You Have An Income Problem!
VloĆŸit
- Äas pĆidĂĄn 27. 07. 2024
- đ” Create Your Free Budget! Sign up for EveryDollar âź ter.li/6h2c45
đ±Download the Ramsey Network App âź ter.li/ajeshj
đ Visit The Ramsey Store âź ter.li/7vyom2
đ Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
đïž The Ramsey Show âź ter.li/ng9950
đž Smart Money Happy Hour âź ter.li/9gcp3d
đ§ The Dr. John Delony Show âź ter.li/2u3mc0
đ° George Kamel âź ter.li/1elws8
đĄ The Rachel Cruze Show âź ter.li/n2u6jc
đŒ The Ken Coleman Show - Highlights âź ter.li/1rbjr2
đ EntreLeadership âź ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
Time for dad to get to work!! Make sure you have a great income BEFORE you have kids, it's ten times harder to go back to school etc with kids to care for.
Two kids in daycare isn't going to give them tons of income either
Iâm finally debt-free!!!!!đđ»Thank you!
I know I'm late seeing this but congrats!!
Night shift and weekends. He doesn't want to fix this.
Stay at home Dad or Mom with a ton of debt? There are graveyard shift jobs that will help you out of debt. One spouse works at night and the other in the day.
exactly.
You know you been watching DR too long when you realize they have changed the opening jingle because it's missing a note.
I miss "Baker Street"
Jon delony changed his intro now too and I don't like it, it's weird. He's supposed to be professional and it looks goofy.
Children are a wonderful blessing. That being saidâŠyou should have them when your lives are organized. You cannot take care of tiny humans if you already canât take care of yourselves.
QUOTE OF THE DAY, Frank!
i agree knocked her up and can't take care o them
Agreed. I truly hope they are done having more or taking precautions. Their current situation is dire.
"Return"- What you file with the IRS. "Refund"- What you get if you don't do your withholding correctly.
He probably pays negative federal taxes. You cant withhold negative amounts.
That misuse of terms drives me nuts!!!
You should both have been working for years. My wife and I have both worked full-time since we've known each other - marriage, kids, everything. GET TO WORK!! BOTH OF YOU!!
@SilentNot He got a student loan to stay home? Makes no sense!!
@@evasanz3466 Or refuse to work 2-3 part-time job at a convenience stores, because it's below their education level.
@Tupelo Honey A real man would be out there working and not having his wife do it all. We both worked, and our kids grew up fine.
Yep!! They've got it all!!!!
@@tupelohoney622 low wages are a huge problem when you owe money because they are often not intended to be lived on
The caller doesn't seem too clear about the facts. . . he also doesn't seem too clear about his OWN responsibility and contribution to the mess. That, in turn, will affect his behavior moving forward, and in turn, his future. He doesn't seem to get it. So tragic with little ones in the house. Hopefully, he will find a way to change his habits and learn from Dave. At least for the sake of his children. . .
When our kids were young, we worked different shifts to save on childcare costs. If forces you to work harder on your relationship but itâs worth it in the long run.
No itâs not. But Iâm glad you think so.
Life isnât about working and not spending time with your partner, thatâs no partner. Life is about making it work so you can spend time together. Get better jobs, work smarter not harder.
It wasnât worth it, unfortunately, you just lost.
Yes đđŸ you have to do whatever it takes. Him not working is definitely not helping. If they both had jobs making 50k they would drastically improve his familyâs lives.
@@deataol And spend it all on daycare costs!
And depending on where you live these schools have FULL-DAY PRE-k
Why people do this to themselves is beyond me. I'm no rich guy and believe me I've made my fair share of mistakes, but listening to some of these calls makes me feel good about my financial situation. Really sad people get this far gone before they start tackling the issues.
And, worse yet, what kind of examples are they setting for their children?
We're debt free, house and all less than 40. We're not rich but we're far from this guys situation and I am grateful.
Buffalo is actually a VERY cheap place to live. Whatâs not cheap is the New York State taxes.
This entire call is a disaster. I can't believe how calmly this caller lists all these debts one by one. I don't think he gets the level of the mess he's in.
Of course, not! THEN he would have to take responsibility for his actions!
Yah and did you hear what he uttered as Dave was ending the call - he said "That's what I've been trying to preach for 10 years"... sounds like the guy is blaming his wife for everything and not taking any responsibility.
I would advise anyone who is planning to go to Financial Peace to try to do so in person. Having attended one and helped with two others, having REAL people tell REAL stories helps. Also, one is not as likely to drift off in a real class and miss something.
Something else on his side isnât adding up here. Has student loans but no job for quite awhile.
He's a "professional student" aka professional bum.
No degree to show for it.
Another problem with this guy is he doesnât listen. He keeps talking over Dave, trying to explain his situation. Perhaps itâs the phone delay but the guy needs to dig deep, man up and get a graveyard job while he continues to âfigure this out.â Iâm a dad of two and I work 60 hours a week. Be a man, a husband and father and take ownership. Stop overthinking homeboy.
Yep. Two of the kids are school age. He needs a full time job and they can find childcare or a preschool for the 3rd child.
He knows. Heâs embarrassed about it and trying to get ahead of the criticism. I agree though. Just work nights or evenings doing something and get out of debt asap. Figure out the rest after the debt is gone.
That sounds hellish. Maybe not have kids?
I listened carefully after reading your comment. Maybe you should go back and listen again. No offense bro, but I don't think he was trying to talk over Dave. It probably is the delay.
There's several times where he's being quiet and just listening.
This is a very difficult situation that he's gotten himself into but, if he will attend Financial Peace University they will help him see the light at the end of the tunnel. I pray that he will.
And for anyone else who hasn't been through, I highly recommend it. My wife and I have taught it twice and it is a wonderful experience both for the students and the teachers. Life-changing.
@@wewhoareabouttodiesaluteyo9303 What do you suggest at this juncture, that he get rid of them?
WHAT MAN IS COMFORTABLE NOT WORKING AND BEING IN DEBT?? THIS IS CRAZY!
He's a professional bum.
@@raallen1468 đ€Łđ€Łđ€Ł
@@raallen1468 so the role reversal of a man staying home to watch the kids translates to bum? NICE. Many a woman has not had a job, raised the kids, and was considered a provider. If she is the main breadwinner, she needs to step up more.
@@lindab2323 true but we all know most women are not built to provide for men. He needs to get to work, period. I donât make the rules I just report them.
@@ethannaka1822Sorry, but I have no idea what that means. Women are not "built" to provide for men? Emotionally, I think women are stronger, and do much more for the family overall. My opinion only.
Financially I have always made quite a bit more than my husband and neither of us could care less. It's not a competition, it's a marriage. But I do agree this guy should do much more, given their circumstances.
Put three year old in day care and work 11am-7pm shift till heâs in school you can sleep in day wake up after their school and be a full time dad. Or be home in the day with three year old and wait tables 4-11pm once mom gets home.
They're probably homeschooling because they don't want public school education to contaminate their children.
With everything going up it is essential that any able bodied person work to help out their family when they're swimming in debt and have little kids. Male or female.
So many of these people who do not have their lives together but call in for advice are constantly interrupting an expert and not taking advice. Maybe if they shut up in their day-to-day lives and listened to smarter people they would not be in the mess in the first place.
True. At least they call. I am trying to get my goddaughter to take the class but she won't listen at all. She asks me for money though. Sorry the well is dry.
Anyone else notice the change to the intro music
Yeah, the first part of it. Wayyy better than awhile ago when it was that guitar riff that would earrape me.
@@Cookieboy70 It was based off an 80 song.
This is why I listen also. Excellent expert Advice!!!
That guy is a knob, he has all that debt and he calls himself a stay at home dad? Shame on him. BTW, since when did Buffalo become expensive? Buffalo is the bottom of the barrel.
Buffalo is amazing. Anchor Bar aka the original Buffalo Wild Wings.
@@wewhoareabouttodiesaluteyo9303 naw Duff's all the way, man! đ
Ted.. I live near Buffalo. this guy didn't say if they rent or own a home, but rent in the city I live in is $750 tops for a 2 bedroom, in the bad area of town.
Mom comes home, dad leaves for work is the answer but they won't do it.
He sounds like the type who is A) allergic to work, and B) would never take a job that is "beneath him"
No! Everyone goes to work. Will be too tired to make more babies. đ
Discover is predatory.
I had autopay full balance. They changed the due date to before the direct deposit was sent to them each month with no notice then started charging late fees EVERY month.
100% purposeful abuse of a 20 year cardholder.
I called them up and told them they weren't getting another dime, closed my bank account that had been autopaying and cut up the card. Never heard from them again (16 years ago)
Discover isn't the only one that does this. Citi Bank did this to me also. Luckily, I had the money in the account đ€Ș
Normally I would side with a parent staying home and raising the children. But in this case theyâve dug too many holes. The children no doubt are feeling the stress. It would be healthier for the children if he went to work. Double their income and they can get out of it quicker. The only other option would be if they have enough equity in their home to pay off their debts. Sell it and start fresh.
Seriously, and itâs not like sheâs out there making a killing.
@Nom de Plume where I live there are plenty of Momâs who make over $100K. If Dad makes half (not having this debt obviously), why not stay home and raise the kids?
A SAHP is a luxury for most people, as well as having multiple children they can't afford to raise.
@@codyhughes148 That is not the case here. She only makes $50k and he makes nothing.
That aside, most women wonât admit this openly but we tend to have trouble respecting men that put us in the position of having to be the breadwinner. Itâs kind of ingrained. We are biologically programmed to want to nurture our kids in a way that dads are not, so when the question of âwho is going to stay at home with the kidsâ comes up, most women want the be in a relationship where it can be her.
He probably was making 20-30k and got the judgment that was going to do wage garnishment so quit the working bc would not make anything by time paid childcare and got 25% garnished. Sounds like he is doing side hustles most likely for cash now to save from the garnishment.
I wonder what his education was for and whether he finished. He still has unpaid student loans. Would be good if he can leverage his schooling into a job, but he's likely looking at shift work so he can be working when his wife is home.
I believe Ramsey is saving lives and preventing depression. Because financial issues can make you depressed and Suicidal
Seemed like a "no big deal" call at first. Collections on that old Discover Card debt with a tax "refund" didn't seem all too serious. But then the rest came out toward the end. They have car loans, mortgage? Worst of all... they have student loans? Geez. Good luck man.
GGs
Just paid off my cars. No car payments baby. Wife and I did a happy dance
Great advise as alwaysn
Some of these calls donât make sense. Your loan defaulted and your not working. What else did you think was going to happen? How did he not know what the solution was?
Hate to mention this be he may be like a girl I lived with in 2011 who always believed âthere are other ways to contribute besides financial.â
Dude needs a night shift job at a retailer or warehouse. They are desperate for help.
They both should be working full time. If that is not possible they should relocate to a cheaper state.
Live beneath your means
When you make that little money, you donât need three kids.
He will probably send them out to work ha
Yeah but they curch always pushes people to have as many as possible, no? Isn't this why so many Americans have a football team even when they're broke?
you guys changed the jingle !!!!!
THey have a new jingle , wonder if they got copyrighted?
Yes, I do. How do I fix that when employers are being unreasonable?
He need a Job too
In the crazy world we live in, who does not have income problems? Well, maybe politicians.
They just gave themselves a 20% raise. Absolute garbage all of them.
Lifestyle/Spending problems are much more common than income problems.
@@DaveW74TVN Great point
@@DaveW74TVN I JUST wrote that on a different comment. And we're RIGHT, lol!
New logo sound clip sounds off.
Yes Dave at least half of America has an income problem right now
Half of America is L-A-Z-Y
A janitor at my office is a multimillion. No excuses
@@alinatamashevich3354 You can afford to be lazy IF you can live off one job and be single.
@@wewhoareabouttodiesaluteyo9303 Bingo, busted! One job, b/f , and debt free.
@@wewhoareabouttodiesaluteyo9303
Affording to be lazy is one of the benefits of saving,investing,avoiding debt,and living within means.
One of the best kept secrets out there.
Whenever they say "I am going to try to make this short" they go on and on and talk about 30 years ago.
đ€Ł
Itâs so nice of Dave to help Gopher from Winnie the Pooh
You need to stop! LOL âShhhhunnnyâ đ€Łđ€Łđ€Ł
Nononono đ
Stay at home dad calling about financial worries...
This guy should be working an evening job or weekends.
No his wife should be looking for jobs that she cna work around his schedule or maybe get a real job but she probably isnât a hirable person and is just drop dead gorgeous like my friends wife she is worthless except her looks lol
@@TheMechanicj Did you even listen to the video? Nothing you say matches up with Caller's facts of his situation.
@@TheMechanicj His wife makes $50k a year. He is unemployed! Are you ok?
â@@anniealexander9616would you say a sahm is unemployed?
@@JV-uo7zz That's depends. I was stay at home landlord mom to my 3rd daughter. I had to work when my oldest 2 children were born because I was broke. I've worked 7 days a week to take care of my family. What was missing was income from dad.
Families have to juggle what's best for the family and like Dave said, they need income. Would I have like to stay home with my babies? Definitely! But dad went from a spending issue to contributing nothing. This dad needs to find work....ASAP!! The kids can go to school. Here there are headstart programs for 3 year olds. All of my kids loved it. That frees up dad's time to go out and be the breadwinner that God intended him to be.
Dang I live on 1/2 of that a year...with a teenager, no help but state health insurance.
That insurance can be worth a lot . My Obamacare was going to rise to 550 before 7k in copays.
Ramsey is the best in the business
The Great Dave Ramsey is wrong. Buffalo actually IS a cheap place to live. Plus they live in an even cheaper area outside the city. I do agree with Dave though that overall, it is an income problem and the husband needs to make more money.
Dave is correct - this family has an income problem.
@@clarifyingquestions Yes, but Dave said Buffalo is not a cheap place to live. It actually is a cheap place to live. Dave was wrong regarding that. So he was wrong, like I said. Get it now?
@@philipbahn6863 Got it the first time. Doesn't matter about cheap or not place to live. Today wherever they are cheap or not they have any income problem so Dave is right. Get it now? Done here.
@@clarifyingquestions Itâs both. The husband needs to make more money regardless, but it does help that they live in a cheap place to live. The average cost of living in the US is 100, while the cost of living in Buffalo is much lower, only 79.5. Dave erroneously said that Buffalo wasnât a cheap place to live.
He probably meant NY has higher property taxes than any other state. Except New Jersey
Oo new jingle. Dig it
Time to work day & night. Literally.
Woah new intro jingle. Caught me off guard.
This guy never met a debt he didn't like!! We were broke years ago, and working more and cutting back fixed it.
You could fix your debt but he has an income problem not a spending problem. Fixing his income part may allow him to fix the debt over time but in his case cutting back will likely not help much.
@donaldlyons17 Absolutely!! They've got to bring in more money, AND cut back. That's what we did way back when we were broke. I remember eating boxed mac & cheese most nights. Maybe potatoes occasionally. You do what you have to do.
This is a nightmare scenario!
Not knowing how to budget is the problem
True. Had a buddy who helped me
Intro music?
Is 50k a year for a 24 year old in AZ considered good, bad, or average? Single, no kids, and no debt.
Oh, I like that new intro. Was that a recommendation by Kenneth?
I was wondering if Raymour and Flannigan caught on
Dude needs to do doordash for 12 hours on the weekends. Thatâs about $600 every weekend. An extra $2400/mo changes his world!
He needs to legit learn how to code, which is not easy or fun in my opinion, but tough times call for tough measures. Then you can get a good paying job.
who changed the intro music
How do I pay off over draft account? Fast what is the best way to invest money?
You have to pay off the balance on that overdraft.
Transfer enough money into that account so it's not a negative balance
Why would you ask that question? If you want to learn about investing, get a financial planner. Joining an investing group is another option.
Someone needs a jobby job
Or any kind of job.
funny how they are not pushing those discover points in this situation now that he owes them money.
LOL - I've made a ton on them. Likely 5k if I tracked it.
Never paid a penny of interest. Whatever - I just don't bother to try and "push" anything to the Dave Disciples". Kool-aid gone wrong, effing fools.
I'm not as bad off as this guy, but I'm ready to move from the area.
There are more livable states than this high tax money pit ...
Hmm while I do agree he needs to work weekend or evenings at the very least I wonder if there would be all those comments towards the wife if she said she was a stay at home mother while her husband worked
women arent supposed to be obligated to work. Stay at home dads should not exist. It's an embarrassment if a man can't provide for his family
Both women and men live in the home, est the food, and collaborate in the production of children. Both are responsible for supporting the family. News flash, women have been able to access education for about a century now. If we're educating girls it's because we expect them to use the education productively.
Go Bills!
Stays at home and probably spends more time online gaming than actually taking care of his kids........
Caller: Thanks for taking my call
Dave: What's your household income ?
Make America Great Again and Just Say No to Debt. Partnership for a Debt-Free America. đ â€
Oh why this intro tune?
It doesn't take Financial Peace University to solve this issue. JUST GET A JOB! There's a billion entry level remote-based jobs you could work making around $40k a year! That money would change your entire situation lol! It's time to get off the couch dude.
The title is only partially accurate, and it's not even their biggest problem. I'm convinced if they made twice what they do they would still have money problems. Their problem is more behavioral then income.
Why do you say that even the worst behavior can be ignored if the income is high enough.
@@donaldlyons17 You can't make enough money to compensate for bad behavior.
Thoughts on the new intro...?
Anytime they say Iâll make this shower just know thell ramble on forever
Stay at home dad? Get a full time and part time job.
Nightshift somewhere for that guy till they are out of this.
With inflation higher than ever, when will anyone not have an income problem?
When they learn RESPONSIBLE FINANCIAL MANAGEMENT SKILLS!!!
Came to hear the real experts in the comments đ”
The roles have switched in their situation traditionally. This situation effects a lot because now he is at home taking care of the kids while his wife works. This could be a marriage issue as well. I have a friend going through this right now and I canât help but to think your wife will slowly lose attraction to you because your not handling your business as a man.
Stay at home dad? BETAAAAA
âStay at home dadâđđ
This guy doesnât sound dumb at all. Communicates clearly. This family could definitely be making more money. Maybe it made sense at the time to stay home due to child care, who knows.
Really? He sounds pretty irresponsible and oblivious to me!
Stella Rocquie irresponsible and stupid are two different things.
New intro??
Why do people keep having kids when they have no money?
The title of stay at home dad is reserved for guys who run a wood shop out of their garage, other it seems rather pathetic
The intro ringtone wasn't the greatest
Stay at home dad? Go to work.
This guy is a bum home stay dad is never ever a good idea if we were going through that situation I'll be like a dog on the streets doing all kinds of jobs.
This sounds... weird to me. Is he hobbled in some way?
If I don't have a car and dave is against loans, so you're telling me I have to wait a year or two to get a car? That's stupid.
Depends on how you can leverage that loan. If YOU KNOW you can take out a loan on a car and be able to pay off that loan within a year of getting a job, THAT would be a good idea. If it is your first car, I am sure there is some wiggle room.
Check out whiteboard finance on how to finance a car if you need a loan. But in general, you should always pay cash for a vehicle. Then save money to upgrade later down the road. Check out Car Wizard to determine which old car is a good buy. Avoid scammers, have the car inspected by a reputable mechanic before buying a car in 2022.
@effgoogle, so you like being robbed? Any interest you pay no matter the amount , robs your future today! You can NEVER get it back. Ride by any bank and look over their building and furniture as well as the bank Presidents salary. That is your interest at work. Feel better now?
@@wev2344 Embrace the Craigslist hooptie! Good advice WEV!
@@absolutetruth3290 that's not doable in rural areas where there's no public transportation or uber LOL
Not hearing much motivation from this caller.
Because he's the victim.
Him not working is the problem get a job
I am all about moms staying home with kids, but in general am very skeptical of stay at home dads. I have just never known any men with any dignity that would even consider it, and the men Iâve known who have said they would consider it are the sort who would spend all day playing video games and leave all the housework for their wife to do when she gets home from her job. Obviously some SAHM are like this too, but in general women are much more conditioned from a young age to feel responsible for intensively nurturing kids and doing housework than men are.
That's sexist and while it's in the minority, there are SAHDs who rock it and women who love being in the workforce AND are great parents. The problem with this caller is they're in so much debt that SAH is a luxury and a folly. Both parents need to be working to dig out of the hole they've dug. Keep your outdated theories to yourself.
@Monty Mython I tend to agree with you. Hence his lack of drive to even try to work from home.
Just pray god will help you đ
Can that guy shut up for one second so Dave can talk please
This guy is hopeless. I feel for the wife.
My parents only gave me about 400 thousands to start a business. And i work my entire life bloody hard to turn that into 410 thousands. đȘđȘđȘ
Dave for crying out loud, let the man speak! He was clearly trying to finish a thought. There's no reason to be THAT impatient.