No One Accidentally Wanders Into the Land of Success | June 25, 2024
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- čas přidán 24. 06. 2024
- The Ramsey Show (June 25, 2024)
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Dave Ramsey & George Kamel answer your questions and discuss:
- "How do I stop my mom from taking my grandma's money?"
- Why no one accidentally wanders into success,
- "I'm jealous of my friends who don't have student loans,"
- Dave weighs in on a previous call that George & Jade took,
- "Is the American Dream still possible?"
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There was a call a few months back from a woman who was over 70 asking if she should keep some of her money in CD’s or invest like Ramsey indicates. Dave took that call and told her to keep that money in CD’s as it gives her peace of mind. It was the perfect advice for that particular situation. I don’t know if that would’ve been the advice given by the other personalities. I wish that Dave would have one more personality in the rotation who was older (above 55) and female to offer another perspective. I will say that I appreciate that George was concerned about the backlash he got. It tells me that it bothered him enough that he wanted to find out if he said the right thing and/or what he could have said differently. Kudos to him!
You’re right. But I think the issue is that Dave can bend the rules for common-sense in certain (rare) scenarios. But the personalities have to adhere to the advice without exception or else they risk being wrong and getting in trouble as Dave has, understandably in a way, fostered a culture of yes-men. Which is actually why I enjoy Rachel being on with Dave as she’s the only one who can (gently) challenge Dave.
In George’s defense, the call about the 86 yr old was a tough one. The personalities do need to up their game on elder finance issues. But true story here from my life, my 86 yr old mother has a paid companion who is 84 and still drives and very alert. My mom has Alzheimer’s and this sweet lady takes her to hair appt weekly and occasionally to the senior center to socialize. We pay the 84 yr old helper $28/hr. She is also a single lady in her own home, paying all her own bills on a fixed income. She also works for a family with a severely handicapped child, when they go out she cares for child.
I really like how the show revisited the call, they should do this more often. Not to downgrade the personalities, but just to expand the solutions so we can all learn from them.
We love you George!
"You are heartless" - Dave LOL
That’s so amazing!! 😊
George’s “she’s the Queen and we’re the sorry people” line had me spitting out my coffee this morning. The look on that kid’s face when he says that lives totally rent free in my head these days 😂😂
“Bacon, is good for me!!”
I came looking for this comment! I DID THE SAME. 🤣 That scene is iconic lol.
I love his quick wit
Man the debt free screams really bring back the old days of Ramsey. Miss this
I love the debt free screamers visual goal of the amortisation schedule being printed out and placed on the back of the door and their desire to pay it down! And it only took 4 years awesome! Nabbing this idea.
We only had tiny $2.5k debt but it hung around like a bad smell.
Deadline to be gone was June 30. It was gone almost 1 month early 🙌.
We did a mini debt free scream.
My husband lost his job 2 months ago too.
We know God is blessing the side hustle biz turned full time biz and it's winter in Aus.
Right at that time too when everything seemed like it was going south ... our daughter needed a $3k surgery (paid privately) and my car needed repairs $3k later, we have afforded it all and paid ourselves a wage. Plus, our relationship is further strengthened.
In this short time I found Dave Ramsey. And love the stories and motivation and to dream up our life without lingering debt, so glad we have this example.
We have been blessed upon blessed upon blessed, Praise God!
Thank you Dave!
Next debt to tackle is our mortgage.
Paying off a mortgage under 4% is foolish because the balance can be reinvested at over 4% resulting in a net gain. This, unless you are a chronic borrower with zero self control and need a 100% debt free goal. Banker have to love this channel, wiping low interest loans under prime rate off the books. Impulsive people who can’t control their spending habits and fail to pay off credit cards monthly need zero debt advice. My credit card companies pay me, it’s cheaper than using cash. I have paid 0% interest for credit card use throughout my lifetime, get cash back yearly and fly on free points.
What biz in aus you got
Where is that video?
George: "I heard Grandma, broke, work" 😊. Glad to hear Dave defend George & his cohosts. They're there everyday trying to help people, they don't get it right everytime. Trolls are sitting at their screens with their opinions. We're all just trying to get through life, let's give each other grace. I'm pretty confident Dave followed up with the caller with sensible advice.😊
Absolutely. As Dave said himself, they had already exhausted all other options they could think of at the time and had received push-back on every one. The caller seemed to hold out hope for some miraculous suggestion or resolution. She also hadn’t mentioned her state of health until after all their attempts to suggest solutions. Meanwhile as usual, everyone behind their tiny screens have their judgments and brilliant suggestions at the ready.
@@BeeDee-qs9so, keeping an animal that cost $200 a month is crazy. I understand it probably keeps her company. Maybe animal lovers n her area would help with the expense. Maybe she could be doggie day care!!!!
Amazing show !! Loved all the debt free screams and advice! Thank you Papa Dave for addressing the previous call from the 86 year old. woman and for giving George and Jade credit for trying to help her!👏👏👏👏👏😀
Can I still say that's why Dave should be there
Yes. 100% yes! I only watch the show when he’s on 🤷🏽♀️
Dave is correct. The 86 y/o should just destroy her credit cards and default. Seniors income is legally protected and there’s actually nothing they can do about it. Searching for some kind of added income is a great idea too. Will the kids chip in a bit monthly? Even $50 to $100 a month will help her. A renter renting a room is a great idea too. She’s in a hard spot. Too many seniors are having financial issues.
Not move in but give what she'd pay in food if she did?
She could help work in the nursery at a church, or assist a Sunday school teacher. She could make some money that way.
@@Truckerdaddy I thought Sunday School teacher was a volunteer position. I never got paid when I worked in Sunday School.
She needs to swallow her pride and talk to her family about her issues too. Maybe they have ideas that could help.
Really, you know of a church that pays for this. Every church I have been part of it is 100% volunteers and they never even take up an offering for them. @@Truckerdaddy
George is the man. I watched the show on youtube when the "sell the dog" happened, and i told my self they he will catch some heat from the people on that. Love it George. Preach it.
Time stamp?
1:16:00@@Ruffles2012
Yep, Ramsey Solutions definitely talked to George at some point about that then had Dave address it to control the damage. None of us are perfect though.
To Dillon: I’m also from Long Island. I grew up there for the first 22 years of my life in the same house, thinking I would live there forever. Then I found out how expensive it was. If I could, I would live there but it’s just not financially sound for my husband and I. It’s okay to move off Long Island, we still go and visit family!
And also George, it’s ON Long Island, not IN! 🤣
You are the best Dave!!! God bless you..🙏🌹
Tom and Cheryl. Amazing story! Love how you set your children up for success. I plan to show mine the same.
Good advice to the 18 year old! It takes time to save a down payment and bring up your income - that's normal! And thank you for at least acknowledging that it IS a tough time to buy a home.
Yep I listened to that episode and I did think that George was a little hard with the lady but I also saw that he was frustrated with her since she didn't want to help herself. Maybe his advice for her to work helps her to realize that she needs to do something with her situation now and don't wait longer. His second advice of looking for a roommate probably is better 😂😂😂 We love you George keep your hard work
@@veronicabishop9466 unfortunately as people get older they tend to become very set in their ways, and change, especially big change can be frightening and almost impossible. But more and more older people, retirees, are finding themselves in financial trouble. The courageous ones will reach out for help. There are not a lot of places out there for them to seek advice. Dave Ramsey group has a very good reputation of being an honest, kind, compassionate place to seek financial help. I’m sure that because of their good reputation they will be getting more calls from retirees who are at their wits end with their financial issues.
Please have a Ramsey cruise in "2026" i can't make it this year!!
ooh. I gotta agree- George that was a bit harsh saying the 86 year old "bright future in retirement." There is always a context and history they are unaware of so you need to go easy sometimes.
While I do completely agree that was more harsh than necessary, I think sometimes when people keep giving excuses they try to say something to wake them up. It’s also a good reminder to others that you don’t want to be the 86 year old with no options. But I agree, I felt bad when she said she was a single mother her whole life 😢
My moms family did this to my grandma and my parents rescued my granny. Then, my granny died and my parents got old so my family started doing this to my parents. I bought my mom and dad a small trailer house, cash, in a 55+ community. My brother moved into mom dads paid for house when mom and dad went to rescue granny. 13 years my brother lived in mom and dad house, no rent, not a coat of paint, nothing. My brothers wife passed away a couple years ago and so I am having mom and dads old house fixed up so they can move in.
So far this week has been busy with debt free screams ! Keep it up!
I would request to scream ONLY when Dave is availble.
Love the App, good job!😊
I totally agree with the issue on delayed gratification. It's these darn phones 📱
Caller Lindsey sounds so chill about mother's behaviors. Clearly, she is having difficulty manage grandma's finances.
She’s used to it , probably has been wreckless all her life and she is the one who was the parent in the relationship 😅 or else grandma would have left her daughter in charger .
49:53 intelligent automation is now what you need to learn! Just like shortcuts on iphone
Damn George, that’s crazy talk
1:28:21 I’ve gone through the 1929-1931 archives of the New York Times and the San Francisco chronicle when I used to live in those cities. On microfiche.
They probably have it digitized now but back then they didn’t.
Anyways talk about fear based headlines. Oh brother.
You can also go back to the 1950’s and then the 1970’s for those huge inflationary markets.
Don’t go soft kids, stay hard. Now more than ever we need hard men.
Love all the debt free screams lately!! Just like the good ol’ days. Definitely keeps me motivated seeing them!
WE LOVE THE SHOW!!
I am waiting for the day when the quote of the day is: "Sell the horse." George Kamel
The advice to the 86 year old to get a job was dumb then and it is still dumb today. Sorry George! Sometimes, I don’t know is the best answer.
What everybody listening should be taking away from this is that they don't want to be in that position when they're 86. So change now so you don't have to get a job at 86! Lol
Yep, Ramsey Solutions definitely talked to George at some point about that then had Dave address it to control the damage. None of us are perfect though.
Idiocy.
They've had to tell people, IDK, George is too young maybe to realize 86 is not an age anyone will hire her, even walmart.
That was so heartless. I was just starting to like George but that was the way wrong approach. If the daughter was willing for her to move in, she should just ask her to send $300 a month to cover her expenses
If only people would take your get advice. Things could change for the better.
Dave with the presidential speech, hope and common sense🇺🇸
My smartvestorpro is investing in individual stocks instead of mutual funds. Should I be doing something different?
Woohoo!
I wish Dave would just address the random rate of return - if you take out money during the down market or stagnant years- we will hurt the goose by needing to withdraw in a down market. I am 100% a dave follower, but this has been addressed when George had once said something about 4%- I know he aligns completely with Dave too.
What do we do when taking out 10% hurts our portfolio during retirement.
George is having PTSD right now, talking about 8% withdrawal.
Sunset cruise 😂😂😂
My husband took a minimum living wage from his business all his life and now his social security check is crap.
I think it’s supposed to only be temporary while the caller pays off his business debt then he can raise his wage . Sucks for your husband though .
Dave knows this, but always fails to mention it: yes, interest rates in the 80’s were in the high teens, but the average price of a home was 3.5x your income. Today it’s approaching 6x. Interest rates aren’t the problem- home prices are.
Market values are crazy, but the interest rate back then was the majority of the house payment. Today it's not.
Vehicles were another big expense that has grown way more out of control than housing.
Average wage in 1970 was $8500 a year. Average vehicle price was $3500.
Average income today is $59,300 a year.
Average vehicle cost today is $47,400.
While homes doubled in value, vehicles have grown from 1/3 the average income to 3/4 the average income.
Can you all do another live like no one else cruise for those of us who won't be out of baby step 2/3 until later?
Like Dave said - why would you spend loads of your money on a cruise when you’re not even out of debt? 😅 it’s rice and beans. Not rice, beans and cruise.
@@r3negade47 they're asking if they can do it again so they can go WHEN they are out of debt. They know they can't make it this time.
I got the impression it will pretty regular
Good Luck making 12%
In the 1989 at age 31 I bought my firs t home at 11 percent interest rate. I could not afford a home on my single income at a younger age
Dave said eating Alpo!!😂
5 Million net worth, and not so bright. There is hope for us all! Also, this is why Dave should be the only person giving advice on this show -- that kid George with the 86 year old was brutal.
It's so heartwarming knowing the world has paper-thin skin. Y'all are such babies. George suggesting an 86-year-old find work is not the problem. He was on-air and simply brainstorming. The fact that he even had to go there shows what a terrible situation she put herself in. Her inability to plan and problem solve is the issue, not the call-in show that helps people. And come on now, he didn't suggest that she become a firefighter or personal trainer, he simply suggested SOME sort of work. I hope to be working at 86. Get over yourselves and stop your fake whiteknighting.
💯
👏 Y E S!!!
It's hard for me to feel sorry for that 86 yo lady. I have an older and a younger brother in a similar situation. We all grew up under a poverty mindset. They squandered their lives and now both live on a minimal fixed income. I would have been in the same boat except that I saw this 40 years ago and got out and worked my butt off. 26 years of my adult life were working 2 jobs. I created my own company 23 years ago while working a full time job. Today, that business not only does a great job of supporting my wife and I, but also keeps my younger brother from becoming homeless again. Somebody in this family needed to finally be the grown up. This lady made choices. Every suggestion was met with a "yes, but". She didn't have to be a single mom forever. Where she is in life is the result of a lifetime of poor decisions. I think George did a fine job.
George I love you but I saw that show too and when you told that 86 year old lady to get a job I was dying laughing you’d lost your mind!
Magic wand in hand.... i accidentally "pocket-dialed but uber eats delivered a bag of MMs from Big Lots" i accidentally cost myself 20 bucks for a bag of MMs. Thats how powerful our phones are.... i am now in debt...
Omg
That 86 year said she was a single mother since she was 19 and she is 86. You're not a single mom after you're 40 years old that's 46 more years after being a single mom. Then she said she has leukemia and she got it 21 years ago so what happen in the other 20 years of Adulting. No accountability and only $1200 for SS with no investments I'm sorry she didn't do anything in her life for investments
Well said.
@@jonathanrobimson4543 if she started working as a single mom at 19 it probably means she worked low paying jobs and did not have the benefit of college education. Those days she probably worked her butt off to make ends meet. For someone that worked low paying jobs Al, their life a monthly amount of $1200 is Social Security is a lot, she worked lots of hours to get that. Sounds to me like her money had gone to paying off her house and paying off her car. Those are financial,y responsible moves. Also sounds like she had been doing ok in retirement, making it financially, until somewhat recently. From 65 to 85 is 20 years of doing ok in retirement, also a financially responsible 20 years. It seems during the past couple of years as her small nest egg dwindled down (due to inflation?….I doubt she’s been spending wildly on vacations, expensive cars, or eating out) she’s been having a tougher and tougher time making her basic monthly expenses. Now she’s frustrated, at a loss for what to do. Probably scared too. Kudos to her for reaching out for some kind of advice.
I’m 43 and still a single mom for 22 years now. I had 3 kids. My youngest is 15. If she had more than one child she could have been in her 50’s then maybe helping with college etc. Depends on when she started having kids. Women are having kids into their 40’s now.
Not just 86. And 86 year old with CANCER
Hi I own my house outright how does that change my baby steps ?
When will every dollar be available in Europe?
It is, just Google it. I use it here in Norway 😊
My mom bought her first house for 10k ,I bought my house for 180k Christmas of 2016, my home is now worth 385k in 2024. Graph that out. Look at the trend line.
Listening to Dave talk about interest rates takes this boomer back to the purchase of my first house. The interest rate on that mortgage was 14%. We bought a fixer upper that was structurally sound with newer mechanicals and roof in an ok neighborhood. The rest of the work was basically cosmetic, but very livable. I remember showing my mom and saying, "it's livable", as she looked around at the unpainted walls and the plywood sub floor she said, "this is livable?" LOL. Indeed it was.. when interest rates dropped to 8% (woo hoo!) we refinanced which left us extra cash to finish the work. Years later, we turned around and sold the home for double what we paid/put into it. We were able to upgrade to a larger home on a little acreage. We sold the first home to another newly married young couple who were so excited to start their new life. After the contract was signed, the wife asked if she could bring her mom through and show her the house. I said of course, and could hear them upstairs as the wife was telling hermom all about her decorating plans for the house. Made me smile. 🙂
The lady with 2 and a half million , paid off house and an income of $450,000/ yr (net worth 5 million) wondering if they have enough for retirement 🙄
I was so irritated by that because really?
I'm pretty sure it's expectations postpone makes the heart sick
53:39 I think Dave was sleepy this episode 😂🤣
He’s having short term memory issues.
@@runnergirl252this show a handful of hiccups but otherwise solid feedback 🥳
Dave is loosing :D with George name and his book 🤣 LOL
I just started watching, I don't know that your plan of being debt free agrees with my occupation as a real estate investor. I dont have credit card debt, student loans or auto debt. I have 2million in mortgages but 10 million worth of property. should I stop borrowing money to buy houses if the tenants pay the mortgage?
Dave recommends purchasing all investment properties in cash. So sell off a property or two to pay off the remainder of the mortgages you have, and then save cash for the next property. Soooo much less risk doing it that way.
At 1:22:- why don’t they suggest a reverse mortgage. Her house is paid off and she seems to have a daughter that isn’t expecting any inheritance.
I see jay didn’t say anything about her being 86
George was SO wrong to the 86yr old woman!!! Heartless!!!
Bye, felicia
@@kenderbernard7119😂
1977 bought a home 9% interest
First payment less than $1 on principle. I was horrified!
Interest rates were high but the % of house prices to income ratio was lower than it is today.
1979 bought house 10% interest
Putting your ENTIRE company on a single cruise ship vessel is EXTREMELY unwise.
Did George offer to send the 86 year old woman a copy of his book. Breaking Free From Being Broke?
Dave is really missing Ken today.😅
14% oh 25000 vs 3 percent of 400,000 hmmm wonder witch is worse to pay
how do i work here?!?
(BS7) Haven't been watching the shows by You Tube for about the past 6-12 months. Have been watching them again during my work lunch break. During caller number 2 Dave stated he would have Christian pick up and get AJ some information. With that being said, what happen to Kelly?
I think she’s the main producer for Deloney’s show now. But, she occasionally pops in to fill in for producer James on this show.
its unsecured debt run it up and dont pay it.
I'm not accusing her of any wrongdoing, but I do wonder why this lady is giggling as she tells about how her mother is STEALING from grandma. It seems she is afraid to confront a thief because the thief is her mother so she just let's it drag on, occasionally slapping mom on the hand and saying, "No, no, mustn't do that." She should have gotten the police involved like the second time mom stole from her own mother.
She may not have committed anything illegal but she sure as heck needs to develop a backbone! And she most assuredly should have been smart enough to shut down that account or at least make it inaccessible to the debit card. She should call her banker and ask about the most efficient way to handle that and then she should do that and if mom gets in trouble, that is exactly what she deserves. Anyone who would steal from an old lady is despicable and when that old lady happens to be her own mother, the level of despicability shoots through the roof!
BTW, Dave called her "sweet" but I wonder how much grit she would have developed and what steps she would have taken if SHE had been the one mom was stealing from instead of grandma. I bet she wouldn't be half as reluctant to take any steps to stop this thief from continuing to pilfer money from accounts that are not hers!
I think the 86 year old said she has leukopenia not leukemia
Why is there a refinancing add by Dave here? I thought the borrower was slave to the lender.
He's giving options to people who already have loans with a better option to get them paid off sooner
It’s private student loans and he’s doing it for people who were taken advantage of
Dave's official position on refinancing is that it's a bad idea for most because most people end up thinking they make progress when they haven't but it's Mathematically sound.
It’s not just a refinancing ad, it’s an ad for a debt collection company.
Just like traditional debt collectors, they buy defaulted loans from the original lender for an amount less than what’s owed (can’t do that with government loans, which is why they only do private loans), then collect from the borrower.
Unlike traditional debt collectors, Yrefy gets a payment agreement (they call it refinancing) from the borrower BEFORE they actually buy the debt from the original lender.
In fairness, Yrefy probably has to pay a larger percentage of the debt than traditional debt collectors do since the debts can’t be dissolved in bankruptcy. (just an assumption)
Yrefy might have a slightly different operating model than other debt collectors, but they essentially do the same thing.
For all the smack they talk about debt collectors, I’m surprised they advertise for one.
The caller at (45) in college and trying to get a job just needs to be much, much more aggressive. If the school etc. does not hook him up, he gives up, but expects to be paid for "marketing"...market thyself first. He'll be all right once he tries. 😎
To the Gen Z caller: "Giving up is a permanent solution to a temporary problem". If it's going to take you 10 or 20 years to save for a home, so be it. Set off on that journey and tell the story to the next generation.
Nope. 1964 is the last.
That’s what I was thinking.
Median income does not include Silicon Valley Dave.
Most obnoxious statement “ we have a million in cash and don’t know what to do with it “ , look around the country , u could find a way to help
Anyone else get the impression Dave Ramsey doesn't really like George Kamel?
Come on my man be realistic George 86 years old damn dude the poor woman can barely walk north straight dude come on man have somewhat some some damn compassion dude come on what is your empathy and your compassion for for your for your fellow human beings you’re the expertchoose your words wisely my man
Also double insult by Dave this is absolutely not a laughing matter whatsoever Dave, snickering, laughing and everything else not good dude totally absolutely 1000% unprofessional out
Elder abuse 😂
Dave’s wrong about baby boomers. They are from 1946 to 1964. He’s not the last of the baby boomer generation.
George telling an 86 yr old lady to get a job 😂. Jade telling her to get rid of her dog is heartless. Can tell from other shows that Jade is an animal hater. Can’t stand Jade. If I see she’s on I don’t watch, she irritates me so much.
Dave Ramsey said he’s 63 ? Lol, he looks like he’s about 67 to perhaps 70. I wonder if he said 63 or is he really older ?
Actually I think he looks pretty good/ normal for a 63 yr old. I’ve seen guys in their 50’s looking older.
He. Looks. 70. At. Least
With. All due. Respect. Heavy. Bald. Gray. I. Would. Get. A. Great. Kick. Ass. Trainer💪👌👌
He's 63. And he looks younger than he did at 40.
Of course he mentions the high interest rates from the 70s while completely ignoring the home price and income:price. There is real world math and then there is Boomer Dave's math.
Finger-wagging at an 86 year old is NOT funny, Dave.
Nobody claimed it was.
Telling the facts isn't finger waiving or shaming.
Won’t a reverse mortgage be her best option other than selling and moving in with daughter
I hate the debt free scream
It’s always people who make $200,000 like who cares if a rich person pays off debt
@@TVAnthologyReviews Stay jealous
I love them! Gives me hope that one day I may be able to do it.
@@candaceenglish8491Maybe celebrate on stage a trophy or some kind of more quiet presentation..
@@TVAnthologyReviewsThey must be struggling to find people who want to go on stage so they end up taking the people that they can get
I hate that “yeahhhhhh” Dave’s scream, it’s so annoying coming from an elderly person…don’t hate me please, I love Dave though…