All About Family Money Drama! | June 19, 2024
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- Äas pĆidĂĄn 18. 06. 2024
- The Ramsey Show (June 19, 2024)
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Dave Ramsey & Rachel Cruze answer your questions and discuss:
- "I did a bad deal with my parents and now I'm not getting paid,"
- "Is it possible to build wealth while renting?"
- Why you don't need to build your credit score if you don't plan on borrowing money,
- "I'm tired of paying so much in taxes..."
- "My husband gambled away our HELOC,"
- "My wife is a compulsive shopper"
- "What can I do to stop overdrafting my account?"
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When Dave breaks out the "honey" to a dude in the first call, you know the episode will be a banger.
He wants to be sweet because his daughter is there.
It's such a disrespectful dbag thing to do.
Calling a man âHoneyâ is Daveâs way of calling him a dumb a** and not getting in trouble on CZcams lol
â@@gormeroth it was not very nice but I guess he gets crotchety when people don't make sense.
The young man told like 5 versions and not a one added up, bless him. đ
@@gormerothwhy itâs okay to call him honey because his math confuse me for 20 mins steaigh
As a recovering addict, 30 years clean and sober, I admit that manipulating people was almost as hard to quit as the drugs. So grateful for my recovery & rebuilt relationships! To the caller with the addicted husband, DO NOT ENABLE HIM & take care of you & that baby!†Iâm on BS4-6 now! Thank you Ramsey for covering all aspects of life!
Because I found The Ramsey Show, I ended up paying off the car I got for my daughter. Debt free here.đ
âTheyâre too dead to do anything about itâ Dave is so funny! đ
Thank you for explaining the reasoning behind owning a home as a way to not have to pay for housing when retired. Now I get it.
I love Rachels plan for her Dad at work. Classic!
Cute haircut, @rachelcruz†Thanks @daveramsey for explaining the difference between a traditional IRA and a ROTH. I've always struggled to remember the differences. Great show as always đ
The first call me my head hurt
This comment made my head hurt
@@rstanley2385 lmao đ€Ł
I read this before hearing the full thing⊠but I literally have a headache now after watching đ what on Earth??
Rachel- can you consider designing a clothing line for us women ? Many would agree that your style is so classy and beautiful . I will pay the price and buy the style! Can you also add the nail polish as well? Please do it !
Agreed. Sheâs so classy yet refreshing
She is also in good shape so everything looks good on her!
She says buys many things just off Amazon đ or j crew etc.
Her hair is super cute these days. â€
It's so cool to see this father daughter relationship , you can see the love and respect and Admiration for each other.
Rachel is kind and tactful with callers.
But not helpful as her experiences are limited. Wisdom comes with age and experience. She should not be on this show.
@@justinveenendaal3044 I THINK RACHEL IS GREAT ON THE SHOW !!!! SHES AMAZING AND WELL TRAINED BY HER DAD !!!!
â@@justinveenendaal3044then neither should the other personalities, especially Jade and George, with those parameters.
@@bettedavis9261âââ jade and George have at least walked some trenches and therefore have some experience. All Rachel can blabber about is âbudget budget budgetâ
@@justinveenendaal3044she grew up and lived under the guidance of the man who did, she has valuable input.
Rachael I love your new hair style. But whats new. You can rock anything girl! Keep smiling and stay beautiful. Thank you for what you all do. Blessings!
What about Dave?
@@brucefredrickson9677Dave have no hair and I think theyâre talking about her dress styles!
1:12:25 I'll apply now as a private nurse for a grumpy old Dave đ đđ đ. Great sense of humor, you two!!
All praises to Our father yah for letting others reveal Our truth!!!
this makes me feel better about dave being there at 92 đ€Ł We were scheduled to do our debt free scream in 2020 and well didn't get to cause well 2020 - My dream is to go when we reach everyday millionaire status! Hoping Dave will still be around the studio then & we can shake his hand & thank him for setting us straight đ
Dave is in his no fucks given era đđđđđđ€Łđ€Łđ€Łđ€Łđ€Ł
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Loved the education on homeownership.
It makes so much sense đĄâ€
Rebecca from Toronto sounds like she's being held at gunpoint in a closet while the police are searching the house
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I like the no debt , I like having no payments to anyone or any company .
I'm glad I smartend up, and now I'm free of debt and I keep a strict discipline on staying away from credit , cards, loans and all that
Its nice for most part I have 2 plastic cards, and 1 is my driving licence, the other a debit card
No way osay
I like my freedom and nothing, absolutely nothing is wrecking my reclaimed life .
Dave is the goat đ
YUP !!!! HES THE BEST !!!! If anyone says he's not that just tells me that they haven't listened to him long enough !!!! LOL !!!!!
Dave "Grumpy" Ramsey đ I love Rachel. â€
While i like this show, i do get tired of how stupid people continue to be.
Dave really showed some restraint during Peter's call.
Peter is taking the polite Canadian a bit too far. Why would he not want to be added to the deed of their family home, especially if he paid off a mortgage that was not necessary but for her spending?
As a Canadian, I agree completely. Donât tell anyone, but I wanted to throttle him. We Canadians are kind but not without IQs. đđ€« (Well, okay - Not ALL of us are kindâŠđ)
It's not his Canadian politeness. He's a total beta.
â@@BeeDee-qs9so Sir how much do you earn a year in Canada? Plz reply. Thanks a lot.
The dude at 1:35 is a complete simp. How does he not understand the absurdity of the situation with his wife spending over 100k on credit cards. Unbelievable.
I would love 92 year old Dave. I'd be 62 đ„Č
Dave is 63 years old
â@@Jetup24she knows. She's projecting 30 years into the future.đ
Is a math nerd, I have a headache after the first caller
And the circular, low-energy, young man rant vibe. đ
1:09:30 ish...Maybe in Tennessee, there are separate facilities for Medicaid patients vs private pay patients, but in my state, the skilled nursing facilities are the same, whether you are a Medicaid patient or private pay. There can be a Medicaid patient in the same double room with a roomie who private pays. The care is exactly the same. Now, you definitely have to shop around because facilities aren't created equal, no matter how you pay.
Agree, he always says that but as a nurse I can verify that both Medicaid and private pay patients get the same care.
Private pay tend to have an entitled attitude. I live in an area that has all levels of wealth (cared for them equally).
My husband and I have yours mine and our accounts. The our account is the house account. House payment, utilities, and food budget goes into this account. We both put equal amounts into this account. This way there are never any questions about the mortgage or utilities not getting paid. This is automatically put in from our checks. We discussed the house income and agreed to do this. Weâve both had bad marriages that the other didnât manage money well, so this is not a bargaining account. It can only be used for what it is designed.
I have always rented. My rent is cheaper than what my parents paid in taxes on their home/yr. Buying a home is buying a lifestyle. It is not a good investment. Buyi a house if you have kids or if it makes you happy. jmo
I hear you. What is your plan for housing in retirement? Expecting that when the time comes, you'll find something affordable on your retirement budget?
Love Valerieâs energy!
1:59:31 Behind on your mortgage, but private catholic school is important to you? Kids love a place to call home. For their sake, please get on the same page with money, the kids and learn how to prioritize. Even roommates are closer.
Love Rachel! Sheâs so sweet!
Amber from Dallas: Why did you have a baby when you have MS and still unsettled with all of your disability issues?
Not to mention not married. She had no business having that baby.
I feel sorry for a baby coming into this world with a mom who sounds she has given up already
Jill & Holly, oh my. Only way to fix both of your issues is gambling and marriage counseling. If either men refuse to go, eject and move on.
When Dave does the âHmmm Mmmâ in the low toneâŠunderneath that is judgment!
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1:56:18 WowâŠ.What a powerful statement by Pres. Abraham Lincoln!
You can REALLY tell Dave HATES sending money to the IRS đ
DAVE !!!! Im gonna be there on the 27th on Thursday next week !!!! Can't wait to give you another 6 house paid off hug buddy and cash saved up for number 7 next !!!!! LOL !!!! This is "THE DOUG" from "THE RAMSEY BABY STEPS" COMMUNITY !!!! Hopefully Grady will be in the audience. He's a fun old man !!!!
Uncle Dave, you can hire me to take care of youâ€đ
You don't pay 300k taxes on a million unless you took it all out in the same year. If you and your spouse took out 50k a year you would pay 12% taxes. Dave is ignoring tax brackets. You only pay 33% on any amount above 330k.. Noone is taking that much out and you don't pay a flat 33% in the whole 330k just on any amount above it.
The best reason dave has to go with a Roth is because no minimum withdrawal and because people suck with money so you pay more in taxes with a Roth but you are better later
Yeah everyone pushing only Roth is oversimplifying it to meet their narrative. Now I think itâs good to have both. But the more money you make, the more you should skew to traditional, in my opinion.
@@BP_PE90yes I think it makes sense for higher income people in the highest tax bracket. Saving that high tax rate is quite a return on its own but for most of us making less than $300k per year, max Roth accounts first since we all know where future taxes are going.
@@andrewsnyder9262 at this point I think we are talking about optimization. I donât think itâs wrong to go any direction. If someone is maxing out traditional or Roth, they will probably be okay. Obviously, the person going the Roth route will have more spending power in retirement, but they paid more to get there.
Roth costs you your current MARGINAL tax rate to make that contribution. Traditional saves you your current marginal rate today. But traditional accounts are only taxed as they are distributed, so you pay an EFFECTIVE tax rate on those distributions. That is because some of the distribution is not taxed (standard deduction), some taxed at 10%, some at 12%, 22%, 24% etc. The only way itâs more effective to do Roth is if your effective tax rate in retirement is higher than you current marginal tax rate.
Currently, I do 25% Roth and 75% traditional. Even though I believe itâs more optimal to go traditional, Roth is simple and can be useful for controlling your tax rate in retirement. My plan is to also aggressively do Roth conversion la before SS (if we still have it) and before RMDs. The best thing about Roth, it sure does simplify planning, and you know exactly how much money is yours.
Thatâs not how it works. You have minimum distribution requirements with Traditional Retirement accounts, meaning you will have a minimum amount of money you will have to withdraw from your traditional retirement account and depending on how big your balance is, that could put you into a higher tax bracket than 12%.
Arizona is cute! Luke and her are a great couple and Iâm glad they were able to be lazer focused on their goals.
She and Luke
Iâm curious about the Ira argument. I just realized that the pre tax traditional is actually more money compounding. The Roth would be taxed already and would obviously be less money invested. I know the amount invested would be different and the gains are theoretical. Still itâs an equation that hadnât previously thought of.
Yes traditional is more money compounding but you will pay the income tax on the money when you draw it, therefore youâre paying tax on the growth at whatever the tax rate may be at the time you began to draw.
The Roth option allows you to pay the taxes now, and the money grows tax deferred.
Hope this helps.
I completely understand what youâre saying. Unfortunately, people just accept arguments around ROTH vs. Trad as gospel without thinking it thru and running their own math for their specific situation. I simply donât think ROTH is universally a better option.
Hmm. I remember Dave saying numerous times (and he infers it in this call) that you invest the same amount of money, whether traditional or Roth. You just need to have the tax money available upfront for the Roth. In that case, the amount compounding is the exact same, but with the Roth you don't pay taxes when you withdraw the funds.
I used to think it was good to put money in a regular 401K instead of the Roth 401K because of the tax benefit. Then I saw calculations that showed the growth of the Roth over 10-20 years and realized that having that growth all be tax free is a way better deal! Not to mention that you can typically afford the taxes when you're working, but paying taxes hurts more when you are living on a retirement income.
@@jaijai1132 Don't forget..."your IRA is an IOU to the IRS. I'm doing Roth conversions for the past several year so I can be done with the tax issues. Taxes have to increase given our huge national debt.
The 401k vs Roth conversation assumes you can put $1000 of post tax dollars in when you are putting in $1000 of pre-tax. You need to compare $1000 trad vs $650 Roth.
Exacly there are also other nuances that Dave will never address. For instance your first 12k right now is tax free as income. So if you only draw from Roth in retirement you miss out the opportunity for getting that extra 12k of tax free income from a traditional. Also there are tax advantages for all the church people wanting to tithe or give. If you give from a Roth there is no way to take advantage of those tax codes for charity. But itâs good that someone is paying attention good for you.
Roth costs you your current marginal tax rate to invest today. Traditional you pay an effective tax rate on your annual distributions. If you have a 35% effective tax rate in retirement, congratulations, youâre so rich taxes donât even matter.
The other thing I hate is this âtaxes always go upâ crap. Taxes are lower now than they were previously so this argument is nonsense. Thatâs not to say they wonât be higher, but to say that they always go up is just wrong.
They just chose not to pay relatives. They will pay strangers but ghost family members. Iâm on the same situation with a lease. Canât get rent for ish! Iâm about to get a property management company involved
Why didn't Dave give Luke and Arizona a free cruise, you have one coming in 2025... Lol
It works be hard for me too give up a Camey no matter how much rvd payment was.
Hey Dave- Hire me- I will teach you Spanish for free! Lol but true! Your awesome Dave and Racheal.
Arenât the Roth IRA assets subject to estate tax?
1:00
Valerie is cracking me up đ€Łđ
Yes...for the wrong reasons.
Man, Rachel and her siblings and grandkids, are gonna get so much money ha, they donât even need to invest a lot lol. What a blessing đ€ That is if Jesus doesnât come back before then đ
Uncle Dave, you can add this âlong lost niece Brookieâ to your will đ
1:11:50 it requires its own highlight đ
Hi rachel, i like your shoulders. I like the muscle tone. Keep it up.
Does this "kid" even have a GC license? Those are not that easy to pass and he doesn't seem with it
He's one of the dumbest callers I've ever heard.
@@ThePolypam Not dumb...probably naive and got out of his lane on this issue.
Just to hear mooing" đ
Apparently this kid can build but the parents are dealing with an idiot. The parents should sell and give this kid an even share
Itâs disgusting to see these people say to a 86 year old woman that the best option she has is going to a pt job, you guys have no empathy nor compassion
That was not this show. Post your comment on the correct show.
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Compulsive spender caller; this guy is way too soft! He needs to get on those deeds today! Geez!
This combo talks over each other way too much
So weird when he calls grown ass men honey
Heâs in his 60âs and he was talking to a 22 year old. I mean⊠itâs not really that crazy. That could be his grandkid
@@cristiannaJ126 They do things different in the south. Lot's of honeys
I think itâs sweet
I'm in my 50's and live in the south. I have never called any man "honey."
â @@laurab5849I think so too. Makes me think heâs always called his son and grandson that, and itâs really sweet and protective.
1:32:00 "Most addicts die". That isn't true.
Beans and rice is currently on the menu!
Eeeek Biden commercials on your show!
First đ„đ
Why was Dave so rude to first the guy.
Honest not rude.
Because he called into the show without knowing the basic facts. He wanted Dave to tell him his parents owed him 100k.
Because he didn't have his facts straight.