We are SO BROKE, We Don't Know What To Do!
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- čas přidán 4. 04. 2022
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Solar panel sales guy said, "We can cut your electric bill in half!" My electric bill is $110 per month. I said, "So you're going to save me $55 a month? That's $660 a year, and at that rate it will take 30 years to recoup my investment." He hung up.
how long does it take to recoup your investment on your home?
@@drprofessorpowersport Solar panels leak. Anyone who tells you different is either trying to sell solar panels or trying to sell their leaky roof solar panel house.
@@drprofessorpowersport You recoup as soon as you sell.... and in most cases, you get more than you invested. The only other option is to rent, and your rent is never recouped.
@@rayjgold You'd have to pay off your mortgage first so on average it would take over 30 years to recoup your principal investment... not even talking about interest
@@rayjgold how is that different from solar? Aside from the fact it might not appreciate. The only other option is to "rent" from the utility company, which you never see a return on.
She's not laughing because she thinks it's a joke. It's her defense mechanism. Good thing Dave put her on the plan. They need it.
He "put" her on nothing. She isn't going to follow through.
Yes.... Dave and many other people are too stupid to recognize nervous laughter.
Exactly.. She's nervous and anxious for sure. Sometimes I laughed under pressure because you fell guilty airing your faults, especially on national radio! I hoped she started the plan and continues to follow through.
Ya she’s nervous.
Ben- she has a child.
Selling the house is rarely the answer anymore. I sold my house in 2010 and started from scratch and for 10 years my rent increased literally more than my annual pay increase. Now bought another house, I’d rather be broke with a roof and equity than broke and covering landlords increase each year.
I've been in financial trouble before. Now, I own my car, I own my house and I have zero debt. I don't have a ton of money, but it is cheap to live if you have no debt. My rule of thumb, don't jeopardize my savings, and if I can't easily pay cash for it, I can't afford it. Also, just because I can afford it doesn't mean I need it; needs v. wants. The only bills I get are utilities; I can't tell you how good that feels.
We are.right with you!!! It's great to not have the burden of debt!! 20+ years ago were my debt battles!
No debt is awesome but only bills are utilities? What about property taxes, insurance, phone bill, car insurance, internet, Netflix…. I would love no debt and am working on it but living a “normal” life in the US is expensive.
You dont have phone bill or car insurence
wants mean you're bored. go for a walk.....that "thing" you think you want will be sitting in the corner in a month gathering dust....
@@andrewt9521 I have a friend who calls me greedy because I am still working full time at pension age. According to her I because I have no mortgage and "your only other bills are utilities" I can afford to cut my income in half. I said what about everything else not to mention saving for emergencies?
Solar panel with a loans and house debt is literally the epitome of debt on top of debt.
😆😆😆
Fact!
My dad was able to get them for free through insurance, I’m curious why they weren’t offered that route as well.
@@TimeisUp22 how was he able to get them for free from insurance? The insurance doesn’t just hang out free money…
@@barrycook8116 I have no idea. It had to be either home owners or life insurance. But thats my assumption, I assumed thats what everyone was doing at that time. Ill ask him tomorrow.
A few years ago my home caught fire. The fire department was able to save my home thank God but as I was helpless watching my roof burn I had an epiphany, "it's just stuff!!" You don't need stuff to make you happy. The moment you stop wasting money on "stuff" your financial worries get less and less.
I agree but we all need a roof over our heads. Can’t afford to buy? then rent. Life is pretty simple until we take big stupid steps in the wrong direction.
I say that line also: "it's just stuff" ever since a huge tree fell on our house. No one was killed or injured and that's all that matters. The rest is covered by insurance and it's replaceable.
Definitely don't sell the house. Rent will cost more than your house payment. And they are going to raise the rent so high that noone can afford to live.
Yep. My parents rented all while my mom was alive till 2013, and in those 25 years they were together (they met in their 20s and 30s) - the rent went up 65% a joke. Now my dad is a single father living with us and owns his fathers old house.
It's sad. Renting in a big city is just too expensive
No it wont lol
Yeah Dave shouldn't have said that
If none can afford to live the city will become empty. Is that something you think that can happen?
This lady is wise to have called into the show. She is not stupid just afraid and has a way out. The question is does she and her husband have the willingness to make change. Change is hard.
At least in this situation they have quite a bit of equity in their home. So if worse came to worse, they can sell their house and start over. Most don't have that ability. This couple is far from being bankrupt.
I wonder why the husband didn't call in - why did he let her do it, is he angry at her for impulse-spending, does he feel ashamed for buying the solarpanels, is he reluctant to admit they need to start anew? Such emotional aspects need to be discussed kindly, unjudgementally, and come up on the table and be solved together.
Lady is pretty dumb. Math is hard for them.
Drinking the coolaid to buy Solar panels was stupid.
I love that the guys on this show understand that people get overwhelmed and stressed and stop thinking logically. They’re in fight or flight. Dave and co are here to help literally knock some sense into people, with love of course
I don’t know if selling their house is the right idea with the rising rent in America. I think their house will help shield them.
Agreed rheny need more income
Yep ! More income and budget and get rid that 15k debt for a start !
If caller got a job making 40K or so a year they'd have the debt taken care of in a few months. Plus invest and plan for the future and build equity in their house. The husband has a child support obligation, this all should have been in their long-term planning when they got together and had a kid. And having the other kid is fine, and he will also be fine in daycare/preschool. They also need to go through their budget. line item by line item. "Breathe" is the best advice. Dave & Co. were spot on with this caller.
A rental at this point would probably be more expensive than staying in the house.
I'm Canadian and house prices are ridiculous here. I bought cheap don't know how future generations will afford it
@@leadnsteel1428 I suspect housing will become a bit lower within the next few years. People's incomes aren't going up at the rate that housing is going up which will soften demand.
exactly!
I feel sorry for anybody renting. It is just crushing.
All depends on where you are renting
Dave: “Better than I deserve. How are you?”
Caller: “I’m great! We’re broke and don’t know what to do!”
Hahaha
My first thought when I heard it!!
It’s so weird how we default to say we’re okay isn’t it? She’s probably meaning her health
My health ain’t even ok . Good news is all they want to hear . They don’t like it when I’m down .
I've been debt free since 2005 and it feels wonderful!
I get thst 😊
Not really you still pay a electric bill and pay for gas and pay taxes we are all in debt too the very end of are lives I have 300k put away and I still feel like I'm in constant debt when I open the mailbox
Are you a Millionaire now?
If your not free and clear on your mortgage your not debt free but you are congratulations 👏
im 34 and have like 55k in debt
ive been young and dumb
i know ive was spending more than i made
now i know better and can get out of this quickly
i can imagine how nice it feels dwbt free
before i came to USA from Mexico i was debt free
She agrees with everything but doesn’t seem like they will do it. I meet ppl like this all the time.
I know some of them
Sometimes depression is so powerful you can’t create any reason to change
Before i read your comment , i thought the same thing. Lots of laughter in this caller. Giggle,giggle..
Lol yup
She took the initiative to call. That's something. So yes, I think she will try.
How can people live like this? What boggles the mind is that most people live this way and think it's normal. This is freaking crazy!
As a reformed liver of this type of lifestyle I can only say that it kindve creeps up on ya and slowly becomes normal. I can only see it clearly now through the benefit of hindsight.
Christopher Martin, experience is often the best teacher.
It’s like anything the craziest stuff seems normal if you’re in it long enough
They just keep buying one more thing that they "need". American garages are full of things that people could live without and leaving no protected place for their cars.
You have to live within your means.
"Of course I don't want to resent my stepdaughter".....and Dave talked right over this sad, yet revealing comment. It clearly shows that she does not hold herself accountable for failing to control her spending.
She resents her stepdaughter
THIS!! That’s exactly what I heard too! She resents the step-daughter. Why even mention “after child support” in the very beginning? I knew right then and there she resents the step-daughter.
@@Sasha0406 probably because his net pay would be maybe double, then CS takes a chunk of change out of it
She blames the kid for their problems.
@@cloudedcolour5329 no way. My ex makes about what this guy does and I receive $100 per week to support our son.
Honestly just sitting down and making a weekly/monthly budget on a simple Excel sheet makes such a difference! It helps you to have a visual of how much is going in and out, and you can see what you can cut back on/how much you can spend. It has been a life saver for me.
Excel sheet,that’s advanced.I used a good old mead spiral notebook paper 😊
Well said !
yes it really helps I love mine and have shared it with friends.
Im.going to implement this
I've been doing this for about 2 years and it brings so much peace of mind! I know where every Real goes and so far I've accomplished lots of things.
I believe most people think "If I can afford the payment, I can afford it." Change your thinking! "If I cannot purchase it in cash in full, I cannot afford it."
Another thing about purchasing stuff with debt is if it can legally be taken away from you for any reason (i.e. failure to make payments) is it REALLY yours?
Here in Texas if you don't pay your property tax bill the county can take your house even when you own it free a d clear without any mortgage or other liens on it. So is it ever really your house?
Purchasing in cash in full does not mean you can afford it. You need to save and put away money for retirement. Just buy what you need and live below your means and take your savings and invest it wisely. I will tell you that my co-workers have made fun of me due to how frugal I am.... now they don't laugh at me anymore and I am twice or ten time more wealthy then any of them including my boss and my bosses boss.
💯💯💯
DING DING DING we have a winner
@@brianparrett114 To answer your question about a house, not really. Even if paid off there is always a 'lein' on it because of taxes. Most people miss that, thinking the paid off house is theirs no matter what.
She reminds me of myself I'm very unorganized I thought I was broke till I looked at my income taxes WHERE DID ALL THAT MONEY GOOO but I've been learning about managing my money being more organized and thanks to shows like these I've given up the monthly payments lifestyle and I'm about to pay off all my debt little by little and after I will invest !
Update???
"We don't owe anything on cars. One is rent-to-own." How is this not a debt? These people are a laughing mess.
Americans are car crazy but don't own houses. Id rather drive a clunker so I can have a paid off place to live and not worry.
I think she meant it as there wasn't a loan with interest for it. She can give it back to the friend they're renting it from and not have a loan balance to pay off, or penalties, or anything like that.
@@Liv2Pnt Here's how to make it do: save $$ for a replacement car and pay in cash, not wacky rent-to-own schemes with friends (which will fall apart) or financed through a car dealership. That's how it's done.
Yeah. A friend of mine recently bought a new home theater system and stand. I thought it was really cool until he said the whole setup is $179 per month. I think from a rent a center. In ten months you would have paid off your TV if it's a nice one.
@@benkelley6561 dude, I buy TCL Roku TVs from Walmart for my furnished rental homes. *I literally paid $248 for 65" TVs during black Friday last year. That people with no means will spend almost $2000 on a 12 months commitment for a lesser TV than Walmart sells for under $250 I will never understand.* Of course I'm 50 and drive a Honda Fit so clearly I don't care what people think about me. At all!
Dave should tell every caller to Never ever buy a timeshare.
When Dave said "better than I deserve".. caller laughed. She is broke
Nervous laugh
Golden rule:
If you can't buy it twice, then you shouldn't buy it.
Doesn't work with houses
Works with toasters. Not cars
@@ericdahl2915 😆
works with everything
use to buy cheap car parts and regretted it each time
now i do it right the first time
i step back look at the situation my money my time lines
for all things
Only buy wants with passive income 🤴🤴🤴
Her laughing annoyed me initially but then realised it’s actually her natural defence when nervous.
The salesman who sold them the $30k solar panels must be a genius because they might be saving maximum $100 a month!
Yes, not only are the cost of the solar panels not cost effective in reducing their power bill but they have to be removed to replace or fix the roof. At $100 a month it would take 300 months to pay for the panels not counting interest. There are also repair bills during the life of the panels. Also, when you sell your house the panel debt comes out of the proceeds from the sale.
Yes, almost as crazy a financing $300K for a home when you can rent for $1300 / month
@@w.andrewmeloni4723
Except a 1 bedroom apartment is 1300 a month, A 300k home is $3k to rent.
They have equity in their home already, you never get any in an apartment.
If they keep the home they will have a nearly free place to live come retirement time.
Where are you renting where you can find an apt for 1300 - my area you can’t
I don't think that he's much of a genius, rather her husband and her are very unintelligent.
If you really want to save money on your electric bill, just turn off the lights in rooms your not in.
Hahaha,exactly.
Lights are minimal with electricity. The big ones are heat and air condition
Thank you! My husband never made the connection of lights on and tv blaring all evening = big electric bill. 👍
If you left all your lights and TV's on all time that would be something like 150 watts. The refrigerator is something like 200 watts by itself and the air conditioner or heat pump is something like 4000 watts. If you're talking about lights you're looking in the wrong place for savings.
@@queenbee3647 buy LED lightbulbs and change them all.
There is someone always in our neighborhood trying to sell solar panels. I tell them through my ring doorbell to keep it moving.
Thanks for the laugh
Did he look like the Monorail Guy from The Simpsons?? 😂😂
Imagine mocking someone that will save more money than you, while you pay a power bill until you die to ERCOT which left you in the cold while your lawmakes flew to Cancun
I say I'm going with a windmill in my backyard.
With Texas in your name, I assume you are from Texas... did you lose power during the winter storm of 2021?
If you’re not in California, buying solar may not be a good idea.
$30,000 to "save money on electricity"????
There's your problem.
The caller sounds so sweet. I wish her all the best .........and the strength to run off the ‘double-pane-window’-sales guy!
She’s not sweet. She needs to work and she won’t
@@dcg590 Don’t be jelly. jk. She sounded sweet. IDK if she truly is.
@@dcg590 She would like to work from home because she has a young child at home. If she did work outside the home, it may not make that big of a dent after all the related costs with transportation and the cost of child care.
The house gives you a psychological crutch. It can calm down the debt panics. It will give you the calmness to make good decisions. Excellent.
If you dont have cash for it dont pay for it !
It's obvious that something doesn't typically work in your favor when they're coming door to door to sell it. In my central FL neighborhood, we get 5-10 solar salespeople a year knocking on the door, not to mention constant calls. If it was such a good thing for the homeowner financially, they wouldn't need to be knocking down doors to get customers, they'd be so far backed up with demand that the customers would come to them.
It depends where you live honestly. You live in Washington state solar panels are not worth it. You live in a state like Arizona its worth it
@@lemongrass3945 hahahaha, I used to live in Oregon. We definitely didn't need solar panels.
Same. I’m in Ohio.
And every time they come by they say how all the neighbors are signing up yet years later no one in the neighborhood has any panels up.
And just like that I feel BETTER about my life and finances.
They don''t have a budget, she doesn't know where their money goes
100% self inflicted. You put 30k dollar solar panels on a 300k dollar house
@@saulgoodman2018 you pay 30k in power?
@@mxerb5912 I think he means if the monthly payment for the solar panels is less than the monthly payment for electricity. Not likely though.
@@Mactakun doesn’t matter At 200 bucks a month, it takes 12.5 years to return your money. Hoping that the equipment lasts that long. You could have doubled your money in that time
@@saulgoodman2018 I've run the numbers many times. When you take into consideration the limited lifespan of the panels you always end up in the red.
@@paulvarjak7378 Don't forget that the loan or lease on the panels can make the house a nightmare to sell if you need to move. You have to really read the fine print on deals like that.
Listening to her and her reactions, I can see lots of positivity and energy in her. I am sure she will be out of the woods soon with maestro Mr. Ramsey on her side. Good luck, Jessica, and hats off to Sir for helping another in this sort of trouble.
That's not positivity, she's breaking.
Never get involved with someone who has baggage from previous relationships. She said we have child support. Nah. You got linked up with someone who owes child support.
spend 30k to save a 150 a month electric bill lol
🤦🏽♀️🤦🏽♀️🤦🏽♀️
No even, probably like 50 bucks, if that!
Their great, great grandchildren may reap the benefits in 80 yrs 😂
Yeah, not too bright.
Why are her solar panels so expensive 😮?
They can’t stop spending you can tell in her voice that she is not taking these calls seriously just keep saying yeah “I know I know” which means she’s going to keep doing it. the desperation in the voice is not there yet.
She’s laughing because she’s nervous.
You can't afford to stay home unless you can get a work at home job, not business, job.
Not true. It requires some sacrifices of material things and strict budgeting but it can be done. I did it!
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
sounds great! please I will appreciate your assistance on how to go about it, who's your investor and how good is your investor..
I am going to look her up, I have about $81k i want to start with....
Thanks for the efforts you put in these. I found her and i leave her a message i await a response
Just invest in index funds. You're never going to be successful picking individual stocks, that's similar to gambling. If you spread your money out across (for example) the 500 largest companies you are almost guaranteed a safe and lucrative investment. In the history of the stock market, it has always gone up over long periods of time. Over the last 5 years the top 500 companies have averaged a 9% return per yearX
Don't trade. Invest. There is a difference.
Can't wait for the free electricity from the solar panels FORTY years from now.
By then they will be on their 3rd set.
Exactly! That's why to me solar panels don't make any sense. It's like buying an 80k electric car to save on gas.
@@vickieclark5931 it’s amazing how many people disregard the cost of the car when working out how much fuel they would save with an ev
Payback is closer to 10 years when you purchase your system up-front. Then you get free electricity for the next 15 to 20 years.
@@vickieclark5931 enivornmentally they do
Just… wow 😳 The solar panels thing is really blowing my mind.
lol....talk about the "green new deal"....lol
@@tonybryant7846 LOL. IKR? People that purchase these solar panels prove that there is a sucker born everyday.
I have a friend who sells solar panels and say it's so easy and makes a lot of money, he said one of his smaller deals was 46k for the panels
@@davidwanklyn8842I would die laughing. She would be my hero if she did that.
I’m mind blown too . ridiculous to buy them 🤦♀️🤦♀️🤦♀️
If the rent will cost as much as the mortgage. It does not make sense to me sell the house.
I hope that "home business" isn't an MLM, cuz if it is.. giiiirl drop that thing like a bad habit, it's only stealing your money.
she makes multiple statements about the step daughter... this is awkward.
Just like yesterday's call too. Note to self women hate stepchildren huehue
Single people without children should not marry someone with children from prior relationship(s). It's just not possible to come out as top priority, nor your mutual children.
Right? I think when Dave talked over her she said she doesn’t want to resent her stepdaughter. For what? Existing? And existing in her husband’s life before she met him? She already does resent her, and really the stepdaughter is a scapegoat for the couple’s stupid decisions.
Sorry, stuff like this pisses me off because I was the stepdaughter. Every birthday I had to hear a countdown to when I would turn 18 and child support would end.
@@jeromehenry4484 I don't think that's always true. I have a friend who married a guy with four girls. Her husband has joint custody of them with his ex-wife. She loves those girls to death. That being said, they are far from broke, like the caller in this video...
Hey 36 years old and they are super smart you know what she really needs to do is to need to accept the fact that she needs to go back to work outside the home
She can get a job at a daycare or gym that way she can work and have her kids with her. The two of them can work it out so she can work at night or whatever time he can watch the kids.
Women don’t try they like being lazy
@@opizacharyuhaulhascomeinmy2139 I am a woman. I work, most of the woman I know work as well.
That is what I did with three then four. Worked teaching fitness, cleaned houses, kept peoples kids in the summer. All of this without a sitter. Worked when dad was home. It was hard but not forever.
@@CourtneyRobinson Exactly! Creativity . And they grow so fast! Now I’m looking back at when they were babies and now they’re taller than me . I’m like omg this is a temporary situation .
I hear people screaming this doesnt work. a year later, house is paid off, land is paid off, two cars almost paid off and I can see the light at the end of the tunnel. The whole time, I am still an alcoholic. it could have been easier but it definetly works. Time goes by slower though when you drink.
She need to go to work and help her husband. These times require a two-income household. You should never let our spouses struggle to pay bills. Even if she works part time ; it’s better than nothing.
Not if child is an issue.. hopefully, she can get something that works for their situation.
Depends on the cost of child care versus after tax income
Fast forward one year and selling the house to cash out the equity won't be an option. All that equity is about to evaporate as the housing bubble collapses.
Love listening to thos motivation. Keep going guys.
I’m surprised with her listing her expenses and what she owes she didn’t figure out why she is broke. I saw the exchange of looks between Dave and George.
I wonder if there is hesitation to increase income because that can increase the child support payment.
Lol I doubt she can figure out what 1 + 1 is. They are a lost cause...
@@Ernster86 hopeless. Eternally doomed.
Caller knew WHY they are broke; she didn't know how to turn it around. Wish Mr. Ramsey/George had asked caller what she did for a living before she was married, sounds like she needs to go back to work soon because she cannot afford to be SAHM.
@@brianparrett114 If caller goes back to work, that will not increase child support. But if husband makes significantly more, then possibly child support could be increased.
Great content as always, thumbs up to this channel.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>
I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,
how do I get in touch with this consultant that assist??>>>>
STEPHANIE KOPP MEEKS, that's whom i work with look her
Thanks for these recommendations.....,,,
Always impressed that all these callers have all their numbers at their fingertips. At least they know where they’re at.
I always come to this channel for a confidence boost when I'm feeling down. At least I can manage my own finances and struggle to understand how foolish and childish people are. Once you take ownership for your decisions, life gets easier... imagine that!
Absolutely
Same 😆
I hate when Dave acts like you can just easily double your income. If it were so easy we'd all do it.
Is not easy but is not impossible.
If Dave would have said is difficult nobody would have tried.
Yes you can double your income and it only takes one or two little things
@@kathys1285 Maybe in fairytale land. It really depends on where you live. If you live in an area with few jobs it's not that simple.
@@kathys1285 so what are the one or two little things?
I worked a full time job for 25 years because my husband a teacher didn’t make a bunch of money I don’t get these young mothers who think it’s ok to stay home and raise their kids my husband and I worked together I worked nights and all weekends to take as much stress off of us so my husband could watch them while I worked where there’s a will there’s a way
Sounds like she was saying she doesn’t want to resent the child but Dave cut her off. If that’s her thoughts, she’s foolish. Child support isn’t the reason you’re broke.
Exactly: it's based on her husband's income. She probably just wanted to be a stay at home wife and spend spend. Also it's not like she didn't know he had a daughter he was supporting?
It’s taking away from his income.
Car insurances, plates registration, inspections, gas, car maintenance sums - up money.
I'd like to see a follow-up with them in a year or so!
Keep on keeping on the budget....this brings HOPE
Did she just tell everyone that she used child support money to buy solar panels?? I want to know the situation of how much the ex is being forced to pay for her to waste it and how much he makes.
They have to pay child support. That's why there's only $3100 left for the month
Child support wouldn't cover that🤣🤣
What are you talking about? Her husband pays child support to the other woman/the kid's mom. Unless the ex wife is living with this caller and her husband, the child support wouldn't be going towards these solar panels. 🤣
We don't owe any money on our cars were renting to own.
That I don't get, unless the cars dont work
Then she said it was a gift...
surprised he didn’t question that!!
@coasternerd The rent to own one right?
If I was them, I would sell the $300k house, pay off the $45k debt with the proceeds and buy a $230-$250k townhome or condo and get a clean slate.
Instead they need a 3 bedroom mobile home
@@king-nick2023 Even Mobile Homes are going up in price and unless they also own the land, they have to pay rent on the space which can be nearly as high as a mortgage in some places. Better off getting the condo or townhome. The HOA is substantially lower and will include exterior maintenance in most cases.
@@thullraven1 that all depends… some places offer rent control.. also if you do what’s called a “co op” if I’m correct.. that’s where people come together and buy the land to split.. no rent just property taxes
@@king-nick2023 That's true Bro, but there aren't many of those areas compared to what I described. I was in a similar situation. I sold my house and bought a townhome outright. No mortgage, no car payment. No debt of any kind. All my debt went bye bye. I have a beautiful yard and pool area that I DON'T have to maintain and I'm right near the park with bike and jogging trails. They can do what I did and get a fresh start.
@@thullraven1 I’m not saying your wrong.. I’m saying that their is more than one option available… yours is just one.. there are people with paid off mobile homes and have the same life style.. everyone’s needs are different
dont sell house, cause rent will be wayaay more than the mortgage. its gonna get really bad out here. mortgage does not go up every year. rent is increasing at 30-40% rate.
The P&I doesn't go up.. but the taxes and insurance can and will.
No escrow. The mortgage will be the same for 30 years.
@@jumpiam8477 Do you to have to pay property taxes where you live? Do you not carry insurance on your home?
@@brianparrett114 I do. I pay a house insurance and a property tax by myself. It's not in escrow. My mortgage payment doesn't go up and down because of that. That's what I mean.
@Randall V with my current mortgage my loan to value ratio was large enough that the lender didn't require me to setup an escrow. So I manage it myself and get the interest on my money rather than the lender. In my case, the payment to the lender will never change.
They need a budget and they need to stick to it. If they can do that, this mess can be turned around.
I get the vibe that as a couple you didn't help each other to give your best, each and together. How is it working now with a budget and a goal that will depend on both doing what you are capable of, when you really show off?
Don't fear other people's envy, you might as well be many people's inspiration!
This reminds me of til debt do us part. The organizational tips Gail gave really helped.
Great show! I've saved a lot of money taking her advice 😃
Having a 3 year is still expensive as well, I was paying $500 a month on daycare. I was so happy when he started kindergarten
Well, one good thing about being totally broke. You have nowhere to go but up.
True, but unfortunately some people get even more broke cause they continue to do stupid things.
Keep Pushin!
She first needs to stop blaming child support for their overspending. He should be supporting his child just as much as he supports their new child. They also made the bad financial decision to have a child they can't afford.
Dave did a good job working with her
She agrees with everything he says. Sell the house "right". Don't sell the house " right". This was hearing active listening theather.
This family needs more than a plan. Wow.
I never thought of a baby step zero of being sick and tired of being sick and tired. The step in which you have to decide whether or not you are going to start the baby steps.
Why on earth would you get something so frivolous as solar panels? This is all a joke to her. I would be horrified.
@@littlebob1261 I would not buy a house with solar panels. They leak and constantly need repair.
@@littlebob1261 Along with a great deal on ocean front property in Arizona
Some people giggle when they are nervous.
@@littlebob1261 🤣 said no one who has actually looked into the cost vs. the savings. Thanks for the laughs.
@@littlebob1261 This guy definitely bought solar panels
I love how he asked Dave Dave always ask how are you and they say they’re great and then they dump their big story on them so they’re not great
I think it’s a standard reply.
Why are you laughing lady. You're in trouble! Heee...heee
Solar shouldn't be 30k!
Just get rid of the car and stop buying things you don't need.
Say it with me folks. "broke as a joke". 🤣😁🤪😂
Why would you sell your house when it is going to cost you more to rent an apartment in a few years than your current mortgage?
You didn't listen he said if all else fails sell the house
@@bik3r230 Leaundrae did listen and is just giving the reasons for agreeing with him.
A very good decision she made, speaking up
Great show.thanks.pj.👋👍⭐❤️
Why did you spend so much when you had no money?? No sympathy here. Beans and rice. No restaurants. "We have no debt on cars, but one is rent-to-own." That's debt!! Start working, woman. One of you work days, the other work second or third shift. Share taking care of the kid. That's what we did!!
You speak truth. These people don't want it that bad.....
I always wonder doesn't it scares them waking up every morning BROKE. Would scare me to death.
@@glow1815 It did us. We hated answering the phone because it would be a bill collector. We found an eviction notice on our door. We had that "We're never going to be here again" moment.
When I had the situation she had, I watched one kid and I earned almost 1000 dollars a month in 2003. It helped us till husband got another job with 30%more during the dot bomb time. It’s temporary but kept us from going under. Also, it’s nice for my child to have another friend to play with.
This is actually a great idea!
This is a hard road to walk, but once you do it you never look at these the same way again. Good luck to this family. Hope things get better for them. I did it and I know others too, it's rough but it's worth it it the end I promise. 👍🤞
This woman will not change a thing
how do you know? do you know her? did you ask her after the call and find out?
You know how to spend successfully. Good job.
Jesus saves, I spend
It's funny how people need to be told something that's obvious and surely they already know
Many bankruptcy attorneys are very grateful too
you did it to yourself living above your means
How do solar panels cost 30k. In the UK the cast of solars do not cost more than 15k and are rarely worth the outlay. Usually a waste of money.
I laugh the solar guys off my porch. I'd do it myself if I wanted them. Plus I have a 50 year bar tile roof and nobody including myself is ever going to put holes in it.
Hopefully it goes well for her. I bought a home with solar panels that were fully paid off by the previous owner. I believe he paid about 30-40k for them lol.
Omg her giggles!!
I love his recommendation. Dale Carnegie "How to quit worrying "..solve the worst possible scenario...cut phantom electric expense, only buy basic food for nutrition, get on CZcams for extreme budget ideas..listen to Ramsey Solutions daily..
I have a friend who sells solar panels he said it's so easy, they don't require a down payment and push the tax benefits, he says that they practically sell themselves and that one of his smaller deals was like 46k
And this is supposed to prove anything
@@bik3r230 Yeah it proves they're a ripoff
Why do they pay childcare if she's a stay at home mom?
Child support (for her stepdaughter), not childcare
Masterfully articulated. Respects.
SOLAR PANELS ? WTH ?
They are seriously impulsive buyers. She needs to get a job, maybe waitressing at night a few nights a week ?