Do You Inherit Debt?🤔#debt #money #daveramsey #finance #financetips #shorts #podcast

#podcast #daveramsey #money #finance #financetips #wealth #financialfreedom

[dannycallahan]

the banks will absolutely make it seem like you owe them the money

[noahmontgomery]

Banks will ask you to take on their debt but you’re not obligated to do so

[brndxn]

this is actually one of the best and actually makes really good sense that dave Ramsay has said. debt cannot follow you just because a relative of some sort had it before they passed.

[kobebuckle]

Had to watch twice, was too mesmerized by the smoothness of that harvest

[SoupyPoopy]

Jesus, could you imagine how fucking horrifying it would be to INHERIT debt?!

[kennygforce]

Laws regarding Inheritance are country specific. In Germany for example you can inherit debt. People can circumvent that by rejecting the inheritance.

[outlander]

In Germany debt can be passed on if you accept the inheritance. They don't tell you what you get until you made your decision

[Yamutha-wl]

I sued bank of America for tried to force me to pay for my dad's truck I also turned around and sued the dealer ship for not letting me bring back the truck my dad bought before passing away you don't inherit debt everything but that truck was paid for by my dad and when the dealership refused to take the truck back cause I wasn't gonna pay 900 a month on it it sat in my driveway for about two yrs while I used it the bank ended up settling and paying me 5, 500 dollars and the dealership took back the truck

[musicmirj]

ATTENTION!!
this is NOT the same in every country, or could even depend on the state if you're in the US, but idk. inform yourself about the local laws before deciding!

[definitelynotlebronjames]

My mom died unexpectedly, I kid you not I was getting calls less than a week after she died from debt collectors. There wasn’t much debt nor inheritance but I ended up paying it off with my portion of the inheritance so that my younger siblings could get their portion. No dad around, I was only 18 I didn’t know how to handle it all especially with my younger siblings and remember being so overwhelmed. That was 5 years ago

[TV-ewpe]

I love how the channel adjusts his vocals enough to not get caught

[CHRN]

It's interesting, that this is different in the US, than in most EU countries. Here in Europe, you usually have to declare whether you accept or don't accept the inheritance. If you don't, all is sold to pay the debt and the rest goes to the government. If you take it, you inherit all the debt. So it is important to check before accepting an inheritance.

[slashman]

Remember to READ the documents correctly and double check them to make sure you understand them. Banks will word stuff to make it seem like you owe them money but if you read correctly and understand it it will be asking you to take over the loans

[MaddyFish]

I just wanted to pop on here and say my husband and I absolutely LOVE Dave Ramsey. While we don’t particularly follow everything (specifically just the cash envelope stuff, I can’t really figure that one out in my head lol) he truly just cares to see people in their best financial situations. Free of debt, free of stupid financial decisions, and just happy and thriving. Dave Ramsey and Kaleb Hammer are just two angels who know how to handle money and not be stupid but also wanna help us all handle our money and not be stupid. And with how the world is today, just thank you for being something different.

[dominr]

Listening to debt ❌
Watching harvest ✅

[undefined]

The best way to explain why someone would inherit debt is if (for example) the deceased died with a mortgage. You can take on the debt to keep the house given you can financially afford it but you're not obligated to, but if you dont that house is gone. The point being that in this scenario people do do it as there is value in doing in to keep the property, you wouldnt take on someone else's debt for a personal loan that benefits you in no way shape or form like as if you owe the bank because they cant get it from the deceased which is what it seems many people think when hearing this.

[GlamorousTitanic]

Inheriting debt has to be one of the worst feelings imaginable.
It was even worse in the past when you could be sold into slavery if you couldn’t pay or the debtor literally mortgaged you off to help pay off the debt.

[tangoto]

This is some of the best advice for anyone who has parents who went to college and aren't wealthy

[imlogan_btw]

That makes me feel so much better cuz my mom always told me it does and my mom has made horrible financial decisions her entire life

[Jamo_lmao_]

Learn something new everyday, always wonder this. Thanks for the info