These Callers Share Their Worst Mistakes With Money | Ep. 4 | The Best of The Ramsey Show

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[TheRamseyShow]

I'm 25 and Bought a $52, 000 Car Because I Drive A Lot!  0:21
Really? (You Just Did That, and You Have $45, 000?) 9:23
I Regret Ordering A Tesla! 14:42
Dave, I'm In A Huge Financial Mess! 22:22
I Think I Made The Worst Financial Decision of My Life! 29:17
You Signed a $1, 800, 000 Loan with a 25% Prepayment Penalty?! 38:07

[rebecca_is_book-hooked]

I listen to these calls to scare myself so I don’t make bad decisions with money. It is enormously valuable to learn from other people’s mistakes.

[karlybyrd]

Nothing like listening to Dave Ramsey to remind yourself that your situation really isn't that bad 🤣

[NewlyWedz]

These dealerships must hate Dave. 😂 I’m $3, 500 away from paying off my car. 1 year early. Lord Jesus, let this car stay pure til you return. 🙌🏼🙏🏼

[willfishing]

I came sooo close to buying a $75k truck about 2 months ago... I mean I was in the finance room about to sign and I got cold feet. 0 down also. I then discovered Ramsey a few weeks ago, and I am SOOO GLAD I didn't buy that dumb truck. I had a moment of clarity and dodged a bullet! I'm on the Ramsey program now! This is a way better way to live, I can already tell

[ParentingIsPlanning]

Thirty-five years ago I was diagnosed with an autoimmune disease. I was warned by the physician that I would be disabled before age 50. He advised me to NEVER buy a new vehicle, to invest in a mutual funds and to prepare.

He was right! We drove a 3rd hand vehicle for 15 years! That mutual fund is doing really well. I’ve had several joint replacements over the years. That was the best medical advice I ever received!

And, I’m listening to Dave Ramsey and still being conservative!

[oglow]

I made the exact mistake the first guy made. I bought a $69000 car in my second year out of university (i make about 200k a year) costing me $972 a month with 12.7% interest accruing. I paid it off within a year and now ive learned a valuable lesson, never buy expensive shit that depreciates over time on impulse

[CheckThisOut]

Impulse buying: Wait. Just take a pic of the item and wait. 95% of the time I lose the desire.

[AdamC]

As Jay-Z once said it. If you can’t buy it twice, you can’t afford it. Outside of a home to purchase, this advice should stick true for everyone in every other category.

[LaChilena]

The biggest decision is who you spend your life with. My biggest mistake was spending ⅓ of it with an alcoholic and being extremely codependent. My greatest win was realizing my situation, getting out, and learning about mental health 😊 you are never stuck in your situation ❤

[trendkill]

I still save $25 to $50 per week when I want to purchase something like a new phone .. till I have enough to purchase the item .. amazing how it changes your mindset when you save the money before buying .. at least 50%+ of the time I talked myself out of the purchase because I didn't want to spend the money I worked so hard to save and made due with what I have

[danieldpa]

My biggest mistake was spending on going out to impress people who were not impressed when I was a young guy in my early 20s.

[jonimitchell]

What Dave said about the emotions catching up is so true. We are debt free, very very comfortable, have a 7 figure net worth and still worry about eating catfood when I am old. We are retired but I still worry. It is so crazy.

[ron]

Its ok to spend a little bit of yesterdays money but never spend tomorrows.

[dominiquejones]

My biggest mistake is going to school and getting a worthless degree that costs me $45K

[paulstandaert]

I did almost 100 miles a day with a $600 car for several years.

[mariahpotter]

My worst mistake is buying a $25k car when I was making $8 a hour and having a $525 car payment which over $300 of it goes straight to interest…still struggling with it and I make $18.35 an hour. Matter of fact I learned if u can’t buy something straight out, don’t ever do it cuz u never kno when u going to lose ur income.

[natashas]

Oh the timeshare call! Went through one of those presentations by myself once- the most scummy sales tactics ever! Basically telling me I was an idiot for not taking their deal and I didnt care about my spouse and future kids. I cried in car on the drive home, but dang it, I didnt get stuck in the timeshare.

[goldengirl]

I'm taking the Financial Peace University classes right now. My husband and I were in the process of getting evicted and a lot of people from our church have helped us out in many, many ways. I lost my job a couple of months ago and we had nothing in savings and someone recommended and even paid for us to take these classes. I got rid of my car and the payment attached to it. I JUST got another job and now I'm planning to take a bicycle and a public bus to and from work and implementing the baby steps.

[trezndawg]

Thank the LORD for Mother's! I wanted to leave college, my sophomore year, and I couldn't see the light at the end of the tunnel. My mama basically said, "Dummy, are you crazy? You need to stay in school because you will graduate without any debt!" I Love my Mother, and I was thankful for earning a scholarship.