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The Ramsey Show (July 18, 2023)

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[rdmineer]

I worked 8 years at Sallie Mae, and the best advice I can give is never consolidate Federal Student loans, because then they become a single education mortgage. Also, that can change opportunities like deferments and forbearances that you might need along the way. There are many, know them all.

What's more important is if you leave them as individual loans you can use Dave's Debt Snowball Maneuver on them. For example, if you have four separate loans, you face four smaller targets. You can pay the minimum on three and hammer the fourth one until it's dead.

But, pull them up online and direct the payments yourself, because if you just carelessly send a single payment it is routinely divided between all loans. Same affect, technically, but I'd rather face a gang of hoodlums one-on-one.

[angelicas.keyser]

I am a teacher, and on my way to becoming a millionaire. I completely agree with Ken that teachers love their jobs and focus on serving the children, their families, the community, and society. Thank you, Brad, for that question!

[ChadWiebe]

I have had the pleasure of meeting Paolo & Elizabeth, so inspiring!!

[ajaydhingra]

The best from Ramsey till now “Toddlers can turn a car into nuclear waste zone”. I have twin toddlers and I agree with him 200%

[chrisforeman]

Recently discovered this pod, luv it. Hooked. Great advice

[lovingthebeach]

Teacher, not married, in fact divorced him because of his money practices among other things. I am a millionaire. Every property paid off, primary, vacation, and rental. No debt. Got a great pension and 403b, and Roth waiting in a couple of years, love my job but it's time to hand over the reigns and try something else. It was all about living below my means, but within my needs, budgeting and NOT trying to keep up with the Joneses.

[Hankandrex]

that first caller who pulled out her retirement to buy a house .... i felt like I was in a consultation with a potential bankruptcy client. I also wonder if her hospital bills have started rolling in

[amandae]

Never heard of Nate, Nathan, Nathaniel 170% 😂.. new fan!!!

[rdmineer]

Why the rush? Besides having 9-10 months to plan, how much space does an infant take up? About one forearm. A new mortgage is a new indenture to another bank. It's the we make this much so we should have this much mentality. If I was bringing in $155k I'd be living on the 55. See how that would work out?

[southerncali]

45:20 Dave, don’t ever disrespect a Toyota Camry like that. That car will be the on the roads longer than we’ll be on this earth.

[LotusRise]

Wish I had come across David a few months ago. I'm so stupid to take out from 401k. Definitely, lesson learned the hard way.

[jcszot]

Keep that Toyota! My sister and brother-in-law have a Toyota RAV4 and it has 242, 000 miles on it and it’s still running like a champ! I would not accrue any debt while going to FREE scholarship funded dental school. That Toyota is going to be just fine. Just think of the vehicle you will be able to buy when you’re done with dental school and free of educational debt!

[Mizius]

52:40 ... im 28 and i go to peoples homes and pickup their old tv's to be recycled. they joke but there is a guy out there doing it!

[EmmerTheSimmer]

Yes, the little payment does decrease your overall payment on your student loans

[MT-giwp]

i drove a used 1997 corolla until it reached 289, 200 miles. i then bought another used 2015 corolla cash to hopefully be my last car. i am in baby step 7 and can afford more, but cars are a waste of money to me. you can’t go wrong with a toyota.

[denisesimons]

Nate and Dave together!!!! I almost stopped the car. I listen to both EVERY week. I told my husband I have too much testosterone in my life! Dave keeps me on financial coarse and Nate keeps me laughing!

[monicadhenderson]

The Grammy Comedian hair is soooo Handsome!! Looks good on him!!!

[pamkay]

Glad I was tuned in today. The info on UPS is interesting.

[Camille_Moscow]

This lifestyle may be beyond my reach, but it's still enjoyable to watch and dream.

[paulajeffrey]

I am creative, I build cupboards (primitive American style ) I will make money, buy a house for cash and build at least People like my cupboards, just needs to get them built faster. I'm saying being creative us mot stopping me. I use the Ramsey show to push me.