Cleaning Up A 20 Year Financial Mess Takes Time | March 14, 2024

The Ramsey Show (March 14, 2024)

Dave Ramsey & Dr. John Delony answer your questions and discuss:
- "What should I do financially after paying off debt?"
- "Should I sell my rental property if I'll pay $220,000 in capitol gains?"
- "How can I stop living paycheck to paycheck?"
- How to move past the shame of poor financial decisions
- "My pregnant ex is moving out of state - should I move too?"
- Why you shouldn't share ownership of a house with your kids just because they can't afford to buy one the one they want instead of what they need
- Dave Ramsey gives an update on the current state of the real estate market
- How to save up to afford a surgery while in Baby Step 2

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[heavyd]

I've been listening to Dave for 20 years. It took me 10 years and a good woman to start applying the principles. Been debt free for 6 years after decades of debt!

[Baldwin]

Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.

[TheCookieFranco]

I have to listen to this show in my car during my lunch break because my colleagues think it’s impossible to debt free lol.

[alexisballard]

My FAVORITE callers are the ones that spend an entire minute explaining themselves, then say “My question is….” then proceed to explain away their life for another minute followed up by no question 😅

[JSmith-djpi]

My wife and I found out we were having a baby while we were dating.

She had some absolute crazy hormone swings, but i looked past all of that and did everything in the world to make it work and help her.

20 years later, we have two kids, shes my best friend and the kids drive us both mentally insane, lol

The lesson should be you stand by the mother of your child and do whatever you can to make it work. Especially now in his case.

[brandihoule]

Give yourself Grace on the 1st month of the budget. I didn’t realize how badly I needed to hear that. I am also in the first month of our every dollar app. My hands are shaking.

[homeboy]

Love that: "the rear view mirror is smaller than the windshield" lol

[homeboy]

Dave knows his stuff. I don't agree with him on everything but he has been successful in business. Good for him!

[JupiterN]

I appreciate the advice to manage my finances like I was doing it for someone else or a company. Remove the emotion from it.

[nicoleblake]

I only make about 35, 000 a year. I didn't finish my degree. Im looking at getting a second job for my evenings and weekends to hopefully bring it up to 50, 000. I have diabetes and am in chronic pain. If I can do it, almost anyone can!!

[timchow]

“Worshipping your TINY portfolio of $3 million dollars” LOL - Dave with the smackdown. Way to humble people!

[bonniehalf-elven]

The kid with his ex and a baby on the way should also insist on a DNA test before his name goes on the birth certificate and he takes any financial responsibility for this. They both seem pretty immature, so I wouldn't put anything past her, either.

[allisonolcott]

Dave, when you’re not getting mad at people you have some great advice. 😂

[homeboy]

Lol! Like a Baptist looking for a casserole! Gotta love that church potluck

[Trustbutverify]

Kimberly, since it takes about 3 months to get used to a budget, I do the every dollar a little differently. I put in the income, then the fixed expenses, and then there is some left at the top and I like having that extra margin at the top and then as unexpected things come up, I enter those categories and we don't go over. For example, just this week our daughter and her husband and children arrived for a surprise visit. It was fun to take them out to dinner a few times and also treat them to some special activities. That was not in the budget - and would not have been if I had nailed down every dollar in advance. However, because there was margin still at the top for the "unexpecteds, " then we had money to enjoy all that with them and enter a "Surprise Visit from Kids" category in the budget and still not go over. After a couple of months you can generally get the categories nailed down, but it's still nice to leave that margin without allocating every dollar. Every dollar also lets you look back to last year so you can be reminded of categories you forgot, perhaps those that are just paid once a year or once a quarter.

[eileenwatt]

I remembered Larry Burket. I listened to him and bought his savings bank and taught by God child how to save. Now she has twins and we would like to teach her kids using the same method. The bank is not available anywhere.

[lightlightlight]

Dave I love that shirt on you ! Nice one ☝️

[InspirationLed]

I love your croc-pot analogy! 😂 food always tastes better in those things! And I literally don’t own a microwave so my literal and financial metaphorical life are matching up nicely! 🎉lol

[jblock]

Like the millionaire hour. Everyone started at low income when they were 20. 15 years later they are making 250-300k. Sounds hard to have a 1.2 million dollar net worth with a 300k income. Boy really shows us middle class how easy it is to get there!

[yeseniaarballo]

Fishing & golf; you’ll just get FAT, don’t do it. Got it 😂😂