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Provided by MyTotalMoneyMakeover.com
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Setup the software to check for new podcasts. Open the Juice software and click the "Status" tab. Copy the Dave Ramsey feed located above, in red text. Then, paste the feed into the "Add feed manually" window and click "Add."
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Dave: Wanna stand out? Bring Excellence to the ordinary...EVERYDAY!
Blake: A Cornell Univ. study found people splurge to cheer themselves up & are more likely to use credit cards to finance this behavior.
Dave: Children do what feels good, adults devise a plan and follow it.
Dave: Winning companies are intentional about communication. Your goal: Create an entire CULTURE of communication.
Blake: Harrison Group researchers found Costco and Target were the favorite stores of the wealthiest Americans.
Blake: Washington St. Dept of Financial Institutions found 40% of Americans say they are living beyond their means. (30 more % lied)
Blake: Bank of America lost to BP as "Worst Co. in America" by less than 1% by voters @consumerist (keep ur head up, you'll get em next yr!)
Dave: Key question for decision-making: Will a "yes" cause me to lie or hide the truth at all? If so, the answer must be "no."
Steve: How to write a break up letter to your credit cards; great article on daveramsey.com
If you've still got some credit cards lying around "just for emergencies," it's time to break up with them. Today.
Steve: Ever visited Dave's online store? It's got everything to help you get out of debt and help others!
Blake: 17 mil. Americans w/ college degrees are doing jobs that require less than the skill levels associated w/ a bachelor's degree. -NAF
Dave: Work is doing it. Discipline is doing it steady, Diligence is excellence everyday with discipline. The DILIGENT prosper.
Dave: One definition of maturity is learning to delay pleasure.
Meg Meeker: What Does the Mother in Your Life Really Want from You? The answer will definitely surprise you.
Dr. Meg Meeker shares exactly what the mother in your life needs from you - her husband, son or daughter this Mother's Day.
Rachel Cruze : How To Survive College - Prepare high school graduates before they set foot on campus!
For many high school graduates, college is the next step, and the future is bright. That's the good news. The bad news is that too many students step on to a college campus without a clue about how to handle money. Find out how you can help change that with this new high school graduation gift!
Dave: You know why most employees aren't loyal to their company? Because most companies aren't loyal to their employees.
Blake: 61% of couples say discussions about household finances lead to arguments. -Kiplinger's (Other 39% listen to The Dave Ramsey Show?!)
Blake: A recent study by ComPsych reported that a staggering 92% of Americans are losing sleep over their finances. #financialpeace
Blake: Federal Budget vs. Household Budget: How Do They Compare? By @Dave (this is REALLY good)
Dave Ramsey thought it'd be fun to turn the astronomical national debt figures into something we can understand a little better — like a household budget.
Blake: People who pay with cash save approximately 20% over those who pay with credit. -National Foundation for Credit Counseling
Adriana in Los Angeles is 76 and has $30,000 in credit card debts. She also has a $17,000 home equity line of credit with 3.5 years left on it. She doesn’t have enough money to pay these bills and is in collections. She makes about $28,000 a year. What would Dave do?
Matt on Twitter wants to know at what net worth he should consider umbrella insurance. Dave explains.
Robin in California has been a truck driver for several years and has an LLC. He wants to start his own company but doesn’t have the cash to purchase a tractor and trailer. He has $20,000 saved. Dave talks through some ideas with Robin to get this business started.
Jason in Texas says his wife just graduated from college with $28,000 in student loans. What’s the best way to tackle these loans?
Joey and Rae Marie in Financial Peace Plaza are debt-free! They paid off $40,000 in 32 months making $91,000 a year up to $100,000 a year. Joey is a CPA, and Rae Marie is a social worker in a school. Most of the debt came from student loans. The hardest sacrifice was giving up restaurants while they worked their way out of debt.
Michael in New York lives with his disabled father. Michael owns a business and has no debt. He has about $300,000 total. His dad owes $475,000 on his house, but it’s only worth about $200,000. What should he do to help his father out of this mess?
Joe in North Carolina found out a collection agency put a lien on his credit report. It was a leftover fee from an apartment he lived in, so he called the collection agency and was told he has to pay them instead of the apartment complex. Is that legit?
Nick in Seattle and his wife would like to start the Baby Steps but don’t know where to start. They have about $18,000 in debt and tired of living paycheck to paycheck. Dave explains how to get started.
Alex in Tucson is calling because his mother-in-law just asked he and his wife to take over a life insurance policy she’s had on his wife since she was born. They don’t want the insurance. Dave thinks they should just cash it out.
Therese and Wayne in Oregon are debt-free! They paid off $157,000 making $97,000 a year in three years. They paid off their house! They’ve passed this legacy on to their two sons already.
Shane in Detroit is 42 and drowning in debt. His house is worth about $150,000, and he owes $72,000 on it. He’s considering bankruptcy due to some consumer debts. Is Shane bankrupt?
Dave talks about the need to understand where and why you’re investing money in a particular investment.
Judy in Denver and her husband are 58 and retired. They’re considering long-term care insurance since Dave recommends getting it at 60 years old. Their financial planner recommended against it. They have about a $1.8 million nest egg. Dave talks through the risk with Judy.
Matt in Oklahoma City and his wife have about $63,000 in the bank, and they owe $47,000 on their house. Matt is considering paying off the house early, but he’s concerned about Murphy moving in once he does. They make $100,000 a year, and the home is worth about $250,000. Dave advises matt to pay off the house today.
Susan in Maryland is a single mom and gets $36,000 a year in alimony, which doesn’t include child support. She’ll get the last payment for that in May 2015. She maxes out her retirement contribution with an employer match. She makes $92,700 a year. Should she be investing more before the alimony ends?
Tara in Florida is 23 and a single mom who just graduated with a two-year degree. She needs to put her child into preschool but can’t afford it. Should she get a part-time job or get a student loan to pay for preschool?
Dave reads comments from listeners.
Joseph and Shelly in Financial Peace Plaza are debt-free! They traveled to Nashville from Texas to celebrate after paying off $200,000 in 4.5 years making $160,000 a year down to $40,000 a year back up to $120,000 a year. It took a while to get Shelly on board with the plan before they could begin digging their way out of this mess.
Brittany in Dallas is a full-time mom, and she and her husband are living off her husband’s income, which is about $20,000 a year. They’re taking Financial Peace University for the second time and are on Baby Step 1 again. They’re selling everything they can. How can they continue living on just her husband’s income?
Ashley in Muscle Shoals has $192,000 in student loans. She is getting a math education degree and will be a teacher. When she graduates, she and her husband will make about $105,000 a year. How do they begin to get out of this mess?