Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Mon, 25 Jul 2016 14:07:49 CST 180 Saturday Sunday Employer Retirement Education Plays Key Role in Long-Term Financial Success http://www.daveramsey.com/press-release/employer-retirement-education-plays-key-role-in-long-term-financial-success http://www.daveramsey.com/press-release/employer-retirement-education-plays-key-role-in-long-term-financial-success Tue, 19 Jul 2016 15:07:00 CST A new study by Ramsey Solutions, a leading company in financial education, finds that employees with access to financial and retirement education have less stress, more savings and more confidence than those without access. Dave Says - July 19, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-19 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-19 Tue, 19 Jul 2016 10:07:20 CST Our daughter is a special needs child, who doctors say will live about half as long as the average adult. There's also a good chance she will be under our care her entire life. We just finished Baby Step 3 of your plan ... Buy Here, Pay Here http://www.daveramsey.com/articles/articleList/category/100423/storyid/105586 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105586 Fri, 15 Jul 2016 03:37:50 CST To keep the story short and on point I will be omitting some details (like how I got into this situation. Yes, I never thought this was a good idea but unfortunately this was the best solution for my problem at the time.) I have purchased a 2007 Jeep Patriot from Drive Time back in August of 2014.After being suckered into their "extras" (i was told they could not sell me anything unless I took what they added into the Jeep for their financing .) The ending price was $18k with 20% interest. I have been making payments of $440 a month since then and i have barely made a dent into this nightmare of a loan. I have attempted to go to banks, credit unions and online loan sites lending tree. No one will refinance with me. They offer blue book value for a loan (which is fair) but I am roughly $7k upside down. My question is how do I over come this? I have 2 jobs that i work and the money from the secondary job goes to other debt, mostly legal debt. I am really wanting to get out of a 20% loan and into something that is more reasonable. I doubt there is any place that would lend a person around $15k and then pay them back? The most common advice that I hear is pay extra. My payment is at $440 and I attempt to live below my means but there is a still a real struggle. There has to be a way out of this 20% interest loan. Dave Says - July 12, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-12 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-12 Tue, 12 Jul 2016 00:07:00 CST We're working the debt snowball, and together my husband and I make $93,000 a year. The amounts of our remaining three debts are so close we wonder if we should take interest rates into account ... I Can't Believe I am Finally Debt Free http://www.daveramsey.com/articles/articleList/category/100424/storyid/105563 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105563 Fri, 08 Jul 2016 08:01:10 CST I became debt free by living at Hillcrest Transitional Housing in Kansas City, KS. I got into their program in Dec. 2014. You have to be homeless to get into their program. My roommates were asking me to leave. I couldn't afford a place of my own on my salary. I have been a pharmacy technician for 23 years. But I had taken a job where there wasn't a lot of stress. But it was retail pharmacy in grocery stores. I would be a Full Time Pharmacy Tech Floater. I would work in different stores filling in for pharmacy techs who were off sick or on vacation. So this position didn't pay as well as previous jobs I had. But one little perk was the mileage check for traveling to the stores. While I was at Hillcrest the first three months, it was rent free and utilities free. There wasn't any cable or internet. Having a smart phone helped a lot though. But I got a lot of debt paid off in the first three months. I lucked out and got accepted into their Graduate program. I had to pay an occupancy fee, but no utilities like electricity and water. So I paid off over $17,000 worth of debt while I was there. And it wasn't any credit cards. It was my student loan, my car, and medical debt. We used Dave's budgeting program. We met with a case manager every week, and when I got into the Graduate program, it was every two weeks. My case manager taught me about needs and wants. I had a lot of wants that weren't needs. She was hard on me, but that's what I needed. I used the Envelope System for the majority of my budget. I did pay for some bills online, and I still do. The Envelope System is the best!! I recently downloaded the Every Dollar budget program to my IPad. I really love it!! I had taken the Financial Peace classes through my church Life Group. So I knew about the Debt Snowball effect. I now need to get my emergency fund going. I will admit, I had over $1000 in it. But to move into my own place I had to use a lot of the money I saved. I am still debt free, I really want to stay that way!! I have to say I am more cautious with my money now. American Depressed Card http://www.daveramsey.com/articles/articleList/category/100423/storyid/105562 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105562 Thu, 07 Jul 2016 11:26:19 CST When we started our business in 1985, there was a great waterline project to be designed in Brazil. That meant plane tickets from Pennsylvania and Colorado to Brazil. We were not the only ones who needed to go to the site. Everyone else had employee mentality even though they expected big profits as if they were owners. Eventually the deal fell through because we would not pay bribes to the local officials in Brazil. Guess who was left with $74,000 of plane tickets on a brand new American Express card? I called Am Ex and told them I'd pay the bill but not that month. That took a long time to pay back. Never one word of sympathy or help from the others, just one fellow who threatened to sue us because he thought we owed him a long term job. Dave Says - July 5, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-05 http://www.daveramsey.com/davesays/column/column/dave_says_2016-07-05 Tue, 05 Jul 2016 10:07:38 CST My husband and I have seven kids. What parts of your program work best for large families? 8 years later - still debt free! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105550 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105550 Fri, 01 Jul 2016 01:05:53 CST Today marks the 8th anniversary of this single mom paying off over $100K in car, home, credit card, student loan, and medical debt. I now make over four times the salary I did when I started FPU and my midlife crisis is radical giving! Thanks, Dave! Dave Says - June 27, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-27 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-27 Mon, 27 Jun 2016 12:06:18 CST My parents left their six-figure jobs to enter the ministry when I was in high school. That was 10 years ago, and my mom still regularly asks me to share my money with them ... Leverage Lessons http://www.daveramsey.com/articles/articleList/category/100423/storyid/105532 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105532 Fri, 24 Jun 2016 08:24:55 CST Bought a house on interest only loan for lower payments then rented it out for positive cash flow and finally upgraded to a "nicer house." Life seemed GOOD. Then, the interest costs kicked in and my payments increased to $400+ per month. Ten years later, the net lose was $70K net after selling. Then, I kept the new house with PPI but finally sold it for a 30K net lose. To make things worse, I ran up 19K in CC debt Tto support the rental house and lived on those during a few months during unemployment because I had no emergency fund (I leveraged everything so no cash). Then, I starting to watch Dave's videos and read one of his one book. Now, I have 1K set aside and: Today: Renting. I Sold both houses but lost 100K (both had ongoing repairs and one rental vacancy off/on). CC Debt: Reduced to $3300.00 (better); 16K paid. No Car payment (I want to jump into a new car but staying focused). The deal said, "your payments would only be $425 per month." LOL. Student Loan: 45K and had it for 15 years cause I wanted to lowest payment to "leverage" monthly cash flow for the house listed above (plan to tackle that next). My lesson: DO NOT LEVERAGE MONEY, EVER!! Nothing shameful about moving back home http://www.daveramsey.com/articles/articleList/category/100424/storyid/105531 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105531 Thu, 23 Jun 2016 04:44:07 CST I am a photographer in Missouri and I had a traveling photography job that I loved, but it was putting me further into debt than I could imagine; with hotel costs, gas prices, and cost of food, I was spending sometimes more than I took in from a job. I lived on credit cards for a while, and I was getting nowhere. It wasn???t until I heard Dave???s radio show one night and the simple common sense ways to save money and pay off debt that I finally decided something needed to be done. I made the bold choice to quit that job, and start one that was better paying, and one that I could stay in one city 12 months out of the year. And I also moved back in with my parents for a year or so. I???m in my 30s, and part of the Gen Y / ???millennials??? that this country is full of. I devoted most of my time and resources to paying off the highest interest credit card (24 percent), and refinancing another credit card into a bank loan (from 33 percent down to 9 percent!!!), and making as large of payments as I could. Thirteen months later, I have paid off $15,000 of my $17,000 debt, and I only have a few months left until I can start from scratch and begin saving for an apartment, and other important things. 25 and FREE! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105513 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105513 Wed, 22 Jun 2016 07:45:41 CST This is a story we have been waiting 23 months to share and can hardly contain our excitement that it's here!! It's taking all restraint not to write this entire thing using caps lock. ;) In the spring of 2014 my now husband and I received an early wedding present from my parents, all the materials to attend Financial Peace University. We had heard my parents talk about Dave Ramsey and as new college graduates with a combined total of $55,000 in student loan debt about to get married, we were intrigued. We attended the class with some absolutely fantastic leaders and were ready to get ourselves in financial shape. We got married on July 5, 2014 and made it our goal to be debt free by the time we celebrated two years of marriage. I am a teacher, my husband was finishing up a year of service with the Conservation Corps and would eventually be hired as a research assistant with an agriculture company. We were not raking in the money but we were extremely determined to start our married lives off right. The marathon of paying off our debt included also paying for two, new-to-us used cars with cash because both of our college cars needed replacing during that time frame. It was easy to get disheartened as it seemed the numbers were never getting closer to $0 but we were determined to stay gazelle intense. We referred back to our FPU materials constantly: what does Dave say about this? What does Dave say about that? We followed his advice, and it worked. As we got closer to being debt free and our two-year anniversary mark we could see our goal was in sight but we were maybe going to come up a little short. This was not okay with us. We took a piece of Dave's advice and decided to figure out a way to bring in extra money, even if it was just a little. I took one of my hobbies, making signs, and created my own small business through Facebook/Etsy in November 2015. I did this on the side, continuing my teaching job and we saw success, a little at a time, making meeting our goal possible again. Now, 23 months since the beginning of our debt-free journey and 2 weeks before our two year anniversary: WE ARE DEBT FREE!! $55,000 that we owed to someone else ERASED. Twenty-five years old and our family's financial legacy taking shape; the next steps and finally being able to think about home ownership on the horizon. We are so thankful to God, to my parents for the gift of FPU, and Dave Ramsey for helping change the course of our lives! Dave Says - June 21, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-21 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-21 Tue, 21 Jun 2016 08:06:30 CST I make $38,000 a year working in the trade show industry, and I'm about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I'm wondering how long it should take to save up my three to six months of expenses ... Millennials Outperforming Older Generations in Retirement Readiness http://www.daveramsey.com/press-release/millennials-outperforming-older-generations-in-retirement-readiness http://www.daveramsey.com/press-release/millennials-outperforming-older-generations-in-retirement-readiness Wed, 15 Jun 2016 07:06:38 CST Even though Millennials have had less time to build their retirement wealth, they are already catching up to many of those who are closest to retirement, according to a new survey by Ramsey Solutions, a leading company in financial education. Dave Says - June 14, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-14 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06-14 Tue, 14 Jun 2016 09:06:44 CST My husband and I are retired, we both receive nice pensions, and we owe $46,000 on our home. This is our only debt. I'm 65, he is 82, and we have more than $800,000 in variable annuities, along with substantial cash in savings. We also have $200,000 combined in life insurance coverage ... Long Road to Freedom http://www.daveramsey.com/articles/articleList/category/100424/storyid/105491 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105491 Tue, 14 Jun 2016 06:17:32 CST I started this journey 12 years ago...just writing that feels embarrassing and vulnerable to write. At the time, I was a couple of years out of college and had student loan debt and a new (used) car with a monthly payment. I thought I was doing things right because I never missed a payment. In 2004 when I first heard of Dave Ramsey a light bulb came on and I realized that I was being dumb with my money. I wish I could say that I didn't do anything else dumb with my money, but that wouldn't be true. In total, I ended up with a student loan, starting & stopping my Masters, 2 different car loans, credit card debts and helping family members out. Today I submitted my very last payment to the Student Loan company and I'm FREEEEE!!! After everything, I paid off $52,901...wow!! I'm single and now have the ability to live like NO ONE ELSE with what God has given to me!! The common sense plan really works...just keep sticking with it! Credit Card "Discount{ http://www.daveramsey.com/articles/articleList/category/100423/storyid/105487 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105487 Thu, 09 Jun 2016 03:39:40 CST My neighbor gave us a gift certificate for $50 on Amazon. When I went to order, Amazon offered a credit of $50 if I applied for their cc. So "of course" I applied (STUPID!!!). That left me "only" having to pay $7 for what I was ordering. YEARS later, I'm still paying off that stupid credit card, so that item has cost me thousands of dollars. 14 years in Credit Card Debt!!! http://www.daveramsey.com/articles/articleList/category/100423/storyid/105469 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105469 Tue, 07 Jun 2016 03:48:20 CST Yesterday, my wife and I paid off our last credit card. I got married with about 3,000 in credit card debt 13 years ago, and it has taken us 14 LONG years of our lives to pay off all this debt. Wow, what a terrible ride it has been let me tell you! But we have survived and now I wish I could go back in time, and do it all differently. The actual debt we have paid back is around $30,000 but that does not include the interest, so in theory we probably have paid back around $37,000 in credit card debt. Many of those years we only had a HH income of about $55,000. Yep! Talk about a hard long road. But now, we have a plan: It's called a Budget! And we still have major debt: About 20,000 in Student Loans, and $10,000 in car loans. But with our current momentum, we'll be completely debt free in 3 years from today. 3 more years. That makes 17 years total of stupidity! Man I wish I could go back in time!!! Thanks Dave for all your wisdom, I wish I would have discovered you back in 2002. Dave Says - June 6, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06006 http://www.daveramsey.com/davesays/column/column/dave_says_2016-06006 Mon, 06 Jun 2016 11:06:08 CST My mom and dad filed bankruptcy recently and are on a fixed income of $2,200 a month. They gave up their house, and my wife and I helped them find an apartment. We're also trying to give them other help while they're getting back on their feet ... Dave Says - May 30, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-30 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-30 Mon, 30 May 2016 00:05:00 CST I'm 19 years old, and I'm putting myself through college debt-free. I usually work part time during the semesters, but right now I'm working full time. I have about $2,000 in mutual funds, and I was wondering ... Murphy Tried but Failed http://www.daveramsey.com/articles/articleList/category/100424/storyid/105405 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105405 Thu, 26 May 2016 10:04:28 CST We are debt free as of this month, house and all! No sooner had we paid off the house than we had: 1) a broken cell phone = $180; 2) hail damaged roof and skylight = $1,980 deductible; 3) car repair consisting of new a/c, new motor mounts and two front CV axles = $3,200 - all in less than a week. Can anyone say 'emergency fund'? So glad we were prepared - Murphy's trying real hard to get in our house - not going to happen! :) WINNERS ANNOUNCED IN DAVE RAMSEY’S FINANCIAL LITERACY CHALLENGE http://www.daveramsey.com/press-release/winners-announced-in-dave-ramseys-financial-literacy-challenge http://www.daveramsey.com/press-release/winners-announced-in-dave-ramseys-financial-literacy-challenge Wed, 25 May 2016 10:05:51 CST Ramsey Solutions’ Foundations in Personal Finance announces the winners of the college scholarships awarded in Dave Ramsey’s Financial Literacy Challenge, including a $40,000 scholarship. Dave Says - May 23, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-23 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-23 Mon, 23 May 2016 11:05:34 CST My wife and I are both in our early 20s, we're debt-free, and we're just a couple of months away from having a fully loaded emergency fund of six months of expenses. We both also have 401(k) plans at work, and we're looking forward to starting additional investments later this year. Right now, we're trying to decide on which life insurance policies to buy ... Tough love costs $0 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105366 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105366 Wed, 18 May 2016 02:02:48 CST I'm the oldest of 5 siblings. With being raised by a single father (who's terrible with money), I've always taken more of a maternal and financially responsible role with my siblings. I want to help and see them succeed. Unfortunately, up until recently, I often 'helped' them with money. I've now paid a stupid tax for each of my 4 siblings. Sibling 1: My wait-until-the-last-minute brother waited until 2 weeks before the semester to enroll in community college. He needed $500 to enroll since his financial aid money would wouldn't come in time. I gladly shelled out the money with the agreement that he'd pay me back when financial aid came in. Well, you can't just stop showing up to school after the first few weeks and still expect a check from the government. That was $500 lost forever. Sibling 2: My sister, while in college, was needing a cell phone. She asked me if I could add her to my plan so that both of us could save a little money. I thought it was a great idea! Luckily this was before smart phones, so there wasn't any financing for devices. She purchased a phone, and had agreed to pay $35 a month for the call and texting plan. I only ever received her first payment and was locked into a 12 month contract. $385 stupid tax. Sibling 3: My sister's husband decided to move his family cross country for a job. They were in the process of purchasing a house but they moved 2 weeks before they were able to close on the house. This meant hotel stays. Hotel stays they had no money for because they had no emergency fund, all their money was tied up with the closing of their new house, and their credit cards were maxed. I let them put those hotel stays on my credit card. Two weeks in a hotel is not cheap, but I couldn't let my nephews sleep in the car. And of course, I didn't have the money to pay off my credit card balance so I faced some hefty interest charges for months. They never paid me back, and I don't even know what I paid in stupid tax on this one. And Sibling 4: With all 4 of us sisters now adults with careers and money, we wanted to go on a European trip together. We found an amazing deal, and in order to lock it in, we needed to purchase within 48 hours. So what did I do? Put it on my credit card. It was explicitly clear that everyone had the money in-hand, and could send it to me immediately. Except that my sister lost her job 2 days later and kept the money since it was all the extra cash she had. Even though the non-refundable trip was months away, she never found a way to pay me back. $850 in stupid tax. Conclusion: No matter my good intentions, I was the one left holding the bill. The oldest sibling bank has closed for good. My husband and I have since gotten on the Dave Ramsey plan. We cut up our credit cards, stopped handouts, accepted my stupid tax situations and forgiven those debts, live off a budget, and are just a few months from being debt free. It's been a huge relief and blessing in our life. Dave Says - May 16, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-16 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-16 Mon, 16 May 2016 11:05:14 CST My husband is a recovering heroin addict. He's been clean for two years, but I still feel we shouldn't keep cash in the house or give him unsupervised access to a bank account ... Read those E-Bills http://www.daveramsey.com/articles/articleList/category/100423/storyid/105326 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105326 Wed, 11 May 2016 11:42:45 CST We changed every bill possible to come by email. I used to read these bills carefully to look for stupid stuff AT&T and others would jam into your life. But, when they started coming via email, I just started paying and not reading. Then, our new TV/internet plan "bonus period" ran out and the bill was so high, I looked at the whole thing. I discovered for one solid year we had been paying $50! a month for extra movie channels we are not interested in. We spent $600 last year for absolutely nothing. Read those bills! The Journey to Eliminate $162K http://www.daveramsey.com/articles/articleList/category/100424/storyid/105325 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105325 Wed, 11 May 2016 10:50:49 CST My wife and I just got married in April of this year and are committed to following the baby steps. We are currently in FPU and on baby step 2. Our debt consist of student loans, car loans, and a very small bed &mattress loan. We both eliminated our credit cards, credit card loan ($400 for me and $800 for her), medical expenses ($450 for me) well before we got married. We are both 24 making $104k and looking forward to paying off everything in less than 5 years. We will update you as we progress through the loan repayment and debt snowball. A Retiree That Retired Debt http://www.daveramsey.com/articles/articleList/category/100424/storyid/105327 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105327 Wed, 11 May 2016 01:04:12 CST Hi Dave, I retired in January 2010 at the age of 60. I was tired of working. In addition, males in my family did not live long, so I decided to maximize my golden years. I had $250k in a 401k account and two pensions to draw on. My stay-at-home wife wasn't too thrilled about my retirement. She did some math in her head and informed me that the 401K money wouldn't last very long if we were going to use $15,000 to $20,000 a year to live on. I had to agree with her. I had been listening to your radio program for about a year, so I proposed to my wife that we read "The Total Money Makeover" and get started on eliminating our debt. She agreed. We had been keeping an Excel budget for many years, so that was no big deal. We had very little credit card debt, so getting rid of that was easy. The problem was that in the beginning of 2010 we were about $84,000 in debt from a combination of a mortgage ($55k) and an equity loan ($29k). With a small fixed income, that debt looked huge. We had gone from an annual income of around $85,000 to an estimated $54,000. We finally got completely out of debt 6 years later in April 2016. In the 6 year interim, I worked for 2.5 years at temporary jobs, we sold a $155,000 country home and bought a $112,000 city home, and got the RE taxes reduced. The mortgage on the city home was 5 years at 2.6% interest, and we paid $400 extra per month. Social security kicked in at 62, so that added some money to our annual income. In 2012, we turned over most of the 401k that was left to an ELP in our area for investment in mutual funds. Although that money has not grown as much as we expected (only about 1.6% per year), we still have 87% of the original amount at retirement, so we are in pretty good shape. Today our annual budget is about $64,000. I don't hear people calling your show who are already retired and starting a get-out-of-debt plan, but we were definitely able to do it. We did make some accommodations for our personal needs that you wouldn't have recommended ... needs like allowances, vacation, and meals/entertainment, but we did it in our own way. We didn't do it gazelle-like, but more turtle-like. At 66, I feel much more secure in our financial future. Thanks for leading the way and teaching the essential tools for managing money. I only wish that I had encountered your program much earlier in life. >< Mel No More Credit Cards - Again! http://www.daveramsey.com/articles/articleList/category/100423/storyid/105322 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105322 Tue, 10 May 2016 11:33:55 CST On May 9, 2016, I made the final payment to my Chase Card and that zeros out all my credit card debt. I always learn lessons the hard way. I've been credit card debt free before, but I let life get in the way (taxes) and it racks back up. This time though I'm never using credit cards again. For fun, I logged into my Chase account and tried to make a payment. It was awesome -- got an Error Code 51208 --"no amount due, not eligible for making additional payments". That is my new mantra - Error Code 51208. I want it on a shirt or bumper sticker. This falls under Stupid Tax because I had the credit cards paid off, but used them anyway. The reason I used them is because I didn't have an emergency fund to cover important expenses. My downfall this time was taxes, my wife and I got hit hard this year, and we weren't ready. Apparently, Uncle Sam doesn't like the combined salary my wife and I make, so we're punished. One more thought -- This morning I came up with a great comparison. Getting out of debt/saving money is like loosing weight. If you use your credit card, you will never be out of debt, and if you eat fast food, you will never loose weight. Solution -- don't use credit cards so you can put money away, don't eat fast food and you'll loose weight. I have learned my own lesson, again, the hard way, but will never use credit cards again! ERROR 51208!!!! Gazelle Intensity is Not a Myth http://www.daveramsey.com/articles/articleList/category/100424/storyid/105305 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105305 Sun, 01 May 2016 08:20:13 CST I am so happy to report an update on my situation. I finally finished baby step #2 in March of this year and am in the middle of baby step #3. The gazelle intensity concept is definitely not a myth. Now that my paycheck actually belongs to me rather than my former creditors, I have been able to save $3400.00 cash since then. I am looking forward to completing my $10,000 cash emergency fund by the end of August. Anyone out there, if you are still in BS#2, please do not give up. Dave's program really works. Encouragement http://www.daveramsey.com/articles/articleList/category/100423/storyid/105287 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105287 Wed, 27 Apr 2016 12:52:13 CST Well its been 4 years in the making. I finally have my husband on board with becoming debt free. We're trying to build the gazelle intensity, but struggling. We had filed our taxes planning to use the return to pay off some smaller stuff, then throw the rest at the student loans. However, the student loans were in default, which took the whole thing. Now I have a $450 tax prep bill, no emergency fund (the return was going to fund BS1) and my husband took a new job that's commision only. We decided he should take the position with potential paycut, because it was in his desired career field. We both work full time and I work as much overtime as I am allowed. We have 1 daughter and a dog. Struggling with monthly budgets, how to anticipate miscellaneous expenses, and sticking to it. Between the two of us, we make $40,000 - $45,000. Not a lot of job opportunities with pay increases. With the help of our FPU class we will eventually get there. Prayers would be greatly appreciated as we continue to walk through this journey together. Down 5k! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105282 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105282 Mon, 25 Apr 2016 08:18:23 CST My fiance is in the USCG and I work in an accounting office. His parents told us about Dave and FPU and we were really interested. There was a class being held at their local church, so his parents paid for the class for us and we all went. In NINE short weeks we paid off over FIVE THOUSAND DOLLARS! I'm only 21 and my fiance is 22! We are incredibly proud of how far we have come in just a short few weeks and we can not thank Dave enough for showing us the tools on how to manage and budget our money. We got rid of THREE credit cards! No more plastic for us! We still have a ways to go because of my student loans, but we have been gazelle intense by me working two jobs! We got engaged back in January (2016) and we are getting married in Florida in November without getting into debt! If it wasn't for FPU we would of taken out a loan for the wedding and would still be making minimum payments on everything because that's how our minds USED to work! I recommend this class to EVERYONE. It has changed our lives forever. We are now on a great financial path to start off our marriage on the right foot and I couldn't be more excited! I am truly blessed. THANK YOU DAVE!! xoxo ~Katie We found the fire http://www.daveramsey.com/articles/articleList/category/100423/storyid/105278 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105278 Thu, 21 Apr 2016 10:57:14 CST The greatest Christmas present I have ever received was the "The total money makeover" audio book from my wife. I listened to it traveling 30 minutes to and from work. Having grown up thinking the American way meant payments, I decided to change our family tree. After trying to sell our house for a year I devised a plan full of spreadsheets with future goals and pitched it to my wife. She agreed and we took our house off the market and got to work breaking some chains. We were amazed at the progress we made in only one year as we cut our debts in half. We got so good I started thinking it was me? At the end of our two year plan we were going to put our house back on the market and move up to accommodate our growing family. I made a mistake in thinking it would probably take a year to sell our house, so we put it on the market one year from the day we planned to be debt free. As you can imagine it sold almost immediately and we found and moved into our dream house. With this new house came the new furniture we "needed" along with a lot of other stuff. Before we knew it we were going the other way again. Luckily we were approached to teach FPU at our local church because they knew we were Dave Ramsey believers even though we had taken a personal "short cut". My wife and I said we would do it but had made a commitment to each other that we would not teach things we could not do ourselves. So we made a commitment and started the baby steps again following Daves plan 100% this time which including unplugging our retirement. That still makes me cringe as both our employers does a match. Little did I know how that very fact help keep us on tract so we could plug back in as soon as we were debt free with an emergency fund in place. Through teaching that class we found the fire again and were able to make up the ground we lost and pay off the remaining debt of $40K in only 12 months. We got behind twice and I sold my truck and UTV to get my family back on track. The UTV especially became a shock to my family, friends and neighbors as they all enjoyed it, but we as a family had bigger plans ahead. Part of our commitment was driving 1.5 hrs to Nashville to stand in front of the man with our two daughters and scream "I'm debt free." That's been a year ago and I still watch the video on youtube almost weekly. If you find yourself wondering what the view is like on this side, please trust me, its beautiful. For our family's future and the future of family we have yet to meet, we drew our line in the sand and will never pick those chains up again. Please draw your own line and join us on this side. RAMSEY PRESS BEGINS PRESALES OF NEW BOOK BY #1 NEW YORK TIMES BEST-SELLING AUTHOR RACHEL CRUZE http://www.daveramsey.com/press-release/ramsey-press-begins-presales-of-new-book-by--1-new-york-times-best-selling-author-rachel-cruze http://www.daveramsey.com/press-release/ramsey-press-begins-presales-of-new-book-by--1-new-york-times-best-selling-author-rachel-cruze Mon, 18 Apr 2016 09:04:39 CST Love Your Life, Not Theirs, published by Ramsey Press and authored by personal finance expert and New York Times best-selling author Rachel Cruze, is now available for preorder. RAMSEY SOLUTIONS CELEBRATES NATIONAL FINANCIAL LITERACY MONTH WITH THE TEACHER APPRECIATION GIVEAWAY AND FINANCIAL LITERACY CHALLENGE FOR STUDENTS http://www.daveramsey.com/press-release/ramsey-solutions-celebrates-national-financial-literacy-month--with-the-teacher-appreciation-giveaway-and-financial-literacy-cha http://www.daveramsey.com/press-release/ramsey-solutions-celebrates-national-financial-literacy-month--with-the-teacher-appreciation-giveaway-and-financial-literacy-cha Mon, 04 Apr 2016 11:04:32 CST Ramsey Solutions honors teachers and students across the country during National Financial Literacy Month in April. Along with sponsor Zander Insurance, Ramsey Solutions will host the Teacher Appreciation Giveaway and Financial Literacy Challenge. T. ROWE PRICE ADDS FINANCIAL WELLNESS SOLUTION, SMARTDOLLAR, TO RETIRE WITH CONFIDENCE® PROGRAM http://www.daveramsey.com/press-release/t-rowe-price-adds-financial-wellness-solution-smartdollar-to-retire-with-confidence-program http://www.daveramsey.com/press-release/t-rowe-price-adds-financial-wellness-solution-smartdollar-to-retire-with-confidence-program Wed, 24 Feb 2016 09:02:19 CST T. Rowe Price, an industry leader in retirement plan and investment services, today announced that Ramsey Solutions’ SmartDollar, an online financial wellness solution, will be available to clients for integration into its Retire With Confidence® program. MORE THAN 1 MILLION USERS BUDGET WITH EVERYDOLLAR http://www.daveramsey.com/press-release/more-than-1-million-users-budget-with-everydollar http://www.daveramsey.com/press-release/more-than-1-million-users-budget-with-everydollar Wed, 27 Jan 2016 09:01:01 CST Ramsey Solutions’ EveryDollar has surpassed 1 million users just ten months after its official launch. “THE DAVE RAMSEY SHOW” PODCAST TOPS AMONG TALKERS http://www.daveramsey.com/press-release/the-dave-ramsey-show-podcast-tops-among-talkers http://www.daveramsey.com/press-release/the-dave-ramsey-show-podcast-tops-among-talkers Tue, 19 Jan 2016 15:01:43 CST Averaging more than 2 million downloads per week “The Dave Ramsey Show” was recently recognized by Time magazine as one of the Top 10 Podcasts on iTunes in 2015. CHRIS HOGAN REDEFINES RETIREMENT IN HIS NEW BOOK RETIRE INSPIRED http://www.daveramsey.com/press-release/chris-hogan-redefines-retirement-in--his-new-book-retire-inspired http://www.daveramsey.com/press-release/chris-hogan-redefines-retirement-in--his-new-book-retire-inspired Mon, 11 Jan 2016 14:01:54 CST Financial expert and speaker Chris Hogan has authored the new book Retire Inspired to change the way people view saving for retirement and equip them with the knowledge and know-how to properly prepare for long-term financial success. Ramsey Solutions Closes on Property in Williamson County http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county Wed, 28 Oct 2015 14:10:57 CST Ramsey Solutions has closed on the southernmost 47 acres of land in the Berry Farms development of Williamson County. $54,000 In 17 Months! http://crc.daveramsey.com/?event=dspTestimony&intContentId=9479 http://crc.daveramsey.com/?event=dspTestimony&intContentId=9479 Tue, 18 Mar 2008 00:03:00 CST In total, we paid off <b>$54,000 in 17 months!</b> Thanks Dave for your ministry! The crowns you will be able to lay at the Masters feet one day will be incredible! Single Dad Now Debt Free! http://crc.daveramsey.com/?event=dspTestimony&intContentId=9474 http://crc.daveramsey.com/?event=dspTestimony&intContentId=9474 Tue, 18 Mar 2008 00:03:00 CST Dave, <b>I did it</b>!!! As <b>a single father</b> of 2 wonderful boys (ages 5 & 7), I thought it would be impossible, but 24 months later... <b>I'M DEBT FREE!!!!!</b> I Can't Wait to Lead My Own Class! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10112 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10112 Fri, 20 Jul 2007 00:07:00 CST Jenna just graduated from FPU, but she's already looking forward to leading classes in the near future! We Are Now Better than We Deserve! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10126 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10126 Fri, 23 Mar 2007 00:03:00 CST Our only regret is that while watching the FPU videos over and over, we realize how much stupid tax we have paid! We learned to buy only big, big bargains! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10135 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10135 Wed, 10 Jan 2007 00:01:00 CST FPU Coordinators Joe and Alicia describe the blessings they have received since finding Financial Peace. I Committed My Life to 2 Things http://crc.daveramsey.com/?event=dspTestimony&intContentId=10141 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10141 Wed, 23 Aug 2006 00:08:00 CST Rick shares his testimony and journey of committing his life and being an FPU coordinator. FPU Is A Great Way To Meet New People! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10142 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10142 Thu, 27 Jul 2006 00:07:00 CST The McCords attended FPU at a different church in the community and have benefited from the course in multiple ways! FPU Taking Living to the Next Level http://crc.daveramsey.com/?event=dspTestimony&intContentId=10148 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10148 Mon, 20 Mar 2006 00:03:00 CST After FPU took Stephanie's "commitment to debt-free living to the next level," she lead a course and now shares an incredible story from a couple in her class. Online Potluck Highlights http://crc.daveramsey.com/?event=dspTestimony&intContentId=10152 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10152 Tue, 29 Nov 2005 00:11:00 CST Here are a few of the stories from the celebration for you to enjoy. You can read them all by signing into the Community and entering the Fellowship Hall. No AC? No Sweat, thanks to FPU! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10153 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10153 Tue, 04 Oct 2005 00:10:00 CST "I am SO thankful that the course was offered at my church and that I had the opporunity to enroll." Emergency funding through sale? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131405 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131405 2016-07-20 14:23:15.45 Justin and his wife are wondering if it would be a good plan to complete their fully-funded emergency fund through the sale of their home. Dave walks them through a couple of scenarios to make sure they're on the right track. Rental runaround https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131395 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131395 2016-07-12 11:10:44.043 A rental car company gave Michelle and her husband a hard time and some bad information recently, when they tried to use their debit card. She tells Dave about the ordeal, and he's not impressed with the experience, either. Learning and living https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131392 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131392 2016-07-08 10:55:53.55 Joan was left in great shape financially after her husband passed away. He handled most of the finances when he was alive, so now Joan is trying to learn more about the wealth they accumulated and how to move forward. Dave and his guest, Chris Hogan, offer advice and support. It's okay to buy the car https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131390 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131390 2016-07-06 09:53:26.253 Brandon and his wife are in good shape financially, but they're worried about retirement. They ask Dave if they should use $22,000 they saved for a newer car, or hang on to some of it for when they retire. Dave assesses their overall situation, and gives them his opinion. How much? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131386 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131386 2016-06-30 09:22:28.81 John wonders how much we will need to live comfortably after retirement. Dave gives him a quick way to determine the amount, plus some extra advice for making the process even easier. Nothing from government is free https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131374 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131374 2016-06-20 00:00:00.0 Dave reads a news story on the Swiss government voting down the idea of a guaranteed monthly income. In his comments, he addresses socialism, communism and Marxism, reminding everyone that there really is no such thing as "free" when it comes to government. Emergency fund motivation and retirement https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131350 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131350 2016-06-09 15:25:01.513 Donna is concerned about maintaining motivation while she saves up for her emergency fund. She's also worried about retirement. Dave addresses both, explains the reasoning behind the Baby Steps, and offers some encouragement. Outrageous generosity or foolish overspending? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131349 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131349 2016-06-08 09:37:02.377 Josiah wonders when "outrageous generosity" crosses the line and becomes foolish overspending. Dave's gives him some guidelines to consider, and includes biblical principle in his response. Drain savings to pay debt? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131332 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131332 2016-06-01 11:43:51.227 Neal has lots of money saved for several different reasons. The problem is that he also has a lot of debt. While he has done a good job of saving, Dave walks him through his philosophy, the Baby Steps and explains what he would do in Neal's situation. I invented that later https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131313 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131313 2016-05-18 10:39:12.64 Tiffany follows Dave on Twitter. She writes in to ask what he did to celebrate becoming debt-free. The answer might surprise you!