Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Sat, 25 Oct 2014 23:10:13 CST 180 Saturday Sunday DAVE RAMSEY’S THE LEGACY JOURNEY OFFERS A RADICAL VIEW OF BIBLICAL WEALTH AND GENEROSITY http://www.daveramsey.com/press-release/dave-ramseys-the-legacy-journey-offers-a-radical-view-of-biblical-wealth-and-generosity- http://www.daveramsey.com/press-release/dave-ramseys-the-legacy-journey-offers-a-radical-view-of-biblical-wealth-and-generosity- Tue, 21 Oct 2014 09:10:51 CST New York Times bestselling author and nationally syndicated radio talk show host, Dave Ramsey releases The Legacy Journey, the new book that takes readers deep into God’s Word revealing His perspective on wealth. Fathom Events Brings New York Times Best-Selling Authors Dave Ramsey and Rachel Cruze’s ‘The Legacy Journey’ to Select Cinemas Nationwide on November 19 http://www.daveramsey.com/press-release/fathom-events-brings-new-york-times-best-selling-authors-dave-ramsey-and-rachel-cruzes-the-legacy-journey-to-select-cinemas-nati http://www.daveramsey.com/press-release/fathom-events-brings-new-york-times-best-selling-authors-dave-ramsey-and-rachel-cruzes-the-legacy-journey-to-select-cinemas-nati Mon, 20 Oct 2014 13:10:43 CST Inspirational Event Will Focus on Keys to Building Wealth, Raising Financially Savvy Children, True Generosity and More Dave Says - October 20, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-20 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-20 Mon, 20 Oct 2014 12:10:50 CST My husband will be leaving his full-time job in a year so he can go back to school full-time ... Dave Says - October 13, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-13 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-13 Mon, 13 Oct 2014 14:10:51 CST I'm in college, but I'm not the typical college student ... 2nd Anniversary http://www.daveramsey.com/articles/articleList/category/100423/storyid/102375 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102375 Fri, 10 Oct 2014 01:05:19 CST This October our family is celebrating our 2nd Anniversary of becoming debt free. In short, in Nov 2010 our family was 50K in the hole. By Oct 2012 we were DEBT FREE and never looked back. Now 2 years after becoming debt free, we have 30K in savings, college being funded for our children, and are contributing to our roth IRA's. To anyone out there on the fence about doing this plan, we are living proof that it really does work. I thank the Ramsey Team every day I wake up for their work. And good luck to all of you. Debt Dumped (Back on Myself) http://www.daveramsey.com/articles/articleList/category/100423/storyid/102313 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102313 Wed, 08 Oct 2014 09:09:13 CST I had an inheritance come through a couple years ago. Initially all the money was spent on dumping the debt. Then I got persuaded into spending some of the money on a cash-value insurance (stupid because I didn't have all my debts dumped). Then after taking Dave's class I decided to take the money back from that insurance policy and finish dumping the debt. Unfortunately, I didn't pay enough attention, and took it out as a loan at 8% interest (OUCH!). Then I got hooked into another financial plan, and sunk further into the debt we're all trying to get away from. Now, I'm co-hosting a class, and rededicated to eliminate all that debt. Grateful For The Plan http://www.daveramsey.com/articles/articleList/category/100424/storyid/102319 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102319 Wed, 08 Oct 2014 01:38:48 CST My husband and I are 29 and 28. We have been married for 9 1/2 years and have two little girls. Back in 2010 we were in a huge financial mess because of overspending and living on credit cards. We had also recently acquired a car payment that was a bit higher than we were used to. One night I sat down and totaled everything up and including my SUV it was over $28,000 spread out over the auto loan and 7, yes SEVEN, credit cards! I immediately got that feeling that most of us on here have probably experienced. The hot sweaty sick to your stomach what have I done to us feeling! To say the least it wasn't a good night. After talking it over with my husband we decided right then to cut up the cards and start paying off the debt. When I get my mind set on something it's hard to deter me from that. We cut out pretty much all eating out. We already never bought each other gifts but we took it a step further and didn't buy anything that wasn't absolutely necessary. People probably thought we were crazy but we knew that we had gotten ourselves into this mess and we were responsible for getting ourselves back out. We used every extra bonus or money gift that we received to pay towards our debt. We also put our whole tax refund other than enough to pay our property taxes towards the debt. It became so much fun for me to keep a running list of how much we owed and how much we paid down each month. It wasn't always easy. Some months we didn't fare as well as others but we knew that we would get there if we just stayed focused. I have to say that it makes all the difference when your spouse is on board with the changes you make and the goals you set. Fast forward to 2013. We paid off the last of our credit card bills and Dr. bills. The only debt we had left was my SUV and our home. On Valentines Day my husband was involved in a serious car accident that required him to be flown to the MED in Memphis. We were there for 12 days and he was out of work for 4 1/2 months all together. Had we not reduced our debt as much as we did we could have never lived off the short term and then long term disability we received while he wasn't working. I went back to work but was only getting 20 hours a week at $7.25 an hour so you can do the math and see that it wasn't much help. Luckily we were blessed with amazing attorneys that were eventually able to get us a substantial settlement from the accident. Because we had already been working so hard to become debt free we knew exactly what to do with the money. We replaced my husbands truck with one that was completely paid for with cash and paid off our then current home. We also decided to build a new home that we have always wanted to have someday on land that we own so we did that without having to take out a mortgage. Had we not decided years ago that we wanted to change the life of ourselves and our children we may have chosen to squander that money away on frivolous things instead of investing it in a home we can live in mortgage free for the rest of our lives and we still have about 10 months of living expenses saved up. I know God put the desire and drive in me to become debt free because He knew what was ahead for us. It amazes me to look back at where we were financially a few short years ago and where we are now. It wasn't always an easy path but I wouldn't change a thing about how it turned out. God is good all the time! Dave Says - October 6, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-06 http://www.daveramsey.com/davesays/column/column/dave_says_2014-10-06 Mon, 06 Oct 2014 11:10:23 CST My husband and I recently inherited my parents' home ... Trying To Build A Home http://www.daveramsey.com/articles/articleList/category/100423/storyid/102246 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102246 Fri, 03 Oct 2014 11:52:21 CST Husband and I had only been married for three years. We decided to buy our first home. For sale by owner sounded good to us. Rent to own sounded even better. We found an owner of a large four bedrooms, two baths and even a pool. At two thousand a month, sounded perfect. NOT! After one month, my husband really looked over the agreement and saw that we wouldn't start building equity for five years. Education Loans, Be Gone! http://www.daveramsey.com/articles/articleList/category/100424/storyid/102248 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102248 Fri, 03 Oct 2014 01:00:40 CST My wife (22) and I (25) married in February of this year and she brought with her $18,000.00 in Education Loans. We set up a budget and decided we were going to get rid of this debt, our only debt, as fast as possible. My wife and I live at a Christian Camp (she works there) and we receive free housing and meals if the dining hall is open. This is huge because we have almost no living expense! We decided to live off of her salary and use mine to cash flow the education debts. We currently make $51,000.00/year combined ($32,000 and $19,000) and were able to pay $2,000.00/month on our debt. 9 months later (October) and we are just about ready to make our final payment at the end of the month! One of the things I'm most proud of is that we were still able to budget at least 10% of our salaries to the church and/or missions. We are now on Baby Step 4. I already had a Roth IRA set up before we got married, but now we'll get one set up for her too. We have no kids and no house, but plan on having a separate funds for those because we expect them to come in the next few years. Other than that we plan on building wealth and living like no one else so we can live and give like no one else! Coffee's not that great a deal http://www.daveramsey.com/articles/articleList/category/100423/storyid/102187 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102187 Tue, 30 Sep 2014 10:26:24 CST There's a little convenience store near my home where my husband buys his coffee for 89 cents every morning. It's never bothered me before because "it's just 89 cents" which is cheaper than the coffee shops in the area and is still a quality cup according to him. On top of this, we didn't have a coffee maker so it was easy. We have really been focusing on our budget and this week while shopping for groceries I was checking out prices of flavored coffee grounds in the store. The brand he likes was on sale this week and I did some fast math. The can of coffee $3.99. (one can lasts approximately 10-12 days) The cost of a basic coffee maker $16.56. (this includes tax) Total: $20.55 for the first two weeks of coffee and then $5.00 every two weeks thereafter. Stupid Tax way? 89 cents every day since the store opened in April. $189.57 (that's not factoring in the days he got a second cup!) CRAZY!!! Debt free college and 100K salary http://www.daveramsey.com/articles/articleList/category/100424/storyid/102176 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102176 Mon, 29 Sep 2014 11:07:21 CST I wanted to write this short letter to share my story so that I can hopefully show others a real world scenario of how success can be achieved without a big college fund and starting from hard times. Growing up my father was on disability and my mother made just over minimum wage. Both of my grandparents really helped on both sides in providing basic necessities. My mother was an alcoholic and my father struggled with multiple mental disorders. They were divorced by the time I was 6 and my father had to live with his parents in a neighboring state. I graduated high school with a B- average and was accepted to a state school just 30 minutes from home. I wasn???t a genius or any type of academic star by any means. Just a normal high school kid who partied on the weekends and didn???t take any advance courses. I declined an offer to go to a private Christian school because of the 30K a year tuition costs. I lived at home my first semester of college but had to find a way to get out due to my mother???s drinking issues. I had 10K saved by my grandmother for college but stupidly wasted it on expensive housing and eating out my second semester of school. Out of cash I found a sales job where I could work 30 hours a week and make 35K a year. I went to school full time two days a week and took classes from 10-8. My sales job taught me people skills, negotiation skills and showed me that I could achieve success on my own. I was inspired by Dave Ramsey and this concept of living debt free opened my eyes. The summer after freshman year my father took his life. I knew I had no one to fall back on and continued school and worked my sales job until graduation. My senior year I decided I wanted to pursue a lifelong passion and become a commercial pilot after graduating. I researched schools and planned on attending flight school after graduation. The military was laying off pilots at the time so private pilot school was the only option. I discovered that it was going to take about a year of training while not working and $70,000 to get my licenses. In addition the average starting salary was $30,000. I had to make the decision to not pursue my passion because the cost of the program, the lost income from not working a year and the small salary would bankrupt me. I instead decided to pursue flying as a hobby and to target to have my own plane one day. I think that decision and the decision to never buy expensive cars has made me wealthy. Once I graduated I was debt free, had a great business degree, three years of real world experience and was selected to be a sales manager at the same company I worked at throughout college. I will say I missed out on the fraternity life, campus life and other extracurricular activities. However I came out with a job that paid $60,000 a year, I was debt free and I was learning valuable skills as a manager with direct reports. After two years of being a sales manager I moved to a much better company and started out making 85K in sales. I did that for two years and became a project manager within the same company making 100K. I???m now 27, I live debt free and my wife and I are able to travel, have the things we want and most importantly help others. Save 40% on monthly cable expenses! http://www.daveramsey.com/articles/articleList/category/100423/storyid/102180 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102180 Mon, 29 Sep 2014 02:07:54 CST We were paying $150 a month on cable and internet. We decided to drop cable and add Netflix and Hulu on an Apple TV (Apple TV is a one time $99 purchase). Now, our internet bill is $54, Netflix and Hulu are $10/each per month so we pay roughly $80/month after taxes for all three. That's a savings of $70 a month. A reminder that the little things add up. Dave Says - September 29, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-29 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-29 Mon, 29 Sep 2014 00:09:00 CST Can you explain the "asset allocation" theory when it comes to investing? 1st Year of Debt-Killing http://www.daveramsey.com/articles/articleList/category/100424/storyid/102173 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102173 Sun, 28 Sep 2014 09:00:52 CST My husband (24) and I (23) were in a financial rut. Okay, okay. We were in financial ruin. I found myself at the grocery store with bottles of baby food for our 5 month old and a declined debit card and maxed out credit cards. (Our child did not starve.) :) I left the grocery store embarrassed and knew we needed to change. That same day I dusted off the TMM book off the shelf and read from front to back in one day. I suggested to my husband that he should read it. He listened to the audio book in one day. We were officially on board September 1, 2013. Fast forward a year later on September 1, 2014. We've paid off $14,500 in one year making 55k. (I am a Stay-at-Home-Mom.) During this time we also purchased a used 2001 Honda CRV for $3,900. We were previously a 1 car family. I am AMAZED at how we did this! The numbers shock me! But we have financial peace more than we ever have! I don't worry about one of us getting sick because of the emergency fund! In fact, we are expecting our second baby March 2015. We have halted our debt-snowball and are rapidly saving money. I don't have to worry about being able to pay for this birth because I know we'll have the finances in order! We still have $42,000 to go. (1 car and 36k of student loans) Which feels like a big hurdle to jump through... but I know we are well on our way. Hopefully, we'll do our debt-free scream in 2 1/2 years or less! I have a very small blog just for friends and family and whomever else will read it about our financial journey and it has really spiked interest! I constantly have people asking for help on budgeting, saving, and paying off debt. Y'all not only helped our lives, but are helping the lives of the people around us! Thank you!! Sallie Mae Eviction http://www.daveramsey.com/articles/articleList/category/100424/storyid/102165 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102165 Sat, 27 Sep 2014 09:58:46 CST Through sacrifice and hard work, my husband and I have paid off $115,000 in 2 years and 1 month!!!!!! Incredibly this was all student loan debt. Sallie Mae is no longer welcome in our house and has been kicked to the curb :) We started following Dave Ramesy's principles when my husband was no longer pursing graduate school and he began his job hunt. We knew we had to be apart of the solution of the student loan crisis in America and no longer apart of the growing frustrations. We have been married for 3 years now and are both 28 years old. During our first year of marriage we fought frequently about money. Dave Ramsey taught us how to work together and be on the same page with our finances. I had earned my Doctorate in Physical Therapy and my husband is a Mortgage Processor. Our combined income started at $84,000 and has increased to $123,000 today. Over the past two years we have worked weekends, overtime, and holidays to reach our goals. We drive 10 year old cars and we have postponed major purchases. In the beginning it was hard to change my lifestyle, but once we were on a budget it became our new normal. It transformed our marriage and aligned our goals to develop us into a focused team ready to take on our future with gazelle intensity. I just want to share with others that you need to both agree each month on your budget (being a free spirit, I forced myself to get involved) and change your behavior/lifestyle to reach your goals. Not only is it possible to get out of student loan debt, but you can do it quickly, just stay focused on your long term goals to guide through the short term struggles. We are ready for baby step three and paying off our mortgage next. Finally we have control over our finances and the future looks bright :) The grass does feel different... http://www.daveramsey.com/articles/articleList/category/100424/storyid/102140 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102140 Tue, 23 Sep 2014 09:38:13 CST My husband and I can now say that we are truly debt free! On Monday, September 22nd, 2014 we made the final payment on our mortgage, the paperwork is complete! On Saturday, March 17th, 2012 we went to see Dave Live in Orlando, as we drove home we started to dream. We sat down that night and figuratively laid all of our cards down on the table. Every cent of debt that we could think of. We took Financial Peace University at a local church and were very motivated, inspired and gazelle intense. I have listened to your pod casts while driving in my car for so long that my family makes fun of me I knew I had to hear the message everyday. :-) We have our budget written before the month begins every month. We paid off all non-mortgage debt May 26th, 2013. We attended a second FPU the nine week edition in January of this year. Now after having had debt since my first college financial aid loan in 1982, my husband and I who are on baby step 7 can shout from OUR rooftop WE ARE DEBT FREE!!!!!!!!!!!!!!!!!!!!!!!!!!!! Dave Ramsey,the TMMO pod casts and reading the forums, FPUx2 learning how to budget and using the ancient word no, giving many copies of The Total Money Makeover to help others have given us the opportunity to dream. The future is looking pretty bright. Thank You Dave for all that you have done to help our family become stronger, focused and full of peace! We did Stupid for over 20 yrs and now have a plan! http://www.daveramsey.com/articles/articleList/category/100424/storyid/102130 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102130 Tue, 23 Sep 2014 08:47:59 CST Everything you could do wrong we did...we have probably paid over 300K in interest rates late fees. My Husband and I have always been spenders and payers...we would spend large and then pay it off (never monthly mind you). After the 2007/08 financial crisis and then the gov't shutdown (my Husband works for the gov't) we realized we would be in financial ruin if one of us lost a job. We lived stupid, we had two new cars and paid 1800 a month in car payments (because we had babies and wanted to be safe), we bought too big of a house (because we wanted dogs and the kids to have room), we bought a fixer upper (and between the two of us we can paint and hang pictures), we went large on vacations (because we wanted our kids to experience the world), we were always surprised about Christmas and Birthdays (because those are never known in advance) and had no emergency fund for cars, health issue or home issues..... We make over 200K and had not much to show for it. After the gov't shut down we started getting serious about paying our credit cards in 2014. I had come across D Ramsey's Podcast and bought the Total Money Makeover. We had payed off the cars and my Husband made a windfall bonus of 28K and we paid off the cards and then saved a next egg of around 50K. We had always paid 401 and IRA's because in our math a 6-15% gain was great because we were paying 12-15% in credit cards and car payments. We now have started the serious ZERO balance budget. The mind set change is what really made this great. For me Cancer runs in my family and many have not lived past their 50's so I wanted to live now just in case (I did have a large life insurance policy to take care of the kids) but nothing saved to take care of them if we lost our jobs or did become sick. My husband just did not want to handle the money or know about where it was going...our long running joke was me saying, "do you want to know how much this vacation costs?" and him replying, "H NO." For the first time EVER we have prepaid our ski trip and are budgeting for our tax bill, Xmas and our monthly expenses. This summer we will do what ever last minute vacation deal that we can get and PAY without the Credit Card. Now we are sending my sister-in-law to FPU. Thank you Dave and Dave's Team! You are curing one Stupid person at a time! Finally made it. http://www.daveramsey.com/articles/articleList/category/100424/storyid/102134 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102134 Tue, 23 Sep 2014 01:23:16 CST Some time ago I posted about my struggles getting rid of my credit card debt ($4,815). It happened! Today, I finished paying off both my credit cards. I have some savings but I didn't want to touch them since I'm a senior citizen on Social Security. Instead I reduced my expenses, and then reduced them some more. If it's not essential, I don't need it. The only exception is my internet access. 18 years ago, I offered to do the Beta testing of my provider's DSL for "free" in exchange of very cheap internet access for life. Best deal ever. All I have left is the mortgage which should be paid off within the next 4 1/2 years. I'll be back. Dave Says - September 22, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-22 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-22 Mon, 22 Sep 2014 13:09:29 CST Do you recommend that people continue tithing and giving while getting out of debt? woman finally winning with money http://www.daveramsey.com/articles/articleList/category/100424/storyid/102124 http://www.daveramsey.com/articles/articleList/category/100424/storyid/102124 Sun, 21 Sep 2014 09:30:45 CST In 2006, I was 46 years old and carried $16K in consumer debt from a bad marriage and divorce. I paid the last of that debt in 2013. Yes, I know that's not the fastest money makeover; but I didn't know about Dave until 2010. And honestly, I've really struggled with the credit card issue. But I've done the best I could. My snowball went much more quickly after I read TMM and I am quite pleased to be free of all but the mortgage. Here are my favorite things about living this way: 1. I spend so much less time on financial things while actually accomplishing so much more. It seems I used to spend hours each month keeping, sorting, reconciling and then double-shredding receipts and statements. It was always so confusing and stressful to keep track of everything. Now, I make my budget in about 20 minutes; it's crystal clear where I'm headed for the month. Cash receipts needn't be shredded. No time wasted. 2. I love that I can give, that my budget tells me I have to give. Sometimes my first thought of the day is, "I have money to give away." I know it's silly, but sometimes I sing it to myself on my walk to work. Truly, my life is so much happier now. I know I have a long way to go yet. But, for someone who was always in the red before, the feeling that I am on the right track and can win with money is a wonderful thing. Stupid Taxes on my Cable bill http://www.daveramsey.com/articles/articleList/category/100423/storyid/102066 http://www.daveramsey.com/articles/articleList/category/100423/storyid/102066 Tue, 16 Sep 2014 12:48:27 CST My cable bill kept creeping up and I kept telling myself that I needed to call and get it lowered. Well I finally did that, and to my surprise, I was paying for cable TV "add-on" packages that contained channels I NEVER watched. I was paying $16.00/month for channels packages that I have no idea how I even got. They also lowered my internet speed from 20 to 5, saving me $15.00/month. When they asked me if I was happy, I said I had been a customer for almost 10 years and thought that was worth something. With that they gave me $20.00/month discount for the next 6 months. I saved $65.00/month with a 15 minute phone call. If I had only done that months ago, I would have saved over $500. STUPID TAX!!! I will watch my cable bill a lot closer now, and call after 6 months to get another promo discount! Dave Says - September 15, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-15 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-15 Mon, 15 Sep 2014 11:09:48 CST Some friends recently offered me a timeshare ... Dave Says - September 9, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-09 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-09 Tue, 09 Sep 2014 09:09:49 CST My husband and I have been living on a budget for a few months ... POSTER CHILD for DUMB TRUST & MONEY http://www.daveramsey.com/articles/articleList/category/100423/storyid/101938 http://www.daveramsey.com/articles/articleList/category/100423/storyid/101938 Thu, 04 Sep 2014 01:22:09 CST IF YOU VALUE YOU FAMILY RELATIONSHIPS, DON'T CO-SIGN FOR DEBT. I love my 56 year old brother - he's always been my hero. I'm age 54. Just four years ago he called asking me to co-sign student loans for his 2 sons totaling $14,000. You see, he???d just lost his $400,000/year job and stopped making payments on his golf course house but rented it for $30,000 while in default.... Why help this man? He had bad credit and need my good credit. In my eyes he could do no wrong ??? he???s my brother and he told me "I'll probably pay you back in 1 year" . I was also hurting, I???d lost my job in 2008 during the Las Vegas bust, I???d spent my $100,000 savings to get out of my upside down mortgage, went through a divorce, was raising my 3 kids under age 7 alone, their drug addict mom MIA both financially and physically. I had sole custody. So.....this year 2014 I called my brother telling him to pay off the loan and he said "It's not my loan"...... OMG, that's not what I thought. So, hating debt I paid off his children???s student loans..... maybe they'll pay me back in 15 years, maybe not. Today 6 years after jobless and divorce I???m raising 3 kids alone, have no debt and beginning to save money for a house retirement....MORAL OF STORY - TAKING CARE OF OTHERS then expecting them to take care of me is foolish. Money changes even the most trusted relationships. PRINCIPLE: Each person is responsible for himself ??? NEVER LEND YOUR NAME OR CREDIT. This Summer I learned he just sent his kid to Australia and bought her a message during a beach house wedding celebration he bought for his son in So. Calif. Yet - he still has no cash to pay me back- he says he???s broke. EVEN LOVED ONES WILL LET YOU DOWN WHEN IT COMES TO MONEY. 28 Months and $265k...DEBT FREE! http://www.daveramsey.com/articles/articleList/category/100424/storyid/101934 http://www.daveramsey.com/articles/articleList/category/100424/storyid/101934 Wed, 03 Sep 2014 08:49:09 CST In 2012 I moved my wife and son back to Colorado before my deployment so she could be close to family. I have been in the Air Force for over 11 years and my wife is a full time mother of two boys. My father in-law had the TMM book and I read it in a day. After reading the stories from everyone I knew we could do it. We had approximately $265k in debt (including the house) and I wanted to quickly get out. Fast forward to this year and at the end of October 2014, we will have paid off everything, including the house (that we had to rent out for 4 years), and have started our emergency fund. This book and the show have helped so much at giving a common sense approach towards paying off debt. I have provided the TMM to at least four other friends/family because they saw how we did it with only one income. At 33 and 30, respectively, now with a 3 year old and a 6 month old WE ARE DEBT FREE! Cannot wait to call in and do our scream! Drop the lattes http://www.daveramsey.com/articles/articleList/category/100423/storyid/101937 http://www.daveramsey.com/articles/articleList/category/100423/storyid/101937 Wed, 03 Sep 2014 03:05:14 CST For about seven years after taking the train to work in Chicago, I'd treat myself to a chai latte every morning (weekends too, usually). At only $3.27 it didn't seem like much, but after adding it up, I realized that I spend about $1000 a month for that daily latte, and after seven years, I've given Starbucks $7000 to basically warm up milk for me! I could have done so much with that money! Needless to say, I make my own coffee and lattes to go now. I also cut out my weekly $10 Thai dinner and save $40/month. The little things add up so fast! Learn to cook and make your own beverages and save your money! Dave Says - September 2, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-02 http://www.daveramsey.com/davesays/column/column/dave_says_2014-09-02 Tue, 02 Sep 2014 09:09:50 CST I'm getting married soon, and my fiancée and I together have saved about $9,000 for our wedding ... Dave Says - August 25, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-08-25 http://www.daveramsey.com/davesays/column/column/dave_says_2014-08-25 Mon, 25 Aug 2014 12:08:06 CST I'm driving a 10-year-old car with 195,000 miles on it ... Vacation Timeshare http://www.daveramsey.com/articles/articleList/category/100423/storyid/101270 http://www.daveramsey.com/articles/articleList/category/100423/storyid/101270 Tue, 19 Aug 2014 03:32:03 CST A few years back, my hubby and I got suckered into accepting a free night's stay at a vacation resort in exchange for sitting through a 2-3 hour no-obligation sales pitch for buying points through this vacation resort; this scheme is really just a rebranded timeshare. I think they were wise enough to know not to call it a timeshare. If they had, we would have/should have stayed 100 miles away considering horror stories from family members. Long story short, we bought the lowest points possible for $9K and asked to defer maintenance costs for a year since we were expecting our first baby and the likelihood of travel for that first year seemed remote. We paid cash for the deal. A couple years later, we got the annual maintenance fee which was $900. Paying $900+ annually for vacation AFTER our intial investment seemed outrageous. Coupled with hearing about how this company jackes up the maintenance fees year over year, we quickly determined we needed to get out of this. It seemed the only way guaranteed out in a reasonable amount of time was to PAY $1,500-$2,500 (on top of having to satisfy that year's maintenance costs) depending on what Timeshare purchase company you talk to. We never ended up using any points. We kept calling and calling the company we had points with and finally they agreed to do a "mutual release and terminantion of vacation owner agreement" for a fee of $250 for title transfer. This released us from any future obligations. The saving grace there is we didn't finance this - it was paid off; if we had taken out a loan, we probably would be stuck with it. We still shake our heads in disbelief about just how stupid we were in that moment. Pain points in the brain definitely triggered on this one. Dave Says - August 18, 2014 http://www.daveramsey.com/davesays/column/column/dave_says_2014-08-18 http://www.daveramsey.com/davesays/column/column/dave_says_2014-08-18 Mon, 18 Aug 2014 10:08:44 CST I have a 5-year-old daughter, and I want to start a 529 for her ... Love does not pay the bills http://www.daveramsey.com/articles/articleList/category/100423/storyid/101212 http://www.daveramsey.com/articles/articleList/category/100423/storyid/101212 Mon, 18 Aug 2014 09:28:22 CST Don't make the mistake of sacrificing your snowball progress for people you are not married too. Did that and refuse to do it again. I sold my house and true to form my boyfriend's first plan for 'my money' is purchasing a vacation home. LOL, this time I was ready. I immediately used the proceeds to pay off my last credit card and my Student loan. I sent the payoffs the day of closing! My only remaining debt is the truck I should not have bought - guess who orchestrated that purchase? DAVE RAMSEY’S FINANCIAL PEACE UNIVERSITY CELEBRATES 20 YEARS OF CHANGING LIVES http://www.daveramsey.com/press-release/dave-ramseys-financial-peace-university-celebrates-20-years-of-changing-lives http://www.daveramsey.com/press-release/dave-ramseys-financial-peace-university-celebrates-20-years-of-changing-lives Tue, 12 Aug 2014 10:08:32 CST New York Times best-selling author and personal finance expert Dave Ramsey is celebrating the 20th anniversary of Financial Peace University. WINNERS ANNOUNCED IN DAVE RAMSEY’S FINANCIAL LITERACY CHALLENGE SCHOLARSHIPS http://www.daveramsey.com/press-release/winners-announced-in-dave-ramseys-financial-literacy-challenge-scholarships- http://www.daveramsey.com/press-release/winners-announced-in-dave-ramseys-financial-literacy-challenge-scholarships- Wed, 09 Jul 2014 10:07:39 CST Dave Ramsey’s Foundations in Personal Finance announces the three winners of the $5,000 scholarships awarded in the Financial Literacy Challenge. MORE THAN 1.5 MILLION HIGH SCHOOL STUDENTS GET FINANCIAL EDUCATION THROUGH DAVE RAMSEY’S FOUNDATIONS IN PERSONAL FINANCE COURSE http://www.daveramsey.com/press-release/more-than-15-million-high-school-students-get-financial-education-through-dave-ramseys-foundations-in-personal-finance-course http://www.daveramsey.com/press-release/more-than-15-million-high-school-students-get-financial-education-through-dave-ramseys-foundations-in-personal-finance-course Thu, 05 Jun 2014 16:06:15 CST More than 1.5 million high school students have used Dave Ramsey’s Foundations in Personal Finance curriculum nationwide. Ramsey offers Foundations in Personal Finance for high school students to learn more about how to better manage their finances and build wealth so they can have a solid financial future. DAVE RAMSEY HOSTS CONFERENCE TO HELP PEOPLE LIVE SMART http://www.daveramsey.com/press-release/dave-ramsey-hosts-conference-to-help-people-live-smart http://www.daveramsey.com/press-release/dave-ramsey-hosts-conference-to-help-people-live-smart Tue, 20 May 2014 13:05:41 CST New York Times best-selling author Dave Ramsey will host the Smart Conference on Saturday, November 1, 2014 at Shrine Auditorium in Los Angeles, Calif. “SMART MONEY SMART KIDS” BY DAVE RAMSEY AND RACHEL CRUZE DEBUTS AT #1 ON MULTIPLE BEST-SELLERS LISTS http://www.daveramsey.com/press-release/smart-money-smart-kids-by-dave-ramsey-and-rachel-cruze-debuts-at-1-on-multiple-best-sellers-lists http://www.daveramsey.com/press-release/smart-money-smart-kids-by-dave-ramsey-and-rachel-cruze-debuts-at-1-on-multiple-best-sellers-lists Fri, 02 May 2014 14:05:25 CST “Smart Money Smart Kids” by nationally syndicated radio talk show host Dave Ramsey and his daughter Rachel Cruze debuted at number one on “The New York Times” best-sellers list for Advice, How-To and Miscellaneous, “The Wall Street Journal” nonfiction best-sellers list and “Publishers Weekly” best-sellers list. “SMART MONEY SMART KIDS” BY DAVE RAMSEY AND RACHEL CRUZE DEBUTS AT #1 ON “THE NEW YORK TIMES” BEST-SELLERS LIST http://www.daveramsey.com/press-release/smart-money-smart-kids-by-dave-ramsey-and-rachel-cruze-debuts-at-1-on-the-new-york-times-best-sellers-list http://www.daveramsey.com/press-release/smart-money-smart-kids-by-dave-ramsey-and-rachel-cruze-debuts-at-1-on-the-new-york-times-best-sellers-list Thu, 01 May 2014 14:05:56 CST “Smart Money Smart Kids” by nationally syndicated radio talk show host Dave Ramsey and his daughter Rachel Cruze debuted at number one on “The New York Times” best-sellers list for Advice, How-To and Miscellaneous. DAVE RAMSEY ANNOUNCES STOPS ON HIS FALL 2014 LEGACY JOURNEY LIVE! TOUR http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2014-legacy-journey-live-tour http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2014-legacy-journey-live-tour Tue, 01 Apr 2014 09:04:23 CST Nationally syndicated talk radio host and personal finance expert, Dave Ramsey, announces stops on his “Legacy Journey LIVE!” tour this fall. DAVE RAMSEY AND RACHEL CRUZE LAUNCH NEW BOOK SMART MONEY SMART KIDS IN BOOKSTORES ACROSS THE COUNTRY http://www.daveramsey.com/press-release/dave-ramsey-and-rachel-cruze-launch-new-book--smart-money-smart-kids-in-bookstores-across-the-country http://www.daveramsey.com/press-release/dave-ramsey-and-rachel-cruze-launch-new-book--smart-money-smart-kids-in-bookstores-across-the-country Mon, 31 Mar 2014 10:03:18 CST New York Times bestselling author and nationally syndicated radio talk show host, Dave Ramsey, teams up with his daughter, Rachel Cruze, for their new book, Smart Money Smart Kids. Launching April 22, Smart Money Smart Kids offers a parent and adult child’s perspective on raising money-smart kids in a debt-filled world. $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." Offered A Timeshare https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129417 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129417 2014-09-04 00:00:00.0 Jill's friends have offered her an opportunity to buy an older timeshare on the beach. See what Dave thinks. Stop Retirement, Pay House? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129373 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129373 2014-08-19 00:00:00.0 Kaylie and her husband wonder if they should stop saving for retirement in order to pay off their house sooner. More Life Tools https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129295 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129295 2014-07-30 00:00:00.0 Cammie and her husband are trying help a young relative start his life out on the right track - again. She asks Dave for help teaching and motivating the young man. Son's First Paycheck https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129262 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129262 2014-07-22 00:00:00.0 Amy's teenage son is about to receive his first paycheck. She asks Dave and Rachel about saving, spending and teaching him to set goals. Buy the Building Now? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129254 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129254 2014-07-18 00:00:00.0 Tucker has been in business for just over a year. Now, he has an opportunity to buy the building he's in. Ditch the Separation Pay https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129163 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129163 2014-07-08 00:00:00.0 Gretchen's husband is going to receive military separation pay. If he goes into the National Guard, they will need to repay it. Dave advises Gretchen to check into whether or not they can decline separation pay. More of a Mortgage https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129162 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129162 2014-07-07 00:00:00.0 Lindsey and her husband's mortgage payment is more than 25% of their take-home pay. They're trying to decide if they should be placing the full 15% of their income toward retirement or pay down the mortgage. Repair Now or Buy Later? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129161 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129161 2014-07-06 00:00:00.0 Dave is driving a 10-year-old car with 195,000 miles on it. It needs $1,500 in repairs and is worth $4,000 or $5,000. Should he put $2,000 in the car to keep it running or buy something else? Using the Mortgage to Consolidate https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129160 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129160 2014-07-05 00:00:00.0 Leslie is about to get remarried and has $34,000 in debt. Should she take that $34,000 debt and put it on her mortgage to consolidate it? Freezing Your Credit Report https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129159 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129159 2014-07-04 00:00:00.0 Eric wants to know if Dave recommends a credit freeze in order to protect against identity theft.