Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Sun, 26 Apr 2015 23:04:04 CST 180 Saturday Sunday Dave Says - April 20, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04020 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04020 Mon, 20 Apr 2015 10:04:21 CST My wife and I are on Baby Step 3 of your plan. We're also saving up to buy a car with cash. We're about $3,000 away ... DAVE RAMSEY’S SMART MONEY TOUR ANNOUNCES FALL 2015 STOPS http://www.daveramsey.com/press-release/dave-ramseys-smart-money-tour-announces-fall-2015-stops http://www.daveramsey.com/press-release/dave-ramseys-smart-money-tour-announces-fall-2015-stops Thu, 16 Apr 2015 13:04:18 CST New York Times best-selling author and personal finance expert Dave Ramsey announces stops on his Smart Money tour this fall. Freedom!!! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103932 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103932 Thu, 16 Apr 2015 08:33:46 CST I was unsure if I should post this because it's not my nature to get super personal on Facebook and I was afraid that a post like this may come off as bragging or boastful. But, after some thought, I decided that God has been too good not share this testimony and that maybe our journey would be helpful to someone else! So, here we go: On November 1, 2011, Brittany and I made the decision to get out of debt. At that time, our non-mortgage debt totaled over $218,000, including student loans (mostly), car notes, credit cards, and a bunch of other stupid miscellaneous debt. The sad thing about my student loans was that only about half of the amount I borrowed was used for tuition, books, room and board. I blew the other half (the "refund check") at Hickory Hollow Mall. I was young and dumb, I guess. But, as of this past Friday, through to the grace of God and after 3 and a half long (very long) years, I am proud to say that we are debt free and the entire $218,000 in debt is finally gone! During this time, we have sacrificed, lived on an extremely tight budget, drove junk cars, carpooled to work, packed lunches, dined in, forwent vacations & furnishing our home, wore old clothes and shoes, rarely shopped, sold personal items and did countless other things to free up money to pay off debt. We also experienced two totaled cars and a failed transmission. But, we kept pushing! While all those things were important and crucial to us getting out of debt, the thing that I KNOW without a shadow of a doubt made the biggest difference was that we Tithed to our church every paycheck for the entire 3 and a half years. I truly believe that God blesses us with everything (i.e. 100%), and if we give Him back the 10% (i.e., the Tithe), He will bless us with a larger 90% to manage for His Kingdom! We saw this happen time and time again: We gave, He blessed. We gave more, He blessed more. It never failed! At times, extra money literally showed up out of no where (no lie). I thank God for giving us the vision and desire to get out of debt, and blessing us with the means and discipline to do so. I also want to shout out Dave Ramsey. We have graduated from (and coordinated) his Financial Peace University class, and I can say that his 7 Baby Steps Plan has changed our lives, our marriage, and our family legacy! His plan works for those who work it. Lastly, I want to thank my beautiful wife, Brittany. You are truly the embodiment of the Proverbs 31 Woman. Spouses have to be on the same page for this plan to work, and you couldn't have been any more on board (even more so then me at times). For all of you going through the process of getting out of debt (or thinking about it), all I can say to you is keep pushing and, definitely keep (or start) giving! Being on this side, I can tell you that's it's all worth it and then some! We finally have that FREEDOM we've been working toward for so long! On to Baby Step 3... Thanks and God Bless! Debt Free at 29! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103930 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103930 Thu, 16 Apr 2015 01:25:30 CST Proverbs 22:7 tells us that, ???The borrower is slave to the lender.??? I never knew how true that verse was until 2007 when my husband Nathan and I, new business owners at the time, owed more in debt than what we earned in a year. We knew we needed to learn how to manage our finances better, but we felt so in over our heads that we didn???t even know where to start. Then a few relatives introduced us to "The Total Money Makeover." With help from that book, Nathan and I learned how to gain control of our money and we began implementing some of the strategies Ramsey talked about. We spent 8 years working towards getting out of debt. It's been a long, tiring journey. But we kept moving forward even when the progress was painfully slow. We refused to give up. And on April 10th, 2015, just 2 days shy of my 30th birthday, that hard work literally paid off. Nathan and I finally crossed the finish line together, high-fiving and joyfully hugging because we are officially 100% DEBT FREE in both our business and personal lives! I can't even describe how incredible that feels, but I do want to share this: If you're in a place of distress - financial or otherwise - don't throw in the towel. Reaching your goal and digging your way out of something difficult won't be easy, but it will be worth it. Wahoo! Finally Debt Free http://www.daveramsey.com/articles/articleList/category/100424/storyid/103904 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103904 Wed, 15 Apr 2015 05:57:55 CST Like the majority of folks we knew at the time, we were so used to using credit cards that we never blinked at pulling one out to pay for something. It was second nature. Then about 7 years ago, we mailed in one of our payments on the same day of the month like always. The following month we received our statement and to our surprise, they said we were late with our payment. No phone call, notice, or anything to that effect. So, we robbed Peter to pay Paul the late fees and the regular payment which had ballooned to over $300.00. Again, nothing until we received the statement the following month notifying us that not only were we late again, but we now had went over our limit. Needless to say we were quite upset. We called to no avail. We really felt like our hands were tied. Our total debt at that time was $44,000. About the same time, the fall of 2007, a local pastor stopped by and told us about Financial Peace University and that a class was starting up in a few weeks. So, in September of 2007 we began our journey to becoming debt free using the principals of the program. One by one, the debt started to diminish. The education we received from the program helped us immensely with understanding money and dealing with the creditors and lawyers. 'Today, we mailed out our last payment and are 100% debt free. Thank God for guiding that Pastor to our place and for Dave Ramsey and his programs. They really work. We payed off $44,000 with an average income of $41,748 in almost 7 years. Thanks for everything Dave. Wahoo!!!!!! We did nit! Dave Says - April 13, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-13 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-13 Mon, 13 Apr 2015 13:04:10 CST My husband and I are 28 years old. We're completely debt-free, and we each have great jobs. We don't talk a lot about this kind of stuff, because we've found it causes other people to treat us differently ... Silly but true http://www.daveramsey.com/articles/articleList/category/100423/storyid/103898 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103898 Sun, 12 Apr 2015 08:29:24 CST I went to an expensive private school in 2007 my first year of college and downgraded to community college a year later due to finances. After moving states a few times I finally got my undegrad degree in 2014 paying completely out of pocket for all the education (post the first school I went to). My father told me not to worry about the first year because he had paid it - well fast forward to now I go to buy a car and I find out I have $7000 in loans from this school. I pay the lowest one in full ($1400) to a collections and make sure to get a receipt. As you would expect it doesn't come off my record, it took 3 weeks of phone calls and finally a threatening legal letter to finally get it reported as paid properly. The second loan of about $5,600 I now have down to $1,800 and will have it paid off by June using the debt snowball method. Lessons learned- 1: Never listen to your parents when it involves your finances. Always double check things. 2: Colleges and government subsidized organizations often do not operate ethically and will not report things as paid even when you have full documentation of paying them, unless you threaten to sue them. 3: Dave Ramsey's baby steps are very useful even when you don't think you have any debt. DAVE RAMSEY CELEBRATES NATIONAL FINANCIAL LITERACY MONTH WITH THE FINANCIAL LITERACY CHALLENGE http://www.daveramsey.com/press-release/dave-ramsey-celebrates-national-financial-literacy-month--with-the-financial-literacy-challenge http://www.daveramsey.com/press-release/dave-ramsey-celebrates-national-financial-literacy-month--with-the-financial-literacy-challenge Thu, 09 Apr 2015 16:04:09 CST NASHVILLE, Tenn. —To celebrate National Financial Literacy Month, New York Times best-selling author and nationally syndicated radio talk show host Dave Ramsey is inviting high school students across the country to test their personal finance knowledge by taking The Financial Literacy Challenge. Insurance didn't pay http://www.daveramsey.com/articles/articleList/category/100423/storyid/103896 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103896 Thu, 09 Apr 2015 05:40:08 CST I had my 3rd child last fall and decided to breastfeed her. I took the breastfeed class at the hospital where a lady in the class suggested that the insurance would pay for a breastpump. They're pricy around $300. So long story short, I called the insurance company jumped through every single hoop from using a provider medical supply company to getting the correct one and everything. I called verified and reverified. I paid for it, they billed insurance the rest. 7 months later Im getting a bill because the insurance won't pay, and the business won't accept the adjusted amount. So now I'm paying again. It was such a headache, lesson learned, just buy what you want from where you want. funny fact, baby won't even take a bottle at all, but I'm still breastfeeding, so it was all stupid tax! Dave Says - April 6, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-06 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-06 Mon, 06 Apr 2015 11:04:32 CST We have two girls in competitive gymnastics, and it's costing $12,000 to $15,000 a year at a professional gym to do all this ... Room to Breathe http://www.daveramsey.com/articles/articleList/category/100424/storyid/103879 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103879 Fri, 03 Apr 2015 08:35:04 CST As a civil servant and sole income provider, I never felt I could do anything but tread water. But as is usually the case, when treading water... it will rise. We needed room to breathe! We found Dave, gave a 50% effort and got a 50% result. But the seed was planted. That was years ago when mom decided to leave nursing and we followed God's plan for us by building a large family. 4 girls and 4 boys later, we are a family of 10. We recently saddled up our gazelle and hit the range, grazing on debt at every pause. Now we are debt free but for our home and we make every dollar count. Now instead of treading water we are floating on a raft of financial peace. In a word - Comfortable. It's amazing how clearly one can see the horizon when the fog of debt lifts. We made all the textbook, immature mistakes and now we can laugh. Thank you Dave for turning a lottery winnings daydreamer into someone who realizes the same can be achieved by building "brick by brick." It can be done! Wisdom http://www.daveramsey.com/articles/articleList/category/100424/storyid/103880 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103880 Fri, 03 Apr 2015 03:25:01 CST In 1994 I open my own business doing Refrigeration and Appliance Repair and at the same time fully employed by the City. I used my credit card as my starting capital and accumulated a lot of it and on the road I find myself keep on transferring balance from credit card to credit card. Needless to say I am deeply in debt. Too busy with business and full time job and no time to keep a good relationship with my family and the only words they only know from me is "I am busy". The business is doing good and started to make some money but can hardly make my monthly bills. The debt is one thing but my family is another. Decided to transfer and took a State Job and has stopped my business. I am having a good time with my family now and that is good but bills keep on coming whether I want it or not and those interest rates are up high. Our Church introduced Financial Peace Seminar and it has a fee. The deal is if you finish the whole course they will refund your money back and if not you lose it. Hmmmmm. I say. They played a preview of you and you sound so obnoxious and not too convincing to me. Though I have one more year to obtain a Bachelors Degree in Management, I have a pretty good knowledge about accounting and management. So I said to myself. What can I get to this guy. He have to make some money someway or another. So me and my wife sign up. We finish up the class and not so convincing but have to give it a try to find out if it works or not. Hard to weigh things where to cut. First thing is to cut the whole family Whole Life Insurance. There are four of us and that is hefty fee monthly. To my surprise, I have a big lump sum money coming earned on my Insurance for all the years I am paying of it. I paid off some of my credit card and that is a big load out of my back. Not long after that, the lot I sold that they are making payment has made a good payout and that erase my credit card and car payment. I still have my house payment to do but we on the positive side right now and also afford to go out and eat now and then, buy descent clothes and groceries. I can now give an offering without heated conversation with my wife. The Wisdom is to get out of debt and spend not more than you make so we can give more offering. What a Brilliant Idea. This is a wisdom that is priceless. I am happier now and able to give more with joy which is the purpose of Love Offering. You profit so well Mr. Dave on your Purpose and God surely bless to those that believe. Keep up the good works for his glory. Thank you again. Ador Sibayan What's Your Anchor? http://www.daveramsey.com/articles/articleList/category/100424/storyid/103878 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103878 Thu, 02 Apr 2015 08:30:34 CST I had debt, a lot of debt, over $70k, You see I was pursuing the dream of running my own small business. I was determined to make it work. I was running it part time, while maintaining a full time job. I bought inventory, the business never did better than break even and would run losses. I kept it going, hoping that one day it would take off. The debt was the cost of maintaining the inventory. Last year (2014) I decided to end it. I stopped buying inventory. I joined FPU, and also became a FPU facilitator. Every sale I paid down debt any extra money went to debt. March 2015 I became debt FREE! My anchor was the business, while facilitating I used this to help the FPU members to identify their anchor, was it a vehicle they couldnt afford, second home, other wants? Cut the anchor! Something else wonderful happened. Once I decided to stop the business and committed to the principles taught in FPU. Extra money was coming into our household! An extra check here, my ex actually gave me a big portion of a tax refund from my 3 children from a prior marriage, a gift was given from a family member. It was almost like GOD, said, "Now you got it, here are some gifts to celebrate; you are on the right path". I truly believe HE knew if this money was given to me before, I would have tried to keep the business afloat another year and that money would be gone. So what is your anchor? Make the hard decision to cut it and never look back. You might be amazed at what the decision yields you in the future. Debt Gone! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103867 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103867 Tue, 31 Mar 2015 05:20:36 CST We paid off $25,000 in student loans in a little over a year! We got married right after college and took FPU soon after. So glad we did! We are debt free before our 2nd anniversary and can now continue on with the other baby steps and saving for a house! Woohoo! Dave Says - March 30, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-30 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-30 Mon, 30 Mar 2015 10:03:19 CST My parents are going through a divorce, and money issues are a big part of the problem ... We see the light! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103864 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103864 Mon, 30 Mar 2015 07:31:11 CST My husband and I have been married for almost a year now. He is 28 working and going to school both full time (thankfully we get some money from his GI bill), and I am 24 finishing grad school working three part time jobs (one of which is a grad assistantship making my grad school free!). Just when we thought we were about to be clear of our debt, I was hit with my college loans to the key of $38000, and the beautiful engagement ring that was 18 months 0% financing was back charged to time of purchase in interest. We are now looking at $50k of debt with one debt out having almost 30% interest! I wanted to cry! We took a step back at all of our debt and discovered that we can be completely free of it in about 3.5 years. Selling his car and blasting away at his smaller debts. We may need to continue putting that honeymoon on hold, but it will be worth it in the end! Although we are still renting an apartment, this will make getting a home easier and of course, paying off the house will be a quick process as well thanks to one of the best wedding gifts ever; Dave's Total Money Makeover Student Loans http://www.daveramsey.com/articles/articleList/category/100424/storyid/103861 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103861 Sat, 28 Mar 2015 09:54:35 CST I graduated college with $35,000 in student loans. At the rate I was going with two part time jobs not requiring a college degree it was going to take four years to pay them off. I had other bills to pay as well. I decided to get a third job. This job did require a college degree and it started as a full time position. However, after six months in I was cut to part time due to budget cuts. I would pick up extra shifts between all three part time jobs when I could. I would often work 8am-5pm at one job then 6pm-6am at another job. With that being said, I paid ALL my student loans off in fourteen months. I was able to do this and pay my other bills. I had to cut my spending in certain areas, but it was worth it. I always had enough money for food, power, water, gas and rent every month while paying my loans off. I was even able to go on some week long trips to the beach. PTO at three jobs can come in handy. The sacrifices I made were worth it for that short period of time. The ultimate success: Retired! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103837 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103837 Tue, 24 Mar 2015 05:53:20 CST My Debt-Free Journey My journey first began in May 2009. I was in a Baltimore hotel attending a conference and all the evening events were cancelled due to a horrible storm. I retired to my room after dinner and turned on the TV to find some guy named Dave Ramsey talking about money. He kept mentioning something called FPU, or Financial Peace University. I made a mental note to follow up on what that was???later. At that time, I was definitely feeling the money pinch! In the spring of 2008, just as the real estate bubble was starting to really burst, I had bought a new home, confident I would sell my old one quickly. Fast forward to 2009 and my old house had been on the market for over a year with no offers and I was paying on not only two mortgages, taxes and insurance, but two HELOCs as well. And my only daughter was getting married in 5 weeks! Fortunately the wedding was going to be a very modest affair, we had a budget, and the groom was helping me (a single mom) with expenses but I have to admit my credit card was going to be a key factor in making this wedding happen. Two months after the wedding, my daughter and her husband moved into my old house and their rent helped me to offset expenses enough to begin planning again for the future. So I decided to check out the FPU thing, and signed up for a class near my home beginning in early September (2009). Of course I had not read or listened to anything about Dave or FPU since that May night in Baltimore so ironically, just a few hours before the class started I bought a new computer at Best Buy, opening up a new credit card with them to get 12 months interest-free! After all, it???s the same as cash, right? After the first night of class I came home and started to add up my current debt: Unsecured LOC $5K + Car Loan: $14K + Credit Cards: $15K + PLUS Loan: $41K + HELOCs (2) $61K Mortgages (2) $377K For a grand total of $513,614.78 The only good news in this picture was that I made enough money ($125K) that I could ???make all those payments??? fairly comfortably! LOL I buckled down immediately and began to develop/revise my budget and fill my envelopes. I did not follow Dave???s advice on getting an ???accountability partner??? to actually meet with me regularly, but I managed to maintain a decent level of intensity. Since living in my other house was only a temporary solution for my daughter and son-in-law, I invited them to attend FPU with me the week of the mortgage lesson. They were hooked! They borrowed my CDs and starting listening to the course in their vehicles and were soon having budget meetings. Fast forward to 2011. I was so tired of having two house payments, and all the costs and surprises that come with owning two homes so I finally hired one of your ELPs to sell my other house. The market was still not recovered, but by selling my now-paid-for car, and taking out a small ($5K) loan for 2 months, I was able to sell the house and close in less than 3 months (from listing it). I took a loss on the house of about $15K but it was worth it! By now my daughter and son-in-law were on board and we had taught one FPU class together at our church so when they had to move out of my other house, I encouraged them to move in with me so we could both accelerate our way to being debt-free and they could buy their own home. Within 15 months, they were debt-free and moving on to step 3 and I was making good progress. I was down to just the PLUS loan and one HELOC in my debt snowball and we decided to teach FPU again. The next two years we all struggled to stay focused. My daughter and I developed some significant health issues, and my father became very ill. He lived 1500 miles away in an area that was very expensive to fly to so between medical bills and trips to see Dad, our progress slowed pretty significantly. We never gave up though and podcasts of your show helped keep us from falling off the rails. By the end of 2013, the kids had closed on their first house and I was teaching The Legacy Journey at our church. With a small life insurance benefit after my father???s death, on April 25, 2014 I became debt free (except for one mortgage) and had a fully funded emergency fund! WOW! I paid off $331,614.78 in 55 months! I immediately cranked up my retirement savings and college is paid for, so now I just need to throw the extra at my mortgage. I will admit, I???ve taken a small pause from step 6 for two months to do some catching up like painting the house, a slight upgrade in car, and some fun opportunities for giving. My income has increased to just over $140K and I am about to buckle down on that mortgage and work my way into retirement. I feel God has called me to help others find their way to debt-free living so that will be one of my focuses in my retirement. Addendum: In December of 2014 I was able to retire from full-time stressful work, one month short of my 61st birthday! What an amazing accomplishment in just over 5 years! I feel strongly that God has a calling for me in this life, but I did not have the peace to discern it while working full time. While I still have a 10 year mortgage on my primary home, my retirement savings are adequate that my financial planner is confident I will have more money in 30 years than I do now, even if I never work for pay again. It is truly a gift to be able to spend more time with family and friends and begin exploring the next chapter in my life without financial stress of any kind and I will also be able to leave a legacy for the next generation! NEW EVERYDOLLAR TOOL TAKES THE STRESS OUT OF BUDGETING http://www.daveramsey.com/press-release/new-everydollar-tool-takes-the-stress-out-of-budgeting http://www.daveramsey.com/press-release/new-everydollar-tool-takes-the-stress-out-of-budgeting Mon, 23 Mar 2015 16:03:27 CST Get your household budget in order by using EveryDollar, the newly released, free budget tool from personal finance expert Dave Ramsey. Dave Says - March 23, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-23 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-23 Mon, 23 Mar 2015 11:03:00 CST What's your opinion on rewarding kids with money for getting good grades in school? BRAND NEW CLASS HELPS PARENTS RAISE MONEY SMART KIDS IN A DEBT-FILLED WORLD http://www.daveramsey.com/press-release/brand-new-class-helps-parents-raise-money-smart-kids-in-a-debt-filled-world http://www.daveramsey.com/press-release/brand-new-class-helps-parents-raise-money-smart-kids-in-a-debt-filled-world Fri, 20 Mar 2015 09:03:40 CST mart Money Smart Kids, the #1 New York Times best-selling book, is the inspiration for a new class designed to help parents teach children to win with money. FINANCIAL EXPERT CHRIS HOGAN BRINGS RETIREMENT EVENT TO DALLAS http://www.daveramsey.com/press-release/financial-expert-chris-hogan-brings-retirement-event-to-dallas http://www.daveramsey.com/press-release/financial-expert-chris-hogan-brings-retirement-event-to-dallas Wed, 18 Mar 2015 15:03:07 CST Nashville, Tenn. – Chris Hogan, retirement and financial expert, will be presenting his new “Retire Inspired” event in Dallas on April 11 at 9:00a.m. CT at Bent Tree Bible Fellowship. Hogan has helped thousands of people get control of their money during his 20 years in the financial industry, including the past 10 years as part of New York Times best-selling author Dave Ramsey’s team. Now Hogan is taking this message to the stage to give people a step-by-step plan for taking control of their money, and properly preparing themselves for long-term financial success. Dave Says - March 16, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-16 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-16 Mon, 16 Mar 2015 00:03:00 CST My daughter is in her late twenties, and she has a good job making $50,000 a year. The other day, she told me she has ... Too Trusting.... http://www.daveramsey.com/articles/articleList/category/100423/storyid/103793 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103793 Fri, 13 Mar 2015 10:42:15 CST I have 4 children. 3 girls and one boy. The 3 girls all went into the medical field with one becoming a doctor and the other two are nurses. They easily take care of themselves. They have always been honest with me. I spent small amounts of money getting them to where they are, never any waste and money well spent. My son on the other hand was a challenge. First, I paid over $5000 for him to attend the police academy. He finished it and became a cop for about 3 years. But he got bored with the job and claimed it wasn't for him, so he quit. By this time, he's in his late 20's to early 30's. He came to me to borrow money to go to helicopter school as he wanted to ultimately become a med-vac pilot. I was ok with this but the cost of this school was high. I figured it would cost him $60K to get through it. He had a little money saved so I pulled money from my 401(k) to lend to him (first mistake). I lent him $44K and I told him repeatedly that I had to have that money back as it was my retirement. I tried to protect myself as best I could so I had him sign a note to detail the debt between he and my wife. He, myself and my wife all signed it. He started the school and for awhile he seemed to be doing quite well, excelling actually. I was proud of him and believed he might actually pull this off. The training peaks with "Instrument Rating" which he completed, right up to the check-ride flight which he decided to not do. He got past the hardest part of the training and then decided it wasn't for him. So, you guessed it, he bailed on me and literally disappeared for 2 years. He finally surfaced, financially broke and asking for more money, which he didn't get. I'll never get that training money back regardless of the agreement. But it's on me, I should have never ever ever lent it to him in the first place. Emotion took over when I should have looked at how irresponsible he is and not that he is my only son. This has proven to be a very expensive lesson. impulsive car purchase http://www.daveramsey.com/articles/articleList/category/100423/storyid/103791 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103791 Fri, 13 Mar 2015 03:59:52 CST I was debt free except for my student loan. I had been able to purchase a care, thanks to an inheritance. I had a bad experience with the car dealer and was so angry that I sold the car and bought another one. now I have a car payment on a car that I can't afford. I can't work right now due to health issues. I also impulsively went back to college and incurred student debt but never did graduate with a degree in a field that I am totally unsuited to work in-no aptitude or talent for the area. due to a mix up the lender didn't receive my payment so I put a stop payment on the check and spent the money on dumb stuff. then I got upset because someone told me that I didn't have enough to begin investing because I didn't have enough in my emergency fund and I felt like a failure and that I couldn't do anything right. ended up using credit cards to meet every day expenses. I have been able to pay off the 2 credit cards but still have the car payment and the student loan payment. my remaining income is not guaranteed so I am now living in fear, not financial peace and freedom. moral of the story-seek Godly counsel. learn to forgive those who use you in business and don't use that as an excuse for rationalizing or justifying poor financial decisions. wait before making major financial decisions and learn not to make decisions on impulsive or while angry or feeling hurt. it is major, major, major stupid tax to do so. Dave Says - March 9, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03009 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03009 Mon, 09 Mar 2015 14:03:12 CST I have a problem with impulse spending. I switched to a debit card so that the money comes straight out of my checking account ... Dave Says - March 2, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-02 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-02 Mon, 02 Mar 2015 15:03:18 CST I bought a piece of lake property not long ago, and the developer has first right of refusal if we decide to sell ... One Dull Crayon http://www.daveramsey.com/articles/articleList/category/100423/storyid/103726 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103726 Thu, 26 Feb 2015 10:46:23 CST I graduated high school in 2010 with enough scholarship income to completely pay for my college education. I attended an in-state university with no out of pocket expense my freshman year. When I returned my sophomore year, one of my scholarships had been reduced. That's no big deal, all I'd have had to do was go to WORK and cover the rest myself. I decided to take out my first student loan to cover the rest of tuition and to give myself a little 'spending money'. Stupid, right? I soon found a girlfriend and I wanted to make her feel special, so I spent way more money that I normally would during college (all for the relationship to end at graduation). I gradually increased my student loan debt over the next three years. I had a job, but I could've worked WAY more. I graduated in 2014 with $13000 in student loan debt. I quickly found work, and decided (ignorantly) that I deserved a new motorcycle. I could've paid cash for it if I had waited a few more months, but I wanted it NOW. So tack on an extra $5100 in debt and I found myself roughly $18000 in debt, all of which was TOTALLY AVOIDABLE. Now I'm vigorously working through the debt snowball and should be debt free later next year (2016). Moral of the story: Work when you're in school and don't borrow money to impress a girl who's probably going to break up with you anyway. And be patient with your purchases. A little patience and common sense could've kept me from digging out of a hole in my early twenties. FAFSA Stupid Tax http://www.daveramsey.com/articles/articleList/category/100423/storyid/103716 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103716 Thu, 26 Feb 2015 08:36:42 CST While helping my 18yr old niece complete her FAFSA for enrollment in student aid I Googled FAFSA and chose the first form the popped up on the search. Not realizing I was on a .com and not a .gov I filled out the form with all of her parents and her personal information and used my debit card to pay the $78 filing fee. I of course skipped right over the terms of service and paid without thinking. About ten minutes later I realized my mistake when reading the words FAFSA free application. By the time I was able to request a refund only during weekly business hours, they only refunded the unused portion of the fee which amounted to $39. So I paid the $39 stupid tax. Moral of the story the form is free people, make sure you are on a .gov site! Expensive home security http://www.daveramsey.com/articles/articleList/category/100423/storyid/103699 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103699 Wed, 25 Feb 2015 05:38:03 CST Last year my dear husband made the mistake of allowing a Vivint (home security) salesman into our home. This salesman was top-notch, and after an evening of slowly reeling us in, as we sat down to sign the papers the ugly truth emerged--the contract for this security system would be for FIVE YEARS! And the craziest part is that my husband and I stupidly signed anyway! Who has a five year contract for something?! That's just nuts! Cell phones, TV, internet, electricity, etc, etc are usually 1-2 years tops. I don't know what we were thinking! It's a great security system, but we didn't realize how much more expensive it is compared to other systems because we didn't shop around first (also dumb). So now we're stuck paying a whopping $75 a month for 5 years! No way out of it unless we can prove we were mislead in some way. Stupid, stupid, stupid! ALPHA GAMMA RHO FRATERNITY OFFERING FOUNDATIONS IN PERSONAL FINANCE TO MEMBERS THROUGH E-LEARNING PLATFORM http://www.daveramsey.com/press-release/alpha-gamma-rho-fraternity-offering-foundations-in-personal-finance-to-members-through-e-learning-platform http://www.daveramsey.com/press-release/alpha-gamma-rho-fraternity-offering-foundations-in-personal-finance-to-members-through-e-learning-platform Tue, 24 Feb 2015 15:02:17 CST Alpha Gamma Rho Fraternity is offering Foundations in Personal Finance: College Edition to all of its collegiate members and chapters. Foundations in Personal Finance: College Edition was created to challenge the way students view money and encourage them to make better financial decisions by teaching them the basics of saving, giving and spending. NEW SMARTDOLLAR PROGRAM HELPS COMPANIES TEACH THEIR EMPLOYEES HOW TO BE FINANCIALLY SUCCESSFUL http://www.daveramsey.com/press-release/new-smartdollar-program-helps-companies-teach-their-employees--how-to-be-financially-successful http://www.daveramsey.com/press-release/new-smartdollar-program-helps-companies-teach-their-employees--how-to-be-financially-successful Tue, 24 Feb 2015 15:02:03 CST SmartDollar, a brand new financial wellness program from money expert Dave Ramsey, helps companies and plan advisors equip their employees and participants to better handle their finances so that they can look ahead at the future and retire with dignity. Dave Says - February 23, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-23 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-23 Mon, 23 Feb 2015 15:02:35 CST Should you budget for mad money, or just carrying around cash, when you're trying to get out of debt? HUSBAND GOT A 9 MOS LAYOFF NOTICE http://www.daveramsey.com/articles/articleList/category/100423/storyid/103678 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103678 Thu, 19 Feb 2015 02:32:44 CST Two weeks before Christmas 2014, my husband received a 9 month notice his California company was moving their operations to another state and they had their own team to take over. Because of Dave's teachings, we were totally debt free (except for our mortgage), and had a savings to begin fixing up the house to sell. We were able to cash flow everything including our move to Utah, and put a down payment on a townhouse. We were able to take the ride for the severance package, rolled over to new jobs & now will have our home paid off in 10 years along with becoming "gazelle intense" socking away for our retirement for a projected amount of $1 million plus in 13 years. "LIFE" CAN BE AN OPPORTUNITY & NOT A CRISIS WHEN YOU ARE DEBT FREE! Thank you Dave! Student Loan Debt Overload http://www.daveramsey.com/articles/articleList/category/100423/storyid/103661 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103661 Tue, 17 Feb 2015 12:55:14 CST Like most students in university, my husband (boyfriend at the time) and I didn't think twice about taking on huge amounts of student loans. Not to mention my family encouraged it. I remember being disappointed if I got less money one semester than one of my friends....yah, it was that bad. Well fast forward to graduation in 2011 for me with an undergraduate degree & a masters and my husband graduated in 2009 with a undergrad. We had a combined student loan debt of $110,000 at 5.5% interest + $10,000 in credit card and line of credit debt @7%....YIKES. The sad thing is, like most grads, I felt entitled to get the job I "deserved" and because of that missed some great opportunities and learning experiences. It was not until Feb 2013 when reality smacked me down to earth that my husband and I started going gazelle intense on paying off all of our debts. Its Feb 2015 and we are $25K away from being DEBT-FREE. We also give a tithe to our church are heavily involved in our community and seek God for guidance in everything we do. Thank you so much Dave Ramsey for your teachings. We listen/watch your show regularly and are grateful for your ministry. Dave Says - February 16, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-16 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-16 Mon, 16 Feb 2015 00:02:00 CST I'm 30 and debt-free. Do you think I should stop making contributions to my 401(k) account for a year in order to save up an emergency fund? Wake Up Call http://www.daveramsey.com/articles/articleList/category/100423/storyid/103654 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103654 Sat, 14 Feb 2015 09:35:59 CST After our tax audit, we knew we had to get on the same page and clean up our poor financial management. I was always frustrated with my husband because he wouldnt "step up to the plate" and take charge. After your little Nerd/Free Spirit quiz, it really opened my eyes to our personality types -- we are both Free Spirits, me 80% but him 100%. So what I expected from him was totally out of his character, ability, and knowledge. Since going to Financial Peace two years ago, we are debt free except for the house, our business has exploded, going from $80,000 a year to over $200,000, with residual income booked well into the next 12 years, and growing. Thank you for sharing the blessings of your success. Learning from the Master, we are now able to help others onto their own path to success and financial stability. We are master general agents and own a health insurance agency with 46 agents, 4 agencies. We have no employees and all payments are 1099 by the carriers. By doing things the right way and taking care of others, we now receive agents from our principle carriers and are the envy of our competitors. Thank you for teaching us that Doing the Right things, treating others with kindness and respect as our Lord has taught, is the way to great success. My question is, as a sub S corp, we are investing within the corporation instead of moving the money into personal income. Does it matter where we invest, in the business accounts or personal accounts? We have 10 years on a 15 year mortgage, and think we can pay it off in 3 years. Is this a mistake at our age (He is 58 and she is 62)? We plan to work until age 70. Although we only have $100,000 in retirement, we know that our residuals will be $20,000 a month over the next 10 years, conservatively. Should we put more into investments and keep on track with the house over 10 years, or accelerate the house payment and keep to the 15% into savings? We owe $200,000 on the house which is appraised at $525,000. Thank you Dave ! And may your life continue to be a blessing to others! ENTRELEADERSHIP SUMMIT PROVIDES BUSINESS LEADERS WITH VALUABLE INSIGHT INTO GROWING AND LEADING THEIR BUSINESS http://www.daveramsey.com/press-release/entreleadership-summit-provides-business-leaders-with-valuable-insight--into-growing-and-leading-their-business http://www.daveramsey.com/press-release/entreleadership-summit-provides-business-leaders-with-valuable-insight--into-growing-and-leading-their-business Thu, 05 Feb 2015 15:02:37 CST Business leaders from around the country will hear from some of the most influential names in business and leadership at the EntreLeadership Summit, May 11 to 14, 2015 in San Diego at The Omni La Costa Resort and Spa. “THE DAVE RAMSEY SHOW” THIRD LARGEST TALK RADIO SHOW IN THE UNITED STATES http://www.daveramsey.com/press-release/the-dave-ramsey-show-third-largest-talk-radio-show-in-the-united-states http://www.daveramsey.com/press-release/the-dave-ramsey-show-third-largest-talk-radio-show-in-the-united-states Thu, 22 Jan 2015 11:01:38 CST “The Dave Ramsey Show” is now available on more than 550 radio affiliates and is heard by more than 8.5 million listeners weekly. 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. $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." Stick with mutual funds https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130208 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130208 2015-04-23 09:57:58.98 Becky calls in from Vicksburg, MS. She has her emergency fund in place and has been investing in mutual funds. Recently, a financial planner suggested that Becky invest in bonds. Dave isn't a fan of the idea. Mortgage or Save? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130189 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130189 2015-04-14 14:01:09.81 Kevin in Midland, Texas, just became debt-free. He currently rents, but wants to buy a home, and asks Dave the best way to approach buying a house. Dave has a couple of options for Kevin, and thinks he knows what Kevin will do. No Gossip Allowed https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130183 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130183 2015-04-14 09:31:22.383 Troy owns a small business that is based in Durham, NC. He has attended Dave's EntreLeadership Master Series class, and he wants to implement a "no gossip" policy at his company. Dave gives him a few pointers for getting the idea off the ground. God Whispering To You https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130147 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130147 2015-04-03 09:23:58.813 Randy is eligible to receive money from a class action lawsuit, but he doesn't feel like he was wronged in any way. He calls Dave from Dallas, Texas, for some help making the right decision. Future Plans https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130143 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130143 2015-04-02 09:51:43.213 Patrick in San Francisco is getting his financial act together and looking toward the future. He asks Dave how to best handle his ideas to make his work dreams come true. Car Debt https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130071 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130071 2015-03-24 00:00:00.0 Dave learns that Kendall from Midland, Texas, has a bigger problem than the Baby Steps. He has almost $90,000 in debt from two cars he's upside down on. Difference in Debts? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130013 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130013 2015-03-24 00:00:00.0 Lex needs help explaining to his wife the difference in taking on debt to buy a car and having a mortgage. Dave helps him with this, and explains his view on debt. Biblical Submission? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129995 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129995 2015-02-13 00:00:00.0 Darcy wants to stay debt-free, but has trouble saying no to her husband's purchases. She asks Dave about the biblical definition of submission. No Safety Factor In Gold https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129928 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129928 2015-02-06 00:00:00.0 Steve is retired, and he has about five percent of his retirement savings in gold and silver. He calls in from Denver, CO, to ask Dave if he should hang on to these investments, even though prices have declined, so he'll have something of value if the economy goes bad quickly. Steve looks at the investment as a safety factor, but Dave has some news for him. Keep Flood Insurance? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129900 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129900 2015-02-06 00:00:00.0 Trudy calls in from Tampa, FL, to ask Dave if she should keep her flood insurance policy. She's on course to become completely debt-free in a few months, and is wondering if she'll need the insurance at that point.