Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Sat, 28 Nov 2015 08:11:59 CST 180 Saturday Sunday Dave Says - November 23, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-23 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-23 Mon, 23 Nov 2015 11:11:33 CST How do you have a wedding without debt? New life style in our 20's http://www.daveramsey.com/articles/articleList/category/100424/storyid/104611 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104611 Fri, 20 Nov 2015 10:21:14 CST My husband and I got married in 2009. I also graduated college in 2009 and he's in the military. I bounced around for over a year before I finally landed my first "career" job. I remember looking back on those days and knowing how little money we had. It was hard. After we both were contributing to a nice income (my career job, his moving up in rank significantly), we felt good. We were able to do more things that we wanted. It didn't change the fact that we would go out on the weekend and then dread looking at our bank on Monday. There were even a few times I remember having to pay overdraft fees. We started the 10 steps in February 2012. In the beginning we were incredibly tight and watched every penny. Now I give a little more leniency but the program still works for us. We started with $132K (cars, student loans, credit cards) and we've paid off about $70K in almost 4 years. Maybe not the best progress but as a young family we had no guidance to start out and have come a long way. Dave Ramsey changed us. Changed our way of life and we can see the results of that. This month I was finally able to do a spend down plan. We're on target to make our last debt payment in October 2018. We can finally see the light at the end of the tunnel and after 4 years, it gives us renewed motivation to finish step 2. We live comfortably. We have better finances than any of our friends. But most importantly we have something to fall back on. If ever we feel like impulse buying or going further into debt, we remember what we're trying to do. We want to be debt free! If We Can Do It, So Can You!! http://www.daveramsey.com/articles/articleList/category/100424/storyid/104600 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104600 Wed, 18 Nov 2015 01:20:04 CST In the spring of 2014, friends of ours introduced us to a business opportunity which encouraged us to read a variety of self-help books, including Dave Ramsey's books. This was the first time we sat down as a married couple and took a good look at our finances, including our $25,000 student loan debt. We've had this debt since we got married 3 and a half years ago, and it's always been over us like a black cloud. My husband would want to make a budget and be more diligent with our expenses, but I would want to spend money freely and be ignorant of the fact that we had debt. Well, after sitting down together we decided we needed a budget. Let me tell you, we wouldn't have paid off our debt without a budget!! We got serious about paying off our debt in January 2015, and I worked about 25 hours of overtime each week from January until March. I became obsessed with all of Dave Ramsey's books and would tell everyone about them (still do!). At times it was SO hard to be diligent with our money because it seemed like we were working so hard yet hardly making a dent! We slowly began chipping away though, and after working tons of hours and selling things and using a budget and just saying NO to spending our money on silly things, we finally paid off our debt in October!!! It took us 9 really intense months but we are so relieved and proud of ourselves. Thank you Dave for all of your teaching. At 25, we are now debt free and saving for our full emergency fund a house. We couldn't have done it without all of Dave's great teaching!! Dave Says - November 16, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-16 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-16 Mon, 16 Nov 2015 11:11:10 CST My wife and I are on Baby Step 3 of your plan. When we have standard car repairs, I want to use the emergency fund. She says that kind of thing isn't an emergency ... God does honor the committment http://www.daveramsey.com/articles/articleList/category/100424/storyid/104599 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104599 Mon, 16 Nov 2015 08:17:39 CST I have been trying to pay on bills all my married life. Raising kids stretched the budget as well as working part time on basically minimum wage and we just wanted to pay the minimums on time every month. Now the kids are grown, I returned to school and work full time with an elevated income and the timing was perfect to be motivated by Dave Ramsey. I had read the books and saw that people were getting out of debt in about 2 years. I was super jealous. Felt it was impossible especially with our bad luck with cars. However, with gazelle like intensity, we started this journey about 18 months ago. Turning down vacations with friends that we truly could afford, eating at Burger King with coupons to satisfy our need to have a little outing, going away for one night for a vacation instead of a week. We were about 3,000 away from paying off the last debt from a car when that car got totaled in a weather related incident. For the first time, we didn't freak out, prayed and asked God to give us a car that would be less than we would received from the insurance company. This is exactly what happened and after an extra week check in October, we are now debt free. We paid off 3000 in credit cards, 13,000 in student loans and 8000 in car loans. This was done with working an extra job, spending way less, and changing my mentality from how much is the payment a month to , do I have the cash. My husband is from a family that is not the best with finances and to hear him get excited about savings and the fact that it might be possible to pay cash for the next car, just makes me smile. Dave,you have helped change my mind set which has gave us peace beyond what words can express. I feel that God did truly honor our dedication. Whew!!! now to start our savings Slow but steady http://www.daveramsey.com/articles/articleList/category/100424/storyid/104597 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104597 Mon, 16 Nov 2015 03:30:43 CST Five years ago I was injured to the point where I was unable to return to my job for nearly a year. Prior to my injury I was already living paycheck to paycheck, was in school full time, working full time and a per diem job. I had a massive amount of debt and was only paying the minimum balances. When I was unable to work, my long term disability only covered my full time job wages and I quickly fell behind. I started using new credit cards to pay my bills. Little did I know this was an awful idea! I quickly racked up more debt that I could not manage. I was finally able to return to work after my unplanned surgeries and was overwhelmed with my debt. I stopped going to school so I could just work. I finally went back to school and finished my degree a few years later in hopes that it would surface a better job, which has not been the case. It has been two years since my aunt first told me about your program and I was a skeptic at first. I had $123,000 between credit cards, student loans, medical bills, and car payments. In the past 2 years however I have established my emergency fund, which is still slowly growing after I hit my $1000 mark, and have paid off nearly $25,000.00 in debt! I now have no credit cards and I feel security rather than worry if some unplanned expense pops up. I feel like I can breath again. I still have a ton of debt to tackle due to student loans, but I am hoping they will start to become history just like the rest of the debt. No stress holiday season http://www.daveramsey.com/articles/articleList/category/100424/storyid/104596 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104596 Mon, 16 Nov 2015 01:20:18 CST We started our debt free journey 7 months ago. I was 38 weeks pregnant with our second child and knowing our child care cost were about to significantly increase I knew we had to do something. I finished reading Total Money Make Over in about 3 days and we started the night I finished. We had a little bit in savings so our $1,000 emergency fund was already there. We took what was left that very night and paid off $1,000 credit card and about a $1,000 student loan. We then cut out every single unneeded expense. We cut out cable and switched to just internet and huluplus for entertainment. We broke up with Sprint and switched to Boost Mobile, saving about $140 a month on that alone. Next we paid off our $5,000 car loan (still had a little bit more than the $1,000 in our emergency fund so we used that up here.) Next paid off what we owed on a vacation property (close to $5,000 there too.) We just finished our 6 month emergency fund two weeks ago. We set up our 15% total house hold income for investing which is so exciting. We did refinance to a 15 year loan with a lower interest rate, but will pay the house off long before that God willing. We are also able to pay our baby sitter a very fare wage and have our children cared for in our own home which is the biggest blessing to me from this entire process. We are so excited to be able to have a stress free holiday season this year! I was so worried last year about gifts that it took some of the joy out of the season for me. This year we have planned ahead and have a reasonable budget to allow us to give freely to those we love and also to some families in our community who wouldn't have a Christmas other wise. I think that is acutally more enjoyable to me this year than giving gifts to people I know. Thanks Dave! AVOIDED stupid tax http://www.daveramsey.com/articles/articleList/category/100423/storyid/104594 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104594 Sat, 14 Nov 2015 11:14:20 CST My Craigslist washer chases me out of the laundry room. The same week we dropped $600 (we didn't have) in car repairs, my dryer died. My hubby is weeks away from a hip replacement and in a lot of pain. I didn't see how he would be able to get a Craigslist washer/dryer off the truck and in our basement. The pressure to buy a new washer and dryer on credit and have it delivered was huge. There we were in the Big Box store applying for a credit card. My stomach was in knots. Hubby was telling me "Dave Ramsey will not be happy." Turns out we only qualified for half the cost of the machines and we have no money for the other half. PRAISE the LORD! We walked out of there thanking the Lord for protecting us against this very stupid idea. God spoke to my heart and said "you need to trust Me!" So, back to Craigslist I go. We can do a laundromat. We can do this! 3 Long Years http://www.daveramsey.com/articles/articleList/category/100424/storyid/104593 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104593 Fri, 13 Nov 2015 03:05:50 CST Good morning, I have bought your book twice because I gave my first copy to my ex-husband when we got divorced as I thought he needed it more than I did at the time. We were together for about 8 years, and I ended up supporting us as best I could for about 2 years while we bought a commercial fishing vessel and he became his own captain as fishing is the love of his life. I accrued about $4,000 in credit card debt. After our amicable divorce, I worked on paying off my credit card. Then the saga of my support dogs medical problems started. Over the last three years, I have spent about $17,000 on her for: two ACL surgeries, removing a bone tumor from her head and we had to fly to WSU, flying down for a follow up six months later, and lastly two root canals because she hit a trailer hitch and broke her front teeth off chasing a ball. Two months ago when she broke her teeth, I was able to pay the $1,200 vet bill with cash and not have to put more money on my credit card for this unforeseen medical expense. I have also worked as much overtime as possible at my job, and had a few other part times jobs over the course of the last two years, sacrificing many adventures with my support dog, fun social events, and sleep. It has been a very long, hard road, especially as other medical bills happened and my goal date of debt-freedom would come and go. I paid for my dad???s Subaru with cash when he bought a new one and I worked my butt off in college to graduate with no debt, so having credit card debt was my first experience with paying a finance charge, and it hurt every month, year after year. I have followed your principals as best I could (sometimes better than others), and by showing restraint, having a budget and sticking to it, and making sure that I have an emergency fund, today is the day. I worked 28 hours of overtime last pay period (119.75 hours of OT this year), and I am finally able to pay off my credit card for good. Not gonna lie, I might be a little weepy right now. I have to thank you for giving me the tools to set myself up for success, if I wanted it bad enough. And trust me, I told myself many times ???don???t buy things with money you don???t have???, and ???one day I will be able to pay for all of this and more without having to buy it on credit???. Along the way I have also been able to save for retirement, and in July I was able to purchase my first house, a townhouse end unit condo in the same neighborhood I was renting in. (I will say that the housing market is odd in Juneau, Alaska, and I paid more in rent than I do for my mortgage.) In showing restraint, and giving reasons for why I didn???t always participate in fun group activities, one of my other friends has also found the motivation to change his ways and actively work to pay off his credit cards and live without finance charges. Another friend has taken a serious look at her financial life and is also making some positive changes. Being able to pay off my credit card today is probably a day I will celebrate as an annual holiday for a few years. It???s kind of a big deal. And I'm not even ashamed I'm a little weepy. Baby Stepper enjoying the progress! http://www.daveramsey.com/articles/articleList/category/100424/storyid/104592 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104592 Thu, 12 Nov 2015 01:36:38 CST Still tackling that debt! We???re still on step 2; however I wanted to submit this to encourage anyone out there who is feeling a little discouraged. We have our Emergency fund in place, and have been on Step 2 Since January of 2015. We???ve tackled a lot; however Murphy (law) keeps throwing us curve balls. We started the year with $24,007 in debt, Medical bills, and stupid credit cards. We???ve been able to payoff our entire medical bills approx. $3500, A credit card $4700 (completely paid off now), Braces $1080, and another $4000 (on a second credit card). Right now we owe $10,507 but we???ve had to put the repaying processing on hold a little due to Murphy. What do I mean Murphy???s law, Tires on one vehicle, Brakes on both vehicles, washer and dryer repairs etc. Regardless of where you???re at in your 7 step process, one thing Dave Ramsey tells you is that Murphy???s Law things are always going to go wrong in regards to repairs, purchases, etc. It???s true you???ll be tested on your snowball journey; however we stand up with our heads held up high because we???ve cash flowed everything. We had to pay for repairs etc which is part of life, but we didn???t have incur more debt we just paid cash. Yes, it stopped our snowball; however that???s life. Things will break, you???ll need to repair things etc. I???m happy because we were able to pay for all those repairs with cash, we haven???t used credit cards in over a year, and we???re not going back. I can???t wait to tackle the last $10507 we owe and move on to step 3. Life???s been looking up for us, We don???t keep up w/the Jones??? because we???re Weird and we love it! So keep pushing, it will get better, and then you???ll be able to LIVE AND GIVE LIKE NO ONE ELSE!!!! A grateful babystepper! Dave Says - November 9, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-09 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-09 Mon, 09 Nov 2015 09:11:16 CST I work as the executive director of a nonprofit charitable organization. Lately, I've been wondering if I should hire an employee as a development person ... Laid off at 50, millionaire at 54 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104579 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104579 Sun, 08 Nov 2015 11:36:26 CST I had worked for a large international grocery manufacturer for 25 years when they decided to outsource their entire sales force in 2011. I worked in field based sales and was earning a little less than $65K per year. After 6 months of unemployment, I found another position within my industry, and after 3 years I am back up to around $50K. At the time of my severance from this company, I also transferred all of my 401(k) and pension accounts to a local investment advisor. For the few months that I drew a new salary plus received severance pay, I used that money to establish a $20K Emergency Fund. My initial investment of $260K that I transferred from my old company has grown to over $360K in 3 years. My wife works in manufacturing and has been with an employee-owned company for almost 20 years. She has accumulated over $100K in her 401(k) plan at work, and her employee ownership fund is now over $300K and growing exponentially. She also bought out her first husband in a divorce many years ago, and her old house is now paid for and generating a small rental income of $675 per month. In 2011 my income reached it's highest level at $63,700. It has since recovered to around $50,000. My wife's income varies as to the amount of overtime she signs up for, but she usually makes from $45 to $53K per year. Together our income teeters right around the $100,000 level. In 2012, we consolidated our mortgage and 2nd mortgage line of credit into a fixed rate and payment home equity product for $98K. At that time, we also opened a new HE credit line for $60K to fund a kitchen remodel we planned for our old farmhouse. At the height of our draws against the line of credit, we probably had over $150,000 borrowed in 2012. Now in November 2015, we only owe about $38,000 more on both notes and have paid off more than $110,000 in less than 3 years, while making less than $100K per year. Even though we were servicing huge chunks of debt each month, we are far from living like paupers. I drive a company owned vehicle, and my wife drives an '89 Acura with over 180,000 miles as her daily beater. But we also have an '06 Nissan Frontier crew cap truck (86K miles bought used) when we want something nice, and also an '03 Audi TT Roadster (77K miles, bought used) when we want something even nicer. And a 2000 Suzuki motorcycle. And a Polaris Ranger electric vehicle and Gravely commercial lawnmower for keeping up with 3 acres of yard and gardens. The assessed values of both the rental and our primary residence is a little less than $300K. With the house almost paid for and no other debts, and since we plan to retire and never relocate from our home, we recently decided to go ahead and get started on an $180,000 addition we have been planning. While shopping for mortgages at local institutions, a new bank in town offered a program for only their "high net worth clients" that featured a rate of prime -.25% for clients with a net worth over $1,000,000. I filled out the loan paperwork this weekend and figured out on their balance sheet that we currently have a net worth of $1,059,266, give or take a few thousand. My wife didn't go to college and I was a solid C+ student that majored in not studying. We've both been divorced and I have a 27 year old daughter living out of town. We've both lost jobs and very seldom earned over $100,000 in a year. My wife was lucky to go to work for a very successful employee-owned company, and we were both very smart to start sticking some money out of every paycheck into our 401(k)'s. Sometimes we maxed out at 15%, other times we had to drop down to 5%, but we always kept funding it. in four more years when we're 59 1/2, we will probably continue working part time somehow on our own terms, but we plan to be relaxing in our country dream home when not traveling or doing volunteer work. My words of advice are - No matter if you get a divorce, loose a job, or never make the kind of money the "rich" people earn, you can still be a millionaire. Or you can be stupid, blow all your money and cry about being broke. No brainer, being a millionaire is a lot more fun! Debt Free in One Year http://www.daveramsey.com/articles/articleList/category/100424/storyid/104577 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104577 Sat, 07 Nov 2015 12:51:49 CST I had always been taught to save my money, but never learned to effectively budget. I avoided debt as much as possible and even paid off $25,000 in student loan debt in 1.5 years after graduate school. I never had credit card debt in my 20s and would always pay off my monthly bills. I thought I was good with money until I started an expensive habit of ballroom dancing at the age of 29. I loved dancing, but quickly racked up $10,000 in credit card debt because I was spending money I didn't have and not using any kind of budget. I also made a hasty and bad decision to get braces at the age of 30. I was initially told that insurance would cover half the cost of the braces, but after I had them put on, I found out nothing was covered because I was an adult! I was so mad at myself for creating so much debt at the age of 30, thinking I should have known better. This was not the way I wanted to start my 30s. I looked for budgeting solutions but could never find the right one and would still spend more than I had. One day at work, a coworker happened to mention a book she liked, which was the Total Money Makeover. I looked up the book and bought it online. Once I got the book, I read it in two days and loved every page. I reread certain chapters because they were such good advice, I desperately needed. I found a great budgeting tool and started my debt snowball. I used the phrase "gazelle intensity" every time I was faced with the option of buying something. I worked a second job of housesitting to earn extra money. Within a year of my 30th birthday, I had completely paid off my debt. At the age of 31, I am now completely debt free and I paid off my final credit card bill the day before my birthday. It was the best present I could have ever given myself. I am now saving for a used (not new because they lose value, like Dave says!) car. I am so excited to soon be able to buy my car! Anytime anyone brings up leasing a car, the first thing I say is "a lease is a fleece." I am so grateful for Dave's amazing book that inspired me to work hard to change my life for the better. The guilt and anger towards myself is gone! From Homeless to freedom( 17207$ paid) http://www.daveramsey.com/articles/articleList/category/100424/storyid/104573 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104573 Thu, 05 Nov 2015 04:28:30 CST At 1000 am On November 5, 2015 I woke up to my surprise that I had paid $17207 in student loan. I am 24 years old debt free. My story started when my mum and I immigrated to Canada 5 years ago from Africa , Rwanda, with nothing else in our pocket other than asylum papers. By God's grace, we were legally accepted as refugees. That was where my life started to turn into right position. Now I could be able to go back to high school, then college with anticipation to get a better education then a better life. Thanks God that I was able to finish high school then college without being a school drop out. During those years, my mum and I were often living from shelters to shelters and could see my mum crying all the time because as a parent, she was not able to provide any financial assistance for my education. But what I am grateful for my mum is her prayers for me. Back to my journey to being debt free, I graduated from college with 17200$ in student loans. The reality hit when after finishing college, It took me 4 months to land a stable job in my career ( Aviation) . During those 4 months, when I often worried about money too much, I could spent more time in a public library in order to pass time while holding a temporary job as housekeeping attendant. Then I came across Dave Ramsey book - a complete guide to money. To be honest, Dave got my attention and kept reading this mystery in how to break chain of slavery and poverty by taking control of money. All those information was like a treasure to me since being a 23 years old, I had never heard even one time a person telling me how to take control money. I always believed in saving money but that alone give no freedom. After reading the book, I thought to myself well I have this great information but how do I put in practice. In October2014, God blessed me with an entry position as a flight dispatcher. With priceless information I got from reading Dave's book, I could see myself going ahead in being a debt free person. I promised to God to honor Him in my finance by tithing every month regardless of my income ( started earning 1800$ and now 2100$. God proved His character by meeting my needs ( first providing a cheap rent since I was now living hundred miles away from my mum, to giving me great landlord who most of the time I helped him in housekeeping chores around the house and got some extra money to reduce my student loans. I remember this summer, I biked to work every day so that I can save money from public transportation and put that extra money to pay down at my loan. With great help and grace from God, I paid 17207$ ( my only debt) with in one year on low income. That debt might look to be no big deal for some people, but for me It was a heavy burden. I thank God, Dave Ramsey, and every body who shared their debt free journey whether on website or on radio. I literary read and listened to every story for encouragement and here I am sharing mine. I am so excited to move to baby step 3 and If a poor immigrant lady can be debt free, you also can. Thank you Dave and I am debt freeeeeeeeeee. Dave Says - November 2, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-02 http://www.daveramsey.com/davesays/column/column/dave_says_2015-11-02 Mon, 02 Nov 2015 00:11:00 CST Our son is a senior in college. We all signed a contract before he left for school a few years ago stating that we would pay for school and provide him a car to drive as long as he maintained good grades and behaved in a respectful and mature manner. Over the last couple of years, his grades have dropped and he's been acting more and more disrespectful ... Ramsey Solutions Closes on Property in Williamson County http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county Wed, 28 Oct 2015 14:10:57 CST Ramsey Solutions has closed on the southernmost 47 acres of land in the Berry Farms development of Williamson County. Dave Says - October 26, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-26 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-26 Mon, 26 Oct 2015 10:10:14 CST My wife and I just started your class, and we're determined to get out of debt. At the same time, I'd like to do something to reduce the stress in her life. She's a nurse, and she works three 12-hour night shifts a week ... Stupid Tax/ but wise idea http://www.daveramsey.com/articles/articleList/category/100423/storyid/104536 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104536 Wed, 21 Oct 2015 08:21:28 CST As the story goes on and on, everyone have had some kind of experienced once or twice in a lifetime with NSF letter from the bank. I charged in Wal-Mart for $1.56 on unknown item, never thought be aware of my circumstances. Swiped my card, ring, not approved. Few days, later, I got letter in the mail. NSF were attempted charge for on such...such...item on 8/15/2014 at Walmart. (location, McDonough.) $29.99 charges....This is great...it was 3 times. Dave Says - October 19, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-19 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-19 Mon, 19 Oct 2015 12:10:08 CST My husband and I live on a budget and are getting out of debt. Our daughter is in high school, and we've been teaching her about your plan ... Help Wanted? http://www.daveramsey.com/articles/articleList/category/100423/storyid/104531 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104531 Fri, 16 Oct 2015 04:18:05 CST Me and my wife are in Financial Peace University for the 2nd time. We have hit baby step 1 at least 3 or 4 times. At each time we started baby step 2 Murphy and his 3 cousins would come along and knock us down to step 1 again. After fighting the fight repeatedly we got frustrated, aggravated and tired. It seemed like we just can't get ahead. Like we just can't make it on our salaries. We owe 110,000.00 on 40,000.00 salary. We have medical bills and school loans. We were pitched that lie that education debt is good debt. It was stupid tax to the extreme. It seems like we just can't make it. We have a house payment of all most 1100.00 dollars monthly. and we have a monthly income of 3100.00 dollars. We tithe at our family church and give birthday gifts to kids and a offering to Alzheimer's victims ministries. We didn't know it would be this hard. We are drawing strength from our class at FPU small group study but it is hard. We fuss and fight about money and the power of who will buy what, when and where. I am training to work at H & R Block in the upcoming tax season (2015) and my wife is looking for work after her teacher assistant job, a few hours a day. I would like to find something when I'm not doing taxes. My school loan debt grows about 10 dollars a day and at last count was 82,000 dollars. I didn't know it would be this hard. I am buying a house almost 8 years ago. I wish I had found Dave sooner to tell me that broke people shouldn't buy houses. You should rent and pay down your debt. I want to move back in with my parents and sell our house but my wife can't get along with my parents. It would only be for 3 - 4 years so we could clean up our debt and do this house thing right. financially it makes sense. We could take the 1100 we are paying on this house (45% of take home pay according to Every dollar budget) and attack the debt. We would be living rent free. Avg rent around here is 800 - 900 dollars monthly. Mom and Dad would help us out and we would help them as they get ready to retire, they are 68 now. They don't have much longer but I can't get my wife to see or agree to that. She wants to keep this house, this boat anchor around our necks. She has even threatened that she won't come with me if I go back to live with my parents which means the death of my marriage. At the rate we are going I will be 65 before I pay this house off and my dream of retiring a millionaire will go up in smoke. I've had that dream since I was 15 years old. Now my wife wants to have children and I try to get her to see that we realistically, really can't afford children with all the debt we are carrying, (I'm 43 and she's 38 years old.)I don't know sometimes. It's just hard. Please Advise. Dave Says - October 12, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-12-2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-10-12-2015 Mon, 12 Oct 2015 09:10:55 CST I've spent most of my marriage not being a good husband and not being involved in our family finances. After being introduced to one of your programs at work, I realized how irresponsible I had been and went home to apologize and tell my wife about it ... DAVE RAMSEY ANNOUNCES ALL-NEW FOUNDATIONS IN PERSONAL FINANCE: MIDDLE SCHOOL EDITION http://www.daveramsey.com/press-release/dave-ramsey-announces-all-new--foundations-in-personal-finance-middle-school-edition http://www.daveramsey.com/press-release/dave-ramsey-announces-all-new--foundations-in-personal-finance-middle-school-edition Tue, 06 Oct 2015 16:10:36 CST Ramsey Solutions is launching a brand new curriculum, Foundations in Personal Finance: Middle School Edition, specifically designed for grades 6 to 8. Dave Says - October 6, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-0906 http://www.daveramsey.com/davesays/column/column/dave_says_2015-0906 Tue, 06 Oct 2015 10:10:19 CST I'm having issues with my youngest brother, and I need some advice. He's 25, divorced and has two kids. He only wants to play dad when it's convenient for him, and he's very irresponsible with money as well ... RAMSEY PRESS BEGINS PRE-SALES OF NEW BOOK BY CHRIS HOGAN http://www.daveramsey.com/press-release/ramsey-press-begins-pre-sales-of-new-book-by-chris-hogan http://www.daveramsey.com/press-release/ramsey-press-begins-pre-sales-of-new-book-by-chris-hogan Thu, 01 Oct 2015 11:10:56 CST Retire Inspired, published by Ramsey Press and authored by financial expert and speaker Chris Hogan, is now available for preorder. Dave Says - September 22, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-09-22 http://www.daveramsey.com/davesays/column/column/dave_says_2015-09-22 Tue, 22 Sep 2015 10:09:20 CST I recently tried to cancel a credit card, and the customer service representative told me that doing this would cancel out my entire 14-year credit history ... Dave Says - September 15, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-09-15 http://www.daveramsey.com/davesays/column/column/dave_says_2015-09-15 Tue, 15 Sep 2015 09:09:06 CST I started my own small bakery from home two years ago, providing wedding and specialty cakes. I just found out I'm pregnant, and while my husband and I are really excited about the baby, we're worried about how we'll handle things after the baby is here ... RAMSEY SOLUTIONS SURPASSES MAJOR MILESTONES IN 2015 http://www.daveramsey.com/press-release/ramsey-solutions-surpasses-major-milestones-in-2015 http://www.daveramsey.com/press-release/ramsey-solutions-surpasses-major-milestones-in-2015 Mon, 14 Sep 2015 09:09:17 CST Millions of people have been empowered to take control of their financial lives with the help of Ramsey Solutions. For Profit "Colleges"... http://www.daveramsey.com/articles/articleList/category/100423/storyid/104377 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104377 Tue, 01 Sep 2015 11:57:14 CST Our stupid Tax is going to over shadow us like a dark cloud for DECADES....We both my husband and I got those Sallie Mae Student loans some subsidized so not. We had two very small loans in the late 1990's. Then I went back to "college" at one of those schools we see 'hyped up' on television all the time. This "college" took my old good loans and rolled them into "their new" student loans (without the protections of the old loans). My little $2,000.00 old loan was rolled into the new $16,000 on the day I graduated. Because of the method and system that new loans are processed and 'calculated"....my little $16,000 loan grew into a $32,000 loan in 10 short years. My husband's loan of around $1,400.00 grew into $4,000 loan, then a $9,000 loan. We both just received one of those Navient/ECMC notices....our loans are now at at $52,000 at date of projected payoff, and my husband is at $25,000 at projected date of payoff. How old will we be at payoff, if we make the minimum payment? Age 80 buy the time we pay off these two loans. Our real anger is in the fact that these colleges are fake. They just herd students in with false promises only to money mill tuition out of them. No one I know, including myself has a better job than when they attended and received their diplomas. I even had one career counselor tell me that unfortunately....the diploma isn't worth the paper it is printed on! Restarting http://www.daveramsey.com/articles/articleList/category/100423/storyid/104374 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104374 Thu, 27 Aug 2015 10:22:02 CST 49yo couple, married 3 yrs with a 5yo daughter. Came together with a lot of debt. Took class 1 1/2yrs ago with $61,208 in debt Today, I owe $6550 in a lot loan (was $14500) and $37,454 in a low interest (2.1%) long term loan. No credit card debt and no car loans. I have the $1000 Emergency Fund. We rent but would like to buy a house. After bills, we have about $500 left to put towards debt and/or save for down payment of house. I feel like we have improved our financial situation but the low interest loan/debt has taken off some of the pressure, but not sure that's a good thing. Instant stupidity transfer http://www.daveramsey.com/articles/articleList/category/100423/storyid/104345 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104345 Thu, 13 Aug 2015 06:00:04 CST Several years ago I had an offer to transfer to a 1.9% balance transfer. I was at the time paying about 12% so I figured it was a good deal. I took the check provided and deposited the $10000 check into my checking account and then sent another check to the other CC company. I was hit with a 5% advance fee since I didn't send the check directly to the CC company. Bottom line it cost me $500 to make the transfer. I'm now debt free so this will NEVER happen again! One stupid tax we avoided... http://www.daveramsey.com/articles/articleList/category/100423/storyid/104331 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104331 Tue, 11 Aug 2015 12:01:03 CST Having stumbled around financially for years, I'm sure there are a lot of "stupid tax" stories my husband and I could tell, but here's one we avoided...When it came time to buy band instrument's for our 6th grade daughters, we were encouraged to finance them through the music store that partners with our school district. We found that even with a 20% discount for buying them outright, they charged nearly twice as much as other music stores in the area. We saved even more than that by shopping for good condition used instruments at two different pawn shops. We actually came in under budget and saved 75% of what we would have made in monthly payments. It was sad to see how many parents who could barely pay for their kids lunches were lining up and committing to payments on instruments they can't afford. Stupid, Stupid, Vacation http://www.daveramsey.com/articles/articleList/category/100423/storyid/104327 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104327 Fri, 07 Aug 2015 05:08:01 CST March 2013. We owe 85,000 on the house, 30,000 on two cars, 25,000 on student loans, and 10,000 on credit cards. Total debt ? $ 150,000. But my wife and I make $ 150,000 a year so we can do whatever we want.. everyone has a mortgage, two car loans, two student loans, and 4 credit cards. So we spend 10,000 on a trip to ITALY!!! By August of 2013 I'm wondering how we are going to pay all the bills and why we make all this money and we are broke. Walking thru Walmart I spy TMMO. Best 20 bucks we we ever spent. 2 years later... Total debt under 80 K. Getting there... Steve in Wichita Just getting started http://www.daveramsey.com/articles/articleList/category/100423/storyid/104312 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104312 Mon, 03 Aug 2015 08:34:34 CST My wife and I are sick to our eyeballs with our debt!!! We almost have our 1000 dollar starter emergency fund and ready to tackle our debt. We owe roughly 65k on credit cards, cars, and a personal loan. I would win for the stupid tax award of the year because one of the vehicles, my truck, when through paying it off I would have paid it off three times already. DUMB!!!! I kept taking out title loans to buy stupid stuff!!! We have finally woken up and ready to be debt free! Thankfully our income is good, combined 91k per year, and no collector calls yet. I am positive if we didn't wake up now that soon we would be so deep they would start calling. We want to pay off our debt, we want to save for retirement, we want to pay CASH for our daughters college! We can do this!!!!! We need some encouragement and prayers! God's got this!!!!!!!! I deserve it http://www.daveramsey.com/articles/articleList/category/100423/storyid/104289 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104289 Mon, 27 Jul 2015 07:22:31 CST After a recent divorce, i listened to people who told me, " You should buy a new car, you deserve it". The payments are killing me. It is my only vehicle. I tried to get rid of it but the miles are just ahead of the curve everytime which keep me upside down on its worth. My only choice is to keep plodding along and pay it off as soon as i can. No bonuses for me, for a while anyway. Then i doubled down and bought a new motorcycle, What was i thinking, Bikes gone, workin on the car. Stupid, stupid, stupid. Never again. LPL FINANCIAL ALLIES WITH RAMSEY SOLUTIONS TO PROVIDE A NEW FINANCIAL WELLNESS PROGRAM TO ITS PLAN ADVISORS http://www.daveramsey.com/press-release/lpl-financial-allies--with-ramsey-solutions-to-provide-a-new-financial-wellness-program-to-its-plan-advisors http://www.daveramsey.com/press-release/lpl-financial-allies--with-ramsey-solutions-to-provide-a-new-financial-wellness-program-to-its-plan-advisors Mon, 20 Jul 2015 09:07:43 CST LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that it has established a relationship with Ramsey Solutions to offer the financial wellness program, SmartDollar, to LPL retirement plan advisors and plan sponsors. SCHOLARSHIP WINNERS ANNOUNCED IN DAVE RAMSEY’S FINANCIAL LITERACY CHALLENGE http://www.daveramsey.com/press-release/scholarship-winners-announced-in-dave-ramseys--financial-literacy-challenge http://www.daveramsey.com/press-release/scholarship-winners-announced-in-dave-ramseys--financial-literacy-challenge Tue, 07 Jul 2015 13:07:47 CST Dave Ramsey’s Foundations in Personal Finance announces the winners of the college scholarships awarded in The Financial Literacy Challenge, including a $36,000 scholarship. DAVE RAMSEY HOSTS SMART CONFERENCES IN PHOENIX AND DENVER THIS FALL http://www.daveramsey.com/press-release/dave-ramsey-hosts-smart-conferences-in-phoenix-and-denver-this-fall http://www.daveramsey.com/press-release/dave-ramsey-hosts-smart-conferences-in-phoenix-and-denver-this-fall Tue, 19 May 2015 16:05:41 CST New York Times best-selling author Dave Ramsey will host the Smart Conference in Phoenix and Dallas this fall. Ramsey Solutions Launching Christian Financial Radio Show on Salem's Christian Radio Stations http://www.daveramsey.com/press-release/ramsey-solutions-launching-christian-financial-radio-show-on-salems-christian-radio-stations http://www.daveramsey.com/press-release/ramsey-solutions-launching-christian-financial-radio-show-on-salems-christian-radio-stations Wed, 13 May 2015 15:05:07 CST Ramsey Solutions is entering the Christian radio space, and has joined forces with Salem Media Group (NASDAQ: SALM) to initially launch in twenty of its major markets including Dallas, Houston, Philadelphia and Atlanta. DAVE RAMSEY ANNOUNCES STOPS ON HIS FALL 2015 ENTRELEADERSHIP ONE DAY TOUR http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2015--entreleadership-one-day-tour http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2015--entreleadership-one-day-tour Thu, 30 Apr 2015 13:04:41 CST Nationally syndicated talk radio show host and New York Times best-selling author, Dave Ramsey, presents EntreLeadership One Day in four cities this fall. 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. $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." Starting out https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130828 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130828 2015-11-23 12:23:53.3 Jennifer's husband recently lost his job. Now, he's thinking about using his experience and connections to open his own company. Dave has some start-up advice to help them get things moving in the right direction. REITs vs. rents https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130820 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130820 2015-11-20 11:09:30.017 Young Juan calls in from the Caribbean to ask Dave's opinion of real estate investment trusts compared to actually owning rental property. The reason is freedom https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130815 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130815 2015-11-17 10:43:12.14 Dave encourages small business owners on-air and in his EntreLeadership Master Series class. He reminds everyone that the free enterprise system helped make America great. Structure things intelligently https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130806 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130806 2015-11-12 00:00:00.0 Jeremy is a software developer who has the chance to start a side business with a co-worker. He asks Dave if this is okay while he and his wife are in Baby Step 2. Dave doesn't see a financial problem with this unique opportunity, but advises Jeremy to be careful how they set up the new venture. Personal vs. business https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130779 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130779 2015-11-09 14:43:08.597 Anne from Dayton, Ohio, asks Dave if he views personal debt and business debt the same way. Dave explains that the only real difference between the two is in your mind. You can catch up later https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130772 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130772 2015-11-06 11:00:19.8 Steve will be losing his job soon, but he's in a unique situation to handle things. Dave advises and congratulates him for doing such a good job with his finances and looking out for his family. Sell as-is https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130735 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130735 2015-10-26 12:16:40.287 Kim and her husband are relocating. They wonder if they should take on debt in order to fix up the house they're selling. Dave has a short and simple answer for them. Doing the right thing https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130726 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130726 2015-10-21 00:00:00.0 Carla's son, who is a senior in college, has been misbehaving and acting disrespectful toward his family. She and her husband decided to take strong measures in response, and now she's wondering if they did the right thing. Dave and his guest, Dr. Meg Meeker, reassure Carla that their actions were appropriate - and helpful - in the long run. Decide with her https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130707 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130707 2015-10-16 10:10:47.747 Randy has what he thinks is a good idea to help relieve stress in his wife's work life. Dave reminds him that it's really her decision, and that they should talk about it and come to a conclusion together. The numbers don't work https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130676 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130676 2015-10-01 14:49:27.0 Courtney has seen a lot big plans for her life fall through. Now she faces life with an apartment lease she can't afford and a child. There aren't a lot of options here, but Dave offers some help and encouragement.