Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Sat, 28 Mar 2015 09:03:07 CST 180 Saturday Sunday 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? I have found true freedom... Financial Freedom http://www.daveramsey.com/articles/articleList/category/100424/storyid/103830 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103830 Mon, 23 Mar 2015 01:05:19 CST I have found true freedom and peace.... in Financial freedom and the peace which only Christ can bring. I grew up in a financially stressed household. Constantly 'floating' checks, hoping to not receive another overdraft. My parents built a real estate empire, but had mortgages attached to every property. Every month was stressful. Especially when a renter didn't pay or trashed a house and moved out. Because credit was the only thing I knew, I used my credit cards ($100,000+ worth) to help start a business. I was trying to juggle a full-time job (at a credit card company) and full-time college. The stress of a house payment, 2 car loans, and all the credit cards was too much to handle. I ended up dropped my school down to part-time. I wanted to cut back at work, but I wouldn't be able to make all my payments. After 3 years of juggling payments, and getting the 2 cars paid off, our daughter was born. I quit working to focus on her and the business. It was at this time Dave Ramsey started on our radio station. At first, I laughed at Dave's answer. Get out of debt! Yeah right. Not possible. But every time I heard a debt free scream, it gave me hope. Hope that maybe, some day.... I could find financial freedom. Our business was hit hard with the sluggish economy. We started a construction business to try and make ends meet. Over the last 9 years, our construction business has doubled in size every single year. By following the baby steps, we paid off our credit cards, hospital bills, student loans, business loans and car debt. We also paid off our personal home, and 2 rental properties. We paid off $552,000 in debt in 6 years. Everything we own is paid for! It's been 2 months since we paid off our house, and the financial freedom is starting to become real. We've been able to cut back at work a bit, and spend more time with our kids, and enjoy life. Best of all, we've been able to give, and give generously. Dave, Thank you. You've changed our life, and our family tree. You've taught me how to create a legacy for my children's children and one that will perpetuate through the generations. 18 and Money Smart because of Dave! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103816 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103816 Fri, 20 Mar 2015 11:43:40 CST I am 18 years old, I was homeschooled and my Mom introduced me to Dave Ramsey at about 15. Three years later I have a good job and I'm able to save a good amount of money! I am on Baby Step 4 currently and I am about to start investing and then save for my first house. I am debt free and love all of Dave's advice!! So glad I can be this money smart at my age! Thanks so much Dave! 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. DEBT FREE including house! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103813 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103813 Thu, 19 Mar 2015 11:21:54 CST My husband and I were 54 when we started the Total Money Makeover plan in Fall 2011, owing $67k on house, 2 cars, and credit card debt--plus 2 kids in college and we were saving for our retirement. We started the Debt Snowball and by mid-2013 were debt-free except for the house. (Due to our age, we continued to fund kids education expenses and retirement). Then we had to replace 2 more vehicles, washing machine, TV, and incurred several other large expenses. The GREAT news: the kids have now graduated college with Master's degrees and almost no debt, and we are now DEBT-FREE including the house (total debt paid: $127,733+), so I was able to retire in December at age 57! And our financial advisor (one of Dave's ELPs) says we're "on track" and should have plenty of money when my husband retires in 2-4 years. He had thyroid surgery last year that affected his vocal cords, so we can't call in to do the Debt-Free Scream, but I wanted to express our sincere thanks and let you know how much Dave has changed our family tree. Praise God for Dave and his commitment to God and to helping others! 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. Just a spoonful of sugar.... http://www.daveramsey.com/articles/articleList/category/100424/storyid/103801 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103801 Mon, 16 Mar 2015 07:54:47 CST The Financial Peace University classes contained just the right amount of "sugar" to get the "medicine (financial discipline) down for me to pay off $10,000 worth of credit card debt in 15 months! To do this, I first transferred everything to a 0% interest/ 0% credit card to stop having to pay interest + debt. I had 15 months before the interest rate would rise... and I paid it off - in full - 3 days early! I DID NOT ADD TO THAT CARD IN ALL OF THAT TIME! Instead, I sold items I had which others needed but I did not. When shopping, I would put the things I wanted into the shopping cart and then PUT BACK those I realized I did not need - sometimes ALL of them! I did "trip" sometimes, but returned the items that I had gotten during my weaker moments. More discipline! Telling my children was the "icing on the cake"! My child at home gave me a HUGE hug and my child in college began crying happy tears when I told her over the phone! Both were so proud of their mom! I now have a much brighter future without the enormous dark cloud of debt hanging over my world. Having the reference materials to refer to when I falter or when I am ready for the next Baby Step is invaluable! Thank you, Dave Ramsey, and all of those who helped you to create the materials in the FPU classes! Warmly, Jan $10,000 of Credit Card Debt Paid in Four Months! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103800 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103800 Mon, 16 Mar 2015 01:50:58 CST I was a typical college graduate, ready to take on the world and be as successful as my parents. For all my childhood and adolescent years, I grew up with a nice lifestyle. My parents put me through the best schooling, bought me nice things, took me to Pebble Beach at the age of 14, and allowed me to play at their golf club. It was a great lifestyle that I didn???t know how much I appreciated until I graduated college and started working. Once I was working and out of college, I had this wild idea that I could replicate the lifestyle my parents had given me and have the nicest things possible! It was a great idea in my head, but an apartment that was 37% of my income, 2 years of carelessness and lack of spending control, and 3 credit cards later, I found myself in quite a situation with over $10,000 of credit card debt! At 26, my parents offered me the opportunity to come and live at home for a few months so I could pay off my debt. However, I had gotten to the point where I was ???so sick and tired of being sick and tired??? (as you put it in your My Total Money Makeover book) financially that I wanted to do anything possible to pay off my debt as fast as I could. I had previously wrote a book for college students and decided to use that as leverage to contract with my Alma Mater and market my book to their students. They ended up offering me some paid opportunities to speak to their students and produce some educational videos for one of their career development programs. After living at home for four months, making some lifestyle changes, and working the extra jobs in addition to my full-time job, I was able to pay of over $10,000 of credit card debt using some of your principles of zero-based budgeting and allocated spending plans to reach my goals! I wanted to write this to share my story and say Thank You for all your guidance and inspiration from your books! 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 ... I love Baby Step #1!!!! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103796 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103796 Sun, 15 Mar 2015 04:10:43 CST Several years ago I saw Dave Ramsey on a talk show. A woman was lamenting how she was broke, that there was no extra money, and how she needed help. In a matter of minutes he "found" extra money in her budget by making cuts in her spending. Gone was the cable, the pricey cell phone plan, and the extravagant entertainment expenses. I thought he was a genius. I got his book and my husband and I read it cover to cover and began working on the baby steps. Life happens though and money was always tight even with the cuts. This year has been different though...we are both finally working good jobs and at long last have managed to complete step one. We actually made our goal $2000 as our emergency fund because we live in a more expensive part of the country and thought it made sense to have that as a cushion. The stress that this money in the bank has lifted from our shoulders is incredible. This past week our car needed some minor emergency repairs. It's the first time ever that I haven't freaked out about how things were going to get fixed and paid. I went to the mechanic with a worst case scenario in my head, was pleasantly surprised by the lower than imagined repair bill, and felt stress free as I was able to pay the bill without taking money out of my monthly budget. Next month I'll be able to pay that money back with little issue. Baby Steps are the way to do it!!!! 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. If you are breathing, keep living http://www.daveramsey.com/articles/articleList/category/100424/storyid/103786 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103786 Thu, 12 Mar 2015 09:18:21 CST I came from a large family and I married very young. Two beautiful children later, my husband left. Because I had very little education, I attended night school for secretarial skills as I worked any job I could find. After getting a secretarial degree, I went to work in the local courthouse in the Sheriff's Department. This opened doors for me. Within two years, I was asked if I wanted to go to the Police Academy and become a deputy. The pay was over twice what I was making. I remarried and worked very hard to become debt free. After over twenty years of law enforcement (which I loved), I wanted to do something else. BOOM. The economy bottomed and jobs were scarce. At age 62, the opportunities were slim. I was drawing a small pension and my husband, who is also retired, drawns a pension. I decided to go to college this time and get a degree in Social Humanities. To my surprise, in Geogia, a person can go to college TUITION FREE after age 62. I was terrified to be in classes with teenagers because it had been so long since I had gone to school, but this was an opportunity I was not going to give up. When I started classes, I found there were people of all ages in my each of my classes. The experience has been overwhelming with the support I get, not only from my young classmates, but professors as well. After a couple of semesters here, the university offered me a part-time job. Now, not only do I get to attend classes but have a job in the student involvement department that helps me financially (it pays for my gasoline and books, at least) as well as gives me a feeling of belonging. My grandkids love asking if I have homework like them. The experience encourages my family to obtain a higher education. I would totally recommend anyone who is retired to consider going back to school and at least starting with one or two courses. Technology changes so quickly and here at the university, I am able (with the help of my I.T. friends, of course) keep up with it. I could be sitting at home watching TV ; or, here enjoying all of the people and events. Dave, please share with your listeners to keep their education going. By the way, no student loans!!! We are running for our life! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103788 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103788 Thu, 12 Mar 2015 03:54:18 CST My husband and I have been married for 17 years and are raising two daughters (12 and 3), and much of our marriage we have spent screwing up with money (not being on the same page, not following a budget, and over-spending)- basically believing in the American Nightmare (we can afford it if we can afford the payments). We have done some good things too, but really bought into the myth about "debt being a tool". We started our Financial Peace University class in September of 2014 and some major lightbulbs went off in both our heads. We are finally on the same page with our money and our future. We are both completely committed to "ruining" our wonderful credit scores by eliminating debt! My husband has been working as much overtime as he can get, and we have paid off approx. $11.5K in debt since last July. We do a monthly budget every month, and track every single expenditure so we can plan even better in upcoming years. We should be debt free (other than our house) by the end of the year! We printed a sign of a gazelle running with the verse "The borrower is slave to the lender" and hung it in our bathroom. Every day we get up and go to work and look at that sign. We are on our way! We aren't there yet, but we are in full swing of baby step 2 and will NOT STOP! Thank you! We will be 39 years old this year, and just wish we had realized these things earlier. But it is never too late, and we will be teaching our children the right way to handle money- God's way. Thank you so much! Sarah 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 ... College loans http://www.daveramsey.com/articles/articleList/category/100424/storyid/103766 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103766 Sun, 08 Mar 2015 03:07:31 CST I attended FPU soon after finishing graduate school in order to gain the tools to pay off my debt which was roughly $35,000. I was able to pay off my school loans and car loan in less than 1 year and I'm now 100% debt free! 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 ... Car with Cash http://www.daveramsey.com/articles/articleList/category/100424/storyid/103734 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103734 Fri, 27 Feb 2015 02:48:03 CST At 32 and 31, my husband and I have spent the past 10+ years driving cars that our parents gifted us (thanks parents!). We knew we'd have to replace my husband's first as it was truly a piece of junk. We decided on an amount based on Dave's guidelines (spend no more than half your annual income on things with a motor - so we limited ourselves at a quarter of our combined incomes since we need 2 cars). After a few years of patiently saving and months of researching cars, we finally paid cash for a really nice, new (to us) car at the beginning of this year. Two stories to go along with this: A few months ago when we told my husband's parents that we were expecting our first baby, his dad asked if that would mean that getting a new car would have to be put on hold. To most people (including his parents), buying a new car translates to adding a new monthly payment. When you pay cash, you either have the money or you don't...you don't have to decide if you can take on another monthly payment. So when we hit the right amount in the car "envelope" (ie bank account), we could confidently buy the car without worrying how it would affect other financial decisions like getting rid of the mortgage, saving more aggressively for retirement, or having a baby. And secondly: I have always been the saver/planner, and my husband the spender (luckily, he's excellent at following any rules I put in place!). I think experiencing the benefit of patiently following a plan has really encouraged him to "live like no one else." For the first time this year, we sat down TOGETHER to come up with a new budget. We tightened it up in preparation for the baby, and he's very enthusiastic to stick to it! 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! Dave Says - February 9, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-09 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-09 Mon, 09 Feb 2015 11:02:41 CST I'm retired, and currently I have about five percent of my retirement savings in gold and silver ... 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. Dave Says - February 2, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-02 http://www.daveramsey.com/davesays/column/column/dave_says_2015-02-02 Mon, 02 Feb 2015 10:02:18 CST I'm debt-free except for my home, and I'll have that paid off in about 12 months ... Dave Says - January 26, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-01-26 http://www.daveramsey.com/davesays/column/column/dave_says_2015-01-26 Mon, 26 Jan 2015 10:01:51 CST I've been following your plan, and I'd like to find a way to make a little more money on the side ... “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 Says - January 19, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-01-19 http://www.daveramsey.com/davesays/column/column/dave_says_2015-01-19 Mon, 19 Jan 2015 09:01:00 CST My mom and dad always told me to live below my means, but they never showed me how to make it happen ... Follow up and keep your records! http://www.daveramsey.com/articles/articleList/category/100423/storyid/103356 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103356 Tue, 06 Jan 2015 03:38:47 CST I cancelled a gym membership because I was moving away. I called the company, faxed a copy of the lease as I was instructed, and decided all was squared away. Three years later, I got a call from a law office prepared to sue for the $3,000 left on the contract. They had no record of my calling to cancel or faxing the lease, and I had no record of having done so. I hadn't followed up and assumed everything was hunkey-dorey instead of requesting and keeping confirmation. Living like Everyone Else http://www.daveramsey.com/articles/articleList/category/100423/storyid/103322 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103322 Mon, 29 Dec 2014 01:30:34 CST Like most of the people I knew, I racked up quite a hefty amount of student loan debt during undergrad and grad school. (I also didn't question my undergrad college professors who insisted that none of us would be employable without a graduate degree, which is a whole other Stupid Tax!). Right now I'm a little over 5 years out of school and decided to check the payoff of my student loans when I discovered two very important facts. Firstly, my smaller student loan ($5k) which I thought had a locked in interest rate is actually a variable rate loan and the interest rate increased 4% in one month. Secondly, my larger student loan's ($40k) minimum payment wasn't even covering the interest on the loan!!! On a 20 year payment plan!!!! The saddest part is that it took me HOURS to figure out this information because of how counter-intuitive the website was designed, so unless someone actually goes in search of this information, they'll never figure it out. I used to think that everyone had a student loan payment, along with a car payment and a mortgage payment, but I'm done living like everyone else! I'm now on a super strict budget, living on beans and rice and rice and beans, and paying more than half of my income to my debt every month. And right now I'm on target to have all but my large student loan paid off by the end of Summer 2015 and all of my debt paid off by Summer 2017 if I stay Gazelle Intense. DAVE RAMSEY’S THE LEGACY JOURNEY OFFERS A RADICAL VIEW OF BIBLICAL WEALTH AND GENEROSITY http://www.daveramsey.com/press-release/dave-ramseys-the-legacy-journey-offers-a-radical-view-of-biblical-wealth-and-generosity- http://www.daveramsey.com/press-release/dave-ramseys-the-legacy-journey-offers-a-radical-view-of-biblical-wealth-and-generosity- Tue, 21 Oct 2014 09:10:51 CST New York Times bestselling author and nationally syndicated radio talk show host, Dave Ramsey releases The Legacy Journey, the new book that takes readers deep into God’s Word revealing His perspective on wealth. Fathom Events Brings New York Times Best-Selling Authors Dave Ramsey and Rachel Cruze’s ‘The Legacy Journey’ to Select Cinemas Nationwide on November 19 http://www.daveramsey.com/press-release/fathom-events-brings-new-york-times-best-selling-authors-dave-ramsey-and-rachel-cruzes-the-legacy-journey-to-select-cinemas-nati http://www.daveramsey.com/press-release/fathom-events-brings-new-york-times-best-selling-authors-dave-ramsey-and-rachel-cruzes-the-legacy-journey-to-select-cinemas-nati Mon, 20 Oct 2014 13:10:43 CST Inspirational Event Will Focus on Keys to Building Wealth, Raising Financially Savvy Children, True Generosity and More DAVE RAMSEY’S FINANCIAL PEACE UNIVERSITY CELEBRATES 20 YEARS OF CHANGING LIVES http://www.daveramsey.com/press-release/dave-ramseys-financial-peace-university-celebrates-20-years-of-changing-lives http://www.daveramsey.com/press-release/dave-ramseys-financial-peace-university-celebrates-20-years-of-changing-lives Tue, 12 Aug 2014 10:08:32 CST New York Times best-selling author and personal finance expert Dave Ramsey is celebrating the 20th anniversary of Financial Peace University. $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." 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. Generating Passive Income https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129833 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129833 2015-02-06 00:00:00.0 Taiwan from Phoenix, AZ, asks Dave for some ideas on generating passive income. Dave advises Taiwan not to get involved with get-rich-quick schemes, and explains the term "passive income." How To Help A Friend https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129793 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129793 2014-12-17 00:00:00.0 Gina in Texas is trying to help a friend who is going through financial and job difficulties. Dave gives her his take on the matter, and says the friend needs to do more to make things happen. Don't Drop Coverage https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129762 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129762 2014-12-10 00:00:00.0 Kim's daughter is having health issues. She wonders if they should drop full automotive coverage to help save money. Offered A Timeshare https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129417 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129417 2014-09-04 00:00:00.0 Jill's friends have offered her an opportunity to buy an older timeshare on the beach. See what Dave thinks. Stop Retirement, Pay House? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129373 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=129373 2014-08-19 00:00:00.0 Kaylie and her husband wonder if they should stop saving for retirement in order to pay off their house sooner.