Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Sun, 22 Jan 2017 16:01:01 CST 180 Saturday Sunday Living like no one else... http://www.daveramsey.com/articles/articleList/category/100424/storyid/107642 http://www.daveramsey.com/articles/articleList/category/100424/storyid/107642 Mon, 16 Jan 2017 11:07:37 CST When my husband and I got married almost 10 years ago, he had undergrad debt, credit card debt and debt to his parents and I had postgrad debt, car debt, and a mortgage. We started from the get go slapping money on our debts. We had a super-small wedding so we wouldn't have debt from that going forward and then ended up with a good chunk of money when his grandmother passed away. We saved a lot of money after our wedding just by not having to pay for 2 places. So within the first year of our marriage we had paid off all the debt except for our mortgage which turned out to be good timing as we had our first child shortly after our first anniversary. Not too long after that, we took Financial Peace at our church. Awesome class! About 3 years ago, just before our second child was born, we bought a house and my parents moved into the basement...which is a whole different story. We kept my condo and rented it out for several hundred dollars more than the cost of owning it. Last year I lost my job and my grandparents in MN needed more help. My parents moved to MN and without being able to find a decent paying job to cover mortgage and child care, we determined that the wisest financial move for us was to move back into the 2 bedroom third floor (no elevator) condo with all four of us. The market here in Colorado is insane. We were able to sell our house over a weekend and it sold for at least $70,000 more than what we had paid for it just 3 years ago. We took what was left over and plopped it on the condo mortgage and are now living completely debt free! We are still working on getting wise with Dave's tips on budgeting and how exactly to save money for retirement. We're living on a teacher's salary, but we can do it without the debt and I can be available to run the kids to school and be with them on their off-days. I'm in the process of starting a business that I hope will at minimum replace my previous salary and in my wildest dreams would allow my husband to retire from the school system and work with me. My name is Carissa and I'm a graphic designer and my husband, Dave, is an elementary music teacher. We have two boys who are 3 and 7 and we live in the Denver-metro area. Financial Peace University was so helpful to at least get my husband and I on the same page as far as decision-making for our finances. We're still working through the last couple of baby steps. Thank you for all of the excellent information you have available and we made use of one of your ELPs for our retirement planning and they have been a huge help! Thanks! Dave Says - January 16, 2017 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-16 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-16 Mon, 16 Jan 2017 11:01:08 CST My friend and I are roommates, and we've always had an agreement that we split each of the bills fifty-fifty. We both work and have decent jobs, but for the last couple of months she's been really late in paying her half of the bills... Only a little (but still) STUPID TAX http://www.daveramsey.com/articles/articleList/category/100423/storyid/107639 http://www.daveramsey.com/articles/articleList/category/100423/storyid/107639 Fri, 13 Jan 2017 09:14:27 CST I could explain my entire situation with all of my debt, but given some of the victories I've gotten in the last 5 months, albeit still at the start of my journey, the last 2 weeks have been my stupid tax story. I started 2016 with quite possibly the worst cold I've had in my 31 years of life and because I didn't budget for it I didn't pay cash for my cold medicine. That cold medicine didn't work and I needed to get strong stuff. That was more $$$. Then the day my cold was better I threw out my back. Paid more $$$ for other medication to give me relief while it healed. None of it really required me to go to a doctor, but still enough to warrant spending money on a heating pad, medicine, medicine and more medicine. Thankfully I had a buffer built up and that $50 didn't hurt my overall goals too bad...but it was still enough to give a giant ol' facepalm. Thankfully I have enough medicine now, though, to take some for the pain from the facepalm. HAHA! 1 Cent Leftover http://www.daveramsey.com/articles/articleList/category/100423/storyid/107638 http://www.daveramsey.com/articles/articleList/category/100423/storyid/107638 Thu, 12 Jan 2017 08:51:53 CST After working my debt snowball for 2 years now on Dave Ramsey's plan, I (thought) I had paid off my 5th Student Loan this past December, 2 days for Christmas. Tonight I get on my student loan servicer's site to begin attacking the 6th and Final Student Loan and low and behold the 5th loan is still on there saying I still owe a lousy, stinking penny! It also says that with interest the balance is now $0.20. I called my servicer and was on the phone with them for more than 20 minutes, I for each "red cent" I still owe. The rep checked this over and says "this was a glitch and will be written off." As I continued to probe to be assured, she puts me on hold and comes back saying" sorry, this will not be written off as it was a miscalculation." Never mind that I used the payoff calculator on THEIR site last month to assure this one was finished. She had to place me on hold twice more to manually reapply the last $0.01 to this saying this should be updated on the site within 5 business days the the 5th student loan written payoff confirmation will be coming in 30-45 days. Dave is so right that you always need to stay on top of your creditors for a little while even after you believe you have paid them off. Thank goodness I found Dave Ramsey and The Total Money Makeover and will be all done with the Student Loans and this nonsense they make you go through in another 6 months! More than 3 million students better prepared for financial future http://www.daveramsey.com/press-release/more-than-3-million-students-better-prepared--for-financial-future http://www.daveramsey.com/press-release/more-than-3-million-students-better-prepared--for-financial-future Wed, 11 Jan 2017 06:01:27 CST Dave Ramsey’s Foundations in Personal Finance is making a major impact on financial literacy. Dave Says - January 9, 2017 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-09 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-09 Mon, 09 Jan 2017 14:01:20 CST My wife and I are debt-free, plus she has a business giving music lessons. We formed an LLC last year when she had several students and was making over $3,000 a month, but that all changed... Long journey to debt free http://www.daveramsey.com/articles/articleList/category/100424/storyid/107624 http://www.daveramsey.com/articles/articleList/category/100424/storyid/107624 Sun, 08 Jan 2017 12:50:58 CST About eight years ago, my husband and I were like swans: looked pretty good on top, but were paddling away like mad under the surface. We had a nice house (mortgaged) two new cars (loans) two income properties (after the loans on those, no income), you have seen this many times, I'm sure. My nephew gave me a strange (to me) gift for Christmas: your book, Financial Peace. I love books, and have read many on money and finance, including Suze Orman, Robert Kiyosaki, The Millionaire Next Door, etc., All have good advice, but yours really hit me, like no other, because of the Baby Steps, that anyone, at any level of income or education, could follow. On New Year's Day 2008, with the economy tanking and everyone in panic mode, I sat down with my husband and we went through everything to figure out how much we owned versus how much we owed. Wow, that was rough. We had always put maximum away in 401ks and IRAs, but we had no other savings, and the payments on our debts were almost exactly what we were bringing in after taxes! We resolved to follow your plan. We saved $1000 (that was easy) then we made a budget (draconian, needed revision a few times), and we stopped using credit cards. We went after the credit cards, that was done in months. We tackled the car loans, and with the new budget, had those gone in under two years. Brought the savings to six months living expenses. Then, disaster. My husband was diagnosed with multiple myeloma, needing a stem cell transplant. I closed my gift shop, and we worked together to try to save more. His stem cell transplant was very rough, he needed two tries before it took, and he was off work for six months. I did not have an income since I had closed my business, and that emergency fund came in very handy (he did keep his job, but the disability pay he got did not even equal our mortgage every month). Before he came home, I put in a new water filtration and treatment system (we live on a well) because his immune system would not be up to normal for many months afterward. That finished the emergency fund, but we paid cash for it. We live in a rural area, and jobs were scarce to nonexistent near me (even the pizza parlors had more drivers than orders!), I did find seasonal work at an apple orchard, and used every cent I made to start building up the emergency fund to six months' expenses while Bob slowly got back up to working fulltime again. Long before, we had kicked pay TV, the health club, and subscriptions out, baked our own bread and packed lunches, I sold off lots of stuff, all the steps we could to keep going. We keep another savings account, which we call the YTY (year to year) fund, where we put a fixed amount every month for the big expenses we knew would hit us (property taxes, insurance, Christmas) every year. We kept that separate from the emergency fund for clarity. The tough one was the income (NOT!) property, which had plummeted in value but not in expenses, and we were losing tenants because they could not pay even modest rent. We ended up basically supporting those buildings, and could not sell them in that climate even for much less than we owed on them. And, the five-year balloon mortgage on them was approaching the end. Well, this may have been dumb, but it was in desperation: Bob was just over 62, so at least taking out of his retirement funds would not have an added 10% penalty. We took lots out of the IRAs, and took the maximum loan on the 401k we could, and burnt our emergency fund (again) and paid those buildings off. That year taxes took a real bite, but we now had some cash flow from the buildings, which meant we weren't supporting them. We were able to fix some things on the buildings, got them fully rented again, and began (again) to build up the emergency fund. I was working at least seasonally, and took my skill at making jewelry to a profitable side line. The emergency fund meant that car repairs, or having to travel to help elderly relatives out of state were not excuses to fall into credit card debt. We just cash-flowed it and kept going. We recently received some windfalls, tragically due to people we love having passed away. Instead of blowing those on vacations or other stuff, we were able, in 2016, to pay off the house, and, on Dec. 30, 2016, paid off the 401K loan. We now have that six months' expenses in the bank (although, since we have no mortgage or car payments, is probably enough for a year or more), NEXT year's YTY expenses in the bank (which we will continue to replace as we use) and are starting two new bank accounts: redo roof on house, and replace cars. We have loosened up on spending a bit, allowing a restaurant meal line item on our budget. Our medical costs have increased hugely, as Bob continues to have to have chemo and several monthly doctors' visits, which co-pays run about $700 - $1000 per month, but he continues healthy, thank God for that, and our many blessings. We have continued some tightwad stuff because we either enjoy it or don't miss it: watching tv is DVDs from the public library, and we still bake all the bread we eat. Long post, use it or not, but we are thankful that we were able to use Dave's Baby Steps and are now, DEBT FREEE!!!! We are a childless couple, now 64 and 62 years old. Bob and Sherrie Ludwig. FPU and Debt snow ball changed our lives http://www.daveramsey.com/articles/articleList/category/100424/storyid/107627 http://www.daveramsey.com/articles/articleList/category/100424/storyid/107627 Sun, 08 Jan 2017 08:35:33 CST My wife is a physician and I am a dentist. We are blessed that both of our parents put us through college and were able to get into state schools for our doctoral degrees. However, that still left us as newlyweds, who combined, had $250,000 in student loans to pay back. We took FPU in our first year of residency and lived on the envelope system and debt snowball principles (while working on all the baby steps as well). When we started working my wife took a job that she loves and since it involves caring for the underserved population was warranted loan repayment through her employer. We paid off her remaining loan balance quickly and then put all of that money into my loans. We cleared the student loans in under 4 years. I then bought into my practice, which cost $400k. I took a bank loan for that amount, which I am sure you wouldn't have advised, but we continued to live frugally and pay down the debt as fast as we could. I paid off the business loan today, in 3 years. We are 35 years old, make almost 400k a year and the only debts we have are the mortgage on a very modest house ~190k and one reasonable car loan (a Honda). We are so excited and proud! Thank you so much for sharing your wisdom (at a price pretty much anyone can afford). FPU and specifically the debt snowball change our lives and we are so optimistic about where we are headed because of it and the tools you gave us. Dave Says - January 2, 2017 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-02 http://www.daveramsey.com/davesays/column/column/dave_says_2017-01-02 Mon, 02 Jan 2017 11:01:41 CST I've followed your plan for three years. I'm living totally debt-free except for my home, and I pay for everything with cash... Lesson learned: BEWARE of toll Booths http://www.daveramsey.com/articles/articleList/category/100423/storyid/107613 http://www.daveramsey.com/articles/articleList/category/100423/storyid/107613 Wed, 28 Dec 2016 03:45:48 CST My husband and I are debt-free thanks to Dave Ramsey's Financial Peace University! Taking and teaching a class, as you know, does not mean you will not make the occasional mistake of Stupid Tax. But We live and learn, right? So my husband and I were traveling for our ministry and purchased one of those e-passes and maybe we put 3 dollars short of what we needed when we somehow just crossed too many bridges and one too many tunnels. 3 weeks later when we returned home, the mail was piled high and I decided it could wait. But 3 months later now, the letters read that because we waited 30 days to pay, our $4 toll fee has turned into $29!!!! On top of that, one tunnel had no booth and poorly written signs, and THAT $2.50 bill escalated to $26.50 in 30 days. On top of that, the e-pass FAILED TO SCAN in a few other states but I was able to call and have $90 completely removed. Lesson #1 learned???? If you are going to get one of those passes, put tons more money on there than you'll need and OR pay cash!!! AND on top of that, I learned a much more valuable lesson. Lesson #2: Checking your paper mail in a timely fashion can save you hundreds of dollars! Almost the entire $140 in penalties could have been avoided had we opened the mail sooner. Who would have "thunk it" that regular mail could be so important in day and age where it's all about emails and technology!??? STUPID TAX PAID: close to $50 (Thank God because it was almost $140 had I not called and politely pleaded with them!) So long student loans! http://www.daveramsey.com/articles/articleList/category/100424/storyid/107612 http://www.daveramsey.com/articles/articleList/category/100424/storyid/107612 Mon, 26 Dec 2016 08:25:06 CST After my husband and I got married in July 2014, we didn't worry too much about paying off our $89,208 of student loan debt. On January 1, 2015, we stumbled upon Dave's TMM budgeting tool online and did our first budget together. We decided at that moment that we didn't want to be paying off student loans for the next twenty years. It projected that we would finish in around 4 years but our goal was to finish much quicker. During the 2 years of paying off debt, there were so many blessings we encountered that cannot naturally be explained. We continued to tithe, as we did before, 10% of our income. In April 2015, my car caught on fire and the insurance company gave us 3x the amount we were expecting. We were able to pay cash for a hybrid car, which has saved us a ton on gas. We had to replace our refrigerator and washer and had to make several repairs on my husband's old Jeep. Somehow, the money was always there. In August 2015, we started renting out the spare bedroom in our house through Airbnb to supplement our income. We are not in a super popular area but in a year and a half, we've had over 60 guests stay in our house and have made close to $10k. Everything we made extra through Airbnb, work bonuses, tax returns, birthday money, etc. always went toward debt. No questions. In December 2016, the Department of Labor changed laws that affected my husband's job. He found out that his work owed him two years worth of overtime pay, equaling two extra hours per week. We got this check a few weeks ago and that gave us enough to make our last payment on our loan and put a good chunk toward our 3-6 month savings. We are 30 and 31 years old and are so blessed and excited to be debt free, except for our home. The initial $89,208 seemed super intimidating at the beginning but there are so many things we learned as a newly married couple during these two years that will help us throughout our lifetime together. Our faith has deepened and it's been amazing to see God at work. We lived like no one else so now we can live like no one else! Dave Says - December 26, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-26 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-26 Mon, 26 Dec 2016 00:12:00 CST My wife and I have been married for 12 years. Last month we found out she has terminal cancer and only six months to live ... Dave Says - December 19, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-19 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-19 Mon, 19 Dec 2016 11:12:11 CST How do you feel about using layaway programs? Debt Free! http://www.daveramsey.com/articles/articleList/category/100424/storyid/106166 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106166 Fri, 16 Dec 2016 03:41:41 CST Thanks to Dave Ramsey's teachings, I made my final car payment today! I am now debt free, aside from my house! I started following Dave Ramsey's principles around April 2016. I had $23,000 in credit card debt and $18,000 in car loan debt. Listening to the podcast and hearing all the debt free screams really got me motivated! I got a second job and picked up all of the extra hours I could at work. I couldn't believe the mess I had gotten myself into with credit cards and I will NEVER borrow money again! Now I am ready to build up my emergency fund and start back investing in my 401k next year. I also plan to start making extra payments on my home and have a plan to pay off my house in 3-4 years. I can't wait to call and do my official debt free scream once the home is paid off!! The System Works http://www.daveramsey.com/articles/articleList/category/100424/storyid/106165 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106165 Thu, 15 Dec 2016 03:18:14 CST Dec 15, 2016. My wife and I officially crossed the $1 million net worth threshold. We want to wait to call into the DR show until our house is paid off, but wanted to share our success of hitting this milestone. In Nov of 2004 my wife and I saw DR on 60 minutes. It was a rough patch in our lives, and the timing could not have been better. We were 33 years old at the time with two sons, ages 4 and 2. I bought his book (TMMO) the next day. We have been following his principles ever since. We still owe a little on our house, but plan on paying that off within a few years. We have been on steps 4, 5 and 6 for a number of years now, and with the recent run-up in the stock market, we have seen the magical $1,000,000 NW eclipsed. It feels pretty darn good. Our sons are now 14 and 16, and they know the baby steps, the Wheel of Life and a number of other DR principles. My wife and I have lofty goals re Net Worth, and this is just a marker, but please know that his system works.......zero base budget is key!!......learn it, do it......and the other key (especially in your 30's), don't worry about "keeping up" with your friends. We have had a great 12 years....vacations, new (to us) cars, eating out....but we have always had a budget. It is a marathon, not a sprint......be patient, diligent and enjoy the ride! #grateful Measure twice, cut once when relocating. http://www.daveramsey.com/articles/articleList/category/100423/storyid/106151 http://www.daveramsey.com/articles/articleList/category/100423/storyid/106151 Wed, 14 Dec 2016 10:52:43 CST I recently had to relocate about 650 miles to start a new job in a new city. Moving is hard and expensive, but with research you can minimize the cost. If I had researched better, I would have saved a bundle. I initially priced out a self move of $1550. That included U-Haul rental, tow dolly for my car, insurance, and a crew of movers on one end to unload (I would get free moving help from friends and family at my origin). I hired movers after they sent me an estimate of about $1450. $100 less than the U-Haul option and more convenient? Right? Wrong. The estimate was based on an erroneous assumption of the square footage of my stuff. When the movers actually loaded up their truck, it came to almost double the expectation. I ended up paying a whopping $2800 for the move. To make matters worse, the movers arrived with my things 4 days after I did and 6 days after they loaded. More convenient? Slightly. But not $1300 worth of more convenient. I look on it now as something unfortunate, but I also feel it was a mistake I inevitably had to make. I have long fantasized about hiring movers to take care of all the heavy lifting. Now I have and now I know to never do it again. Or just have hourly movers do just the heavy lifting on both ends. I can save a ton by driving the truck myself. Dave Says - December 13, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-13 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-13 Tue, 13 Dec 2016 09:12:39 CST We just started following your plan, and we have $39,000 in debt. We make $55,000 a year, and two of our smaller debts — one car and a credit card — are both $7,500 ... Jereme and Jamie Fox http://www.daveramsey.com/articles/articleList/category/100424/storyid/106149 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106149 Fri, 09 Dec 2016 11:00:09 CST We paid off 80k in debt, of which 60k was mortgage, in 12 months. We now have no debt, our 3 cars are paid for, no credit card debt and paid our house off this last Tuesday Dec 6. Hello less stress and better sleep. Hello big time investing happening. Thanks. Dave. !!! :) College Without Debt http://www.daveramsey.com/articles/articleList/category/100424/storyid/106147 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106147 Thu, 08 Dec 2016 03:37:49 CST Dear Mr. Ramsey, I started listening to your program in high school and have since read a couple of your books including the "Total Money Make Over". There is a pervasive lie that I hear often. It is: "You must go into debt to receive a college education". I avoided debt my entire college career and would like to show how I did. My parents didn't help out and I didn't receive any scholarships. 1. I worked for a full year after high school saving money. By the end of this I had over $10,000 in the bank for tuition. 2. If I did not have money in the bank for tuition I had to take time off to work for it. 3. I worked full time my entire college career. 4. I never took a class that didn't count toward my degree. No wasted time! 5. I attended a good local university and did not live on campus. Instead I lived in a cheaper suburb and took the bus to school and work until I could buy a car. As of now I am one semester away from receiving my third Degree, a Master's in Education from one of the best schools in my state. Because of our lack of debt we were able to get married have an amazing honeymoon, buy 2 cars out right, and have our first child. At this point, the only debt that my wife or I have ever had is the mortgage on our dream house. These blessings have come from following your inspired advice and paying a full tithe. I'm 27 now and my wife is pregnant with our second child. I received my bachelors degree in 2010 at the height of America's financial problems and was able to overcome the foibles that attack my generation. Thank you for all you have done! Josh I'm doing it! http://www.daveramsey.com/articles/articleList/category/100424/storyid/106134 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106134 Wed, 07 Dec 2016 12:37:19 CST A love of credit and a terrible divorce = financial devastation. I was left with a mountain of debt that left little for my three children and I to live on. Luckily I found Dave at a time where everything was going wrong and he helped me turn it around. He helped me prioritize, minimize, learn how to say "no", not worry about the "Jones", and make the right decisions for my family. He gave me hope. Three years later and with the invaluable help of Every Dollar; I have baby step 1 complete and I am within a year of completing baby step 2 (just the car payment left). It wasn't always fun and we spent time on a very strict budget, but month by month it got better. I didn't always follow Dave's advice.... or this would've happened sooner! Luckily after a couple false starts I committed. My life is completely different and I am even able to follow my passions by serving in Haiti, to travel, to be generous without blowing the budget. Life is good. Thank you Dave for your advice, for teaching me how not to be a two year old with my money, and your products that help keep everything on track. Paying Down Student Loan Debt http://www.daveramsey.com/articles/articleList/category/100424/storyid/106133 http://www.daveramsey.com/articles/articleList/category/100424/storyid/106133 Tue, 06 Dec 2016 01:58:13 CST My husband and I started the Total Money Makeover this year. We have large student loan debt amounts as we both attended law school. We paid 40,000 off in student loans this year. With interest on these loans, we actually paid ~60,000, but 20k of was eaten up in the interest. 330,000 more to go! Dave Says - December 5, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-05 http://www.daveramsey.com/davesays/column/column/dave_says_2016-12-05 Mon, 05 Dec 2016 00:12:00 CST I'm 38 years old, and I've got $12,000 in student loans still hanging over my head. It's the only debt I have. I make $30,000 a year, and I've managed to save $12,000, but I'm also driving a junky, old car ... SOUTHEASTERN FREIGHT LINES OFFERING RAMSEY SOLUTIONS’ SMARTDOLLAR TO EMPLOYEES http://www.daveramsey.com/press-release/southeastern-freight-lines-offering--ramsey-solutions-smartdollar-to-employees http://www.daveramsey.com/press-release/southeastern-freight-lines-offering--ramsey-solutions-smartdollar-to-employees Tue, 29 Nov 2016 08:11:04 CST Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, is helping its team of more than 8,200 associates take control of their personal finances by offering Ramsey Solutions’ SmartDollar as an employee benefit. Dave Says - November 28, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-28 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-28 Mon, 28 Nov 2016 13:11:59 CST We have three preschool grandchildren, and they get tons of stuff for Christmas every year. We're in really good shape financially ... Opened sears card to purchase 2 beds. http://www.daveramsey.com/articles/articleList/category/100423/storyid/106109 http://www.daveramsey.com/articles/articleList/category/100423/storyid/106109 Wed, 23 Nov 2016 09:12:43 CST I purchased 2 beds for family members and opened a credit card with an interest rate of about 25% to do so. I thought I was only supposed to make the minimum payments which was only $10! A deal, right? Anyway, I noticed each month the balance wasn't going down. Back then, I didn't really understand how credit cards worked. Fortunately, I got fed up pretty quickly, and just paid the darn card off. No telling how much I actually paid for the beds when you include the interest. I guess it could have been worse. Very stupid. Dave Says - November 22, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-22 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-22 Tue, 22 Nov 2016 14:11:32 CST We're completely debt-free with a fully funded emergency fund, and we have $350,000 sitting in the bank from a land sale a couple of months ago. My wife and I would like to buy a chicken farm ... Always listen to Dave. http://www.daveramsey.com/articles/articleList/category/100423/storyid/106096 http://www.daveramsey.com/articles/articleList/category/100423/storyid/106096 Fri, 18 Nov 2016 11:12:36 CST I decided when starting the baby steps, that it was smarter and faster to open a new credit card to have for emergencies than to save the one thousand dollars. Well two months and $3,200 extra debt from things I didn't need later I learned my lesson. I pushed my debt free timeline back another six months because of that and I'm still recovering. Dave Says - November 15, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-15 http://www.daveramsey.com/davesays/column/column/dave_says_2016-11-15 Tue, 15 Nov 2016 09:11:27 CST My wife and I make a little over $50,000 a year combined, and we're almost debt-free. Right now, we have $50,000 left on our mortgage and $4,000 in student loans left to pay ... Money Management Expert Dave Ramsey Joins SiriusXM http://www.daveramsey.com/press-release/money-management-expert-dave-ramsey-joins-siriusxm http://www.daveramsey.com/press-release/money-management-expert-dave-ramsey-joins-siriusxm Thu, 10 Nov 2016 10:11:41 CST Today SiriusXM announced that Dave Ramsey, America’s trusted voice on money and business, will bring his award-winning program “The Dave Ramsey Show” to SiriusXM. New Report Finds Most Employees Are Scared or Confused About Their Money http://www.daveramsey.com/press-release/new-report-finds-most-employees-are-scared-or-confused-about-their-money http://www.daveramsey.com/press-release/new-report-finds-most-employees-are-scared-or-confused-about-their-money Tue, 11 Oct 2016 09:10:54 CST Most Americans are scared and confused about their handling of personal finances, according to a new report by SmartDollar and its parent company Ramsey Solutions. New Study from Ramsey Solutions Finds Only 1 in 10 Americans Currently Saving Enough for Retirement http://www.daveramsey.com/press-release/new-study-from-ramsey-solutions-finds-only-1-in-10-americans--currently-saving-enough-for-retirement http://www.daveramsey.com/press-release/new-study-from-ramsey-solutions-finds-only-1-in-10-americans--currently-saving-enough-for-retirement Wed, 14 Sep 2016 07:09:11 CST Nearly half of Americans aren’t saving for retirement, and those who save aren’t saving enough, according to a new survey by Ramsey Solutions, a leading company in financial education. “THE DAVE RAMSEY SHOW” SURPASSES 575 RADIO AFFILIATES NATIONWIDE http://www.daveramsey.com/press-release/the-dave-ramsey-show-surpasses-575-radio-affiliates-nationwide http://www.daveramsey.com/press-release/the-dave-ramsey-show-surpasses-575-radio-affiliates-nationwide Mon, 12 Sep 2016 15:09:12 CST “The Dave Ramsey Show” is now available on more than 575 radio affiliates and is heard by more than 12 million listeners weekly. Securian Adds SmartDollar to Its Retirement Plan Education Platform http://www.daveramsey.com/press-release/securian-adds-smartdollar-to-its-retirement-plan-education-platform http://www.daveramsey.com/press-release/securian-adds-smartdollar-to-its-retirement-plan-education-platform Mon, 12 Sep 2016 12:09:36 CST Securian Financial Group has added SmartDollar, a financial wellness solution created by author and national radio show host Dave Ramsey, to its retirement plan participant engagement and education platform. STUDENTS WITH PERSONAL FINANCE EDUCATION EXHIBIT STRONG MONEY KNOWLEDGE AND HABITS http://www.daveramsey.com/press-release/students-with-personal-finance-education-exhibit-strong-money-knowledge-and-habits http://www.daveramsey.com/press-release/students-with-personal-finance-education-exhibit-strong-money-knowledge-and-habits Mon, 22 Aug 2016 07:08:40 CST A new study by Ramsey Solutions, a leading company in financial education, finds that students who are taught personal finance lessons in the classroom have a better understanding and more confidence when it comes to managing their money. Stupid is too kind a word. http://www.daveramsey.com/articles/articleList/category/100423/storyid/105650 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105650 Mon, 01 Aug 2016 11:55:19 CST I ran up $35,000 in credit card debt and another $18,000 on an equity line of credit. I used the equity loan to replace the A/C system in my house and for major repairs on my car. The worse part is that it cost just over $13,000 for these two incidents...so how did my CC balances get so high...and on what? "Stupid" is too kind a word to describe a person like me. I made good money and I thought as long as I could make the payments I was fine. It's when one thing after another kept happening and my cards were almost maxed out is when I finally woke up I got a second job over a year ago and I found Dave Ramsey's show on the radio. I already started paying down debt and then he explained the baby steps. I finally finished baby step 1 and I no longer charge on any CC. I have closed two CC accounts since then. I am doing much better now but I am paying a horrible price for my stupidity. I think about the regret of not being able to invest or help others as I would like. I want others out there to know that there is a way out of a bad financial situation even when you are the one who created it. I did this to myself and I take responsibility for it. Beginning band? READ THIS http://www.daveramsey.com/articles/articleList/category/100423/storyid/105648 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105648 Mon, 01 Aug 2016 10:43:33 CST I went to a local, and recommended, music store for my child's band instrument. As a beginner, we planned to rent. NEED TO KNOW, rent to own programs are purchases with interest. I should have realized this when credit check was run. Anyway, we trusted the sales person with the instrument we left with, knowing it was used, knowing it looked used, however, not knowing the true value and age. While they offered an early payout, that seemed like a better deal than the long term payment plan, it was double what the value of the instrument was. AFTER doing research, I went to another music store, with my instrument, and purchased a used and newer instrument for less than the asking price of the rented one. I also found out that the instrument being rented to me was 30 YEARS OLD!!! Yep, that actually happened. My stupid tax, $188 for the rental term of the contract I signed. Better than paying $800 for an instrument worth $300-$400. Advice: Do your homework!! Don't think that a music store associate will help you with information. Look online at blogs for the instrument you are looking to purchase. The same instrument recommended on multiple sights should be a good choice for a beginner. You can also compare prices and know if you are getting a fair deal, or the shaft, like I did. Learning the credit card dance http://www.daveramsey.com/articles/articleList/category/100423/storyid/105645 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105645 Sun, 31 Jul 2016 08:26:23 CST I actually thought I was doing well with my credit cards until I stopped to read the bill. Usually I glanced at the bill and fired off a payment but this time I noticed a late payment fee of $25.00. My checking showed 22 days from mailbox to them posting it. It also (on page 4) informed me my interest rate was now 27.5%. I studied my bill of about $3500 with $62 a month payment and discovered that $50 was for interest only and $12 to principle. Got mad and did math! The late fee was going to add 2 months and I was going to be paying for another 22 years! Found a weekend job that netted about $400 a month and shut that card down in 8 months. They cancelled my card a few years later for lack of use. Employer Retirement Education Plays Key Role in Long-Term Financial Success http://www.daveramsey.com/press-release/employer-retirement-education-plays-key-role-in-long-term-financial-success http://www.daveramsey.com/press-release/employer-retirement-education-plays-key-role-in-long-term-financial-success Tue, 19 Jul 2016 15:07:00 CST A new study by Ramsey Solutions, a leading company in financial education, finds that employees with access to financial and retirement education have less stress, more savings and more confidence than those without access. Buy Here, Pay Here http://www.daveramsey.com/articles/articleList/category/100423/storyid/105586 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105586 Fri, 15 Jul 2016 03:37:50 CST To keep the story short and on point I will be omitting some details (like how I got into this situation. Yes, I never thought this was a good idea but unfortunately this was the best solution for my problem at the time.) I have purchased a 2007 Jeep Patriot from Drive Time back in August of 2014.After being suckered into their "extras" (i was told they could not sell me anything unless I took what they added into the Jeep for their financing .) The ending price was $18k with 20% interest. I have been making payments of $440 a month since then and i have barely made a dent into this nightmare of a loan. I have attempted to go to banks, credit unions and online loan sites lending tree. No one will refinance with me. They offer blue book value for a loan (which is fair) but I am roughly $7k upside down. My question is how do I over come this? I have 2 jobs that i work and the money from the secondary job goes to other debt, mostly legal debt. I am really wanting to get out of a 20% loan and into something that is more reasonable. I doubt there is any place that would lend a person around $15k and then pay them back? The most common advice that I hear is pay extra. My payment is at $440 and I attempt to live below my means but there is a still a real struggle. There has to be a way out of this 20% interest loan. Millennials Outperforming Older Generations in Retirement Readiness http://www.daveramsey.com/press-release/millennials-outperforming-older-generations-in-retirement-readiness http://www.daveramsey.com/press-release/millennials-outperforming-older-generations-in-retirement-readiness Wed, 15 Jun 2016 07:06:38 CST Even though Millennials have had less time to build their retirement wealth, they are already catching up to many of those who are closest to retirement, according to a new survey by Ramsey Solutions, a leading company in financial education. $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." Should we? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131768 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131768 2017-01-20 00:00:00.0 Denise and her husband are considering a move back to their home state of Ohio. They've found a place they like, but it has one big drawback. Dave listens, assesses the situation, and gives them his thoughts. You're using it wrong https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131751 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131751 2017-01-10 15:20:27.853 Amy is having trouble paying for school with her debit card, because the site says payments can be made by credit card or cash only. Dave walks her through the functionality of her debit card. To be unclear is to be unkind https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131746 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131746 2017-01-04 10:51:33.513 Alice's roommate says she's broke, and this has caused her to fall behind paying her half of the bills. Dave says Alice can offer to help her friend manage money better, but he advises Alice to be firm about the situation. Disability garnished? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131734 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131734 2016-12-21 10:02:38.827 Kammie asks Dave if a person's wages can be garnished if they're on disability. Dave addresses the question, and lays out a plan for handling the short-term and long-term aspects of the situation. Creditors and family https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131727 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131727 2016-12-16 10:12:12.83 Kate has received several phone calls and voicemail messages from creditors who are looking for her mom. She's not sure how to handle things. It's becoming a nuisance, and her mom just shrugs it off and tells her not to worry about anything. Listen as Dave gives her a few pointers for handling creditors who cross the line and the situation with her mom. Dissolve the LLC? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131726 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131726 2016-12-16 09:09:43.81 Ben's wife has a small business giving music lessons. She hasn't had as many clients since the birth of their first child, and Ben 's wondering if they should dissolve the LLC. Dave tells him to look at the numbers a little more closely before making a decision. A bad idea https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131686 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131686 2016-12-07 00:00:00.0 Sandy is wondering about the wisdom of transferring an IRA over to gold. Dave lets her know, beyond a shadow of a doubt, that it's a bad idea. Eyes wide open https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131666 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131666 2016-12-01 14:58:21.917 Jen's husband is an optometrist. He has been offered the opportunity to become a full partner at the practice in which he is currently an associate. Jen asks Dave for advice on evaluating the offer, so that they can make a wise and informed decision. Listen as Dave talks about the pros and cons of partnerships and business models. Let them be kids, too https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131656 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131656 2016-11-22 15:15:36.897 Valerie and her husband would like to give something to their grandchildren for Christmas other than the usual toys. Dave likes their idea of planning for the future, but he advises them to throw in a few toys, too. The teacher was wrong https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131655 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131655 2016-11-22 14:36:09.297 Allison's daughter was given some inaccurate financial information by a college instructor. When Allison asks how to handle the situation, Dave gives her some practical advice and an amusing story regarding one of his own daughters.