Latest news with #JohnDelony
Yahoo
06-08-2025
- Automotive
- Yahoo
Dave Ramsey Caller Bought A $6,000 Warranty For An $18,000 Used Car, But It Doesn't Even Cover The Repairs—'That Is Insane'
A caller on a recent episode of 'The Ramsey Show' shared a financial mess that stunned co-hosts John Delony and George Kamel. Ami from Tampa, Florida, financed a used car earlier this year, but things quickly went off the rails. Extended Warranty Nightmare 'I financed a used car and I got an extended warranty with it,' Ami explained. 'Recently, the engine blew up, and now I have no car and am stuck with this $30,000 loan.' The car was worth about $18,000, but with a $6,000 extended warranty and other fees, her total loan ended up at $30,000. Despite the warranty, the mechanic is refusing to fix the engine unless she pays out of pocket for a teardown first. The warranty company may reimburse her later, but there's no guarantee. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— Delony was floored. 'You paid $6,000 for a warranty against an $18,000 car?' he asked. 'At that ratio, that would be like buying a warranty for a $500,000 house that costs $175,000. You must have bought the Cadillac Lexus Atomic Diamond Platinum warranty.' Kamel was equally shocked. 'That is insane,' he said. 'I've never heard where you have to pay, and then maybe the warranty company will reimburse you later.' Ami admitted she had been emailing the warranty company, but hadn't gotten any results. Delony pushed back: 'I'm not messaging anything. It would be my part-time job. Whenever I'm not working my full-time job, I'm working on this and fighting it. I'm showing up in person every day until they know me by name.' Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Debt Pile-Up And Family Struggles On top of the $30,000 car loan, Ami has another car loan for $13,000—a car she gave to her unemployed mother. She also has an $8,000 personal loan and several credit cards. Delony and Kamel urged her to consider taking back the car from her mom. 'At least you're less in debt on that one,' Kamel said. 'Mom needs to figure it out.' When asked how she planned to get around, Ami said she had been borrowing a customer courtesy vehicle from the aircraft maintenance shop where she works. Kamel encouraged her to ask coworkers for help navigating the mechanic situation. 'They've got to know what an engine looks like,' he said.A Wake-Up Call 'You're getting hosed at every dealership you go to,' Kamel said bluntly. Their advice was that she should pursue a full refund on the extended warranty, consider fixing the broken car just enough to sell it, and get serious about overhauling her finances. 'You're going to have to make a lot of hard choices and fight really hard, probably for the next few months,' Kamel said. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Dave Ramsey Caller Bought A $6,000 Warranty For An $18,000 Used Car, But It Doesn't Even Cover The Repairs—'That Is Insane' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband
After nearly three decades of marriage, Linda, a 64-year-old nurse from Roanoke, Virginia, says she feels like she's carrying the financial weight of two people. Her husband, also 64, earns about $45,000 a year. Linda makes $115,000. They still owe $180,000 on their home, which is now worth around $400,000. She wants to pay it off before retirement. He refuses. Separate Accounts, Separate Lives 'He just does not want to pay the house off,' Linda said on 'The Ramsey Show' with Dave Ramsey and John Delony. 'I've tried to put my foot down and say, 'When we retire, we're not going to want a house payment.' But he's definitely not on board with that.' Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The couple keeps their finances mostly separate. They have separate accounts, a house account for bills and groceries, and a joint savings for big repairs. But the rest? Completely divided. She owns two rental properties. He's not involved with either. 'When I bought the first round of property, he didn't want any part of it,' she said. So she just ran it on her own. 'I only owe $12,000 on it, so I'm getting ready to pay it off next.' Her second property, purchased to help her daughter-in-law who was battling cancer, has about $62,000 left on the mortgage. Linda is aggressively snowballing her debts and recently paid off both of their cars. 'He likes his comfy job and he goes to play golf whenever he gets a chance,' she said. 'That's pretty much it.' Trending: $100k+ in investable assets? – no cost, no obligation. This Isn't a Finance Problem The hosts didn't sugarcoat their responses. 'That's not a marriage,' Delony said. 'That's a couple of roommates.' The hosts emphasized that Linda's situation isn't really about money and Delony described the situation as a marriage issue, pointing to the absence of alignment and any shared plan between the couple for handling life's challenges. Ramsey called the financial imbalance and emotional distance between Linda and her husband 'painful.' He said Linda must decide whether to keep going on this path or force a turning point: counseling, confrontation, or separation. Ramsey warned that Linda's husband has no retirement savings of his own, contributes nothing to their financial future, and yet will end up relying on her retirement funds. 'He's going to retire and eat out of your retirement because he doesn't have any retirement,' Ramsey said.A Cautionary Tale For Younger Couples Toward the end of the segment, both hosts turned their attention to younger listeners. 'Please, for God's sake, don't call it love to marry someone that you are not aligned with like that,' Ramsey said. 'That's not love. It's permanent roommate lust.' As for Linda, the hosts weren't hopeful that much would change. 'I wish I'd found you 28 years ago,' Ramsey said. At this stage, it seems likely she will continue managing everything on her own, just as she has for decades. Read Next: The average American couple has saved this much money for retirement —?Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
27-07-2025
- Business
- Yahoo
Seattle woman's husband hides piles of cash from her and spontaneously bought a boat — what really worries Dave Ramsey
Jenn from Seattle had long felt something was off with the joint finances she shared with her husband. But things came to a head when he withdrew around $4,000 from their shared account and surprised her with an unexpected and costly anniversary gift: a cabin cruiser boat. That prompted her to dig deeper. What she found was even more concerning: a stash of $15,000 in cash hidden in his closet. When she confronted him, he didn't seem to think it was a big deal. 'He said, 'I thought I was doing something good. I put money away,' Jenn told Dave Ramsey on The Ramsey Show. Ramsey and co-host Dr. John Delony didn't find his behavior acceptable — and they didn't hold back. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how What Jenn discovered, and how Ramsey responded Jenn explained that her concerns began about three years ago, after their 20th anniversary. Her husband withdrew a large sum from their joint account, and she later discovered it went toward buying a boat, a gift she hadn't asked for, with monthly payments she hadn't agreed to. From there, Jenn noticed the joint account never grew. Her suspicions led her to the $15,000 hidden 'closet cash' stash. Jenn said the money secrecy felt deceptive, especially given other problems in their relationship, including her husband's struggle with alcohol. Delony cut to the emotional core: 'The biggest issue here is that you don't believe his answer,' said Delony. Ramsey pointed out that money isn't really the only problem — it's the lack of trust and transparency in their relationship: 'He feels nagged about the alcohol. He feels nagged… and he thinks you spend too much, and so he squirreled money away,' said Dave Ramsey. Ramsey urged the couple to seek marriage counseling, and, if they are going to move forward, to make a plan and stick to it: 'You're going to have one freaking account and both of you are going to do one budget and you're both going to be in agreement on everything that goes out of this house,' said Ramsey. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Root causes of financial infidelity Financial infidelity is when one partner lies about or hides financial information from the other. It can take many forms: secret bank accounts, hidden cash, undisclosed debt or large purchases made without consent. And it's more common than you might think. According to a recent survey by Bankrate, 42% of U.S. adults who are married or living with a partner have kept a financial secret from their significant other. Common reasons behind financial infidelity include: Fear of judgment: Avoiding criticism about spending or financial mistakes Control or power struggles: Using money as a form of dominance in the relationship Past financial trauma: Trying to feel secure by secretly saving or hoarding money Breakdown in communication: Avoiding hard conversations by simply hiding the truth What to do if it happens to you If you discover financial secrets in your relationship, don't panic, but take action. Get the full financial picture: Request access to all shared accounts, liabilities, and assets. Initiate a calm but direct conversation: Ask open-ended questions like, 'Can you walk me through why you made these financial choices?' Work through the breach: Depending on the severity, consider working with a financial advisor, mediator or couples therapist. Make a shared plan moving forward: Create a joint budget, agree to full financial transparency, set regular check-ins to review finances together and if needed, protect yourself: If trust is irreparable, consult a lawyer or financial expert to separate accounts and start fresh. Jenn's story is an extreme example, but it's one that resonated with many listeners. As Ramsey pointed out, it's not just about the $15,000 or the boat, it's about trust. Whether the relationship survives or not, the first step is acknowledging the truth and deciding whether you're both willing to rebuild, financially and emotionally. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
A Dave Ramsey Caller Has $125K Saved And Earns $150K Annually. But She's Being Told She Shouldn't Buy A Home Without A Man
A recent call on 'The Ramsey Show' featured a young woman who shared that she's facing pressure not to buy a home, simply because she's single. Kate, a marketing professional in her early 20s from Michigan, called in to ask Dave Ramsey for advice. Despite earning more than $150,000 a year and having $125,000 saved for a down payment on her first home, she said people around her are discouraging her from buying. 'A lot of people around me are pressuring me to not buy a home,' Kate said. She explained that the pressure comes from what she described as Christian beliefs that 'girls shouldn't buy a home and men should be providers.' Don't Miss: The average American couple has saved this much money for retirement —? $100k+ in investable assets? – no cost, no obligation. Ramsey did not hold back. 'Leave the cult,' he said flatly. 'That is not a Christian belief, darling. That's a cult belief.' Co-host John Delony added, 'Leave whatever madness and misrepresentation of Christian beliefs and ethics and right and wrong immediately.' The veteran personal finance host emphasized that true Christian faith does not align with what Kate is being told. 'You make the rest of us that love Jesus look like we're morons because you're a moron when you do stuff like this,' Ramsey said. 'That's just nuts.' Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Ramsey became visibly frustrated with the idea that someone so financially capable would be discouraged based on outdated and toxic views. 'I hate bad doctrine and bad theology and how it affects people when they get in toxic situations. I'm sorry, darling, your mother and father have misled you.' Delony added that beliefs like this often come from men who feel threatened. 'You know who says this crap? Men who are afraid of losing control of amazing women like this. So they take their insecurity and fear and try to duct tape Jesus on the top of it to keep their crumbling kingdoms from coming out from under them.''They're not as smart and ambitious, and they don't have as much get up and go,' Ramsey interjected. Their advice to Kate was simple: buy the house and keep being exceptional. "I would advise my daughter to buy a house with the $125,000 she has saved as a down payment," Delony said. Ramsey added, "And keep being the studette that you are and hope that some guy is lucky enough to even catch your eye." He closed with encouragement: 'Kate, you're an absolutely incredible human being. Go shine, girl.' Read Next: Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article A Dave Ramsey Caller Has $125K Saved And Earns $150K Annually. But She's Being Told She Shouldn't Buy A Home Without A Man originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
Dave Ramsey's 'Shortest Call in Show History' Came From a 20-Year Listener With $211K Cash and a Mortgage — You Can Probably Guess What He Said
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When you see a video titled "This Is the Shortest Call in Ramsey Show History," you expect chaos — a prank, a hang-up, maybe someone trying to sell Dave on Bitcoin. But this call wrapped up fast for one reason: the guy already knew the answer. Chad from Augusta, Georgia, finally dialed in after 20 years of loyal listening. His question was simple, but the stakes were high. "I have a mortgage just about ready to pay it off," Chad said. "I'm a real estate agent and... it's a big chunk. I think I'm there, but I'm looking for maybe a final confirmation." The man had $211,000 in cash and a $95,000 mortgage. He wasn't debating a new car or flirting with meme stocks — just wondering if he should write the check. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. Dave Ramsey didn't miss a beat. "Good Lord. Pay it off today," he said. "What are you doing? You don't need to think about this." And that was that. Even co-host John Delony didn't get a syllable in. The clip, posted to YouTube under its now-famous title, clocks in at barely a minute — and it's racked up over 1.3 million views. To be fair, unloading $95,000 in one shot isn't something most people do lightly. That's nearly half of Chad's liquid savings. The mortgage payments might be manageable. The market might look tempting. And with an unpredictable income like real estate, holding back a little cash can feel like a safety net. Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. But that's not how Ramsey rolls. "You knew what I was going to say," he told Chad. It was a mic-drop moment — not because it was surprising, but because it was so unapologetically Ramsey. No hedge, no hand-holding. Just facts and finality. Some viewers called the call "oddly satisfying." Others said it's why they've listened for decades: Ramsey keeps it simple and doesn't dance around what he believes. Of course, not everyone agrees with the math. If Chad had paid off the mortgage and invested the remaining $116,000 in an S&P 500 index fund at 7%, he could've earned around $8,120 in a year. A 5% CD? That's $5,800. Meanwhile, if his mortgage rate was 3% — a common figure from the past few years — he'd only be saving about $2,850 in interest. But Ramsey's never claimed to be chasing yield. His philosophy is emotional, not just financial. No payments means no stress, and no stress means freedom. As he's said: "Personal finance is 80% behavior and only 20% head knowledge." For some people, wiping out debt feels like flipping a switch. For Ramsey, it's the whole point. Read Next: In terms of getting money back, . Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . This article Dave Ramsey's 'Shortest Call in Show History' Came From a 20-Year Listener With $211K Cash and a Mortgage — You Can Probably Guess What He Said originally appeared on
