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6 days ago
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'I Want A New Car,' Says A Wife Whose Husband Says They Can't Afford It On $700K. Dave Ramsey Starts Mocking Her And People Are Confused
Kayla from Montana recently wrote into 'The Dave Ramsey Show' with what sounded like a pretty straightforward question: Can we afford to buy a new car? 'My husband lives and breathes by Dave's rules and he thinks we can't afford one,' Kayla wrote. She said she and her husband are both 35 years old, have a combined income of $700,000, and a net worth close to $1 million. They have two young daughters and are planning to grow their family soon. Their only debts are a $600,000 mortgage on their home and a $65,000 mortgage on a rental property. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Kayla's plan was to save up and buy a new midsize SUV this year. Her husband wanted to stick with a used full-size SUV and keep it for at least seven years. What followed wasn't the usual Ramsey-style financial breakdown. Instead, Dave Ramsey and co-host Rachel Cruze launched into a full-on critique of the couple's dynamic. 'The problem here Kayla, is not the car,' Ramsey said. 'You just stand back and ask for stuff and he decides if he's going to give it or not. That is not a Ramsey rule.' Ramsey went on to say Kayla sounded like a '16-year-old having a hissy fit because your daddy won't buy you a car,' a comment that many viewers found jarring. While Ramsey emphasized that he teaches couples to work together financially as 'two grown-ups working toward an agreed goal,' his mocking tone and personal assumptions about their relationship didn't sit right with many listeners. Trending: Maximize saving for your retirement and cut down on taxes: . In the video's comments section, viewers pushed back. One commenter said the woman didn't sound anything like Ramsey's mocking imitation. She had simply asked if they could save up for a new car, considering their income. The commenter added, 'He didn't have to insult the wife. He was a rude a-hole.' Another wrote, 'I didn't get that inference from her writing at all. Dave heard something that was never there.' Others shared that they also didn't pick up on any of the supposed undertones and felt Ramsey was projecting. Several people pointed out that the husband appeared to be using 'Dave's rules' as a way to shut down the conversation. One said it sounded like he just wanted control and was using Ramsey's advice as an the drama, Ramsey did eventually answer the financial question: No, he wouldn't recommend buying a brand-new car unless you have a net worth of at least $1 million. 'Buy a two-year-old SUV,' he said. 'Let someone else take the buttkicking on the depreciation.' He also criticized the couple for poor money management. 'There's something wrong. Where the heck is all this money going? You ought to be able to write a check to buy that SUV and not even have this discussion. There's money going out of here like you guys are in Congress.' Still, many commenters felt the emotional commentary overwhelmed what could have been a simple financial discussion. One viewer summed it up: 'Dave, you are good at finances, but perhaps leave the 'daddy issues' for John Deloney?' Deloney is one of Ramsey's co-hosts and a popular mental health expert. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – 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 'I Want A New Car,' Says A Wife Whose Husband Says They Can't Afford It On $700K. Dave Ramsey Starts Mocking Her And People Are Confused originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
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28-05-2025
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These Are Disturbing Numbers,' Says Dave Ramsey To A 59-Year-Old Caller With Three Degrees Who Still Owes $258,000 In Student Loans
A recent call to 'The Dave Ramsey Show' featured a 59-year-old man facing a financial mountain: $258,000 in student loan debt, despite holding three college degrees and decades of life experience. His story is one of educational ambition clashing with financial Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – The caller explained that he took out Parent PLUS loans to put his son through a four-year university, while also pursuing his own academic goals. 'I have three degrees,' he told Dave Ramsey. 'The first degree was in multidisciplinary studies, criminal justice, and religion. The second was a master's in accounting and then a master of divinity in theology and homiletics.' Despite his academic background, his income sits at a modest level. 'My regular job is like $60,000 a year,' he said. He also revealed that he currently works in logistics, not in a field related to any of his multiple degrees. Ramsey was clearly shocked. He stressed that the caller is underutilizing his education and urged him to look seriously at switching careers to raise his income. 'You have not monetized your knowledge base very well,' Ramsey said. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — He continued, 'Most people with a master's in accounting make a hundred, a hundred and a quarter a year, starting just to get going. You should be able to pass your CPA with a master's in accounting, and you should move into that field and get up into the six figures. That's going to be mandatory.' Ramsey made it clear that the caller's current income won't be enough to get out from under such a massive loan burden. 'We need to move your income way up. The math on this is really, really not going to go well,' he said. He likened the situation to trying to dig out of a massive hole with a tiny tool. 'That's called a small shovel and a very large hole,' he said. 'You've got to change the shovel-to-hole ratio.' He wrapped up with a harsh reality check: 'These are not going away. They're not going away.'The call highlighted a growing issue: parents taking on massive debt to fund their children's education while still managing their own student loans. Parent PLUS loans, in particular, have become a financial trap for many middle-aged Americans who want to help their kids but end up jeopardizing their own financial future. Ramsey has warned about this kind of situation for years. He says when parents take on big loans to cover their kids' college costs, it can mess up their own finances, especially at a time when they should be focusing on saving for retirement, not piling on more debt. Read Next: Invest where it hurts — and help millions heal:. Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – 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 These Are Disturbing Numbers,' Says Dave Ramsey To A 59-Year-Old Caller With Three Degrees Who Still Owes $258,000 In Student Loans originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
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21-05-2025
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He Created A Web Full Of Lies, That Concerns Me, Says Dave Ramsey After A Caller Reveals Husband Got Scammed Out Of $270K From His 401(k)
A recent caller on 'The Dave Ramsey Show' shared an emotional story about how her husband fell for a crypto scam and lost nearly their entire retirement savings. 'This weekend, I received some devastating news,' the woman said, her voice breaking. 'My husband was scammed out of almost his entire 401(k). Now it's tax time, and we're going to have to pay taxes on it. We have no more retirement, and our savings is going to be wiped out.' The couple, both in their late 50s, had paid off their home in 2022 and were debt-free. They were living on her husband's $98,000 annual income after she had to quit working in 2023 due to cancer and side effects from medication. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. She explained that her husband had initially told her he invested $30,000 in crypto after feeling financially pressured to secure their future. He apparently showed her that they had made about $300,000 or $400,000 in an investing app. When she asked him where he got the money from, he said the 401(k). But as tax season approached and key tax forms didn't arrive, she grew suspicious. When she pressed for answers, he finally came clean: he had actually invested $270,000 and lost nearly all of it. 'It was a company in Hong Kong,' she said. 'I looked up the address, and it was in the slums of Hong Kong.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Dave Ramsey did not hold back. 'Does he now own that this is stupid, or is he still defending it?' he asked. When the caller confirmed her husband admitted fault, Ramsey replied, 'That's important because otherwise he's going to do it again.' Ramsey continued: 'He not only did something stupid, he lied about it at length. Deceived, created a web, a full scenario of lies—that concerns me actually more than his stupidity.' The caller remained hopeful, saying she feels good most days and is thankful for the time she has despite her health issues. Ramsey encouraged them to rebuild, suggesting they max out their 401(k) and Roth IRA contributions and work another 10 to 12 years to recover. He also pointed out a key principle: 'If you have to hide the investment or the financial move from your spouse—warning, warning, warning—you're screwing up.' Read Next: Maximize saving for your retirement and cut down on taxes: . Invest where it hurts — and help millions heal:.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 He Created A Web Full Of Lies, That Concerns Me, Says Dave Ramsey After A Caller Reveals Husband Got Scammed Out Of $270K From His 401(k) originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
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21-05-2025
- Business
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After Paying Off Her Own Student Loans To The Tune Of $96,000, A Dave Ramsey Caller Says Her Parents Expect Her To Cover Her Siblings' Debt
A recent caller to 'The Dave Ramsey Show' sparked a conversation that hits close to home for many borrowers: what happens when a personal loan becomes a family burden? Sarah, 29, called into the show to share that she had racked up $85,000 in student loans under her name and another $50,000 through Parent PLUS loans taken out by her parents. "I did tell my parents, of course, I would help them pay off whatever they put into their name," she said. And for nearly eight years, she did just that — working hard and throwing $1,000 a month at the debt. "So I have no debt legally in my name," she told Dave Ramsey. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – But when she recently told her parents she was about to wrap up her part and really focus on the final stretch, she was blindsided. "They kind of told me that they combined my loans and my siblings' Parent PLUS loans that they took out for them into one big student loans pot," Sarah said. That meant she hadn't just been paying off her own share; she'd unknowingly been contributing toward her siblings' debts too. "I don't know what to do." Dave spoke plainly. "You don't have any legal obligation at all," he said. "You do have a moral obligation because you promised to pay your part, but you did not promise to pay your siblings' part. Correct?" "Correct," Sarah replied. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — When she explained that she had been sending $1,000 a month for nearly eight years. That's $96,000. What he would say to the parents is, 'I paid in $96,000, including interest. That means I don't owe anymore. Sorry, Mom and Dad. The rest of it is on you and bro. I did my part." Dave emphasized that while it might be a tough conversation, it's a necessary one. "Mom and Dad, here's the deal: I did not promise to pay anyone else's loans," he said. "Mine was $60,000 at 7%, and with $1,000 a month for 8 years, the remaining balance would be zero." Sarah admitted it would be difficult. "Only because, like, they've done a lot of other things for me, you know?" But Ramsey responded plainly: "They changed your diaper, but you don't have to pay them for that. That's called being a parent." According to Dave, most calls about Parent PLUS loans involve angry parents who are stuck holding the bill. In this case, he said, "mom and dad are the ones that stepped in it." "Well done, Sarah," co-host Rachel Cruze added. "Morally, you've done everything to the T." Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Invest where it hurts — and help millions heal:.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 After Paying Off Her Own Student Loans To The Tune Of $96,000, A Dave Ramsey Caller Says Her Parents Expect Her To Cover Her Siblings' Debt originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
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18-05-2025
- Business
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'The Stock Market Is Shooting Through The Roof,' Says Dave Ramsey. But Claims The Media's Silent—'They Want You Addicted To Fear'
Personal finance expert Dave Ramsey took a swing at the media in a recent segment of 'The Dave Ramsey Show,' claiming news outlets are more focused on pushing fear than accurately reporting economic recovery. Ramsey emphasized that the market had returned to its earlier levels. 'We're about even from the first of the year now,' he said, arguing that this key point is being overlooked by the media. 'All the losses have been completely recovered from Jan. 1.' Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Ramsey pointed to the stock market's rapid rebound following news that the Trump administration had reached an agreement with China on tariffs. 'As of this moment, the stock market is shooting through the roof,' Ramsey said. 'Huge rebound in the last two days.' Just weeks ago, he reminded listeners, media headlines warned that Trump's tariff negotiations would ruin the economy. 'Y'all remember that we were all going to die about a month ago? That the world was coming to an end?' he asked sarcastically. 'See if you find one positive news story about it going up,' Ramsey challenged. 'You won't find one.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Ramsey accused the media of thriving on fear-based narratives. 'They really don't report the news. They're just in the fear porn business,' he said. 'If the tornado isn't going to kill you, you're going to lose all your retirement. Or there's going to be a hurricane, or an earthquake, or all of the immigrants are going to kill you. Something's going to kill you. That's all they do over and over and over.' He recalled how, after the Sept. 11 terrorist attacks, the stock market dropped sharply but fully recovered in just 54 days—a milestone he says went unreported. 'Not one news outlet reported that America's economy is so vibrant, so strong,' Ramsey advised investors to stop reacting emotionally to short-term market fluctuations. 'Quit buying and selling your stock. Just get in your mutual funds and stay in and ride. This is how people build wealth,' he said. He warned against the emotional pull of headlines and clickbait. 'You're not going to find a report. If you do, it's one in a bazillion.' Co-host Ken Coleman highlighted the difference between the economy and the stock market. 'That's a speculative game,' the guest said. 'What we're seeing on Wall Street is not the same as the health of the American economy.' Ramsey wrapped up with a memorable analogy. 'In a given week, it's a four-year-old having a temper tantrum in the cereal aisle because the Froot Loops aren't right there. In a given decade, the stock market's a wise old woman.' Read Next:'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. 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 'The Stock Market Is Shooting Through The Roof,' Says Dave Ramsey. But Claims The Media's Silent—'They Want You Addicted To Fear' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
