Style Switcher

Predefined Colors

Let’s Talk About Money So We Can Stop Talking About Money

I want to talk about money so we can stop talking about money because get this when money is no longer an obstacle we can focus on what really matters and become the people we really want to be and money then becomes a tool to help you live a life that you're proud of instead of exhausted by and it gives you more margin more options more joy and more wealth than ever before and you guys can start that journey tonight.

As found on YouTube

We Want To Retire

Read More

What Broke People Mean When They Say “I Can Afford This”

so when broke people say I can afford this you know what they're saying I think I might be able to pay the payments that's what broke people mean when they say that.

As found on YouTube

We Want To Retire

Read More

This Is Who I HIRE and Who I FIRE

lot of times when I'm doing a leadership conference people will ask me uh how I motivate people I don't motivate people I hire motivated people and I fire demotivated people and when I get enough motivated people in the room the whole room will freaking explode with electricity and I can't make that happen but I can make the environment happen because you cannot win the Kentucky Derby with a donkey.

As found on YouTube

We Want To Retire

Read More

This Addiction Is Ruining Us

[Music] brought to you by the every dooll app start budgeting for free today Mary is going to kick us off in Cleveland Ohio Mary welcome to the show Hi how are you doing today doing well how are you um I'm gonna be honest I'm a little nervous and anxious right now we got you Mary it's just us here just us girls let's talk okay what's going on um so I'm calling in because my husband is a gambling addict and has been since January of this year when it became legal in Ohio um it is call as the heaviest hole on our marriage um on our relationship our family and I'm at the point where I have tried many routes with this trying to be very gracious on how I go about it trying to be respectful as a wife trying to support his mistakes but trying to get him the help he needs and nothing is working um and at this point he is very adamant about continuing to do it um and I'm at the point where I feel that I need to you know take my daughter and take a step away not divorce but maybe take some separation until he figures it out but I honestly don't want to have to do that but I don't know what else to do right now what makes you think that or what's happening that you feel like I need to get me and my daughter out of this to be safe well um I think you're right I think you're right by the way but I want you just articulate what something else is going on like what's happening in your home it's just an extremely tense environment we argue all the time um which you know we wead are you arguing because he's losing thousands and thousands of dollars or arguing because he's just glued to his phone all the time and he's angry because he wins and loses or as Mo as is most of the time the gambling Behavior and the addictive actions that are keep like this compulsion um is indicative of a much bigger issue in your marriage y'all don't talk to each other you don't listen to each other there's no intimacy it's just become a mess and gambling is the way he's choosing to handle that that Global dysfunction inside your home correct okay all of it um yes and I mean the lying is the biggest thing so anytime somebody has a boundary inside of a marriage that they're thinking about laying down right like this is this is my um this is my final straw this is my line that I won't cross anymore I always want to encourage them to have an or what statement because the person they laid the boundary down um is going to want to know can you give an example yes so you need to have an or what statement you sit down with your husband and say if we don't go to marriage counseling by the end of this weekend or we don't have a date on the calendar by the end of this weekend and it's next week and if you don't go here's the or what me and our daughter are moving out okay period you just have to be prepared for the or what because the or what comes with a lot of complexity and I know it sounds super cool to be like you like you're G you can Google this and on these stupid websites they're going to tell you like just leave him you don't deserve that sounds all well and good but there is a significant finding complexity to this right yeah and I I mean I really don't want it to have to come love him family together of course you do I want you to keep this front and center As you move forward you are simply doing what you have to do to keep your family safe and responding to somebody that's thrown a grenade inside your home yeah you're not the one doing this and he will paint you as the villain here he has that's right because he gets to do whatever he wants to do whenever he wants to do it with quote unquote y'all's money and he can you're just whining and nagging and complaining and on and online gambling online Sports gambling is destroying individuals and homes across this country period and dude I always watch the fights I love watching the games I love having fun with my friends so it's not that I'm like this fuddy ddy that sits in my house and and plays bingo the time I love I love the whole environment and yet this is destroying people yeah and you've told him that and he has told you I don't really care what you have to say I'm gonna keep doing whatever I want to do yeah and I mean it's it's been the past few months um I guess to give just some quick context uh so pretty much in a lump sum he has spent between 30 to $40,000 has he lost it oh yeah like he's lost all all of it okay we don't there there's no um I mean he's you know won a couple thousand here or 100 here things like that um but it's it's he's all together um since the beginning of this year it's been around $40,000 um and can we be honest this is what you know about I promise there's more this is all I know about promise more let me ask you some a very tactical question if you move out do you have do you have a job do you have money um yes I I I have a job but we um so he's in nursing school so hold on hold on hold on he is making choices you are keeping yourself safe if he's in nursing school then he gets to take care of his pay for nursing he gets to make all those choices on his own you need to have your four walls covered for you and your baby if you choose to do you have your own bank account yes I actually did um probably about two months ago at this point um that was one of the steps I took was separating good our finances we never recommend that except in this moment does it direct does your check direct deposit into that account it's still in our joint um and I will just say so pretty much because we don't have any like we don't have any Financial Security right now so with my job and his job we get paid each week so I get paid and then he gets paid the following and so on so forth so with our money that we have right now I want to take the money from like my check and put it into ours but then all the bills come out from our joint cuz we haven't switched any of those yet so all of like pretty much each paycheck that we get each week is going towards bills going towards groceries and gas and then there's nothing left over I want you to get with a friends and I want you to map this out okay okay and you're gonna have to move your direct deposit to your new account and you know as well as I do he's going to hit the roof isn't he yeah he he already did when I I mean everything I do he get he does that's right are you safe yes okay he's not going to hit you or hurt you no okay so we are getting with a friend and we're going to map this out what's an apartment going to cost what are the light and water bill going to cost and we're going to get all this La mapped out and lined out we're going to make sure that our check can cover that and you might need to get some new hours and all that kind of stuff child care all those things and then we're going we're going to sit down and be very articulate and clear about my or what statement this changes or here what I'm going to do you can't control anything he does you can only control what you do I hate that you're in this situation stay on the line we're going to hook you up with every dollar so you can begin to control what you can control if and when you have to step away create your free every dollar budget today the simplest way to budget for your life

As found on YouTube

We Want To Retire

Read More

I Don’t Know Where Our Money Is Going

[Music] brought to you by the every dooll app start budgeting for free today Hey Stephen welcome to the show hey good morning or good afternoon guys how are you we're doing great how can we help so I'm kind of in a position so uh really just kind of looking for some advice so my wife was involved in a car accident about a year year and a half ago oh gosh okay we uh yeah she ended up being okay she had some uh she almost had to have some surgeries and everything and it it affected her work she's a hair stylist so she works for herself um she had some hand injuries and things like that so so we incurred some medical bills and um some time off work and everything else kind of but my question is I've got I've got a list of our payments and what our debts are and um we're expecting to get about $22,700 back in a settlement um from from that accident and I was just wondering if you guys could could help point me in the right direction of what we should maybe pay off or if we should put it in our savings account and just sit on it and continue to make our monthly payments like normal U just kind of what the best course of action you guys thought would be yeah it's a good question do you guys have any money in savings right now very little so we actually uh we have four kids one of our kids is disabled so you know it's kind of a it's a back and forth thing you know okay so really nothing in savings so how much what's your debt like give me like a list of it in the amounts yeah so um our house uh we owe about 44,600 on our house um we just incurred a new debt which we bought had to buy her a vehicle after the accident hers was totaled um that's we owe 21,000 on it uh we got a pick up that I that I drive owe 177,000 on it then we've got a personal loan for about $2,000 and then somewhere in the the neighborhood of5 to $5,500 in credit card debt oh Steve you're not going to like what we say that's fine no that's what I'm looking for how much you guys make a year Stephen about 75,000 okay um yes so okay can I say it before you give it to him Rachel let me just say this Stephen how' you find us um I was actually just scrolling through Facebook and and ran across some Dave Ramsey videos and started listening and how long ago you know these oh not very um okay probably probably three months ago if that all right so you are like in the in still like in the uh the entryway to our Our Gang right yeah yeah you could call it the infancy I guess okay so we're I I'll be super gentle and kind okay I want you to begin to transform your language okay from we had to I had to go take a loan out and buy a a a $21,000 car I have to have a $177,000 truck to yeah we we chose to do that okay okay that's going to be key as Rachel walks through because the other when you when you approach life as reactive life did this so I just have to do this you will stay broke for the rest of your life if you say Come What May I will stand firm on a principle I don't borrow any money outside of a mortgage period ever and a mortgage only if I got to now you're about changing your entire family tree okay okay it's about taking ownership okay all right Rachel um Stephen how much could you get for the 21 the $21,000 car have you Kelly Blue booked any of these in your truck um yeah so my my truck's actually worth about 30,000 um in in today's market I actually just looked it up the other day and actually had the dealership the dealership called me the other day offering me 30,000 just to buy it out right from me wow okay not interest not not interested in doing that I mean well I guess I could be you're going to you're gonna get real interested you might be in a second how about the 21,000 I I could definitely be interested in that um and then I think my wife's van it's probably right at Worth right at what we owe on it okay okay um and did you say you have $5,500 in credit card debt or $500 about 5,500 okay and what is the credit card debt what does that consist of what what what were you what were you guys swiping the credit card for you know it it really I mean it was kind of Christmas last year and then you know and I listened to to part of the show earlier when you guys talking about Christmas you one of the 25% Stephen yeah yep and I was really kind of really hit home and then you know School Clos and everything else okay okay so it's just life okay so uh one bright side of this Stephen to make you be like okay you're normal you're normal you guys literally are the Every American Family you got two car loans you got some credit card debt you got a personal loan and you're just living life but you probably feel like Stephen oh my gosh we work really hard and I feel like we're broke I feel like we're barely making by how how is that possible okay so that feeling that you're feeling is is a flag that is raised in your emotions to say like okay we're not doing this correctly so the way you guys have been looking at money because you called in this show the way we're going to advise you is a complete 180 of what you're of how you've been looking at money and here's the deal too Stephen you have to realize okay I have to do a 180 because what I've been doing is getting me these results and I don't want these results I want something different which means I my actions in my thought process have to be completely different now right so so what we're going to say is probably going to radically shake you up and you're going to be like wait these people are insane maybe a little but we're also not broke so we do these things in our own home yes yes we live this stuff out Stephen so if I woke up in Stephen's shoes and your wife's shoes here's what I would do I'd sell your truck today get the $3,000 go get a $115,000 car that debts completely gone you got a great truck or great car whatever you have for 15K you're calling it a day uh I would take the $222,000 that you guys have and I would knock out the personal loan I would knock out the credit card debt and then I would put anything else that's there I'm trying to do this quick math um anything else left at the car loan so you guys will probably have about I think $15,000 left on the van and I Want You Stephen for about a year to or no it didn't have to be a year yeah maybe a year to work extra I want you guys to take on extra jobs either at your primary job I want you to drive for Uber Eats I want you to do the most radical stuff to earn extra money and get this van paid off because you could look up in one year Stephen and you're a whole life looks completely different but your so I actually I actually just started a new not new job a new side job if you will good I'm a I'm a career firefighter that's what I do for a living there just frankly there's there's no money in that um oh sorry oh shoot Stephen sorry I didn't mean to cut you off we're going into a break anyways but but but all that to say this that's that's exactly what I would do when I laid out for you and it's going to feel different it's going to feel uncomfortable it's going to be strange but I'm telling you Stephen this $22,000 if you guys get this settlement and you get this cash and you don't change anything you don't cut up credit cards you keep living your life it's going to be gone it's going to be gone put it to good use create your free every dooll budget today the simplest way to budget for your life

As found on YouTube

We Want To Retire

Read More

Work Until You Die?

work until we have to die just for the privilege of being alive we have to work somewhere just to afford a house that we're never at because we're working to afford the house is the meaning of life to work and pay taxes and then die on top of that we also have to work to afford our vehicle to get to work in other places and afford gas just to get to work and we also have to pay taxes for our roads to drive on to get to work and then we have to work for our children to go to school to learn how to work if the only places you work are soulless giant corporations that you know the only thing you're contributing to is a few people at the top getting rich you're not you haven't connected what you do to you're not solving a problem for somebody y um you are a cog in a machine you are a car in a traffic jam then that sort of desperation Rings true and I get that yep.

As found on YouTube

We Want To Retire

Read More

No, Don’t Do It!

so I'm in a relationship right now uh everything's going great and I'm planning on proposing uh maybe in the next two weeks I was in a relationship previously before the one I'm in now and I was engaged to the uh girl and she gave me back the engagement ring oh don't do it don't do it I was thinking about just using that ring does your girlfriend know about this past engagement no oh boy okay number one have that combo first oh no no no no no no she knew I was in yeah she knew I was engaged before yes she so do you not think she's going to her first question is going to be wait is that the ring from I I know I just don't want to spend extra money on it because Chris Chris christop a different the moment you slide that ring on her finger her her finger will catch fire.

As found on YouTube

We Want To Retire

Read More

Should I Buy a House With My Brother?

[Music] brought to you by the every dooll app start budgeting for free today what's going on Dana hi uh so I I am 29 years old and I've been planning to purchase a home but I'm planning to like purchase it with my brother so is it a smart idea to like have my brother as a co-owner of the property I mean majority of the down payment is going to come from me and so is mortgage yeah no um Noe nope nope no how old did you say you were I'm 29 29 29 okay why can I just can I understand why why are you guys doing this together what's the purpose in your mind um we've been living together um like for like three years and we've been planning to purchase a property as well why is my question um because well we just we we we're like both single and we don't know like we wanted to stop renting and we wanted to have like our own property so this is your way you felt like you couldn't afford it separately so you're doing it together is that accurate uh yes I think I mean personally I like with the current housing market I don't think I can afford like the monthly mortgage well let's look at it what do you make every what do you make every month what's your take- home pay I make uh around every month yeah yeah around 6 6200 6,200 yes that's your take home pay okay so what type of home are you trying to buy like when you when you say here's what I need and you're realistic about what your needs are and you're not going overboard what was what does a cost a home like that cost you in Los Angeles because I know it's going to be expensive yeah um since I'm single like maybe like a condo or a town house like with like two bed like a single bedroom like I'm just like living alone sure that's fair enough what what would that cost you in the area that you live um in the area you're trying to be looking it's yeah it's around like 450 to five 5 I think no I 450 to 600 okay so 450 to 600 that's a big range um and then my next question is what kind of work do you do I work in a as a lab scientist in a hospital a lab scientist okay here's thanks for giving me the particulars I don't think that you should like John said I don't think that you should buy a home with your brother there's a lot that can go wrong there um it would be different if one of you were purchasing the home and one of you put the down payment on and said hey if you want to live here and pay me rent or pay for your room here you could do that um doing that yeah that's that's fine um the the hard part comes when it's you're dating somebody and you're ready for them to move out and now they feel like they got the raw end of the deal like there are many things that can go wrong and I just want to call that out so and and there's one other thing when you're married there's a and you get divorced there is a business there's a legal path towards separation it's why we same reason we tell people don't um buy a house with your boyfriend or girlfriend because the separation Isn't So Clean it's a mess and similarly if you and brother just go in as as brother and sister boyfriend girlfriend um just two people the separation part is going to be a disaster not to mention Are you seriously sis you're going to make me pay you back for your down payment well yeah are you kidding me I'm your brother you don't love me well yeah or vice versa right and so or he's going he's going to start dating someone and bringing them to your house and she's not going to like the way you cook and dude I just I just wouldn't I just wouldn't I wouldn't and here here's the greatest way you can love each other is to not go into a legally binding agreement together see what I'm saying right one if you buy the house and rent it rent a room to the other one I'm fine with that and and and do it right like even when you do the way John said do a lease like this is is it a year lease let's just start with a year-to-year thing right and and and do it by the book so that at the end of the day if something has to if the hammer has to come down it's not it's not you doing it it's the lease right you know what I'm saying like hey the lease is up we did say and you can always point back to the terms of what you guys agreed on I'm not going to lie I still don't love it but it's your life if you want to live with your brother I'm not mad at it um I just went into it man that's all I can say um at the end of the day I here's here's also where I stand though with purchasing a house there is a piece of this whether it was let's say you didn't have a a brother and let's just say you were calling and your Hope was to get a roommate to live in the house it bothers me for somebody to own a home that they can't pay for in full on their own because like I said something can happen and whoever is living with you moves out and it could take you a longer a longer period of time than you thought it would to find a replacement and so now you've got to be able to cover the mortgage do you see what I'm saying so my goal here is to get you thinking about every angle of this thing and just with me poking a few holes I don't love like I look I want you to have a condo I want you to have a home I want you to not be a renter but I I want it to be done in the right way my question for you next is what would it look like and this is just for you to brainstorm uh you don't have to answer this now where you live is really expensive what does it look like for you to do the same type of work elsewhere uh I can move I guess but uh I feel like my current job right now is really good like benefits wise I it is but it's not allowing you to live you want a home and it's not allowing you to do that look I I have family who lived in California for years and they're married and at one point they said she's a teacher and the other one you know Works in gaming and they said we're never going to have the life we want here and they picked up and moved to Georgia yeah all I'm saying is you may have to consider our hospitals need lab scientists in Kansas City right where you can buy a condo maybe for 300 instead of 600 or maybe 350 instead of what and I don't know Kansas people are going to be like you can't but I don't know but all to say is you have to decide which dream we want which dream that's so true John oo that's a hard one but she's got some options she's just got to allow herself to see the options create your free every dollar budget today the simplest way to budget for your life

As found on YouTube

We Want To Retire

Read More

You’re the Momma Bear!

you are a mama bear who has gotten put in a tough situation because of deadbeat dads these guys if they were in this studio right now i' I'd get after him with a whiffle ball bat because I couldn't hurt him bad enough to really put him in the hospital but I'd sting them good they're jerks they're low lives they're lazy they're punks all the words that I can say on the air and I understand that and it sucks but you're the mama bear and you got to take care of those kiddos and you are worth way more than $16 an hour work.

As found on YouTube

We Want To Retire

Read More

Why Debt Balance Transfers Don’t Work

[Music] foreign brought to you by the every dollar app start budgeting for free today today's question comes from Andrew in Minnesota what are your thoughts on balance transfer credit cards I have three credit card debts I'm paying off in baby step two and the interest rates are really high would it be wise to transfer it to a zero percent interest rate card while I am paying them off the life hack of the balance transfer to the zero percent card how many have built their wealth Dave no I'm not a fan of these balance transfer cards and one of many reasons is that it doesn't solve the root problem you going into debt another reason is the three to five percent they charge you just to do this which means if you transfer 10 grand you're paying an extra 500 bucks for the pleasure of continuing to be in debt with the zero percent offer that will soon run out while you're still in debt and then we're back to square one so while I'm paying off debt can mean a lot of things while I'm paying off debt over 10 or 15 years which means you're not really paying off debt or while I'm paying off debt for one year because I'm gazelle intense and sold everything but the kids and they're worried you know I mean that's that's two different things of while I'm paying off debt so um while I'm paying off debt over 10 years which means I'm not really doing it then I'm moving with George don't bother because you're just kidding yourself that you actually did something interest rates aren't your problem the guy in your mirror is your problem you need to quit spending like you're freaking in Congress if you're instead doing the other way and you're like gazelle intense you're paying it off in one year then what you're saving is 18 of your balance or 26 percent of your balance minus whatever transfer fees there are and so you would save some money but let's just kind of talk this through for a second let's say let's say net of fees transfer that you saved I'll make up a number let's say it was a 20 and a five percent fee so net of 15.

You save 15 okay if you save 15 off for one year on twenty thousand dollars while you're paying it off well you're not really saving it on twenty thousand because during that year you will have reduced it within six months down to ten thousand so your average is not twenty thousand your average is about ten thousand that you're saving the interest on does that make sense okay this done math nerd here okay so 15 of ten thousand dollar savings is fifteen hundred dollars on a twenty thousand dollar balance so is it worth it to save fifteen hundred dollars on a twenty thousand dollar balance in one year yes but to George's Point does it solve your problem no you have a twenty thousand dollar problem you don't hit it with a fifteen hundred dollar tool you hit it with a twenty thousand dollar tool which is you you be working you butt off that's the tool yeah okay and you be living on beans and rice rice and beans and don't talk to me about you deserve to go out to eat you'll be a broke person in credit card debt you don't get to go out to eat broke people don't do that crap that's the other piece is you have to actually change your habits you can't just go up I switched to the zero percent we're good now I can keep living my life how I was living and the problem is what I'm trying to point out is the problem is when you make this massive intellectual calorie burning move right to make this transfer and I'm beating the muscle genius ah I've got the billion dollar credit card industry on its back punching it in the nose no you don't okay they are punching you in the nose this is why we're having this discussion so you're not gonna whip their butt you they're the 800 pound gorilla you might take a little chunk out a 1500 chunk out but don't think that that solves the problem it's okay to do it as long as you know that 95 of the problem still stands there and 95 of the solution still stands there and that be you to your point yeah so do the transfer if you want but don't act like don't strut around act like you did something and don't get comfortable because now with zero percent you're going well it's fine it's not gonna don't act and don't act like you can do this odd infinitum because that's what they're praying for that they can keep haggling you hassling you and punching you in the face and it's time for you to uh just say you know what I don't like the rules of this game I refuse to play anymore I'm taking my toys and going home you know I'm going I'm getting away from you people you I'm gonna put up a boundary you're talking this is a toxic relationship absolutely so what reminds me Dave I just uh we uploaded this YouTube video on my channel and reacting to this woman who said hey velocity banking hack I paid off my mortgage years early by maxing out my credit cards and writing a check to myself and then switching to the zero percent cards one after another and all of you should do this hack to pay off your mortgage early it's genius and so I broke it down on why velocity banking is a scam but it reminded me of this conversation about these balance transfers so they renamed stupidity velocity you have to give it a cool name to keep it hip because then you know infinite banking you've talked about that I thought velocity means statement speed that's the anointment stupidity yes but stupidity banking No One's Gonna no they wouldn't sign up for that no oh so we had to give it a different name infinite banking Velocity Bank oh it's it's stupid fast do stupid fast quickly fast do do stupid quickly uh you know how to sell things Dave you know how that works it's just exhausting so here's what they'll jump through interest rates in almost a thing to remember the reason debt consolidation doesn't work in general is that 88 of the people that take out a debt consolidation loan end up going deeper in debt because they don't change the person in their mirror the problem with this whole thing is it's a pain in the butt because changing you changing me me changing me is a pain in the butt I don't like changing me I like the old me I don't I don't want to have to go through the pain of growth I don't like it I don't like the discomfort of transformation and yet that's what makes a better version of me and so changing me is the hook not changing the um technique or the hack so change the you know if you want to shift your balances that's fine but you still have 95 percent of the problem you've only addressed five percent of the problem so don't strut around the yard throwing your shoulders back acting like you be bad because you're not you haven't done anything yet you just moved it around the shell still has a p under it it's just a matter of which one the con game on the street and you're just playing the game you got you're getting suckered again so it's there somewhere you can count on it until you get rid of the toxic relationship completely by paying the stinking thing completely off it's a big deal it's a big deal so that's the difference in see I grew up in the financial world as a as a in the academic side of things getting all the licenses and selling all this crap and we are always taught that the problem is a math problem and it's just not when it comes to your personal finance it's 80 Behavior twenty percent had knowledge it's in the psych Department yeah wrong Department it's not a math issue it's a behavior if it's a behavior problem then the solution is a behavior modification solution yeah people think well the problem Dave is the 24 interest if I could solve that no the problem is the guy who got your who got themselves into 24 interest debt and if we can solve for that we've solved for a whole lot more than just this one little dinky debt oh and let me tell you when you fall for stuff like velocity stupidity banking um when you're desperate or when you're greedy if you want to con someone you need to find people if you read I read a great book by a con man one time he said if you want to con someone find people that are afraid or that are greedy and if you so if you think that you're the exception to the rule and you've got the hack and you no one knows about it but you after all this time God selected you to give him this what you've got to be kidding me that's so greedy and stupid and nice prod comes right before the fall you just describe most of the cryptocurrency community and now the nft community they're really quiet now yeah not making much noise pipe down where are all you people that said George and I were frauds well they made their Millions now they're on the beaches Dave they're not tweeting anymore that sounds like velocity banking to me now they're probably back at work working their normal job that's a velocity uh Philosoraptor banking oh there you go that's a whole new banking I'm signing up for that one Chomp Chomp I know what happened to the dinosaurs I'm not I'm not touching that one with a 10 football

As found on YouTube

We Want To Retire

Read More