{"id":164723,"date":"2025-08-21T20:54:17","date_gmt":"2025-08-21T20:54:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/164723\/"},"modified":"2025-08-21T20:54:17","modified_gmt":"2025-08-21T20:54:17","slug":"2-times-dave-ramsey-has-called-out-peoples-terrible-money-decisions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/164723\/","title":{"rendered":"2 Times Dave Ramsey Has Called Out People\u2019s Terrible Money Decisions"},"content":{"rendered":"\n

Dave Ramsey is a savvy finance expert. He\u2019s also a straightshooter who isn\u2019t afraid to call out his followers when they make bad money<\/a> choices \u2014 especially when they are intelligent people who should know better.<\/p>\n

Learn More: I Made $10,000 Using One of Dave Ramsey\u2019s Best Passive Income Ideas<\/a><\/strong><\/p>\n

Try This: 5 Types of Cars Retirees Should Stay Away From Buying<\/a><\/strong><\/p>\n

Consider these situations where Ramsey\u2019s podcast callers should be thriving, but debt is holding them back<\/a>.<\/p>\n

\u201cDave Ramsey Show\u201d caller Ryan confessed to having roughly $181,000 in debt, including credit cards, personal loans, student loans, and a car loan, as well as a mortgage on a $767,000 house.<\/p>\n

Prior to being out of work for 18 months with a workers\u2019 compensation claim, Ryan was making as much as $220,000 per year. Even so, he\u2019s failed to pay down more than a few thousand in debt. Ryan wanted to consolidate his debt<\/a>, but his credit score wouldn\u2019t allow it. He asked Ramsey for a solution.<\/p>\n<\/p>\n

\u201cYou\u2019ve given your life away and the way you get it back is you\u2019re gonna have to give up some stuff,\u201d Ramsey said. \u201cSell your car, sell your stupid house. Get you another one later, when you get your act together.\u201d <\/p>\n

Find Out: 6 Ways To Lower Your Student Loan Debt Interest Rate<\/a><\/strong><\/p>\n

The caller argued that his credit wasn\u2019t good enough to buy another home. Ramsey suggested the caller put $140,000 per year toward debt to get out of his current situation.<\/p>\n

\u201cBut you don\u2019t want any pain, you don\u2019t want to sacrifice,\u201d he said.<\/p>\n

Ramsey takes paying down debt seriously and doesn\u2019t take excuses from callers.<\/p>\n

James, another caller on \u201cThe Dave Ramsey Show<\/a>,\u201d confessed to having more than $750,000 in debt, including student loans<\/a> and a $350,000 mortgage, which is held by a family member.<\/p>\n

The caller is in law school, poised to take the bar exam, while his fianc\u00e9 has two years left of medical school and another two years of residency. When she completes her residency, the couple should have a combined annual income of roughly $550,000.<\/p>\n

But even with this massive income potential, right now they are essentially broke college students. And Ramsey suggested they start living as such.<\/p>\n

\u201cYou can\u2019t have a house right now. You have no income,\u201d Ramsey said, after James confessed to two big financial mistakes.<\/p>\n

First, James has been living off his student loan money. And he and his fianc\u00e9 have been living in the house with a deferred mortgage provided by a family member.<\/p>\n

\u201cI have not collected any interest nor have I made any payments on the property,\u201d James said.<\/p>\n

\u201cWhoever your relative is has helped you step into a bear trap, and bear traps take your leg off,\u201d Ramsey said, reiterating that James should sell the house.<\/p>\n

\u201cGet you a one-bedroom apartment, dude, and eat beans and rice and go to work as a lawyer making $150,000 and start cleaning up the remaining debt<\/a>,\u201d he said. \u201c[But] you\u2019re not going to do that, because you still think this is a good idea, but you called the wrong show because we love you enough to tell you the truth.\u201d<\/p>\n

Ramsey went on to say that doctors and lawyers often don\u2019t use common sense when it comes to financial decisions.<\/p>\n

\u201c[M]edical doctors are about as notorious as people in the music business or the acting world for being stupid with money,\u201d Ramsey said. \u201cOnly they add a level of arrogance to it, because they\u2019re so freaking smart.\u201d<\/p>\n

Refusing to listen to James\u2019 excuses, he concluded, \u201cWhen you\u2019re 30 years old, you guys are going to be very wealthy if you\u2019ll\u2026 follow through on what we\u2019re saying.\u201d<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 2 Times Dave Ramsey Has Called Out People\u2019s Terrible Money Decisions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Dave Ramsey is a savvy finance expert. He\u2019s also a straightshooter who isn\u2019t afraid to call out his…\n","protected":false},"author":3,"featured_media":164724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,7780,94941,255,75850,33486,36828,67,132,68],"class_list":{"0":"post-164723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dave-ramsey","10":"tag-dave-ramsey-show","11":"tag-personal-finance","12":"tag-student-loan","13":"tag-student-loan-debt","14":"tag-student-loans","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115068748694774105","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/164723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=164723"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/164723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/164724"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=164723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=164723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=164723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}