{"id":219442,"date":"2025-09-11T23:57:15","date_gmt":"2025-09-11T23:57:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/219442\/"},"modified":"2025-09-11T23:57:15","modified_gmt":"2025-09-11T23:57:15","slug":"dave-ramseys-advice-was-a-huge-shock-but-in-just-14-months-they-paid-off-a-35k-car-loan-5k-in-credit-cards-and-a-382k-mortgage","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/219442\/","title":{"rendered":"Dave Ramsey’s Advice Was A ‘Huge Shock.’ But In Just 14 Months, They Paid Off A $35K Car Loan, $5K In Credit Cards And A $382K Mortgage"},"content":{"rendered":"\n

A Reddit user says Dave Ramsey<\/strong>\u2018s financial advice was \u201ca huge shock to the system.\u201d But it worked. In just 14 months, they paid off $422,000 in debt, including their entire mortgage.<\/p>\n

In a recent post on r\/DaveRamsey<\/a>, a 45-year-old man shared that he and his 43-year-old wife found the personal finance expert\u2019s method just a year ago. Before that, they were, as he put it, \u201cnormal.\u201d<\/p>\n

\u201cWe were \u2018normal\u2019 with two car payments, credit card debts, and a huge mortgage,\u201d he wrote. After discovering Ramsey\u2019s principles, the couple cut their spending drastically. They adopted the \u2018rice and beans, beans and rice\u2019 mentality<\/a> Ramsey often preaches\u2014focusing only on essentials and eliminating all luxuries. \u201cNo vacations, no extravagant purchases or eating out for about a year,\u201d the poster said.<\/p>\n

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According to the post, the couple paid off $35,000 in car loans, $5,000 in credit card debt, and $382,000 remaining on their mortgage. The original mortgage was $427,000, started in June 2021. They had paid off $45,000 before getting what they described as \u201cgazelle intense.\u201d<\/p>\n

To accelerate the process, they liquidated investments. \u201cSold about $20k in stocks and $130k in crypto which helped quite a bit,\u201d he said. They also sold a motorcycle and various household items for around $20,000 combined.<\/p>\n

They didn’t stop there. They slashed their retirement contributions down to just the company match, cut all non-essentials, and funneled every bonus, tax refund and dollar of disposable income into debt repayment. Their combined take-home income was about $10,000 per month.<\/p>\n

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Many congratulated them, but noted that this level of intensity doesn\u2019t work for every household.<\/p>\n

\u201cWe are fortunate to have a slightly bigger shovel,\u201d OP replied, using a Ramsey-ism for higher income. \u201cThe biggest issue was to overcome the mental block and actually hit the sell button\u201d on their investments.<\/p>\n

While they didn’t follow the baby steps in perfect order\u2014they skipped saving for their child’s college fund and focused on the mortgage\u2014they said the economy and job market pushed them to prioritize becoming debt-free.<\/p>\n

When asked how much they saved in interest by paying off the mortgage early<\/a>, OP replied, \u201cLooking at the amortization table, we saved about $134k in interest.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A Reddit user says Dave Ramsey\u2018s financial advice was \u201ca huge shock to the system.\u201d But it worked.…\n","protected":false},"author":3,"featured_media":219443,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,19664,7780,255,119628,67,132,68],"class_list":{"0":"post-219442","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-credit-card-debt","10":"tag-dave-ramsey","11":"tag-personal-finance","12":"tag-real-estate-company","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115188377935258665","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/219442","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=219442"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/219442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/219443"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=219442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=219442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=219442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}