Dave Ramsey Responds To George Kamel's Financial Advice

[Music] brought to you by the every dooll app start budgeting for free today some of you don't like the advice so what what you're going to find with the Ramsey Bunch George Jade included is that we're here trying while you're sitting at home bitching an 86y old woman called in and she was in a bad situation she was making about 1,200 bucks from Social Security but her expenses are 1,500 and she's been using her credit card to cover the Gap so now she's in 30k of credit card debt she has a a paid for home and a a you know car an old Buick or something that was worth probably nothing a few grand she's asking us for help what does she do so we were trying to lay out some suggestions for her of you know maybe downsizing in home to pay off the credit card debt maybe she said she was working up until she was 80 and I said could you do something part-time to cover the Gap George told an 86 year old woman to get a job when you say it that way George it hits differently no wonder you got hate exactly so I wanted Dave's take on the clip we're going to the team edited this down to about you know 2 minutes of Our advice I want to get Dave right let's let's let's watch your edited version here are you at the point where you could move in with your daughter I could but I'm not too sure about that you know personality I mean if well the problem is let's say if I snap my fingers and got you at of credit card debt you're going to be backing $30,000 of credit card debt because you're using the credit cards to to float your life and expenses could you downgrade in house is you know if you sold it for 250 could you go buy a place for 200 I could but I'm 86 years old I mean I know but we also didn't set ourselves up for a bright future in retirement God so this is part of it is we got to deal with the ramifications I was a single mother since I was 19 years old with no no child support and I worked until I was almost 80 is there something you could do to make a little bit of extra money right now I think we might need to find a little part job to to clean up this debt and increase our income if you're able-bodied it's not fun but this might be your only option other than selling the house and downgrading to an apartment that you pay cash for which allows you to clean up the credit card debt lowering your monthly expenses right well I have leukemia I've had it for 21 years I don't really have a I really don't have a high uh energy level and I have a dog and then he told her to sell the dog and sell the horse and sell the house and did offer that up maybe we need to rehome the dog cuz it was costing her 200 bucks a month for the dog expenses and uh so okay uh Papa Dave's take it would be it would it's a lot of fun to make fun of y'all but um but truthfully here's the situation okay um I mean the poor lady what a Miss now did I get the numbers right that she's paying she's 1,200 month coming in but she needs 1,00 including paying her credit card payments I believe that included her minimum payment on the credit card I think it did okay I think when I watched the whole clip back I think I saw that so so basically what she's doing is is she's borrowing money on a credit card to pay the credit card mathematically because if she just didn't pay the credit card she could barely eek by correct like if she just ignored the credit card sounds like at least she'd have less of a gap to cover okay yeah so you told her to get it job she said she was working up until 80 she's 86 she said she was able-bodied with a car and can drive you activated the entire troll network of Reddit I think Dave might be working at 86 doing something hilarious I will be but I don't have to be but um yeah so here's the thing okay the problem is is that she's stuck and yall are fishing around trying to figure out and I would have been too trying to figure out how to help her I mean I mean because there's no good answer in her story there's no like magic bullet we don't we don't we don't sell magic wands here people we have to deal with the math we have to deal with your reality and facts are your friends not feelings and so I don't know about getting an extra job that was kind of funny well that was before she told me about her health problems to be fair I don't care she's 86 but um so yeah sell the house is one option that's a good option and pay off the credit card debt um two is don't pay the credit cards anymore you're 80 6 just don't pay them what are they going to do sue you what are they going to do take a lean on the house they going to sell a house for credit card Deb no so you just default on the stupid things is probably what I would do uh and uh or sell the house move down in house and pay them off one of the two but yeah you you know I can't live with my daughter I have a dog I can't afford I have this I can't afford I have that I can't afford but I won't do anything about any of those she was really not giving you all you know you're you're trying to help her and she really wasn't giving you she's not willing to do anything I no I can't live with my daughter we have personality issues no I can't you know and I don't want to sell my dog I love my dog and I don't want her to sell her dog but also don't want you to not be able to eat so prioritizing your budget when you're in that kind of a situation and say first thing we do is eat Foods first lights and water second uh house payment or house property tax proper taxes anything associated with shelters third Transportation if there is any fourth uh clothing you shouldn't need many clothes in this situation um and then you pay other bills if you're out of money after you eat and pay your lights and water you just don't pay the other bills pay the creditors until you figure out something to do to pay them and that could be selling the house it could be the kids chip in and start working with a credit card company it could be you just let the cards go into default and um now I'll be the cold one and let everybody pile on me too cuz that's what happens around here but um if you're 86 and you're a leukemia recovering patient um statistically you know four years would be a long time to live let and by then they're not going to get around to doing anything if you just quit paying them but cut up the credit cards and stop using them CU continuing to use them with a plan to not pay them and die in debt is uh going to uh would be stealing so you can't you can't do that with Integrity but you could just stop paying them they shouldn't have loaned an 86y old broke person money so that's what they get uh you could just default on it um and you know she dies with it when she dies with it the house will be sold and the credit cards will get paid before any money is distributed to her kid who she has personality issues with after being a single now another option which we forgot to mention on air is having a a housemate someone who lives there maybe a young college student who gives her 500 bucks for rent that would be great that could solve some of these problems at least for her her expensive you thought that later though that was that yeah we we couldn't get to everything that's a better that's better than the extra job I did I agree I agree in the moment you know I just he I've done 30,000 hours of talk radio helping people I mean 30 years of doing this it's more than 30,000 hours I'm sorry it's tens of hundreds of thousands of hours for 30 years I've done this show 5 days a week three hours a day so the number of times I gave out advice that some of you didn't like is like every day some of you don't like the advice so what what you're going to find with the Ramy Bunch George Jade included is that we're here trying while you're sitting at home bitching so we're trying to help and you just over there in the internet and got an opinion so good luck with your opinion cuz we're going to keep trying over here do we get it right every time exactly no but we can laugh about it and go on and chill your butt out and go do something with your life people I heard you in my head saying you know my grandma used to say it was a great place to go when you're broke to work but I was talking about Grandma I heard grandma broke work I put three and three together that's where it came from this is so bad create your free every dooll budget today the simplest way to budget for your life