17 Burst results for "Mister Ramsay"

"mister ramsay" Discussed on KXNT NewsRadio 840 AM

KXNT NewsRadio 840 AM

06:45 min | 9 months ago

"mister ramsay" Discussed on KXNT NewsRadio 840 AM

"For real estate on the front page it'll get you there Alex's weathers in Wilmington Delaware Hey Alex how are you don't earn very good Mister Ramsay thank you for taking my call sure what's up I work is a career fireman and it's job that I love I was injured on the job and couple surgeries later in back in in Adams of full duty I'm being retired on disability I'm sorry and thank you so one of the options that they offer with the disability process is what's called a social security adjustment option and so if you take that they give you approximately three hundred and seventy five dollars a month H. so you turn age sixty two and it were a little bit less if you wait until age sixty five and then they reduce the benefit that you're you're receiving by what they calculate out for social security at that point verse is not taking that adjustment option and then from there you would just you know in addition to your disability pension and get us a security on top of it and so done the math it's about four years of difference I I'm thinking if I'm doing the math correctly I got lost there so you you said the rest of the five dollars that's not the total benefit no that's the so they they give you the the benefit and then they give you an additional three hundred all this is three seventy five if you agree to do social security offset when you turn sixty five or sixty two yeah okay got it okay and so you're fifty eight I know I'm forty eight probably forty eight this year okay so it it's gonna it's gonna be a lot longer than four years difference understand so well I mean I try to do the math myself rates overtake the three seventy five minus I think that's a taxable benefit rate for three to seventy five dollars and then you know the offset you know once I turn sixty two aims to pay back for the break even point I think is about four years if I'm doing the math correctly and in terms of you know it's not taking me just meant for taking the judgment I say you're running your social security number what at sixty two and a half I think the the the the also it's about fifteen hundred dollars a month okay so you're saying here you the assumption you're using to do your calculation is that that the drop is gonna you take three seventy five from forty eight to sixty two so fourteen years right right and you in return you lose fifteen hundred for the rest of your life as starting at sixty two right okay you do you do apply for social security then you do get that luxury yeah I don't get that either way okay yep RSS three seventy five a month twelve and fourteen and now I gotta put it in here because I got a look at it I'm just curious is an interesting one I haven't seen this before all right so that's sixty three thousand dollars total that you would receive now an eighteen thousand and so you said you got about three and a half your break even as what you figured out about that yes all right I got that too not counting the present value of money okay now there's a financial theory not the rebirth financial formula that says would you rather have a thousand dollars today or ten thousand dollars twenty five years from now and the answer is you brother have a thousand dollars today because the present value of that ten thousand dollars is less than one thousand dollars today given that you take that one thousand dollars invested a bit more than ten so if you take this three seventy five an invested it's a lot more than sixty three to run the financial formula properly that's what you do okay and so if we took the three seventy five and invested it for fourteen years let's just do it on that I got just a second this is interesting I will put the calculator here okay that's our payment they were starting in the afternoon put a mutual fund under fourteen years and what's the future women want more of a K. dragon three seventy five can be reduced so this problem just off on their right all right on the line and fourteen U. V. V. V. VV they were present value art yeah hundred sixty two thousand what we're dealing with okay entered a fifteen hundred divide that's a hundred and eight months so it's almost ten years break even when you do a present value calculation assuming a stock market rates of return of twelve percent okay which we argue about that it could be less could be more with them just run the formula okay okay so would I do that sixty two in ten seventy two I have a tendency to do this even if the math comes up so what about on the bubble I have a tendency to take my money as quick as I can get it okay because of it once it's in your hands it goes to your ears it's long as it's in this other stuff it dies with you right okay and so I you know like France's social security I'm going take it early and invest it right and that invested money this hundred and hundred and sixty three thousand dollars that the three seventy five becomes if we put it into a mutual fund every month give or take they may might be a hundred fifty thousand maybe two hundred thousand somewhere in that range without goes to your heirs when you die it isn't lost at your death right this stream of income that we're comparing it against dies with you right so if you're not going to buy a truck with the three year is only five dollars if you're going to invest it I'm gonna go ahead and take it okay but that's how that that's the way my brain works you understand what I was doing there no I do I do yeah so I've been I heard you and focus on the family about twenty years ago what kind of solidified in my mind one of the things that I was thinking at the time and I've been completely debt free included including the house for ten years now good for you right shape financially we forty eight and this just keeps you from being a fireman it doesn't keep you mean you're not disable the point you can't do anything so you have an encore career you may go make a hundred grand a year doing something else I that's part of the problem I.

Alex Mister Ramsay Wilmington Delaware
"mister ramsay" Discussed on AM 1590 WCGO

AM 1590 WCGO

06:46 min | 9 months ago

"mister ramsay" Discussed on AM 1590 WCGO

"For real estate on the front page it'll get you there Alex's weathers in Wilmington Delaware Hey Alex how are you don't earn very good Mister Ramsay thank you for taking my call so what's up I work is a career fireman and it's job that I love because I was injured on the job and a couple surgeries later in back in in Adams of full duty I'm being retired on disability shower and thank you so one of the options that they offer with the disability process is what's called a social security adjustment option and so if you take that they give you approximately three hundred and seventy five dollars a month ishe till you turn age sixty two and it were a little bit less if you wait until age sixty five and then they reduce the benefit that you're you're receiving by what they calculate out for social security at that point verse is not taking that adjustment option and then from there you would just you know in addition to your disability pension and get us a security on top of it and so done the math it's about four years of difference I I mean thinking if I'm doing the math correctly I got lost there so you use it the rest of the five dollars that's not the total benefit no that's the so they they give you the the benefit and then they give you an additional three hundred all this is three seventy five if you agree to do so security offset when you turn sixty five or sixty two yeah okay got it okay and so you're fifty eight no I'm forty eight probably forty eight this year okay so it's gonna be a lot longer than four years difference on the stand so well I mean I try to do the math myself rates of protected three seventy five minus I think that's a taxable benefit rate for three or seventy five dollars and you know the offset you know once I turn sixty two aims to pay back for the break even point I think is about four years if I'm doing the math correctly and in terms of you know it's not taking me just meant for taking the judgment so you're running your social security number what it's sixty two in the editing page the the the office about fifteen hundred dollars a month okay so you're saying here you the assumption you're using to do your calculation is that the the drop is gonna you take three seventy five from forty eight to sixty two so fourteen years right right and you in return you lose fifteen hundred for the rest of your life as starting at sixty two right okay you do you do apply for social security they need to get that luxury yeah I don't get that either way okay yep RSS three seventy five a month twelve and fourteen on on I got a particular look at it I'm just curious is an interesting one I haven't seen this before all right so that's sixty three thousand dollars total that you would receive now and eighteen thousand and so you said you got about three and a half your break even as what you figured out about that yes all right I got that too not counting the present value of money okay now there's a financial theory not the rebirth financial formula that says would you rather have a thousand dollars today or ten thousand dollars twenty five years from now and the answer is your brother have a thousand dollars today because the present value of that ten thousand dollars is less than one thousand dollars today given that you take that one thousand dollars invested a bit more than ten so if you take this three seventy five an invested it's a lot more than sixty three to run the financial formula properly that's what you do okay and so if we took the three seventy five and invested it for fourteen years let's just do it I'm going to get just a second this is interesting I will put the calculator here okay that's our payment they were starting with nothing but a mutual fund one to fourteen years and what's the future women or a K. dragon three seven five grand babies so this problem does stuff on there right all right on the line and fourteen U. V. V. V. V. V. they were present value art yeah hundred sixty two thousand what we're dealing with okay entered a fifteen hundred divide that's a hundred and eight months so it's almost ten years breaking even when you do a present value calculation assuming a stock market rates of return of twelve percent okay which we argue about that it could be less could be more with them just run a formula okay okay so would I do that sixty two in ten seventy two I have a tendency to do this even if the math comes up so what about on the bubble I have a tendency to take my money as quick as I can get it okay because it once it's in your hands it goes to your ears as long as it's in this other stuff it dies with you right okay and so I you know like France's social security I'm going to take it early and invest it right in that invested money this hundred and hundred and sixty three thousand dollars that the three seventy five becomes if we put it into a mutual fund every month give or take they may might be a hundred fifty thousand maybe two hundred thousand somewhere in that range well that goes to your heirs when you die it isn't lost at your death right this stream of income that we're comparing it against dies with you right so if you're not going to buy a truck with the three year is only five dollars if you're going to invest it I'm gonna go ahead and take it okay but that's how that's the way my brain works you understand what I was doing there no I do I do yeah so I've been I heard you and focus on the family about twenty years ago what kind of solidified in my mind a lot of the things that I was thinking at the time and I've been completely debt free included including the house for ten years now good to you right shape financially we forty eight and this just keeps you from being a fireman it doesn't keep you mean you're not disable the point you can't do anything so you have an encore career you may go Mike a hundred grand a year doing something else I that's part of the problem I don't know yet on the second.

Alex Mister Ramsay Wilmington Delaware
"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

02:29 min | 10 months ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"I have no idea ten July how can I help thank you thank you Mister Ramsay said taking my call sure my husband and I we started on our desperate journey a couple months ago we've been watching your video YouTube video that is really trying to get in the mall the thing we we don't want to purchase the book on the total money makeover and we've got the point where we try where is Michael struggle we we were scraping to save our are full emergency fund by we we I was put in money and folks to purchase employee stock so we took that out we're able to use that but then as we look at our budget if we actually need that to get back to get out the rear were always in the rear every month we are money going out right if if it exceeds what we're bringing me and there's some things that are well how have you been covering the going into that all negative view been going in we went why shop he when he got a laptop have you been going into debt every month yes we wanted to get everyone in our problem is we're trying to figure out how that I I'm I'm watching videos about the log jam how you got a lot of things that we have not been well it's like we're so excited to get started but we don't know how the income is the company's so what is your household income okay so Amman Amman's our home each month ago this what's your household income a year the two of you both eighty two eighty two thousand dead the you have not counting your house ninety one thousand we don't own a house or renting okay and break that ninety one down for me how much do you owe on your car we okay with because we have two cardinals the war one if we had a accident someone hit us a total dollar car we got a cheaper car after that we all two thousand five hundred on that one and then we're paying the you know we had the gap insurance but it was the only pays it levels which are paying for dog over four thousand dollars on that car so now we go down forty or forty four four okay and to see a ten on the car for ana gap problem from a former cardio have another car note no okay the other cars paid for we have one car we only have one car you're paying off of the gap we.

Mister Ramsay Amman Amman YouTube Michael
"mister ramsay" Discussed on KXNT NewsRadio 840 AM

KXNT NewsRadio 840 AM

02:39 min | 10 months ago

"mister ramsay" Discussed on KXNT NewsRadio 840 AM

"Five two two five starting this our Houston Texas time gala is with us our tank set to ten July tenth I have no idea ten July how can I help thank you thank you Mister Ramsay said taking my call sure my husband and I we started on our desperate journey a couple months ago we've been watching your video YouTube video that is really trying to get in the mall the thing we we even went to purchase the book on the total money makeover and we've gotten to the point where we try which is like a struggle we we were scraping to save our are full emergency farm by we we I was put in money and Phillips to purchase employee stock so we took that out we're able to use that but then as we look at our budget if we actually need that to get back to get out the rear were always in the rear every month we are money going out right if if it exceeds what we're bringing me and there's some things that are well how have you been covering that being only that negative view been going and we went went to softly when he got a laptop have you been going into data every month yes we wanted to get everyone in our problem is we're trying to figure out how that I I'm I'm watching videos about the log jam how you got a lot of things that you have not been to the bell it's like we're so excited to get started but we don't know how the income is the company's so what is your household income okay so a mom of the month I've been home months ago this what's your household income a year the two of you both eighty two eighty two thousand how much debt do you have not counting your house are ninety one thousand we don't own a house or renting okay and break that ninety one down for me how much do you owe on your car we okay with because we have two cardinals the war one if we had a accident someone hit us a total dollar car we got a cheaper car after that we all two thousand five hundred on that one and then we're paying the you know we had the gap insurance but it was the only paid it left us with paying for god only four thousand dollars on that car so now we can change our forty or forty four four okay ecstasy of ten on the car for ana gap problem from a former cardio have another car note no okay the other cars paid for we have one car we only have one car you're paying off the the gap we don't we.

Mister Ramsay Phillips Houston Texas YouTube
"mister ramsay" Discussed on KXNT NewsRadio 840 AM

KXNT NewsRadio 840 AM

03:21 min | 10 months ago

"mister ramsay" Discussed on KXNT NewsRadio 840 AM

"I love it very well done you guys very very well done while is with us in Los Angeles hi Lyle how are you sh I Mister Ramsay such an honor to talk to you for you too how can I help okay so I just finished baby step number one twenty nine years old I've been married for a year with my husband and now we're on babies that number two we have seventy thousand dollars in debt that is forty five thousand dollars as student loans to bachelor's master's and ten thousand ten thousand dollars for his car and then I think two thousand for medical bills center I'm seventy thousand but my car is dying slowly but surely leave me on the side of the road half the time so I am in a pickle where I don't know if I need to stop the baby step number two and stayed for a car or used car or if I could just push through and later on by a car not really sure what to DO what's your household income I forty seven thousand dollars and he makes thirty eight and we live in southern California in a tiny studio apartment uhhuh repair thousand dollars a month in which is unheard of in my area hello no okay very well done alright hi so how many times exactly have you been on the side of the road all this year February probably twice probably three times last year for time in the whole year last year and already twice yeah I got about forty thousand miles left on that car Cory's my very honest mechanic yeah so what is happening to the car that is leaving on the side of the road all the fourteen year old cars my first car I got a one out of the nineteen sixty corvette that does not leave me on the side of the road okay what is happening to the car other than age thus leaving your salary and what's the type of break down you have everything from light to dark to not feel like transmission fluid is leaking from that have to be fixed and the love that you feel the side of the road what broke a few broken down on the side of the road yeah what broke down the left you on the side of the road a tune up doesn't do that leaking trans fluid doesn't do that yeah you know it's just L. desktop they won't they won't want it won't turn on those and then the the batteries and I have to recharge the battery sometimes it's that it's the most random things and I keep taking it back in I don't know if that costing you more money than then a bus pass okay yeah I probably would save a couple thousand dollars and put with this car and buy a different car don't show this car and put a couple thousand dollars with it and.

Los Angeles
"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

03:19 min | 10 months ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"I love it very well done you guys very very well done while is with us in Los Angeles hi Lyle how are you Mister Ramsay such an honor to talk to you well you too how can I help okay so I just finished baby step number one twenty nine years old I've been married for a year with my husband and now we're on baby said number two we have seventy thousand dollars in debt that is forty five thousand dollars as student loans to bachelor's master's and ten thousand ten thousand dollars for his car and then I think two thousand for medical about seventy thousand but my car is dying slowly but surely leave me on the side of the road half the time so I am in a pickle where I don't know I need to stop the baby step number two and stayed for a car or used car or if I could just push through and later on by a car not really sure what to DO what's your household income I forty seven thousand dollars and he makes thirty eight and we live in southern California in a tiny studio apartment repair thousand dollars a month which is unheard of in my area hello no okay very well done right hi so how many times exactly have you been on the side of the road all this year February so probably twice probably three times last year four times in the whole year last year and already twice yeah I got about forty thousand miles left on the car according to my very honest mechanic yeah so what is happening to the car that is leaving on the side of the road all the fourteen year old cars my first car I got it when I have a nineteen sixty corvette that does not leave me on the side of the road okay what is happening to the car other than age this leaving you on this other I'd watch them type of break down you have everything from light to dark do not delay transmission fluid is leaking from that have to be fixed and the love that you feel the side of the road what broke a few broken down on the side of the yeah what broke down the left you on the side of the road a tune up doesn't do that leaking trans fluid doesn't do that yeah you know it's just L. desktop they won't they won't want it won't turn on those and then the the batteries and I have to recharge the batteries sometimes is that it's the most random things and I keep taking it back in I don't know if it costing you more money than then a bus pass okay yeah I probably would save a couple thousand dollars and put with this car and buy a different car shop so this car and put a couple thousand dollars with.

Lyle Mister Ramsay California Los Angeles
"mister ramsay" Discussed on 710 WOR

710 WOR

02:33 min | 10 months ago

"mister ramsay" Discussed on 710 WOR

"Is with us our ten to ten July tenth I have no idea ten July how can I help thank you thank you Mister Ramsay for taking my call sure my husband and I we started on our desperate journey a couple months ago we've been watching your video YouTube video that is really trying to get in the mall the thing we we even went to purchase the book down the total money makeover and we've got the point where we try it like a struggle we we were scraping to save our full emergency fund by we we I was putting money into it to purchase employee stock so we took that out we're able to do that but then as we look at our budget if we actually need that to get back to get out the real we're always in the rear every month we are money going out right if if it XP what we're bringing me and there's something that I will how have you been covering that leaving only that only we've been going in when when when the shops we went along have you been going into debt every month I wanted to get every month and our problem is we're trying to figure out how to watch a video about the log jam how you got a lot of things that we have not been well it's like we're so excited to get started but we don't know how the income is the company's so what is your household income Amman a month are marked okay what's your household income a year the two of you both eighty two okay out that the you have not counting your house ninety one thousand we don't own a house or renting okay and break that ninety one down for me how much do you owe on your car we okay with because we have to be one one if we had a accident someone hit us a total dollar car we got a cheaper car after that we all can thousand five hundred on that one and then we're paying the you know we had the gap insurance but it was the only paid it level of pain for dog over four thousand dollars on that car so now we can change our forty or a war four okay ecstasy of ten on the car for on a gap problem from a former cardio have another car note no okay the other cars paid for we have one car we only have one car.

Mister Ramsay Amman YouTube
"mister ramsay" Discussed on 106.1 FM WTKK

106.1 FM WTKK

03:21 min | 10 months ago

"mister ramsay" Discussed on 106.1 FM WTKK

"I love it very well done you guys very very well done Lila is with us in Los Angeles hi Lyle how are you sh I Mister Ramsay such an honor to talk to you for you too how can I help okay so I just finished reading that number one twenty nine years old I've been married for a year my husband and now we're on baby that number two we have seventy thousand dollars in debt that is forty five thousand dollars as student loans to bachelor's master's and ten thousand ten thousand dollars for car and then I think two thousand for medical bills the down seventy thousand but my car is dying slowly but surely leave me on the side of the road half the time so I am in a pickle where I don't know if I need to stop the baby step number two and they are all used car or if I could just push through and later on by a car not really sure what to DO what's your household income I forty seven thousand dollars and he makes thirty eight and we live in southern California in a tiny studio apartment with a thousand dollars a month which is unheard of in my area hello no okay very well done right hi so how many times exactly have you been on the side of the road all this year February probably twice probably three times last year four times in the whole year last year and already twice yeah I got about forty thousand miles left on that car according to my very honest mechanic yeah so what is happening to the car that is leaving on the side of the road all of fourteen year old cars my first car I got a one out of the nineteen sixty corvette that does not leave me on the side of the road okay what is happening to the car other than age this leaving you also read what's the type of break down you half everything from light to dark do not delay transmission fluid leaking from that have to be fixed and the love that you feel the side of the road what broke a few broken down on the side of the road yeah what broke down the left you on the side of the road a tune up doesn't do that leaking trans fluid doesn't do that yeah you know it's just L. desktop they won't they won't want it won't turn on those on them that the batteries and I have to recharge the batteries sometimes it's that and it's the most random things and I keep taking it back again I just don't know if it costing you more money than then a bus pass okay yeah I probably would save a couple thousand dollars and put with this car and buy a different car don't show this car and put a couple thousand dollars with it and.

Lila Los
"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

03:20 min | 10 months ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"Well done very well done JB on is in Memphis five JB on how are you no wonder Mister Ramsay are you better than I deserve Sir how can I help by other will say I given given graders are going to need a ram if our that is five dollars to get you a Cup of coffee man what's up seven day and I'm still I'm senior high school going to college aerospace engineering and I'm like an uncle to make a decent on money doing that but and I want to invest in real estate and everything and I want to know because the on like that I want to know if I have to work really really hard to say about the like a large lump sum and then start off buying houses out right or should I go what should I do we'll use ways as you said you know I don't borrow money and I don't teach people to borrow money particularly for investments so what I would have you do is you graduate from college is let's walk right through the baby steps to make sure your debt free got everything paid off if you had in the laundry in the at that point and you build your emergency fund and start your retirement and then I would start saving aggressively in cash in just like a little mutual fund of some kind maybe it'll S. and P. five hundred for your real estate fund and save up and pay cash for your first rental and then you can fix it up and you know either flip it and make some money on it and move up in rental with those profits because then you have more cash to do it or you can hold that one and what those cash flows you know help you die by the next one that's what I did the second time around after I went broke doing it wrong with that the first time and so on I just saved up it took forever to get the first one J. beyond and as soon as I got the first one now I got all that rent money with no payments well I hope you build up the money for the next one once you got two of them now you got a lot of rent money but no payments and the third one is easier to buy and the fourth was even easier because every time you do that you got all this money come off these properties and you got no payments I mean these things cash flow like a bandit when you got no payments on SO you compile out money and buy your next one faster faster faster faster faster and then it gets out of control yes wonderful and so you know at some point we you know moved on and and we love houses we've got a lot of rental properties at a residential home single family homes but we start buying commercial properties then too and so we've got office buildings a strip centers and other properties that that we own that we again saved up and paid cash for as we wind but every time you pay cash for one the more expensive it is the more when it throws off well the faster you by the next thing and so it really turns into a ridiculously good scenario it takes longer it's it's it's takes longer in that you start slower but overall it doesn't take as long as here's the other thing I've discovered I grew up in the real estate business there's a lot of these guys out there talking about nothing down real estate and you can go to a some arm pay three thousand dollars for the weekend or not about Rosedale nothing down and I know thousands of people that have invested in real estate personally and another personal situation I don't know a single nothing down guy.

Mister Ramsay Memphis
"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

07:09 min | 11 months ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"Hi Jessica how are you hi Mister Ramsay I'm good how are you doing better than I deserve what's up I'm so excited to be talking to you first time caller six months or so listener my husband and I just started the baby step this January and we are attending at you at our local church Idlewild Baptist church shot up to them great include Florida and so my question is my husband and I have a twenty year age gap I'm twenty five and forty five and we have nothing started in retirement we're still on babies that too was about twenty two thousand left to go but I would like to know how we should start planning retirement lunch that becomes an option for us then when you get to babies to form you're putting fifteen percent of your income into retirement what is his income and what is your income my income is fifty thousand about forty two after taxes and he's not working right now he's not eligible he actually came here with a K. one visa and we got married last year we're both Christian and we we haven't been able to combine our income yet because he's not eligible to work until another month or two of okay what will he be doing and what do you estimate his income will be he's actually gonna go into translation and interpretation who knows seven different languages so we want to get him certified and start doing that so anywhere between fifty to sixty thousand hopefully yearly okay if he were to say fifteen percent of sixty thousand from age forty seven to age sixty five he'll be just fine we have millions of dollars out of my question yeah millions of dollars and so you know as if he were a single person is now we can look at it and so and of course he's going to get to sixty seven twenty years before you to right exactly that's why I was little yeah and by that yeah and by the way you know his income will go up over the next twenty years twenty two years while your income goes up over the next twenty two years hopefully right yeah I'm probably most people have at least basic standard of living increases as a minimum right yes now you start out at six thirty we're renting down if he starts out at sixty and the two of you together beach your view of the total household is putting fifteen percent of your income in not if he were to make substantially less than you our our I would have said let's still put more lets us like five fondle Roth IRA in his name maybe not one in your name fund anything we can find Max out stuff in his name but and minimize the one that's in your name in order to put more of it in his name since he's gonna need it sooner and still have the total be fifteen percent of your total household income a baby step four but we just wait it heavier the actual dollars into his name because that way he can get to them if when he turns fifty nine and a half twenty years before you do but you don't need to do that he's been making plenty of money he's got twenty years twenty two years before we worry about this and he's you you you don't have to worry about even waiting it because of the numbers you gave me so yeah I just when you get a baby step four make sure you're investing fifteen percent of your household income and make sure at least half of it is going into his nine and ours his for his four oh one K. his rough Irish those kinds of things that's what you're looking for there Chris is with us in New Hampshire Hey Chris welcome to the Dave Ramsey show better than I deserve what's up well I got a bit of a conundrum I only made in setting I got myself that free this past September paid off all my credit cards student loan that we back and right now I'm currently selling cars and my employer gives a three hundred dollar amount miracle allowance so long as you have a vehicle known the war room yeah and my my father mechanic the dealer license and wants to have my car doesn't pass inspection can you take me this summer purchase a vehicle at auction for like six seven grand cash and I don't know if I should do that our seven rooms aside so that I can the vehicle off in my employer and let them pay for well they're gonna pay for as long as you work their missions you don't work there anymore you have card debt no I'm not going into debt with the promise of your employer paying a car allowance not a chance pay cash for cars pay cash for your cars the rest of your life if you want to be wealthy I'm just so not I mean I'm twenty five I was very lucky I mean fifty five thousand dollars last year I was I'm happy here's what happens okay inevitably you go buy a car based on the three hundred dollar payment that you're supposed to be receiving from them you take out a loan and something happens that you leave that job six months later now you have a car on take the money that I was gonna go purchased at auction and just pay it off yeah the best laid plans of mice and men now you're you're gonna get yourself in trouble trying to place one foot left foot and just don't do it just stay away from it just if you'll just stay away from that and keep the risk low in your life and keep handling your money well I think you've obviously got a gift for making money and continue to make money and manage the money well and don't try to do something where you're tricking something in the happening now not gonna do that absolutely not I would never take out a car loan and I would never take out a car loan because the company gives you a car allowance it is a trap you are stepping up on the rug and when you do they're going to pull it you're gonna go down the whole down the whole down the hall you do not want to have this experience please just pay cash for your car your dad's on the right track save up pay cash for your car save up and pay cash for your car in those out about cars at the auction and he knows that about cars is a mechanic that's the guy you need to be listening to your dad's the genius in this equation thanks for the call brother appreciate you joining us open phones at triple eight eight two five five two two five Lewis is on Twitter you know if there's any mutual funds made up of companies.

Jessica Mister Ramsay Idlewild
"mister ramsay" Discussed on KTAR 92.3FM

KTAR 92.3FM

03:55 min | 1 year ago

"mister ramsay" Discussed on KTAR 92.3FM

"Hello Mister Ramsay it's an honor to feature a fight honored to have you on the show how can we help I am an Illinois retired teacher of twenty years and I'm living in Florida in here to stay cool I'm not yet collecting my T. R. S. pension because of my age I will be doing that in two thousand and in four and a half years what I recently received a letter from the TRS and it was offering me an accelerated pension benefit program and I wanted to get your advice the two options would be should I hold off the four and a half years and wait and get a pension of approximately two thousand dollars a month for the remainder of my life or should I take them up on their offer which is a one lump sum that I would receive now of approximately one hundred and ninety thousand dollars which is about sixty percent of the value minus twenty percent federal tax and do something such as well in that over to like in Iraq there is no federal tax if you roll into in Iraq excellent in the twenty percent does not apply is the one ninety after the twenty percent withholding or before the one ninety is for the for twenty persons without okay twenty percent will not be withheld if you do a direct transfer roll over into an IRA okay now thanks so the way they should be calculated if the pension has done it properly is one hundred and ninety thousand growing at a seven percent rate will equal enough to produce of seven percent twenty four thousand dollars a year for you after five more years okay okay and that's probably about right actually okay I'll show ten percent will be twenty thousand dollars today on that and it hasn't grown yet four more years so without putting it on the calculator the numbers look like they're about right okay so let's pretend you did this let's pretend you're took the rollover direct transfer no taxes into good mutual funds into an IRA how old are you I am fifty five and a half and you let it sit for more years are five more years rather okay your site same amount of time okay and it grows at mutual funds rates rather than a pension fund rage you follow me I do and then it pays you without touching the principal only what it produces it will be larger and it will produce more than two thousand dollars a month unless we have an unusually bad five years in mutual funds okay they would have to do about half of what they've been doing for you to not come out ahead monthly if you never touched the principal follow me I do so in other words if you put in good mutual funds and they made ten to twelve percent for the next five years and then they paid you ten to twelve percent off of that amount per year that would be more than two thousand dollars a month that's what I'm describing because the current calculations based on seven percent by the way it's not the mutual funds are pension funds are evil they're highly regulated and they're not allowed to help pay out much more than that it's probably there six and a half or seven percent was calculated on by federal regulation all right and but so it's just that's just what has to be and so you make more while you're alive plus if you die not if you don when you die we're all gonna die when you die this two hundred thousand dollars or two hundred fifty thousand dollar nest egg dies with you if it's on a.

"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:36 min | 1 year ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"You. hi Mister Ramsay thank you so much Mubarak mobile. this year and do you want me to help people I think you're not sure how can I help. well I was I was wanting to get your advice on how can I clearly but lovingly encourage my mom to get out of debt. how old are you I am twenty years old and I know I know you're willing to listen to you for a long time about the dirty diaper rule that once somebody's changer diapers they don't want to have your advice on money or closely okay. well at so I know I'm kind of fighting an uphill battle here and I know that I alone can't convince her to try to get out of debt but I was just wondering what helping her what really helping her would look like. what do you what is your financial situation. all I am and I AM close to being done with baby step three I am a junior in college and a little background my parents have been so so gracious to me including financially and they prepay for my college tuition and right now I'm here. on scholarships and grants that are paying for my living expenses well god has blessed me financially and I can be more grateful it's wonderful. okay arm. well you're probably not going to have a lot of credibility with her for you to instruct her yes Sir it would be highly unusual.

Mister Ramsay Mubarak twenty years
"mister ramsay" Discussed on KOA 850 AM

KOA 850 AM

07:19 min | 1 year ago

"mister ramsay" Discussed on KOA 850 AM

"Our scripture the regulations. grow weary in doing good for a new season we will reap a harvest if we do not give up. Maya Angelo said that you may encounter many defeats but you must not be defeated. in fact it may be necessary to encounter the defeats so you can know who you are. what you can rise from. and how you can still come out of it. John is with us in York Pennsylvania Hey John welcome to the Dave Ramsey show. I do Hey what's up. I have a question about my car policy with work my car allowance rather my car is a specific color I get a hire car allowance call want to sell my yeah the color of my car. company company called. must be the company color. it it is one of the company colors yes but it's not like some random colors the colors actually white my cars currently like a metallic black and I know I wouldn't do for awhile now and I heard you say you don't put money into things that go down in value. so what I've been considering doing is wrapping my vehicle with like a vinyl and that would increase my car loans each month. it would take me roughly ten months. that additional hours to make back what it cost me to wrap the vehicle okay so so how much is your car allowance knowing how much does it go up if it's white. it's about three fifty a month now and because of about three hundred dollars actually white yes six fifty versus three fifty. what is their motivation for that. but not quite sure but I got a notice the company. well I can't say over the radio okay. I would so it's a major national company. no it's actually not it's it's it's hidden within Baltimore Maryland but analysts at the cable company okay so far that's just that's wild all right okay so what your car worth. my car well so I said that's a loaded question but I'll give you a quick story is that I purchased the car and didn't realize that it was a buy back so when I went to trade in in a while ago I couldn't get what was one of the work so the dealer one to give me like twenty not even twenty thousand dollars really were closer to thirty two thousand. so I don't want to sell it and only get different car. you wanna wrap up. in a call selecting a Chrysler three grand rapids. information have the my wife and I have the cash to do it if we need to have any debt wouldn't be how does this car yet I still owe twenty twenty thousand dollars on this car. and do you drive a lot for work I do I drive I drive about an hour every day. two hours total while. but that's not that's a commute. well okay but I'm not sure but you're not like on the road for work not not a whole lot just a little bit. okay. what's your household income. were about one. five. okay I mean I'm a young it makes sense you get your money back in ten months as a break even if you get fired inside ten months you lose money also on this but it sounds like you feel like the jobs pretty stable. and so if you do and you don't mind driving a car that is wrapped and course you can on rapid and clean it easily when you get ready to sell it on it and I'm told the wrap last roughly seven years so it looks like your any other regular paint the car apparently. yes it's done right it can it can it it's so it's almost like a scant kana protects the pain actually white that's why. I'm sorry I know I try to be a great question for you it's it's different that's for sure so yeah I believe I would do that pay cash for it certainly we're not going to be there with that and then take your wonderful income get the stupid car paid off as soon as possible if you're going to drive it does your obviously put a lot of miles on it just with your commute if nothing else but yeah sure there wounded over there on the double your current once almost that's amazing all right Ramsey is with us and Maryland high Ramsey how are you. Hey Mister Ramsay thanks for taking my call how can I help. well first I want to let you know you know you're really inspirational to me and kind of trying to get my friends involved listening to you and. plan our young adult lives the right way so thank you for for what you're doing for everybody thank you Sir how can I help today. so my girlfriend and I are currently renting and. same to you in getting inspired we decided to move home for about a year or two to do some really hardcore saving our goal is in the next three years to get a rain get a wedding and you know get a house how old are you so my question to you is we currently that was all we have is our vehicles twenty thousand dollars each on each vehicle and we want to go and we want to maximize your savings and I'm trying to convince us to maybe get rid of the vehicles although I love my car very much and so to see what is your opinion on it getting rid of those to maximize saving for the next. how old are you. I'm twenty six and she's twenty five okay and what your what do you make a year. I'm at ninety that's what she may. she's currently making forty thousand although she's in school for nursing and will graduate in the next two years and hopefully make another ninety thousand. what would be wrong with just getting married. well we've been together coming up on two years and I really want to hit that two year mark and you know. okay we have that under our belts before committing and also I'd like to save up enough money to pay for the cash and what is the the wedding in cash which would take about a year ninety thousand dollars. and she makes forty thousand dollars. but listen you do whatever you want to do certainly cool and I appreciate your being a listener the way I answer questions on the show is what would I do if I was twenty six years old and I was in your shoes I would so both cars and I would get married tomorrow. okay well she will better answer and I appreciate that and then it's useful to celebrate six months from now with a huge celebration that looks like a wedding after you went to the justice of the peace it rather preacher whatever chi on the cheap right now and you save up a bunch of money and are you're married yeah I mean after two years did you know. you just got a letter thank you one other thing swimming around in your head sol then you got to decide.

Dave Ramsey Maryland Maya Angelo Baltimore Mister Ramsay John Chrysler York Pennsylvania ten months two years twenty thousand dollars twenty twenty thousand dollars ninety thousand dollars forty thousand dollars three hundred dollars twenty six years seven years three years six months
"mister ramsay" Discussed on 710 WOR

710 WOR

07:22 min | 1 year ago

"mister ramsay" Discussed on 710 WOR

"Our scripture the regulations. grow weary in doing good for a third season we will reap a harvest if we do not give up. Maya Angelo said that you may encounter many defeats but you must not be defeated. in fact it may be necessary to encounter the defeats so you can know who you are. what you can rise from. and how you can still come out of it. John is with us in York Pennsylvania Hey John welcome to the Dave Ramsey show. hi Dave Hey what's up. I have a question about my car policy with work my car allowance rather my car is a specific color I get a hire car allowance call want to sell my yeah the color of my car. company company called. must be the company color. it it's it's one of the company colors yes but it's not like some random colors the colors actually white my cars currently like metallic black and I know I wouldn't do for a little while now and I've heard you say you don't put money into things that go down in value so what I've been considering doing is wrapping my vehicle with like a vinyl and that would increase my car loans each month. it would take me roughly ten months. that additional hours to make back what it cost me to the vehicle okay so so how much is your car allowance knowing how much does it go up if it's white. it's about three fifty a month now and because of about three hundred dollars actually white yes six fifty versus three fifty correct. what is their motivation for that. been not quite sure but I got a notice the company. I can't say over the radio okay all right I would this was a major national company. no it's actually not it's it's it's in it's in Baltimore Maryland hi Alex with the cable company okay so far that's just that's wild all right okay so what your car worth. Michael are well so I said that's a loaded question but I'll give you a quick story is that I purchased the car and didn't realize that it was a buy back so when I went to trade in awhile ago I couldn't get what was one of the war so the dealer one to give me like twenty not even twenty thousand dollars really worth closer to thirty two thousand. so I don't want to sell it and only get different car. you wanna wrap up. in a call selecting a Chrysler three grand rapids. and for me to have the my wife and I have the cash to do it if we need to have any debt wouldn't be. the justice car yet I still owe twenty twenty thousand dollars on the car. and do you drive a lot for work I do I drive I drive about an hour every day. two hours total while. but that's not that's a commute. correct well okay but I'm not sure but you're not like on the road for work. I'm not a whole lot just a little bit. okay. what's your household income. were about one. five. okay I mean I'm a young it makes sense you get your money back in ten months as a break even if you get fired inside ten months you lose money on this on this but it sounds like you feel like the jobs pretty stable. and so if you do and you don't mind driving a car that is wrapped and course you can on rapid and clean it easily when you get results. and I'm told the wrap last roughly seven years so it looks like your any other regular painted car apparently. yes it's done right it can it can it it's so it's almost like a scant kana protects the pain actually why that's why. our I know I've got to be a great question for you it's it's different that's for sure so yeah I believe I would do that pay cash for it certainly we're not going to be there but there and then take your wonderful income get the stupid car paid off as soon as possible if you're going to drive it because you're obviously put a lot of miles on it just with your commute if nothing else but yeah sure there wounded over there on the double your current once almost that's amazing all right Ramsey is with us and Maryland high Ramsey how are you. Hey Mister Ramsay thanks for taking my call how can I help. well first I just want to let you know you know you're really inspirational to me and kind of trying to get my friends involved in listening to you and. plan our young adult lives the right way so thank you for for what you're doing for everybody thank you Sir how can I help today. so my girlfriend and I are currently renting and. seeing you in getting inspired we decided to move home for about a year or two to do some really hardcore saving our goal is in the next three years to get a rain get a wedding and you know get a house how old are you so my question to you is we currently that was all we have is our vehicles twenty thousand dollars each on each vehicle and we want to go and we want to maximize your savings and I'm trying to convince us to maybe get rid of the vehicles although I love my car very much and so to see what is your opinion on it getting rid of those to maximize saving for the next two. how old are you. I'm twenty six and she's twenty five okay and what your what do you make a year. I'm AT ninety that what she may. she's currently making forty thousand although she's in school for nursing and will graduate in the next two years and hopefully make another ninety thousand. what would be wrong with just getting married. well we've been together coming up on two years and I really want to hit that two year mark and you know. okay we have that under our belts before committing and also I'd like to save up enough money to pay for the cash and whether the the wedding in cash which would take about a year later ninety thousand dollars. and she makes forty thousand dollars. but listen you do whatever you want to do this certainly cool and I appreciate your being Alicia the way I answer questions on the show is what would I do if I was twenty six years old and I was in your shoes I would so both cars and I would get married tomorrow. okay well she loved that answer and I appreciate that and then it's useful to celebrate six months from now with a huge celebration that looks like a wedding after you went to the justice of the peace or the preacher whatever chi on the cheap right now and you save up a bunch of money and you're married yeah I mean after two years did you know. you just tell us what you know the other thing swimming around in your head sol then you got to decide if this is the girl that.

Dave Ramsey Maryland Maya Angelo Baltimore Mister Ramsay Alicia John Chrysler Michael York Pennsylvania Alex ten months two years twenty thousand dollars twenty twenty thousand dollars ninety thousand dollars forty thousand dollars three hundred dollars twenty six years
"mister ramsay" Discussed on KTAR 92.3FM

KTAR 92.3FM

07:29 min | 1 year ago

"mister ramsay" Discussed on KTAR 92.3FM

"Six nine let us not grow weary in doing good for a new season we will reap a harvest if we do not give up. Maya Angelo said that you may encounter many defeats but you must not be defeated. in fact it may be necessary to encounter the defeats so you can know who you are. what you can rise from. and how you can still come out of it. John is with us in York Pennsylvania Hey John welcome to the Dave Ramsey show. hi Dave Hey what's up. I have a question about my car policy with work my car allowance rather but my car is a specific color I get a hire car allowance call want to sell mine yes the color of my car. company company called. must be the company color. it it's it's one of the many colors yes but it's not like some random colors the colors actually white my cars currently like a metallic black and I know I wouldn't do for a little while now and I heard you say you don't put money into things that go down in value so what I've been considering doing is wrapping my vehicle with like a vinyl and that would increase my car allowance each month. it would take me roughly ten months. that additional hours to make back what it cost me to the vehicle okay so so how much is your car allowance knowing how much does it go up if it's white. it's about three fifty a month now and because of about three hundred dollars actually white. yes six fifty versus three fifty correct. what is their motivation for that. not quite sure but I got to know the company. well I can't say over the radio okay all right I would so it's a major national company. no it's actually not it's it's it's in it's in Baltimore Maryland but you know it's a through the cable company okay so far that's just that's wild all right okay so what your car worth. my core well so I said that's a loaded question but I'll give you a quick story is that I purchased the car and didn't realize that it was a buy back so when I went to trade in awhile ago I couldn't get what was one of the work so the dealer one to give me like twenty not even twenty thousand dollars really were closer to thirty two thousand. so I don't want to sell it and only get different car. you wanna rap about. any calls likely a Chrysler three grand rapids. and have the my wife and I have the cash to do it if we need to do you have any dental wouldn't be. just this car yet I still owe twenty twenty thousand dollars on this car. in our do you draw a lot for work I do I drive I drive out of our every day. two hours total while. but that's not that's a commute. correct well okay but I'm not sure but you're not like on the road for work not not a whole lot just a little bit. okay. what's your household income. were about one. five. okay I mean I'm a young it makes sense you get your money back in ten months it's a break even if you get fired inside ten months you lose money on so on this but it sounds like you feel like the jobs pretty stable. and so if you do and you don't mind driving a car that is wrapped and course you can on rapid and clean it easily when you get ready to start on it and I'm told the wrap last roughly seven years so it you know it looks like your any other regular the card. yes it's done right it can it can it it's so it's almost like a scant kind of protects the pain actually. right that's one. I'm sorry I know I've got to be a great question for you it's it's different that's for sure so yeah I believe I would do that pay cash for it certainly we're not gonna do anything with that and then take your wonderful income get the stupid car paid off as soon as possible if you're going to drive it because you're obviously put a lot of miles on it just with your commute if nothing else but yeah sure there wounded over the room to double your Carlin once almost that's amazing all right Ramsey is with us and Maryland high Ramsey how are you. Hey Mister Ramsay thanks for taking my call sure I can help. well first I just want to let you know you know you're really inspirational to me and kind of trying to get my friends involved listening to you and. plan our young adult lives the right way so thank you for for what you're doing for everybody thank you Sir how can I help today. so my girlfriend and I are currently renting and. same to you in getting inspired we decided to move home for about a year or two to do some really hardcore saving our goal is in the next three years to get a rain get a wedding and you know get a house how old are you so my question to you is we currently that was all we have is our vehicles twenty thousand dollars each on each vehicle and we want to go and we want to maximize your savings and I'm trying to convince us to maybe get rid of the vehicles although I love my car very much and so does she what is your opinion on it getting rid of those to maximize saving for the next two weeks. how old are you. one twenty six and she's twenty five okay and what your what do you make a year. I'm AT ninety that what she may. she's currently making forty thousand although she's in school for nursing and will graduate in the next two years and hopefully make another ninety thousand. what would be wrong with just getting married. well we've been together coming up on two years and I really want to hit that two year mark and you know. okay we have that under our belts before committing and also I'd like to save up enough money to pay for the cash and what is the the wedding in cash which would take about a year later ninety thousand dollars. and she makes forty thousand dollars. but listen you do whatever you want to do certainly cool and I appreciate your being a listener the way I answer questions on the show is what would I do if I was twenty six years old and I was in your shoes I would so both cars and I would get married tomorrow. okay well she loved that answer and I appreciate that and then if you want to celebrate six months from now with a huge celebration that looks like a wedding after you went to the justice of the peace or the preacher whatever she on the cheap right now and you save up a bunch of money and are you're married yeah I mean after two years did you know. you just got one the only other thing swimming around in your head sol then you got to decide if this is the girl that you're willing to move back home for your willing to sell the car for and you're willing to save money and all this other stuff then this is the girl you know get married it's time to.

Dave Ramsey Maya Angelo Mister Ramsay Maryland John Carlin York Pennsylvania ten months two years twenty thousand dollars twenty twenty thousand dollars ninety thousand dollars forty thousand dollars three hundred dollars twenty six years seven years three years six months two hours two weeks
"mister ramsay" Discussed on 760 KFMB Radio

760 KFMB Radio

02:28 min | 1 year ago

"mister ramsay" Discussed on 760 KFMB Radio

"Five oh dash two four two again for me with what if it happened in a drama for the wireless would be described as an incredible coincidence the letter had been passed to my desk it had been addressed to criminal investigation department new Scotland Yard a letter from a man named Crittenden living at Aston Clinton in Buckinghamshire we'll see ID receives dozens of letters of its type daily and as are generally a tiresome duty to read them all last I was glancing over it the visitor was announced before he sat down here lady three days old copy of the morning telegraph on my desk your inspector okayed yes my name's rams inom rams informally of black who now resident in shepherd's bush yes I've been carrying this paper around for three days and why this article has a this one here hi good tragedy bribed drums and bass that's the one what about it Mister Ramsay not come here because I was a witness to a very similar case two years ago well Sir and like what I've only lived a bride drowned in about just two days after the wedding what is the name I see well Mister Randy are to be commended for bringing this to our attention that was husbands name I assume stand up and was his name what happened and you remember I don't know he went away the days wife spirit in rather a hurry I thought are you making accusations Ramsey I must admit I didn't like the fellow now you're making an accusation I am telling you what I know about an extraordinary coincidences excuse me did you know the wife's maiden name of I believe it was Crittenden Crittenden that's right essential Alicia Crittenden you've heard of a case do you remember how the late Mrs tan and brown the former Alicia Crittenden was better it's a I most certainly do the most shocking thing I'd ever heard of she was buried in a common grave three of the deceased persons in the jeep as part of the graveyard how do you know because I have a letter here in this morning's post from her father relating the same facts you just told me and considerably more besides you speak of a coincidence runs a pointless and mazing it's more than that so I'm afraid I still have to ask you a few more questions.

Aston Clinton Buckinghamshire shepherd bush Mister Ramsay Mister Randy Ramsey Crittenden Crittenden Mrs tan Scotland Yard three days two years two days
"mister ramsay" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

03:05 min | 1 year ago

"mister ramsay" Discussed on NewsRadio 1080 KRLD

"Maryland hi OB how are you hi Mister Ramsay except blessing having you in our lives well thank you Sir my wife and I are trying to decide between doing a basement property trying to portion out of space for rental and we're trying to decide between that and paying off our debts I have a thirty one thousand in student loan debts and she has about thirty in the actually twenty and credit cards object if was trying to get into a positive cash flow Charlie you know to get the space generating income as much as possible it'll make us more close to saving and being and then financially independent gotcha okay so what's your household income hundred and sixty thousand soon to increase once I'm done with why my search okay and so when will that be and how much will be the increase get into situations so have it by early next year doing CCNP which is yeah quite difficult when separate that out then it might go up the next hurdle forty eight thirty okay so in January you're making two hundred thousand give or take right and your sixty thousand dollars in debt yes so you should be a reply all through that dat in a year pretty easy right yes okay so a year from now approximately with one sixty going up to two hundred after the first of the year not counting the basement you would be debt free show that's kind of that's definitely a track we're going to be on not what you talk about spending to get the basement ready to rent home about forty thousand I have a very good connection and that's one option to take advantage of it for you you're welcome do you have any do you have any money saved this is saying yes we do and his service about enough to get to the the deaths down so we maybe just twenty okay she have about forty thousand saved yes okay all right so if you put the forty thousand on the day that you would be debt free by the end of the year and then you would save up into the basement with cash after you have your emergency fund in place of three to six months of expenses that's what I would do if I woke up in your shoes I understand you may lose this connection this person who's needing the wanting to do the job reasonably right now.

Mister Ramsay Charlie Maryland sixty thousand dollars six months