The Ramsey Show (March 30, 2023)
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On March 30, 2023, The Ramsey Show premiered in front of a live studio audience. Hosted by renowned financial expert, Dave Ramsey, the show aimed to provide advice on personal finance, investing, credit, and debt.
The show opened with an introduction by Ramsey himself, who spoke about his own journey to financial freedom and how he wanted to help others achieve the same. He emphasized the importance of taking control of one’s finances and using money as a tool to achieve one’s goals and dreams.
Throughout the show, Ramsey tackled a range of financial topics, from how to save for retirement, to the best ways to pay off debt. He offered practical advice and strategies for managing money, including creating a budget, saving aggressively, and investing wisely. His advice was straightforward and easy to understand, making it accessible to people of all financial backgrounds.
One of the highlights of the show was a segment where Ramsey answered questions from audience members about their personal financial situations. He provided individualized advice and feedback, offering tailored solutions based on each person’s unique circumstances. This segment was especially popular with viewers, who appreciated the opportunity to learn from Ramsey’s expertise and apply it to their own lives.
The Ramsey Show also featured guest appearances from other financial experts, who provided additional insights and perspectives on various financial topics. These guests included economists, financial planners, and investment advisors, who shared their own experiences and knowledge with the audience.
Overall, The Ramsey Show was a resounding success, with viewers praising its practical advice and engaging format. The show provided a valuable resource for anyone seeking to improve their financial situation, and helped to demystify the often-complex world of personal finance. With its emphasis on empowerment and education, The Ramsey Show has cemented its place as one of the premiere financial advice shows on television.
Sorry Rachel but you are wrong on this one but still awesome. As a practicing real property appraiser, I can assure you that in many markets solar panels that are "OWNED" will increase the value of a property. (fannie mae, fha have their own set of guidelines on this) It can vary greatly depending on the market & the type of system and we quantify all of this through a cost and income approach that we input into software to help derive a credible number. If you know how to install the system your cost which dramatically decrease as the labor is a huge chunk of the price. I do know in some cases where people are actually getting paid for connecting their solar system into the power grid.
You can go after a career you feel like you should being doing and not be able to do it and that sucks the life out of your soul as well.
Caller: I'm 101 years old and retired.
Ken: retirement is overrated. Get back to work
I don't know which utility company Sterling has. Here is South Carolina we have Dominion and Duke and my rate has not gone up. If his bill is 200 bucks a month and he is going to stay in his house 5 more years and have a reputable company do it and he pays quite a bit of income tax, then it's worth as long as he takes the Fed and State credits and apply toward the loan. Next year I will sell this house and build on 5 acres with solar. Cheaper when you are building.
Great show with Rachel and Ken! Always make me laugh, love it! God bless.
Great show with Rachel and Ken! Always make me laugh, love it! God bless.
Great show with Rachel and Ken! Always make me laugh, love it! God bless.
I like this duo.
Love the maturity these two bring!!
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
Ted Colman is tha man, and Rachel is so adorable ❤
A Federal Student Loan that has a co-signer?? Nah, not that I know of. Because Federal Student Aid through the FAFSA is NOT credit based. No checking of credit or anything like that (Parent PLUS Loan is a credit check but in this caller's situation, ex-bf isn't a parent of the gal, obviously). Now, a PRIVATE student loan with a co-signer, I can see that being correct since it is based off of credit…. hmmm…I think this caller and her bf need to get a better understand of what kind of loan this really is…. either way, this is a bummer situation. Ugh.
You complement each itger
Btw, you two make a great show-host team
I bought into the solar panels hype and it is not really a savings. I feel I ended up paying the same if not more each month to pay my local utility company & the Solar company. Trying to sell the house and for more than a year I don’t live there but the charges continue. Be careful.
For the solar panel guy. It's not worth it. I don't know how much he uses in electricity a month, but $20k in solar panels likely won't produce enough to offset what he uses. Take it from my stupidest financial decision I ever made. I bought solar panels back last Summer thinking the same thing. I was told all the benefits, but none of the drawbacks. I was hesitant because I was going to take on debt, but I believed if it offset all my electric cost my electric payment would be a nice $177 a month for the next 20 years. That sounded better than the two $400 a month bills I had last Summer. The problem with that logic is that it doesn't offset all your electric usage. I paid $49,000 for my solar panels installed with a new breaker box (It was required in order to get the solar working).
The solar finally went live after a lot of waiting in September 2022, just in time for Fall and less sun. My first month I paid $41 to my electric company. The second month I paid $32. The third, $77. In December we had a week long freeze that froze over my panels and left the days overcast. No production for an entire week and I had to run the heater (which is electric) at a higher temp during that time of no production to ensure my pipes would freeze and burst which would be a larger disaster than paying a higher electric bill. As a result my electric bill for December was $208.
My most recent bill is finally lower again ($36) now that we are past the winter months and freezing temps so there's more sun out. The problem is there's now Spring time thunderstorms. So we get one or multiple days a week of overcast or dark skies with lower production.
Another factor in solar is that you have to get a solar specific plan that does buyback. The problem with every one of these plans is that the cost to pull from the grid is a higher kWh than you would pay if you get a normal electric plan. I was paying 9 cents kWh on a normal plan and my solar plan is something like 17 cents. If you pick the right one you at least end up with 1:1 buyback, so when you do produce more than you use in the daytime, you can use that electricity at no cost during the evening or when there's no production. The especially bad part about where I live in Texas is that the grid is managed by Oncor. Oncor charges a service fee. Everything pulled out of the grid whether it was on buyback credit or not gets charged a fee. Before I was on solar my Oncor charge would be 50% or more of whatever my charge was for the kWh charge. For instance, on my bill last summer that was $403. My kWh calculated cost was $228, on Oncor charge was $178, then other taxes and fees, but hey, I used over 1000kWh so I got a $20 credit on that bill. I still get those Oncor charges on my bills. They are smaller because my bill is smaller, but it still brings the cost over whatever credits I built up for that month.
On top of that, it's debt. You can't sell the solar panels once they are stuck to your roof so you are kinda trapped with them. Even if you take them down you now need roof repairs to make it normal again, but no use in doing that as you'd still have the debt. If you decide to sell the house without the panels paid off I know people have had a harder time selling their house because of it and it's not as easy as they make it seem to transfer the debt. Most people are just not gong to want to take it on anyway. The house is not worth more with the panels. The solar panels also do not last forever. They do generally have a very long warranty period, but they'd probably need replacement not long after that warranty period is up. So it's not a forever solution. Then you have to either buy new panels again or just take them down and fix your roof and live with higher electric payments again.
The tax credit also doesn't work as you'd expect. You don't get that full 30% credit all at once. You get it back over a few years. This tax year I got a bit over $5k back (which all went directly into my loan along with most of my savings when I started really paying it down). Ultimately I'll be getting $14k back, but it will happen over the next 3 years probably.
As a result of my blunder, I am now spending all my free time working 3 different side hustles doing Uber Eats and Door Dash simultaneously, Car Detailing anytime I can book one on the weekends, and computer reselling whenever I can fit it in. I will be doing this for the next year or more assuming I can get an extra $2800 a month towards my debt minimum. If I can't, it will be longer than a year. I don't feel like I saved anything. I did this to avoid a few larger electric bills in the Summer even though my Winter bills were actually fairly low prior to solar. I guess if you want to feel like you're helping the environment and have the thousands of dollars in cash burning a hole in your pocket, go for it. Otherwise I don't feel like it was a wise purchase. Maybe it will feel better when I hit the Summer months and get higher production out of them for a lower bill, but even then I'll be using the AC more so it may even out.
Why did you assume the single mom who called in was in a prior relationship with a "dead beat dad"? Maybe she is a widow, she adopted the child on her own, or some other situation. There are plenty of great dads out there. Please don't assume and judge. There are two sides to every story, and then there's The Truth.
I’m from Missouri and I need more details on where Layla wants to buy. We have some fantastic places and some not so fantastic places!
Far too many ads! Why so many?
Great entertainment while learning financial tools . Thanks guys!
Wow so many ads!!!! But I dealt with it because I love the show. ⭐⭐⭐⭐⭐
Get your own solar panels and hook up directly to house so you are self sufficient. Otherwise, if power goes down, you don't have power.
I like Ken’s facial reaction on the solar panels. Last summer another caller tried the same thing and he shot him down.
Haven’t usually been a fan, but Ken won me over today LOL I think Rachel brings out his best