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34,372 Views ā¢ Mar 8, 2024 ā¢ Click to toggle off description
If youāve ever experienced an unexpected job loss or a medical or family emergency, you know what it feels like to be stretched really thin for money. Today, Iām going to tell you everything I would do in that kind of situation.
Next Steps
ā š„ Watch my The Fastest Way to Become a Millionaire (with Dave Ramsey) video. ā® Ā Ā Ā ā¢Ā TheĀ FastestĀ WayĀ toĀ BecomeĀ aĀ Millionai...Ā Ā
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Views : 34,372
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RYD date created : 2024-05-10T05:47:44.66255Z
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YouTube Comments - 122 Comments
Top Comments of this video!! :3
But what do you do between the no money and the paycheck? How do you eat for those 2 weeks
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Great advice, Litterally lost my job after working there for 2 AND a half years, and had to take. this same advice
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Apply for unemployment compensation should be pretty close to the top of the lists of first thing to do. Not all jobs or situations are covered by unemployment compensationā¦but it is very worth looking into.
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This is such great advice! You donāt assume that people know any of the steps! Brilliant
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Love this over view. Very encouraging
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Lit ep
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Where is the 14-day money finder link? The links u mention are not easy to find as you mention them in your video...if ur team could make those easier to find that'd be very helpful. Love your content girl š¤
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Something I started to do a couple years ago is prepay my mortgage and all my utilities several months in advance. Then, if a negative life event disrupts my income I don't find myself in panic mode. Yes, I know I could be earning interest in a savings account with those funds but with the terrible interest rates banks pay on savings I don't think I am missing out on much. The peace of mind is more important to me. Also, with the stability of our banking system becoming more questionable by the day I like knowing those organizations have my payments ahead in their bank account. I keep paper records of all my balances in case there is a hiccup with their computer systems and I need to prove what my balance was.
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Hi Rachel, my husband passed away is there any part of Ramsey solutions that specializes in widows??, he paid all the bills, all the maintenance on cars, did everything š¢ my heart is heavy with sorrow and to add navigating in our finances at the same time is extremely hard.
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This is such great advice. Love your channel. I love the way you take a complex life situation and break it down into easy steps that anyone can do. Thank you.
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Great advie! It can be hard to think straight if/when this happens. THANKS!
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How did you get so smart?,.
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I was sure the first step you were going to say was prayer
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If you can donate plasma, it's an option for some quick (same day) money. I hate donating plasma, but I did it when we were living really tightly and it helped a lot.
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If I lost everything, the first thing I would do is sell anything of value. Getting a job relies on someone hiring you and you can't control that but you can sell clothing, jewelry, furniture, car, etc...everybody has stuff they can quickly sell online or a yard sale. When my business closed during the pandemic, I started reselling (at age 60) and only earned a few hundred dollars each month. Now 4 years later, it's my full-time business that allows me to set my own schedule, work from home and earn a six-figure income!
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65 now. got out of college in the 80's and worked for 5 years in the corporate world.
yuck. i started cleaning houses and landscaping. over the years i worked 6 days a week and had
2-3 cleaning jobs a day and filled in with landspacaping. never ever work for one ''entity'' or person. i would lose or quit a job, just filled in any holes in my schedule with referrals. had a wife, a paid for house, and owe ''nothing to anyone''. simple life, simple needs. big lesons, diversify and prepare.
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Her advice is good. But because we know she has money (and probably a lot of it), it doesn't always sink in fully. The first thing I thought when I saw the title was think 'she would probably ask some money for her dad'
Kinda horrible to think because it's not because he's a millionaire, that he would just had out money like that. (I hope he would of course because it's his daughter but you kinda never know.)
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Emergency fund ā¼ļø
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If I had a significant amount of money in various places and lost it all!....The very 1st thing I would do is CRY!...that is the 1st thing!š
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@mrssap8603
2 months ago
1. Find income. Take a job anywhere to make money. 2. Find a salary position with benefits even if not dream job. 3. Budget monthly and cut out none essentials. Cut subscriptions and lower grocery bill. Make sure 4 walls are covered - shelter, utilities, transportation and food. 4. Start selling off everything - anything of value; maybe go down to one car, sell fancy appliances, clothes, jewelry 5. Pause investing 6. Contact creditors for grace period and/or lower payments for a season 7. Take it one step at a time and don't lose hope Go, Team! 4. 4.
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