Beyond stupid advice. Do not take this man seriously.
Caller: “My wife and I are both physicians in our 30s. We’re about $700,000 in debt, finishing fellowship, and about to start jobs that will pay roughly $900,000 a year combined.”
“We’ve spent 14 years training. After a year of saving and paying down loans, are we finally allowed to start living our life and buy a house?”
Dave Ramsey: “When do you start the new jobs?”
Caller: “Next month.”
Dave Ramsey: “So you’re about to make almost a million dollars a year.”
“You know how to delay pleasure. You’ve spent your entire life working and sacrificing for a future payoff.”
“I’m asking you to use that muscle one more time.”
“Live like you’re still in fellowship for one more year.”
“Clear the $700,000 debt before you buy the house, before you buy the cars, before you start celebrating.”
“You can make a million dollars a year with no payments and no debt. Finish cleaning up the mess, then go enjoy the life you worked for.”