Dave Ramsey (by Hoosier [IN]) Jul 18, 2018 3:27 PM|
Dave Ramsey (by Jen Z. [CT]) Jul 18, 2018 4:04 PM
Dave Ramsey (by Ken [NY]) Jul 18, 2018 4:23 PM
Dave Ramsey (by Jim in O C [CA]) Jul 18, 2018 4:25 PM
Dave Ramsey (by Paulio [PA]) Jul 18, 2018 4:28 PM
Dave Ramsey (by Hoosier [IN]) Jul 18, 2018 4:51 PM
Dave Ramsey (by Paulio [PA]) Jul 18, 2018 4:57 PM
Dave Ramsey (by Hoosier [IN]) Jul 18, 2018 4:59 PM
Dave Ramsey (by Frank [NJ]) Jul 18, 2018 5:10 PM
Dave Ramsey (by Gene [OH]) Jul 18, 2018 5:17 PM
Dave Ramsey (by Hoosier [IN]) Jul 18, 2018 5:41 PM
Dave Ramsey (by Ken [NY]) Jul 18, 2018 6:04 PM
Dave Ramsey (by don [PA]) Jul 18, 2018 6:15 PM
Dave Ramsey (by AllyM [NJ]) Jul 18, 2018 6:17 PM
Dave Ramsey (by Jen Z. [CT]) Jul 18, 2018 6:25 PM
Dave Ramsey (by #22 [MO]) Jul 18, 2018 6:27 PM
Dave Ramsey (by NE [PA]) Jul 18, 2018 6:28 PM
Dave Ramsey (by Deanna [TX]) Jul 18, 2018 8:08 PM
Dave Ramsey (by Hoosier [IN]) Jul 18, 2018 8:31 PM
Dave Ramsey (by MikeA [TX]) Jul 18, 2018 8:44 PM
Dave Ramsey (by BRAD 20,000 [IN]) Jul 18, 2018 9:13 PM
Dave Ramsey (by Newish gal [OR]) Jul 19, 2018 12:48 AM
Dave Ramsey (by Richard [MI]) Jul 19, 2018 4:45 AM
Dave Ramsey (by Steve [TN]) Jul 19, 2018 4:47 AM
Dave Ramsey (by S i d [MO]) Jul 19, 2018 5:17 AM
Dave Ramsey (by WMH [NC]) Jul 19, 2018 5:28 AM
Dave Ramsey (by Doogie [KS]) Jul 19, 2018 5:36 AM
Dave Ramsey (by plenty [MO]) Jul 19, 2018 7:07 AM
Dave Ramsey (by S i d [MO]) Jul 19, 2018 7:49 AM
Dave Ramsey (by J [FL]) Jul 19, 2018 11:50 AM
Dave Ramsey (by mike [CA]) Jul 19, 2018 2:22 PM
Dave Ramsey (by Nicole [PA]) Jul 19, 2018 2:24 PM
Dave Ramsey (by J [FL]) Jul 19, 2018 2:36 PM
Dave Ramsey (by GKARL [PA]) Jul 19, 2018 5:19 PM
Dave Ramsey (by Landlord ofthe Flies [TX]) Jul 20, 2018 11:42 AM
Dave Ramsey (by Hoosier [IN]) Jul 20, 2018 12:43 PM
Dave Ramsey (by J [FL]) Jul 20, 2018 3:20 PM
Dave Ramsey (by S i d [MO]) Jul 23, 2018 5:16 AM
Dave Ramsey (by bet [MA]) Jul 23, 2018 8:12 AM
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 18, 2018 3:27 PM
I'm a believer in the Dave Ramsey approach to budgeting and living within your means.
For the past two years, we have offered every tenant the following:
"If you take the Dave Ramsey class Financial Peace University and provide proper documentation of completion, we will reduce your rent by $20/month for the remainder of your first year's lease. Essentially we will be paying for the class for you and then some."
Sadly, not a single tenant has taken us up on this offer...so I'm wondering whether I need to sweeten the pot a bit...or perhaps the tenants think they don't need any budgeting help.
My thinking is that if they can become financially disciplined in their budgeting, they will pay on time and be less likely to require eviction.
We have "B" properties with rents ranging from about $780/mo to about $1,100/mo. About half of those who rent from us are professionals...nurses, accountants, engineers, store managers, etc.
Dave Ramsey (by Jen Z. [CT]) Posted on: Jul 18, 2018 4:04 PM
I think that is a very nice gesture and I see what you are trying to do. However, most people don't care. They rent for a reason. People have to be aware to needing to change their habits and if they are not looking to do so, then they are not going to sign up. People don't go to AA unless they know and believe they have a problem AND want to change. --32.211.xxx.xxx
Dave Ramsey (by Ken [NY]) Posted on: Jul 18, 2018 4:23 PM
I don't get involved in my tenants lives,they either pay me or they don't.I think your tenants are looking at you as being rather arrogant thinking you know better than they do concerning there finances. --72.231.xxx.xxx
Dave Ramsey (by Jim in O C [CA]) Posted on: Jul 18, 2018 4:25 PM
Save your money. Years ago I had an employee who complained he wanted to move out of his mother-in-law‘s house but he couldn’t afford it. Illegally I saved $1000 from his paychecks over a three-month period. He never missed it. When I gave them his savings book with $1000 he went and bought rims for his car ! --174.210.xx.xxx
Dave Ramsey (by Paulio [PA]) Posted on: Jul 18, 2018 4:28 PM
The tenants you describe most likely earn enough to stop renting and buy a house if they had the financial intelligence. Why would you want to train your customers to not need you? I wish my plumber and electrician offered free lessons. --50.32.xxx.xxx
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 18, 2018 4:51 PM
Wow, can't believe the negative comments...certainly some rude people on here. --99.92.xxx.xxx
Dave Ramsey (by Paulio [PA]) Posted on: Jul 18, 2018 4:57 PM
Sorry, don't read too much into tone. We probably all agree with Jen Z...."We think that is a very nice gesture and we see what you are trying to do. HOWEVER..." --50.32.xxx.xxx
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 18, 2018 4:59 PM
In response to your comment about training them to not need me...I actually see it more in the light I originally posted...if they follow Dave Ramsey's advice, they probably will RENT LONGER...he advises NOT to buy until you have a 20% downpayment...Dave is supportive of renting for most people. --99.92.xxx.xxx
Dave Ramsey (by Frank [NJ]) Posted on: Jul 18, 2018 5:10 PM
YOU CAN'T TELL ME WHAT TO DO!! --174.225.xxx.xxx
Dave Ramsey (by Gene [OH]) Posted on: Jul 18, 2018 5:17 PM
I pick up copies of Dave Ramsey's book, The Total Money Makeover, at second hand stores for under $3.00. I try to give a copy of the book to people who could benefit, but I have only had one couple jump on board. They were a young married couple from a Bible study who were high earners who paid off all their debt, including their $300K+ house and are saving and investing like crazy.
A big issue is most people don't read, much less even read a non-fiction book on how to better themselves in some way.
Another issue is financial discipline. Most people don't have much discipline but especially with their finances. Most people don't care about finances as long as they have the money to meet their basic needs and a few luxuries. They wind up charge themselves almost into bankruptcy and then they still don't care to change. --99.165.xx.xxx
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 18, 2018 5:41 PM
Sad but true what you say. My wife and I are very fortunate that we can retire at such young ages...she is 59 and has been retired for a short time and I went part-time at 52...and will fully retire later this year at 57. For the past 5 years I've been working about 25-28 hours a week, which has allowed me to do a lot of fun things.
My wife and I didn't vacation much when first married, as we didn't have much money and were both working full time and going to college to get our degrees. I went to college about 11 years to get my two degrees, but the good thing is that I had zero student loans since my company paid for all my schooling...for which I am grateful.
As a result of not travelling earlier, we are now making up for it...we had 7 vacations last year and we have 6 planned this year. Next year we are going to Ireland for 13 days, and possibly Greece the year after.
Had I not followed the Dave Ramsey process...I doubt I'd be able to do such things. I consider it fellowship to at least offer this to others. I don't see how I can come off arrogant offering something to people that I myself went through...but evidently at least one person sees it that way. --99.92.xxx.xxx
Dave Ramsey (by Ken [NY]) Posted on: Jul 18, 2018 6:04 PM
What I said is that I think your tenants will see you as being arrogant,i didn't say I think you are arrogant.Your tenants perceive you as being wealthy usually not from what you have done to create that situation but they believe you are wealthy because someone just gave you millions and they see you as looking down at them when you are trying to help teach them how to better themselves.They don't understand or believe that they could go from where they are now to where you are at --72.231.xxx.xxx
Dave Ramsey (by don [PA]) Posted on: Jul 18, 2018 6:15 PM
they probably think it is some pyramid or mlm scheme that you are trying to recruit them inyo --73.141.xxx.xxx
Dave Ramsey (by AllyM [NJ]) Posted on: Jul 18, 2018 6:17 PM
They are tired after working all day and stressed. They don't have any money to budget beyond the rent and food and gas. I remember when I made a hundred a week and my rent was a hundred a month and I had to count pennies to get a jar of ketchup. I would not have wanted your offer and I did not need it since every sent when where it was supposed to go. --73.178.xxx.xx
Dave Ramsey (by Jen Z. [CT]) Posted on: Jul 18, 2018 6:25 PM
If you would like to pay for me to take his Financial Peace University, I'll totally take you up on it:) Now I want to take it! --32.211.xxx.xxx
Dave Ramsey (by #22 [MO]) Posted on: Jul 18, 2018 6:27 PM
I see your intent is genuine. I don't wish to get involved in my tenants life in any way. Many, not all, renters are renters for a reason. --174.197.xx.x
Dave Ramsey (by NE [PA]) Posted on: Jul 18, 2018 6:28 PM
Don't waste your time trying to save the world. --50.107.xxx.xx
Dave Ramsey (by Deanna [TX]) Posted on: Jul 18, 2018 8:08 PM
I was chatting with my friend who works at the grocery store. We were standing in the Jell-o aisle, and a woman came looking for Jell-o, not sure what flavor would go best with pears. She was looking for some sugar-free orange generic gelatin for 69 cents, which was more affordable than that $1.29 name-brand Jell-o. ("Ooo, that's pretty expensive...") My friend suggested she get some unflavored gelatin, and then flavor it with the pear juice per the instructions on the box. The woman balked-- it was $2.40, but my friend pointed out that there were four packets, so it was actually cheaper than the flavored gelatin.
The woman ended up getting a box of generic gelatin for 69 cents because it was cheapest up-front. It's been a long time since sixty cents,let alone $1.71, made a difference to my budget, but I do remember those days...
But it reminded me that a lot of the tenant pool in my town is in just that situation.
Our local library was playing Reading Bingo for our adult summer reading program. I read TMM for my "NYT Bestseller" space and really enjoyed it. It was definitely a walk down memory lane, and it made me happy to see how far we had come...
You can lead a tenant to water, but you can't turn him into a gazelle against his will. ;) But that's awesome that you're trying to share the education, because that's what so much of it comes down to... --96.46.xxx.xx
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 18, 2018 8:31 PM
Ken, you don't know my tenants and you have no idea what they think. The fact that you said what you did indicates with YOU think. --99.92.xxx.xxx
Dave Ramsey (by MikeA [TX]) Posted on: Jul 18, 2018 8:44 PM
Funny you bring up generic brands, that might have been my wife you ran into. I have been after for some time now to quit buying cheap generic brands, we have been saving money so long it's a hard habit to break. We are way past that stage in life, time to enjoy the good stuff. --50.26.xx.xxx
Dave Ramsey (by BRAD 20,000 [IN]) Posted on: Jul 18, 2018 9:13 PM
Congrats on being a generous and helpful person.
At Christmas time Dave usually offers his life changing book Total Money Makeover for $10. Could make a nice holiday gift and still follow your goal to help others.
I’ve lead several FPU classes and they are good. But people can attend and go home. Books change lives. Probably everyday someone on Dave’s radio show says someone gave them the book but they let it sit for years. When the time was right they read the book and became gazelles.
Zig Ziglar used to say he got 4 times as many letters from people saying his BOOK changed their lives as the people who heard him speak.
Dave Ramsey (by Newish gal [OR]) Posted on: Jul 19, 2018 12:48 AM
I think the good intentions are wonderful as long as you don't get preachy. Dave is available at my local library. I'll guess most tennants don't want homework assignments but it doesn't hurt to suggest helpful resources.
Dave Ramsey (by Richard [MI]) Posted on: Jul 19, 2018 4:45 AM
I've found most tenants could care less what you want or think or advise.
They are interested in what they want.
They resent anyone suggesting they change.
That's why we have leases and rules. To make them do certain things, like pay on time and not destroy our places. --66.188.xx.xxx
Dave Ramsey (by Steve [TN]) Posted on: Jul 19, 2018 4:47 AM
Hoosier, please don't post a request for comments and then get all offended when the comments don't all go your way. --68.156.xx.xx
Dave Ramsey (by S i d [MO]) Posted on: Jul 19, 2018 5:17 AM
Hoosier... love your heart to help people.
Why aren't they interested? Dunno. Could be any number of reasons. I have led two sessions of FPU at my church. We regularly worship 750 or so on a weekend. Maybe 15 sign up? Granted, take out all the children and already very successful folks and that drops the count to maybe 250-300 adults. 5% isn't too awful--it's better than the response rate to my last "I buy houses" letter mailing (wink!). When we consider the life-changing trajectory Dave's plan has put us on we eagerly desire to get everyone on board at once, doing the program together, encouraging each other, cheering each other on.
All in God's time. His time says, "Not yet" for some folks. Sometimes for a lot of folks.
Some people are comfortably set in their ways and do not want to change. As you know, Dave's plan requires CHANGE. People develop "ostrich" syndrome. If things start to get bad, they'll bury their head in the sand, stick butt in the air, and simply wait to see if the storm passes. Btw, I've heard ostriches really do not bury their heads in the sand... I've never seen one personally.
We're a proactive group here. We try to get out ahead of the storm rather than simply weather it and expect the Govt or some relief agency to come clean up after wards. So we're always reading, learning, trying new things. Do you know how unusual that is to many people?
These are the same folks who often refuse to pay $15/month for basic renter's insurance, but then pay 5 days late ($25) and think nothing of it.
It's weird to me... I wish I had a window into their minds to see what makes them tick. Maybe I'd be scared or amazed. I simply don't know.
Bottom line is you can only offer and see if anyone responds. It's the same with the Christian faith: offer and see who responds. As Dave is fond of saying, "When the student is ready, the teacher will appear." Maybe that teacher will be you! Maybe someone else.
Btw, I don't think anyone here was trying to be rude to you. With online bulletin boards, social media, "chat" there are no facial cues, voice tone, or body language to clarify meaning, so I often have to remind myself that MY mood is almost more important in getting the correct meaning out of a post vs. what the person actually says. Granted, if someone says, "S i d is a @#$%@#" then I can tell they're being rude due to the specific insulting nature of the word(s). Otherwise, if there is any room at all for uncertainty, I try to follow the advice of Martin Luther and "put the best interpretation on everything."
Hope this is helpful. Keep at it. You're doing great work. --173.19.x.xxx
Dave Ramsey (by WMH [NC]) Posted on: Jul 19, 2018 5:28 AM
If it were me in my younger years, I would not be able to see past the religious aspects of his teachings, and would not be interested in reading it at all. --50.82.xxx.xx
Dave Ramsey (by Doogie [KS]) Posted on: Jul 19, 2018 5:36 AM
I commend you for trying to make a difference! Unfortunately, I'm not overly surprised with your response rate. That mindset shift that Dave talks about is a big shift for some. Poverty thinking is a tough one to break. It's all about right now. This is why the woman bought the cheapest gelatin and the guy bought the car rims from the stories above.
I too would probably offer something like this for someone wanting to change. I don't publish or tell anyone about it, but I have helped the tenants over the years with various other things. I think this is a very nice thing to offer as you already know what the effects can be. It seems folks would rather just have you give them $100 instead of paying the $100 tuition to a class that can teach them how to be wealthy. It's kind of sad really... --98.175.xxx.xxx
Dave Ramsey (by plenty [MO]) Posted on: Jul 19, 2018 7:07 AM
I like your idea. Always thought I'd try something similar similar. Keep trying. Change up the offer and try different approaches .. instead of the $75 rent increase at renewal...sign up and take the class... --99.203.xx.xx
Dave Ramsey (by S i d [MO]) Posted on: Jul 19, 2018 7:49 AM
Here's another thought: instead of offering this just to tenants, maybe consider offering the resource(s) at a place in your town that specializes in counseling with people who are the most in need of financial coaching, and therefore more receptive. Think of a divorced parents' group, single moms/dad, someone who has just lost the family breadwinner, etc.
We can do good in many places. Tenants are only one option. --173.19.x.xxx
Dave Ramsey (by J [FL]) Posted on: Jul 19, 2018 11:50 AM
I don't see the point. If you listen to the show there are people who do the course or read the books and still don't seem to follow the plan or even understand it. A caller (from a show I heard recently) comes to mind who wanted to go into debt to buy a house to rent out to family. --72.188.xxx.xxx
Dave Ramsey (by mike [CA]) Posted on: Jul 19, 2018 2:22 PM
holy mother of god...think about it y'all...if WE followed dave ramseys advice we'd all be WAY less wealthy. this crew here is the poster child for users of debt...and we are rich or on our way for doing so. his one size fits all twaddle may work for some but the economy we all love and play ball in is greased by debt --76.176.xxx.xxx
Dave Ramsey (by Nicole [PA]) Posted on: Jul 19, 2018 2:24 PM
I'd find that personally intrusive and would not be jumping for joy that a basic stranger thought they knew what I should and shouldn't be doing with my life. it's not like this guy is a secret ... if the tenant was interested, they could take his course, take a course provided by a local municipality, realtors association, adult education at schools, etc. --72.70.xxx.x
Dave Ramsey (by J [FL]) Posted on: Jul 19, 2018 2:36 PM
Agree, but the way it was explained to me by someone is that *a lot* of Ramsey listeners debt is like a crack pipe...they just can't handle it responsibly.
I agree...I also don't send tenants Xmas cards, etc, although many do...I try to keep a boundary between tenants and myself. --72.188.xxx.xxx
Dave Ramsey (by GKARL [PA]) Posted on: Jul 19, 2018 5:19 PM
I don't engage tenants around any topic unrelated to their tenancy. That's enough work in and of itself. --172.56.xx.xxx
Dave Ramsey (by Landlord ofthe Flies [TX]) Posted on: Jul 20, 2018 11:42 AM
Rather than pay for Financial Peace, why not just buy them the book as part of your new tenant gift basket with the plunger and roll of toilet paper?
It's cleaner, easier to carry out, and may be easier to get them to read than attend a seminar.
I've read both books and know the math is talked about in the books. --108.69.xxx.xxx
Dave Ramsey (by Hoosier [IN]) Posted on: Jul 20, 2018 12:43 PM
Lots of good input and ideas, I will give it some thought and make a change sometime in the near future. Thank you --99.92.xxx.xxx
Dave Ramsey (by J [FL]) Posted on: Jul 20, 2018 3:20 PM
Personally I would just bring up Dave Ramsey in conversation if the tenant was complaining to you about their debt, bills. Then you could give them a copy of his book if you wanted to. But I wouldn't assume anything about the person and give them something automatically.
I was in an ER recently at a hospital here run by Seventh Day Adventists. My treatment was fine but of course I was given literature about Jesus Christ, asked to answer questions about my faith, etc., as they do with everyone who comes in. I didn't complain about it but it seemed like crossing a line and intrusive, although it's their hospital and their right to do that if they choose.
Dave Ramsey (by S i d [MO]) Posted on: Jul 23, 2018 5:16 AM
"it was explained to me by someone is that *a lot* of Ramsey listeners debt is like a crack pipe...they just can't handle it responsibly."
If we could all just learn to use our crack pipes responsibly.... ;-) --173.19.x.xxx
Dave Ramsey (by bet [MA]) Posted on: Jul 23, 2018 8:12 AM
Best to keep conversations to a minimum with tenants, all calls go to voice mail and text the rest. They dont see us as their friends, just the greedy LL who have it all and take their money and never fix their apts. Jaded attitude? No just 20 yrs of experience. Best to keep it as professional as possible, not personal. --108.20.xxx.xxx