Dave Ramsey is known for helping people get out of debt, so it was shocking when he told a 40-year-old widower to buy a new car. The caller mentioned he was considering a new car to impress women since he's ready to attract another woman in his life. Ramsey didn't only tell him to get a new car, but he was pretty adamant about it.
"Regardless of women, you should get a better car. Your car sucks."
The context behind this response and the advice Ramsey gives later in the call can help people who are looking for love and want to build their net worth.
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The Caller Has An Old Vehicle
It's normal for people to drive older vehicles. The average age of a U.S. vehicle reached a record 12.6 years in 2024. New cars are expensive and can get you deep into debt, but there are two unique factors to the caller's situation.
The first one is that the caller is driving a 25-year-old pick-up truck. Even a used car from the 2010s is a massive upgrade from an old pick-up truck. The second detail is that the caller is in a tremendous financial position. He has a $1.3 million net worth and earns $132,000 per year. He also has no debt, no mortgage, and no kids.
While the caller shouldn't get an exotic luxury vehicle, he doesn't have to settle for a 25-year-old pick-up truck either.
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Don't Buy A Car Just To Attract Women
The way Ramsey framed his advice is also important. He said that the caller should get a better car, even if trying to impress women wasn't a part of the equation. While Ramsey recommended a vehicle upgrade, he also warned against the caller tipping people off on his net worth.
"If you impress them with the car, it's the wrong woman," Ramsey responded.
A flashy car risks attracting a woman who only loves you for your money. Showing off rich items may attract a gold digger.
However, it is still ideal to have a car that's in good condition. Ramsey's daughter, Rachel Cruze, was the co-host for this episode, and she chimed in from the woman's perspective.
Cruze said that having a beat-up car can indicate to a woman that she has to be the breadwinner to hold up the family financially. Not every woman wants that pressure, especially biblical women. It's common for biblical women to see themselves as the person who has to nurture the kids while the father is the breadwinner who provides for the family.
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A good car can show a woman that you are able to provide. It can indicate that you either have good finances or are making progress with your finances.
The Caller Is Looking At Used Cars
The caller has good financial management skills based on his net worth, and he's also looking at cars that range from $5,000 to $10,000. That puts him in the used car market, which isn't a bad thing. Almost any car is an upgrade from what he currently has.
While he has the flexibility to raise his budget, the caller's desire to spend a relatively small amount of money on a car demonstrates good financial management. A new car is a good investment, and in this case, a new car can simply mean a used car that looks better than the pick-up truck.
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