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Better Benefits Vs. Better Pay – Dave Ramsey Rant



Better Benefits Vs. Better Pay – Dave Ramsey Rant
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Karen
Mastermind, Academic, Slot Guru, Travel Junkie, Lana Del Ray's Botox Injector. I make up a dream in my head before I go to bed.

40 Comments

  1. Im in a private sector union, make $40 an hour and each hour I work, I get $10 an hour added to a fully company funded pension with full coverage health benefits, and 6 weeks weeks a year off. My advice to folks would be to find a job that offers both benefits and pay!

  2. So you're saying we should all get better pay AND better benefits?! Wow, can't believe nobody thought of that before. Clearly the reason we don't all have BOTH is because it just never occurred to us. What a stupid statement. Dave really annoys me sometimes.

  3. it depends on the person's/family's situation and their local economy – if they have a lot of medical issues, then of course they'd be concerned about the health insurance and if the only jobs available paid less but offered better coverage, vs. a better paying job that even paying more money out of pocket on your own isn't enough to provide the needed coverage, then yes, you can't blame them for taking the job for better benefits. In the real world, not everyone can just quit their job or move to another part of the country or drop everything to pursue their passion or get a great job that pays great money and great benefits. I agree that yes, we should think big, not think/talk like a victim, which is what i think Dave is saying

  4. Clearly you haven't ever worked in California you usually have to make a balanced decision either benefits or money you don't get both.

  5. If at the present time, one job offers better pay while another job offers better benefits, which one should you choose in the meantime?
    An analysis between better pay vs. better benefits would have been a better answer IMO.

  6. I have to say this one is kind of silly, your work has a certain value to an employer. Your value is expressed in the combined value of your paycheck and the value of the benefits offered.

    It's a zero sum game if the work you do has value x then naturally your pay is going to be value x minus the expense of the benefits.

    The answer is determine the real value of the benefits and pay for both jobs and compare them then go with the one that offers the better total value.

  7. What a waste. It would have been interesting to hear you ACTUALLY answer the question and give your opinion on which is better. Oh well, at this point I'm not surprised considering stating the obvious is a staple of this show. I'm not bashing the show, it is helpful in some areas. However, a lot of it is information that should be common sense.

    My opinion: you should decide what is most important to you. For example, if you have health problems, great health insurance would be more beneficial because you would have high health costs without it and it's not taxed.

  8. I have to disagree because I now work a job that pays $1000 less a year then I could elsewhere but pays for my entire study worth 10k over the course of 2 years and with that I can make 15k more in a leadership position so I come out WAY ahead thanks to my benefits and my current job pays 10k more then my former job so I'm really happy with the switch

  9. Since Ramsey didn't even remotely answer this question properly, I'll do it for him:

    It depends. Look at how much you value those benefits and compare them to how much extra money the other job would be paying. Obviously this kinda sounds like common sense, but that's really all there is to it. If you're still not sure, I would (and this is just me, you might be different) take the job with benefits since I'd rather have less money in the bank but be covered in case something goes wrong than have a couple extra thousand dollars and have to pay the entirety of a medical bill

  10. I think he may have misunderstood the question. In my case I decided to take a job with slightly less pay but with way better benefits, to the point that I was bringing home more money than at my old job. You just have to do some math to determine if the benefits are worth a cut in pay.

  11. A good job with good benefits… They do exist, but work on yourself to be the best of the bunch so you qualify and get hired. You can't be a sloppy worker that has zero ambition, a terrible victim mentality, a toxic attitude and doesn't do anything to improve oneself (i.e. take classes continually, etc) and complain that you can't get a job with great pay and great benefits. Get off the whambulance!

  12. For someone like me who is 34 and no college degree and not married no kids I️ make 42k a year salary gross in California with 3 weeks vacation and a retirement pension..believe me I’d rather make double if I️ could but it’s better than nothing

  13. He made a mistake here. Sure, you follow this advice and now work in a place that is considerably more lucrative than your last job(s), have great benefits that aren't paid much out of pocket for, and may even be out of a toxic relationship.

    …BUT I followed his advice earlier in the year, notably his Work The Problem rant and only last month finally nailed that very opportunity. Took me five months, which to many sounds astonishing but I lost sleep and work productivity over it. Dave missed an opportunity to inform people using cost analysis, wisdom, and witty remarks of common sense. All I heard was snark, and he's supposed to be above that. The mission is to inform those who don't and guide them. Even in this little moment, a not-even-two-minute rant, nobody was guided.

  14. seems like everyone is missing Dave's point. he's trying to tell people to not limit yourself and stop your forward progression just because you want benefits. strive to be paid well along with the benefits. but don't limit yourself because of the benefits

  15. In the meantime her options are benefits or salary. I'd take benefits. You can add money later but good health insurance is a must.

  16. If Dave had ever returned to America from an unpopular war, he would have a better understanding of the fact that sometimes you don't have any choice of what job to take. Although I generally concur with him, he seems experientially naive in this video.

  17. The whole question is a false dichotomy. It's not "a la carte". When you choose a job, you have to figure out the total compensation, work requirements, living expenses, and quality of life as a whole. You can give some extra weight to the portions that are more important to you if you feel like it but not figuring out the whole package is a good way to get in a bad situation.

  18. Normally, Dave's pretty on point, but by this logic, it's better to take a $50,000 salary with poor/no benefits than it is to take a $45,000 job that pays 10% into your 401k automatically, has free health insurance, 20% discounted stock options that can be exercised whenever you want, and random bonuses. Clearly those benefits outweigh the $5,000 salary differential.

    Kinda seems like Dave fell off the stupid train on this one. Benefits have very tangible financial value and it would be foolish not to treat them as such. Sure, it's great to have great pay and great benefits, if you can negotiate it, but that's not always reality. Companies realize benefits are valuable and treat them as such when hiring. If someone comes in a demands high salary AND high benefits, all other things being equal, they will take the person that is more in line with their salary expectations every time. If you over-sell yourself and demand more value than the guy next in line for the interview, you risk not getting a job at all.

  19. I'm sorry I typically agree with Mr Ramsey but I whole-heartedly disagree here! A good benefits plan with only a little less pay is SO worth it! My medical costs are high as I'm disabled. I had to think about that benefits package when job hunting. (Early retiree now, pay for my own benefits but you get the point)

  20. Active duty military gets great pay and benefits. Takes a few years to get decent pay, but what other employer pays you a housing allowance or provides you free housing, subsistence money, liberal holidays and extra days off, 30 days of leave every year, and free medical coverage? Thanks Uncle Sam. Deploy me again and again.

  21. What?! I don't always agree with you Dave but this is the first time I ever thought you were crazy and out of touch! I hope you rethink your position and come up with some real world useful advice. The question is legit and relevant . Your reply is not.

  22. obviously the "make more money" argument is not achievable for many people. instant pay increases are rarely attained just by switching employers. for many people they are at the wage cap of their field of work, and in order to make more they would have to go back to school which initially only costs more for the hope of future gains unless they start at the bottom of the totem pole in another field and spend a long time working their way up. for instance I had mostly construction/landscaping experience, where little to no benefits were offered for those laborer positions but was making $16/hour. I later had the opportunity to take a job in a different field that offered benefits in the top 10% in the state but had to start at an entry level position at $12/hour. the up side was that the benefits offered about $5/hour in value to my situation. so in my case it was indeed better to take a lower paying job with better benefits, because the benefits more then out weighed the loss in pay. I have since been able to work my way up in pay and have more than made up for the loss in initial wages, while still keeping the benefits. it took me almost 5 years to get here but it in hindsight it was the best move i ever made. mine may be an odd situation but I'd venture to say that it happens quite a bit.

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