They Spent Their Savings and a $95K HELOC Trying to Open a Coffee Shop in Seattle. Dave Ramsey Says, 'You're Scaring me to Death'

Benzinga_recent_news07-20 07:01

“Oh man, you’ve made a mess,” Ramsey told Denise. Don’t Miss: She wasn’t surprised. “I knew you’d say that. He said don’t call him. He’s going to tell us not to do it,” Denise replied, referring to ...

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He’s going to tell us not to do it,” Denise replied, referring to ...</p>\n\n<a href=\"https://www.benzinga.com/news/topics/26/07/60543276/they-spent-their-savings-and-a-95k-heloc-trying-to-open-a-coffee-shop-in-seattle-dave-ramsey-says-youre-scaring-me-to-death\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>They Spent Their Savings and a $95K HELOC Trying to Open a Coffee Shop in Seattle. 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Dave Ramsey Says, 'You're Scaring me to Death'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-20 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/topics/26/07/60543276/they-spent-their-savings-and-a-95k-heloc-trying-to-open-a-coffee-shop-in-seattle-dave-ramsey-says-youre-scaring-me-to-death><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“Oh man, you’ve made a mess,” Ramsey told Denise.\nDon’t Miss:\nShe wasn’t surprised.\n“I knew you’d say that. He said don’t call him. He’s going to tell us not to do it,” Denise replied, referring to ...</p>\n\n<a href=\"https://www.benzinga.com/news/topics/26/07/60543276/they-spent-their-savings-and-a-95k-heloc-trying-to-open-a-coffee-shop-in-seattle-dave-ramsey-says-youre-scaring-me-to-death\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JVA","symbol_name":"Coffee Holding Co","start_time":0,"source_url":"https://www.benzinga.com/news/topics/26/07/60543276/they-spent-their-savings-and-a-95k-heloc-trying-to-open-a-coffee-shop-in-seattle-dave-ramsey-says-youre-scaring-me-to-death","article_id":"2652641782","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/07/19/Check-Your-Counter-Thousands-Of-Coffee-M.jpg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/topics/26/07/60543276/they-spent-their-savings-and-a-95k-heloc-trying-to-open-a-coffee-shop-in-seattle-dave-ramsey-says-youre-scaring-me-to-death","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652641782","pubTimestamp":1784502060,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"For many people, owning a coffee shop sounds like the perfect small-business dream. You create a gathering place, serve great coffee and hopefully build a profitable business. But as one Seattle-area couple discovered,","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JVA":"Coffee Holding Co","BK4212":"包装食品与肉类"},"translate_title":"他们花了积蓄和9.5万美元的HELOC试图在西雅图开一家咖啡店。戴夫·拉姆齐说，“你吓死我了”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JVA":1.5},"content_text":"“Oh man, you’ve made a mess,” Ramsey told Denise.\nDon’t Miss:\nShe wasn’t surprised.\n“I knew you’d say that. He said don’t call him. He’s going to tell us not to do it,” Denise replied, referring to her husband.\nDenise explained that she and her husband had dreamed of owning a business for years. They had signed a lease and were moving forward with plans for a coffee shop and bakery. The buildout alone, however, was expected to cost $183,000.\nThat figure did not include equipment or the working capital needed to pay employees and cover expenses until the business generated enough revenue to support itself.\nAccording to Denise, the buildout had already consumed almost all of the money they had saved. To cover additional costs, the couple took out a $95,000 home equity line of credit against their house. Even then, they were still exploring other financing options.\nRamsey immediately focused on the numbers.\n“You’re $300,000 in the hole. How many cups of coffee is that before you actually make your money back in Seattle?” he said before taking a sarcastic jab at the location itself.\n“Like nobody’s had a coffee shop in Seattle before,” Ramsey joked. “This is new.”\nTrending: Earn While You Scroll: The Deloitte-Ranked #1 Software Company Growing 32,481% Is Opening Its $0.52/Share Round to Investors\nCo-host Rachel Cruze warned that if costs continued rising, the couple could easily end up investing close to $500,000 before opening their doors.\nDenise added that she and her husband had previously been minority owners in a restaurant that performed well. Ramsey acknowledged their experience but argued that the planning for this venture appeared deeply flawed.\n“If you worked for me and you told me it took 183,000 to build this out, and then you came back looking for another 90 and then you came back looking for another batch, I’d fire you for incompetence,” he said.\nThe conversation also highlights a lesson many investors have heard before: sometimes the safer opportunity is selling the shovels instead of digging for the gold.\nOpening a coffee shop means taking on substantial startup costs, hiring employees, managing inventory and competing in an industry known for thin margins and high failure rates. Investing in companies that serve the restaurant industry can offer a different way to invest in the sector. \nSee Also: The Future Of Work May Look Very Different From Today’s Office. This Startup Is Building Toward That Vision.\nBy the end of the call, Ramsey’s position hadn’t changed.\n“You didn’t lay out … what it takes to get this thing opening and started cash flowing,” he told Denise. “Instead, you just keep spending money like you’re in Congress and you’re still not even open. You’re scaring me to death.”\nFor Ramsey, the biggest issue wasn’t the dream of owning a coffee shop. It was risking years of savings and home equity before knowing exactly how much that dream would cost.\n“I’m so sorry,” he added. “No, I would not have done any of this. And no, I’m not going to tell you to do any of it more.”\nRead Next: Wall Street Traders Pay Thousands For Market Data. This Platform Gives Everyday Investors Access To Advanced Tools.\nArrived\nRealberry\nFarmTogether\nFarmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.\nImmersed\nFundrise\nPrivate real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.\nMode Mobile\nEquityMultiple \nFor accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652641782","isCrawlerRequest":true}