You’re the same idiot who probably said that they would refuse an interest free $1 billion loan for 10 years. Government bonds would pay you almost $50 million per year at 0% risk.

Businesses run on debt all the time. The dumb fucks at Ramsay really don’t know their shit and love to prey on the uneducated. Really shows in the comments

What is she buying at Walmart???

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

I see the concept but man, I have a 15 year loan at 1.75 %. Refinanced from 30 to 15 in early 2021. My savings account is generating over 5.2 percent. Plus all the investing. I know the feel good aspect of paying your loan off is probably nice, but I’m not sold on spending all the extra on a home loan when it’s making nearly quadruple in savings alone. 🤷🏼‍♂️.

I'd rather invest the money remaining at the end of the month in an S&P500 ETF that pay down debt at 2.65% interest rate.

If you have $1000 in savings. Welcome to the 66% 😎

This is standard operating procedure for most companies though. All companies buy on credit.

I only pay the essentials and safe the rest for 3 years world travel. I still have a great life and would do the same even if I would not go

I am so glad I never have to worry about a mortgage.

what 25 year old, back in 1980 was making enough to put over 600$ away each month? the med income was $21k. that's ~$1750/m income, gross, so they'd have ~1150 gross per month.

You can just set you companies direct deposits to go in to your savings account

If he has low rates and has the cash to cover it if needed then it’s totally fine and you are basically making free money back and points.

It’s always so funny to me. The people who are millionaires Dave Ramsay‘s way are all millionaires on paper as a net worth which includes your house all your junk, retirement accounts, etc. and then you see those are some of the most miserable people because they can’t do anything, they say they have cash flow, but they’re terrified of cash flow because they look at it as a goose for the long haul and they need enough to retire. People like this guy who owned businesses that have a lot of cash flow or need a lot of cash flow often use their credit to leverage most people use their credit to buy liabilities is the main problem majority of companies use that and the ones that don’t usually small businesses that die out overtime or barely make it as they go month-to-month Anybody big business 150 employees are above have debt and leverage and use it to their advantage and have more money than Dave Ramsey, and all of his people underneath him probably combined

What about yotta bank?

The real question is who has the highest net worth, the glasses dude, or the credit card dude...

My ex lol

Makes me feel good about myself because most of my disposable income goes into my investments. My cost of living is low with ZERO debt (no credit card debt, no mortgages). Gross income in 2023 was $700,000.00. My biggest expense is TAXES!!!! Life is good!!

some old people are still scared of cars

My property tax and insurance costs more than the mortgage. Can’t get rid of that

Should those of us with less than one million and above 50 be worried then? I have only 650k in my Roth and I don't know how to grow it and I'm worried I'm nearing retirement.

It’s also a Honda folks. Keep that in mind

Great tips. What is your opinion about investing in the stock market as a potential means to make money? I've been thinking of putting in 120k in the market, but I'm not sure how to navigate things.

I use my credit card in place of my debit card which helps to keep my bank acct protected. I don't use credit cards with the intent of spending money that I don't have to spend

The guy doing this video is uneducated af .

Gee a 1000 in savings me you are above average. I have that in my pocket what dies that make me financially?

Don’t ask your boss for raise to pay you what your worth and/or staying with the company for X amount of time, instead ask them to not give you a raise, ask for more work(growth plan, whatever that means), do said extra work for X amount of time in hopes that one day(year(s)) they magically give you a mediocre raise and with that raise they’ll add even more work/responsibilities that still doesn’t correlate with your pay. I think this is a stupid way to go about this and you will fall into the trap of always not getting paid what you’re worth/should be while always doing more and more work. Best way in my opinion and have watched a bunch of my friends increase their salaries over the years is to start looking for a new job every 2-4 years, lets say you’re making 50k and after 3 years the new job is offering 70k, go to your boss and tell them that you found a job doing the same thing with the same responsibilities and say you want a raise to that amount and if they say no then kindly put in your notice and go to the next job. Might not be the best way but as they sat before laying people off or “letting you go”, tel them “sorry, it’s just business”. Good friend of mine did this and went from a 40k/yr salary at his first job, to a 105k/yr salary in 5 years by switching jobs to more times. He’ll keep doing the same thing until he hits the max in his industry. In my opinion, doing it the way that they are saying to do it will get you nowhere, yes, it might be the “nice“ way to do it, but we live in a world where we need money and that’s it, corporations don’t pay enough as it is. The last thing we should be doing as employees is asking for more work in hopes that we eventually get paid a little bit more. Our time is worth more than what most corporations are paying depending on your job, but they will never pay it so you have to leave sometimes.

Anyone interested in my story? Happened overnight. Grandpa passed and left me $1.25 Million 😂

Stop eating out so much. It’s insane how much on a persons bank account I see spent on out to eat.

So your advice to pay off your mortgage early is to have lots of money? I’ll get right on that pal. Do you know what a “reasonable house” cost. Man the privilege.

29 here with a 310k mortgage originally. I'll have it paid off before 2028 🎉

Great interviews!

There is good and bad debt. Yes having everything fully paid off is nice, but 99 % of people in this world need to leverage debt to be successful, bottom line.

the rich dad poor dad guy would punch the air watching this

I'm making extra 10 to 15,000 a year in cash back. Never paid a dime in interest. You also have zero liability with credit cards. With a debit card if someone steals it it will take you months to get your money back in most cases.

At 2.75% interest I’ll park my money almost anywhere else.

I feel like I'm not the target audience for these channels. They all assume you have a mortgage and don't tell you when or how to save if you are a renter, especially with today's house prices. For example I pay 800 in rent, and 37 years old making 44k a year, no debt. If I wanted to buy a house in my area, with a 20% down payment (which I'm no where near) it'd be roughly 2,300 a month for the mortgage alone. Which I can't afford that. I'm currently able to invest $1,000-1,200 a month and have around 40k in roth ira, taxable, and hysa accounts combined. Right now my plan is to dump everything in investing while renting. Dunno if or when to take out to get a house. Maybe when I have enough for 50% down the interest rates will be better.

For those watching cannot even afford a mortgage😂😂😂

I lived beneath my means and paid off a 33,000 debt. Student loans are gone! There is no feeling like it! Being debt free makes you only want to deal in cash, thats the trade off. Suffer now to be comfortable later. Dont become a debt slave in this Fiat system.

You are associated with dramatic Ramsey. To bad lined your channel, can’t stand him.

Are you associated with Dave Ramsey?

George is selling something. National debt and inflation will hurt everyone. Save medals: silver, gold, lead, brass.

As long as he can afford paid it off on time it isn’t debt

People it's called a FIDUCIARY!

Never use a credit card

Dude acts like I can save money 😂

He’s already doing business wrong spending based on other people paying later is a horrible way to do business. Payments are always upfront unless you’re not a legit business then people feel like they can take advantage of you. I order catering from a restaurant so I paid upfront my mom got catering from a coworker and last minute we were about to cancel that would’ve been horrible for the service provider because she didn’t even ask for the money for the food it’s a huge risk.

To be honest the math does not add up. 10% of 5000 dollar, is 500 dollar.

I retired at 35. I'm 40 now and bring in 90k after taxes. I am just waiting for my youngest to get old enough to go back to work.

What about gain tax on with withdrawals?