7 Things That Are Keeping You Broke

Get the FREE Meal Planner and Grocery Savings Guide: bit.ly/39WFPgN
Get a money plan for real life! Start your free trial of Ramsey+: bit.ly/3Cl1ETy
Order my brand-new book, "Know Yourself, Know Your Money"! bit.ly/2LIclKS
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
kzbin.info...
• The Ramsey Show (Full Episodes): kzbin.info...
• The Dr. John Delony Show: kzbin.info?...
• The Rachel Cruze Show: kzbin.info...
• The Ken Coleman Show: kzbin.info...
• The Christy Wright Show: kzbin.info...
• EntreLeadership: kzbin.info...

[@AngelaBarth088]

I'm struggling with my mindset. Working on it now because I want better for myself and break the generational cycle of debt!

[@RiSkyNick]

Just cut up a high limit credit card today. Thought I could handle it but nope TOO TEMPTING, TOO DANGEROUS!

[@ChadCandiceMorton]

VERSE OF THE DAY: God blesses those who are merciful, for they will be shown mercy. ~Matthew 5:7

[@marylandsmann1175]

1 thing that saves me tons of money is ordering my groceries online from my local walmart then picking it up. They bring it right to the car. I'm a terrible impulse shopper. So order/pick up keeps me honest. I have less waste too.

[@thedoglover8079]

Me too! In store I'll spend 200-300 but online I spend under 200.. Almost every time... I just love that clearance isle!

[@gtkohler855]

They don’t really pick out the best produce and sometimes give you dented cans🙁

[@maryssaann]

I’m stuck in the comparison. Almost 30 with my husband and three children now, last one on the way. I can’t help but feel like I should be where my parents were when they had four kids and could afford vacations, a nice home, private school and activities for all of us. I really need to change that mindset and focus on what my husband and I make to make the most of what we make and not worrying about how my parents did it (my dad was absent from our lives quite a bit with work and I think that factored into the amount of money that was coming in.). I was a single mom from 20 to 26 so it was very tough to save. I don’t blame being a mom and I could have lived with a little less but I never set aside money to save. Just set up a 401K and also have an IRA now for funds to invest also. Trying hard!! We are so close to having our emergency fund goal met!

[@steven5650]

In order to grow your money, you need to put it in a place where it can earn a high rate of return. The higher the rate of return, the more money you will earn. Investment vehicles tend to offer the opportunity to earn higher rates of return than savings accounts. Therefore, if you want the chance to earn a higher return on your money, you will need to explore investing your money.

[@steven5650]

That said, those investing for decades have the advantage, with growing wealth allowing them to enjoy the lifestyle that others cannot afford.

[@harvey6569]

@Adàm For me right now investing in crypto is the smartest…. Why do I say so?? I’m retired and I just started in them and I’ve made $29,000 with $3000

[@steven5650]

@@harvey6569 It’s a smart thing to do honestly. I did my research and invested $100,000 into crypto with the help of an experienced analyst and now, I’m worth 500% profit. My portfolio is $542,000.

[@harvey6569]

@@steven5650 Wow, who’s that analyst of yours that person really helped you out.

[@steven5650]

@@harvey6569 My analyst is Ms Delia Luna who’s from the Uk … And she's has helped me achieve a lot in this space. She trade for me and earn me profit monthly.

[@gusmonster59]

I have one credit card. I paid one bill with it every month, then pay it in full. I do this to keep my credit score up. That's it. I don't buy things with it. I don't even carry it with me. I am almost debt free. Just the loan for a reliable used car, and that will soon be paid off as well.

[@cherylT321]

That’s great!

[@freedomring3022]

She's 100% correct about the mindset. I had that early in my life and I worked hard to get out that mindset. I read a lot of goal setting and motivation books and they woke me up to realize that you can work yourself into something better.

[@JKBelle]

Thank you! It’s just so hard with the hyperinflation and literal textbook psychopaths being in charge of our governments!

[@queenvic83]

@@JKBelle 💯

[@site_is_down]

Our mindset can drive us to where and what we want to become. It's always suggested to work on changing our mindset first before we can achieve our goal, as having enough resources and capacity without the proper mindset always ends us failing our goals.

[@markg999]

Income is never really the issue...its just most dont know how to handle money they make.

[@danielloftus9875]

I stopped buying in the convenient store. Wasn't making me broke, but Believe me $5 or less purchases were adding up quick

[@carolinagrace402]

You are so beautiful and your videos inspire me to become a better person! Thanks for good and clean content!

[@reginastephens935]

What about constant doctor bills, hospital bills, expensive prescriptions, insurance rates that are through the roof and home repairs?

[@candy2325]

Delaying gratification is so true. I always use a sticky note and write a mini list of things I need such as toiletries, household goods, groceries. There have been times I’ve added things to my list on Amazon and they have been on that list for months and I still haven’t bought them 😅

[@ivylin8103]

haha me too, I put on my wallet a sticky note list when I go grocery hahaha

[@PiXimperfect]

That add-to-cart tip is such a great idea! With online shopping, we definitely can get carried away sometimes and impulse buy things we don't need.

[@shovihandayani3836]

Hi Unmesh, you're the best Photoshop guru 👍

[@site_is_down]

This is relatable to a lot of people. It is sometimes a psychological and a reflex emotions that every time we are capacitated to browse an online shop, it's always a tendency for us to overspend over unnecessary things.

[@campoida]

😂I do virtual window shopping all the time. Love dropping stuff in my cart. 😂 it's so pitiful. Lol

[@meli1368]

Thank you Rachel 🙏💗

[@bridgettetraveler658]

I used to be exactly what you're talking about! Now I do my best to to live well below my means! Very little eating out & I try not to waste food! Remember an apple a day keeps the doctor away & money in your pocket!

[@greenlady43]

I’m paying down our credit card debt. It’s hard but we’re in our 70’s and want it gone before we die!

[@chriss7552]

Linda you can do it. We can do it.

[@Jamesgeeee]

lol no reason to care if your 100,000 in credit debt when you die .

[@tubeyv7325]

Hey Rwchel! Great tips and thx for another great video!🎉 Hope you're doing well and keep tips coming!🎉❤

[@kelliconlan8133]

Mindset it HUGE!!!!!!

[@floridanativelh568]

Wow, that is your color Rachel 🙌🏻

[@jillrahn1152]

Talk about a mind shift! I started thinking about purchases in hours I needed to work to earn that amount and than deciding if my time was worth it. So if I want to purchase something for $100 and I make $20 per hour, it would take 6 hours with taxes to make that money. Or I would have to work most of a full day of work to earn it. When I looked at purchases this way, that shirt suddenly does not look as cool.

[@enriquelinares9218]

I agree with all he points except for the credit card one. You can have a credit card, pay it in full, pay 0 in interest, fallow a budget and build wealth. A credit card is a tool, it can be use responsibly or it can be abused and it can destroy you. But at the end of the day is about your spending habits.

[@ladyfirst2797]

The average yearly income, is clearly incorrect. There are many that don't even come close to that amount. Seniors are a group that definitely don't have that income.

[@lindae6461]

Note: Those figures are per household not per person

[@Miss_Dale_Westwood]

Agreed on all of these, except for the credit cards. I use a credit card all the time and I have no credit card debt and I pay everything off in full on time each month. If you can’t do that though, you probably shouldn’t use a credit card.

[@jaramieblack3310]

I believe their argument is you tend to spend more when you use credit vs cash.

[@Miss_Dale_Westwood]

@@jaramieblack3310 I don’t believe I do, because I make sure I have the funds in the bank before I buy something, same as if I were to use a debit card. Also, I get 5% back which is a nice bonus 👍

[@jaramieblack3310]

@@Miss_Dale_Westwood I’m just saying that most people do. Didn’t say specifically YOU.

[@ngd268]

No disrespect to you as it’s your personal choice, but if you only spend what you have in the bank why not just use a debit card? 🤷🏼‍♀️

[@Miss_Dale_Westwood]

@@ngd268 simple, I get 5% back, and I am building a good credit score (currently 820).

[@frewalk23]

I really cant relate this. My husband makes on average 35k a year. We have two small children. There's no " budget" . We pay our bills and there's never enough. We live week to week

[@breec3346]

I’ve got to start living within my means!!!

[@strangergranger10]

2022 goals! ✅ $1,000 emergency fund ✅ maxed out my Roth IRA ❌ 3 to 6 months emergency fund ❌ buy a used car ❌ my sister college fund ❌opening a brokerage account ✅achieved ❌working on it

[@Candiegirl13]

On the fact that guru's think the average income is $60,000 (Ramsay) $65,000 (Cruz), I think they need to do some fact checking.

[@lindae6461]

Those figures are per household not per person

[@Candiegirl13]

@@lindae6461 A household can be one person

[@Candiegirl13]

@Makai Threads Rudely put. But this not average from what I've seen. This is an amount regular people dream about.

[@markg999]

Seems about right to me for avg household income.

[@Candiegirl13]

@@markg999Different areas, different situations I suppose.

[@TARSHKING1]

No no no don’t stop the video 👏🏾

[@site_is_down]

I agree with everything you've said! It all starts with our mindset and our submission to the acts of investment. We can't grow our money with us halfhearted on what we are doing.

[@w.logancaldwell5129]

Good Morning! I'm just here to feed the algorithm.

[@ahstewart4728]

TV

[@barbieblue3336]

Great colors. Makes me want to buy some blue clothes lol 🤣🤣🤣

[@Laura17646]

Yes, finally someone has touched on the topic of kids activities. My husband and I are great about not buying extra purchases, saying no to ourselves, budgeting, living below our means-but kids sports are so $$!! Can you please talk about that more. How to balance the cost of those. (I am talking private lessons, sports teams monthly fees, tournament fees, + travel sports team fees including hotel, transportation) There is a ton of guilt associated with cutting out/back. (Fear of kid missing out, quitting, not reaching 'full potential' Any tips/advice or a video would be so appreciated.

[@markg999]

You live below your means on the other stuff so you can afford to do the kids things.

[@Liz-id7hd]

Your kids are lucky. I didn't have private lessons, sports team, tournaments, etc. growing up coz my parents were poor. But I turned out just fine. I still finished college without my parents help. I don't feel like I missed out on anything. If you were my mom, I would definitely tell you not to live above your means.

[@sarahuber8567]

Agree. This one is hard. Esp when you feel guilt and fear about your kids.

[@deidre4423]

Loved theses suggestions!! I like shopping around too. For example, I saved $50 on contact lenses today that I ordered online by shopping around & comparing prices for 3 different manufacturers. The honey app on the computer helps input coupons for extra discounts too!

[@bethanyg153]

Driving can be a big hog if our money. I grew up with going somewhere every single day. If 3:00 hit and we hadn’t at least gone to the grocery store we were trying to figure out where to go. When things got tight, I’d wait to do all the errands on one day. Sometimes even a Walmart run or Costco run could just wait a few extra weeks.

[@andreamiller6200]

I enjoyed these words of inspiration and the pep talk! I would love to hear some stories of what does it take to change your mindset, and how does that then change what you do? Akin to that great tip about being specific and measurable in writing down your goals. I would truly enjoy hearing an interview you might hold with someone who was on the other side who had a lightbulb moment and came over to the smart money management side - and I would love to hear these stories about millennials who have made the transition to thinking and acting differently about money.

[@traciesmobile683]

I am guessing credit cards do not provide the same consumer protection in USA as in UK. Here if we buy something over £100 and pay just £1 on the credit card provider is jointly liable to the provider.

[@honestmomvlog]

Lifestyle inflation is so hard! Because I hired a tutor for my dyslexic son, but I was kind of okay without it. I know he is doing better, it’s just I feel guilty. But I’m not gonna change it.

[@davidmilhouscarter8198]

3:22 The more money that I make the cheaper I become.

[@lifeisbeautiful9455]

I been savings since I was 14 when I lost my mom. I had to get a job, my father didn’t help and I was the youngest female and if I didn’t have a job, we wouldn’t have had food. My father used us for government assistance, he didn’t work. Never worked.

[@jennyhammond9261]

Nothing to do with the topic... but great lighting for the video!!

[@karenherrera287]

I did it. I added to my cart but didn't purchase!

[@overflow1789]

Great video, very informative - mindset can really be both like a silent killer or the one thing constantly pushing you forward

[@site_is_down]

Big YES to this! It's our mindset that is the determinative factor in our every goal in life. Having the right mindset and attitude, we can always expect to go far from every journey.

[@barbieblue3336]

I watch Dave's videos, but the commercials are always fir pricey items

[@irenegarcia1851]

Freeze your credit cards in the freezer ha ha

[@MartianAmbassador69]

My gf definitely wishes I'd learn delayed gratification 😏

[@tamihill4229]

Question what do you do when just started bs1. And your car needs to be replaced .

[@lluviagarcia3529]

Hey, I think someone asked that on the Dave Ramsey show it’s on their Podcast. This was recent.

[@nomiramsey453]

Wasn’t the advice to get the cheapest thing possible that could get him back and forth?

[@MWebb-de9pq]

Market inflation...

[@MartianAmbassador69]

Mine is my wife and six kids

[@davidmilhouscarter8198]

3:39 I’m glad to know that I am about $8000 above average.

[@buffaloben15golf88]

Bro these people think that credit cards are fricking spawns of the Devil. I think that they’re correct that emotional attachment with money is a good way to train yourself on how to spend less but I mean

[@Rrl32591]

She’s gorgeous and smart 😍😍😍😍

[@Landmantx]

I sure hope children is number one on the list. Lol.

[@judyarvy3702]

This is for people who have jobs and possibility of raises, this is not true of everyone!

[@kathleenr8839]

This advice worked three years ago just fine. Today… We have bigger problems