America Is $1 TRILLION In Credit Card Debt!! - Dave Ramsey Rant

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[@matthewring1402]

26 years old, paid off $120k student debt, put 20% down on my house, and working towards paying that off. We are expecting our first child in December, and the birth is already paid for. Now that’s what I call peace! Thanks Dave!

[@Outlaw653]

That’s awesome man!

[@Ara-ni5xc]

Happy for you 👏🏻 Congratulations on your baby!

[@aaronalquiza9680]

Not peaceful enough, sell the cars and the cat! But seriously, you're way ahead of 90%+ of people now. Congrats

[@Angela-sz5mt]

Want to look rich and don't oay

[@stephensokoloski2082]

bs

[@ajb7530]

Im officially out of debt as of Aug 2023. Thank you Dave Ramsey.

[@SMetz-cw6qj]

Congratulations!

[@TheSilverBackStacker]

Congrats

[@juanrivas494]

Exactly! I do the same. I use my credit card to pay my necessities and pay the card on time every month no problem. I end up getting 500 dollars in cash back a year. If your responsible it can be a benefit!

[@Akrna47]

Good work, champ

[@BigrodRodney]

Congrats

[@lowermichigan4437]

Why do we all love it when Dave get riled up? Keep the rants coming Dave.

[@chrispnw2547]

We don't. He is a drama queen. All debt is not bad. When one travels, a credit card is critical. Dave uses credit cards all the time. He panders to the least intelligent among us. The key is to not rack up debt/credit one cannot afford. Using a debit card tied to primary checking and savings accounts is not smart. Dave is no genius as others far smarter than Dave know what instruments to use for credit and purchases (domestic/international).

[@TheItalianDude96]

@@chrispnw2547 plus you don't pay interest if you pay your card at the end of the month.

[@alinatamashevich3354]

@@chrispnw2547 I travel extensively, I use cash and a debit card. I have never had a problem. Dave does NOT use credit cards, that is a blatant lie. Just remember Dave has made more millionaires than you have teeth.

[@HishamMahmudinOC]

The unfortunate reality is that the vast majority of credit card holders abuse them 🤷🏾‍♂ Only a slim minority use debt responsibly@@chrispnw2547

[@gloryjab8681]

​@@chrispnw2547He helps the majority of Americans. Dave is not the majority of Americans. He can do what he wants

[@deepeasttexasoutfittersllc5679]

Me (35yr) and my wife (31)are officially millionaires as of July 2023. I was fortunate to have parents that listened to Davy 20 years ago and it’s manifested into us becoming millionaires

[@seadragon1456]

Congratulations!

[@donaldlyons17]

@@seadragon1456 You don't ask any questions? How is Ramsey and clown group making him a millionaire through his parents?

[@regtalkswealth]

I had 15k worth of credit card debt back in 2020 it was one of the worst experiences I've ever been in. The pain it caused me mentally and the time it took to pay back I will never forget that feeling and will never do that again!

[@funkydankspliff]

proud of you brother

[@formula112967]

Pain the the best teacher.

[@rollingdudes8859]

I filed bankruptcy in 2011 on $60K of Credit Card debt!!! Never had a credit card since!!!

[@TyCChronicles]

How did you lower it? I have 16k and I just got paid and my truck broke down and now in the shop like last time it cost over 2k. Idk how much it’s going to cost.

[@MonkeyShoe]

15k isn't even that much. My step dad had 40k. Everything in moderation. A couple grand 7 or 8k max, but don't live your life like a monk and make sure you can pay it off in a couple of years.

[@gregmcnary]

Happy to say that not 1 red cent of that $1 trillion debt is mine, and hasn't been for 20 years or so.

[@robertpsotka3525]

Yup, I have zero debt. I sleep well

[@Jawrathful]

Zero debt here as well. Hasn't been 20 years but still feels great! Kudos to you!

[@magniarot]

Same here

[@jsoto4734]

Same here

[@robertbrown1021]

I'm contributing to $9000 but I expect to be done in August 2024

[@PInk77W1]

I can honestly say I’m $0.00 in debt. House paid off Large bank account And I’m a high school drop out

[@Ms.MD7]

Nice, now that's the true American dream.

[@PInk77W1]

@@Ms.MD7 yeah I’m pretty blessed

[@NisYT]

@@PInk77W1you worked hard great job!

[@Justmeeeee813]

You rock! Respect!

[@tyrecarmon20]

Goals!

[@jimmylegs06]

Dave Ramsey has the greatest job security in human history

[@nchen09]

Facts 😂

[@da11king]

Right ✅️ 🤓 He s a genius

[@rollingdudes8859]

He is worth $200 million!!! If I were him, I would QUIT HIS JOB and move to HAWAII!!!

[@mistypeters7506]

Married couple late 50's. Mortgage and consumer debt free! I wish people could feel how great it feels!! Thanks Dave!

[@benclark1376]

My wife and I just have the house left to pay off. I just turned 39 and my wife is 37. It's been a long road to get here but we aren't stopping until the job is done. I'm encouraged by your post. Thanks.

[@teenahweenah2608]

I became debt free in 2017. It feels GREAT!

[@jairizquierdo9912]

I am getting there. I hope to be debt free in 9 months but I can feel it right now

[@HowDo-YouDo]

​@@teenahweenah2608us too! It feels WONDERFUL!

[@user-sp4rh1ne3n]

Thanks Dave for your show and wisdom. I started listening 4 years ago, at the age of 58. I lived my whole life with debt and just thought that was normal. We are now debt free and on track to pay off our house in 5 years which is when we are both 67 and can get social security. I am soooo happy. Now a stress free retirement is in our future. Totally thanks to following your baby steps! We will not be millionaires because we started too late, but we are way better off than if we didn't do the baby steps.

[@Chris-ee5xg]

good for you

[@benrb287]

“They own you’re butt and you gave them the deed!” That was hilarious😂

[@daveblackman816]

I love having zero credit card debt.

[@PhilipMarcYT]

Yes, but do you own anything valuable? That's important for your future. Prepare for the future than be like freeloaders around.

[@tracym8952]

Do you have 0 credit card debt while still having credit cards.

[@aliceserafin7613]

I have zero credit card debt and peace of mind!

[@excripto1]

In the future I could see individuals having $1 trillion in credit card debt

[@lot2196]

I own my home, cars, motorcycles all outright.

[@jedimaster12100]

I just paid off my credit card last month. I never want to be in credit card debt again.

[@SMetz-cw6qj]

Congratulations!

[@deb9806]

But if you pay it off monthly or when you get home as I did at times, you can be debt free and get points. It is "free" money if you don't pay a yearly fee.

[@jedimaster12100]

@@deb9806 true but in my case it game from lack of discipline. So that wouldn't work for me.

[@Dmooney777]

Debit cards do not have the same fraud protection as credit cards. I’m a living example, someone cloned my daughters debit card, added it google pay and stole $3,000 (emptied the checking account). Chase bank denied the fraud claim and said they can’t prove the transactions weren’t my daughter. Basically, called us liars and to go pound sand. Use credit cards and pay off the statement balance every month, be disciplined, treat the credit just like your debit card/cash.

[@galileogalilei6173]

Exactly!! But Dave will never mention this. Using a debit card in this day and age is just asking for trouble. Everything is online and easy to steal. No way! I’ll always use a credit card for what I need. Since I have the cash to back all of my purchases theres no issue.

[@jrus690]

Yah I get you but many are funding the lifestyle with the minimum monthly payment concept.

[@moneymattersforeverybody]

I had fraud on my debit card and the bank fixed it. Sounds like an issue with Chase. We also have fraud insurance.

[@deb9806]

I agree, my coworker lost 5000, got behind in rent and was crying. Not back in minutes like my credit card, it took reports, paperwork and time to get the whole thing back.

[@deb9806]

@@galileogalilei6173 The gas station is the worst place to use debit. They hack them a lot. I'm secure with my 500.00 limit amazon card. I get points and pay it off weekly if needed.

[@ericorellana629]

I just finished paying off my debts this week! Paid off 186k in 4 years. Thanks Dave! Couldn't have done this without your guidance 🙏

[@TMHF]

Is this why they started sending me stainless steel credit cards? So that we can't cut them up with scissors?

[@Fear58]

More likely a PsyOp attempt to justify the $699/yr annual fee.

[@seadragon1456]

The metal cards are “luxury” 🤣 the materialistic adults that work at the stores are all about what card people have. The metal card supposedly get you better treatment too. LOL

[@chelly2468]

This really made me LOL, thanks 🙌🏼😂😂

[@huskydeal]

46 years old and Thankfully, I am not part of that trillion pool anymore. No credit card debt, mortgage paid off, no car loan but still damn hard to keep up with this inflation and prices so high everywhere. No idea how people can survive with any kind of loan today. Wish the best for everyone.

[@seadragon1456]

29 with 3 kiddos and zero debt! Hubs and I paid off our 30 year mortgage 21 years early -this year! Feels good to be able to breathe.

[@Tashas_Travels]

Congratulations and cheers to that. 🎉🎉🎉

[@moneymattersforeverybody]

That’s amazing!!! Congratulations 🎉

[@Kariberri208]

Wow, that’s impressive for your age.

[@thecapone45]

That’s awesome.

[@bradg.5253]

Credit cards are great IF you know how to use them. I put everything on the cards and pay them completely off 7 days before the due date. I have not paid interest on credit cards in over 20 years. I love my cash back and airline miles. Also, there are restaurants, stores, and even certain Walmarts that no longer accepts cash…that is dangerous for people that do not have financial discipline.

[@mkrisch1986]

I’m the same and love my points with Amex for free travel. Thanks to the dumb Americans for my free trips from American Express. Without stupid non credit card users we wouldn’t enjoy the free trips with our points.

[@rollingdudes8859]

The DEBIT card is the way to go!!! I only use DEBIT cards!!! Don't have the money in the bank = CARD DECLINED!!! Great way to stay disciplined!!!

[@douglassmith9445]

If you watch the money guy show, I believe they say that 90% of millionaires in the USA actually use credit cards. Now if only Dave Ramsey was more realistic in his approach instead of the old school scare tactics towards them 100% of the time. I know I’ve personally earned about 1000 dollars in the past 3 years using credit cards without paying any interest whatsoever, and all from purchasing only necessities or things I would’ve already purchased within my budget and still maxing out all my retirement accounts. Most millionaires do this and yet Dave just keeps preaching the opposite. It drives me nuts not gonna lie

[@ionicatoms]

I’m noticing more and more small businesses in Florida are charging a fee to pay with plastic.

[@jaymelee23]

Retailers/restaurants/service providers eat those "cash back rewards" though and then pass it on to everyone else with higher prices. There's no such thing as a free reward. Banks want you to use a credit card because they all make money off all of the transaction fees and people not paying them off before the payment is due (interest).

[@alitentif]

This message is to recognize your contribution to the team’s grant approval success. Your commitment had been exemplary and your hard working is an inspiration to everyone around you. You’re a professional MYSTICFLIP

[@kicshiakicshia1374]

Love Dave paid my student loans off listening to this man

[@SMetz-cw6qj]

Congratulations!

[@Astro95Media]

Same. I was about halfway done when the "Million dollar student debt" call came in that fall. I felt WAY better about where I stood and finished on 19 March 2020 (I know ... lol at the timing).

[@ketocajun7451]

Completely debt free, just bought a truck with cash. I sleep so well at night. FYI, I grew up poor but I changed my family tree. Work hard and be smart with money.

[@Jameson_Tronco]

Congrats! I’m 20 and I see everyone telling me to get a credit card so that I can buy a house one day. I’m kind of in a spilt because I Dave says not to but everyone says to get one so idk. I don’t really need it financially.

[@zachjones2346]

Poor people come out ahead all the time. There is no boogie man. The only boogie man is yourself. Good job!

[@donaldlyons17]

@@zachjones2346 Well many poor I know needed assistance to come out ok so there is a boogie man called limitation due to lack of funds. Nope that is totally a thing where income imposes limitations.

[@chris2ferUtoob]

This is 100 percent true. I have a friend who has $20,000, and she still goes on foreign vacations and buys clothes weekly from Nordstrom. I want to hit my head on the wall every time she whines to me about how she is broke and has debt. She acts like this consumption is as important as food and housing.

[@Dohair879]

We must have the same friend. Mine drives a Porsche and goes on multiple cruises a year.

[@andrewpagan]

Sounds like they aren't a credit card person. I have a credit limit of $80,000 between all my cards, and my utilization is 0%. I pay off all my balances in full every month and saving 30% of my income.

[@soapa4279]

We must have the same friend. Actually scratch that, she's my sister.

[@dachicagoan8185]

She has been indoctrinated

[@1CJ6]

​@@soapa4279All 3 of ya'll could maybe get together and do an emergency intervention on her. There's power in numbers. 😂😂😂

[@clarebear9263]

Because of Dave Ramsey I am debt free !!! And it feels so good. When people find out I’m debt free they look at me like I’m some alien lolol

[@Thurgor_Supreme]

LOL. It's the debt junkies who should be looked at as aliens. Blows my mind that anyone would finance anything other than a house. Why would you cripple yourself financially for crap you don't need??

[@normalisoverrated]

Happy for you. If people can't pay cash for something, the fact is, they just can't afford it!

[@LaviniaGrete]

My worries isn't about the market situation, my problem is that my trader(Larisa Fernanda) applies so much charge during my withdrawal, her strategy is quite cool but charging 25% of my profit isn't cool. Please someone should talk to her.

[@zugaslg]

you mean you have a professional trader who trade's for you and makes profit for you. and you pay her 20% and you take the remaining after every trade?

[@LaviniaGrete]

@@zugaslg yes exactly 💯 at least she should consider the fact that I have been working with her for more than a year now

[@zugaslg]

please how may I reach her so I can invest with her even if she charges me 30%/40% and I take the remaining i will be okay as long as I get my money and profit back.

[@modikcatie]

@@LaviniaGrete i think you should learn how to be thankful.i started trading with Mrs Larisa Fernanda since march with a thousand bucks and since the there have been a great turn up

[@blackworldtraveler3711]

Scam thread

[@Outlaw653]

I’m 36, debt free and on track to have my house paid for in two years. Thank you Dave Ramsey for keeping me on the right financial path. If you’re still working then we’re coming up to Tennessee to do the debt free scream. 🎉

[@daver7929]

Technically not debt free yet

[@Outlaw653]

@@daver7929 Thanks for the encouragement.

[@Sk8rkid1515]

​@daver7929 he said in two years.. when he is fully debt free. Also, I think a lot of the debt free screams don't include remaining mortgage debt

[@Investormillard]

I’ll come do the people stole over $1 million from me scream! And no justice ever!

[@mehmetcansavran]

This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the Mysticflip on the internet movement when I say ancestral your a gift to our people

[@aybukeyaldizz]

As a Retired combat Marine I want to tell you that as what you are doing is just as important as any warrior on the battlefield. You are waging warfare against these criminals and terrorists on the digital battlefield. You are defending and protecting the most vulnerable of our society against these predators. Keep up the good work MYSTICFLIP on the internet

[@alexeatsLV]

Full disclosure: I use credit cards but pay in full (sorry Dave!). I used to recommend to younger family members/friends that they do the same, but I've seen far too many quickly build up debt and get in trouble. So I no longer recommend credit cards for most people.

[@Itsadarkworld34]

I remember Dave saying in 1 of his shows here that he does the same 🤷🤣

[@cjhoward409]

We do the same. One card, pay it off every month. 😊

[@harrisonwintergreen1147]

Been at least a decade since Dave cut cards live on air. Classic Dave is back 🤜

[@Erikkurilla01]

That's fantastic! Your potential appears to be enduring. It is always wise to diversify your income streams and create a well-thought-out plan as a means of preparing for unforeseen circumstances and ensuring the growth and longevity of wealth. I have been investing for 11 years, and I am extremely satisfied with the choices I have made. The encouraging news is that it is never too late to start on this path.

[@jessicasquire]

Congratulations! I share your fascination with investing. As a single dad, I understand the challenges of balancing various responsibilities. It's disheartening that you haven't seen any profits from your investments in different sectors. It's possible that you may be overlooking some crucial factors. Have you considered seeking guidance or advice from a financial professional? They can offer valuable insights and help you identify any areas where adjustments or improvements may be needed.

[@Erikkurilla01]

@@jessicasquire While there may be opportunities in the market, it is crucial not to dive in blindly. To gain a comprehensive understanding of the factors that can contribute to your financial growth, I strongly recommend seeking the assistance of a professional. Personally, I invest with *STEPHANIE KOPP MEEKS* , a renowned consultant. A quick internet search using her name will provide you with relevant information and convenient ways to get in touch with her.

[@jessicasquire]

@@Erikkurilla01 I am thrilled to have this opportunity, and I am delighted to share that I have discovered the professional's website. I have wasted no time and have already contacted her by sending a message.

[@patrickbrussels4454]

The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires, I'm surprised you know her too . Stephanie is Good!

[@ae-holo5972]

Once upon a time I did use credit cards to buy groceries, not junk. That moment in my life was hard and it did change. Living paycheck to paycheck is incredibly stressful. I’m thankfully not in that scenario anymore. I know that Dave hates Student Loans, but a small student loan changed my life for the better, so circumstance matter.

[@safeandeffectivelol]

Same here with the student loan. I took on about $30K, but I'm making $250K now because of it. I probably could have made it with $15K, but I admit I had some fun between semesters.

[@deb9806]

He had the money to send his kids to college but depending on major, it can benefit. Fluffy majors if not rich can be painful later.

[@introvertdude99]

I’m just paying for college as I go on a budget . Plus my company has tuition reimbursement

[@hachithepitsky5577]

"Don't give them the deed to your butt." - Dave Ramsey

[@kimjones1007]

😂😂

[@Primitive_Code]

Them credit card companies are over there busting cheeks.

[@da11king]

😂😂😂😂😂 funny one Dave

[@kellyfine6855]

No debt here. Paid of our 8 year old home this year and retired at 42. Thanks Dave for all your financial logic and advise.

[@Polo22546]

👏🏾👏🏾👏🏾

[@Charlie-gv3zt]

What profession are you in?

[@sidney3016]

How does a retired 42 year old spend their time? Just curious

[@stevegolacks8731]

I am on a free trip as we speak from my credit card points! Thanks Chase. And an additional thank you to the people (FOOLS) who actually PAY interest to credit card companies.....going on 36 years of using my credit card for all purchases....total interest paid to date= $0.00

[@LuckyLong589]

Reasonable adults like you don’t exist according to Dave.

[@da11king]

The point is income. You are not just a great cc manager, you have the income to back it up. Most of America is struggling between life styles and cost of living.

[@stevegolacks8731]

@@da11king , Agree!! Credit cards act as FREE monthly loans to people who understand finance, while acting as a ball and chain to people dont.

[@alinatamashevich3354]

@@stevegolacks8731 There are NO free lunches. When a CC shows up at my business, I put your cash back in my pocket. But you are winning!

[@GunGlutton]

Credit cards are great as long as you pay them off instantly

[@MarkYeung1]

And make sure you don't use it to pay for things you can't afford anyway.

[@jjrob2738]

So roughly 350,000,000 people are a trillion dollars in credit card debt and most of them have anxiety over it...and the 535 people at any given time in our congress have ran up 36+ trillion in debt and continue to run up more and could care less... This is why I'm grateful for finding Dave Ramsey several years ago and getting my economic house in order. Thank you, sir...

[@genesisalvaradomelgoza2628]

I hate those dinosaurs 😡

[@Jbig1430]

They run up 36 Trillion in debt but its all spent on other countries, war, provide housing and food for people running from the war. Yet when the people who live in America want help its a big no. We can't cancel some of the student loan debt and make changes to colleges to prevent this from happening again, yet we can run up the bill for all things outside the country and for the pockets of the congress members.

[@danieldpa8484]

Dave is always correct preaching common sense. Thank you!

[@nerdinside8242]

I had over $241,000 in credit card debt. I’m debt free except for my mortgage by means of a ch7, and I’m looking forward to paying my home off early and never being in debt again. No more debt!

[@MonkeyShoe]

241000? Dang I thought my 10k 5 years ago was bad. 😂😂😂

[@seagirl1100]

Love Dave and Rachel! Dynamic Duo!

[@lombardo141]

I just found out that his daughter lol. I was wondering why she is the only one on the show who seems to match Daves intensity.

[@timelbrecht9562]

I don’t have credit card debt but I think in a lot of cases people are putting necessities on their cards. We are headed for a heap of trouble

[@del5924]

Same here.

[@joesmith3590]

Yeah that is Dave point. The avergae American think Netflix and Starbucks are necessities. I got my home paid for a live more frugal then 90% of under 30.

[@rnt45t1]

Yeah it's food these days.

[@PInk77W1]

Food banks are free

[@TheLucky17]

I agree

[@ratdog213]

Credit cards are working very well for me - put everything on a Chase Sapphire card and used the points to pay for a family vacation. I guess the difference is that I pay it off every month without fail.

[@bryanwhite3021]

Same with my capital one. Sent to Hawaii and next to Italy 1st class. Didn't spend anything I wasn't already going to spend

[@tyrecarmon20]

Amex guy here. Paid for my plane ticket for next week lol

[@Leftists_are_Losers]

They sold their soul to the devil … and the devil wears a bankers’ suit.

[@tyrecarmon20]

Damn that's a good statement

[@danspuller3331]

Dave is livid

[@mistertornado2303]

I use my credit card (and I have just 1) exactly as a debit card. I know exactly how much money is in the checking account and exactly how much I'm spending on the card. Avoid debt and reap the card benefits at the same time.

[@drew8979]

I do the exact same thing and it's gotten me an 820 credit score. But I agree with Dave that the vast majority of people cannot handle credit cards responsibly just like most people cannot handle alcohol responsibly.

[@Phantom121904]

Yep, all it takes is living on a budget. When money is spent out of a particular category (ex groceries), move the money from the grocery budget to the credit card bill.

[@Anthonyspeaks91]

What benefits?

[@Phantom121904]

@@Anthonyspeaks91 Depends on the credit card of course, but in our case we get cash back. Yeah, its not much (certainly not enough to "change my life" as Dave would say), but enough to pay for a date night for my wife and I a few times a year.

[@billwilliams699]

Exactly. It would be interesting to know what percent of this debt is getting paid in full every month

[@benclark1376]

So proud and relieved that myself and my family are not a part of this debt.

[@jefferykeeper9034]

The problem is that the hotel don't take cash and the airline don't want it also.

[@cutehumor]

I love getting credit card rewards and having zero debt

[@HOLDXSTEEL]

But everyone says that yet there’s still a trillion dollars in debt 🧐

[@Jumperman12mac]

​@@HOLDXSTEELagree, that's a liar

[@cutehumor]

@@HOLDXSTEEL I get my rewards because people are lazy and don’t want to pay off their debt. Not my problem!!

[@cutehumor]

@@Jumperman12mac I have 825 credit score and everyday millionaire. Save 50 percent of my gross income and max my pretax 401k, Roth ira, and HSA every year. My wife maxes her accounts too. Don’t hate the playa hate the game!!

[@boldsign]

I have credit cards. 1. I always pay them off on time. 2. I only use them for essential expenses, not frivolous goods. 3. I also get cash rewards using mine. 4. I'm nowhere in thousands of dollars in debt. 5. There are no annual fees on my cards. I understand where Dave is coming from but I use credit cards responsibly. I would just say not everyone should have a credit card.

[@annetawney2408]

Same. As long as you are budgeting and keeping your spending within your set limits, they can be useful. But many people can't handle the responsibility.

[@hoorayimhelping3978]

The cash rewards you're getting are the credit card company giving you money that you already paid in credit card fees back to you, but without interest that you would have earned in a savings or brokerage account. It's like saying "I get money from my tax returns," without realizing that the government is giving your money back to you because they took too much out of your paycheck, and if you'd kept the money, you would have more because you could have invested it or collected interest on it in a savings account.

[@mattgalindo2695]

You do realize the majority of cash back cards do not have an annual fee right? And as long as you pay off the balance in full every month you are literally paying the credit card company nothing. I.e. it's 100% free money. Not to mention, I get to keep my money in a high yield saving account for the full month until I have to pay off my credit card, so I'm also earning interest on that money as well.

[@bennettmckay1244]

@@hoorayimhelping3978 My understanding is that the majority of merchants charge cash customers the same price. There are some exceptions like some gas stations give you $0.10 off per gallon if you buy with debit, but the majority of the time using a credit card is the only way to get some of that money back.

[@chnlng00]

@@hoorayimhelping3978 Not every purchase charges a fee to the card holder. A lot of their money is coming from the people who are financially irresponsible. What is the point of bringing up putting money away in an account that earns interest when talking about spending money on necessities? I'm sure these people are putting money away and have enough that they are able to pay back their cards in full every month.

[@drokhalis3338]

Me: *puts 60$ worth of gas in my car with a credit card. Dave: “YOU’RE IN DEBT!”

[@geomydude5112]

I definitely agree to Dave’s reasoning, Americans in general are financial dummies. Whether you are rich, poor, right wing or left wing; stop using credit cards (AKA borrowing money from the bank). The only people who can have a credit card are responsible individuals who can pay off all their debts every month; no interest, good credit, and bank rewards. Simple.

[@deb9806]

He can't say that about the people buying his books and programs so he blames the card.

[@Georgemorales5559]

My truck broke down this morning I’m at the Mechanic at this moment having an emergency fund to either fix or buy another used truck if I have to it’s so great 🙂😎

[@MattyVice]

Nothing is more American than taking on more debt while having absurds amount of existing debt

[@Ms.MD7]

Like my friend who traded his car to a more expensive truck because in his words, his excuse was "I wasn't qualified for a bigger house so I just financed a truck" 😂😂😂 this is the same person who's always crying about money woes too sigh I don't understand

[@blackworldtraveler3711]

That’s why I invested in Visa and Mastercard over 14 years ago. I spend cash with my credit cards and get cash points with zero debt and fees.

[@GabrielGarcia-bl9yw]

MURIKKKA

[@MattyVice]

@@blackworldtraveler3711 same

[@vickieclark5931]

@@Ms.MD7 Like a girl that I work with. She is always struggling to pay her bills but she makes sure she gets her Starbucks everyday. SMH

[@dreamingofskyrim]

3 credit cards. I never carry a balance. Never purchase anything you cant pay right off as soon as the charge shows up. 25% interest is insanity

[@brianparrett114]

Included in that $1 Trillion are the balances that get paid off, including business accounts and high end cards like AMEX Black. Not everybody who has and uses credit cards carries a balance.

[@LorettaNance]

Once I realized how much interest I was paying, I was done! No more credit card debt for me.

[@deb9806]

There are ways not to pay interest. I have in the past paid it before it was due (Am Exp used to insist on it) or took interest free cards to buy a couch or table and paid it off before the year ended.

[@elizabethfarmer4148]

This is an AWESOME rant!! So true and it made my day! Haha 😂😂

[@DB57RB]

Debt free for a decade now, the peace it brings can't be bought with any stupid item, vacation, car.

[@JasonCarmichael]

Everybody that NEEDS to hear this will never HEAR or SEE this.

[@joshuam4921]

You know it’s serious when Dave has to use props 😂😂

[@elkhunter3382]

Dave I have paid about $25 in credit card interest in 30 years. I use the card to buy most household stuff, there are some of us who pay the credit cards off every month. I don't want to walk around with a lot of cash in my pocket, credit cards are convenient to order stuff. Yes It's stuff I need and can't easily get locally and save money by ordering it. Yes in general credit cards are bad for most folks, not everyone.

[@Turbotrigga]

What happens when you NEVER carry a balance? Shouldn’t we use the rewards to our benefit in this case?

[@rebelvelocity6271]

“Don’t give them the deed to your butt” is the greatest phrase ever uttered on this show.

[@nicholasmartinez6043]

The Ramsey show is the best show for showing people how to get out of credit card debt. With that said, this show is like putting a garden hose on the forest fire of American credit card debt

[@KittyKat-vb1nd]

That used to be common sense and budgeting which people did for generations but now it's a revelation.

[@chatbass2468]

True, but Dave is responsible for putting out little fires around the globe . Those he's helped are glad for that.

[@powerofshah3]

Love the rants! Dave can we please get one a week?

[@MTtroutfisher406]

The US $1 Trillion Debt Trifecta - Credit cards, car loans and huge mortgages. They are paralyzing their lives. So foolish.

[@Cqqyy54]

"Daniel Boone left the house without a credit card" 😂

[@Chele-nm4qx]

As a business we do a lot of online buying. The risk of online is safer with a credit card. I can see the charges as I make them (they notify & require my approval) before the charge goes thru. No debit card around here does that & someone can clean me out & then I have to wait days before the bank gets everything straightened out- no thanks! I don't have time for that mess in my life. I pay the balance off every month & I have no other loans, so I enjoy the cash back every month & I don't feel bad at all for getting that perk. It's not my fault others carry a balance- that's their own fault.

[@tduck828]

Exactly!!! The protections on credit are way better than debit. I buy a lot online and I also REFUSE to use a debit card. I'm in banking and see it everyday. Nope nope nopem

[@timothyknoles976]

Same here. I use my cc to facilitate the transaction, not to fiance it. I like David, but he needs to come up with a better argument other than it's stupid. It's only stupid if you don't pay it off every month.

[@mikezerker6925]

Yes debt free! I keep one CC that I use to pay for EVERYTHING - monthly bills, even church donations… but pay it off every month and incurred $0 in interest… and enjoy all the reward perks!

[@chrisfrederic2514]

Notice Dave never mentions that 90% of millionaires use credit cards

[@formula112967]

If he told people that wealthy people use credit cards, then everyone would think it is ok to use credit cards. Dave is a numbers guy, and he knows how much debt the average person has and how irresponsible people are with debt, so he does his best to get people not to use credit cards....it's hard to argue with a self-made multi millionaire about money. I know Dave doesn't tell us everything, and it's for our own good. My dad was a self-made multi millionaire and I never argued with him about money.

[@chrisfrederic2514]

@@formula112967 that might be but at least he could be honest about it it seems manipulative to me I believe honesty and openness is the best way to have a relationship not phrasing things in a way that paints it in the best light for narrative sake

[@Investormillard]

I just defaulted on $150k in credit cards. House cars fully paid off. $250k in student loans growing towards $500k once we have kids & they turn 18!

[@stephenjames3722]

35% of cardholders say they always pay their credit card balance in full every month

[@ginamcneal4435]

Being debt free has changed my life ! Don't have to work ... I do because I want to. Not being a slave to consumerism is life changing. This country is in big trouble......all this debt is going to drown people. Glad it's not me.

[@yusufcan5932]

Honestly, we need more people like you MYSTICFLIP if we had an army of people like you, we could stamp out these total loss in no time. I love that you are helping the victims, too it's ultra gratifying when you are to save people in real time like you do thanks 🙏🏻 for getting ours approved

[@Sinisterniinja]

I have 15 credit cards with no debt on any of them, I pay off at the end of the month and I think I am just fine, Dave Ramsey isn’t always right but for majority of American he is right. I thoroughly enjoy credit cards and using them to my advantage

[@sgonged]

Paid off $115,000 over 2 years by working Uber eats, side work, raise and a BUDGET. Now debt free with a net positive cash flow on my way to investment phase. Dave is 100% right. Please listen to him.

[@eddiekulp1241]

I use to owe 6,700 in credit card debt . Now it's only for ordering Amazon and minor things . Never more than 300 .

[@jacksonsplace9754]

You tell'em Dave! His message is having no credit card enables spending control.

[@sanauj15]

You can have a credit card and still have self control.

[@siva47931]

How Dave thinks of Credit Cards is how we Canadians think about guns. While some will use the "it's just a tool" argument, other will say just having it around is dangerous.

[@alinatamashevich3354]

@@sanauj15 What is the point of that?

[@alinatamashevich3354]

@@siva47931 But a host of these clowns "think" debt is a tool, only they are fools.

[@sanauj15]

@@alinatamashevich3354 Discounts on all your purchases. Lower interest rates and insurance cost on installment loans. There are a bunch of benefits to credit cards if you use them responsibly.

[@johnnyappleman7159]

Ramsey won't be able to cut my Amex gold because it's metal tee-hee

[@BuiltNutritionFitness]

And my Sapphire Reserve 😂😂

[@rayb6852]

Chainsaw

[@fernsmora]

Some places don’t accept cash anymore

[@amyjones8613]

Not a bit is mine, thank goodness. I'm debt free. I wish you all to be debt free too 😊

[@mannyjeanpierre4062]

This show wont last without Dave. Rachel is too nice and wants people to feel good

[@Sheryl777]

@mannyjeanpierre4062 👍

[@neilsmith9066]

Rachel is a Nepo Baby

[@amireallythatgrumpy6508]

You sound like the people who said in 1992 that this show won't last.

[@Splenda2021]

Dave thank you for wanting us to live our best lives debt free you do look out for us

[@nealp885]

I’ve never paid any interest on my credit card or bought anything I otherwise wouldn’t. Always pay the whole thing every month.

[@cedricnicholson7446]

I have a secured cc that gives me cash back on gas, restaurants and retail stores. I substitute it for my debit for the cash back. I just transfer money from checking on to it. The only way I can get more money on it is if I put more cash on it. So it’s basically using cash to purchase items but with the incentives. This is the best way to book hotels, car rentals without using debt.

[@ChesterMan-qd3xj]

We’ve been taking credit card points for 10+ years, and have paid zero interest paying it off monthly. If you have the discipline to do that, I don’t see the harm in it. We spent $1,700 on a vacation this year, and applied $900 in points towards it. Pretty good return on purchases we make anyway.

[@HOLDXSTEEL]

But everyone says that on here so I don’t believe most of these comments 😂

[@robloxvids2233]

​​@@HOLDXSTEELSome of us are on BS 4-7 bruh. If you've got a full efund reserve there is literally no risk to charging and paying off monthly. I like collecting $1,000 at the end of the year Christmastime. I've got a 44k efund. You think I'm scared to charge 4k/mo and pay it off? Those charges would be coming directly out of my checking account otherwise. I'm literally just moving money around to make money. It's a time arbitrage.

[@ChesterMan-qd3xj]

@@HOLDXSTEEL if they are lying about it, then they do have credit card delusions.

[@libertarian4323]

@@HOLDXSTEEL I've been doing the same for 39-years. Never paid a penny in interest or fees, and am now a multimillionaire. I'm not rare- lots of people do the same.

[@HOLDXSTEEL]

@@libertarian4323 again I don’t believe most of these comments

[@Jack-kj1zu]

With how expensive things are nowadays Rachel is right about some people using them for necessities because wages aren't keeping up. Dave thinks people only buy things they dont need on credit cards when most people have no money at the end of the month

[@AlphaShadowSphere]

Dave is facts based, Rachel is trying to tap into the feelings. Notice she said that, "Credit cards are necessary, to maintain the current lifestyle." Which is true but Dave isn't playing, it might be necessary for the things you want, not for the things you need. It's only going to hurt people in the long run. 5/10/15 years down the road these people will be complaining but take no responsibility for their actions.

[@SnifferSock]

You don't get 15k into cc debt with a decent job by spending $400/mo on food.

[@ghostbird92]

I like how she tends to have more empathy about some people's situations.

[@ebonylo.]

​@@ghostbird92good cop bad cop, don't be fooled

[@da11king]

So says the multi millionaire Dave Ramsey. Rachel is right ✅️ not all people use credit cards on unnecessary expenses. People just trying to live their lives, buying enough necessities without governmental help[ebt, snap, etc..] Cost of living, inflation, getting puny raises from work, things are not that simple to just eliminate credit cards

[@jkellyid]

I have a cc. I don't carry a balance. I am 12 grand from killing the mortgage. Thanks for your influence in my life.

[@1983jcheat]

Credit cards became like crack. Post 1990, people lost their damn minds. 😂

[@timknotts4752]

Happy to say that none of that is mine. The only debt that I have is my car payment and the balance is down to 1800.00 I will have it paid for by the end of the year and then I will be debt FREE!! I can't thank you enough Dave!!

[@DDoubleU8001]

It's silly to paint everyone who uses credit cards with the same brush. I use no-annual-fee credit cards for every possible purchase. I always pay the full balance every month. I have never paid a single cent in interest or any credit card fee in 30 years. I earn $150 - $200 in cashback each year. Not a huge amount but better than nothing, which is what I'd earn if I were to pay cash for everything.

[@spazzman90]

He's a broadcaster trying to teach folks in real trouble econ 101. Responsible credit card use is advanced, and you really have to master your finances well before you start playing with the fire that is the credit card game.

[@DDoubleU8001]

Agreed, but... Why does he NEVER EVER say it's perfectly fine and even makes sense to use credit cards when: 1. You don't pay any fees to own the credit card. 2. You always pay the full balance each month. 3. You don't buy anything just to get points or cashback that you wouldn't otherwise buy. This has to apply to at least 10 or 20 percent of the population (but I'm just guessing). For these people, why forgo a few hundred free dollars each year? But if his audience is assumed to be exclusively the other 80 or 90 percent, then his advice makes sense.

[@KatieBellino]

@@DDoubleU8001 I agree with you, but I also think Dave doesn't like the morality of a business making money off of people who fall victim to the CC trap. Likewise, he doesn't like the idea of responsible consumers benefitting from a business model designed to prey on weak people.

[@donaldlyons17]

@@KatieBellino Well yeah, the money the responsible get does have to be coming in part from those who are paying high interest loans.

[@countdown2xstacy]

Wow! 1 trillion in credit card debt ?? That’s a major problem.

[@bog6106]

Never had a credit card before and never will. I have 0 debt as I watch the greatest debt bubble in history about to pop. Its a bitter sweet feeling

[@kdaltex]

Meanwhile government debt is 4 times that yearly

[@nathanbarnhill8960]

Was in line the other day behind an older couple probably in their late 50s at Avis. They had some emergency and needed to rent a car to drive to Georgia. They had their debit card, they had cash, assured the girl working the desk that they enough in their bank account to cover the cost of the rental. Guess what? They could not rent a car, because Avis's policy was you needed a credit card to rent a vehicle. Not sure what happened after they left, but Dave is so out of touch on so many things, a lot of places require a credit card just to do business with them.

[@donaldlyons17]

Yeah well should be obvious a credit card is needed to do stuff but I feel people like Dave and some of his employees can just buy newer cars and do't have to travel all the time so they don't have to use a credit card. None of Dave's thinking makes sense on credit cards.

[@Seldz1]

Been using my credit card for years- never paid interest and made thousands in cash

[@youtubename816]

I love it when he curses us out! 😂

[@jbirdx07]

Get em Dave!!!!! I'm working on the baby steps now. Got rid of two credit cards, paid of my SUV, I have $4,000 in student debt that is about to go bye-bye. I got one card left and then it is attack the mortgage. I've had my house for only 1.5 years and I have already paid down $7k on the principle so once these pesky bills are gone I'm gonna beat that thing down till its gone. Just following the steps and seeing the progress that has been made has put so much peace in my life, now I'm just anxious. A good kind of anxious, like come on! I want to be done with the crap so I can start REALLY saving and making money!

[@formula112967]

You are on the right track! I bought my house 8 years ago on a 30 year loan and decided I didn't want to pay 30 years on it, so I have been making double principal payments since my first payment. I started making triple payments since January.....I have paid $20k in regular due payments but have paid $35k in extra payments.....4 or 5 years left.

[@lisabanks7742]

I know someone who purchased a 650sqt house for $450k ( a house is a tear down house-very poor condition). Anyway, they have been working on the house since they purchased it. It’s such an old house that things are breaking one after another-total nightmare more than a blessing. They live above they means by dining out on a regular basis and paying $300 in interest on credit card debts. They had to borrow mom & pop to make mortgage payment for some months. It’s shocking that there are a lot people out there making poor decisions.

[@Shaolin91z]

If they're happy...it shouldn't be anything to you ☺️

[@Deadgod91]

@@Shaolin91z They won't be happy much longer if they continue making poor financial decisions.

[@lisabanks7742]

How can they be happy if they borrow money from both sides of their parents?

[@Shaolin91z]

@@Deadgod91 hmm..... What's it to you. Lol 😂. You don't even know which she's talking about 🤟

[@Investormillard]

Unsecured debt is only way to go besides austerity which is best! If you have secured debt tied to house or car be prepared to lose it soon if you don’t have substantial savings outside of banks much greater than the debt!

[@ryanyoung9202]

2:54 - 🎯 THAT IS THE REASON WE ARE HERE, the way we THINK we should be LIVING

[@Nick-tt2rh]

You’ve moved the needle in this household. Nearly debt free and on the steady path to wealth, thanks to your advice and basic truths. Keep fighting the good fight 👍

[@elizabethashton9590]

Debt free here; have been debt free since mid-80s.