Are You Making These 3 Common Financial Mistakes?

More from Rachael Ray: bit.ly/2dYuEc9
Financial expert and author Dave Ramsey, who is known for advising legions of followers on how to get out of debt, is here to help you stay on track through the budget-busting holiday season.
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[@zachallen8653]

Awesome to see him on this show! Jumped into Dave's plan 2 years ago and about to pay my 5th student loan off this Friday and should be debt free by summer 2017!

[@mollynoneofurbuisness3099]

Zach Allen how did it go?

[@AnnaBlooms]

How cool!! That's amazing!

[@ImOldandSoAreMyBooks]

Zach Allen Congrats! Are you debt free now?

[@breakless1]

way to go zach!

[@barrelisca3144]

Started his plan in 2014. Paid off all debts 23 months later. Cashflowed a wedding for a year. Now in 2018, just two paychecks shy of completing baby step 3! It works if you put the effort in it.

[@stephaniejane306]

Barr Elisca that's amazing congratulations on your success!

[@SingleAutismMother]

Financial Peace University changed my life. Still reaping the benefits.

[@natjuj894]

Valerie J. Yelk what would they have someone who doesn't have any kids it a home do once in babystep #4.5.6? Do we just skip it or make believe we have a house n kid and put that money in savings?

[@GwenMotoGirl]

Love this. 10 months into Dave's plan to become debt free and using Every Dollar as our compass.

[@karenfiala581]

He is hilarious. Glad to see him on your show. We have been working his baby steps to pay off debt. It gives you a clear plan to focus on.

[@SimpleFull]

I love Dave Ramsey's plan! We have followed his principles and should have our little house PAID OFF in 3 years! 🏠

[@shirleypetillo4832]

Simpl

[@Gregoman89]

Hi could you update us on how it is going? I’m also following the baby steps. My home Should be paid for in about 38 months from today.

[@AnnaBlooms]

That's awesome! Way to go!!

[@katrenashields2242]

I shop Goodwill and have saved a lot of money by doing that. I don't go out to eat. I walk or ride a bike to where i need to go. Every little bit helps.

[@JennyAdiers]

Dave Ramsey changed my life! God bless him!

[@TANQ31]

28 years old and doing alright. this man changed my life. thank you dave

[@BoriPR82]

love Dave because of his encouragement and and his teachings I was able to break out of my mental prison and increase my salary from $24k to $110k in just 2 years. thanks Dave

[@ImOldandSoAreMyBooks]

A Font That is amazing! What a testimonial you are, congrats!

[@breakless1]

congratulations buddy!

[@johnc1014]

The most expensive car I've ever bought was $2,995, after title/registration/fees/taxes/etc. I was blessed with a 2001 Civic with few problems. I recommend an old Civic, Accord, Corolla, or Camry. My Civic has about 178,000 miles. That's practically brand new. I'm confident I'll get that to around 300,000 minimum.

[@amandahaak5077]

I wish I had known Dave Ramsey in my early 20's before I made my money mistakes. Now I'm playing catch up. Car payments are killer because once you're underwater you are stuck for 5 years plus.

[@naomiking2442]

I love you Mr Ramsey! Thanks to the baby steps my husband and I will be mortgage free this fall! I'm so grateful that I learn this stuff early!

[@injapan33]

Love. Love. Love Dave Ramsey! Following his Baby Steps and having a monthly budget has changed my life !

[@Kaliposwife]

Love Dave Ramsey, he's taught the baby steps for 20 plus years and have helped millions of people get rid of debt and save for retirement!

[@DandelionGreens]

Loved seeing Dave on your show. His book truly changed our lives!

[@Ms-Jones]

love Rachel she's so relatable and love Dave's baby steps

[@adamwhite1025]

even though it American and some things not valid in the UK it help to give me a kick up the butt to get my life sorted

[@chrisgast]

I would skip on the step to save for my kids' college funds. Right now, I don't even have any. And even if I end up with one, I'm going to have my kid work for it like I did. He/she shouldn't take a loan out. If tuition is too high, then he shouldn't go. He should just grab a job and start working up.

[@selenamac]

Dave Ramsey!!! Preach it!!!! 🙌🙌🙌

[@reynelle87]

Love ya Dave Ramsey!!! You're truly a hero to all!!! TYJ for blessing this amazing man into our lives :) He has totally changed our financial future for the better

[@motoryzen]

38 people refuse to think 5 seconds in front of their SAKS fifth avenue credit cards and their iCrone X's. Grow up kids. It's called being an adult. Do it.

[@lynneaworley2710]

Uncle Dave is my Fave!!!

[@Bloquita5]

Dave Ramsey has changed my life for the better. Many of my friends also follow his plan. His plan makes a lot of sense and it's simple. You can start it regardless of your income and the amount of debt you may have. Many of us have been told to save money but Dave's method teaches you how and gives you a frame as to how to do it. I love listening to his show where many people call to tell their stories of how they became debt free and how they paid off their house. It's amazing. If you're not sure where to start, you can read his book titled Total Money Makeover.

[@BananaTime45]

Love Dave!!!

[@robinriggs4194]

Love Dave Ramsey

[@joshmatthew4125]

The budget is SO HARD! Its easy to track where the money goes but difficult to tell it where to go.

[@slymm619]

Dave is great!!!! Woohoo just finished reading his total money Makeover book.

[@earvase]

Unknown Jobber Specially on the Jobber paycheck.

[@parkpiao7406]

Dave Ramsey!!!

[@theslayologist]

So much wisdom on how to be wealthy!

[@allimarieRISING]

This is so cool! I did not click this video expecting to see Dave 💛💖

[@bradleymaravalli2851]

Dave Ramsey for Congress!

[@nut2611]

god.. 500 is the minimum payment per month for cars in malaysia. im moving to america can i

[@KTSpeedruns]

“Will be going to college soon...” wtf? Just assuming she’ll go to college or will need college to do what she wants to do. College is just another debt scam. Just paid off credit card and now I’m working on getting $1,000 in savings. A bit out of order, but is makes sense. I would use the app, but I’ve already set up a spreadsheet to work it all out for me. I’m pretty comfortable using this system and It has opened my eyes and my wife’s eyes to how much we were spending when we didn’t have to. We had so many things that needed to get bought and done that just got swept off to the sideline. Once we wrote them down, we got them all done, and now we feel like more of our money is free. Our savings doubled in one month.

[@mybudgetguide2817]

TU!!

[@MommysGot3]

Dave Ramsey😱

[@kevinoverholtzer3126]

200k house 843 for a 30 year or 1331 for a 15 year yea like that was a little difference in the payment that is a huge diff. but they did not factor in you would get a better rate for a 15 year but still waiting until you can afford a 15 year would probably keep you from ever buying a house.

[@JohnSebeny]

ive followed his plan for a while now... it WORKS! trying to get others to give it a shot is a challenge though. too stupid/lazy to try it i guess :/

[@watwat79]

Me too...paid off $61k of debt in 2.5 years. Tough, but it works and is so worth it. I really recommend his book Total Money Makeover, the audiobook is free on KZbin.

[@workingshlub8861]

i try to tell my friends and family but nobody wants to stop using credit cards and drive older cars...rather be in debt.

[@JohnSebeny]

working shlub sounds like my sister

[@FruityUnicorn17]

Yes to no car payment! I was blessed to have parents who bought me my first car and I'm so glad it wasn't from the dealer or else i'd be stuck with a car payment ... no thanks!!

[@BrokTheLoneWolf]

I'd love to see Grant Cardone confront Dave on housing plans. 😂

[@BabyBearRudy]

LMAO at Rachael Ray's laugh @ 4:52

[@Mr_CJ_rambo]

@ 7:26 she is flipping the Bird LOL

[@mohdkamil2596]

In my country nobody could afford a 15 year mortgage, its unheard of. We take 30 years or 35 years mortgage is what we do.

[@4LayersOfStrength]

[Generally speaking] I’ve always thought that “the mainstream media” have a way of making great information seem like something I don’t want to or shouldn’t follow - even when I’m already following “it”. The more DR speaks, the less #TheBabySteps becomes a “cuss-word” even to me!

[@outdoorsnevada4138]

Never heard of this guy until about 18 months ago. He has a lot of good pointers to help people financially. Don't agree with all the advice but its just advice. Take it or leave it.

[@Fazal828]

That man is funny!

[@outdoorsnevada4138]

Parents shouldn't have to fund their kids educations. They pay your way up through high school. It teaches them financial responsibility and forces them to make better decisions as they will have the debt to pay back. Many people pick stupid degrees that don't pay well and sadly their parents paid for it. Go to a trade school, get a good paying job, and you did it all yourself.

[@zacburdha8135]

wtf that's not a $10000 car LOL

[@guinevere626]

I am paying my own way through college.

[@fobbitguy]

Who ever said you have to pay for your daughter's college? She can go to community college and work her way through it.

[@lisapincott1414]

lol what's the ad...... loans

[@zoilacruz1843]

Rachael needs to invite Dave more often :)

[@emdat1828]

What the hell kind of hug was that?

[@weenisw]

$50,000 less paid on a 15 year but that's small compared to the opportunity cost forfeited. Plus a mortgage debt is an inflation hedge so you you're protected if inflation jumps up. Full disclosure: I have never had a mortgage.

[@ChrisMFlorida]

That makes no sense. Debt is not an inflation hedge.

[@kevinoverholtzer3126]

putting 20% down would be great but for most people that would take about 5 years to save 40k mean while home prices and interest rates are changing. I think Dave is out of touch.

[@pinthetailproductions4859]

kevin overholtzer so....how about you start saving and looking for a better job instead of being a professional victim.

[@warcamp70]

He's out of touch because his thinking is outdated.

[@Degga911]

kevin overholtzer or you're over reaching?

[@kenny3269]

Buy a house that you can afford and you can save 20%. If you can’t save that, don’t buy. His thinking is not outdated, it’s just different than what society tells us.

[@ChrisMFlorida]

I saved 20% and did it... and I'm single. It can be done. Maybe just begin with a "starter" home.. but wait that wouldn't be flashy and cool.

[@daveramsey1226]

I am rich so I don’t have to worry about money

[@user-sh2nr2gd7y]

Gavin Swilley I'm saying this daily. #PositiveAffirmation

[@daveramsey1226]

Just Be Yourself are you rich I am

[@ThePeterDislikeShow]

The problem with Dave's approach is that it doesn't work if everyone follows it, e.g., the people who make the nice cars and expensive clothes will be laid off. The real problem is our debt based money system.

[@ChrisMFlorida]

That makes no sense.

[@ChrisMFlorida]

So wait.. the lady in the audience is just now beginning to save for retirement in her 40's and now concerned about kids college. Give me a break. The kids will be fine.. let them work thru college. Oh and you should've started saving for retirement in your 20's.

[@BrokTheLoneWolf]

Middle class advice for middle class life. Tell me how that works in 20 years from now.

[@ChrisMFlorida]

What should we do in 20 years? Tell us.

[@to0muchlove]

Omg who is this man? Not Dave the hottie with the body

[@WaterspoutsOfTheDeep]

Rachael Ray into the occult and new age shit? The crystal necklace is weird as fuck.