Dave Ramsey responds to younger workers pushing back on his advice: 'Whiners'

Ramsey Solutions founder and CEO Dave Ramsey discusses how Americans can prepare financially for retirement on ‘The Bottom Line.’
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[@Chopsuey087]

I thought debt was a normal part of life until I started listening to Dave Ramsey. I paid off all my debt and now the thought of having any debt at all makes me sick.

[@TyWerks]

Even household debt?

[@Chopsuey087]

@TyWerks still have a mortgage unfortunately but I pay extra on it every month to get it paid off faster.

[@DorothyM45]

Good for you 💪 that’s awesome !

[@whyooter1]

@@Chopsuey087well done! In the same position here.

[@awilliam1]

I can't imagine having debt especially in today's economy where everything is so unaffordable.

[@blind_luck_]

9-5 money gives you fuel for the fire. Use it to buy cash-flowing assets that put money in your pocket every month. The predictable 9-5 income will allow you the freedom to explore different investment opportunities and see what works for you. Don't underestimate a salary.

[@AntagonisticAsian]

And don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!

[@TylerofSc004]

I'm disabled and eager to work, but doctors won't allow it. I inherited $200,000, held by my sister in a bank. It's not earning interest, which seems unfair. I want to explore options for it- (stock market investing).

[@Doracox22]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@TylerofSc004]

'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@Doracox22]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@markp3594]

Started listening to Dave probably 25yrs ago. People can’t believe I haven’t had a car payment since. Debt free Everyday Millionaire.

[@user-vx7vi3vq1c]

Same. A group of my friends asked me for investment advice. I answered them, “start 28 years ago.”

[@OneWildTurkey]

No car payment and no mortgage payment.

[@bpaffasbp]

Happy for you!! Keep it going everyday🎉

[@Overlord277]

Hell yeah man. I just have the house left to pay off and 6 months of emergency. Hoping to be a millionaire in 10 years.

[@lionheart93]

networth?

[@peterjurgens4466]

Started listening to Dave 20 years ago and I had $2,000 to my name and now 60 years old with no credit card debt, no car payment and $1,000,000 liquid. Own a duplex out right and house almost paid for worth $500,000. At 65 will retire with approximately $3,000,000. You need to listen to Dave and discipline is key.

[@jay2004r]

That’s awesome!! Did you have any credit card debt when you first started listening to Dave Ramsey ?

[@peterjurgens4466]

@@jay2004r around $7,000

[@sitka49]

Brother did the similar thing and retired at 64 and died of lung cancer at 68. ( Never smoked) so there's that.

[@bangladeshirealtor]

3 million is nothing at 60 years old in 2024 with healthcare costs and taxes in the US , i had a 3 million dollar net worth by 28 doing the opposite of his plan . By using LEVERAGE and not relying on a company /retirement plan that control your financial future & livelihood . but i am happy for you that it worked out to your standards . It’s just not very realistic with today ‘s income rates /expenses.

[@jay2004r]

@@bangladeshirealtordid you do real estate ?

[@Starkham]

Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 11k in last year 2023.

[@Bryansantos-6]

Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius !

[@Bryansantos-6]

I'm 45 and have been looking for ways to be successful?

[@Starkham]

Haven’t you heard of mrs. Amelia Jason’s ?!

[@Starkham]

She has this skill of making complex crypto concepts easy to understand and is truly commendable.

[@WilliamsJohn-01]

You know her too? I'm also a proud beneficiary of her super platform. They’re the biggest custodians.

[@markp3594]

I’ve told my kids for years, budgeting is about 8th grade math & maturity.

[@luisfernando5998]

U should tell ur kids to invest their pocket money and everything they have into bitcoin asap

[@ace9840]

@@luisfernando5998 The first things kids should know is the difference between money and currency.

[@Chicago48]

You have to start young saving for retirement. In your 20s. Not your 40s.

[@luisfernando5998]

@@ace9840 the first thing kids should know is the value of crypto currency and the worthlessness of fiat currencies like rupee

[@luisfernando5998]

@@Chicago48 yes investing in meme coins in ur 20s u will be multimillionaire by 30

[@Trignama1]

I was broke AF until I found Dave Ramsey. His advice is more practical, and to someone with absolutely no financial literacy his teachings were a God send. Thanks Dave!

[@Ap_twsh]

Yup the average person should follow Dave Ramsey

[@luisfernando5998]

U still broke

[@Trignama1]

@luisfernando5998 compared to a lot of people you are correct. I'm just less broke now than I was then.

[@luisfernando5998]

@@Trignama1 if u want to be rich invest in meme coins now !

[@whatjake7898]

He has good advice for the people that have zero idea what they are doing. Once you understand the basics of money this guy as the worst advice on the planet.

[@scottdunn1371]

Rocket Surgery was intentional. Lighten up folks!

[@armandoweckmann5699]

I paid off my mortgage and cars... by age 39. The best decision I ever made was to take Dave's advice! 😊

[@shells500tutubo]

I haven't had a car payment for over thirty years, and the first new car I bought in that time was in 2018 when I donated my twenty year old car to a non-profit for the tax deduction. I always bought my cars from the car sales division of Enterprise Rentals because I figured the cars had to be maintained and at that time the mileage was pretty low, under 50,000 often lower. I don't care about being flashy. A car takes you from point A to point B, and if it has the requisite safety features I'm good to go. I think the most ridiculous thing to see is a monster truck with al the bells and whistles getting probably 7 miles to the gallon with a pristine truck bed because nothing has ever been hauled in it or towed.

[@Bidenlost2020]

You don't say to yourself, "I'm so mad that I paid off my house"?

[@ronkonkoma4223]

Yeah you gotta live a really long time to get rich off of the Dave Ramsey method.

[@Bidenlost2020]

@@ronkonkoma4223 Slow and steady wins the race.

[@beeboodu1]

@@ronkonkoma4223 i mean he's not forcing you to do his method.

[@Frank-James]

I’ll never forget back in the 90’s, Paul Harvey said that the difference between a new BMW and a used Honda at age 25 is about $500,000 at retirement! Something clicked and I’m now retired with a pretty great life! Young folks need to listen to experience and learn from it! Dave’s plan works! I’m living proof!

[@luisfernando5998]

The difference between used Honda and using the bus instead to buy bitcoin means billions at retirement !

[@lizzieb6311]

@@luisfernando5998 You continue with your ridiculous innuendos

[@luisfernando5998]

@@lizzieb6311 I am a meme coin millionaire, I only want u to be a millionaire also

[@ej6587]

Everyone wants to be a young baller

[@luisfernando5998]

@@lizzieb6311 ok boomber

[@mtc5583]

Dave and company is changing lives across this great country.......These principles work! I am living proof of retiring with great wealth and dignity because I followed Dave for over 25 years and now we are living like no one else because in the past we lived like no one else THANK YOU DAVE RAMSEY!

[@aprillabrecque5759]

My husband started the Dave Ramsey plan a few years ago. We’re still paying off student loans, but having zero payments on credit cards, our cars, or any other consumer debt. Being on the same page, financially, having the same goals has been wonderful for our marriage, there is zero stress regarding spend what, and how much is spent. We regularly have a family members tell us we need to get newer or lower, mileage vehicles. They tell us that our vehicles are not “reliable”. Meanwhile, they are struggling to say before retirement or have zero retirement at all.

[@chriswessner220]

Thanks Dave. I started at 27 years of age. Paid off mortgage in 11 years. Maxed 401k and Roth. Now have 1.1 million in retirement accounts at age 50. Live below your means. Pay off debt. Time and discipline. And I inherited no money. First millionaire in my family

[@tarikviaer-mcclymont5762]

And its locked up in money jail

[@bcjammer87]

I agree with most of Dave’s advice. I’m 37 and have zero debt. No mortgage or car loans. However I still use credit cards for the rewards. Never missed a full balance payment every month. I know I’m the minority though, for some reason most people abuse them.

[@marlon5742]

This guy’s advice still works for people who live in small town America.

[@justinstewart3248]

It can work for everyone

[@kbanghart]

Yeah, that's why he's Republican, most of his audience is too.

[@rein3684]

His advice works for baby boomers like him

[@raymond_sycamore]

Not really. Only if you can find a woman in small town America WILLING to marry you and STAY in small town mindset.

[@chrisgeorgeortiz1981]

Worked for me. I live just outside of NYC, definitely not a small town. And I became a millionaire at age 40.

[@nicolasbenson009]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@ScottKindle-bk3hx]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@EddyAgnes-vy4kp]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@tatianastarcic]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Suleferdinand]

That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?

[@tatianastarcic]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@podawe8051]

I'm a millennial and a disciple of Dave's and for all those millennials who say Dave's system doesn't apply anymore are just lazy. I was broke AF and I starting following Dave and I changed my lifestyle, cut down on my expenses, invested in myself and now I have a great job with great pay and I'm rapidly getting out of debt. Most Millennials just want to make no changes and see instant results

[@grocerygoat06]

I call bs

[@Gman2002]

Dave Ramsey is the man. He changed my life in my early 30s when I listened to all his shows/rants on YT and I am debt free except for mortgage. His baby steps were a life saver.

[@grocerygoat06]

Bot

[@Gman2002]

@@grocerygoat06 nope try again

[@cm-nj]

Only my own observation, but it seems young people don't want to say no to themselves.

[@brooke86]

I was $75,000 in debt from my car/line of credit and credit cards. I’ve paid it all off and saved like crazy. Now I don’t have to work as many hours and can enjoy doing more things that I love. Short term sacrifice for long term gain 👌🏻😎

[@patmichael8519]

My parents had a comfortable (not wealthy) retirement. There were no 401Ks then. My mother was a stay-at-home mom. They had SS, my dad's pension and their savings. They had nowhere near $1 million. They were never in any financial difficulty because they didn't blow their money on things they didn't need. If they did need something, they saved for it first. I'm 70 now and following their example.

[@whyooter1]

49 years young today 5/18/24. Close to a 2 million net worth. Super thankful for Dave in my ear for the past 20 years. Plan is to retire at 60 with many more millions at that time!! Gonna live and give with a monster smile on my face!!

[@republicunited2183]

A starter 1k is a great beginning, better than nothing. And I listen and love the Ramsey & associated shows.

[@RalphMalone-mw1qo]

Us older people call it champagne taste Kool-Aid pocketbook😂😂😂😂😂

[@davidb2206]

Water. Zero calories. The rest is fake, with artificial sweeteners and preservatives. 99% of the wines/champagne has SULFITES in them! No, thanks.

[@jh26pt2]

As Arnold Schwarzenegger said - you can have results or excuses, but not both. Plenty of us out here are doing very well in this supposedly “unfair” or “structurally broken” system.

[@firstlast8258]

Speak for yourself 🤓 🖕

[@jh26pt2]

@@firstlast8258 I was! Enjoy your excuses; hope they get you where you want to go.

[@specialagentorange4329]

@firstlast8258 loser

[@cm-nj]

results or excuses - love this!

[@TheNoticer83]

Our system *is* broken, but that doesn't mean there aren't winners in a broken system.

[@coreyburke3493]

8% is a dangerous amount to withdraw.... Both can be right. Wages haven't kept up with inflation or property values....so the younger generations have a point. At the same time people can complain about it or they can so the best they can given the current circumstances.

[@onenikkione]

The only issue I have is "go find a good used car for $1000". Today it's more like $8000, unless you are lucky and have an elderly relative that is selling their car to you. Everything else, yes follow his advice.

[@Will-jg2zs]

That is complete lie lol you can a find good solid, Japanese car for like $2000 and under on Facebook Marketplace. People who use excuse after excuse will always find a way to excuse themselves out of being financially discipline with their money.

[@15KHPCLUB]

@@Will-jg2zs Yeah those $2k cars are out there They just don’t run or have a title 😂

[@mistamaog]

​@@15KHPCLUBEspecially because nowadays there's fewer people doing their own maintenance on their cars, and there's more shops doing subpar jobs with people's cars.

[@Gawernator]

@@Will-jg2zsnah, maybe 5k you can get an ok car but more like 7-8k for anything decent

[@Will-jg2zs]

@@Gawernator Wrong. Refer to my original statement lol

[@kbanghart]

Dave Ramsey on Fox News, well that figures😂

[@roberttamm131]

True. Democrats get everything for free and don't have to worry about debt lol

[@Sarmoon1.1]

According to Dave Ramsey always he says to pay off your debts first saving a basic $1,000 emergency fund. And people are thousands of dollars in credit card debt right now.

[@kyos8462]

Highschool stadium custodian. No inheritance. Home paid off in 12 years, classic car, SUV, modern car, wife 2 kids 2 cats a dog. Crazy how investing 2 years of tax returns pays off an keeps paying. People generally have no self control nickel an dime nic nacs. I save 700 a month currently, 200 goes to stocks or money markets. Patience is key. If you don't need the money keep it away from your wallet. Again I clean up after kids, I'm 38. No college no trade.

[@greg2865]

@@kyos8462 Keep up the good work! That first year that your investments make more than you do at work is thrilling. Then it is a snowball from there. We are close to retirement and one thing I am worried about is living too far below our means. We need to loosen up some while we are healthy enough to enjoy it.😄 I am very happy for you and others that deserve the good things that they have coming. God bless you.

[@neldahamilton1811]

​​@@kyos8462 I love it so true....no nic nacs and to much stuffitis..

[@Will-jg2zs]

@@kyos8462 Well done!! More people should hear your story on how living below your means and investing wisely into good solid investments can help them dramatically in the future.

[@barbarafallin2038]

I save my social security and live off of my pension, because I am debt free, what a good feeling

[@MichaelMiller-bs3tz]

Hard to save money when the barest of expenses outpace your wages.

[@aaronproctor1736]

Than get a better paying job or get 2 or 3. This isn't going to happen with people sitting on their hands.

[@Santaheckler]

You’re excuses won’t get you results. Move to one of those 20 amazing countries and raise your standard of living by working less! Enjoy! 🌭

[@NotKimiRaikkonen]

​@@melgonz2087so your solution to a problem is "its not fair, it shouldn't be this way"? How about quit trying to change the rules of the game and learn to play it? Cause that's your only option.

[@grocerygoat06]

@@aaronproctor1736 Be a wage slave, bro. Work 4 jobs. How about 5? Your boss needs his 6th yacht and forgot how many kids he has.

[@judebutler535]

I love Dave and have followed his principles for 8 years. I now have no debt, a paid for house and my retirement contributions and savings have increased. I plan to retire in 2 years at the age of 55. So thanks Dave.

[@jerrylundegaard2592]

Hopefully you leaned much from Timeshare Exit Company.

[@shells500tutubo]

The under 40 crowd is always the same, whether in 1964, 1984, 2024. Most young people move out from their average income parents' home and expect to immediately live at their parents comfort level that it took their parents thirty years to achieve. It seems nothing changes.

[@Zzero2001]

100% nailed it! Thank you for this.

[@brettweary8491]

Absolutely Dave it Can be Done my Whole Family Did it The Weary Family of Perth Western Australia

[@awilliam1]

I'm 32, debt free other than our home, and still drive beater cars. Currently putting almost $2,000/month into my retirement. Got millionaire goals 😎

[@princessl.d.g.]

I'm a 25-year-old college student and completely agree with Ramesy’s methodology. I love to live frugally and intentionally. These habits will serve me well when I get my job.

[@Simply_Simian]

Dave is for people with discipline, modesty, and a realistic understanding of the world who can follow through with a plan even when they want to spoil themselves or live beyond their means.

[@dipsuny]

It’s My Papa Dave! You need to give him his own show! Hes the founding father for many of us millennials along with Trump🙏🇺🇸❤️.. I am an immigrant ex-Army and my wife is a southerner who came from nothing..our only help and support is Dave!❤✝️🙏🇺🇸 Debt free, million net since 2021 no inheritance ever!

[@thatonedude3461]

I just started listening to Dave about 5 months ago after my wife and I bought our first home. We have started to follow his budget plan and so far its working really good for us.

[@Will-jg2zs]

Good for you! His plan is solid, follow it exactly, play the long ball and you and your spouse will easily end up with several millions of dollars at retirement.

[@MyFunSizeBudget]

Paid off debt and still debt free since 2016. No cc debt, no student loans, no car payment.. only mortgage

[@blueTY6]

Thank You Mr Ramsey for changing my life even though I wasn't born Wealthy and Rich instead Low Income his advice will change your life

[@dname1802]

Dave Ramsey is out of touch of today's realities. Median home price in US is 420K. Increased 50% in couple of years. Not salaries 😊

[@grant8917]

Thank you Dave for your knowledge and expertise!

[@Jeguia85]

I hate participation trophies lol

[@chrisinthepsalms9832]

It works till you do not have a big enough shovel

[@aaronproctor1736]

Than go get a bigger shovel

[@rolandlymangrover754]

You need good income. Not just savings and investments. I think the young kids are right. They don't have the money to follow his advice.

[@proudmoon3]

He advises people with low incomes to work three jobs. I don't blame them for not wanting to follow that advice!😅

[@trdhue8121]

Rocket surgery! Lmao 😅

[@lelandfranklin3487]

Notice the hosts didn't get the joke...😂

[@luisfernando5998]

Is that in Uranus ?

[@trdhue8121]

Lol Yes, the host didn't get the joke and kept a straight face.I almost thought Dave Ramsey made a mistake.But then I was looking at the smirk on dave's face and realize he did it he said it on purpose

[@rv6205]

its a joke for people with 120 plus IQ ....IE ..Brain Science

[@user-vx7vi3vq1c]

I read the comments. Why are so many haters and pessimists watching a Fox News Dave Ramsey video if they disagree with him?

[@SubutaiKai]

Anyone else catch em saying...Rocket Surgery 😂😂😂. I caught you Ramsey.

[@rv6205]

most average iq people would not.. get it...its reserved for 120 plus ....Brain Science , Rocket Surgery

[@deeroyel3144]

And Republicans wonder why the younger generation don't vote for them

[@Will-jg2zs]

This man spoke nothing but facts and you think he was wrong? LOL wtf

[@AmeriGlobal]

@@Will-jg2zs Ramsey is an old boomer living in his own bubble world. Wage growth matters. Housing has gone up at insane levels in the last 15 years or so.

[@sanniepstein4835]

Open borders, war, corruption, and wild inflation is better?

[@Will-jg2zs]

@@AmeriGlobal LOL I just saw this. Mf if your wage is stagnant that just means you are too. It doesn't matter who is in office, this is America, you can win regardless of who is our leader at the moment. Housing will always go up, stop whining. Nobody is saying to pay for a home out right in cash, even though that is the best thing. If you can't come up with 20% of a down payment then you need to, get out of consumer debt, stop vacationing, stop going out to eat, find a better job/career and use an actual budget and I promise in 1.5-3 yrs you will have more than a 20% down payment on whatever home you want Then you can go back to vacationing/eating out/whatever. But, instead, you (or other complainers) won't do that and will instead whine and say things aren't "fair." I am probably younger than you too and I know all of this is possible LOL

[@AmeriGlobal]

@@Will-jg2zs Those that want to pay a stagant wage can do their own work. My wife and i run a business together and we always move our prices up with inflation like any other business.

[@summerjoy247]

Great answer Dave. I will admit that I struggled to do his plan in 2 short years but I eventually made it to Baby Step 4! I’ve heard a number of younger gens say he’s tone deaf but the bottom line is that his plan works no matter how much you don’t like it lol

[@georgeorwell3501]

Dave is awesome other than predicting crashes in the markets or housing. His advice other than that is second to none.

[@davidb2206]

Agree. The one thing he is wrong about is "house prices always go up." I personally had one that went down. He should check out condos in Jacksonville, FL, right now.

[@rethinkcps2116]

@@davidb2206 - 🎯

[@ryansmith2845]

Well said Dave!

[@johnouellet4099]

Dave’s plan is not bad, just a bit out of date… “Sell your car and buy $1000 car” “ Save $1000 for an emergency fund that’ll get you out of any jam” “ You don’t need a credit card to build credit”… This advice isn’t the problem with it is that you can’t find $1000 car these days that runs, The $1,000 car from 20 years ago is now $8,000. $1000 emergency fund Is not even close to enough, And you do need a credit card to build credit these days. If you don’t get one responsibly, you will never be able to get a loan for a house. Also start investing way earlier than he tells you to trust me on this one you regret it if you don’t

[@Will-jg2zs]

Dave's plan has helped millions, even today. With the way you are talking, you will make excuses all day long for why you can't win with your money. Facebook marketplace you can find a great $1000-3000 Japanese car. Americans living on credit is what got this country in so much debt in the first place too, what are you even saying LOL

[@coolasbeans]

His advice is great for everyday people just trying to get to the other side. Love dave. ❤️

[@andrewdingwall6806]

God I love Dave. Didn’t bite with the questions! Clear and concise , straight to the point. Run for government Dave!

[@themuscovyducks]

The owners of the federal reserve bank are privately behind the scenes influencing the movement we have been seeing since the mid-1950s. Creation of the credit (debt) system and encouraging financing a college degree instead of going to work. An intelligent parent will live a proper lifestyle and teach their children the no-debt principles. The argument from certain entrepreneurs of "use debt" and "own" nothing in your name is part of the problem. That is not something which is attainable or actually usable for 99.9% of the population. Yes we need business owners to do their own thing, but the economy only properly functions when it's primary buyers (those with normal jobs) are able to actually do so. Not a society of finance and pay back later.

[@richardroblesjr1856]

He's not wrong just outdated

[@charlesbroderick5030]

Who has enough money to save ??? Majority of Americans are living paycheck to paycheck

[@deadcell1]

An majority of Americans live beyond their means. They can save it's just they don't want to reduce their standard of living to do it.

[@charlesbroderick5030]

@@deadcell1 most Americans live paycheck to paycheck because of inflation through the roof

[@deadcell1]

@@charlesbroderick5030 I know a neighbor who drives a brand new BMW and orders out 4 days a week and claims he is unable to save money. There are tons of Americans who are like him. If they reduce their standard of living they can save.

[@charlesbroderick5030]

@@deadcell1 people making $100,000 a year are still struggling

[@brotherbig4651]

@@charlesbroderick5030This is because these people making 100k but want a 200k life style. Stop going on expensive vacation twice a year, stop eating out, stop ordering delivery, cook at home. If any of them do this they won’t have the problem of saving money.

[@DekeRadio]

THIS is why Dave Ramsey is so great! Younger people don't like him because they were raised by parents who wanted to be their kid's friend, and not their parents. Dave isn't trying to be anyone's friend, he's trying to help them get out of debt and there's no better coach for that than D.R.

[@derrickjohnston8477]

My favorite part of his plan is outright buying a "$1000" car. Obviously he has no idea what cars go for now. You wont find anything remotely reliable for less than 7k. Then theres the whole saving thing, almost 50% of all jobs pay a low wage. Inflation is sky high. What exactly is there to save?

[@j.hooper6749]

Just wanted to note...did she say "on the Tik Tok"? 😂😂😂

[@MCC1591]

This is 100% accurate my biggest regret was buying a brand new Camaro at 18 years old but it taught me you can’t have it all you have to work and be deciplined for many years to actually spend money I’m 32 now homeowner in Orange County California

[@Jdeeeeezy174]

I love this man.

[@RideRedRacer]

I listen to Dave almost every day. He has changed my life. Living debt free is the most amazing feeling. I can actually sleep at night

[@OneWildTurkey]

"... it really isn't rocket surgery." And Dagen was reading her next topic. swoosh!

[@lelandfranklin3487]

Hosts ask questions...but interviewers LISTEN and ask questions. There's the difference.

[@davidvanfleet2724]

Love Dave Ramsey. God bless him.

[@jerrylundegaard2592]

If your God blesses a charlatan like Ramsey, find another God.

[@user-xz2tv7gi5d]

Few know it’s not an amount of money you need to retire, its assets.

[@sjmom5119]

i do not blame them that they are whining unable to afford a home on a 100k salary a year is unacceptable.

[@bucknut9475]

8% withdrawal rate is nuts

[@I_Died_2_Weeks_Ago]

Yeah... He doubled the 4% rule 😂

[@PotBanginEejit]

Dave’s philosophy was really relevant at a particular time. He thinks it still works.

[@patriot925]

How is it irrelevant?

[@PotBanginEejit]

@@patriot925 Dave’s “baby steps” philosophy served many people well. It worked in an economy of its time. The changing landscape, however, has changed the dynamic. Dave is somewhat resistant to this fact. It’s like telling people to “just save” during a famine.

[@projecteli_]

A big problem is people think saving means your broke and don’t have the money for it but will take out a loan or use a CC to get or do what they want. Think ahead and save!

[@davidbrooks8809]

100%😊

[@mtguitar5150]

If I made 30-40 million in a time share scam, I would feel pretty good financially too

[@markp3594]

If you look at Dave’s research on Millionaires - one of the top professions for becoming a millionaire was being a Teacher!

[@firstlast8258]

The numbers don't lie but liars use numbers 🤓 🖕

[@republicunited2183]

Yep followed by engineers.

[@MarxCards1]

You include Congress in that equation?

[@KayFabe87]

Easy to do with a lifetime, taxpayer funded pension and health insurance.

[@Will-jg2zs]

@@KayFabe87 Don't be a victim. The reason why teachers are ranked #3 on the millionaire list because of their ability to follow a plan and follow through. Engineer was #1, Accountant was #2. All three of those professions know how to build a plan, and follow through to the very end. Teachers notoriously make a low income on average compared to other incomes because they are taxpayer funded.

[@jasondespain1]

You can’t generate 80,000 from 1 million. That’s an 8% spend rate which is way too high for asset distribution.

[@Frank-James]

Nonsense. I’m getting over 12% a year and have been living quite well since I retired at 56. I have no need to touch the principle so that will be left for someone else to enjoy. Keep denying facts and work til you die. Your choice.

[@leeroyjenkins3677]

8 percent is delusional long term

[@divingduck9]

@@Frank-Jameswhat is ur 'principal' invested in thats bringing 12%apr? i retired at 50something too, but only my real estate's appreciating at that rate. shopping around...

[@Frank-James]

@@divingduck9 Federal Employee TSP. C fund over the last 10 years is 12.96 avg. my fund mirrors the S and P. So a simple S and P fund would be very similar. Since 1988 this fund averages over 11%. Since last April it’s up 29.84% so to that clown who thinks 1,000,000 can’t support an 80k lifestyle, that’s 300K per one million in the fund just over the last 12 months. I’m guessing he will die broke and full of negativity. And unfulfilled dreams.

[@Frank-James]

@@divingduck9 I typed a response but it seems to have disappeared. Ok…Here we go again! I am in a federal Thrift Savings Plan. similar to a 401. The C fund mirrors the S&P 500 and averages 12.96% over the last ten years. 11.03 since inception in 1988 and 29.84 in the last year. Sooooo, to that clown who said $1,000,000 couldn’t support an $80,000 lifestyle, you clearly have no clue. A simple S&P fund would have generated nearly $300,000 per $1,000,000 in the last year alone.

[@karebear326]

I am turning 30 and found Dave Ramsey this year, i agree completely with him about money. It isn’t hard. Dont spend money you don’t have, live on less than you make, your income is yours so save and invest your money, don’t give it away to debt.

[@jaimerivera2545]

The amount of advice Dave has given to many trough the years. Just unbelievable.

[@ozzie7783]

I stopped listening to this clown when he said he wouldn't take a loan with 0% interest. The biggest problem is he benefits so much from poor people. The advice he is giving is basic and the different funds he pushes is wow what a surprise funds he has bought and still holds. Seriously people the best way to get ahead and become financially independent is to educate yourselves on buying stocks/investing in companies with good ROI and moderate risk. Remember Dave Ramsey has interests as well and at times it looks to me like he benefits more from you than you do from him.

[@Will-jg2zs]

You sound like you are a broke victim LOL relax dude, Dave has made more millionaires than anyone you know. How tf is telling people to "live on less than you make and be debt free and consistently in your 401k" someone who takes advantage of other people🤡🤡🤡

[@joefunk76]

An 8% withdrawal rate is way too aggressive. That might work for someone 80+, but not for someone in their 60’s let alone 50’s who might need their money to last for up to 40 years. Dave is irresponsible telling people this figure.

[@Will-jg2zs]

You don't know the history of the US stock market then. 12% is just an average of the stock market. If you invest with a good quality investment pro with a heart of a teacher they can get you over 12% easy. 8% is actually low, he tells ppl that your rate of return can be 10%

[@Olivia-2019]

I’m 26, I have followed his principles and just crossed over $100,000 for my net worth (and I never made six figures😊). My biggest leg up was my parents followed him and I don’t have any student debt because of that It’s simple math and understanding how to tell yourself no sometimes

[@Will-jg2zs]

Well done lad. Now find yourself a career that you absolutely love and can make a lot of money doing it and you will be a multi millionaire in no time at all.

[@griso107]

Papa dave…genuine legend 💪

[@grtjr71]

Rocket surgery ??? We should take financial advise form someone who said that?

[@davidbrooks8809]

You do know he was joking

[@prplestiky]

I was looking for this comment and you didn't fail me. @grtjr71 it's a joke dude lol

[@nathanbeechey980]

I live with my parents and have a masters degree not fine arts make 80 k a year. The price of everything including housing even after adjusted for inflation is way up compared to his day.

[@MAhole617]

Young people in the US should not save. Family court, IRS, or a judgement could come against you and then you gave up your life for nothing. If you have no assets you have more freedom of speech and freedom to behave the way you like.

[@MAhole617]

I didn't even get into that government programs will give you more if you have less.

[@seanforeman1457]

You can do it... you just have to consistently work, live below your means, and invest. For those that don't want to work at being financially independent... they can just keep working.

[@jaybabcock4557]

I did not invest into Mut Funds but good solid stocks, some real estate, gold and silver for back up and CDs Annuity's and have a 2.5 million nest egg for retirement. More than one way to get there.

[@TheCrossStitchGuy]

Everything is paid off except for the mortgage. I cannot wait for the day when that will be gone. Once that is gone I'll be living comfortably!

[@thewewguy8t88]

I love how the the news anchor calls tik tok "the tik tok"

[@notanomad9320]

My wife and I lived the Ramsey lifestyle before it was a thing, in fact that's what a lot of people did in my generation and now we're doing just fine. The point is is to save and invest, you may never become a millionaire but you'll be better off then expecting the government to take care of you.

[@Jeeps4evaandeva]

I didn’t follow Dave Ramsey to the T (I.e paid off high interest rate card first, bought a home with debt, contributed to 401K even when I had debt, etc). Paid off home at 40 years old, $317K saved in 401K/IRA, debt free!

[@mauriciosueros599]

So is Dave really suggesting an 8% withdrawal rate? I guess he doesn’t believe in the 4% rule? What research supports a safe withdrawal rate of 8% when the market makes 8-10 % plus you gotta take inflation in to account?

[@rafaelcolorado9437]

💯

[@davidb2206]

DEBT-FREE for years, including my house and land! Dave's baby steps plan works at any age. If you are not familiar, get the Financial Peace book and start watching the M-F show every day before work or after work. Personally I believe people are stupid to have a car payment. No way in hell would I ever do that again. I've had NONE for decades.

[@LoveLife-oo9cz]

People are stupid to have a car payment with high interest. Where do you think the money coming from with barely an adult and no inheritance. Worst is they have irresponsible parents.

[@lindaforetia8624]

At age 38, the only debt i owe is my mortgage.

[@garagehobbies]

I respect a lot of Dave's views but 8% crazy. 4% - 5% max. Most everything else I agree with. I'm no expert but I've done a ton of research. I'd love to believe the 8% would work but the data says no. I guess it depends on your risk tolerance but going back to work at 80 doesn't appeal to me.

[@mikebertsch8747]

Rocket surgery sounds wild

[@noahhamilton1026]

Gen z didn’t get to retire so it doesn’t make since to save for it 😂😂😂

[@chrisk4053]

The issue isn’t the cutting lifestyle. The issue is the 8 percent Dave keeps referring to

[@JasRog1026]

My 8 year old daughter every time we go to the corner liquor store, daddy whats my budget? $10? Teach them little

[@Will-jg2zs]

that is so wholesome lol

[@davidcarp5935]

They were whiners to start and clearly don't listen. Hence no one hires them.

[@michaelswami]

Giving a platform to someone who tells you you can live on 8%. Why didn’t anyone even ask him how he can come to that conclusion? Hard hitting journalism.

[@Will-jg2zs]

Because if you have studied the stock market you would realized that 8% is incredibly doable. The stock market from April 2023 to April 2024 is up 23%, literally, just Google "S&P 500" and you will see the year to date, 1 yr, 5 yr and max results of the S&P, which is the stock market. I love how you are so infatuated with "8% on your money"