Don't "YOLO" Your Life Away - Dave Ramsey Rant

[@reneer33]

“One definition of maturity is learning to delay pleasure” Yes.

[@sitka49]

Ask my brother that, worked 42 years retired, 3 years later died of lung cancer. and didn't live a full of life as he wished. too worried about making money!

[@F22C1]

@@sitka49 I don't get why people are so hellbent on saving. Have fun with your life before health issues seal your fate.

[@clarifyingquestions]

@@sitka49 but what if he had lived. somethings are out of our control. sounds like your brother lived and died with dignity. And saving 15 % of every cheque is not not living life to the fullest is is preparing you to live with dignity when you no longer can or want to work. It is not one or the other - living a full life or saving for retirement. sheesh

[@clarifyingquestions]

@@F22C1 Most people do both - save a mere smear 15 percent and live a fun and happy life. Let s not confuse that with Y.O.L.O. and end up with student loans, car loans and credit card debt and a time shovel. That does not sound like fun nor do any baby step 2 callers sound joyful and happily married.

[@lillians.4384]

@@sitka49 I’m sorry for your loss. This is why I tell ppl working fulltime for the rest of your life IS NOT everything. You can still get by working part time but you have to be able to curve your overhead (bills).

[@c103110a]

I saved my whole working life, retired 100% debt free with two pensions a 401K and an IRA at age 54 and now I'm in my YOLO years. Riding my dirt bike and wrenching on my hot rods. It was all worth it.

[@JB-kx9bx]

You are an inspiration. I won't have any pensions by my wife and I are early 30s and have $250,000 in our 401ks. Hoping to retire at 55. I want to open a garage and fix up old Jeep Wranglers in retirement.

[@justinacase2623]

Are you using gap cash till you turn 59 1/2?

[@JB-kx9bx]

@@justinacase2623 yeah thats going to be the tricky part we haven't started any retirement accounts outside a 401k will probably need to do that soon.

[@Sue-ec6un]

Sounds great! I’m happy for you!

[@neakor]

Really? You are so old. Don’t you wish you had enjoyed the things you enjoy now when you were younger?

[@bhenley2081]

Being rich won’t make you happy, but being poor with make you miserable!

[@kima2638]

Being wealthy gives you freedom

[@raymondcunanan1135]

True

[@ExNihiloComesNothing]

“A godly man leaves an inheritance for his children’s children”. It was this scripture that caused me to reevaluate my finances. I love my parents and they won’t be able to give me anything money wise. I will bless my kids and eventually theirs

[@cjhoward409]

None of our parents or grand parents had money when they died. But they Al had homes that the banks didn’t own. And after selling them, and splitting it with siblings, we were able to buy land and start building our own house with no debt 😊

[@JessicaHicks]

*YOLO* You only live once, but you also have to prepare for possibly living a very long time.

[@kyles.2029]

Well said!

[@InvestToLive]

100%

[@universe.trippin]

I see you, Jessica. 😉

[@JessicaHicks]

@@universe.trippin haha, hey beautiful! I love that we’re both out here getting this financial info. ☺️

[@universe.trippin]

@@JessicaHicks yes ma’am!

[@r.brooks5287]

My dad is old but in good health. We went together to do the funeral plan with the Co-op (he paid) we laughed, we made the lady from the coop laugh. When it happens, THAT'S what I will remember and will get me through, the laughter, and that he didn't want to leave the problems for us to deal with.

[@The.Dude.Abides.]

Money doesn’t buy happiness, but it does buy options in life.

[@EugeneTChu]

Money doesn't buy happiness...but the lack of it can contribute towards unhappiness

[@kennaevans1187]

@@EugeneTChu Amen!

[@inertiazero]

Yes it does TSLA 700 call options that expire next week. YOLO

[@amydoran9987]

Everything costs money.

[@aolvaar8792]

Money doesn’t buy happiness, But Rich people seldom starve to death.

[@natemullen5868]

Listen to Daves teachings and your life will be changed for the better

[@hittingtax2670]

That reminds me, he’s a financial Jesus!

[@virtuosowins]

A godly man leaves an inheritance for his children's children. I am not a Christian but those are great words. My grand dad and dad mom did. Well done.

[@drjonathanrama]

Our “YOLO” fund started after baby step 7. We put 5% of our extra now to YOLO and it just keeps accumulating. Man it’s so satisfying.

[@Neddie2k]

5%, that is a holiday very month.

[@ogPRAT]

Try 10% instead, did that for 4 years and saved about 13k paid off the rest of my car during this pandemic

[@chadjensen7248]

@@ogPRAT yeah but his 5% is at baby step 7. Way past paying off the car

[@ntombifuthidlamini3372]

Love the YOLO fund idea

[@drjonathanrama]

@@ogPRAT trust me 5% is MORE than enough 👌🏾

[@Cmimss]

I can only afford $100 a week to keep in my Savings, I don't have to save that $100, but I Love seeing that $400 Stack up! Better than nothing!

[@BurritoSenor]

Bro put it in a isa or etf or mutual, I put 500 a month into a isa and I worked it out in something like 20 years of doing it it turns into £574 000 and the amount I would of put in is like 145 000, its worth while

[@InvestToLive]

Heck yes! Good for you!

[@GrislyAtoms12]

@@BurritoSenor He needs to get an emergency fund first, though.

[@GrislyAtoms12]

Agree with you Cam, it's great seeing the cash stack growing bigger. I just spent $840 on car maintenance and repair, but with cash in the bank it doesn't hurt nearly as much.

[@stormblade1199]

@@GrislyAtoms12 Yup that's right. No payments leaves you with money. Money gives you options and the ability to overcome challenges. Stupid works when times are good, but when times are bad stupid proves itself to be STUPID. Stay on that track👍

[@Justmeeeee813]

“You can’t take it with you” is such a cop out. I always reply “No, but I can leave it for those I love”.

[@cardinal8268]

Back in the day. I opened scottrade accounts for my kids when they were in 4th and 6th grade. When relatives called about what they should do for Xmas and birthdays I told them to buy stock. I was tired of throwing expensive broken toys away. They did. My kids took interest in the stock market and when they started school they had enough to pay for the first 1.5 yrs.

[@reneer33]

Wow, love this. If I have kids I want to do the same thing.

[@InvestToLive]

well done and same here!

[@fishingangler4315]

For those who are wanting to do this, use a 529 or ESA account. Take advantage of the tax free growth.

[@sitka49]

sad thing is 40 years ago that would probably had paid for all there college (4 years depending were you went ), 1.5 better then nothing ,but boy that didn't go far, college is such ripoff .

[@InvestToLive]

@@fishingangler4315 great point!

[@AIrn6087]

The sword fighting he just described with his daughter is the memories that he will remember forever when he is gone... not the cool toy he got her

[@xdamarisx1]

💯 I don’t remember much of my childhood presents, but I sure do remember the play fights with dad and the countless silly moments with mom. Priceless advice I will surely take into account when/if I have kiddos.

[@anitaclue9868]

ABSOLUTELY!!!!!! ❤️

[@xdamarisx1]

@@anitaclue9868 😊

[@InvestToLive]

well said.

[@fmccloud]

I mean, with my uncle (who died from cancer) playing Super Nintendo when I was younger and computer games when I was older are the best memories I have. But I guess it’s just easier to judge and criticize people for buying cool toys instead of investing the money. 🤷‍♀️

[@lkj0822g]

Don't forget "the list". Every piece of property, every asset, every account, every insurance policy, every contact and what they do, every web site / username / password. Most important, don't forget to keep it up-to-date. Don't make your family have to sift through box after box after box trying to figure things out.

[@cryptoflippodcast]

*When i woke up this morning* I did not expect Dave to be talking about YOLO 😁😁

[@perreira831]

There's videos of him using the phrase Cray Cray..

[@cryptoflippodcast]

@perreira831 😂😂No way! I have to look for this

[@AlecDaStar]

All these videos are old I think

[@ChrisMFlorida]

This is a good one.. and yep, people have told me you can't take it with you. To me, it doesn't change me one way or the other. Just because I'm a saver doesn't mean I don't enjoy life. It's just easier to live life and have less stress and sleep better knowing I'm going to be okay financially. I've been there and seen in my own family of being broke. When my mother passed 20 years ago and was going to be cremated ($800 at the time) my father had to borrow money to do that. That was a wake up moment for me.

[@shannon2748]

I agree. You can live your life, yet still save. Everyone should save at least SOMETHING.

[@amandadean3948]

It’s almost always been my experience that people with YOLO type attitudes are broke and almost always live check to check.

[@josephinebournes8212]

Exactly

[@gala9593]

Exactly !!

[@vildachaya6462]

And they claim it’s not their fault

[@jdaza1987]

The best is when someone has a load of student loan debt, complain about it, and then stop at Starbucks in their bmw.

[@leadnsteel1428]

BMW = Broke My Wallet

[@buffymcmuffin5361]

And the student loan debt is for a major no one wants (or pays little).

[@antzantzantz]

Low mileage leased BMW

[@codorin]

@@antzantzantz because they cant afford to really drive that car too.

[@shannon2748]

Starbucks is utter and complete trash anyway. It's much better and cheaper to make your own coffee at home.

[@jundialhaqiqa9907]

I already have enough money saved up so that my funeral expenses will be covered once I die. I also have enough money saved that I can help out my family if any of them are struggling or needy of anything. The goal is to keep working hard and to leave generational income.

[@kima2638]

It s the goal of families but the governments goal is to get rid of generational wealth as it creates inequity they say. So make your plans correctly.

[@ModernSouthernBelle]

I wish more people thought like this. I often hear people say they don't want to have these conversations or make a will because they feel like it will "jinx" them. I've always thought this kind of thinking was ridiculous. We're all gonna die one day.

[@xyzsame4081]

AOC's family moved out of NYC, they were the wealthiest in their family and could afford a small house in a good neighbourhood. Her mother cleaned houses, her father was architect by training, but that did not seem to have translated to a high paying job. The house still had a mortgage after approx. 15 years. The moved there when Alexandria (I think she is the oldes) was not yet in school, probably so the kids could go to a good school. they could hold on to the house, but when the father died of cancer her mother (eventually) had to sell it. AOC moved back to help her mother, also with the handling of the estate, so at least they cold bide their time to get a good price for the home. She was in college (or just started) when her father got the diagnosis, but there was time. He had no will and probably shied away from making one, and his wife and kids did not urge him either, likely for fear of it being disresepctful and tempting fate. In New York state if there are assets but no will it is a nightmare, they have to settle that at a certain court, there are lawyers taking advantage of the situation (and it is set up that way) it is a hassle and it costs. More affluent families that move in circles of people that have made a will or have inherited do not get into that situation - there is alway some savvy lawyer or helpful relative with some experience in the matter that would take the wife aside or talk to the husband about settling their affairs - just in case. I think that is often going to hit immigrant families that are the first to accumulate some wealth. I assume it was a cultural taboo to get a will for the sick husband and his wife. Or the husband assumed the situation was clear anyway and knew his closest relatives (wife and 2 kids) would not fight over the inheritance. They didn't - but the bureaucraZy hit them. And lawyers made money of them, when that could have been settled easily if anyone would have dared to tackle the sensitive issue.

[@justinacase2623]

@Southern, we are born to die. Life is a sexually transmitted disease that is fatal.

[@drunclecookie216]

I'm not making a will, but I don't have kids either. my youngest niece (19 years old) thinks she's getting an inheritance from me and she's kind of annoying about it like I'm going to die tomorrow (I'm 43). I don't plan on leaving her a thing because honestly there's probably not going to be anything left by the time I die. When my grandparents died, I watched my entire family fight over an inheritance that basically was non-existent after doctor bills. My parents said they have a will, but it's just their wishes written on a piece of paper on how they want everything divided up between me and my sister... they never even had a lawyer involved in it and it's not legally binding. Also, my sister and I absolutely hate each other. I just wish my parents would blow it all before they die so nothing is left so I never have to deal with my sister again. Heck they're only in their 5th year of retirement and they've already blown half of their retirement travelling the world and building this ridiculously huge house in Florida.

[@Mehwhatevr]

no silly. Not having a will is what will jinx you. one day you're walking down the street: "I don't need a will, I'm going to live forever!" MANHOLE

[@drunclecookie216]

@@Mehwhatevr I don't have a will because there's no one I want to leave anything to, and I don't think there's going to be anything that'll be worth it to leave anyway.

[@flisfinance5680]

Legacy is everything! Save, give and be good a person!! Don’t make it a brutal expense for your family!

[@appleiphone69]

People don’t realize that saving and investing early and often in life is the key to building wealth. Delayed gratification is the key. I scrimped and saved to buy my first condo, and have a payment well below my means. It enabled me and my wife to save for buying a house which then increased in value in 7 years and then took the gain to buy a mansion and not be house poor. Drove paid off cars and never carried a CC balance or other debt.

[@anniesshenanigans3815]

YOLO was my life, until I woke up and realized it was not sustainable!!

[@MattLeFaitMusic]

I Love Dave's no BS attitude 🙂

[@djpuplex]

Work in hospice 95% of people are cremated due to finances. Almost no one nowadays get burried.

[@machintelligence]

Perhaps they are not willing to have their families robbed blind by the funeral industry. Price gouging and high pressure sales seem to be the norm.

[@leadnsteel1428]

I'll just get cremated anyway... I don't want to take up wasted space in a grave

[@honjokun0615]

Hi. I'm from a predominantly Buddhist country and out here, people are cremated unless one dies without kins, in which case one goes to a pauper's grave waiting to be claimed or for the day of mass cremation by charities. Quite an interesting contrast here.

[@LATQueens]

@@leadnsteel1428 Likewise.

[@dipsomaniac124]

I will be cremated. ☠️

[@GARNET-DAGGER-FF9]

You think 2020 would show people to stop YOLO but some people need to learn the hard way. I bet some people who didn't learn in 2008 didn't learn from 2020 either

[@Sexy40baby1]

Nope because they only think of themselves not the ones they are leaving behind.

[@costco_pizza]

@@Sexy40baby1 And now they are dependent on getting a $600 check from the government. What a sad existence. :(

[@issecret1]

I feel like after this ends people will be even worse with the YOLO mentality

[@burntblonde2925]

It’s one thing to be emotionally devastated from a death, it’s another to be emotionally and financially devastated!

[@dcamnc1]

Most all of my coworkers constantly chide me for being into financial stuff. They say "you could die tomorrow and it would be a waste". Consequently, they are broke; make 100k plus and can't even afford something a few hundred dollars. We got a raise recently and 75% went out and bought brand new vehicles even though quite a few have negative net worth. Different strokes as they say.

[@sophiagaoiran1153]

People judge harder when they don't understand. Had the same thing happen when someone told me I'm "too into" my finances as if I was being selfish for wanting to be financially responsible

[@jvolstad]

I'm 68-years-old, debt-free, and leaving most of my estate to charity. 👍

[@investorclarity]

I'm much younger, but I want to do this too.

[@dipsomaniac124]

YOLO is just an offshoot of the phrase from the 1980’s “ the one who dies with the most toys wins” mantra. The problem with these mantras is that you don’t die... you live... and you keep paying for this lifestyle into old age.

[@MrJimmy3459]

Most people don't realize your financial decisions effect your loved ones when you die, I've know people the opposite who pass away and leave a mortgage, CC debt, Car debt making if financially stressful for your loved ones.......

[@2-old-Forthischet]

I'm setting everything up so when it's my time, my son won't have a real difficult time with my estate. Life is for the living so I told my son just place my ashes in the ocean and forget a funeral. I'll be happy with that. When you're dead, you're dead and I don't think it's going to matter to the deceased.

[@HealthyWithAustin]

“Money doesn’t buy happiness. Money IS happiness.” - Jack Donaghy

[@moneybee]

*Delayed gratification* is so important!

[@burntblonde2925]

Sometimes it’s delayed for so long 😂

[@hepek69]

It's not always easy to do but you're 100% correct.

[@neakor]

Why? So you can be old and rich? What’s the point?

[@cancel.lgbtq.6892]

@@neakor The point is that you dont become burden to family and society. You should rethink about your goal in life.

[@neakor]

@@cancel.lgbtq.6892 why would I be a burden to my family or society just because I enjoy my money when I’m young and die broke?

[@Neddie2k]

I have witnessed enough Go Fund Me campaigns, not because folks were buying what they don’t need (maybe they were), but because folks had no plan, no life policy. The spouse left behind cannot grieve. If you are healthy, get a life insurance, from my experience, ones you get diagnosed with anything? No one wants to insure you. Which means you have to self insure.

[@oOAvatarFanOo]

A few years ago, when I was about 20 years old, my dad and I had a conversation about what would be when my parents suddenly would pass away. Then he went out of the house with me and showed me a corner outside of the house and said "do you see XYZ there?" And I said yes. He suddenly flicked my ear. I was like "ouch! Why did you do that?!" And he said "NOW you will always remember that moment and that place. Thats the place where you will go if something happens to both of us - you'll find everything you will need in there." And i truly will never forget this moment - I hope I won't have to go there in the next 40 years, but when it happens, I know what i've got to do and that makes me feel save.

[@jeanlenor1858]

My dad has got nothing to offer to his kids. He worked $10/hr his whole life and never learned a trade. It's very sad what he s done with his life. Now, he s retired but he still needs to work. I changed this around for myself. I dropped out of college because I didn't want to end up like him. With God's help, I will retire next year at just 36 with enough cash flows for me and my family.

[@jeanlenor1858]

@@HermannTheGreat Ubereats delivery and rental properties. I m currently renovating an 8 unit apartment building. Once it's done, I m out of the rat race. All my rentals are free and clear from any debt.

[@Workerbee2024]

@@jeanlenor1858 Congratuations! Sounds fantastic

[@Silverdragon517]

Take care of your Dad

[@jeanlenor1858]

@@Silverdragon517 I m not in a position to help him now. My mom is also retired and has to work also. My first plan is to retire my mom by buying the home they're paying mortgage on and let them live for free. She ll then be able to retire. After a while, I ll retire my dad also.

[@DearDebt]

Definitely important to strike a balance between “yolo” and being financially responsible. Something I had to learn in my 20’s first hand 😅

[@Amy-cl1oo]

Yup 🤣🤣

[@aolvaar8792]

You're 20 years old, clearing $200K/year with all expenses paid. You don't own anything. You spend money on Non physical things Money is accumulating cause you can't spend it fast enough.

[@dangehn665]

YOLO is deadly no matter how much money you have. There's NO amount of $$ you can't outspend. BE CAREFUL!!

[@chrishooshmand]

Every time I see a gofundme post on facebook for 8k to cover funeral expenses it makes me sad. I refuse to do that to my family. My sister has be instructed to use my emergency fund to cover my funeral. Let my family grieve the loss and not worry about the money.

[@costco_pizza]

Well said. And might I add I will never contribute to those things. GoFundMe already takes a huge cut of the money anyway. If you really need help I will help you directly, not through an app.

[@shannon2748]

An acquaintance of mine started a gofundme to pay for her sister's funeral this year, a cremation. I wondered why her parents didn't pay. Then, I learned her dad has passed away already, and her mom is really poor. She has a brother and a husband. I wonder why it all got put on her. Plus, she also raised money for a plane ticket to fly back to America once the pandemic ends. She works full time and can't even pay for a plane ticket. I don't get it.

[@costco_pizza]

@@shannon2748 That's very said to hear. But I suppose a family that didn't bother to prepare at all for the inevitable (death), should be honest with themselves and say the best that can be done is a cremation. No need for a formal funeral, you can just do a small ceremony at home with a few friends and family members. Asking for a gofundme donation for something like that does not seem appropriate to me.

[@leewatkins1610]

PEOPLE DONT REALIZE THAT IF THEY CAN QUIT CRYING,THEY CAN NEGOTIATE FUNERALS,WE SHOPPED,AND TOLD THEM SIS WAS RESPONSIBLE FOR A SECOND BID!we saved 1600 00f a 7500 dollar bill.....5900 bux.and one was 9000!what a rotten effing industry!

[@johnnytaco3501]

“There’s another Xbox?” I died laughing😂😂😂

[@robinbaez6643]

There no will in my family! Being poor and watching this will prepare me go better days to come!

[@Eyore82]

It's comforting to know my wife and kids will get a high 6, probably low 7 figure inheritance when i go. I hope they enjoy the good life i worked hard to set up for them

[@JacklynCunningham]

I'm trying to stay mindful and intentional that we need to be responsible while trying to have a good life, I think the reminder that you can still try to attain a good life helps a lot. My father died early, and my partner is sick. This is testing our perception massively.

[@mwahha6965]

Some people like my relative didn’t YOLO their lives away they just don’t have any money while theyre alive towards the end of their lives and so we had to pay for the expensive funeral costs . It doesn’t make the deceased ‘childish’ when their care costs

[@owenb8636]

The problem with investing is that it involves self discipline and sacrifice. I used to work with this guy and he's really smart and talented, I know he will be successful with his life whatever he does, but when we were talking about stocks once he said something like "we might as well spend our money, it's not like we're going to get rich investing with the amount we earn". Well I invested about $800 in tesla in 2018, now it's worth about $10k. He spent his money traveling around south east asia. I didn't get rich on that investment, it's true, but I can pay for five more holidays one day because I gave up that one.

[@m.b5777]

Tesla is down 50% now

[@valueink]

I could listen to Dave's wisdom all day, everyday.

[@soniagarraway2584]

This made my day I'm always teaching this exact topics I'm turning 56 in a week plan on retirement this December life spare debt free I've bought a whole farm and I'm selling my business Retiring in grand style thank you Jesus Christ

[@cjhoward409]

My grandparents didn’t have money when they died. They had a no mortgage house on nice land and some nice antiques and lots of wisdom that they passed onto me about not owing anybody any little bit ! So, we inherited the money we got from selling that house and started building our own. No debt. And my parents and my husbands parents… same thing. Sold their homes that had no mortgages and put that towards our house and also investments AND have helped others. Yes … a Godly wise man leaves an inheritance for his children’s children 😊

[@MrJay197409]

Paid for house, paid for car, no debt, has $2000 a month coming in. Yet Dave wants her to go out and buy more stuff my question is why. Most wish they were in this situation.

[@MrJimmy3459]

Because they earned it, theses people are better off than 90% of the population

[@markg999]

If your really happy buying more stuff wont add happiness generally. Giving and helping others will add more that buying stuff.

[@AnimatedIdiotGuide]

@@MrJimmy3459and yet they’re wasting their money on materialistic shit. They sound miserable.

[@God.Almighty]

my old man sure is my hero. but a much more important legacy than the material stuff he left behind was teaching by example how a responsible adult should live. may he rip.

[@jesssc402]

My concept of yolo has changed.. not about buying stuff or dining out in expensive restaurants, but just spending time with friends and family

[@Dawn-cv2gc]

So Dave found r/WallStreetBets ?

[@cybertrk]

Spy puts AND Spy calls... this way you win either way... iq 5000

[@Lolatyou332]

@@cybertrk If you put on your calls you can't lose.

[@stardust6272]

@@HermannTheGreat 4% returns? Dave doesn't invest in bonds.

[@mitchbazar3766]

ONE OF US! ONE OF US!

[@jasonrodgers9063]

I'm a 66 year old widower. When I kick the bucket, my stepson (sole heir) and his family will inherit a paid-off house and a residual cash estate totaling about $400K. I made sure to get it in a lawyer-crafted will. I have a "legacy drawer" too! It has a BIG sign on it!

[@kevinkidneyy]

Ima yolo it on nio calls 😂🚀🚀💪🏾

[@adrianacuna5479]

LOL

[@Shvabicu]

This is the way

[@Anonymous-wb3nz]

Ima? Wow, get some education.....

[@pigbenis2812]

I YOLO’D till 40 and started investing in April. I have 36k so far.

[@AmandaHugenkiss2915]

Money buys security and security goes a loooong way toward peace and happiness. We don't know what tomorrow will bring. In a second your life can change forever or outright end. You have to plan as if you will live to old age but also be prepared in case you are gone tomorrow.

[@John3.36]

I think rather than leaving a huge pile of cash, it would be better to leave your children with wisdom about how to work, save money, stay away from debt, and be able to produce. Character is more important than cash.

[@aggie7486]

.. ..or you could do both

[@josephinebournes8212]

Something tells me you're broke 🤔

[@John3.36]

@@josephinebournes8212 Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.

[@aggie7486]

@@josephinebournes8212 lol! Agreed

[@tobad9200]

I told my homie if they don’t get life insurance, I won’t fund their go fund me. They rather pay $15 for phone insurance instead for life insurance

[@josephinebournes8212]

Bingo

[@skibum6422]

My one buddies motto.... YOLO. He's married, they both make good money and can't have kids. But I still tell him constantly that retirement won't be cheap.

[@lynnebucher6537]

Our family is too frugal to pay for a traditional funeral, casket and burial. We have all opted for cremation, and a service at the church. Made generous donation to church, they appreciate it.

[@undisclosedpolitics]

Money doesn't buy happiness, but it does buy the freedom to focus on what really matters in life.

[@AbidingHopeMentalHealthCoach]

Yeah, that was my mom. She donated a large portion of her generous pension to church organizations to help spread God’s word, and then mostly stayed out of debt and just spent what she had left. She bought a $10K tent camper trailer a year or two before she died (she died young at 62 from an infection), and had just paid it off (she did go into debt for it). It was sold for less then $2K-I don’t know if she even used it, so whoever bought it got a deal-to pay for her care at a skilled nursing facility where she was a couple weeks before the infection sent her to the ICU where she died a week later. She had only a few hundred in checking & savings, and no retirement, no investments, no life insurance, no will. Just a paid for piece of land with a 30+ year old mobile home and a (thank goodness it was a ) stick built garage. We were able to get a decent price for the land and garage because of the location (5 miles from a tourist trap), but we could have made double or triple if she’d just built a house on it. I set aside a good chunk of my income for church and charitable causes, but I also set aside investments for retirement, and I have a fully funded emergency fund. If I die before the Lord comes, my children won’t have to wonder what’s what. I say that, because we couldn’t find her will and had to sort it all out without it. Thankfully my brother and I didn’t fight. I am working on my will at the moment, and plan to have a copy sent to my chosen executor, and I’ll have information about accessing all my accounts located in an easy-to-find file with all the passwords and account numbers. I don’t want to make things complicated for them!

[@joesillamanrs7189]

But Dave, I had to buy this corvette while I’m young enough to get in and out of it!

[@justinacase2623]

If you pay cash for it, your 20 year old GF can help you!

[@joesillamanrs7189]

@@justinacase2623 wish I could pay cash lol.

[@serjiang]

@@joesillamanrs7189 you didn’t get the joke.

[@joesillamanrs7189]

@@serjiang well f lol

[@c4arla]

Thank God for this videos that make he’s advice accessible

[@billgateskilledmyuncle23]

Yolo would be a better philosophy for changing jobs or leaving a job if it's ruining you.

[@mayataylor5743]

Sounds like my family , dad set us up good . But mom never paid any house bills . She was lost . I’m thankful dad prepared us for the future . You need to make sure your wife know the mortgage company name . I have Aunt that never check her banks account her husband my uncle handled everything . I was shocked .

[@ThunderousNinja]

Yolo is the reason I don't own my own house yet. If I could go back I'd do it all different. But in six months it'll all be fixed. Life lesson, you don't need everything you see, phases change rapidly but needs never do. Freedom over "hot items" some buy to fill a void but the void only gets bigger.

[@JJJJ-he8bz]

I’m going to Japan for my 30th birthday. It’s something I’ve always wanted to do and I’m doing it I deserve it you do only live once.

[@theelephant2887]

As long as you have the money to cover your trip, you can go to Japan as many times as you want to

[@Futurebelongs]

You live every day. You only die once.

[@lionheart93]

I’m buying myself a rare 69 mustang class lol but I can always profit from it in a few years so somewhat yolo

[@torxx12]

Live within your means, its that simple

[@deepfakesforreal9487]

If going to Japan at 30 sounds pretty daunting financially, then you need to quickly review your financial life when you come back. You only live once ... remember

[@LuisGustavo-ve7kc]

I miss when dave ramsey’s rants were actually DAVE RAMSEY speaking

[@helenhilton2158]

"You don't plan to fail, you fail to plan."

[@shepherd_x]

Life insurance life insurance life insurance, everyone needs it. Whether you make 10k a year or 10 mill. It changes lives and generations.

[@Alan-hc6qi]

I was expecting a WSB type phone call asking “should I yolo my life savings on Tesla calls”...

[@Will-oj3un]

All I heard was YOLO on weekly SPY calls

[@hD-my1hj]

Tesla YOLO calls are the only ones that inevitably work out in your favor

[@MontyQueues]

money should be respected and valued for it's use for reasons of which give you meaning but never should it be glorified for an empty hollow love for materialism

[@reesercliff]

"They made another Xbox???" Dave Ramsey

[@goldpop5001]

In mechanics' circles YOLO means "Your Oil Light is On". Kinda wondered what part of the car Dave was gonna talk about. LOL

[@JK20239]

There is a balance. You don't want to have 100k for retirement at 60 neither do you want to have 7 million at 60. Eating beans and rice till your 60 is depressing. When your 60, old and slowing down. No need to live it up when your preparing for the next step.

[@NerdyGal_https]

Thing is if you're doing it right, you'll only be on beans and rice for a very few years or even just a few months!. "Gazelle intense" as Dave puts it. After you're past those first baby steps, you can get off the"beans and rice" lifestyle and start living an amazing, carefree life!.

[@nightfangs2910]

I'm not saying money is important, but it is right up there with air 🤔🤔😁😁

[@iammohumed4099]

I really enjoyed this thank you uncle Dave.

[@jessicamanteria1633]

How is there even one dislike on this video.

[@prudencek7087]

This is a convo that my siblings and I need to have with our parents. We know nothing of their financial situation. I'm from an old school Caribbean household where if you dare to talk about what they want to happen when they pass away, or how they want to be buried or about them making a will it's a sin. Some people of that culture take it as if you're wishing them dead🤦🏽‍♀️; when it's just wisdom to let your family know what's going on. Both my parents are elderly and not in good health and we have no idea what their wishes are or even how to start this convo.🤦🏽‍♀️... this is a question I would love Dave to answer... how do you start a convo with your elderly parents about stuff like this?

[@larryhawes9322]

Yes, Dave there is only one way to live one's life and thank you for explaining what that one way is (according to scripture?). I spent my early 30's with a back pack sailing as a crew member through the South Pacific, discovering wonders that I had no idea existed and experiencing things that are literally inexplicable. I moved through different jobs and finally much later in life discovered home design as my career, much later in life. So I guess my path and decisions were wrong and I should have had a 401k working my life away. I thank you for insisting that there's only one way to live life. I also find it insulting that you are describing the individual who left $750,000.00 to his wife as a hero based upon the amount of money he left with absolutely no consideration towards his enjoyment of life, his love and tolerance towards others. We know nothing of the real measure of a 'hero' but wait he left a bunch of money behind? I'm also very late to the Dave Ramsey plan but found I had adopted the concepts organically if you will. Paid for cars, no credit card debt and an attitude that matches quite s closely to what Dave teaches. I did not however start saving at 23 for my early retirement, instead I went on adventure to discover myself and regret nothing. So if you find yourself drawn to Dave's plan make sure it's not because it's simple Dave's plan. Live your young life however you choose but no need to be stupid as you can do both and find happiness down many, many paths - not just a path that Dave says is 'righteous' and a $750,000.00 401k.

[@kyles.2029]

I agree with what you are saying, except if you have a family to support. Then I think it's time to buckle down and provide for them. I agree though travel when you are young, don't wait until retirement, nobody truly knows how long they are gonna live. The other piece of advice I would give young people is travel and experience life and don't buy really expensive jewelry, watches, and cars, etc. They do not not bring as much joy, at least to me. But I do 100% agree with Dave in that I want to leave a legacy to my family and that's important to me as well.

[@insideoutsideupsidedown2218]

Dave has stated many times, this "plan" is nothing new. Spend less than you make and save for later He just helps those who strayed from that concept and also helped them believe they could do it.

[@larryhawes9322]

@@kyles.2029 Hey Kyle, thanks for the response. Dave many (most) times projects his experience on to others without truly understanding how nuanced and amazing life is and how different we all are in our approach to same. $750,000? Who cares. What was the man? Who was the man? What if he left nothing, no money, but the skills he taught his children and how to overcome any situation? That's a hero to me, with heroism not to be measured by a 401k.

[@larryhawes9322]

@@insideoutsideupsidedown2218 Yes indeed, sound principles, but are they for everyone? Of course not and Dave says as much many times. I just think he measures success in dollars a little too much. I'm sure that's not who he is in his heart but these 'rants' dont' seem to illustrate that.

[@kyles.2029]

​@@insideoutsideupsidedown2218 I think Dave is a good man and indeed has helped many people. But there are some people who will never get ahead, life's circumstances have just not been in their favor. I would never want them to feel less than me if I had more money than them. A person's value isn't just measured in dollars and cents. But agree 100% Dave's core principles and persona are to be appreciated and respected. I follow 90% of what he says from a money management perspective myself.

[@oliviervantilt5764]

Calls on this dude

[@mdaniels6311]

Funderals should be free and paid for by the state.

[@mgd4327]

Despite his boomerisms, Dave Ramsey is the man.

[@Autobodyscotty]

I set my wife up then she ran off with my Bodyman !. I'll let the next one starve.

[@BernardBrunu1]

Thanks for the laugh 😂😂😂

[@prettyprincessmaia]

Dave has a “Legacy drawer”, my husband has the death folder 😂

[@terenc3308]

Looks like Dave found r/wallstreetbets

[@johnnyvegas4583]

Was watching this video as we hit midnight on New Years, lol

[@Light-vu6ws]

PLTR to the moon!

[@purefire21]

LCA to the mars!

[@oliviervantilt5764]

TSLA to pluto!

[@s.flanders]

The hype over a 17-year old company that's barely made any money (and hasn't shown any meaningful potential to scale massively or dominate a big market) is irrational. PLTR is definitely not the only stock to have benefited from delusional "investors," so there's enough delusion for some other stocks to see ridiculous gains, and people making money off them think themselves geniuses.

[@m.d.e.845]

It’s not that people are spending like fools, it’s because America’s money system is junk. It’s only gonna get worse in 2021.

[@matthewwilliams9200]

truth is yolo doesnt make sense only if you trust the lord. if you don't, its like paul said, then your most miserable because if your just doing it to do it then why not eat and drink for tommorow we die. but thanks be god is real so you live for him and that's living smart.

[@machintelligence]

That argument doesn't really work, you know. Get married, don't use birth control because "God will provide", have eight or nine kids and never have the money to properly feed or house them. Everything that happens is the "will of God" is it not? You have faith that this is what God intended, so who are you to complain? Many religious folks have just this attitude. Everything is as God or Allah or (pick the deity of your choice) wills it to be. Sorry, no.

[@devinparker1748]

How do we know for SURE you only live once?? What if it's something like YOLT ,,, you only live twice?

[@Sue-ec6un]

Good talk.

[@swimming_ninja6151]

YOLO SPY calls. Stonks only go up.

[@sharonbrown9721]

Thank you. A Blessing from God above.

[@AvalonMisty]

$8000 for a Funeral? really? I am being Cremated in a cardboard box with no Viewing...under $1000 cash is in my Savings I lived Simply I die Simply Minding the Light

[@TonyMaine915]

@The Dave Ramsey Show REPORTED