Dave Ramsey: The Truth About America's Debt Crisis

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In this video, I’ve got the one and only Dave Ramsey in the hot seat sharing some thoughts on election season and what he’d do if he were in charge. Plus, find out Dave’s definition of “broke” and whether you have enough to afford the life you want.
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[@HectorWhitney]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@TinaJames222]

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

[@BellamyGriffin19]

Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.

[@PaulKatrina.]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

[@JohnSmith060]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@PaulKatrina.]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@mandyyonge]

Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?

[@tinsleyLuna]

I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money

[@VanChuong-on2gh]

gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors

[@RolandWingo]

Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.

[@TommyChong677]

bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?

[@RolandWingo]

I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

[@rachelonigirl]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@kurtKking]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@Kaustavpatell]

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

[@GaryNicka]

Impressive can you share more info?

[@Kaustavpatell]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’SUNITA CHACHY JOSEPH’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@GaryNicka]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@jackieroberts6316]

Everything Mr. Dave says I had already heard before. It was spoken to me. I found Mr.Dave at age 64 and he yelled at me and called me stupid. That really got my attention. The hubby and I only had a house mortgage left but it got paid off in 3 years. I am 70 now and am so much more at peace. AND more generous cause I realize how blessed I am.

[@AlejandraDeOrnelas]

My dad passed away last month, and he always asked me to translate Dave Ramsey’s shows for him (he was Portuguese). Thank you for everything, Mr. Ramsey.

[@sylsuthss]

Sorry for your loss

[@tonyamcgrew5891]

oh wow, im so sorry for your loss, thank you, for translating, love to you for your grief journey

[@caseysurgent6091]

I’m sorry for your loss, losing a parent is terrible

[@daurissacrank3270]

I'm so sorry for your lost 😢

[@M.P.T.1.2.3]

Os meus sentidos pêsames. Que Deus tenha a sua alma em descanso 🙏

[@teenaskipper2782]

Listening to Dave got me out of debt . Listening to him on KZbin helped me navigate any financial issues that arose and kept me on my journey. I will be forever grateful. Keep going we need you.

[@jaimeehorsnell624]

Baby step 3 here! 9 months in we've paid off about $25000 in debt and building our emergency fund. Hard work and God's blessing pay off! Thanks George and Dave for all you do, you've been a blessing to our growing family of 4. Thanks mate from Australia!

[@daneengibson7336]

Excellent job.🎉

[@ngii6265]

I used Dave's steps for 4 years. I worked two jobs, got out of debt, paid off the car, and now I am a home owner. You must be willing to sacrifice for a little bit.

[@josetrevino4273]

Definitely a sacrifice! 2 years ago when I started I was excited. I never realized how long the process actually takes, how much patience, how much discipline it takes! I am currently credit card debt free and vehicle debt free. Next is my student loans!

[@getinthespace7715]

@josetrevino4273 , keep at it! We just paid off my student loans 2 years ago and were trying to cash flow my wife's nursing school. 😅 didn't quite make it. We got a total of about $40k debt from her Nursing school. She just graduated. Our goal is to focus on that and wipe it out using her entire paycheck and part of mine. Then we will finally be at the finish line.

[@josetrevino4273]

@@getinthespace7715 Stay strong and stick to the plan! Y’all got this!

[@Mk7Albert]

@@getinthespace7715she can do it. She just has to be willing to WORK. Not the little 36 hour work week.. i mean picking up extra hours every week. Nurses can make great money. A broke nurse = a lazy nurse cause its not like the pay is low

[@michelleadams5609]

😂 in a down economy. I have two jobs and a business and make over 200k but I’m struggling big time.

[@midwestrustwarrior]

I found Dave Ramsey when i was 24 i paid off 80k in debt i have 220k in investments IRA 401k ect and have an awesome house i only owe 120k. Now im doing full roth contributions in my 401k i dont follow his advice 100% but he is a huge part or what got me here at 29. Thank you Dave!

[@Trouble-v1m]

Sad, as an adult, you couldn’t figure out basic finance by yourself.

[@meridancrypto8226]

MATH AINT MATHING

[@midwestrustwarrior]

@@Trouble-v1m I had no guidance as a kid from either parent and had to figure it out. Sorry I didn't do it fast enough for you

[@midwestrustwarrior]

@@meridancrypto8226 I gave very little info about how much me and my employer contributed and didn't say how much I paid for my house? What math are you even doing?

[@borntobe44]

​@@Trouble-v1mpost your numbers big shot

[@daviddunn5959]

I love how genuine and calm this interview is.

[@thirdcoast-nx7jx]

100%

[@QianaLobbins]

Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.

[@QianaLobbins]

Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.

[@AlbertineRozmus]

I got my first house the year I started investing and today networth is over £3m

[@AlbertineRozmus]

so perfect

[@samuelpage1694]

I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate

[@QianaLobbins]

all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start

[@redfox435cat]

Been on BS 7 for 6 years. Cross the million net worth last year and have the cash to buy any truck on the lot now. Life got so much easier and more peaceful. I save so much more money because of the opportunity cost of having cash and not needing anything. Your whole mindset changes on how you look at everything.

[@stephanieb5]

My husband and I are millionaires, thanks to Dave's teachings! While all our neighbors were "Keeping up with the Jones's," we were working extra jobs and driving beaters. Now we both have new cars and over 1.5 million in net worth. No debt! House paid for. Live like no one else so later, you can live like no one else. We have no worries in this economy. You can do this too! Get his book, The Total Money Makeover! Heck, get it from the library for free!

[@Michaelparker12]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?

[@berniceburgos-]

It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

[@Mathew-zs3nz]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Thompson-e7h]

pls how can I reach this expert, I need someone to help me manage my portfolio

[@Mathew-zs3nz]

'Jessica Lee Horst' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@Richie-3wr]

Thanks, i did a quick web search and i found Jessica, i hope she responds to my mail.

[@Armstrong741]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[@RickWatson-xu6gw]

for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor

[@judynewsom1902]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@EverlyndPerez]

I could really use the expertise of this advsors

[@judynewsom1902]

Her name is ‘Marissa Lynn Babula’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@BenTodd-fl8nv]

I curiously searched her names and I found some pretty interesting information. Thanks for this

[@TammyMayCormier]

Since starting to follow daves advice, my partner and I have grown so much closer and stronger as a couple. We always loved each other, but now our communication, trust and overall sense of teamwork is better than ever. When he says that the discipline with money creates personal growth in general, its sooooo true.

[@tracywalker244]

This is so beautiful 😊

[@TammyMayCormier]

@@tracywalker244 🥰

[@makeamericagreatagain-d8g]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@wellsHannahh]

The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.

[@Harperrr.99]

Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.

[@AliceHh_]

How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

[@Harperrr.99]

Her name is 'Lauren Marie Ehlers’. Just search the name and you’d find necessary details to work with a correspondence to set up an appointment.

[@AliceHh_]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@JohnJones-r5m]

Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.

[@MarkDenver-o7y]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@IsabellaThomas-th4to]

With my busy schedule, I struggle to find time for in-depth investment analysis. For the past seven years, I have entrusted a fiduciary to oversee my portfolio, effectively adjusting to market fluctuations and providing valuable insights for strategic decision-making. I highly recommend considering a similar approach for those seeking successful financial navigation and well-informed investment choices.

[@GeorgeBernard-q4i]

This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

[@IsabellaThomas-th4to]

Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.

[@GeorgeBernard-q4i]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@nellysebastian9927]

Me wanting to watch this in repeat so George doesn’t get fired

[@llchew7784]

ditto

[@RCBLAZING]

I understand now why Dave will not say anything bad about Trump because he is also in the same tax bracket as Trump. Help us understand if Gold and Saach just stated that the economy will boom if VP Harris gets elected and in that same statement Gold and Saach said the economy will take a major hit downward if Trump is reelected and throw in the tariffs. The blue collar and white collar workers lost jobs, benefits and they hurt under the last administration, and the facts, only the facts, not my emotions, just the true facts that are tracked by the same organizations that have tracked ever presidential administration over the years. All the facts show that the economy does so much for blue and white collar, businesses, and unions under Democratic Presidential leadership. These are facts again, not emotions, because you can find all the facts from the government archives.

[@user-zm1cg8un7d]

I watched with friends. Sorry, George.

[@vanripem]

Me watching in reverse so he does. MWAHAHAHA!

[@CrypticCobra]

Na let him get fired, Dave is holding him back.

[@Bakers924]

Thank you Dave. We are millionaires and are debt free including house. I will never go back.

[@tatianastarcic]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@BellamyGriffin19]

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

[@ScottKindle-bk3hx]

Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.

[@PaulKatrina.]

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.

[@ChristianKelv]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@PaulKatrina.]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@JustenHarden]

Man, I keep saying it .. best editor on KZbin. 😂 I’m guaranteed to laugh in every George video

[@scotthendricks7813]

Love this!! God is good. I love Dave always focusing on God and giving Him the credit!! Keep up the great work George!!

[@KevinHall-ux9hn]

I've been out of debt for a couple decades, I'm in the land of critical mass (hat tip to Bob Brinker) and happily retired! Became an author at age of 62 and have published 3 books and working on my 4th - who knew I'd do that.

[@manuellmay3439]

Can you advise which books you wrote please

[@rachelharrison7961]

Regulations aren’t there to keep restaurants from serving food cold and late. They are there to keep restaurants from serving food that is moldy, where the servers don’t wash their hands.

[@pdxmusl1510]

He's not saying all regulations are bad. Hes saying we've got it dialed up to 11. Try starting a business sometime. Especially in CA. Everything is regulated to death.

[@rachelharrison7961]

@@pdxmusl1510 What business did you try to open and what particular regs were most burdensome?

[@StephanDavisson]

⁠​⁠@@rachelharrison7961nice try Rache. They still serve “moldy” food with dirty hands, despite the regulations……Chipotle comes quickly to mind. (OK it was e-coli not mold 🤣. Ya got me. Bacteria/fungus…..why quibble?) Either way looks like the regs didn’t work, but they certainly make us feel better don’t they ? 🤔

[@evosmith12]

What do we do about presidents that drive up debt? Trump rose the debt more than any president but since no one wants to criticize him for that, why would we criticize ourselves for debt?

[@MotoMatsalleh]

George you are a talented communicator, thanks bro

[@richprokop5155]

MONEY IS COMMON SENSE...COMMON SENSE THAT MOST PEOPLE DONT HAVE...

[@Chetto287]

Just started the video! Now I must watch this 499,999 more times. I love George!

[@Infinitymazepa7920]

With the country's economy struggling, I want to protect my $680k savings and find ways to grow my wealth. How can I make the most of my money and secure my financial future?

[@Jones21554]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an financial expert given the current market conditions and everything that is at risk with the current economy.

[@AnnaWoods-rm7cf]

You have a very valid point, . Initially, I began investing independently and experienced significant losses in the market for a considerable period. However, I eventually made the decision to engage the services of a financial expert, despite my initial skepticism. Surprisingly, I managed to outperform the market by over 9%. At first, I considered it a stroke of luck, but this success repeated itself for two consecutive years. As a result, I have since continued to rely on investing through a financial expert.

[@Infinitymazepa7920]

Could you possibly recommend a financial expert you've consulted with?

[@AnnaWoods-rm7cf]

Glen Howard Chester ’ , is a renowned figure in his line of work. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Infinitymazepa7920]

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted his full name into my browser, and his website came up first in search results. He looks flawless.

[@bradleygraves5915]

I'm 56. I have a spreadsheet with my IRA and ROTH, as well as my monthly bills. I can see MONTHLY how I will be debt free (including the mortgage) at 62. Plus enough growing at 5% to retire with SS and have more than enough.

[@alexandraandrews1241]

I love that Dave gives God all the praise.

[@Kornheiser10]

But not of the blame...interesting, maybe it's G-d's plan,like Job

[@KnowledgeIsComfort]

@@Kornheiser10God gives us free will. He will allow you to spend yourself into oblivion if you want.

[@Kornheiser10]

@KnowledgeIsComfort depends on who you ask and what they believe in. I believe that, but many believe everything that occurs is part of G-d's plan...which make living not much more special than a wind-up toy. "I will choose the path that's clear, I will choose free will." -Rush

[@mciti2594]

While you can’t control the economy or government spending, you can control your own house economy by how much you spend. Remember ☝️; Control the controlables.

[@JasonHain-z8t]

I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market..

[@JonasSeiling]

Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.

[@RachelMims-l8n]

To be honest, investing rightly today can save you a whole lot of stress in the nearest future.

[@SharonCharlesworth]

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?

[@JasonHain-z8t]

All thanks to Jaspreet Singh with his investment advice, at least I can afford a good home and also have to retire early.

[@SylwiaJewiak-j8g]

Wow, so you achieved all that through the help of Mr Jaspreet Singh? That's impressive because I have heard so many good things about him

[@PeteCorp]

Best guest ever. This Dave guy should have his own radio show. 😉

[@TammyMayCormier]

😂

[@cjhoward409]

I found out about Dave R when I was managing a book store. I actually glanced thru one of his books and took the common sense to heart and now my hubby and I have ZERO debt. No mortgage , no nuthin ! 😊

[@cupbowlspoonforkknif]

The problem is that Dave's advice doesn't apply to low income households and that number is getting higher and higher. I've heard him take those calls and all he can say is they need to get their income up. I'm debt free but will be stuck saving for a house for the rest of my life. The middle class is being destroyed by money printing regardless of who's president.

[@elizabeth96270]

I have been following Dave’s 7 steps since 8 years ago and I have accumulated assets from it. I only wish I could have done that 20 years earlier. He is a savior to the people, especially those who don’t have the concept of financial independence.

[@ithomas101]

See, as a democrat, I can certainly understand Dave's very reasonable conservative perspectives on markets and money. I get it. I don't fully agree, but I certainly appreciate his perspective, and unfortuantely I do not think his fellow conservative friends in politics are very interested in working on these issues in meaningful ways to actually make us all better.

[@Dudeguy36]

The government is deciding who your neighbors are, what they do with your money, who we go to war with, promoting or discouraging competing cultures in our society and what laws we have and how they’re enforced. Those things combined is what makes politics very very important.

[@bubblegodanimation4915]

That is how hivernment has worked for thousands of years

[@b4ph0m3tdk9]

"If you live fake rich, you become real broke" 🏆

[@GregHilton-g7n]

*Amazing video, thanks for the steady stream. I'm favoured, $105K every two week! I can now give back to the locals in my community and also support God's work and the church. God bless America.*

[@RossaSemprum]

Same here ❤️ waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️ Big gratitude to Maria Frances Hanlon 🙌

[@JohnUecker-k6p]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@TorresPatrick-m5g]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Maria Frances Hanlon, has been an amazing experience.

[@Donellephilbrick]

YES!!! That's exactly her name (Maria Frances Hanlon) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@MichealDevine-q8x]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@Rosario-e2i]

Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️

[@Vanzee-fb2xb]

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

[@Valliere-fy2jo]

Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏

[@CaslerDannels]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@CaslerDannels]

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

[@Williammercy-zt9ou]

Can I also do it??? My life is facing lots of challenges lately

[@JayFreshman1]

He's happy and wealthy- he cares, but doesn't care. He can live incredibly comfortable from his investments in current time and walk away from everything. Being in the same boat- this work-life is all he knows and therefore he spends his heartbeats continuing on with it. It's both good and bad. Perception is everything at his point in life and his goals are what he has left to accomplish if he chooses. Positive thoughts. Always.

[@Iehoopshow]

I enjoyed Dave noting that a person is responsible for their own success and not the president. Yes, I prefer a specific candidate, but that preference doesn’t impact my ability to generate my own success. (Unless the government collapses 😂)

[@smitmor74]

Your editor is killing it today! 🤣

[@Danzilly]

Like when Dave gives George a hard time about his tesla. But George hits back with you pay for my charging Dave!

[@hellosaysandrew]

I love when he calls it a “little battery car” 😂😂

[@Chele-nm4qx]

The best thing we ever taught our son is about money. He has saved for the last 7 years & he is now in the process of building his very 1st home. Paying about 3/4 of the price in cash. He has been a saver most of his life & works for everything he has. Now we just pray he finds a woman who looks at money the same way! 😬

[@truckingwithtobee]

I think it would be seriously amazing if Dave ran for president! I think he would make a great one!

[@miracleman75]

I just finished paying off $300,000 of debt. First month after paying off debt I scheduled to have new roofs put on two properties, painted a property, took down 12 trees and put up a fence. I think me getting rid of debt is helping the economy.

[@getinthespace7715]

We are pushing towards debt free. I've wanted to buy a newer vehicle for 5 years. Still rocking the old subaru with 210k miles. After we are debt free, I'll toss $3k a month in the emergency fund. When we get to +$40k in there, I'll probably trade in the Forester for a used 4Runner and pay cash for the difference. Then, I'll be set with a good vehicle for another decade. Start massing wealth like crazy. Take more vacations. Have more fun.

[@meleenabradley3017]

We're saving for our 2nd car as we're paying off our brand new 4RUNNER instead of the 72 payment plan the dealer had planned for us we're on track in paying it off in less 36 months. Our pilot turned 20 yrs old last June 🎉

[@getinthespace7715]

@@meleenabradley3017, awesome! I typically like buying 2-3 year old vehicles with less than 30k miles on them that are under warranty still. But with Toyota's and Honda's they hold value pretty well.

[@IRdatank]

Good plan, brother. Getting past that first old beater can be tough. I'm only on 90k miles with my pre-enlightenment car. We'll see how long she continues to trundle along.

[@meleenabradley3017]

@getinthespace7715 My husband likes to buy new because we keep them till they die. Our pilot is almost at 300,000 miles. We lost our 2006 civic to a young man who didn't stop at a stop sign 😞

[@CrypticCobra]

Where is the cash going to come from? if it's from the emergency fund, you don't have an emergency fund. That money is for emergencies, not upgrades. Once you have it fully funded save up more in a different fund to pay outright for the car.

[@Anneheed]

Dave needs to have the digital debt sign that all the people on his show have paid off 🎉

[@ST-ue5fb]

George - I enjoy your content and your sense of humor. I know lots of your viewers enjoy the clips that are inserted. I would like you to consider leaving them out. You don't need them. I want to listen to your conversation only.

[@ralphparker]

It may be selfish to get out of debt. But, each and every man who is out of debt is a blessing to this country. Each and every man who lives his life as a good steward with his finances is a blessing to his country. Mainly because of the stability he brings to his community. And this jealous world who wants to take the rich mans wealth and distribute it to the poor (actually to themselves) will destroy the world.

[@samuelfrei4549]

For Dave, there is America, THE greatest economy and country of the world and there is all the other countries. (This is written from one of the many country w/o electricity, Switzerland….)

[@alexbelhow5454]

Feel you. I am from Germany. They are US American, us watching is just a byproduct😂 That's alright.

[@barnabusdoyle4930]

The EU has become the vassal states of the US and are currently destroying themselves to make their masters happy. At some point, the EU will wake up to this reality and put an end to it. When that happens, life in the US is not going to be the sunshine and rainbows we have now. China is the greatest economy on the planet, run by leadership that is working to improve the lives of the people of China. China is the future.

[@kathryntubridypakenham2743]

Canadian here, I would be happy to pay more taxes if it helped more social services. I can’t imagine paying taxes and not having healthcare

[@schuylergeery-zink1923]

Hey most Americans have healthcare insurance. It’s just shitty bc the insurance can deny you for stupid reasons. And sue to regulatory capture we have insulin monopolies. And also when US purchases insulin from Germany it subsidizes the Germany healthcare system. It’s fascinating stuff - I’m free market all the way. The French single payer system is better than NHS UK and Canada however. So if I had to choose socialized healthcare I’d go France all the way. At least you still have options but I wonder if the good health outcomes there are more so due to lifestyle I studied abroad in France and people are healthy compared to the US. But it doesn’t help our government subsidizes JUNK FOOD. Yes! I think our healthcare wouldn’t cost so much if people were healthier. It doesn’t make sense that junk food is cheaper all thanks to the taxpayer.

[@carolannstevens5814]

I love Dave and George!!! Wow! Great godly men!!!

[@jwarnstarsmile]

We are 22 months away from Baby Step 7 (God willing). 🎉 Thank you for the motivation!

[@damowantswealth]

"When shit hits the fan, get a shovel" doesn't make sense 😂😂

[@alexk7405]

I doubt that people will scroll down this far to read my comment. 2:03 That was/is incredibly true on so many levels: I'm not running for office cuz we actually help people

[@Moont706]

He dropped some gems

[@RDM644]

This is a wonderful interview.

[@user-iw4gc9vt9p]

Thanks Mr.Dave You are my 先生 ❤. Peace and Love from a long time listener of Dave Ramsey show from Japan 🇺🇸🇺🇸🇯🇵🇯🇵

[@His.Lordship]

I think the Laffer curve is undeniably correct, but we're almost certain to left of that peak.

[@ONLY1KUDWE]

Great segment. It's always nice to get Dave's perspective on these things.

[@nogames8982]

What amazes me is that I don’t think they’re teaching personal finance in schools anymore. I realize I am old, 54 :-) but they taught us basic budgeting, taught us how credit cards work and how interest rates work, etc. etc. This was in high school. Do they not teach that anymore? They should. Should be a requirement. I realize that people don’t balance their checkbook anymore, etc. and it’s all online now but maybe that’s even making it worse, they have no connection to their money whatsoever.

[@ctbeatty1500]

They didn't teach it when I graduated high school in 2005.

[@pieralla]

It's an elective now unfortunately

[@nogames8982]

@@pieralla I think it should be mandatory in high school. At least one semester. parents obviously aren’t teaching it and that’s probably because they never learned it either.

[@raypilot510]

Money is not the most important thing in life, but it helps to have some. Self control helps to keep some in your pocket, or in your bank account in case of needs. The urge to buy things is strong, but, once you have the items that you craved for and sometimes don't need, the euphoria leaves and despair sets in, especially if you buy that puts you in debt.

[@michiganman845]

I want George fired so he can pull 4% and not 8% when he retires.

[@oboe23able]

I don’t think he will have to worry about Dave when he retires, to be fair.

[@megablastoise-nb1od]

Be careful they might delete your comment - I’ve seen it happen to a few that have been spitting facts about the 4% controversy. I guess fact are only their friend when it aligns with Dave’s views. Also I guess Dave gets a pass on math.

[@tomaszp2027]

@@megablastoise-nb1od such a weird hill to die on, smh

[@crashtestdummy1972]

Dude I'm withdrawing 8% when I retire. I'm also going to have 12-18months in cash to weather low market years and for that, I'll take 4%. There's no need to keep the money in perpetuity when you are dead. Try to spend all of it and enjoy it all, which is hard because you don't know when you'll die, so enjoy the heck out of it in retirement.

[@megablastoise-nb1od]

@@crashtestdummy1972 That’s so contradictory to what Dave and any other finance person says though. What about leaving a legacy to your kids - not retiring broke. Why would you plan to spend everything you have before you die?

[@chrisbaker2669]

The economy would be stronger if everyone got out of debt because when people use debt to pay for stuff they have to pay for both the item they buy and the interest just on a delay. When the bill comes due for debt consumption goes down.

[@samstrevens4630]

Cannot like this video enough! Great work George. Enjoyed this conversation.

[@Gina_Michel]

Sooo good! What great wisdom! Thank you Dave and George!

[@weldinggirl]

Mr Ramsey we love George do not fire him😊😊

[@pete5691]

Interesting reading is “losing ground”. It talks about how our social policies regarding jobs and education have all basically been failures.

[@lilibethvilella]

I feel like Dave is our papa. The father I never had & always longed for. Thank you for adopting us all as your daughters 👑💗

[@petuniaromania6294]

❤ well Mr. Ramsey, the USA needs your financial advice, and influence, in our federal and state governments.

[@littlewitch1218]

Kamala Harris' proposed tax on unearned capital gains scare me. I'm trying to start saving/investing for retirement. How are we supposed to get ahead?

[@stephanieb5]

I feel the same way

[@barbarahixson5330]

Makes more sense to me more than most "money people"! Lots of common sense! Keep it going Dave! ❤

[@troupergreen]

If Wealth is your God... quote reminds me of something David Foster Wallace said, and I am paraphrasing, but it was pretty much if you choose to worship the God of your intellect, or money, or physical appearance, or any other god that will destroy you. But if you seek God separate from yourself, that is a necessary condition for a good life.

[@youtoobuser71]

I was listening to the podcast version and heard about the 500,000 views goal so I popped over here to help boost the numbers. We're only at 162,000! Those are rookie numbers! We gotta pump those numbers up! 🤣

[@benhenderson9018]

I'm here for George's job security. *subscribes

[@cuz129]

So true! You spend more when you have more.

[@AnonN-sr6uu]

$600k in your 401k is not a $60k a year income. That's dangerous.

[@Moonless6491]

I'd say 30k to be fair. Ain't nobody pulling 60k +

[@AnonN-sr6uu]

@@Moonless6491 6% has a 90% success rate over 30 years. Personally, I’d pull out 7% during any year the stock market return was positive, and 6% all other years.

[@motoryzen]

Maybe in your state if you live and say closer to California's cost of living versus income availability ratio, but in Mississippi the armpit of the South if you can't make it on dollars a year right now by yourself then you're either living currently any place that is just unrealistically lavish or you have some form of massive medical debts or other debts. If you're a debt-free make a 60k a year in Mississippi you're okay. Now you're not Bill Gates wealthy, but you're still going to be okay . For me living in this shit hole of a state, making 37,770 yearly at my regular job before taxes and that's without doing Uber Eats food deliveries, I pay my own way and I'm okay and I'm still slowly building savings and pumping my Roth IRA like a boss. Big hint you don't need to spend 30% of what you make if all you're feeding is yourself unless you want to stay or become a big fat f#%k

[@brendonwhartonfit]

If you’re 90 years old it’ll probably be ok

[@IRdatank]

600k is definitely not 60k a year. Most 401k's are pre-tax, so there's the lump Uncle Sam is swiping. Even 30k is very aggressive.

[@brookebales2931]

Uncle Dave 🙌 great convo!! Fun to see him speak outside of just the show. 😁 he’s a great man! God bless y’all.

[@KL-ii6dt]

Warning: george kamel works at the dave ramsey network. So this isn't really an interview, its more like a conference with your boss. An interview includes pushback, not just smiling and nodding like you're on a first date. Critiques of Dave Ramsey's topics in this video: 1. Dave says he likes the free market and thinks we have too much regulation. Free market is not disturbed by regulation, its disturbed by monopolies and government prioritizing corporations over people (tax breaks, lax consequences, lobbying, etc). Consumers can make the correct decision if they're given a decision, regulations protect consumers from corporate greed. If you like the free market you have to let corporations fail. 2. Cutting taxes raises revenue. That's overly simplistic. Poor people don't hoard wealth but billionaires do. This is especially funny from the multi-millionaire that tells people to eat rice and beans to save money. Thats not thinking that increases revenue. It's been like 40 consistent years of the income gap increasing with no counter balance. What used to be a pyramid that can be scaled has now become a basketball balancing on a long needle. Raising taxes for the upper class is necessary given how far the income gap has gotten. 3. The presidential candidate only controls 10% of your life.... For a rich old straight white man. Young people will be affected by the wars we get into, minorities will be affected by immigration/prisons, lgbtq could literally be erased from public spaces, & poor people will be affected by prioritizing corporations over people (honestly this one will happen with either candidate). 4. There's no country worth moving to. Americans are the only people with such a limited understanding of the world. There are plenty of places where you can enjoy the same luxuries that you have in the US. Even the third world countries have luxury hotels/condos that feel like the US. Of course, you wont have the bill of rights and other democracy oriented privileges but to say 'I like turning the light switch and getting electricity' is so ignorant. Plus, depending on who the president ends up being, a lot of these democracy privileges may not remain for long (based on their own words). ---------------- I have no critiques for Ramsey's financial advice. He's not perfect but I think he provides a good foundation for the mindset that's needed. I really wish the video would've started with the budgeting/financial mindset conversation because 27 minutes is a long wait or good advice.

[@Lori-f8b]

Wow, What a fantastic show! Thank you George and Dave for doing this segment. As a long time Dave listener you have finally answered the question I’ve long to know, What happens if everyone became millionaires? George is a great asset to Ramsey Solutions. Please keep more of this content coming. George always brings out some of the best questions and scenarios.

[@AnstettSkelly]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@NorwoodGuernsey]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@Gregstuckey]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@LELANDJONES10]

I feel 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 a licensed expert in order to navigate this recession and achieve potential high yields

[@Ed-Rogers]

In the 50's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.

[@NorwoodGuernsey]

Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.

[@TimGeorge-dp7wb]

Foundationally, there are few things better than going through life with a partner that strives to eliminate money as an issue in the relationship- with everything that can go wrong- if you can be aligned in money- you will be aligned to face most anything that comes up. you end up sacrificing for each other to build something together- this has a funny way of morphing into all areas of the relationship- and love grows deeper

[@guile-md6mg]

The US economy is growing at 2.5 percent on 3rd quarter after growing at about 3 percent in second quarter. The unemployment rate is 4.2 percent. Inflation is close to the Fed target while wage increases are locked in. Yes, things are not perfect. Inflation is real but it's under control. It won't even be mentioned in like six months..it's not doom and gloom.

[@katyedwards3935]

I love to see him in different studios. Next up for him is to go on Smart Money Happy Hour with Rachel and George, appear on Dr. John Delony's show and be a guest on Ken Coleman's program. If Jade ever had her own show, she'd probably have him on too.

[@vikker8274]

Quit saying DEFICIT! Use the proper term : DEBT

[@davidcarney9183]

Love these! Keep them coming!

[@natalisove3027]

Thank you for all that you do! 🎉 You have helped my family a lot

[@nikkininedoor1480]

Love, love, love this interview. Great job George, and I really appreciate Dave Ramsey's point of view. I always feel like I learn a new gem of information when I hear his wisdom.

[@dinisluis76]

Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@RicoWilton]

Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..

[@madisonaaric]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@benildacora]

​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella.. Highly recommended 🙌

[@elizabethnikki]

Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people

[@heinz86]

​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Fenella trade benefits

[@JessiWimer]

I'd definitely vote for Dave but I also understand why he wouldn't run. I loved his comeback on the response. 🤣

[@bookkeepingtipswithty]

Option 1: Work hard and give half of it away to taxes OR Option 2: Do nothing and get someone else's half. That's really the predicament we all face these days.

[@philhofland5501]

sadly you are pretty correct 😊

[@justinsongnj]

Loved the part about contentment!

[@macawyndy]

Okay, when Dave talked about him driving a nice car and old and bald....when my son was younger he loved Corvettes, whenever we would pass one he would look and once told me everyone who drives one is old and grey hair, lol. Glad he noticed and was a good talking point.

[@tomboss9940]

Dave is great in helping people help themselves within the system. Macroeconomics is not his strength.

[@howlieboy]

I think these videos are amazing and I agree with 95%. I don't agree that unchecked capitalism/free market works. Somehow financial institutions are allowed to do poorly and not be punished. I think the reason Dave's not making as big of an impact, my guess is he would never be happy, is because there are very smart people lining politicians pockets/bending the rules to make it easier for them, and harder for Dave, for people to do what Dave preaches. Please don't stop though!!

[@richeats]

In one breath, Dave says, "Biden Inflation" then less than 10 minutes later tells us Presidents "Don't control" the economy anymore than they control the weather. I love this channel, but this kind of stuff drives me nuts.

[@oboe23able]

Dave manages to have interesting ideas anytime he strays from “debt bad spend less than you make”.

[@larrysmith2655]

He’s like your conservative boomer father or uncle. Reminds me of my dad. George is the one that annoys me because he has no opinion of his own.

[@jokka6388]

Yeah it's painful to hear the Fox news come out of Dave's mouth.

[@deelehey2827]

@@jokka6388. Dave’s a multi millionaire. I think he knows what he’s talking about.

[@25TheCaveMan]

We all know which side of the isle Dave is on and sometimes his biases show through, he's human, it happens. I don't hold that against him though because I still think his financial advice is sound and pretty simple (although tedious) to follow.