I'm Debt Free, When Can I Splurge?

[@TheRamseyShow]

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[@Toadallyawsome]

How can I contact dave ramsey by email

[@the13rook]

It would be cool to see you react to millennial money

[@ladolcevitauk1474]

How much did this caller earn when he was working?

[@iriscrotts6350]

@@XxSalah22 u

[@Colyers]

Me: Cool this call relates to me: This guy: I have 1.6 million Me: I'll go back to my rice and beans.

[@DJSH98989]

Colyers Lol That’s the truth

[@missnha3871]

Sameeee

[@GoBirdsJB]

Great job. You have one life. Spend some of that and enjoy it :)

[@jayhillz3705]

😝

[@ivanetelook]

😂😂

[@TheInroad]

Guest: "When can I splurge?" Dave: "You can buy the more expensive rice and fancier beans. Also sell your car."

[@greenAbbot]

Ooh, saffron rice. And, uh, magic beans?

[@stephensantiago603]

From minute rice to Goya. From pork n beans to pintos 🤣🤣

[@r3d_ti3_guy]

Lost my coffee, good job. Haha!

[@ecclairmayo4153]

Hahahaha😄

[@vilenationgaming]

Dave: As a matter of fact use the money you get from selling the car to buy the rice and beans.

[@buckybarnes3803]

Listen, the more I listen to Dave Ramsey, the less money I spend and the harder I work to make more

[@atlas7409]

Bucky Barnes YESSSS BUCKY GO OFF!!!!!!!!!

[@hurt1704]

Yuppp. I'm 30 now and recently came into a chunk of inheritance from my father passing and a home. This guy has been a blessing to me at this point in life so I didn't make the same mistakes most do

[@buckybarnes3803]

@@hurt1704 when I was in my late twenties my friend got money from an inheritance. he immediately spent it on a new Camero. Two years later he couldn't afford the remainder of the payments and sold it for a big loss. just act like you never got it and put into CONSERVATIVE investments. IMHO

[@hurt1704]

Bucky Barnes yeah I have continued living life like I never received it. I immediately studied Dave Ramsey, went in and sold all the car debt, settled with creditors on small sums for half on the dollar. I need to call in because I have more coming I believe due to a law suit from my dad dying at work. Maybe I'll make the call sometime.

[@Wealth_Wisdom_Discernment]

Saving for a new arm?

[@noahbaumann2676]

Life goal: have Dave Ramsey tell me I’m not spending enough money

[@priyamd4759]

LoL

[@johnlewis8934]

That's true I need that

[@UNIT294]

I really want to hear that phone call! Anyone else want to? I'll have popcorn ready.

[@CalFamilyBBQ]

You know when you're watching too much Dave Ramsey when people ask you how you are and you reply "Better that I deserve" in a Tennessee accent when you're from London....

[@danielcho3270]

LOL sir! This comment for the win!

[@twengatwenga7044]

I'm in London too looooooool

[@CalFamilyBBQ]

@@twengatwenga7044 🇬🇧👌🏻👌🏻👏🏼

[@carissaallen-figueroa450]

😂😂

[@jenniferdennis6465]

🤣

[@johannajaramillo9445]

I become debt free on May and now I'm building my emergency fund. So happy after 2 years of payments. 😊😊😊

[@dack575]

That’s awesome. That’s where I am too.

[@phoebeaquino8428]

Congratulations. Keep going.

[@fidaafaris1159]

congratulations 👏🏻

[@MoneyMinds100]

Congratulations! I'm so excited for you!

[@blehoo1]

Well done! Amzing achievement - walk on into liberty

[@BrotherhoodWorkshop]

The "can you set fire to that money and be ok" metaphor has really helped a tightwad like me chill out a bit :) I appreciate this example.

[@ordinaryhuman5645]

Yup. $100k on fire? Nope, not okay. $1k? No care. $10k? Starting to care, but not a big deal.

[@The2Dennis]

@@ordinaryhuman5645 even with over 10k saved, i still wouldn't burn 1$ am i going to be ok, if i would? financily, yes mentaly, nooooooooo

[@JD2jr.]

@@The2Dennis Agreed. I know I *could* lose a grand without it really changing my life (outside of being *really* upset), If I "gave myself permission" to buy thousand-dollar purchases, I'd be broke in a week.

[@RudyC27]

Joker Mode Lol

[@stefancoban59]

It's exactly what happened in Breaking Bad in the parking lot.

[@tara26777]

I can’t WAIT until the day I can tell a friend I want to help out with their kids school fees or purchase a car for a family member who really deserves it. The thought of being able to change the lives of people around me is what motivates me every day!

[@eddiegaldamez664]

Same here!

[@laur-unstagenameactuallyca1587]

same! I'd love to someday do my part to stop the housing crisis in my country (UK). The plan is to buy land, build houses and then sell the houses out using a rent-to-buy scheme so that they don't need to use any debt like a mortgage and can just save up to pay the whole cost of the house while paying extremely below-market rent and I'd sell the land to the house owners as a co-operative. Then repeat somewhere else. The plan motivates me a lot to focus on growing my net worth.

[@markwhittaker6866]

That is fantastic.

[@markwhittaker6866]

@@eddiegaldamez664 Wonderful.

[@markwhittaker6866]

@@laur-unstagenameactuallyca1587 Fabulous. Wishing you all the best with that. I reckon it will work out as well.

[@woolengrappler]

When I became debt free my girlfriend (wife now) and I went out to a fancy steakhouse to celebrate. The next day I started saving to hit the 3 to 6 month fully funded emergency fund. We’re now married, debt free, fully funded emergency fund, save 50% of our income and live well below our means.

[@donaldwalls3365]

I feel his pain. I went 270K of debt to having .5 M in ten years with his plan. Thanks you Dave

[@donaldwalls3365]

@W2 I work for the goverment. Went through a divorce about 10 years ago. Was out driving around to figure out what and how I was going to keep out of bankruptcy when I heard one of the programs of the 7 steps and thought I CAN DO THIS. So I made and excel sheet with all of the debt and bills, set a budget and when I would get paid I would put any remaining from the other check on a bill. Started off being $20 but it started going up after I worked the budget. When I would get a bill paid off I would buy a ham to go in my beans. I still watch so I can stay motivated, work with a budget and build for retirement in a year.

[@jenniferdennis6465]

@@donaldwalls3365 that's awesome!!

[@ADHDeez]

Lies. With those numbers you'd have to have made $527,000 on average for 10 years and not spend a single dime of it. The highest paid position in government to my knowledge, is being the president of the United States....that pays $400k a year so that doesn't even hit the mark. The average government employee makes less than 100k, so something in your story isn't true.

[@chankyokim4242]

@@ADHDeez technically, football coaches of state schools are government workers and they can make up to $10 million :O

[@ADHDeez]

@@chankyokim4242 Ok that's technically true, but I don't think someone who works as a college football coach would say "I work for the government" lol.

[@ceciliacampos4561]

Can’t wait to be at this point 🙏🏻 I found Dave about may 2019 and we’ve paid off about $40,000 since. We’ve only got my vehicle left and I’m aiming to pay it off by Dec. the latest. I’m so glad I found him and that my husband jumped on board. 🙏🏻🙏🏻🙏🏻

[@superchuck3259]

The Bible talks a lot about money. Also about Marriage. Marriage is like 2 Work Animals tied to a plow side by side. They must both pull and move at the same rate or else the plow will not go straight ahead. In fact, if the people are not paying attention to each other, they will not work together and the plow will go round and round in circles at best case. Worst case it won't move at all because one Plow Horse is too silly to move. Communication is key and working together together is always easier than trying to plow all by yourself! Husbands love to get financially ahead. Who wants to work till they drop dead? No one.

[@rudesoto]

Great job! I am just starting the steps hopefully I will be in your position seen

[@pfeiffdog0811]

Cecilia Campos amazing job so far!!!

[@VancouverCanucksRock]

How were them Rice n Beans?

[@anthonystone1748]

I found him around the same time and went gazelle crazy with my wife. We ended up having to pay some back taxes on a 401k my wife took out and didn’t know she had to pay the taxes. Anyways, we were able to write the check instead of adding more debt. It was a setback, not a disaster. It felt great. Now we know better and are on a 4 year plan to be debt free!

[@jackedkerouac4414]

My grandmother always said don't feel guilty splurging on health. It's something that will give you joy on the road to success. So yeah, I treat myself to $90 massages bc I go back to work relaxed and refreshed.

[@whatsup4807]

LOLOLOLLL... Very interesting but so true. But not massage. A REAL medical treatment is ANOTHER aggressive financial consumption in human life.

[@stickum4147]

@@whatsup4807 so you are saying she should not get a massage? I am trying to understand.

[@MonumentalTeam]

I am 80-90% sure Dave's "friend" worth $200M is Dave

[@stilliving]

😂😂😂😂 outed 👍🏽👍🏽

[@jenniferi.4385]

Exactly what I just said. Lol

[@JK8]

No way lol. He just said he bought a $70M building in cash. Dave has way more than $200M

[@JM.TheComposer]

Probably true.

[@austinrice7663]

Literally googled his net worth at the beginning of the video and it said $200m then he mentioned his “friend” a minute later 😂

[@candy2325]

My idea of splurging is getting a foot long spicy Italian sandwich from Subway lol. I always cook at home

[@monicapetitebonita218]

same 😂 mine is probably splurging on KFC since its pretty expensive in my country.

[@ethangamer3173]

GURL stop it lol

[@brianb900]

I need more home cooked meals lol

[@OatPancake]

I always get the spicy Italian!

[@krilin31]

If you aren't careful you'll get to a point where even going out to eat at most restaurants isn't particularly enjoyable because you realize you can make better at home

[@NeyJ]

I miss millionaire hour, it was so motivating and this was just as great! hats off to this man

[@thetanker5653]

Wait...did he stop doing millionaire hour altogether?

[@user-td7xf3gz4l]

Agreed

[@aeromedical6750]

I feel this guy. My wife and I were in a horrible amount of debt 10 years ago. It was to the point where I dreaded going to the mailbox and we were always broke. We busted our butts getting out of debt and now have a net worth of about $500K. I still operate in the “saving” mode and struggle to spend anything on myself that is not a true need. We make $144K a year gross and I still worry about our spending. We have ZERO debt and a very healthy savings account. It’s always in the back of my mind that if we go even slightly off the rails, we could fall right back into that mess we were in just 10 years ago. Still, we have to figure out a way to enjoy the fruits of our labor.

[@markg999]

Simple you dont go off the rails. You have done well for 10 years as long as you take the time to think thru any big purchase you will be ok.

[@scarpfish]

I'm kind of believer that the longer in life that you go without status symbols, the more you discover that your life is just fine without them. If you're going to splurge, do it on something you would genuinely enjoy, not on something society says you need to mark your success.

[@fleurelise997]

That life w/o status symbols is a really wonderful one. So true!

[@BeastorFail]

So true!

[@irisflower9030]

I so agree! The only thing I truly want to spend my money on once we’re debt free is travel, which is exactly what I plan on doing. I want to show my kids the world, other cultures, other ways of life while they’re still pretty young. And my other goal is to provide my kids with a solid financial future because my husband and I are well on our way to a nice retirement savings already.

[@BeastorFail]

Iris Flower same! Traveling really the main goal now, realized I’m not as materialistic as I thought I was 🤷🏽‍♂️

[@TheBlackDorothyZbornak]

everything you enjoy has been influenced by society. What maks you happy doesnt make someone else happy and thats fine. Just because it's a car or shoes doesnt make it society driven. It means thats their preference

[@michaelsmith5583]

Debt free, 3 million+, I still enjoy getting good deals on things. There is a reason why frugal people can stack paper. Its a lifestyle.

[@lynnebucher6537]

Similarly here. I still look for deals at thrift stores. Can't justify buying new.

[@Spacemonkeymojo]

What do you mean by “stack paper”?

[@giainto5564]

I think “stacking papers” means “stacking money”.

[@anthonywilliams9415]

@@Spacemonkeymojo slang for saving money

[@josephbenge8707]

I wish I would have found Dave back in my twenties, Id be a millionaire now. Just found his teachings about 3 years ago. If everything continues as planned, we will be debt free except house in about 6 months. Had to give up a few things at 53 years old that was very hard to do. But cant preach to others about walking the walk if we aren't following our own preaching. Now if my kids would just follow what Dave is teaching. One of those I wish I would of known back then what I know now situations, but there is never a better time than the present to make wise decisions. Thanks Dave, God Bless and Happy New Year!

[@rfalkins]

I love this call! Definitely a breath of fresh air. Reward yourself for your hard work sir! Well done!

[@Je.rone_]

*Splurge for me is buying a $9.5 600mg bag of pistachios and watching a $3.99 movie on the KZbin, if we're getting really wet and wild I'll buy a $1 1 Liter brisk ice tea from the dollar general down the way*

[@Tyler-sq4lt]

Haha

[@numberrunner3133]

Finally someone with taste and class on this channel.

[@konstantinr.7123]

😂😂

[@matthias-josefkowol6231]

Black Vito - Moneyology Big facts

[@SOSIDITTYBABY]

Yes yes only the finer things 😊😊😊😌😌

[@thedeckteckmaster]

One thing I have learned from your channel is what it means to prioritize something in your life (like getting out of debt). It never crossed my mind before watching your videos that working 7 days/week was something that I could actually do. Now my life is much better because of it. Thank you!

[@rocketmom60]

There comes a time when nothing you buy gives you the same satisfaction as does watching that bank balance grow. I have a stash that was started for the purpose of being able to buy something not in the budget, but now that that "little" stash is in the thousands, there's nothing I want to buy.

[@tiffanyrichardson8715]

This man has saved our family we got out of debt on on income in two years paid almost 45000 in debt.

[@O.S.A]

This is why I love Dave. He makes it so simple. Now I know what I can afford and what I can not. If I set fire to it , will I be okey?

[@JM.TheComposer]

Dave's 'friend' with $200M is probably himself.

[@AlexBridgesKiev]

I was going to guess he is talking about his wife 😂

[@roolyfe]

Jucius Maximus exactly! I know Dave is worth $200 million! He said it out loud one time!

[@Pandorash8]

My mind is blown and now I am suspicious lol... it COULD be himself!

[@cm01]

@@roolyfe he said one time he owned hundreds of millions in real estate I wasn't sure if he misspoke or not.

[@enricopallazzo3244]

Caught that too.

[@KrystalToddCPA]

Debt is a prison but you don't to be on the other end of spectrum where being disciplined becomes a prison too. If you have reached a point where you are disciplined, save, and invest, then you should trust yourself to make good decisions with your finances!

[@warrenkatz1469]

It amazes me that this guy has to call ramsey to have permission to spend his money. My question would be .what if you spent the 700g.on cars vacations and enjoyed your life and money along the way. You still would have a million bucks .

[@tracywalker244]

I agree with both of you! When you get to the point where you have more runway behind you than in front of you definitely don’t want to be at the other end of the spectrum.

[@linziee.8651]

Warren Katz my only question is how close is he to retirement and is his retirement funded? Depending on his age and marriage status, will $1.7 million be enough for 20-30 years or less?

[@ajithragunathan6094]

Balance is the key :)

[@jamesjhonson4568]

I remember the old '60's sitcom, " The Beverly Hillbillies," where Jed Clampett strikes oil and is worth 50 million dollars but didn't spend any of the money. Always wondered if this show was sending a message about wealth and our perception of people who have built it.

[@zachhawkins5005]

This is my favorite caller. Absolutely inspirational.

[@joonyaboy]

I splurged yesterday and bought a sweet tea. And I’m debt free....lol

[@ladybanks9766]

Congrats!!!

[@TheCrimson7272]

Jesus dude go get help your shopping addiction is going to kill you.

[@llallogen7380]

It's a slippery slope. One day you're getting sweet tea and the next you buy a Big Gulp at a gas station. The horror!

[@rothieadunnigan2009]

Yaaay 💃Kal's Debt Free !

[@milkncookie]

That's too rich for my taste. You must be a multimillionaire...

[@Winston0Boogie]

I've been told I work too much. I work 62 hrs. He made me feel so much better

[@frankish5314]

Ahh I remember the DAY I paid off my mortgage. I then went to the automotive tool store to replace the ONE ratchet I had and couple of other bits and bobs. This is stuff I NEEDED to work on cars (because I have yet to send one to a mechanic). So anyway.. Tools cost 35 bucks.. I can't tell you how hard it was to not put these things back on the shelf.. I was having a serious crisis of conscience. This happened in 2003 and I have been saving/investing half my income ever since.. right up to the day I retired in 2014 at age 52. I now have more than double what I had when I retired and still have not bought that "stupid car" I promissed myself..:)

[@leatherface9377]

Not a horrible problem to have congratulations!

[@warrenkatz1469]

Buy it before you become the richest man in the graveyard

[@waynemiller6070]

If it's going to bother you to buy it, don't buy it. I finally have plenty after all this time and I still hate spending $18 for breakfast when I could make one just as good for about $2. My sister likes "the experience." I'd rather not wait for my orange juice when I could just walk over to the fridge and pour it myself. Lol

[@vero0992]

If you're matching what you spend on yourself by giving to charity, even if you're doing it so you don't feel guilty, you're still giving for the right reasons. I hope to get there.

[@blehoo1]

I listen in from the UK and convert the dollar figures you give into pounds. Dave ALWAYS talks sense. It's tough love but we all need to hear it. Save hard, spend less. Make do and mend. Get debt free as quickly as humanly possible and build wealth NOT status. Thank you sir.

[@pimpballer3]

Dave should make a splurge guide with 7 "Big Boy" steps. He teaches you how to spend your debt free money

[@muhammadafzalshuhilahmad4675]

I agree completely! At this point I don't have a gauge. Am I spending too much? Can I afford to spend more? I have nothing to benchmark it against. The closest thing I found is from Minority Mindset channel: "if you cant buy 5 of them, you shouldnt buy 1". This puts some perspective, but I appreciate a more in depth and thorough approach to analyse how much should one splurge based x amount of net worth, y amount of years to retirement, etc. Hopefully Papa Dave could help on this

[@ozarked2363]

He's in the situation my brother and I talk about all the time. We have enough money saved now that we can do just about anything we want, but we cannot do everything we want to do. My own way of deciding is I ask myself how many hours I have to work to pay for whatever it is we're thinking about buying. If I'm willing to work that many hours then we can buy it. If I'm not willing to work that many hours for it then we don't buy it.

[@ozarked2363]

@Purzenify My way of enjoying it may be different than someone else's. Changing my family tree is enjoyment unto itself. My grandparent's farm house had no plumbing. They used a well and an outhouse. My father was a high school dropout and an alcoholic who drank himself to death at the age of 62. I was the first in either side of my family in 7 generations to graduate from college. Both of my kids have Masters Degrees with no debt, and solid careers. Leaving an inheritance for them is more enjoyable to me than taking nice vacations or buying a really nice new car. Don't get me wrong. I spend money on my own wants too. The inside of my gun safe proves that, but I still evaluate everything based upon the hours of work it takes to pay for it. Too old to change that habit.

[@Seeker0fTruth]

Ozark Ed / I think that’s a great idea. Thanks for sharing!

[@skateandfingerboard1]

@@naddarr1 Especially when you factor in that every dollar you spend costs you $1.30-1.50-$2.00 to make because of taxes...

[@rothieadunnigan2009]

@@ozarked2363 The great thing is for a person to be in a financial position to live how they choose. I'm happy for you and your family.

[@garrettdyck7347]

That's a good way to think about it.

[@EducatorKae]

Congrats to this gentleman!! This is GOALS for sure!! ♥️

[@rothieadunnigan2009]

It is so refreshing reading a comment where someone is inspired by someone's good situation, instead of being resentful of it.

[@richsamuel2922]

I wrote the check to pay off my house yesterday. I can't tell you how good it felt to login and cancel the auto pay.

[@Zeldaturtles]

Would have been helpful if Dave looked at his expected life span and helped him determine how much he can use as discretionary income per year

[@RockyTopSplash]

I was trying to see if I was in the spot to splurge... decided I was going to burn $44 in the back yard and then had a mental breakdown

[@Timetrae]

Rocky Top Splash 🤣🤣😂😂😂... that is so funny!!!

[@JSFitness]

Rocky Top Splash can definitely realte

[@RockyTopSplash]

@@JSFitness :)

[@RockyTopSplash]

@@Timetrae :)

[@RockyTopSplash]

@@ИринаНазарова-л6з glad I could put a smile on your face!

[@lynnebucher6537]

The great thing about being financially comfortable is you can grab the check when out with dinner for with Friends and not even flinch at the cost.

[@Shadowwind4]

Caller: I’m worth 1.7 mil when can I splurge? Dave: rice and beans, beans and rice, you don’t look at the inside of a restaurant unless you’re working there, sell the dog sell the kids sell the mineral rights to your property, squat in an abandoned house to save on rent money.

[@laneblount9888]

And sell the car

[@2starSwelling]

Just sell the wife also

[@elizabethfigueroa6811]

Hahaha I am going to work at a restaurant just for the employee meal

[@warrenkatz1469]

Be a monk and a miser and live like no one else.

[@Excalibur2]

Better start delivering pizza!

[@elmagnificodep]

That happened to my wife and I. We looked at our checking, and we had an extra $12,000 sitting in there after about four months. I've been going back to college, so I guess that will keep paying for the tuition in cash.

[@tamiamyourfavoritedragon8890]

elmagnificodep you are my inspiration!! I am saving to go back to school.

[@elmagnificodep]

Tam I Am Take one or two courses at three to four credits per class at a time if you need to. You can usually take summer courses too, which equals about 18 - 24 credits a year. You can finish a trade school in nearly three years.

[@patrickkillabrew6207]

Debt free here. Buddy and I just spent $10,000 for two tickets to the Super Bowl. Go Chiefs!!!! Good times...

[@FaivenFeshazion]

Patrick Killabrew that’s amazing! I’d do stuff like that too - make memories!

[@tishr9670]

Nice....Check that off the bucket list

[@josephjakubec3171]

Good if you are debt free and have a million in the bank.

[@patrickkillabrew6207]

Joseph Jakubec I don’t have a million in the bank yet, but my $450k house is paid off. There’s no point in having money if you can’t splurge every now and then. :-)

[@DJRiyzen]

I've been debt free for 6 years. I love buying anything I want in Cash.

[@Jackinfla1591]

Even better yet = Have a credit card that gives you 2% cash back, on what you have bought. Then have automatic FULL credit card payment before the due date. Those pennies eventually end up to be dollars.

[@ladybanks9766]

@@Jackinfla1591 2% is that all?! Lol. Nah man! Pay cash and be done with it.

[@spowell5997]

Derek Scoggins I can’t WAIT to get to this point.

[@ludens1526]

I bought myself a mustang Gt and a corvette. In less than a year in cash.

[@jwardTLS]

thank god I found someone else on this channel who loves cars like I do. I thought you didn't exist fam.

[@elmagnificodep]

I traded in my POS 2001 Chevy Blazer with broken A/C for $250 and bought a $30,000 2014 RAM Eco-Diesel with all the upgrades about two years ago.

[@katanamast279]

Any advice on how to do that? I wanna buy some cars for fun

[@elmagnificodep]

Katanamast Sim Racing Pay off your debt and keep putting your extra money each month away.

[@jwardTLS]

@@katanamast279 stay realistic and probably buy used? I have a bmw M3 for my supercharged V8 enjoyment, and a civic Type R for my track car - neither cost me more than 36k because I bought the M3 used, and the Type R new was only 36k anyway. When I say stay realistic, I mean as a percentage of income and your net worth you gotta think about the value of the car(s). I make 400k a year give or take, and I'm still not out there buying 100k cars - i have never spent more than 36k on a vehicle which is less than 10% of my annual income. Problem is a lot of people who want toys go out and take loans on 80k+ cars thinking they are super successful because they make 150k. It's ok to have fun cars contrary to what 98% of everyone on DR's channel says, as long as you are doing it within reason and not having to take out big loans and such.

[@nathanielsingleton6302]

Shout outs to that caller. One day, one day....🙏🏾

[@blackbeltfinance4026]

Today 👍

[@sandan2358]

So true! We have saved so long it’s hard to spend.

[@Zichqec]

Dave has talked about this on other videos too, where savers have to learn to spend and give themselves permission to spend sometimes once theyre debt free. I've struggled with this personally, not because I've ever been super broke, but just because my parents almost never allowed me to spend money as a child. Spending money makes me feel guilty and dirty. I've sat with stuff in an online cart for $20 for a week stressing about whether I should buy it or not. I have plenty of room in my budget for a purchase like that but it still was difficult. Learning to spend wisely is as important as learning to save. You need to learn how to spend a little without feeling guilty, and how to spend on things that matter. If you don't learn how to spend well, you may end up hoarding your money so tightly you never enjoy any of it or give any away, or you may lose control and blow through all your money very quickly. Spending is a muscle like saving and giving, and you should exercise it responsibly. I don't talk about this on my channel, where I don't make videos like this!

[@naturoidz2714]

I understand you man lols. I am also like that, but I'm worst a couple years ago. I would have items in my cart worth 20-50 dollars. It'll be there for weeks and I would end up not getting it even though I can afford it. Now, I have a diff approach. I think about the quality and how often I'm gonna use an item. If I'm gonna use something regularly, I'm willing to spend more and get what I like and not just the cheapest thing I can find. I'm still like that, but you also need to grow mentally as your money grow.

[@vietho8418]

I struggle with this as well. So much that I cheap out on even clothing and food.

[@Zichqec]

@@naturoidz2714 Oh for sure. I'm also a minimalist, so I try to only get quality items that I do need, and avoid frivolous things that I don't. I've done pretty well with that, but sometimes I put off buying things that I will actually use. The most recent example is I ordered a new tray for my tiaster oven, to use for crafts that need baked. I'll use it all the time and it'll be a big improvement, but I still put it off for weeks because I just didnt want to spend money

[@benmarsh5681]

Thanks too Dave I have paid off 33k in student loans in 20 months 13k too go. Only making 55k a year.

[@bt3727]

I was eating rice and beans while watching this. I’m on my way

[@unnamedchannel1237]

Can’t afford the beans I just eating rice

[@An_Urban_monk]

Dave, this is advice is straight from Ecc. 5:19-20. Those verses set me free.

[@numanuma20]

Another great question. He wants to know how to have some fun with out it ruining his life. Remember, giving can be a form of splurging.

[@charletfoster8917]

So many ppl have his problem-others just don’t know-I wish him the Best💯👑👏🏿👍🏿

[@ot5340]

Balance is the key. this guy is worried about spending 15k on a car with 1.7 M of saving. Money is there to serve you but he is serving his money now.

[@linziee.8651]

Thought it was $200,000?!

[@ddkk1000]

"Great place to go when you're broke... to work" Amen to that

[@Thurgor_Supreme]

I feel like when your 401k grows faster than you can add to it, that's exactly the moment you can start getting "loose" with your budget. Still be smart, still live within your means, continue to NEVER get loans, but don't hesitate when you feel like spoiling yourself.

[@rothbj1]

When your money makes more than you do, it’s a magic moment. It’s like breaking gravity.

[@tylernichols3187]

I'm trying to build my wealth simply to be able to give money as generously as Dave says we ought. I want to live and give in the name of the Lord. Thanks Dave, you've changed the entire path I'm walking on

[@paulistapauline5766]

Yes and Thecyberlord . Com helped me successfully So amazing

[@thatmoneyguy7630]

I love what Dave Ramsey says. If it were me, I would love to look into the idea of purchasing a four Plex. Or something similar that could generate a few grand a month in income.

[@johnfortes2171]

I am frugal also but I do spend my savings-on things that I can use over and over such as a motorcycle - or a road trip or a trip out of country so I will always have the memories - toys that end up in a closet after a couple of uses don't get bought they don't bring lasting memories and can't be shared with others!!

[@noahrose1able]

Love these conversations

[@eatnplaytoday]

While my friends are out buying luxury jewellery and fashion items, my idea of splurging is buying higher quality ingredients at the grocery store to cook at home with or treating myself to junk food. I have no need for stuff to wear or show off. To each their own I guess.

[@dexterm1285]

Yea that life is very empty and costly. No interest in that type of stuff. Much rather spend money on experiences.

[@blakegressen9260]

That is a humble brag

[@eatnplaytoday]

@@blakegressen9260 yes it is 🙂. I learned to live this way from my dad. It's a very freeing feeling when you don't need to worry about what others think of you and what you have/wear.

[@GamingTaylor]

I would look at it a bit differently. I would say "so you have 1.8 million which means you are probably getting about 2%+ in interest = $36,000 in free money" My advice: "Spend AT LEAST $36,000 and aim to spend $70,000+ a year, because you are going to die far before you spend $1.8 million"

[@thebluch]

It might shock you how easy it would be to spend 1.8m. Its not as much as you may think

[@noahjans3n595]

and give a whole lot

[@Jesseg-rj6xf]

I’m getting to this point...haven’t bought tennis shoes in like 10 years. Finding myself not spending money at all unless I have to for parties or special occasions

[@happygirl7258]

Jesseg0815 I can relate. My husband took me to the symphony on Valentine’s Day and all I owned were flip flops 😩

[@ProSkillGuides]

If you want to splurge and buy the “dumb” things. Make sure you make enough income from your investable assets to pay for it. Then you can buy whatever you want😉

[@superchuck3259]

That is very adult of you. People are missing common sense. That is the reality. People spending more than they earn. Also not being willing to earn more too!

[@ProSkillGuides]

Charles Granata thank you Charles. I’m trying to educate as many people as I can.

[@jamesbranagan2389]

This is exactly what I was gonna say, it's all about the passive income.

[@ProSkillGuides]

James Branagan once you learn that concept it really changes your perspective.

[@jamesbranagan2389]

@@ProSkillGuides thanks Alex passive income is my baby step 4 via dividends, your right changes everything

[@poxyfairy]

Great advice, I love this! It's nice to hear this coming from the other side. Can't wait to get there!

[@jackl8349]

I’m pretty sure the “friend” Dave was talking about was himself

[@joshuatate5671]

Just came down here to say this, lol

[@CJ.1998X.Y.Z]

Dave is not worth $200 million he is worth of about $60 million

[@PC4USE1]

As of February 2020, Dave Ramsey has a net worth of $240 million. Selling his books is one of the sources of income. His career as a host of radio has also helped him get money. He also owns a company called Ramsey Solutions. Mr Google spilled the beans. LOL

[@ruen99]

He also has his real estate scam that the MeetKevin thing was about

[@TheInroad]

Benjamin Willis Lol he has talked publicly about reaching 200 million in holdings. Are you his accountant?

[@ryang7759]

idk why but it makes me so happy to hear Dave say "you need to go buy that today"

[@RobFromRI]

thank God for Dave Ramsey

[@Red_1976]

This is a beautiful inspirational call! Thanks Dave.

[@jlebrech]

Did Dave Ramsey call himself?

[@IamaNewCreature]

Nope, he didn’t say ‘better than I deserve or I have a PhD in d.u.m.b‘.

[@MrMasterDebate]

I grew up on disability and food stamps, having surgery after surgery. I worked to get scholarships to pay for schooling and graduated law school in 2021 with only 50,000 in student debt. Currently I have a net worth of 150,000 with 120,000 invested in index funds only 2.7 years of full time work at 30 years old. I don’t want to risk being poor ever again. I want to hit 300,000 before 34 so I can maximize how many years my compound growth has to earn me the “good” income… not “wasting” the first 10 years earning nothing slowly building up to my first 100,000.

[@LegacyFarmandHomestead]

Dave is the "friend" worth 200m lol

[@eliastreminio9865]

Beautiful, beautiful, beautiful. Working in it! Praise God!

[@idkuok9669]

I have 5k debt left its all in collections. but haven't found a video that I could understand how to take care of collections. and finally be debt free.

[@amimrie]

Pay the 5k off, rice and beans, beans and rice.

[@chuckhockey9464]

Write your debt collection agency a settlement offer and have it notarize by a lawyer. Most of them are happy to have some kind of payment

[@StephenShreds]

Make sure you have paperwork saying it's paid off.

[@michaelvega4751]

You can negotiate a lower payoff amount with creditors after its gone to collections. Just paid off 5 credit cards and a loan just today that were all in collections for the past year and a half. I paid about 1/3 what i originally owed in the end

[@idkuok9669]

how do i get such paper work saying its paid off. do I call or email to discuss the payment? how can I get it off collections? I just want to do this correctly in the correct steps.

[@duanerykhus9425]

I have a 2012 $16,000 car that I purched new with a loan that has made me over $500,000 in wages over the years. It gets me back and forth to work. Sometimes we have to take a loan out to make money.

[@mikesaccojr.8566]

Question for anyone: I understand that the chief point he speaks on every time is paying off car loan immediately. Does it still apply if there is 0% interest on the loan? Is it more beneficial to just get the monthly payment off my plate or use it to my advantage with consistent investments over prioritizing the car? Thanks. also i love the way he looks when Greg says "1.7 million". Dave is really like "I told y'all" xD

[@01170154]

My wife and I splurge as soon as we completed our emergency funds. Went straight to Vegas for the weekend and got ourselves a nice room. Vacation sure felt different when you're debt free and has nothing to worry about financially

[@Jusaguy000]

Caller: have 1.7 million can I spend 15k? Dave : invest 15% of your income

[@PlaceforSpace]

I'm 35 and should be mortgage free within 2yrs and that's the only thing I have left, I listen to Dave Ramsey everyday to keep on track, once I have hit that milestone of being Debt free my next goal will be to have a Millionaire Status.

[@HONEYBANKS]

60 hours a week ‼️ YES he has permission 👌🏽

[@robertatkins272]

HONEY BANKS that’s part time in the oil field and construction trades lol

[@NathanTheFoxHusky]

60 and 70 myself always feeling like i need to work more tbh

[@meligoth]

I learned this in martial arts when it comes to having the skill to come out of the hopefully unlikely event of fisticuffs. "It's better to have it and not need it than need it and not have it.". My point is to always have your resources available than depleting it unnecessarily.

[@RSX250]

Guest: "I'm Debt Free! When can I splurge?" Dave: "Burn your car"

[@alexs3187]

When you buy the new car, don’t imagine it new. Imagine it in 3-5 years. What does it look, feel, smell, and drive like? Was it worth paying today’s price plus opportunity cost to get that? Like Dave says, wait till you have enough money until the cost of depreciation and opportunities doesn’t matter.

[@JohnAudioTech]

I've been debt free for 13 years but still trying to save to have enough to retire. Splurging for me is spending $20 on something. I can't see buying a car when the one I have works just fine.

[@Graythewolfpackleader]

Your the man Dave Ramsey. Love your content.

[@ladypink3473]

I’m working hard to become debt free while working on increasing my income, so that I stay out of debt. Provide my son the life he deserves. If I need to replace my car, I got 15k under my belt while I’m investing my money.

[@jarrettpierce5626]

I got debt free and bought Chiefs playoff tickets both games, live it up dude

[@myfinancialclimb3121]

"...and you forgot to set the brake, and it went off the cliff and burned." "......I'd die." Me too, guy...Me too... Can't wait to eventually get to this position. I'm working on it right now!! It's time to get aggressive.

[@BoondiFR]

So uplifting, life is good 💪

[@vickisherman6430]

GREAT TOPIC!! I have been struggling with this too!

[@RLWSNOOK410]

Spending $100,000 of $1.7m will reduce what he can spend yearly from $68,000 to $64,000, not much but a 5 almost 6% decline. Not to mention should he buy something that costs $100k insurance and upkeep of said item is likely going to cost several thousand dollars a year further reducing what he can spend

[@ThinkMoneyBenny]

You SPLURGE by buying Dividend stocks! That’s my way of splurging! 🤙🏻

[@yayyareaa2997]

Think Money yea buddy!

[@willmallory9085]

I like that!

[@rbrucerye]

Or you can splurging by taking a cut of the money you've made off of your investments to satisfy your craving.

[@urano4810]

@@rbrucerye I think his craving is more money

[@Dividendsmattertoo]

Think Money lol so true

[@user-dv8bs7tb5c]

This might be my fave call ever. I know when it's our time this will be hard for me, but the idea of matching it with giving makes it way easier and way more fun..I wanna buy some single moms some cars! Whwn I was a si gle mom I could have used that for sure.

[@JohnDoe-wz4cc]

I live, but I don't give because giving is for morons. I gave and all I ended up was feeling used. To I gave up on giving.

[@davidmuth4571]

I wanted a lake kayak and budgeted $500. The one I decided on cost that much new. I put it on a watch list and kept looking. Within a month a new one came up on craigslist for $150. The moral of this story is never buy anything right away. Patience = $$$. If the cost of credit payments and interest isn't bad enough, the cost of buying something can't afford and don't need is worse.

[@KudaFamily]

Splurging for me would be going out for dinner. Absolutely insane splurging would be saying yes when they ask if I want to see the dessert menu.

[@dingledangle265]

Try harder.

[@kjtp01]

This is a real problem for some people. We skimped, saved, invested in great investments for decades. The "savings mode" is hard to shift now that we are retired at 64 years old. We need to be in a spending mode soon and its a major paradigm shift for us.

[@Coananlover]

"I got a friend whose worth 200 million." Pretty sure that was just Dave talking about himself.