5 Areas That Can Make or Break Your Financial Success (With Dr. John Delony)

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[@lindadorman2869]

As many of my generation, I was raised to believe status and material possessions reflected a person's value and ability. The big house, expensive car, designer clothes, etc...proved your success in life as did career progress. It took me decades to shed that false thinking. Now I spend on what I need and want, not what others care about. I am my own affirmation.

[@traderista]

Same I’m kicking an Amazon addiction to the curb hyper consumerism is no longer for me or defines my value

[@andreawright3505]

"I am my own affirmation." 🤯Yes!!!

[@evalina98000]

1. Debt 2. Budgeting 3. Saving 4. Spending 5. Giving

[@stephendownes6331]

Some years ago I sat down and made a list, clothing, tools, household goods, cars, furniture, watches, experiences, personal development, everything. I then reviewed it every 3 months over a year and red inked the unnecessary and low personal ROI items. Over the years since I have only spent money (bought) anything on the list, if it's not on the list it's not coming home. No brand criteria, everything on basis of quality and timelessness. I now have nothing left on my list and simply stopped spending or buying anything except petrol and food. I already know I need nothing more.

[@juliesieben8148]

OMG! The part about submission is so true! We are saving up to finish our basement and my daughter wanted to go to a local museum that is kind of spendy. I reminded her of our goal and she said, "oh wait! Let's save that money and go another time!" We can afford to go to the museum but it was the lesson of submission and delayed gratification that was so important to learn. Wise words!

[@kevins5268]

Ya and your kid is only little once. Basement will still be there in 20 years

[@everythingthathinders6922]

It's so great when our kids are on board! Your kids are learning how to have peace and sleep well for the rest of their life. You're giving them a gift that is far more valuable than a day at the museum! Good parents!!

[@veerebel7112]

Yes!!

[@jenniferpearce1052]

@@kevins5268 Your kid is a kid once. You have only their childhood to teach them healthy spending and saving habits. Maybe the kid really wants the finished basement because it's going to be their own room or have a pingpong table or whatever.

[@jenny-wc8qy]

I've been impulse buying thinking I'll get better when it gets here...my husband got me Very sick & it's incurable. So so hard to cope with & have to live with him. A huge mess. But I know the things won't fix me, I'm trying to figure out what to do. Meanwhile I'm slowing down spending & have been decluttering & blessing others with my stuff. I just pray I get better to get part of my life back.

[@kathleenphillips7145]

I love Rachel’s show because she does not preach to us but provides common sense information we all can relate to. She speaks to me on an emotional level which is perfect because “emotional spending” has been my problem all along. It’s the “need” versus “ want” conversation.

[@jck6920]

Everyone, everywhere needs to hear this message.

[@TammyGates-k9f]

Re-watched…so inspired that my husband and I can become “debt-free”!! We already are generous-but are so ready to become wrecklousy generous!! 😊

[@debrajean743]

Rachel I love John as much as I love you. Have John on your show more often. Great, fabulous video!!

[@erinh888]

This collaboration is probably the best episode of the baby steps😊

[@jillanascharfenberg1698]

Rachel, I so appreciate the way you are so open about your own stumbling blocks when it comes to spending your money. Your content is so relatable and always enjoy your videos! 😊

[@sopathextra590]

Made seven figures this year with a six figure startup. If I had the knowledge I have now years ago, I’d have done things differently. Passive income is a must

[@carvalhomariomaria]

Yes I agree, passive income is great if you know exactly what to do

[@sopathextra590]

@@carvalhomariomaria You don’t have to know it all, I had help from a FA ,Donald Ben Taylor, met him at a business meeting for executives and he agreed to help me with digital assets, I started with 300,000

[@carvalhomariomaria]

@@sopathextra590 I curiously searched Donald Ben Taylor on the web, and I'm super impressed with his qualifications, such experience is highly needed personally.

[@paulocosta-zv7bd]

@@sopathextra590 Most people think they have to know it all and do it all when in fact they don’t. Donald Ben Taylor is an amazing man and he made me a millionaire

[@aikad3367]

Thank you so much for this! It’s been at least 8 years I haven’t realized my body was trying to survive (not just because of finances , but also because of other issues. And although I try to brush it off or stay calm on the outside and be hopeful, it’s always inside , and I can’t trick physiology.

[@donnaallgaier-lamberti3933]

THIS PROGRAM SPOKE TO ME: For me it is PEACE OF MIND to know I am going to be able to retire, keep my condo and be safe into my senior years. My goal is to pay off our condo mortgage and not having Cable TV is not a threat to me because this monthly sacrifice allows me to put extra money onto my mortgage PRINCIPAL instead every month. Putting every stimulus check, every income tax refund and any found money onto our principal is satisfying because it is helping me reach my main goal. Having enough cash to live for a year is my second goal to be able to make it through any kind of economic downturn.

[@dotshaw5204]

I loved this!!! So powerful but really simple as well! We have no debt and it is a great feeling! Keep up the good work! ❤

[@raymondcunanan1135]

Gosh! These topics are things i already knew but i need to be reminded of these over and over again because it’s so easy to just fall into the traps again. Thank you guys❤

[@daviniawalker5997]

I’ve totally changed my view of money when I’ve been challenged to think of it spiritually! ❤ thank you!

[@bronwynquinn4477]

Wow! How utterly powerful! Thank you both!

[@joshuabellinger267]

I love how Dr. John lost his wedding ring or forgot to put it on, so he drew one on his hand with a sharpie. That's awesome.

[@Michelle_Ellen87]

Yes!! As for giving though, there has to be wisdom and good judgment in it. My counselor just reminded me that give, give, give us the quickest way to burn out and resentment. 🤷🏻‍♀️

[@readacts2389]

I loved the giving part. I've never heard that before! Very powerful

[@john-o1g9p]

so happy to be 5 years into widower-hood. out lived her, outlived family. as e.a. poe sad, the fever dream is done. so liberating to be on my own, with my own decisions.

[@juliaespinoza573]

Thank you Rachel This 2023 I'm started Every Dollar budget So far I haven't been over my grocery budget or miscellaneous.

[@lizzabbott]

Excellent discussion. Thank you, John & Rachel !

[@radioheadfanlove]

Rachel is the absolute sweetest!! Love this show so much...my very favorite thing on the Ramsey Network! :) (and I'm a fan of tons of their stuff as well)

[@dontbeacrabgetglad]

Thank you Rachel for this conversation. You two having truly changed my life. God bless y'all

[@lindamcdermott9980]

Rachel and John, this video was so good. I liked hearing the mental, emotional and physical effects of debt, spending, etc. I am 75, raised 3 daughters and one grandson as a single, working mother with no help or child support. 50 years of $ struggle, one child had a TBI at age 5, my grandson had multiple disabilities. So challenges were plentiful and income was modest. Today, I live in a subsidized senior apartment and receive EBT for groceries. My car is paid for, but recently needed $650 in repairs, received medical bills for $300, all in the same week. To top it off, my Amazon account was hacked, for $200. My Discover card is only used for Amazon for cat food, litter and my vitamins. I pay it off every month. I have a second credit card that I use for everything else, gas, non-food items, medical co-pays, etc. I pay this off every month. My SS is deposited into my checking account from which my other bills are auto paid. I also have a modest savings account and overdraft account that I need to draw from occasionally. With these unexpected bills and the fraud bills, I still think I can get through January, but it takes everything. I am frugal, minimal-ish, and careful with my $, I simply don’t shop. I give what I can at my church and volunteer. In addition, the fraud charges were forgiven by Discover and my bank, but Amazon wants me to pay for the fraudulent purchases, they have suspended my Amazon account! You are absolutely right that it causes anxiety, I can’t remember life without anxiety. I watch several KZbin channels about managing money. At 75 and not in good health, a part time job is not an option. Occasionally I am able to sell some artwork, cash that is not much but helps when I need it. What kind of advice can you give a person like me.

[@xman666soad]

You have to stop giving to your church I know it sounds harsh but you’re in no position to help them, you need help. The church is supposed to help elderly widows. You need to focus on your four walls.

[@kimberlyhaden7617]

@@xman666soad I completely disagree.

[@everythingthathinders6922]

I think you need someone to troubleshoot for you with Amazon. One of your kids or someone from church. We're not meant to do life alone. It's hard to ask for help, but it's valuable. Also, I'd recommend that you switch out your credit cards for debit cards. You might need some help first to get ahead with your cat food and necessities. It would be great if you didn't have to use Amazon. Especially if you pay for prime. That's $140 per year you could keep in your pocket. God bless you!!

[@radioheadfanlove]

And I LOVE what Dr. Delony said re: giving without thinking so much about 'what percentage', etc...that was beautifully said. Thank you both!!!! :)

[@danetteh07]

This is my favorite Ramsey video!! I love the connections to the whys and the mental aspects of it!

[@SandraZumwalt]

Good to hear from you both on this podcast!! 😊

[@vanesssagodoy]

So much wisdom! All good things in this video! 🤞🏼

[@delisaharry8960]

Dr. D on budgeting - “There is control until you put the pen down, then it’s about submission” - so good! The control part is easier but submitting is daily work

[@NaturalWifeyandMamaBear]

Great advice y’all, as always! Love seeing all my fav personalities switch it up and work with diff ones at Ramsey. So fun and just love you folks! God bless. Thank you for all that you do!

[@susan5661]

This was amazing content going deep into substance. Plus, congrats on 300,000 subscribers!

[@目は心の鏡]

These people are some of the only people that actually give useful self help advice. In the end it all comes down to finances. They helped me get out of debt and I’m not building an emergency fund. It’s done wonders for my mental health. It can be boring content like listening to money advice isn’t really fun or stimulating but ita so helpful. There are a lot of self help books and all that out there. But they talk of whimsical things it doesn’t actually help like the DR crew. EDIT: oh and his friend Joshua Fields Milburn has a team called the Minimalists. They were the leading factor to me getting my life on track. I now wear a uniform, all black everything, own next to nothing all my possessions fit in a backpack and a duffel bag, yes it’s like 50 total possessions excluding kitchenware). Having the mindset of “I don’t need anything but the bare minimum.” You don’t end up wasting money on junk. And trust me when I say it’s all junk. I own a laptop, cellphone, tablet, some more computer stuff and a few musical instruments, and my clothes. It’s hard to get things down to that few, but it’s another level of freedom. If everything went sour (lost my job) tomorrow I could get in my car and run away to another city. I also rent so its easier to run away than if you own but the ultimate goal is freedom. Debt and possessions become things that own YOU instead you owning them. It’s these things that create anxiety and worry because we’re holding onto our possessions like life or death. Then you get your money on track and save big time because you don’t waste money, leading to more freedom. If it wasn’t for The Minimalists and the DR crew, my depression would have probably ended up consuming me to the brink and past that place depression can take someone. When you just can’t stand to be around anymore. Thank you.

[@ulysseshines7454]

So good this is my affirmation

[@lenawarelius4195]

Thanks for sharing 🙌🌼🌹🌻🌺🏵

[@buffydog21]

Wow!! So true, when it comes to spending money, although I don't always practice, what you preach. I need to stop, before I want to try to spend. Sometimes, I buy bullcrap, that I don't use or it feels good to buy stuff. That's all it is, is just stuff.

[@50SecondFinance]

A lot of times material things aren't worth it in the end!

[@sarahthatcher123]

I know this isn’t exactly in your wheelhouse per se, but it would be helpful to have some ‘wise’ guidance on ‘giving’. My concern is that I am going to be giving to ‘charities’ or institutions that are actually scamming people at worst or just not good stewards with where they spend/ give it at best. Also, if giving to people more in person that can get tricky too…how to give and not become another persons ‘cash cow’ where they take advantage and keep expecting or coming back as though you’re a bank and then it complicates the relationship. So it’s wonderful to say give ‘radically’ but I want to give ‘wisely’ as well.

[@ubwaterman]

We really enjoy this channel!! Love todays message.

[@WeBeatMedicare6969]

Are you more than one person?

[@moneymattersforeverybody]

Wow! Never really connected that freedom from debt allows for greater intimacy but retrospectively I agree!

[@Jennyinreallife]

probably one of your best videos!

[@janicelovett5457]

We have our checks automatically deposited. Each month we have a set amount that is transferred to our saving’s automatically. We know how much we want to donate each year to certain organizations. We divide that by 12 and each month we automatically transfer that amount to them. That way they know they have that money coming in. At the end of the year if we have extra then we send them more for an added gift.

[@raymondcunanan1135]

Love these two and all the Ramsey personalities ❤

[@Jaszi007]

U use the percentage for tithe as a gauge for the minimum you should be giving

[@staceyb5704]

Submission & agreeing on the direction of life: “Do two walk together unless they have agreed to do so?” ‭‭Amos‬ ‭3‬:‭3‬ ‭NIV‬‬

[@lookingforsure]

0:58 DEBT 5:19 BUDEGETING 8:48 SAVING 11:28 SPENDING 17:42 GIVING

[@V8Brah]

Sometimes you have to make mistakes to learn. A few mistakes won't make or break you, but a habit might.

[@birdsaloud7590]

Interestingly, schools and colleges and social media are pushing the ‘self love’ button which encourages the ‘me’ culture, leading to more anxiety instead of teaching to give and share! There was a reason why the word ‘selfish’ used to mean a bad thing.

[@hiddendreamer7423]

Which episode is the clip she’s referring to from? So curious to hear the whole call!

[@profitsdaily9]

"Success is the sum of small efforts, repeated day--in and day--out." --Robert Collier

[@cherilynclements3188]

I will be 65 this year and this spoke to me. I am paying on my student loan (old debt) and saving to pay for my funeral (no life insurance). I know God is in control of my life, but I think deep down I'm concerned about taking care of these 2 things...it may be affecting my sleep and rest time.

[@tonymarin909]

Look into videos of Dave about paying for funerals in advance, he dont recommended

[@kellyinfanger9192]

Listen to Tony Marin. Take that funeral off your worry list. If you have the other things on the "Baby Steps" in order; the funeral will be covered. Your emergency fund can handle it, or your estate personal representative could sell the car you won't be driving, or whatever. One less thing to worry about is a good thing.

[@cherilynclements3188]

I live with my Mom to help care for her. I don't have a house or car that belong to me. I own nothing that could pay for a funeral, that's why I'm trying to save money to pay for it; I don't want my sons to pay that expense.

[@tonymarin909]

@@cherilynclements3188 if you follow the baby steps your emergency fund will cover it. Dave always preaches that pre payed funerals are not a good idea. Im sure if you type on youtube "Dave Ramsey and pre payed funerals" something will come up

[@kellyinfanger9192]

@@cherilynclements3188 I don't know exactly what Dave Ramsey teaches about funeral insurance, but I know this much: I was my mother's Personal Representative (sometimes called a Conservator). She had bought funeral insurance. It was fine that it was paid for, but the money she had given them did not appreciate in value, where as it could have been accumulating increased value if it was invested or even in a savings account. The family would have had more flexibility if it had been savings instead of insurance. That's why I mentioned your emergency fund. Dying sounds like an emergency to me. If you want to direct those funds to burial expenses, I'm thinking that is what a Will is for. My apologies, as I am looking at the first part of your comment, you did not say funeral insurance. That was what the other commenter said. I hope I am being helpful, and good luck. Your heart is clearly in a good place.

[@SummerNickels]

Mathew 23:23 Tithes were food not money

[@meleenabradley3017]

I'm a SPENDER AND NATURAL GIVER! I'M HAVING A HARD TIME WITH THE BUDGET 😭

[@singerjo5791]

Start decluttering all the stuff you don’t use or wear. That should help in not buying more. Set a giving budget. Tithes comes first. Then give regularly to other ministries. And, tipping does help even if the service wasn’t great. Bless others. Hope this helps. These are the steps I took along with budgeting bills, gas and groceries. It brings such peace. Cooking at home, even though it is not my favorite activity, has saved us a bundle. Those drive-thrus add up. Also, we get a personal allowance to spend or save each month. It can increase or decrease as income fluctuates. Just start…you can do it!

[@mandy3486]

Budgeting allows you to give! We have that built into our budget :)

[@birdsaloud7590]

If someone is in debt, would you advise paying off the debt before giving?

[@mariacorretge6615]

So true. My two favs from the Ramsay personalities! xm

[@john-o1g9p]

the one debt no one ever talks about is property tax. i am plaaning on dropping an rv on raw land. off grid and i will still owe 100's every year. we can never escape...

[@davidmilhouscarter8198]

A co-worker of mine, his wife finished school and got a high paying job. They immediately fleeced two very expensive vehicles, take vacations, have student loan debt and a mortgage.

[@birdsaloud7590]

Does a mortgage have the same effect by putting your body under duress?

[@karenjensen2345]

The number one factor in how we chose a retirement community, was being able to pay cash for our home.

[@lakiamonet]

Whew 👏🏾 👏🏾 👏🏾

[@kellyinfanger9192]

In another video John said he is 6' 2". Sitting here he looks shorter than Rachel. I am wondering if he consciously leans back all relaxed to make the other feel more comfortable, and then leaves Rachel in the upright, more commanding position. Just an observation from someone who knows little or nothing about body language.

[@eobrien1]

People’s torso vs leg length is a big thing. I am 5 feet tall, but when I sit across from those who are 5’6” or 5’8”, I will often be the same “height” seated because I have a very long torso. Then I stand up & they will realize how short I am because I have such short legs 😂

[@karldawnlang8936]

KOOL stuff!

[@PurpleRose8725]

Is it me, or does Rachael's show have better sound equipment than the main show?

[@Docinprocess2323]

We buy things we don't need with money we don't have to impress people we don't know.

[@carloswithac]

Casting couch with Dr. Delony.

[@cazpk6840]

300k subs ! 🥰👍

[@cristiebiebuyck6199]

Cure for depression? I must have misunderstood that (crying).

[@JCtheComicGeek]

Rachel always sounds like she has a cold!😅🤣

[@loganthorp5327]

Did he have KUIU and wanted SITKA?

[@GaPeach2018]

Wow didn’t realize that Dr. D is so tiny and short. LOL

[@cfaith59]

Delonys wife should’ve been on too!?

[@bryan8638]

Give recklessly?! What terrible advice

[@singerjo5791]

From your surplus not your bill money!

[@lindawilson200]

As an investor your focus should be on cryptocurrency bitcoin to be precise as it have jumped 29.5% this year so far it has lots of grounds t cover and lots of profits to be be made trading. It is not advisable to go into the market unguided as it have shone to be a wrong move multiple time, I for one can testify as i lost thinking i can do it myself with the help of Thomas Fuller I was able recover and earn over 6 bitcoin last year when the market was in bear cycle. This year profit will definitely be higher.

[@lindawilson200]

@thomasfullerofficial THAT IS HIS USER NAME

[@lindawilson200]

That's his handle on tele graam. ' 👆👍

[@kaymork1881]

I started trading crypto in March 2022 and already made more money than my day job. I think I'll either take a part time or intermittent job later this year if I can keep the same gain rate.

[@liamrichardson1060]

Trading with Mr. Thomas signals enables me to develop my own trading ideas. Implementing his profitable trading strategy consistently have earn me 3 btc freeing me up to do other important things.

[@singerjo5791]

It is so irritating when someone hijacks others channels.

[@sarahmilner8483]

Oh, this guy🙄

[@heatherblankenship5217]

Get whole life insurance unless your term is like 90…

[@singerjo5791]

No. It is way more expensive. The goal is to have no debt and have money saved for final expenses (called being self insured). When you are younger, have more debt, kids at home you need more insurance. Term fits the bill and doesn’t break the budget. Whole life during that season of life would be like a large car payment and probably not sustainable through the seasons of child rearing, job loses, etc… Commissions are great but not always best for the client. (I am a licensed insurance agent.)

[@carlosc9872]

This guy has a lot of ppl fooled.. can’t believe he gets paid to put on this little show that he repeats over and over

[@rnt45t1]

oh, let me guess, king simp phony deloney is going to say to "man up" and give everything to women, it's okay to cry, bla blah blah blah. Ramsey & Co. is done.

[@jessem4659]

need a hug buddy?

[@thirdintegra]

@@jessem4659 I think he does lol

[@singerjo5791]

Are you being asked to sell your toys?

[@rnt45t1]

@@singerjo5791 no, because I don't welcome feminist trash in my life