Six Important Money Lessons Dave Ramsey Taught Us

[@pnwflipper2089]

Dave Ramsey has given me the financial advice my parents couldn’t/didn’t. I don’t know where we would be without him.

[@rileyj5491]

Lol, congrats??

[@kelleysciarrino8024]

Before Dave Ramsey was a wonderful man Larry Burkett. His Financial planning and budgeting information was a godsend to us in 1996. I have lived on his plan since then. He changed not only my life but the life of my son as he navigated his finances and now does even today

[@UndertheMedian]

We loved Larry Burkett, too!

[@katethielmann4244]

I really liked Larry Burkett too. Everyday at 3 pm I waited to listen on radio on Moody Radio. I still have his budget percentage guide to income. I use it also. His show has morphed into MONEY Wise on Moody Radio...90.1 Chicago.

[@marciareed5172]

​@@katethielmann4244😊

[@carolynm9798]

Besides Ramsey, I thank Amy Dacyzcyn from The Tightwad Gazette, that helped me see how to be frugal so I could follow Ramsey’s baby steps!

[@katworkstowander9853]

Amy’s books made me unashamed to be frugal. I credit her with learning to not worry about what other people think of my frugality. I had all her books and would reread them. Then I loaned them to a friend and never got them back. I’d probably still read them today though a lot of it is outdated. But the principals are the same. As a civil servant my income was somewhat limited so I frugaled my way to financial success.

[@katethielmann4244]

Her meal planning, and second hand purchasing, and all over glossary was perfect as I was a single mom raising 5 kids.

[@beckypetersen2680]

I studied her books as well. Love them! I believe I still have them in my library. I still remember her saying she wouldn't buy any clothing with the label visible so that she wasn't advertising for free for that company. Her idea that they should be paying 'me' to advertise for them instead of my buying the clothing with their label - in essence paying them to advertise them made complete sense to me.

[@ginapiano5593]

Ooooo! I'm working his plan and almost out of debt!!! 🎉 He actually totally changed my mindset about debt!!

[@UndertheMedian]

Changing our mindset was a huge part of what Dave did for us, too.

[@SiansCraftyCorner]

I've never had debt or credit cards but dave has taught me how to be thoughtful with money and i would not be without an emergency fund now ever!

[@susanjohnson6860]

BEST VIDEO EVER!!! You can feel and see the excitement you have about this subject!! Being debt free is the best feeling in the world. We have always been low income on one salary, but as Dave teaches, "slow & steady wins the race". On BS 7, retired and loving life! These are the BEST years, thanks to Dave's principles ❤

[@KLC777]

I'm on baby step #3, so that means I'm debt free except for the mortgage! I also lead a Financial Peace University class! I'm so thankful for Dave Ramsey's ministry!

[@pennybentley5125]

I have to say when i first started watching Dave I thought he was very Rude and i didn't like him. BUT I kept watching him and the show grew on me .I Have to say hes Honest he means what he says ! We now have money in the Bank 🤑 and can now help others financially. You may not like him as a person but his plan WORKS !!! 🙋‍♀️ IM debt FREE !! 😊 🎉🎉🎉 12:49

[@maryallen1017]

Listening to you two & also reading Dave Ramsey's books and also listening to his KZbin channel has changed my Husband & my life. So much valuable information coming from the best who is sharing their ups & down in getting out of debt and staying debt free. Thank You!

[@nurseallie]

Gazelle intensity and intentionality go hand in hand! Worked for us too!

[@kallistoindrani5689]

I sometimes see clips of his show and he can be a bit much but sometimes he is just the voice of reason you need to hear.

[@loydacoulombe1397]

He is super cranky, good infor but my go to is Gail Vaz Oxlade. Books and tv show now on YT!

[@marysvara4392]

She is 100% better than Ramsey when it comes to personality. And no religious crap. Love Gail

[@MC10060]

Dave Ramsey is great but Hope and Larry, you both have helped me so much. ❤

[@joanncole9603]

They make being frugal, exciting and challenging!

[@leannejayne3545]

One of my favourite videos of yours guys! Loved it! Thanks so much! Dave Ramsey also gave me the kick up the butt I desperately needed! X

[@dianerocha7303]

We did Dave Ramsey before we found him. We gleamed useful information from him.

[@elizaC3024]

Such a great video. It really punctuated what we are doing currently. We are going through our stuff and we are selling one after another, to eliminate clutter and pad our emergency fund. 😊

[@brendayoung5727]

I like Dave R but I think at this point in time he’s not up to date. I used his model but added a few things to it that made and saved me more money !!!

[@Savannah-ed4rv]

I never heard of Dave Ramsey until maybe 3 years ago, and I watched his show on KZbin for quite a while but I decided I didn't like him because of his ornery attitude. He's in the habit of calling people stupid and to me that's a very un-christian thing to say even though he's obviously a financial Guru. Some people have things in their life that happened and they don't know the best thing to do, and they make mistakes. That doesn't make them stupid. Also, he consistently says that you can make 12% in a mutual fund but that's completely unrealistic for most people. He's kind of living back in the 80s and 90s when our lives and financial realities were different than they are now. That all being said, I'm glad that he had a good influence on you and that is techniques hope your life so much.

[@allardvanderstarre]

the hard thing is to be consistent; i try to save 50 euro a week; in a year this is quite a bit

[@vikiarttherapy]

If you must go to a coffee shop to use their wi-fi, bring your own coffee! Real simple!

[@deloresredman4792]

Spending on the no spend challenge book???

[@carmenbowen2554]

Thanks for another great video! Can I please ask a question? I may have missed your stance on credit cards? If you don’t want to answer, I completely understand, but I only have one, and pay off right away, if I use it ( but am thinking about getting rid of it) I’d value your insight-y’all are awesome! Thank you!!

[@fredswartley9778]

I think Dave Ramsey is too restrictive in some areas, such as having no debt and never using credit cards. I also don't agree with his investing advice. Nevertheless, Dave helped me get started in my financial journey. His baby steps help simplify the path to financial freedom. God is using Dave to help many people even with all of his flaws.

[@phoenixrising3629]

Hi Larry and Hope, what is more important to do, pay down debt or have an emergency fund?

[@pennybentley5125]

$1,000 emergency fund then pay down debt smallest to largest 😊 Dave Ramsay way 💐

[@ParamvirDhoot]

You’re husband at lest listen my husband never he considers me stupid

[@joanncole9603]

I’ve felt that way too but in my heart I knew I wasn’t stupid.

[@rileyj5491]

SAY IT WITH ME: DAVE RAMESY IS. NOTTTT. GOD. The lack of comments speaks volumes that people are finally seeing through his shtick. Billionaire unchecked, who??!?!?

[@LauraMacMillan-el2kc]

One of my relatives hates Dave Ramsey too! Her financial plan consists of the following three steps: Apply for a new credit card. Run it up over the limit, mostly on things she doesn't need. Default on the credit card - and dishonestly and immorally pass the loss off to those of the rest of us who actually sacrifice, plan, and exercise some self-control in order to pay off our debts, maintain a savings account, and stay current on our bills.

[@tammiepowell2818]

I’m not saying he is bad but he 100% profits off of the poor and religious ignorant….I was teaching these same principles in my class back in the 90s and early 2000’s….if you sell anything you are profiting plan and simple….

[@katethielmann4244]

No one said he was. He is a man with a mind for financial stability and freedom, which is balanced and wise.

[@sw6118]

No one is saying he’s god. He’s just giving advice on “how to” plan your financial life. He has good ideas.

[@rileyj5491]

@@katethielmann4244 you people will believe anything! You are so embarrassing. Clowns.

[@thewatchers101]

Just do NOT follow Clark Howard financial advice

[@katethielmann4244]

I'm a grad of Financial Peace U, and no matter what the critics say, it is a sound path to stability, savings, and a sound mind for living on what you earn.

[@denisebiendarra5996]

I agree!

[@noreenp.9858]

Being debt free tastes better than any meal out or Starbucks coffee! I sure don’t mind eating at home and taking my coffee with me when I don’t have to worry about payments.

[@LorettaNance]

Debt free! 5 month emergency fund plus sinking funds. Sinking funds are a game changer!

[@deidrecampbell9454]

Discovering Dave Ramsey was transformational for me. It’s brought us freedom!

[@lindaidzinski1851]

Thanks to Dave Ramsey I was able to retire early with an emergency fund and peace of mind.

[@kimford-cc1tk]

Hope and Larry were the first step for me to become debt free. I only have my mortgage left to pay off

[@noreenn6976]

I borrowed his book from the library 10 years ago. The audio version, his yelling at me is just what I needed.

[@tressalewis7004]

You guys being able to pay cash for your second house… I called that a God thing!

[@evasanz3466]

I discovered Dave Ramsey back during the lockdown in 2020. I was unemployed. I'm European and it was a big surprise for me to discover people needed his "baby steps" when those are just pure common sense. My grandparents, who survived a war, told me always how to live on less, be frugal, pay cash for everything (including the house), and enjoy simple things in live. But of course, I didn't realise how deep consumerism is ingrained in North America and how unhappy people are in general. I really appreciate the job The Ramsey team is doing for you guys.

[@beckypetersen2680]

I know. No kidding.

[@pkmat6786]

Debt free!!!!

[@thebestwillow]

Can't believe we've got to this place where it's so normal to be just perpetually in debt.

[@Shantelle6253]

I still find him mean, rude and crass to this day but some people aka me in 2016 need that "You made this mess. Now what are you going to do about it" message. Debt free due to the Baby Steps. Current savings going to new teeth then Saving for land. One large goal at a time!

[@lizs1760]

Yes Dave is blunt but we needed that blunt honesty to wake us up. Debt is so normalized nowadays we truly believe a car payment was normal only the rich didn’t have them. We are almost debt free and lots of the advice that helped us was from Dave. Also EveryDollar is a game changer.

[@staceypennington919]

I have his book and need to finally sit down & read it. I am so tired of living paycheck to paycheck. I am so ready to get out of debt.

[@stephaniegaddis1716]

Larry Burkett and then Dave Ramsey taught us SO MUCH about managing money!

[@MOM09530]

YOU TWO ARE INSPIRING!! Thank you for this❤

[@writercard4]

I really appreciate the way you explain frugality . It helps to understand why

[@AnUrbanGypsy]

Recollections may vary 😂. There’s nothing worse than having too much month left at the end of the money.

[@alishajennings2013]

My husband and I were given this book as a wedding gift when we got married 11 years ago. We followed the steps and now we are a 1 income family with 7 children one of which is extremely special needs. I quit my job as a nurse to care for him when he was born almost 9 years ago. Our house is paid off, we have substantial savings. I obviously don't want my husband to lose his job but if he did we would be okay. It feels amazing to own everything and know no one can take your things away from you. If something did happen we'd cut down to the 4 walls again and live on savings until income was restored.

[@rg-mi5hh]

Dave Ramsey is very good. Have learned so much from him.

[@cindypatrick785]

We’re on baby step 2, small balance on last credit card, then ready to start building up our emergency fund. We have 4 rentals( 2 pd for, 1 small mortgage on 2 combined) .We will sell 3 of the rentals and keep one for income in retirement.that will help us fund the emergency fund quickly ( husband is 74 , I’m 67)to be able to start working on our home mortgage in order to finally be 100% debt free!!! Thanks to the gift of my share of inheritance from the death of my beloved daddy in March, we will finally be in position to finally retire . 8:30

[@Kyla94934]

I read total money makeover about 3 years ago and it totally changed my financial life

[@pnwflipper2089]

Dave isn’t crass, but he is blunt!

[@TheLittleFifeCottageGarden]

In my country I’ve never heard of Dave Ramsey but guess he is a household name in USA. Always made me chuckle that there is big money to be made by the “pros” in selling products to people which tell them to stop spending. Swings and roundabouts hey. Keep up the good work Hope and Larry ❤

[@0773heidi]

One of the problems I got is how do you save when all your money goes on bills x

[@sharonfleshman6961]

That is where their plan to cut 10 percent from all of your budget categories comes in. They have a video or two on how to do it. You probably aren't going to cut 10 percent from EVERY category but it is a nice sized goal. When you are living paycheck to paycheck an extra $100 makes a big difference. It can be an entering wedge to create more savings.

[@lindadorman2869]

Dave Ramsey's plan is instructive for many people, especially the first 3 baby steps. But it falls apart after that because it's designed for the traditional household - married people with dual income potential, children and home owners. That said, the general principles you outlined work for everyone.

[@pnwflipper2089]

baby steps 1,2,3 & 4 are basically for everyone. He does say that 5 is optional (saving college $ for kids) and he also says there’s nothing wrong with renting instead of owning.

[@sharonfleshman6961]

I adjusted the plan a bit because I am single. However, I needed the plan and the vocabulary to work with, especially as a single person. I didn't have another person to bounce ideas off of--Dave's plan was that person.

[@ParkDari]

We took Dave’s advice 25 years ago and bought a foreclosed downtown condo. We paid it off in two years and 11 months. This allowed us to cash flow our child’s Catholic education all the way through high school. We followed every baby step all the way to FI. Being able to save money live a minimal lifestyle well below our means really feels like a superpower.🤣🤣

[@UndertheMedian]

Love your story!

[@rochellethundercloud346]

Dave Ramsey taught me to say no Avoid peer pressure Buy with a purpose

[@cathylingo9521]

I had a 1980 Chevy Chevette! My first car.

[@grannyprepper1181]

I went through my social security of $1289. , yes your looking at it right $1289. per month. I did manage to trim 5% for savings $65. a month.

[@katworkstowander9853]

Hi Hope and Larry! I read “Making The Most of Your Money” by Jane Bryant Quinn when it first came out and I credit her book with my getting on the right financial track. This was before Dave Ramsey became a thing. I also occasionally watch “ The Money Guy “ KZbin channel; they have a Financial Order Of Operations which has more steps than Dave and they aren’t bombastic, which makes them more palatable for my purposes. Regardless, the keys to my success were definitely living below my means, setting financial goals, and being debt free for the most part ( I had a mortgage and for a short time, a car loan).

[@Hendricana]

Long time subscriber here. Love you guys so much 😂 somehow you cheer me up and encourage me every time. May God watch over you guys forever ♥️🧡♥️

[@gretchenshafer8087]

Love Dave. The only thing I really don't feel like is a "one size fits all" is the CC topic. Not everyone is a CC person and if you aren't don't use one! I treat debit and credit like the same, but I get that he can't really adjust the rule and make exceptions. Overall. I love his advice and it has really been helpful for my mindset about purchases and guidelines to decide how to spend your money and build wealth!

[@dalehamilton8762]

Been depth free for over 14 years. Have emergency fund and fund for vacations.

[@pennyheinrich5552]

It's important to live below your means and be debt-free... have a financial cushion. But I learned that from my parents. My parents did the envelope system well before Ramsey! Every month they sat at the table, went thru bills and their written budget... and taught the kids as well. There are times when I find Ramsey out of touch with the real world for the "real people". I'd like to see him go to the grocery store, look at prices and decide what to buy and what not to buy. :-)

[@deloresredman4792]

I,agree he's crass.

[@beckypetersen2680]

Crass is Caleb Hammer. Thankfully they bleep out the f words.

[@victorwadsworth821]

Never heard of him before.

[@beckypetersen2680]

He's been on the radio for over 30 years.

[@victorwadsworth821]

@@beckypetersen2680 All I listen to is classical.

[@kallistoindrani5689]

👍👍👍👍👍👍👍👍

[@JolanaKonarikova]

👍👏👏👏

[@frankcoker4871]

Joshua Becker is much better than Dave.

[@pennybentley5125]

People can Learn form both 😊

[@chaoticallysay2625]

Boo on you both! Dave Ramsey?! I like you're tips though hope and hubby. Anyways i like you 2 not dave ramsey.

[@UndertheMedian]

One of the first lessons we taught our sons was to learn to "eat the meat and spit out the bones". Just because you don't like his personality, doesn't mean that Dave Ramsey doesn't teach some lessons that are worth learning. I would encourage you to watch the video. I admit in the beginning that I found Dave a little hard to swallow, but that we gained specific (and important) insight from him.

[@katethielmann4244]

I find the harsh rejectors of Dave Ramsey are those who have no discipline. None. They live on debt and on waiting for their pay check.

[@pnwflipper2089]

That’s a real pretty top Hope! Looks like something Princess Kate would wear!

[@UndertheMedian]

Thank you!

[@jessicamcnair553]

What if you've already bought the finance planner bundle last year?

[@UndertheMedian]

The additional bonus materials are only for this sale. Sorry.

[@jessicamcnair553]

I'd honestly be interested in purchasing the additional, just not the whole bundle again, if you wind up making that an option. I really enjoy your content, advice, and even your relationship with each other and how you relate to things.

[@donnalindsey611]

People don't need Dave Ramsey

[@pennybentley5125]

Not if they are Debit free No 😅

[@Maililnajul]

I listen to you guys just because I like money talks and the occasional personal thought or photo. I have listened to a lot of Ramsey derivatives also. My one big issue with his advice is the no credit card philosophy. We have and have had credit cards for 51 or of our 53 years of marriage. We only had a debt with interest 1 time on the credit card when we moved to this house 38 years ago. Paid off very quickly. Now we use credit cards in lieu of debit card as they are safer and not connected to our bank balance. We get money back or points on transactions. I transfer money from bank to pay during month so there is never a balance with interest. Saving, wise spending and financial security are a mind set. I think you guys have that.

[@daydreamer820able]

Love the video. Kinda lost here because Im a single mom of 4, I'm taking care of my baby brother who has cancer and our mother. All in a salaray of $33K on one salary alone, I just dont know what to do. Debt and our rent being so high, it takes almost both my paychecks. Welfare won't help much, and I just don't have the energy or time for a second job. When I was younger I did have another job. Now that I'm older, I just can't physically do it anymore. I have tried budgeting and I have written down where everything is going but after everything gets paid I'm left with $80 ans when its rent week I'm $40 😢. What advice do you have for me @underthemedian