Steve Harvey Said Debt Freedom Is Impossible? - Dave Ramsey Reacts

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[@TheRamseyShow]

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3hc6Pgt

[@blackonblack...9244]

Dave I'm surprised to hear you say the news have lost all their minds. So, a certain someone was right then.

[@livefreeordie5769]

I am debt free and suicidal.

[@blackonblack...9244]

@@livefreeordie5769 Happy your debt free, but get help, seriously.

[@philipvecchio3292]

I would love to see Steve Harvey and Dave Ramsey have a Celebrity Arm Wrestling Match for Charity.

[@StefanPretorius]

The gentleman is from South Africa, wish we can get hold of him

[@MrSdragon197]

My wife and I are debt free including the mortgage since we were in our early 30s. Best thing ever.

[@adrianfernandez6468]

Same here feels great

[@palazzolo85]

Great work!

[@tompain2751]

That's imposible!

[@amandameyer3967]

Same for us! Debt free June 2020 at 41!!

[@bradscrazylife4269]

35 and I have a car payment. That’s it house is paid for

[@laylow8648]

Mr. Harvey, My Spouse and I are multi millionaire’s and 100 % Debt Free since 1988. We did it and we didn’t come from money. I barely graduated high school by the skin of my teeth. I have no college degree. My first job was as a Janitor and my wife answered the phone at her job. It feels great to be blessed and financially independent . 😀 Now that’s an accomplishment to be proud of.

[@DustMan77]

Good for you both! I have the same goal. Well maybe not millionaire but just comfortable. With your back ground, how did you manage to do it?!

[@leandra5248]

Thanks for sharing your story is inspiring.

[@angelap32]

Very well KUDOS to u and your wife that's soo AWESOME!!!👌👌👌

[@laylow8648]

@@angelap32 thanks

[@PorshaLaVieBelle]

wow 😍

[@jeffreyjohnston9920]

I'm debt free and listening to Dave helped me get there.

[@t193u]

I’m completely debt free, & Dave helped me get there as well! I was shocked to hear Steve Harvey say that.Dave is right!

[@bentackett6299]

Jeffrey Johnston great job 👍 Listening definitely helped but you did it! CONGRATULATIONS 👊 I'll be there next week and yes, Dave was definitely key...

[@raulmateo6977]

Yeah but you are not moving on, just because you paid your car doesn't mean you made it.

[@tylergnosis2581]

Congratulations

[@rhenry212]

Debt isn’t good or bad it’s a tool

[@DebtFreeDana]

It’s totally possible! ✋🏻 Hope that gentleman doesn’t give up on his dream. It IS a milestone to be proud of.

[@2b4evermusical]

@Debt Free Dana I hope you and your family are doing well. I miss your videos. I hope you start posting soon. :)

[@carlpony1274]

Hello

[@rayjgold]

Using debt to get rich is also something to be proud of.....especially since it doesn't involve living on rice and beans and buying only used cars until you are a millionaire. You have to be smart to succeed at what Steve advice.....you don't have to be to follow Dave....which why Dave's advice is better for most people.

[@peanuttheamericanakita9485]

That gentleman? You don't know who Steve is!??

[@rayjgold]

@Darrel Dragonheart If you believe that Steve has 25Million in IRS Debt, then you are a blind follower of Dave, and your opinions have to be taken with a grain of salt. Steve paid off that debt years ago.....and didnt have to live off beans and rice or stay out of new cars to do it.... Dave's way, is A way....Not the only Way.

[@Howdy762]

My wife and I are 100% debt free!! Our home is also paid off! we're 24 and 23!

[@private9260]

You clearly had a good support system to start. Many of us have been doing everything on our own - with no safety net, support system, or help - thus requiring us to take out student loans and barely making enough to pay them off plus pay rent. Good for you though, that's how it should be for everyone, but reality is most of us are not as privileged and through no fault of our own.

[@stevenporter863]

@@private9260 He had a good head start as opposed to starting with nothing.

[@neverstoplearning7214]

Congratulations!

[@alp.9672]

You don't get a cookie for being privileged, just be happy about your situation that vasty majority do not have.

[@coach9410]

@@alp.9672 🤣🤣🤣🤣right probably got an inheritance!

[@aprilracine]

He has also said that you can’t make money or be successful if you are a late riser or if you don’t get up early in the morning. I’ve managed to get out of debt, including my mortgage and build an emergency fund and invest in my retirement while being a night owl.

[@alantinoalantonio]

Here, here! 💯%

[@pep590]

Way to go April!

[@12CANTMATTER]

Steve is a workaholic. I was a big fan of his show for a while and he said a lot that shows his beliefs. He wants to be working that’s why he has this mindset.

[@KazzArie]

Need more stories like yours 😄 congrats

[@JenniferJones-bo1rx]

Congratulations 🎉

[@krobdawg]

Btw I don't see how people think Steve Harvey was joking in that clip. He was serious

[@margareto1600]

Started to listen to DR in November 2020, was debt free by September 2021. Still not sure how we were able to pay off 60k... intentionality I guess:)! Thank you Dave Ramsey! Praise to God 👏🏻!

[@tsal9406]

Did he really say that!!!???????? The people that trust in his word!!! Why would he say that! How foolish!!! Dave's right besides giving out financial advice he crushed that guy's dream. I'm so frustrated!

[@blackonblack...9244]

Yea, he's said a lot of controversial stuff over the years. I've stopped listening to him a long time ago.

[@topcomment3816]

OPM is how I became rich and it’s how Steve became rich. You’re frustrated that Steve is sharing with others how he made his millions? He was helping the kid.

[@tsal9406]

@@topcomment3816 the statement wasn't about becoming Rich. The statement was about becoming debt free, not being beholden to other people's money. Now if you owe people money you need to deduct that from your networth because it's not yours and you're living on someone else's dime. If you are referring to the concepts from Rich Dad Poor Dad that is something completely different and does not negate being debt free. What Steve and you are suggesting is completely reckless and will leave the common man beholden to another, shackled by financial slavery thinking it is okay to keep borrowing money to finance their life.

[@tsal9406]

@@blackonblack...9244 I can completely understand that. I have struggled with some of the things he has said over the years too. This just baffles me and it's so misguided.

[@rachellebrooke4614]

Well said!

[@lj6079]

I totally agree with Dave, don't give financial advice. I was in a state where I even felt suicidal due to not seeing a way out. I now only have the mortgage left to pay off

[@lassonross3928]

Congrats, I'm right there with ya

[@blockawocka4026]

How did you manage to clear your debts ? I’ve suicidal thoughts and want to give up sometimes. And I’m on myself so I can’t get help.

[@tiffanymccreary1072]

@@blockawocka4026 pray, watch and call Dave Ramsey and follow debt plan.

[@timothysmith7080]

Not only is it possible. Listening to Dave and just doing what he tells you will help get you there.

[@ozarked2363]

Oh yeah Steve is right. I used other people's money to pay for college, buy cars, buy a house, buy a business, and buy recreational land. All totaled it cost me about 1/4 million dollars in interest. That was then. My wife and I saw the light about 20 years ago. We have been debt free since 2016.

[@alinatamashevich3354]

Never forget, interest steals your future...today.

[@Throwaway11225]

well it depends on your life style... Some one who has a career and job security may work late hours or may work a job where they can be flexible! However an entrepreneur has to wake up at 5am to 6am and may not go to sleep at all to began with.

[@Iburn247]

Just started listening to Dave about a year ago. I have always done fairly well for myself and have a wife and daughter. My wife was recently and permanently wheelchair bound so it made things extremely difficult. Long story short I decided to take Dave's advice on a paid off house and sold my house in Massachusetts and then bought a place in Texas with land outright. Hoping it helps

[@Jsart87]

All the best Adam. You got people rooting for you. You’re a good man to take care of your family. From what I’ve read I’m almost certain you’re making all the right decisions.

[@user-ex2yt1pl6u]

I am sorry about your wife.

[@weldinggirl]

@@Jsart87 I’m with you I’m rooting for him as well!!

[@lifeisbeautiful9455]

I just moved to Texas and I’m buying a home … God is good, I live in a luxury high rise. I have resilience and I’m debt free

[@theGrayArea2]

The look at that kids face when Steve said “that’s never going to happen” was cringe worthy. His family was even like Wow, okay Mr Harvey

[@millsathn]

Yep. Felt terrible watching that

[@jessjenkins5474]

Jaw dropping! He's an absolute fool if he truly believes this.

[@PowerNGlory]

He is a comedian, Get over it.

[@theGrayArea2]

@@PowerNGlory he may be a comedian, but he still has a brain and a responsibility to empower people using his platform.

[@lonidinh6216]

@@PowerNGlory we all know he’s a comedian. It’s laughable that he announced the wrong winner in a beauty pageant. I believe it was miss America pageant. And still has a job. I would have been fired if I made a snafu like that

[@Mosima_01]

The contestant is actually South African: That’s Family Feud: South Africa 🇿🇦. I am a South African & because of Dave Ramsey’s philosophy I live a debt free life.

[@MzansiRoadz]

My fellow South African 😁. Was scrolling to see if anyone actually picked up the fact that the family is from Mzantsi 🇿🇦🇿🇦. I pretty much just posted exactly what you said a few minutes ago. Keep pushing on with that debt free life sisi even down here in Sata Afrika🙌🏾🙌🏾.

[@smack217]

“OPM” (other people’s money) means you AINT GOT NONE for yourself.

[@Alexis-wu7gk]

Dave is 🔥🔥🔥🔥 he roasted Steve with one simple fact. 🤣 I'll continue with Dave's advice, being debt free is the most peaceful state to be in financially.

[@dukesavage2552]

It’s not a fact unfortunately, he paid that off a long time ago.

[@hipstergod]

Steve was 20m in debt due to accountant stealing his money when he sent money to pay off taxes so...

[@insideoutsideupsidedown2218]

@@hipstergod so, he still owed the money…

[@hipstergod]

@@insideoutsideupsidedown2218 so? They are using the fact that he owes money to the irs to discredit his valid info. He wasnt in debt to IRS due to his own choices but rather someone elses stealing from them. It's completely out of context to minimize his point

[@sobeliever1638]

@@insideoutsideupsidedown2218 a correction is to make sure people don't get the wrong idea of why something occured.

[@arroz1971]

Steve had 25 million owed to the IRS several years ago but he worked every gig he could and paid off the debt. He has been fine ever since.

[@I_like_turtles_67]

STEVE'S still a simp though.

[@kenton103]

Exactly

[@raheelakhtar7]

His accountant was stealing his money.

[@ToluDina]

He should not have paid it off if debt was good.

[@hipstergod]

@@ToluDina his accountant was stealing his money, he was paying it off. When he passed the money to accountant to pay off his taxes the accountant would steal that money so he wasnt 20M in debt out of his own choices... A simple google search would show how bs this entire episode is.

[@a.h.2667]

The contestant simply answered said he wanted no debts, he wasn't asking for advice Steve, lol.

[@rayjgold]

So if a homeless person asked me for food, you would feel that I would be a bad person if I shared a way to get out of homelessness as well, if I was once homeless too???? because he only asked for food and not advice?

[@fabbz94]

@@rayjgold what are you talking about? And just fyi my dad always told me if someone tells me they are hungry I should always buy them something to eat. I always get someone hungry something to eat.

[@Alexis-wh2de]

@@rayjgold Steve Harvey did a dumb thing. That's because Steve Harvey assumed instead of questioned. He assumed that that man wanted his advice, assumed that that man would value what he said, assumed that that man never heard about OPM, and assumed that that man desires to be rich. What does being rich have to do with being debt free? Those aren't mutually exclusive. Steve sounded dumb because rather than ask the right questions--something every good advisor in anything does--he just emotionally reacts. He should have just stayed silent and moved on.

[@rayjgold]

@@Alexis-wh2de You are doing the same thing he did. You are giving your opinion, that no one asked you for, and are saying what you believe to be truth......which many others disagree with. Now should we shame you, or allow you to say what you honestly believe to be true and helpful to others?

[@random-nz7dy]

@@rayjgold nobody said he's a bad person for sharing his opinion. Also your analogy doesn't really work. The more proper analogy would be if a homeless person told you one day they want to be able to afford rent on their own and you told them that's never going to happen and that the only way to have a place to live is by living on someone else's dim

[@casz7098]

It's 100% possible to be debt free. It's possible to actually never be in debt in the first place.

[@rayjgold]

And it is 100% possible to get rich off debt. But you have to be smarter and good with money to do so. But yes....anyone can live off rice and beans for 20 years and pay off any amount of debt.....or live in a small apt for 20 years and save up to buy a house cash. One way isn't wiser than the other.....it is personal choice.

[@reptilesgamers00]

@@rayjgold neither are exactly fun. Both take work in different ways.

[@teejay3082]

True. I haven't been in debt so far

[@bighands69]

There are some people that will never get out of debt because they simply have too large a debt, not enough income and not enough years remaining. That tends to not affect the vast majority of people but there are one in a thousand like that.

[@joshb7415]

explain how you can ever own a home without going into debt? you cant

[@sweetfayce18]

I love Steve. I listened to the morning show and Dave is right. Recently he went into a deep depression about his debt. I’m sure he already contacted the guy with an apology.

[@deb9806]

He said his mistake was not doing or looking at his accounting himself and didn't know until he died, his accountant didn't pay. He said" I sat my wife down and she cried and I held her and I told her it was going to be all right; I was going to get us out,” he said. “I just went to work. I took every gig and every contract and I worked and worked. I hung in there and I had a big deal come through in 2012 and I got free. And it’s been OK ever since,” he said." I don't think Dave was fair since he also got into trouble and he knew what he did. Giving that advice was wrong though.

[@canadianqueen76]

Steve did payback the 25 million dollars to the IRS by taking on a lot of paid contracts. He must’ve been triggered by the debt free answer.

[@PorshaLaVieBelle]

good b/c that was dumb advice Steve gave to that young man

[@geezusfreek1]

To get 25 million in debt suggests he is not a money mogul.

[@jdubb200]

@@geezusfreek1 But Dave has file bankruptcy multiple times. So that means he's not a money mogul either with that thinking.

[@geezusfreek1]

@@jdubb200 once...my gawd. And he admits it. He talks about being stupid with money.

[@hipstergod]

@@geezusfreek1 Steve was 20m in debt due to accountant stealing his money when he sent money to pay off taxes so... it wasn't his own mistakes rather someone taking advantage of his wealth.

[@Astro95Media]

I love Steve Harvey but don't listen to him when it comes to money. I paid off six figures in debt in three years and now I'm building wealth and my daughter's college fund. It CAN be done!!

[@musselmanmedia5236]

steve is also a womanizer look it up

[@larryhawes8295]

Steve Harvey paid off $25 million in debt. Doesn't make your accomplishment any less but he apparently worked off the $25 million.

[@Astro95Media]

@@larryhawes8295 Which is great, but it goes against what he said on the show. That's my point.

[@larryhawes8295]

@@Astro95Media and your point is well taken, just wanted to present another side to the story that Dave neglected to point out.

[@Astro95Media]

@@larryhawes8295 They did point it out. But the point stood that his advice was wrong, especially in light of what he's done.

[@bvintage316]

Would love to see the Ramsey team find and help that young man!

[@randomneuralfirings]

Steve Harvey is a great game show host. He's taken Family Feud to a new level of popularity. But that's awful financial advice, especially to someone who isn't already wealthy.

[@Bertuzz84]

It depends if its good or bad debt. If i had rented instead of taking a mortgage to buy a house, my net worth would be far lower. At the same time my monthly housing expenses would be much higher from renting, and keep going up every year. I agree that CC and Car loans are trash debt, that you shouldn't take on.

[@droid2D2C3P0]

@@Bertuzz84 Dave isn't against mortgages

[@MichaelJones-rn2pq]

@@Bertuzz84 If one has a healthy down payment, then buying is better than renting. However, people fall into the trap of rushing off to buy a home with little or nothing down, and that first year goes largely to interest, rather than paying down the debt. It's about the same as renting, except for more risk. One should save up 25% first, even if it means renting a couple of years.

[@charlesg7926]

The reality is that Steve Harvey wants to keep the kind of people that listen to his show, poor. He wants to keep them poor. It’s unlikely that somebody that rich, could be that ignorant. He’s not rich because he’s an athlete…, he’s rich because of his social IQ and personality. And partly black privilege, yes. But nonetheless, it’s unlikely that he’s really that stupid. Which only leaves the possibility that he is giving bad advice on purpose

[@droid2D2C3P0]

@@michaelpalumbo4880 because he knows that the vast majority of people will never be homeowners if they have to buy houses in cash. Plus houses are appreciating assets unlike things like cars or other toys. He has a philosophy for mortgages to keep you from being house poor and recommends buying rental properties or vacation homes ect only with cash. He's a hard head but he's realistic.

[@Leftists_are_Losers]

A good rule of thumb, Never take financial advice from someone who is $25 million dollars in debt. I don’t personally know anybody with that much debt, so this rule will be easy to follow.

[@kylenelson4143]

But is worth 200 million

[@Spladoinkal]

@@kylenelson4143 yup. If he's using 25m to make 200m you probably SHOULD listen to him!

[@sjinvestors250]

Some of you guys don’t understand. Use other People money. Mr Ramsey was in debt

[@Leftists_are_Losers]

@@sjinvestors250 “Was” being the operative word. Ramsey was deep in debt until he rebuilt himself and isn’t in debt any more.

[@sjinvestors250]

@@Leftists_are_Losers Steven Harvey got out debt as well do your research what’s the difference

[@ladysparkle6784]

Thank you Dave I’m debt free! No wage slavery in my house.

[@lifemagnificently5474]

Please have Steve Harvey on this show, the conversation will be transformative.

[@JJ38255]

Yeah but Steve might not like it when Dave tells him he has to get another part-time job delivering pizzas to pay off his $25 million in debt. 😂

[@partyboijojo]

@@JJ38255 did you even look up why he has 25 million dollar in debt even though he’s worth 200 million?? He got into it with a very bad accountant . Ramsey just hating

[@JJ38255]

@@partyboijojo Dang that accountant is dumb. I'm pretty sure that accountant can't afford his lawyers and lawsuit when he gets sued

[@Bepeze]

I'd love to see that. I completely agree with you because the two totally oppose one another financially. It would be a great town hall to give America a true look at where we are

[@jairogiraldo6270]

None of the guys that have this philosophy will go because they know that it will be the never ending debate. Both work but it depends on a lot of different personal factors. One of them being where you are at financially.

[@irwingiles5349]

Steve the man said "get out of debt" not " how to get rich".

[@alantinoalantonio]

More often than not, they're both intertwined. Long-term mindset and discipline.

[@topcomment3816]

Exactly. His point was paying down debt was the worst way to get rich. Don’t be so quick to discount Steve. He knows what he is talking about when it comes to money.

[@jaredfrazier2216]

@@topcomment3816 apparently he doesnt

[@LOUDNPROUD]

The issue with what Steve said is this… HE MIGHT use leverage to make most of his money or to do his investing. BUT even if it can work that way, he didn’t explain it enough for the every day person to understand. All he told him was debt is good and use other people’s money. Without being specific to the difference between the type of debt that kid was referring to VS the type of leverage Steve was probably referring to. The average person hears “debt is good” and they don’t rationalize it and just assume all debt is equal.

[@donadams021355]

I'll agree with you this far: all debt is NOT the same. Some is terribly destructive, while other is merely mildly stupid. Kinda like cancer. Some is worse than other, but no one wants any of it.

[@donadams021355]

@Goneeupdwwu It would be unfair to not recognize that more than a few have become rich using OPM. My advice would be this: it can be done, but it is a risky maneuver, and the risk is more than a reasoned calculus would support. But it can be done. I’m simply of the opinion that a person, having dodged a bullet, should not conclude that dodging bullets is a wise and normal course to follow.

[@briankeller788]

Debt sucks anyway.

[@tsimmons1974ts]

Wow it's the diesel guy Loud and proud, good evening Dude 👍🏾

[@jakem7591]

You can use debt to your advantage.

[@admiralrustyshackleford119]

I'm guessing I've got maybe 10 or 12 years on that young man, and I've never been in debt. Listening to Dave helped me figure out saving for retirement, the rest of it came from being raised by an extremely frugal father who always preached that if you cant buy it with cash you don't need it.

[@ONLY1KUDWE]

Superb advice

[@kentuckybred1]

Yes

[@Baasicstuff]

That family was not buying it

[@craigfin3222]

Dave's Method is not a way to become rich or wealthy, its a way to live a comfortable life without debt worries. Steve is right to an extent, many people have taken out loans and used it successfully to gain massive fortunes, granted you should strive to reach the point where you can rely on your own money but you gotta start somewhere. Now Dave's way is right for a lot of Americans and Steve's way is right for a few Americans. Issue is that everyone thinks they can do Steve's method, but in reality they do not have the know how to pull it off and will likely end up broke, and in more debt. So most people would be better off with Dave's method and just live a comfortable life.

[@marvina8536]

Agree, everyone believes to be “that guy” but few are.

[@masiloful]

Well said

[@Masterofnon3]

AGREED

[@Billman8686]

Not true Dave teaches how to build actual wealth. Not this inflated negative net worth appearance of rich.

[@quintinbonner]

Tell this to the baby steps millionaires 🤦🏾‍♂️. You dont have to give sophisticated advice to become wealthy

[@j.a.woj.5131]

It's impossible -- when people keep thinking it's impossible. The longer the mindset is kept this way, when there is no direction or drive or hope, that's when this STAYS impossible. On the contrary, it IS possible. Others have done it. I used to think Steve Harvey was a good motivator... Until this clip. Not any more.

[@Trillzzy3]

Fans are very wishy washy and fickle, 30 seconds clips usually can get them to not like you … perfect example ^^^

[@gwenbaggett]

I would have liked to hear the rest of the clip. Next, how do we know Steve did not go back after the show and clarify. Stop roasting the guy. Also, he has more than a little game show and he does more than be funny. Wealthy people use other people's money. They don't pay their taxes. You know some.

[@Trillzzy3]

@@gwenbaggett 🎯

[@alwaysevolving281]

Wrong or right. That was a really weird thing for Steve Harvey to say in general lol.

[@lonidinh6216]

Oh wow. Steve Harvey is a celebrity and to make comments such as OPM on national tv has made me want to regurgitate my lunch. This is what’s wrong with the country and its attitude. It is being looked as an outsider if you are debt free. I am happy to be an outsider because I am laughing all the way to the bank. Thanks Dave Ramsey for educating us that being debt free is great.

[@DHFlip18]

He's the type of guy to borrow someone's car and bring back a mess. I take care of other people's property better than my own. If you borrow money, be a man and fullfil your obligations.

[@hipstergod]

@@DHFlip18 no hes not, Steve was 20m in debt due to accountant stealing his money when he sent money to pay off taxes so... it wasn't his own mistakes rather someone taking advantage of his wealth.

[@DHFlip18]

@@hipstergod You have a valid point indeed, but he hired the accounting firm, did he not? This is why I sign and send out my own tax checks and not rely on others. Now considering what you're saying is true, he may have been a victim of fraud, which he can sue the accounting firm for and recover damages. I still believe being debt free is possible and thanks to Dave Ramsey I'm almost there.

[@King-zx4qr]

@@DHFlip18 I don't think it was a firm, I think it was just a single accountant, and Steve only found out that the accountant hadn't sent the money to the IRS AFTER the accountant died. Nothing could be done and Steve still had to pay the money.

[@DHFlip18]

@@King-zx4qr Who's final responsibility is it to make sure the IRS has been paid? Steve Harvey. He didn't do it intentionally, nor was he aware, but it's still his responsibility.

[@CurlyStruggles]

Steve was in debt to the IRS years ago. Disagree with the present tense used during this segment. I would LOVE more Ramsey reacts to video clips!

[@DannyNomad]

That just strengthens the stupidity of his statement. Why did he get out if debt is so wonderful?

[@alexandracosso6706]

They said he paid it toward the end of the video.

[@eddieblake097]

the only issue with opm, is when you can't pay it back.

[@RobertBaker-l7t]

The contest was most likely talking about consumer debt... Steve is talking about investment debt real estate business etc etc .

[@GoRun1982]

People want to be wealthy, and rhey are willing to take huge risk to get there. I'm not. I'm with Dave on this. Living with no financial concerns sounds way better. My opinion

[@ro992]

*It's possible Mr. Harvey. It starts with being thankful for what you already have* . *I agree with Mr. Ramsey, "Don't be a dream killer" . Empower* !

[@pough]

I’m debt free except my mortgage, and steadily chipping away at that. Don’t take financial advice from a game show host.

[@oslotismcboom6733]

You're not debt free then

[@kukengamusesa6263]

Am from Zambia, I want one day come there and scream,I have no debt, am following you people and am blessed

[@TechnopreneurArlene]

watching from the Philippines ❤ loving this show so much! soon I will be debt free 😊

[@LuciaCasucci]

Thank you Dave I have been debt free since 2018 thanks to your wisdom

[@bjkarana]

I think Mr. Harvey was referring to how get rich via business leverage, not personal finances.

[@David.D3]

The problem is the young man had a dream to get out of debt because they are currently in debt. Then Steve Harvey's first words are "that's not gonna happen. " It's like asking a child what do they want to be when they grow up and they say a doctor. Then telling them 40% of college students dropout from a 4 year university and only 25% complete their program. It's a dream killer.

[@bjkarana]

@@David.D3for sure. General advice to stay debt free would have been the correct advice for that young man.

[@md-wg4bz]

Yes, I have heard Steve Harvey say he has purchased ALOT of acres in Texas.

[@krobdawg]

I would pay to see a Dave Ramsey and Steve Harvey debate

[@b3nzy581]

Debt is NOT ok!!! My life has changed so much since paying everything off. Giving has become fun because there is zero guilt knowing the money should be used to pay something. I actually have money at the end of the month.

[@Themoomabides]

You can see how defensive Steve got when that kid said it. Steve felt like he was talking only to him.

[@dawsonferrigan6443]

Steve Harvey is worth 200 million dollars and that kid is not and you think Steve Harvey will get defensive and insecure over him? Lol Steve Harvey is just as rich as Dave Ramsey. And just remember Dave Ramsey was Millions of dollars in debt and you know dang well he kept and hid some of that money when he filed for bankruptcy.

[@sXePunkV2]

@@dawsonferrigan6443 imagine defending a clown like Steve Harvey 😂😂

[@BiggSneaddd]

@@dawsonferrigan6443 😂😂😂🤣🤣🤣

[@Ewalk.213]

You read way too deep into that lol

[@wittyusername9544]

@@dawsonferrigan6443 how do you know he is worth 200M ? I would have thought so too but seeing his attitude with debt, how do we know his liabilities don’t exceed 200M

[@random-nz7dy]

That was such a weird response by steve. Like his tone just became very weird But don't you just love our current culture and how it's just all about "let someone else do the work".

[@BlackScreen55]

George: “If anyone contacts me and I’m their one Make A Wish.. they’ve led a sad life”😂😂😂😂😂

[@andrewbullard8451]

😂

[@evelyndaisy9722]

Steve Harvey sure knows how to crush someone’s dreams. Smh.

[@carlpony1274]

Hello! How are you doing today?

[@DogeUSA]

“Use other people’s money” like everybody is a financial advisor and knows how to flip money like that.

[@elizabethmiracle9361]

What does that mean? Use other people’s money? And killing others dreams?! What an awful thing to say to that young man!!

[@carlpony1274]

Hello! How are you doing today?

[@megatron6075]

Borrow and invest wisely, repay the debt from the gains of your investment. Keep the difference.

[@alfonsonation]

You can see the visual awkwardness on people’s faces when he said that. First of all, who is he to say “that’s not gonna happen”? For someone who portrays himself to be a motivational speaker, advising people to fulfill goals, he utterly shot down that guy’s goal. For no good reason. The guy didn’t say he wanted to “get rich” he said he wanted no debt…. Probably was jealous that the guy was actualy MILLIONS closer to being debt free than himself. I’m glad Dave called him out on this…stay in your lane if you won’t be in the business of helping people. 👏🏽🔥🤦🏽‍♂️

[@goodluvv]

What debt does Steve have?? 🙄

[@holdentruth8197]

Dave should invite Steve Harvey on his show and educate him

[@ghostmane2643]

On what? Dave's advice is awful unless you are buried in debt.

[@tremainelewis1259]

I think that would be a great conversation. Both have valid points and a vast of knowledge. I would pay to see it. Using OPM money of course 😝

[@Thecairopractors]

I’m pretty sure Steve is worth 10x more than Dave

[@rayjgold]

Dave target audience is the poor and those who are unable to manage their own money. not successful people.

[@mike867]

@@Thecairopractors According to Google, both have a net worth of $200 million. So no, Harvey is not worth 10x Ramsey. (You really think Steve Harvey has a net worth of $2 billion???) 😂😂😂😂😂😂

[@salv02]

I became debt free this year and it really gives you options to do what you want with your life

[@JJ38255]

Steve Harvey said that because that's how he actually feels about himself. The 25 million that he's facing in debt, seems impossible. So he's going to project that on to other people

[@rayjgold]

Wrong....he has no irs debt.....he was able to pay it off without living off rice and beans and staying out of new cars. He was just trying to help the young man.....but his advice can only be followed by smart people who are good with money......which isn't Dave's target audience......which is why his audience will agree with him.

[@kateasheley7404]

@@rayjgold Exactly, most rich people used good debt to become rich.

[@janinemccaskill5683]

I don't understand Steve's advice. How would an average person use "other people's money" to pay off debt?

[@rayjgold]

@@janinemccaskill5683 He said nothing about using other people's money to pay off debt. He was trying to help the boy to not be afraid of taking debt, because debt can make you rich.....and if you are rich, you can pay off any debt you have. People have become wealthy, borrowing money for real estate ventures... they have become wealthy borrowing money to start businesses that become successful. If you know that you doing.....you can buy stock with borrowed money. There are many rich people who would not be if they were afraid of taking a chance with debt. But Dave is not all wrong......eating beans and never buying anything for 30 years, is the easiest way to be a millionaire by the time you retire. Borrowing money and being smart with it is the fastest way to be rich and live and eat like you want now. It is best for most people to take the easy and safe route. Steve was just showing the other options because he doesn't want to see everyone eating rice and beans and feeling like they don't deserve a new car until they are 60.

[@kateasheley7404]

@@janinemccaskill5683 People use other people's money to get rich e.g. Business loan, mortgage for rental home etc. There is good and bad debt

[@gavin09oct]

This is Family Feud South Africa version. It's currently available on Netflix.

[@robertcraft1030]

I love Steve Harvey. He is smart in many areas. His comment here was pure cringe.

[@mariejones7136]

I love Steve also....he is very hard working...

[@robertcraft1030]

@@mariejones7136 and he overcame a stutter. That is impressive.

[@2KCamaroZ28SS]

He's hard to listen to.

[@cazpk6840]

Dave is right. OPM is the most ridiculous thing i have ever heard. That was awful. Steve has lost the plot.

[@stevenporter863]

OPM is a different level than a garden variety shopaholic. Dave is about paying off personal debt is like learning to ice skate. OPM is like an olympic hockey player.

[@butteredbread1756]

OPM works if you know what you’re doing. A lot of millionaires and billionaires used OPM to get there. But it’s not for the majority of people

[@PremiumFuelOnly]

Actually he might be a fan of Robert Kiosaki, author of Rich Dad Poor Dad. He believes in OPM.

[@mrzsmusiclessons]

Glad y’all reacted to this!

[@cwalenta656]

In a sense he's correct. Pay off your home, that's fantastic. Guess what? You still owe property taxes.

[@Nds21085]

It’s crazy because Steve makes videos saying “Stop telling you’re dreams to the wrong person” and he was the wrong person in this case😂

[@chuckiedavidson719]

I love Steve and Dave both. In this case Dave is 💯 percent right if you have debt pay it off. It has to be stressful to use other peoples money to get rich

[@LogeySmalls]

He's a comedian, don't take him seriously. The minute you take a comedian seriously, you lose the argument.

[@santacruzfitnessofficial]

He was being serious though

[@LogeySmalls]

@@santacruzfitnessofficial he was on the clock at his job that requires him to be a comedian.

[@jessicawilliams4642]

@@LogeySmalls yeah but being a comedian requires telling jokes. Nothing he said was funny.

[@quaithom3138]

He's not just a comedian; that's what you see on TV. Comedian or not, they have brains like the rest of us.

[@santacruzfitnessofficial]

@@jessicawilliams4642 😂😂😂 for real

[@nungacynderilla5095]

😂😂😂😂😂😂 Dave held nothing back…. Oh my goodness 😂😂😂😂

[@chico_fit8735]

He said “One day, I want to have no debt” - which we have learned through the Dave Ramsey show as a way to then become wealthy as well… he did not specifically said “I want to be rich, show me how” 😂 Like Dave said, “Stay in your lane brotha”

[@yaserchow]

I think Steve is talking about leverage. If you're financially savvy and willing to take the financial risks, debt can be good. If you're an average person who doesn't understand money intricately, FOLLOW Ramsey's baby steps.

[@patriciawarner9680]

Do you always look down your nose at Dave Ramsey, or just when you break cover as a Ramsey follower to make a comment?

[@arockk3306]

YG Chow precisely. Steve is filthy rich so he must know what he is talking about. Being Debt free is not the only way to become wealthy. There are multiple roads that lead to the same destination.

[@yaserchow]

@@patriciawarner9680 what are you talking about? I love Dave Ramsey and I think all of his advice is sound. Though, like another commenter said, there's more than one way to get rich. Leverage is a faster, but way riskier option.

[@sjinvestors250]

Preach bro preach. Use other people money to get rich

[@aeromedical6750]

Steve Harvey (on his 4th marriage) also gives our relationship advice. People, consider the source of advice being given. Just because he’s a celebrity doesn’t mean his advice is solid

[@chilongamwenda9926]

Hey Dave I know he didn’t explain it in the best way, but he actually paid off all his debt

[@ESLTeacherTom]

I'm debt free, and I teach English to people all over the world! Thank you for the sound financial advice, Dave!

[@cerdafiedDeveloper]

Lol Dave’s method isn’t the only* way to become wealthy. I like Dave’s method because it’s the least risk.

[@musselmanmedia5236]

nothing is easy to get rich

[@rayjgold]

agreed, Steve's advice is for smart people and good money managers.....Dave's advice is for the opposite. But it is still wonderful to make millionaire out of people who are not good with money......Dave's target audience is far larger than Steve's.

[@LBmustwin12]

Agreed

[@cubanito48]

@@rayjgold steve advice if for extremely lucky people with connections. For the rest dave is better.

[@rayjgold]

@@cubanito48 I agree. For over 90% of americans, Daves way is best. Dave's way is for normal people......only the weirdos are able to get rich on their own......or use other people's money to do so. This is why you will see most people agreeing with Dave on this video.

[@bobmarker6812]

Using other peoples money requires RISK. If you're OK with that fine. No risk, no reward. I'm not OK with it. Retired at 57 with NO debt. Always lived below my means and never felt deprived.

[@DaveM-FFB]

So in all fairness, Steve Harvey found out 13 years ago that his accountant did some shady stuff, and he owed $25M to the IRS. A few years after that, Harvey paid off his IRS debt. Unlike Ramsey, Harvey didn't file for bankruptcy to avoid repaying that debt. Unfortunately, experiencing great success in America is accompanied by lawsuits and having untrustworthy people in your employ. Ramsey can attest to this.

[@pep590]

You are missing some fairness in your post. Ramsey filed for bankruptcy well over 30 years ago when the bank called his notes and he REPAYED it all back. He was like 21 or so. I can SEE why you got triggered.

[@yafetnegusse2348]

It's not about the money Steve paid back to the IRS, it is the advise he gave out to that young man, which is terrible & dream killer. Now I like Steve & he is funny, but alot of times I find it hard to take his advises seriously! It is not well thought.

[@DaveM-FFB]

@@pep590 Actually, he was 26 when he filed, with a degree in finance. Financial education that Harvey lacked. And yes, Ramsey did pay the creditors back, but that was several years later.

[@DaveM-FFB]

@@yafetnegusse2348 Steve Harvey is a comedian. As such, people shouldn't ever take comedians seriously. I mean think about it.

[@yafetnegusse2348]

Exactly, that's why he needs to stop giving advises he has limited knowledge of and stick to comedy, where he is a bomb 💣

[@ericcriteser4001]

Zero debt and it feels so good. It really does bring me peace.

[@thomasjorge4734]

Freedom From Debt Is Difficult, but Liberating and Necessary.

[@davesrvchannel4717]

So was the answer on the board? Did it make the list? That is also important topic of discussion. The questions are asked in survey of 100 people

[@anthonytarchie]

So I did my research, turns out that Steve Harvey does NOT owe 25 million in IRS debt, as claimed in this video. Back in 2008, he did owe, as a result of a now-deceased accountant. Unlike Dave Ramsey, Steve did not file for bankruptcy. Steve rolled up his sleeves, worked, sold assets, and paid off the IRS debt, by 2016. It is fair to say that Steve and Dave have different takes on finances but Dave's attempt to diminish Harvey by defining him simply as a guy who makes jokes misrepresents him. Steve is a media mogul, philanthropist, his voice and story of resilience is important in our culture today.

[@brandonmcmillan9641]

Thank you. You said it before me

[@tiant035]

Steve Harvey is a comedian, that should tell you how seriously you should take his advice, or anything he says for that matter

[@King-zx4qr]

A comedian worth 200 million dollars. It doesn't matter what his job is, he's still incredibly wealthy, making his advice worth listening to.

[@FedUpFreemason]

Hey Dave that was in 2008. His net worth is around 200 million now

[@Leclaudservices]

I did they mentioned that in 5:30

[@kelligreer3975]

We are debt free, one income family, husband is disabled and we have two teenage boys who eat us out of house and home. I don't have a college degree but I work hard and Dave taught me to live within my means and it feels GREAT!!! AND I pay my taxes!!!

[@hipstergod]

So does he, Steve was 20m in debt due to accountant stealing his money when he sent money to pay off taxes so... it wasn't his own mistakes rather someone taking advantage of his wealth.

[@shortstackJMD96]

A lot of the advice Steve Harvey gives is some you should take with SEVERAL grains of salt.

[@jared19882]

I can honestly say I will never get to feel the great feeling of being debt free most will. Also, I have never had and never will have debt.

[@letty4558]

I don't know how many times someone tried to kill my dreams when I was younger, I actually listened to some of those idiots until I knew better. Never ever do that to someone.

[@XxGreenBeXx]

Anyone else catch the “Dave I wanna punch something and you’re the closest thing next to me” 🤣🤣

[@unfairsanic5089]

Which is why you have to be picky about what people are saying if they are giving advice to people, sometimes they say something that dosent make sense

[@12CANTMATTER]

I generally think Steve is problematic in the things he saids but let’s get some things clear he was 20 mil in debt in like, 2014. He’s gotten that fixed by using some dudes debt free plan or whatever. Another thing, is dude works many events so it’s no wonder he thinks this way. I don’t think retirement is something he looks forward to and by keeping debt he always has a reason to work.

[@smack217]

He got his 20mil in debt fixed by raising it to 25mil??

[@serimar]

If you watched the whole video they bring up that he did get outta the debt.

[@migfire]

Are we sure he was serious, and not joking? I know he did stand-up comedy at one point.

[@Omonike88]

@@migfire This man was serious.

[@otakusolutions]

The way you cry about everything at your age is truly admirable.

[@laineylee23]

Dave you are looking at old news, in 2008 he HAD 25 million debt but he paid it off. Steve is a comedian so I doubt he was giving sound financial advice.

[@larryhawes8295]

What? Someone who actually looked up the facts? Bravo EW, Bravo.

[@edwinroyal9734]

Thanks! I was going to say the same thing

[@cazpk6840]

Using OPM ? ok.

[@probablynot1368]

@@cazpk6840 Part of discharging this massive debt was selling his radio network in 2012. If he hadn’t had this asset to sell, he’s still be paying off this debt. OPM? Isn’t this the advise given by the Rich Dad/Poor Dad guy? My friend followed his advise and lost everything in 2010. Had to restart her life at age 47.

[@ricardostalwart9760]

The 20mil Dave was referring to allegedly was due to his accountant not doing his job because he passed away (rich ppl problems) and the checks were never mailed. I’m pretty sure Steve Harvey is worth at least tens of millions of dollars. However, I do agree that being debt free is a great freedom. I also recognize that many millionaires and Billionaires (net worth) use debt to grow their business and reduce tax liability, who am I to say they are wrong or stupid? To suggest that building serious wealth should not involve debt is myopic. I’m personally debt averse, but I think different approaches to finance work for different personality types/minds and are not one size fits all. Daves method is what most Americans need, not all.

[@yesseniaescobarable]

The best advice given from this show is ‘don’t take financial advice from broke people!’ - i avoided a lot of debate with this advice

[@michaelhan4400]

But Steve Harvey is worth $200 million...

[@jacobo9611]

Same like 90% of people who talk to me about money lol

[@SpoonHurler]

Steve's not completely wrong, you can get rich using OPM but you can and probably will go broke using OPM too. Living within your means and saving won't make to "rich" but you will be wealthy with no risk of going broke.

[@FLmade-x2j]

Steve Harvey: Debt is ok, use OPM Dave: I’m about to end this man’s whole career

[@goodluvv]

Nah. Dave is awesome, but he definitely ain't ending Steve's career. Try again. 🙄

[@skyywalker21]

That will never happen

[@happycurls4086]

Well, Steve didn't really lie. That's what they teach you in business is to use other people's money. The kid wanted to be debt free and Steve was talking about getting rich.

[@mikesouth3032]

Bunch of half truths in this clip- on both sides

[@elsaj1764]

This new kid is kinda funny. I’m starting to like him and Dave together.

[@Videpedia101]

Yes but the bar was really low. The others were quite bad

[@liveitwithsingh3598]

I got hooked to your videos binge watched so many of them. I am from Canada and did my education from India from not so expensive institutions and top of that my dad took care of it. Luckily From age 21 after school I took things in my hand made way through. Now married and settled with my wife in Toronto. Only debt I have for car which is pretty small and we are planning to pay off and get a house for ourselves. Your video really motivated me to get on road and make more money. Will surely love to talk to you someday.

[@huntergulledge596]

6:51 “And Football games”😂😂🤣 We know Dave’s gotta love his football😂

[@Cyber_Guy2]

I like Steve as a comedian as Dave said, but this isn't the first time I've heard him give bad financial advice.