The 7 Baby Steps Explained - Dave Ramsey

[@TheRamseyShow]

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

[@julesj5853]

I used to do some thing before I knew Ramsay existed and it worked great but since I got married we don't agree on anything financially and we make just enough money to live minimal and when I say minimal, I mean basic necessities and we never have enough to save and when we do have surplus the cost of living always goes up and we're back at square one, it drives me nuts but my husband doesn't care either way. I am 45 and I have been taking care of my grandparents and the reality of getting old is hitting me hard and I very much desire to make savings and retirement a priority because we're not getting any younger and long term care is expensive!

[@XemilyXfetishX]

I want to ask if this advice apply for economies like the Argentinian or for Latinamerica. We have a lot of inflation

[@Hijabibti925]

As of today I have my 1000$ savings 🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳

[@Rico401Prov]

Get it, girl 💪💯

[@cameronspeed9052]

How’s it going now? 😮

[@biblelovingirl]

Way to go!!!

[@Qurbajoog]

You go girl 👏🏾

[@jonathanmoreno8125]

Me too!!And a little bit more!!!

[@christianrode8316]

The financial manager projects how much money the company or an individual will need in order to maintain positive cash flow, allocate funds to grow or add new products or services and cope with unexpected events, and shares that information with business colleagues.

[@theresaquiera7412]

The also allocates the company’s available funds to meet costs, such as mortgages or rents, salaries, raw materials, employee T&E and other obligations.

[@EricBrittonSilvado]

Ideally there will be some left to put aside for emergencies and to fund new business opportunities.

[@durhammiller8817]

Timothy Eric Meek always emphasis that finance teams must track current cash flow, estimate future cash needs and be prepared to free up working capital as needed.

[@princeholgate9325]

He is a genius

[@rosannaconstil571]

Looking at it from Timothy Eric Meek perspective, a financial manager’s activities, revolve around planning and forecasting and controlling expenditures.

[@walkidiafuentes7021]

Today I paid off my house mortgage. I am officially debt free and on baby step 7! I am just ready to save/invest, enjoy and give. So excited about it. Thank you Dave for your teachings, so grateful. God bless you 🙏👍 BTW I am 45 years old! 🤩 and do not live in America 🇺🇸 but in a third world country 🇭🇳 😁 if I did it then we all can do it 💪

[@anthonyfonseca2417]

Can you share your story? 😊

[@Ammar23217]

@@walkidiafuentes7021 wow. you are 45 are free.

[@walkidiafuentes7021]

@@Ammar23217 yes I am 45 and free! How about you?

[@Ammar23217]

@@walkidiafuentes7021 dont have debt but dont have home either. But have some savings and investments in funds/stocks.

[@MgGlobal]

You are never debt free. Now you have to pay property tax for the rest of your life and utilities and food etc. You will never be deft free in America 🇺🇸

[@susansauls8902]

1. $1000 emergency fund 2. Get out of debt (except mortgage) 3. Save 3 - 6 months of expenses fully funded emergency fund 4. Invest 15% (start Roth, then IRA, then 401K, ) 5. Save for children’s college funds 6. Pay off mortgage (should take 5-8 years) 7. Build wealth & Give Outrageously

[@tabithah8448]

Thank you!

[@grop66]

Thanks for the time stamps 👍🏻💫

[@nakho3550]

Start with 401K match first.

[@pabloalvigini9823]

I live in Argentina. To be in debt here is very rare, so I find these videos quite interesting. This is how it would result the baby steps in here: 1. Done. We live under emergency 2. Done. Interest rates are so high that only a lunatic would take a loan. 3. Done. Here is like living a pandemic every 4 years. 4. We have public retirement. But better to make investments,. this is THE challenge here. 5. Done. College is free here. 6. Nobody access to home loans. Unfortunately, Not an issue. 7. Wealth here is called “BBQ with family and friends”

[@RoddieSimmons]

@@pabloalvigini9823 I agree I live in Brazil (American) and it is the same here. There is no debt, loans etc. Everything my family does is through cash. My Brazilian wife built a senior retirement complex for my 96 year old Brazilian 2nd. mother and her mentally challenged uncle. Thinking ahead We also have a third house for our live-in caretaker and her family. When my wife and I (50's, 60's) get older we already have our (All one floor, no falling down the steps) retirement home set up. 😎

[@shadek144]

Proud to announce that as of yesterday IM DEBT FREEE! This channel over these past two years has been such an inspiration and a rock steady lighthouse through so many storms, i just wanted to say thank you to the Dave Ramsey team and community for all the wisdom advice and support everyone has shown in helping people build better lives. Y'all are the best.

[@bbbbb7813]

So proud of you!

[@deborahblackvideoediting8697]

Congratulations! That's huge!!! 🥳

[@zachaugustine893]

Good job!

[@serenity6506]

YAYYYY

[@Bloodfang152]

Congratulations! Hows it going?

[@ryankiel4895]

To the skeptics, the baby steps work. I have gone from a negative net worth to 330 grand in about nine years. This includes marriage, buying a house and a van, completely paying all consumer debt and having four kids, and only 35 K left on the mortgage. I make a modest salary, less than 80 K a year. Dave's baby steps work.

[@kwabsforchrist]

Which state are you in?

[@ryankiel4895]

Fort Wayne, Indiana. It's very affordable here which really helps.

[@jocelynford4209]

This is amazing & inspirational!! Good for you! 👏🏾

[@ryankiel4895]

@@jocelynford4209 Thank you very much. I really appreciate it.

[@jocelynford4209]

@@ryankiel4895 Aw definitely, you are so welcome Ryan!

[@joykind4258]

I took the course about 15 years ago. I had debt, no car, no emergency fund and bad credit. Baby steps. I followed it. Worked three jobs. Cut expenses. Today, I have 6 months emergency fund. No debt. Car paid for. 800+ credit rating. If you work it, it works.

[@joanb4456]

I never get tired of listening to the baby steps.

[@wt9653]

Baby steps to nowhere for most people.

[@timandnatd]

You don't need to listen to them when your done them.

[@lorarooks5515]

Right!

[@LubosMudrak]

I hate how much my autocorrect is fighting me when i use english language, sorry.

[@andyhanson2623]

Right, literally 19th time seeing it but never in the same video 🤣

[@Atomic2153]

Almost 19 and have 10,000 in savings, no debt, college is paid for, car is paid for. Plan on moving into my own place soon. Update: 6 months later and I’m about to have my first 20k month. The last 3 months have each been over 10k. Turns out I’m pretty decent at sales

[@rosemariesmalling7689]

Fantastic. Well done at so young!

[@BlakeAlexander12]

Hope you’re British ;p lol

[@donna9999123]

Wish I had this same mindset as you when I was your age. Great job kiddo

[@CristianHernandez-jr3vn]

I’m jealous wish I wouldve listened to older adults when I was a teenager now I’m almost 22 and 50k in debt nothing money paycheck to paycheck and now starting to follow his plan

[@lolacole5653]

@@CristianHernandez-jr3vn you are still young enough to save a lot

[@celiatambor7205]

As of yesterday I’m on baby step 3!! I totaled my car a few months ago and got paid out by my insurance. Instead of putting that money toward another car I can’t afford I used it to pay off my debt and put the rest in my emergency fund. Using my bike and borrowing a(n old tartly but still functional) car from my family until I can afford the next one without compromising my plan. Feels great so far!

[@TheBigblumonkey]

I'm 35, no house, wife and kids with 15k in debt. At the end of the end of the year I will be debt free. Dave has changed my life for the better

[@TheBigblumonkey]

@@mariusjacobs83 No I will be finished earlier since I increased my pay. Added an extra $400 a week! Good luck to you

[@ShankAMuffin]

@@TheBigblumonkey How's the progress coming along my guy?

[@TheBigblumonkey]

@@ShankAMuffin Great! Debt free in December. How about you?

[@ShankAMuffin]

@@TheBigblumonkey Since December 2021. You're gonna make it my guy

[@TheBigblumonkey]

@@ShankAMuffin Congrats on being debt free. Nice screen name btw

[@nickpothast7655]

I was never taught personal finance growing up. I was told to go to college no matter what and take out loans. Luckily, I graduated and by following these steps I'm debt free, have an emergency funds, and mutual stonks earning me passive income. I'm still in my 20s. Thanks Dave, this should be mandatory class at every high school in America.

[@bettermebetterlife8975]

This isn't only applicable to USA.

[@betc293]

@@bettermebetterlife8975 That may be the case but there is so many issues and not enough info in the US. 🤷🏽‍♀️🤷🏽‍♀️ So people have to go out and find other info to grapple on.

[@andymcall1986]

Grats on your money management to date, and them stonks. 🤣

[@rschmidt9495]

High school aka Indoctrination Camp

[@elvinaguero4651]

this should be law.

[@alexanderyozzo]

One week away from debt free. Here to remind myself the next step. Love you Dave.

[@karenbonham1359]

Way to go!

[@alexanderyozzo]

Thank you. I made it, IM DEBT FREEEEE!!!!!!

[@sleepypanda8578]

@@alexanderyozzo Congratulations! I'm 1 month away and can't wait. Well done :)

[@alexanderyozzo]

Back again to check on next step. Full emergency fund in progress.

[@sleepypanda8578]

@@alexanderyozzo same here :)

[@clownboy84]

I love not having any payments but my house. My step father died and with my emergency fund I was able to take care of the funeral costs without stressing my mum out, It's powerful living out these steps!

[@josephrizk9850]

Dave's steps have really helped me and my family. Thank God I ran into his videos online. He is the tough love and common sense that a lot of us need. Thank you Mr. Ramsey

[@IzzyMakesMusic]

The baby steps and the envelope system Dave teaches changed everything for me. I will always have respect for this man.

[@misslanapaulford]

@@shahilanathan8067 Google it. There maybe different versions.

[@damor88]

I am thankful to say I am debt free! I paid off around $140k in student loans and have bought a house all within 2-3 years of following his baby steps.

[@clydedenby1436]

Thank you for not trying to pass off your student loan debt to us. BZ!

[@TutraTama]

My student loans are PAID IN FULL ! So proud of myself

[@itsallperfectlynormal9805]

I'm proud of you, too! I'm being a gazelle on those bad boys 😊

[@LBmustwin12]

These exact steps helped me turn my life around. From 70k in debt to getting debt free and having just some kind ofemergency fund. Theres more than one way to skin a cat but Dave’s methods are proven. Guy changed my life financially. Forever grateful

[@riblez561]

Well done proud of you 🙏🏽

[@LBmustwin12]

@@riblez561 thanks! wasn't easy but well worth it!

[@TRUYORK718]

Cap

[@charitymbai1040]

q

[@malts100]

Well done brother

[@alexsteven.m6414]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@NorthCarolinaForward]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@vanessahopkins-g5y]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.

[@brantheeskimo]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@vanessahopkins-g5y]

REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.

[@KatyaSantos-g4c]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@JustWesley.]

i am 14, i have almost $300 saved, but i have zero income and i don't live in a populated area where i can do side hustles, so until i get my licence to drive and work i'll be educating myself about how to handle money.

[@Beta_Kiryu]

Good job buddy

[@YTOakansheildGaming]

Good job. I'm only 21 and have had a job since I turned 15. Once I found out about investing around 18/19 (which I enjoyed doing) I invested much of my paycheck into it.

[@YTOakansheildGaming]

Once you do get a job, set up automatic payments towards investment accounts and retirement accounts. That way the money goes straight to those without you having to think much about it.

[@ryantaylor4308]

Fix cars, cut grass, build custom pc's, woodworking and repairs. Pick any and you can make money that comes to you. Just put your name out in local fb pages, local paper, sem seo clicks. Let the work come to you. You got this!

[@oldsoul9761]

Wow that's amazing!!

[@FeelMyTruth]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@PotBellyPete69]

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

[@AddilynTuffin]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@DanielPanuzi]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@AddilynTuffin]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@FeelMyTruth]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@elizabethd2614]

I took out student loans to live off of. As a Single teen mom I needed it to eat. Thank God I finally got them paid. Wish I knew about Dave 10 years ago!

[@anonimuspozr7467]

I think you’d agree…It’s NEVER TOO LATE Elizabeth! Keep it up!

[@Havre_Chithra]

Dave Ramsey has changed my life... before I had no guidance and no hope for the future but now I can finally see a happy life.

[@stephaniebeddis8069]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[@stephaniebeddis8069]

she's mostly on Instagrams, using the user name

[@stephaniebeddis8069]

FXMILLER18 💯.. that's it

[@ValentinAntonio-wo3vb]

Greetings, I’ve seen positive reviews of this woman Charlotte Miller for about the fourth time now, I think I’ll have to give it a try.

[@brittneymusic]

I watch this at least once a week. Working on baby step one still, but this helps keep me motivated.

[@PripyatPlayground]

2:49 👈 How are you doing now?

[@deborahblackvideoediting8697]

Hope it's going well!

[@lisabassett-vp2wx]

Brittney, you can do this. Eliminate unnecessary expenses no dyeing hair, no manicure or pedicures, no vaping or drinking alcohol, other than Frig and stove unplug everything in house unless you need to use item at that moment afterwards unplug it it will lower your utility bill

[@anonimuspozr7467]

Keep it up! And keep on after Step 1!

[@Sheilzdarlingz]

I'm finally debt free 🇿🇦over 50% of my baby step 3 saved 😢Thank you, no longer stressing over my finances.

[@aleksandrap2364]

I am now in baby step 7 and I am about to pay my mortgage off in less than 7 yrs. I stared these Baby Steps in 2019 after a friend told me about it! After less than 5 years manage to stabilise our financial life. Rise an beans? Are you kidding me? Been there done that! My kids love rise and beans and cheap 3days old chicken soup! It is worth it. It is worth fighting 💪

[@DemetriPanici]

These really work. I think for anyone looking for a way to start their personal finance journey, this is the way to go

[@roberthuster1503]

Amen. Having a plan is a start having a good plan is progress having this is plan is how you change your family tree. I'm debt (besides my house which will be dealt with) free making below the national average income and my kids have been involved in every step.

[@glowiever]

shared this to my (struggling) sister

[@msfitbrown48]

Thank you, I just started🎯

[@saintriley]

@@glowiever I need to do the same 😂

[@myrle-v4g]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@shizue-w7n]

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@mertie-l2f]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@mertie-l2f]

I googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@donaldrichey3318]

It’s not simple. You have to make permanent changes in your lifestyle. Most people are too immature to succeed at this program. For those of us who can exhibit self control will find the program life changing.

[@DavidEVogel]

Agree. Managing money is about behavior not arithmetic. One get accustomed to a certain money behavior, and it becomes "comfortable." Altering that behavior is "uncomfortable." Its not easy.

[@xxpowwowbluexx]

It is very simple, just not easy.

[@danbobway5656]

@@DavidEVogel yup its basically like my 600lb life but instead of food and being fatally obese it's spending money and being broke and in debt

[@oldsoul9761]

It is simple. Maybe not easy but definitely simple.

[@user-dv8bs7tb5c]

Yes.

[@artymunoz5060]

Learning how to be debt free is awesome because you really avoid the debts more as you move on because you know how much harder it is to get out of debt than it is to get in

[@pop2522]

Long time follower of Dave. Went to share this plan with a newbie and I found myself watching the whole thing over again. Really moved me

[@LilianaAgnes]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@romeoLucia189]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@Janiquejay]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@emperorsascharoni9577]

The s&p 500 and the msci world etf have constantly outdone about 99% of traders. If trading is not your job and even then I would advise you to do what warren buffet tells his wife to do after his death. 90% into low cost s&p 500 index fund 10% into short term government bonds.

[@aalleezzzz]

If it’s sitting in a savings account right now split it in to 3 equal sized HYS that’s protected up to 200k, any of them goes bankrupt you keep the money, and currently they are usually 3.5-5.5% growth, this is taxable money though, if you want untaxed money you can do FEDERAL bonds, slightly higher return but your money is not liquid. If you wanna make the most money with a small risk just put it in s&p 500, generally 8-12% growth but there is a possibility of it crashing, it’s not likely but it can happen

[@o_o7286]

Always good to invest in stocks whenever you can if it's not a very price stable stock and it's high risk then only put the money in your willing to lose but remember you never truly loose your money until you sale your stocks on that position you can always wait with the same position until price goes back up

[@californiaa]

I replay this every week to center myself. It helps so much, just have to stay the path y'all!

[@laqueciawilson6381]

Good idea

[@ItsTiffanieNotTiffany]

"Put the kids on Craigslist" 🤣 That one got me. Thank you Dave Ramsey & team for all you do!

[@anonimuspozr7467]

Puttin the kids on Craigs List was great!

[@TstarHey-yx2li]

That wasn't funny.

[@moyeedulhasan5870]

Life changing advice, this video should have seven billion views. Everyone in this earth should listen to it…

[@rm2kmidi]

I paid off $24k of debt in under a year. The baby steps work.

[@goodnesssotunde4330]

Hi, please which work did you do. I'm currently unemployed and I don't mind doing anything.

[@rm2kmidi]

@@goodnesssotunde4330 I'm a meatcutter. So like solid middle class income, but not gonna make me rich. Part of my success was that I was living with three roommates at the time, so after I paid off my car, I had very little in the way of expenses.

[@leszekkot3373]

Dave found himself a great co-host. Good job George.

[@Jessica-tj6ug]

I like him the best too!

[@MesheherKim]

Dave’s yes man. Haha

[@melaninananique2563]

I agree!

[@krush818]

I watch this every morning. Gotta start the day on the right tone

[@paulstodolny3091]

Always nice to hear these steps again. THEY WORK. THEY WORK. THEY WORK!!!!

[@webfreakz]

Yeah shocking. Not spending money on stupid things and living within your means delivers a good financial path. Who would've guessed.

[@MichaelAnderson-wk1no]

@@webfreakz So you've never made any money mistakes in your life and you've had it all figured out since day one? I guess that's why you're here watching Dave Ramsey videos, huh? Lol

[@aaront936]

They may work but this is by far the worst way to build wealth.

[@webfreakz]

@@aaront936 by far the worst? yeah right

[@aaront936]

@@webfreakz yes the worst way. It's the worst way to pay off debt, plus the worst investment advice imaginable.

[@jonka1493]

Just found dave and the baby steps, 37 with no prior guidance or even understanding. 2 children. This is where it begins for me, lets do this.

[@mrsm3442]

Dave helped me change my thinking, financial actions and life, in general. Thank you, Dave.

[@CHIVA9519]

TODAY ONE of the medical bills for my wife giving labor was paid off in full. Paid my sister back a small loan I owed her Currently on track to paying off the next medical bill and one of two credit cards in FULL. I see the horizon! Keep going !

[@legacymedia8468]

I agree that money saved cannot grow much except invested. As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[@stephenpotter21]

It's really not as difficult as many people presume it to be. It requires a certain level of diligence, which is something ordinary investors lack, and so a financial advisor often comes in very handy.

[@ericmendels]

People underestimate how much they can make from the stock market. I started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $86k within just five months of starting, and it's been an awesome ride since then.

[@cloudyblaze7916]

Can I ask who your wealth manager is? I really could use some help from you. My portfolio is doing very poorly.

[@ericmendels]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. *Sharon Louise Count* is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@legacymedia8468]

Thank you for this. I just sent her an email, and I hope she gets back to me soon.

[@Tamboool]

In the long haul, getting into stocks has been the only investment that makes sense over time since it’s been highly remunerative for me.

[@Tamboool]

Well, I've gotten into a plethora of assets with $73k spread across stocks (options and futures) for short term and index funds, and ETFs, for the long term. I've been investing with help from a pro fund manager, Herman W Jonas who oversees my investments. Now I sit back and reap my dividends while I just reinvest from time to time.

[@Sammytammy192]

@@TambooolWell, that's your view. In my experience, there is no such formula, It is nearly impossible to achieve success with investing. It’s all just gambling.

[@Denniss20]

I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’ll like to hear from an expert?

[@Denniss20]

You’re truly an angel. I sent him a mail and we got talking and found that he’s quite grounded in the market. I got started right away! Thanks again!

[@Donnierra]

Truth be told, Herman is indeed Legitimate. Looking back, I wish I had crossed paths with Herman long time ago. Because I would have invested under him rather than those so called gurus and liars. But it’s better late than never since I’m finally earning good ROI.

[@EthioBallerz]

Baby steps changed my life. I'm so grateful.

[@roberthuster1503]

This plan works. I went from financially disorganized to debt free besides my house and building wealth. All problems don't go away but not having to worry about finances let's you think long term.

[@camillefrosio7610]

the most beautiful thing about the Dave Ramsay organisation is that they never left the very real story of going through the crushing pain of debt but turned it into the foundation of purpose. It constantly inspires me to hear where he came from from the perspective of where he is now and it gives me encouragement and hope.

[@santaclaus3077]

I'm 34, have all my debts paid off besides my mortgage. I dont have kids, never married. Been paying extra each month hoping to have my mortgage paid off by the time I'm 39.

[@regularity2556]

Hi Santa😉

[@elvinaguero4651]

good for you.

[@Nolaman70]

Then get some investment properties.

[@andrewbusch444]

Debt free today! To everyone reading this you can do it too!

[@82566]

Dave is the best voice of financial reason w gratitude n humility .I've learned so much and his Advisor Pros are amazing,talked w one this morning thanks Dave 😊

[@j.m0ney133]

Live no one else now so you can live like no one else later. Delaying pleasure is what adults do while kids spend all their money. Good luck all you future millionaires!

[@AnimatedIdiotGuide]

Living in a cave collecting lint sounds far more appealing than splurging on garbage just because I have an excess

[@ThePlantedTankTV]

I just got a new job as a truck driver making more than I ever have before. About 1250$ a week take home and next year I'll go to max pay which will be 1700$ take home. I'm close to getting all of my debt paid off. Have about 6000$ left to go. Putting roughly 2000$ a month towards it so it shouldn't be much longer. I have no rainy day fund yet and also do not own a house yet. Long way to go. 😔

[@s.a.charles271]

You’re doing good! Keep it up!

[@MegaDiddlemaus]

Thank you Dave for sharing this episode❤️ I am so grateful that my father brought me up debts free🙏

[@ultraali453]

Great advice. I have never felt right when I was in debt. I don't think that anyone can actually live without stress if they are in debt. Its constantly in the back of your mind and it's the opposite when you have enough savings for half a year and a stable source of income.

[@mitz1919]

I have decided to start my baby steps this week! March 2022!

[@thecrew8612]

Its been more than a year, any progress?

[@KadenYouTube]

Dave’s advice and principles has helped me greatly and although every day may be a struggle at times, I know it’s worth it! Thank you and good luck to anyone who reads this!

[@kimberlyturner820]

Just paid off my student loan debt!!! You can do whatever you set your mind to.

[@eastonpulver3788]

Being 26 years old, married, and debt free (we rent and don't have any car payments) inspires me to go crazy on saving and investing, even at the start of my career. I ran into this channel as I've been trying to overcome bad spending habits and building wealth is a concept that stirs me more than any amount of spending can. Thanks for these baby steps dave!

[@parvanirose]

I feel like no matter what I do, I’m always behind. I finally got a new job, I’m so excited! $42,000 isn’t a lot, but when I look at what I’ve made in the past, it’s a big step for me! I’m excited to get started on saving more and finally getting out of debt. I’ve lived with my bad financial decision for a long time, and I’m paying the consequences. I know I’ll get there some day, it’s just taking time. This job will really help me.

[@helenjordan9669]

Hang in there, it will get better

[@sally0404]

The baby steps have turned my life around. Thank you Dave!

[@marinogod84]

Lol

[@rob_8276]

@@marinogod84 tell us you’re broke without telling us you’re broke 🤣🤣

[@StacyMcCabe]

I’m 16 and have 1500$ and am saving 20000$ until college. I’m super proud of kyself

[@StatBoiRichie]

Keep at it!

[@AidenLiamf7q]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@AlexanderOwenb9l]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@IsabellaAriau2m]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@NatalieHannahq3g]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@IsabellaAriau2m]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@NatalieHannahq3g]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@no-uh535]

I’m 21 and on baby step 5. I do stray from Dave’s plan and I put 20% into my 401k, only because I want to dump more when I’m young. I don’t feel I will be ready to put down on a house and start paying it off for about 5 more years, but it gives me more time to save and invest in order to have a large chunk of step 6 done while still focusing on my hobbies/trades while enjoying my life being young.

[@shannonjohnson4314]

I have a job interview today wish me luck! Getting a higher paying job is my first goal towards becoming debt free!

[@BlueDauntless]

Hopefully it went well for you!

[@Shavikata]

I came here coz i thought i had a problem turn out I’m fine. Apparently i’m on step 7 and i shouldn’t be complaining. Thank you 🙏🏼 wish everyone the best

[@brianwhitehawker1756]

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[@lucaswilliams9992]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@yeslahykcim]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@Jadechurch-ql3do]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@yeslahykcim]

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@BrettaANordsiek]

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

[@InvestAndGrow2020]

Should be done paying off all of my consumer debt by December of $17k Then all I have is my mortgage. Yes we sold out financed car and turned in our lease! Swallowed my pride and drive. 95 Toyota Corolla It’s sucks but I think this might work

[@aaront936]

Look up compounding interest and invest instead of paying off low interest mortgage debt. Dave's babysteps will cost you hundreds of thousands in lost returns.

[@shawnainthekitchen8011]

You have 200 million reasons to listen to NO ONE ELSE BUT DAVE RAMSEY. That's his net worth. I guarantee no one else on this thread is worth even close to that. Ask Aaron how many books he's sold!

[@spconrad9612]

Hey Aaron, why not pay off debt and invest like you are saying w no debt? Why make someone else rich off of foolish interest payments? That doesn't even make sense.

[@Princess-xoox]

What are the steps

[@BlueDauntless]

@@spconrad9612I don’t understand this. Who cares if the interest is low. Once it’s gone, it’s gone! How much does having a paid for mortgage free up money?

[@ann-mariemeurs952]

We had 12k worth of debt in the form of BNPL accounts. This channel has made it so that we have paid that off within 6 months and all while dealing with me becoming a SAHM and losing one income. We have 2 cars left to pay for. My car will be paid within the next 6 months and then we only have my husbands car left to pay off. We have $1000 in our savings account too. Thank you Mr Ramsay!

[@sarahfrancescutti9873]

I've been working on baby steps with my husband for a few years. Not with extreme intensity but definitely with focus. We are now debt free other than our mortgage and are about to build our full emergency savings (aiming for $20k)!!! It feels amazing to have thousands of extra each month after our debt snowball paid off everything. And we are now at a point of having so much overflow and excess every month, we aren't sure what to do next. Then I remembered the baby steps and found this video which clearly lays out our next steps. Thank you for giving us some guidance and proven methods to get out of debt and build true, lasting wealth! I'm mind-bogled that we are at this point and I am extremely excited to continue to move thru the next steps to reach millionaire status in 5-10 years! 🎉❤😊

[@seanplays007]

Today I now have saved up £3200 at 15 🎉🎉

[@mmd2035]

WHat are your plans with the money?

[@rosemariesmalling7689]

Fantastic.

[@LukeWilsonACA]

“Sell so much stuff, your kids think they’re next” 😂

[@BlueDauntless]

One of my favorite lines.

[@RogerWellington-zp1nz]

😂😂

[@eugenemarkevich6283]

Best# rice and beans

[@christiansgrandma6812]

Thanks to baby steps, I was able to help finance a family member's burial. Years ago, I would not have been able to do this. Emergency fund is vital people.

[@808frontline]

Can you explain step 7?? (Build wealth and give back) How do you build wealth and what do you mean by giving back??? Charity, just throwing money to homeless people?? Please elaborate

[@GeoffRulzTheSky]

Please Watch his Daughter Rachel Cruz video on this topic. You can google it.

[@idid138]

My big brother (bless his ❤)put himself through college working multiple jobs and then he would come home to the farm every summer to help us. He just retired from the federal milk marketing bureau. I'm so glad he has a beautiful home, lakehouse, and family to enjoy.

[@invisablehvman3073]

Living on less than you make is key. Having 6mths to a year in reserve has saved my life on more than one occasion. There have been five corporate restructures in my career where I have been cut. I have been fortunate that I found employment within 90 days of each layoff. Having six months to a year in reserve made the job hunt much easier. Did not have to take the first thing that came along. Also, I remember having home repairs from $4k to $10k occur. Having the money on hand means I did not go into debt. Even though I am still making a mortgage payment, I have $750k in equity and pay an extra $1k in principal each month. My cash reserves far exceed my mortgage balance, but I plan to sell soon and move to a much smaller place - and of course pay cash. I love Dave's comment about folks thinking you are obsessive - I live by the budget.

[@nunyabidnes6010]

Why would you buy a home with cash when you can get a 3% interest rate on a 30 year mortgage and invest the cash instead? Make it make sense.

[@aolvaar8792]

@@nunyabidnes6010 Cause you don't need a pile of money, you have a Pension

[@situated4]

Good, thoughtful comment.

[@Jawrathful]

Going into Baby Step 4/5/6!!! So grateful and happy at this moment!!

[@serdaragirbas7487]

I was doing this without knowing, i hate debt, including my mortgage and will hopefully be finished with it by next April 🙏. It has been gruelling and tiresome but i will make it! Good luck everyone.

[@ThomasWalsh-s9s]

Baby Step 5 is ridiculous. College isn't for everyone. The vast majority (70%) of high school graduates matriculating today don't succeed, graduate and score a well-paying, professional job. The latest "college outcomes" data appeared in the WSJ last April. (I have a hard time believing someone in the Ramsey organization didn't read this.) The study was done by the Burning Glass institute and the Strada Education Foundation. They broke down what happens to recent college graduates. Only 48% who graduate become fully employed. When you put all the pieces together, here's what happens when one hundred students matriculate: (1) Forty drop out, most by the end of the first year. (2) Thirty-one graduate but end up underemployed, e.g. making lattes. (3) Only twenty-nine graduate and get a college job. IMO, parents are responsible for guiding their offspring to become financially self-sufficient adults. However, most of their children have no business, academically, being in college. There are plenty of ways to pursue a breadwinner job without chasing after an expensive four-year degree. Ramsey and I are both anti-student-loan-debt. The difference is that I can cut the growth in student loan debt in half in ten seconds. "Junior, you aren't going to college. You didn't win the genetic lottery. You don't have the necessary math and linguistic aptitudes to succeed." Note Almost any high school graduate can find a college or university that will accept them and cheerfully cash their parent's checks. Once accepted, the government will blindly lend most of these students $27,000 to attend four years of college without regard to their academic ability or the marketability of their major. Our higher education system is a trap for the unwary.

[@evandavis2362]

You are the only person I really trust with money advice Dave! Thank you!

[@aaront936]

He's selling an outdated product that will cost people hundreds of thousands in lost returns

[@evandavis2362]

@@aaront936 yea I’m not going to be debt free. I think good debt makes you money but he’s still my main influence for money

[@xxpowwowbluexx]

Uh huh… And literally millions of people have paid off their debts and become millionaires following Dave’s plan-because it actually works.

[@TRUYORK718]

Trust ME!

[@LouisJanYoung]

Always good listening to Dave Ramsey! It works.

[@wyattsims2498]

It annoys me when people say the baby steps are not the fastest way to becoming wealthy. Mathematically a lot of the things in the baby steps don't make sense (like paying smallest debts off first). But they don't realize it's called financial peace for a reason and not financial mathematics.

[@alinatamashevich3354]

If math was the problem , then math would be the solution.

[@aaront936]

@@alinatamashevich3354 if you understand math then it's an easy solution don't follow the babysteps.

[@aaront936]

Having all of your money tied up in your home with very little in liquid assets is far from financial peace.

[@wyattsims2498]

@@aaront936 you're the person I'm talking about up there!^^^ Lol

[@alinatamashevich3354]

@@aaront936 Again, if it were a math problem, math would fix it. It is a behavior problem and until that is corrected nothing will change. Sad that is a foreign concept for you to understand.

[@Dr.forbes]

After listening to this I made some immediate changes to my retirement and 529 contributions

[@Ben_Frankie]

Great advice but could be tailored a bit differently. Some people don’t have children or their children don’t want to go to college.

[@alexandrajuliette6899]

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.

[@jordanmorris9663]

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏

[@andycole258]

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

[@rosiejones2079]

I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧

[@kenrobin8736]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

[@johncuevas4415]

Thank you Lucy Mary Liam $45,000 weekly Profit regardless of how bad it gets on the economy.

[@vincarro5078]

28 with no kids but going to have to disagree with paying for my kid's college. If they are not majoring in a field that has a decent pay starting out and moving into a career, they shouldn't be going to college. I do not hate my parents one bit for not saving money for my college. It is a different experience when you have to pay it all back yourself. In a weird way, it also made me realize how materialistic I was with money and I think twice going forward about what I should and shouldn't be buying. My opinion on this one part does not change the fact how awesome Dave is!

[@Gryphon129]

I don’t agree this point Dave makes, this is good advice but it’s to a very specific group of people. It’s also important to point out Dave has never been poor a day in life came from a family with loads of $ & he conveniently leaves that out of his narratives

[@krisplacek7292]

The only guy on KZbin with REAL life experience. Just ordered the book.

[@hellenmoipeen663]

I love getting a morning dose of Dave Ramsey teaching on my way to work! On baby step 4,5 and wish I heard about Dave’s teaching sooner!

[@passivepuppy]

Baby steps changed my life. I was 45k in debt. Took me 18 months to pay off my debt and get on a new career track. Feels good to be debt free with money in the bank.

[@melliebe6029]

Congrats! That’s absolutely awesome!

[@Jawrathful]

Right there with you... it feels amazing!

[@ethanlee-c3d]

It depends on someone’s situation. If they are renting or yet to own a house it becomes more difficult. But building savings and the right investments. That is the way. I will keep self educating myself..

[@melifever]

thank you for saying that about student debt! such a scandal!

[@cazpk6840]

Ok Dave was in a good mood today. Great summary.

[@teresa4565]

lots of sniffin' tho

[@Sam-xc1mm]

I paid off the car yesterday! Only debt I have now is the mortgage. I’m now on baby step 3. I can’t say this enough as I do comment on a lot of these videos, but sincerely, thank you Dave for all you do. You have changed my family’s life and we are very grateful for you ❤ God bless

[@rodrigoloza4263]

I just discovered Davey Ramsey. I did baby steps by my own on my early 20s without knowing. This definitely works. Now I am richer than I could have never imagined.

[@marcopacheco860]

I have been watching these videos and I am extremely motivated to start my journey for financial freedom 😎

[@EricMoore158]

I want to invest roughly $70,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stock?

[@RhondaLawson014]

It's crucial to have a well thought-out strategy and not make impulsive moved based on short-term market fluctuations. Patience and a long-term perspective are keys. you should consider a market expert to guide you

[@hillaryrowland1]

That's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2 years+

[@AngelaHunt290]

One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?

[@hillaryrowland1]

Timothy Eric Meek is licensed fiduciary I use, just research the name you will fine necessary details to work with a correspondence to set-up an appointment

[@MikeHoward354]

Important of investing cannot be overemphasized, that's the only way to gain financial freedom

[@danettemckinnon7251]

So good to see George!!!

[@jjdbzfan18]

Just want to give a testimony. I am debt free as of today and on baby step 3. For those who chose to start stay the course because it actually works. Best wishes and thank you Dave.

[@AuthenticDEV81]

When I was younger, I was always confused why my mom, and dad didn't have the things other families had. Why we didn't have a nicer home, nicer car, etc. I am now 31 years old, and my sister and I NEVER had any student loans because mom and dad invested in our education. I wish I was more grateful when I was younger but the best way I can do right by them is to follow these steps. I should be finished step 1 very soon and looking forward to dialing in on these steps!

[@jairreyes8087]

As of a Today I am Debt Free. I managed to clear off $15k Student loan as part of following these baby steps. I have my savings for my emergency fund. I clear my loan using the snowball. Now I can save to invest more 🙌🏻 Thanks Dave 🙌🏻