The 7 Baby Steps Explained (Top Criticisms Addressed)

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[@TheRamseyShow]

Join the millions who are winning with money! Get a special offer on Financial Peace University here: ter.li/qkg55b

[@jessiethompson8533]

Quick question. What banks do you recommend for your Debit cards?

[@bojanpaul]

Thank you !

[@hamfastgamwich]

How is this comment older than the videos?

[@JamesDeLoney]

​@@jessiethompson8533😅 😅😅😅😅😅 😮😅😅😅😅😮 😅😮😮😅😅😅😅

[@OGEBEATS]

😮😮😢 11:09 ​@@hamfastgamwich😮😮

[@tylerwilliams1882]

I'm 22 my wife is 23. We racked up $110,000 in debt between credit cards personal loans, cars, motorcycles you name it. We buckled down 13 months ago. Sold everything and hit the reset button. Now we are completely debt free and have around $4,000 a month of "free" income, our 6 month emergency fund went from needing around $30,000 to only needing about $8,000. Follow the baby steps and discipline yourself!

[@wyattcraig4481]

That's awesome! Congrats

[@mellanne-c8g]

So awesome congratulations!! I'm trying to sell everything too but seem like no one wants to buy lol 😅😬 have any tips? I'm posting on ebay, poshmark and mercai

[@teddybrosivelt8129]

Well done! hearing your story gives me hope!!

[@Art_by_Nicole]

What do you own at 22/23 that’s worth 110,000 dollars? 😳 When I was 22 I had a car that cost me 1500 and was worth even less (🤭).

[@wyattcraig4481]

@@Art_by_Nicole what's in matter? They paid it all off already

[@Rosegold.energy]

I’m on baby step 2. I NEVER thought I’d be able to save $1000. It happened in 3 months putting away $10-30 after work (I get paid every day). The relief I feel knowing I can handle anything that comes along while I’m paying down debt is indescribable

[@truthtelleranon]

Keep going!

[@therocinante3443]

Keep at it! You can do it!

[@bryantsmith1624]

The freedom finishing step 3 is an indescribable feeling. Congratulations on step 2!

[@dani9622]

That's such a good feeling!!! Congrats!

[@Oglulubell]

I started following the baby steps way back in 1995. Took me 6 months to save 1000.00. Today I’m a homeowner and about to retire with 6 figures in my 401k.

[@nafiaus]

Im 28 starting today, and I have almost half of the 1000. I'm going to really try to get that comfortable retirement!

[@MaRam1024]

I'm sorry for your loss..... with that 401k . No joke, they be screwing the working people

[@JMLSSINC]

@@nafiaus Awesome you are inspiring, you got this. I am starting recently as well.

[@dashsnow4389]

@@MaRam1024this is trashy. U know that’s not what she meant.

[@itsyaboilights236]

So it took yu 50 years to get money. This isn’t good

[@dakotagoldwood6385]

Baby step 6 here! My wife and I are 28 currently and will have our house paid off in just over a year, making us baby step 7 by age 30 with a paid for home. This plan has changed our lives and it truly works.

[@shmack-dab-in-da-middle3960]

You mean 5

[@AlexanderWebster_]

Did your parents pay for college? Work through college?

[@dakotagoldwood6385]

@@AlexanderWebster_ My wife has an associates degree and her parents paid half of hers. So she had 15k in student loans. I have a bachelors degree. My parents paid for a very small amount. I graduated with 60k in student loan debt and they probably paid 5k of that so I would say we had about 75k in student debt. Plus we bought 2 brand new vehicles during that time and our house. Everything is paid off but the house.

[@AlexanderWebster_]

@@dakotagoldwood6385 Sounds like you guys worked really hard and are responsible with your finances! Well done!

[@3441ars]

Fantastic!

[@elizabethhughes1067]

I would add an optional first step: "Go for a walk" If you're single, you can clear your head, get yourself focused, and imagine what it will be like to be out of debt. If you're married, you can both discuss moving forward your plan and get on the same page. Keep going on those walks. You aren't eating out, so now you're investing in your health by not eating out and walking every day. It will also potentially get you and your wife closer, because you're talking about getting out of debt, talking about your future, and also getting in better shape physically.

[@ganeshlange4354]

I’m in my 40s I have a mortgage a truck loan and a family of 4. I’m about to start this journey and change my life!

[@SmeWnulya]

Great decision! How is it going a month from the statement ? 🎉

[@ThatSuperRookie]

Do It Dude I'm About To Start Too I'm Tired Of Being Broke

[@duanedibbley7846]

I'm on baby step 0.5 I've got £500 saved up. I'm going to change for the best

[@percatoryx]

How’s that going?

[@marysaltlife1427]

How is it going 5 months later? Thank you.

[@ColdheartedDame]

Starting BS1, beat cancer, went back to work. Thank goodness I don’t have much debt but I’m so glad I found this!

[@reasy1978]

Congrats! ❤ Thank God!

[@DaddyQueNo.1]

Congrats! God did!

[@thbcruj86fhj]

Congratulations!!! Do you know if Dave has any advice for people with long term disabilities?

[@Sumire9287]

​@@thbcruj86fhjIt's the exact same as for everyone else. You're still a human like the rest of us. Everyone has to suffer through different hurdles along the way, for some it might be easier, for others much harder, but the path is still the same and it's worth treading it all the way.

[@aussiegruber86]

@@reasy1978why not thank the doctors and nurses that actually helped

[@CallieCarter145]

Thank you Dave! My wife and I, 55 & 53, are debt free with $3M in the bank and zero debt, no mortgage no nothing! Our first child just finished college debt free and the other will graduate in 2 years debt free! We found you 15 years ago and followed your Baby Steps - they work!

[@RamonCarolyn]

This is encouraging - I paid off my car and working on paying off three credit cards and then our home. Do you have any suggestions, I get paid biweekly.

[@HappyKat2000]

Aussie girl here. You can start this programme any time. I'm about to turn 70 and have been debt free for 3 years. Just remember the bank is not your friend, so just use them for interest bearing deposits!

[@mariejones4981]

Thank you. I am 53 and trying to start.

[@Iammedialive]

Baby step 2 here. Heard about Dave's baby Steps years ago. Started it, completed baby step 2 and almost completed step 3. Only had the mortgage left. I got entangled in credit card debt again and totally forgot where I was going. Now over $52k in cc debt and working my way through step 2. Working 2 jobs. I want financial peace so bad. I'm sick to my stomach and ashamed of my actions. Chin up, I'm on my way to being a multi millionaire.

[@mattwalmer6162]

I did the plan and it works. Now on baby step 6, with 70k in the bank. Praise God.

[@bojohannesen4352]

Praise the easter bunny

[@alightened]

@@bojohannesen4352I prayed for you. Feeling the need to shame someone’s religion online. I can’t even imagine what you believe your purpose is.

[@fahimmiah6361]

1. Save £1000 for your starter emergency fund 0:43 2. Pay off all debt (except the house) using the debt snowball 5:10 3. Save 3-6 months of expenses in a fully funded emergency fund 55:16 4. Invest 15% of your household income in retirement 1:00:42 5. Save for your children’s college fund 1:06:11 6. Pay off your home early 1:11:07 7. Build wealth and give 1:18:39

[@republicunited2183]

My 82 year old dad lives this way. Still today, no credit cards, live minimal, etc. He came from a poor Appalachian coal mining and farmer family. I today, at age 50, still live by his rules/teachings. Thank you Dad.

[@jason401.]

And how successful are you if you don't mind me asking?

[@Charliechorizo]

What about your mother?

[@masteryoutuber19]

Our elders are really frugal, mine are too, I wonder if they are missing stuff, I guess not really

[@Kim-vb4vg]

✅

[@heavyd777]

I cannot tell you the relief of being out of debt. The emotional and spiritual relief completely eclipses the feeling of buying more stuff. I've been in some sort of debt since I was 19, now I'm 61. It took me 5 years to get to baby step 7, but now I'm here and I can't believe it!!! You can do this!!!

[@velvetplans5396]

Amazing! You must feel incredible 🎉

[@imjusteb]

This is so good, congratulations!! Did you tithe during that time?

[@John-du4ie]

I enjoyed all the broke people in my life telling me that i was working too much, i needed rest and to slow down. 32k debt paid off in 4 months. Scorched earth living.13 hour days and doing 2 jobs days a week. I just quit my second job last weekend.

[@TorchedClutch]

Dude my family always treats me like im not good enough and when I bust my ass at work they suddenly have a problem with it 😂 people are just haters lol

[@Aisha_babii]

Same! On track to paying off my car loan. I work 12.5 hrs a day 6 days a week. My mother told me to slow down so I don’t get wrinkles 😅

[@russellponce9265]

👊

[@CLOLopez-fo8tu]

Oh Wow! Congratulations!

[@aussiegruber86]

Just need to remember the most important thing is your time in this world, don’t sell it to cheaply because you can’t get more

[@USMC6976]

Baby Step 1 has another side benefit Dave isn't telling us. It makes you learn to NOT SPEND money you have. Just think of the discipline you have to exercise not to spend that $1,000 when you are use to buying everything on credit so you could have it NOW.

[@bradysteeley7414]

Real shit excuse my french

[@laurenastudillo3216]

Facts

[@trishmartin6410]

Yes, that is my challenge!

[@USMC6976]

@@trishmartin6410 You can do it!

[@Wisdombroughtforthblessing]

😮‍💨😮‍💨😮‍💨

[@CaptainHookhatesBooks]

Im going to listen to this once a day until Im debt free. Heard of Dave for years tried and failed after trying step 2 for awhile over and over. Sick and tired of debt cancelled all my credit cards yesterday. What good is a 820 score and be broke. I rather have a 540 score and be debt free. God be with me debt has almost ruined my life, family, and marriage. Willing to sacrifice the next 4-6 years to be debt free. Pray for me.

[@desirevanzyl2041]

Good luck to you. I'm starting today - Step 1. Also have lots of debt and need to fix my financial life before it ruins my life

[@jenniferashilevi386]

I’m praying for you. It won’t be an easy journey, but stay strong

[@gretalukoseviciute2058]

You go !!! You can do it!!!

[@cantafordcollege4672]

Hope you're doing good bro. Been doing this myself. Just paid off a $2,000 personal loan today. Dave Ramsey is the man

[@clientornaka4690]

Got laid off a few weeks back. That 1k emergency fund saved my ass.

[@Manihsi]

"How did the $1000 help you out? It's a relatively small amount of money."

[@clientornaka4690]

@@Manihsi Because my rent is only 650 and I'm only buying food for one. Yeah its a small amount but that small ammount was a months expenses for me. That gave me time to get back on my feet.

[@Manihsi]

@@clientornaka4690 "Thanks for your response!"

[@kap849]

​@@Manihsiif $1000 can go a long way!!!! It's more about realising and appreciating that you have $1000 instead of $0. If you have $0 what will the Lord bless??? (Not saying that the Lord is limited in His strength/power). If you have $1000, a friend could top up that.

[@sanchilandscapedesign6316]

@@clientornaka4690you’re goated

[@kellytoycow]

Baby Step 7 here. We work because we want to, not because we have to. It’s so much more enjoyable to pick and choose when and where we work.

[@katie6632]

Do you mind if I ask what you do? My ultimate financial goal is to be able to work because I want to, not because I have to. Mainly not wanting to work a fulltime job in the future but I can't think of many jobs that allow part time outside of retail and fast food.

[@kellytoycow]

@@katie6632 we both work in logistics.

[@lovefor3337]

Baby step 0 for me is biting back my pride, getting another job, and getting moving to step 1. Thank ya Dave for your advice! I gotta stop making excuses and get to grinding!

[@Nominals75]

BS7 here. Been on Ramsey's plan for 5 years now. This program along with reconnecting with God has brought a life more peaceful than I could've imagined. Thank the Lord.

[@H0m3r_Jay]

Find somebody to get you off God now, as you cannot be so stupid to believe in an imaginary being if you are smart enough to follow sensible financial advice.

[@sherrypuckett6686]

The most important thing in all of ur statement trusting and finding Jesus praise the lord and staying in the freedom. Trust the lord he answers our prayers. God is Bank of America . 😮

[@Chander24]

God bless you! Jesus is coming back soon

[@trustinjesus24-7]

Amen brother

[@TgarMask]

Baby step 7 is to build wealth and be generous. Hardly generous to promote an ideology that treats innocent people like subhumans

[@Veganisbadhunter-wx5nt]

Got to baby step 7 at age 52. I retired at age 55 in 2022. I encourage all of you to give it a go.

[@gungagalunga9040]

Do you mind me asking what was your debt starting out and what's your salary?

[@itaz6276]

This is my goal.. well done

May I ask you how much was your net worth when you decide to retire? I'm trying to find a goal to aim for before I retire.

[@Veganisbadhunter-wx5nt]

@@gungagalunga9040 With no debt, I added up all of my monthly expenses. Electric, water/sewer, food, auto insurance, trash collection, cell phone, internet, property tax,.... it came out to be close to $2000/month. I used this formula, $2000/month times 12 months = $24,000. Then $24,000 times 25 = $600,000. This was my retirement number. Why? If you withdraw 4% of $600,000 each month that will be $2000 which will cover your monthly expenses. This also means that you only need a 4% return or greater on your retirement portfolio to cover your expenses and not reduce your $600,000 nest egg. Dave Ramsey expects 8% returns or greater year over year. So far... this has been the case. I now have closer to $700,000 because of market returns and I still withdraw $2000/month. The key is knowing all your monthly expenses. Do you need useless monthly subscriptions? Do you need landscapers or cut your own lawn now retired? This is a realistic plan that doesn't take a $1 million nest egg. Also, as you approach age 62.... you are eligible for Social Security which adds to your monthly income. Lastly taxes. As you withdraw from your retirement account, 20% will be held for taxes by law. If you have Roth accounts, then no tax withheld. If you need $2000/month, withdraw $2500/month because $500 goes to tax. Hope this helps. My paid off home (estimate worth $300,000).

[@Veganisbadhunter-wx5nt]

@@gungagalunga9040 Fortunately, at age 27 I realized debt was not my friend. I had about $23,000 in debt. I paid it all off by age 29. I rented until I bought a house while investing 15%. I bought my home in 2009 during the financial and housing crisis. They asked $229,000 I bought for $183,000. Why? There were no buyers back then. Banks were not lending unless you had a ton of cash and 750 credit score or higher. Tons of foreclosures. The house I bought sat on the market from 2008 about 7 months with zero offers until I bought in 2009. I worked as a CNC machinist for 28 1/2 years. My average salary about $60,000/year. Most I made was $85,000 in 2019. When I first started .... I made $35,000/year. I never made big money from a job. But, I always invested every year. The last 3 years before I retired, my investments were making more than I made at work in a year. The power of compounding interest. I paid off my house in 11 years and 2 months. In 2020, I was totally debt free. This was not a microwave get rich quick scheme. This was a longterm crockpot plan that allowed mr to still retire at age 55. I guess you could say I was a better investor than a wage earner.

[@Sinnamon_Heart]

just beginning the baby steps. i have a grand now, paid off my car this past monday, and now i'll be throwing that extra 340 per month towards my consumer debt. thank you for being HIGHLY inspirational and getting my ass into gear. i have hope, and more importantly, a PLAN for moving forward into dreams such as buying a house and eventually slowing down at work ~a random 43 year old

[@amber4gaga]

Yessss!! Great job! Keep it going

[@dortheklaus8758]

Found you in 2019 as a1 single mom of two. You gave me hope and a plan.Thank you so much!!! Today at 49 at BS 4, 5, 6 and able to pay huge repairing costs for the house cash. My girls are mucv better with money than I was at their age. You changed my live, Dave thanks to your BSs. Greeting and lots of love ❤🇩🇪❤

[@timbenzel1751]

Just picked up a second job to tackle my 9k in debt .

[@Veganisbadhunter-wx5nt]

I did the same in 1995 and 1996 two jobs. After I paid off the credit cards $5500, the truck $11000, and student loans (about $8000 dropped out) it changed my financial future. I am a millionaire with paid off home and retired at age 55 after working in machine shops for 28 years. The system works. You will do it

[@SRTBOAT]

You got this man. Take it out, quit your second job, and enjoy the freedom of no debt

[@timbenzel1751]

@@SRTBOAT seriously, I really appreciate that and you can bet I will.

[@SahroAbdirahman-de4br]

You’re not alone, we can do it!

[@zachcarter7535]

9k is considered a small amount these days. Keep at it man

[@musiquefrique]

Wish I’d found this 20 years ago- but I’m here now at step 3- and it’s exciting !!!

[@Vincent.oconnorOConnor]

Me too, started on this path 4 years ago after living payday to payday until I was 48. I am now making good progress to retire at 65 in relative comfort. Stick with the plan it works.

[@annahopp]

Baby step seven here. This stuff works for any idiot. Guaranteed. I am one of the idiots.

[@Vincent.oconnorOConnor]

Correct, just give it a go and choose to change your life

[@SubToRandomVideos101]

Idiot😂

[@timknin]

It worked for my wife and I!!

[@elevate4eva]

How old are you?

[@williamminter7057]

My wife and I are good examples of high income earners with no wealth. Almost $350k/year, together. High living will destroy your income no matter what you make. Trust me. I got her onboard about a week ago, we are barely into baby step 2 and we are soon to be baby step millionaires. The change in momentum is astounding once you believe in yourself.

[@bluejedi723]

Every adult in america needs to watch this video big time

[@Catlovers5983]

I’ve listened to his presentation several times. Inspired and kept me going through nine years of being on the program. It works. Just joined the BS7 team! Still surreal. We are older. Made some mistakes. Found Dave late but not too late.

[@rhondadorst3553]

Same here. I just found him, and I'm on step 1 at 59 years old. But I'll do it! Thank you, Lord, for Mr. Ramsey.

[@jakevillafuerte3468]

Im a 22 years old student living in the philippines, no debt and currently have 1000$ in saving, I also know that the savings that i have are more than enough for 5-6 months of expenses which means i am in baby step 4!! Just saving what I can for my future while making sure that I can enjoy from time to time!

[@rachelesmith3342]

Wow! I’m so impressed with how well Dave Ramsey speaks and just how grounded and reasonable he is. I never understood any of the Dave critics tbh. He’s not selling snake oil or shortcuts. He embraces the hard work and has actually been there himself.

[@robertduncker3579]

I’m new to Dave and all I hear, in a good way, is common sense.

[@sherrills.2332]

Seriously😮??? U r impressed w calling people "stupid"? Use words like: "Screwed" "freakin", "crap". A bit wordly & crude to say the least

[@mannya_realtor]

I love the part where he says, “I’ve had it!” I asked 10 of my closest friends a question and found that only 2 of them have ever lived a day of their adult lives debt-free. Both of the ones who said yes are millionaires.

[@johnhancock1748]

I have lived the vast majority of my adult life debt free. I'm no millionaire tho. Just saying

[@SahroAbdirahman-de4br]

I got divorced and had a baby at the same time, I trashed my credit due to postpartum issues, therefore I’m in massive debt. I plan to get back on track in a year, and if it takes me longer I’ll let you know. Baby step #1 done!

[@de2296]

🎉

[@yamiljahdielmelendez6253]

LETS GOOO! Congrats!

[@billsfan788]

I wish you luck... but watch out who you _uck next time. I do congratulate you for actually having a child. You are an awesome Mom!!!!

[@YouCanDoItKaren]

Stay strong...FYI, Lots of churches have an in person Dave Ramsey program, that provides a good support system.

[@kedricksakala9905]

How is it going

[@highlycooking5754]

I am 32 and just discovered Dave’s baby steps. Going for my baby step one as I type. With a 6 people house whole I pray God watches over my family and I and we be successful.

[@whitestoneandy797]

This man changed my way of looking at money and showed me how wrong so many of my old beliefs were. Gotta thank my ex for introducing me to him.

[@h62628]

Did you message your ex to say thanks?

[@courtneyredfern3865]

57, divorced mom of 2 living happily in step 7. FREEDOM!

[@timknin]

Congratulations!!🎉

[@nananinanana656]

Congrats 👏🎉

[@akro286]

Congrats!

[@charlesg7926]

Easy for you to say, you got fattt divorce payments, alimony and CS. Lol

[@nananinanana656]

@@charlesg7926 Sad mindset you've got there. I can tell you aren't successful.

[@MattyLo_952]

Was 30k in debt with a mortgage, 2 car finances, student loans and 2 small children. Was sold the American dream through college and debt. Last October I decided to make a change and worked on these 7 steps. I am not out of 30k of debt, paid off one car, updated our broken AC and fixed our Bathroom remodel in this past year using these steps. I only make 70k a year God is good.

[@PowerfulMoneyHabits]

I did the babysteps and pd off my car, 2 biz loans, AND my house in 18 months! It works!

[@carolsully1093]

How?

[@pauleff3312]

My *slush* fund - is the thing I *_BORROW_* from when something breaks. YES, I borrow from my emergency fund to cover the emergency, _and I charge myself interest when I use that money if ever I do_ ... And I pay it back with the interest TO *ME!* It took me 2½ years to pay my planned 10 year remortgage-on-separation mortgage. I do not have any debt.... *And this man is 100% RIGHT!!!!!*

[@SamTexan91]

Where do you keep your slush fund? A money market account or something?

[@pauleff3312]

@@SamTexan91 Hi Sam, I'm British & in the UK. Currently we have 2% interest bearing "ready money" / "instant savings" accounts available to us. I have multiple accounts now - all have around £500 to £600 in them (the ready money ones). When something breaks, I use the money in these "slush funds" (instantly ready money) to buy what's needed then I write up a spreadsheet with columns showing what I "borrowed" from my savings and on a day by day basis adds interest to the "debt (TO ME)" less any repayments - just like having a loan from a bank. I then just pay the self loan off as quickly as I can whilst still running my household and saving elsewhere NORMALLY - the longer it takes me to repay the loan the more interest I end up saving FOR ME!

[@macarenaaraujo870]

I do the same! 😊👍

[@lykieu-g8s]

just starting the baby step 1,im from a poor and masive debt family,im 26 and my dad has a heart problem,im in debt myself,didnt go to college because we cant afford it,decided to work and help my parents,and fund my sis school,i really want to change my life for them,and i didnt want my future kid feel what i felt,thank you Dave,much love to you all out there,i hope everyone doing the steps always be healthy and success on your journey,❤so sorry for my bad english

[@Messup7654]

You should really look into wgu and online universities

[@magadorm4218]

Just started Baby Step 3, paid off $40K in about 3 years. The feeling of being debt free after having that albatross around my neck for the last 13 years is amazing!

[@JeanetteSullivan1]

When I paid off my car, my FICO Score dropped 17 pts! It went from EXCELLENT to Good. That is CRAZY!

[@clevernamehere]

Im starting this process. I have 1K in debt. No student loans. No mortgage. I rent from my father in the house that will one day be mine. So basically my rent is going toward the mortgage. Im supwr excited to be started where i am. I have one credit card and it's secured. So basically im just saving like crazy. Single mom. Wish me luck 🙏

[@sarapicken1670]

Good luck

[@ogeteres7618]

One more thing: stay away from gold diggers. They come in all genders.

[@lolwtnick4362]

Lmao you're not on the steps. You're enabled.

[@clevernamehere]

@@lolwtnick4362 what does that even mean? I'm enabled to do what exactly

[@ONLY1KUDWE]

I am 100% on board with the plan. Working Baby Step 2 at the moment.

[@paulbarteltii9998]

Keep going. Debt free is an amazing feeling in itself. And it only gets better as you go. On step 6 now.

[@ONLY1KUDWE]

@@paulbarteltii9998 Nice! Congrats. It feels great with the amount I've knocked out already.

[@joygarrett8397]

Me too. Once I sell my car/payoff that loan & get a cheap one I’ll be free. House is paid for. Kids are grown. Even then budget will be tight as still have to pay property taxes, etc. on limited SS income. BUT free . . .

[@ONLY1KUDWE]

​@@joygarrett8397Good luck!

[@Veganisbadhunter-wx5nt]

Remember... baby step 2 is not forever. It's a short period of time to sacrifice to get to financial peace. Imagine the rest of your life with zero debt! I can tell you it is awesome

[@gregmoore2875]

The Lord Jesus be praised! Next week I’ll be paying off my final student loan payment!!! I allowed this to control my future for many years. No longer bond, IM FREE!

[@Hwkgrl16]

Congratulations!!!

[@Evergreen.prepper]

Baby step 7 here for my family. I am excited about this next step in our lives. House is paid for, 12 months saved for emergency fund for household, 30k emergency fund for anything else. Car paid for. There is no debt anywhere else. We are focusing on investing and prepping for our future and our children's future. I've been listening to Dave for just over a year now and for a few months very seriously. I appreciate everything you've done and continue to do through your company and employees. Anything is possible. Keep your head up and keep going no matter what happens. ❤

[@jason401.]

So the baby steps actually do work? I'm 17 and my parents are pushing this greatly.

[@Evergreen.prepper]

@jason401. yes, they do, I'm turning 32 in the next few weeks, and I have been focusing hard on staying debt free and investing for my family's future. Planning on saving 50% of all extra funds I earn for a bigger house and buying it cash like we did our first place in the next few years and growing my family.

[@jason401.]

@Evergreen.prepper buying your next house in cash? Well done! Congratulations

[@mariapagan336]

Yessss​@@jason401.

[@inezsanchez1034]

In our early 30’s and working on baby step 3. Can’t wait to be fully funded!

[@ryand7713]

Congrats on getting out of debt!

[@maritzasaborioabrahams9406]

You got this!

[@Snesboy09]

I'm right there with you!

[@BrianaBudgets]

Me too!! Just turned 31 and I’m $1,400 away from finishing baby step 3.

[@guitarcountry1]

We are in Baby Step 7. No debt. 2 houses paid for. Many investments and certainly financial peace. We started parts of the Baby Steps before Dave Ramsey went bankrupt because we are older than Dave and the ideas are just common sense. The Dave Ramsey Baby Steps are the best method to have a great life and a plan for retirement. Start with the Total Money Makeover book and you will get the big picture that will bring you financial peace. It really does work. All you have to do is work the plan!

[@ThisGuy-ls3cx]

45:38 hits me. Give no sleep to your eyelids, no slumber to your eyes, and deliver YOURSELF. The way he says that hits me hard. I've got to take control of my life, the way my Heavenly Father intended it to be. It's time to "Clap Clap" Change.

[@mikeclarke6000]

how’s the change going?

[@ThisGuy-ls3cx]

@@mikeclarke6000 It's going well. My wife and I are getting that $1000 saved and budgeting. We've already knocked out 2 debts in the snowball, and God graciously wiped one clean. We're working together to make the most of what we've been given.

[@paigeharmon6354]

I was in Step 7, no debt, paid off house, investments, etc. I decided my next step was to invest in real estate and bought a distressed house. It cost more than double my estimate to make it livable and I took out a HELOC to pay for the repairs plus most of my savings. I'm now back to Step 3. I'm planning to have a difficult conversation with my kids this weekend and explain that were back to Step 3 and will have to live like it again for 27 months to fund the emergency fund and pay off the HELOC. Thank goodness, no Step 5 since my kids are all grad students with fellowships that have living stipends. They all graduated BS with no debt and substantial savings. I'm so ashamed. I went into the RE deal with rose colored glasses. Eventually it will pay off, its already doubled in value, but for today, its left me broke and in debt. Don't jump into real estate unless you fully understand the costs and can fully pay for it.

[@bikenraider99]

He summed it up perfectly; "The richest broke country in the world"

[@jayyme2023]

Currently on baby step number #3 was already ok step 4 but life happened. It’s ok to start over, reset, fail and TRY again. Being able to invest and save freely to change your trajectory feels amazing! Blessings to all on your journey 🙏🏽

[@ryandennis4792]

Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued almost $1.4m in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive

[@0hub1ot]

well a million in profit is a nice milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot on please share more info !! and YES I dont want to make

[@ryandennis4792]

I work with Nancy Magaret Delony . Investing with her has been a different ball game entirely so different from the stale methods of managers I’ve worked with in the past. She has a large following and is easily found online.

[@0hub1ot]

Thank you! I entered her full name into my browser, and her website came out on top. I sent her a mail and I hope she gets back to me soon.

[@imjase-thisismylittleYTchannel]

I've had a toxic relationship with money for years - easily lost over £100k by poor spending habits. Lost a house and car because of it (poor choice in first wife too!). As a father, I do not want the same for my children, and am now on Babystep 3. My partner is fully supportive and we are doing it together. Small achievement, but one I thought I'd never get to. I want 6-months saved, before moving to Babystep 4. Thank you Dave!

[@angievol09]

Baby Step 4,6 here! This program has changed my mind, life and money. Enjoying the journey!

[@Chadly-pe6uu]

I’m 19 and have started watching Dave, I’m at step 4 taking a bit of a step back with buying a home. Which will take my emergency fund down to 5000 but I’ll be building that again. To hopefully get into a home for a future family to grow in and finish baby step 6 early and life happily.

[@pomoshtitsa]

In 6 days time BS1 will be done. I have made a spreadsheet of my debts, and also, on Friday, I can knock off my 1st debt of the snowball. What is so exciting is the feeling of power and control I have from making the decision. I have never felt in control of my finances before. This year, I will be gazelle ❤

[@ChrisBaker-Long-fd7hf]

I'm about to be debt free at the age of 33. Between my husband and I with my student loans, the mortgage and multiple vehicles (which were cheap, but we drove them to death), we've paid off around $207,700 over 14 years. We'll be done in 4 months!!!

[@rookieman329]

Congratulations!

[@RobToSwole]

Great Content! This needs to be Taught in schools nationwide

[@katyedwards3935]

He's got a curriculum for schools.

[@kylerbaker5964]

The school down the street from my house teaches it in their High School

[@Boozyhopz]

My parents are all the proof I need that this program works. They went from considering bankruptcy to being debt-free and then becoming millionaires.

[@SnailMailBrian]

Just a big dumb Marine here. Just seconds ago I payed off all my debt and still have over 1k in savings. Onto my next steps. Trucks paid off, no student loans, and only a house payment. I was scared but after I payed off my credit cards I felt that relief. Now it’s time to build that emergency funds and live below my means for a little longer Adapt Overcome Achieve If I can do it, y’all can do it

[@Seraphina_Atley]

I've never met a dumb Marine. Thank you for your service. Congratulations on being debt free!

[@doombeake8503]

@@Seraphina_Atleythen you haven’t met a marine lol

[@shawnabrams9518]

Congratulations and thank you for your service. I'm not Jesus and therefore not qualified to judge anyone's heart or intelligence. I am an American living in dangerous times, and I'm smart enough to be grateful for humans brave enough to risk their lives to protect my home.

[@aida087]

Congratulations, thank you for your service and I salute you!! Marines are not dumb, Give yourself credit!! My brother is a Marine veteran, and my other brother, an Army veteran and y'all are some of the strongest, toughest and smartest people ever!! 😊🙏🙏

[@dakotakyd]

@@doombeake8503that was very rude

[@Jersey-T]

I been following the steps for a long time. I finally paid off my house and have over 7 digits in investing account. Thank you. 😎

[@ryandefranco7740]

The order Dave suggests of paying off debt is logical to me. Yes, the math is there but so is the psychology. From experience, when confronted with a to-do list, doing the quick/easy tasks first will allow for immediate progress and give you momentum so you can hit the hard tasks with more gusto.

[@NathanGlanzer]

The best option is usually a combination of both but it heavily depends on your current situation. A lot of small debt snowball is probably better. A few large debts avalanche is the better option.

[@HealthCoachHayley]

The Ramsey system is what taught us how to bring me home to be an at home mom on my husband’s income! Over the years I opted to open two companies from home, also thanks to the wisdom of The Ramsey Network.

[@reasy1978]

Nice!

[@ricopedregon1102]

All the comments i read while listening to Dave is inspiring . I’ve been listening to him for almost one year now to help me be better with my finances. I am on baby step 1 .. LETS GOOOOOO

[@robertmathis1043]

I’m 44 years old diabetic on insulin pump. Last week started having thoughts of giving up. This video is giving me inspiration and I am going to start saving up for baby step number one , going to take it one step at a time, and I will put in the effort to make this work.

[@StevieB-jj9fz]

My wife and I have been debt-free several times and unfortunately now we are back in debt. Now we have to go through the baby steps all over again because we are dumb.

[@mama25123]

I am a mom that definitely has a spending problem when it comes to my children. My husband is not a spender. I've had numerous talks with him over the past 8 years about how I'm going to do better. I never really put the work in until I found you. My marriage is the most important relationship to me but yet I was just disregarding and disrespecting it. Thank you for helping me realize how stupid is it to use money as a fun hobby. You are changing my life with every video I watch & every step I'm implementing!

[@claudiaalbert3244]

I’m a 47yr old single mother of two and this sermon has touched me on so many levels, I’ve tried multiple times to get out of debt and save, been listening to this for the last few days and the hope and vibrant feeling I’ve gotten just listening I know for a fact I’m achieving this Goal this time around, this a personal level up 🤗🤗🤗🥰🥰

[@melissahyslop1324]

That’s great, but this is not a sermon.

[@claudiaalbert3244]

@@melissahyslop1324 😒, it is whatever I say it is 🤗

[@loua.6849]

This video teared me up because I've always know the financial system was created to keep us enslaved to debt. I've had enough and now I going to take these steps to financial freedom. God help us along to keep going and follow the road to happiness.

[@jvincy32]

Thank you I am back here after in 2012 being debt free while married. : Now a divorcee and a single mom starting from scratch I got myself back into debt to survive in this country:(

[@traviskuhlman7934]

Just got 1000 in savings. And im tearing up my credit card now. Tearing up the credit card just built some motivation and intensity. I can feel it in my gut this is the right way to go though. Thank you Dave

[@Pembo-vn7qq]

I can attest that this stuff works, period. My wife and I both work in public safety (paramedic and police officer) and our salaries have not always been very high. Even before upward movement/promotions improved our positions, Ramsey's guidelines allowed us to pay off all consumer debt and stack away cash for the future. This was while making roughly $100k as a household. A bigger shovel just expedited the process.

[@frankari1414]

Yes, it sounds like a cliché but “Today” my wife and I have committed to adapting to this philosophy of managing our finances without debts from now on and start following the Baby Steps towards wealth and financial freedom ❤

[@MarcKlark]

Here to learn. Here to win. I've had it !! I'm so angry at bottom feeding in the aquarium.

[@chazzkramer7676]

THAT'S the mindset you need to maintain. Eyes on the prize, WINNING!

[@marysaltlife1427]

Marc, I hope you're doing well. That's the right attitude!

[@chrisswearingen1041]

28 y/o here. Got recommeneded this by a relative. Currently showing my wife so we can begin our journey! Honestly teary eyed just thinking about the future! Wish me luck!

[@StephenTechWriter]

28 years too. Going to show my wife this. We can do it. Sending you lots of strength and wisdom to secure your family tree. I thank Dave for this teaching.

[@maianausa]

Baby step 2 here. Keeping the hope alive. Gotta give myself a pep every now and then to stay focused! I will be more than happy when I make it to baby step 4 but I will keep pushing as hard as I can!

[@Snesboy09]

I got through baby step 2 by listening every day and watching the 10 minute shorts before bed. You can do it!

[@maianausa]

@@Snesboy09 thank you for the encouragement!!!

[@nnekaokechukwu4845]

Every day listening is key

[@J_Gilliam]

Today, I completed Baby Step 1! Ready to take Baby Step 2 head on!

[@simonnealonzo]

🎉 congratulations!! 👏🏾 Keep up the good work

[@MyBestVersionOfMe]

Thank you SO MUCH!!! Finding your channel, audio books, podcast, and your whole tribe has completely changed my life in the BEST WAY EVER!!!!! I'm in the beginning Baby Steps, but I'm gonna follow your way, so someday, I can live and give like no one else!!!

[@hollyegee2199]

I’m so excited to do this! Just bought the baby steps audio book and actually talked my husband into joining me. I thought I’d be on my own because he hates limitations. Whew! Already thinking about things we can cut off. Thank you Dave!

[@saraelizabeth2585]

i am on baby step number 2, a mom of three Say what you will about Dave, this program forced my husband and I to have an uncomfortable yet lifesaving conversation about money, and for the first time I can taste the freedom, I can feel in control. We now have NO car payment, just working on some pesty credit cards.

[@_Renee2]

“I can write a check and buy the complex.” Is the wealth I am pursuing.

[@itscoachsamba]

I love the vibe.

[@UKM-13]

I just finished watching the entire video. It's really eye-opening to see the bad habits and advice we've been given. I'm pursuing the wealth that allows me to put food on the table and to keep the electricity on for strangers who are struggling. There's something about it that motivates me.

[@bojohannesen4352]

Why?

[@brandonwemp3375]

lose the ego and you might actually have a chance

[@juniekalu9340]

I'm on step 2 -- $4k left on 1 credit card. Working my butt off to rid of this balance for good.

[@SharonsHomestead]

I absolutely love Dave Ramsey! God used this man to talk me out of debt with his teachings, but I had to do the WORK.

[@rm26367]

Just love his sense of humor and no nonsense attitude! Thank you.

[@gladesucks7907]

Baby step 1 is done, been chopping my way through baby step 2 for about a week and I can already feel the relief

[@andrealuneau2050]

Debt free and working on Baby step 3 😁 I am eternally grateful for Ramsey Solutions ❤

[@judithcakes575]

Baby step 2. God willing, I will have paid off my credit card debt next month and will be debt free. Excited to start baby step 3. Thank you Lord🙏💜

[@swvafarmer]

32 years old and working on #6. I pay extra towards my principal all the time and keep my mortgage paid up 3 months in advance. I have also been generous and giving my entire life. I get more out of life by giving then by anything I've ever received.

[@MrReinhardt86]

This program helped me get debt free as a single back in 2016. I am now married with 2 kids, and I am fired up to get debt free with this program again!

[@truthtelleranon]

Hold on now, what happened? Lol

[@MrReinhardt86]

@ I married into debt, and my wife was not taught how to properly manage money. It has been quite the process to try and teach her

[@ma356289]

I'm one of your fans from Morocco. And believe me if the average low-income Moroccan made what an average low-income American did, he would live like at least like a middle class American with no debt!

[@JudePi-jx7yo]

The evidence suggest this is not true. Countries with rapidly growing middle class, usually becaues of successful reforms and democratization, seem to have increasign debt.

[@ma356289]

@@JudePi-jx7yo while that seem to be true, don't forget the cultural and religious heritage that plays a huge role on people's perceptions of debt. For example, in the Islamic faith, charging and paying interests on loans is strictly forbidden. It is as forbidden as murder if not even more. So in Muslim societies people have a sensitivity to being indebted let alone being indebted with interests!

[@JustinCase780]

There is definitely a mindset for so many that when they hit six figures in income (and usually the people that love to say "six figures" are making just at the cusp of it) think they are on board the gravy train and actually blow more on stupid decisions as if they are immune to debt.

[@DrLol07]

As a recently laid off person, 3 months is not enough, do at least 6 months. Anything over 6 months just invest it on an index fund, if you ever need it you liquidate and have the funds within a week

[@charlescarmichael1124]

I have always been in a situation of need a few thousand dollars immediately to pay things. I was just given 15k as a gift by my father. He said, "get out of debt and don't go back!" After 2 months I am excited about life for the first time in years!! Seeing the possibilities is crazy!! I can buy real tires for my car that aren't used. I can pay all my utilities current and keep them there!!

[@greatgoodnessgoddessgratit5611]

09:50 sometimes being “locked out” is the best thing that has happened to me!!!! Ty for lending your experience and help, sir.

[@danieldpa8484]

I was at step 6 some months ago, now back to step 1 after we bought a house - should be back to step 6 in 7 years… I hate this grind… thank you Dave!

[@AieMem67]

Thank You Mr Ramsey for changing my life and I say this coming from a family of low income

[@floresnashvilledrummer]

Baby Step 7 here. 45 years old with a paid off house. All thanks to following DR for the past 15 years.

[@Caracalaba]

As an European the thing about debt in USA sounds crazy to me. I'm 30 and I don't know anybody around me that is in debt, other than the mortgage. In fact, I lived most of my life thinking credit and debit cards were the same cause it never went through my mind the thought that I could or would purchase anything without having the money for it