The Debt Is Not The Problem - Dave Ramsey Rant

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[@chappieshappy]

I sure love Dave's Rants. It gets me moving.

[@figzy1592]

Nadine Chapman im in Australia and dam he got me going to lol

[@kfing1]

In New Zealand and by far the best financial help out there. Commonsense and tough love rolled in to one :)

[@joshuawessels2335]

Agreed, Nadine, agreed.

[@Jwalker27]

belinda lewis Same here. Brazilian btw

[@BernadetteTeachesMusic]

Thank you Dave! We paid off over $65k in two years. I'm a teacher and my husband is in the military. YES, it can be done. We bought used cars, paid cash Clothes shopping budget was $100 for THE YEAR We didn't use our air conditioning or heating if we could avoid it. We disconnected ALL of the appliances when they were not being used. We negotiated with our landlord We had fun with it. Thank you, Dave Ramsey Team!

[@ThreeorMore209]

Bernadette Teaches Musi

[@chickendude4299]

That is good Bernadette! Congrats! But isn't it better to simply make more money and don't have to live like hobos?

[@jas7869]

Okay see well with that amount of effort I am only surprised you guys couldn't pay it off even faster! Congratulations but yikes!

[@jas7869]

Chicken Dude Or even better perhaps they can learn from that experience and both not rack up debt in the future that is double that of certain people's yearly income that would work like a charm too! These two were living above their means before and it doesn't matter how much you make if you live above your means you will PAY! Lots of people that were middle class or rich have went flat broke due to huge debts!

[@tagaway6173]

@@chickendude4299 I think they preferred to sacrifice other stuff than their time toguether. People pick and choose HOW to do their own snowball. What's the point of paying it 6 months faster, if they hardly saw each other. Maybe they thought about that.

[@loves2litigate]

As a first generation Mexican American, I feel so grateful and privileged to be in a country that is surrounded by people offering this rich information for a better life. Thank you Dave Ramsey!

[@igorskiboss331]

Same here. I'm from Ukraine(close to Russia) 👌👌🍻

[@TL31777]

I am one of the lucky ones who did discover Dave's show over a decade ago. I started fighting the good fight against personal debt...Paid off my home in October of 2016. YES!!!!!!!!!!!!!!! Now I am investing and saving and living my life on my terms. Running my business w/ time for a Sports Talk podcast as a hobby funded by my good decisions. Be smart, take advice from people that have done it right. Thank you Dave and Family!!

[@quemino]

"You wanna know what's wrong with your money? YOU!" haha I LOVE this. :)

[@michelhanson1500]

I really wish I met you 10 years earlier Sir Ramsey. Listening to your programs during the day on KZbin is all the motivation I need to see what I'm working towards. Keep up the good work Mr. Ramsey.

[@EROBLOX2014]

Michel Hanson same over here. Now I'm focusing on my debt, savings, and living below my means!!!

[@mountiescorner]

Michel Hanson I listen to him also during the day to keep me focused and on pace!

[@michaelstepp8883]

And changing old behavior is hard possibly the hardest thing you will ever do, but I am working on it... I started out $31,366.91 in debt July 27th, 2016 when it hit me and I started a budget right then and seven months to the day I am down to a total of $9,503.97 IN SEVEN MONTHS..... I only bring home $2,200 a month total and I have sold a few things but if I can do it you can also... I am planning on selling a few more items I have that I don't use and I should be out of that $9,500 in the next three months if I am able to sale for what I am asking for. Thanks Dave between you and the lord yall got through my hard head and I feel so blessed now and I can't wait to finish paying off my debt and being able to bless others

[@droptozro]

Awesome job Michael! You have about the same income as our family and we started our emergency fund in June 2016 and just finished the last few thousand with tax refunds. People at work were unbelieving in how we saved over $8500 in 6 months on that income. Work, patience and focus paid off! Keep going man, you'll be done with step 3 in a short time with that behavior.

[@michaelstepp8883]

Thanks I am starting to see the light at the end of the tunnel and I figured out it isn't a train so I am going to keep pushing hard and glad to hear from others that have already been through it. Love it

[@dustysgarden2254]

Michael Stepp May your ducks be blessed . (Because you got your ducks into line) or another way (got your self in order) That's fantastic work mate. You put your finances before your ego. 🙏🏽📖💪🏽

[@ImprovementisGrowth]

I make around the same as you do. You are my hero.

[@michaelstepp8883]

I did have to sale some things but If I can do it you can too... Remember what Dave says "Live like no one else, so that later you can live... and give like no one else" it's a small price to pay now to do without but imagine having no monthly payments and a fully funded emergency fund and how stress free that will make your life. You can do it, keep pushing forward and you can be someones hero next...

[@chrismatt491]

This not only works with debt but a variation of this works with goals in general. I had no debts but applied this strategy to goal achievement and I have successfully saved for a car and now saving for tuition. One goal at a time, at least for the ones you want to achieve in the short term. IT WORKS

[@ReturnOfTheJ.D.]

The reason it works is that a small successes is easier to build on than a large one - it also tends to push you in the direction of a larger success than the one before. Same way a string of small failures can magnetically draw you toward a larger failure. Start small, and you have room for growth. Really hammer it though too hard and you burn out fast like a shooting star.

[@GrislyAtoms12]

"Wanna know what's wrong with your money? You" My favorite Dave Ramsey quote! I thought back on my life when I was accumulating debt, and realized my habits and thoughts were indeed different back then than they are now.

[@fpl_bailey]

spot on, it is me, "I am the problem that is the bad news but the good news is I am the solution" 😀😀

[@JulianA601]

Dave Ramsy is speaking the truth that I have been practicing since I was a child. It allowed me to retire twenty years ago.

[@Albert12893]

Well done

[@nickyspersonalfinance9256]

Where's the LOVE button. Dave you helped me find my purpose. Blessings!

[@Janelle-ws3cy]

This is the biggest "I told you so moment" hahaha love it

[@jhk826]

i'm in finance and i agree with dave 100%. this by far is my fave dave rant vid. debt/math is NOT the problem.

[@thdn8127]

It works, I had three debts in 2001. A car loan at 0%, student at 3.5%, and house at 5%. At paid it evenly for a year, then switched to paying off the smaller first. Fewer debts is less stress and better life.

[@Thegreat772]

I live in the UK and totally love his advice. I'm dire straights tbh and recently discovered this man. It's like a slap in the face, a wake up call to be more precise that I needed and I watch every day to keep my focus. Keep up the good work. It's helping people not just financially but emotionally as well.

[@RRR20238]

That moment when Dave Ramsey says "You don't live in Russia", but you actually do live in Russia)

[@lavendarj7318]

😂

[@EdgarD4GEspada]

😭💀😭

[@andymsk1]

Та же херня, чувак)) Но мне кажется он нихрена не знает про Рашу,)

[@makeupviews]

🤔😬🤣

[@marionwallsten7507]

🤣🤣🤣🤣🤣

[@KristinaBulavina]

Dave, what is wrong with living in Russia? I am from and in Russia and we love you and successfully are getting out of debt by following you plan. you are right - it is a behavior moment and I chose to change. now I am on baby step 2 with 1 large debt (mortgage) and no credit cards or other debts. I am 27 and I am doing it!!!! Thank you so so much!!!! for what you do.

[@MrAceman82]

Секоја чест, Кристина.

[@laurenandreas5950]

Nothings wrong with Russia, I am proud of you, you are doing very well. Being debt free is a wonderful way to live!!!

[@johnsmith-zx5er]

In Russia, debt spends you!

[@ouvickie]

My parents and grandparents were smarter than most "financial wizards." I realize that now, too bad I didn't listen when I was younger. Now I'm playing catch-up.

[@mariolevicy2792]

Vickie Allen you live and your learn but you will succeed

[@ouvickie]

Indeed!

[@rosebud7105]

Sense of humor...pricless! LOL

[@AslansMane88]

Love, Rosie For everything else there's Masterc- I mean, Dave Ramsey.

[@jimettamarna417]

Hey Dave - I actually did go to Harvard Business School for my MBA (having graduated from my state school for undergrad). My friends laugh at me for being so risk averse (for being debt free) and tell me I should carry a big mortgage in order to have more money "at work." I totally get the theory (especially working in private equity). But you are so right; there are different rules/objectives for "personal" finance. It is so tempting to spend more as you earn more... I have friends earning seven figures per year living month to month. Personally, the luxury I value is the knowledge I can weather a storm without my family feeling any effects. Modern society encourages people to spend and borrow and spend. It keeps the economy going (and some people motivated to work hard) but creates all kinds of bad consequences...

[@DMaster81]

1.6 million getting 1% is still making 16 grand a year in interest.

[@Idiotsincarshere]

DMaster81 I would still find a better investment option or advisor.

[@knpstrr]

It's losing value at that rate.

[@denz4133]

inflation is 2ish% per year, if you're making 1% interest in REALITY your money is at least 1% less valuable after a year sitting in the bank doing nothing. Keep some cash in the bank but invest the majority of it.

[@JJTheFoodie]

1 million would be making $100k in a 10% ETF

[@mylesmackey2430]

Dave says what’s real... and some may think it’s insulting because he’s outright calling me/you/us stupid... but he makes me feel good about myself!! Crazy!

[@gordonfreeman5434]

I think another part of the problem is nobody is working. "Ohhhh, I went to yale, I can't be flipping burgers".

[@fpl_bailey]

Gordon Freeman pride

[@laurenandreas5950]

My mother always told me, “No honest job is a bad job”! If you feel ashamed it’s “False Pride”! You say ‘Flip burgers’. Although, I feel that all these older people are taking the jobs that teenagers had as their first jobs. Where do our teenagers work today if McDonald’s is forced to pay older adults $15 an hour so they can feed family’s? Our country has been turned upside down because we have so much unskilled labor looking for work! When I was a teen the fast food restaurants were where we found jobs.

[@moriahsawesomevids935]

I love rants they are so awesome.Hope to be dept free by November 2017

[@mikenelson8377]

Moriah's vlogs and more I bet you'll make it happen. I became debt-free back in August of 2016 because I controlled my behavior. No one was "forcing" me to spend my own money except me. It wasn't easy but once I got into the habit it I actually became scared to spend $20 at once lol.

[@granitemoss1451]

I know you posted this a while back, but while posting now, that's 2 months away. Almost there! Go, go, GO!

[@erinsymone1645]

It's november 29, 2017. Really hoping you are out of the hole now... I'd love an update if you're still around on this account!

[@zainabomer7511]

Well did ya?

[@yudhiadhyatmikosiswono9082]

Debt is not a problem if you can manage it and always save money for future, that is a lesson i got from my dad.

[@salvadoramaya4908]

I love these talk shows! I'm 20, but whenever I was 16 I was set on getting braces since my parent couldn't afford it. At the time I had no debt and suddenly I had to pay 3.5k which doesnt seem much, but at the time I already stressed! I finished paying for the debt in only 6 months working a part time job in best buy and doing other jobs like mowing and babysitting! Now I find myself with a better appreciation for money which is why I've decided to finish 2 years of basics in community college with no winter or summer breaks in between to cram as many classes as possible while working a part time job. Next fall I will be able to pay for 1 whole year of my university tuition in cash! Hopefully, I can pay the last year (10k) 6 months after graduating! Whoever, excuses themselves for taking up loans after high school need to man up and stop making excuses! Being 100k in debt and no job is the worst investment in my opinion especially since work experience is as equally important as academics, maybe even more.

[@Sam-xc1mm]

“I just couldn’t say it that beautifully” 😂 Dadgum Dave you are awesome! You have helped me so much and I can’t thank you enough. I’m almost out of debt and you gave me the tools. I preach EveryDollar to anyone who asks me about budgeting. Thank you for all you do!! God bless you!!

[@misschenda4717]

I love all of Mr. Ramsey Rants LOL i can't seem to stop laughing in tears lol

[@alejandrocantos3342]

Dave gets me fired up whenever I feel like doing dumb spending. Thanks buddy!!

[@MrBrewman95]

Graduating in August with no student loan debt. I only borrowed money for the education not the experience.

[@kaohsiung99]

???

[@JoshuaHeartKristen]

Love you Dave Ramsey!! You are a blessing to my family. Can't thank you enough!! Keep doing what you do! From Canada:)

[@theguy4548]

The people who have not jumped on the Dave Ramsey train, need to watch this video. Not because of the Harvard thing but because he speaks on how him and his team have been helping those in need for 25 years. Not by giving them money or loans but by giving them the information on how to help themselves. Shouts from Oklahoma..

[@Csoriano14]

It is very true that it is not math, rather "behavior" guilty...

[@cyndidoll1896]

you should be on every Chanel why didn't I met you like 5 years ago,it hurt that I just met you.

[@vicavell1]

baby step 3 done!

[@justifiably_stupid4998]

+Dave, look up the Harvard study's sources to find out if you are one of them :) maybe ask for royalties.

[@ImOldandSoAreMyBooks]

Our family has paid off $26k in 16 months and we're not done yet! The Five Cents Matter brand is all about our own debt free journey while encouraging others. Do not give up!

[@KnockoutInvesting]

The Debt Snowball works for people who need psychological and emotional support. You pay more interest in the long run but the little quick victories will encourage you. So more people are paying off their loans using the snowball method than the debt avalanche method.

[@elsaromero4743]

After beginning the baby steps I feel in control about my money, I don't stress, I smile more because I have more security. oh yeah and I have real cash money in my bank account 😂 Thank you Dave!!!

[@RealLifeMoney]

Behavior > Math! So low GPA's are not an excuse haha

[@mzgemini0006]

Now that was a GREAT video. Had to share that....

[@GamerNRetro]

I've literally had that OOOOO YEA Moment (in macho man's voice)

[@AslansMane88]

Dave's best argument is his achievements helping people escape debt, which his detractors cannot boast. His ideas work, overruling academic theory.

[@joshuawessels2335]

Mr. Ramsey, you have helped millions. THANK YOU for your help! :-)

[@Amy-dv6zi]

I’m from Australia and this makes sense! STARTING RIGHT NOW!

[@ericdaniel323]

Thanks for this! People get so bogged down in things like opportunity cost and rate of return that they don't do anything. If you did everything else exactly the same, it would be better to pay the debt with the highest interest rate and invest at interest before paying debt. But almost no one actually does that. You get motivated by quick wins and light at the end of the tunnel.

[@dianesanschagrin7744]

You are so funny and so wise.

[@robertschuster7246]

One of the best videos on the web

[@MsArtemis01]

Starting to get a handle on my debt issue. I'm picking up more hours at work like crazy. Going to do an experiment if I can get my small car loan paid in six months, then attack my credit cards after. Going to need Davis to give me the motivation.

[@oscarcastillo340]

I am dept free thanks to dave I am 25 dept free decided to take my car to the dealer since I couldn't sell it and pay the difference to get out of the loan thank u dave ramsey I wish I can make the scream right now lol

[@whopoopdinmycar]

very excited I found this guy

[@agentharvey1]

your the man Dave!!!

[@lindaredding4743]

Thank you for inspiring me to get out of debt. House & car paid off. Didn’t have much CC debt, but it is paid off too. I’m DEBT FREE!! YEAH!!

[@fleurelise997]

It's not just the psychological motivation of the snowball. The funds from each debt paid off accumulates so you get more and more to pay off over time. Simple compound payoff.

[@ladypilliwick8179]

one of his best rants....he's got me doing em now.....no one listens.... sad note..banks have record profit this year

[@larissa.lifeofapregnantwid1243]

Lady pilliwick oh well, they will be in debt for ever , for those of us who do listen - ohhhhh. Yeahhhhhhhhh !

[@beezee3297]

DAVE RAMSEY CHANGED MY LIFE!! Ready set go!!!!

[@ibmtpx24]

Happy day for Dave indeed. Words don't matter. The paradigm shift is the source of the behavioral change.

[@mammothorbust]

Dave's the man.

[@aqua36918]

Love the "Oh yeah!" moment! 😀

[@wanyinavybes421]

I love it when Dave gets super sarcastic 🤣🤣🤣🤣🤣

[@wkinman50]

Dave Ramsey is the Bobby Knight of Finances. I love it

[@MandyLina123]

I think the issue is so many people see no savings and think its okay. Neighbor is 29 and jealous if I have savings because she is always a victim. WAKE UP PEOPLE, we can't always be the victim. Take responsibility for YOUR financial future.

[@richkisi4195]

shout out to dave ramsay from New Zealand.

[@Ardiane1]

it's true. Gives you a sense of power. I'm almost half way through

[@rralphymiller3115]

Good stuff Dave. Love the rants! 😱

[@donnadagostino7717]

So awesome!

[@leonardocespedes7876]

Just amazing

[@justinjex1]

Dave Ramsey for President

[@carlosgarcia-jz3dq]

it's 100% behavior, habits and most important, CHOICES. What you choose to do with your money is what controls the whole show.

[@jhk826]

U rock! Loved this rant!

[@robertschuster7246]

Best budget video i have seen so far.

[@rooclicknet8666]

@TheDaveRamseyShow I love you Uncle Dave! I am working on getting out debt

[@JK-fd8it]

"It's magic, your different!" Now, that was easy😁👍 declared a war against debt February 2018 now snowball is crushing it, got 4 debts knocked down💪

[@steveng.c.8524]

Great advice Dave, rock on broski!

[@PrincessImaani]

Ready set done:)

[@lynnknight2192]

Don't you just LOVE it when you know you're right?

[@MsAngklin]

I would love to see Dave get into it with a Credit Repair Business person were they believe in having debt, not paying credit cards or loans off and believe in FICO. I LISTEN to a friend of mines videos on credit repair and of course they absolutely are against Dave and his principles that work. Lol

[@melvinlee9263]

My parents watch Suze Orman and are still in debt. I watch you and have no debt.

[@dcgo44r]

Addicting!!!! Just as a credit card with a 10k limit! Lol. No seriously great show. Wonder how didn't get here before!

[@NANGSGARAGE]

Solid stuff. Love it!

[@elenabelorcreativestudio379]

I rarely leave comments... but now I feel like I have to. I do live in Russia, not in the US. And here we also have the chance to change, it doesn’t depend on the country you live in, it depends on who you are. so I started to follow this KZbin channel just to improve my English, but thanks Dave for your podcasts, listen and watch with pleasure and make changes in my life. Started month budget this month , hope to follow the plan. It’s pretty simple when you know why you do this and what the final result you expect is.

[@RyanSmith-od5cj]

Did Harvard just look at Daves "data" in comparison to other financial advisors? 😂

[@SigXman]

No debt. The most money I ever had in my savings. Period.

[@scottengh1175]

Your best rant ever.

[@keith2754]

Hahaha love you Dave and your rants

[@pablofr74]

We need to start focusing more on the facts and stop with this craziness we are living

[@tonyahenry4167]

Whenever Dave says fleece your car I die 😂😂😂😂😂😂

[@kzamora2548]

The 73 people who disliked this think Dave is the problem!

[@percyastronautstatus.8780]

Reasy....set...GO!......TA DAH.......YOUR DIFFERENT!!! AMAZING

[@billiebobbienorton2556]

The Debt Is Not The Problem - Dave Ramsey IS!

[@santoniop5618]

Hahahahaha the Harvard business review moment is fantastic

[@boyztoyz6583]

You changed out life as well. We have purpose now, in a world where everyone is looking for purpose.

[@Unique-pw9tt]

Love it.

[@GadeaOne]

This is lovely!

[@robertschuster7246]

One of the best videos on you tube i was faithless bought some of the biggest stocks for 100 Euro and got the AHA Jippy yeah Effect

[@iemjay]

While I agree that paying off smaller to larger debts is motivating, I have been paying off my debt, largest to smallest. That has been just as, if not more motivating. Yes, it is motivating to pay off a small loan, but that motivation goes out the window when you look at your largest loan and how it got so much bigger, knowing well enough that you will have to come face to face with it someday. It's much more motivating to me to knock out the big guy first, and then each subsequent loan will be easier to pay off and much less threatening than the last as opposed to harder.

[@lizamarie3472]

Matt Fuchs you have to find what works for you and do it! I lovedave Ramsey but I don't follow all his advice to a T. My smallest debt had 0% interest on it for a year.. no way I was going to pay that one off first. In the end.. I'm debt free and now attacking my mortgage! Good luck and keep motivated!

[@arleneaugustahair8393]

It’s not cookie cutter for everyone. People need to do stuff tailored to their situations. I do the Debt Snowball Method but since we have a lot of extra funds coming in, my husband is tackling the principal on the mortgage. We’re doing what’s tailored to our household because it works for us. At the same time, I know what I’m doing. We also put money in our Roth IRAs. Once the mortgage is paid off, we can invest like crazy and focus on the rest of our debt. Now neither one of us actually works. He a Retired Disabled Veteran and I’m a Disabled Veteran. I’m about to go back into the workforce next month so things can move a lot faster. I’m losing my mind being home but the doctors sat me completely down. I didn’t have a choice.

[@RicardasV]

The best motivator ever! I love this guy!

[@benstarnes2048]

Tell it like it is Dave!!

[@dks13827]

Need more prevention, Dave. Are teachers able to teach this ? I don't know. I really don't think so.