Are Gas Prices and Inflation Hurting You? (Watch This Video)

💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...

[@CMDDK]

No matter if you are in or out of debt, inflation and high gas prices lead to less buying power. Dave needs to acknowledge that at his level of wealth, there is less of a bite. If you are out of debt but make $50K a year, this hurts.

[@gamerschannel9610]

Couldn’t of said it any better.

[@martycech5844]

Best to live ‘Debt Free’ regardless of the economic climate!

[@MikeThePike316]

Wouldn't his buying power be affected as well, but with more commas? Point still remains: inflation sucks less when you're progressing through the baby steps.

[@louisbouchard6869]

It is affecting me a little but but not so much that I am worried about it.

[@WyMustIGo]

Dave is in his bubble

[@username9999]

Even with a fully funded emergency fund, I was a little freaked out by the completely empty shelves of 2020. Even with money, you can't buy food that isn't in stores.

[@RuthAnnNordin]

My thoughts exactly.

[@realrichiewoods]

Find a local farmer!

[@focusedfreebird]

@@realrichiewoods amen! Work the soil!!

[@aimeew6880]

Same here! It was a rude awakening for us in that we needed to learn how to sew, garden, etc. We didn’t go overboard, but we have since stocked up on flannel and other basics. We have started gardening and teaching our kids the same. We also started buying meat locally from a farmer and buying in bulk. It’s never a bad idea to be prepared.

[@gloriack7976]

Grow your own, establish connections with local farmers and dairies, work hard to figure out what your family needs to survive and make sure you have what you need with the resources available to you. For some, that is moving out of the city and growing/raising your own food. For others that means putting back extra food/water/ establishing rapport with your country friends and family and setting up a bartering system.

[@JesusisKing316-18]

Love when Rachel is on the show. She’s the only one that can really speak her mind. They are both right but Rachel brings a realism to this that even if you are doing all of the steps it’s still tough.

[@Whocares12343]

She was about a pig shy of getting fired on the spot

[@blackworldtraveler3711]

She's a multimillionaires daughter. Just playing the role for your benefit.

[@ykciR]

@@Whocares12343 she only speaks her mind cause Dave is her father. Dad isn’t going to fire the princess. 🤣

[@Gajdosh]

Funny. Rachel greatly irritates me when she doesn't take Dave seriously or is outright dissing him. I for example don't believe she is genuinely interested in finance, she is just playin her role in the family business, but she feels very phony to me

[@ultra91790]

@@Gajdosh She seems very real to me.

[@thefitinvestor8803]

I love when Rachel is on the show. She’s the only one that gives Dave a reality check and challenges him lol. Perks of being the Daughter!

[@MrECatalan]

Rachel will always be bae 😍

[@grantguy8933]

Probably Mrs Ramsey is the real boss at Ramsey household

[@I_like_turtles_67]

I have a soon to be five year old daughter. Nothing gets past that kid lol.

[@noobz4hire290]

@@I_like_turtles_67 same

[@bassgod985]

I didn’t know that was his daughter

[@MR3DDev]

Dave sounds very out of touch on this one. You can be debt free and have emergency fund and everything and still think this is effed up because you are basically earning less money.

[@brianparrett114]

Don't like what you are getting paid? Then get a better job with a higher wage or get a second job. As they say, pull yourself up the bootstraps.

[@MR3DDev]

@@brianparrett114 Is not about the job is the fact that money is worth less and less each day so that is not the solution. The reason why the overtone window is so far to the left is because people on the right just say "we can adapt"

[@fredsanford1437]

@@brianparrett114 wages never keep pace with inflation.

[@scarpfish]

Every ideologue on the internet thinks the Overton window is moving towards their opposition.

[@brianparrett114]

@@MR3DDev prices aren't changing daily no matter how much hyperbole people peddle.

[@elkoikan5993]

Omg Rachel is a human! I can totally relate to her. She is like me, save but still get emotional when stuff goes bad!

[@j.m0ney133]

Inflation leads to less buying power for consumers. This is a real problem we are experiencing now.

[@ap-lt2oj]

wow, very insightful.

[@misutasutanto6312]

@@ap-lt2oj 🤨😂

[@lanaj1107]

@@ap-lt2oj I love your sarcasm! 😄

[@blackworldtraveler3711]

Inflation is nothing new and it looks like many did not prepare if it's a real problem. Can't speak for me. I'm fine. Debt free with no financial issues. Always lived within means,saved,and invested so no problems.

[@KS-xb3cg]

@@blackworldtraveler3711 it’s not new. What is new is that it is being CREATED INTENTIONALLY.

[@wahinepaddler4]

Rachel just brings it all back to reality.. the cream cheese 😭

[@Commanderson7]

Regardless of ones financial situation these prices should not be happening and we should not be ok with it regardless.

[@truth.speaker]

Who's okay with it? 😂😂😂

[@ConradOMalley]

Nobody.

[@BryanSanchez-oi4cv]

✍️ ✍️✍️

[@meganstockwell7760]

so glad you said this.

[@travelingecho]

100 percent

[@TFTO1973]

I am in my mid-seventies and remember (like it was yesterday) the rising/out of control inflation in the early 1970's. Most people thought back then that it was the end all. Here we are in the 2020's with 'almost' the same type of scenario. When I say almost, back then, we had 1 1/2 - 2 hours of TV news per day. Now it's 24/7 with hundreds of different outlets and everyone saying something different. It's no wonder the people of today think that this is the end all.

[@fernando.3352]

People love to complain about anything and everything. But they will buy really stupid stuff and not even think twice about it. Build and become financially secure and these inconveniences will not bring your world down which is how a lot of people are acting!

[@SirWhisky]

7.9% YOY inflation is an issue, glad to see Rachel be the voice of reason here. It’s hard not to see inflation hitting the grocery store category in the budget.

[@stevenporter863]

My thoughts exactly. Dave: inflation, this and done. Rachel: inflation, do this which sucks. Rachel seems to be tuned in more to the average person, even going so far as mock Dave for complaining about filling his big truck twice.

[@Paul-jp8zz]

7.9 CPI.. Real inflation is far higher.

[@ellencox8415]

7.9% 🤣🤣 ... it's well into double digits based on the more accurate original formula.

[@KKing-rf4ix]

I agree, proof that it's hard for someone in Dave's position to relate to the more common American. This period in time is way more than "inconvenient" Dave. I'll be very curious to hear what the 3rd Pig has to say a year from now... stay aware and be prepared friends.

[@stevenporter863]

@@KKing-rf4ix Exactly. This is not some bill you talk to a collector about and file it away when it is done. The apprehension for people without a seemingly endless supply of money to put into an emergency fund is this may not be an emergency, but an indefinitely new way of life.

[@joythelen9189]

Dave is a prime example of elites lack of understanding middle income struggles. Understanding he worked his way up in thinking he's forgotten. My budget has doubled due to inflation which has created inheightened stressed and fear. Thanks to Rachael for acknowledging this!

[@aaap3875]

@@nchinth exactly, stop buying gas, eat cheaper and less meals, don't sleep and work Uber

[@miguel4297]

@@nchinth you seem pretty sharp

[@kmcouch613]

I'm with Rachel. We've done it all. Debt free. Have the 3-6 months emergency. But it sucks when everything costs more that since we've been good, now we can't do as many fun things as beforehand because it costs so much!

[@IceWhiteice22]

You want to enjoy the fruits of your labor though

[@kmcouch613]

@@ib12541 I know that. But we have a full emergency fund, stay debt free, and live minimally so we can do the fun things with our kids. Now with everything costing so much more makes monthly expenses cost more so not as much extra money to do those things.

[@stevenporter863]

Rachel covered both the practical and emotional piece. Dave only address the emotional piece after Rachel.

[@brianparrett114]

As Dave says, get a second job... apparently you can make good money delivering pizzas.

[@Sheryl777]

@@absolutetruth3290 👍

[@IDIGGTAYE]

It's insane and salaries do not rise. I really feel for families out there.

[@michaelwicks8830]

She’s SO LUCKY to have a father and this exchange is precious. It shows exactly how a father took responsibility and taught his daughter how to do life.

[@youtubificationizer]

Nepotism

[@sagatuppercut2960]

Just think: if we had more responsible fathers raising kids. There would be a dramatic reduction of social problems!

[@highlyfavored2434]

Her other siblings are so out of the public eye. She's her fathers daughter for sure

[@mirix1515]

@@highlyfavored2434 Requires talent to be on the talk show. She has it the other may not. Or simply don’t want to be in public and have chosen a quieter life.

[@djwildness]

@@sagatuppercut2960 ky

[@davidhidalgo8465]

I’m a fan of hybrid powered cars, but not fully EV. We’re not there yet, our power grid is no where near able to power EV everything

[@sandrateer1994]

My anxiety is high. I owe no debt, have a stable investment portfolio and sound real estate holdings. Rachel is right. I am the fourth pig. I can fill up the truck but I resent having to give up so much just for transportation.

[@iamdaniel1263]

You need Jesus

[@sandrateer1994]

@@iamdaniel1263 yes everyone needs Jesus. How does that relate to my comments?

[@mirix1515]

That’s why u have emergency fund.

[@VenetianSnus]

Jesus isn’t real which is why he provides you no solace. But maybe try therapy, cannabis and gratitude. Oh and turn off the fear factory aka Fox News.

[@chupaperro4]

I relate to the 4th pig - it is not fair for everyone that saved money and now your money has less value. Just saying…oink oink

[@beatdown3361]

Fair? When is life fair? lol 🤦🏻‍♂️

[@JS-nr7te]

It's not fair but it doesn't need to be intentionally unfair.

[@Shenanigans000]

Dave, you're like the Dad I wish I had growing up. Thank you for being REAL and guiding us on important things in life! 🙂

[@wannabecarguy]

My dad tried to give me the Dave Ramsey treatment when I wanted to borrow some money for my business. I told to knock it off and write a check. He did and I paid him back within a month as agreed. And really I just want 5 g because there was a check in the mail and I wanted to buy some equipment. But he wanted to over think it.

[@ragescholar817]

I'd imagine the 4th pig being a pig that makes an underground bunker and goes way off the deep end in preparing for the literal end of the world. He's so prepared, the wolf doesn't even show up.

[@atdepaulis]

Lol

[@richievaldez3607]

I thought the 4th pig was gonna shoot back at the wolf or blow the wolf’s house down. Or just set up a wind turbine to power his house.

[@alinatamashevich3354]

The 4th pig set a trap for the wolf and grilled him.

[@TheHoriginal]

@ Alina LOL 😆

[@game411]

What really has affected me financially is the increase in property taxes in FL, specifically South Florida. Then add the inflation and gas prices and I'm practically underperforming. Finances is not perfect and your income level does matter in times of crisis no matter how prepare you are. In Christ I trust though.

[@rjhartre]

Dave, I understand what you are saying. Our family has followed your plan, we are debt free except our mortgage, live on a budget etc. My question is, how do you reconcile these gigantic quarterly corporate profits and the impact to all of us. We are obviously being gouged here.

[@diablo55]

Exactly. Any honest discussion of “inflation” needs to include going after corporate price-gouging and monopolies

[@incidentalfinding2254]

The PPI has outpaced the CPI. That means corporations have actually been holding back the temptation to pass on rising costs to the consumers. So it's been the opposite of price gouging. But there will soon come a point where they can't afford to hold back the rising costs any longer, and then consumers will really feel the impact of inflation.

[@reneramirez4516]

Quantitative easing

[@dougcrysler2347]

I’d love to be in the Ramsey home at Thanksgiving. That could be very entertaining, lol. These two personalities do complement/balance each other. Keep it up, dad and daughter!

[@BadBrad119]

Everything has inflated by pretty much double, but my job that used to pay a power engineer $18 an hour pays $24 with a hefty tax bill. The math isn't adding up

[@Sheryl777]

I died (not literally) laughing when Rachel asked if she could be the 4th pig lolol. And then Dave said, "Yeah if you want to add a bunch of drama into it" haha. 😂🤣

[@mikemayo4812]

Thanks for clarifying that you didn't literally die. I thought there was a ghost typing this comment.

[@ikeacha4153]

@@mikemayo4812 In my experience, a lot of older folk get really annoyed when people exaggerate language like that. Possible that that is the community she surrounds herself with most and thus has been influenced to use those constant clarifications

[@acruzro95]

@@ikeacha4153 or dont care and let common sense people understand that people dont die with jokes.

[@littlelarry2912]

@@acruzro95 Some with certain levels of Autism do not understand sarcasm. It's a sad thing to see.

[@Sheryl777]

@@mikemayo4812 lol!

[@Debi-1220]

I’m on ssdi.I’m trying to pay debts off.I do budget.With prices going up it’s hard to get toward any goal much less security.

[@michelarosier1918]

Keep going 💪 you can do it. 🙏🏼🙌🏼

[@Debi-1220]

@@michelarosier1918 ty so much.I feel so discouraged sometimes.

[@michelarosier1918]

@@Debi-1220 don't be, cause things are going to test you on your journey. I went through it myself, I had to stay focused, learned how to have a plan in place. Also, read books financial books to keep me motivated, the KZbin videos like David Ramsay, and his other Ramsay solutions teams got me motivated to become Debt free. I'm not homeowner yet, but, I'm debt free, still do my budget and learned to say No to family members, friends that ask for money. You can do it, I believe you can. If you believe you can. God bless.

[@Sitchinte]

@@Debi-1220 dollar tree 🌳, not dollar general, not Family dollar, but dollar tree is where I find my best deals, just my personal experiences. You may find they all have value pricing.

[@cl181]

Sell everything you don’t need that’s in good working order online now. Or garage sale for a quick flip. This guy never talks about money money 😉 big problem for his viewers

[@michaelpowers6632]

At 23 years old and debt free, I’m feeling the pain. I spend the same money on groceries and buy less food and don’t visit family to keep my gas from destroying my budget more

[@NickPShow]

I'm in your position too. I make 70k/year, work from home but even when it comes to weekend driving gas is still a killer. It's not just gas, rent prices are through the roof which is the main budget killer. I feel like I'm doing well for my age in my twenties saving 15% into retirement but rent and food prices are through the roof.

[@jennifermoffitt7294]

@@NickPShow you are doing well. Better than i am. i'm 47

[@NickPShow]

@@jennifermoffitt7294 That's what being in technology will do for you, it's never too late!

[@Trailsandspaces]

When Dave starts yelling I thought Alex Jones was on the show! 🤣

[@oroville12345]

But Alex jones is right

[@alinatamashevich3354]

Goblins?

[@multifariousgemini]

Yes! I started my budget and emergency fund habit in 2017 or 2018! I'm go grateful I was listening before the pandemic! Thank God!

[@debrajames6286]

👏

[@semperfi-1918]

I did the same but due to tight budget and... recent exspenses and now no overtime... even tighter finances. Making it tho but tightly.

[@andreahaley8533]

Rachel is the best thing that has happened to Ramsey Solutions. I used to love Dave but sometimes he is just so out of touch. Rachel brings some humanity to the Ramsey name.

[@baklava6138]

Negative, Rachel is clueless.

[@benvarela4472]

Of course, because the man is Rich, very very Rich

[@luiscastillo7009]

who actually buys a house with 20% down?

[@terrierislander1]

Dave is old fashioned his daughter is not.

[@wholesome122]

Nah, her contributions seem unproductive to me. One of those “let them buy Teslas” types.

[@joeowings4843]

It is a real thing even if you are working on your stuff. The cost of things going up does hurt. I'm working on paying off my debt but it takes time. I love watching your show!!! I can't wait to be debt free some day.

[@leangela2006]

Yes it hurts when gas and groceries utilities are going up hurts your budget when you have the check coming in. We just have less to buy food and gas so we can pay the house and utilities!!

[@micahjakubowicz4172]

I don’t really like this take. It is still frustrating that even those 3-6 month of expenses are 4-5% less valuable than they were a year of two ago. This answer basically is, “if you are rich then you don’t have to worry about inflation”.

[@stephenshelton4267]

If only inflation was 4-5%. Like unemployment, the way these numbers are calculated was updated in the 80s to generate friendlier numbers

[@ZombieEater1001]

He’s saying be prepared for emergencies and situations like this!

[@herbiehusker1889]

@@stephenshelton4267 it's way higher than what the CPI is claiming. The CPI is 7.9%, in real life it's probably double that.

[@rupertmedford3901]

Well said

[@Rick-of6gx]

Yes, I believe that's why she mentioned the "4th pig" or atleast that's my take. She is meaning while yes you can still afford these inflated prices, you still feel it to a degree. Where as Dave's take seemed to suit his situation where as regardless of what gas or other items inflate to, he still wouldn't be bothered because he just makes so much money! She was trying to make it more relatable to masses. I appreciate both of their takes though.

[@calcs001]

Let them eat cake, right Dave. Being the third pig is absolutely better place to be, but those on fixed incomes will still be impacted. Inflation affects everyone, debt free or not.

[@alinatamashevich3354]

Are you 21? If not you had years to save for a rainy day.

[@pulsarlights2825]

Inflation is a regressive tax. So all the "freebies" the goverment gives out ultimately leads to inflation that hurts the people they claim to be helping.....How do you like them apples? Feel the Bern baby....

[@chrisfarmer4397]

Those like Dave who are wealthy through capital are the least affected. Those who are cash wealthy or loaded with adjustable rate debt are the ones hurt by inflation.

[@eatenvegan1565]

Wish wages would increase as quickly as inflation does.

[@RE2PECT]

Go work at target they’re paying 20$ an hour

[@eatenvegan1565]

@@RE2PECT Not enough for me.

[@fyemusicplug6486]

@@eatenvegan1565 get qualified for a higher paying job then.

[@eatenvegan1565]

@@fyemusicplug6486 I think you're missing the point of my comment.

[@VeinySausage]

@@eatenvegan1565 you’re out complaining about $20 an hour yet you’re complaining about reasonable wages lol

[@micahsweetenberg6429]

When she said I can’t fill up my truck I lost it😂😂😂

[@patriciabradford1304]

I love the element of empathy that Rachel brings!

[@korn111685]

Dave is 100% right. We got out of debt years ago. When problems arise you say, “well that sucks” and move on. You don’t panic, you don’t stress. It’s not that big of a deal and you adjust. I hope everyone gets out of debt, I’m happy in all this madness.

[@adamdejesus4017]

Even folks who have no debt might have to cancel DisneyWorld plans, depending on cash flow. But the world doesn't end, that's what's important.

[@claubit32]

Right, when your foundation is strong, you can weather unfavorable circumstances.😊

[@patricksimon8943]

First time in my adult life that these gas prices aren't freaking me out. Dave has a point. The news keeps hammering the gas prices but I don't have to make life decisions at the pump. Get debt free and live well below your means while you are getting there and when you get there.

[@vickieclark5931]

Same here. If you are in a good place financially, then the inflation won't kill you.

[@WilliamsSkilliams]

Hahaha when Dave says “you don’t have to bring that level of drama it” after literally blowing up talking about the wolf blowing down the house. Haha Classic

[@EvernhamNo9]

I have no debt, save a lot for retirement, and have a decent amount of disposable income each month. But it still pisses me off that we have people in the WH purposely lowering our standard of living and laughing at us while they do it.

[@Alexis-wh2de]

Don't forget the landlords who have raised their rents unjustifiably, also decreasing the standard of living for everyone. Or those selling their "fixer upper" homes for $200k+.

[@scarpfish]

Your politics is showing. The people in the WH didn't create this mess, and I don't see them laughing.

[@fredsanford1437]

The WH is the scapegoat. The Federal Reserve is to blame.

[@fredsanford1437]

@@Alexis-wh2de Landlords raising rents is a symptom of the problem. The problem is the federal reserve expanding the money supply.

[@christians131]

@@Alexis-wh2de you don’t think that perhaps their increased property taxes, increased cost of repairs, increased utilities cost (if they pay) could maybe just possibly have any correlation with increased rent?

[@Mahomesfan615]

It’s literally like watching me and my own dad having a discussion. When she started talking about buying a Tesla I thought for sure she was going to be disowned!

[@iBryanDBrown]

It’s true. I’m wayyy less stressed w/ all the inflation but having no debt. I couldn’t imagine having debt w/ inflation.

[@murderouskitten2577]

actually , inflation is good if you have debt

[@noodleplexium5953]

@@murderouskitten2577 True, that. Higher wages with the same monthly payments.

[@MatthewChapmanYT]

What they say below ^ if your paying £300 for a car that’s not jumped in price and would cost you £400 per month. Your £300 car note isn’t a bad debt

[@arshdeep691]

@@murderouskitten2577 but not with rising interest rates

[@ConradOMalley]

@@arshdeep691 - Interest rates only apply when you owe money.

[@ggwoman]

Plugging in a EV is more expensive too, as electric bills are going up.

[@alinatamashevich3354]

What? No free lunches?

[@cl181]

To plug in is not free either (she forgot to mention) how to get the Tesla home $ 😉 left out just by “accident”. I’ll stay with my paid off truck lol

[@curtis3688]

I only have mortgage debt and inflation is still taking a huge bite out of my budget. Literally won’t drive unless it’s for work. Doesn’t mean I’ll go bankrupt, it’s just painful and makes it harder to save money. Dave can spend $2M/month on coffee and not notice it 🤷‍♂️

[@Sheryl777]

Curtis so sounds like we should follow Dave's teachings about money if by following those same rules he is able to spend money now compared to what it used to be like for him in the past.

[@galupproperties3098]

@@Sheryl777 no lie his teachings do work. Plus I like being reminded to watch how I spend and listen to others about how they chose to spend.

[@Sheryl777]

@@galupproperties3098 Agree...we were able to get out of debt (including the house) and build up savings by listening to what Dave says about how to handle money. Also are able to help others. A lot of people may think it's just common sense to know how to handle money, but surprisingly a lot of us didn't know until we listened to Dave tell us how to do it right. Not talking about Curtis at all when I say this, but I'm honestly not sure why some people are so against Dave's teachings, since that's something that can help us. Some seem to act as if Dave is trying to hurt others simply because he has been so successful himself. But what they fail to realize is how many people (including my family) that he has also helped along the way with his teachings about money. If you lift others up, how can that be a bad thing? It can't.

[@lisarobinson6800]

Dave has changed. He come across as an elitist that believes middle class Americans " even us that are out of debt, home paid off and months of savings" are less than. Sad.

[@Sheryl777]

@@lisarobinson6800 I've never personally gotten that impression about Dave, but if you do, then I'm sorry to hear that.

[@3-dreticle826]

Dave is telling us what we should do & the mindset to have. Inflation is here to stay strap up save and stop crying. Rachel is acknowledging how the consumer feels despite the amount of income we have. It still hurts financially to over pay for lower quality & smaller quantities.

[@travelnurseadventures3225]

Yep, but it’s the plan: De-Industrialize America, De-Construct the Constitution, De-Base the Culture, De-Value the Currency and Destroy the American way of life 🤔

[@PowerNGlory]

It's easy for a person in his financial position to say things like this.

[@3-dreticle826]

@@PowerNGlory I agree but his message isn’t wrong. We can’t change it.

[@MrBrewman95]

Sucks for us young people who are still trying to let our invests grow while everyday costs continue to go up.

[@christopherrosas2738]

All it takes is planning.... when gas prices were lower, nobody ever thought of saving up money for if gas prices go up.... I actually drive for a living and I've made it a point to always keep more than I need for gas set aside so I'm not affected by such things

[@MiguelGomez-tb8ve]

I feel like our generation wants things too fast, wealth is built slowly and over time. Warren Buffett didn’t get his first billion till like 60. Our parents went through atleast two recessions and now it’s turn to live through some.

[@robedmund9948]

Stay focused on the long game, Brad. Investments will continue to go up over time. There have always been (and always will be) downturns and turmoil. But we have also always gotten through them. Stay the course.

[@LittleMopeHead]

All valid comments above. It's perseverance that gets you to the end goal. Keep at it if you are capable.

[@johnpichla9557]

Yes will all lose! Nonsense excuses!

[@keeponwishin]

I’m debt free and have an emergency fund in place and my wallet is still hurting. On the bright side, I got those tasks checked off right in the nick of time (debt free by Oct ‘21, EF est Dec ‘21), and it’s nice to have no payments and a buffer between my paycheck and pennilessness.

[@Cheezcurd]

I agree with dave! When u sacrifice, u feel the pain of budgeting it has more long term rewarding results in the end

[@RyanABC123]

Dave’s the kind of guy to be super rich and tell regular people 7.5% inflation is ok and normal. Not everyone is rich dude.

[@wuzzy87]

Exactly. He's obviously out of touch with reality.

[@winterhavenfarmlife]

7.9% but i get your point to a tee. i feel it too.

[@joycewright5386]

No we are not all rich but if we are debt free we can adjust! That is what Dave is saying.

[@RyanABC123]

@@joycewright5386 I’m debt free. Been that way for two years. It’s insulting and foolish to say because you have an emergency fund 7.9% inflation shouldn’t affect you. That’s an out of touch rich guy speaking.

[@lefthanded5473]

Let’s go Brandon

[@AngeliaGurnerpersonal]

I am working on paying off all my debts. The good thing, even with gas prices being what they are, I adjust to make sure the debts are getting paid. If that means, I cannot purchase a certain grocery item, then I do not purchase that item. It is tough, but I adjust.

[@mathisnotforthefaintofheart]

Think Aldi's

[@dawnweiss9150]

The two of you are the perfect balance in these discussions! Love it

[@dallasblues74]

I’m debt free and have an emergency fund. Yet I’m seeing the cost of living in my city exceed my income… whereas it did not used to be that way. I was modest but comfortable and able to take care of my family. Now I can no longer contribute to my retirement like I could before because I need groceries. I’m a barber. It’s taken me 17 years to build a loyal clientele. So just packing up and moving to another city isn’t feasible. It feels like I’ve done everything right and things are still slipping away.

[@amycopeland1701]

I understand Todd ..it is hard to see life spiraling out of control & don't know how bad it is going to get especially all after your hard work to build a nest egg for yourself. All I can say is stock up on necessities as much as you can like food, pet food if have pets, toilet paper,laundry detergent..this shortage of stuff & food & hard times is probably going to get more fun the next years & hang tight.

[@pagemcpherson2485]

I love the way Dave and Rachel ‘hash’ things out. I think what Rachel was trying to say is the 4th Pig is MAD, not living in fear, just MAD. I was the 4th Pig a week ago when I had to pay $4 a gallon for fuel. it’s just wrong on every level where we are as a Nation.

[@neolithic3]

Lol $4 a gallon. It's double and triple that in other countries. I mean are you being serious? It's laughable.

[@tmanwheeler8270]

@@neolithic3 your the only funny one..what a 🤡

[@blackworldtraveler3711]

@@neolithic3 I seriously paid $3.70/gal this morning. Just is what it is. Can't complain.

[@Marilu0121]

4.65 this morning

[@captivated388]

@@neolithic3 yes, $4 is a big deal. The minimum wages and average income is lower, so $4 is a lot when you’re making less than people in places with $6 gas.

[@SolidTrades]

Love how Rachel challenges Dave and speaks for us !

[@AC-vv8yx]

She lost points with the electric car comment though

[@i.amsimplyval]

I agree with Dave! My anxiety would be on 10+ if we were not debt free.

[@sharishines99]

Trust my anxiety is literally making me exhausted daily with all this going on being a single mom

[@kelg02]

I love Rachel saying “I can’t fill up my truck” and laughing at Dave. So fun!

[@jayc4715]

She needs a raise

[@mathisnotforthefaintofheart]

I laugh at anyone saying "I can't fill up my truck". 😂

[@rp338]

she made her point succinctly i was giving her a standing o

[@makingtechsense126]

Thank you Dave. Your teachings have brought financial stability to my life.

[@dlor9211]

Well now I'm just imagining Dave reading a bedtime story to the grandbabies and yelling the whole time. Good times

[@TheHoriginal]

lol 😆

[@andreathompson9605]

This deserves more likes.

[@dachicagoan8185]

I have a 2 year emergency fund and my house is paid off and still feel nervous

[@cecilall4150]

That's good, and you should be, so much uncertainty.🤔

[@ellencox8415]

Nothing is secure.

[@rodrigofernandez9055]

You are fine. Take it easy. 2008 was horrible compared to 2022 (unless we get into WWIII).

[@dachicagoan8185]

@@rodrigofernandez9055 yeah, 2008 shaped me as well as others I'm sure. I was way underwater in my mortgage, no savings, no retirement, unemployed and was in line at a food pantry. It was such a trauma for me that I went ham for the next 13 years.

[@mathisnotforthefaintofheart]

There is a solution for that: A psychiatrist!

[@alphafemale267]

The inflation is essentially a lockdown without the mandate. Doesn’t matter your socioeconomic class you feel it on some level. You are left spending money on the basics and nothing else.

[@KB-sg7tv]

Excellent point. The inflation is a lockdown without the mandate. That makes me even more mad than I already was. LOL

[@tyroneshoelaces9742]

Yes true. If you are smart.

[@mathisnotforthefaintofheart]

I don't feel like spending anything anyway. I cook myself for the most part and I know where to look for what in the grocery store. HAlf my clothes are from Goodwill. High gas prices? They were also that high in 2008. People haven't learned I guess. I drive a Camry hybrid and the things gives me 50+ mpg. So I really don't care about those gas prices. It's a dent in my budget. My neighbor with his V6 SUV isn't smiling at all. Well, then he should have known better before buying that gas guzzler for commuting. You see, there are smart people and not so smart people. Buying an SUV bc it looks cool and it is fashionable, is not smart. When I see what's on the road, there are a lof of dumb people.

[@tyroneshoelaces9742]

@@mathisnotforthefaintofheart Yeah you have some truth to what you are saying but no need to criticize people. Just worry about you and not your neighbor. Wish your neighbor good things. Remember, karma can come back to bite ya!

[@mathisnotforthefaintofheart]

@@tyroneshoelaces9742 I get your point but it irks me that people are complaining at gas prices whilst driving a gas guzzling SUV. No one forced my neighbor to buy that car to my understanding...

[@lalymaddox7945]

I agree with Dave..No panic and stress when you have emergency funds

[@robedmund9948]

Rachels poking papa bear about his truck was simply classic!! Talk about First World problems - having to go around twice to fill up the truck!! I feel your pain, Dave.

[@LJSkyistBigskyMT]

Love the dynamic between Dave and Rachel. She is the free spirit and he is the need. Rachel is just wonderful!

[@mlandrew6288]

I understand where Rachel is coming from. I'm debt-free and no mortgage but inflation still irritates me. Feels like I built up a fortress and I know the walls will hold but I'm still getting attacked.

[@nicksantillano8553]

Well said

[@SarahMc585]

yes. this.

[@angelapate328]

This was one of my favorite segments ever! 🥰🥰 generational differences. Hilarious.

[@marvina8536]

I agree with Ramsey. No debt, cash, and trust in The Lord! I had to stop watching KZbin videos everyone is scared and I started to think I wonder what people thought in 1930s’, 1980’, 2000’, & 2008. Guess things like these happen.

[@JakeInvest]

Buy the dip in ETFs

[@Sheryl777]

Marvin A Yes... I've heard Dave say many times, "Save for a rainy day, cause it's going to rain" (from time to time).

[@timstatler3214]

If you're going to look at history you should go back further. Yes, this may just be another 2008. However, this might also be another empire collapse such as Romans, Egyptians, or more recently the Dutch empire, the Soviet empire, or the British empire. The current administration seems to be driving this country swiftly into the ground.

[@marvina8536]

@@timstatler3214 yeah but I rather focus on my life then waste my energy focusing on things out of my control

[@ChrisFernaM]

@@marvina8536 I needed this thanks

[@KT-cj5gx]

Both voices are needed! Dave has a different perspective because he lived through the pain. Rachel has not had the same experience, but her reality is still stressful. I want to pay attention because my children (hopefully) will not experience extreme hard times (thanks to Dave’s program)

[@mattschmitt9924]

My CostCo pump does not switch off at $125. Ask me how I found that out recently. Thanks Brandon.

[@scarpfish]

Brandon had nothing to do with that.

[@KingdomKillaz117]

@@scarpfish Brandon had a LOT to do with that.

[@mattschmitt9924]

@@scarpfish Nothing? No sanctions on oil imports? No talk of some new colorful deal? Nothing Brandon has done could possibly make investors in oil nervous? C'mon man!

[@stephencantbewrong8250]

Going green works great until electricity is not available or has tripled in price. Great, now I HAVE to replace my car/truck with a new $90K something or other! People are already seeing electricity increasing in price.

[@ezyryder11]

Right now is an example of why we should go more green and depend on countries like Russia less for fossil fuel. If we had more solar power and nuclear power in the US, geopolitical issues wouldn’t affect electricity costs.

[@stephencantbewrong8250]

@@ezyryder11 I agree whole heartedly! I also agree with Elon Musk in that can't be done over night.

[@jennysamiley5652]

Well, that’s why we need solar panels. We don’t need to pay electricity and gas

[@kandyhoward1678]

Rachel, I get your point completely! Praise the Lord I did the Dave Ramsey plan more than a decade ago and got out of debt and I am in a better place today and better able to handle this insane economic nightmare! But I still get mad when I fill up my tank or go to the grocery store. Every day, prices are going higher and higher! I feel really bad for those who are still in debt trying to make it work.

[@bmaiceman]

Dave I'm doing this right now. Trying to get out of debt. I make not a lot of $$$ and are pretty limited on what I can do. Right now GAS PRICES ARE KILLING ME!!!! If it goes much higher In going to be in real trouble.

[@vdoggydogg3922]

@@happycook6737 pennies savings..gas I still high no matter where you go.

[@nepfain8932]

So, how is that price now?

[@expectthabest951]

I love Rachel…. She’s a REALEST…..😂😂😂

[@Sheryl777]

She did really seem to like being the 4th pig lol.

[@Fig657]

There's a fine line we should tread push to get yourselves out of debt and stock food and water away as you can. Will keep the stress and anxiety at bay.

[@charlenejohnson2187]

The thing that worries me is that my grandkids are having to go through this.

[@felixveja8154]

This is such an important point. It was always my motivation to become mortgage free

[@paccarcrap]

I get what Rachel is getting at, because even financially wealthy people complain about the cost of living.

[@jml9550]

Yes, but it does hurt as much, more like a little sting.

[@alinatamashevich3354]

Just means they keep the Mercedes for another year, no pain.

[@jml9550]

@@alinatamashevich3354 yep.

[@blackworldtraveler3711]

I don't complain about things I have no control. Just planned years ago. And have no issues now. I learned from past inflation,downturns,crashes,black swans,etc. If I ever complain it will be with giggles like Rachel.

[@jml9550]

@@blackworldtraveler3711 yep. Don’t put yourself into that position where you are not able to react.

[@J0hn.R]

Rachel is the second child right? It’s always the second that comes out special. In a good way of course!

[@kwnfit]

Subtle flex, Dave 😂 “I can’t fill up my truck”

[@casualleviathan5926]

Btw inflation is 20% instead of 7.9% if we measured it the same way as the 1970s. It’s going to get worse.

[@ewfisher89]

I don't have 4-6 months of expenses saved, but I do have 4-6 months of food so I can drastically cut back on grocery purchases and use from my stock of canned goods. As for debt, I only have my truck and am making steady progress on paying it off.

[@KattBon]

Six months of food is way better than six months of fiat currency.

[@nancyblockcolsky1387]

What happens if you’re out of debt, have an emergency fund, but you can’t adjust your budget to meet the increasing prices? The budget worked before, but there wasn’t enough room in it for this level of inflation?

[@LVGirl4]

Excellent question!!!!

[@ChachinRC]

Increase the income and/or decrease the expenses.

[@TheHoriginal]

Rice and beans and deliver pizzas…

[@jimhandler1129]

Going through it myself. You just have to be a smarter shopper, coupons, discounts..etc. I ask myself how can I reduce expenses and increase income?

[@americafirst9144]

Shop at grocery liquidators. Plan your meals around what is on sale. Ethnic stores can be good for nuts, grains, beans, spices and vegetables.

[@glennavelilla156]

Yes, and you all taught me how to do this, not my parents. Thank you 🙏🏻 Gods blessings!!

[@CubsWoo]

I feel better with no debt and $2 gas than no debt and $6 gas.

[@wuzzy87]

Exactly. Dave is a little out of touch.

[@mindfulness5475]

You can't expect go through life without bumps in the road. This will pass.

[@huntsail3727]

Rachel is reality, Dave is reality. You experience what you experice a la Rachel, but how you respond heavily depends on how well prepared you are for whatever it is you are being challenged by: prices, people, health, competion, etc. Great segment!

[@Freedomchild85]

I love how Rachel used this as an opportunity to say “GO GREEN” lol I can’t afford an electric car but the thought is nice lol

[@mgjmiller1995]

Rachel's broad sentiment was, at minimum, be greenER. And that's something I can wrap my brain around as her successful father complains about his $125 gas tank fill-up in what is a TOY truck (assuming he is talking about his Ford Raptor)

[@priscilla3211]

I was in a drug store the other day picking up scripts. I went down the baby aisle and there was a sign by the formula that you can only buy three cans due to a shortage. My heart sunk. Thanks for your advice I watch your video’s all the time.

[@SouthoftheHill]

Easy to say you can stay calm when you're a millionaire.

[@Sheryl777]

My husband and I aren't millionaires...but we are debt free and have a good emergency fund (due to having listened to Dave and followed his teachings!). I can honestly say that although no one is happy about things costing more nowadays, we are not, at least at the current time, panicking or in fear over the increase in costs. So what Dave teaches about finances has helped us tremendously! When you have more, you can also give more to help some other people too if need be, so there's that.

[@sealtechblades]

Yes! It costs more to fill up the truck! And many are switching to more fuel efficient vehicles because of that. But what about those of us that drive that big truck because it is necessary for the work we do to make a living? And before you say switch to a vehicle that doesn't burn gasoline; NOTHING has yet been developed that cover the demands that I put on my truck!! Obviously I have to charge more, but these prices are going up so much I'm afraid some of my clients won't be able to afford the necessary increases!

[@drbcrb]

Time may come that you need to consider changing employment.

[@mathisnotforthefaintofheart]

If your truck is part of your business, then isn't there a tax deduction related to the costs of operating that truck?

[@sealtechblades]

@@drbcrb I make about 3-6 times what anyone is willing to pay and my skills don't really translate into other fields. $12-15 an hour just won't cut it for a single dad!! 🤷🏼‍♂️

[@lydialukes522]

I like what Rachel was saying especially for those of us who were saving before this mess (saving for a house) and between this and a job change we aren't saving anymore and burning all of that hard earned savings is really hard to deal with when you were wanting to change gears and actually buy a house. To me that is the 4th pig that had all this great set-up like the 3rd pig but they don't have that large gap of expendable that they can eat into without going into the savings.

[@mirix1515]

Dave said the same,but Dave is right. If you had debt the anxiety will be 100x higher

[@georgeperez4770]

I love the fact the about a month an half ago the news outlets were talking about everyone is going to be going out on vacation because the pandemic was at a end. But now with gas prices going up in prices I believe everyone is going to stay home. We have a emergency fund for about a years worth of expenses. Just the other day I filled up my truck and it was like $122 and I was ok with that because my truck makes me money that's how I run my business.

[@mmoye8640]

We're not stressed at all. It helps that we job is still remote but seeing $68 to fill up tank was quite a shock!!! Also not being able to find one particular type of shampoo for several months is nuts! We just move to use another shampoo. Not a huge deal. Really wish we had at least one electric car about right now🙂 I'm cheap don't like spending any money!

[@pyrodoodguy]

Inflation is not the wolf huffing and puffing and giving up when he can't blow down the brick house, inflation is the flood waters rising; the houses in 'Atlantis' are all under water whether they be straw, stick, or brick.

[@SeanzGarage]

Dave is so much nicer when his daughter is present lolol.

[@grethen123]

Love how Dave and his daughter joke around each other! "God, this is going downhill fast..."

[@reneeemigree9004]

Don’t understand how living on a budget solely, resolves inflation. Now, investments, stocks, commodities resolve some of these things. Agree, budget, though.

[@thunderspence8183]

Do you not care where your money goes?

[@reneeemigree9004]

@@thunderspence8183 In these legacy countries, controlled. Not free. Legacies are the countries creating chaos, ‘playing intently the inflation game’, we call them the ‘big boy countries’, exaggerated in their own minds, to a high degree….. in these eschatological end times, prophetic times, where now, they’re ‘throwing everyone under the bus’. Amer., UK, Western Europe, and all of the English Speaking countries. If they only knew the prophecies, which are beginning, they wouldn’t believe it…..of what will be taking place in their respective countries. (God is not pleased and his recompense is arriving) One must have their domain settled, off grid, and really, no need for grand excesses of monies laying around. It’s time, basically, to head for the hills, while the book of Revelation is about to play out.

[@aznfootballplayer]

But what if the price of rice and beans and beans and rice go too?!

[@SaddleSC]

Can we just have Rachel as the full-time co-host and simplify things a bit? She is so funny and softens Dave (just a bit) so he still gets his point across but she provides a very useful and welcome counter-balance. LOVE these episodes!

[@thesmartbudgetchannel2940]

she has her own show on youtube. check it out

[@seventhchild7270]

I understand exactly what Dave is saying!.......I live a simple, nice, downsized, debt free, healthy, spirtual, life!.....BUT when you have an emergency fund, debt free, and things are increasing rapidly and continuously....YOU do become concerned, frustrated, a bit anxious.... BUT the level of frustration, fear, anxiety is at a very different low level of someone NOT prepared, being in DEBT, not sleeping, highly anxious, can't cope, etc...

[@conniebennett3378]

Love this Daughter/ Father views. Smiled all the way through this show.