Inflation Continues to Skyrocket: Should You Start to Worry?

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[@TheRamseyShow]

Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/3g11A2V

[@zipsidian]

Good ol Dave: Tuba 4’s

[@alexisjankowski3281]

I was trying to figure out your comment. Now I get it.

[@agathachris9722]

Lol

[@johnathonlivingston7573]

Lol

[@BackToOrthodoxy]

Hahah read your comment before watching the video and once I heard it I laughed

[@athbhreith7391]

I’ve been screamin “whhhhhhyyyyyyy?!?” And “Tuba4’s” all day

[@firefightera2239]

Regular inflation is not what people are worried about. The real concern is hyper inflation.

[@christiancoats1]

What's regular?

[@herbiehusker1889]

Hyperinflation is already here.

[@drydenpierce3511]

Thankfully that's not a realistic concern in the US

[@herbiehusker1889]

@@drydenpierce3511 keep your head in the sand.

[@tugboat2030]

@@christiancoats1 And what's hyper?

[@MegaFikes]

You can't print trillions (with a T) of dollars out of thin air and not expect massive inflation. I'm not saying we all need to panic, but I think Dave is definitely underreacting to this.

[@andrew8168]

Hes part of the power structure, controlled opposition media, so of course he is.

[@mroctober3583]

He's gonna be alright...he's protecting his assets keeping the sheep in line

[@ACDC4LIFE]

only 3.5 more years of JOE POTATO. 🥔

[@Tttb95]

You can actually. Look at Japan.

[@Lumpia_In_Texas]

My 401k took a huge poop :(

[@om617yota8]

I agree with about 90% of what Dave says. This is part of the 10%. Buckle up folks, it's going to get rough.

[@WISHBONEL7]

@Kelly Smith explain

[@WISHBONEL7]

explain ?

[@willowtree5267]

Boom! And here we are...

[@billsmith1962]

@@willowtree5267 lol, yup

[@youtuber6185]

You mean due to inflation or the collapse that normally comes afterwards

[@Twestrup2]

Hate when Home Depot runs out of Tuba Fours

[@adamwalker2377]

Gotta settle for a tube three Downsizing

[@agathachris9722]

Lol

[@madisonandthespirits]

🤣🤣🤣

[@Elizabeth-mt6bb]

Haha

[@Lianne459]

Except lumber already went down 30% and still going down as the sawmills catch up.

[@MillionaireMindsetClub]

"Media exists to freak you out" can't agree with you more.

[@ACDC4LIFE]

Simple Fix pull the Plug. 🔌

[@dedalliance1]

@@ACDC4LIFE Yeah, ignorance is bliss.

[@TuyetNguyen-pp2ew]

@@dedalliance1 maybe not ignorance but doing their own research. Not listening or watching media does not mean ignorance.

[@mercuryrising2424]

Yes, whatever the mainstream media tells you, believe the opposite!

[@wanefelicia8779]

Media on youtube esp 😄✔👀

[@ChrisOBaby]

"Media exists to freak you out" well said.. PERIOD

[@loganpedroza7493]

All the money printing that has occurred over the past year is really bad policy too.

[@renangel]

In a vacuum, yes. However, as the whole world has had to do that, it evens the playing field. So not too much of a worry.

[@loganpedroza7493]

@@renangel That's simply not true...

[@rashdaniel6693]

@@renangel "had to do that"...... When 2.5% inflation in one month is dismissed as "not too much to worry about" you may be a human sheep.

[@RetrieverTrainingAlone]

Inflation is not exclusively a problem in the United States. Canada's inflation rate is at an 18-year high.... Euro inflation is at an all-time high...

[@Funwithnine]

I have never seen a manufacturer raise the size of a product, nor decrease their price once raised. As a large family we have always been the canary in the mines. Prices are skyrocketing weekly.

[@dexterm1285]

I have...once some of these companys see sales drop they will likely start lowering cost to increase sales.

[@JesusisKing03]

@@dexterm1285 the problem is that for instance food is a necessity therefore people will continue to buy no matter the price.

[@dexterm1285]

@@JesusisKing03 Food will be more interesting as some not all items are required. I think truck driver shortages had a hand in some of that.

[@JesusisKing03]

@@dexterm1285 absolutely; the fact that truck drivers were scarce and also the factory workers. I hate that all this money is being printed and handed out like gum and people are so happy with it that they don't see the problem we will face for many years to come due to it.

[@dexterm1285]

@@JesusisKing03 Agree it was ridiculous how it was handled.

[@caseyflinn9234]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson

[@privatename3447]

This is now

[@kevgret]

"people need to relax a little bit" and what? Just pay 20% more for everything over the next year? and my paycheck is going down, not up?

[@jdkayak7868]

Most of the grocery prices will go down within the next year, this is due to shortages and not permanent inflation because the profit margins are very low in grocery unless your walmart.

[@zacharyduncan854]

@Bart Jenkins We did see the price of housing go down in the 2008 crisis... and I imagine something similar will happen in the impending crisis. But that, of course, is not a good thing for average American homeowners.

[@carstuff4u942]

Yup.

[@fredsanford1437]

@@zacharyduncan854 Yeah housing went down in 2008 and made new highs a couple years later

[@zacharyduncan854]

@@fredsanford1437 Thats very true

[@mistab997]

So what I got from this is “24-25 year olds don’t understand inflation.” It’s really pretty simple. Money printer go BRRR!

[@wread1982]

That’s why the price of wood went up, to make more dolla dolla bills yalllll

[@christianpearson170]

@@wread1982money is not paper

[@tleonard8472]

people can see and feel what the real inflation is, forget the manipulated CPI calculation. sad thing is it hasn't even started yet

[@coreyjbeats1357]

Someone who only eats wood: “Tubivore”

[@neheboi1012]

😂😂😂

[@dderr1356]

😂😂😂😂

[@QuedemasBibleAndBudgets]

🤣🤣🤣🤣👏👏👏👏👏

[@MrKijana23]

😂😂😂😂😂😂😂😂😂😂

[@nicole4779]

Took me a minute to get it...but then I chucked 😂😂😂😂

[@markrevis2667]

Dave - the pending inflation is nothing to downplay

[@andrews2438]

Imo most of the media is downplaying it.

[@gwontez2505]

Dave is too rich to feel the inflation

[@pwells10]

be like Dave

[@kyleinpa5285]

Dave admits that he owns $300 million worth of real estate so he will benefit greatly from inflation with his rents and home values skyrocket.

[@chefgromano5025]

Inflation is the devaluing of money. You don’t get rich from inflation you just have more worthless dollars. You can’t go out and buy more.

[@chefgromano5025]

@@Jorgeldaz hyper inflation punishes everyone except the ultra elite

[@justinacase2623]

@@chefgromano5025 Do they ever suffer unless their personal jet hits a mountain?

[@justinacase2623]

If one is in debt and struggling to make ends meet, gonna be a rough road. Those who have followed Dave, are able to weather this storm. Dave haters are gonna cry and moan always.

[@mannyjeanpierre4062]

hyperinflation benefits no one!!!! Whose gonna be able to afford anything 10x what its worth. All money is worthless in that case which hurts everyone. Dave wouldn't benefit at all. Stop the lies

[@TrevForPresident]

When has cost ever gone down on anything other than maybe commodities? The issue is that the inflation is high, it goes in one direction and it's compounding.

[@mariarivas8601]

Soooo he actually didn't give him a solution with what to do with his money.

[@FlowLai]

He told him that his emergency fund isn't meant for investing. They gave the perfect answer.

[@barringtonlittle1903]

I thought it was just me Lol

[@dustyacres]

He did, not to worry so much about inflation. The gentleman on the phone sounds like he is doing just fine

[@alexander15551]

Buy assets that produce cash flow. If there’s inflation, McDonald’s increases their Big Mac price, Apple raises their iphone prices, Tesla raises car prices, etc... money comes back to you if you own assets

[@truegrizzlesfan2292]

@@alexander15551 exactly

[@miriamstrauss]

*Anyone else love the way he says "two-by-fours"?!*

[@concernedliberal4453]

"tubafors"

[@Johnnyreengo]

toobafors

[@brandonmcmillan9641]

Oh that's what he saying lol. I was so confused

[@jarrettcarpenter]

Dave may look back at this section and cringe. Purchasing power being lost in the short term is separate than the debasement of the US dollar due to the overprinting of fiat USD. Hyper inflation is what we’re worried about.

[@raphaelvanlang92]

Yup

[@JohnsonPortWorx]

I don’t believe there are shortages I work in lumber and nothing was changed but the prices

[@Sideler74]

There is plenty of lumber. There is a shortage of driver to get the lumber out of the yard.

[@JohnsonPortWorx]

@@Sideler74 I still call bs. At least where I am

[@michaelweyenberg6238]

No shortage, just too much cheap money.

[@Telecasterfan]

Sure. Just supply and demand. Let's forget about the 30 trillion of global money supply they created in the past year.

[@John-vj6ss]

And no mention of BlackRock buying up all of the real estate at 40,50, even $100k over asking.

[@cannafarmer]

Grab hard assets asap don't hold cash guys. Be safe this country is getting insane

[@SIGSEGV1337]

Diversify, you still need some cash but make sure you don't have too much

[@chrisitzsimple4649]

What kind of hard assets???

[@reesercliff]

@@chrisitzsimple4649 retro video games, sega saturn and super nintendo

[@joshuabailey402]

Dave ramsey is so bullish that he probably hates the color red.

[@1timothydillon]

If the federal reserve says it's only transitory, it's time to be worried. Creating a million dollars a second isn't anything to be concerned over? I'll take being paranoid and ready, over being blissfully unaware and caught completely off guard. Hope for the best, prepare for the worst.

[@V.Hansen.]

Mkay. But what exactly does one do about being prepared for increased inflation?

[@baxakk7374]

@@V.Hansen. freak out and leave a comment about it on KZbin lol

[@awanderingmonk828]

@@V.Hansen. Guns!!! Amigo! He means guns. Ain’t nobody taking his stuff or his freedom.

[@Taqtik1992]

“Tubafors” lol 😂

[@generalstack6540]

Dave Ramsey is sooo 2019… his world is about to get rocked

[@DogSoldier1948]

The key to saving money is don't spend more than you make.

[@user-gj4ee9xz2u]

You know Dave is getting serious when he starts saying the b word 😂

[@gabrielrobles4087]

i heard it and rewinded because i was like wait a minute he really just say that?!?!?

[@mattcollins4550]

Probably going senile and forgetting where he is at... if he keeps talking like that he is liable to get taken off the air on all of the Christian stations that carry him

[@neheboi1012]

@@mattcollins4550 “senile”😂😂😂 omg

[@timmullen9853]

I've noticed his general language and tone have gotten increasingly more surly over the years.

[@bobderpenstein6117]

Why doesn't Dave talk about the Federal Reserve's fiat trash dollar printers go burrrrrrrrrrr?

[@chrisitzsimple4649]

BecUse he’s a gatekeeper

[@rustyshackleford2719]

Because Dave doesn't understand the monetary system. It's absolutely dangerous to think that the system will remain benevolent. Dave doesn't realize we've had bad economic policy for 20 years. The way he discredits inflation and possible hyperinflation is just laughable.

[@anthonyurbina5768]

This didn't age well

[@Theiliteritesbian]

That other guy swallowed HARD when he said to not protect 2/3rds of that guy's money.

[@zacharyduncan854]

A little surprised to see Dave in the "Inflation is transitory" camp.

[@BeerWagoon]

He COULD be right but I don't think they are taking into account the current terrible monetary policy.

[@ddavis8988]

Why?

[@jerry4607]

I agree, when you see the quantity of money increase in a single year by 26% and believe inflation is just transitory I see that as a concern.

[@noahoyeah]

Basically... we are fu....

[@itachir8290]

Dave is smart but he is lacking is the economic philosophy category. This could be told a long time ago based on his negativity towards Ron Paul and precious metals.

[@radlock1721]

We increased our 2x4 in my mill. We took on a whole Nother shift during this pandemic.

[@Furyyuriy]

Uneducated economist keeps talking about this. Lumber mills are taking advantage of scarcity and demand.

[@2hrsToChooseThis]

@@Furyyuriy Is that what he was getting at when talking about the massive stock piles of treated lumber at the mills? I haven’t been keeping up.

[@Tttb95]

@@Furyyuriy Lol suppliers are willing to supply more at higher prices? What a shocker. Econ 101

[@702prodigy]

save that income lol

[@kisong1960]

We were going to increase our 2x4s supply as well but we got "tubas" by mistake listening to Dave

[@ryancastellino4761]

I love Dave but I'm getting closer to tuning successful boomers out. They've had it too good for too long, and it is nearly impossible for them to see what is happening to others, even if it is right under their nose.

[@boomersooner2075]

Hi Ryan, I’m a Boomer and I will tell you, you are 100% correct. Dave R. Has some great strategies to build wealth but it’s his way. There are other methods that are safe and much quicker. I suggest you sift through what Dave says and pick and choose the good strategies and mix the rest.

[@huckleberryfinn8795]

@PoopCoin Patrick 🤣🤣🤣

[@dunnenrb]

a shortage of tubafours

[@commonman711]

LoL

[@fredsanford1437]

Yeah Dave. Doubling the money supply isn’t a factor 🤦‍♂️

[@geckster109]

Depends on where that money is going. Are you getting more money? Are your friends/relatives getting more?

[@fredsanford1437]

@@geckster109 No. (Minus govt payments) The average income is down.

[@geckster109]

@@fredsanford1437 So if the consumers (you, me, our friends, the folks across the street) are not increasing OUR money supply, why do you think massive inflation is coming? Driven by whom?

[@fredsanford1437]

@@geckster109 Inflation = increase in money supply. (100% central bank driven) The effects of this increased money supply can be seen in elevated asset prices, the PPI or in CPI data (today only a rise in CPI is now incorrectly called “inflation”)

[@geckster109]

@@fredsanford1437 Frankly, im embarrassed to even have to explain this to you!

[@tomsawyer4857]

He just said inflation won't go backwards /drop by 50%, this means all the inflation we're getting now is permanent, so what does that mean to your cash?

[@johnhash87]

It cuts the value of the dollar. So your savings will actually be worth less.

[@DavidEVogel]

Agree. Ok so inflation is 5%/year. Or it is 20%/year. So what. The question is "How are you going to protect your money from inflation?"

[@Tristan14578]

Hes right. It's why I don't watch the media channels like CNN, Fox news or MSNBC. I just watch local news to get the weather and find out whats going on in town on the weekends and read some papers

[@michaelhimes8778]

Dave is great for putting a fire under you to get out of debt, but he seems to be a one-trick pony regarding investing.

[@altenberg-greifenstein]

@Legend Of jackben Why buy a book or pay for classes when you can get so much info for free?

[@altenberg-greifenstein]

Like everyone giving advice. It is always the same, comparable to a pyramide scheme and because they are already in, they need more people to come in so they can make profit instead of losing their money.

[@wtDrake]

Remember a few weeks ago when Dave denied inflation?

[@jindodogg]

Here's a more typical Dave response... Caller: I'm afraid of inflation Dave: There's nothing wrong living on beans and rice!

[@jimcole6423]

And farting.

[@fraydnot]

@@jimcole6423 Natural gas to heat the house

[@dang328]

8:03 if the CPI was measured now like it was measured during the Jimmy Carter years, were eerily close Dave

[@shawnmartin1306]

But usually when we have inflation the prices stay up after it stops. Printing 7t while the country brings in 2.5t is inflation. Expanding the money supply so we lose value is an inflation tax. I really hope Dave is smart enough to realize inflation is not transitory.

[@Tttb95]

Explain Japan then. Look at their monetary policy. Its levels above the US/EU, yet theyve had almost no inflation since the 90s. Economics is not a simple "science" theres billions of moving parts.

[@shawnmartin1306]

@@Tttb95 what I am saying is that once the prices raise due to inflation they usually do not go back down in the US. Great example inflation in the 70s. Yes it finally stopped but cars, houses, commodities never returned to pre inflation prices. I know of a few other economies around the world that I could cite here. Singapore is a great example of how things should be run. However we are discussing the US. Look back in our countries history at inflation. The numbers dont just go back down. It eventually stops but what is going on now is going to have effects that wont be seen for 5-10 years. This is only the beginning. I am hedged against it pretty well because I have seen this coming for years. It is going to be people without assets that get destroyed.

[@treyxhouston]

@@shawnmartin1306 💯

[@fkillah]

@@Tttb95 okay, then let’s look at Germany, Syria, Korea, Argentina and so forth…we live in the US, your point is pointless

[@designhub360customapparel]

Right

[@adamwing3973]

Dave Ramsey: “stop taking financial advice from the internet” Also Dave Ramsey: gives financial advice on the internet for a living

[@Meanace208]

I've seen this exact same comment on multiple DR videos. It's equally relevant every time.

[@adamwing3973]

@@Meanace208 he has been very hypocritical lately. Probably since most of these issues no longer affect him up in his mansion with hundreds of millions of dollars.

[@michelleh4717]

well he does it on the radio :p

[@WallOrange]

infaltion is a real problem for many, many working people. dave laughing away this dudes concerns as media spin is unimpressive.

[@jessicah3450]

There's homeless tents popping up in the affluent suburbs. That stuff used to stay in the city. Most of us aren't worth hundreds of millions of dollars. Wages have not gone up here, but the prices have gone up anyway, which is always their excuse of why they can't raise wages. How long do they expect average working people to afford things? We are seeing how minimalist and thrifty we can be, and always trying to spend less.

[@freedomworks3976]

What is your solution to this problem you see ?

[@tommygunrunner4656]

@@freedomworks3976 I'd say getting back to America first policies. For example, we were energy independent just a few months ago and then something happened that changed all of that. When one party is openly anti American, there's not much else to say. Hopefully Virginia is a sign of things to come.

[@freedomworks3976]

@@tommygunrunner4656 let's go Brandon

[@devon1994barnes]

Never heard him say bitchin before 🤣🤣🤣

[@jwb4bb]

Food, energy and housing are not included in the CPI calculation. Relying on the CPI as a metric is foolish.

[@baxakk7374]

They are not included because they are too volatile. It would be even more foolish to include them and rely on that number lol

[@krillansavillan]

@@baxakk7374 Those are the biggest three expenses in a person's budget, yet they are not included in CPI???

[@benjaminw309]

@@baxakk7374 then you have a CPI that is meaningless. If reality is volatile, what worth is a metric that doesn’t represent it?

[@fredsanford1437]

“Short term inflationary spike” That is only dependent on the money supply going down. It won’t.

[@tylerminix2028]

No it's not. Velocity has been falling for the better part of 20 years. We face cyclical deflation. Nothing else.

[@fredsanford1437]

@@tylerminix2028 Velocity is calculated M1 by GDP. Considering M1 growth is dwarfing GDP then of course velocity will appear to be falling. The velocity calculation is pure trash and you should never reference that again 😘

[@RetrieverTrainingAlone]

Inflation is not exclusively a problem in the United States. Canada's inflation rate is at an 18-year high.... Euro inflation is at an all-time high...

[@jusplay7309]

I wonder what dave was telling everyone back in 07?

[@MrMistama]

My guess would be the same exact things he was saying in this video.

[@evanmoorman3828]

@@MrMistama which would have been correct considering inflation was never an issue during or after the financial crash.

[@ayela562]

Dave as a public financial figure is trying to not incite panic, nothing more , nothing less. If he starts talking about hyperinflation people would freak out. It doesn’t mean it’s not happening.

[@CJ-re7bx]

What makes you think hyperinflation is happening? The prices I'm seeing by me aren't even higher than they were pre-pandemic... I really don't understand why people keep talking about hyperinflation.

[@baxakk7374]

What will they do if they freak out really? Nothing. After a month, it will become an old news and people will go back to normal as usual. Or another boogeyman will be created.

[@CJ-re7bx]

@Kevin Tewey who is a biased source?

[@CJ-re7bx]

@Kevin Tewey what does that have to do with my original argument?

[@fkillah]

Point is once supply can catch up with demand the prices will drop only marginally. Once things go up in price very rarely will they go down

[@joesillamanrs7189]

Tooba-fours. Uncle Dave dropping the Anchorman reference!

[@richardm5540]

Dave isn’t worried ! He doing just fine.

[@simply3141592654]

Dave doesn't understand what the Federal Reserve is doing.

[@rashdaniel6693]

He doesn't even make an attempt. Mutual funds and no debt is his entire show. Anything beyond that and his brain malfunctions.

[@jamalnasir5648]

@@rashdaniel6693 He says buy a car with cash. The counter to that is that if you get a low interest rate car loan (something like 2-3%), you may make more money investing the cash than getting the car without a loan

[@tydal6516]

@@jamalnasir5648 Key word "may". It's a guaranteed return vs a possible return.

[@vicwiseman6038]

LOl, what Dave doesn’t mention is that back then a home cost $15k. Who cares if the rate was 17%?!

[@geckster109]

Are you really that stupid???

[@amangrayfilms1538]

The question that arises from depths of the internal dialogue is obvious. What if inflation is long term? Dismissing that question isn't an answer.

[@mattpkp]

Then Dave would have to eat crow on his precious metal stance and we know that won't happen lol.

[@Jeff-hn8iy]

The fact that everyone is freaking out about hyperinflation reassures me that hyperinflation is DEFINITELY not happening.

[@thomasorchard]

Replace "hyperinflation" with "coronavirus" and that statement is equally valid also!

[@sawyerrice3244]

Not hyperinflation, just regular extremely high inflation 😉

[@logancook4538]

Oscar Wilde~ a man who does not think for himself does not think at all.

[@thekingofthisworld2154]

Caller: We are worried about inflation. We’ve got three kids. Dave: Sell the kids.

[@Zarfilms2007]

Scotty Kilmer joins the chat: Sell the kids buy a used 1994 Toyota Celica!

[@ShewedDude]

😂

[@Nesha14boo]

lol !!! Im late but you aint lien

[@ThePeterDislikeShow]

I was just looking at my favorite summer vacation destination. What used to be the hotel rate after taxes is now the before tax number. Almost exactly!

[@aznsumthing]

They weren’t making FREAKING TUBAPHORES! LOL

[@mikespain8655]

Inflation will slow down, however, going back down to the historic 4.2% is where I don't agree. Prices on many items will just cost more from now on.

[@DowlWatcher]

"Some of these corporations have no soul" *encourages you to invest in said corporations*.

[@i4nic256]

This is not his area of expertise. Seek advice elsewhere. Historically speaking, this is uncharted territory where no “expert” has an answer, just speculation. Hedge for SHTF and hope for better outcome.

[@Behemoth66]

Lol uncharted territory? You have zero clue about what you’re taking about you clown

[@allardzack]

@@Behemoth66 I think what he’s saying is we have never had this much money printed before it the history of this country, so no one has anything to go off of. We will see

[@cooleobrad]

@@allardzack "so no one has anything to go off of." Except for 244 years of our country's history filled with wars, the great depression, and the great recession -- none of which caused hyperinflation and our country was in *much worse* shape during those events. Also hundreds of years of economic understanding and examples.

[@thaihm]

I love this topic, thanks for the discussion. A lot of folks are talking about this. 👍🏽🙏🏼❤️

[@randy944]

the lumber companies are sitting on inventory and inflating the prices.

[@alphamegaradio]

Hyper-inflation is what people need to keep an eye out for

[@alexralston22]

It's here now

[@Moue666]

Tubafors.

[@salukispeed93]

Tuba fours lolol. Another great video!

[@kewlbug]

This guy's asking for advice to protect himself, and their answer is "just wait and see what happens". Prices are up from supply and demand yeah, duh, that's not the inflation we're talking about. You don't need to watch the news to see what's coming.

[@mctransportation9831]

Right. There's no way new trillions can be pumped in and not cause inflation.

[@melevan15]

I recall Dave saying something similar to this in the summer of 2008..

[@Icysoles60]

Reading the comments prior to watching the video made this so much more entertaining. Im here wondering why everyone keeps mentioning tuba-fours haha

[@JA-zh5xi]

Inflation is a big problem. The dollar has lost 95% of its value since 1914. Real inflation is closer to 10% right now.

[@DavidEVogel]

Ok so inflation is 5%/year. Or it is 20%/year. So what. The question is "How are you going to protect your money from inflation?"

[@williamfitzhugh8332]

Funny how when Dave says something everyone doesn't agree with they claim to know more than him..

[@grandmastergyorogyoro532]

The New intro music is soft on ears. Pleasant to hear.

[@GYX2021]

I’m trying to paint my two bedroom condo and the estimate I got is over $4000 dollars. Everything is getting more expensive.

[@Elizabeth-mt6bb]

Wow it takes time but I'd paint it myself and save the thousands

[@Jaxmusicgal23]

This is why I paint myself. It’s been trust expensive for a looong time. The more you can learn to do yourself the more money you can save.

[@mrpiceno]

I love how straight forward he is to people that have all these misconceptions from what they hear from a “friend” or TV

[@timcurrent737]

I am a big Dave fan however I would hope he reads these comments for more perspective on what the natives think in my view inflation is alive and well and her to stay smh stay tuned

[@bereanwatchmen6302]

GREED! always moves ahead or up never retreats or down.

[@susanarsoniadou3588]

Inflation is a huge issue in the long run.For example an apartment may have cost 15 thousand in the 90s. Thirty years later they went for ten times that

[@jamalnasir5648]

thats not always inflation though. Supply and demand also has a lot to do with it

[@yearlymandonothack]

I love the New Dave Ramsey! Tell it like it is bro!😊

[@LoriFoster]

This guy wins the longest pause between questions award.

[@jayintn71]

No, because there’s nothing you can do.

[@habanerofg2]

Same thing my dad says, we’re just along for the ride.

[@BeerWagoon]

This is not true. All options may not be good but there are certainly better options than others. For example, leaving money in a checking account is FAR worse to combat inflation than investing that money is solid companies or mutual funds.

[@exxxxoskeleton]

False. Take out as much manageable debt as possible before inflation hits

[@BeerWagoon]

@@exxxxoskeleton that is quite the gamble.

[@noblelies]

What's missing from Dave's equation is all of the demand created from stimulus check after stimulus check and $600/week on top of unemployment that pays more than going to work.

[@johnd4348]

Stimulus checkes did not cause any demand. or inflation. What is causing inflation is corporate greed .Every one sees someone rise prices then they rise theirs to just because they can.

[@noblelies]

@@johnd4348 I agree. Corporate greed closed the Keystone XL pipeline. Corporate greed led to Uranium One. Corporate greed led to trillion-dollar bailouts while Mom and Pops were offered $600 as a concession prize.

[@altenberg-greifenstein]

Not having anything decent going on about them but giving people so much free money! I envy Americans! ... No, I don't.

[@MsLucky443]

Thanks for explaining. There are many fear mongers around.

[@miriamstrauss]

*Ramsey puts this so clearly and succinctly! Love it!*

[@kirkharris5383]

F•o•r~ p•r•o•f•i•t•a•b•l•e~ i•n•v•e•s•t•m•e•s•t.. ~W•h•a•t•s•A•p•p ~. +

[@rwieging]

Wow Dave, your head is in the sand. Keep in mind folks, listen to other finance and banking pro’s who have been in the industry for a lifetime and understand FIAT CURRENCY. Dave is misspeaking horribly on this topic.

[@prprchrome3003]

Dave and his little friend don’t want to face reality! 🤔

[@andrescott1883]

Thanks Dave!

[@TheElevateYourselfPodcast]

All I can think about reading these comments is Will Ferrel in Old Skool “WE’VE GOTTA KEEP! OUR! COMPOSURE!” Everyone just callllmmmmm down we will be okay.

[@AJearth]

I'll take a gander and say that was the plan, produce less tuba 4s and everything else. Drive up prices. Is it a wonder that Colonial Pipeline was "hacked"?

[@EvernhamNo9]

We’ve had bad monetary policy for a decade plus this time as well Dave. ZIRP/QE since the financial crisis

[@jessicah3782]

Love your wisdom, Dave

[@AZrakoon]

Mainstream media is as credible as the scammers calling you who want extend your car's warranty.

[@John3.36]

"Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also." - Matthew 6:19-20 KJV WE CANNOT TAKE IT WITH US.

[@KTSpeedruns]

Inflation has still happened even with stagnant wages resulting in awful buying power for the poor. Don’t ever let anyone tell you that rising wages is what causes inflation.

[@NikolaiCherepanov]

Let’s think about this logically, while that is not a sole cause of inflation it does cause part of it. You increase the means of production and then you increase the price of a good or service to the end consumer. So raising wages doesn’t help and it hardly balances the scale.

[@juniperbrooke3883]

It does contribute. Increased wages will always affect the bottom line so it has to be factored in and passed onto the consumer. Economics101...

[@blackworldtraveler3711]

I’ve been saving and investing for years even before the months of living in my van and one of the reasons was inflation. Never cared how,when,or why. All I know is I’m prepared.

[@NikolaiCherepanov]

@@juniperbrooke3883 You can clearly see who didn't pass civics and economics in school

[@altenberg-greifenstein]

That is just the excuse of greedy companies.

[@annemouse6788]

I work in the lumber industry, we have worked 48 hours a week at least every other week for more than a year. I make finish goods I can't imagine what the issue with framing is...