Do These 5 Things To Win With Money

[@evelynsaungikar3553]

Yup! Am doing. Retired at 55. Volunteering with causes that feed my passion, and doing adventure travel.

[@babyprince84uk]

How do you compare your life before and after the age of 55?

[@stampmaker9384]

hope you have calculated cost of living for next 10-20 or more years

[@jagcapper5788]

130* years assuming he cares about his family ​@@stampmaker9384

[@halfbakedproductions7887]

I would like to retire by my early-mid 60s. I'm one of those people who won't truly enjoy any job he ever has and just wants to steady the ship and escape that rat race as soon as feasible. My lifestyle is comfortable but not ridiculous. I'm not interested in going on holiday 83 times a year and don't particularly enjoy travel, so that's a huge saving. I'm happy to have decent pre-owned cars, another huge saving.

[@roberthannaford9051]

This is the dream. Happy for you 👏👏👏

[@hlwanmoe1981]

I followed his way for 4 years since I migrated to US. I already have enough saving to buy a house. I’m just waiting for the right time to get better deal. I have decent amount of stocks in my portfolio. Beside rent, I spent only 6% of my income, I kept my discipline very strict. I killed my temptation. I only bought what I need. No Gucci or no restaurant or no northface. I’m still using my dickie jacket for 4 winter. Still using my Corolla which never gave me a single issue for 3 years. Ramsey advice is very effective. I thank him for changing my life. Cheers.

[@Hybeekay99]

Impressive! Doing this now also

[@KenKaniff-dw4jw]

Thank that Corolla. Having a reliable car is key to saving. I myself have 2 of them. 1 is a 2000 corolla I bought 8 years ago for 2k. Still running.

[@marth._.]

Good going. But what opportunity are you waiting for exactly? E.g. Trends as are now it's doubtful houseprices will drop significantly anytime soon and only rise. Or are you looking for something else?

[@hlwanmoe1981]

@ at this point, I’ll just wait for the market. I maybe wrong but seems something is going to change big time.

[@marth._.]

@@hlwanmoe1981 I don't know your situation but I suggest reconsider. Prices still rise (though slower and more controlled). Crash from the bubble in 2008 only dropped prices by 15%. Demand now is very high. People are not that willing to sell their homes, certainly not at discount. If something happens where and how will it happen? So many people that follow their feeling are plain wrong. Not that you are, but your own sake: You gotta backup your gut feeling with facts and reasoning.

[@RipYourRoll]

When you can afford it, gift giving to friends or family really does bring you joy and not stress.

[@bevanbuckwheatshea5520]

Yes.

[@ceothesheriffshow]

That’s for those who are not worried about income and are well off

[@daveulrich4623]

@@ceothesheriffshow Literally what he just said

[@mikelee3807]

Let your friends and family learn on their own. You owe them jack squat!

[@etchediniron4249]

He is not wrong. I listened to Dave Ramsey, read his book, followed the steps, and now work part time because I really enjoy what I do. What’s great is it took me 15 years to get here, but now I have just as much time as I do financial freedom. It’s a wonderful place to be. The crazy thing, do this and you’ll learn more about yourself than you thought you would. Thank you Dave Ramsey!

[@debbiekaren7058]

Good to hear!!

[@michaelcalles1124]

I hope to be where you are, working on it one step at a time.

[@etchediniron4249]

@@michaelcalles1124 keep grinding and you’ll be there before your know it! You got this!

[@NazishAly]

Which book?

[@NicholasBall130]

It is advisable to save at least 15% of your income in a 401(k). Online calculators can help you estimate the appropriate savings amount based on your age and income. By saving at least 15% of your income in a 401(k), you can work towards a comfortable retirement. This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time.

[@cowell621]

People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@JamesLongman-v5r]

I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@LiaStrings]

Mind if I ask you to recommend this particular coach you using their service?

[@JamesLongman-v5r]

Finding financial advisors like Sonya lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@grego6278]

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

[@dsimondublin]

Live below your means is key, nothing else matters.

[@AB-ve1yv]

Totally ignores the other four 😂

[@ctrl_alt_del100]

That an don’t go into debt have done me well I got a nice car paid for in cash and a house I’ve never had a mortgage on work and stack that cheddar

[@deadmeatjb]

It so easy and no one does it

[@dsimondublin]

@ctrl_alt_del100 yep, own 3 houses small business, and make 6 figure at my other job. Stack that money up! All vehicles paid for and I own 6 of them and under 40

[@king77solomon30]

@@dsimondublin Good job 👍 I use to laugh at old people because they were so cheap and they worked all the time. Sure enough. Now I can see why. It’s called wealth building!!!

[@akingold2467]

1. Have a budget 2. Do not be in debt 3. Live on less than you make 4. Save 5. Be generous

[@tougeruzbay]

Not just save, also invest....alot

[@tajuanalawson8219]

​@@tougeruzbay He didn't say that

[@tougeruzbay]

​@tajuanalawson8219 I know that, he should've said that

[@tajuanalawson8219]

@@tougeruzbay Then if he did ..he would have to them say ...in what....and if they don't have .. they definitely don't have it to lose.

[@johnroekoek12345]

0:46 invest

[@nanonano.beepbeep]

Broke people fight you left and right but you haven't told a lie yet, Dave. This is sage wisdom for sure ❤

[@SuperBechti]

Like my dad always said ( he was a swiss bank director): “ with money you have to apply the bathtub with no plug rule” “ the water has to enter the tub faster that it goes out”

[@righteousmasculine]

Deep

[@gigioffical10]

Hello

[@H.M.SKingGeorgeV]

Currently 25, on £2,000+ per month post tax. Living costs and my car cost me roughly £570 per month. I invest £40 every day, sometimes more. He's not lying, when you start building your wealth and seeing it grow, it's a nice warm and exciting feeling. It's the most fun you'll ever have with your finances.

[@brittanyw4103]

I'm striving for the "Outrageously Generous" part 😏

[@brittanyw4103]

@@DardelaDumnezeu Amen. Just another opportunity to praise and glorify Him 🙌

[@king77solomon30]

Start tithing to God. It got me out of debt and now I can be generous to needy people and feed kids when parents have no money.

[@edwinroyal9734]

​@king77solomon30 "tithing got me out of debt" What? Were you in debt to the church? Fun fact, Christians are never told to tithe in the Bible.

[@croomcas]

Same here, can't wait.

[@jamieallyn7979]

😅o😅😅😅​@@brittanyw4103

[@HayabusaOrlando]

i was about $95,000 in debt. By following the snowball technique, I started knocking out credit cards and GOT OUT OF DEBT.

[@thursday4267]

I’m just listening to this on repeat until it’s permanently burned into my soul ❤

[@fg_fan5873]

good luck saving the money 😂

[@cratlady03]

Same friend. Absolutely the same.

[@L.Landerson777]

Over & Over & Over , Again & Again & Again . Lock up credit cards , turn off advertising .😤 Remember it’s only Temporary .🙏

[@GhostRider-iw4gr]

Not trying to be rude but has it worked for yall? Have yall stuck to the plan? What has changed

[@thursday4267]

@@GhostRider-iw4gr not rude at all. Just a curious mind. We did the plan back in ‘18-‘20 and found great success. We had no student loans and were safe during the pandemic (financially). We got off the plan, and found ourselves in worse shape financially. We’re back on it, with the intention to stay on the plan. It’s not that Dave is the ONLY plan or financial advisor. He’s definitely not god, but his approach is practical, and for the Everyman, his approach is pretty solid. Try it!

[@TheLastPharm]

What it comes down to is this: striking the balance between financial security and happiness.

[@halfbakedproductions7887]

Life is for living. I don't see any point in piling up wealth only to live like a medieval pauper even though your passive income is like $50k a year. They call it "the simple life" or "frugal", I call it miserable and would rather work.

[@ThanhBenMansour]

I like being outrageously generous the best.

[@howie6666]

I’d like to skip all these steps and go straight to you, be generous and give me 1 million dollars! Please? 😂

[@j.d.powerhammer4507]

People bash ramsey but following his method has made me A LOT of money!!

[@getjinxed7354]

He is made fun of because his plan is built on the assumption you are dumb and can never learn or be taught. There is a big difference between high interest debt on liabilities and low debt on income generating assets. The vast majority of wealthy ppl are hundreds or billions of dollars in debt. By Ramsey view Amazon is a stupid company that is a day away from bankruptcy....

[@cajbaf]

They only bash him because they don't want to take the steps to do it. Same as anything else. It's easier to make excuses though..

[@longhenaa]

Yeah because most people are too stupid to handle debt

[@reubendlima2433]

​@@longhenaaPerhaps because many people have had no education or role models in this area. When they hear stuff like this, they still have no concept of how to change their existing way of thinking about money and handling it.

[@Janice-sd7hl]

​@@longhenaa very true,but again has he pulled anyone's leg.?

[@turtletitan62]

Dave is awesome. He’s a very smart man who can politely give amazing advice. He’s harsh, but that’s a good thing.

[@greyline1012]

I put my trust in my other half and we sat in for five years. We then paid off our home. Bought a fixer upper, ie a two up two down by the North Atlantic coast 12 years ago for £35,000 and spent two years fixing it up. By that time we were 45 and realised we’re getting older so we moved into it and leased out the first home. Because of landlord taxes it doesn’t bring in a huge amount, but it is yearly income of sorts. If anyone thinking of buying a home to live off of it, in today’s world ask yourself first whether it’s worth it. Taxes now are so high! Dave your expertise and advice is really valuable today for many of us. Thank you.

[@halfbakedproductions7887]

Funny how an American was buying North Atlantic property in Sterling GBP. Bot account?

[@greyline1012]

@ We co Irish can still use all the great advice we can get.

[@panchojusticia6647]

I love this man He changed my life and if You do what he say your life is gonna change for real For better life

[@tamaradianehagan2858]

Thats true. I have been following. I love living my best life after retiring early. I was 25 when I started investing for early retirement. I saved half of my income and put it in cheap index funds. -ROCHELLE DUNGCA SCHREIBER helped me a lot with that. Now I travel the world, do what I love and have fun with my family.

[@KamorreW]

Can you recommend some videos that taught you the stuff you know

[@1967davethewave]

@@KamorreW I got started by listening to Dave's radio show every day. Then I went out and bought the his book, "The Total Money Makeover". That is literally the only money I have ever spent with Dave Ramsey. I then downloaded the "Every Dollar" budgeting app and just followed the baby steps and budgeted religiously. I went from always being broke to have a nice, positive net worth and being able to give generously more and more often. I'm not done yet but I can tell you his plan works great for the average person. Is it the only plan? NO. Is it the perfect plan for everyone? NO. But it is the best plan for most of us. At least it helps you get a solid footing and you can grow on your own from there.

[@pauleben2265]

Noted at 19 turning 20. This video is what I manifest. Thank you.

[@CharlesSharpe-hw1zr]

As my Advisor, Graciela Lynne Schriewer taught me she said in Quote; Combat the Financial planing crisis smartly: Save ambitiously, target 15% annual contributions, leverage ETFs and stocks for a diversified portfolio, and adopt tax-efficient strategies. Build financial resilience for your family with a strategic plan tailored to the facts and figures of your unique situation

[@AlvinJr-kc3pf]

Geeez that's a powerful quote. Who is she?? She sounds like someone well versed in Wall Street

[@CharlesSharpe-hw1zr]

She's a Wealth Professional Adviser.

[@CharlesSharpe-hw1zr]

her strong insights have made me over half a million, I am blessed.

[@CryptoJannet]

I looked up Graciela Lynne Schriewer on the internet out of curiosity; she has a strong résumé

[@ThomasMooney-mw2eg]

many individuals miss out on gains due to actually NOT having an Advisor.

[@barbarajames9470]

I've been debt free since 2003, never pay interest to anyone. I have and use a credit card and pay it off monthly, mainly to get the protection in case I lose my wallet and someone charges on my card Life is soooo much better not worrying about money. Stop 'treating' or indulging yourself, save save save. Thanks Dave.

[@Janice-sd7hl]

I agree with Yu Barbara 👍

[@dailymeowion]

...and never too late to learn, isn't it? I am grateful could find Dave Ramsey show 😭

[@magentaorchids]

Be outrageously generous ( once you are rich enough) This man was raised by good people

[@catherinerosa-baker2937]

Yep, I'm doing it too. It feels sooooooo good with no debt, staying on a budget, living below my means, invest. I am in control, I stay away from marriage also. I can be generous

[@flowforever9084]

Awesome ❤❤🎉🎉🎉❤❤❤

[@PolishedTruth]

You gotta marry of you will die with no value like many single people

[@abudhabi1956]

Money is a waste of time, it comes and it goes, but love, love is wealth and love will set you free

[@bmanscire]

You’ve taught me so much more than my own father has. My father was a millionaire in the 80’s and did nothing with the money and huge opportunities he had to invest and create wealth! Today he can’t afford the taxes on his house and has nothing saved for retirement! I pray to god to not be like him Dave! He recently told me don’t end up like me son!

[@KenKaniff-dw4jw]

Give your pops a hug man. Tell him it will be okay. He doesn't need to feel like a failure in his last segment of life. Big deal. It's just money. Once you have a house, car and some items what more can money buy? Your dad was a millionaire. That in itself is a huge accomplishment that 99.999999999% of the population will never achieve. Pick your dad up man.

[@Bluearmy76]

Ive done this for 30 years. Started at 18 with pension here in the UK. At 19 started with an ISA as a “early retirement fund”. Just retired at 48. No debt. No car payment. Kids in the family all have JISA/JSIPP’s and are well on their way on the right path!! Start off early (18 years old at the latest) with small amounts invested into a low cost index fund like the s&p 500 and build this up as your career progresses. If you do this, and cost average into thisevery month over 30 years, you literally cant fail…

[@pexxmusicc]

The GOAT in finances!

[@nelisiwemabuza9844]

Yea

[@jimmymcgill6778]

Yeaf right.

[@jeronimo2432]

FACTS

[@burairabbas9000]

Ever heard of Rich dad poor dad?

[@CuriouslyCute]

For those wondering what GOAT means, it means "Greatest Of All Time"

[@nathanhatcher7096]

He said the key word!... Plan! U got to have a plan for anything to succeed! As my old man would say u got to get it together with a plan!

[@kws5354]

I had never heard of dave ramsey until after i've gotten my financial straightened out. It was my brother that was telling me about him. How I got my finances straightened out as one hundred percent in line with what dave ramsey teaches. I wish I had heard of him earlier. It would have been a lot easier than trying to figure it out on my own.

[@amirawadmusic]

You are a blessing. Keep up the good work✨

[@RuthEdades]

I save as much money that I can. Yes I shop but there is a cut off price. I live in my mom n dad’s home. Then are gone now and our home was paid off in the 1990s. I pay the utilities and we have solar panels. People ask me how do I do it. I worked retail jobs. I know last call prices. I only have 2 credit cards and minimum limit $1K Macy’s. 2nd Mastercard $2K limit. I am 57 on SSDI. I underspend. I have nice gifts but price limits. Thank you.❤😂🎉😢❤❤❤

[@RuthEdades]

My SSDI is $26K benefits yearly. I hate paying high prices.

[@rebeccacasas6152]

God Bless Mr. Ramsey!🎉

[@Josh-by9fv]

Blessed we are to have been blessed with an awesome guy like PAPA DAVE.

[@hahaha9076]

I listened to someone about a written budget at age 28. I'm now self funded retired at 58. I'm not intelligent. Just smart enough to really listen to wisdom.

[@Dividendflywheel]

Simple wealth building principles. But Simple Ain’t Easy. Thanks Dave

[@SRD1281]

Nobody said it was easy.

[@buyystocks]

it is easy, cut cable, put in your 401K early, buy a moderate car, save a little every week,im 59 1-2 retired, not rich but have no debt,

[@fantasticalthoughts]

​@@buyystocksgood on you man 👍👍 i feel like the most important goal is to manage a salary that's at least 3k. Then just invest for a full decade and boom retirement. Maybe you can invest in something for your children to look for!

[@Cave_Johnson]

It is simple, and it is easy, but it is extremely painful.

[@PurveyorOfCuriosities]

The only thing that makes it not easy is the price you pay being disciplined. Now ask yourself...would you rather be disciplined now and relax later or relax now and be disciplined later?

[@KM-bb1jy]

I really don’t like his bedside manner as a money doctor but I read “Financial Peace” as a 25 year old. I moved to Nashville with $500 and 21 years later, I am a millionaire. Solid advice.

[@Lorifromalberta]

Money is a game. Either play it or loose. The rules must be your #1. Written plan. Thanks for the reminder Dave!!!

[@KennySPT]

Yes I’m always loosing

[@Lorifromalberta]

@KennySPT ever hear the statement or read the book "Beware of the Naked Man Who Offers You His Shirt"? In short it means don't take financial advice from people who are broke; don't take marriage advice from people who are single or divorced; and don't take health advice from people who are sick. So basically when you seek financial advice make sure the person is financially stable. The other thing is learn to see what you have as valuable. A small home paid for is more valuable than a big one with a big mortgage.

[@daveulrich4623]

*lose *losing

[@jackieappleton8791]

So true. Wish I'd done that 50 years ago

[@ChrisD624]

Dave Ramsey’s advice is good for those who can’t manage money and need simple rules to follow. Debt is a great tool for generating wealth if used correctly.

[@Culture-and]

People don’t understand that when you take out debt you are no longer in control. You shift the power to the creditor.

[@ChrisD624]

@@Culture-and You are still in control given that the T&Cs of the loan are all stated up front. Leveraging debt can be a great way to generate passive income when done correctly.

[@daveulrich4623]

@@ChrisD624 Exactly

[@nadiaalbert4336]

Yes yes my monthly excel spreadsheet sheet never fail and always pay yourself FIRST 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

[@mikeramsey2824]

100% absolutely positively right I’ve taken his course highly recommend it. But you gotta be committed! Seriously

[@SAUDILAD]

I paid off my debt in may 2021. It is so good since then. I have been in debt since 2005 -2021.

[@thegingerbreadman5149]

I like the outrageously generous part. I send $200 a month to my grandma so she has extra pocket money, and a little to the family that lives with her, but if I had actual extra money I would be a big-butter-and-egg man, just leaving big tips to waiters and helping my parents retire earlier.

[@shoeplayisbad1]

I don't go out to ear though Cheaper eating at home But that's a good idea

[@meatfeast4815]

I'm 40, completed all of these things. No mortgage, 50k in savings, great pension, freaking miserable. Number 1 as a man is learning to enjoy the journey. Destination don't matter. Trust me.

[@Godhiger]

I love this guy, he is like a brother to me. I made a wise decision in my financial income. I save more than I spent.

[@Jose-c1j3w]

Amen 🙏 🙌 Thank You Lord Christ Jesus for Your Divine Abundance blessings over me

[@sammyfbaebee1]

Dave has spoken and I approve this message! 🎉🎉🎉

[@user-Boris1389]

Yes yes ,you make plans and God smile on you.Come on people live your life don’t listen now one,for everything in life you need to have luck.We can’t be all reach,all health,all pretty.Have hope in better tomorrow and live life.

[@Hannahbenowitz]

I wish I invested in stocks earlier but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

[@HildaBennet]

Whenever you're ready, hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

[@FinnBraylon]

Controlling my portfolio cost me losses in 2022. So, in January 2023 I sought advice from a fiduciary. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

[@HildaBennet]

Your manager must be really good, how I can get in touch with them as my porfolio is not performing as expected.

[@FinnBraylon]

’Rebecca Noblett Roberts’ is the manager I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@HildaBennet]

I searched her full name online and found her webpage. I emailed to make an appointment to talk with her; hopefully, she gets back to me.

[@lukelukoolembo4905]

I liked that he's advising people to get out of debt. Can u imagine Kiyosaki encourages people to indebt themselves ?

[@Freedomone153]

Love your show .... cheers from Australia 🇦🇺

[@oz3906]

Love this man! He genuinely cares.

[@OhItsJake]

Lmfao 😂😂😂😂 sheeple

[@1967davethewave]

@@OhItsJake Says the person who has never helped anyone in their life, 🤣🤣🤣🤣

[@IAmTheGlovenor]

I only did 2-4, retired in my 30s

[@orangecrate5895]

I was debt free at 46. Here's how I did it: 1. Saved while I lived at home. 2. Invested early. 3. Purchased rental. 4. Paid off rental. 5. Saved. 6. No kids.😅

[@Drivemap]

And that is also the absolute main key. DO NOT Get Married & DO NOT Have Kids…

[@Thomas.Bolleiro]

When you’re out of debt, you’re outrageously generous. When you’re in debt, you generously outrageous.

[@Giggidygiggidy12]

Ramsey is wrong about some things but he also makes some good points. Debt can work for you if used properly. Rich people get rich by using debt not avoiding it

[@firstnamelastname3558]

Please call in to Dave Ramsey and state your case. I’d like to listen in and hear Dave’s response.

[@Giggidygiggidy12]

@@firstnamelastname3558 it's common sense pick any investment on earth, you likely have to borrow from a bank or private lender to build most types of business. Sure you can boot strap and work to build something up to but those years you will never get back. Warren Buffett, Bill Gates, Elon Musk, Jeff Bezos, Michael Dell all borrowed money to build their companies and they are all far wealthier than Dave Ramsey will ever be

[@Cafeallday222]

This is basic. First you must do these things, THEN you can learn to use debt properly.

[@AvenDonn]

First you need to make the kind of wealth where you can leverage it to build more wealth with debt. Otherwise you'll find out you're just a schmuck with debt

[@andrewlayton9333]

Yes, self-liquidating wealth debt such as purchasing equipment for a production line.

[@jimoakley3436]

Years ago a old gentleman told me if you make $ 10 a hour, live on $ 8,wise person.

[@wickedone2199]

Be generous to someone who didnt work for it? No thank you. No free handouts.

[@cajbaf]

I kinda feel the same way...where were all these giving people when I was working my ass off on these steps??

[@lizzieforrester2290]

I love these videos, I'm paying off £3000 off a credit card over the next two months working three jobs thanks to these videos. I can't wait to be debt free.

[@Eoin_D]

How outrageously generous is Dave Ramsey 😂

[@randylusk3258]

Just imagine all the people he’s helped get to the 5th step in being outrageously generous. Millions of people are helped as a byproduct of Dave’s work

[@seanrogers8548]

I’m hearing the following: let everyone else in your socio-economic upbringing enjoy their lives while you sit at home as a wise investor, hoping to stay healthy & live long enough to level up & reap the rewards…that is after finding new friends…because the ones you grew up with can’t afford to hang out with you anymore. Then you realize these new friends that grew up caring about money more than being happy & friendship kind of SUCK and it makes you suddenly feel compelled to generously give it to your old friends anyway. Is that about right?

[@nmmilliron9433]

*Whoosh

[@darrellhicks360]

God has given us a wonderful life

[@DoofyMusic69]

I’m close to having six figures saved thanks to Ramsey. Been saving aggressively tho. Watching those #’s going up is such a relieving feeling.

[@jjzacharias3937]

A great plan Dave! I'm following that.

[@R7Romeo]

ILY. I read your book long ago and you're absolutely correct. Because once your write the plan it hard to argue with yourself on what needs to happen to make it out or you'll just refinance into the slums. An the tragedy is that other peopels opinion can directly affect your budget if you're not a home owner.

[@gizelakelly4255]

Excelente mensaje para todos nosotros. Mil gracias. 😊🇨🇷

[@suebaybee]

Outrageously generous is the ultimatel and blessed goal. Thank you Lord. 😊

[@micahmartin4762]

Leveraging debt does not make one stupid, it makes one wealthy if done wisely.

[@Culture-and]

There’s a reason banks make so much money giving out loans

[@micahmartin4762]

@@Culture-and And how do you think banks obtained the money to give loans in the first place? They didn't take Ramsey's debt advice, that's for sure.

[@Culture-and]

@@micahmartin4762 Do you think leveraging debt is the best or only way to become wealthy?

[@micahmartin4762]

@@Culture-and It depends on a person's circumstances. It's not the only way. It's a really good way. And sometimes it's the the best way.

[@ajboi4764]

There’s a few types of debt. He is talking about personal debt which people confused with leveraging debt that companies or people use for investments. Obviously personal debt you just want to get rid of, there’s not leveraging that debt.

[@philphil2652]

I love you Mr. Ramsey😊

[@martinnaisan-h6w]

Rich don’t get rich saving money! Rich get rich putting their money to work for them to make money.

[@honorineoussou7686]

Yes but first of all you have to save before investing how can you invest if you've got nothing

[@spectate0074]

@@honorineoussou7686 that extra $10 a week spent on crap purchases adds up to $480 a year. When you are just starting to get your feet wet with investing $480 just to play with in your first year isnt a bad idea.

[@carlosgarcia-jz3dq]

I think you meant to say, the rich get rich by putting the money they SAVED to work for them to make money. You missed a spot.

[@probuilder961]

​@Spectate007 Yup! That $480 would have bought about 20 shares of QQQ back in 1999 and would be worth over 6k today. Ask me how I know... ;)

[@TheDryToalla]

Dave mentioned after saving to invest the money.

[@jeanetteabrosie476]

I totally agree with you, respect & live with what you have & save whatever is possible 🎉❤

[@eddiemalvin]

Great stuff... I especially like how he didn't define what "outrageous generosity" looks like because it could be different for each of us. It doesn't necessarily mean giving money to a charity or church. It could be in the form of volunteering. It could mean giving your children a head start in life by helping them buy a home or ensuring they don't graduate with college debt. It could mean providing a comfortable life for your parents or investing in a budding entrepreneur or heavily tipping our brothers and sisters in the service industries. We get to decide. Generosity comes in many forms.

[@MegaReception1]

I save money even when I can't, because when I can I have so I recapitalize it so by doing this I'm always making my money grow so when I retire my life style wont be affected. greetings from Panama

[@Wdbjr12345]

I saved my money for a reason not to be outrageously generous. Anything outside helping a friend with a few hundred every now and then i ain’t giving nothing away.

[@hawaiianbreeze9960]

Why would I save and suffer just so I can be outrageously generous? Makes no sense to me when I can spend all that on me. Tomorrow is not guaranteed but I do strive to put some away for a rainy day.

[@mikereynolds2700]

So simple yet few willing to do it. The western world has become hooked on cheap money and having everything now on credit. Starting to see that get squeezed and a lot of people are feeling it.

[@antoniopablotk1221]

You do realize the dollar has lost 99% of its purchasing power since 1913, right? It's a melting ice cube.

[@kathykaczmarek5868]

I’ve never had a plan, OR budget. What I do have however is EXTREME self control!

[@danielmcclorey6606]

Low Overhead!! Drive a Car with no payment. Cut out Cable. Eat at Home, huge savings. Drink Alcohol at home mostly, don't spend too much at the Bar.

[@hollyb6885]

I do all these things EXCEPT cut the cable. I’m low tech and don’t know about things like Roku, etc…. 😞

[@brandonsaquariumsandterrar8985]

​@Holly B we all need our one luxury

[@hollyb6885]

@@brandonsaquariumsandterrar8985 👍

[@lynnebucher6537]

​@@hollyb6885 I'm currently getting by on Internet, digital antenna for free local channels, and Netflix. I've heard the Roku isn't that hard to set up. Will probably give that a try.

[@hollyb6885]

@@lynnebucher6537 In my next life maybe I’ll be tech savvy.

[@davidsonphilogene6229]

I love when people say 💯 meaning that’s guaranteed

[@regtalkswealth]

Yes this is the way to wealth

[@RiKasti]

Tom Hanks brother gives wise advice ◉⁠‿⁠◉

[@CathyJennings-kw8ds]

Seriously????

[@_Everyone__]

Rich people first get rich by making a good amount of money, you can't save enough to get rich if you only break even for an average life supporting your family!

[@Gonzalo.Escobar]

Rich people also get rich by not having kids when they’re not where they want to be in life

[@jerrycarroll9068]

Tell that to the families that are barely making it because of the screwed up economy. The ones living on minimum wage, it’s real easy to tell people how to live when your are rich. Smh

[@homesteadlivingsolutions]

What are they doing to make life better? Only making excuses

[@jerrycarroll9068]

@@homesteadlivingsolutions it’s called surviving! You can’t save if you don’t have anything to save.

[@homesteadlivingsolutions]

@@jerrycarroll9068 It's not surviving, it's not making the best life decisions, certainly making good financial decisions, living beyond means, and not taking full advantage of our capitalism opportunities. Steps: Finish high school. Don't take out student loans for degrees that don't pay or you cannot get a job in. Start at tech and get generals done far cheaper, or get a trade degree with actual value. Work while in college. 2. Don't get knocked up or get someone pregnant. 3. Don't commit crimes. Period. 4. Don't take out high interest loans or payday loans, save, work your FT job while extra job for more money. Take on a weekend hustle. 5. Live I'm a moderately priced neighborhood, taking on a room mate if necessary. 6. Learn rather than hire. Lawn, snow removal, gutter cleaning, etc. 7. Make modest meals. Use coupons. Grow a vegetable garden. Partner in a small garden group. Share. 8. When you do have kids, trade daycare. 9. Leave drugs and booze alone. 10. Find cheap hobbies and dates. A Netflix and sub night is cheaper than a club. Puzzles, board games, walks, bike, etc. 11. Take physically care of yourself. Eat right, leave the soda and fatty shit out. Exercise. You don't need a gym. 12. Start a small business. Make cakes, epoxy garage floors, rehab furniture, lawn care, paint rooms on houses, literally thousands of things you can do. Lucky # 13. Stop complaining and seeing yourself as a victim. Put that energy into accomplishing something

[@stevenbeach748]

The economy didn’t make those families lease cars, take out student loans, and buy $1500 cell phones every two years. The economy is just showing you how you can’t live that way. When the tide goes out you can see who was skinny dipping. Well the tide is out now. Only a fool would blame the tide and not their decision not to wear a suit.

[@muchadoaboutkovu]

I agree. My husband and I got married very young. We had been slowly building up and we started having kids. I stay home with them. Inflation etc high tax state all stack up but we survive. Then he broke both his wrists helping a friend and we have no income right now. No disability etc. Our money is gone. My parents have been keeping us alive. I’ve been selling stuff we have. My husband doesn’t want me to get a job because it would all go to daycare. Plus I had to be his caretaker for over a month as he couldn’t do anything. Can’t do these steps(which Dave Ramsey gets paid spouting it out at you!) if you literally have no money. Also.. when people say invest… invest in what?? And who has thousands to do that?

[@Wet_Willys_Wetter_Water]

1) spend less than you make 2) dont go into debt for vehicles 3) dont get an economically stupid degree 4) dont have children you cant afford 5) dont buy more house than you need And if youre a man 6) dont get married

[@Cafeallday222]

Ehhh, when I had money and no family I wasn’t fulfilled. This sounds like a lonely, rich life.

[@Wet_Willys_Wetter_Water]

@@Cafeallday222 if you had money then none of this applied to you

[@PeacefulTraveller888]

Excellent advice❗️👏🏻😊

[@frank-the-tank75]

Grew up extremely wealthy. Parents were $30+ millionaires. I had to get a job at 15 and got kicked out at 19. Parents always made me work for what I get. I now make $120k a year and still only spend about as much as I would had I make $40k a year.

[@attempt6272]

Nice job

[@Dan-sb5sf]

Serious question: what do you suggest for people with disabilities who are unable to earn a livable income but do not qualify for a lot of benefits?

[@derekhayter4879]

These days... Impossible to be debt if you wanna enjoy life. No one has cash to buy a house when they are young. You need a mortgage. When you do have cash to buy a house, you're not young anymore. You need debt to enjoy life.

[@mateus8676]

On your way to being broke your whole life 👏 🥳

[@Fordguy1997]

Dave is okay with mortgages as long as you put at least 20% down to avoid PMI and do a 15 year fixed

[@cajbaf]

There is a couple on KZbin who have just purchased their third house, with cash. They claimed they have followed Dave Ramsey and are only in their mid 30's. They have talked about how hard it was at first but they have done it. The only problem is saying it can't be done, because then it won't

[@bentheozzy]

In australia our dave ramsay is a guy by the name off scott pape, his book is called the barefoot investor and updates it every year and re releases to align with percentages and bank changes. Learnt alot from that, would love to see ramsay and pape chew the fat and compare the differences between the finance worlds of both countries

[@daug1783]

I’m fine. It’s inflation that’s dragging me down.

[@daug1783]

Having a side hustle barely makes a difference. I’m working harder and sacrificing more just to cover the same needs.

[@sheilathomas5610]

lol I love Dave lol. It is a honest as you get. Thanks Dave

[@elle7079]

I'm going to follow these steps immediately

[@HighWorthyMan]

These are significant life lessons.

[@paulashealthyliving]

I did a lot of these things before Dave Ramsey was a "thing". And now... ya I'm outrageously generous.

[@fitta74]

Facts!!

[@remodelboostclub]

Great advice for the middle class not for the rich especially not for the wealthy.

[@samuelterry4872]

Number 1: Pay your tithes and give to people in need

[@debkiehm7634]

I love that !!! I'm not rich, but I am outrageously generous and you're right, it's very fun ❤ 😋