How to Take Control of Your Money! | Ep. 1 | The Best of The Ramsey Show

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[@TheRamseyShow]

The 7 Baby Steps Explained 00:48 Why Can't I Use Credit Cards If I Pay Them Off Every Month? 8:04 This Baby Step SHOULD Scare You! 15:26 A Message to Broke People - Dave Ramsey Rant 24:26 How Much Should REALLY Be In Our Emergency Fund? 29:27 Stop Asking Me This Question! (Just Shut Up And Do It!) 35:58

[@alexanderdupisztake9890]

A progressive tax system is the bedrock of a functioning democracy .

[@eg5098]

By hufg GT

[@asiegbuchukwuemeka3473]

I so much love this show. Please, I am kind of confused regarding emergency fund($1000) in one month. Hmmm. can we get this in Nigeria where a lot earn between $200 to $400 monthly or so. Please, how can this category of people fully participate to build wealth?

[@KatorTarkaa]

@@asiegbuchukwuemeka3473 Great question!

[@swayzieandchinita]

Made me smile when you said Rice and Beans (not beans and rice) 😅

[@norahagaptus9823]

At its core, financial management is the practice of making a business plan and then ensuring all departments stay on track.

[@wilmorttownsend2724]

Solid financial management enables the CFO or VP of finance to provide data that supports creation of a long-range vision.

[@salvatorecastello706]

Exactly how Timothy Eric Meek always reminds me to make decisions on where to invest, and yields insights on how to fund those investments, liquidity, profitability, cash runway and more.

[@serenafonte4785]

In business, financial management is the practice of handling a company’s finances in a way that allows it to be successful and compliant with regulations.

[@princeholgate9325]

According to Timothy Eric Meek, By integrating these key components, a financial management system ensures real-time visibility into the financial state of a company while facilitating day-to-day operations, like period-end close processes.

[@rosannaconstil571]

I will be glad to know how i can reach him as soon as possible

[@sue30785]

I'm debt free,home owner and graduated college without a student loan because of Dave❤️from🇯🇲

[@alicel3992]

👏🏼👏🏼👏🏼👏🏼👏🏼Good job🤩

[@joshjosh575]

You probably stole it.

[@ronnydelacruzYT]

👏🏽👏🏽👏🏽

[@Go0ofygoober]

@@joshjosh575 don’t hate

[@tresmith5224]

Awesome! Good job!

[@austingraff1881]

Start with your kid the day they are born. Every month put $25 in some sort of investment getting ~8%. Do so until they start working at which they take over. At age 72 they will have $1 Million in the Bank. They repeat the same rate for their child. Pass the inheritance money on to them and they will have $12M in the bank at age 72. Repeat for the grandchild and they will have $140M in the Bank at age 72.

[@alexyoung3126]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@jessicamoore3093]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@jessicamoore3093]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you.

[@toomuchdebt5669]

@@alexyoung3126 I think you miss the point he was trying to make. He said some sort of investment. Diversification comes with accumulation in stages.

[@IzzythaGod]

Forget them kids man 😂 instead just teach them

[@shirleylinwood5438]

I was $106,000 in debt in 2020. I am now $60,000 in 2024. Plan to finish by December this year or sooner.

[@ANTONIOANDREARAMUNDO]

Awesome, you got this!!

[@Maatkare]

killin it!

[@laurijohnson7754]

My daughter worked through school, went to a community college and lived at home. She graduated debt free

[@KevinMitchellsubscribe]

She could gotten scholarship

[@alicel3992]

Smart young woman👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼

[@jwassell1]

🎉

[@forctis4672]

@@KevinMitchellsubscribe u missed the whole point

[@MJMonroe]

@@KevinMitchellsubscribe that's not easy to get even if you have good grades. That's a big maybe and it's unrealistic to think it's that easy.

[@pip6866]

I am 73 yrs old, house paid off years ago. No debt. Cars paid off. 300K in savings. Snowbirds in the winter. Good retirement income. I followed Ramseys philosophy back in the day when it was called common sense. I consider myself lucky. Ramsey’s advice in all things financial is spot on.

[@Texas_Cruiser]

That's great! I'm 42 and work for my state government. I have about 17 years to go to get the pension and health insurance for life. What I don't have is much in investments. My wife and I finally got around to mutual funds but I can only put so much in there. We're banking a lot on selling the house and with that moving somewhere more affordable and living a much simpler life. I hope I'm where you're at by 73!

[@carlcorke3378]

I found "The Total Money Makeover" for $1 at a thrift shop!! Best dollar i have ever spent! I am doing baby step 2. 12 months from now, i will be debt free! I can't wait!! I will be a millionaire!! Much love from NC.

[@liv_fahn4072]

I'm on baby step one. But you have to start somewhere. I struggled with addiction for years so when I got credit and had a little money I went into debt bad! I am working extra hours picked up another job and I'm determined to make this happen!

[@JustMe-ig7sx]

I just wanted to say congrats on your sobriety! ❤ Keep staying strong and you will get there! 🙏🏻

[@andrewrobertson9771]

Hey man !!!!!! You got this Thanks for sharing

[@theekeyes]

Awesome! Where are you now? I’m also on baby step one!

[@carlacosta4896]

Amazing, you are definitely on the right track and you’ll get there soon! ❤️

[@bruthayoshi2111]

Good fricken job!! You got this Liv!

[@janinramirez7]

This world is full of organizations that know how to fool people who do not know. I like Dave’s passion of avoiding debt! Cash is king!

[@patrickibrahim971]

The king lost 15% of his value this year. Use other people's money

[@marshallwise3605]

@@patrickibrahim971 Dave tells us not to borrow other peoples' money.💰

[@kyles2232]

​@@patrickibrahim971Where did he say to stuff the mattress with cash

[@blakedjameson]

@@patrickibrahim971doesn’t matter, he’s always got his fund and zero debt to sink him. Doesn’t matter what the economy does🤷‍♂️

[@vineking3889]

​@@marshallwise3605es try do t ryy; 😅 settle eg get 🎉 even t yo good advice ufxq asst da d see ztsw❤ two d❤

[@frankcardano4142]

Allegedly who and what you listen to is what you become. I can listen to this channel every day.

[@arienfox]

That's RIGHT 🎉

[@1jw298]

Don’t forget the Bible comes first

[@Charles.psalms1]

Amen

[@JOESUBA122]

Both my sons went to college on a full ride playing sports and it was by me training them and keeping them out the streets and now they are 25 and 30 and I am so happy I was there for them all the step of the way! They both are out my apt and they both have their own place and jobs! Now I am trying to get them to listen to Dave 😂😂

[@samueljimenez411]

Main reason why fathers are needed brother! Love to see it!

[@stevensmiddlemass2072]

Taking early notes as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $600K for sometime now, I would greatly appreciate any other suggestions as i'm 3 years away from retirement.

[@Curbalnk]

Each strategy carries its own set of pros and cons and picking the right one depends on your specific financial goals, but in order to execute such effective decisions, it must be through a skilled practitioner.

[@Shultz4334]

@@Curbalnk Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@DanLeahfort]

@@Shultz4334 I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Shultz4334]

There are a lot of independent advisors you might look into. But i work with *Heather Ann Christensen* , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.

[@DanLeahfort]

@@Shultz4334 I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away

[@laurijohnson7754]

One thing not explained is that it takes discipline and time. Most people don’t like hard work and pain. I’m so glad I found him. So many times I wanted to give up. I’m so glad I didn’t

[@xCaptainKlutch97]

My wife went to Ivey tech for a 2 year degree to be a dental hygienist, she was only given so much in finiacial aide and owes about 13k. Finiacial aid will only cover you as long as you take the required amount of classes during that semester and by her doing that she wouldn't have been able to work. It's a really flawed system, but we are tackling the debt now and should have in done by the end of the year!

[@alicel3992]

And then, colleges/universities want you to take classes totally unrelated to your profession!😡 I asked my college, why? The answer, to make me a well rounded person. 🤢🤢🤮🤮🤮 I can take that money and go on trips to make me a well rounded person. Greed!!

[@mwilging]

Totally understand what you're saying, Captain. I graduated with a BS debt free, but graduated physical therapy graduate school 4 years later with close to $100k in debt...assinine

[@gangstadad8877]

It crazy to me that theirs people who make 150k plus a year and have 60k in debt and they can’t figure out how to pay it off.

[@janellygarduno9420]

today I decided that I don't want to live paycheck to paycheck anymore. this is the second video of you that I watched. writing notes and going to start doing something about it. Im putting baby step number one in the works as soon as I get paid. no more than 30 days. im going to build up that 1k and after that I will be unstoppable!!!!! thank you for these vids. can't wait to listen to more!!!

[@Mujcanal]

Yes, keep your head down and work hard on it now, congrats on good move

[@liv_fahn4072]

34 and on baby step one! We got this!

[@ezekielkok1848]

Best feeling when you don’t have to live paycheck to paycheck. That’s a great start to have some in your savings each month

[@6feet6figures]

Good I hope everything works out for you

[@missmrice91]

You can do it!

[@kurttSchuster]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[@sherryie2]

Nobody knows anything 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.

[@tonicruger]

@@sherryie2 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.

[@Mcllwain]

@@tonicruger I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@tonicruger]

@@Mcllwain My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@Mcllwain]

@@tonicruger She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@sunilmathew349]

I think the one thing Dave Ramsey misunderstands about the points is this. He's right when he says you get only $200 back in points if you spend $10,000. Thats sounds ridiculous if you are just spending money for the sake of points. But most people dont do this. They end up spending that money anyways for their needs. The points we get are just by-product of the money we would have spent, with or without credit cards. I'm talking about people who pay off their credit cards every month.

[@6feet6figures]

@@EagleSpireGamingexactly the points are irrelevant when you trying to get the credit score in order

[@Begula4]

Actually most people do the opposite.. that’s why American are in so much debt. Credit card causes you to spend more than you would otherwise. So yes they are using it to pay bills and then some. And they justify the additional spending as “oh I’m getting points”. just stay away from credit cards

[@mattodude237]

I am a statement by statement payer and pay NO interest but I will say this, I am ready for the freedom of being beyond that and not biting my nails everytime I go over my budget.

[@raquelmote1057]

I pay off my credit cards every month like this only doing groceries. But what hit for me is when Dave talked about buying things for the points and would you have spent as much if you didn't have the credit card? And the answer for me is sometimes. There are times when I didn't have money in the bank account for groceries so on my credit card they went. But that's a $200 shopping trip I didn't have to take. I've tried a couple no spend challenges and when you can't spend you get creative. You find the hidden soup cans in your pantry, you make new recipes, you make it work. I can't say how many extra grocery trips I've taken when I didn't need to. I started with 3 credit cards and have since cut one up. It hurts, but I plan on cutting up a second one soon too. Hopefully no credit cards in the future

[@nikedunks213]

anyone else want to see a podcast with Dave and rich dad poor dad? - that would be a fun time

[@garthbuck4274]

Two thumbs way up!! I have encouraged my kids (young adults) to follow (they do) your plan, Dave. Thank you from New Zealand

[@ericpass9749]

Such valuable information! I cannot scream loud enough how important it is to not have any debt. It really does bring you a lot of peace, and you don't worry about any "boombie" that life throws at you

[@rave400v6]

"Put the kids on craigslist." I like his way of thinking.

[@gqfs1023]

Wait, you can do that?!

[@Elizabeth-yg2mg]

Don't have them in the first place.

[@miss_sunshine25]

@@Elizabeth-yg2mg Wow. You don't sound like somebody I'd want to have as a mother

[@Elizabeth-yg2mg]

@@miss_sunshine25 Who cares? I don't want kids.

[@kkiissssiikk]

@@Elizabeth-yg2mg Everyone cares: Demographics are old = economy goes down. Government takes care of kids and their parents first to fix economy. Elderly sacrificed to pandemic without their kids supervision.

[@alanj9978]

Love the "savings" account description. I've been dumping a fair bit into a future house/car/appliance repair fund for a while and I don't really consider it an "emergency" fund but that's basically what it is. The heat pump will eventually blow up. The roof will need to get replaced. Trying to estimate how much that will actually cost and when is the problem.

[@MattMills69]

Oh I went to college with loans and I didn’t even finish. I make decent money and not afraid of work. My kids are not going to college if they don’t want to, but definitely gonna help pay for it or have them work and pay for it themselves. I have 24k in loans for NOTHING. I definitely don’t want that for them.

[@bite-sizedshorts9635]

If someone is actual college material, they can get scholarships and grants. There are billions in scholarships that go unclaimed every year. That's what I did. There are academic scholarships and need-based scholarships. I was poor, but got excellent grades, so that was a double plus for getting aid. If someone isn't college material, they'd be better off learning a trade. You can make a six-figure income as a plumber or electrician.

[@kiddorot3848]

Part of the dave ramsey plan is saving up for your kids' college

[@alisawoods4180]

Thank You So Much I Appreciate Your Help And Wisdom I AM DEBT FREE AND HAVE A 6 MONTHS EMERGENCY FUND SO FAR I WANT A 2 YEARS BUFFER

[@hellothere3936]

I look up to my dad because my dad is always saving and always paying off the debts as quick as possible. He payed off his house in 5 years he payed of a truck that was 12,000 in about 2-5 months. He is the only one that works, we are a family of five. to me the fact that he can pay off what he owns in a a little time frame is shocking.

[@lelanihare8144]

did your dad invest in anything? did he flip stuff how did he do it?

[@sarahhastings9140]

I wish that more people went on the Dave Ramsey plan. I’m ready to start.

[@skychad2008]

I'm just getting out of debt and am looking to build my wealth now hopefully watching this will help.

[@Robertgriffinne]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm grade I learnt early in life to work hard for financial freedom

[@Natalieneptune469]

Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.

[@PhilipMurray251]

Considering the prevailing economic climate, I recommend seeking a mentor or a knowledgeable advisor who can provide guidance and support.

[@eastwood224]

I have been contemplating pursuing that approach myself. I currently hold a substantial number of stocks, but their value has begun to decline, leaving me uncertain about whether to hold onto them or sell.

[@tonicruger]

I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years

[@Aziz__0]

Interesting, I could really use the expertise of this advisors, who's the person guiding you?

[@Olliethegolden]

I graduated nursing school with $34k in loans at 21 years old. Lived with my parents for the next year, worked OT saved almost every penny. It then took my soul to drop $34k at once on loans but it was so worth it!

[@esgiegee9576]

I came here in the US on 2006 from Asia with 600$ in my pocket. Extremely frugal living. Saved cash . In two years 2008- was approved for mortgage. Signed for 30 years. Continued frugal living until now. Kept on adding more every month of my mortgage- if I had bonus at work I would prioritize adding to my mortgage- if I had tax rebates I would add to my mortgage. Refinanced and studied how refinancing works. Listened to David- and many legit influential people about financing and took notes. Instead of 30 years- I will be finishing my mortgage in 2 years( which is 17 years instead of 30 years paying.) Secret? Frugal living

[@6feet6figures]

You should’ve went back home and live like a king 17 years of mortgage is a scam especially in a deteriorating country like USA

[@comment2250]

I just saw a documentary with Dave Ramsey in it titled "Maxed Out" from 2006. I would love to hear Dave's thoughts on things talked about and discussed in that documentary in light of where we are now in 2023 in regards to the credit crisis. If someone from The Ramsey Show reads this, can you all dedicate a show to doing this, I would love to hear Dave's thoughts and any updated statistics he can share to highlight how vastly different things have changed.

[@I.M.creations]

What really baffles me...some are high income earners and yet they have such big debt?! 🤯

[@ISEEKSPACE]

Living beyond their means...it's either you within them or living beyond them. It's that simple.

[@foreveryoung999]

Lifestyle inflation

[@Jonathanped]

I came to say this. It baffles me. Really shows the need for governors on spending habits like tithing and budgets.

[@ThorMaximus]

It’s really simple. People suck at managing money. Want to show off status, but don’t realize no one cares.

[@85fucho]

It don't máster how much comes in. What matters is what goes out

[@aristac9257]

This was best explanation for the only having $1000 emergency fund I have heard. Thank you

[@Seedem_and_Feedem]

Iv been watching Dave Ramsey for just a week now. Im so motivated to tranform my life, wish I came across Dave’s baby steps earlier on in life. Im 28 years old, having a baby this month and I am determined I can become a millionare by 35 if I follow Dave plan and implement the many business ideas I have. Thank you Dave, hope we follow these ideas as South Africans as our country is pretty bad economically right now we gotta save ourselves 😊

[@ballan00]

I have a cash back rewards card that I pay for everything I can with... and never carry a balance at the end of the month. I've never paid any interest on it and I get $500 or so of free money each year. I've been doing this for more than a decade now. I suppose the objection to doing this is that most people aren't that disciplined and end up letting it snowball on them... which can happen quickly with the insane interest rates... and I suppose at the end of the day maybe that risk is not worth the menial rewards you get back.

[@cabayern9416]

Some people are diligent and it does work for them.

[@brutustantheiii8477]

IKR. But along with other outdated notions, Ramsey knows his audience. They are the exact opposite of: self control, responsibility, ability to discern want and need etc.

[@amypeterson1969]

Wholeheartedly agree! We weren't disciplined until we bought a business. Being in the auto repair business & rural, you cannot conduct business without a card. Period. How rural? 100 miles from the closest stoplight, McDonald's & Walmart. Anyhow, we use our airline cards, pay them off every month. It's worked out so far 😊

[@freedomunrestricted]

what I got from his objection is the mindset that it is free money to go on vacation with when people should be saving. the tickets might be free, but they are spending money on vacation that they should otherwise be using to build themselves up.

[@sobeliever1638]

Keep dping it it that is what you are doing.

[@matshidisomatlapeng6395]

I can happily say I have a savings account for emergencies, one for Black Friday sales, and now one for a new car

[@haasan9360]

wait what? black Friday is the "emergency"?

[@matshidisomatlapeng6395]

@@haasan9360 I never said Black Friday sale is an emergency, I said I have a savings account for emergencies, one for Black Friday sales and one a new car. I think it best you listen from 34.09 minutes on the video. I have have different savings accounts for different things not necessarily to do with emergencies. Not saving for Black Friday or Christmas can mess up your budget, so that's why I start saving for it beginning of the year

[@lfuentes4098]

@@matshidisomatlapeng6395 I use to have a holiday account with BofA. They closed it after a few years. I don’t think it was in their best interest to keep people debt free.

[@nikolai-ru1ip]

When it comes to credit cards I’ve been taught, treat them like they are debit cards, don’t ever spend money you don’t currently have, you can gain your points or whatever, but it also helps build credit a little especially when you’re like me in your early twenties

[@CarolJoyable]

IF you pay off your CC statement every month, you aren’t losing anything. The trick is to pay them off.

[@jamesthetruth9351]

If you pay your credit card at the end of the month, it’s like you actually have one month loan from the bank and you get the credit card benefits too. It’s a good deal 4:39 if you ask me, just make sure you let make sure you pay off your credit card at the end of the month, so don’t get those late fees on Extra charges and all that shit.

[@dayday95644]

Love this!!! Please never stop making these 😍

[@Empowerindividualsinfinance]

- Budget money - Get out of debt - Foster high quality relationships - Save and invest - Be generous

[@joannmannarino8898]

I work in education and I strongly feel this is the stuff they need to be teaching in high school. My son is in 9th grade and he’s taking algebra 1. 40 years ago when I was in 9th grade I took algebra 1. The world has changed SO much in 40 years but they are still teaching algebra 1 in 9th grade and guess what. In 40 years I have NEVER used anything I learned in algebra and neither will my son or 95% of the other kids taking it. They need to teach kids about how to budget. Teach them about finances and investing. Teach them about the stock market. Most people don’t know anything about this stuff and think they can just borrow the money. I have never and never will have credit card debt bc if I can’t afford something I don’t buy it but the majority of people don’t think that way.

[@user-yd5ge7zn8q]

Yes let's just stop teaching maths cause nobody in finance needs to use it

[@inspirationalvoiceactress]

Thank you for making this point. My mom (she adopted me) came from another country but handled money better then my dad ever did. He drowned himself to debt until the day he passed which he passed almost a year ago coming up in October. I plan to teach my children things I had to learn on my own like creating a budget, how to avoid credit cards or keep low balances. And everything you've said to teach them. Because I wouldn't want my children in debt growing into their adult hoods like I was. My father sadly used my identity while he abused alcohol and it took me until my mid 20s to pay that 10k off.

[@spotsandme1968]

Gazelle intensity! "You Gotta RUN!!" heehee! I love it! :D

[@sedricmalonejr]

No vacations while in debt. That's real talk!!

[@peterwatson5847]

Real talk, keeping it real poverty to millionaire.

[@rosemcmanus1023]

My grandma would never think I needed therapy for being frugal. She grew up in the Great Depression. I could turn all the lights out for the next month and she would probably sigh in relief and feel peace.

[@ash345a88]

So, how do you create sinking funds effectively? Especially when it comes to inflation, etc? Do you still put it in one big accout, do you have multiple accounts? Do you take it out in cash?

[@ThaoTrangPhotography]

I love watching the best playlist all in one episode! Do more please!!!! 💕

[@JB-lk4zl]

"Put the kids on craigslist" 3:40 . So, I did.

[@junechang6915]

Oh no, kids on Craigslist

[@jimmymcgill6778]

No one ever said you will get rich over points or cash back. That's a straw man argument.

[@themalonez7035]

Ramsey is one of the very few reputable financial literature spokesman

[@Clauds71]

Dave Ramsey cracks me up 😂 but I’m so grateful for his/their advice 😊🙏

[@patri_mb]

😂😂Dave a comedian. He’s funny

[@rdmaker3]

Hello Dave. It is simple and powerful your motto, "Live on a budget."

[@tmiller584]

Dave’s advise is for people like me. People who don’t carry a balance and can control themselves… me unfortunately I can’t. Hoping to be debt free in 2 years.

[@luminousblue1539]

loved this specific episode

[@NovaCruz40]

I’m working on this and then trying to have the mindset to collect moments not things.

[@nickywaggs8672]

IF …. you’re able to get your spouse on board. Let me tell you, it’s not possible without you both being on board. Super frustrating.

[@carloscordova6304]

Yeah man it’s so difficult

[@fatherlegion8386]

Love it when Dave gets real.

[@matt0844]

Most people will try to get something out of you before they give you something Dave just want to help you get out of debt and stay away from debt, ever since I start listing to Dave I pay off my 16k car payment in a year. I will never get into debt again, honestly I’m planning to saving up and buy a house instead of getting a mortgage at this point

[@fahmiirfan6923]

If you have the income power, that's good. But a house is on a different scale than the 16k debt especially in this property bubble price thing

[@bite-sizedshorts9635]

You might want to work up to the house. I started by buying a used mobile home and renting a lot. The next step would be to buy property and put the mobile home on it. After that, you can build a house in stages as you can afford it. There is a huge home on Hwy. 17 just outside Vanceboro, NC that was built in stages over a number of years. The people never went into debt and just did what they could afford. Now they have what appears to be a mansion compared to other homes in the area.

[@xavierbeats7988]

It’s true what he says, people really do pay for common sense

[@CharleneCong]

Great job Ramsey!! I just launched my personal finance KZbin channel, and your video served as a fantastic source of inspiration! 🥰

[@AuthorJaymiMozeak]

That's a hilarious excuse! "Well, Dave Ramsey isn't sophisticated." Lol! Well, I'm not sophisticated either. Dave is an honest-to-goodness real person, like me, and he just found something that worked.

[@AuthorJaymiMozeak]

@TheRamseyShow-Highlights do you know this person?👆

[@Charismafire]

It's the intensity, nothing else. I quickly put way more than $1000 aside....then the rest. All steps boxes checked. Just do it. Thx Dave, but I did it

[@Christina-yw1dk]

This video was very informative and he has a great sense of humor!!!!

[@hookmeupken2190]

Beans are very healthy and are a regular part of the diet of many cultures known for longevity of life.....without all the added sodium and oils is the best :)

[@cedricnora4481]

“Self-awareness is part of the process” applies to many areas of life, one that stands out is drug addiction. The average addict has a palpable lack of willingness to look at themselves from the 3rd person and acknowledge how they set themselves up for failure with every decision. The quote I used above is a precise display of a mentality that could be very beneficial to hundreds of millions worldwide.

[@Savvynomad225]

I disagree on the credit cards, but only if they are used for bills you pay anyways like phone bill and insurance

[@karenbanogon3244]

I use credit cards coz of the perks. I pay the whole balance when due. The money perks I redeem and it reduced the whole balance 😊. So basically those items i bought where price reduced because of the perks. Wheras if I pay debit, I don't get the perks. I used to do debit before.

[@jbexpress1]

Just came across this, very good info. I WILL be following these baby steps!

[@leaving_marks]

I love Dave and he gives a ton of good advice but the one thing I will never understand is his advice for not using CCs at all. Yes if you are prone to overspending and carrying a balance you should not have them. And maybe to the older generation it causes them to spend more cause they think its not their money. However, for me and my wife we are more careful with CC transactions because everything is automatically logged into our budget. Cash transactions are not. Furthermore, if you think of CCs as your money and just use it like a debit card it is no different. No you will not get rich with them. But having $30-50 every month to spend on something you needed and not have to pay for it is great. It is not you that is secretly paying for it, rather the fees that the merchants have to pay to the CC company for accepting their CC.

[@amireallythatgrumpy6508]

Almost everyone has zero self control. You are in the minority if you have it.

[@leaving_marks]

@@tnmtnmorning1178 Maybe for you, but for me spending with plastic is a lot more painful than cash.

[@LegendaryLeo_GG]

If you are so disciplined why are you listening to Dave in the first place you should already be debt free.

[@leaving_marks]

@@LegendaryLeo_GG Dave’s advice isn’t limited to just getting debt-free..

[@amireallythatgrumpy6508]

@@LegendaryLeo_GG Dave is one of the few entertaining Americans on the planet.

[@KarinaMartinez-oh3ho]

I save around 22k on my deb card, then I apply for a credit card because I wanted to have some credit and I loose almost all my money pay that credit card because I didn’t know the game how to use, so now I’m working hard to get back on and finally finish pay my card. Hopefully this video help me to do better.

[@jenniferbrown787]

I've been in this frozen position. I'm overwhelmed with what to do. I'm worried about not having any in savings at age 60. Retirement is not in my future as of now.

[@trainwithmeag]

Love your channel -from Canada 🇨🇦

[@maureenvallieres3555]

Love you show! Dave! $$$🙏amen!!!

[@reneehenderson4818]

Sorry that you went through all "that" when you went broke and into financial distress. And somehow you made your distress into my gain. Actually into my husband's and my gain. Thank you.

[@ReMona_Santania]

Put the kids on Craiglist 😂😂 Ramsey... No. U are way too savage 😅

[@FreethemGuyz]

27:40 when Dave 😂😂😂😂😂😂cross his arms😂😂😂😂and start in😂😂😂i see my dad... and im on the floor laughing 😂😂😂😂❤❤❤❤grow up ppl

[@hassanarafat6430]

Great & informative show. Thank you Dave !

[@Beanz8907]

Just gota be more organized. Write stuff down, put it on a board in your home. Focus on it and continue to build

[@DJCBL1518]

I am on Baby step 1 & 2. Looking forward to being a millionaire by age 35!

[@Thegaoat]

The hardest obstacle for me is my wife. She is the one who always wants to go out to eat, wants to buy expensive purses, drive a nice car, go on a financed vacation. When I was single I would eat top ramen everyday and save money like a hoarder. I've recently been trying to get her to come around. I think the wheels are now turning. It's hard to say no to her however.

[@grudzien9784]

Dave, I am just about ready to call you guys! Just wanted to ask a question, in baby steps #2 the snow ball paying off credit cards from small to large-what do I do with the credit cards once they are paid off? Cut them? Close the accounts? Is that beneficial to close the account? Each one after it’s paid? Plz advise! Thank you so much! U guys rock

[@joycemckenzie5723]

hes going to say tear them up

[@grudzien9784]

@@joycemckenzie5723 thank you! I thought you’d say that 😀

[@glennabushe39]

He definitely will tell you to cut them up.

[@miss_sunshine25]

They skirted the issue on the 2% cash back. Ex: I have to put Gas in my car I use a credit card because I can get 5% back. My cards are all paid every month. I am retired and disabled and I've been disabled for 20 years. I've learned to live on nothing and I get anywhere from 200 to $400 a year cash back on what I needed to spend anyway. I don't spend more just because it's a credit card. I agree with Dave on just about everything else and I believe most people don't have the discipline they need with credit cards. But I think there are some exceptions to that rule They may be very few but there are some exceptions

[@bite-sizedshorts9635]

That cash back is not free money. You're spending much more than that each year in transaction fees. Find businesses that offer cash discount or charge the transaction fee separate, and you'll soon see that the card companies never lose money. It's wrong to think you're getting something over on the card company.

[@rayn1ful]

everytime i hear dave use that line about no millionaire ever made they're money from airline miles etc. always makes me laugh . i find it funny that people buy into this stuff .

[@amireallythatgrumpy6508]

Why would anyone want airline miles anyway? Travelling is a WASTE OF TIME. Oh yeah, and money.

[@rayn1ful]

@@amireallythatgrumpy6508 yer right but people buy into this nonsense all the time.

[@iPervy]

@@rayn1ful Also limits what you can even redeem on for no extra real value. Atleast with a cash back card you can use it for whatever including flying. Travel points its only for flying and sometimes a overpriced hotel.

[@CM-jt6us]

Do I add collections and charge off debt to my debt snowball? Or make two debts snowballs;all the accounts that are open and then all the collection and charge off ones?

[@lfuentes4098]

26:45 haha, my sons shop teacher had missing fingers. Better believe the kids paid attention when he said follow the safety rules.

[@cks5631]

Listen little baby child…😂😂😂 love it!

[@raulmarroquin3848]

How Ramsey pay for hotels without credit card, this is a legit question I always been ask for a credit card when staying in hotels. Thanks for your awnser. From Edmonton Alberta

[@katiefinch9414]

I guess I don’t understand the credit card thing. I put my utilities on my credit card each month and use it occasionally for security reasons if making an online purchase. It has a $1500 max, which I’ve never approached, and I’ve never had a late payment or carried a balance. I’ve used it for about 3 years and have a good credit score, and while the rewards certainly don’t make me rich, I use them for an extra discount when I buy gifts at Bath and Body Works lol. I want to know if I am losing something just by using a credit card, or if this advice really revolves around the temptation to spend more than you have.

[@andrewsilvia9389]

King Dave 👑

[@Gnarlycaveman]

Dave i need a bass boat so I'm able to focus on making more money

[@nsant]

I need the latest flagship Mathews for the same reason

[@joshwilson6473]

I love when Rachel is Dave’s co-host. They just are great to listen to together. I feel like she kinda pushes Dave to get extra fired up.

[@CJ2023Incognito]

She is one of my favs too :)

[@laurijohnson7754]

She rolls her eyes when he starts his rants! I love it

[@kingsdominionministries-gc9570]

This was amazing. Thank you!

[@ashwinidayal8333]

My 401k has a Roth option with matching. Is that good enough so that I max out on that option?

[@johncalhoun6765]

I have 55k saved and owe 42k on my car. I'm terrified of dropping a check on it.....

[@aguen5213]

Please do a show about reverse mortgage…this topic causes us arguments because we don’t agree…thanks you are a gift from God

[@stephfortier8946]

If I put my necessities that I am already going to buy, there is nothing wrong with throwing it on the card and paying it off weekly. I need to be approved for a mortgage, they look at your credit. I’m 24.