Can You Build Wealth On A Modest Salary?

[@isaachunt5799]

live well within your means. nobody needs a huge house nobody needs a flash car i'm a construction worker. 500k house long paid off 2 new cheap cars paid in cash 100k in investments. 80k in the bank we can all do it

[@BrewNoCarbs]

Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!

[@dianevessels2632]

I sold my home in California and moved to Arkansas and paid cash for my new home. Selling my California home 1:21:36 reduced my debt by $120,000. My car is a 2008 Chevy Malibu and is paid for. I’m 71 years old am working part-time as a self-employed residential energy analyst and draw Social Security. Prior to selling my home and moving to Arkansas I was diagnosed with breast cancer and Parkinson’s. I’ve had a double mastectomy with reconstructive surgery for the breast cancer and a brain procedure for the Parkinson’s. So now that the health concerns are solved I’m working on baby step one. I’ve cut up my credit cards and making minimum payments on $20,000 in credit card debt until I’m back to having the $1000 for emergency fund. I enjoy your show and want to thank you for everything you do.

[@loucaribou7765]

Wow what a warrior

[@laurafratoni7931]

Reconstruction peeps are hard core. I would say goodbye and rock the camisole.

[@ebonypenguin2899]

Best wishes from Australia 🦘. Take good care of yourself 😊.

[@heatherlott1342]

Problem is no one wants the California ideals in the rest of our country. Trust me you will ruin Arkansas.

[@paulysoprano1860]

Why arkansas?

[@amberphillips9059]

Hearing Dave say how much he hates HOAs was music to my ears!

[@thehedgerow]

I make 36k a year. I’m by myself and live on less then $500 a month. I live in the country and grow my own foods. I absolutely can save enough and be happy! You have to make changes and choose to not keep up with the jones! I also have no mortgage and no truck payment.

[@bhe8336]

Good for you. This is the key to happiness. Because you can still save and be comfy on that standard of living.

[@AvecPoesie]

I have no mortgage and no vehicle payments, as well. I have fairly low expenses and no desire to live a more grandiose life. I feel at peace for the most part financially. 🖤

[@thehedgerow]

@@AvecPoesie that’s great! I think most people refuse to live within their means.

[@Oneasianpersuasion]

This is inspiring ! For me, I want to work a job I'm passionate about even if I don't make much and I can live well below my means cuz I don't like to spend money 😅

[@thehedgerow]

@@Oneasianpersuasion perfect!

[@christinehopping]

I am single on clerk salary debt free own a house in California Los Angeles county, net worth >$1million with no family no government assistance. America is truly the land of opportunity.

[@catherineskis]

Thank you for telling me your story!

[@dana102083]

If youre not sick anyway!!

[@xman7688]

How much did you buy it for? I think those type of opportunities have died for the youth 😢

[@catherineskis]

@@xman7688 the youth just want to party and want no hard work

[@xman7688]

@catherineskis Well, In 2003 my colleague's father bought a home in SoCal for 425K. Today that home is worth 1.25 Million. All the homes in the area are 1-2 million. As a young physician, where the cost of entry into the field has now increased 4-5x, and the length of training is over 14 years, Despite earning well over 1/4 Million/year buying a home in his neighborhood is unattainable.

[@dianem4188]

So many happy tears for Jacqueline. PLEASE keep telling your story. I'm so sorry for your loss. You are a hero!!!

[@mihy26]

Tenacity over hardship! Jacqueline's journey is FAR MORE inspirational than the ' $x00,000 debt, making $100k-to-$250k paid out in 1.5 or 3 or 4 years free.

[@margie909]

Yes!!!!!

[@Camie2030]

True. Amazing grit and dedication. I was truly sick of those 200k plus income people paying off those other debts too.

[@schmittytrucker3845]

I loved her story. She went from Chase freedom to Jacqueline freedom

[@djups0686]

1:45:05

[@SJhikes]

I jumped over from the podcast because I just had to see Jacqueline, the HERO, do her debt free scream. What an inspiration. The American dream is alive and well.

[@ruthfisher2310]

Jacqueline’s story brought tears to my eyes! Congratulations 🎉

[@jennafairhaven9084]

I cried.

[@danyohashii]

20 years ago I was convinced to get whole life insurance. After listening to Dave and discussing with my 24 year son(he assured me that he doesn’t need any money if I died now as he makes great money) I cashed my policies and now I am investing that money for my retirement. While he was little and in college it gave me peace of mind. Now I am just investing in myself.

[@jonquis07]

Dave be cutting them phone calls off.😂

[@Qwazier3]

Never ever ever would I buy a home with an HOA. Know too many people with horror stories. I myself had gone to look at a condo before I knew about the HOA issues. When they handed me a phone book size rule book and back in the 80's phone books were 3 inches thick, I politely handed it back and bowed out the door. Glad I listened to my gut feelings on that.

[@athenakeesee9548]

I've listened to so many debt-free screams and this one hits like it's all new to me. I could have listened to Jacqueline tell her story all hour. I hope she continues to motivate others.

[@kellynewman862]

Ms. Jacqueline has set a tremendous example for all of us no matter where we are in life. I was honored to hear her testimony! May you & your families lives be far more blessed Ms. Jacqueline in your latter than in your former!

[@Stephiesma]

I love Jacqueline’s story! Finally a real rags to riches single mom story whos doing a regular service job. What a lady. Her struggle with debt is relatable and someone we single moms can look up to! she “chased Chase out of her life”😅👏

[@fantasticforties]

Jacqueline would make an incredible Ramsey personality. The prison ministry idea is inspired! What an exemplary woman. ❤

[@Granzteelvids]

Jacqueline's story is very relatable in our today's society. We need more Jacquelines in the world!

[@thesecretlifeofwonderwoman]

I love Ken's contribution so much. I would love to be able to sit down and talk to this man. I have vocational issues that I've had difficulty with for a very long time and I just know that Ken has the wisdom and clarity that would give me the insights that I'm looking for

[@TheOddOddish]

Man, Hearing Jacqueline's story and success with just Being About it and not talking about it! She is so brave, and almost brought me to tears hearing her story of NEVER Giving up! She is such a strong woman, and is someone I will think about when im in those weak moments, and feeling like giving up! WWJD? What Would Jacqueline Do? ❤ Thank All Of You Guys! New watcher finally. I knew of Dave, but was scared of the work I knew I was going to have to do, but I am ready, especially after seeing folks like Awesome Jacqueline get it done and show its possible! Thank You!

[@rnarzu]

Thank You Dave Ramsey - being poor doesn't make you a good nor honorable persons. All rich people are not evil nor are they right.

[@davewarrant8673]

I'd like to personally thank Melanie from Phoenix, AZ for calling in. I absolutely love seeing Dave enthusiastically saying "That's a GREAT IDEA you thought of everything.". That usually happens when someone calls in and they've paid off debt, or their house, or they hit EDM status.

[@Tara-bl6mb]

Jacqueline. You are wonderful. A true testament that this works!!!! Sorry for your loss. You are a true inspiration.

[@HairwithMonica]

😢😢😢Jacqueline Story made me cry 😭 😭😭What an Amazing story!!! Help me Yahweh to get out of my DEBT 💸!!!! Soooo proud of you Jacqueline!!! May Father Yahweh continue to bless you more and more 👏🏽👏🏽👏🏽

[@formula112967]

You can feel wealthy and save while making $35k, if you live in an area of the country where everything, including home purchases and rent, are cheap. It's not how much you make, it's how much you spend.

[@Caliabra]

Yeah 35 k in Oklahoma is different than NYC

[@AmyBethB]

​@@Caliabra in Oklahoma the $35K won't even pay rent hardly at a decent place.

[@jackkennedy1936]

Credit Card paid off this morning, truck is next 1 yr goal $26K. Got $4000 set aside for now and will build that as the Truck company takes their regular payments every 2 weeks, I put extra payments into high interest account for now and make a nice big lump payment next April/May and be debt free..

[@dawsondanny990]

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

[@Robertgriffinne]

Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.

[@smithlenn]

Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.

[@ivankagel9949]

The concept of using spreadsheets has always seemed incredibly time-consuming and superfluous to me. Each month, I simply deposit a large sum of money into my savings accounts, retain my spending money in an other account, and make an effort to spend as little money as possible.

[@dawsondanny990]

@@smithlenn How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@smithlenn]

My adviser is “Kate Elizabeth Amdall” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.

[@lindawilson4625]

For that last caller-There are many places that will allow you to change bill due dates to better fit your payroll dates. It's worth looking at.

[@BonnieSetliff]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@BonnieSetliff]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years,

[@BonnieSetliff]

Having a counselor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.

[@the90sinfluence]

Lol

[@MR-xk1ki]

Thank you Dave for clarifying mortgage payment “After taxes only” that’s a big game changer. I also calculated incorrectly mortgage payment after taxes + deductions.

[@kristentrohkimoinen]

I wholehearted disagree with Dave when he says you can just go find a higher paying job or a work from home job. They are very hard to find these days because everyone wants to work from home. He is definitely put of touch with reality on that issue

[@Test-eb9bj]

Totally agree. And even other „simple“, part time jobs might not be available just like that to you depending on where you live. Or due to age - try to get hired as a housemaid or waitress if you are 50+.

[@KushWings]

@@Test-eb9bjthere’s plenty of old people jobs you guys all just think it’s “beneath you” to be a parking attendant, security, custodian, but of course old people think they all deserve executive jobs just for being seniors

[@Paperovercoins]

​@KushWings all those annoying blue hair, disgruntled, set in their ways pieces of garbage can go. They are all angry and impotent

[@kellyesposito2748]

Plenty of old people are working in fast food, retail and gas stations in Florida and they all start at 14.50 per hour. They usually work 2nd and 3rd shift too because it's slower and allows them to sit through most of the shift in smaller towns.

[@laurafratoni7931]

I live in Massachusetts and my local home owned grocery store has a bunch of non English speaking people now on work visas because they said they can’t fill the jobs with anyone local, and they pay really well.

[@KatherineAnderson-lm8bw]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[@alicebenard5713]

That’s crazy, I’m just doing everything wrong with my portfolio.

[@philipcollen482]

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.

[@blessingpaul5484]

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

[@SophiaBint-wj8wn]

Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

[@PhilSommer2]

Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)

[@trazzpalmer3199]

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

[@graceocean8323]

There are tactics that could be implemented for consistent gains independent of the economy or market conditions, but such executions are often carried out by experienced investment specialists or advisors.

[@tampabayrodeo2474]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@MattDouglas-hj9wh]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@tampabayrodeo2474]

"Carol Pasol Lewis". You can easily look her up, she has years of financiaI market experience.

[@kevinhaun1]

Jacqueline is the true example of what it feels like to have no chains, and to not be a slave to debt. What an inspiration!

[@brucema38]

49:00 min in... I live in Albuquerque. Good place to get robbed. Be careful here. Cheap school is a positive, but I wouldn't want to raise kids here. We are last in alot of good things and first in a lot of bad things. Get a house in a good neighborhood. Maybe Rio Rancho. 2k plus a month but worth it. Don't move close to the university. Pretty pockety and easy to get into a crime zone. Avoid Central Ave For 2 blocks at least, north and south, throughout the city and you'll avoid alot of the crime. Good luck and welcome aboard. We need medical people here.

[@pennybentley5125]

Jacqueline WHAT AN INSPIRATION 🎉 Congratulations 🥰💐

[@lanier1747]

She was charming! I’m thrilled for her!

[@suongho6585]

wow Jacqueline said no excuses! congratulations much success to you and your family what an accomplishment!!!!

[@hannahhossner5460]

Ken’s faces are the best 😂 I feel like I’m looking in a mirror when I’m watching him

[@nils704]

The lady from Dallas is wonderful.

[@pooroldlu]

I am not saying this because I am in need, for I have learned to be content whatever the circumstances. I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. Philippians 4:11-12

[@monicamoray5462]

“Chased chase out of her life” that’s a word!!! So inspiring

[@katmarie128]

Jacqueline you’re a hero!!!! What sad but great story. Congratulations on being weird🎉🎉🎉🎉🎉🎉and Happy Birthday 🎂🎈

[@JosephReynolds522]

I'd be retiring or working less in 5 years, and I'm curious how others split their pay, how much goes into savings, shopping, or investing; I earn roughly $250K per year but have nothing to show for it.

[@WilliamHarwoodx]

You can invest some of your earnings in stocks with market-beating returns and shares that at the very least keep up with the market over the long term. I urge that you seek the advice of a broker or financial counselor for a successful long-term investment.

[@ElizabethGalvin1]

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@esther.74]

@@ElizabethGalvin1 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@ElizabethGalvin1]

Laura Marie Ray is my adviser, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

[@Adukwulukman859]

@@ElizabethGalvin1 Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Pennyk900]

It's not about what you make. It's how much did you save.

[@sheldonevans8465]

At the very least, I understand what leverage is. Making money and financial freedom isn't as difficult as many people believe. Building wealth and maintaining financial stability indefinitely is much easier with the right information. Participating in financial programmes and products is the only true way to earn a lot of money and stay wealthy

[@Mathiasabt5765]

Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.

[@anneschneerer3578]

That is why I work with Joseph Sylvan Anderson, who introduced me to a better financial community, a verified agency where I learned about money and how to make it, and free books, courses, and daily lectures. You can also meet new people, which was the best decision I ever made.

[@adamsynder6300]

I've been making over six figures passively investing with Joseph Sylvan Anderson, who showed me the right community to join and grow my finances, and I don't have to do much work. I will always make money, even if the market is crashing.

[@louwegner3175]

He does appear to be very knowledgeable about this subject. I discovered his online page after conducting a Google search for his full name. I read through his resume, educational background, and qualifications, and it was very impressive. I left him a note and scheduled a call with him.

[@cadenkerr873]

Working with a financial advisor who has long worked in a solid financial firm, such as Joseph, will actually set you up for life success. I'm glad I was able to reach out to "Joseph Sylvan Anderson" earlier this year because, while others were complaining about the market's downturn due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always a good idea to join the right community.

[@HabibaDima]

Work for a retirement company. You can submit extra payments on a 401k loan while you are still employed by personal check, money order. Or you can pay in full

[@PNJohnsonIV]

Jacqueline is amazing. A true warrior.

[@tammybolick8972]

Jacqueline is my hero!

[@SMetz-cw6qj]

Congratulations to her!

[@sl4983]

Note to self, NEVER buy a condo.

[@MariaGarcia-gj5ie]

Selling mine

[@OopThereItIs77777]

Michael Scott sold his on Ebay

[@Camie2030]

Not true. If thats all you can afford at the time. Better to buy it and upgrade later or pay off down the line. Should you continue to wait, never know where the market will be and you may miss out on purchasing a home.

[@patquinnquinn9503]

Townhouse much better, usually low HOA or sometimes none

[@roryiswilder]

Anything with high maintenance fees are a loser. Especially if it's an "investment property" and you're upside down every month. Just like throwing money in a river. ASSETS and LIABILITIES that's the REAL name of the financial game.

[@merlincontemplation]

Each employer-sponsored plan document is different. Some plans only allow for lump sum loan payoffs, while some allow for partial payments. Other plans don't allow for loans at all. It just depends on the plan's Adoption Agreement.

[@Hopeonfyre]

Do you know I’m glad Ken spoke up here because I know a whole lot of people in mental health right now at least in my town that make 40,000 to 44,000 and that’s not dumb it’s called saving peoples lives just because you want to be rich doesn’t mean it’s going to happen automatically there are fields that pay lower and if you work for a nonprofit that’s the way it is depending upon where you live

[@DevHazy]

Me lol

[@jasondima1411]

Same here! This is why we the people love Ken Coleman

[@Jay-ry2nk]

Well spoken queen

[@alandalemorris]

@@DevHazypppp😊p😊p😊pp😊p😊p😊p😊p😊😊p

[@kstraigh5991]

And/or in higher ed for a state school or even like they said as a teacher

[@GaryTheExpert]

In July, October 4th now. I had €11,000 in debt! Today I have €456 in debt, about to be paid in 15 minutes and will clear my debt!! 🎉

[@bettedavis9261]

1:57:20 I'm surprised Dave and Ken have never heard of companies having a 2 week lag time from the end of a pay period until a person is paid. For example, at both my husband's and my jobs, the hours worked from Aug. 1-15 aren't paid until Sept. 5, thus a 2 week gap. That's how all of our jobs have ever been paid.

[@bjjeffries1412]

Because this caller was a real world scenario! I too have 2 week lag time pay periods,get paid weekly. Its annoying trying to track accuracy of hours and money being weeks delayed!

[@charlespierre-francois9053]

I love how they can professionally debate and find middle ground

[@sl4983]

11:50 Elizabeth from Boston asking about life insurance, good info. "If you have a life insurance need, it's a necessity, not a baby step". "Not necessary if you don't have someone depending on you, except for burial costs." "$25,000 is sufficient". Just taking notes!

[@Trustbutverify2651]

I disagree if you don't have someone depending on you. By the time you do, you will have missed the chance to get the lowest rates. Buy young for a long term - cheapest way to go!

[@sl4983]

@@Trustbutverify2651 25 year term?

[@OopThereItIs77777]

@@Trustbutverify2651Your life insurance is not accurate, it’s not effective. You are supposed to be updating it with life events….

[@Trustbutverify2651]

@@sl4983 Depends on how old you are. 45 - 65 are the "danger" years when folks develop unexpected cancers, heart attacks, and diabetes. After 65, people can obviously get those diseases, but your cells are older and multiply much less quickly than when you are younger. So we got term life insurance to get as close to 65 as we could because if you're out of debt and your mortgage is paid, you can actually live quite cheaply and with a Medicare supplement plus Medicare, health bills are not overwhelming. For example, my Mom is 95 and pays about $300 a month for a Medicare supplement. With her Medicare Part B ($164) that puts her at $464 total per month for health insurance That sounds high until you figure in that the shots she gets in her eye each month for macular degeneration would be $3,000 each month if she didn't have that extra insurance and she doesn't pay a cent for all her health conditions (eyes are only one of them.)

[@IAmDeGroots]

Maddie from Lansing - just be patient and stop over bidding (unless you can legit afford it). We looked for a house for 4 months and found a nearly perfect one that was way overpriced. It took a month before they accepted our offer because we weren't going to go over our budget. There are tons of houses in the market, but you might need to lower some standard. If you are worried about crime, go ask the neighbors if the crime is random or directed. I lived in Old Town for 8 years and the crime was almost always directed, so me and my direct neighbors didn't have problems because we didn't have those sort of connections or people in our lives. If you don't have kids, it might be worth getting a house in the middle of Lansing if nothing shows up before you "need" a house. Overall, though, wait for the gem to pop on the market and don't get desperate. Also, be sure to have a Ramsey agent in your corner. We used Chad from ReMax for buying and he was awesome and knew houses (which is how we knew to look at our house despite being out of our budget - he knew it was overpriced and being sold by a new agent).

[@jwesKeys]

Wow debt free interview was a testimony! God bless her!

[@michellebaily-defina644]

❤️ jaqueline!! What an inspiration!!

[@lilibethvilella]

Love Ramsey’s honesty & forwardness 😂😬🙃

[@tommiestone8464]

Love both of you guys. Listen every morning before work.

[@chelyscorner4038]

DAVE I LOVE THE DEBT FREE SCREAMS THEY MAKE ME CRY OF JOY ALL THE TIME.... THANK YOU FOR CHANGING SO MANY PEOPLES LIFES INCLUDING MINE IM GETTING IT LIKE YOU SAY. GET IT!!!!!

[@nessapalmer5316]

Love and hugs to Jackie. God bless you!

[@cornflowertoile3026]

Wonderful story with Jacqueline, shows how it’s done, wish her all the best.

[@marysaltlife1427]

Jacquline is fabulous! Love her shirt speaking our Truth!

[@photoman3579]

I've never had a car loan, If I cant pay cash I dont buy it, my friends drive around in cars they think they own some look down on my car, but I'm happy it does the job well for me..!

[@MollyMA13]

1:52:39 talk is cheap, action are rich

[@monicadhenderson8670]

Wow JACQUELINE!!! You are a Rock Star!!! ⭐️ soooo proud of your accomplishments ☀️So sorry you lost your hubby!! Thanks for being a great Mom & Grandma 🙏🏽🙏🏽🙏🏽May Father Yahweh continue to bless you!! I pray 🤲 I can accomplish being debt free!!! 🆓

[@Our22qJourney]

You can usually change a bill date one time so you can change the due date to coincide with your first or second check of the month.

[@GrandMa-hm5mb]

I knew a man who worked as a manager for Sears & Roebuck for his entire career. No college education. He was worth well over a million when he died, having invested well his entire life.

[@RosaGrau2014]

Social Security in the US is three times what you get in Spain. Petrol here is €1.6/litre. Education is generally affordable.

[@dachater1]

I wish we had a South African version of Dave Ramsey

[@Mybelovedcountry]

I'm SAn living in the UK. I adapted Baby Steps since February 2024. I'm on step 5 and not taking vacations; dining out and living on rice and beans (plant based diet). My goal is to pay off my mortgages in London and in Cape Town within 5 years. I'm doing a £5 challenge a week saving for vacations next year. Best wishes my fellow SAn.

[@sheenyang3225]

To be honest, super respect to the Show and how much the show has been helping people to get out of the debt. However, the team has misunderstanding of PhD / doctoral programs vs Master programs. As results, several times give wrong suggestions. I hope the kids who called in also sit down with the PhD advisors and other alumni who graduated from the same schools or programs, and got further information and comparisons.

[@neverbrokebudgets2612]

I'm so encouraged Thank you mrs jacqueline God is so amazing!! I truly have hope watching you

[@Historyteacheraz]

The best way to build wealth is to start early. Even with a small amount. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good book.

[@Patriciacraig599]

Taking early notes from Warren 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 $300K for sometime now, I would greatly appreciate any other suggestions.

[@Natalieneptune469]

It's more challenging to create a strong financial portfolio, so I advise you to get help from a professional. You can then receive strategies that are specifically suited to your long-term objectives and financial aspirations.

[@PhilipMurray251]

Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2016 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.

[@Robertgriffinne]

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?

[@PhilipMurray251]

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

[@Robertgriffinne]

she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@River_wylde]

4:44 companies rarely give raises and also moving to another company doesnt often help

[@pacasytc4336]

What are your thoughts on sowing and reaping??

[@Kosree1]

To the caller with $26k in student loans.. No. Absolutely DO NOT pause [all] contributions. However, he said he was contributing 13%+. Take the match. Take this from someone who took hardship withdrawals and/or paused, and therefore lost over $275k in FREE future value money from their employer. There’s always something else that you were spending stupidly on that you could pay your debts on. And, this is coming from someone who had more debt and half your income.

[@rodneypoole1427]

Sure would like to have a few beers with these guys!

[@msparr01]

The question, "is it still possible to live a successful or wealthy life while making $35k/yr". Joseph's question didn't include the premise of any vow of poverty. 99.999% of people don't think that way. As a guy that supported a family for many years making between $30-40K with something always breaking, I can say unequivocally that, NO, you can't. I worked A LOT and I worked HARD and am convinced that if I had worked baby steps I would have been on baby step 1 for 25 years. We were never in much debt and my primary driving force was to figure out how to make money faster than disasters could take it away from me. I never changed what I was doing but one day everything around me began to change and now, at 64, live a really good life. But I lived through a lot of hell to get here.

[@jonwiley2592]

4:33 I hate this because Dave didn't answer the original question. He changed the question and provided an answer to HIS question. Of course, we all want to make the most money possible. Yet is that the reality or possibility for everyone? No!

[@michaelgeraghty953]

At the 1 hour and 12 minute mark they are discussing 401k loan. My employer allows you to make extra payments on 401k loans.

[@ROCKETS2965]

This is why you avoid an HOA at all costs. The entire concept of paying full price for your house and then paying somebody else to tell you what you can and can't do with it is absurd. You're already forced to do that with the government.

[@ironsmanYT]

Lol Dave needs his cohost, they definitely level him out😁🤷🏾‍♂️

[@monicadhenderson8670]

Its Best to get Life Insurance while you are healthy & young! So never to early to get life insurance. Doesn't matter if your single or married, with or without children!!!

[@motoryzen]

The entire purpose of life insurance was already explained...and shouldve obvious enough. If ta have NO children, aka no dependents togivr one last effort to provide for as youleave this world, it makes absolutely NO sense to buy life insurance That money will end up going to the government.....who among EVERY damn Possibility of ultimate numb scalles on this planet is the least deserving of a donation of charity of such a context. It's not rocket science. But, Hey, you go ride a hit. And you blow your money on life insurance? If you have no dependence whatsoever. You can send me that money if you would like.

[@ses-ei7oc]

I wonder if I could get life insurance to pass down $ to my cat? haha

[@tamarasnook]

Some 401k loans can be paid extra towards, it depends on the workplace and the arrangement. Also, sometimes you can continue to pay it after you leave the company if they allow you to.

[@robertthurmond8161]

I’m saving and investing around 70 percent of my income in the financial market(high yield etfs, stocks, coins, gold etc) pretty much how I made my first million although with an FA. I have a high paying engineering job, and I live upstate NYC. my expenses are low. I have zero debt, low rent and car paid off. So i can just save. feel lucky at this point I'm actually grateful for Lisa Rosa Cavanagh handling my portfolio, she's the only lady i know that's richer than me hahah!!!

[@donaldlocher2537]

Truly Stocks, ETFs and Mutual funds are the best investment decision you can make both short term and long term for steady money flow. Kudos!!

[@emilyhowe3359]

out of curiosity I did read about Lisa Rosa Cavanagh on the web, she has a great resume

[@ericwilde4583]

An everyday millionaire. Well done

[@harleycartley3138]

found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing a mail to her shortly

[@jerrygardner1468]

Great job with making smart moves in your investment

[@cindaladahling1706]

Way to go Ms Jackie!!!!!!❤❤❤

[@mvs5334]

Ramsey clearly does not understand how PhD programs or dissertations actually work. There are a million reasons why it can easily and will likely take 3 years to complete a dissertation instead of 12 months.

[@catanddog7477]

Thank you so much!💖 "What is dumb is the idea that the only way that you can do something that is about higher calling in that has meaning is to make no money. That is just not true! I help millions millions of people, I make a lot of money."

[@FrankieLovesElvis]

Dave, Everytime I get to $1,000 for the beginning of my “Baby Steps”, something happens and I end up back where I started. It’s happened 3x already and I just give up !!! Any advice would be greatly welcomed. A fan. 😊

[@naucticabrewster8468]

Keep going! You keep going something will happen. You keep giving up nothing will happen. Things are always going to come up! That right there should tell you having a EMERGENCY fund is vital. Good luck and bless you.

[@Mybelovedcountry]

Don't give up. I've had similar experiences numerous times. A few months ago, I was pleased that my emergency fund was £3000.00, but I had a gas leak and ended up spending £2000 for repairs. Currently, I'm doing a £5 challenge a week for an emergency fund and hoping by the end of the year, I'll have substantial funds. I'm able to focus on Baby steps 4 &5. 🇬🇧. Best wishes.

[@ginnysimonds9670]

Happy Birthday Norm! Just turned that very same age two months ago :). I think your idea of wearing a mask on the plane and perhaps the ship is a good one. We’ve just returned from a cruise and my husband tested positive on Day 2 (likely got it on the plane). The cruise previous had a proper outbreak of COVID. It’s generally not dangerous but can interfere with a good holiday. Happy travels.

[@scottcampbell96]

Wow, spammer bots really don’t give up. If you watching this channel, learn from the hosts, not from the “referrals” in the comments. Surprised Ramsey allows these to stay, given they make money from advising through their classes.

[@alhoy9146]

My god what a great great definition in the beginning of the program I love it I love it I love it I love❤❤❤❤❤❤

[@heavyd777]

I've only worked so I can contribute in other ways. It's just a means to an end. There have been times when the work has been very satisfying and literally saved lives but in general I wanted to make enough money so I could do the things I really wanted to do in life. If I could afford to volunteer my time 100% and help others with my skills, I would. Maybe when I retire.

[@Joce123]

I hear that Delta airlines pays $31 an hour remote work.

[@bullishvibe]

Dont ask Dave how he is doing. He is doing better than he deserves!

[@asalmansouri221]

There is no time line for dissertation because it depends on many things

[@richardt1792]

Can you build wealth on a modest salary? Yes, you have to commit yourself to saving & investing 10% of your savings for at least 30 years. Put it in a tax deferred IRA or 401K or whatever your employer has. Without even knowing your salary, that will grow to over a million dollars in 30 years and maybe quite a bit more. I did that and in 30 years, I had 1.4 million and in 5 more years without any additions or withdrawals, those accounts grew to 2.3 million.

[@CyrusZerbe]

Lucas definitely lives in Midland, MI.