Why Money Is Not A Math Problem! - Dave Ramsey Rant

[@johnmcho]

I worked at a major brokerage firm for years and I can tell you Dave isn't lying. I saw doctors and lawyers who were broke making tons in income and farmers who were very well off making less than half as much.

[@bluejedi723]

proof that advanced education does not equal smart

[@johnmcho]

@@bluejedi723 I grew up blue collar in southern Mississippi then went to the University of Oxford for graduate school so I've seen lots of different types of smart. In my opinion your morals and conviction are the most important followed by your reliability/consistency, then your smarts is what sets you apart. As Dave puts it, stop being stupid (ego, undisciplined, rationalizing, etc). Then math actually starts to matter after that.

[@kariatkinson4121]

Yes!

[@aznsumthing]

@@bluejedi723I learned that doctors and lawyers are no different than everyone else. They are happened to be good at one particular thing. It doesn’t mean they’re smart in everything they do.

[@georgewagner7787]

I earned 22k last year and do ok. I don't save a lot but I don't have debt except the investment property mortgage.

[@Joshmarmolejo_]

Thanks to discovering Dave Ramsey in 2020 I paid off $16000 of debt in two years. Now I have an emergency fund. Even though I got fired from my job a couple weeks ago I’m not so stressed out. When I got fired they gave me my last paycheck plus my unused vacation. Im just slowly making that money last. Plus I’m still looking for a new job and.

[@User_User706]

Thanks to Dave we paid of $45k and we have saved $200k saved for down payment, retirement savings and emergency fund. Thank you Dave you are legend

[@anhayes25]

Bro left us off on a cliffhanger.

[@gm2407]

Good luck with your next step, hope you get a better paying job with more satisfaction and suited to both your skills and personal growth. Keep on baby stepping.

[@lexalee5795]

@@anhayes25😂😂😂 he did lmao

[@JimmyMook]

Get a haircut and get a new job- from a song

[@JimmyMook]

I’m so mad at myself for not finding Dave earlier in my life. Found him in my 40s. Wish I would have in my 30s. But it could be worse! Now I have financial peace.

[@ryebread447]

So it wasnt too late for you? I wished i learned this when I was late 20s not well after myself

[@georgewagner7787]

I knew most of it inherently from my Depression era parents. If you ask Mom for a nickel for the candy machine she would say, money doesn't grow on trees. Or go stand on your head and spit nickels

[@bl2528]

Same

[@Wilky2526]

Congratulations - I know we have an entire generation, a significant portion of whom will never have financial peace.

[@Cloudyconfusion]

Thank you for saying this, I’m in my 30s and feel like it’s too late when everyone says “I wish I would have learned this in my 20s” this gave me hope 😊 🙏

[@steelcastle5616]

Got to totally agree with Dave on this. The problem for most people in debt these days is not how much they make, but their financial behavior regardless of how much they make. Most people will never be able to not out-spend their ability to make money.

[@Martz7]

I can’t thank you enough for everything you do for the people no amount of money in this world can pay you for what you have done! Thank you papá Dave

[@danieldpa8484]

Since I paid off all debt, my peace of mind got so much better! It’s not all sunshine but knowing I can buy cash an apartment or a car of my liking, that’s comforting.

[@iamcedricpowell8051]

Thank you! Struggling with my wife. People don 't get why we struggle. It is not money. No one wants to hold her accountable. It creates money problems. Love to watch the show because I hear what I need to hear!!!!

[@MtnMan-ny6vu]

A lot of people don't like the, shall we say, "not-so-sexy" approach to being debt-free that Dave's promulgated for YEARS, but I'm here to tell you; I am doing just that and in three months will be without any debt for the first time in over a decade. Ramsey's not joking when he says "rice and beans" and "a car you can afford." I'd call it a cheat code, but this hack is actually pretty cut and dry. It's been rewarding to work hard, save harder, and blow my debt out of the water. This stuff works.

[@janetd254]

I wish I would have found Dave in my 20s. But now I’m 33 and am debt free and have paid off my mortgage in full! Not having any bills other than the small basic ones feels absolutely amazing! Now it’s all about investing! I came from nothing and with no help from parents

[@jamielynch4618]

Really does feels good being debt free

[@mogamethanu]

If you paid off your *mortgage* at 33 and are debt free, it sounds like you did not need Dave, your home is extremely cheap, someone helped you, or you have a massive income and got “gazelle intense” in a very short time. Some of these comments are so bot-like

[@inversion_media]

@@mogamethanuyeah something isn't adding up - my $$$ is on the extremely cheap home or being a bot

[@hersdera]

Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@r3belz581]

China is not growing, it's almost in freefall, homelessness is up, unemployment is up, they have a deflation crisis going on, not even speaking about the ghost cities and several other major troubles. The world economy is already in recession, what is coming is closer to depression of 1930's

[@blackphillygal]

Glad I found Dave a couple of years ago. Paid off $85k. Definitely changed habits. Totally changed me.

[@rocknjock872]

I agree about changing your identity. I found my identity flipped in a bad way when I finished school. I made more money than I ever have and because of that I felt rich. In reality, I was far from rich. Recently I have flipped the script on that identity and realized the way I was living financially and in my career, was not going to lead me to the life I want to live. I own a 90's sports car which I kept because it was my first car. It was also my therapy to work on, and although I don't owe any money on it, it is costing me money...money that can be put toward helping me get to the life I want to live.

[@tranger4579]

They way I see and the way i explained it to my younger co workers. I work because I want to not because i have to. More debt equals working longer and harder.

[@berbabrinkley2206]

Dave, my husband and I were married almost 60 years ago, and he made very little money, but we had absolutely nothing. And we sort of lived that way for the next 20 years . Except, we had some things, eventually. If we didn’t have the money , we did not buy it. I had friends who mentioned “ that neighbor is so rich; they have a pool, a boat, they have that new car blah blah blah. Yah right, you know what? they were broke.! I know the saying, I have champagne taste on a beer budget. Fortunately, now we shave a beer taste on a champagne budget. My son has had a dental practice for about 20 years. The best advice he ever got in dental school was from his financial advisor who spoke in their school and told the students, you need to live now like a student so that when you graduate you can live like a doctor.. the best advice I have ever heard, and I just wish more people would follow that!

[@Cloudyconfusion]

I love how you flipped that phrase! I want to live with beer taste in a champagne budget too now!! It’s so strange tho being young the pressure to enjoy while you can and to live it to the fullest before you can’t physically or in other ways. Definitely something I’m having to shame and train my brain out of! I’ll try to keep your motto!😊

[@Elizabethandlulu]

This spoke to me on so many levels!

[@bcusaaus4749]

Preach Dave! They are such powerful lessons! It was me 4 years ago and now on BS 6

[@Cloudyconfusion]

Woah baby step 6?! That’s amazing!!! CONGRATULATIONS

[@dianabinkowski3927]

I have had family make comments to me that "it must be nice being rich"!!!! I say " yes, it is". I am not rich but I'm comfortable into retirement. I have never lived above my means. Only debt is a mortgage at 2.875%. No credit card debt, no car debt, etc.

[@lukewes7]

I'm following these baby steps too and I'm from the UK! Finally someone making sense! Cashflow starts with your income.

[@DaveM-FFB]

The thing is - nobody wants to be broke. My observation is that most broke people lack a basic education in personal finance and/or they aren't able to adopt delayed gratification. Another factor is that many people believe they are incapable of winning financially, so they never take action to improve their financial position. They accept financial defeat. However, "winning financially" doesn't look like the media's portrayal of the American Dream. With the proper mindset, plus a basic education in personal finance, and delayed gratification, most people are capable of obtaining some measure of financial security and a comfortable life. But many more will unfortunately opt for financial defeat.

[@Sentimentalist0923]

Amen! Speak it!! Somebody somewhere needed to hear this fired up message.

[@blessedone9129]

Thanks for being honest and clear!

[@ThanhTLam1]

I LOVE RANTS!

[@coniccinoc]

I love Dave Ramsey.

[@tonypittsburgh9]

I have some friends who 20 yrs ago did the full Ramsey plan for 5 yrs. They said it sucked. But now they have nice vehicles and a 500k house paid off and live like royalty.

[@clydelipp9612]

I started 2 years ago with over $350K in debt. Will only have $70K in debt left at the end of 2023. It will all be gone the end of 2024 with over $100K in savings and $3M in net worth. We have lived like we are broke for the past 2 years, with the goal of being retired in 5 years at 55.

[@mathisnotforthefaintofheart]

My little brother, who is 10 was also 100K in debt and then he worked so hard over the summer he paid it all off and now he is richer than Bezos🤣

[@emdee390]

Bravo!!

[@johnmolony5613]

Mr Ramsey, and associates I am greatful for your information. Thankyou again................

[@MindyGibson-t7b]

This is the best one you two have done and all the videos are great!!!!

[@evgeniyamiller4503]

Love your show! You have changed my life!!

[@Resithrive]

Loved this rant. Can't get enough of hearing that 'stupid' word. Love it. And yes, I am that broke single mum but I won't be for long :)

[@NikkoKnight703]

Nothing but gems

[@joeplem5329]

I just don't want to work more than 20-30 hours a week hence why I'm cheap AF, could care less about my "status" and yes I'm debt free with no wife and kids not saying it's a good mentallity being so selfish but it beats working myself to an early grave trying to one up my neighbors SMH.

[@rory644]

I work 25hrs a week but I make good money. You sound like you lack ambition my man I’m not having a go but you can earn good money and keep hours per week low. I run my own business now though.

[@grantv2313]

I really can’t blame you man. I see lots of people working 10-12 hrs a day. Plus they gotta drive 1 hour, 2 hours just to get there and then go home at end of day to go to sleep and get ready to leave at 4 am the next day. Highly doubt anybody is getting rich doing it either.

[@dungeonmaster6292]

You'll die and that's that

[@BikeHelmetMk2]

If you can sustain yourself on 20 hours per week, why not work 60 hours per week for like 3 years, get a home, get the ball rolling on retirement savings, then once you have a large enough buffer, cut back again? You'll have assets working for you and end your life way better off... Of course, that is a huge shift and does require you to plan your meals and shopping in advance, and treat life like a job for a while. 1 day off per week... I too was "cheap AF" and managed to get my foot through the door on a 3700sqft place 60km from Vancouver... after like 8-10 years from when I seriously started saving. YMMV, but obviously I'm going to retire a lot better off thanks to that home. With all the rent craziness, the mortgage payments are now comfortably below what I would be paying to someone else.

[@dungeonmaster6292]

@@BikeHelmetMk2 "assets working for you" is the poison of modern life and the reason the western world is broken

[@stephentchainssi3728]

I don't agree with this man on a lot of stuff (Real estate on bank money has been too good to me to let go) but listening to him definitely lit up the fire I needed to clean up the rest of my finances

[@nathanmartin9308]

Agreed! Numbers dont lie

[@racheltookes7428]

Very good, but I love donuts 😂😂😂 but thank you for the information!! 😂😂😂😂

[@patri_mb]

I love the rants

[@danieldpa8484]

Common sense - Dave is teaching simple logic! Don’t be in debt, don’t spend more than you earn, save for emergencies, invest so your money works! That’s all not rocket science

[@Logic_Monster]

Another epic Dave Ramsey rant. ❤

[@f5garage401]

Very good

[@cindy_lou_loves_to_stitch]

Thank you for all of your advice! 💙

[@yayyay2529]

Thanks Uncle DAVE,,,Im debt free now .im 54 and I wish I found you earlier in life .

[@QFUNNYNEWS]

Ol' Dave loves reminiscing. I understand why.

[@WrvrUgoThrUR]

This show is 90% psychology, 10% finances. And rightly so.

[@thestonedprince]

Thanks i needed too hear this

[@dansaver8247]

I've served over 15,000 legal papers on people who appeared to be doing well. Their lives were facades.

[@tdunn779]

At the beginning dude was talking directly to me lol just speaking facts about my life like he’s known me for 20 years

[@michaelbowers3946]

Doughnut Dave now that's an original 😅

[@stephengamber8749]

Spending more than what you make = heartache and pain. Spending less than what you make (and investing) = good life.

[@CJ2023Incognito]

Just another day at the family dinner table for Rachel. Lol

[@Thetatraderz]

I sell futures options and I agree what Dave says. I can do plenty of trades with a positive expectancy but its all about following your trading plan.

[@user-hd8ej8yx9p]

0:33 head knowledge, vs the other type of knowledge

[@aolvaar8792]

In the 90's, I made ~$50K/yr, my wife got sick and went to a non-network hospital, the only one in 100miles. 60%/40%, no discount (non-network) Our portion $35K. I quit and took a $200K job for a year, paid the bill and came back. It was a math problem.

[@dungeonmaster6292]

Shoulda just not paid

[@aolvaar8792]

@@dungeonmaster6292 I agreed to $700/wk payment plan, one year

[@georgewagner7787]

Then it gets added to YOUR bill.

[@dungeonmaster6292]

@@georgewagner7787 i stopped paying most of my bills and am doing fine

[@kevinb8881]

I sssooo agree with Dave when people go broke to get rich to impress other people they don't like, LOL!!!😂😂😂😂😂

[@agbonmireifeh8203]

I love you Dave Ramsey. ❤

[@thehungrywolf69]

Props to Dave for getting thru his donut addiction 😆😅

[@esmyval8948]

😂

[@iamkesha.]

I wish I was as disciplined managing my weight journey like I manage my finances. My financial life is great, the battle of the bulge, it’s a struggle.

[@4LayersOfStrength]

Everyone has their own struggle/s. Being conscious of your choices before and or during and or after our choices is a great way to free ourselves from our "stupidity". Good luck with your B.O.B (Battle Of [The] Bulge).

[@iamkesha.]

@@4LayersOfStrength BOB. I like that. Put a name to it. I have to keep fighting BOB.

[@randybuyers]

This is a common problem but just requires a routine change. Step 1 is you can’t eat what you don’t have… good luck to you!

[@jakecooley7603]

64 Audio! Gotta love Custom IEM's

[@raffaelepiccini3405]

If you manage to treat as a math problem, that would be perfect but yea most people can’t, because they treat it as an emotional problem… If you do treat it as a math problem, you calculate the optimal behaviour, and you follow that behaviour perfectly… and that’s it

[@rebeccaoprea9917]

There’s only so much we need. The rest is just for show.

[@smokinhalf]

Delayed gratification. People only see the delayed part.

[@dylanappenfeldt2442]

Thank You 🙏

[@racerx6]

There are police officers in Los Angeles who make over $300K a year with overtime. They can not retire because they are broke. Their pension is up to 90% of their base pay, not over time. They can not retire because they will only get approximately one third of their current pay....stupid. And, it is true. I know two of them.

[@georgewagner7787]

300?! That's more than senators!

[@kelliconlan8133]

Definitely 80/20!!! And most people dont want to do the 80% side.

[@Astro95Media]

Bingo. The 80% means denying the niceties of life for a while. The vast majority of people don't want to do that. I did it for three years and paid off six figures of debt. Best financial decision I ever made.

[@Xxicewolf97xX]

The pandemic took me down an unexpected path to the world of investing & saving money. I've only got a small amount put away into an index fund so far, but at 26 I'm more than happy to keep my time horizon far into the future for when I can live financially free. Just wish I had this mindset in my full-time job as opposed to my current 20-hour job 😅

[@CJP9694]

Deo gratias! We paid off home. Thanks, Dave.

[@herbertbarnes-d9y]

Make A buget is great but been applying to employment for 5 years no one is hiring me.$1,800 debt and $500 back taxes... so how am i to a achieve the job to income to savings.

[@sethgraham4836]

Im in the middle of doing stupid right now

[@bucketsmore1999]

The US GOVERNMENT HAS TO WATCH THIS VIDEO

[@stevenporter863]

7:31 He did the voice😂😂😂

[@youngjedi5599]

I love the voice!!! Lol!! That I was the only one who noticed

[@McFraneth]

St Emilion wine estates, a car dealership in Libourne said they were a nightmare, millions in debt and they wanted credit on a very expensive Range Rover. He preferred the credit rating of the cleaner. He said it's all façade and millions in debt. Regular suicides there.

[@jasonk446]

My brother just had 5 donuts for breakfast. Lol

[@Munce72]

Great work Dave! Scooby snacks for you. My allegiance is to Liberty, the Repubic and Democracy.

[@user-qc6yq1jh4j]

what you suppose to do when your paycheck is lower or as much as your rent

[@pdxmusl1510]

I really like as partbof your message that yeah... having debt makes you broke. However i do lightly disagree with "its not a math problem". Cause it most certainly unequivocally is a math problem. I mean personal finance & taxation might be the reason we have math in the first place. It's practically the original math problem. Math should inform behavior. Not control it. You say this too, but you need to balance factors. I do understand that 80% of behavior comments are really about pointing out that unless you change behavior, you can do all the math in the world. You won't improve. For myself change is incredibly easy. But it needs to be bscked up by... math. So... to me. I would flip that. Its 80% mathvor head knowledge & 20% behavior. But again. That's for people like me.

[@ThaTurminator]

Dave is 1 letter away from using the Andrew rate terminology of “Brokies” 😂

[@thatomofolo452]

Good question ❓

[@paul_domici]

Now I feel like eating a donut : )

[@ONLY1KUDWE]

Gonna use my imagination on what Dave WANTED to say at 2:20 😂.

[@siva47931]

Dave: It's not a math problem Also Dave: You don't get a pass on math

[@Nicoldnivole]

Sometimes it’s a math problem. Usually it’s not.

[@ARKenMan]

Very simple. It's not math that got you into the problem in the first place, it's the behavior. But you will not escape the reality of math in the end.

[@barnabusdoyle4930]

2 things can be true at the same time. A $1700 mortgage on $4k a month is doable but is also a math problem if you have other payments.

[@austintomkewitz3981]

Getting into a financial problem is behavior the impossibly of getting out is a math problem that's when you sell stuff or go bankrupt

[@tykendrick800]

Dave Ramsey for president 2024

[@jeffpadilla9891]

When I stopped just spending and started saving now I cringe when I think about spending on money on stuff I really don’t need.

[@martinmi5]

Donut 🍩 Dave 😆

[@stephenshelton4267]

Head knowledge drives behavior.

[@gm2407]

It is a two part problem, behaviour and maths.

[@steelcastle5616]

The math isn't a problem and can be figured out with basic 7-th (or less) grade skills. The problem for most is modifying financial behavior based on the math that's the real problem for people in debt. The math can show you the route, but not everyone has the inner strength and focus to stay on the track.

[@expertonmyself]

Not donut Dave. 😆

[@davidmilhouscarter8198]

6:05 I don’t understand why some people are so against Dave Ramsey. It’s like they’re against Dave just to be against him.

[@emilyblack8982]

I spent over $3000 on my cc last month, this month I identify as a broke person!

[@Useruytrw]

uncle Dave Salute

[@TS1023TS]

Delayed gratification

[@jeremyhicks2449]

Love Dave Ramsey!

[@_xBrokenxDreamsx_]

it's mostly an ego problem.. stop buying crap you can't afford just 'cos it makes you look good.

[@dr_pinna543]

You have to realize there's a math problem (assets less than debts) before you can realize there's a behavioral problem.

[@GoatMeal365]

😂 I think he’s talking about staying out of debt as a lifestyle

[@Zachary_Setzer]

He said 20% head knowledge, not 0%.

[@amireallythatgrumpy6508]

Sitting down and doing the analysis is a behaviour.

[@bluejedi723]

advanced education does not equal smart

[@Larkin-y6k]

i didn't pay my student loan debt yo i can't even get like yo i'm so poor.. and my life is so bad right now and i lost like five jobs..

[@georgewagner7787]

Anyone else think the Saas Commercial is WAY TOO LOUD

[@JustinCase780]

I may not follow 100% of Ramsey and his team (credit cards when I travel and often abroad, etc.) but 90 something percent...overall it makes me laugh the way people complain if the Papa interupts a caller or another host says something they think is off or not polite. Snowflakes. Overall, this program and team are beyond amazing and spit ball what they know and believe with 100% good intentions.

[@bluejedi723]

i do disagree with ramsey on some things but I think 90% of what he says is right- advanced education does not equal smart. People go into debt for "nice things" because "I deserve it" without giving a shit about how much is this going to cost me. they get a PHD because they think it will equal more money without realizing they *can* earn a good amount of money, if not more, without a PHD *if* they work hard to find the job they want. They get a 2nd, 3rd of 4th masters degree *because I can't find a job* when it turns out they are just looking in the wrong places for work. People go into great amount of college debt thinking it's the fast way to money, and not realizing it could be done cheaper. He tells the harsh truth, something snowflakes need to hear

[@georgewagner7787]

Sometimes the phd could be about status dr jill

[@bluejedi723]

@@georgewagner7787 but is status worth that much debt?

[@russlea6383]

Would you enable a bagel? They only have 1 gram of fat compared to doughnuts with 10.

[@georgewagner7787]

Not much difference. White flour converts to sugar. Have some fruit

[@ellamedic8963]

Its not! It’s a problem of behavior, beliefs, emotions and habits!

[@Stephan2P]

Empty shallow people are more prone to consumerism.

[@enzochacin4833]

Do you have the FPU course in Spanish? I want to gift it to my parents.

[@georgewagner7787]

If they live in the u. S. They would do better to come to English class for future jobs

[@AceLopez1]

One of these days, Dave is going to have a heart attack reacting to stupid people's decisions to waste their money.