How Can I Save Money Only Making $15/hour?!
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- čas přidán 2. 09. 2020
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These are the calls I enjoy listening to. Not the people bragging about how they make $1 million a year and I don’t know what to do with it. The caller has the same type of issue that a lot of other people have.
Whether you have 1 million or 100 dollars, you must know what to do with it. The principle remains.
I totally agree! I could care less about the people who inherited a gagillion dollars or whether the person with millions should spend $1,500 on a vacation.
They take those calls for views/clicks
amen to that
yes i agree as someone in this situation new grad basically making the same
Finally, a caller that I can actually relate to.
Facts
🤣🤣🤣🤣🤣
Right
Facts
Try the cash envelope system and it’s all over utube
$15 an hour and no debt? $500 rent? He’s got this! Very doable, he just needs to start tracking his spending is all.
Learn to cook, cancel cable subscription, stay home on weekends, free furniture from craigslist... it's common sense with a little discipline
@@jackedkerouac4414 Sounds like a fun life :) I think you dont need
to stay home for weekends. You can still do stuff, without spending money
@@07Paule "stay home on weekends" is shorthand to mean set an entertainment budget and never go over it but there's a reason ppl literally stay home to save money. Majority of ppl drink and nothing will empty your wallet faster than going out to party. Inhibitions get low and all of a sudden you run a bar tab lol
@@jackedkerouac4414 Drinking is not expensive, drinking a lot is expensive 😀But yes, kind of waste of money, agree
He can save 1000 a month if he gets some discipline
This man represents most of America.
Seriously.
Yes, And when your only job requires demanding hours or in his case probably a strenuous work day, there is not time left at the end of the day with the end of the week to go and get another job. Also, very few jobs are only hiring for once a week. Additionally, he’s living in one room of the house somebody owns, and they’re treating it like he’s already at the highest level of living. If his salary does not increase, he will never be able to move up and get a home. Granted, I know not everyone is deserving or the hardest worker ever, but keeping people in their 30s and 40s needing to rent out a room because their stable job does not pay enough when unemployment pays twice that is a problem that so many people are facing
@@cdw222 your response is lengthy. But I stand behind it too. It’s a struggle out here if you aren’t self employed, have a career, or work a trade job.
@@branpod It's true that his lack of budgeting is a problem. You say it is the biggest problem. I'm not saying the following to be an annoying hair splitter, I'm being sincere: I say it's a significant problem. Why is he not budgeting? I think he is a bit beaten down by the little that he has and he sounds hypnotized (helpless/autopilot) by his situation. The beaten down feeling is stopping him from budgeting.
He definitely reminds me
Of me 3-4 years ago.
I saved for a house making $17 an hour. Saved every dollar outside of bills and groceries. Bought a new house in 2017! I still had debt...over $15k...but kept paying on it, now it's paid off. It can be done.
Not to be nosy...but how did you get approved for a mortgage while only making $17 an hour and with $15k in debt???
Wow!! That's amazing
What state?
Where do you live? How much was the house? There are 50,000$ houses out there.
mdooms76 what state mrdoom?
Im proud of the caller. He is lost and he knows it. He called for guidance. He got it. Lets hope he goes forward from here. Everybody starts from somewhere.
His answer to "why do do you only make $15/hr?" got me emotional. I can't be the only one that really felt his pain 😭😭
😭
He’s just in a position where most of America is. $15 is pretty good when most average everyday jobs pay less. Sometimes 15 is great for some 2k a month is pretty good
😢😢😢😢
@@thelavinalionnefirm it hurt right? 😭😭😭
@@N452ER to the core. So many people are looking at themselves like idk why I only make $$ amount of money.
I make $15.30 and my wife makes $12.83 a hour. We have no debit. We have a two bedroom house that we are two months ahead on the payments, six months of savings . We invest around $ 11,000 a year in our 401k's at work . And we can still find away to pay for our schooling in cash ever semester.
So I know it can be done. A good budget and some planing can go along ways.
congrats, all the best to you and your family going forward.
So you invest 20-25%?
Where do you live?
??? Your are amazing!
Saul Goodman not BS, I bet you that’s exactly what he’s making.
My husband makes $14.00, and I make $14.00 an hour as well. We own a 3 bedroom Condo, and are working excessively to pay off credit cards that helped during a job loss and health crisis.
But we’re sitting pretty on what we have, and are very thankful we have at least $1000 already saved for emergencies.
The minute I started writing down every dollar I spent I realized How much I was spending on food. I started cooking at home this year and my world has changed I'm finally able to have a decent savings account.
same here. That $8 here $12 there ads up real quick.
Same right back. Started realising how easy takeaway eats at a budget. Here in the UK, it's at least £15 minimum for one meal plus all the service charges and deliver charges on top for really average food. I shudder to think how much I have spent in the past that could have been saved.
You live and you learn though :)
Same here. I was shocked!!!
Exactly. I remember getting my first job years ago and being told, " don't eat your whole check". Lol.
But yes, I started learning "copycat recipes for this reason. I know my hungry self wants that restaurant taste so I start learning those recipes. Or at least something that tastes close to it so I'll be satisfied
@@07ikkin i like that one don't eat your whole check. May start using that xD Also i think i need to learn some copycat Taco Bell recipes because whenever i do convince myself to get fast food it's some T bell lol
Saving money is less about your income and more about your expenses.
Sometimes...
@@N452ER yes, but if you live like this is true all the time you will benefit regardless
It is about your income when you are making 15 dollar an hour buddy
Right.
This comment reminds me of Grant Cardone saying : " you don't have an expenses problem. You have AN INCOME problem " .
Quite frankly it all boils down to the fact that you can increase your income but you can't reduce your expenses below zero.
Budgeting honestly is helping me overcome so many financial obstacles. Don’t know what I was thinking beforehand.
Totally agree. Once I started budgeting, I began to find money.
Its the best way to grab a snapshot of your financial situation
Same here! I'm so thankful that I found Dave! I was not budgeting and had no direction regarding my finances before I came across Dave 2yrs + ago! I wish I knew about Dave when I was 24, I would have alot more money saved.
Budgeting is the only way to keep ontop of your spending habits most people just spend spend spend because they want what they want regardless of how much it is
I overhauled my entire budget in Jan 2019. It helped push me out of 23k of debt by December! This year, even w ev thing that’s going on causing hits to my income, I now have a fully funded emergency fund, I’m saving for a house, and I’ll have a Roth opened by the end of the year. Hooray for the budget!! It totally works 😅
Well said! Self discipline with a plan, over time = wealth!
Exactly. I make $16 an hour and have worked at least 50 hours per week for the past two years. Comes out to $45k every year!
@@Tonybob_Skinnyjeans good job!!
With 15 dollars an hour you are never gonna be walthy bro never even think about it not even gonna save anythinf
@@pikjancahani809 there are those how make over 100k and they end up broke because of their incompetence, so try again troll
Aa!
My grandson is 17 and works as a busboy in a restaurant. He lives with his dad so he has no expenses but he puts 20% of his income in his checking account to live on and saves 80% that he doesn’t touch. I am so glad his dad is helping him learn to save. He has had this first job for about 6 months and has saved $7,000. I wish all young people would do this for their future.
Guy hangs up... “man they didn’t even tell me how to do it...”
I don't know what he was expecting when he called. He said "how do I save money" but didn't really have any information on his own life.
@@marudoethiopia get some envelopes and put money in each every paycheck haha. Keep it simple. Its amazing how much people spend just seeing this amount available and will make it work on an amount after you put money into different funds.
"JUST GET A BETTER PAYING JOB BRO. "
......Ok and do that with what skills, education, or ambition. Really out of touch
I mean it really doesn’t take much to make money. A drivers license could open up a ton of jobs. Even with Instacart and doordash I’ve made $25-30 an hour, $1200 a week.
well they tried. They asked him his expenses and then asked what is he doing with $1500 but he doesn't have a clue. That is the answer, find out what your are spending money on and then try to rationalize if you need the expense or not on each thing. He also didn't seem to have any sort of life plan or goal to try to work towards, if he doesn't do that he will always be in the same place.
It would be easy to judge the caller but he prob represents millions in the USA for too long. The call was a good lesson for others that is not how much you make but how much you keep and it’s key to know where your money is going. I give him credit for calling in and publicly asking for help. Many others wouldn’t and don’t. Our society incl aspirational marketing works against so many. Good luck Abe.
j mc 👍🏽
Well said
It would be easy for me, draftkings and fanduel.
In real life, when I meet people who say they don’t have any money left to save, you can usually identify the problem pretty quickly, by seeing where the money they did spend went.
Something like 50% of workers make around $30k (or less) a year, so he indeed represents the majority of people (in America at least).
“Why are you making just $15” out of touch, a lot of people would love to make that much
Exactly! I get so discouraged hearing them knock income that I can't even achieve. 😫
I know right.
The country where I am from makes only $5 per hour but $15 yikes I wish that was here.
@@alienanne3269 I believe our federal minimum wage here is $7.25 The cost of living is just too high for that to be our minimum wage.
It works out being underpaid for how much you work and the hours you put in ... one of the hardest jobs iv ever done in my life and iv done a lot ... should be getting 20 an hour
It's just baffles me when they always think people can just end up getting a better pay salary, sometimes life can really pull you down and you wont even have a place to go or upgrade yourself
I read a study that Americans spend on average $420 a month on non-necessities aka junk.
I am a driver for Fed Ex I see it every day.
@@trolli1266 haha
Tell people to put $5 a side
That seems low.
This is correct
"Be good with what you have." If you are already bad with money, when you make more money, you'll be even worse.
So what does this mean ?
Agreed. That applies to me.
@@Deeznutz... it means if you spend more than you make at $15 an hour you will do the same with$50 an hour. Your purchases will just be bigger or more often.
$15 per hour isn’t bad and isn’t great either. He just needs to budget and figure out his priorities.
I was getting paid $14 an hour working in a warehouse and being a driver there too Monday through Friday I think like 7:30 to 4 and before that I was working in restaurant so this job was way better in terms of lifestyle and just being home when I wanted to be with my family but man especially when you have like a family in real bills that's so not enough it really isn't I went back to school while I was working two jobs I still have to get a night job while I was there so either way and weekend but yeah I went back to school and got a grant to get my CDL and now my life is completely changed thank God
Beyond Tribalism yeah if you live in New York or California.
@Beyond Tribalism $15 is pretty bad if you are bad with money. It can be done if you live frugally and stay out of debt
Michael Marquez May I ask you where and how you got the grant for the CDL course?
$15 is hardly any money. The cost of living is constantly going up while pay stays stagnant. You can’t survive off that unless you live in the middle of no where.
Let’s say Bravo 👏🏼 to a guy that called. I love that he asked that tough question and we should applaud him for the curiosity, courage and will to grow.
I hope he will do alright 😊
Go to school for a trade bud. Air conditioning, plumbing, electrician etc. Idk how Amazon works but they may even sponsor your education for you. That'll be a faster route for making more money and staying with Amazon if that's what you want.
This is a great game plan
If you do an apprenticeship, they will pay for your schooling. And you are working for them at the same time. My husband is an electrician and he just graduated!
The Stay at Home Marine congrats on your husband! I may want to do the same thing. How long was his apprenticeship? He got paid to learn basically?
Spot on. In fact I would leave Amazon, go somewhere, a trade, etc. Where you add known value and aren't just a number assigned to you by a large corp.
is taking up real estate something like a trade? or would you deem that too risky?
Average millennial makes $15 to $16 an hour, with a degree you may make more but your paying off student loan debt. Basically we're all struggling one way or another. More money doesn't always mean less problems. A good budget and living within your means is always the best option.
I just paid off my car today! 2800$ signature loan and my house is all that's left!
I saved $10,000 five years ago making $15 an hour. It took me 1.5 years to do it but I did it and I used the money to relocate. I also had a chase freedom credit card at the time and still have it.
What you do now?
How much did you put into savings per month? Was it 400?
Did you live at home?
@@WholeHeartily he had to, otherwise the doesn't make sense
@@NiaMSnow Right?! Rent is steadily increasing. Making $15 an hour is barely enough to keep a roof over your head. Much less continue to commute to work.
My wealthy Grandmother, always said " Save your money" She lived humbly.
Save I miss my grandmere
God bless her!!!!!
@Josh Na, Just a Christian
She also threw her life away by “saving money” that wasn’t spent. Money not spent is useless.
@@jamesspann4541 WRONG, I AM ENJOYING MY GRANDFATHERS SACRIFICE IN BATTLE OF THE BULGE TOO. YOUR WELCOME, CARRY ON.
It’s like trying to lose weight and not counting the calories
Honestly you can lose weight without counting calories, that is not a good analogy.
@@MR3DDev Of course you can. But you have to track something - whether it's your calories, vegetable/fruit intake, sweets, etc. Tracking makes saving money (or losing weight) easier for most.
@@MR3DDev agreed, if you exercise regularly and don't eat like your stomach is a radioactive dumpster, you can easily lose weight without counting calories
TechYK I’ve gained and lost weight many times. Down 100 lbs. please tell me?
Jane you will be more effective if you did count calories.
Finally a caller who is normal and doesn’t make like 150k complaining about a car loan😂
Abe seems like a kind, good person. All he needs is a budget and a mentor. I’m excited for him! He is awesome now and will easily find his way.
I had my first job 14 years old. I was paid $5.25 and only worked on the weekends. I worked a whole year and I saved $1000. I remember I was so happy and then someone stole my dad's tires from his car. I gave my dad my $1000 to go buy new rims and tires for his car. I was so sad but he needed more than I did.
That was nice of you...but I hope your dad paid you back or realized He was the Adult...and it was ON HIM to provide for his own rims/wheels. I hope you get back to your awesome handling of money. Next time, maybe left Dad grow up and become the adult he is supposed to be!
2k a month is plenty to save. It’s not what you make, it’s what you use it on...
Bingo that part
What if you live in jersey, ny, cali?? Lol
@@94mac I live in Cali and still save
Exactly
“Plenty” for someone without bills or other financial obligations.
I make about the same amount. I have more bills & debt & I'm still able to save money. it really is all about telling every dollar where to go
You guys are so awesome for helping this sweet man, Abe. Thank you 🙏🏻 You’re giving him priceless advice.
I also make $15 and hour and don’t have any debt, I help out my parents with bills though and can’t save even if I tried, I’ve built up a $1000 safe keeping and constantly have to dip into it to help out, so I’m stuck in a cycle of constantly rebuilding my small savings and being broke
Exactly, is like u talk about me
Something’s gotta give
I make just slightly over 15 an hour and live by myself and because of Dave I'm cruising through debts 🕺🕺🕺
In the same boat, I live in Cali and thinking about moving out, you know any place that has lower rent ?
Heck yeah, Kyle
@@ericlsena Florida
@@ericlsena Huntsville,Al
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
Fast forward to 2023…. 15$/hr in atl is poverty.
My only words of advise... Get two jobs! You need to hustle and work 70-80 hours a week. Save up and get yourself a Toyota Corolla or Honda Civic (cheap to maintain and easy to work on) for like $3,000-$4,000. And then the opportunities for better pay open up. Working that amount of hours SUCKS! But it’s only temporary until you can find that better paying job. Good luck to you. I was on that same boat brotha! You will get through this!!
Couldn’t agree more :)
Correct
Every illegal in AMERICA does this but entire life
I don’t agree. he should increase his income as full time job at least. Working two jobs is just not wise. Life is not about work. We don’t live to work..
No you got to live you can't spend all day at work that is degrading. He needs some time to work towards a better position on the income ladder.
“Trust me. I’m single bc ladies don’t like that I’m a budgeter.”
...uh, yeah! Me too! That’s why..
it all makes sense now!! 😂
Me and my baby mama broke up because of that reason I love to budget the money and not be in dep for stupid reasons
🧢
Being conscious of your money... tracking it?! Why aren't MORE people attracted to financially responsible people?! I don't understand this tbh
@@buttermonkey33 there's a difference between being conscious of money and being a cheapskate. He's probably a cheapskate.
This is very true
Little things add up and that’s why budgeting and tracking your money is so important if you wanna get ahead
This is the first caller I can actually relate to..
Love watching Dave answering calls with these guys and really like watching these two on their own taking their own questions. Dave has taught and mentored you both really well. You both have grown and have so much confidence on your own. Keep it up :)
I watch almost every video on this show and this was the best of all of them. Honestly the caller and both host, beautiful mix. Love it
You have to make saving money FUN! That is the key ingredient for me.
that’s what ineed to do realist thing ive read all month
I get pleasure seeing my savings and investments go up. I've made a habit of tracking my net worth in a spreadsheet. It's so much more fun seeing the numbers go up than down!
@@regieds facts 💰
Where I can ultimately respect all these guys is the fact that they were not perfect with budgeting/spending and now they are on better paths. They shared the same pain we all shared and can empathize with us because they were here themselves previously. And admitting to the fact they still struggle with it.
Dude doesnt need an app or a class, he needs a written budget plain and simple. Give him a chance to keep a written budget for a few months. If he cant do that, he should probably take a class.
This has knocked my confidence, I earn $15 an hour but live in the UK, I thought I was on a decent wage and managed to save up to buy a house earning that
J Nimitzch £15 is nowhere near $28 😂
J Nimitzch You should just delete your comments. You’re literally trying to paint a FALSE picture of life in the Us vs Uk based on your one friends experience. Do you not realize that the “US” is literally one of the largest countries in the world and it is NOT a monolith. There is no standard of living on a specific wage for the Us as a whole. Seattle, NY, LA, etc. will be vastly different from somewhere in Alabama, Phoenix, etc. your comment couldn’t be any more useless, annoying and misleading
Sweetzs100 he deleted it 😅
The worst situation to be in is “I don’t know where my money goes.” I make a LOT more money than that, and even with a brain injury, I know where every penny goes. Now I have to cheat with apps, notifications, reminders on the fridge, etc.... because I can’t remember sh**.... but still I know where it goes. Keep track of your money, because nobody else will.
I only earn £1500 a month ($2000) and I managed to save up £40,000 i ($53,000)n 5 years to put towards buying a house
That is freaking impressive! Congrats!
You got roommates or staying with your parents?
Awesome! Keep it going
@@TheQuickyouknow I was renting a room while saving up, also got a weekend job as a doorman. I live on my own now 2 bedroom bungalow
@@shanedraper240692 You're living the dream dude, I hope to be there in a couple year (15k so far)
Don’t SETTLE for less when you know you want MORE! Opportunities to make more money won’t fall out the sky, you have to be hungry for it and chase down the path and go thru the motions to enable yourself to get it.
Sounds like he just doesn’t have any clue about budgeting . I saved plenty of money working for $15/hour. He doesn’t have an income problem he has a spending problem
He does have a bit of an income problem, doesn't mean that 15 hr is the main problem. He needs a second job.
elmer340 true. $15/hour isn’t great, but if he would start a budget I’m sure he could find some money leftover each month. I agree a 2nd job would help tremendously
Agreed but at least he was willing to call in and ask for help. He represents millions of average Americans. Hopefully his phone call will help others.
I make $15.57 an hour, 8.5 hours a day, 5 days a week. I save $1,500 a month... no debt, mortgage is $725 a month. If i can save that much a month, then $15 an hour is a perfectly livable wage.
@@raleigh2747 you lair you must, come from a wealth family. Or no bills. Or rent. It hard to save. With $15hr.
It doesn’t matter how much you make. Live below your means and you’ll always have money.
I am working on that now.
Facts 💯 💯
Well said
People that only rent a room....sometimes do not have access to a kitchen. Eating out a lot is expensive. 😒
I should know, I did it. What help me was planning out all my meals for the and cooking and storing my meals in a freazer. I managed to get my meals down to $1.20 doing this.
I make 16.50 an hour and I've saved around 15k it's all about how you spend. I ain't doing a budget I save first then I spend.
Exact same wage for me, and exact same goal by the end of the year. So nice hearing someone else did it.
Pay your first good mentality
Income - Savings = Expense
Best video Ever. Sending this to family so the know now what I didn’t know at their age. Talking to young people about stuff like this is so important. Especially making them realize that we do indeed need more direction in our lives that what we’re actually being told.
Abe sounds so wholesome and like my old step-dad. He seems so innocent with his lack of knowledge and sincere with his desire to change his financial situation. Good luck and G-d bless you Abe!
Single with no debt? 15 an hour equals a million bucks in 20 years if you're dicsiplined.
1 million will almost be worthless in 20 years. It’s best to start putting money into valuable assets that can hold value while inflation rises.
@@livepoetic390 that's what he means... 15/hour while investing. You cant turn 15/hour into 1 million in a bank account. With inflation your assets will rise more proportionately.
"You're not single just cuz of that" lol
Doc throwin' shade 💀😏
it wasn't until I was in my 40's that I broke the $20 per hour mark, yet I bought houses and raised a child, and put him in a private school. You NEED to budget, live on less and prioritize.
Proud of you, man. You give me hope. Pray that I do make those right movies. I just turned 39; no debt, working as a freelancer (making about 22-35 an hour), single with no kids, renting with roommates.
Makes my 9 an hour look like nothing and still saving a lot and will have all my debt payed off in the next week✊
i straight up felt shame when he was questioning, my money just likes to disappear. i try to pay attention and be diligent, and then its gone faster. this dude is the man we needed to ask the questions
I made exactly what you do to this day, and have a degree. I save for two years renting a room, and bought a roof over my head that doubled in value. I made that a priority. Don.t follow the crowd.
Love these guys. Such a blessing. Apply this knowledge!!!
Saddest part is, one of the richest company has some of the poorest employees. Disgusting. I hope he doesnt shop on Amazon
The company is only that big because people wont shop elsewhere.The CEO would have nothing if it wasn’t for the spenders.
AndJustLikeThat I’ve bought nothing from them and never will.
Poor guy here 👋🏻: no offense but that is a foolish way to think. The company is enormous but isn’t obligated to pay its workers for their benefits. After all, it’s a job for most and not a career. However, if you apply for positions you can work your way up-even if it isn’t much but then that’s where budgeting starts to come in and it may not be complicated: depends the state your live, household mortgage, no debts, living frugally, etc.
…Yes, life is unfair but there’s always a way to cut corners.
I currently work for Amazon and if hee really does wanna move up and also work his money better. He has to be intentional and sure. Because neither is just gonna fall in his lap
Abe is drinking Hennessy with the rest of his money LOL sounds like he has plenty to save.
🤣🤣
Facts
😂😂💯💯
Drugs get expensive and friends that dont work get expensive guy sounds like he getting high during the call .
😭😭😭😭😭😭😭🙌🏾
“The quality of your life is based on the quality of the questions you ask!” - Tony Robbins
That’s actually a very good quote
"You're not single just because of that.." LOL
500 for a room? Oh man. That’s *almost* a one bedroom apartment in a run down neighborhood.
Bro my one bedroom is 1200-1300 in a run down neighborhood but I'm over charged
Not in Colorado. Maybe a storage unit .
95% chance it’s going to eating out and “habits”.
Yep
I currently make $13.80/hr as an accounting 🧾 customer service at Wegmans and I live with my parents.
Only 15 a hour? Only? That's a high paying job where I'm at
Same
Same.
not in atlanta lol
What state y’all in
@@donjulio7330 Ohio
i feel like the guy calling was me..
Lol
3:20 the shortest laugh ever. Anthony wanted to swing on John
Thank you for sharing 🙌
I like how John even notions the caller by saying “I struggle with that I wish I was a disciplined as Anthony”
Really shows they’re people too which gives us hope and motivation on our financial journeys
Why are they paying you $15?
Guy on the phone: don’t know, that’s what they pay 😂
This is the majority of people though. Not everyone is equally driven to financial success. They just want to survive, which once upon a time use to be fine for most people.
because they only care about profits which increases by cutting costs labor expenses
"Abe, why are you only making $15/hr" Dude... You live in a whole different world than the rest of us.
Yep they get to work the a cartel while the rest of us work for normal employers!!!!!!! I did not know what to think of that statement either!!!
Most people have no idea how much money they waste on food - eating out and snacks and junk food
Very well said.... it’s all about discipline. It’s a tough road.
Get a certificate in a craft mechanic, CDL, electrician etc and increase your bottom dollar from $15 to around $25-30 and hour it will be night and day
Between my wife and I we make 30 dollars and hr. No children no cc debt. Car payment of 375 a month. And we can barely save money.
I don't agree with him telling the guy to cut up his credit card
If he pays any balance off monthly then that shows he's responsible enough to have one
@Eileen Exactly. The credit card is working to his advantage.
WHAT A GREAT VIDEO !!!! this message will stick with him forever!!!!!!! I love this.
"good steward with the little that we have." I appreciate this video very much. thank you.
You need a budget, bruh!
And self discipline
Paying off a credit card every month isn’t some form of debt.. it’s paying for expenses using a credit card. With that said, sounds like the caller has never made a budget.. he should probably do that.
A credit card balance is a form of debt, doesn't matter if he used it to buy a car, or pay for daily expenses.
It is debt. It's on your credit history as credit line of debt. He just makes sure it's a 0 every month.
You wont convince the Ramsey crowd that a credit card isnt debt.
But yes, If your starting balance at the month is 0. And your ending balance at the month is 0. No bank or business would say you are operating on debt
8594369 Exactly.
My credit card makes me money. I use it to pay for everything possible each month. Bills and expenses I would pay in cash. I get cash back which I cash in every month before paying it off. I pay less than I would if I paid in cash at the pump or at Target. This cash back applies to everything I charge...
Water bill, cell phone, etc. Stupid not to do this. I don't charge anything I don't have planned unless emergency.......which seldom occurs as they are emergencies. I pay those 'one off' charges in full from my emergency funds at the month end....less the cash back. I have started with zero balance and pay in full each month for at least 15 years. I also earn Skymiles. I've flown 'free' to Europe, Hawaii, New York and San Diego. Using my credit card benefits me greatly.
‘Intentionality’ = love it!
Good advice guys...keep sharing....
Doesn't matter how much you earn. If you make $2000/month and spend $2000+ per month, you're gonna remain broke.
In 2020 15 an hour is pretty much minimum wage. Especially with how much everything costs.
$15 in not minimum wage... Minimum wage is minimum wage. Imagine making $8 or $9 an hour... But people actually do it.
@@fifthdimensionguru minimum wage here is $13 so $15 is not much better. San Diego California. Really need $25 an hour to be able to live. Before you say move.. I don't want to move, I should not have to move, I need a place to move to, I need a job to move with even if I move would make less so still in the same situation.
Honestly it is especially in California
@@fifthdimensionguru the minimum wage in Washington DC is $15 a hour. That’s not a lot. Only $1,600 a month after taxes. Rent out here is $1,000+
I didn't know it was that bad in California until Graham Stephen showed it but in the South that's living comfortably. Location is everything.
Great show , good advice Budgeting is like losing weight you have to have a plan and a goal on how to get there.
Thank you, this is exactly what I needed to hear 💖
He just needs to start an automatic banking transfer to savings that he doesn’t have to even think about it.
Even $25 a week before you even see it, can add up over time. Just act like it’s not there. That’s your start.
That's what I do.
Before I had a budget I literally had no idea where half of my money went. I was spending like $500 a month on food on myself even though my roommate also buys food! Absolutely ridiculous.
I feel like I got a raise just cutting back on my stupid spending.
I love that Dave Ramsey and now finding out about Anthony O is on CZcams!!!! This is so needed for many and I’m 🙋🏽♀️in need of a refresher course I took “financial peace university “ with my church Amazing it’s been a few years bk !!!!! I need a reboot!!!
The guy in the black shirt provided great advice! It's important to be strategic in your approach about your future.
I love these videos and appreciate the honesty in this caller as I'm sure is the case for thousands across our wonderful country! Re-educating people on line-item budgeting/spending is such a blessing as it DOES work and does turn your life around for the better; slowly but surely IF you're willing to Listen and have Faith in the process. Great stuff - stay safe, everyone!!! =-)
I can relate to this. I make $15 here in Oklahoma and that’s good pay as a pharmacy clerk. No debt. But everyone situation is different.
Right ✅️ every state is different.
I love this channel its opened my eyes upto so much I see you always referencing usa think global not just usa.
Such a great video, helping people with the simplest but most critical skills.