Do These 5 Things To Win With Money
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- čas přidán 10. 04. 2023
- Do These 5 Things To Win With Money
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I'm striving for the "Outrageously Generous" part 😏
@@DardelaDumnezeu Amen. Just another opportunity to praise and glorify Him 🙌
Start tithing to God. It got me out of debt and now I can be generous to needy people and feed kids when parents have no money.
@king77solomon30 "tithing got me out of debt" What? Were you in debt to the church?
Fun fact, Christians are never told to tithe in the Bible.
Same here, can't wait.
😅o😅😅😅@@brittanyw4103
I’m just listening to this on repeat until it’s permanently burned into my soul ❤
good luck saving the money 😂
Same friend. Absolutely the same.
Over & Over & Over , Again & Again & Again . Lock up credit cards , turn off advertising .😤 Remember it’s only Temporary .🙏
Not trying to be rude but has it worked for yall? Have yall stuck to the plan? What has changed
@@GhostRider-iw4gr not rude at all. Just a curious mind. We did the plan back in ‘18-‘20 and found great success. We had no student loans and were safe during the pandemic (financially). We got off the plan, and found ourselves in worse shape financially. We’re back on it, with the intention to stay on the plan. It’s not that Dave is the ONLY plan or financial advisor. He’s definitely not god, but his approach is practical, and for the Everyman, his approach is pretty solid.
Try it!
Yup! Am doing. Retired at 55. Volunteering with causes that feed my passion, and doing adventure travel.
Live below your means is key, nothing else matters.
Totally ignores the other four 😂
That an don’t go into debt have done me well I got a nice car paid for in cash and a house I’ve never had a mortgage on work and stack that cheddar
It so easy and no one does it
@ctrl_alt_del100 yep, own 3 houses small business, and make 6 figure at my other job. Stack that money up! All vehicles paid for and I own 6 of them and under 40
@@dsimondublin Good job 👍 I use to laugh at old people because they were so cheap and they worked all the time. Sure enough. Now I can see why. It’s called wealth building!!!
I like being outrageously generous the best.
As my Advisor, Graciela Lynne Schriewer taught me she said in Quote; Combat the Financial planing crisis smartly: Save ambitiously, target 15% annual contributions, leverage ETFs and stocks for a diversified portfolio, and adopt tax-efficient strategies. Build financial resilience for your family with a strategic plan tailored to the facts and figures of your unique situation
Geeez that's a powerful quote. Who is she?? She sounds like someone well versed in Wall Street
She's a Wealth Professional Adviser.
her strong insights have made me over half a million, I am blessed.
I looked up Graciela Lynne Schriewer on the internet out of curiosity; she has a strong résumé
many individuals miss out on gains due to actually NOT having an Advisor.
He is not wrong. I listened to Dave Ramsey, read his book, followed the steps, and now work part time because I really enjoy what I do. What’s great is it took me 15 years to get here, but now I have just as much time as I do financial freedom. It’s a wonderful place to be. The crazy thing, do this and you’ll learn more about yourself than you thought you would. Thank you Dave Ramsey!
Good to hear!!
When you can afford it, gift giving to friends or family really does bring you joy and not stress.
People bash ramsey but following his method has made me A LOT of money!!
He is made fun of because his plan is built on the assumption you are dumb and can never learn or be taught. There is a big difference between high interest debt on liabilities and low debt on income generating assets. The vast majority of wealthy ppl are hundreds or billions of dollars in debt. By Ramsey view Amazon is a stupid company that is a day away from bankruptcy....
They only bash him because they don't want to take the steps to do it. Same as anything else. It's easier to make excuses though..
Yeah because most people are too stupid to handle debt
@@jordanmiller4147Perhaps because many people have had no education or role models in this area. When they hear stuff like this, they still have no concept of how to change their existing way of thinking about money and handling it.
I love this man He changed my life and if You do what he say your life is gonna change for real For better life
Thats true. I have been following. I love living my best life after retiring early. I was 25 when I started investing for early retirement. I saved half of my income and put it in cheap index funds. -ROCHELLE DUNGCA SCHREIBER helped me a lot with that. Now I travel the world, do what I love and have fun with my family.
Can you recommend some videos that taught you the stuff you know
@@FollowTheWayMinistries I got started by listening to Dave's radio show every day. Then I went out and bought the his book, "The Total Money Makeover". That is literally the only money I have ever spent with Dave Ramsey. I then downloaded the "Every Dollar" budgeting app and just followed the baby steps and budgeted religiously. I went from always being broke to have a nice, positive net worth and being able to give generously more and more often. I'm not done yet but I can tell you his plan works great for the average person. Is it the only plan? NO. Is it the perfect plan for everyone? NO. But it is the best plan for most of us. At least it helps you get a solid footing and you can grow on your own from there.
What it comes down to is this: striking the balance between financial security and happiness.
Simple wealth building principles. But Simple Ain’t Easy. Thanks Dave
Nobody said it was easy.
it is easy, cut cable, put in your 401K early, buy a moderate car, save a little every week,im 59 1-2 retired, not rich but have no debt,
@@buyystocksgood on you man 👍👍 i feel like the most important goal is to manage a salary that's at least 3k. Then just invest for a full decade and boom retirement. Maybe you can invest in something for your children to look for!
It is simple, and it is easy, but it is extremely painful.
The only thing that makes it not easy is the price you pay being disciplined. Now ask yourself...would you rather be disciplined now and relax later or relax now and be disciplined later?
You’ve taught me so much more than my own father has. My father was a millionaire in the 80’s and did nothing with the money and huge opportunities he had to invest and create wealth! Today he can’t afford the taxes on his house and has nothing saved for retirement!
I pray to god to not be like him Dave!
He recently told me don’t end up like me son!
The GOAT in finances!
Yea
Yeaf right.
FACTS
Ever heard of Rich dad poor dad?
For those wondering what GOAT means, it means "Greatest Of All Time"
Dave Ramsey’s advice is good for those who can’t manage money and need simple rules to follow. Debt is a great tool for generating wealth if used correctly.
People don’t understand that when you take out debt you are no longer in control. You shift the power to the creditor.
@@Culture-and You are still in control given that the T&Cs of the loan are all stated up front. Leveraging debt can be a great way to generate passive income when done correctly.
I like the outrageously generous part. I send $200 a month to my grandma so she has extra pocket money, and a little to the family that lives with her, but if I had actual extra money I would be a big-butter-and-egg man, just leaving big tips to waiters and helping my parents retire earlier.
I don't go out to ear though
Cheaper eating at home
But that's a good idea
God has given us a wonderful life
I love this guy, he is like a brother to me. I made a wise decision in my financial income. I save more than I spent.
Blessed we are to have been blessed with an awesome guy like PAPA DAVE.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@maryHenokNftKudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Well-done. Gertrude Margaret Quinto appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
I followed his way for 4 years since I migrated to US. I already have enough saving to buy a house. I’m just waiting for the right time to get better deal. I have decent amount of stocks in my portfolio. Beside rent, I spent only 6% of my income, I kept my discipline very strict. I killed my temptation. I only bought what I need. No Gucci or no restaurant or no northface. I’m still using my dickie jacket for 4 winter. Still using my Corolla which never gave me a single issue for 3 years. Ramsey advice is very effective. I thank him for changing my life. Cheers.
Ramsey is wrong about some things but he also makes some good points. Debt can work for you if used properly. Rich people get rich by using debt not avoiding it
Please call in to Dave Ramsey and state your case. I’d like to listen in and hear Dave’s response.
@@firstnamelastname3558 it's common sense pick any investment on earth, you likely have to borrow from a bank or private lender to build most types of business. Sure you can boot strap and work to build something up to but those years you will never get back. Warren Buffett, Bill Gates, Elon Musk, Jeff Bezos, Michael Dell all borrowed money to build their companies and they are all far wealthier than Dave Ramsey will ever be
This is basic. First you must do these things, THEN you can learn to use debt properly.
First you need to make the kind of wealth where you can leverage it to build more wealth with debt.
Otherwise you'll find out you're just a schmuck with debt
Yes, self-liquidating wealth debt such as purchasing equipment for a production line.
100% absolutely positively right I’ve taken his course highly recommend it. But you gotta be committed! Seriously
Dave has spoken and I approve this message! 🎉🎉🎉
1. Have a budget
2. Do not be in debt
3. Live on less than you make
4. Save
5. Be generous
I had never heard of dave ramsey until after i've gotten my financial straightened out. It was my brother that was telling me about him. How I got my finances straightened out as one hundred percent in line with what dave ramsey teaches. I wish I had heard of him earlier. It would have been a lot easier than trying to figure it out on my own.
I was debt free at 46. Here's how I did it:
1. Saved while I lived at home.
2. Invested early.
3. Purchased rental.
4. Paid off rental.
5. Saved.
6. No kids.😅
And that is also the absolute main key.
DO NOT Get Married & DO NOT Have Kids…
Love this man! He genuinely cares.
Lmfao 😂😂😂😂 sheeple
@@jacobgoodman7987 Says the person who has never helped anyone in their life, 🤣🤣🤣🤣
So simple yet few willing to do it. The western world has become hooked on cheap money and having everything now on credit. Starting to see that get squeezed and a lot of people are feeling it.
You do realize the dollar has lost 99% of its purchasing power since 1913, right? It's a melting ice cube.
I have zero debt! Never had it never will!!
Rich don’t get rich saving money! Rich get rich putting their money to work for them to make money.
Yes but first of all you have to save before investing how can you invest if you've got nothing
@@honorineoussou7686 that extra $10 a week spent on crap purchases adds up to $480 a year. When you are just starting to get your feet wet with investing $480 just to play with in your first year isnt a bad idea.
I think you meant to say, the rich get rich by putting the money they SAVED to work for them to make money. You missed a spot.
@Spectate007 Yup! That $480 would have bought about 20 shares of QQQ back in 1999 and would be worth over 6k today. Ask me how I know... ;)
Dave mentioned after saving to invest the money.
He said the key word!... Plan! U got to have a plan for anything to succeed! As my old man would say u got to get it together with a plan!
Yep, I'm doing it too. It feels sooooooo good with no debt, staying on a budget, living below my means, invest.
I am in control, I stay away from marriage also.
I can be generous
Dave is awesome. He’s a very smart man who can politely give amazing advice. He’s harsh, but that’s a good thing.
A great plan Dave! I'm following that.
I save money even when I can't, because when I can I have so I recapitalize it so by doing this I'm always making my money grow so when I retire my life style wont be affected. greetings from Panama
Went through FPU. I practice 2,3 and 4.
Oh, an no one said this advice is EASY to follow. Success comes with hard work as well as a measured and dedicated approach.
"Success comes with hard work as well as a measured and dedicated approach." 👍
I've been debt free since 2003, never pay interest to anyone. I have and use a credit card and pay it off monthly, mainly to get the protection in case I lose my wallet and someone charges on my card
Life is soooo much better not worrying about money. Stop 'treating' or indulging yourself, save save save. Thanks Dave.
ILY.
I read your book long ago and you're absolutely correct. Because once your write the plan it hard to argue with yourself on what needs to happen to make it out or you'll just refinance into the slums.
An the tragedy is that other peopels opinion can directly affect your budget if you're not a home owner.
I love these videos, I'm paying off £3000 off a credit card over the next two months working three jobs thanks to these videos. I can't wait to be debt free.
How outrageously generous is Dave Ramsey 😂
Just imagine all the people he’s helped get to the 5th step in being outrageously generous. Millions of people are helped as a byproduct of Dave’s work
I love that !!!
I'm not rich, but I am outrageously generous and you're right, it's very fun ❤ 😋
Rich people first get rich by making a good amount of money, you can't save enough to get rich if you only break even for an average life supporting your family!
Rich people also get rich by not having kids when they’re not where they want to be in life
Low Overhead!! Drive a Car with no payment. Cut out Cable. Eat at Home, huge savings. Drink Alcohol at home mostly, don't spend too much at the Bar.
I do all these things EXCEPT cut the cable. I’m low tech and don’t know about things like Roku, etc…. 😞
@Holly B we all need our one luxury
@@brandonsaquariumsandterrar8985 👍
@@hollyb6885 I'm currently getting by on Internet, digital antenna for free local channels, and Netflix. I've heard the Roku isn't that hard to set up. Will probably give that a try.
@@lynnebucher6537 In my next life maybe I’ll be tech savvy.
He is correct. It worked for me.
I love this guy!
Yes this is the way to wealth
Why would I save and suffer just so I can be outrageously generous? Makes no sense to me when I can spend all that on me. Tomorrow is not guaranteed but I do strive to put some away for a rainy day.
Dave is right👊🏿💰
I’m hearing the following: let everyone else in your socio-economic upbringing enjoy their lives while you sit at home as a wise investor, hoping to stay healthy & live long enough to level up & reap the rewards…that is after finding new friends…because the ones you grew up with can’t afford to hang out with you anymore. Then you realize these new friends that grew up caring about money more than being happy & friendship kind of SUCK and it makes you suddenly feel compelled to generously give it to your old friends anyway. Is that about right?
*Whoosh
Love your show .... cheers from Australia 🇦🇺
I save as much money that I can. Yes I shop but there is a cut off price. I live in my mom n dad’s home. Then are gone now and our home was paid off in the 1990s. I pay the utilities and we have solar panels. People ask me how do I do it. I worked retail jobs. I know last call prices. I only have 2 credit cards and minimum limit $1K Macy’s. 2nd Mastercard $2K limit. I am 57 on SSDI. I underspend. I have nice gifts but price limits. Thank you.❤😂🎉😢❤❤❤
My SSDI is $26K benefits yearly. I hate paying high prices.
The only guy on the internet that makes sense
Excelente mensaje para todos nosotros. Mil gracias. 😊🇨🇷
Great advice Dave! Most impt is live on less than you make... Common sense....😊
Specially #3.😊
Facts!!
Debt is not a bad thing. If you know how to use it, it can make you way more money than not being in debt.
True but majority of Americans don’t know how to use debt the correct way to make more money, that’s why Dave Ramsay’s method works- as it tries to reach budgeting, self control, living within or below your income.
I'm starting on this...this month i can actually do it..i have no debt and live in an apartment I'm saving wherever i can each month i want to move from what im at to a better place
I did a lot of these things before Dave Ramsey was a "thing". And now... ya I'm outrageously generous.
Amen, it’s already done for me.
Number 6, don’t tell anyone you have any extra money. Just keep that between you and you
Great stuff... I especially like how he didn't define what "outrageous generosity" looks like because it could be different for each of us.
It doesn't necessarily mean giving money to a charity or church. It could be in the form of volunteering. It could mean giving your children a head start in life by helping them buy a home or ensuring they don't graduate with college debt. It could mean providing a comfortable life for your parents or investing in a budding entrepreneur or heavily tipping our brothers and sisters in the service industries. We get to decide.
Generosity comes in many forms.
Be generous to someone who didnt work for it? No thank you. No free handouts.
I kinda feel the same way...where were all these giving people when I was working my ass off on these steps??
These are significant life lessons.
I rarely agree with most if not all of what comes from him. but this is an exception.
I’m fine. It’s inflation that’s dragging me down.
Having a side hustle barely makes a difference. I’m working harder and sacrificing more just to cover the same needs.
Number 5 is most definitely the best part!
Thanks
I love the 5th one! Working on it! 1-5
I remember those old VW Bug commercials where they had a picture of a VW Bug with the words “Live according to Thy Means.”
Luv it; yes!!! I’m doing that plan- it’s coming!!!
Dave’s the man!
Gotta say hes right. Very first thing to do is create a budget sheet
I already am working on number 1
Outrageously generous with spending money on my family or myself
Rich people don't save money , they just make more
Hoping I can achieve this in one yr.
Wow! This is great Dave! Very true and inspiring! Thanks for this post!
Doingit, on step 6. Didnt like you at first, but you are 100% correct.
My parents were dirt poor, after the collapse of the Soviet Union, they couldn’t build anything without money of their own, so they borrowed a loan from bank. In the span of 4-5 years they created a profitable business and repaid the loan. The moral of the story is: If you already have a good plan in mind, debt becomes more a friend, than foe.
Ask Dave what is money love on his precious show.
I think a question should practice generosity even before they become materially wealthy. Generosity does not have to be material things but it can be time and service, etc..
Dibbs to him making money by helping others
Be smart with money😊😊😊
He is correct ✅
I love living on less than I make. During my years on active duty. I never had to pay for anything lol. Just collecting money and had no bills. Drove a 3,000 dollar truck the entire time and paid for my phone. No rent or utilities. It was awesome.
I have a friend who cant get past step 1 lol. We make the same income yet he's ways broke while I'm deciding should I put my money in the s and p or just a CD
It's not that he can't... it's that he won't. People can come up with a million excuses why they aren't doing something.
1. Check. 2. Working on it! 3. Check 4. See number 2 5. See number 1 through number 4😂
You are very good man for telling the true 👍👍👍👍👍👍🙏🙏🙏🙏🙏🍺
I would love to be able to do that last one!
Wonderful tips! To add one: make savings automatic. And every penny counts :-).
Rich People don't SAVE 💰 They Invest & Leverage Money, Gabiche 😊
You’ve been watching too many CZcams “investors” lol
Leveraging debt does not make one stupid, it makes one wealthy if done wisely.
There’s a reason banks make so much money giving out loans
@@Culture-and And how do you think banks obtained the money to give loans in the first place? They didn't take Ramsey's debt advice, that's for sure.
@@micahmartin4762 Do you think leveraging debt is the best or only way to become wealthy?
@@Culture-and It depends on a person's circumstances. It's not the only way. It's a really good way. And sometimes it's the the best way.
There’s a few types of debt. He is talking about personal debt which people confused with leveraging debt that companies or people use for investments. Obviously personal debt you just want to get rid of, there’s not leveraging that debt.
I love this guy🎉 spot on
Outrageously generous 🔥💯
Serious question: what do you suggest for people with disabilities who are unable to earn a livable income but do not qualify for a lot of benefits?
Give And It Will Come Back To You It All Belongs To God Anyway 🙏
Yes sir !
Great advice Dave 😅