Dave Ramsey Financial Advice I Never Followed To Be Debt Free
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- Äas pĆidĂĄn 30. 06. 2024
- I have no debt & own my home. Here are 8 pieces of Dave Ramsey advice I never followed on my debt free journey.
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đš Who am I?
I am Jereme - my wife and I paid off 50k in debt, quit our 9-5 jobs, sold most of our stuff, drove across country from Oregon to Michigan, and bought a small A-Frame Cabin in cash to live simply.
This decision gave us more control over our time to actually focus on the things that matter to us - serving Christ, each other, and our community better.
I created this channel to empower you to become more intentional with your time, talent, and money in order to live the life that you want to, not what society expects of you. - Jak na to + styl
I just think the best thing about Dave Ramsey teaching, is that he gets people to hate being in debt and showing them the light at the end of the tunnel; also some people in a such horrible financial situation, that they really had to be on rice and beans ( symbolically of course) in order to start it moving; I didnât follow exact steps in Daveâs teaching, but I paid off a huge debt in 2 years and now a debt free with Godâs help and after I started listening to Dave Ramsey. So Iâm forever grateful đșđžđŒ
Awesome Lova!
I agree đŻ
100% agree!
I believe everyone should know and learn the Dave Ramsey process first, get incredibly good at it and then later branch out and take a bit more risk perhaps. His process is the solid foundation that everything else needs to be built on. Without it, your tower is so likely to crumble. I love Dave because he saved me and taught me the financial discipline I needed and I love Robert Kiosaki because heâs helping me grow wealth faster. Combining the two is like magic. But donât you dare to combine until youâve completely embodied Daveâs practices or youâll lose everything once again.
Agree! Solid foundation. I followed most of his plan.
I love what you said âPersonal finance is just that⊠Personalâ. I agree with a lot of what Dave teaches but you have to do what works for you and your family. Love this!
100%, Austin! Thanks!
I agree. Every Friday we got Little Caesar. We went on inexpensive weekend trips. Love Dave. Gives you the basic tools. Then you got to make it work for you.
Right on!
Gotta get that Lil Câs!
My wife and I have never had a credit card and we still managed to buy a house so even then credit score didn't matter. Yes I'm fully aware that you can leverage debt to make money and yes I know you can use credit cards without abusing them which seems to be the problem with Dave's typical audience. However I also know that avoiding debt hasn't held me back at all. I don't worship the ground he walks on but his advice on knocking out debt won't steer you wrong.
Nice, Jared! What mortgage company did you use? Might be helpful for those who see this and don't want a credit score, like you. I don't think Dave's advice is wrong because it has worked for tons of people. But ALL of his advice is just not for me.
@@gojereme I'm the same way. I don't follow 100% but the credit card was something I've always wanted to stay away from since I was a teenager. Then I found Dave and felt justified lol.
As far as the mortgage company goes I'll have to check. I don't remember bit I'll find out and come back
You don't need credit cards to build credit for buying a home. Car loans are another way. They're easier to get, because you have collateral, and they're harder to abuse, because you can't add to the balance.
@@gojereme Guaranteed Raye Affinity was my lender
@@DaveM-FFB I had no debt at all until I bought my home. Debt was just something that I personally avoided and still got where I am. To me debt is like alcohol. I don't recommend that everyone do it. Some can handle it. Some abuse it.
Dave is great but once a person realizes he is teaching you the safest approach then you can decide where you want to take more risk.
He self admits all the time it's the slowest way to build wealth. He tries to use the data that it takes a person approximately 10.2 years on average to get through 7 steps. You just have to realize it's a a lot of factors that go into it.
Very good video. Again Dave has mastered the ability to help people turn a light on their finance. For that anyone teaching personal finance should honor him.
Totally. He definitely ignited a fire in me when I didn't know where to start.
Yes, us too.
I learned Daveâs method because I was the one having issues relearning how to manage my money. My husband was very thrifty. My mom worked for a bank so I learned early how to get into debt and think it was ok. We did baby steps different because my husband was working out of town at times and laid off in the winter. We had 3 little kids at home and needed to avoid paying day care. Our first step was emergency fund for 3 months since we needed to not rely on debt to get by during times of no work. Then we paid off debt. It was hard and I did have a flexible service based job to work when I could. We did not go out to eat and didnât do âvacationsâ but did travel in summer to go see husband when he was working out of town. We always get a hotel room with kitchen so we can buy simple groceries and not eat out. We actually still do that a lot, even now that kids are mostly adults.
We are debt free but going to be building a new home soon. I am appreciative of your advice as we navigate trying to pay cash but realizing we may need to rely on loans for some of the process. We are doing as much of the work as we can ourselves.
For sure, a 3 month emergency fund makes sense in your situation. I think as long as we know our destination, we can be flexible in the approach/plan based on our situation.
Amen Jereme! We follow Dave Ramsey to a degree, but there are some areas that are more extreme than need be or than fits various people. It's all a spectrum; if you lack discipline and know that, maybe some of the extreme limits/boundaries are needed as behavior change, but it is unrealistic to 'live like a hermit' as you said.
Dave Ramsey is undoubtedly the G.O.A.T of personal finance. But I don't think people need to blindly and strictly adhere to him without giving serious thought to their goals and resources. You aptly pointed out so many things. But I agree with you wholeheartedly about coupons. Coupons drive human behavior towards mindless consumption. How is it benefiting me to save .50 cents on two or three boxes of cereal when I only need one. I am not chasing gas prices either. Another consideration, 1K is inadequate for an emergency fund. People should likely have enough to cover one month's expenses. So many people are experiencing prolonged periods of unemployment. I don't think the younger generation is willing to place all their financial bets on wealth at 50 and beyond. Thanks for your insights and thoughtfulness.
LOL. This G.O.A.T. was a failure by his own standards. Only through bankruptcy protection, and by not personally following his own baby steps, was he able to rebuild his empire. Of course, having an emergency fund and no consumer debt will always make sense.
Appreciate your input! Yea, emergency fund may be a little low, but I think that's the point. It achievable for people who have never saved that much before. It's about momentum with the baby steps.
Heâs the G.O.A.T. at separating people from their money.
This was awesome! Iâve always loved Dave but even he has his flaws and what works best for him really doesnât work for the average person. Heâs good for people who arenât good with money but once you are, you donât need his advice nearly as much.
I think the Ramsey plan is meant to give us tools to handle money and get out of debt.
When you are overwhelmed and you can't figure how to dig your way out of debt because you never learned the tools it's a gift of relief and a light at the end of the tunnel.
For me I don't have a lot of debt as many people have but I am happy to learn everything I can to improve my life! I feel more in control of my life and more confident. Use it how it best benefits you! Knowledge is power!
Focus on growing money instead of saving money is superior by a long shot. When I abandoned Daveâs philosophy is when my net worth finally started growing.
I don't believe Dave is against growth, just slow risk free growth.
Your content is getting better brother. Keep up the good work. God is clearly given you wisdom to share with others. Stay blessed. Ephesians 1:3
I appreciate that, AJ!
I'm also hispanic/latino, and rice and beans ain't a sacrifice I love them too haha, great video Jereme on a different perspective on "Personal Finance," you right it's personal and different for everyone. There's no right or wrong way as long as we all become debt free it doesn't matter what path we take as long as we get there slowly but surely. Que Dios Te Bendiga.
Ha..I could eat rice rice weekly! Beans probably daily!
I don't follow any human. I read my Bible everyday and let Holy Spirit lead. I feel like I'm in school everyday reading God's Word.
Not even Jesus working through someone else?
@@M..................... if I read my Bible I'm learning to trust God and myself and my husband. I've listened to other people but they aren't in my shoes. I listen to others, but I don't follow what they say and do. Trust God and yourself.
Most folks know they need financial guidance, but they don't have a goal. Having a goal of "debt freedom", is different from a goal of "financial independence", and it's also different from a goal of "financial security". There is some overlap regarding actionable steps, but the path to each goal is different. Be intentional when selecting a goal, and deciding who's advice will set you on a path to that goal.
I love your comments, David! This is true. One thing I would say is that my wife and I had a deeper goal than "becoming debt free." Becoming debt free was just another step towards how we wanted to live.
We loosely followed his baby steps to get rid of burdensome credit card debt but glad I didn't follow his 401k matching advice. Never leave money on the table, you would not pass $20 on the street do not forfeit part of you compensation. If I listened to him on that part I would still have negative net worth instead of almost $750,000 net worth (250 k I equity but I wouldn't have that either if I followed DR on that front too as I only had 10% down and mortgage payments are considered too high at the time per DR rules)
Serious wisdom right here!! Iâve been paralyzed by overwhelm, but your reminder to start small is very helpful. Trying to do too much at once. Going to pray about where to start. Thanks
You are so welcome!
Always, encouraged by your perspective. Liked how you invested in you to develop a skill. You really don't have the to do that if you are working 2 jobs. I feel like I can waste a lot of time putting out fires of the moment, and then feel frustrated because I'm not getting anywhere. It's good to have the long view in mind. Thanks again!
Definitely relate to that last part where you talk about doing the right things at the wrong time. I bought a house back in November of 2023 and while it was a huge accomplishment, I felt an immense weight of that mortgage and added responsibilities tacked on to that. I miss having cash flow and often think about renting this place out and moving back in with my cousin so that can I go back to aggressively saving/investing. I donât know where I want to go in my career either. Iâm sort of all over the place. I appreciate this channel though
another great video! i spend dozens of hours a week studying for my architect's licensing exams. i keep thinking dang i could be working a 2nd job making extra money but i also have to keep reminding myself that its an investment in myself and my future goals for my passion and salary!!
We also budget a modest amount for dining out a few times a month.
We use a credit card to gain the cash back and pay it in full every month (not to purchase things we can't afford or don't have the money for).
We don't really worry about coupons (they're usually for the more expensive brand to begin with).
With the second job thing, we don't just get some random low paying second job. We contract using our skills/career experience, without consistently sacrificing our work/life balance.
In the same vein, vacations shouldn't be sacrificed. We need rest and a break from all the working! You can take reasonable vacations, you don't have to fly to Europe for a week. We keep a 'recreation' sinking fund so we can still go to concerts, stay in an air bib, etc).
I also agree that cash is more difficult to track and keep track of.
The biggest thing Dave helped us with was the idea of budgeting and knowing how much we make, what we can spend, and how to reach small goals that lead to a bigger goal.
Love it, Oliver!
I agree with you that each person's/families goal should be for them personally! I recently read Dave Ramsey's book and while I can agree partly on many of his ideas, the biggest one I cannot get on board with is no credit cards. Is it possible? Totally! But I'm with you-credit cards are a tool. Having a good credit score can help you when you CAN'T pay cash for everything, such as a house. I've had credit cards since I was 18 but I was taught how to use them (when many people arn't) so I compromised and cut up of three of my six cards. This works for ME personally and kudos to those who feel secure enough to go without them completely.
Wise beyond your years my friend. I am glad to stumble across your channel on my own debt free journey.
In my experience, I found that eating out is such a part of American culture, that I would miss out with a lot of social interaction with friends. Like you said, you need to budget for coffee and eating out because it can add up really quickly.
Also, I work for a company now, where we have a contract with American Express. I do welcome calls with business card holders. I now now that you only pay for things you need to pay anyway. Things like you utilities, supplies, food, etc. If you pay off your balance by the billing cycle due date, you don't pay interest, and you can get rewards in return for the things your spending on. The big thing is to not spend more than you can pay back, and have some self discipline. I also found that as a young person, I didn't have the option of saving money for a car or school because I paid the majority of my schooling myself through my income or scholarships. And in order for me to get to my full time job, I had to get to a car. I saw schooling and a car more as an investment. However, when I realized how much debt I would be in after finishing my degree, I decided not to return to that school. And even though I didn't leave with degree, or the best grades, the friends I made there, were amazing people, many of whom I am still in contact today. And I learned a lot from that one year, and I would never trade that knowledge about life, faith, and history for that one year or the the money I am almost done paying off. I eventually got my CNA, like Grace, and worked in that field for three years. By dropping out of school, I may have gotten a lesser paying job, but I probably only would have made $10,000 or exactly the same as a youth minister. And I saved myself close to $85,000 in debt.
And I feel the same way about using cash. I would spend it more than just using a card. Also, my brother and sister in-law used the envelope system. There was one day they lost an envelope in Walmart. It had $300 in it.
I have read books authored by many "Financial Gurus" (including Ramsey). I used the concepts that made the most sense to me. Particularly when the authors achieved success by following their own advice (Ramsey, not so much). The best way to reduce expenses is to "fish for the big fish" (federal tax, transportation expense, loan interest, insurance, subscriptions).
@Candace Rechner Most influential personal finance books in no particular order: Rich Dad, Poor Dad; Cashflow Quadrant; Wealth Without Risk; Total Money Makeover; The Millionaire Next Door; Your Money or Your Life; and Unfair Advantage: The Power of a Financial Education. All on my bookshelf to this day, and worth their weight in gold. These 7 books outline the "mechanics" of wealth building.
Much needed video especially for us that are decent with spending and investing
Refreshing perspective! Use to feel bad for not following experts like Dave Ramsey to the word but you have helped remind me that you have to make it work for you. I bought my car which had come to the end of its lease terms, with a credit card which I spread the paymentsover 2yrs. But once I've paid it off, the car will be mine rather than get another car on lease with more monthly payments.
Glad it was a helpful reminder, Claire! A paid off car will be a great feeling!
Thank you for sharing. Can you share snippets of a trip you and your family take and how you keep it budget friendly? This was a great video just like your other videos.
Iâm planning to do another cross country road trip in a couple weeks staying in hotels for free. Iâll do my best to keep this idea in mind. Thanks, Sandra!
@@gojereme Thank you, Jereme!!! I appreciate it. Trips can get so expensive so it would be interesting to see how you are able to have a great trip but on a budget.
I'm debt free, started listening to DR about 2005, I didn't follow his advice for the most part except I stopped borrowing money. Sold a lot of stuff and hammered my debt until I got debt free which took about 2 years on consumer debt and about 15 years to pay off the house. Life has been great and I have a ton of paid for stuff, cash and investments.
Right on man!
We are just starting our debt free journey and like DR on a lot of major points. However, we are deviating and buying a house. 1) we are getting a super low interest rate on a modest house with barely any down and 2) it will be more affordable than where we are renting and for more space for our family, yard for our big dog. Weâll end up saving $800 to $1000 on living expenses each month which is so much more worth it than renting and having the rent skyrocket each year on us.
Why wouldnât we improve our savings rate in the short term which helps us pay off the debt? Then down the road weâll turn the house into a rental and go up in hopefully our dream home! We are also way too cramped since weâre raising our nephew now, need office space for us. Itâs worth it just for all of our sanity!
I also have a hotel and travel credit card. I used the hotel one on rent so have two free weekends and an entire week or so in free Hilton hotel rooms. Some travel points which go further when booking airlines. While I did get in some credit card debt when I started a business, weâll get that paid off and not do that againâŠ
You are awesome, Jereme! Great words and video.
I appreciate that, Tommy!
On the issue of dining out - penny pinching seniors taught me how to do it economically. Only order the entree (no salad, appetizer, or dessert). Your beverage selection must be water! I've even seen seniors ask for lemons and sweetener with their water, so they can make "free" lemonade. Take advantage of the "early bird menu" if possible. Say no to valet parking! Finally, tip at 15%. Doing these things will make dining out affordable, so you can keep it in your budget.
Never even seen a restaurant with valet parking lol
@@janelleg597 LOL. It's an urban thing.
Definitely did all those things too when I was in debt. Now, we splurge on appetizers and drinks if we want it. Itâs these little things that make me so happy. Lol
Ramseyâs advice works for my family and myself so Iâm sticking to it.
Good choice! His advice does work.
Dave ramsey helps motivate people who are really struggling and really have no clue where to start. Once you understand his teachings and have a solid footing then you kinda branch off. And do the dave'iiiiiish method.đ
This was a great discussion. I think it would be great if you did a video on your top tips that work best for you. Easy ways to help to move people in this direction.
Got it! Do you have a specific question about how to be debt free though or about what I mentioned?
My question is pretty broad. How do you pick the first step? Is it mindset? Or an actionable step? Clearer? Thank you
Totally agreed!
I think Dave Ramsey gets you motivated, but for my husband and myself, we were on the journey--but we did it how it worked for us. We never did envelope system, we used credit cards for points to treat ourselves for the milestones. We got an expensive hotel and paid for it with points and went to dinners and concerts. But we also did these things in order to stay motivated to keep on the budgets. You cannot just do rice and beans for the whole time and not treat yourself especially if you are talking 2-6 years to get out of bad debt. Now we do have a mortgage, and two vehicles on our business accounts. But, we are happy with leveraging our debt in order to have liquidity to invest. We no longer have credit card debt or student loans. For us, that is good and we will continue to live frugally and celebrate milestones. You cannot defer happiness into the future all the time; it just doesn't work for everyone.
Good video bro, I am the same way I never cut my credit card I take the cash back and pay it weekly to no have any surprises as well it helps me with my credit score for car insurance as well to track my expenses
Nice Juan! I just set up automatic payments to pay the full statement balance every month, so I don't think about it.
Wow I have the EXACT same views, glad Iâm not alone, sooooooo helpful
You also need to shop brand names to use coupons, which cost more. Cheaper to buy the Walmart store brand or shop at Aldi.
I agree with you on many of your observations. I am a follower of his steps - however they too are a bit modified. My perspective is those hard-line rules he preaches is good for those individuals who are reckless and undisciplined in their spending habits. Almost like 12 step plan for Addicts. It is also the FASTEST path to financial âpeaceâ. That said⊠aside from my mortgage I am debt free thanks to Daves steps. If I had followed them to the letter it may have been a much faster path and I may have actually paid off my home by now. Iâve got about 5 years left on my home. Thanks for sharing and I really enjoy your channel đđŒâ„ïž
Definitely agree with you. His plan does work, can't argue there - I just wanted to show that others ways can work too. Thanks Lizzie! :)
I agree with you. My finances is personal. I was able to with God's help to disciplined myself to get out of debt and stay out of debt. Thank you Jesus.
Liked your video and it hit lots of points. Also knowing you're a God fearing person, which like minded people can draw closer. What books did you use relating to stocks? Thanks
Thanks! I recommend this book - Simple Path to Wealth - amzn.to/2QyVehk
I decided to build wealth to financial independence first and only slowly pay down the mortgage. Over the past 6 years, have managed to paydown extra principle so now I can tackle the mortgage without endangering building wealth. It takes wealth to build greater wealth. I had to build to that f i r e number, first.
Some people just don't know where to start so Dave Ramsey's plan shows them how. Once you start you can tweak it as you see fit, but if you stick with his plan it works.
totally
Very interesting.
My wife follows his Baby Steps 1-3 but we have taken vacations including this upcoming winter break but everything was paid for in cash. We also have a budget of spending money on eating out. We got married 3 years ago and we paid off about $48k in debt out of $67k.
Awesome Ovalle! Almost done paying it off!
Personally, I love cash. I give myself a weekly cash allowance and when the money is gone, I buy NOTHING, ABSOLUTLY NOTHING till my next allowance date. My Dad taught us this method as kids and I follow it to this day.
You are right about doing what is right for you and yes Dave Ramsey follows biblical steps. You sound more of what Gail Vax-Oxlade used to teach and before Dave she's the one that opened mind and made money click for me.
Yes! I agree so much! Ramseyâs solution applied to the situation heâd gotten himself into. If his method works for other people too, I applaud them! Much of what he preaches is counterintuitive though. And speaking of preaching, itâs a big turnoff to have to make everything so Christian speak. You donât need to eat Virgin Mary pop tarts for breakfast or Holy Spirit hotcakes (OK, a little exaggeration, but you get the point). I donât care about how someone chooses to live with regard to religion (or lack of). I care about good, solid financial principles.
Have you read "The Richest Man of Babylon"? I really like it as it was less a step by step manual than mind set change. I will be honest I am not that religious but I would be curious on the opinion of someone who is and their opinion on the book. Fwiw, yes I know the book is written for men but it is an old book, I am fan of "Eat the meat spit out the bones" when absorbing financial information.
I have not read it, but heard it was good!
Great video
Glad you enjoyed it
I agree with all of those things. We pay everything with credit cards and pay it off twice a month. We make like $50 a month in cash back. That's free money plus a good credit score. But I mean, I can see how it can get out of hand if you're not planning ahead to know for sure if you will be able to pay off the balance with real money each month.
Agreed! Discipline and planning ahead every month is key.
Aahh yesss! Im Starting to invest , and I'm hiring a Profesional financial investor to help me begin the process. But 1% DOES go a long way and truly don't want to pay someone on the long run. Cus thatll be a big chunck of my money gone lol What are some books that helped you understand stocks and all of that? I'm speaking 101 here lol
I like this book - Simple Path to Wealth - amzn.to/2QyVehk
Dear Jeremy, i just wonder, what do you think/perspective about Rich Dad Poor Dad book by Robert Kiyosaki? By the time i read it, ive got so much confuse:(
I have read it. It makes sense and does work. Robert and Dave have different point of views on the world. Dave doesn't use leverage and Robert does. It really comes down to what you are pursuing and why.
@@gojereme ouhhh okay okay, got it. Thank you jereme love from indonesia!:)
Those are great tips. I am so close to being debt free one more payment and I followed some of Daveâs rules. We set a budget for eating out and a weekly allowance so we didnât feel so stressed working working and not being able to enjoy anything.
Thanks! Super close, congrats! :)
I'm reminded of the Biblical Proverb, "There is safety in a multitude of counselors."
Although I believe Dave Ramsey is great, we tend to make a religion out of a person or organization or even a church or pastor.
Good point. A relationship with Jesus first!
Your perspective is refreshing, want to be youtube friends?
sure!
Love your videos but wow you say like and um and right sooooo much
Yh, like you said personal finance is really personal.. with all these finance gurus for me itâs basically eating the chicken and spitting out the bones lol.
I would love if you could do a video on basic investing. And where do you invest?
Got it! What is your top question about investing?
Working that second job was a killer for me.
Gotta do what we gotta do sometimes. I respect the effort.
Yea! I talk to my girlfriend about this all the time with finance. If I donât budget for having some fun Iâm just going to be stressed out! And honestly really not pay my debt off that much faster.
Exactly, you know yourself best. Only you can make a plan that actually works.
when you said gas was $1.40 my soul did a frontflip. hitting me all over again how expensive it is now
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i never paid interest in credit card i pay them fast regulary..i got free stuf from it..my credit score is very good..in here in canada..we need credit score sorry but help for ton of stuf like getting best interest rate on morgage shoping amazone ..reserve hotel ect..we are in 2022! ..credit card are necesairy as long ..we paid back fast..mean control..dont spend what you can t no affort...credit card dont make e penny on me:)
Exactly! Cant rent a car without a credit card too. I have tried not, but they would not let me.
The key message I get from this video is bountries.
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I don't think I do any of that. Stock markets look like gambling to me and it just feels wrong personally. I don't even follow any financial plan and still don't go out to eat or do takeout more than once or twice a monthđ€Ł not a very big fan of restaurant food.
Whatâs the plan to outpace inflation if not investing in stock market?
Agatha, I can see why you believe it's gambling. I used to invest in single stocks, but realize that it felt like gambling because I had no control over the companies. So I decided to invest in a bucket full of thousands of companies, so I reduce any risk - it's called an index fund.
@@gojereme how do u invest in an index fund?
@@gcalderon15 I get that question a lot, I'm going to have to make a video about it. Also, love your last name :) My wife's maiden name and family are Calderons.
Gas @ 1.37$
Everyone in CA đ©
It's actually 2.99 here, that 1.37 was just an example lol But yea, west coast gas prices are insane.
Yeah, he has a good plan overall. But I don't think it's necessary to follow it 100%. But I don't think it's necessary to have credit cards though. I think they're a scam. And restaurants are too. They charge a lot, pay a little. And it's just bad deal for everyone except the owner and the suppliers.
Im curious, why do u think they are a scam?
@@gojereme Restraunts because there is so much mark up. You can eat at home, significantly cheaper. We do, at any rate. Credit cards, if you can pay them off 100% of the time might be ok. But they're a temptation to spend money you don't have. And cause the vast majority of people to become buried in debt with "scam" high interest rates. So, I personally don't see them as a wise thing to have.
What ok
I'll teach you how to coupon to make money! Don't knock it til you tried it đ
I wish I could coupon, don't know the site's
I'm happy to listen to your plan. But dont put down Dave
Where in the video did I put him down?
Gas is $1.40? What century are you living in, sir?
playing around with credit card debt is a bad idea, Dave is right about that, and you are one emergency or impulse purchase away from blowing up those cards.
Lost me at the credit card points âŠ
Lost you because you disagree or you don't understand how to use credit cards?
@@gojereme because most people are not aware that if you pay off balance before the apr hits you still earn points. for many it is making the minimum payments and high %
@@simplelifevibe ohh good point. Yea, I just set up automatic payments for the full statement balance and never pay interest.
Good message. The constant brushing of the microphone was extremely annoying though
Note to self: donât put mic on jacket
The way you did it only works for very few. Because you were able to be disciplined with your money. That just wonât work for so many. With Daveâs plan it becomes emotional. And many with feel the relief as they pay every item off.
But you did follow him & got out of debt at one timeđ€·ââïž. Why would you NOW shoot your original teacher! Just quietly move on being thankful for his lessons!
Jeremy, I hope you didn't pay for that Ramsey class because you failed lol
good job using Dave to get clicks lol. It worked. Kind of petty and overused tactic, but hey I guess it helps him too. That being said, I agree with many of your points. However, Dave's advice is mostly meant for people that are not disciplined enough to leverage credit cards and such. Also, got to keep in mind that Dave runs a radio show, so he HAS to use hyperbole when he yells things like rice and beans rice and beans! The point is stop eating out, I'm sure doing it once a month or so isn't a big deal on a debt free journey.