Be Weird Or Be Broke! - Dave Ramsey Rant
VloĆŸit
- Äas pĆidĂĄn 19. 03. 2017
- đ” Create Your Free Budget! Sign up for EveryDollar âź ter.li/6h2c45
đ±Download the Ramsey Network App âź ter.li/ajeshj
đ Visit The Ramsey Store âź ter.li/7vyom2
đ Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
đïž The Ramsey Show âź ter.li/ng9950
đž Smart Money Happy Hour âź ter.li/9gcp3d
đ§ The Dr. John Delony Show âź ter.li/2u3mc0
đ° George Kamel âź ter.li/1elws8
đĄ The Rachel Cruze Show âź ter.li/n2u6jc
đŒ The Ken Coleman Show - Highlights âź ter.li/1rbjr2
đ EntreLeadership âź ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
Make sure to hit the subscribe button and thanks for watching! czcams.com/users/DaveRamseyShow
i hated this rant immensely
As I get older I'm proud to be weird, have no car living with my family, credit cards paid off each month, business MIS degree with no debt, live the minimalist lifestyle, sure beats the popular alternative
Yup
Hey Dave God bless you and thank you for taking the time to help people to live a better lifestyle.
I took your course and in 1 year paid off two credit cards that have a 2k balance have the emergency fund sold my car that I was 5 thousand upside down in I inherited from an ex got a unsecured loan on the negative equity that I set on auto pay in tackling that, I bought a car with 90k miles less that is a 2013 for 20k OTD and lowered my payment from 425 per month on the other car to 375.00 on this car as soon as the unsecured loan is paid off from the other vehicle. I'll be double what I'm paying on my student loans. I paid one off my student loans off with a state tax return that was 5k now I'm paying off the 13.5k welding school loans. I'm making 60k yearly with my day job I'm 29 years old with no mortgage. And currently have 36k in debit
If I was your son what advice would you give me moving forward.
Thank you in advance.
ha i love you're honesty when can i call into the show?
Thank you for making me a millionaire. I am 42, have 15yrs to go before retirement and save between 70% to 80% of my salary every month. I have zero debts and I am the happiest soul on earth. If cash cant afford it, then its not worth it. Nothing can ever replace the joy of getting a full salary and then saving 80% of it. I am a happy minimalist. I do return a 10% tithe to the Lord with a big smile on my face
Congratulations on your freedom bro
Sounds a bit sad
Hey man, congrats! Perhaps start investing some of that? Iâd like to know that youâve become been richer in the coming years
@@giezyvillavicencio1594 I do the same but as a university student and I feel great about it, any time a surprise expense comes up I always have the money to pay for it, I pay for everything in full and don't have to worry about payments at all
@@giezyvillavicencio1594 Yeah. A millionaire who has a 70-80% savings rate. How sad /s
"Act your wage!" Love it...
Dan A. đȘđŸ
Act below your wage.
A lot of people don't understand that.
I gotta remember that one
That's a good one
When I first heard Dave a year and a half ago I had $11K cc.
Now I have zero cc debt and $20,000. in the savings account.
Dave is a National Treasure
Oh WOW, good for you, that is REALLY something to be proud of. Bless ..
Congratulations!!! Stay strong and clear.
GOOD FOR YOU! đ„łđ„łđ„łđ„łđ„ł keep at it!!
Him Bike International
Nice man. Have you considered other investment vehicles? The interest youâre earning in your bank account could be earning more in an S&P 500 index fund (VTI) or ETF (SPY).
âThey are better at marketing, than you are at living your life.â Nailed it.
The sad truth.
Especially Apple!!!!! They are notorious for making consumers "feel like" they must have the latest iPhone! I couldn't believe that people actually financed these phones.....wow!
@@tanitrarobinson7477 Never had that feeling, my phone works so why do I need a new one?
@@tanitrarobinson7477 Thank God I am using Google pixelđ although Shoppee bombards me with unnecessary stuff to buy through CZcams, as Google owns CZcams.
Been using my phone for a year now, and I only changed phone once the screen shatters
Honestly, his one-liners could fill a book.
Imagine being 16 years old with no debt, and beginning the baby steps..... you would be soooo rich by 30!!
pauljosse
oh I wish
pauljosse at 16 you don't have many expenses. Once you are on your own paying for everything yourself you realise it's not as easy to save as when you were 16.
Yeah but most 16-18 yo's with some money wanna spend it on partying and ' memories ' .
mac1bc So many things we are sold are just a myth. Redesign your thinking and you will see the truth. For example we are thought by financial industry that you can't buy a house cash but it a myth because there are people who have done that. You can't buy a car cash lie, you can't, you can't,you can't. They have planted this thing in our dna. It a lie.
pauljosse I'm I'm doing this at 14. If I do everything correctly I should be good :D
I'm 23 with no debt. All my friends think I'm weird for not buying a car.
yout aren't weird for not buying a car, you are a dependent, dependent on public transportation or someone else. Save up and buy a car dont lease, dont finance, Buy what you can afford and you still will not have a bill, just include gas and maintenance in your budget
@Faizan Ali Yeah, I saved my income for a whole year to buy my first car, 3 years ago which I still drive, so I would never have to pay a car payment in my life.
In my state Insurance is required! Watch the laws in your state before buying a car. (I live in Georgia btw)
Taking public transport is WEIRD
Iâm 55 years old.
In 2001 I bought my first brand new car (Dodge Pickup).
I still have it 18 years later and Iâll keep it until it falls apart. It still runs great because Iâve always done maintenance.
I respect this guy because he gives it to YOU raw
Yeah he does some days i hate him for being so brutal but actually angry with my self for being so stupid...
Facts
Everybody needs to hear what he says, but not everyone will get it.
That's right, he sugarcoats absolutely nothingđ
mmmm yeah daddy Dave give it to me raw
A lady i work with is âcar shoppingâ with her husband because their current car got totaled. Their insurance company wrote them a check for $5,000 MORE than what they owed on their car, and they were able to pay it off with the lender. So you know what they did? Theyâre going to put that $5,000 down on a brand new $50,000 car, so theyâll be in debt for 5 more years. THATS STUPID ON STEROIDS, BABY!!!
A coworker just told me yesterday that she got a brand new car with a $600 car payment! Ouch!
TWDxKILL3R you canât fix stupid...
Wowwww
xD
Doesn't make sense đđđ
these rants are essentially the same thing over and over again said in a little different way, but they never get old
DMaster81 Dave hasn't done anything new since his first book came out. He's given the same talk for 30 years and does nothing but say the same things and make the same dad jokes over and over. It works, but he should change it up a little.
If it works, why change it? New people coming to his site need to hear the same messages. If you've heard and mastered everything he's said, then go and spread the message yourself.
He should change his wording, examples, and please, oh please, learn some new jokes. I am spreading the message, in my own way.
it's like losing weight. EAT LESS, EXERCISE MORE. But it's a freaking multi billion dollar business hahahah
The math never changes, so the message doesn't have to change. The only thing that changes is that there is more stuff to waste money on. (so you have to be even more disciplined than in the past) Pensions are also a thing of the past and S.S. keeps getting worse, so even more reason to save and invest, instead of spending money and or going into debt over stuff you don't need.
I'm 21 and people look at me funny when I watch your show. But I don't care I'm being weird for a reason
Ayala 2024 amen!!! One day they will be in so deep theyâll have no choice but research Dave! đ€Ł
Me too Iâm 28 and I own 4 homes I have cash flow no debt thanks to Mr Dave Ramsey
Keep it up
@DuMane Mane LOL
Iâm 24
âIt is no sign of health to be well adjusted to a profoundly sick society.â
wow
Thanks for the Krishnamurti quote, which passes through my head regularly.
The problem is parents. So many people don't teach kids about financial responsibility.
Parents canât teach something they donât know themselves.
I'm an educator. Parents can't teach what they don't know. However, they can always go and get the knowledge to know, be & do better! I believe financial literacy courses are now being offered in middle/high school.
Its easy to blame parents.
This will change now that the Internet is popular.
Preach.
The truth is that there are definitely people that judge you and look down on you because you look poor (don't drive a fancy car, wear tons of new clothes, or have the latest phone). When you bring your lunch from home every day, people will pity you and whisper about you. You have to decide that you don't care what people think. Either look broke for a while or actually be broke for a lifetime. Your choice.
I bring my lunch to work and when people ask me why I tell them it's because I love to eat healthy food which is true. They have nothing to say after.
Your smart, very true
"I'll tell you what's in my wallet - MONEY!!" Haha I love it. Since being debt free, I have more accessible liquidity than ever before in my life.
awesome!đ
Tim Kordik Nice work sir!
Great job Tim. On my way to that point.
OG Buck #Hankblock
Way to go Tim.
I prayed for Biblical financial advice and God sent Dave Ramsey. I now have more peace.
âTheyâre better at marketing than you are at living your life..â yikes đŹ
Lol dang, too true though...
Yes! That one did hurt.:)
This was a level of Savagery i havent heard in a while
Uncle Dave is the deal!
Most people look good and they are broke....being broke is no fun!
Joshua Morris having money and looking good is even better!
Joshua Morris
True bro
@@cmocavs2241 True. My cousin worked at the bank. She had these "poor" looking people come in and they would have over 100 k in the bank. Then she had these people with them nice purses, and awesome clothing. But, had almost nothing in their account. I'm glad I found Dave Ramsey, so I can act my wage.
@Pulling the Strings yeah right we all die anyway, but I don't want to keep paying debt till I die and never enjoyed full pay check. Also I want to give my kids wealth when I die..not debt!!
Joshua Morris The broker they are, the better they look
Dave because of you I will be a millionaire one day. Thanks.
Not because of dave. You will be a millionaire because of you! and what you did! Congratulations.
"Millionaire" is so relative to currency. I was a "millionaire" within the first four years after I started taking money serious. But that was just $150k US money and the price of a very small apartment in my country at the time, but I had paid it down, and yes I TOOK A LOAN. After that me and a friend started a tire changing side business. Hard work but we made on average about $80 each an hour 14 hours a day for a total of 6 weeks a year. I made as much on that than I made the rest of the year working night shifts. Then we funded a business that did well, the cost was just under $100k, they couldn't afford it but they had a plan we believed in that the banks didn't. Now I have over a million $ and I'm about to retire and move to somewhere cheap. I might get tired after a few years and go back, but why not, I'll still be under 50.
Big facts.
UPDATE
Have you be millionaire now?
âIâll tell you whatâs in my wallet... MONEY!â đ
"When the culture has lost its way, the best thing you can do is be the opposite.".
--Dave Ramsey.
Never has that been more true!
So called â normal â is often weird.
Everytime I want to buy something I watch one of these rants, some are classics.
i like this idea, i can see this helping a lot lol.
m24 hel good idea!
Every time I want to buy something I figure out the original hourly cost of it.
Jose
Great tip!
I dress broke everyday before work I dress in a t shirt and jeans. I know I have money in my bank to buy new clothes but I'm choosing to be safer financially.
too busy to care I was the same way when I went to school I couldâve went with new shoes every week but I donât care what anyone thinks bc I know what I have
Go to Walmart and buy cheap clothes lol
I'm paying cash for my engineering school. It's expensive for every term but all my money goes to it. I don't go out on weekends. I wear old clothes. I eat cheap meals. I sold my car and pay rent to my parents. For some reason it just angers people lol. Like I'm not doing it the way they do it. It's bizarre to me.
@MisterBinx GOOD FOR YOU! You'll be laughing all the way to the bank while others are still trying to figure out their payments on things they couldn't afford!
It angers them because they are reminded of what they should have done/should be doing đ
I strongly suspect that anger is coming from jealousy.
I can pay cash for a brand new Tesla, but youâll see me at Goodwill the first Saturday of every month. I must be weird too. By the way, I drive a 2005 Toyota Camry with 195,000 Miles. I paid $1800 for it.
wow. that's dirt cheap. in my country, those model at the same year are worth 30k+ in our currency. my country are among the top of a household debt in asia. we even have a 9 year car loan payment, which lot of people can't avoid it.
@@shah1668 u from phil
@@du-gu2mm i'm from malaysia
đŻđŻđŻ
Gilbert Mana , did you know that Goodwill is not a charity, but is a profit making organization. Goodwill gets free donations and then resells the stuff for profit. Might want to check out true charity thrift shops.
I love Dave. Nobody in my life talks like this.
I try having financial conversations with my friends and they say but taking out a loan is just the American way or our culture. And it drives me so crazy.
"I engage in weird activities and I get weird results and that's called Money"
I needed to hear this. Hard-hitting realities.
BRILLIANT!
We all need to hear it, regardless of how we're doing.
I love Dave Ramsey his raw, now I rather be weird than be normal. Personal finance is 80% behaviour and 20% knowledge that going to stick with me forever.
This like a huge warning for those who like to waste money.
His shows are always very inspiring..
Watching these just made me realise my financial mistakes.
I wished I started an investment earlier I won't have been in much debt like I am now.
@@skyauden2522 it never to late to start something for yourself, there are so many opportunities out there. You can decide to own a stock trading portfolio and buy up paying stocks like I do.
Thereâs nothing wrong with being weird. Just remember to save your money and when the hard times come ( it wonât really effect you)
Exactly.
You hit the nail bang on the head.
Yes. I love being weird. My husband and I are one mind in the same. Being a team is how we are doing it even better.
Blanca Amezcua I wish I could say the same :(
Thatâs the key! Trust!! But you gotta build to that point. Should be easy. Use your head
amen!! :)
Blanca Amezcua l respect a woman who teams up with her hubby. Incredible l have never been that lucky
Love this
"The only way to win is not to play"
@Jermain Roberts You could play a different game though. You can always play a different game.
There is nothing like a Dave Ramsey rant to make your day đđ
Dave: "I'll tell you what's in my wallet, money!"
Haha I love it. Awesome.
I wish my relatives could understand these concepts. They think Iâm odd for living below my means and planning for my future.
I'm proud of my off-white car door on my 98 Camry.
James Ito I had young chicks getting into my camry cuz I had more money and commonsense than the newcar guys
James Ito lol.
I have a 97 Camry.... 164k miles
Nice
I have a 1997 with 133k miles and it does what I need :)
I've had a couple of acquaintances when they got promoted, they went out and got new cars with payments and all. One of them revealed to me that she only had $10k in retirements and said she wasn't able to save much yet and isn't even thinking about retirement yet.. She is almost 15 years older than me.
Good thing I'm weird at work. I always talk about being frugal, saving money, paying off debt. And guess what, I'm getting more people to jump on the weird band wagon! The other day my supervisor admits she got another job to help her pay back her credit card debts and then she said she's going to try the Yin frugal way of living! đ Being weird is good.
I used to be stupid with money. Never again. I want to be weird!
If being out of debt and having money is weird, I'm all for it.
âWhen the going gets weird, the weird turn pro.â
Thank you Sir for making us millionaire by age 40 y/o.
Iâm an immigrant came to US with $100 on my pocket. I carry my education with me and get a job. I made mistake and stand up and restart again.
Since we discover your teaching we enrol in FPU and our life change, thank you for your guidance and wisdom.
So true, I lived in my car, moved to Mexico, live-streamed myself sleeping for tips, and I am indeed very debt-free.
"they know what kind of bottle water you drink" đđđđ completely true, no coincidence that as soon as you look at something on certain sites it pops up everywhere as ads on every page you visit
I was once one of those dummies who was all about stupid airline points on your credit card. All it got me was a pile a debt. Thanks Dave for making me see the light! I am on my journey to be the weirdest MF I know.
Madison Westfield I admire that you admit how dumb you were with believing credit cards have your best interest. But I LOVE that you got out of that mess forever.
Mike Nelson thanks, Mike đđđ»
Madison Westfield and you're really pretty đđ
Well if you use them right you can travel for free and not be in debt
use the credit card like a debit card and youll never have a problem
15 years ago my brother called me "weird" because I had a savings. It hurt my feelings. Dave made me feel better by using the same word. Thanks Dave!
I'm 26 and gon be rich Rich by 30. Typing this with $70 in my bank account.
Give us an update
Do you have more than 70 in your account? I need a 27 year old update
@@sugeymancia5806 relax.
U suppose to be 30 by now, how'd it go ?
@@Marcossilva_1997 Great My Brother. And How do you do? I have a design Agency now.
Credit cards are DUMB!! I did my debt free scream 2 weeks ago and I am loving every minute of being debt free! Dave is my hero
alliWLC2013 congratulations!
alliWLC2013
Debit card is not bad it that people do not know to control their self I personally believe credit card has benefits
Successful People Mindset ....like Dave has said, using credit cards is like playing with snakes. I am not going to take that risk and fall into temptation. My only debt was student loans, but I've seen friends and family overspend with credit cards and they felt they were being smart. So the only thing in my wallet is money like Dave says.
alliWLC2013
Grand Cardone and robert kiyosaki say credit card is good thing by they way those 2 people are way more successful than Dave there net worth is higher.
Successful People Mindset well I follow the rule "cash on the barrel head". I will save up and pay for things I want in cash, like my grandparents did. Life for me is less stressful since I have minimum bills and I don't owe anyone anything.
I listen to this video every time I am tempted to spend above my budget!
This is one of the hardest thing for a young person trying to fit into an office culture. Every other day my team members ask me to go out for lunch with them and I have to be weird and decline because I'm trying to save for college. I feel like they don't understand I want to be part of the group, just not constantly spend money on group activities.
I'm 49 and I've become better with money as I've got older. I'm totally aligned to what Ramsey says in this video.
I use credit card for majority of my purchases and I do rack up points, the difference is, I pay off my monthly payment in full every single time. I always pay in full. So I get the mileage points and I'm debt free.
Good job. Keep it up :)
Me too
great job!! Most people don't have that mind set. If you ask around about what people are driving and what it costs them, they will tell you the PAYMENT amount, not the cash amount. I did it for many years. Getting un stupid one youtube video at a time!!
I do the same đ
Credit cards are great if you pay them off every month. Just the thought of having to stand in line behind all the lottery players to pre pay for gas is enough to make me never give-up my credit card.
Can you all believe that 33 people so far gave a đ to this video.!?! What? Either they are broke or "stupid" as Dave puts it, or both! That's crazy! This stuff is as real as it gets!
âFigure out what people are doing , and do the opposite .â
Best thing Iâve heard all day. Thanks Dave!
"government will take care of you" thats a good one LOL
Couldn't click on the video fast enough. Dave's rants are life changing!
At 34 I've made so many financial mistakes. It makes me sick to my stomach, that I'm financially ok now, but because my credit it screwed up I can't get a house!!!! I'm tired of renting, living in apartments, the noise, the aggravation. Basically, being irresponsible. Like my Dad said " having bad credit, is like having a felony" you can't do or get anything out of the normal.
It took me about 4 years to rebuild my credit after making poor choices. I tried to get a car and my score was 399, I said "I thought the score started at 450?" I was in bad shape. But all is well now, credit wise...still have debt. That's why I'm watching these videos.
You need to finance. You still worrying about how to spend this and buy that. Your mindset had not change. You worry about credit score when that is not worst of your worry.
I had 11 items deleted after 7 years..
âWhatâs in your wallet? MONEY!â Daveâs the best. đ
"I'll tell you what's in my wallet, MONEY!!!" I almost spat out my coffee laughing
me and my gf owed 12,000 in the begining of the year i discovered dave ramsey and now we will be done by december this year as we owe only 3,000 left !
Yeaa boyy! Get it!
Keep going!
Would like to hear your update now that itâs been 2 years since you wrote your comment
has ur gf left u yet lol
Well done
Sweet !!
People dont want to be uncomfortable or sacrifice in order to get the desired results...people today unfortunately dont want to do the work!
I love his honesty. I landed a high paying job and saving 30% of my income after my 401k retirement. I wanna live below what I can afford so I can accumulate wealth and financial freedom. I haven't owned a car in 4 years and thanks to public transportation or rideshare i probably never will if still living in a major city.
Sounds pretty normal
Iâll tell u whats in my wallet MONEY!!! đ
Keeylz Do funny! đđđđ
Dave Ramsey is still young, before he's gone I think he's going to red pill the entirety of western civilization.
ONLY US PEOPLE LIVE LIKE THAT NOT IN EUROPE HERE WE DONT MAKE CREDIT
I don't even have a car because I'm making a true effort to pay off my credit card debt which is at $3000
Grown Woman 3,000. Thatâs so great you caught it early!
but did you FINANCE YOUR CAT in the picture?! lol JK. that's a very great idea!
Do what you don't want to do when you don't want to do it, so you can do what you want to do when you want to do it!
I LISTEN TO THIS EVERY MORNING AND " TWICE" THE DAY I GET PAYED!!!
REMINDS ME WHAT IT IS I'M DOING.
BECOMING A MILLIONAIRE !!!!!!!!!!
"they spend like they're in Congress" đđđđđđ
Just like my morning coffee, I need my morning dose of Dave Ramsey. Love his rants! Keeps me motivated!
I love how Dave is unapologetic for doing what is right. I like how he is direct and is not worried about how you feel. Its not about your feelings. Its about your actions and taking responsibility for them. Generally speaking, you will find the one to blame for your situation looking back at you in the mirror.....
âWhen the culture has lost its way, the best thing you can do is be opposite.â Words to live by.
My husband and I are weirdos and we embrace it! We both drive older completely paid vehicles, we moved further out in the city we live in for cheaper rent. People may think we're weird because we've taken drastic measures but we couldn't be happier!!
One thing I regret is buying all the stuff I did and how little cash I have to work with. Now that I'm 28 years old, I understand how powerful it is to have spare cash to be able to invest. The only good thing is that at least it's not too late for me. By age 30, I plan to be debt free and start paying cash.
It's ok to make mistakes in your 20s...you have plenty of time to make changes now to live how you want to in the future. ;))
2 years later Leon. I hope your in a better position
Stumbled across this video 10 months ago. ÂŁ7000 all debt paid off and ÂŁ4500 emergency saved. Thank you Dave
"Don't try to live a champagne life on a koolaid budget"
Exactly.
Hahahaaaaaaa! What a great way to say it! đ€Łđ€Łđ€Ł
LONG LIVE DAVE RAMSEY!
"They don't act their wage". Lol
TWDxKILL3R I call it BEING DEBT FREE SLANGS. He got lots of Jokes and I love them. Haha
Iâm only 17 and Iâm so happy I found Dave. This represents my whole family. Credit, student loans and other debts. While some of my family has/is paying off their debt and is doing fine, some will and have debt for their whole lives. I donât want to be like that
I love being weird and eating my beans and rice. Thank you Dave!
Keeping doing what you are doing.
The victory is bound to be yours.
Stay blessed.
Beans and rice are healthy đ
@@reginasuarez1988 just add some plantains and you're really good!
@Ocean Blue -- I LIKE beans and rice!
Success is increasing the gap between how much you earn and how much you spend....Alot of people what to earn more to spend more, as soon as they get a promotion "oh Now I can lease that Audi @ $600/month"
"Big Hat. No cattle." lol
I am 18, with not debt, and large savings. I just bought my first car for 2700 all in cash. And no mommy and daddy didn't buy it for me.
Glad I found your video. I AM weird!! Zero credit card debt. Paid off student loan years ago. Bike it. No car payment. No car insurance. Love your matter-of-fact delivery. Hope it helps others feel as free and weird as me!
showing this to my wife right now
Dewald Jonker she won't listen lol
Mine didin't for the first year.I still kept going and she came around after she stated seeing the results.Funny how that works.
This is my favorite Ramsey rant. It never gets old.
"I'll tell you what's in my wallet, MONEY!!" đ
'Play stupid games, win stupid prizes' - about points and cradit cards.
What do I do if I'm weird and broke ? lol
LOL That's me. I'm a college student who's broke but I'm weird because I don't have student loans like others. I'll always be weird but I won't always be broke.
+VideoSiteAccess Amen!
VideoSiteAccess I was in your shoes 15 years or so years ago...no student loan but with time doing pretty good. You will get there just takes patience and living below your means along with investing. Also marry a spouse on the same page as you.
Mark G You have no room for advice when you said in your other post you use a CREDIT CARD proudly and you save 60%. Your a real winner watching the Dave Ramsey videos when you don't believe in nothing he says. Remember me you IDIOT? Lol
+DAVID GARRIOTT Sweet I have a fan that follows me around nice to know ha. I said you can save and have a cc I know it's a crazy concept for a simpleton like you David. I agree with 95% of what Ramsey says. Now scram scrub.
I love that phrase, "They don't act their wage!" hahaha!
"I'll tell you what's in my wallet: MONEY!!!" LOL! Fabulous.
DAVE SOLD MY 2005 mustang w ridiculous payment and insurance and bought a 300$ bmw. Been saving and listening to the podcast. Iâm ish rn need to go all the way
I walk 40 minutes to work because I act my wage. I always get told to buy a car, but I always imagine Dave's scowl and I say no lol.
Save and buy it cash.
it comes down to peer pressure when we were in elementary, middle, highschool, etc..
âThey are better at marketing, thank you are at loving your life!â â€ïžâ€ïžâ€ïžâ€ïžâ€ïžâ€ïžâ€ïžâ€ïžâ€ïž
I love every time he says you're STUPID! đđđđ
I come back here every time I think of going to Starbucks...my $0.20 home brew is much better anyway!
I listen to this often. Such a great motivator. Thanks Dave for all your knowledge!!
Dave, lot of self-made millionaires use credit cards but they are disciplined with their spending. Itâs not the plastic card that makes you broke itâs the behaviour.
Daveâs advice of not using credit cards are good for the stupid people who spend like no tomorrow. Lots of self-made millionaires and successful people use credit cards. Just need to be disciplined. Itâs like saying donât live near shopping malls, restaurants, etc because you are likely to spend more. That may be true but can someone live like that. Anytime something is more convenient, thereâs more chance of spending. Why not lock yourself in a house so there is no temptation
"Big hat no cattle" I like that quote
Preach! All these people opening credit cards just for air miles/points, bragging up their Chase Sapphire and Delta rewards. Nope, not me. I stick to my debit card and one credit card, used only when needed (e.g., business travel, big ticket purchases). Like Dave said, I've never met anyone get rich from credit card churning.
Roguenify we are debt free and put our normal expenses on credit card for miles, we actually use out miles for vacations and trips to see family. If you pay off 100% every month I don't see the problem (Fico score is above 800)
Make your show in Spanish too , so i can show it to all my momâs brothers! They think they live in the Congress ! Lol
@Joel Urias -GREAT IDEA! That way even more people can learn the concepts.
I'm not sure if I completely agree with the whole "no credit cards" thing. Of course, I don't know nearly as much as Mr. Ramsey, but here's my two cents: I do agree that these credit cards are designed to get people to spend more than they physically have (since they're making money off of the interest and your credit card debt), but if you're smart enough you can actually use this to your advantage.
First of all, Discover offers 5% cashback. Now, I know, it's dumb to say that "Oh, I'm going to spend 100,000 dollars so that I can get 5,000 dollars". But think about it like this, if you just pay your bills on time and, therefore, don't accrue any interest (and spend reasonably), every time you *wisely* spend 100,000 dollars, you basically get 5,000 for free. Yeah, it seems like peanuts, but this stuff adds up. If you're smart with your money, you're basically earning extra cash just for being sensible.
Secondly, the ability to spend money you don't have yet actually improves your purchasing power. This is a bit of an abstract concept, but purchasing power is not just about how much money you physically have - there's also the factor of time. For example, let's say you want or need to buy something and you receive your paycheck next week, you can buy the item right now and pay it off once you receive your paycheck (obviously, assuming that the sequence is that you buy before you receive your paycheck which is all before you pay off your monthly bill, which is before the due date)
The third and huge advantage of paying with your credit card is building your credit history/score. If you ever need to take on a loan, having a really good credit history/score will make you qualified for the best possible interest rates which, in turn, means you save more money. Also, as an added bonus, credit cards have really good purchase protection.