Are You 20-30 Years Old? Dave Ramsey Has a Message for You
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I already donât have debt. I donât need that.
Like I always tell people don't go to recording school or college! Start your own recording school or college because that is where the money is!
Only works in the USA
@@jimmacintosh3564 not that bad for those in the UK as in stay out of debt and the snowball.
Question for Dave- How should I adjust my saving and spending habits to deal with unchecked inflation? I'm very concerned about the massive coining of US currency (something like 40% off all dollars in existence have been coined since March). I'm upper 20s with ~$140k, no debt, no home, and no faith in the Federal Reserve. I'd like to dump the stock and cash it all into a home. Any thoughts?
Worth a shot...
I think the key message is slow down. In our generation everyone is trying to get rich quick cuz we see wealthy young people with millions.
They are the vast minority. These millionaire kids on CZcams showing how they got rich quick are scams.
@@xJayhawkFANx Scams or hidden inheritance.
@@xJayhawkFANx agreed. if theyâre millionaires why tf they on CZcams and not on a yacht. Show me the yacht!!!
@@xaviersales92 they are fraidy cats of the water. Most can''t swim, and are afraid of their own shadows.
Yeah especially with the ads of how you can get rich quickly
Your message is more so for the 40 year olds. At age 20-30 we don't wanna buy real estate for profit; we just want to actually afford our first house
This!
I agree...literally just trying to find a home to afford. đ
True
Not true. I know several 20somethings into real estate and theyâre doing well.
@@amandadean3948 That's wonderful for them. And I mean that sincerely. But as for me and my friends, we're all in the same boat.
I just donât want to be broke like my parents
All you need is no debt! Then all of your money is actually yours!
Our parents give us what they can, rich or âbrokeâ donât matter. My family wasnât the wealthiest but I learned from that and now my mentality is to get wealthy myself to help my parents for putting food on the table no matter what we went through
same!
Save and invest while you can. Don't buy what you don't need and spend less than you earn :)
Well your already have the mindset for what it takes.
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps
Great message Dave. 28 debt free, good salary, emergency fund, 15% in retirement and buying my house at the end of the year with 20% down 15 year fixed. Lets do this. God bless everyone đđ
You go, girl!
What do you work in?
Congrats!
This is amazing!!!
Humble flex
me, a 23 year old: omg a message from dave for me?
dave: you guys are buying properties too fast, slow down
me, lives at parents' house and owns nothing but one beat up car: ok dave
20 and I dont have a beat up car its pretty clean... But its a 2004 model and I live with my parents. Useful information here dave
Do you work? If you do just kept stacking your money
@@ryanjohnson5882 thanks
Better than home with parents with car debt ! You can continue to save and be off to a great head start
đđđ same
My debt is paid off!!
Thatâs awesome keep it that way đȘđœ100%
@@josep5joe I appreciate that! Will do, the worst thing ever to do is financially Drown and never recover
Congratulations brother. I hope I do too soon.
@@alkanz5651 much appreciated, you got this, don't let it sink you
Congrats
31 wife is 28 and debt is paid off, emergency fund in place, investing 15%, saving for kids college and house is gonna be paid off this year! Thanks to Gods principles and you! We are so blessed and thankful.
Congrats!
Awesome, great job guys!!! Keep up the good work! đ„ł
Ur house is gonna be paid off this year at 31? đ u must live somewhere in the south with very cheap housing
Hey some people get some pretty sweet hand outs with familial support. All one can say is good for you and pass on your blessings to another.
Others are just dealt a poor hand in life and have to do it all on their own
âThis is how wealth is madeâ
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
For more lnfo
Financial -Planner Rebecca Mart-Watson (in fuII)
Dave is like the uncle we all needed but never had.
Youâre right. My uncle molested me and then was deported back to Laos. It would have been better for everyone if he had just given me financial advice instead.
Thats sad. His advice will cause you to be broke. đđ
Ehhhhhhhđ
"It is dangerous to have zeal without knowledge,
and the one who acts hastily makes poor choices" - Proverbs 19:2
@@nz33342 lol
Also, that the soul be without knowledge, it is not good, and he that hasteth with his feet sinneth
@@nz33342 Makes perfect sense to me. I also love that verse in the way OP wrote it. Super prevalent to our times.
@@nz33342 Also, that the soul be without knowledge, it is not good; and he that hasteth with his feet sinneth.
@@nz33342 Also it is not good for a soul to be without knowledge, And he sins who hastens with his feet.
NKJV
He's right. I see money as freedom. When I spend money on something, I don't see the dollar sign, I see the amount of work it took to get that dollar sign. My new used car cost me 5-6months worth of work at my current job.
So when it comes to making millions, I dont care. I just want enough passive money not to be in jobs I dont like.
Yes this!!!
Also its more about building something that can have a good impact on the world instead of just trying to make your own life better and more luxuries while you wither away and die and all that wealth has no more value in the afterlife since it wasnt invested in a godly cause but squandered on materialism
More advise is never enough. Thank u Dave for the great advice u have given me thru CZcams that money canât buy for the past 2yrs. U are a true blessing.
I'm under 30 and I think the biggest thing is how much information there is available for free for anyone to use and learn from. My parents came to the US knowing nothing and struggled their whole lives. I want to be able to give my kids all the things I wish I could've had.
It's not greed. I don't even think it's initiative. I think it's desperation.
đŻ agree
Agreed
đŻđŻ
Desperation and fear.
Desperation to pay off my mortgage :( i want to be DEBT FREEEEEE
iâm 24, no job, debt free. have about 30k saved including stocks. i graduate this summer with a finance degree. just trying to play my cards right tbh
30k saved isnât doing anything for you. You need to put that money to work bro.
@@ethanmayernik In his defense, he did say "including stocks." It sounds like he is putting the money to work for him, at least to an extent.
How do you have 30k saved with no job, I feel like some of these people just flex what they donât have.
@@michaeltren4910 i live with moms & I was fortunate to get a car given to me, so Iâm more than grateful to be where Iâm at. I have friends who are in debt & others who have easily 50k in their stock portfolios. I just follow through in my own path on what I can do with what I have in my life
Congrats Carlos, you're already 10 years ahead of me when I started getting on track. Just make sure you have enough set aside for disasters so your "emergency fund" doesn't end up wiping out your entire cash reserves for your personal enjoyment.
I'm 26, bought my first house (for my own residence, not to rent out) at 24, and have no debt other than the home. Chris is right. Anyone in this age bracket who has a solid understanding of personal finance is going to do great in the future and I can already tell that my plan is working.
Hold it down, brother.
24 years old and totally agree. Total have a desire to âdo somethingâ. Good reminder with nothing wrong in slowing down paying cash. Everyone else in my ear is saying you need a house you need a house.
We're anrgy and desperate to succeed from being squeezed financially from society.
Bingo
This comment said it all... I wish you all success in life!
Zero interest rate policy is population control.
Seriously! This society eats their young.
4:40
One of the best classes I took in high school was personal financial management. Little did I know this is the root (foundation) to my success. Literally one of the classes I still use to this day on a daily.
Dave you are saving college students ! Everyday I watch your videos, I really appreciate the content , especially since people donât have parents to tell us this type of stuff !â€ïž
I got rich with Real Estate. Had $20M of leveraged income property. Then 2009 came. By 2011 I was broke. Dave and Chris are right.
But you were living your life when u had that 20m$
Honest question, what is leveraged real estate? I've heard Dave talk about it. In my head, in order to buy real estate, you put up a down payment, take the rest out in mortgage. I thought if its a rental property, as long as the rent you are charging is greater than your mortgage payment, things are alright.
@@godfathaofyo No matter how much the rent is, if you paid the property with people's money, it isn't really yours. I think that is what they mean.
@@Kevin-jc1fx I hear you, but then nobody in real estate got ahead. or got into real estate without it being "leveraged real estate" no, you have to start somewhere with a loan?
@@godfathaofyo Most people start with some loans and pay them off with the profits until they can pay cash their next properties. The trap is keeping taking loans and be blinded the gross value of your properties while forgetting that you don't completely own them and can lose everything if you ever fail on paying back the loans.
Iâve watched all of your CZcams videos and my grandfather bought me the total money makeover book ! He used the baby steps to buy his first house.Youâre teaching generations !
Thank you Dave. Iâm studying to get my MLO, graduating college and just became a notary. Definitely agree. We are working hard to build equity for ourselves because many of us do not have equity in our families. Thank you for recognizing that 20something year olds are NOT lazy. We are choosing different options
Thank you, Dave and Chris. I am 29 and needed to hear this, this morning! Phew!
PS: I have budget to buy myself a pair of old man house shoes. I'm ready for that level of responsibility!
The guy on the left has such a wonderful voice
I want him to narrate audiobooks
Or work for Family Guy
I appreciate this show. Iâm 29 and trying to get more financially organized and my definition of âorganizedâ through my entire 20âs was a very flawed definition. Finances stresses me out right now and listening to this show and these videos gives me clarity and not panic.
Thank you for everything you do, Dave
I do agree. Our generation needs to remember that not everything in life is like Amazon - Fast and instant. There are many aspects in life which need to take the slow, methodical path like retirement planning, household planning, career advancement and staying away from debt. Those are the constant speed, slow role, stay in your lane and stay focused.
Slow and steady almost always wins the race.
Good luck with that bro. Slow and steady stays slow and steady.
Amazon started off extremely slow and steadyđ so I think thatâs a trash reference to use lol
@@deesplash7087 you literally canât comprehend this sentence when 140+ people easily did. I used the analogy of Amazon prime services being instant gratification⊠not the formation of the company itself đ€Šââïž
Nice to see Dave come around and start talking some sense.
Wow dave this was a great message. At 24, I do have this rush & get it done to achieve freedom mentality (drive). This message has helped me recenter myself like all your videos do. Thanks!!! đđ
This is getting across a real important message đ€§ watched this like four times to make sure I could appreciate it properly
Dave Ramsey has good advice because he doesnât push get rich quick scheme
This is true, but I will say he plays it too safe sometimes but his advice is really catered to those in dire needs
@@EngineeredMojo usually it's when people are in dire need they tend to look for solutions.
No instead he pushes a get rich very slow scheme
@@ed9405 not a scheme if itâs proven to work.
@@ed9405 it's not a scheme if it works... look it up đ€Šđ»ââïžđ€Šđ»ââïžđ€Šđ»ââïž
Hi đ Iâm ready to get yelled at on this Monday morning đ
LOL đ same
Me three
Itâs Presidentsâ Day tomorrow, is Dave even working tomorrow?
And sooo early too! đ
STOP BUYING COFFEE AND START SAVING! SELL YOUR FAMILY
Needed to hear this. Thanks Dave!
I needed to hear this. Thank you.
Just like Dave said, you just need someone who knows their stuff and of course has the heart of a teacher to help you become successful in whatsoever investment you decide to venture into.
By someone you must mean a properly educated and accountable portfolio maneger.
Yes of course.
Didn't you hear? You don't need an MBA in finance to make basic investing decisions.
I know my stuff. Gimme your money and I'll turn it into a million by throwing it at GameStop
If I had ever inherited that much money I'll find a way to make it grow, so that I don't ever have to work again. Both me and my wife. In fact even our children, would never have to work for anybody but themselves.
we're so quick to dive straight in because we see all these people our age or even younger who are already millionaires and it makes us feel like we're falling behind and failing at life, so we take drastic measures to catch up
Probably smarter to go speak with a therapist when feeling like that than make drastic financial decisions. Who cares where anyone else is at on their own journey? Take your time, be smart, and stop comparing.
As a 20 year old man who resonates highly with the message of balancing initiative with wisdom, risk with margin, I appreciate this message being the highlight of the video.
Love this. Great talk.
31 years old. Just want to pay my bills, support my woman, have time to have fun, and having my own business allows me to do that. So grateful!
Listening to Dave Ramsey makes you richer; intellectually richer at the very least!
Because of this program. I paid off my loan and thank God I do not have any debt to date. So, I'm still watching to see what needs to be done save, invest etc. Thank you for your program.
Gosh this is so true and such a good message
Hey Dave. I just paid off my first rental property today. Awesome feeling. We have zero debt outside leveraged rental properties (thankfully with considerable equity) My parents bought me âTotal Money Makeoverâ in college and it collected dust for a decade. Wish I would have read it in my 20âs. I canât wait to be debt free. Iâm snow balling like winter storm Uri!!!
Social media fraudsters are feeding these crazes as well.
Yea itâs always a commercial on CZcams taking about take this course on how to make passive income overnight
Knowledge is the best tool to have
I keep wanting to buy another rental with leverage but i watch this and it puts out the fire for me. Love watching Ramsey!
Iâm 19 years old and I needed this
Itâs about a balance in our lives . If Dave never took risks and learned valuable lessons in his 20s he may not be where he is today. Do not be afraid to take risks, especially if you are young. Life is too short.
True. Especially when you're younger, healthy, able bodied, you can push yourself very hard to find options to earn money. Do it while you're young. When you get older it becomes much harder to do when you have zero foundation built upon yourself over the years.
Thankyou this is perfect advice for our generation đđœ
I just left that age category. My wife and I are looking forward to pay off our home less than predicted. Thanks to Dave and his team.
Holy moly, this intro is so much better!
You didnât like the over modulated guitar riff thatâs 20x louder than the video?
Yes!! So much smoother, no more ear shattering guitar blasts.
YESS
Idk.. the guitar sound is nostalgic to me already đ„Č
@@jonathanstellar5588 I mean sure, I would have loved the guitar... if it were 54465484x quieter.
Iâm a 30 year old journeyman carpenter mostly drywall & steel stud framing.
Now I run my own business.
Big thanks for this!
Thank you, Dave!
I'm gonna get rich in real estate but long term not overnight
Lol ok
@@yodamaster757 lol ok
The only way to really get rich: long term.
@@Azidoazideazide. yup buy and never sale and repeat
In England, real estate normally increases 70% in price every 10 years
Iâm 24 and I just started my Roth IRA, the year before that I did the debt snowball to pay off my debt! Now Iâm looking into investing a bit more for the long run
That's awesome! I wish I had done all of that at your age, I'd be so much better off now.
Good job kid!.....it is going to pay off!! I'm 34 and so glad I started at your age. Good job!
Buy bitcoin. It's the 9th biggest asset by market cap in the world, just behind silver. Even Blackrock are buying. The days of "bitcoin is a scam!" are long over.
It's just volatile, meaning you need to hold it at least 5 years, so diversify with stocks and ETFs and a HYSA. This is the way.
Thanks for the advice! I just opened a HYSA last year as well. I have little money in bitcoin but I should look into it
@@shadowthehedgehog2727 It has some good fundamentals, but absolutely DYOR and decide for yourself if it's right for you. Seeking unbiased sources is difficult. There are two extremes. One side suggests Bitcoin is still a ponzi scheme and a zero sum game that will go to zero, the other says put your entire life savings into Bitcoin because it's the future of currency.
The rational side says treat it like a leveraged investment, never put in what you can afford to lose, diversify your portfolio, DCA in, and never panic sell in the red. With the current market cap at an ATH, it's worth considering the potential risks.
Can honestly say I've learned more from these videos that I did all of high-school
Thank you Dave đđŸ
It sounds like Dave doesn't yolo for the tendies
ikr? diamond hands.
I think Dave missed a key part of GME- for a lot of us, it was never about the money. It was about screwing over Melvin.
APES
đ
If heâs still in, Iâm still in!
Seen it happen a lot thatâs why slow and steady wins over time vs fast cash now
Thanks Dave, this helped međ
I just got out of debt watching this video thanks Dave
Wow. I'm glad I watched this. 25 and I was about to buy another house! Didn't realize I'd be exposed so much.
I am debt free !!! Your my hero Dave â€ïž
Why is he your hero. He didn't make you debt free, he just gave advice. You're the one that put in the work, paid off all the debt and changed your life. You're the hero
Today my debt has paid all. So happy! Thanks Dave
Truth be told! Love it...listen to our elders who know â€â€â€
It's interesting how generations don't change too much. How Dave Ramsey thought those telling him he was too leveraged, "Oh they're just old, what do they know." There is wisdom in those who have been there and done that, no matter how the times may change.
I wish I would have had that drive when I was 20âs. Freedom equals happiness.
Thank you!
I'm 23, and this show has been a lifesaver with greats amounts of wisdom, I need to get out of debt, what's the best way to get out of school debt by the age of 30?
If youâre in your 20âs, your first investment needs to be rice and beans!
đFunny but you're 1000% right
đ my man
True
Rice and beans, beans and rice. Lol
@@WildBison74 maybe tuna
Hubby and I are both 24, and weâre so blessed to have found you before we got married in 2018. THANK YOU for everything that you do, Dave!
First rule do not get married before 30
@@annajones9701 why not get married before 30?
Needed to hear this
Amazing video
I just want to be independent and not be homeless.
Itâs interesting his take on that generation, Iâm in it and I look around and I feel like itâs a âdo the least amount of work for the most rewardâ attitude. I feel like people my age want everything right now:the nice car, the bigger home, go on vacations, etc. my husband and I feel like we donât relate towards most people our age.
Awesome advice
Great info
Life is not a race, you guys. Use wisdom to turn opportunity into long-term safety and security. Be careful out there and don't listen to anyone online who is making it seem like life is a race.
I'm in my early 30s and love my old man house shoes.
đđđ
34, working from home, love mine as well
I wear slippers all the time
I'm 29 and I have slippers and robes. Best inventions ever lol
@@Elemiriel So true Katherine!
You kids are ahead of the curve! Congratulations!!
Great advice Dave
Adding some beatz to the show. There you go, Dave! Nice break from the chords đž too.
He didn't buy with a margin of error and didn't run the numbers. He bought expensive real estate that didn't cash flow. Didnt know what he was doing
I think that it's best to take on high-risk investments in your 20s. If something goes south, you have your whole life in front of you to fix it as Dave did. However, if your Daves age, slowing down would be a good idea.
Itâs message has kinda changed my whole mindset in a sense like ⊠Iâm a person that believed I could build a life of Financial peace that didnât have me working my brains out everyday every week, however that didnât help me with my responsibilities Rent, utilities, etc. I guess for a little bit I do have to do what I donât want to just do I can do what I want
Pastor Ramsey is PREACHINâ!đ„đ„đ„
I think We Have started to think that if we become a millionaire in our Late 30s or 40s we will be too late and Will not be able to enjoy the Money That time cause we will not be Young and at the best time of our life
@P that Right
I paid off 40k of debt and I only had to do is sell all my dave ramsey books đ. Thanks Dave
Seriously, I need you to run my garage sale. I can't hardly sell used books for anything!
Is that hate on Ramsey or sarcasm...?
@@colin1818 buy better books and take care of them. My wife has multiple books, purchased brand new at retail, now worth thousands used.
Donât crease the pages. They go back on the shelf where they came from. Theyâre mostly for looking not for touching and her office is essentially a museum at this point.
@@titanproductions3628 Dave Ramsey is a fool
@@ryugurena3327 and yet heâs a multi millionaire and your in a basement typing :(
Thanks to DR, my wife and I realized the error of our ways early. Now our eyes are opened to the awful mismanagement of income of some of our family and friends. Weâre now incredibly cautious in our savings and rarely spend on our wants. At the same time, weâre trying to claw for higher income to have even higher monthly cushions in our budget.
The message is to slow down and think critically before using Other Peopleâs Money and getting into ridiculous debt (all debt is ridiculous) and I can appreciate that message.
Great Advice Dave! đđŸ
Iâm 29 and I only have my mortgage left to pay off and I force myself to direct deposit money into my savings every month. Iâm nervous about investing but I need to try and i just want to say Iâm proud of everyone who is listening to Dave Ramsey and trying to really make a difference in their life. We can do it! â€ïž
I feel like I worry about stuff where later on in life imma look back and be like why was I worried
I just told myself this đ€ŠđŸââïž
Thx u for your program and wisdom from the financial peace university you given us in prison. Im now a very successful person because of you thx you very much david ramsey god bless!
Love the new intro - my ears do too!
Im 16 and I strive for independence and financial freedom. It's just so I can make me and my parents successful without a 9-5 job
Timing matters more than even what you choose to invested in.
Education, timing and discipline.
Good message! Keep speculating to a minimum part of wealth. I put this message in my book âA Fighting Chance : The high school finance education everyone deservesâ.