5 Things That Will Make You Wealthy - Dave Ramsey Rant
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Hello Mr. Ramsey. How are you sir? I have a question. My phone number is 267-344-9944. Please when you have a chance, could you please call me. My situation is one that you've never confronted before.
Why was this video all about your haters??? This is my first video i ever watched of you and heard great stuff about you. But did not expect this sir....
Disappointing. No one should be using a party name as an insult--certainly not when the other party has increased our national debt by over $1 TRILLION DOLLARS since inauguration day. We should //all// be contributing and getting this debt gone. The US is actually broke! I mean you couldn't run a household like this, just like he always explains to us.
I love Dave as a person, but I really wish he'd "put his money where his mouth is," in how he views politics.
you shouldn't call ppl stupid it's not the love of the father
@@armaniwoolridge when some one call me stupid i get motivated to work hard.. cause be is not here to baby seat me
1. Budget
2. Get out of debt
3. Live on less than what you make
4. Save money
5. Be generous
I never budgeted in my life and didn't follow his advice. I have done ok for myself. His plan doesn't work for everyone. He is right you should try to avoid debt and avoid student loans to get worthless degrees.
@@wesjimez2941 then its not for you its for those who need this advice negative nancy.
Joseph Whiting time saver? Quit trying to hook up with Brianna C đ€ŠđŒââïž
Joseph Whiting I knew people had things to attend to. No problem
@@wesjimez2941 Maybe you naturally budget without even realizing it because you are inherently disciplined. Or maybe you are like I was for years and just spend way less than you make, so it doesn't matter. Only, after I got married and beset by multiple hardships (losing everything in a natural disaster, multiple medical issues, and a wife having a nervous breakdown because of all this), I woke up one day and wished I had learned to budget when it didn't matter instead of having to figure it out when it did.
Deciding whether one should make a financial investment of any sort always takes some consideration.
Consulting useful information could in this context be very helpful and profoundly facilitate the decision-making process.
But the quantity of information people deem necessary for a well grounded choice varies.
They make careful plans and stick with them even though circumstances may change, in an attempt to maintain order and control.
According to Timothy Eric Meek, the challenge is making sure all potential issues have been considered and resolved, or properly balanced against a product's benefits, before presenting new products to clients.
He want to ensure that they make a well grounded choice, and do not leave anything to chance. Timothy Eric Meek is a very smart person indeed.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I paid off $150k (being stupid), have 3-6 months emergency fund, and biught a house (mortgage) thanks to this man I feel like Iâm on top of the world.
Congrats man
awesome!
It's all fun and games until a future-ex-wife shows up.
Although all that is great please work on your spelling it will make you better
@@jenglish1986 You need to work on your grammar.
This is my morning routine. Listening to Dave yell is better than coffee.
Every morning on the drive to work.
Same
I just joined the Dave family I will definitely have these mornings đ„°
Same here
đ€Ł
I wish I found Dave Ramsey in my early twenties.
Derek C we all do!
18 and more than happy to have found this guy a couple years ago.
20 years old, and feeling blessed
Derek C oh my god, no kidding!
I only found him when I turned 32 (1.5 years ago)
Smh
Better late than never though. Debt free by fall-winter 2019
Same here.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. Thatâd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Remember that investing in the stock market carries risks, and itâs important to do your own research and consult with a financial advisor before making any investment decisions.
I totally concur. I'm 60 years old, just retired, and have about $1.2M in outside retirement savings. I don't have any debt, and the amount of retirement savings I have relative to the overall value of my portfolio over the last three years is minuscule. To be completely honest, using a portfolio advisor when investing is brilliant!
The name of my investment advisor is "Sharon Louise Count." She is a true genius when it comes to diversified portfolios, which make portfolios less susceptible to market downturns, and has a strong reputation in her area. You may already be familiar with her name; a Newsweek article gave me the information I needed. She is someone you could Google.
Where would I find close-end funds that pay monthly?
if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries
the idea is to Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Well said, with the help of the an investment advi-sor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you dont mind me asking? in dire need of asset allocation
Melissa Maureen Ward, advanced lady in her 40s and professional, reserach if you care for supervision.
Impressive, I took a look at your advisr. I set up an appointment. Iâm looking forward to her reply, I hope she sees my message.
Found Dave Ramsey at age 16. Now iâm 21, in University studying engineering, have all the money saved for tuition for the next 4 years, and also have 35,000$ in cash saved in addition to that. Its all about saving. And no, I have 0 help from parents. I earned every single dollar.
I'm a little jealous of that $35k! Good for you.
+ Good for you and keep thinking that way and doing what you're doing and you'll be a very successful man to which you are starting out wellđđŒđđ Good wealth to you young man and don't forget like Dave Ramsey says thank God for all your accomplishments đđŒđđŒđ Happy Holidays đŠ đ
Where did you work?
Well done!
Saving is great course, but if you want to really be wealthy you need to invest â
Love what he said about Democrats and Republicans. "They are not gonna fix your freaking life!" Wish more people understood that.
But they do know how to destroy it.
@@bighands69 Mostly The Dems do
@@bighands69 No politician has ever affected my day to day life. The faster you stop watching the news, politics, and all the other bs online, it will improve your life and mindset overall.
True
They both work for the same actor and it sure isn't an American.
I'm considering a review of my $60K portfolio allocations, particularly in light of the pause in interest rate hikes. I'm eyeing some high-risk, high-reward opportunities. Crypto and emerging markets seem intriguing. Anyone else exploring these?
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's great! A colleague made this suggestion but I didn't know how to go about it. Can you tell how I can get in touch with yours?
Lisa Angelique Abel, you can read up on her, she's quite known and her works speaks for itself.
Thank you so much! I found her webpage and left a message. Hopefully, she responds
Dave Ramseys plan isnât the fastest, most efficient way to become wealthy but itâs a rock solid, practically guaranteed way to succeed financially, and every single person can follow it.
Amen
And it relies MUCH less on luck and skill.
Tf you mean it's not efficient. It's for sure not the fastest, but y not efficient?
Mostly agree... I can argue that it is efficient. What are you meaning by it not being efficient,
@@Phyoomz and relying on skill is what you're planning on doing right? Seems like you're the one trying to ride the luck wave.
Before I found Dave, 5 yrs ago, I was paying $500 a month on credit cards with a total balance of $20k!
Now Im debt free, and that same $500 is still being paid monthly, to MYSELF! Thanks Dave! And net worth did increase too!
Rick walker nice!! đ
Currently I owe 28000 and pay 900 every month.
I canât wait to get to your stage.
4 months ago , I was owing 41,000
I been working everyday, 2 jobs, Iâm getting tired
@@jasonn3016 hang in there -- you are almost there and have made so much progress! Live like no one else so you can LIVE like no one else!
Jason N If you did that in 4 months thatâs amazing. Iâm here to make you feel better, I have 100k in credit card, car and student loan debt. I pay 2000 a month on them and thatâs just minimum payments.
Awesome. Already down $7k in 7 months just by being motivated by his youtube videos.
Dave, I agree with you but I think you need a Snickers
đđđđđCalm down "Uncle Dave."
I know, right!đ€Łđ€Ł
Lol...me too
Heâs not himself when heâs hungry.
Hilarious! Trust me, heâs not mad... heâs laughing all the way to the bank!
I read Dave's book six years ago and I am finally debt free. Paid 190k in student loans plus around 40k in interest. Thanks Dave
Listen to this video for the first time when I was working at Walmart making 10k a year and now I'm making a 140k.
What do you do
@@johnb1121 radioactive waste truck driver
Nice
@@LegacyFarmandFiber Awesome buddy! đđŸđđŸ
@@LegacyFarmandFiberdoes it have any health complications in the long term
Caller: Hi Dave I have a questi...
Dave: SELL YOUR CAR!
đ
Bank acount: staking money
LoL
Sebastian Urban Benga! Get rid of your car!
Dave: If you can't buy a car in cash then go buy a bike to get to work, even if your job is 45 minutes away. đ
đđ
After listening to Dave Ramsey with my dad since I was 8, I was able to take his advice and was able to budget and save enough to buy my first house at 19.. put down 85%. Thanks Dave!
Where do you live? That would be close to $1 million in cash for me.
Joel P wonât be near any city
@@mwahha6965 I live just out side the biggest city in the state. About a 20 minute drive
Wow! Congratulations!!
@@jpined14 what?! Thatâs too much. Here in Phoenix AZ you can get a house from $200,000-$300,000.
I once watched a Dave Ramsey show talking how an investor turned 94$k to $300k in three months. I don't remember the details of the video, but I will appreciate any tip on how I can do this too.
It's very much possible. The maximum profit I have ever made in a quarter was about $600k. Its hard if you're not an expert though. I'm no expert, and so I invest through a financial advisor. Maybe I'd have made more if I could do it myself, but I'd rather not lose all my money.
This is the first time 'm hearing about someone like this. I have been investing myself for a while now, and I've lost a huge sum. I had even lost interest. How can I find a good advisor? Or better still, could you recommend yours?
I really don't like making such recommendations, lest I get labelled a bot. Lol. But there are many freelance wealth managers you could check out. I have been working with Sharon Louise Count for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
I think I've heard about that name before somewhere in an interview, but I can't really remember where. i'll check her out. Any idea if she manages family fund?
the bots have arrived to destroy us all...
Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.
Invest in the financial market. I heard that people make millions if you know the tricks of the trade. Bloomberg and other finance media have been recording cases
It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.
@@GarrettDills My personnel advisor is "LISA ELLEN SHAW" . In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience
@@ThormanBoucher I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
Before any of you quit, make sure you've secured a second job.
And that 6 months worth of savings just in case your new job is even worse XD
(Has happened to me, quitted at day 3 with confidence I wouldn't starve, and I didn't).
@@FelipeBudinich thatâs got to be an awesome feeling
Nope. Just quit your job. "So don't work there stupid." Everything will simply just work out. Easy. [sarcasm] Anyone can just make a video saying "just quit your job." That's nonsense.
@@trueLuminus if you arent going to do something about your job then stop complaining about your job
I quit my job mentally after watching this video then went to work in the morning đđ€Ł
"Being broke is a temporary condition, but being poor is a state of mind."
Elizabeth Vornholt
That's nonsense.
And stupid is stupid.
Makes sense to me..
"Being poor is a mindset hard to break. Remember son, we're not poor. We're broke."
-Dave Chappelles Dad
I đ this that makes perfect sense to me
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.
Thanks Dave ramsey your message has reached the GhettođđŸ
No debt & 39k left on mortgage
Let's get Wealthy đ€Łđ
Good job bro. No excuses just results. Keep it up.
Now you can teach your friends and help others! God bless
@@chocobillysranch9205 đđđ
@@briannacollie2742 What?
@@chocobillysranch9205 omg I'm so sorry. I meant to tag the person that made the comment
My husband was a high school teacher and I was a full time mom and home maker. Many thought we were poor. We just retired at 55 years old. Listening to their confusion about our life is so entertaining.
I love it
Lizzy Hazel thatâs great lizzy can you share some tips on what worked for you guys
Tyson ...... not helpful
I bet you guys a millionaire now
@@gittin_funky We NEVER carried any debt, except for 2 years when we payed off a $25,000 mortgage after putting down $50,000 cash on a modest, but nice, $75,000 starter home. The bank wanted us to find a bigger home with a $300,000 mortgage! NO WAY!!! That was 1992. We still live in that same starter home. We maxed out our Roth IRAs and retirement accounts every year and also invested in the stock market with the help of a financial planner. We love our way of life. It was not hard, just a way to live without financial worry. We have always traveled and enjoyed experiences. We also have nice things, just not as many things....which also makes life easier. PS...we are also blessed to have military health care benefits, that is huge!!!
I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run......
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns....
how do I get in touch with this consultant that assist??>>>>>
STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later>>>>>>
Thanks for the info . Found her website and it really impressive
In light of the current volatility of the stock market, I believe investors should concentrate on undervalued companies. Currently, 35% of my $270k portfolio is made up of declining but formerly regarded corporations, and I'm not sure what to do with them.
To manage market risks responsibly, distribute investments over many asset classes such as bonds, real estate, and international equities, seek the advice of a professional.
Move it over to S&P pr S&P equivalent (like VOO). It's already managed to drop and change companies so you won't have to
@@RobertBrown.. f*** professionals, you can do it yourself
"No one accidentally wins and you're not the exception". đ„ đ„ đ„
The man's rant single-handeldy gave me a better brain
Unless you get an inheritance
@@digitaluser1255 but that's not "accidentally"
@@platinum11110 logically thinking it's by accident.
@@_trust9994 how is it accidental? Someone had a plan to gain the wealth at some point. Also, short of lotto winnings, you should know ahead of time if you're going to inherit a ton of money.... Hence not a surprise/accident
Iâve been listening to you since 2016 . 31 with no debt , 50k in savings . Thank yu
Jelly & KooL Tv Iâm jealous đgood 4u... l should have done better but Iâm getting on the way
Sounds cool! You can grow that 50k pretty well. Go invest at Lumentrades, you can earn 30% of that quarterly. Isn't that good enough.
Bret Maki 30% return quarterly? So 120% return a year? No thanks dude
That's awesome
Bret Maki Whats this scam called as?
I felt this! You can't be stagnant. I tell people if you get comfortable in a place you don't make good money, it's time to get uncomfortable.
How does it feel being the ONLY SPECIES ON EARTH. . that has to pay for permission to live?? And maintain the division of your species by constantly fighting over money??. . i don't expect any of you to be mature enough to actually answer.
Lol wtf?
My take-away: Don't be stupid, don't be stagnant, live on less than you earn, save = make a margin + create wealth + be generous. Dave has quite a way with words and being "blunt honest" in his delivery. Love his advice.
How does it feel being the ONLY SPECIES ON EARTH. . that has to pay for permission to live?? And maintain the division of your species by constantly fighting over money??. . i don't expect any of you to be mature enough to actually answer.
âDonât be stupid. It makes you look badâ That is so funny đ€Ł
đ đ đ , funny but real tho bro, good wisdom
Too Funny!
It is halarious đ€Łđ€Łđ€Łđ€Ł I think it's the way he says it lol I was cracking up lol but he right tho
"Stop giving money to banks your whole life."- Amen
Banks are Institutions that destroyed American Dream.
wish i wud have know this 8yrs ago
I learnt this as early as the stock market crash in 2008, now I am invested in bitcoins, forex and cryptocurrency trading
Isn't it the same thing? where do you keep your profits? there is no escaping the banks
You do not know how bitcoins work do you? You can curtail your use of banks, I have been my own bank for 3 years and counting, it definitely got better this year with my counting my first million dollars in my blockchain
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
The best course of action if you lack ma-rket knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a con-sultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Fantastic! Can you share more details?
was guided tho..Julia Hope marble. walked me through the ropes majestically i'ts my ultimate pleasure.
Iâve been trying to grow my portfolio of $460k for sometime now, my major challenge is not knowing when to sell or hold.
The one effective technique I use is staying in touch with a 'financial>coach'
@@chrismillson2779 Any idea on how to find a proficient one?
This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.
THE NAME DROP IS COMING!
"Don't be stupid. It makes you look bad." - Dave Ramsey.
FACTS!! đđđđđđđđđ
Best quote ive heard in years
17 and found Dave!! I honestly love him. Heading off to college soon and Iâm grateful to have this knowledge.
Lol I was gonna go then I figured out trade school is the move
@@thumbsdown7684 yeah, college is a scam
I love your smile
Yay!!! Best of luck to you.
@@charlesyoung9980 thank you
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . Iâve been sitting on over $545K equity from a home sale and Iâm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Christine Ann Podgorny is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.
Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.
I agree. Based on firsthand encounter with a fiduciary counselor James Fletcher Brennan, i have $385k in a well diversified portfolio which has grown by 3x with compounding, venturing doesnât necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
his name is James Fletcher Brennan
@@clairefrewman1456 Awesome! your potential seems limitless. I'm fascinated with investing, Iâm delighted to engage in this opportunity, I just found his web page and have already written him. Thanks!
I donât have a dad or elders alive to give me financial advice. I use you for that. Thanks
Good advice/professional help is all we need sometimes to get through a rough patch
Lost quite a lot on bonds and stock exchange. Now I'm kneel deep in debt
was a on continuous losing streak in forex and real estate investment for what felt like an eternity till I was introduced to Lucas Anders. Investing under his portfolio really turned the tide for me.
Stop self trading and get professional help.
SevenNotes Good mentor!
@@kentgood2202 You lost money on... Bonds? Seriously? Lol how did you manage that, bonds are some of the safest, risk free investments to make.
My wife and I reduced our debt by 70k in 7 months after reading Total money makeover. 75k more to go.. God bless you Dave!!!
banird20 wow, way to go bro. Good job.
@@RosteeveBellier thank you, it will be a quite a journey from here but it will absolutely be worth it.
Awesome man, that's impressive!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. Iâve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@Dunker762 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. 'Alice Marie Coraggio", a licensed fiduciary who has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@user-qk9ro8rp8t Oh please Iâd love that. Thanks!
@@Dunker762 Alice Marie Coraggio is her name .
Lookup with her name on the webpage
At first I disregarded your advice, but now Iâm out of debt. I owe it to my emergency fund, thank you sir.
Are you enjoying life and creating experiences/memories like travel? I like a lot of what he has to say⊠but buying homes early, have only grown my personal wealth!!!
@@mandypdx wdym buying homes and how do you make the money to do that?
What is the emergency fund? 3-6 monthly salary or monthly expenses?
@Patty Manmiller that's right. Personally though I'd say people should save 20 percent for a full year so you still have some savings when life happens đ
Found out about Dave when I was 20 years old, drowning in $15k debt student loans and credit cards. 21 today with $0 in debt and opened a Roth IRA, saving up for future investments. Iâm so happy and blessed to have found Dave Ramsey.
- Dave
You won the lottery. Seriously.
You paid off 15k in one year, wow!
Whatâs your secret?
He worked VERY hard. Likely had multiple jobs. Uber, pizza delivery, fast food, consulting. Doesnt matter.
Money is a game. Just know how to play the gane and you will win.
Dylan 873 youâre 100% right. Worked for doordash none stop and threw all my extra side hustle cash towards the debt. Racked up the hours. All the extra cash is now going towards the Roth. đđŒ
Been listening since 2011. Graduated college debt free. Iâm 32 with a wife, 2 kids, and 220k invested. Thanks Dave.
The goal is to pay cash for a home in 3 years
noisehonk congrats!
đłđđđđ
noisehonk I'm sorry if I'm asking dumb question I'm 16 trying to learn more. May I ask how come paying a car or house with cash is better?
congratulations!!
SPIRITUALITY Ones No debt.
This guy is amazing. His advice changed my life. I was always scared to live below my means. It's way better than I expected.
How does it feel being the ONLY SPECIES ON EARTH. . that has to pay for permission to live?? And maintain the division of your species by constantly fighting over money??. . i don't expect any of you to be mature enough to actually answer.
I love this video! I donât have a college degree. I only had minimum paying jobs for years. I got into debt. But even so, I later got tired of living like that, of regular paying jobs and owing $60K. Iâm now self employed and others depend on our business.
Thank you Dave!
Your the man !!!!!
Thatâs awesome
Me and you have the same exact story except that I didn't owe as much. Cheers to success my friend.
How does it feel being the ONLY SPECIES ON EARTH. . that has to pay for permission to live?? And maintain the division of your species by constantly fighting over money??. . i don't expect any of you to be mature enough to actually answer.
6:51
"You don't buy a Ferrari if you're a millionaire."
What a lesson.
And the exact words I needed to hear today.
@Greg Russell I have. I didnât see a Ferrari in anyoneâs driveway. Bunch of Lexusâs, Mercedes, etc. No super cars
If you only have one millionaire, you still shouldnât buy lol
Heâs right of course. Iâm not sure what the amount of wealth is that allows a Ferrari but I imagine itâs where everything is paid for including a lavish retirement, and an âemergency fundâ that can cover a decade of expenses.
Then you just have to be smart and buy a super car that maintains its value or even appreciates. Those are the specialty Porsches and limited run Ferraris and Lambos.
10 -20 million net worth Ferrari money
@Pohjois Disaster Moon rev up your income!
This guy is hilarious. Heâs giving you tough love â€ïž take it and be financially independent
A way out. Out from the old energy
So True and yet you read through comments and people complain and/or donât agree but they are broke, thinking they know better đ
rnupnorthbrrr SM they complained because they are broke. Change is hard. They donât have the discipline or the ambition so when someone pointed out their weaknesses, it hurts
@@rnupnorthbrrrsm6123 RIGHT
YOURE WRONG!!
That's the same advice I got from my parents 45 years ago. All I hear from people is blaming other people for their situation, they must have no mirrors in their house.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
That's very correct sir!!
And that is why most of them end up losing they m o n e y to
s c a m m e r s.
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Working 3 jobs right now my full time job mon - Friday and than uber and Lyft say and suday in the morning and valet in the PM saving all my tips , getting my self out of debt slowly ,
Go to Church Sunday Morning. Take one day a week and rest.
@@jerrylisby5376
At the moment he may not have the luxury of church.
Stop ubering and lyft. Theyre a trap
Church is the real trap
Slowly???
Donât marry a someone that does not have a same frugal mindset you do..... number 6
Amen!
I know that one. Iâd love to pay off mortgage but my family are spenders !
Don't marry at all, number 7
@@Xeyph What if u fall in loveđ
Do not get married at all. No need to support another person, or worse children, and you can go do what you want to do with life.
I've listened to this same video over and over again. Dave always reminds me to stay on the path I've been on for years. I will be a multi millionaire in my near future. Thanks dave
Good financial info should be given and taught in schools all over America. Thank you Dave for giving good financial advice. đđŸđđŸ
Hereâs one piece of advice that you donât need a class for: if you donât buy a bunch of crap you donât need, youâll be able to save and stay out of debt
â@@nicholasselke5214sky is blue
Preach! I feel like I just went to church. Rather than criticize why not apply these rules and see if it works. Iâm only 23 and Iâm so thankful that I have access to this information. Dave is not giving us free money but he is teaching us how to accumulate large amounts of it on our own.
Vanessa's World at 23, if you do these things, you will have plenty of peace and money when you are 43 - believe it. You are the age of many of my nephews and nieces- and they all received the total money makeovers book as a graduation present from me. Apply these things while you are young, you wonât regret it.
Kenny Thanks I definitely will keep applying these rules. Every person my age should be taking advantage of this free information.
Put a minimum of $1,000 a year in an IRA starting now and you will be on easy street V.
@@AStanton1966 which is better for a 21 year old like myself? Roth or traditional?
It's a no brainer--the Roth. You'll never have to pay taxes on it. And any money held 5 years or longer can be withdrawal--penalty free. Of course the real way to go is work for a company that gives you a 401k match.
What really got my wife and I going was we wrote down all of our bills, got a total of all monthly expenses and matched it up with our monthly income. It really opened our eyes when we realized why we were struggling. We paid off all of our credit cards and a couple of loans, about 20k worth in about a year which was huge for us. We're in the process of paying off our cars.
Ive been trying this, but my wife is stubborn and gets defensive when asked about bills and purchases. Ive gone so far as to print mine out along with income though cant get a committment. Was there anything in particular you had to do to get her to comply?
@@icawn I had a similar problem too. The best thing to do is be up front about it and communicate to her what you want to accomplish with her as far as finances go. My wife has a problem with spending unnecessary money, like eating out, conservative purchases on clothing, etc.
We're going from spending on whatever to trying to spend nothing at all, which is a huge change. I get that. So we worked out a compromise. When we get paid, we take a certain amount of cash out of our bank account that we use to spend on whatever we want. Judgement free. No questions asked.
Having physical currency is slightly more difficult to spend, so my wife is starting to spend slightly less, so it helps. Since we started this, there have been less debit transactions from our bank account, and we have 100% accountability of where our money goes.
I also reiterated to her that our credit cards were for emergencies only. Any and all credit card use from either of us needs to be communicated to each other.
@@icawn "Neither of us want to lose the house or cars in the next recession, like a lot of people did in 2008. If one of us loses our job in a corporate downsizing, we need to have the cars and credit cards paid off, so we can put what's left of our total income towards the mortgage and have enough left for food and gas."
@@icawn I'm going through the same thing. My wife uses her credit card for everything. Very compulsive buyer. Her debt was dragging us down. Even gave her money to pay off her debt, told her stop buying everything with a credit card. If you can't afford it don't buy it. Saving for a house & in 5yrs she saved nothing. She has a great job but i don't have a clue where her money goes & I'm just tired. I finally gave up on the dream of owning a home and decided to just rent. I have 2 kids & I'm married to a woman with a great job & i am advancing while she has stayed in the same rut. Financially i do things excluding her because i don't think i can depend on her. Any decision i made like buying a home, now renting a home i do not include her finances. She can't be depended on. It's the worst thing in the world.
digical1 DIVORCE!!!
AND LATER WE MAY BE A NICE COUPLE!đđ€đâ€
Truth is always hurtful at first,
but in time it helps to make you see life much more clearly.
This is one of my favorite Ramsey videos. He gets straight to the point and will always be there to egg you on!!! Letâs go Dave!
Best thing Iâve heard in a long time. âLeave the cave, kill something. Drag it homeâ such a powerful line...
â Broke people should not be taking a vacation â â Itâs stupid â haha Dave Ramsey keeping it real!
True.
Nahh everyone needs a vacation. Flying out to an expensive holiday is not the only way to do a vacation. Keep it simple, do a road trip and go camping outdoors etc...
Joaquin Murrieta Agreed! Haha
Joaquin Murrieta love it!
Dharma Ram I agree telling me to not take a vacation is like telling go to work everyday die and have never seen Gods creation seems like a sad life
This is why I love Dave. Heâs 100% honest and not here to be your friend. Go Dave!
Watching this in 2023 and everything he said in this vid is still relevant.
This should be in all education curriculum!
They did Dave Ramsey videos at my high school but it was a Christian school
Londonography lol right I could not keep a straight face in class he is soo funny !
where will the government and banks profit from then? slavery was never abolished, it was intended to include people of all colors. - charles bukowski
@@adobotravels where will the government of banks profit then? Ding ding ding we have a winner!
"Blogging about me in your momma's basement."
Dave has no chill!
mobiusraptor7 I love his energy
I'm in my DADS basement.....he was wrong on that one ....
"It's not the basement! I'm in the apartment above her garage!"
Iâm in my brothers basement in the sump pump room.
@@percyastronautstatus.8780 hehehe
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Absolutely true. I started investing before the pandemic and made about $950k in profit that year, despite having no prior experience with investment. Actually, all I was doing was seeking expert counsel.
Please can you leave the info of your investment analyst here?
NYCOLE CHRISTINA VANNATA is the licensed fiduciary I use. Just research the name. Youâd find necessary details to work with a correspondence to set up an appointment.
I'm grateful for this tip. Finding your handler was simple, and a quick internet search proved useful. She appears to be quite capable and adaptable. I scheduled a phone call with her.
Heâs like a dad yelling at me đ
I am in my twenties and started using Dave Ramsey's steps! I started with over $80,000 in student and car debt combined and am now down to a total of $18,000 of total loan debt left in just 10 months! These steps REALLY do work! Dave Ramsey has inspired me and my family to pay debt off and even inspired me to share my experiences and methods that I used while in college and budgeting with my career income! Pay debt and live on less than you make! Save money and be generous!!
What are some tips did you use to pay off the debt?
I love Dave Ramsey! He is full of wisdom. Iâve paid off 120K worth of student loans since following his advice
Kristen Brown How long did it take ?
4 years!
Geez thatâs a lot of student loans. Q: how much you make per year?
Kristen Brown thanks INSPIRATION
Wow congrats! Yes he is I love him â€
Dave. Iâve watched hundreds of your videos. Yes I have questioned some of your ideas but at the end of the day. You are absolutely correct. You cannot teach common sense. People are lazy. People are greedy. People can be selfish. Again. Thanks Dave. You keep me on track and your wisdom I continue to pass along to the ones I love.
Iâve read a gazillion books but no one has ever really helped other than this guys principles. Theyâre straight forward and easy to understand. He actually helps you to change your bad financial habits through his routine. It has so far helped me to pay off more than half of my house as a single parent on a low income. If I can do it anyone can.
When Dave goes off like this, I literally die of laughter! Heâs telling all facts here
CatalyXt itâs the best ever I love it so much đđđđđđ. But heâs telling all facts.
Yep
literally?
Yes!! I love it..đ
I read your comment before Dave rant, now I know what you mean.
He want absolutely off on.. one.. .. I don't like Dave ramsey... weeewww weeeww weewww... TOUGH ! I so funny !!
"Get up off your assumption and do something!"
I think me meant, âGet off your ASSumption...â
When he said that, I literally spit my coffee out of my mouth. So funny
Saving doesnât bring financial freedom, the right investment does. Itâs best to always look for means to multiply money, there are lots of opportunities right now to earn.
Stock trading set me up for financial freedom.
Totally agree with you Sanjay, itâs wise to have multiply streams of income. Itâs one reason I opted for a FA Frost Hilda whoâs constantly identify lucrative positions to multiply my annual earnings with profits from stocks and forex trading. With the consistency in my payouts, Iâm confident in the future of my investment portfolio.
investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed returns.
@George Miller I actually donât worry about the risks, my FA Frost Hilda defines the risks on each trades and manages all risks effectively, and ensure thereâs been succession of consistent payouts. In few months Iâm expecting over a million dollar in stocks as raw profits. Iâm least bothered about the risk.
Iâve aware of Frost Hilda, Iâve read few articles. Itâs really impressive how diverse he is.
Miss the old Dave rants , still listen daily , thank you Dave
I owe Dave Ramsey a lot, he changed my life by changing my mindset towards money đ°. For me, heâs like my dad in the personal finance management domain. Thanks Dave, youâre amazing
No matter what anyone says, this man. Taught everyone how to get through the economic minefield safely.
How does it feel being the ONLY SPECIES ON EARTH. . that has to pay for permission to live?? And maintain the division of your species by constantly fighting over money??. . i don't expect any of you to be mature enough to actually answer.
Before I found Dave, I was paying $1200/month to rent an apartment I never even got to use because I was too busy working all the time. Now I live in a Van, rent free!!!
Thatâs great! I did something similar. I down graded to a cardboard box and now Iâm saving so much money itâs crazy!
@@MyLady22 haha đ
If you donât live at all you can save all your money! Think about it!!!
Everyday Hu-Man A Van đ€Łđ
Come on people, get serious it's not that difficult, if you want it.
This year, 2022, I am totally focused on building wealth. Ran across Dave & I was literally lmbo thinking, "Who is this man?" Definitely a different type of motivator! đ€Ł I'm already doing what he said & am looking for more insight from him. Knowledge & wisdom doesn't always have to come in a nicely wrapped box with a bow on it. Thanks, Mr. Dave!! đ°
I love it when he goes on a rant. His advice definitely changed my life (and my net worth). The letters N and O are on my bookshelf.
Relative thinks weâre crazy to follow Mr. Ramseyâs plan. We told him about our CASH emergency fund, and how much we have paid off in debt so far this year. AND we only found out about Dave Ramsey in February!! 2 months in of the years itâs gonna take to be debt free, and weâre ready for it.
Why would your relative think your crazy for striving to be financially responsible? It's such an amazing feeling having money.
Heâs an investor and has a hard time seeing himself stopping the investing to save the cash and pay off his debt.
Do you know how Dave, recommend regarding old credit card debt. My ex gf was an authorized user of my cc. And now the card went to Collection agency for over $5k. Do know what Dave's concept is regarding this?
Pierre Lamothe Iâm not too sure how heâd guide on the joint responsibilities of the CC. I do know he recommends against being financially joined until after marriage. For the collection agency, you can see if theyâll be willing to have you pay a lesser amount on the debt, âpennies to the dollarâ as he would say. Donât pay a dime until you get it in writing. But I just follow Financial Peace University, and am not affiliated with him. He may have a video on that topic on this channel.
Pierre Lamothe yeah yer stoopid he'd say and you are also liable for the money. I wasn't trying to be mean but Dave will say you learned a lesson... Two... The credit card and the girlfriend authorised and you won't do it again
..my advice...be carefull who you married. Both should be on the same boat and with the same goals. Great information for everyone !
David G. Amen!!
You can get married!! My husband and I were both free of debt when me married!! We have a child thatâs been sick, but he and I worked our butts off to pay off our medical bills. We have two cars that we paid cash on, and working to pay off our mortgage. You CAN be married and do this if you find someone with the same mindset.
We wished we wouldâve saved better in our single years. Neither one of us had much, and our friends treated us as if we are poor...we just lived below our means and would drive just one car to save money...now our friends are in loads of debt,downsizing, even though they are two income families, and how we as a one income family, are slowly building up our wealth.
We followed Dave and became debt free in 2008. I am 60 and working 1 day a week cause I WANT TO not because I have to. My husband works because he WANTS TO not because he HAS TO he is 58. Thank you God and Dave for what you have shown us. WISDOM.....we have been able to give, help and encourage others and have a sizable nest egg. listen to his wisdom that was given to him by God and experiences of daily life. It works!!!
Dave Ramsey, you are an inspiration. Thankfully I was introduced to your videos at a very young age, and it became the gateway to my desire to want to become wealthy, not only in this lifetime, but for future generations. This video is crucial because it teaches patient, discipline, and prioritizes longevity versus short term reward. And the most important part in all in to be generous and bless others around you.
I have read many comments so far. Your is the best one.
In my twenties and found Dave. The future is looking very bright for me and my family đ
Keep going! You got this!
#6 - Teach others. It keeps you accountable and sharp, through your Legacy Journey.
James Kiel I like it but the title says make you wealthy not keep you wealth. I don't think Dave missed anything with these 5 steps
Santonio Poole many people, from Baby Step 1 through 7 teach FPU, and have credited actually teaching the classes and help others on their journey, to being able to win with money (both in becoming wealthy, and keeping your wealth).
By the way, there are not only 5 or 6 principles to becoming wealthy. It sounds like you actually think that.
I agree
Best way to learn is Also teaching because you are more likely to remember the thing you are learning about 95% compared to reading books which is about 5 or 10 %
Mr. Ramsey and company it's amazing what I have learned from all of you over the years.
I listen to you on 1340 Am and look forward to it every time.
The debt free screams that the people put in are great to listen to and what they did to get there.
I wish I had heard this message when I was 19 years old. Thank you Dave Ramsey!
"When you don't have any payments, you know what you got.... Money"đđđ That's so simple and so true. That's something we can forget though.
But thatâs an incredibly simplistic view of finances. Many people leverage their debt to allow their money to work harder for them than if they simply paid off their debt. This leads to a higher net worth in the long run and many people who are loaded actually carry some debt.
1. Recognize You Need to Change
2. Implement that Change
3. Stay Disciplined
So simple, yet difficult for most to do, due to number 3.
The most beneficial things do tend to be simple though right. But human behaviour and poor habits get in the way.
This message is soo good, so basic. Yet most fail due to self discipline. Keep preaching Dave!
Hi Dave.I hate seeing people have to struggle in life.Good for you for having the skill to help so many.
They didn't treat me right at my previous job. So I left and moved. Got a new job that pays 9k more. Rent went down (will eventually buy) and work culture is better. Glory to God. I'm on a written budget as well.
Youâre awesome, great job
I wanna be wealthy enough for one day tip a waiter $100, pay the toll bridge for the 3 cars behind me, and put a $50 bill in a blind person's cup
Believe it or not, you donât have to be wealthy to do those things !
God wants us to give sacrificially, not just our surplus. Trust me, if given with a servants heart the return will be multiplied and in ways you canât imagine. Donât give thinking in a few days that money will come back to you 10 fold, thatâs not how we receive Godâs favor, he will bring blessings in many ways and in his time !!
basically you want the endorphine rush from it, you're not helping anyone doing any of that
You will never be wealthy if thats your goal, Bc hey your to giving to ever have.
Same
I took a screenshot of this, hoping to do this :)
Heâs right. People may not like to hear it but itâs up to the individual to do the work.
Dave has saved me from making many financial mistakes, I think what would Dave do. Iâm thankful for having Dave in my life
Love Dave Ramsey heâs helped me save 30 in a year and a half Iâm 23 !! Listen to this man !
To think of all the people that still carry oil stocks and are afraid to let them go, we get it,oil made you money in the 80's and 90's,but those days are long gone people fail to realize this.
Truth is,the world is moving out of the "I work for my boss" era.people who are to be entrepreneurs are securing a brighter future for self and family
I'm a gold lover myself but scalping gold is dangerous as the wicks are huge and also the spreads are not ideal but one can try it and see as it goes for you
If you're not investing in the market,real estate or the rest,invest in yourself
Everybody here always saying "start investing" but nobody really explain how it's like the doctor telling you you have a sickness without telling you how to cure or the cure.some people aren't afraid to try,we just need more info. How? Where?
@@laurentracy8662 I can only share what works for me, trading with an expert trader doesn't come easily very difficult to find a trustworthy one,I invest with a pro trader and I get good profit in return after which I pay her percentage. She is also a financial advisor
Dave Ramsey gave me the talks my dad never did. Now Iâm giving this knowledge to my son.
Dave has lifted me off my backside and made me face up to life to make hard decisions but Iâm better for it, spiritually and financially.
Thank You Dave đđđ