If What You've Been Doing With Money Still Isn't Working , Try Something Else
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- čas přidán 14. 06. 2023
- The Ramsey Show (June 15, 2023)
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I listen everyday and this keeps me motivated to be out of debt by the end of 2024!
@@shaunmotivation7509😂
This show has changed my life for the better. I don’t have money worries because I know I have a plan.
I came from Africa made so many stupid mistakes,but still able to be a millionaire now. Aggressively paying my house off. Took FP at my church in 2012. Brooks and Dunn “only in America”
@@manusmanus1836 awesome!! Keep it up
Let’s go!!!
My husband and I have followed Dave's baby steps for twenty years and are Baby Step Millionaires. We are living proof that the baby steps work. We raised eight children on one income and diligently budgeted and invested for retirement. We have facilitated ten FPU classes and love sharing the plan and giving others hope. Thank you Dave, for being a part of our incredible family legacy!
I’m happy for you so I hope you’re not a bot.
Wow! Congratulations to you!
@@chief5981lmaoooooo
Where’s the proof though?
Oh shut up
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 saved and want to invest. Where are you investing it?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
During bear markets, aim to 5x your portfolio with crypto accumulation and reinvest dividends. Consult a financial advisor for assistance. Since 2020, my $1.2m portfolio has averaged 38% annually through restructuring and diversification.
@@game46632 Who is this person guiding you and how can i reach he/she?
Who is this person guiding you and how can i reach he/she?
She goes by "Theresa Dana Peek" I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I'm a millennial who was convinced I would never be able to afford a house. Now successfully paying off $48k of consumer debt and hoping to be in debt free scream in a few years. Thank you all for rekindling my hope in home ownership and living debt free.
PLEASE tell all your peers. So tired of hearing their hopeless complaining.
Way to go!!
I am also a millennial. I am return to the US next week from South America. I've spent the last two years working in a foreign land and it has reinforced what I have always believed to be true. America is the land of opportunity. We are truly blessed.
PLEASE consider buying a house. The fastest growing population of homeless people are Age 50 and older. These people become homeless by being priced out of their home by a landlord jacking up the rent. In some states, the landlord increases the rent by $300 or more. At least when you buy and have a fixed rate mortgage, you don't have to worry about the exhorbant jackup unless you are buying new construction. Contrary to Dave, get a 30 year mortgage, but pay like you have a 15 year one.
In about 2.5 more years, we’ll have our house paid off. I can’t wait!
I say school didn’t teach me anything about real life but. BUT. they introduced me to the legend Dave Ramsey who has helped me get way ahead of my peers
So inspiring to see young marriages pay off their house! My husband and I paid off debt, followed Dave's plan and now just hustling to pay off our house in CA! We are hoping to do this before hitting 40 :)
Get after it!! Pretty cool for you guys
Came from Africa and made many stupid mistakes with money. Now a millionaire after taking FP is 2012. I listen to this show daily and also listen to Brooks and Dunn as a supplement, “only in America”
Way to go!....that is inspirational.
Good for you
😊
I purchased a 2002 Ford Focus in 2007 (car was only 5 years old) with 100k miles on it. The woman prolly finished her 5 year loan on it and traded it in for a new car. I picked it up for $1700. I put an additional $300 into it and I junked it when it hit 300k miles in 2017. Yeah, used cars are the bomb !!!!!
Wow!
The advise Dave gave to the kid that inherited 1500 acres of family land was ABSOLUTE GOLDEN WISDOM. Love it.
The only thing that has actually changed my life financially was doing a detailed written down budget that is on a magnet on my fridge.
i found almost an extra 1,900$ a month! i was shocked dude and since then i live on pennys and stack my money for the future, im debt free and only 20 years only, renting alone so im getting to save 3/4 of my income a month.
thanks for the help guys, george and rachel and dave all were huge helps. love y’all man
I just told my daughter about Every Dollar and I told her I "found" 2k a month. Like getting a raise!
The debt free screams always make me cry. Way to go!!!
I tear up every single time!
I love how uplifting Dave is and how proud he is of everyone he talks to who is doing well!
Dave you need to activate the translation function on every video. Spanish people living in US NEED your words. Your message is so powerful 👏👏👏👏👏👏
Spanish people that go to the US normally speak English. Another matter would be you not knowing the difference between Spaniards and Spanish speakers.
@@kathrinscharrer3923 gracias por su aclaración, totalmente necesaria y aceptable. Que tenga un excelente día.
It must be so gratifying to have people visit the debt-free stage and see how you've helped them!
These debt free people are truly amazing! 🎉
Love this show. It gives me hope for my financial future ❤❤❤
I’m already debt free. Been listening since Jan.1, and am truly motivated now to become wealthy and take control of my life financially
These videos give me so much motivation to stay away from overspending. 💰
Pro tip: Don't choose to live with your parents and drive 2 hours to work just so you can afford your new Civic 😉
Especially if you want to pick up chicks lol.
42:57 I like the way Dave addresses Chris from Dallas.. once Chris finally quit rambling
I know that made my day
Geez! His question lasted from 42:57 all the way until 45:15 😮 wow!
@@thekarencarringtonshow4557 😆
@@thekarencarringtonshow4557and no idea how long it would have been if Dave did not interrupt.
The show always inspires people to do well financially . Thank you ! Chicago , Illinois
I have experian that monitors my credit, and it's fun how they try to encourage me to get more credit cards since I have no credit card debt anymore and it's all PAID OFF for good thank you Dave Ramsey and the team for all the motivation you all give us❤
I LOVE a GOOD used car! ❤
Ooh I love that you are encouraging the Hallow app!! I just paid for it for one year .. so much on there to fit whatever your heart is needing for that day. ❤
Dave and George telling it like it is.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
@@DanLeahfort Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
@@colleen.odegaard That’s impressive, have you always had a financial advisor?
No, as a matter of fact I always preferred to handle my own investing, but after my portfolio took a major hit in 2020, I really had to rethink my plans for the future, so I reached out to an F.A *Theresa Maria Kost* who really helped me balance up my losses.
@@colleen.odegaard Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Ha,...Ha,....lol,....George said: And we're all here for it!!!! 😂
Changing lives, 1 life at a time,Thank you to the Ramsey Family
Y'all are a great inspiration
Ive been listening to dave for 20 years. His advice keeps my grounded. While he is the expert and i respect that, I do not believe all of his theories.
When I was in college I had a credit card. Did not keep a balance. After college I bought a modest car with a modest payment on a 5 year loan. A couple years later I bought a nice house with a modest payment. Because my credit score was nearly 800 I got a 3% interest rate on the house. A couppe years later I paid off the car. Now a few years down the line my mortgage payment on a nice house is $300 a month less than renting a cheap 2 bedroom apartment in this town. My mortgage is fixed interest rate and will always be the same payment. Loans can be a great thing if you use them for something tangible that you can afford and do not let it get you to buy more than you can. Btw i paid that car off in 3.5 years and havent had a car payment in nearly 5 years. Now im able to save for the next car.
@48:30. The "Roasted by Dave" special episode.😄
We had to humble ourselves and go back to baby step 3. We were on 5. But I was unemployed and we realized how tight our emergency fund was. So now we plan to double it which will take time but in the end will be a real nice piece of mind blessing.
Never followed his steps completely, but I’ve always been able to stay out of debt. Aside from just taking a bit of credit card money for the 500 sign ups. Lol but I’m on the last baby step working to pay off my house. A lot of folks disagree with Dave, although I may not follow to a T his advice I feel is extremely great and could help a ton of people
Yes! George is on!
I really appreciated for Dave’s advice in financial literacy. It helps me a lot. I am better with money now. Thanks Dave and your people.
I'm positive that John and Rachel had this call with 1500 acres of land the other week. Both advised the caller to wait to sell, as he's only 24 years old. (John actually said there's no way he would personally sell. In our throw-way culture, it's not worth selling generational property just to, say, buy a bigger house). What an amazing gift! Totally agree with John.
See I'm the opposite. I think that the idea of generational or ancestral land is an outdated holdover from the days of royalty. As long as the money isn't wasted, I don't think someone should be burdened with maintaining a large plot of land that they have no desire for. Someone like me, I'm very urban. I would have absolutely no use for a large tract of land. Selling it and investing it in property that is valuable to me makes way more sense. And if my progeny decide they want a large plot of land, they can sell my expensive condo and go buy it then. It's just dirt.
I think you're right! It's eerily similar to that other call. I'd hazard a guess it's the same guy. Good catch!
@@BlakouttheMMno, it’s not just dirt. It’s typically land that your family before you busted their asses to afford, pay off and likely work the land. Generational land doesn’t go for sale often. There’s a lot of reasons for that.
@@zachmiller2521 sorry, still just dirt to me. Wasting time and resources trying to appease the wishes of dead people is foolish. They had their lives. I have mine. And again, if you sell it and roll the equity into property more suited to your life, then your progeny can do the same. It makes zero sense to live somebody else's dream.
Oh wow, I'd definitely keep that generational land. It's much more than just "dirt". If I "had" to sell some of it, it would be the least desirable part.
Oh my gosh Dave cracks me up Everytime. Go ahead and play kissy face with the bank and worship FICO.....😂😂😂😂 I listen to him a lot so I hear it all the time but it's still funny and true!
Love the show and thank you for good advices . Chicago Illinois
Dave & George riffing = priceless.
I am encouraged everyday as I listen and watch the Ramsey Show. Dave and all the personalities are great, of course George is my favorite. I am Baby Step 2 and hearing the callers and the Debt Free Sceams give me hope. Keep up the good work Dave
Awesome show, so inspirational and love all the information shared, discussed and money help your shows provide every day. Peoples lives are changed for the better Thank you from 🇿🇦 😊
High school needs to teach students about credit score and debt. But they want you to get trapped on student loans
WOW....one thing that stood out to me was when he was talking about a renter he had that got cancer (@approx.1:30). Couldn't make payments. She didn't have to worry about anything, "She didn't have landlord problems BECAUSE he didn't have mortgage problems!!" GOALS!
Im 24, just paid off all debt, don’t pay for housing (Military provided), have no need for transportation, put 15% into retirement, have a $1,000 emergency fund, and have 3 months expenses saved, and have no foreseeable expenses for at least a year. I hope to call in soon and see his view on my next course of action!
uncle Dave & Chris 😂😂😂😂😂 omg. please post this as a separate rant 😭😭😭😭😭
I'll be out of consumer debt by end of 2025. I'm so determined so I can really travel and start paying off the 4 mortgages I have then I can retire. Can't wait and I'm so focused and determined. This show lets me know I'm not alone and it's encouraging to keep going when I see other people doing it.
I have just over 12k to knock out. I plan on being done by November. I've been at this almost 2 years.
What isn't emphasized enough is the peace of soul and mind you have being debt free and being able to build wealth.
Praise God In The Most High!
I always hated budgeting apps, they don't always help me see the big picture; but I took a chance and downloaded the every dollar app and I'm in love. I see the big picture! I got paid a day less than what I usually make this week due to Thanksgiving holiday, but I spent my money more wisely. I even have a 'Fun money' budget and it helped me so much. Thank you Ramsey team!
It makes so happy to see Dave so proud of the people who have used his plan and are debt free 🥰
Thank you for caring enough to share wisdom with us! 😊
I saw a car at a classic car show (I don't remember make and model). It had the dealer sticker in the window. It was a 60s era car. He bought it new and still had it. His grandfather chewed him out for paying that much for a brand new car. I think it was $4K, which would have been extravagent, back in the day. But he kept it and it still runs and looks great.
As someone who bought cheap used cars and had to spend thousands in repairs (a 2000 car and 3500in repairs) over the two years I had it, vrs the car payment that equaled the same amount only it was fully functional and I didn't have the constant worry over weather or not it would start that day or if I could get rides to work or have to miss work because the car was once again broken, I stand by the opinion that some times a cheaper lease or a small car payment might make sense.
Right on. When you need a dependable car, you can't get something that needs repairs all the time.
Big shout out to Shawn! Love this 🙏🏽
Thank you 🙏
Wish I would have found Dave sooner. Already paid off my vehicle and have no CC debt. Only thing left is my mortgage!
You speak the truth tell truth I love this guys God bless you!!!!!
I found this very helpful. Good eye opener about the devalued rewards for credit cards.
He reminds me so much of my dad! Love to watch even if you are the Turing into the guy to yells get of my lawn!
Love when Dave goes off at all of us through one ☝️ 😂 we need papa Dave!!!!!!! 🔥
😂 I have to admit, I'm guilty for collecting them credit card rewards. I use my card as if it's cash and set a recurring order for the whole amount monthly. Have been doing it for years and haven't been able to get any interest out of me.
Congratulations Shaan, your story is inspiring!
Dave was on fire today I love the show 😊
2020 was my wakeup call. Been on preparation mode since then. 2024 - I expect things to keep sliding downhill. I have a few clients that are hinting at slashing their budgets by at least 30%. Spending this month getting a new side business going to avoid being negatively impacted by a potential loss in regards to my main source of income.
Congratulations, Shaan! You are an inspiration.
Thank you so much!!
Since this DFS, I realize I have more options!
Managed to start a business, save on down payment on a house and help others follow the mission of debt freedom! 😊
Ramsey was a little off on his math 4% of 45k is $1,800 but either way pay the student loan off!!
Yeah, that didn't sound right to me. But funding a HYSA with debt to arbitage or hedge your student loans is the worst idea ever!
I caught this too lol - scrolled comments looking for someone that brought it up 😂
Theres no harm in making a few hundred bucks while waiting for interest to start accruing. Its a win win. You get a little extra money and you still pay off your loan without extra interest. I love Dave but he was too hard on the guy.
@@Eugene00that would make sense if he didn't have a large debt with a higher interest rate. It will eat up all that "profit"
@@4C_Energy thats true. Just sharing my experience.
Great show as usual Dave and George
I love this show, Dave George youre awesome! I was talking to a friend about student loans and she took them shes studying for nursing and shes starting to worry so I gave her a basic idea of the baby steps just trying to encourage her and shes trying to pay cash as much as possible.
Dave, outstanding advice to William who just received a substantial inheritance!
While watching these marathon videos, it encouraged me and I paid off $25K worth of debt.
Such a wise man!
Really like the advice given…the young man with land will thank you later
Thanks for a very good episode.
Reuby and Rory-cashrolled babies 😂😂
1:36:41 😂
broke people telling me about money..... this is how I want to respond.
That’s crazy we pull in 145,000 a year after taxes and deductibles and have 36,000 in debt and I feel like it’ll take forever to pay off. I definitely need to get straight on this plan
What about the fact that the guy that lives with his parents and moves out is now going to have a much larger rent/mortgage payment then his car payment???
By moving to a place where everything is almost walkable or at least drivable within 2 miles I was able to save a ton of money on my vehicle insurance. I switched to insurance that is 30 cents per mile plus $3 on a day that I use my vehicle. A 2021 Chevy Silverado with full coverage and zero deductible and a 2005 Dodge Ram Hemi 5.7 truck The cost dropped from $166 a month down to just under $15. I only have to drive my truck 4 * 8 week and I could be even more frugal and drive it only 2x. I live within 11 blocks to a library and a grocery store and a gas station. I'm a senior citizen with mobility issues and so I cannot walk that far with groceries
Discover has paid 5% on grocery stores this quarter. I have to buy groceries. Im not changing what Im buying just because Im not using a debit card. I spend the exact same wither I have a credit or debit card. If you don't learn to control how you spend, using a debit card instead isnt going to change anything. Take accountability for how you spend. Why in the world would I not take advantage of 5% back?
Best susinct advice I heard on this show... "undo the sucks" 😂
I get and agree with Dave's point to pay off the student loan debt but 4% of $45K is not $400!
The first 8 minutes of this video is priceless.
1:24:08 - Coulda sworn this person called in for the same issue recently.
“Let’s undo the sucks” 🤣🤣🤣
❤❤❤
Thank you for your show!!!
This is one where it helps to give a graph of likely taxes on the IRA distros. But yeah. I am a partial convert and put at least 5% in Roth 401k and the other 9% in the 401k to max it. And am slowly transitioning to 100% roth.
Thank you for this!
Dave is awesome lets go!!
HI friend! Here and ready to watch you crush debt!
A couple comments on Roth vs Traditional IRA. RMD has been increased to age 72 1/2. Also Traditional IRA is the only one of the two that is subject to RMD. If she’s retired and not working I don’t know how they’re still putting money into IRAs. The IRA rules require you to have a working income to contribute to either: To contribute the max $7000, your working income has to be at least $7000. Roth 401ks have different limits. Working income has to be from a job or business, investments and SS don’t count as working income for either kind of IRA. In a married couple each person, husband and wife, can have separate IRAs of max contribution of $7000.
Was going to say, unless she's still working a little, the income can't be put into the Roth IRA
1:27:55 this kid called 2 weeks ago asking the same question
“If your broke friends are making fun of your financial plan, it’s a sign you’re on track” 1:41:09
Thank you Dave. I needed to hear this! Hi from Australia 😊
Weird consept that credit score. Here in Finland we can easily check that does someone have credit loss. When paid, 2 months and you are free to do new debt and buy car or home...
That land is not just dirt, the potential of that land is worth more than 3 million.
The only thing I do different. Is to build up emergency fund. Before getting out of debt. If you don't have a big enough emergency fund then you will go into debt if you have an emergency. We had the car die twice a 25 yo stove die and a 20 yo fridge die in 18 months. W/O a 4500.00 emergency fund we would have needed to go into debt with only a thousand in an emergency fund. 4000.00 emergency gives me peace while we get out of debt.
Poor Chris. 😂
he had a point tbh. ramsey was wrong here
Dave gone tell you like it is😂
@@tawfeeqvhora he did not have a point. We are not in a recession regardless of your politics. We are moving farther away from one every month. Do you honestly think Dave wouldn't say we are heading for one if he thought so? He take every opportunity to bag on Biden. I hate the political bent to the show but it is his show.
You don't get to just make up your own economics to suit your political point of view.
Maybe you guys need to get more than a few news sources.
I like how Dave slid that gluten coming in there lol
Best money show on CZcams hands down. I've been following for a few months. SPOT ON. Other than the marriage views. Get rich and stay single folks! lol. ❤ Love ya guys. You're helping me get rich from scratch.
I Agee with you his views on marriage and denying the pandemic.