The One Thing Rich People Don't Do To Prosper - Dave Ramsey Rant
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- Опубліковано 6 вер 2024
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“They are angry because I present to them hope when they don’t believe there is any.”
That’s so well said
I used to be a black democratic socialist. Since listening to Dave I still identify as a black man. Thanks for all your info and motovation Dave
Lol
What? Smh let's just stick to $
Yes! Congrats Sir!
Im a black democratic socialist man, after listening to Dave I now identify as a white republican woman
We have all been lost and brainwashed at some point. Dave speaks truth and opens the eyes of the financially blind.
Inheritance is almost like lottery. If your not good with money, it won't take much time to loose it all
While I mostly agree, it also makes sense that money-smart parents would raise money-smart kids. Especially if they own a business, the kid could keep it going with some acquired know-how and in that sense have a huge "head start."
Easy come ! Easy go !
Or worse, you could lose it all your money.
yes , but if you are prepared for it and you find a good financial adviser you should be fine.
If they loose it, then they will lose it for sure
My 8 year old overheard this playing. He says: “Buy a Ferrari? How will you be rich if you spend all that money?”
There is hope!!
Sounds like your 8 year old is already smarter than the average liberal.
So simple an 8yo gets it.Some adults on the other hand...
@@b-rad-3849 more like the average American.
And everybody clapped
Smart kid!
Thank you Dave!!! This mindset angers me. I worked at Wal-Mart for a few years, and started using the phrase "Walmart mentality". More than half the people I came across, didnt take any responsibility for the situation they were in, and blamed it on everything around them. This was a huge reason why I left. I couldn't keep surrounding myself with this type of thinking, and hoping it didn't rub off on me.
000tech-4-less000 yep i worked in the walmart store years ago, their mentality is sad, i left that place
So sad
I used to stock merchandise at Walmart. It's the kind of place you end up when you give up on your dreams.
I used to work at a Wal-Mart too and I totally agree. Worst part is that mindset permeates the entire company much further up the ladder than I thought - it wasn't just the minimum wage folks thinking that way; it was several layers of management too. In fact the upper management seemed to encourage it. Keeps the masses in line 🙄
Very sad, esp. since from what I know of Sam Walton, that's not at all what his company started as/ what he envisioned.
You seriously make my entire day when you go on these rants 😂😂😂 thank you God for placing a sense of humor inside of this man. Makes me laugh all the time!
Why do you find these funny?
Because of the way he answers them.
KimberlysBeautyChannel they’re really not that funny. Tbh Dave is pretty dorky so I’m sorry if you find that kind of humor funny haha
@@EmpireTextbooks I agree. Neither do I agree with his viewpoint on this. 25 plus yrs ago, yes absolutely. Except for those who are born with a silver spoon in their mouth.
I’m definitely dorky and love dad jokes lol
OMG.... Why does Dave have to explain this to people? I grew up knowing I was responsible for what I did.
What happened to people today???
People just want excuses so they never have to improve themselves or ever feel bad/responsible.
@leaderoftheworldputin sadly you're right.
SpaceGirl brainwashed and programmed
Because there are people who don't know and haven't been taught that, but there are also people in places where that kind of thinking is a luxury they aren't given.
Blame feels better than guilt for most people
I really made someone mad one time when they told me that rich people are evil and I responded with "Rich people aren't evil! They are individuals who made more people happy than you did!"
When my eyes were opened and I realized Im in control, my life got a whole lot better.
Thank God that Dave Ramsey has the personal strength to stand by his very strong and valid opinions.
Very well said Dave. Many people out there are still “blinded” in the area of finances. Keep up the preaching so that the blind may finally see and understand one day.
Especially in the modern age of the internet, people and businesses have become much more honest good people. The bad ones get hung out to dry from internet reviews and the good ones get the news shared to the entire world how great they are.
"Only if your parents are cousins."
BAHAHAHAHAHAHAHA
Jason Smith
Only if you’re from Alabama*
EEYORE BECOMES YOUR SPIRIT ANIMAL 🤣😱😱😂😂🤣🤣🤣🤣
That was the best part 😂😂😂
I actually know someone who is the living embodiment of eeyore
@@christopherrosas2738 i don’t know why it’s so funny it just is
@@innovateandinvest have you ever seen eeyore???
I love the Dave Ramsey show and Financial Peace program!!! My husband and I have been going to classes and implementing everything!!!!!!! I love the structure! It makes sense!!!!
Politics make people so shallow and close minded. If only common sense was common.
Jacob Votava he didn’t say anything about right wing crazies. He was talking about left wing crazies that are factually incorrect
Common sense is extinct
@Jacob Votava He did talk about right wing crazies too, even though it was an afterthought
its on purpose...STOP watch CNN
Did he just say, “nut burger”? 😂
Yes he did. lol
🤣🤣🤣
THAT'S NOT what he WANTED to SAY 😂 😂
I'm a die hard liberal but 100% agree with everything Dave illustrated in this video. I'm a liberal because I believe we should hold the government responsible for providing a certain benchmark for a quality of life, however the governments involvement (or lack of) should never influence the individuals ability to persevere in their own situation. I think college should be free and we as a society would prosper more if that was the case, however I don't use that as an excuse to not pay back my student loans and keep myself in the gutter.
Dave is like that old cranky uncle that in fact holds valuable wisdom but in your early 20s you fail to see that. But just like clockwork, come to find out years later he was spot on the entire time.
Dang it Dave, did you just call me Alt-Right for living off the grid and having a supply of ammo? LOL That's how I'm not in debt
In 2011 I inherited enough to retire comfortably. I've lived on what my investments earn and spend less than what's coming in. My sister inherited the same amount as me and is now in serious financial trouble.
Don't
Help
Her
She will shame you.
You owe her nothing.
@Dan Lyons well stated
Don’t worry about people like that .You are speaking to people like me who want to here from you
Most rich people aren’t driving Ferraris, folks. They’re driving used Honda Civics and saving/investing.
No. That's what they do to get rich. Once rich, they drive whatever they want
Love me a Dave Ramsey Rant, Always Makes My Day !
I can’t say much cause Dave just said it all...
I am not left wing or right wing. I use to play defence.... Hockey is awesome
earthsteward9 I personally prefer chicken wings 🙃
Dave is seriously the best! Truth and tough love is so needed today like this. So thankful for his books and channel.
Keep on preaching Dave!!! Bravo
dave ,the excuse maker's keep.making excuses...
If 75% of millionaires are self made today. that means 75% of the worlds wealth will be inherited tomorrow
I didn’t think I could love you anymore than I did. You’re amazing. Thank you 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽
Millionaire is an aspirational goal, and I'm glad to have become one, but it really isn't a lot of money. It's better than not having it, though.
I feel the same way most of my investments are in stock etf. Any day I know my portfolio can drop by 50% or more so I maintain do debt
But it is nice not having to worry about money.
"trying to live of the grip and collect ammunition" IRL loled
grid **
Thank you Dave for all of your advice!! 💗
Paid off my student loan of £2990 due to 3 jobs and gezelle intensity in only 3 months. Still over paying my mortgage and investing during that 3 months. Over here in England. Thanks Dave for the guidance /videos and book.
Well in America we multiply our student loans so we play 30k instead of 3k. Tho I agree with you many people get into 30k debt because they enjoy college with drugs and parties. Until when they graduate and have to pay back the student loans. Your a very hard worker I wish I was dedicated enough to work 3 jobs. Good on you, cheers mate.
I love Dave Ramsey's rants. I always feel empowered after I listen to one.
Love me some Dave Ramsey rant in the morning! 😂 👏🏻
Trying to live off the grid & collect ammunition 😂😂
Dave says 'that's not what I meant' when talking about his tweet. But when responding to arguments that rich people get ahead by being dishonest or self serving he gives a really poor example. What about companies buying rights to life saving drugs and bumping the price by %1000's points? What about work places paying their staff as little as possible while giving themselves huge bonuses, not depending on performance? There are plenty of people who become wealthy and do it in an honest way. However there are also loads of wealthy people who got there by doing whatever it took to make money. It's easy to find a real world example if you look.
I can tell you the average person who makes a lot of money either has a corporate position that pays them a lot or starts a business where they bet the farm on an initial capital investment and it paid off. Both of things are pretty serendipitous. Incidentally, Dave never actually tells you what rich people do. Well, for starters based on my assertion they either fit into a corporate mold or they take pretty big risk, among a myriad of other qualities. Hard work is just one component. Smart financial decisions are just a single component. If Dave really knew what he was talking about, he wouldn't be a radio host because he would actually have a business, instead of just talking about business.
@@pirizzo
Why should I trust what you are saying at all? Who are you? Why do I even care to reply to this? Where is your UA-cam show?
@@DaDaDo661 I work with successful business owners as an adviser. I also prepare a lot of taxes. As to why you replied, I don't know. As to why I don't have a UA-cam channel, I have better things to do.
@@c_rob1 I appreciate your polite reply. Don't get me wrong. I like Dave Ramsey. He tells middle class people not to buy $45,000 cars, and he also is a proponent to debt free living. Both amazing points of view that save thousands of people financial misery. However, I only differ with him when starts to talk about wealth because I think that takes a greater degree of acumen than he gives it credit for.
@@c_rob1 I completely agree. No debt and no huge purchases, including college and housing, is the best advice anyone can give financially.
Ha just heard this one on the podcast this morning! Haha love this rant! 👍🏽🙌🏽
For the most part you are right. But there are a lot of businesses who got rich my conning people. It’s not stupid. It’s fact!!
Godbless u sir..watching u here in brunei..im from philippines i learn a lot ftom you...
Dave: Yewww Mo-ron! Love it 😂😂😂
As a Left Winger, I believe in all this. Social support should be catered for those who can not support themselves, like mental or physical impairment etc.
Unless physically unable to work, you don't work you don't eat. Take care of you and your own. You are not my responsibility.
Dave, there are nuts on both sides, but I think there are a lot of democrat voters that have wealth and listen to your show. We believe we have control over our lives. We're not all crazy.
Calm down, he's talking about nutburger socialists. He also threw nutburger alt right under the bus.
This is true. My in-laws are rep and they treat their 40 yr adult daughter as a 10 yr old girl. Meaning, they criticize people that truly needs help from the gov but they pay her bills, her trips, etc... 🤷🏻♀️🤷🏻♀️🤷🏻♀️
I SEE RANT..... I CLICK
This misguided way of thinking comes from watching too many movies and TV shows, books...They make themselves the underdog hero of their own fantasy world by exposing the "evil and corrupt"...
Excellent point!
100% TITHING 10% BRINGS ME PROSPERITY AND BUILDS MY FAITH God is a perfect father
Kirk Royse AMEN ❤️🙏🏻❤️
Generational wealth does make it easier. I come from a family that is broken from divorce and poor spending habits. I’ve had to work twice as hard as my peers.
So true!
I agree with you 90 percent of the time. On this topic I notice how u didn't mention all the financial institutions that prosper on ripping people off. Over and over again they have broken laws and faced no real penalties.
Janky One Dave forgot the financial crisis of 2008 conveniently and how banksters got bailed out by the tax payer.
J
Yep...stop carrying credit card debt. Only borrow money (currently Low) on a home...period!
How does that impact you personally??? BTW Politicians are the biggest crooks and NOTHING will ever happen to them. They get you to look the other way by paying CNN to run "stories" about these financial institutions you are talking about and then do whatever they wish. STOP watching the "news"
@@peartfaldo weird of you to assume I watch the news. It affects all of us personally. The inflation we are experiencing right now is just one example. The politicians are owned by their corporate sponsors. Stop participating in the left/right paradigm and focus on the real masters. Stop pointing left or right and look at who really benefitted from all the money printed the past two years.
I'd be on the left and a supporter of Sanders with stuff like Medicare for all etc but I totally agree with Dave with his financial advice
I mean no one can say that capitalism is a perfect system or any other economic system. It is difficult to navigate through it if you’re not educated on how to live with it, and high schools don’t teach kids about real life stuff. So it all comes down to our foundation w/ education. Just sad :/
It's the best option tho and now with the internet it's easier to find your way
Preach! Learning about money is what helped me realize that capitalism can work... for the people who learn about money!
You may not necessarily prosper by charging nothing for a fast repair. If everyone is told they work for free or cheap and then people go there based on that info and they get charged $300 in labor for a much larger job they will feel ripped off because they were told they are cheap. Ask Louis Rossmann on that one. If you don't put a little value to the work you do, even if it takes you 5 minutes, the person on the other side of the counter couldn't have done that work in 10 years. You have the knowledge and the skill to do it that they don't; charge for it. Don't rip them off, but don't undervalue yourself. At the computer shop I work at most people are willing to pay and want to pay for a 5 minute fix because they couldn't do it no matter how hard they tried.
Love Dave, a little Dr. Phil, Warren Buffett, and Richard Simmons all rolled into one.
Words of ignorance ring true in the ears of the ignorant. Dave, everyday you are creating less ignorant people. Keep up the good and devine work. If you convert just a few of these ignorant people (12 for example), they will be your best disciples and they will teach many more.
Dave isn’t wrong. But the system is messed up and he needs to acknowledge that. Remember, Amazon paid zero taxes and got a tax refund. How’s that fair?
How do you know that? CNN tell you???? How does that impact you??? Stop blaming others and stop looking for a financial boogie man.
I think people just like blaming wealthy people for their problems instead of looking at themselves and realizing they make bad life decisions.
I came from a business owning family who worked hard and lost it all. It’s given me perspective on both sides of the spectrum.
Blaming people for your misfortunes will never result in improving your self worth.
Great video Dave. I believe self awareness is the key to sucesss. Money is just a tool that you use or lose. And the only commodity that is equal in life is time. What sets people's life apart is their thoughts. That's why information is key. Answers and knowledge are everywhere there if you ask the right questions and have the desire you'll seek and find them. The challenge is out of 168 hours in a week how many people that are not in education sit down and study. As the key to wealth building is contribution, adding value to the market place/other people's life. That's why the best investment you can ever make is in yourself. Because as you can become more you can have more. Jay Riley.
Dave keeps it real, more people should watch his rants for their political views instead of the news.
Well crooks do prosper when they are politicans
True but Dave doesn't speak to small exceptions. It isn't useful to talk about outliers like these.
I think there are crooks on the Right and The left, i was annoyed at first when dave did the characture of the left but i think he balanced it out with acknowledging that their are some crooks on both sides. But overall if you do bad business you will get punished in the long run
If crooks do not prosper then why do you say banks got rich off of taking advantage of peoples debt?
I am a proud leftistist (Democratic socialist) But I believe 100 percent that I am the captain's of my ship and the master of my soul, that is why I own businesses.
That doesn't mean that I don't want the wealthy to pay their fare share (Which I definitely am a part of) and to use that money not to bomb poor countries around the world but to give our citizens healthcare as a right. And to take care of our 3 million homeless veterans here at home.
@Doug Evans Who told you that I don't do that already?
Do you think me writing a check is enough to get the 1.4 million homeless veterans care that they need?
In the mean while, we are spending 700 billions to send to send our kids to war, but when they comeback is when we stew them over. Think about that.
We need everyone chipping in.
Wealthy crooks more likely to thrive in non-recurring high cost luxury sales like buying a Cadillac, cost paid to an architect designing your home, food quality at a lavish wedding, etc
It took me 30 years to fully realize that most people don't want freedom or social mobility. People who actually want that are an elite few, and you can't tell who they are by looking at them. Most people crave for someone to tell them they are nothing, and they will always be nothing. Then the pressure and responsibility are gone. Most people are happy with no money and no responsibility.
Dave I love your podcast and outlook regarding personal finance. I also happen to lean progressive, believing that society benefits from providing social services (education, eldercare, healthcare, police, fire, defense, etc.) to its citizens. It's frustrating when you deride people who don't understand your message as leftist or liberals. You can believe in progressive policies and also have a sound personal finance mentality. They aren't mutually exclusive. Thanks for everything you do.
same here lol i support progressive policies like medicare and free public college + fair tax system but i always agree with dave on his financial advice. theres many liberals that have been wise with their money and made themselves millionaires
People are on social media become stupid - the basics work...as someone who lives simplicity - spend less than I earn and keep the debt to a minimum - anyone can live a good life...slow and steady wins the race...no illegal or unethical activity required.
My favorite hobby are,. Save save save save. Save more then you spend. My favorite hobby. Thanks.
A few years ago I saw some anti capitalism protesters. They were using iPhone and wearing Nike trainers. 😂🤣
They may not inherit their wealth but they inherit intelligence and good life practices.
Live beneath your means people.
Mike, it's a marvelous principle that allows us to deal with unexpected and expected events, avoid crisis, and gives us options in planning and living our lives.
Common sense is not common practice
well something is amiss in the credit reporting business. my family member just declared a Chap 7 AGAIN , 3rd time. They have a spending problem, and collect credit cards like baseball cards.
not even 4 months after discharge, they ALREADY have another CC unsecured w/ $2k limit and their fico is over 700!
Now, this infuriates me! for many reasons, but mostly because neither of them have impulse control. they spend endless amounts of money on frivilous things like eating out or travel, gambling and toys. They use Bankruptcy like its a game, and then brag about how they just go right back into debt they can not afford. Both are getting close to retirement, neither have a pension but SS.
So if there are NO CONSEQUENCES to declaring bankruptcies over and over, how can ANYONE who plays FAIR by sacrifice, saving and giving feel good while cheaters, liars and THIEVES seem to have it all OVER AND OVER AGAIN?
and why are credit reporting agencies not BANGING FICOs harder after chapter 7s?
IMO... no one should be allowed to do it more then twice EVER!
We ALL pay for that behavior with HIGHER prices!
I love Dave Ramsey’s rants and country sarcasm and silliness! 😂🤣🤣🤣🤣
There are a lot of studies debunking the bootstrap myth. Behavior helps but most of the rich had wealthy parents. It affects your upbringing and being rich allows you to take risks that poor people simply can’t afford to take.
Cheap dig at preppers. Those are the people who refuse to relinquish control to others.
I am a liberal who loves Jesus and is fiscal conservative.
Are you liberal concerning foreign, social and economic policy?
I'd be considered a right leaning centrist. Socially conservative and Christian, full capitalism up to the point avoiding crony capitalism and monopolies. Example, Twitter and Facebook can do whatever they want. It's their company. But they need to be limited because they've become the public forum where information is spread by public and private citizens. I forget what the term is, but companies like Facebook and Twitter need to be fined when shadow banning is prominent on their platforms.
Roo ClickNet you are probably disliked by a lot of liberals. Being able to think independently and all.
@@b-rad-3849 yeah it's awful.
"Liberal who loves Jesus" is kind of an oxymoronic statement
@Josephine Bournes ....psssst. don't go out in public, your TDS is showing...
Well rich people give their kids better opportunities
Take an honest look at some democratic policies such as pensions and overspending peoples money. New York is close to bankruptcy even with high taxes... Illinois has insane property taxes. What is the result... people are leaving those places.
Yes, the economies of Califorina and NY are so bad because of taxes that they have a GSP (GDP) per capita of $74,205 and $85,746, respectively. While the ultra conservative states of Arkansas and
Mississippi are at $42,454 and $37,948. Conservative states sure seem to be doing great. Really, the only time Conservative states do well economically is when they have massive natural resources and a low population. Alaska does well with 7th highest income per capita, $73,205, but 1/2 of all non government revenue is oil based. North Dakota and WY also do well for the same reason, lots of oil/gas and a small population. By the time you get to a conservative state who's population is more then a large city, we get to Texas, who ranks 20th and below average for per capita GDP.
To be honest living of the grid does sound pretty fun sometimes.
Tell that to the guys who ran Lehman Brothers... LOL.. still got nothing but respect for ya Dave.. and btw your plan is working greatly in my life..
Lehman's out of business, and how many businesses are out there? If your company ripping people off? Some people do bad things. Don't paint them all with the same brush.
@@reymondjames1726 He said "ran", not "run". And who's saying every single business is ripping people off? All I hear is people saying the ones that do rip people off should be held responsible, not that the innocent ones should be punished. If someone in your neighbourhood murdered a man do you think he should get away with it because the rest of you are innocent? Probably not, the guilty shouldn't get away with their crimes
Having listened to (and LOVED) the Akira the Don/Jordan B Peterson musical projects, I'm hereby insisting that there needs to be an Akira/Dave Ramsey follow up.
Get’em uncle Dave!!!
Those are called excuse makers. They always have an excuse for their actions or lack thereof
I love the voice he makes for other people lol
I've never been employed by a broke person.
Yikes
Tigger is my spirit animal
Get em Dave!! Btw I am using one of your smartvestors and All your advice 😎....Thanks for all you do!!
"Only if your parents are cousins"...omg it killed me, but very true
thank you dave, for acknowledging that there are crazies on the right and the left
Mostly left
Great insight. I realize I have struggled with the opposite of this view.
Ripping people off isn't how most millionaires are made, but there definitely are scammers that get rich and stay rich.
Just look at all the scammers selling courses.
That's why they charge 5 to 10 grand. By the time anyone finds out they already made all their money.
a fool and his money are soon parted
If you follow Dave Ramsey Babysteps. You will be rich. It doesn't matter how much money you make! Forget credit cards and all that nonsense! You don't need it. I follow is babysteps and I don't.
😂😁 Tell them Dave! 👏
Rich man tells poor people...listen to me and you'll be rich. Any person that was poor and became rich will tell you luck was a huge factor, much bigger than their own drive. The value of "right place, right time" cannot be understated.
Trying to live off the grid and collect amunition! lol Those ar eMY people haha As I sot in a room ontop of a file of water bottles I filled up in Y2K haha
Hahahahhaa nutburgers 😂 left or right 😂😂
I LOVE his Eric Cartman voice 😭🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣👍🏼👍🏼👍🏼👍🏼👍🏼
Hey! My parents WERE cousins! Lol! 5:21
Thank you so much for all the advice