I dont buy clothing for the most part. Every couple years , maybe once or twice a year but other than that i avoid unnecessary spending. Cut out energy drinks, cut out pop, cut out fast food for the most part, stopped eating out all the time. My life is so much better and im finally feeling like i can get out of my moms house soon. I fucked around with my money early in my young adult life and i really regret it and its built a fire in my to come back 100x stronger
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert and that's what helped me during my days of failure before my financial adviser helped me scale through the market ups and down
Sure you can! Gabriel Alberto William is the financial advisor I work with. Just make a research with the name. You’d find necessary details to work with
Thanks for sharing, I just looked him up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly
Dave was right on in this show when he addressed that having a budget gives enormous emotional calm when you know you the money has already been allocated for incoming bills in advance and you can also track your money effectively. Just entering everything and watching how that stacks up with what you have actually spent is a real eye opener for those who have never done it.
I’m thinking about starting my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any tips or suggestions on who l could reach out to for guidance?
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
@nikki4911 - that's because young people borrowing this kind of money for school don't translate that into something concrete such as "Wow, that's the price of a small home in many areas of the country." NO idea among many young people about math.
Caller at 36 minutes has done it backwards. Get a woman, get her pregnant, not be married, don’t have the same goals. I feel bad this guy has no idea how hard his life is about to become
I love Dave! Almost listen daily! And one thing I have noticed is He can be harsher with people when He's on the show with His daughter!!! Either that, or Rachel tries to soften Him, and the others never question Him! Lol
Good call, Dave, on urging people to stay off social media scrolling if you want to save money. If you want to save and/or get out of debt, ask yourself "Is there a less expensive way to do or buy this?" before every purchase. Delayed gratification is often the key.
I get the risk and emotional part of it but it costs credibility when people ignore the opportunity cost of the payoff money. You're freeing up that payment because you need it to rebuild the savings and if the mortgage is less than investment return you're mathematically losing.
This is a long-standing debate. I'm not in favor of always painting the "big banks" as negatively as the Ramsey people do. There are a LOT of people and businesses that would not have been able to be successful without the big banks sometime in their lives. A credit union is not always available in every small town and is also limited in their offerings. If people spend foolishly, that's not the fault of the big banks just like when people drink themselves into oblivion, it's not the fault of those who produce wines and beers for individuals who know how to enjoy them in moderation. But the main reason we paid off our home very early, and have never regretted it, is that it not only removed a huge line item from our budget, but it added immensely to our financial security knowing that if one of us was disabled, the other could pay the rest of the bills on a single salary. We were then able to cash flow everything else like college for our kids and weddings. In my experience, young families spend a TON of money on toys and clothes for kids, elite sports programs (for kids who really have no chance of becoming professional athletes), extra baby and toddler "necessities" that are soon outgrown, fancy birthday parties and other events like "gender reveal" occasions, larger cars, etc. Parents don't really need to rush out and get a large SUV the moment the wife becomes pregnant! Families who choose to live simply when their kids are young can pay off a house much faster - think about what you can cut out when your kids are young and they barely notice and put your money in an appreciating asset!
Hi guys. I LOVE YOUR SHOW!!! I've never written to you before but I want to give YOU GUYS some advice... When people owe tons of money on their CARS, tell them to take the BUS, the STREETCAR and the SUBWAY! It's CHEAP, you can READ on the whole way and you can't get in any accidents because YOU AREN'T BEHIND THE WHEEL!!! That's what I did for decades and I loved it!!! 😅
I always go to sleep with the days show and once I hear “hey what are you still doing here” I think damnit I didn’t fall asleep yet gotta find something to knockout too.
When I moved in with my husband up north in MA, I noticed some BIG differences between that place and where I grew up in NC. One of the things I pointed out to him was all the advertising constantly being shoved in my face. It made me not feel good physically. I wasn't used to it because I grew up in the country. So when I was exposed to it, it was sensory overload, and it made me lightheaded and nauseous. I did notice the overwhelming amount of advertising everywhere. You couldn't turn your head or blink your eye, and there wasn't someone trying to sell you something. It just made me feel bad, so I didn't like it.
I am struck again when listening to some of these calls yesterday just how many BAD decisions are made by very young people that end up affecting their financial lives for years and even decades - choosing a college that is WAY out of line financially for a future career and will burden them with student loans, cars that are too expensive, and all the ancillary items young people think they "need" . There are always less expensive choices! I think young people making these decisions do not realize how much "life" is going to cost (taxes, rent, utilities, food, etc.) and so they blissfully think that if they borrow $100,000 for college they can pay that off by living at home for a couple of years after graduation with the "good job" they plan to get. Lack of mathematical reality seems to be a national plague.
2:00 Carol, if you doubt your financial advisor's advice so much that you call a radio show for their opinion, maybe you need a different financial advisor. And Dave, maybe Ann's financial advisor is "telling" her what to do because that's how she and her husband set up the relationship in the first place. Maybe through the years, they only asked him WHAT to do, and never asked for the advisor to teach them or explain WHY he advised the way he did.
Yes, let's not blame the financial adviser without hearing what he or she has to say. Perhaps the couple asked the adviser for the safest investment early on in their lives when they could have taken the risk for other investments. This is an example of one element that makes me cray about this show - snap judgments without hearing both sides of the story. I realize the hosts only have the info in the call, but deal with that without hanging the other party. So, in this case, Dave could have made his points without saying he would fire the adviser.
You have to remember Dave has debt PTSD. I have a huge mortgage that i could pay off if the math dictated and feel nothing because I've never had an issue. That said the 600k house is a high asset allocation for that couple, they need to get in gear and save alot to maintain it in retirement.
I wouldn’t be recommending beans and rice diet because you lack nutrients and vitamins in the body specifically people with low iron or anemia or having other type of disease this can exacerbate their health issues. Then they will hook you up with a nutritionist who weekly schedule along costs $500 or more and it is a have to meet criteria they don’t care if you can or can’t afford that’s what they are there for .
And they regularly endorse one company that is actually a second-tier provider when the source from which that company gets its information would be even a lower cost if people used it directly.
His teaching is that your wealth is really taking off when you have yoir mortgage paid off. Personnaly, I've seen this logic happening in my surrounding enough to believe it. Many of my friends became very wealthy when they got their net paycheck in their pockets. They now have multi real estates and substantial investments and own side businesses.
When will you move with the times and learn about crypto? You have cost so many people so much money! You shouldn’t say a word about crypto if you don’t understand it.. has your views changed sense it will be apart of the US government financial plan?
I agree with Dave, and disagree with Dave. I think using Credit cards is fine, I got $1600 back from August to December, but I pay back on time and like, immediately. My two Credit cards are my debit cards. I never use my debit card. I don’t carry cash. It’s 2025 for fuck sake. Who carries cash? It’s just budgeting and make sure you use credit card the right way. My credit limit is $34k a month, my utilization ratio is less than 5%. Except for when I spent lots of money on some furnitures when I brought a house.
caller 1 - 00:00
caller 2 - 33:15
caller 3 - 38:15
caller 4 - 44:00
caller 5 - 59:00
caller 6 - 1:05:20
caller 7 - 1:16:00
Oooh, a whopping seven calls in 80 minutes. I wonder how that compares to idle host chitchat or shilling products?😂😂
I noticed the same thing. Too much time spent preaching to the choir
Gods work
Wow only 7 CALLS!! 🤯🤯
The rants were good today, I enjoyed it
I dont buy clothing for the most part. Every couple years , maybe once or twice a year but other than that i avoid unnecessary spending. Cut out energy drinks, cut out pop, cut out fast food for the most part, stopped eating out all the time. My life is so much better and im finally feeling like i can get out of my moms house soon. I fucked around with my money early in my young adult life and i really regret it and its built a fire in my to come back 100x stronger
Keep going you've got this.
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert and that's what helped me during my days of failure before my financial adviser helped me scale through the market ups and down
I guess you are right and how can one find a verifiable financial advisor? I would not mind looking up the professional that helped you
Sure you can! Gabriel Alberto William is the financial advisor I work with. Just make a research with the name. You’d find necessary details to work with
Thanks for sharing, I just looked him up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly
Dave was right on in this show when he addressed that having a budget gives enormous emotional calm when you know you the money has already been allocated for incoming bills in advance and you can also track your money effectively. Just entering everything and watching how that stacks up with what you have actually spent is a real eye opener for those who have never done it.
I’m thinking about starting my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any tips or suggestions on who l could reach out to for guidance?
Getting advice from an expert when building an investment portfolio is a wise choice , as the process can be quite complex
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
The retirement crisis is getting worse and the economy is so messed up to start investing right now.
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Life is easier when the cash keeps popping in, thanks to Elizabeth Regina Nelsen's services. Glad she's getting the recognition she deserves
The young girl casually said 200,000. I screamed to the heavens on my sofa. Crazy
😂 Angie the Babysitter 😅
@nikki4911 - that's because young people borrowing this kind of money for school don't translate that into something concrete such as "Wow, that's the price of a small home in many areas of the country." NO idea among many young people about math.
@ exactly.. I pay a little over 200,00 for my house. She did it for a piece of paper 📝
Caller at 36 minutes has done it backwards. Get a woman, get her pregnant, not be married, don’t have the same goals. I feel bad this guy has no idea how hard his life is about to become
I love Dave! Almost listen daily! And one thing I have noticed is He can be harsher with people when He's on the show with His daughter!!! Either that, or Rachel tries to soften Him, and the others never question Him! Lol
Good call, Dave, on urging people to stay off social media scrolling if you want to save money. If you want to save and/or get out of debt, ask yourself "Is there a less expensive way to do or buy this?" before every purchase. Delayed gratification is often the key.
To droneh2, When your house is paid off, not giving banks more money, frees up your income to make good investments and live freer emotionally.
I get the risk and emotional part of it but it costs credibility when people ignore the opportunity cost of the payoff money. You're freeing up that payment because you need it to rebuild the savings and if the mortgage is less than investment return you're mathematically losing.
This is a long-standing debate. I'm not in favor of always painting the "big banks" as negatively as the Ramsey people do. There are a LOT of people and businesses that would not have been able to be successful without the big banks sometime in their lives. A credit union is not always available in every small town and is also limited in their offerings. If people spend foolishly, that's not the fault of the big banks just like when people drink themselves into oblivion, it's not the fault of those who produce wines and beers for individuals who know how to enjoy them in moderation. But the main reason we paid off our home very early, and have never regretted it, is that it not only removed a huge line item from our budget, but it added immensely to our financial security knowing that if one of us was disabled, the other could pay the rest of the bills on a single salary. We were then able to cash flow everything else like college for our kids and weddings. In my experience, young families spend a TON of money on toys and clothes for kids, elite sports programs (for kids who really have no chance of becoming professional athletes), extra baby and toddler "necessities" that are soon outgrown, fancy birthday parties and other events like "gender reveal" occasions, larger cars, etc. Parents don't really need to rush out and get a large SUV the moment the wife becomes pregnant! Families who choose to live simply when their kids are young can pay off a house much faster - think about what you can cut out when your kids are young and they barely notice and put your money in an appreciating asset!
Good advice you and your daughter give
Hi guys. I LOVE YOUR SHOW!!!
I've never written to you before but I want to give YOU GUYS some advice...
When people owe tons of money on their CARS, tell them to take the BUS, the STREETCAR and the SUBWAY!
It's CHEAP, you can READ on the whole way and you can't get in any accidents because YOU AREN'T BEHIND THE WHEEL!!!
That's what I did for decades and I loved it!!!
😅
That's fabulous advice, but in my area, there are no buses, street cars or subways.🤷🏼♀️ Don't worry, though, I bought my car in cash.
My why is to not be like my coworkers
Wow! Dave has an amazing and powerful financial story.
200k student loan for WHAT!! 🤦♂️🤦♂️
Doctor probably
Edit: I wish I was right
@ that would have been good but she said some “family and marriage counseling”.. sounds like left handed puppetry to me
Tuba degree or doctor
Counseling. 🤦🏼♂️ Lifetime of debt.
Because she wanted what she wanted.
I'd love to vow never to borrow money again, but since I plan on buying a house someday, that vow would be a lie even with manual underwriting.
Save up and buy the house with cash
"I just threw up a little in my mouth and its not even my house."
Dude Dave is hilarious 😂😂😂😂 im dying
A disgusting comment, actually - but sometimes I guess he has to make a point in the strongest terms.
I always go to sleep with the days show and once I hear “hey what are you still doing here” I think damnit I didn’t fall asleep yet gotta find something to knockout too.
When I moved in with my husband up north in MA, I noticed some BIG differences between that place and where I grew up in NC. One of the things I pointed out to him was all the advertising constantly being shoved in my face. It made me not feel good physically. I wasn't used to it because I grew up in the country. So when I was exposed to it, it was sensory overload, and it made me lightheaded and nauseous. I did notice the overwhelming amount of advertising everywhere. You couldn't turn your head or blink your eye, and there wasn't someone trying to sell you something. It just made me feel bad, so I didn't like it.
Coach Steve Money needs to stop being so weird and get some serious help
He gives me good advice
Agreed. He is a trolllllllllll
Dave + Rachel are my favorite combo!
36:50 😂 DAVE ATE😂😂😂😂
I am such a Sharon in my family lol, my husband forces me to spend for myself :))
I am struck again when listening to some of these calls yesterday just how many BAD decisions are made by very young people that end up affecting their financial lives for years and even decades - choosing a college that is WAY out of line financially for a future career and will burden them with student loans, cars that are too expensive, and all the ancillary items young people think they "need" . There are always less expensive choices! I think young people making these decisions do not realize how much "life" is going to cost (taxes, rent, utilities, food, etc.) and so they blissfully think that if they borrow $100,000 for college they can pay that off by living at home for a couple of years after graduation with the "good job" they plan to get. Lack of mathematical reality seems to be a national plague.
Rachel ruins jokes all the time. She was that kid who asked the teacher if they have homework, 💯
2:00 Carol, if you doubt your financial advisor's advice so much that you call a radio show for their opinion, maybe you need a different financial advisor. And Dave, maybe Ann's financial advisor is "telling" her what to do because that's how she and her husband set up the relationship in the first place. Maybe through the years, they only asked him WHAT to do, and never asked for the advisor to teach them or explain WHY he advised the way he did.
Yes, let's not blame the financial adviser without hearing what he or she has to say. Perhaps the couple asked the adviser for the safest investment early on in their lives when they could have taken the risk for other investments. This is an example of one element that makes me cray about this show - snap judgments without hearing both sides of the story. I realize the hosts only have the info in the call, but deal with that without hanging the other party. So, in this case, Dave could have made his points without saying he would fire the adviser.
You have to remember Dave has debt PTSD. I have a huge mortgage that i could pay off if the math dictated and feel nothing because I've never had an issue. That said the 600k house is a high asset allocation for that couple, they need to get in gear and save alot to maintain it in retirement.
Why didn’t they offer Jake and his fiancée financial peace university?
yikes. erica got fleeced on that chevy malibu.
I wouldn’t be recommending beans and rice diet because you lack nutrients and vitamins in the body specifically people with low iron or anemia or having other type of disease this can exacerbate their health issues. Then they will hook you up with a nutritionist who weekly schedule along costs $500 or more and it is a have to meet criteria they don’t care if you can or can’t afford that’s what they are there for .
Mr. Loans!
Most obvious video title EVER
Ramsey bite your tounge you do the same thing by endorsing products such as churchill ect
And they regularly endorse one company that is actually a second-tier provider when the source from which that company gets its information would be even a lower cost if people used it directly.
Dave Ramsey doesn't make money from owning his house he makes money from telling you to own yours.
His teaching is that your wealth is really taking off when you have yoir mortgage paid off. Personnaly, I've seen this logic happening in my surrounding enough to believe it. Many of my friends became very wealthy when they got their net paycheck in their pockets. They now have multi real estates and substantial investments and own side businesses.
@@ItsmeCote I know people worth 20-50 million and they all have mortgages on their homes...
He makes money from his hundreds of rental properties.
@tstanley01 and they clearly have room temp IQ. No reason to hold onto a mortgage. Arbitrage is for dumb people
Keep in mind ,he came up with his principles, baby steps in early 90's, when mortgage interest rates were 9-10%
😮
When will you move with the times and learn about crypto? You have cost so many people so much money! You shouldn’t say a word about crypto if you don’t understand it.. has your views changed sense it will be apart of the US government financial plan?
Yall make money of off of us . How are you guys different????
They also offer so much information for free.
Only if you choose to buy the products - the advice is free.
I agree with Dave, and disagree with Dave. I think using Credit cards is fine, I got $1600 back from August to December, but I pay back on time and like, immediately. My two Credit cards are my debit cards. I never use my debit card. I don’t carry cash. It’s 2025 for fuck sake. Who carries cash? It’s just budgeting and make sure you use credit card the right way.
My credit limit is $34k a month, my utilization ratio is less than 5%. Except for when I spent lots of money on some furnitures when I brought a house.
Ramsey bite your tounge you do the same thing by endorsing products such as churchill ect
AGREE 1000 percent he sells all their stuff too!!!