Im lucky to say the most debt ive had is $217.36 and im listening to Ramsey at 18 years old just graduated high school and have my welding certification from college
I’m proud of you! Go get what you deserve and keep listening to Dave! I didn’t know I was working the baby steps until I found dave about 6 months ago. We have always tried to live on less then what we make, we did staycation way before it was popular and now we are in the final stretch! No debt,house paid, and money in retirement and keep adding every week
@@MarkBray-g6hI forgot staycation was a word haha. To be honest, I like staying home when I don't have work, especially when it's like a 3 day weekend. I finally get to rest from work.
My achievements for last 8 years Paid mine and family debts Built new house for family Spend money for my Two sisters marriage, Bought car Now Debt free and investing journey started, wish me luck 🎊 💗
Man I just got a credit card, because as I saw it helps you when buying a car, a house, etc. At this time I have not spent anything and I'm a little scared of going into too much debt. What do you recommend me?
As someone with almost 100k in credit limit (never paid a single late fee or interest payment in my life) the trick is to just budget and dont overspend. If you do, youll never, ever have late or interest payments and you will make money using them assumjng youre using rewards cards. And if you're using a budget as if you were using cash/debit, then you will not be spending more than you would without one. If you suddenly are making reasons to carry a balance, cut up your cards immediately. Make sure youre always living below your means, try to save at least 20% or so of your post tax income every month. Have an emergency fund that is liquid cash. CCs, LOCs are not emergency funds. @GlaricRelic
Started watching about 10 years ago, massive mortgage, but careful with money more or less. Anyway after these years I’m millionaire. I don’t have a car payment, but have a new car. I don’t have a mortgage in the last 16 months. I put 27% into pension with company on 8%. I have 120k liquid savings and half a million in pension pot. All assets combined 1m. Thanks Dave for being there and allowing me to dip in for inspiration. Continue to watch to stay the course. And editing to add, I’m only getting started. I will give and grow. God bless all.
man I have 20 years now, and dont know too much about finances, what can u recommend me to get there??? im studying a bachelor in computer engineering, so I can have a good job, at least thats what my parents tell me. (currently in my second year)
@@GlaricRelic good advice from your parents as obviously income is the most important source of wealth. Otherwise learn the value of the concept of wealth. It’s about choices, I could buy that or this, but I choose not to. Control and confidence. Don’t be driven by needing things, but by needing to build wealth and choosing should you wish things that complement your own goals. Look at the unfortunate people who spend all they earn and some. Is that you? If not you will be fine. It’s common sense to be honest.
I have 0 balance paying it off as I go and every time I see I have 50 or 100.00 for a gift or item from points, that I need and I don't have to touch savings, that's good too. It's discipline but over the years I honed it so I set up payments as I buy things.
No debts here. A simple life. Financially disciplined. Minimalist lifestyle. From living in an attic to making a chicken last a week, we invested in ourselves. Professional degrees that landed us in good jobs and comfortable lives. We saved for the kids’ education and prepaid their education when they were in sixth and eight grade. They have no student loans today and unburdened by debts. My husband bypassed Yale because we did not have the money and the university did not give him any scholarship. Some regrets but we would have ended up in major debts and the inability to pay for the education of our children. Thanks David for speaking frankly about money. Many of us have to keep up with the Joneses.
I have no debt but I am using Dave’s beans and rice recipe to save extra for retirement. Running with gazelle intensity towards making it happen early. When I am tempted to go out to a restaurant and blow $50 on a meal that a reluctant 22-year old line cook made, I decide that the money will be better spent at a later date…when I want a dinner out in my retirement. 😎
My husband and I made the decision that we’re going to get out of debt. No more beating around the bush, and no more paying extra on this or that without a plan. We have our plan thanks to Dave, and this is the first month of the rest of our lives. Conveniently, our interest rates allow us to use the debt snowball to pay off the lowest balance and the highest interest debt simultaneously, so no worries there. Thank you, Dave!!! We haven’t even started yet, but we have you to thank!! We have hope and a bright future ahead thanks to you!!
@@megantoman2795 Since the beginning of April, we’ve paid off just over $33k in debt!! We got a nice jump start from using some of our savings, but we have just over $63k left. Based on my spreadsheet, we should be debt free by (or before) June 23, 2025!! ☺️
I just discovered The Ramsey Show a few months ago and can only watch it here on UA-cam (I am not American). I payed for my brand new car with my debit card (I bought a Renault Twingo, I don't even think they sell it in the USA, it is a very small car compared to normal US cars, but it gets me from A to B). I have never really had a credit card (I did have MasterCard for 10 years as an extra security when I travelled but I never used it). I just have a debit card. I have never really been in serious debt because I always paid it off as fast as I could (student loans and my mortgage). It only took a few years of hard work and tight budget. Now I have a low paying job but a lot of free time. I save for financial freedom and early retirement. My plan is to be retired by 2030 and enjoy the rest of my life with more to spend than I ever did. I think I will just go on spending like I am used to, I really don't need much to have an enjoyable life
Thanks to Caleb hammer I started looking at finances and found Ramsey during it also. Made finances a bigger important part of my life, been debt free and only keep a low interest loan. Thanks yall.
So glad you made it over here! I’ve made some comments on Caleb’s videos for people to also check out Dave. I feel like Caleb gets people motivated to changeand Uncle Dave teaches you how to do it.
I've accumulated 25k in debt and im going nuts right now. I cant sleep, i dont eat well. Between car payments and cash advances, personal loans i pay 1k a month in capital and interest. I earn about 3k a month. Between groceries, gas and house bills thats another $1800. Another $150 goes to credit cards. So im roughly left with $50. Going absolutely insane here!!
Like Dave, I did a lot of stupid financial stuff in the past but learned from lessons that were reversible. Debt free now and enjoy about $9k monthly in retirement...have not yet taken my social security which is about 18 months away. That will at another $40k annually. Dave is right about not buying stuff on credit that you can't afford.
Dave IS right in this. Yes, I had credit cards that I was paying off religiously and not paying any interest at all - just a card in the shop.... come home and pay it off that night (rather than carry a balance)... And when my plastic card expired, the bank decided it wouldn't replace it - I wonder why?
Dear Dave and family Please please can you do a video on, what to do when You have no debt Have a emergency fund 6 + months and have a budget and being frugal. The Goal being saving 20,000 for a deposit for a house.. I love love you videos especially with George and John. BUT we dont all have debt/loan's and cars. Can U and your amazing team help. 😊
I’m debt free !!! 🎉. I own my home in the country. My own car … it’s in great condition .. I’m retired and live very frugally and simply. And I haven’t had a credit card in over twenty years !!
Dave said it, some live so conservatively that they can use credit cards without spending more. My wife and I have our hands raised. We earned $1.75M over 36 years, we saved and invest our way to a liquid net worth of $2.72M. Our paid for home increases that number. It takes a mental attitude that Dave tries hard to instill.
I always thought about if I just a made a little more it will be okay, all I had to do was control what I had. You can’t make enough to out earn stupidity.
Not sure I would have picked those as choices for his best. He’s way more amazing than those are. Hey whoever put this together…. Really pick the best so I can send it to members of my family I have been waiting for a best of. Like an intro to Dave and the principles video with some riveting calls too!
I do it was 29 dollars, i clicked it up. still used the debit card. LOL funny you mention the grocery store stuff. I deliver groceries for walmart spark for "fun funds" I have heard SOOO many people I deliver to that actually tip decently say that the tip is because I am still saving them tons of money from "broswing shopping".
It finally clicked for me. The problem with CC (even if you use them responsibly) if you create a positive association with consuming (people always joke about “the points). And if you’re celebrating consumerism, you are spending more!
I knew the credit card advice 20 years ago but didn't take it like I should have. Now, I am in CC debt. As for the housing advice, I don't ever plan on buying or building a house. I'll try to adapt it to a boat when they time comes for me to retire.
That’s so impressive that I have been always living by those rules and everybody called me money hamster. But I’m not alone, Dave thinks the same way 😊
I'll save you 38 minutes, adopt a minimalist lifestyle and stop caring about your "social status " and you'll have money at the end of the month...not that freaking hard smh 😒
Exactly. I started minimalist lifestyle 5 years ago and it definitely helped, I would say 80% behavior. Plus I'm reaching 40, so I care less and less about what people think about me.
My boss paid off his card every month, a business card for a small electric company. He got a vacation to Hawaii paid for by points. He did the math and the look on his face was priceless. He spent over 100k on his card and with interest it’s a lot more. They got a 8k vacation paid for. It was great watching him realize what really happened
Paid off everything sold tbe new car 4 months ago. Was pretty much broke but getting rid of that Mercedes and now driving a old minivan thats as good as new car or truck
Cash is money already spent, i.e. not painful to spend at all for me. Plastic on the other hand represents the decrease in my accounts, which is very painful. It’s not the 20th century anymore.
Everything papa Dave said about the grocery store is true, they design the layout that way, you walk past everything to get the essentials , and then they hit you on the way out with the little things like candy, coke drinks , masterminds
You’re making some incredible points here. This is something i was expecting to find in your book. Unfortunately, all i did is read other peoples story.
I paid off my student loan debt and car before I married my husband. I owed $10,000 on the student loan and $12,000 on the car when I started kicking things into high gear on debt. On my husband's car we owe about $9000, and we are working on paying it off. I hope we can knock it out very quickly. Debt freedom has increasingly become his goal, too, as he knows we benefited from my own pursuit of that path and my overtime and extra jobs at that time to get there. Now I work normal hours. I haven't elbowed my husband in Dave's direction. He knows our marriage and daily life benefits from my prior debt freedom and he knows Dave's method was my approach. I think he will put some extra money toward paying off the car. :) After it is paid off, we only have the mortgage to go!
This is the last one? Come on we love Dave Ramsey Greatest Hits! We could possibly get another two or three videos out of it. This series is pretty much biblical for getting your money mindset together you can go back to these videos and learn new things
I make between 150-200k and my wife makes 100-120k. We both use credit cards. We have a joint account and 2 personal/individual accounts. In the joint I add 3k and my wife adds 2.7k a month… all our cards are paid off, we own our car… only debt is 170k left on mortgage… we use our rewards to travel and what have you. It is 100% possible to live like this and have a large surplus going into investment… live cheap and make a fock ton of money and invest all of it after expenses. That’s the way we do it and we are well on the road to become millionaire
I actually agree. I could care less about points of any kind however, I get A LOT of cash back to use my credit card. I'm not a big spender. The cash back i get goes right into a high intrest account. I realize, it's all about placement and access. I stay out of malls and off of Amazon. I use instacart to keep me out of the grocery store. It takes mad discipline to be this way. B4 I buy anything I'm thinking about what ETF I can't buy because I splurged on Amazon 😂😂😂 This ONLY works if you control your spending.
People who keep breaching avalanche over snowball don’t understand human behavior. I tried both and I paid off far more debt much more quickly when I did snowball. Avalanche is a long game of discipline and the reward is in the saved interest but it is not a quick payoff often times. Snowball may lead to a few more dollars extra in debt BUT it’s mentally rewarding to pay off a debt in its entirety in one go. I paid off and closed 4 cards in one month, that felt great. Snowball all the way - it’s effective.
I'm halfway paying off debt. Got another year to go (24 month plan) . Paid off my car last week. I'm feeling REAL good about that! Taking that $400 payment and applying it to remaining debt. As an empty nester I was able to make a huge dent selling stuff off (decor and antiques) that I no longer needed at a local auction house. Check local auction houses in your area you'll be surprised at just how much your unwanted stuff sells for to collectors.
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
Because you can’t overspend and get caught up in high interest credit card debt using a debit card. This is about harm mitigation. More people get in over their heads with credit card debt than they do with transaction fraud.
Many financial institutions now offer debit cards that go through a “dummy account” first . . They are tied to your checking But have another layer of protection in between . . I just found this out at my bank.
Well I was always good with money and just for fun calculated the incentive of credit cards which is usually not much. I use one but I pay it off every month and I don't cellect debt on it but Dave is right using one makes you loose oversight of your expenses thats why its suggested to use cash then you see whats going out of your wallet.
One of the problems is that a credit card is instantaneous gratification while a debit card is a little bit more instantaneous out of sight out of mind as soon as you swipe. But when you're paying back what you owe that is as slow as molasses and very painful because all of a sudden you're on a budget of sorts.
My grandparents mentioned it being one of their best idea to use a credit card for miles. But I understand they are a rare exception because they both are very wealthy and they travel to Europe 2-3 times a year. Never holding a balance. Rare exception. Trying to do this myself would only end poorly for me
I’ve had 5 credit cards for 10 years and never paid interest. People get thrown with what they can spend. You have to act like it’s your money, if you are smart then you will be fine. I have to pay for it someway mine as well gain the 2-5 percent. If you are bad with money then it won’t work
You’re wrong about not remembering what I spent when using my credit card. I can tell you my last 5 credit card charges and my 5 last cash payments. Maybe most people but not everyone, I assure you.
I found him within the last month but it’s just so hard only making 23-25k a year gross with 750 rent I’ve been trying to figure out how to just make more income but it’s so complicated for me I can only get minimum wage jobs but I just don’t have any high value skills
Have you checked with your local labor department? Maybe they know of companies that offer on-the-job training, or ways to expand your education. I can only speak for my own county's labor department (in NY), but it offers many tools to help people get jobs.
I pay for everything via credit card. Tens of thousands per year. I pay my CC bill in full every month and get 1% cash back (hundreds per year). So those who pay interest on their card are subsidizing my cash back - thank you. But I was raised poor, so I only buy what I need, and am very price conscious. Last time I used my card was to buy a pizza at Costco for $10.95 for dinner for the whole fam. Oh, and no car payments, mortgage at 2.75%. But when I was younger, yes I paid cash for everything, so if i didn't have the cash in my wallet, I didn't buy it.
Im lucky to say the most debt ive had is $217.36 and im listening to Ramsey at 18 years old just graduated high school and have my welding certification from college
I’m proud of you! Go get what you deserve and keep listening to Dave! I didn’t know I was working the baby steps until I found dave about 6 months ago. We have always tried to live on less then what we make, we did staycation way before it was popular and now we are in the final stretch! No debt,house paid, and money in retirement and keep adding every week
@@MarkBray-g6hI forgot staycation was a word haha. To be honest, I like staying home when I don't have work, especially when it's like a 3 day weekend. I finally get to rest from work.
lol me 5 years ago. I wasn’t in debt bc no one offered me any yet…
Don't get into debt. I'm 25 and I have thousands in credit cards, personal loans, and an expensive car loan. It's not worth it at all.
Hell yeah brother
Just paid off my debt today, 🙌 hurt a lot but I got it through. Now it's all profit and no more liabilities.
Get that emergency fund done.. and then you’re piling up retirement for the rest of your life.. it piles up fast
My achievements for last 8 years
Paid mine and family debts
Built new house for family
Spend money for my Two sisters marriage,
Bought car
Now Debt free and investing journey started, wish me luck 🎊 💗
Congrats and best of luck
Good luck!!! Happy to hear you are doing well. It's motivational. You are a positive example that we can all do it.
Good luck and, also, give youself breaks and vacations
I get called a dumb ass for not having credit cards people always look for somthing to dig on you but poppa dave always makes me feel better
Man I just got a credit card, because as I saw it helps you when buying a car, a house, etc. At this time I have not spent anything and I'm a little scared of going into too much debt. What do you recommend me?
who cares if you dont have a credit card bet you got thousands in savings and they got none lol
As someone with almost 100k in credit limit (never paid a single late fee or interest payment in my life) the trick is to just budget and dont overspend. If you do, youll never, ever have late or interest payments and you will make money using them assumjng youre using rewards cards. And if you're using a budget as if you were using cash/debit, then you will not be spending more than you would without one.
If you suddenly are making reasons to carry a balance, cut up your cards immediately.
Make sure youre always living below your means, try to save at least 20% or so of your post tax income every month. Have an emergency fund that is liquid cash. CCs, LOCs are not emergency funds. @GlaricRelic
credit cards are so time consuming. We save time by not dealing with them and their manipulation
I guess 😅🤔 we are both dumb ass people and let's stay that way 🎉💪⚓🧑🔧
Started watching about 10 years ago, massive mortgage, but careful with money more or less. Anyway after these years I’m millionaire. I don’t have a car payment, but have a new car. I don’t have a mortgage in the last 16 months. I put 27% into pension with company on 8%. I have 120k liquid savings and half a million in pension pot. All assets combined 1m. Thanks Dave for being there and allowing me to dip in for inspiration. Continue to watch to stay the course. And editing to add, I’m only getting started. I will give and grow. God bless all.
dang brother. GET IT. Hoping to be on your level soon.
man I have 20 years now, and dont know too much about finances, what can u recommend me to get there???
im studying a bachelor in computer engineering, so I can have a good job, at least thats what my parents tell me. (currently in my second year)
@@GlaricRelic good advice from your parents as obviously income is the most important source of wealth. Otherwise learn the value of the concept of wealth. It’s about choices, I could buy that or this, but I choose not to. Control and confidence. Don’t be driven by needing things, but by needing to build wealth and choosing should you wish things that complement your own goals. Look at the unfortunate people who spend all they earn and some. Is that you? If not you will be fine. It’s common sense to be honest.
@@downburst1 thank you so much, ill do my best always to take them out of debts and stay finantially free
God bless you bro you got this @@GlaricRelic
Paid off everything thanks to Dave. Everyone can be debt free😅
Congrats!
I’m 35 and in 56k in debt….. I’m gonna clean myself up and chase positive wealthy and freedoms thank you Dave 😮💨🎤🤬
You can do it!! You're so young, you WILL be wealthy and sooner than you think. Bless you!
Same boat here 39 years old roughly same amount of debt not including mortgage, we can do it
I’m 35 with $53K, let’s grind through this together!
Let's doing y'all!
"If we were doing math we wouldn't have credit card debt to start with" 😂 I listen for gems like these! Thank you Dave!!
Seeing Zero balance on the two credit cards I paid off is an AWESOME feeling. ❤
I have 0 balance paying it off as I go and every time I see I have 50 or 100.00 for a gift or item from points, that I need and I don't have to touch savings, that's good too. It's discipline but over the years I honed it so I set up payments as I buy things.
What i love about all of this is how it takes away the shame of whatever position you are in, ive never felt so free
Out of debt thanks to Dave and hard work!! YOU CAN DO THIS!!!
I'm on step 3 of the 7 step program. I paid my debt and it hurt but I feel a difference in my life from doing so
Dave is doing gods work, thank you for your wisdom!
Half way through paying off my debt and it’s like an addiction! Cannot wait to get there. Listen to this man, he changed my life!
No debts here. A simple life. Financially disciplined. Minimalist lifestyle.
From living in an attic to making a chicken last a week, we invested in ourselves. Professional degrees that landed us in good jobs and comfortable lives.
We saved for the kids’ education and prepaid their education when they were in sixth and eight grade. They have no student loans today and unburdened by debts.
My husband bypassed Yale because we did not have the money and the university did not give him any scholarship. Some regrets but we would have ended up in major debts and the inability to pay for the education of our children.
Thanks David for speaking frankly about money. Many of us have to keep up with the Joneses.
Which college savings fund did you use?
Dave Ramsey for president ??❤
Absolutely 👍
I have no debt but I am using Dave’s beans and rice recipe to save extra for retirement. Running with gazelle intensity towards making it happen early. When I am tempted to go out to a restaurant and blow $50 on a meal that a reluctant 22-year old line cook made, I decide that the money will be better spent at a later date…when I want a dinner out in my retirement. 😎
My husband and I made the decision that we’re going to get out of debt. No more beating around the bush, and no more paying extra on this or that without a plan. We have our plan thanks to Dave, and this is the first month of the rest of our lives. Conveniently, our interest rates allow us to use the debt snowball to pay off the lowest balance and the highest interest debt simultaneously, so no worries there. Thank you, Dave!!! We haven’t even started yet, but we have you to thank!! We have hope and a bright future ahead thanks to you!!
How is it going??
@@megantoman2795 Since the beginning of April, we’ve paid off just over $33k in debt!! We got a nice jump start from using some of our savings, but we have just over $63k left. Based on my spreadsheet, we should be debt free by (or before) June 23, 2025!! ☺️
Paid off 20k in debt and have been saving my emergency fund because of this show! At about 4 months in that account
"Put the dog on Ebay" 😂 noooooo! My dog is priceless! Haha
Good luck to everyone on their journey. I promise it gets better. KEEP GOING!!!
I just discovered The Ramsey Show a few months ago and can only watch it here on UA-cam (I am not American).
I payed for my brand new car with my debit card (I bought a Renault Twingo, I don't even think they sell it in the USA, it is a very small car compared to normal US cars, but it gets me from A to B).
I have never really had a credit card (I did have MasterCard for 10 years as an extra security when I travelled but I never used it). I just have a debit card. I have never really been in serious debt because I always paid it off as fast as I could (student loans and my mortgage). It only took a few years of hard work and tight budget.
Now I have a low paying job but a lot of free time. I save for financial freedom and early retirement. My plan is to be retired by 2030 and enjoy the rest of my life with more to spend than I ever did. I think I will just go on spending like I am used to, I really don't need much to have an enjoyable life
Thanks to Caleb hammer I started looking at finances and found Ramsey during it also. Made finances a bigger important part of my life, been debt free and only keep a low interest loan. Thanks yall.
So glad you made it over here! I’ve made some comments on Caleb’s videos for people to also check out Dave. I feel like Caleb gets people motivated to changeand Uncle Dave teaches you how to do it.
I've accumulated 25k in debt and im going nuts right now. I cant sleep, i dont eat well. Between car payments and cash advances, personal loans i pay 1k a month in capital and interest. I earn about 3k a month. Between groceries, gas and house bills thats another $1800. Another $150 goes to credit cards. So im roughly left with $50. Going absolutely insane here!!
The problem isn't just credit cards, it's also automatic payments, where again you don't feel the "pain" of paying the bill.
I’m a FAN of these rants
Yaaazzzzz 👍
Like Dave, I did a lot of stupid financial stuff in the past but learned from lessons that were reversible. Debt free now and enjoy about $9k monthly in retirement...have not yet taken my social security which is about 18 months away. That will at another $40k annually. Dave is right about not buying stuff on credit that you can't afford.
“Scorched earth life style. Sell so much stuff that the kids think they are next.” 11:00
Dave IS right in this. Yes, I had credit cards that I was paying off religiously and not paying any interest at all - just a card in the shop.... come home and pay it off that night (rather than carry a balance)... And when my plastic card expired, the bank decided it wouldn't replace it - I wonder why?
Dear Dave and family
Please please can you do a video on, what to do when
You have no debt
Have a emergency fund 6 + months and have a budget and being frugal.
The Goal being saving 20,000 for a deposit for a house..
I love love you videos especially with George and John. BUT we dont all have debt/loan's and cars.
Can U and your amazing team help. 😊
Thank you Dave. My wife and I are on the gazelle intensity. Baby step 2
Love and appreciate you all.
Love listening to Dave the word "Stupid " 😵💫 gets under my skin . I am learning from others' mistakes.
These are the Ramsey moments that I value the most!!
I’m debt free !!! 🎉. I own my home in the country. My own car … it’s in great condition .. I’m retired and live very frugally and simply. And I haven’t had a credit card in over twenty years !!
Thank you sir! I love your show.
I am on baby steps 2 now.
My cat on craigslist 😂....
Should I tell my wife? We have two cats.
Hi I been learning lot for u I’m sitting better with money by watching u all
Really trying hard to clean up my 16k worth of debt.
Keep going.
You got this! I’m in the same boat -we will get to that financial peace ☮️
You can do it!
how many debts? 16k should be cleared in 16months with minimal effort. with a snowball even faster.
You got this! I've been credit card free for 2 years and it feels awesome!
Dave said it, some live so conservatively that they can use credit cards without spending more. My wife and I have our hands raised. We earned $1.75M over 36 years, we saved and invest our way to a liquid net worth of $2.72M. Our paid for home increases that number. It takes a mental attitude that Dave tries hard to instill.
I always thought about if I just a made a little more it will be okay, all I had to do was control what I had.
You can’t make enough to out earn stupidity.
Not sure I would have picked those as choices for his best. He’s way more amazing than those are. Hey whoever put this together…. Really pick the best so I can send it to members of my family I have been waiting for a best of. Like an intro to Dave and the principles video with some riveting calls too!
I did it 'ish' and still made it. Did a few rollercoaster loops through stupid tax land, but still made it. Don't tell Dave.
😂
Thanks Dave and thanks for sharing your knowledge
Thanks only need to be said once in this sentence, not twice.
I do it was 29 dollars, i clicked it up. still used the debit card. LOL funny you mention the grocery store stuff. I deliver groceries for walmart spark for "fun funds" I have heard SOOO many people I deliver to that actually tip decently say that the tip is because I am still saving them tons of money from "broswing shopping".
It finally clicked for me. The problem with CC (even if you use them responsibly) if you create a positive association with consuming (people always joke about “the points). And if you’re celebrating consumerism, you are spending more!
Thank u for these lessons they are a blessing
Result of Listening to these videos today, I am no longer buying a new car. Buying a new car Doesn't make sense anymore.
Yep just buy one thats 5+ years old after some idiot lost most of the value, but got to flex his new car. 😂
10k in debt. Was working 3 jobs now I'm all in on one job that will pay more. Just trying to get to that first step
You got this!!
I knew the credit card advice 20 years ago but didn't take it like I should have. Now, I am in CC debt. As for the housing advice, I don't ever plan on buying or building a house. I'll try to adapt it to a boat when they time comes for me to retire.
Great advice if you have income sufficient to pay bills annnd debt
Which most don't including me 😢
That’s so impressive that I have been always living by those rules and everybody called me money hamster. But I’m not alone, Dave thinks the same way 😊
I don't enjoy the process, I want it done 😂
“Some of you got drunk and wake up married” 😅
11:10 "name the dog ebay and put him there"
I LOLed at that too
Things sold more than credit cards:
- Religion
- Food
- Banking
To be fair, I’d put it around 4th after that.
Great timeless advice
Oh Fo sho
I'll save you 38 minutes, adopt a minimalist lifestyle and stop caring about your "social status " and you'll have money at the end of the month...not that freaking hard smh 😒
I'd beg to differ based on observation!!
You are correct. Live within your means.
Exactly. I started minimalist lifestyle 5 years ago and it definitely helped, I would say 80% behavior. Plus I'm reaching 40, so I care less and less about what people think about me.
Get out of debt people!!! It's worth it!
Thanks to Bitcoin paid off my debts, made life changing money, no more credit cards and almost paid off the house.
Now steadily investing / DCA’ing🌱
My boss paid off his card every month, a business card for a small electric company. He got a vacation to Hawaii paid for by points. He did the math and the look on his face was priceless. He spent over 100k on his card and with interest it’s a lot more. They got a 8k vacation paid for. It was great watching him realize what really happened
Paid off everything sold tbe new car 4 months ago. Was pretty much broke but getting rid of that Mercedes and now driving a old minivan thats as good as new car or truck
Cash is money already spent, i.e. not painful to spend at all for me. Plastic on the other hand represents the decrease in my accounts, which is very painful. It’s not the 20th century anymore.
Fail.
Dave knows everything his is the only way lol
Everything papa Dave said about the grocery store is true, they design the layout that way, you walk past everything to get the essentials , and then they hit you on the way out with the little things like candy, coke drinks , masterminds
You’re making some incredible points here. This is something i was expecting to find in your book. Unfortunately, all i did is read other peoples story.
I paid off my student loan debt and car before I married my husband. I owed $10,000 on the student loan and $12,000 on the car when I started kicking things into high gear on debt. On my husband's car we owe about $9000, and we are working on paying it off. I hope we can knock it out very quickly. Debt freedom has increasingly become his goal, too, as he knows we benefited from my own pursuit of that path and my overtime and extra jobs at that time to get there. Now I work normal hours. I haven't elbowed my husband in Dave's direction. He knows our marriage and daily life benefits from my prior debt freedom and he knows Dave's method was my approach. I think he will put some extra money toward paying off the car. :) After it is paid off, we only have the mortgage to go!
I look at my credit card statement everyday to instill myself with fear. Fear is a great motivator lol
Credit and now, medications are vying for the top commercially pushed products!
USA USA!
This is the last one? Come on we love Dave Ramsey Greatest Hits! We could possibly get another two or three videos out of it. This series is pretty much biblical for getting your money mindset together you can go back to these videos and learn new things
If we put all of our expenses on an Amex and pay it off every single month and get loads of rewards, where is the downside?
You spend more when you use CCs plus you support a predatory company
I been out of debt practically my whole life. 2023 I was almost 30k in debt. Got out in 1 year.
Housing?
@@BenState no. Car payments and a trip to Cancun
@@Patsworldbaby So you're homeless
@@BenState I live in my semi truck. But on paper yes I’m homeless.
How should I start investing in mutual funds? I have very little knowledge but want to star working on my future.
I make between 150-200k and my wife makes 100-120k. We both use credit cards. We have a joint account and 2 personal/individual accounts. In the joint I add 3k and my wife adds 2.7k a month… all our cards are paid off, we own our car… only debt is 170k left on mortgage… we use our rewards to travel and what have you. It is 100% possible to live like this and have a large surplus going into investment… live cheap and make a fock ton of money and invest all of it after expenses. That’s the way we do it and we are well on the road to become millionaire
Let’s GO Visa! Use it responsibly and you’ll be fine.
Lol ... do you get / understand Dave's program?
@@GAFB1122 Apparently not..😂. They think they're smarter
I actually agree. I could care less about points of any kind however, I get A LOT of cash back to use my credit card. I'm not a big spender. The cash back i get goes right into a high intrest account. I realize, it's all about placement and access. I stay out of malls and off of Amazon. I use instacart to keep me out of the grocery store. It takes mad discipline to be this way. B4 I buy anything I'm thinking about what ETF I can't buy because I splurged on Amazon 😂😂😂
This ONLY works if you control your spending.
I earn a lot on cash back and they earn ZERO interest from me 😂😂😂… I’m happy with this relationship 😂
@@LookingupinJA Fees, charges, risk calculated?
I always notice restaurant cost. I order larger entrees to have leftovers. Good way to save money!
Some good reasons to invest in Visa and Mastercard the toll takers of the credit card industry
Love the concepts; dislike the constant angry tone! Sincerely, a debt-free senior
The borrower is slave to the lender. Behavior matters most, pay off debt, get rid of those traps.
People who keep breaching avalanche over snowball don’t understand human behavior. I tried both and I paid off far more debt much more quickly when I did snowball. Avalanche is a long game of discipline and the reward is in the saved interest but it is not a quick payoff often times.
Snowball may lead to a few more dollars extra in debt BUT it’s mentally rewarding to pay off a debt in its entirety in one go. I paid off and closed 4 cards in one month, that felt great.
Snowball all the way - it’s effective.
I'm halfway paying off debt. Got another year to go (24 month plan) . Paid off my car last week. I'm feeling REAL good about that! Taking that $400 payment and applying it to remaining debt. As an empty nester I was able to make a huge dent selling stuff off (decor and antiques) that I no longer needed at a local auction house. Check local auction houses in your area you'll be surprised at just how much your unwanted stuff sells for to collectors.
Keep it up bro 💪🏾
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. 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
Is a buyer agent just an agent working to help me buy a place?
Dave, do you have staff/connections in Florida (I'm in Delray Beach).
Why use a debit card that gives instant access to your account when you get greater protection from a CC?
Because you can’t overspend and get caught up in high interest credit card debt using a debit card.
This is about harm mitigation. More people get in over their heads with credit card debt than they do with transaction fraud.
You missed the whole use cash bit didn’t you.
Its hardly greater protection i've been disputing a charge for like 3 months and its still not over
Many financial institutions now offer debit cards that go through a “dummy account” first . . They are tied to your checking But have another layer of protection in between . . I just found this out at my bank.
I am trying to use a debit card but I use the debit card control switch on the app to turn the card off when I’m not grocery shopping! 2:48
Well I was always good with money and just for fun calculated the incentive of credit cards which is usually not much. I use one but I pay it off every month and I don't cellect debt on it but Dave is right using one makes you loose oversight of your expenses thats why its suggested to use cash then you see whats going out of your wallet.
One of the problems is that a credit card is instantaneous gratification while a debit card is a little bit more instantaneous out of sight out of mind as soon as you swipe. But when you're paying back what you owe that is as slow as molasses and very painful because all of a sudden you're on a budget of sorts.
All the rich people I know are shockingly tight.
I use my credit card for essentials like utilities and insurance earning 2.5 percent rewards. I payoff the whole balance each month.
My grandparents mentioned it being one of their best idea to use a credit card for miles. But I understand they are a rare exception because they both are very wealthy and they travel to Europe 2-3 times a year. Never holding a balance. Rare exception. Trying to do this myself would only end poorly for me
What if they get behind on schedule with no changes on your side? Do you get discounts?
"we're gettin' outta dat"
I’ve had 5 credit cards for 10 years and never paid interest. People get thrown with what they can spend. You have to act like it’s your money, if you are smart then you will be fine. I have to pay for it someway mine as well gain the 2-5 percent. If you are bad with money then it won’t work
You’re wrong about not remembering what I spent when using my credit card. I can tell you my last 5 credit card charges and my 5 last cash payments.
Maybe most people but not everyone, I assure you.
I just got a second job to throw at my debt ❤
What episode is the first Dave rant speech? I was looking for it for a while and here it is!
Dios. Lo. Bendiga. Por. Favor. Un. Número. De. Teléfono. Que. Me. Pueda. Comunicar. En. Espanol. Muchas. Gracias
I found him within the last month but it’s just so hard only making 23-25k a year gross with 750 rent I’ve been trying to figure out how to just make more income but it’s so complicated for me I can only get minimum wage jobs but I just don’t have any high value skills
Have you checked with your local labor department? Maybe they know of companies that offer on-the-job training, or ways to expand your education.
I can only speak for my own county's labor department (in NY), but it offers many tools to help people get jobs.
Dave isn't 100% wrong. I grew up with cash so even with a credit card I do count my pennies. But I give my grandkids cash rather than gift cards.
I pay for everything via credit card. Tens of thousands per year. I pay my CC bill in full every month and get 1% cash back (hundreds per year). So those who pay interest on their card are subsidizing my cash back - thank you. But I was raised poor, so I only buy what I need, and am very price conscious. Last time I used my card was to buy a pizza at Costco for $10.95 for dinner for the whole fam. Oh, and no car payments, mortgage at 2.75%. But when I was younger, yes I paid cash for everything, so if i didn't have the cash in my wallet, I didn't buy it.
So much heart clogging cheese.
Except for pharmaceuticals marketing which tops credit card marketing $$.
Is it a good idea to borrow from 401k to pay high interest credit card debt?