I grew up mostly in McDowell County, West Virginia. Both of my parents were (and still are) on welfare, receiving food stamps, disability checks, clothing vouchers, medicare, etc. I attribute their financial situation to sheer laziness. My dad was an electrical engineer for a coal mines but was in a motorcycle wreck when I was two (I'm 32 now). He found out that he could get disability for that and has been living off the government ever since. Same story with my mom and unfortunately, that pattern has repeated itself in my sister, who's almost 31 and living off the government when she's not in jail for drugs. I, however, decided when I was kid that I didn't want that life. I left home when I turned 18 and by the time I was 28, I had served 6yrs in the US Army and was earning a six-figure income as a software engineer. Situation and circumstances don't determine your future, your choices do. The whole "product of your environment" mindset is complete malarkey. So, if I were to comment as to why I think people are poor, I would attribute it to their choices. Circumstances are temporary. Adversity is a challenge. The only thing permanent is death. Trust in God, make good choices, and WORK for what you want.
The Dave Ramsey Show Thank you soooo much Dave gor saving my life!!! it's finally hit home for me about cars and their real value. Would really love to meet you in person one day soon....to thank you in person. God bless and keep up the good work!! I love you brother!! Thanks again!!
Thank you for clearing it up, It's very much "why" and "what it does" education rather than "how". You hear all day from other poor people telling you how to be rich, and if they knew why wouldn't they do it? So the "how" doesn't matter, everybody knows how but why listen to anybody? They all say the same stuff and some are rich and some are poor! I don't know, that was my problem anyway. Once I got a good "why", then I could approach the "how" with a whole new perspective, and that's what changed my life.
Today I paid off my wife's car. All cards and loans paid off in about 9 months I'm totally debt free except for the house. The wife tried talking me out of it because of the pandemic. I told her that this is the very reason I've been working 12 hours a day 7 days a week since this thing has started. Don't let anything stop you when you're on a journey.
I always remind myself to not buying the unnecessary thing. I cook at home and I don't splurge on entertainment. I am now spending my time reading books and articles to gain better knowledge. have fun at home by drawing and painting. This helps me to save more money
I am a black christian woman that grew up poor. I am in control of my finances. Most African American people that I tried to talk to about finances will not listen. In order to get somewhere you have never been you're going to have to do things you have never done. You cannot talk to a brick wall
Exactly and the same is true of white folk too. Most people think I'm some kid of whack job when I talk about personal finance. But once in a while I get a bite and those are the ones I can help. I have had about 10 people who have got on board with turning their lives around over the last few years.
Maybe then people would stop blaming the rich for their lack of financial success. It's easier to blame someone else than to take personal responsibility.
I want to chime in. I've followed Dave for 6 years now, got out of debt, have the emergency fund, invest in my 401 (k) and so forth. My mom was a single mother and there are 4 of us. We didn't grow up super poor, but we did not have a lot of money either. I was raised to work hard, but handling money was a foreign language to me! My mom does not have money and she is now 60. She doesn't play the victim card but money is now an issue because she never saved. She gets by and I help when I can (she very seldom asks that's why I don't mind helping).. So when Dave tells US to save, and to invest, and to do a budget so when we turn 60 WE are not broke, I totally understand what he is teaching... Love you Dave you are a life saver sir
So the only reason she doesnt have any money now is because she never saved? So your saying if your mom ask you for help all the time you wouldnt help her?
he already said that his mom didn't make a lot of money. In my case, my mom has only made $15,000 to $22,000 a year her working life. And I do help my mom. It's what kept driving me to get a master's degree. Hopefully, when my sister's finish, they can help her too.
Exoticbeauty015 it’s not in my budget to help all the time! I make 50k a year & while it’s not bad to live on in South Carolina, I still have rent, utilities, & living expenses. When Dave teaches & talks on saving money, he’s right! When he teaches on saving for retirement he is especially right. All that being said my mom RARELY asks for money. I fill her tank up & help with food from time to time. Take her to breakfast & slip a bill into her purse once in awhile. I would never let my mom starve. But at the same time she also regrets not saving for retirement! She told me this a couple weeks ago actually.
I'm from jamaica where I use to be a security guard working at least 60 hours every week I was always broke when I was living in my families house where I only paid utilities and buy food, after I moved into my own apartment my mindset and my habits changed and even tho I had a huge rent I was never broke again. Choices and the people you're around will ensure failure if you let it. Living in America now for 5 years and I'm amazed at the growth I've been able to have is nothing short of amazing. I'm thankful for my struggles because they got me to where I am now. If only I found Dave Ramsey sooner!
I'm Jamaican too and I'm so broke all the time, eversince I started working I've paid all my families bills, groceries, jps etc. and couldn't save a cent. I wish someone had told me to be selfish and look after myself first.
@@regularity2556 nice sarcasm! I'm far from selfish I just stop making stupid choices u know like going to every party and blowing money (shell the bar) or buying clothes and shoes every month in a never ending quest to compete and keep up. I have an obligation to ensure a brighter future for my children u know create some kind of generational wealth. Crazy concept right?
I am, at least I believe that i am, an intelligent black woman. I have been listening to Dave Ramsey for about a year now and in one year of listening to him, i have accumulated so much knowledge concerning my finances. I am on my way to financial freedom. Thanks Dave. Keep up the great work!!!!!!
As a 15 year old atheist, I completely respect Dave Ramsey. I love watching him help people, have learned a lot from the show. So thanks Dave, for giving solid advice to anyone who needs it.
Way to go! Doesn't it feel great!?! Isn't it also like waking up from the Matrix when his material finally clicks for the first time? Suddenly we look at banks, ads, taxes, and the endless jealousy found in "popular culture" in a *completely* different way.
As a black man trying to talk to the people I grew up with about finances, the quote "its easier to get out of the hood than it is to get the hood out of you" is nothing short of FACTS. You talk about financial literacy and how impressing people is holding you back and they don't want to hear it. Truth is, here in Detroit we didn't have schools to give us a great education, just an OK one. Luckily thru the teachings of Dave, Boyce Watkins, and other financial icons I've been on the right track to rebuilding and my emergency fund literally saved me when I hit a big crisis. Also, to hear a guy like Dave admit to the oppression and racism that holds certain people down is a breath of fresh air, considering I'm a big fan of his (although I still would be a fan if he didn't, I'd just be more cautious about certain things). This tells me that he actually studies data and truly understands numbers and how the world works. This is not me saying blame the white man for every bad thing that happens in our lives because, in reality, most of us could fix our situations if we take our "club and jordan money" and save it.
Preach brother, I'm in the hood to watching it get gentrified everyday. I'm on baby step 5 and funding two kids college... My friends I've grown up with won't listen....they rather buy jordans and go clubbin...wish I could help them
+moneyrip1 my brother that is so real. This lifestyle is like a disease plaguing our community man. We've all been there before, but at some point, we have to wake up and make the changes for our families and the next generation!
I'm on SSI and even though I can't always give money to the poor, I have gone to Food Pantries to help out as well as to receive food, it's one of the ways I can help others.
some people have cash paid cars from auction. fix their own cars. barely buy clothes and dont waste any money with no traveling what so ever and still paycheck to paycheck lol
Dave I was raised in extreme poverty. I knew the only way out was education. I was able to pull myself out as an adult. Always had goals and plans. Poverty mindset is real. I always believed I could do better and I did. If a child is raised in a home with mismanagement of money they believe it is correct. You have a great program. Thank you!
@@donaldlyons17 well that is the point. If you don't manage your money then it gets fritters away. I advocate training and education for every young person to be able to "make it" otherwise minimum wage is not a livable wage.
@@vixxcottage Your concerns are good but their wage will matter more than their behavior..... Housing and other super expensive stuff means income matters more over time than behavior. I know this because I lived with people making multiple times less than I was and guess who always had money? Well safe to say it was almost NEVER THEM. So based on that experience managing money does not make up for making more money.
@@donaldlyons17make more, AND more importantly....STOP SPENDING!!!!!!!!! Just like in the comment above. Set goals and do whatever it takes to achieve those goals. HInt...its NOT always making more...its STOP SPENDING. Its not what you make...its what you spend/owe. If you make a little more(extra side job) and cut back on spending ALOT....THIS is where it happens.
@@peartfaldo Ideas again are not reality. Making more has better prospects but to make more often requires extras stuff. It is what people make that makes the difference. I know because when I was making different incomes I got to see $600, $1,200, $1,600 and now 3,000 each month have very different buying powers!!!! At a certain point stop spending is impossible because access to goods and services cost regardless of the amount of money made!
It's a lack of financial education. Kids aren't poor. Their PARENTS are poor. We don't teach personal financial management in schools, so kids become adults with no idea of how to manage their money, the importance of paying bills on time, etc.
in wealthy towns i.e. (mattapoisett massachusetts ) financial education is taught to children as young as 4th and 5th grade, they are taught how to invest, and these are public not a private school
The most important financial education comes from watching your parents. I grew up with parents who financially planed everything and did without. My husband grew up with parents who just spent whether they had it or not and didn't try to get ahead. We are both just like our parents, and boy does it cause frustration because we are never on the same page.
I just want to add on to what you said because it's not only true, but it's half the story. Yes, it's true that poor kids are not being educated on how to properly manage money. But what education are they getting? They're being taught they need to get a credit card, build credit, build FICO, and use that to buy a car or house. So, they're actively being taught that you need to go into debt because "That's just how it works" which is not a good reason to teach them that. We need to teach kids that wealth/cash is more powerful than having a FICO.
My parents were very angry with me for suggesting Dave Ramsey. They knew what was best for the family and no one could possibly understand. They were always broke and the marriage fell apart.
@@Kim2887 True, but in our case our parents taught my husband and I what not to do. Both sets of parents were poor, but their biggest problem was spending the money they did have irresponsibly and didn't plan. We both decided we didn't want to struggle like they have and end up not being able to retire.
I got a raise during the pandemic. Telecom equipment company, saw a sizeable sales increase and lower Canadian dollar means same sales can cover bigger paycheques. Never had to stay home, but I stopped using public transit and my gas costs increased (I drive a 2009 Civic with no lien). Also didn't catch it despite living in a hotspot (got lucky)
I realized that my high priority bills can still be paid without my side job as a waitress. I was just spending more money because I had more. When I was able to work again and even though it was just once a week due to limited opening hours, I was able to set my paycheck money including the tips aside. I also sold a lot of stuff because like „you can get out of the hood but getting the hood out of you“-motto, I came from a hoarder household and realized in lockdown that I’m still not out of that mentality of my familiy. So I tossed and sold a lot and in short: the mentality that you grew up around does not have to define you when you grow up 🤷🏼♀️
You must first have the awakening that you can live better before you decide to have more out of life; some people just become complacent in poverty-luck of mentors and myopia
mini INCKY keep up the good work! Follow Dave's baby steps consistently and start investing as soon as you can!! You will be incredibly wealthy and prosperous, which will put you in an awesome position to be wonderfully generous. Time is your friend right now, starting now is key, don't wait till you digging yourself out of debt at 45 to start. Listen to the voice of regret as Dave says! Lol. Best wishes!!
This is so true! I'm from Puerto Rico and in my country most people only based on appearance, buying stuff they cannot afford to impress people who don't care
Warren Buffet spends an amount of money on his breakfast every day that correlates to how much he either gained or lost the previous day in the stock market. Further, he drives the same average late model Cadillac that he's had for several years. He is one of the wealthiest people on the planet, yet he lives like an average Joe.
Agree with you...I know the struggle...I experienced, I understand...and though I am not financially rich.I am at a point where I am managing by being frugal and cautious and responsible..and slowly reaping. Though not yet fully financially free...I have acknowledged my past irresponsibility and mistakes..and continue to move forward! I am blessed! praise My Lord Jesus!
I am a Muslim African refugee female living in the US and I believe in everything Dave says. My husband and I are debt free except for our home and our home will be paid off in 6 months. We have 4 kids and we plan to travel as much as possible and save, we are grateful for him and his believes. Thank you Dave, you've changed our family tree.
Also why you see women who recieve millions in child support after having a child with a wealthy man. They spend all of it on hair, makeup, cars... Then tell their kid that their father was a deadbeat dad. SMH
Someone once said you could take everyone's money and spread it evenly among everyone and within 5 years, those who were rich would be rich again and those who are poor will be poor again.
A little sleep, a little slumber, a little folding of the arms to rest, and poverty will come upon you like a thief and scarcity like an armed man. Prov 24:34
This doesn't seem to have anything to do at all with what he say this video. (Just like most Bible quotes are convoluted to fit the meeting the user wants it to.)
In other words if you keep showing up late to your nice paying job because you like to sleep you will lose your income when you lose your job. Dont ask me how I know haha
I am one of 5 children raised by a single mother. My dad was a total failure. We were very very poor growing up. I decided from an early age not to have a big family. I did not want to end up like my mother. I got educated in accounting, worked for many years in the field. I own my own firm now and proud to say, My husband and I are out of debt. I decided three years ago, I would follow Dave's advice and pay off my mortgage and save up to buy us a few investment properties. We are good!
Inspirational! I’m currently 22 & I too am pursuing a career in accounting/finance. Sometimes I feel like it’s too late for me to save up & have my own properties in the future tho but at the same time, it’s kinda like better now than later
For myself, being poor was due to my belief that money was only something someone else gave to me. By that I mean a job. I was always searching for the 'better job' that would pay me $1-$2 more. But with no education, you're expendable. When I learned that money was something you could attract to yourself by becoming valuable or learning a marketable skill(as Dave says) that's when things changed for me.
Black Excellence Production:Well said!Many people are to busy blaming somebody/something for their station in life,rather than looking in the mirror!America was founded on individuals right to seek their own version of a happy successful life.Everybody does not need extreme wealth.If one does not handle the tool called money,They will not get the things they WANT!You only need food,water,and shelter to survive.Want and need are used interchangeably all to often!Thank you.Spread your message to the youth!
Lol I adore Dave Ramsey he has kept me from making a lot of major mistakes in my life and he's going to prevent me from making major ones in the future
I am muslim and have been listening to Dave for more than 3 years now, I was drawn to him because of his views on interest which align with my religious beliefs. It's ashame how divided the nation has become, we need to focus on being the best versions of ourselves thank you DAVE for being a prime example! There is a prophetic saying ,"the best of you, are the ones that bring about the most benefit to (the most) people" you are one of these people Dave keep doing the great work!
No. Self. Restraint. I am a bakery manager. The people who ask if their EBT card will buy their birthday cake go ALL out, maybe 20 guests- orders enough to feed 100. Gets multiple fillings, toppings, upgrades.. a $140 cake, no problem, gonna swipe that EBT! You dont see people on their own money making choices like that.
They want their one year old to enjoy a birthday party he or she wont remember. This ends up being a family reunion of future diabetics, what no other food but cake? I see your point and will apply this to people who work and will do the same at least once in their life but will stop this once a kid becomes a teenager. It's still wasteful and will cut into having better finances. Misspent money is lack of saving. No savings then you're more poor.
I have slashed my spending and have more money than ever and stopped worrying about money. I just don't buy things and the desire to buy has left me. I make due with what I have or do without and am happier than ever.
Thank you, Dave. You got me out of debt and changed my mindset. I've saved the most money ever in my whole lifetime. My mindset has totally shifted. God bless you.
So true, I've noticed in my recovery that control of my money and spending habits was actually the factor that seemed to be tied to a lot of other areas. So yes I agree 100%
Dave, I'm an atheist and do believe being poor is because of lack of trying. As for atheist being smarter, their are a lot of dumb atheist out there that can't do math, won't read history, and can't stand your show because it is Christ centered. Yes Dave, even in the atheist community you do have people who listen to you and want you to keep up the good work.
I am one of them. I do think it silly that he says things like he is managing money for god, but other than that I like the advice he gives. I got myself out of debt a few times and it was always by sacrificing or earning extra income somehow. I learned the hard way.
I am very much atheist and listen daily to him. He teaches common sense. I don't need to believe in the same God just to agree that I need to get out of debt. Just glad there is social media so that I did find him.
Thank you for calling that out about Haiti Dave. I'll never understand how all the money that is raised when natural disasters occurs just "disappears" and no one says A WORD. Those people were robbed of everything that was given to them by caring people across the world. Whomever took the money needs to be prosecuted.
IM A BLACK AFRICAN FEMALE (from Ghana) AND I LOVE DAVE RAMSEY- i followed his instructions and in 2 yrs my credit score is 750 and i have only $4000 debt left to go. He is strictly no nonsense, and tells it like it is like my late african dad. I love Dave Ramsey.
And the vast majority who think it is not circumstantial, will also never move forward in life. The low rates of economical and social mobility -- worse in the US than in other industrialized countries -- indicates that it is overwhelmingly circumstantial (especially in the US).
@@otsoko66 What are you smoking? The US has some of the highest rates of income mobility of all 1st world Nations, beaten only by nations with fewer regulations on the market.
Or those that keep blaming their parents for their failures. It is one thing to blame your parents when you are 18 but still blaming them when you are 50 because you are a failure means you are the problem.
@@anthonypresley1980 No, being poor costs society money in welfare and food stamps and in some cases crime . If everyone was self sufficient and paid into society as taxes, would save governments, charity and people's good will a fortune. There is no advantage to keeping people poor.
ifabbott yes in fact there is. Without the poor, there wouldn’t be the rich and elite. Thankfully even Alexis de Tocqueville knew that in order to be a successful country, you have to take care of the poor. This is why Ayn Rand was completely wrong (as she ran to her mailbox for her social security check). There will always be poor people. That’s just fact.
Black female here who happens to be agnostic, registered independent, college graduate and DOESN'T live in poverty. I did make a lot of stupid financial decisions in the past that I've learned from though! Manageable debt who is a fan of this show!!
If you surround yourself with poor/unmotivated/people who complain people, you will most likely become poor/unmotivated, If you surround yourself with productive successful people you will naturally get their mindset/tricks/motivation to push yourself.
jortega61924 I guess you can learn from a persons lack of motivation however you probably won't meet anyone in that circle that can connect you to resources that will help you succeed. Thus, if you hang out with the unmotivated, you may benefit from having a couple of successful people to balance that out.
I have friends from every income group. I don’t like people who want to be friends with me to social climb. It is annoying. I’d rather be around honest poor people or honest rich people whose are confident with themselves.
We spend Soooo much time talking about makes someone rich but rarely what makes someone poor. I spent years of my early career working in weight loss clincs. The biggest thing I learned about what separates the successful and those who were perpetually working toward their goal was mindset. It changed my life to realize that.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Sonya Lee Mitchell is the licensed coach I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Sonya
I was born in a (relatively) poor family in Asia. I grew up knowing that hard work pays off. During my teenage years, I was sick of my family always not having enough money. I blamed the cosmos for putting me in a bad situation. I seemed to understand that economic mobility was difficult and decided I won't be living in the country forever. Studied hard to get a diploma (can't afford a degree) and set myself up to personal improvement until I got an opportunity to work overseas. Got a pay jump - paid off my parent's debts and saved enough money in case of emergency-when just a few years ago I rarely had enough money to take the bus to go to work. All I'm trying to say is, when there's a will, there's a way. The problem with a lot of people (mind you - i didn't say all) is that their expenditure increases with their pay. Or they have really bad money management. In hindsight, this is probably my family. For sure, some people start life on hard mode depending on their family's financial situation. That said it doesn't matter what race, gender, religion you are - there is a way to always do better. Seek gratitude - you're probably doing better compared to billions of people (especially if you're reading this- 4 billion people don't even have internet access). And the main thing - Stop being the victim.
You said a mouthful. Their expenditure increases with their pay. They spend more on frivolous things instead of banking that money. I know a woman who makes a decent amount of money who stops at the mini market every day to buy a pack of cigarettes. Aside from the health issue, if you can’t see the problem with this, you’re not very smart.
1) Being born poor and having too many responsibilities helping parents while growing up. 2) luck of mentorship on how to earn a better living and not a poor wage what it was look like everybody was earning. Working hard does not equal earning decent money. 3) Getting too comfortable pinching pennies and surviving on less. These are reasons for me, but I did learn good money management skills growing up. I just wish I would learn money making skills too not just blindly thinking if I work hard, I will earn a lot.
Everyone always of the bum on the couch collecting unemployment. But no one things of the people working harder than them who have less than them. That's something we learn as children that a lot boomers could take some advice from.
I know 2 women their blood sisters - raised in the same home - 1 has done well in life-worked hard and managed-the other has lived a party life and has nothing!
Instead of looking at someone as being racist try looking at how much can I learn from this person? I really think poverty stems from the lack of knowledge and the lack of self discipline .
If you want out of a situation bad enough, you WILL find a way out of it. I grew up poor in a very wealthy town but had no wealth envy. Guess what? I'm not poor anymore. I was, didn't like it, so I did something about it.
I feel the same. Even if he was racist, people should just use the info he gives freely. If a racist guy was going to put me on Game to be a wealthier person I’m going to listen. Doesn’t mean we have to like each other.
I'm from the hood of Long Beach California" everything that was said of getting out, of the hood" is true. I have very little education" but that doesn't stop me, from making money" online and walking into a Goodwill" store buying something and flipping it online. I use my hood hustling skills 2 flip my money online thank you Jesus I remember when I used to flip 50 double UPS of that white "stuff .I'll never go back to that again. A lack of Education" shouldn't be an excuse for failure..... I'm that bird that was born with small wings" so I have to get up a little bit earlier.
That’s is called knowing how to do business.. and keep going. No school education shouldn’t be an excuse, I know a doctor who lives paycheck to paycheck because he doesn’t know how to work his money.
Never let your schooling get in the way of your education. Failure isn't falling down, failure is when you stop getting up, and a quitter never wins and a winner never quits.
government often makes the rich richer. Consider the laws on 'intellectual property' that Microsoft and allies pushed through Washington (and imposed on us in Canada to get NAFTA through) -- it radically made Bill Gates richer. Immensely richer.
Really. I worked from the ages of 12-54 when a traumatic brain injury took me out of the workforce. I didn’t have any debt when it happened but my savings was still wiped out paying for cobra benefits since I couldn’t keep my insurance when I couldn’t work. I also had a teen still at home to support and medical co pays. People need to stop judging.... did you listen to the show at all?
I definitely know why my dad died poor, many many children, lots of expenses while his wages stayed the same or lower.. no innovations only multiple women and children.. I grew up seeing that, I took another route. no wife/children. I work hard, invest, almost a millionaire now at 38..
I have a similar story. My father never saved, he never invested for retirement, therefore now he is poor. I started saving a bit 5 years ago, I started listening to Dave 6 months ago, and up to this date I have saved 120k USD. The reason why I was not able to save money before was because of my addiction: traveling. So after having done 114 countries, I decided it was time to save more, slowing down the travel expenses. The way to monetary richness is attitude and conduct.
I was once liberal and with a liberal mentality, I now consider myself a conservative and the data that Dave Ramsey has given us, correlates with what I used to think. I thought that the liberals cared more, gave more, and I thought that the conservatives were too goodie and only cared about themselves, I was wrong. Data doesn’t lie.
My parents think I'm weird now that I've told them I'm sticking with my car until the wheels fall off. And that if I buy I'm buying with cash and a 2 year older car. So glad youtube recommended Dave to me.
Brian I feel this way to,buying a newer car adds to higher taxes and insurance.I was planning on holding on to my 96Nissan XE.I would get into a accident and it was totaled.I searched and searched for another older truck but everytime I took it to a mechanic they said it wasn't any good.I would end up buying a 2011.I was going to be a Uber driver but every time you turned around something bad was happening.I still make money using my truck moving things
I said that too with my first car I paid off... and that crazy car went through tires like crazy😂 and one of those changes the guy didn't tighten the lugs and it literally fell off😂😂
Thank you Dave, for this. I appreciate your fight against divisiveness, hating, and poverty. Let’s take it a step further and keep in mind that addiction is 50 percent genetic, predisposition. So even the alcoholic accountant, I wouldn’t be too quick to blame him for his downward spiral. Those of us not born with the pre-disposition have difficulty comprehending the struggle for others to remain sober. It’s an uneven playing field. What can we do? Try to support each other; be slow to judge; and keep tuning in to Dave Ramsey!
I was born poor to disabled parents. My siblings, and I never knew what it was like to see parents go to work. We never saw them talk about taxes. All we saw was my parents accepting charity, and getting small amount money for their disability. We sometimes were homeless. My siblings, and I are adults now. I remember when I got my first job. I didn't know what to do. Do I pay tax as soon as I get paid? How often do I get paid if I have a yearly salary? Am I meant to choose health insurance or does my boss choose it for me? Every working American seems to have a car to get to work. Is it compulsory to have a car for work, even if you don't need it? Poor people don't get educated in all this.
No one does. The school certainly doesnt. I have spent hours reading books and researching. Its up to the individual to do so. i do wish they had these type of classes in high school though!
Actually by simply asking questions and going to seek out the right knowledge is the first step. Sadly school is really there just to teach you to keep going to school. But if you are a thinker and knowledge seeker you will be just fine. School can't teach you everything but it can show you to ask questions and learn from others experiences and thereby you will do better.
Same here. Im 51 now and poor probably make around 20k a year even though I’ve have jobs that made a lot more. My parents never taught me about money. Both my parents are alcoholics. As so am I. Been sober now over 2 years, but the damage is already done and with 3 DUIS and 2 bankruptcies. No retirement etc. and the likelihood of me getting any social security is slim to none. Who’s fault? I take responsibility. But I was never taught about money. My dad was and is extremely bad with money. The average Dave Ramsey listener that calls makes on average 150k a year and most of them with either high IQs or extremely intelligent people, even though he claims are just average people. They aren’t average. All I’m sayin is everyone’s situation is different. I made a series of bad choices coupled with alcoholism.
I relate to this so much you can’t even imagine. It’s oddly comforting to know I wasn’t the only person who struggled with these things. I wish I have known then so I didn’t feel ashamed to ask questions.
An important thought to add, being poor isn’t always related to having a lack of money. There are People of all socioeconomic statuses who are essentially poor, regardless of the amount of zeros in their back account. Make sure you don’t measure your success solely by your bank account.
Umm no. This show is about financial success so that means $$. A lot of people are content being poor, I’m sure they aren’t happy struggling in poverty
Hi Dave! I am Brazilian and a Muslim and appreciate your channel and advice. Being charitable is also part of our faith and I would love to see guests from different faiths and walks of life in your show brainstorming how we can truly make a difference. God bless you all! Priscila:)
The other day I was walking thru a downtown park. I just happened to walk next to and with a homeless lady for a few minutes. She said “I’m 71” So sad.
She's right, being poor is and attitude and it's a mindset. It didn't actually exist. Being BROKE however is real and just a verb..... poor is who you are and broke is what you are. Know what I mean?
Yup. Dave said everyone can be broke for a short time. But poor is a lifestyle. My friends mom won over 100k at a casino... Went and put a down payment on a car. Didn't even pay cash for one. Spent the rest and got the car repo'd. SMH
I'm a Muslim from Pakistan and I'v been an avid listener for more than 40 days now. Yesterday i found myself the best mutual fund i could manage in my country. All thanks to Dave's videos on UA-cam. Thank you Sir!
You're 100% correct Dave!!! I have family who I have tried to bring up with me in the business world but they continue to make the same bad decisions and I mean hood decisions. I grew up in the same hood but I do not act like I did as a young man.
I'm kind of in the same boat! Went to college, left the first year. Trying to figure out which trade I want to get into... What do you like about welding?
Trying to get my young adult son to seriously consider a trade. My spouse is very skilled in his trade and makes significantly more than many. He never went to college but makes more than many folks I know with 4 years degree. I am home with our kids, but my 2 year degree in a field in healthcare yielded me far better wages (when I was working) than many folks with 4 year or more degrees as well. In the US, too many look down their noses at trades, but if you pick one wisely and have pride in your work, you can do quite well.
I have a friend I invited to go cut grass and clean pations and he said "If i wake up early I give you a call" hes been unemployed for a year and his wife works alot.....guess thats his plan of life
I'd be miserable if I wasn't doing something productive with the majority of the week. I love my off time, but it only feels good because I worked hard.
African American Muslim here🤚🏾 and I’m not politically conservative. I have been following the Ramsey Show for short period now but I really appreciate Mr. Ramsey’s show. He keeps me motivated and I’m making my way through the baby steps. Disagreement doesn’t have to mean disrespect or dislike/detest.
Control what you can (budget, plan, save, work hard, invest, approach life with a positive attitude, exercise daily, eat healthy food), and don't waste time complaining about the things you can't (hereditary disease, genetics, macro-economic downturns/layoffs, family background, ethnicity). . The keys for success in life are playing to your strengths while minimizing your risks and weaknesses as much as you can. Ultimately, give it all over to God, because he is the owner of it all and the source of every blessing. It's all his: we are his steward/caretakers for a time.
Speaking from my experience, a lot of giving that folks I know do is to their local church; most of what they donate in fact. Nothing wrong with that - but that money is used to build a new building, pay the pastor, purchase new bells for the bell choir, and other things that are to serve the building and administration of the church more so than to help the poor. So just because people donate does not mean they are donating exclusively to the poor. I personally do both - support my church and other giving - including Haiti - I have been there three times and support a school there.
People don't like to take ownership of their situation. They have to place the blame on others. The media are pointing the finger, and people believe it.
They blame the right for taking all the money. But if individuals A has $100,000 instead of $100,000,000 it doesn’t put more in my pocket if i decide to sit at home or wrk min wage.
Not knowing about personal finance was the reason for me. Finding Dave Ramsey on UA-cam very randomly opened my eyes to the new world of success. I am someone who is always learning & searching online as a hobby, but still couldn't figure out how to take care of my personal finance. Thanks to Dave I know how and I have a PLAN for it :) and so motivated!
As someone who was born and raised in Haiti, @the Dave Ramsey is spot on. I came here poor and now, I am broke, but I have the opportunity to change my life.
For most people in my area poverty is a generational mindset. They've heard from the cradle that we are poor and poor people can't get ahead. They grow up thinking that you either have to be born rich or be in the right place at the right time for that one in a million lucky break. The few people who do get out and come back are derisive and tell people you are poor because you choose to be poor. This is in great part very true but they just leave it there and never take it a step further. You're dealing with the cave allegory here. If someone doesn't take the time to reshape the way impoverished people think and reshape their world view they will always be poor. If wealthy people really are sick of supporting those who don't do for themselves they're going to have to evangelize people to a new way of dealing with their personal finances. We are all going to have be Dave Ramseys to a neighbor, friend or even a foe. Next time your Eeyore friend or coworker starts tha "woe is me" mess bring them to the light. Get personal, share your financial testimony. Most people won't start doing what you're doing because they can't believe you were ever as bad off as they were. We have to change the way we deal with people who are still trapped in our old mess.
Thank you Team Ramsey! Been fighting BS3 for a long time and now I can finally say that I'm in BS4! Like Dave says in TMM "it takes most people about 2 1/2 years". It did. Thank you Dave for how you changed millions of lives. I took the FPU in Jan 2005 and it opened my eyes to the possibility of financial freedom. I didn't really take it all seriously until I retired from the military.
I think that causes of poverty or being poor are 1. Mishandling money by getting payday loans, over charging credit cards, bad money management in general. 2. Being born in to poverty. 3. Lack of effort. 4. Lack of financial education.
Chris Baker This isn't necessarily true. I was born into poverty, so I know what being impovished is all about. I learned money management from my grandfather at a very young working age. I only brought things that were affordable to me, and what wasn't I didn't worry about.
@@etiennedegaulle3817 kids are not the problem. Spending is the problem. My parents had 8 kids. Wilma Rudolph had 21 brothers and sisters. Kids ain’t the problem
@@PInk77W1 There are many families with many kids today who are flat broke. They just have more expense than they can possibly afford due to having kids. They just made bad decisions, especially given the current economic situation.
Dave, I have always been taught and many would agree that the keys to success are due to: 1. Education/skill set 2. Effort/hard work 3. Moral values I am referring in particular to the US and the not the rest of the world, even people in the US have to overcome circumstances. Imho as a proud American and thanks for sharing.
I would add self control. We live in the information age where information is accessible anywhere, especially when everyone and their mother has a cellphone.
Exactly, how can you think outside of the box when all you know in existence is 4 walls. Being fed up with limitations will make a person move to seek knowledge.
@@otsoko66 you're describing being broke..not poor. If you're statement was true, how would you explain people born from poverty and building wealth? When poor people get money, they immediately go on a spending spree. Some lotto winners are good examples...win millions in the lotto and end up broke a few years later.
@@sexysilversurfer I recently went to an estate auction for an Amish gentleman. He was selling out and retiring in another state. After seeing his home and farm I would definitely NOT call him poor. Honorable, hardworking, and independent - definitely. A person to be admire in my opinion.
I was raised to always strive for the best, work hard etc. I’ve met people who just genuinely don’t seem to care about wealth or financial achievement. They are content to go through life living on a shoestring budget. There are people who, if any type of windfall comes their way, they need to get rid of it so they can get back to being broke.
I never cared to become wealthy, but I do care about my family and special needs son to be taken care of when I am gone. My wife and I took Dave's class 15 years ago and it changed our lives. At 54 years old my wife and I are everyday millionaires. We have helped many other along the way and continue to do so as God directs.
Make sure to hit the subscribe button and thanks for watching! ua-cam.com/users/DaveRamseyShow
I grew up mostly in McDowell County, West Virginia. Both of my parents were (and still are) on welfare, receiving food stamps, disability checks, clothing vouchers, medicare, etc. I attribute their financial situation to sheer laziness. My dad was an electrical engineer for a coal mines but was in a motorcycle wreck when I was two (I'm 32 now). He found out that he could get disability for that and has been living off the government ever since. Same story with my mom and unfortunately, that pattern has repeated itself in my sister, who's almost 31 and living off the government when she's not in jail for drugs. I, however, decided when I was kid that I didn't want that life. I left home when I turned 18 and by the time I was 28, I had served 6yrs in the US Army and was earning a six-figure income as a software engineer. Situation and circumstances don't determine your future, your choices do. The whole "product of your environment" mindset is complete malarkey. So, if I were to comment as to why I think people are poor, I would attribute it to their choices. Circumstances are temporary. Adversity is a challenge. The only thing permanent is death. Trust in God, make good choices, and WORK for what you want.
The Dave Ramsey Show he's laughter though lol he's like hehehehe :)
The Dave Ramsey Show Thank you soooo much Dave gor saving my life!!! it's finally hit home for me about cars and their real value. Would really love to meet you in person one day soon....to thank you in person. God bless and keep up the good work!! I love you brother!! Thanks again!!
Thank you for clearing it up, It's very much "why" and "what it does" education rather than "how".
You hear all day from other poor people telling you how to be rich, and if they knew why wouldn't they do it?
So the "how" doesn't matter, everybody knows how but why listen to anybody? They all say the same stuff and some are rich and some are poor!
I don't know, that was my problem anyway. Once I got a good "why", then I could approach the "how" with a whole new perspective, and that's what changed my life.
Bobby Van Gilder p
I started watching DR 11 months ago and I was 30k in debt. I am 3k away from being debt free after 1 year
Dude!!! That's awesome - congrats on killing it!
Amazing !
YAY CONGRATS!!
Any updates dude?
goals
Today I paid off my wife's car. All cards and loans paid off in about 9 months I'm totally debt free except for the house. The wife tried talking me out of it because of the pandemic. I told her that this is the very reason I've been working 12 hours a day 7 days a week since this thing has started. Don't let anything stop you when you're on a journey.
Very smart. Try to take 1 day off a week bro I've done what you did and after 7 to 8 months I burned myself out. Keep going forward
Awesome stuff. You have much to be proud of !
Amen sir!
Congrats and keep it going!
newton raymond Great job. 😘😘
I was raised in poverty and the biggest problem I saw was hopelessness.
How old r u ?
Belinda Garza I 100% agree
That’s the parents fault.
I grew up in poverty also and the biggest problem I saw was the poverty mindset.
@@markbowman5515 Define poverty?
I always remind myself to not buying the unnecessary thing. I cook at home and I don't splurge on entertainment. I am now spending my time reading books and articles to gain better knowledge. have fun at home by drawing and painting. This helps me to save more money
That's truly awesome
I appreciate this because sometimes I get bored staying home but I'm trying to improve my finances. Thanks for sharing!
I’m on the same boat as you, hope everything goes well plus more!
Thank you for all the supportive comments. I'm still learning, managing my saving and expenses every month. It feels great ❤️
I am a black christian woman that grew up poor. I am in control of my finances. Most African American people that I tried to talk to about finances will not listen. In order to get somewhere you have never been you're going to have to do things you have never done. You cannot talk to a brick wall
Exactly and the same is true of white folk too. Most people think I'm some kid of whack job when I talk about personal finance. But once in a while I get a bite and those are the ones I can help. I have had about 10 people who have got on board with turning their lives around over the last few years.
Good statement. I applaud your efforts to get control of your finances.
"In order to get somewhere you have never been you're going to have to do things you have never done"
well said!
My husband and I learned that. We try to tell them stuff, and we just get called stuck up.
How can you tell the person calling in is black or white or purple?
They need a Dave Ramsey class in every High school. This country would be better off.
Then they couldn't "sell" college...
Maybe then people would stop blaming the rich for their lack of financial success. It's easier to blame someone else than to take personal responsibility.
We need to implement it there (in HS) but more than anything we need to Start at Home
When you realize how money and our financial system works, you realize that they really can't teach this in school
@@CJ-vz5bl they'd be out of business
I want to chime in. I've followed Dave for 6 years now, got out of debt, have the emergency fund, invest in my 401 (k) and so forth. My mom was a single mother and there are 4 of us. We didn't grow up super poor, but we did not have a lot of money either. I was raised to work hard, but handling money was a foreign language to me! My mom does not have money and she is now 60. She doesn't play the victim card but money is now an issue because she never saved. She gets by and I help when I can (she very seldom asks that's why I don't mind helping).. So when Dave tells US to save, and to invest, and to do a budget so when we turn 60 WE are not broke, I totally understand what he is teaching... Love you Dave you are a life saver sir
Nick Behrooz I am in the same boat as you
So the only reason she doesnt have any money now is because she never saved? So your saying if your mom ask you for help all the time you wouldnt help her?
he already said that his mom didn't make a lot of money. In my case, my mom has only made $15,000 to $22,000 a year her working life. And I do help my mom. It's what kept driving me to get a master's degree. Hopefully, when my sister's finish, they can help her too.
Nick Behrooz jxugagun
Exoticbeauty015 it’s not in my budget to help all the time! I make 50k a year & while it’s not bad to live on in South Carolina, I still have rent, utilities, & living expenses. When Dave teaches & talks on saving money, he’s right! When he teaches on saving for retirement he is especially right. All that being said my mom RARELY asks for money. I fill her tank up & help with food from time to time. Take her to breakfast & slip a bill into her purse once in awhile. I would never let my mom starve. But at the same time she also regrets not saving for retirement! She told me this a couple weeks ago actually.
I'm from jamaica where I use to be a security guard working at least 60 hours every week I was always broke when I was living in my families house where I only paid utilities and buy food, after I moved into my own apartment my mindset and my habits changed and even tho I had a huge rent I was never broke again. Choices and the people you're around will ensure failure if you let it. Living in America now for 5 years and I'm amazed at the growth I've been able to have is nothing short of amazing. I'm thankful for my struggles because they got me to where I am now. If only I found Dave Ramsey sooner!
I'm Jamaican too and I'm so broke all the time, eversince I started working I've paid all my families bills, groceries, jps etc. and couldn't save a cent. I wish someone had told me to be selfish and look after myself first.
@@regularity2556 nice sarcasm! I'm far from selfish I just stop making stupid choices u know like going to every party and blowing money (shell the bar) or buying clothes and shoes every month in a never ending quest to compete and keep up. I have an obligation to ensure a brighter future for my children u know create some kind of generational wealth. Crazy concept right?
I am, at least I believe that i am, an intelligent black woman. I have been listening to Dave Ramsey for about a year now and in one year of listening to him, i have accumulated so much knowledge concerning my finances. I am on my way to financial freedom. Thanks Dave. Keep up the great work!!!!!!
As a 15 year old atheist, I completely respect Dave Ramsey. I love watching him help people, have learned a lot from the show. So thanks Dave, for giving solid advice to anyone who needs it.
Renee Jones what have you changed starting out?
Way to go! Doesn't it feel great!?! Isn't it also like waking up from the Matrix when his material finally clicks for the first time? Suddenly we look at banks, ads, taxes, and the endless jealousy found in "popular culture" in a *completely* different way.
Well done. Keep moving forward each day even if only a little.
@@issuesexplained681 Agnostic here and I love learning from Dave. He's great.
As a black man trying to talk to the people I grew up with about finances, the quote "its easier to get out of the hood than it is to get the hood out of you" is nothing short of FACTS. You talk about financial literacy and how impressing people is holding you back and they don't want to hear it.
Truth is, here in Detroit we didn't have schools to give us a great education, just an OK one. Luckily thru the teachings of Dave, Boyce Watkins, and other financial icons I've been on the right track to rebuilding and my emergency fund literally saved me when I hit a big crisis.
Also, to hear a guy like Dave admit to the oppression and racism that holds certain people down is a breath of fresh air, considering I'm a big fan of his (although I still would be a fan if he didn't, I'd just be more cautious about certain things). This tells me that he actually studies data and truly understands numbers and how the world works. This is not me saying blame the white man for every bad thing that happens in our lives because, in reality, most of us could fix our situations if we take our "club and jordan money" and save it.
I'm neither here nor there when it comes to systemic oppression. What matters more is one's drive to succeed. You obviously exemplify that.
Maaan same here! hahaha
Preach brother, I'm in the hood to watching it get gentrified everyday. I'm on baby step 5 and funding two kids college...
My friends I've grown up with won't listen....they rather buy jordans and go clubbin...wish I could help them
+moneyrip1 my brother that is so real. This lifestyle is like a disease plaguing our community man. We've all been there before, but at some point, we have to wake up and make the changes for our families and the next generation!
Clovy Clov m
I make $40k/year, am 30, and have 40k in retirement savings. This show was a great inspiration to get me motivated.
Thanks, Dave.
Richard Dixon Thanks for the kind words! It all seems abstract yet so it is helpful to hear other people’s insight! 🍀🍀
T J I also body build and practice two martial arts. “Weak” is objectively inaccurate.
I just love this gentleman period his just right.
That’s so awesome man. God bless you!
Do you have any other savings other than the 40k? Asking because I’m 30 and needs motivation.
I'm on SSI and even though I can't always give money to the poor, I have gone to Food Pantries to help out as well as to receive food, it's one of the ways I can help others.
If you are only on ssi you are poor...don't worry about giving other people money. fix yourself first.
@@martinmi5 well perhaps there is no " fix ". BUT we can all do something to help. Give $, time or pass on skills.
Thanks to Dave Ramsey , I live wayyyyy below my means, I saved , Invest & I'm building my wealth!!!!
🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾
RD D Who cares if you are black ,yellow or green. ,,JUST DO IT ,, Nike and me. Do what Dave is talking about and you will be just fine.
Happy days
RD D why are you stating your ethnicity?
Anderson R because some people were saying that Dave is racist.
I have about $4000 saved. Thank you Dave.
4000!!!!
Keep going man!
Do u save in a bank or invest I'm just curious
Thomas LaBorde is the number going up ?
Hey.....my dog just died and we trying to give lil Roscoe a proper burial.....can u cash app me like ............$2000
Buying cars and traveling is what made us “poor” we finally are getting out of that now. Only thing left is $6000 in car debt and our mortgage.
True that 😩😩😩
Good job. You will feel your sacrifice at 55 plus.
Alexia and your mortgage is how much?
some people have cash paid cars from auction. fix their own cars. barely buy clothes and dont waste any money with no traveling what so ever and still paycheck to paycheck lol
do you regret your travelling though?
Dave I was raised in extreme poverty. I knew the only way out was education. I was able to pull myself out as an adult. Always had goals and plans. Poverty mindset is real. I always believed I could do better and I did. If a child is raised in a home with mismanagement of money they believe it is correct. You have a great program. Thank you!
People don't need Dave more than they need to make more money....
@@donaldlyons17 well that is the point. If you don't manage your money then it gets fritters away. I advocate training and education for every young person to be able to "make it" otherwise minimum wage is not a livable wage.
@@vixxcottage Your concerns are good but their wage will matter more than their behavior..... Housing and other super expensive stuff means income matters more over time than behavior. I know this because I lived with people making multiple times less than I was and guess who always had money? Well safe to say it was almost NEVER THEM. So based on that experience managing money does not make up for making more money.
@@donaldlyons17make more, AND more importantly....STOP SPENDING!!!!!!!!! Just like in the comment above. Set goals and do whatever it takes to achieve those goals. HInt...its NOT always making more...its STOP SPENDING. Its not what you make...its what you spend/owe. If you make a little more(extra side job) and cut back on spending ALOT....THIS is where it happens.
@@peartfaldo Ideas again are not reality. Making more has better prospects but to make more often requires extras stuff. It is what people make that makes the difference. I know because when I was making different incomes I got to see $600, $1,200, $1,600 and now 3,000 each month have very different buying powers!!!! At a certain point stop spending is impossible because access to goods and services cost regardless of the amount of money made!
If you can blame other people for your position in life, you absolve yourself of the responsibility for fixing it. An easy thing to do.
Agree!
Definitely!
Three years later and still true
Exactly!
I agree. Only exception is the pandemic
It's a lack of financial education. Kids aren't poor. Their PARENTS are poor. We don't teach personal financial management in schools, so kids become adults with no idea of how to manage their money, the importance of paying bills on time, etc.
in wealthy towns i.e. (mattapoisett massachusetts ) financial education is taught to children as young as 4th and 5th grade, they are taught how to invest, and these are public not a private school
The most important financial education comes from watching your parents. I grew up with parents who financially planed everything and did without. My husband grew up with parents who just spent whether they had it or not and didn't try to get ahead. We are both just like our parents, and boy does it cause frustration because we are never on the same page.
I just want to add on to what you said because it's not only true, but it's half the story. Yes, it's true that poor kids are not being educated on how to properly manage money. But what education are they getting? They're being taught they need to get a credit card, build credit, build FICO, and use that to buy a car or house. So, they're actively being taught that you need to go into debt because "That's just how it works" which is not a good reason to teach them that. We need to teach kids that wealth/cash is more powerful than having a FICO.
My parents were very angry with me for suggesting Dave Ramsey. They knew what was best for the family and no one could possibly understand. They were always broke and the marriage fell apart.
@@Kim2887 True, but in our case our parents taught my husband and I what not to do. Both sets of parents were poor, but their biggest problem was spending the money they did have irresponsibly and didn't plan. We both decided we didn't want to struggle like they have and end up not being able to retire.
through Dave, I now hate spending. I have $5000 as EF, and$15000 saved in 5 months. I am a CNA, from Africa
*G A Z E L L E I N T E N S I T Y*
Danny Green Working toward the same goal. Sometimes I don't spend money unless I have to. Now I'm not cheap! Sometimes you have to spend money!
Awesome work! Keep up the gazelle intensity 💃💪
@@Happey67 same here biggest mistake was letting them know I have a job
Concerned African . Hmmm I always believed Africans were great savers. Encouraging. What happened?
Anyone else, with a job during the pandemic, see their savings increase?
Def blessed to still have a job, and savings improved due to less going out to shop and eat. More cycling and hiking, which is free
We're lucky to work in jobs that are essential or can be done WFH
I got a raise during the pandemic. Telecom equipment company, saw a sizeable sales increase and lower Canadian dollar means same sales can cover bigger paycheques. Never had to stay home, but I stopped using public transit and my gas costs increased (I drive a 2009 Civic with no lien). Also didn't catch it despite living in a hotspot (got lucky)
@Candace Osei Bonsu Amen
I realized that my high priority bills can still be paid without my side job as a waitress. I was just spending more money because I had more. When I was able to work again and even though it was just once a week due to limited opening hours, I was able to set my paycheck money including the tips aside. I also sold a lot of stuff because like „you can get out of the hood but getting the hood out of you“-motto, I came from a hoarder household and realized in lockdown that I’m still not out of that mentality of my familiy. So I tossed and sold a lot and in short: the mentality that you grew up around does not have to define you when you grow up 🤷🏼♀️
I come from the hood and I totally agree! You gotta make the choice to want more than what was given to you...
You must first have the awakening that you can live better before you decide to have more out of life; some people just become complacent in poverty-luck of mentors and myopia
I came from the good too and I can agree
Just what I did. Ian have nothing, my mama have 5 kids, single parent and we struggled.
Amen
I took consumer this year and now I have 500$ saved for a car and 500$ emergency fund and that's all bc I'm 15 and I'm so thankful for you dave
mini INCKY $500, not 500$
You rock!
mini INCKY keep up the good work!
Follow Dave's baby steps consistently and start investing as soon as you can!! You will be incredibly wealthy and prosperous, which will put you in an awesome position to be wonderfully generous.
Time is your friend right now, starting now is key, don't wait till you digging yourself out of debt at 45 to start. Listen to the voice of regret as Dave says! Lol.
Best wishes!!
mini INCKY in
Pretty sure that's 3 to 6 months worth of expenses for you. You're absolutely killing it man!
RICH PEOPLE STAY RICH BY ACTING & LIVING LIKE THEIR'RE POOR!!!, BROKE PEOPLE STAY BROKE BY ACTING & LIVING LIKE THEY'RE RICH!!!!!
Wow that's a very profound statement. I agree!
Touche!
This is so true! I'm from Puerto Rico and in my country most people only based on appearance, buying stuff they cannot afford to impress people who don't care
Warren Buffet spends an amount of money on his breakfast every day that correlates to how much he either gained or lost the previous day in the stock market. Further, he drives the same average late model Cadillac that he's had for several years. He is one of the wealthiest people on the planet, yet he lives like an average Joe.
True!
PSA: they are, they’re.
I was never taught about finances I just saw struggle...
Could you imagine they teach so much info in high school but nothing about personal finance and spending?!
Same here. I had to teach myself to budget and save money
@@SisyphusJP True for the most part but most highschools have a class called AP economics which somewhat teaches you about finance
Syed yeah but macro economics is worlds different from personal finance. Some topics apply for sure.
Agree with you...I know the struggle...I experienced, I understand...and though I am not financially rich.I am at a point where I am managing by being frugal and cautious and responsible..and slowly reaping. Though not yet fully financially free...I have acknowledged my past irresponsibility and mistakes..and continue to move forward! I am blessed! praise My Lord Jesus!
I am a Muslim African refugee female living in the US and I believe in everything Dave says. My husband and I are debt free except for our home and our home will be paid off in 6 months. We have 4 kids and we plan to travel as much as possible and save, we are grateful for him and his believes. Thank you Dave, you've changed our family tree.
Super cool !!
According to some studies 70 percent of lottery winners will end up broke. Poverty has a lot to do with how you think --at least in the U.S.
90% actually.
Because winning the lottery doesn't fix financial irresponsibility.
Lord if I hit the lottery for a million plus after tax? I’m retired and investing
Also why you see women who recieve millions in child support after having a child with a wealthy man. They spend all of it on hair, makeup, cars... Then tell their kid that their father was a deadbeat dad. SMH
Someone once said you could take everyone's money and spread it evenly among everyone and within 5 years, those who were rich would be rich again and those who are poor will be poor again.
A little sleep, a little slumber, a little folding of the arms to rest, and poverty will come upon you like a thief and scarcity like an armed man. Prov 24:34
Yes! In other words don’t get caught slipping on managing your finances!
Missy Cutie no in other words keep working
This doesn't seem to have anything to do at all with what he say this video. (Just like most Bible quotes are convoluted to fit the meeting the user wants it to.)
In other words if you keep showing up late to your nice paying job because you like to sleep you will lose your income when you lose your job. Dont ask me how I know haha
I am one of 5 children raised by a single mother. My dad was a total failure. We were very very poor growing up. I decided from an early age not to have a big family. I did not want to end up like my mother. I got educated in accounting, worked for many years in the field. I own my own firm now and proud to say, My husband and I are out of debt. I decided three years ago, I would follow Dave's advice and pay off my mortgage and save up to buy us a few investment properties. We are good!
Inspirational! I’m currently 22 & I too am pursuing a career in accounting/finance. Sometimes I feel like it’s too late for me to save up & have my own properties in the future tho but at the same time, it’s kinda like better now than later
So you're an accountant?
@@alfmar95 Yes
YAS queen!!!!
@G G i do not understand your statement. Can you clarify?
For myself, being poor was due to my belief that money was only something someone else gave to me. By that I mean a job. I was always searching for the 'better job' that would pay me $1-$2 more. But with no education, you're expendable.
When I learned that money was something you could attract to yourself by becoming valuable or learning a marketable skill(as Dave says) that's when things changed for me.
Exactly
Or be an Entrepreneur. Example. Affiliate marketing, drop shipping, or ebay seller. Look into it.
Lots of wealthy people are high school dropouts. Don't fall into the trap that "education" is everything.
Joe Doe you generally need to have a safety net to start. It’s not so easy when you’re starting at 0
Black Excellence Production:Well said!Many people are to busy blaming somebody/something for their station in life,rather than looking in the mirror!America was founded on individuals right to seek their own version of a happy successful life.Everybody does not need extreme wealth.If one does not handle the tool called money,They will not get the things they WANT!You only need food,water,and shelter to survive.Want and need are used interchangeably all to often!Thank you.Spread your message to the youth!
I have estimated 14k $ saved
Still rent
No car
Just bike cycle
And I'm not from America
you sir know what to do invest reasonably and be generous and life will reward you for it
It is called "Pelit" hahaha just kidding
Mr Tiny How do you invest reasonably?
how old are ya?
Dari indonesia yang pasti... =)) salam kenal ... sesama ramsey fan =)
Lol I adore Dave Ramsey he has kept me from making a lot of major mistakes in my life and he's going to prevent me from making major ones in the future
Fr?
I am muslim and have been listening to Dave for more than 3 years now, I was drawn to him because of his views on interest which align with my religious beliefs. It's ashame how divided the nation has become, we need to focus on being the best versions of ourselves thank you DAVE for being a prime example! There is a prophetic saying ,"the best of you, are the ones that bring about the most benefit to (the most) people" you are one of these people Dave keep doing the great work!
Same!
Hafsa A. Everyone is welcome to have a healthy financial future, regardless of religion or race!
It's a shame that it had taken a religion to teach you that interest is bad. This is basic common sense that should be taught to everyone.
No. Self. Restraint.
I am a bakery manager. The people who ask if their EBT card will buy their birthday cake go ALL out, maybe 20 guests- orders enough to feed 100. Gets multiple fillings, toppings, upgrades.. a $140 cake, no problem, gonna swipe that EBT! You dont see people on their own money making choices like that.
It's easier to spend someone else's money. When you earn it, you want to hang on to it.
Interesting!!!
So wrong. No wisdom.
They want their one year old to enjoy a birthday party he or she wont remember. This ends up being a family reunion of future diabetics, what no other food but cake? I see your point and will apply this to people who work and will do the same at least once in their life but will stop this once a kid becomes a teenager. It's still wasteful and will cut into having better finances. Misspent money is lack of saving. No savings then you're more poor.
Solution-watch some UA-cam videos and learn to make your own fancy cake for waaaay less than $140.
It’s not how much you make it’s how much you spend. My Grandpa had a saying.Use it up , wear it out,make do or do without.
Love that!
Love and Peace That’s an old saying from the depression.
my grandmother's too!
I have slashed my spending and have more money than ever and stopped worrying about money. I just don't buy things and the desire to buy has left me. I make due with what I have or do without and am happier than ever.
Grandpa is a wise man
Thank you, Dave. You got me out of debt and changed my mindset. I've saved the most money ever in my whole lifetime. My mindset has totally shifted. God bless you.
Congratulations 🎉
Update time !
Dave did not get you out of debt. You did. He just taught you how. Nice job!
Taking responsibility for your economic situation is one of the most empowering things you can ever do. Acting the victim will keep you enslaved.
I tried spreading this mindset to my ex girlfriend and she told me that I didn't know what I was talking about.
So true, I've noticed in my recovery that control of my money and spending habits was actually the factor that seemed to be tied to a lot of other areas. So yes I agree 100%
Being a victim will also make you enslaved
Lack of education, low pay, mistakes, bad decisions, life
Tru
But I have an education. MA.
I have all of that and made my own business, successful after 6 years. Perseverance and a smile go a long way.
The worst setup that I commonly see is young adults having kids with a minimum wage job.
@Dan Wruck poor in the middle of Africa is a whole different kind of poor than middle of Detroit.
Dave, I'm an atheist and do believe being poor is because of lack of trying. As for atheist being smarter, their are a lot of dumb atheist out there that can't do math, won't read history, and can't stand your show because it is Christ centered.
Yes Dave, even in the atheist community you do have people who listen to you and want you to keep up the good work.
I am one of them. I do think it silly that he says things like he is managing money for god, but other than that I like the advice he gives. I got myself out of debt a few times and it was always by sacrificing or earning extra income somehow. I learned the hard way.
I am very much atheist and listen daily to him. He teaches common sense. I don't need to believe in the same God just to agree that I need to get out of debt. Just glad there is social media so that I did find him.
Black Atheist here also
Sorry, atheists don't exist
Another black atheist as well. I zone out when he gets biblical but everything else is on point. Been a long time listener.
19 years old and am absolutely obsessed with your show and money habits. High-school did me well
Because i listened to you I have so much money in my bank account.
Great job :)
Same
Same good job man - we’re safe
Me too!! Congrats 👏
I feel it's in the wrong place
Thank you for calling that out about Haiti Dave. I'll never understand how all the money that is raised when natural disasters occurs just "disappears" and no one says A WORD.
Those people were robbed of everything that was given to them by caring people across the world. Whomever took the money needs to be prosecuted.
You mean the clintons?
TheGreenlove87 I was thinking the same thing. And I voted for Bill before the disaster.
We love Uncle Dave I’m a Latino Evangelical and I blame my debt mess on self. I thank God for you.
IM A BLACK AFRICAN FEMALE (from Ghana) AND I LOVE DAVE RAMSEY- i followed his instructions and in 2 yrs my credit score is 750 and i have only $4000 debt left to go. He is strictly no nonsense, and tells it like it is like my late african dad. I love Dave Ramsey.
I’m Muslim and I agree and respect every word you say and I’m actually a member, although I live in Dubai 🤍🙏🇦🇪
I’m sorry the internet is horrible!
Nice!
Nice to see a fellow Muslim on here. You’re beautiful by the way
@@handlebarharry
It is nice to have an internet.
when you see god send him to me , he owes me money
Those who think its 100% circumstantial, for being poor, will never ever move forward in life.
And the vast majority who think it is not circumstantial, will also never move forward in life. The low rates of economical and social mobility -- worse in the US than in other industrialized countries -- indicates that it is overwhelmingly circumstantial (especially in the US).
@@otsoko66 That doesn't prove what you think it does.
@@otsoko66 What are you smoking? The US has some of the highest rates of income mobility of all 1st world Nations, beaten only by nations with fewer regulations on the market.
Or those that keep blaming their parents for their failures. It is one thing to blame your parents when you are 18 but still blaming them when you are 50 because you are a failure means you are the problem.
Enlighten us person of wisdom.
I disagree with your comment.
I have skinny jeans, a beard and a Subaru but I agree with you Dave! Haha!!
This only works if you have a coexist sticker on your car 🤣
Davey Kolk , I am a disciple of Dave but the smartest thing I ever did was buy a Suburu
@@OogiddyboogwayIt is very clear why some countries exterminate the perverts.
Lack of Financial Education, budgeting & money management.
Wanting to keep up with MTV is a lot of it.
There’s a reason why they don’t teach financial education in school. It’s to keep you poor.
@@anthonypresley1980 No, being poor costs society money in welfare and food stamps and in some cases crime . If everyone was self sufficient and paid into society as taxes, would save governments, charity and people's good will a fortune. There is no advantage to keeping people poor.
ifabbott yes in fact there is. Without the poor, there wouldn’t be the rich and elite. Thankfully even Alexis de Tocqueville knew that in order to be a successful country, you have to take care of the poor. This is why Ayn Rand was completely wrong (as she ran to her mailbox for her social security check). There will always be poor people. That’s just fact.
They really need to teach finance in all public high schools. Not everyone has parents who are able or willing to teach it to their children
Black female here who happens to be agnostic, registered independent, college graduate and DOESN'T live in poverty. I did make a lot of stupid financial decisions in the past that I've learned from though! Manageable debt who is a fan of this show!!
Nicole Bright this is me too glad I’m not the only one
If you surround yourself with poor/unmotivated/people who complain people, you will most likely become poor/unmotivated, If you surround yourself with productive successful people you will naturally get their mindset/tricks/motivation to push yourself.
Show me your friends, I'll show you your future
This is not true at all. If I surround myself with poor unmotivated peope it makes me more motivated not to be like them.
jortega61924 I guess you can learn from a persons lack of motivation however you probably won't meet anyone in that circle that can connect you to resources that will help you succeed. Thus, if you hang out with the unmotivated, you may benefit from having a couple of successful people to balance that out.
Sukun Unosawa Not true
I have friends from every income group. I don’t like people who want to be friends with me to social climb. It is annoying. I’d rather be around honest poor people or honest rich people whose are confident with themselves.
When I learned the laws of money, and the difference between assets and liabilities.... It was life changing. I wish school would teach this.
Schools do teach this. It's just contained in the word problems from math class that nobody wanted to do.
We spend Soooo much time talking about makes someone rich but rarely what makes someone poor. I spent years of my early career working in weight loss clincs. The biggest thing I learned about what separates the successful and those who were perpetually working toward their goal was mindset. It changed my life to realize that.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Sonya Lee Mitchell is the licensed coach I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Sonya
I was born in a (relatively) poor family in Asia. I grew up knowing that hard work pays off. During my teenage years, I was sick of my family always not having enough money. I blamed the cosmos for putting me in a bad situation.
I seemed to understand that economic mobility was difficult and decided I won't be living in the country forever. Studied hard to get a diploma (can't afford a degree) and set myself up to personal improvement until I got an opportunity to work overseas. Got a pay jump - paid off my parent's debts and saved enough money in case of emergency-when just a few years ago I rarely had enough money to take the bus to go to work.
All I'm trying to say is, when there's a will, there's a way. The problem with a lot of people (mind you - i didn't say all) is that their expenditure increases with their pay. Or they have really bad money management. In hindsight, this is probably my family. For sure, some people start life on hard mode depending on their family's financial situation. That said it doesn't matter what race, gender, religion you are - there is a way to always do better. Seek gratitude - you're probably doing better compared to billions of people (especially if you're reading this- 4 billion people don't even have internet access). And the main thing - Stop being the victim.
Great story
amiroarrr z
You said a mouthful. Their expenditure increases with their pay. They spend more on frivolous things instead of banking that money. I know a woman who makes a decent amount of money who stops at the mini market every day to buy a pack of cigarettes. Aside from the health issue, if you can’t see the problem with this, you’re not very smart.
BEYOND AWESOME!!
1) Being born poor and having too many responsibilities helping parents while growing up. 2) luck of mentorship on how to earn a better living and not a poor wage what it was look like everybody was earning. Working hard does not equal earning decent money. 3) Getting too comfortable pinching pennies and surviving on less. These are reasons for me, but I did learn good money management skills growing up. I just wish I would learn money making skills too not just blindly thinking if I work hard, I will earn a lot.
Everyone always of the bum on the couch collecting unemployment. But no one things of the people working harder than them who have less than them. That's something we learn as children that a lot boomers could take some advice from.
I know 2 women their blood sisters - raised in the same home - 1 has done well in life-worked hard and managed-the other has lived a party life and has nothing!
Literally have a huge beard and subaru and watch you every day . I laughed so hard
Instead of looking at someone as being racist try looking at how much can I learn from this person? I really think poverty stems from the lack of knowledge and the lack of self discipline .
Yes ma'am. I agree 100%
Jitsumi London so true
If you want out of a situation bad enough, you WILL find a way out of it. I grew up poor in a very wealthy town but had no wealth envy. Guess what? I'm not poor anymore. I was, didn't like it, so I did something about it.
DeathRowToDisneyWorld that last sentence, perfectly summarized! Priorities play a huge part in your circumstances.
No
It depends on where you live and your situation
Been listening for a while and haven't heard a racist thing yet...just seems blunt and old school in the best of ways!
Why would you expect to hear racism?
@@JTrizzo8 people have called him racist
I feel the same.
Even if he was racist, people should just use the info he gives freely.
If a racist guy was going to put me on Game to be a wealthier person I’m going to listen. Doesn’t mean we have to like each other.
You are smarter than most.
I'm from the hood of Long Beach California" everything that was said of getting out, of the hood" is true. I have very little education" but that doesn't stop me, from making money" online and walking into a Goodwill" store buying something and flipping it online. I use my hood hustling skills 2 flip my money online thank you Jesus I remember when I used to flip 50 double UPS of that white "stuff .I'll never go back to that again. A lack of Education" shouldn't be an excuse for failure..... I'm that bird that was born with small wings" so I have to get up a little bit earlier.
Bird with small wings I like that
🙌🙌🙌
That’s is called knowing how to do business.. and keep going. No school education shouldn’t be an excuse, I know a doctor who lives paycheck to paycheck because he doesn’t know how to work his money.
Good for you bro
Never let your schooling get in the way of your education. Failure isn't falling down, failure is when you stop getting up, and a quitter never wins and a winner never quits.
"Government cannot make man richer, but it can make him
poorer."--Ludwig von Mises
government often makes the rich richer. Consider the laws on 'intellectual property' that Microsoft and allies pushed through Washington (and imposed on us in Canada to get NAFTA through) -- it radically made Bill Gates richer. Immensely richer.
otsoko66 what’s wrong with getting credit for the technology that you came up with?
@@otsoko66 What a horrible example to use to prove your "point".
Mises was a cook. His own wife disagreed with him as did one of his closest followers.
What cause poor people to be poor : They bought liability and think it's asset. Simple answer.
Genuis
Really. I worked from the ages of 12-54 when a traumatic brain injury took me out of the workforce. I didn’t have any debt when it happened but my savings was still wiped out paying for cobra benefits since I couldn’t keep my insurance when I couldn’t work. I also had a teen still at home to support and medical co pays. People need to stop judging.... did you listen to the show at all?
@Jonh benjamin Not one of those apply to me so tell me how a purchased liability made me poor?
Top, bottom or vers?
@@myjeanification He's obviously not talking about unfortunate accidents like your situation or others in similar circumstances, so why be offended?
I definitely know why my dad died poor, many many children, lots of expenses while his wages stayed the same or lower.. no innovations only multiple women and children.. I grew up seeing that, I took another route. no wife/children. I work hard, invest, almost a millionaire now at 38..
Wow,,, happy for you,,,
Like myself,,,
I have a similar story. My father never saved, he never invested for retirement, therefore now he is poor.
I started saving a bit 5 years ago, I started listening to Dave 6 months ago, and up to this date I have saved 120k USD. The reason why I was not able to save money before was because of my addiction: traveling. So after having done 114 countries, I decided it was time to save more, slowing down the travel expenses. The way to monetary richness is attitude and conduct.
You're the trend of the future, I feel. Kids are so terribly expensive.
@Julie not bad to have a family bad to make a broken family and then rinse and repeat.
I was once liberal and with a liberal mentality, I now consider myself a conservative and the data that Dave Ramsey has given us, correlates with what I used to think. I thought that the liberals cared more, gave more, and I thought that the conservatives were too goodie and only cared about themselves, I was wrong. Data doesn’t lie.
I’m poor cause I lived beyond my means but thanks to my father in law buying your corse for me and Megan we are working into thriving
Blk man here 🤩 and I love Ramsey 😎
My parents think I'm weird now that I've told them I'm sticking with my car until the wheels fall off. And that if I buy I'm buying with cash and a 2 year older car. So glad youtube recommended Dave to me.
Brian I feel this way to,buying a newer car adds to higher taxes and insurance.I was planning on holding on to my 96Nissan XE.I would get into a accident and it was totaled.I searched and searched for another older truck but everytime I took it to a mechanic they said it wasn't any good.I would end up buying a 2011.I was going to be a Uber driver but every time you turned around something bad was happening.I still make money using my truck moving things
Brian Nowack agree! Still driving my car with 317,000 kms on the odometer. 12 year old car👍 I’ll update when it dies....
Realize that they lived in a different era. The car is a status symbol of how well they did as parents. Parents need to brag on their kids
I said that too with my first car I paid off... and that crazy car went through tires like crazy😂 and one of those changes the guy didn't tighten the lugs and it literally fell off😂😂
End of the day a car spends most of its lifetime parked at work, parked in the driveway, parked at the grocery store, and sitting in traffic.
Thank you Dave, for this. I appreciate your fight against divisiveness, hating, and poverty.
Let’s take it a step further and keep in mind that addiction is 50 percent genetic, predisposition. So even the alcoholic accountant, I wouldn’t be too quick to blame him for his downward spiral. Those of us not born with the pre-disposition have difficulty comprehending the struggle for others to remain sober.
It’s an uneven playing field. What can we do? Try to support each other; be slow to judge; and keep tuning in to Dave Ramsey!
Thank you for this. You're absolutely 💯 right.
I was born poor to disabled parents. My siblings, and I never knew what it was like to see parents go to work. We never saw them talk about taxes. All we saw was my parents accepting charity, and getting small amount money for their disability. We sometimes were homeless. My siblings, and I are adults now. I remember when I got my first job. I didn't know what to do. Do I pay tax as soon as I get paid? How often do I get paid if I have a yearly salary? Am I meant to choose health insurance or does my boss choose it for me? Every working American seems to have a car to get to work. Is it compulsory to have a car for work, even if you don't need it?
Poor people don't get educated in all this.
Sorry to hear how you grew up. Hope you and all your siblings are doing well now.
No one does. The school certainly doesnt. I have spent hours reading books and researching. Its up to the individual to do so. i do wish they had these type of classes in high school though!
Actually by simply asking questions and going to seek out the right knowledge is the first step. Sadly school is really there just to teach you to keep going to school. But if you are a thinker and knowledge seeker you will be just fine. School can't teach you everything but it can show you to ask questions and learn from others experiences and thereby you will do better.
Same here. Im 51 now and poor probably make around 20k a year even though I’ve have jobs that made a lot more. My parents never taught me about money. Both my parents are alcoholics. As so am I. Been sober now over 2 years, but the damage is already done and with 3 DUIS and 2 bankruptcies. No retirement etc. and the likelihood of me getting any social security is slim to none. Who’s fault? I take responsibility. But I was never taught about money. My dad was and is extremely bad with money. The average Dave Ramsey listener that calls makes on average 150k a year and most of them with either high IQs or extremely intelligent people, even though he claims are just average people. They aren’t average. All I’m sayin is everyone’s situation is different. I made a series of bad choices coupled with alcoholism.
I relate to this so much you can’t even imagine. It’s oddly comforting to know I wasn’t the only person who struggled with these things. I wish I have known then so I didn’t feel ashamed to ask questions.
An important thought to add, being poor isn’t always related to having a lack of money.
There are People of all socioeconomic statuses who are essentially poor, regardless of the amount of zeros in their back account.
Make sure you don’t measure your success solely by your bank account.
Umm no. This show is about financial success so that means $$. A lot of people are content being poor, I’m sure they aren’t happy struggling in poverty
I’m only 21 & I’ve already done substantial debt damage to myself, but I’m so glad I’ve found this guy.
Update time
Hi Dave! I am Brazilian and a Muslim and appreciate your channel and advice. Being charitable is also part of our faith and I would love to see guests from different faiths and walks of life in your show brainstorming how we can truly make a difference. God bless you all! Priscila:)
The other day I was walking thru a downtown park. I just happened to walk next to and with a homeless lady for a few minutes. She said “I’m 71”
So sad.
I admire Dave. Straight to the point. Real talk. I gained tons of wisdom from his shows.
The cause of being poor is spending 100% of the money you earn
people are also poor for spending the money they dont have. hence most ppl that come on here to talk about their debt.
Spending more money than they need on things that don't help make money and or don't need.
Show me how to live on $2 an hour in Australia. With wife and two kids. One with special needs.
@@karlpokorny7130 sounds like kids are little premature.
Sometimes it takes it.
This man called Dave Ramsey has helped me so much. He’s one of the best voices on finance out there.
Poverty is a mindset.
MissEvaSimone miss Simone, you not serious
She's right, being poor is and attitude and it's a mindset. It didn't actually exist. Being BROKE however is real and just a verb..... poor is who you are and broke is what you are. Know what I mean?
You are correct!
Yup. Dave said everyone can be broke for a short time. But poor is a lifestyle.
My friends mom won over 100k at a casino... Went and put a down payment on a car. Didn't even pay cash for one. Spent the rest and got the car repo'd. SMH
MissEvaSimone . To some. Advantage. Yep!
I'm a Muslim from Pakistan and I'v been an avid listener for more than 40 days now.
Yesterday i found myself the best mutual fund i could manage in my country. All thanks to Dave's videos on UA-cam.
Thank you Sir!
You're 100% correct Dave!!! I have family who I have tried to bring up with me in the business world but they continue to make the same bad decisions and I mean hood decisions. I grew up in the same hood but I do not act like I did as a young man.
I am a Real Estate agent and from my experience that with the people I have come in contact with would be a lack of financial knowledge.
"Laziness will clothe a man in rags"
A slack hand causes poverty and I was one of these.
@Genius by Design haha,,, lol.
That's how poor people talk who don't know how the world works.
@Genius by Design Found the broke simp.
I belive work ethics is big. I was in college wasn't for me. Went to tech school for welding now make more money then my sister with masters doing HR
The trades will never go out of business.
I'm kind of in the same boat! Went to college, left the first year. Trying to figure out which trade I want to get into... What do you like about welding?
Trying to get my young adult son to seriously consider a trade. My spouse is very skilled in his trade and makes significantly more than many. He never went to college but makes more than many folks I know with 4 years degree. I am home with our kids, but my 2 year degree in a field in healthcare yielded me far better wages (when I was working) than many folks with 4 year or more degrees as well. In the US, too many look down their noses at trades, but if you pick one wisely and have pride in your work, you can do quite well.
I also went to college for 1 year, learned how the system worked and college isn't the answer always. looking for other ways as well lol
Wish I was a welder. Sounds like a rivetting profession
I have a friend I invited to go cut grass and clean pations and he said "If i wake up early I give you a call" hes been unemployed for a year and his wife works alot.....guess thats his plan of life
y si se levanto el guevon?
What are pations, please?
I'd be miserable if I wasn't doing something productive with the majority of the week. I love my off time, but it only feels good because I worked hard.
Ruby Parchment he meant patios
Wife should run!
African American Muslim here🤚🏾 and I’m not politically conservative. I have been following the Ramsey Show for short period now but I really appreciate Mr. Ramsey’s show. He keeps me motivated and I’m making my way through the baby steps. Disagreement doesn’t have to mean disrespect or dislike/detest.
Control what you can (budget, plan, save, work hard, invest, approach life with a positive attitude, exercise daily, eat healthy food), and don't waste time complaining about the things you can't (hereditary disease, genetics, macro-economic downturns/layoffs, family background, ethnicity).
.
The keys for success in life are playing to your strengths while minimizing your risks and weaknesses as much as you can. Ultimately, give it all over to God, because he is the owner of it all and the source of every blessing. It's all his: we are his steward/caretakers for a time.
Speaking from my experience, a lot of giving that folks I know do is to their local church; most of what they donate in fact. Nothing wrong with that - but that money is used to build a new building, pay the pastor, purchase new bells for the bell choir, and other things that are to serve the building and administration of the church more so than to help the poor. So just because people donate does not mean they are donating exclusively to the poor. I personally do both - support my church and other giving - including Haiti - I have been there three times and support a school there.
Don't support the church.
People don't like to take ownership of their situation. They have to place the blame on others. The media are pointing the finger, and people believe it.
Yeah, like blaming ilegal for taking jobs
They blame the right for taking all the money. But if individuals A has $100,000 instead of $100,000,000 it doesn’t put more in my pocket if i decide to sit at home or wrk min wage.
Sometimes it circumstance sometimes it's a lack of effort both Supply
Not knowing about personal finance was the reason for me. Finding Dave Ramsey on UA-cam very randomly opened my eyes to the new world of success. I am someone who is always learning & searching online as a hobby, but still couldn't figure out how to take care of my personal finance. Thanks to Dave I know how and I have a PLAN for it :) and so motivated!
As someone who was born and raised in Haiti, @the Dave Ramsey is spot on. I came here poor and now, I am broke, but I have the opportunity to change my life.
I absolutely love Dave Ramsey!
For most people in my area poverty is a generational mindset. They've heard from the cradle that we are poor and poor people can't get ahead. They grow up thinking that you either have to be born rich or be in the right place at the right time for that one in a million lucky break. The few people who do get out and come back are derisive and tell people you are poor because you choose to be poor. This is in great part very true but they just leave it there and never take it a step further. You're dealing with the cave allegory here. If someone doesn't take the time to reshape the way impoverished people think and reshape their world view they will always be poor. If wealthy people really are sick of supporting those who don't do for themselves they're going to have to evangelize people to a new way of dealing with their personal finances. We are all going to have be Dave Ramseys to a neighbor, friend or even a foe. Next time your Eeyore friend or coworker starts tha "woe is me" mess bring them to the light. Get personal, share your financial testimony. Most people won't start doing what you're doing because they can't believe you were ever as bad off as they were. We have to change the way we deal with people who are still trapped in our old mess.
Thank you Team Ramsey!
Been fighting BS3 for a long time and now I can finally say that I'm in BS4! Like Dave says in TMM "it takes most people about 2 1/2 years". It did. Thank you Dave for how you changed millions of lives. I took the FPU in Jan 2005 and it opened my eyes to the possibility of financial freedom. I didn't really take it all seriously until I retired from the military.
I think that causes of poverty or being poor are
1. Mishandling money by getting payday loans, over charging credit cards, bad money management in general.
2. Being born in to poverty.
3. Lack of effort.
4. Lack of financial education.
Chris Baker This isn't necessarily true. I was born into poverty, so I know what being impovished is all about. I learned money management from my grandfather at a very young working age. I only brought things that were affordable to me, and what wasn't I didn't worry about.
1. No plan
2. Spending
3. Drugs
4. Attitude
0. Kids you can't afford
@@etiennedegaulle3817 kids are not the problem.
Spending is the problem.
My parents had 8 kids.
Wilma Rudolph had 21 brothers and sisters.
Kids ain’t the problem
@@PInk77W1 They if you can't afford them. The anecdotes you provide are irrelevant today.
@@etiennedegaulle3817 there are many families with
Many kids today. They are just frugal.
@@PInk77W1 There are many families with many kids today who are flat broke. They just have more expense than they can possibly afford due to having kids. They just made bad decisions, especially given the current economic situation.
Dave, I have always been taught and many would agree that the keys to success are due to:
1. Education/skill set
2. Effort/hard work
3. Moral values
I am referring in particular to the US and the not the rest of the world, even people in the US have to overcome circumstances.
Imho as a proud American and thanks for sharing.
I honestly think lack of knowledge makes the poor ,poor
I would add self control. We live in the information age where information is accessible anywhere, especially when everyone and their mother has a cellphone.
Exactly, how can you think outside of the box when all you know in existence is 4 walls. Being fed up with limitations will make a person move to seek knowledge.
I honestly think that it's the lack of money makes the poor, poor. It's pretty amazing, when poor people get access to money, they stop being poor!
@@otsoko66 you're describing being broke..not poor. If you're statement was true, how would you explain people born from poverty and building wealth? When poor people get money, they immediately go on a spending spree. Some lotto winners are good examples...win millions in the lotto and end up broke a few years later.
Financial ignorance
There are many Amish millionaires and they only have an 8th grade education.
All that hard work and very little $$$ in the bank, oh well God will reward you in heaven.
@@sexysilversurfer I recently went to an estate auction for an Amish gentleman. He was selling out and retiring in another state.
After seeing his home and farm I would definitely NOT call him poor.
Honorable, hardworking, and independent - definitely.
A person to be admire in my opinion.
@@sexysilversurfer they're literally the richest people in the county
I love you Dave Ramsey you have changed my life my idea of money has evolved.
I was raised to always strive for the best, work hard etc. I’ve met people who just genuinely don’t seem to care about wealth or financial achievement. They are content to go through life living on a shoestring budget. There are people who, if any type of windfall comes their way, they need to get rid of it so they can get back to being broke.
I never cared to become wealthy, but I do care about my family and special needs son to be taken care of when I am gone. My wife and I took Dave's class 15 years ago and it changed our lives. At 54 years old my wife and I are everyday millionaires. We have helped many other along the way and continue to do so as God directs.