How to Reduce Your Financial Stress by 38% (Proven Plan)
Вставка
- Опубліковано 12 бер 2024
- 💵 Create a free budget. Sign up for EveryDollar today! ⮕ ter.li/m8hr6a
Show Description
A bigger paycheck won’t reduce your money stress, but good money habits will. Today, I’m sharing how to reduce your financial stress by 38% with the most proven money habit that exists.
Next Steps
● 🎥 Watch my The Fastest Way to Become a Millionaire (with Dave Ramsey) video. ⮕ • The Fastest Way to Bec...
● 📄 Read more from Redefining Normal: A Ramsey Plan Comparison Study. ⮕ www.ramseysolutions.com/budge...
● ➡️ Join Financial Peace University. ⮕ www.ramseysolutions.com/ramse...
Offers From Today's Sponsors
● 🏥 Learn more about Christian Healthcare Ministries.
Listen to More From Ramsey Network
🎙️ The Ramsey Show ⮕ ter.li/255573
💸 The Ramsey Show Highlights ⮕ ter.li/hiyq7n
🍸 Smart Money Happy Hour ⮕ ter.li/dorhqm
🧠 The Dr. John Delony Show ⮕ ter.li/htmm6g
💰 George Kamel ⮕ ter.li/d9vd8q
💼 The Ken Coleman Show - Highlights ⮕ ter.li/94hq0v
📈 EntreLeadership ⮕ ter.li/bz63zt
Ramsey Solutions Privacy Policy:
ua-cam.com/users/redirect?even...
Hi Rachel
Can you do a show on single income survival for women who are single
It's very hard to make ends meet with no help in a dual income situation.
Tips etc
Thanks you !
She doesn't read the comments or care about you. It's all posted and run by the Ramsey corporation
Tip… number 1 budget for the whole month and get you a cash stuffing wallet!!
I’m single but I have 2 jobs. It’s how I can make ends meet and some
Same here!
tru dat. they have their market plotted out. no ROI dealing with the plebes.@@siva47931
I am on baby step 2 getting out of debt
My biggest struggle is impulse purchase 😢 sometimes donno how to stick to the budget
Go to the store with cash 💰 and trust me you can’t spend what you don’t have on hand!! I love my cash stuffing wallet. The budget in the envelope for the category is the budget on hand.
You need to be honest with yourself when buying things & ask if you will actually be using it or not. Also be ready to return items & get a receipt.
Put impulse purchases in your budget! If you know you can’t go without, it’s important to factor that in to how much you spend.
How to save for a down payment would be a great video. Choose a metropolitan area of the US and curtail a budget on baby step 4 to be able to save for a down payment, Use the median income or even slightly lower. Show us how this can be done. Thanks!
Wouldn't that be a sinking fund?
I would love to see a video about saving for a downpayment. Like you take the average income, average home price, and actually go through how much you need to save to afford a home, and what your income would be for it to be 25% at these interest rates.
Kind of like when you do mock budget videos
No she just keeps running this same video over and over again about the baby steps
@terryclouse3340 Admittedly, I have to agree, I am not hearing anything new. There is something to be said about continuity & consistency, but this is a lot of recycled information.
Yes to the down payment!!
This is good
I got rid of my wife's yoga instructor and my stress went down by 38%.
😂
Her yoga instructor in yoga pants causes me stress in my marriage NGL.
You mean 83%?
😂
I'm working in paying off debt and my house. I would like more info on investing to grow my money. I'd like to be ready in knowledge when I get to that step. Thanks
All my stress went away and I sleep so much better when I suddenly came across sudden wealth.
So what she is preaching here is legit folks!
Congrats on your wealth
IF you Really follow the plan, it works!
never wanted to be a millionaire. landscaper for 30+ years. outside, no people, and i guided
plants as they grew and thrived. no regrets. no debts. retiring soon. ''turn off your tv, your apps, your
SM accounts''.
Which of the books explain the baby steps?
This just reminded me of my first $700k I'm so inspired!!!!!
Oh, really? Tell us more! I'm always interested in hearing success stories.
It's Renee Marie Harrison doing, she's changed my life.
After I raised up to $700k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
I do know Renee M. Harrison, I also have even become successful....
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Renee Marie Harrison.
I got rid of my mamalona of the year for an oldie mamalona & my stress went down 38%
Hi i am very curious what people do when they have reached babystep number 7. Can you go deeper how babystep 7 looks like? I can understand it looks different for everyone but do you keep saving and investing (if yes what percentage), what are some spending rules for the wealthy,...
so basically an in dept 'what after babystep 7'
I'm nowhere near baby step 7, but based on what I've learned from listening to the show for a while now that's where you've achieved the freedom to make any of those decisions as you please. You can now choose to invest more than 15% of your income into your retirement accounts; you can continue to save up for any of your person goals; you can be more generous with money; you can spend more if your budget permits. A lot of people set their own ratios based on their preference. You can do 40% on spending, 30% saving towards goals, 20% investing, and 10% giving, or however you choose :) you've earned that freedom! But the important part is to never stop budgeting and always know where your money is going.
Can I skip Baby Steps 5? i'm single and don't plan to get married. Same goes to Baby Steps 6? i still didn't buy any house
How can I get the highest interest on my savings without losing access to it???
Have you looked into online savings accounts? You can get around 5% on money that you don't need quick access to.
High yield savings account. Ally, CIT (not to be confused with citi bank) and a few others offer north of 5%. They're out performing bonds at the moment.
@UnicornMeat512 Yup!
Nerd Wallet just put out (3/24) a list of good high yield accounts
High interest savings account, online ones have the highest interest rates.
Everydollar won't connect with my bank?
I could live in my car for 20 years and save all my money and then I could eventually buy a van instead. A house sounds like a waste of money.
Goals!
I was thinking about it, but I just can't do it myself..... Too hard.
I would love to get the every dollar but don’t want to spend the$67😢
It’s worth it.
😮
That's house poor, net worth millionaires. Not actual people earning one million dollars per year. I'd rather learn from a cash flow millionaire.
A millionaire is someone with a net worth of $1m. Not someone with an annual income of $1m.
If you have a net worth of one million dollars because of a $400,000 house and a $600,000 stock mutual fund that may make you a millionaire on paper, but none of it is liquid unless you sell some stock or borrow on the house equity. When you need cash flow, paper millions aren't going to help. I'd rather have a business or cash flowing real estate to fund my lifestyle.
@@markhines192 ok, that's fine. Do that.
The literal definition of a millionaire is "a person whose assets are worth one million dollars or more." That's why when you Google rich people it displays their net worth. You just had a misconception of what a millionaire is. What you're thinking of are billionaires. People like Elon Musk, Jeff Bezos, Mark Cuban whose portfolios of businesses and investments produce millions of dollars in profit. There's only about 3,000 billionaires in the entire world. Millionaires are more common than you think and they achieve that buy purchasing real estate and building up their retirement funds.
And Uncle Sam will tax you to death😅
You said absolutely nothing!!