10 Things to Do Differently With Your Money in 2021
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- Опубліковано 9 чер 2024
- 10 Things to Do Differently With Your Money in 2021
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1. Budget
2. Stop using debt
3. Get an emergency fund
4. Stay the course w/ investing
5. Find ways to spend less
6. If married, combined checking accounts. (Dave has a rant here)
7. Get on same page with spouse goals and fears
8. Stop comparing yourself to others
9. Focus on your behavior 80% results are based on behavior. Another rant here.
10. Live on less than you make.
Ur a star!
And a tip for people who look for these summaries - don’t skip the rants! They’re the best part!
11. Learn to become independent as much as you can.
Thank you
The way Dave explains it makes the info so much more valuable
When I first heard Dave I thought he was nuts.
Now 3yrs later my life is completely different.
Was $11k in credit card debt
Now zero and cut it up
Was paying rent
Now paid cash for my “mini mansion”
Was broke
Now $49,000 in savings and growing.
Thx Dave.
Congrats
Awesome!!!!!!!
I am so proud of you. You have work so hard. I hope you take a moment to be proud of yourself.
@@Bast16711 I love it when people win!
@@Bast16711 yes, I’m amazed at what I’ve done and blessed too
I know this is off topic, but it is remarkable to see a father and his child working and laughing together. Those with healthy relationships with their parents forget just how rare this is.
If my father gave me a six-figure job and was the heir to the kingdom, Id be giggling like a madman every day.
I wish he was my dad
To work towards the same goal as your children, whether it's joyfully painting a house, fixing the boat or at your company, is probably one of the must rewarding things in life.
@@RichV20 tell that to my kids 🤦♀️
@@RichV20 ..
I payed off my last credit card debt in Dec 2020. It felt good.. It took me 2 years to pay off $13k, but it's done and I'm not going back.
Way to go Jen!
Congratulations! That's awesome.
way to go !!
Congrats!
That is awesome!!! Congratulations!!! I would love to know how you did it? I have around the same amount and wonderful to hear how people do this!!
"if you wanted to be independent and stand on your own, you shouldn't have freaking got married." wow that hit differently. awesome video Rachel!!
Yeah, it was pretty deep right!
For those scared to combine finances with their spouse, heres my story:
Hubby came into marriage understanding investing but no self-discipline, so had consumer debt and no extra to actually invest. I came in with super self-discipline but my money sat in dead-end bank accounts and in the "sock drawer" not growing. Now after working through our differences and talking through our plan, creating budget etc etc we now have a net worth of almost a million dollars. (and we are in not highly paid careers) No chance either of us would be here if we managed money apart! Together we are winning!
I think combining accounts can increase accountability, because neither spouse can hide anything from the other.
I thought Dave looked thinner lately, and now I hear him say it. Way to go Dave! You're an example of not only taking control of your money, but of your health too.
I noticed too.
@Mr Bellamy I noticed she is very thin also. I can't help but wonder if it is genetics or if she simply doesn't eat much.
@Mr Bellamy I was thinking the same. It could be just genetic but it struck me because I never noticed it before.
Such a dynamic duo! "If you're broke friends are making fun of your financial plan... you're on the right track!" Great quote.
**your.
YES! YES! YES! Can't agree more
@@silbarret4684" You're" is correct in English. It's a combination of the words you and are. Hence the word you're.
@@samanthahardy9903 it's not used correctly in this sentence. You wouldn't say "If YOU ARE friends making fun of you...." In this situation, "your" is correct.
@@kerriseals7063 After reading it again. You are correct. "Your" is correct and not "You're". I tend to tend spread read and sometimes jump the gun. My bad!
Paid off my last Credit card Dec 30th 2021. It took 2.5 years to dig out of 49k! I worked a part time job and assigned a good chunk of my paychecks to those Credit cards. Now working on my student loans! Time to knock that out. It feels so good to get those credit cards off my back.
"Quit trying to be roommates when you are married." Tell it, Dave.
Also for those who arent married living like their married
Interesting. Isn’t sharing expenses 50/50 acting like roommates? Shouldn’t the man provide financially and cover the bills, while the wife’s income is her own to spend/save? There is conflicting “advice” out there on this approach to finances in marriage. Any insight would be appreciated.
@@minimalassembly7893 sharing expenses 50/50 in as much as each person puts in 100% of their income, and both people have equal say in what happens with the money.
There is no hard and fast rule that a man has to be the sole provider, or that a woman should be given "spending money". These are outdated stereotypes, but the decision of what to do with the money is made unanimously by both spouses when they sit down together and make a budget.
Making sure future goals line up is key - if an *agreement* is made that so much money needs to be set aside for retirement, so much toward bills, so much toward fun spending, etc, then that is a good budget. Agreeing on what the goals are & what to do with the money is KEY.
Thanks for the explanation.
@@minimalassembly7893 advice. When you are married, the pastor says you are now one. Yes, you are two people who have become one in everything. This is especially in the realm of finance. When you work together, you can tackle debt, or whatever money issues that may arise.
I got serious when I found Dave Ramsey and he opened my eyes to the mess I and only I was creating. He changed my life forever. Thank you, Sir!
Mine too Craig!
Same. I feel like such an idiot lol
@@heatherstacy2976 So do I. But that's the first step: admitting that we are idiots and that we have a responsibility to fix this mess.
The quality of this content is incredible. Every human on earth should watch this.
Agree. Genuine and valuable.
Nah wrong. Only apply in the US. Not everyone on Earth spends money like Americans
I wish my ex could watch this!
@@TienHuynh5312 It's a lot about habits, attitude and perspective; not necessarily dollar and cent. Eastern Europe here, I tell everyone about Dave. Have a constructive day.
@@TienHuynh5312 it still applies
1:33 1. Budget
3:00 2. Stop using debt
4:40 3. Get serious about saving (have an emergency fund)
6:03 4. Stay the course w/ investing
7:15 5. Find ways to spend less
8:00 6. If married, combined checking accounts. (Dave has a rant here)
10:56 7. Get on same page with spouse goals and fears
12:30 8. Stop comparing yourself to others
14:55 9. Focus on your behavior 80% results are based on behavior. Another rant here.
17:40 10. Live on less than you make.
“It’s not going to be easy. Ever.”
It gets easier as you “do it” more and more!
So true!
So true...just listen to their advice...its great not having c/c debt...no car note..just saving for retirement, living on less..seeing it every month and paying extra on the mortgage to go from 30 yr to be paid off in 5 yrs in 2026 before I turn 60!
Thank you💖
I love all the good, down to earth advice that really works. I just saved $37 by calling my auto policy and cell phone companies to complain about their rising fees and they both lowered their rates to keep me as a paying customer. I would add: Check your bills and accounts often for errors and hikes in auto pays! I love Dave and Rachel. Thank you so much!
Started budgeting in Dec 2020. I does help me to spend less money and think about what I need to pay. God help me to keep it up! Happy New Year 2021!
This the last month I will have a car note. Ty Jesus.
Way to go, proud of you!
@@johnstown2451 ty.
I forgot to brag on God it will be 21 months early.
@@Rashaadthegr8 Congrats, that is awesome!! Question: What method did you use to pay it off that early? I'm trying to do the same.
@@keishakei7872 I explain it fully on my channel. But layman's terms I put pretty much everything I had on the car and side hustled. There's months where I could only do the minimum payment one month I went high as $1673. I also had family support for other bills.
My favorites here: 1. Live on less than you make. 2. Develop your savings muscle 3. Stop comparing yourself to others. Shared video.👌💟
"If your broke friends are making fun of your financial plans, you're on track" only Dave Ramsey. Love it!!!
Love seeing Dad Ramsey. His tone changes a little bit with his daughter.
Absolutely. I love seeing the pride he has towards his daughter.
I like that he is humble enough to recognize that this is his daughter's show and he lets her lead, as he should.
Daughters are the best! I have two of them and they are making me a better man.
She is a nobody with out DR as daddy
She did a bum commerce degree. She is nothing without him.
I love that dad of yours. He was one of many that saved my life-in the financial disaster I was in. In his gentle, honest, firm mannerism he swooped in like a knight in shining armor. Dave Ramsey well the word respect comes to mind.
Such a great team! Dave helps us see the stupidity of our selfish decisions and Rachel helps us have compassion!
I used the advice from Dave last year and now we are debt free and have an emergency fund and investment savings - thanks Dave
I can't believe how much money I've saved by ordering my groceries online and going to the pickup. I don't spend extra on those impulse buys. I make a grocery list according to what we need in our home and then only buy those items. I used to spend anywhere from $200-$300 per week on groceries and consumables. And my budget has always been $125.00 - no more than $150.00. Ha! That never happened! Now, just today.... I only spent $140.00! $10.00 under my max budget! That's a win for me!!!
“Happen to life don’t let life happen to you” it’s one of my favorite quotes for living an intentional life. It’s not always easy living intentionally but it’s so worth it!
My husband and I are in full gazelle mode and on track to pay off $22,000 on our last debt! We have a family of 6, on a strict budget and we CAN NOT WAIT to do the debt free scream one day!!
my retirement savings bottomed out at 66k. end of the year they were up to 102k. glad I stayed the course
I am so thankful that I found you guys, I wish I could express how much financial peace university has help me and my family to be debt free. It is the best feeling in the world. Than you so so so much. Best wishes for 2021.
I love to see a family work together. It gives me hope.
My husband struggled with comparing to others. Our neighbors were getting deliveries everyday. I told him, you don’t know if they are using debt. I reminded him of our dreams. The next week another delivery came. I asked are you all remodeling? He said yes but now he is struggling because of the bills. After he went back inside, my husband said your right again. Lol I said all that is important is we are on track
When I made a financial commitment to myself...I felt stronger and I didn't care how others felt.
Amazing 2021 kick off episode , these ppl changed my money life thx 🙏🏻
My financial goal this year is to max out on 401k and IRA, change job and get to a six figure salary finally. Hoping to raise my net worth to 200k. Let's go!!
If you're investing 15 percent of a 200 k income, your gonna need to find more places to invest the remainder after you max your other accounts. Great problem to have! Good luck!
Best of luck!
You guys are amazing, THANKS a million times for changing our lives for the better, currently working on baby step 6 and I'm glad that my husband and I combined our finances in December and hearing this message my heart is filled with joy knowing that I got this one covered, God bless you with more wisdom to continue to inspired people to change their ways to help not only themselves, their marriage their families and to help others, my new motto will be to remind myself that I'M NOT A FOOL 🙈🤣 Happy 2021 you guys ❤️🙏 Love and Blessings from New Zealand.
Rachel and Dave Ramsay Thank you for this New Year video. Yes, I will continue challenge myself to stay focused. New year and New plans.
Thank you very much! HAPPY NEW YEAR!
Dave, you are so right, Marriage is a combined life, not just roommates.
Yep. All in, or not at all. I think one key reason why so marriages fail is because people want to have one foot in, one foot out, then realise it does not work that way.
Thank you both for changing people's perspective on budgeting and saving.
Agree!
Why would anyone compare themselves to other people? Love who you are! I agree, love your life, not theirs.
Love this..... bringing such awareness to my spending habits and what drives my spending... and now, what inspires my saving.
#1 - budget #2 - NO to debt #3 - save! #4 - stay the course investing #5 - find little ways to spend less #6 - combine checking accounts (married) #7 - get on the same page as spouse #8 - stop comparing to others #9 - focus on your behavior #10 - live on less than you make
Financial advice = marriage advice! Amen! The 2 become 1. If you can't trust each other with $, you can't trust each other period
Yay for combined accounts! Definitely agree! It's so weird when I hear totally committed couples talk about how they split their bills and try to make things equitable. Seems like so much work!
Yes! Dave’s words on marriage. Truth 🙌
It's always endearing to see how compounding works even in family upbringing.
I love the teachings here, thank you.
Love this! Not only you're out to help people with their money you're out to save relationships and teaches that we can work together on this! Thank you Dave Rachel!
Great episode. I love it when they are doing a segment together.
I love how Dave sees his daughter. Proud Dad! Love it!
Such a great episode!!! Love seeing you two together!!
Thank you Dave! Ur vidoes have inspired me alot!
Happy New Year Ramseys & Cruzes!!
So amazing both !!! loooove it !!! cheers from Spain !!! what a bless to see a daughter and father dynamic like that .
So grateful to your dad found him last yr and really buckled down with money ,budgeting debt and now as of February will be debt free .
Beautiful thank you for such an empowering show. Thank you so much.
Paid off $58k in 8 months!! Thanks to u guys!!
My daughter’s just 2 and a half months old right now. I can only imagine how incredible Dave must feel 👍
fave comment💕🎶⛱😌
So sweet! Only a king can raise a princess. The pride begins each time she looks up to you and your eyes meet 🤩😍😘
You guys changed my life in 2020. Thank you 🙏
Thank you Dave and Rachel!
No cable for tv ..saving 140 month
Thanks to you, our life has changed! Thanks a lot!!❤❤❤❤
Like you both and following your teaching from Europe ! May God bless each of you and entire Ramsey company !
Great way to start a new year! Nice to see you two. My wife and I are doing GREAT after Financial Peace University. :)
I completely agree on combining chequing accounts!!! My husband and I did this from day one. In addition, my spouse and I give each other the same monthly allowances. We can save or spend it on whatever we chose with no judgement.
Reinforce my change, stay the course we can do it. When I was in the military the old veterans would say most of the stuff you buy now you won't need, focus on your needs.
Thank you to both of you.
Thank you to Rachel Cruze, Dave Ramsey and Chris Hogan for giving me to motivation to take responsibility for my financial future. I paid off the rest of my student loans the other day. I wanted to get rid of it. I'm not going to wait for the government to forgive my loans if that ever happens. I got my stimulus check this morning and deposited it to my IRA account. I rarely shop at Sephora nowadays. I only shop at Sephora to only replace a product that's used up.
Well done. If the last year has taught us anything, it is that the government is a fickle friend and a terrible enemy.
We get Grace, Amen
Thank you for your honesty!
Great information Rachel!
I agree with previous post....I got ALOT from this video..thank you.....BUT....what touched me the most is SEEING the father daughter dynamic. That somehow taught me more than the actual content. Love you guys. One day I'll meet y'all.
Thanks for your videos. I would love to see some of them in Spanish, at least the basics, like baby steps. I've learned a lot from you and I would love to share them with my boyfriend and our families but its juts not the same when I translate than when they can watch them from the source. Happy 2021.
He should definitely add a sister channel for the Spanish-speaking market
Thank you both...alot of positive help
Thank you for you message of hope that will come with change. I've been following Dave Ramsey for 15+ years and have introduced my brother and sister in law and husband to these principles which we all practice. We saw Dave in Las Vegas 5 years ago. Thanks so much to Dave for sharing these principles in an affordable way and for Rachel's soft presence in sharing a feminine take on leveling up in financial fitness!
I noticed that spenders always want to combined finances with savers. It’s not always black and white.
Yep, I am the saver and my husband is the spender......Drives me crazy!!!!!!!!!!
Need to learn to earn into a spender person.
I so appreciate your transparency!
Great video!! Thanks for the tips!!
Thanks guys!
Loved that rant about marriage!! Spot on!!
Me and my spouse have a joint account for all joint expenses as well as individual accounts. We both make the exact same amount. So far this works well for us. I would like more tips on having a joint account.
Great job!
My thought is when you are married, every single expense is a joint expense. Even the "fun fund" my wife spends (I spend mine too) is both of our money.
I love the different dynamics between you two 😂
you both are amazing and give us great advice..thank you thank you from the bottom of my heart
Wow,thanks so much! 🎄🙌☃️💖💝🙏👍🤗
I love Dave Ramsay's cash envelopes system
Well these are so good. Changing habits regarding money this 2021!
I appreciate you sharing with us. Thank you
This was a great chat with you and your Dad Rachel. Thanking God for finding you in 2005 when I first got married. I continued on and my husband fell off...that is okay because I know this works and I am in a far better place than I could be.
Great information! Words to live happily by.
When I THINK I'm on a budget Rachel says, "Get on a BUDGET!" Then I'm like, "Ohhhhhhhhhh you meant budget, budget." 🤔
Now that was funny! Yes Butler a budget budget🤣🤜🏽
😂😂😂
I love the fact your dad is on the show, I’ve learnt so much from him
I love both of you together. Rachel has grown into her own person and it is so cool. I enjoy watching calls with both of you on them.
Hi Rachel! I started following your dad this year because COVID destroyed my husbands industry. We took a $4000 a month pay cut. We are selling our house to pay down our debt & are just beginning the getting debt free process. So glad to begin this journey & I appreciate your family's guidance.
Super advice! I’m living by about 85% of this and on my way up! Thanks for your wisdom.
Excellent! Love Rachel too!! Dave is awesome too! Dave is the best because of his maturity but Rachel knows the game
Finding FPU was the best thing that happen to us in 2020 and then listen to all of Dave's personalities on here and radio..
Rachel Thank you So much. I love your book " Know Yourself , Know your Money" You're a Beast. U also taught me how to Have" Grace " and how to learn from my Money mistakes And to give w a open Hand. Thank You
I love how Dave talks... so easy to understand
I’m glad I came across this video; Mr Ramsey you literally preached the words I needed to hear sir.God bless
Thanks David Ramsey and Rachel to sharing good ideas as always precious .and also it's very helpful tips thanks for sharing guys keep it up good work and God bless you guys.
I just stumbled upon this channel. I'm hooked!
Love Dave Ramsey rants ! He’s the best ❤️