Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
Retired early with no savings but (by God's mercy only) no debt, and we consider ourselves blessed. We chose to sell our five-bedroom, three-bath home, and buy a mobile home sitting on 23 acres centered in the middle of pine trees. We're on vacation every day so there's no desire or need to vacation elsewhere. Our trust in God has never failed us and you can trust him too. A little is much when God is your Savior.
I am glad you are satisfied with the simplicity of life. For at the end, when we leave this earth- we bring nothing with us. As long as you are debt free, live simply and happy, satisfied and blessed by our Savior- that’s all that matters.
@@MoKu932 Many are the trials and tribulations John 16:33 so I know how quickly life can and will change and you're correct we will take nothing with us. For now, I am enjoying the lull. ❣
I will have baby step 1 completed by next week. Baby step 2 will be completed by November and then I’ll be ready for baby step 3. Add to my emergency fund. I’m so excited 😊
I am learning quite a bit. Only if I would have heard of Dave 25 years ago. 🙏🏽 52 year old divorcee, I kept my home, no debt. Unfortunately, I pay $1, 000 in alimony. I was married to someone who didn’t believe in SAVING money and spent way much more than she earned. I was always working hard to provide for my family, but she never appreciated it. I have one goal right now in paying off my mortgage. I hope I am doing the right thing. My interest rate is 2.99%, but I have decided as of next month I will start paying extra to principal to pay it off, so I can retire without a mortgage payment.
But God can take it away. We can’t take the wealth with us when we go. Not sure why he’s hanging onto that much wealth ! As a Christian this doesn’t make sense.
I also owned lots of acrage in 2 states, my husband divorced me and all was lost. I am ready to retire and still broke.😢 Not everything turns out as we planned. I had a lot and now nothing. My ex went bankrupt and that hurt me for 10 years I had no credit. All while being diagnosed with cancer having two major surgeries, and just having the clothes that I had and my car. So how is that for a sad story, I thought we had it made, our future was secured. I depend on the grace of God.
@cjhoward409 Christians get money to help other people not to die with the most money. The LOVE of money is wrong. Having money is not wrong. That is an excuse people use to explain poverty.
@@cjhoward409absolutely God can take it all away! We should hold our wealth new sleep. I will say that having well run rental properties available is a blessing to so many people though! Getting evicted because your landlord mishandles his finances is no joke!
So glad I found you so early in life. I'm 19, getting married in 8 days, and "only" have one form of debt that we are paying off by April of next year or earlier. We budget, we live on less than what I have make, and we will contribute 15% of our income after the debt is paid off. By the time we're 65 we will have 10 million in retirement
I hope you have great health until retirement. You are young and there are many situations that come your way that you have no control over. Even death. I am 70 years old and a nurse in my younger years. I wish you well.
Tiffany & Kyle - perseverance & discipline - and becoming debt free on a modest income. Their journey reminds of Jacqueline's journey (2 weeks ago) and how she paid off her house & debts on a modest income. These examples are far more inspiring than 'big debt canceled by huge income'
Thank you! We totally agree! We've been saying how ours is the story that we'd been looking for on this journey! I hope we can inspire others to do the same!
The story that begins around minute 2 & ends around minute 9, is exactly what I needed to hear. The focus after the baby steps. Now I'm refocused! Thank you for the inspiration! No bankers involved!!!!
Engaging in an individual option is fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
A lot of times, people know what they should do. They just don't want to plan ahead. They want what they want now, and they can't give up what they want now to plan ahead.
“I have a PHD in D.U.M.B”😂oh I wish Dave would do a class or book on real estate for dummies! And investing! He explains and describes so anyone should be able to follow. Love his style!
So I'm truly a 48 yr old nobody I feel that lost my entire family except my 25 yr old child. I make 65k a year then in the spring through summer I do mowing lawns on top of my full-time job. Bring about 500.00 a month for that have no savings I rent own my car have about 4k in credit card debt and just feel like I'm worth absolutely crap to the world 😢. I found you about a few weeks ago Dave and love your videos but have no clue where to begin in my life. But still smile along with you all on the silly things us humans do to ourselves and truly enjoy your shows thanks God bless Dave!😊❤
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.
Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@@anniezeng4587 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
@@anniezeng4587 I am extremely grateful to hop on this success journey and also ready to accept the VOLATILITY..I did find her page on the web and also proceeded in scheduling a call.
Dave… I’ve faithfully listened for decades and with a break coming back to these shows, I was delighted to hear your familiar voice… It’s SO ODD to hear you, Dave, doing ads! What world is this? 😂 Digging the music
I remember Robert Allen. I bought both of his books and even went it his seminars. Someone was looking out for me though because the banks would never lend me the money to buy properties. 😄 It saved me a lot of heartache.
When I listen to Dave … I feel for his callers … gladiator slaves going into a roman arena like situation …waiting for Cesar thumbs up 👍 or thumbs down 👎…. Thx 🙏 to their courage and Dave incredible ethics … I see through the Grrr and yapping … so much compassion coming from Dave and his companions … I am a recent widow .October 6 2022. Broke, but not broken… Thank You so much for what you do !!!
Hi! I just want to encourage you. My husband died Feb 2022. We followed Dave's plan together. I'm not broken either. I'm here for you. I'll cheer you on. This is hard enough to go through with out my husband. But I know Dave's principles help me tap into a peace that is just incredible.
📌 I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
I met Chrissy Barymoer last Month for the first time at a conference in maryland, I invested $18,500 and traded one month with him making close to $128270
. Having a perfect manager like Chrissy Barymoer has saved me a lot. It's high time I do what's right and recommend him to everyone He is on Facebook “
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $45,000 equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Regardless of whether you're a wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an eBay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money.
I agree. Based on personal experience working with an investment advisor, I currently have $885k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
is a regulated broker and thus available to the public. Just search her name online and check out her website, then mail her for information concerning her services.
Dave Ramsey is the only presenter who truly knows what he’s talking about when he advises callers. He listens thoughtfully and actually helps them. The other young presenters are very good at repeating what the 7 baby steps are but otherwise, they don’t have the wisdom that he has. Perhaps in time.
It's tough for sure. Maybe you can motivate him gradually over time if he is a brick wall. Easier if you share a bank account. Make a savings labeled as Emergency so he can see. Downsize your car so you can move money into it. Make him aware why you are doing it and that it's for you both and your family. Ask him to match your monthly input too. Make a Vacation savings and ask him to match your input there too. Be specific and ask him to move $50 to X account on Y day. Some guys can't break down anything vague into an actionable item. Vacation savings could make him feel good if he likes vacations. Sometimes people mirror their partner's goals and hobbies without realizing it. Best of luck.
@icawn thank you. I've done all n these things already. We both have access to the bank accounts. I'm doing the steps anyway but I wanted him to come along with me. I'm happy to drag him if need be.
That's right! Amen and amen! People need to take control of their money. If you want to be a high earner that's your right. Normally people control how much they spend and how much they make. Usually their finances and financial information is not a public affair. As a Christian, I have had businesses and people blatantly play with my money, impose limits on it without legitimate reason, and I feel it is all tied to something satanic or evil. I appreciate videos like this, where its ok to discuss financial growth and gain. I appreciate people that don't make money a male or female issue, but a human means to better living! Thanks be to Dave Ramsey!
3:30 Keep the condo, a.k.a. buy-and-hold. Dump the expensive car. Get a $10,000 A to B car. Sacrifice and save, live below your means and invest. That's equally good advice.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
72 no debt at all... thanks Dave for your suggestions. Went back to work for the challenge and fun of it. Doing restoration of a 120 beautiful camp in VT. Not mine but the owners are great.
Walk in, walk out, and just assume the store charged you the right amount...yeah, not going to happen for me. I'm 72 and I lost track of the number of times stores have tried to over charge me. The man wanting to know how much to spend on a second home: A $2.5 million "second" home is not going to be the wife's "second" home. And your early retirement is going to be postponed. She hasn't told you yet, but you're moving.
When it comes to all of this, I personally pay off debt while saving money. Anything can happen like this pandemic. So to put all my money towards debt is a no go. We need to be teaching how to get out of debt and save money for pandemic emergencies. I have $50,000 of debt, while saving for a house to pay for a $500,000 home flat cash. I put $2000 into the debt per month, $1,500 on living expenses and $7,500/month saving for the home. I will be ready to buy my home flat cash January 2025 and I feel good as ever even with $50,000 of debt!
Why would you choose to pay interest on a 50k debt for more than 25 months, when you could have paid it off in 6? If you had thrown 9500/month at the debt 7 months ago (when you wrote this) if would be gone, and you could be putting 9500 toward your home now. Personally I’d rather not pay any more interest than necessary.
There is good debt… if you have debt at 3% but invest your capital in market and make 9%, your debt is good debt. Dave Ramsey isn’t an expert in finance.
Dave did not hear the question for the second caller. That seemed so rude. Especially for one that had been so hurt from a divorce. At least hear him out Ramsey...
Tom better NEVER go into a nursing home. Hire an incredible nurse for you & your wife when that time comes. Nursing homes kill. What an amazing net worth! Good for them.
I told my father-in-law about us needing a bigger vehicle now that we have 6 kids. My current vehicle is paid for plus we have some to cover extra cost after trade-in. My father in law says we can't find a good car without getting a loan. I said I will! 😊
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
Or he could have some kind of social disability. There are people who are autistic and brilliant, and can make a lot of money in a job that requires technical expertise, but struggle to keep a home life on their own.
It is difficult to know what he did, but if it’s true he has a decent paying job to cover child support and alimony, six figures. He cut his expenses close to zero by living out of his car and became obsessed with saving and investing. After the Covid drop in the stock market, it’s been roaring forward. To reach a million in four years, he probably did not start at zero and sold all his possessions when homeless saved and invested like crazy. A lot of assumptions 😂
If it was something like real estate or some high paying tech field he could have been making 200-350k a year, and living with relatives, sounded like he was living on very little *Edit* plus, I feel like when he said 'almost on the streets' it meant he lost the house and went thru a genuinely hard time, but I don't think his account was ever empty
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. I have accrued over $120K under the guidance of my coach
My advisor is *Alicia Estela Cabouli* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
I think I’m the exception to the cash-pain rule. I’ve operated using my debit card/online banking pretty much my whole financial (over a decade) so I “feel” it more when I see the balance go down with each transaction. Cash almost doesn’t feel real to me since I so infrequently use it! 😅
The caller never said he was making a ton of money on having the car debt, he said it made sense, which it does. $1,000 per year is nothing to sneeze at. I make a high income and would love an extra 1k per yr.
Hey everyone! Since i started following The Ramsey show I've been a member of this amazing society of investors for a while now, and I can't articulate how much it has transformed my life. We're not just here to earn money; we're here to uphold one another, grow collectively, and rejoice in every stride toward our financial aspirations.
Growing up I had no financial guidance. Once I entered adulthood, I was in debt city for years because I thought having job to pay the bills was enough. We'll I lost the job and everything with it (apartment, car, credit rating, friends, and everything g else that's wasn't on my back). I cashed out my 401k just to survive day-to-day on the street for 19 months. That experience taught me valuable lessons and it changed my behavior forever. I'm employed and I am debt free. I look back on those days to never forget the road I traveled to have contentment. God forbid if I should lose my job again. But thank God it would be the only thing I would lose. Emergency fund of 5 years till I found something else.
5 місяців тому+1
Definitely buy some land to enjoy as a family retreat. The memories will be priceless. Another idea instead of just buying land for grandchildren, set up a trust for them. Invest a set amount, have it worked so they get scholarships to pay for further education in whatever field they want to work in, When the youngest grandchild is, say, 25 years old, divide what is left in the fund evenly amongst all the grandchildren. My grandmother actually did this for her great grandchildren. The 18 great grandchildren each received $25,000 , after a number of them withdrew from the fund - that’s $450,000 total. And the starting amount was around $20,000, invested wisely. 1990 to 202. If you did this for your great grandchildren, then you could also do a gift to each grandchild of a set amount to help them buy a house, etc.
My books will be here today. The three pack with the main book, workbook and baby steps book. I haven’t started anything. My finances are a mess. I just decided I can’t do this anymore. Now to figure out how and what to budget so I can put money to debt then savings. I’m a researcher. I’m not getting anything accomplished but I want to read your books. In the meantime I’m just trying to focus on spending less and finding knowledge. Next month I want to start the budget, track every expense etc and start paying more on debt. At this point still trying to figure out what my budget is so I know what I have. I have the app from your website and I’m filling it in. My expenses are hard reality checks. In a good way. Hope I’m on a good start. Then I will sit my husband down and discuss it with him. He needs to see total plan and results. Not just me having an idea He knows I want too.
@@FranciscoHernandez_2816 it’s the implication that he’s not being an adult. When there’s no real reason for people to split just because they have the means to. It’s a nitpick is all.
"I own $50-$500 Million worth of real estate"... Google says net worth is "roughly $200 Million"... Conclusion: When you own all your stuff outright, your net worth isn't public information.
I can tell how irked DR was listening to the lady with the cleaning business when she mentioned the budget mama on TikTok or as DR would call it TikTac, 😂
There is a Difference between leveraging and over leveraging. Dave went from 1 extreme to another. If you are smart, careful and calculated you can leverage and make money relatively safely.
Budget...we have been on cash purchases for gas/groceries/date night/personal spending for almost 17 years. Still pay with cash. Today I was uncomfortable when I paid $3.25 for gas for my jeep ...even after BS7 for 2.5+ years. Cash makes me think.every.time.
@@donaldlyons17 it makes me think about the money leaving my hand, never to return. Asking myself, do I REALLY want to make this purchase. Instead of when I used a credit card I never thought about spending money and how it would affect our networth or retirement years.
Congrats to Kyle and Tiffany and the handsome boys!!! That is fu$%ing amazing!!! Debt free and home owners and the young age of 31, I wish I knew how that felt!
So I've both made and lost money with interest arbitrage. The reason it's best to avoid it all together is that nobody lends at a discount without strings. Car dealerships offer low rates because they are ripping you off on the upfront cost.
Tom’s awesome!! 👏 what a great example that you can make $55k, and If live simple and frugal and budgeting and invest, can have 6 million!! He’s awesome!
Never been more tempted to get a car loan as now. 2015 odyssey broke down on the side of the highway in the mountains with little to no cel service with my wife and three daughters
We want to know more from the homeless to millionaire caller. That call was prematurely shut down. What did he do to make a living and how did he achieve millionaire status in 4 yrs 🤷🏼♂️
Guy was paying alimony. Seems like he had a income. Probably homeless due to losing his home in the divorce and getting slammed with child support and alimony.
Thank you so very much dear Dave Ramsey! Your books and radio and tutorials/ speeches have gotten me completely out of debt and I've more $'s than ever! (I'm putting it all in a trust for my grandchildren! )
The best Ive seen is up to 20k at 7% but you have to jump through hurdles to keep that apr every month. a simple high yield savings can get you 5% (laurel road).. still only 1800 a year on 36k, minus the $648 the car loan is costing him at 1.8%... 1200/year net by not paying it off? Id take it, and invest the earnings each month with my month retirement contributions... why not?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
Could you possibly recommend a CFA you've consulted with?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Retired early with no savings but (by God's mercy only) no debt, and we consider ourselves blessed. We chose to sell our five-bedroom, three-bath home, and buy a mobile home sitting on 23 acres centered in the middle of pine trees. We're on vacation every day so there's no desire or need to vacation elsewhere. Our trust in God has never failed us and you can trust him too. A little is much when God is your Savior.
I don’t know what what what w
I am glad you are satisfied with the simplicity of life. For at the end, when we leave this earth- we bring nothing with us. As long as you are debt free, live simply and happy, satisfied and blessed by our Savior- that’s all that matters.
@@MoKu932 Many are the trials and tribulations John 16:33 so I know how quickly life can and will change and you're correct we will take nothing with us. For now, I am enjoying the lull. ❣
Yes....beautiful Testimony ❤
You are blessed.
THANKS FOR HELPING ME GET OUT OF DEBT. PRAISE GOD.
I will have baby step 1 completed by next week. Baby step 2 will be completed by November and then I’ll be ready for baby step 3. Add to my emergency fund. I’m so excited 😊
Keep up the good work.
Good for you!! Keep going!!❤
@@MikeThePike316thank you 😊
@@justinewhite-hadley3138thank you very much 😊
🏆🏆🏆
Listening to this show to keep my debt-free resolve strong. Right now my duct-taped together car runs just fine 😂
Mine is missing two hubcaps but she hasn’t broken down on me once 😂
Yep and you own it , that means alot in our financial world.
Dude there is levels to this shit, step up a level to cable ties, 😂
I am learning quite a bit. Only if I would have heard of Dave 25 years ago. 🙏🏽 52 year old divorcee, I kept my home, no debt. Unfortunately, I pay $1, 000 in alimony. I was married to someone who didn’t believe in SAVING money and spent way much more than she earned. I was always working hard to provide for my family, but she never appreciated it. I have one goal right now in paying off my mortgage. I hope I am doing the right thing. My interest rate is 2.99%, but I have decided as of next month I will start paying extra to principal to pay it off, so I can retire without a mortgage payment.
Same here. I was gonna get myself a scat pack financed. But now I’m good and happy with my 2010 dodge charger 😂😂
I grew up in Nevada, and I had a high school teacher that would tell us that gambling is a tax for the mathematically inept.
Dave said “they ain’t taking this one”. I love it. Owning lots of Real Estate and it’s all paid for. I want to be there one day.
Me too!!! 😃
But God can take it away. We can’t take the wealth with us when we go. Not sure why he’s hanging onto that much wealth ! As a Christian this doesn’t make sense.
I also owned lots of acrage in 2 states, my husband divorced me and all was lost. I am ready to retire and still broke.😢 Not everything turns out as we planned. I had a lot and now nothing. My ex went bankrupt and that hurt me for 10 years I had no credit. All while being diagnosed with cancer having two major surgeries, and just having the clothes that I had and my car. So how is that for a sad story, I thought we had it made, our future was secured. I depend on the grace of God.
@cjhoward409 Christians get money to help other people not to die with the most money. The LOVE of money is wrong. Having money is not wrong. That is an excuse people use to explain poverty.
@@cjhoward409absolutely God can take it all away! We should hold our wealth new sleep. I will say that having well run rental properties available is a blessing to so many people though! Getting evicted because your landlord mishandles his finances is no joke!
So glad I found you so early in life. I'm 19, getting married in 8 days, and "only" have one form of debt that we are paying off by April of next year or earlier. We budget, we live on less than what I have make, and we will contribute 15% of our income after the debt is paid off. By the time we're 65 we will have 10 million in retirement
That's great thatnyou hve your head on your shoulders.
That’s awesome. Now you should graduate to The Money Guy show. 😉
You won't have 10 million...they are going to collapse the dollar before that...
No joke!
Wish I had known this at age 20. Congratulations!
I hope you have great health until retirement. You are young and there are many situations that come your way that you have no control over. Even death. I am 70 years old and a nurse in my younger years. I wish you well.
"Me and God, we managing this." this IS the message.
“Me and God, we’re managing this” I love it!!
Only thing missing was the mic drop 😊
Amen!!... Love it!
I love Dave He is so honest n so blunt.
Tiffany & Kyle - perseverance & discipline - and becoming debt free on a modest income. Their journey reminds of Jacqueline's journey (2 weeks ago) and how she paid off her house & debts on a modest income. These examples are far more inspiring than 'big debt canceled by huge income'
Thank you! We totally agree! We've been saying how ours is the story that we'd been looking for on this journey! I hope we can inspire others to do the same!
George’s smile as Tiffany and Kyle told their story was wonderful. I still fight tears when I hear debt free screams, especially this one.
The story that begins around minute 2 & ends around minute 9, is exactly what I needed to hear. The focus after the baby steps. Now I'm refocused! Thank you for the inspiration! No bankers involved!!!!
Engaging in an individual option is fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
can you explain in full the options you’re into...
I just searched *JENNY PAMOGAS CANAYA* out of curiosity, her profound dexterity looks too ideal for everyone on board!
I am amazed by this, it has rekindled the fire of my goal
That's why people ask the question. JUST DONT MAKE PEOPLE FEEL STUPID. ANSWER THE DAMN QUESTION, THATS WHY THEY CALL.
A lot of times, people know what they should do. They just don't want to plan ahead. They want what they want now, and they can't give up what they want now to plan ahead.
“I have a PHD in D.U.M.B”😂oh I wish Dave would do a class or book on real estate for dummies! And investing! He explains and describes so anyone should be able to follow. Love his style!
Kyle and Tiffany are dear friends of mine and I could not be happier for them! Congratulations you guys, I got teary eyed 🥹💙
They're killing it! Awesome indeed.
$50,000 a year income with a paid off house, amazing...
I don’t even know them but I got teary eyed…So proud and happy for them…
So I'm truly a 48 yr old nobody I feel that lost my entire family except my 25 yr old child. I make 65k a year then in the spring through summer I do mowing lawns on top of my full-time job. Bring about 500.00 a month for that have no savings I rent own my car have about 4k in credit card debt and just feel like I'm worth absolutely crap to the world 😢. I found you about a few weeks ago Dave and love your videos but have no clue where to begin in my life. But still smile along with you all on the silly things us humans do to ourselves and truly enjoy your shows thanks God bless Dave!😊❤
Have a Dave Ramsey Coach… I use Cathy Schmeltz… I am already saving 1,000s.
I love George and Rachel together best. They are a hoot!
Hootie Hoo
That's Dave, not Rachel 🤣🤣🤣
@@Nigrifflol
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.
Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@@anniezeng4587 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
@@selenajack2036 The advisor I use is Mrs Marisol Cordova, she's actually quite known, so you could just search her.
@@anniezeng4587 I am extremely grateful to hop on this success journey and also ready to accept the VOLATILITY..I did find her page on the web and also proceeded in scheduling a call.
Dave… I’ve faithfully listened for decades and with a break coming back to these shows, I was delighted to hear your familiar voice…
It’s SO ODD to hear you, Dave, doing ads!
What world is this? 😂
Digging the music
I remember Robert Allen. I bought both of his books and even went it his seminars. Someone was looking out for me though because the banks would never lend me the money to buy properties. 😄
It saved me a lot of heartache.
he was selling snake oil, it was working as long as he could get pay his notes, eventually the debt load got too big
When I listen to Dave … I feel for his callers … gladiator slaves going into a roman arena like situation …waiting for Cesar thumbs up 👍 or thumbs down 👎….
Thx 🙏 to their courage and Dave incredible ethics …
I see through the Grrr and yapping … so much compassion coming from Dave and his companions …
I am a recent widow .October 6 2022. Broke, but not broken…
Thank You so much for what you do !!!
Hi! I just want to encourage you. My husband died Feb 2022. We followed Dave's plan together. I'm not broken either. I'm here for you. I'll cheer you on. This is hard enough to go through with out my husband. But I know Dave's principles help me tap into a peace that is just incredible.
A smart person learns from their own mistakes, a wise person learns from the mistakes of others. Dave is the ultimate example of this.
How adorable is the picture of that little boy holding the money from his lemonade stand sales?! that was so inspirational!
I absolutely loved that little guy too. What a champ!
📌 I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
Hello, I’m 56 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
I knew someone would mention Chrissy Barymoer, he is perfect in helping beginners grow. I would not recommend anyone else.
I met Chrissy Barymoer last Month for the first time at a conference in maryland, I invested $18,500 and traded one month with him making close to $128270
.
Having a perfect manager like Chrissy Barymoer has saved me a lot. It's high time I do what's right and recommend him to everyone He is on Facebook “
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $45,000 equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Regardless of whether you're a wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an eBay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money.
I agree. Based on personal experience working with an investment advisor, I currently have $885k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Graciela Lynne Schriewer she is behind my success!
is a regulated broker and thus available to the public. Just search her name online and check out her website, then mail her for information concerning her services.
Dave Ramsey is the only presenter who truly knows what he’s talking about when he advises callers. He listens thoughtfully and actually helps them. The other young presenters are very good at repeating what the 7 baby steps are but otherwise, they don’t have the wisdom that he has. Perhaps in time.
Except for his 8% withdrawl nonsense. He gonna ruin sone lives out there.
I don't know. I see the Kamel guy paying close attention to the numbers that are presented, and finishing Dave's sentences sometimes.
I love Dave❤😂 He is so honest n so blunt.
I have to watch this show every day to keep me in track 😂
Same 😂❤
10:33 a wise man once asked: how did you become so wise? He replied: by watching people, every stupid thing they do I avoid it.
My brain must be wired differently. I immediately feel pain when I check my account and see the red deduction!
Same, when I spend cash it doesn't change the number on my checking account, so I feel like I didn't spend anything
I am ALWAYS delighted to hear Dave's voice of reason, faith and common Sense w/out pain.
They're the epitome of the couple who "persevered"!!
Ecclesiates 9:11
Trying to follow the ramsay method with husband thats happy with how we live now. In debt but not in trouble and still living like we are debt free 😔
😢😢😢😢
It's tough for sure. Maybe you can motivate him gradually over time if he is a brick wall. Easier if you share a bank account. Make a savings labeled as Emergency so he can see. Downsize your car so you can move money into it. Make him aware why you are doing it and that it's for you both and your family. Ask him to match your monthly input too. Make a Vacation savings and ask him to match your input there too. Be specific and ask him to move $50 to X account on Y day. Some guys can't break down anything vague into an actionable item. Vacation savings could make him feel good if he likes vacations. Sometimes people mirror their partner's goals and hobbies without realizing it. Best of luck.
@icawn thank you. I've done all n these things already. We both have access to the bank accounts. I'm doing the steps anyway but I wanted him to come along with me. I'm happy to drag him if need be.
That's right! Amen and amen! People need to take control of their money. If you want to be a high earner that's your right. Normally people control how much they spend and how much they make. Usually their finances and financial information is not a public affair. As a Christian, I have had businesses and people blatantly play with my money, impose limits on it without legitimate reason, and I feel it is all tied to something satanic or evil. I appreciate videos like this, where its ok to discuss financial growth and gain. I appreciate people that don't make money a male or female issue, but a human means to better living! Thanks be to Dave Ramsey!
3:30
Keep the condo, a.k.a. buy-and-hold. Dump the expensive car. Get a $10,000 A to B car. Sacrifice and save, live below your means and invest. That's equally good advice.
Sell car, pay off the investment condo off while living with girlfriend.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Lol scammers
A season of change for a lifetime of blessings!
72 no debt at all... thanks Dave for your suggestions. Went back to work for the challenge and fun of it. Doing restoration of a 120 beautiful camp in VT. Not mine but the owners are great.
Walk in, walk out, and just assume the store charged you the right amount...yeah, not going to happen for me. I'm 72 and I lost track of the number of times stores have tried to over charge me.
The man wanting to know how much to spend on a second home: A $2.5 million "second" home is not going to be the wife's "second" home. And your early retirement is going to be postponed. She hasn't told you yet, but you're moving.
Before Dave even had a chance to answer the Jason (caller)! I knew Dave was about to rip him apart 😂😂😂
Dave: "It's crap! Don’t do it!".
Me: "Yes, sir! I won’t dare! I promise." 😂
"We're going to get all up in your grill because we love you", spoken like a father, appreciate that
Hit home with the desperate to stupid and then broke! Currently, I am starting over now and wise. Thanks
When it comes to all of this, I personally pay off debt while saving money. Anything can happen like this pandemic. So to put all my money towards debt is a no go. We need to be teaching how to get out of debt and save money for pandemic emergencies. I have $50,000 of debt, while saving for a house to pay for a $500,000 home flat cash. I put $2000 into the debt per month, $1,500 on living expenses and $7,500/month saving for the home. I will be ready to buy my home flat cash January 2025 and I feel good as ever even with $50,000 of debt!
You have more discipline than many. Dave is far people like me with less ability to plan
Why would you choose to pay interest on a 50k debt for more than 25 months, when you could have paid it off in 6? If you had thrown 9500/month at the debt 7 months ago (when you wrote this) if would be gone, and you could be putting 9500 toward your home now. Personally I’d rather not pay any more interest than necessary.
When that guy told dave he had healthy debt, I laughed and said you've rang the wrong guy for that.
There is good debt… if you have debt at 3% but invest your capital in market and make 9%, your debt is good debt.
Dave Ramsey isn’t an expert in finance.
Good show. Taking notes. Paid off student loan in August. Thank God. It's worth it. God bless everyone.
We love ya Dave!
Also advice on being content with what you have is great advice and not comparing yourself to others
Dave did not hear the question for the second caller. That seemed so rude. Especially for one that had been so hurt from a divorce. At least hear him out Ramsey...
Long live Dave Ramsey!!
I'm using velocity banking and I am knocking out debt superfast.
I'll be able to pay off a 30 year mortgage in less than 9 years.
This is my fave debt free scream by far, not making mega bucks and hero’s of their finances. Very relatable and inspiring. Thank you for sharing
Tom better NEVER go into a nursing home. Hire an incredible nurse for you & your wife when that time comes. Nursing homes kill.
What an amazing net worth! Good for them.
They do.
Literally and they kill ypur will to live way before that.😊
@@turtleanton6539 They killed my dad. I was young & had no say in his care. It’s awful how they treat people
I told my father-in-law about us needing a bigger vehicle now that we have 6 kids. My current vehicle is paid for plus we have some to cover extra cost after trade-in. My father in law says we can't find a good car without getting a loan. I said I will! 😊
This is amazing. “How to build wealth”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
hints if you don't mind.
Whitney Kay Stacy
found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.
I felt the “if you’re good at it they give you the tougher kids” 😂😂
Tiffany and Kyle made me cry….so happy for them!!
This was a good episode gives me insight into how I can get into this game of wealth building and how I can play it better.
Why didn’t he ask how that guy went from practically homeless to millionaire in 4 years? Think that guy was lying 🤥
Yes! I want to know what he did/does so I can do it too!!
Or he could have some kind of social disability. There are people who are autistic and brilliant, and can make a lot of money in a job that requires technical expertise, but struggle to keep a home life on their own.
It is difficult to know what he did, but if it’s true he has a decent paying job to cover child support and alimony, six figures. He cut his expenses close to zero by living out of his car and became obsessed with saving and investing. After the Covid drop in the stock market, it’s been roaring forward. To reach a million in four years, he probably did not start at zero and sold all his possessions when homeless saved and invested like crazy. A lot of assumptions 😂
If it was something like real estate or some high paying tech field he could have been making 200-350k a year, and living with relatives, sounded like he was living on very little
*Edit* plus, I feel like when he said 'almost on the streets' it meant he lost the house and went thru a genuinely hard time, but I don't think his account was ever empty
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. I have accrued over $120K under the guidance of my coach
who is this coach that guides you, mind I look them up
My advisor is *Alicia Estela Cabouli* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I think I’m the exception to the cash-pain rule. I’ve operated using my debit card/online banking pretty much my whole financial (over a decade) so I “feel” it more when I see the balance go down with each transaction. Cash almost doesn’t feel real to me since I so infrequently use it! 😅
Same here. I watch my numbers go up and down with paydays and expenses. I definitely feel it when I pay out.
Cash seems to disappear in my purse. I keep close eye on my debit card balances.
Me too!!!!
I have a feeling the old guy buying the farm forgot to mention he was making 55k/year 30 years ago which is a little different lol
The caller never said he was making a ton of money on having the car debt, he said it made sense, which it does. $1,000 per year is nothing to sneeze at. I make a high income and would love an extra 1k per yr.
Sure but is it worth the liability? Personally, not even a little bit.
Hey everyone! Since i started following The Ramsey show I've been a member of this amazing
society of investors for a while now, and I can't articulate how much it has transformed
my life. We're not just here to earn money; we're here to uphold one another, grow
collectively, and rejoice in every stride toward our financial aspirations.
Growing up I had no financial guidance. Once I entered adulthood, I was in debt city for years because I thought having job to pay the bills was enough. We'll I lost the job and everything with it (apartment, car, credit rating, friends, and everything g else that's wasn't on my back). I cashed out my 401k just to survive day-to-day on the street for 19 months. That experience taught me valuable lessons and it changed my behavior forever. I'm employed and I am debt free. I look back on those days to never forget the road I traveled to have contentment. God forbid if I should lose my job again. But thank God it would be the only thing I would lose. Emergency fund of 5 years till I found something else.
Definitely buy some land to enjoy as a family retreat. The memories will be priceless.
Another idea instead of just buying land for grandchildren, set up a trust for them. Invest a set amount, have it worked so they get scholarships to pay for further education in whatever field they want to work in, When the youngest grandchild is, say, 25 years old, divide what is left in the fund evenly amongst all the grandchildren.
My grandmother actually did this for her great grandchildren. The 18 great grandchildren each received $25,000 , after a number of them withdrew from the fund - that’s $450,000 total. And the starting amount was around $20,000, invested wisely. 1990 to 202.
If you did this for your great grandchildren, then you could also do a gift to each grandchild of a set amount to help them buy a house, etc.
My books will be here today. The three pack with the main book, workbook and baby steps book. I haven’t started anything. My finances are a mess. I just decided I can’t do this anymore. Now to figure out how and what to budget so I can put money to debt then savings. I’m a researcher. I’m not getting anything accomplished but I want to read your books. In the meantime I’m just trying to focus on spending less and finding knowledge. Next month I want to start the budget, track every expense etc and start paying more on debt. At this point still trying to figure out what my budget is so I know what I have. I have the app from your website and I’m filling it in. My expenses are hard reality checks. In a good way. Hope I’m on a good start. Then I will sit my husband down and discuss it with him. He needs to see total plan and results. Not just me having an idea He knows I want too.
Being a millionaire and living with relatives? Let those people live in peace and go be a grown up already.
That’s totally a cultural based mindset tbh no need to get angry. Different people, different expectations.
Dude was a millionaire idk if you heard correctly that should be enough for anyone no matter where to be able to get a house lol no one is angry bruh
@@FranciscoHernandez_2816 exactly.
@@FranciscoHernandez_2816 it’s the implication that he’s not being an adult. When there’s no real reason for people to split just because they have the means to. It’s a nitpick is all.
He'd have to pay his way then, and probably wouldn't be a "millionaire."
455m in property. Thats incredible 🎉
Even more incredible is that it's all paid off!!!🎉🎉🎉
"I own $50-$500 Million worth of real estate"... Google says net worth is "roughly $200 Million"... Conclusion: When you own all your stuff outright, your net worth isn't public information.
When it comes to details like "net worth" Google always gives a figure five years out of date. That would be his 2018 net worth.
That’s his 2019 NW. don’t be jelly you don’t own that much & go hunt down his net worth to feel better. Weird
Can y’all pay an editor to remove the intermissions? I’d be happy to do it. It’s a simple post upload cut
this show changed my whole perspective and got me on the good foot
I am thankful for these testimonies. I am inspired to keep moving on this plan!
I can tell how irked DR was listening to the lady with the cleaning business when she mentioned the budget mama on TikTok or as DR would call it TikTac, 😂
I am in baby step 7 still on a tight budget where all extra money goes to Baby step 4 adding to my retirement fund until it is full.
I love this Ramsey show I just started watching it and I’m gonna keep watching it to learn more and more. Thank you so much.
There is a Difference between leveraging and over leveraging. Dave went from 1 extreme to another. If you are smart, careful and calculated you can leverage and make money relatively safely.
Budget...we have been on cash purchases for gas/groceries/date night/personal spending for almost 17 years. Still pay with cash. Today I was uncomfortable when I paid $3.25 for gas for my jeep ...even after BS7 for 2.5+ years. Cash makes me think.every.time.
If you always use cash why are you thinking all the time? Seems like you would just buy it because your so used to buying with cash.
@@donaldlyons17 it makes me think about the money leaving my hand, never to return. Asking myself, do I REALLY want to make this purchase. Instead of when I used a credit card I never thought about spending money and how it would affect our networth or retirement years.
@@janemuir3546 Well we are all different. With me buying is buying because each dollar can only be used once.
Congrats to Kyle and Tiffany and the handsome boys!!! That is fu$%ing amazing!!! Debt free and home owners and the young age of 31, I wish I knew how that felt!
So I've both made and lost money with interest arbitrage. The reason it's best to avoid it all together is that nobody lends at a discount without strings. Car dealerships offer low rates because they are ripping you off on the upfront cost.
thanks for the great video!
also at 1.01 check James Clear Atomic Habits
This is important answer you can use debt to leverage your income. The less you have to pay for taxes
Tom’s awesome!! 👏 what a great example that you can make $55k, and If live simple and frugal and budgeting and invest, can have 6 million!! He’s awesome!
I wish Dave would have let him finish saying his investments. I know he said Fidelity
Does building wealth bring you happiness?
Personally I find happiness is not related to $$$$$.
Never been more tempted to get a car loan as now. 2015 odyssey broke down on the side of the highway in the mountains with little to no cel service with my wife and three daughters
Ramsey needs to shut up and let other people talk sometimes, including his cohost. Over talk's them many times.
AGREE!
We want to know more from the homeless to millionaire caller. That call was prematurely shut down. What did he do to make a living and how did he achieve millionaire status in 4 yrs 🤷🏼♂️
Maybe they felt it sounded scammy & didn't want to give the guy airtime.
Picking beer cans
Guy was paying alimony. Seems like he had a income. Probably homeless due to losing his home in the divorce and getting slammed with child support and alimony.
Thank you so very much dear Dave Ramsey! Your books and radio and tutorials/ speeches have gotten me completely out of debt and I've more $'s than ever! (I'm putting it all in a trust for my grandchildren! )
Ya for Dave Ramsay's story! Thank you a million times over!
Dave after that first call mic dropped that one beautifully!!!
YES she's speaking on the real estate market about investors in ATL big time. This is horrific due to they triple the price on rentals. This is so sad
Thanks
I'm in San Diego and the Hilary hurricane reference was hilarious
The best Ive seen is up to 20k at 7% but you have to jump through hurdles to keep that apr every month. a simple high yield savings can get you 5% (laurel road).. still only 1800 a year on 36k, minus the $648 the car loan is costing him at 1.8%... 1200/year net by not paying it off? Id take it, and invest the earnings each month with my month retirement contributions... why not?
Oh good! I was waiting for a new show
Read your mortgage terms on the reasons the banks can call the notes.