12 Things to Do Differently with Money in 2023 with Dave Ramsey 

The investing part is very important, even though it may seem like stocks are falling. I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this bear market?

It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy

I often wonder how successful investors are able to make millions of $$ from trading stocks. Im completely new on this area of investing. Long story short I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey

As directors of our farm business, my wife and I, aged 55 and 52, are starting our retirement savings journey, aiming to rely on rental income. I'd appreciate a live session to discuss online passive income strategies and achieving a comfortable retirement with a target goal of $3million.

1. Get on a budget. 2. Budget for inflation. 3. Don’t wait on student loan forgiveness. 4. Pay off your debt. 5. Beware of buy now, pay later. 6. Pay attention to your online spending habits. 7. Make sure your emergency fund is fully funded. 8. Don’t stop investing. 9. Don’t sit on the sidelines if you’re ready to buy a home. 10. If you’re married, have joint checking accounts. 11. Have a bigger why for your money. 12. Have hope for your money.

Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these new year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

I've been asking my husband to write a budget for 7 years and for the first time last month my husband sat down with me and created our first budget together to start 2023 and I am so thankful!

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works. I pray that anyone who reads this will be successful in life..

I'm not even kidding when I say that the market crash and high inflation have me stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm almost losing my mind but I get it,Investing is a long-term game, so I try to focus on the long term.

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

This is the second time watching your video..good one. Anyway, I’m a dividend investor but it’s a slow and steady growth. I’m 39 with a $300k portfolio and plan to retire at 60. My goal is to reach 2 million by then...I repositioned some of my dividend stocks using my broker James Fletcher Brennan. Now, I’m buying fractional shares of TSLA, AMC ,NIO ,NVR again. Before I was after dividends for passive income but it’s slow growth so i took my chances on high growth stocks and I've gotten a 120% increase this year but hopefully I’ll reach a million sooner

Along with a budget, I would also encourage basic meal planning. Wasting food (and money) drives me nuts, so knowing what I’m making for dinner for the next week or so helps me a ton when I go grocery shopping.

I paid of all of my student loans a couple of years ago during Covid and it was the best decision ever!! It was a seven year journey that came to a close in 2020. It was totally worth.. don’t wait to be saved!!

The student loan interest pause helped me out a lot. My loan started at $4500 and now I’m down to $2200. It’s my last debt in baby step 2.

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

I love seeing Dave's calm demener on Rachels show.

Rachel it's the most viewd because your dad would never give you bad advice and hence we know his advice us difinitely coming from the heart. I love seeing daughter -father bonding on great topics.

Budgeting and living less than what I make really helps me a lot. I’m a basic person and a minimalist.

I always love when Dave says "it's going to be ok". I remember watching him during the pandemic when he said the same thing and it gave me great comfort. He was right then and he's right now.

Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, you creat your own conditions, through your decision making ability. If you want good opportunities so you can make good decisions. It's simple. Start with small successes that you have complete control over. Continue that successful mindset throughout your day. People notice a positive attitude, and present opportunity to those who seem capable. Project capability, and when opportunity arises, prove your capabilities. There are rarely situations without opportunity, and those few unwinnable situations are completely of your own making, I pray that anyone who reads this will be successful in life too 🙏🙏🙏

This seems to me like the worst investing period. I just started investing last week when the market prices were a bit high, today I am more than 60% down! I feel very unlucky I should have waited. Hopefully, the markets will go back up.

We don’t owe anyone anything and we feel totally free! Yes we have a small house, paid for, yes we only have one car, paid for, (1 golf cart, & 2 bikes too). It feels great.

“ We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.” Jim Rohn

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam. Though I started with $1000 but it was successful, it's been four months since I started investing with her and it's been a great experience

We love Dave and you together

Many years ago, I was left with a substantial amount of debt after a divorce. Dave Ramseys' advice was instrumental in helping me get out of this overwhelming time in my life. As a single mother, I had to be patient with myself and at the beginning of each year (and there were many), I'd have to reset myself to get back on track. It is possible! I'm out of debt, with the exception of my home. I live on a minimal amount, but now I'm in the saving stage and playing catchup as an early senior. This year, I have a budget, but no steady income because I've stepped out of my comfort zone to start my own business as a real estate agent. By God's grace, I've made it to this point in my life. Starting a business has been a dream and I'll do whatever I can to be successful. I'm thankful for Dave and now Rachel! THANK YOU! THANK YOU! THANK YOU!

I’ve been investing ever since since I retired, I’m not spending or saving so much, I’m just putting most of my money into investing in different assets classes, dividend stocks, cryptos, real estate.

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and cryptocurrency, and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it.

I really wish I'd found you 40 years ago! In the 3 years since I did I've cleared remaining debt, have a full emergency fund, budget on a weekly basis and talk to my children on a regular basis about money so hopefully it rubs off, and still find spare money to give, which is the best feeling. Thanks for the great advice.

I live in England and have listened to this show and David Ramsey Show for the past two years. It has been such practical advice given and even though I've never been in debt, I have never done a budget until two years ago. I found it takes time to get it right and months of practice. It's absolutely worth it so thank you for helping me think it through carefully.

I love this series, it really shows how passionate the Ramsey family really is about helping others change their lives. Thank you.

I NEEDED THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! God bless you both and Happy 2023 to all!

1. Get on a budget. 2. Budget for inflation. 3. Don't wait on student loan forgiveness by the government. 4. Pay off your debt. 5. Beware of "buy now, pay later" (BNPL) - just don't do it. 6. Pay attention to online spending habits. 7. Make sure your emergency fund is fully funded. 8. Keep investing. 9. Don't sit on the sidelines when you are ready to buy a home. 10. If you are married, have JOINT banking accounts. 11. Have a bigger "why" for your money. 12. Have hope for your money.

It's not just making a budget, it's keeping the budget!

I'm more at peace and safe when I do a budget than none, when I first started my journey back in 2017 this helps me from getting to where I was to where I am today at baby step 6 THANK YOU DAVE & RACHEL Happy 2023 to you guys, Love and blessings from New Zealand ❤️🙏🏽

My granny actually told me to do a budget. She kept a yearly journal ...smartest lady I've ever known. And very wealthy and blessed 💗 wished I listened to her 🙈

Thank you Mr. Ramsey and Mrs. Cruze for your guidance and help. I'm not there yet but I will be.

I'm convinced folks don't realize how much money is frittered away along with real expenses. This year I plan to mark a big GREEN check mark on each calendar day I DON'T spend any $ and a big RED x on days I spend. I'm a visual learner.

I love dad and daughter ♥️

I give myself a 48 hours pause window before making an online or very large purchase. Usually, I end up deciding against it or no longer have a desire for said item / items.

I love budgeting! I started budgeting last year and let me tell you…. It really works! It helps so much! Just recently I was shocked that I’m 3 months ahead on my car payment and 3 months ahead I’m student loans. All because I budget. I will continue to do this for life and teach my kids!

This was me a year ago. Using my emergency fund to continue to live my life in the same way, even though I had took a payout at work! It took me 6 months to realize what was happening, and now I'm in the process of rebuilding, with wisdom!

Ramsey nerd here. What a blessing of FPU and Total Money Makeover book. Enjoying a no spend month. Such a wealth of knowledge and confidence taught. Forever grateful to you all.

i love this new year series with Dave, so encouraging and insightful!

I really look forward to your chat with Dave at the beginning of the new year. Wishing everyone a healthy and wealthy 2023! 😊

These 12 items are very encouraging. I started budgeting last March and am surprised at what I've accomplished in such a short time. In 2023 I am Lazer focused on paying off debt and continuing to add to my EF.

Thank You Rachel Your Dad has really Change my life and my family's life even though we're not Millionaires , Wealthy , and Rich thanks to him we never plan on buying new vehicle's and get Credit Cards even though were from Texas and also we plan on learning about the Baby Steps , I Have Heard Your Dad Dave Say drive a Hooptie instead of Buying New Depreciating Asset that Goes In Value Like Vehicles

My husband and I have been married for 20 years we have never been in debt. Mostly paid cash upfront for whatever we could do. Have a few years left to pay on our house. Kids have jobs at a young age the youngest is too young. Keeping the money flow is important and teaching kids how to budget has really work for us😊

Having a budget is indeed paramount. Kills me No One has been paying down their student loans While the internet rate has been Zero- most all waiting for the government bailout! My son worked in college and post college while searching for a job in his field. He paid off 26k in student loans with His money. I could not be more proud.

I love this Rachel Cruze content. M y wife and I make it a priority to watch your videos whenever we get a chance to relax from the kids and work!

I paid off my Parent Student Loan on 12/31/22... and it was $8456.00 in all of Dec'22~ Paid for much too long on it prior to this payoff!

Live on purpose with money is the only way to live. It has been eye opening to hear that only 5% of us doing a budget. I agree with everything I heard today.

Thank you for sharing your insights Rachel and Dave ❤️ People need to really focus on NEEDS and do budgeting religiously🙏 Happy New Year 🥂🍾🥳🎉🎆

My wife decided to downsize after our son moved out. We sold our home and purchased a condo. I miss my beautiful home that was nestled on a acre and a half in a rural area, but we are finally debt free. No house, car or credit card debt. I hope i get used to going back to city living. Im grateful it's very quite where we moved; especially when i sit on my front porch rocking on my rocking chair!

what should be on everyones mind currently should be to invest in sectors based on performance and projected growth, pretty much how i made my first million. Especially with the current economic crisis around the world. i'm taking advantage of the low prices. I have a diversified portfolio that spread across stocks, grade bonds, coins and etfs. my broker Susan Kay Mack, handles all my investments and ensures I stay above the market.

No debt less stress

I'm bipolar and I had some success 2 years ago saving for the first time in my life. I was so proud. But then in 2022 it was a tough year. Multiple things all at once and with the decline in my health I lost all my savings. Down to nothing. Luckily I have a supportive family who stepped in. But my goal this year is to try again and have a framework in place so that when bad times happen (and they will) I don't have to lose everything and be more of a burden than is necessary to my family. I'm feeling hopeful and positive for the new year.

Having a budget is critical.

Every time I watch your dads show. It gives me confidence that I CAN continue to take the baby steps. I’ve also gotten rid of the non important items like monthly Amazon Music, monthly Amazon Prime an so on. Yes, with everything added together I’m at six figures. I’ve got to keep moving forward!! Please don’t stop on the videos and now that I’ve discovered your channel. I’m on it !

So true, when I have changed our lives with zero based budget felt like I got a raise! A wonderful thing!

Starting this year I bought a budget book at Office Depot for $20 I thought it was to expensive, didn’t want to buy it , but mehnn now I am even glad I bought it, I’ve been tracking all my $1.. What a great investment

If we would just wait a day before any purchase, maybe it would help us not make unnecessary purchases! kinda like the saying , think before we speak!

This is all true I did this intrinsically and then started watching you . The relief I had being debt free is such a psychological relief and now I really know what I have to save and what really is in my name

A lot of people think of the word BUDGET as a negative word full of 'I can'ts'. I choose to say it's my 'SPENDING PLAN' that gives me permission to spend. That, to me, is more positive - meaning basically the same thing. I choose to plan to spend this amount of money on my rent or mortgage, food, etc instead of having to make a 'budget' for it. Say the word 'budget' and see how you feel and what your thoughts are. Then say the words 'spending plan' and check your feelings and thoughts about that. The process is the same for both, but the word budget seems to be controlling me, however I'm in control of my spending plan. It's all a head game with yourself. FYI - yes, I'm debt free and loving it!

I started actually doing a budget in June 2022 after doing ‘Davish’ for years. The last 6 months were so much easier on my mental health than the last two years have been. Having a budget and tracking your spending helps. You realize where your money is going and it even helps you get through the work day. This year I’m having to start from baby step one again but I’ve done a budget in a year thing. I started to get really depressed by it but if I don’t spend any extra outside of the budget, I will be debt free by the end of the year. So realistically the middle of next year, unless I start earning money from another income stream, which I’m working on.

I took all of my money out of dividend stocks that paid me 10% on my money and paid off my mortgage at 2% interest! 🙌🏼 I had a rental property earning $20k a year, but just sold it because I didn’t want the debt!

Love this video. I have been watching 2022 and 2021 for the last few days. I am glad you guys came up with 2023 one. Thank you so much for being awesome.

As I watch this I was going through Amazon Prime benefits. I do believe it is IN MY BEST interest to NOT renew it this year! Sometimes we need to change things. We had an unprecedented number of subscriptions in our house this year, we are just being lazy! There are other free or less expensive solutions for every thing that i have been sinking money into monthly. This WILL stop for us in 2023!

Rachel Cruz Happy New Year, thank you for this reminder for 2023. I write ✍ down to reach my goals and journey.🙏🏼🙌🏼

I am not married but my boyfriend does use this saying of "it is our money". He has helped me pay my college tuition, food, bills, and rent. In 16 weeks from now I will be graduating to obtain a total of 4 undergraduate degrees. Being a team is what got us to this place in my life.

Love you your dad, as always, since you have saved my retirement life and I always wished that I could have met Ramsey 20 years ago!!! But never too late, as you encouraged😊 GOD bless you in the New Year of 2023❤

I am gonna make all the payments towards student loans in a separate account. Then if it doesn’t happen to get paid off by the government, I will pay it off with the money I have put in an account towards it anyway. 🙌🏼🙌🏼

I think the two of you father and daughter are so adorable that’s besides all of the great advice. Thank you

Budget helps us keep our head above what could happen. It disciplines us to deny ourselves when we have to. Might buy something we want later. Thanks for telling us about hope. Sometime the amount of emergencies that come up are costly and too much! Still learning better ways of budgeting.

OMG his voice & wisdom is soooo comforting & motivating ❤❤❤

Great video! Happy New Year Rachel, family, and your crew that you work with.

The part about a roof over your head, warmth and food alongside fuel in your car, that really hit home.

I love your thoughts on hope. Anyone can do it. You guys Rock!

I look forward to this at the start of the year and its possibly one of my favorites!!! Thank you.

I only like buy now and pay later when it is interest free and it was a purchase that I was going to make anyway and on something that's pretty essential. For example: I did those payment plans on an air conditioning for my whole home and LASIK eye surgery in 2022. They were interest free for a 2 year payment plan. Interest free payments get dangerous when it is for gifts or something that is more of a materialistic spend like shoes or clothes that you don't need because it can reduce your cashflow.

I turned off the news, scaled back on the tv and social media this past year and I am happier because of it! God has blessed me in so many ways. Trusting in him, all things are possible!🙏☮❤

we finally decided to really hit our debt actively and intentionally this year. the stress is wearing us down.

The best advice/tidbits ever for money goals in 2023 & beyond. Gotta love the Dave & Daughter, btw, 'the only one who gets hurt on the roller coaster is the one who jumps off in the middle if the ride', Priceless!👍🏽😁💲

Happy New Year Rachel and Dave!!!

How nice to have a father that you can talk to nicely and your business partner/colleague .

My oven broke 2 years ago. I am saving for another one. It is amazing at how many little appliances you can substitute with. Sometimes you just have to make do

Dave is the 🐐

I watched that video last year with piling up debts. Fast Forward 2023, debt free in June. Gazelle.

I lost my coffee at " too much month at the end of the money" I caaaan't!🤣

Dave is a man with a lot of wisdom. I can listen to him for hours.

As always great information, but I'm definitely a bit hesitant on #10. I had a joint account with a now ex spouse who took all of our money from a joint savings and placed it in an account with just his name on it and I was left with nothing starting out besides my career as a nurse thankfully to build off of. It depends on how much trust you have in your spouse and marriage. I was blindsided unfortunately.

Just realizing you have a show. BRB gonna binge watch while at work. 😂♥️

And never ever listen to those coworkers/ friends/ family when they say that you cannot succeed. Ignore those losers. They are miserable and misery loves company… don’t let them hold you down !

Budgeting, contentment, living below your means and having multiple streams of income is the key 👌💯

My husband and I would definitely have no chance of becoming financially stable and wealthy if we didn’t do our one joint bank account, and manage it as a team. We wouldn’t be able to do it any other way.

I was super excited to start my new year strong, but then I realized my car needed it’s 50k mile service and new tires to top it off. $2,200.00 just like that . The good thing however is that I won’t need anything major besides oil changes for 2-3 years. I also got lifetime alignments in that deal 🎉

Start a "student loan" savings account. "Pay them off" in your savings account... if they decide in favor of forgiveness...great you a have pile if money and you dont have to get a "refund". If they decide not to forgive them immediately put everything on the loans from the savings account. Win win.

Always a pleasure to watch Dave. We grew up not far away from each other. I listened to his show from the beginning on 99.7 in Nashville. He is the real deal.

I am in my 40s looking for different avenues to invest I found my self a good broker referred by big sharks in stock market, she grew my savings from quarter a million to a million dollars in the first 3 months of the year, if you are looking to diversify do it now you are never too old.