America Is $1 TRILLION In Credit Card Debt!! - Dave Ramsey Rant 

26 years old, paid off $120k student debt, put 20% down on my house, and working towards paying that off. We are expecting our first child in December, and the birth is already paid for. Now that’s what I call peace! Thanks Dave!

Why do we all love it when Dave get riled up? Keep the rants coming Dave.

Im officially out of debt as of Aug 2023. Thank you Dave Ramsey.

Me (35yr) and my wife (31)are officially millionaires as of July 2023. I was fortunate to have parents that listened to Davy 20 years ago and it’s manifested into us becoming millionaires

I can honestly say I’m $0.00 in debt. House paid off Large bank account And I’m a high school drop out

“They own you’re butt and you gave them the deed!” That was hilarious😂

I had 15k worth of credit card debt back in 2020 it was one of the worst experiences I've ever been in. The pain it caused me mentally and the time it took to pay back I will never forget that feeling and will never do that again!

Thanks Dave for your show and wisdom. I started listening 4 years ago, at the age of 58. I lived my whole life with debt and just thought that was normal. We are now debt free and on track to pay off our house in 5 years which is when we are both 67 and can get social security. I am soooo happy. Now a stress free retirement is in our future. Totally thanks to following your baby steps! We will not be millionaires because we started too late, but we are way better off than if we didn't do the baby steps.

Debit cards do not have the same fraud protection as credit cards. I’m a living example, someone cloned my daughters debit card, added it google pay and stole $3,000 (emptied the checking account). Chase bank denied the fraud claim and said they can’t prove the transactions weren’t my daughter. Basically, called us liars and to go pound sand. Use credit cards and pay off the statement balance every month, be disciplined, treat the credit just like your debit card/cash.

Happy to say that not 1 red cent of that $1 trillion debt is mine, and hasn't been for 20 years or so.

Married couple late 50's. Mortgage and consumer debt free! I wish people could feel how great it feels!! Thanks Dave!

Dave Ramsey has the greatest job security in human history

I just finished paying off my debts this week! Paid off 186k in 4 years. Thanks Dave! Couldn't have done this without your guidance 🙏

Is this why they started sending me stainless steel credit cards? So that we can't cut them up with scissors?

29 with 3 kiddos and zero debt! Hubs and I paid off our 30 year mortgage 21 years early -this year! Feels good to be able to breathe.

My worries isn't about the market situation, my problem is that my trader(Larisa Fernanda) applies so much charge during my withdrawal, her strategy is quite cool but charging 25% of my profit isn't cool. Please someone should talk to her.

This message is to recognize your contribution to the team’s grant approval success. Your commitment had been exemplary and your hard working is an inspiration to everyone around you. You’re a professional MYSTICFLIP

That's fantastic! Your potential appears to be enduring. It is always wise to diversify your income streams and create a well-thought-out plan as a means of preparing for unforeseen circumstances and ensuring the growth and longevity of wealth. I have been investing for 11 years, and I am extremely satisfied with the choices I have made. The encouraging news is that it is never too late to start on this path.

I just paid off my credit card last month. I never want to be in credit card debt again.

Full disclosure: I use credit cards but pay in full (sorry Dave!). I used to recommend to younger family members/friends that they do the same, but I've seen far too many quickly build up debt and get in trouble. So I no longer recommend credit cards for most people.

I love having zero credit card debt.

Credit cards are great IF you know how to use them. I put everything on the cards and pay them completely off 7 days before the due date. I have not paid interest on credit cards in over 20 years. I love my cash back and airline miles. Also, there are restaurants, stores, and even certain Walmarts that no longer accepts cash…that is dangerous for people that do not have financial discipline.

Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

Completely debt free, just bought a truck with cash. I sleep so well at night. FYI, I grew up poor but I changed my family tree. Work hard and be smart with money.

"I'm geeeting airline miiles." "No, you're not. You're in DEBT!" lmao

This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the Mysticflip on the internet movement when I say ancestral your a gift to our people

46 years old and Thankfully, I am not part of that trillion pool anymore. No credit card debt, mortgage paid off, no car loan but still damn hard to keep up with this inflation and prices so high everywhere. No idea how people can survive with any kind of loan today. Wish the best for everyone.

As a Retired combat Marine I want to tell you that as what you are doing is just as important as any warrior on the battlefield. You are waging warfare against these criminals and terrorists on the digital battlefield. You are defending and protecting the most vulnerable of our society against these predators. Keep up the good work MYSTICFLIP on the internet

This is 100 percent true. I have a friend who has $20,000, and she still goes on foreign vacations and buys clothes weekly from Nordstrom. I want to hit my head on the wall every time she whines to me about how she is broke and has debt. She acts like this consumption is as important as food and housing.

Been at least a decade since Dave cut cards live on air. Classic Dave is back 🤜

Love Dave paid my student loans off listening to this man

Because of Dave Ramsey I am debt free !!! And it feels so good. When people find out I’m debt free they look at me like I’m some alien lolol

No debt here. Paid of our 8 year old home this year and retired at 42. Thanks Dave for all your financial logic and advise.

Once upon a time I did use credit cards to buy groceries, not junk. That moment in my life was hard and it did change. Living paycheck to paycheck is incredibly stressful. I’m thankfully not in that scenario anymore. I know that Dave hates Student Loans, but a small student loan changed my life for the better, so circumstance matter.

I’m 36, debt free and on track to have my house paid for in two years. Thank you Dave Ramsey for keeping me on the right financial path. If you’re still working then we’re coming up to Tennessee to do the debt free scream. 🎉

Credit cards are great as long as you pay them off instantly

Dave is always correct preaching common sense. Thank you!

"Don't give them the deed to your butt." - Dave Ramsey

So roughly 350,000,000 people are a trillion dollars in credit card debt and most of them have anxiety over it...and the 535 people at any given time in our congress have ran up 36+ trillion in debt and continue to run up more and could care less... This is why I'm grateful for finding Dave Ramsey several years ago and getting my economic house in order. Thank you, sir...

Dave is livid

Me: *puts 60$ worth of gas in my car with a credit card. Dave: “YOU’RE IN DEBT!”

Love Dave and Rachel! Dynamic Duo!

I am on a free trip as we speak from my credit card points! Thanks Chase. And an additional thank you to the people (FOOLS) who actually PAY interest to credit card companies.....going on 36 years of using my credit card for all purchases....total interest paid to date= $0.00

I don’t have credit card debt but I think in a lot of cases people are putting necessities on their cards. We are headed for a heap of trouble

1 trillion dollars in credit card debt in America. “But I’m a diamond platinum member with 90,000 reward points.”

Credit cards are working very well for me - put everything on a Chase Sapphire card and used the points to pay for a family vacation. I guess the difference is that I pay it off every month without fail.

Included in that $1 Trillion are the balances that get paid off, including business accounts and high end cards like AMEX Black. Not everybody who has and uses credit cards carries a balance.

I use my credit card (and I have just 1) exactly as a debit card. I know exactly how much money is in the checking account and exactly how much I'm spending on the card. Avoid debt and reap the card benefits at the same time.

So proud and relieved that myself and my family are not a part of this debt.

They sold their soul to the devil … and the devil wears a bankers’ suit.

Dave I have paid about $25 in credit card interest in 30 years. I use the card to buy most household stuff, there are some of us who pay the credit cards off every month. I don't want to walk around with a lot of cash in my pocket, credit cards are convenient to order stuff. Yes It's stuff I need and can't easily get locally and save money by ordering it. Yes in general credit cards are bad for most folks, not everyone.

I had over $241,000 in credit card debt. I’m debt free except for my mortgage by means of a ch7, and I’m looking forward to paying my home off early and never being in debt again. No more debt!

I love getting credit card rewards and having zero debt

The problem is that the hotel don't take cash and the airline don't want it also.

I definitely agree to Dave’s reasoning, Americans in general are financial dummies. Whether you are rich, poor, right wing or left wing; stop using credit cards (AKA borrowing money from the bank). The only people who can have a credit card are responsible individuals who can pay off all their debts every month; no interest, good credit, and bank rewards. Simple.

Some places don’t accept cash anymore

This is an AWESOME rant!! So true and it made my day! Haha 😂😂

3 credit cards. I never carry a balance. Never purchase anything you cant pay right off as soon as the charge shows up. 25% interest is insanity

Love the rants! Dave can we please get one a week?

What happens when you NEVER carry a balance? Shouldn’t we use the rewards to our benefit in this case?

I have 15 credit cards with no debt on any of them, I pay off at the end of the month and I think I am just fine, Dave Ramsey isn’t always right but for majority of American he is right. I thoroughly enjoy credit cards and using them to my advantage

I have a secured cc that gives me cash back on gas, restaurants and retail stores. I substitute it for my debit for the cash back. I just transfer money from checking on to it. The only way I can get more money on it is if I put more cash on it. So it’s basically using cash to purchase items but with the incentives. This is the best way to book hotels, car rentals without using debt.

You know it’s serious when Dave has to use props 😂😂

"Daniel Boone left the house without a credit card" 😂

Once I realized how much interest I was paying, I was done! No more credit card debt for me.

Credit cards became like crack. Post 1990, people lost their damn minds. 😂

Happy to say that none of that is mine. The only debt that I have is my car payment and the balance is down to 1800.00 I will have it paid for by the end of the year and then I will be debt FREE!! I can't thank you enough Dave!!

"Don't give 'em the deed to your butt!" 😂🤣😂🤣😂🤣😂🤣😂

2:54 - 🎯 THAT IS THE REASON WE ARE HERE, the way we THINK we should be LIVING

Wow, what an incredible video! No matter the circumstances, it's crucial for everyone to have a burning passion and a clear goal to strive for. Once you have that focus, making choices becomes effortless and enjoyable. Personally, I've witnessed a remarkable transformation in my financial journey. From an ordinary lifestyle to earning over $63k per month, it's truly astounding! By consistently compounding my income through various profitable investments like savings accounts, stocks, bonds, and high-yield dividend funds, I've built a well-diversified portfolio worth seven figures. Thanks to the guidance of financial professional Gregory Thomas Patchak, I've learned to concentrate my efforts and prepare for any financial struggles that come my way. The world of finance is full of opportunities, you just need to stay focused on the right path.

The US $1 Trillion Debt Trifecta - Credit cards, car loans and huge mortgages. They are paralyzing their lives. So foolish.

Dave thank you for wanting us to live our best lives debt free you do look out for us

Honestly, we need more people like you MYSTICFLIP if we had an army of people like you, we could stamp out these total loss in no time. I love that you are helping the victims, too it's ultra gratifying when you are to save people in real time like you do thanks 🙏🏻 for getting ours approved

Everybody that NEEDS to hear this will never HEAR or SEE this.

Being debt free has changed my life ! Don't have to work ... I do because I want to. Not being a slave to consumerism is life changing. This country is in big trouble......all this debt is going to drown people. Glad it's not me.

Debt free for a decade now, the peace it brings can't be bought with any stupid item, vacation, car.

The Ramsey show is the best show for showing people how to get out of credit card debt. With that said, this show is like putting a garden hose on the forest fire of American credit card debt

I have a cc. I don't carry a balance. I am 12 grand from killing the mortgage. Thanks for your influence in my life.

It's silly to paint everyone who uses credit cards with the same brush. I use no-annual-fee credit cards for every possible purchase. I always pay the full balance every month. I have never paid a single cent in interest or any credit card fee in 30 years. I earn $150 - $200 in cashback each year. Not a huge amount but better than nothing, which is what I'd earn if I were to pay cash for everything.

I use to owe 6,700 in credit card debt . Now it's only for ordering Amazon and minor things . Never more than 300 .

Meanwhile government debt is 4 times that yearly

I love it when he curses us out! 😂

Ramsey won't be able to cut my Amex gold because it's metal tee-hee

I love when he said get rid of BofA CC and BofA lol

With how expensive things are nowadays Rachel is right about some people using them for necessities because wages aren't keeping up. Dave thinks people only buy things they dont need on credit cards when most people have no money at the end of the month

I’ve never paid any interest on my credit card or bought anything I otherwise wouldn’t. Always pay the whole thing every month.

This show wont last without Dave. Rachel is too nice and wants people to feel good

Wow! 1 trillion in credit card debt ?? That’s a major problem.

Nothing is more American than taking on more debt while having absurds amount of existing debt

You tell'em Dave! His message is having no credit card enables spending control.

Why do I find Dave cutting all those cards in half so hilarious?

Notice Dave never mentions that 90% of millionaires use credit cards

“Don’t give them the deed to your butt” is the greatest phrase ever uttered on this show.

Get em Dave!!!!! I'm working on the baby steps now. Got rid of two credit cards, paid of my SUV, I have $4,000 in student debt that is about to go bye-bye. I got one card left and then it is attack the mortgage. I've had my house for only 1.5 years and I have already paid down $7k on the principle so once these pesky bills are gone I'm gonna beat that thing down till its gone. Just following the steps and seeing the progress that has been made has put so much peace in my life, now I'm just anxious. A good kind of anxious, like come on! I want to be done with the crap so I can start REALLY saving and making money!

Most people are incredibly stupid. You can try to get through to them, but they won’t listen and will only learn the hard way.

Was in line the other day behind an older couple probably in their late 50s at Avis. They had some emergency and needed to rent a car to drive to Georgia. They had their debit card, they had cash, assured the girl working the desk that they enough in their bank account to cover the cost of the rental. Guess what? They could not rent a car, because Avis's policy was you needed a credit card to rent a vehicle. Not sure what happened after they left, but Dave is so out of touch on so many things, a lot of places require a credit card just to do business with them.

35% of cardholders say they always pay their credit card balance in full every month

I always live frugally due to the lessons taught by my parents (they were immigrants from vietnam ) ...they lived through a harrowing experience after the war there and taught me valuable lessons with money. There is a line between being cheap and being frugal, we still have a nice house and spend on good coffee and designer clothes...BUT we do not own credit cards, we bought our home with cash, paid for college with cash, if we cannot afford it we do not buy it.

preach it brother!! I about spit out my Pepsi when Dave said Daniel Boone left home without it!!! 🤣🤣🤣🤣

Nothing like buying now and paying later……love the convenience!!!😂