As A New Listener, Where Do I Start Tackling My Debt? 

I got started this year at 28... I kicked myself for starting late but hearing that Dave went bankrupt at this age and turned it all around is reassuring that total financial freedom will one day be obtained just like he did.

I discovered Dave Ramsey a few months ago . Paid off my car , 2 credit cards quit my stupid gambling & addiction to unnecessary Amazon spending & now It seems strange (in a good way)that I have money & Im not anxiety ridden because of just squeaking by every month plus I cut down on eating at restaurants regularly. I wish I’d started listening to him 20 years ago .

My sister has been listening to Dave Ramsey for years and I wish I’d listened to her advise to do the same. Her house is paid off, she drives a good used vehicle. She has her ducks in a row and I’m so respectful of her and Mr. Ramsey

I JUST discovered Dave Ramsey about a week ago.... Never heard of him before last week. I'm glad I discovered him now that I'm 23 and not older... Time to take notes ^_^

Dude casually has $60,000 in savings and calls in for help with debt? I would kill to just have that sitting around. Would totally change my life

“No matter what happens in the economy, you’ve got ALL of your income” . . . that’s powerful.

60k in savings? I have $5 lol..... what did I do to myself lol

His savings is double my yearly income. I will have that too one day.

As a new listener this was helpful I’m still in college but In 2 years I will graduate so I am planning to start saving now to pay down debt right away

I’m a new listener and this was fantastic. Definitely taking notes. I’m 26 and want to be debt free as soon as possible.

"Even if it's 0% interest?" NO! We are not borrowing any more money! 😂😂😂

You know what?! I LOVE listening to this podcast!! It has inspired me to sell a lot of my brand new hoarded items and put all the money towards my debt!!

I'm 22 years old and I've been watching you channel for about to weeks and im happy to say that me and my wife are starting to budget in August for the first time in our lives and I'm going to purchase your book. Thank you for inspiring me, ever since y moved out from my parents house I started being really responsible with money but I just needed somebody who could teach me how to build wealth and thank God I found this channel.

Dave is so inspirational. He gives people hope.

I just paid off my credit card now paying off my truck 15k left on the loan and making 2-2500$ payments a month on it now !

I love Dave so much because of him I'm 24 in college and debt free and won't have to take out any debt to finish my degree.

$60,000 in savings?!!! CONGRATULATIONS to that guy. I wish I had $600 in my savings. I wish that I wasn't living paycheck to paycheck.

My step mom and dad have been talking about Dave for awhile now and have been trying to get me to read his book and Ive been blowing them off trying to fix my awful credit score (540) by myself with pitiful income while Im in school. Im gonna read his book now. He seems to be extremely knowledgeable on money and living debt free. He also seems to be a great guy which is what my big worry was because I didnt want to read his book and I not gain anything from it in case he was a scam artist but I dont see that now. Time to start reading and listening to people that know more than me.

He was one of the most cooperative callers on here

I thank God for Dave I’d be in a world of trouble right now had I not found him before it was too late.

Starting at 21, got some debt but I’m gonna smash it. Millionaire status here i come 💪🏼🤑

I wish I knew Dave before. But coming from Malaysia, I'm 32 now and just realize that I need to fix my life. Annual income 40k not including my business. debt is 40k in student loan and 47k in car left. Last week just paid off 15k total of debt in credit card and student loan after I got my bonus salary. With that I'm calculating about 4 years to finish all mu debt and currently on track. Luckily I already set on home and Healthcare is basically free in Malaysia. We also have 11% cumpolsary retirement saving so I cannot stop that. That's a good thing I guess. I work as a chemist and looking forward in improving my income in coming years. I also have a small nursery and painting business where I sell flowers/bonsai and painting online. which I slowly develop for my retirement job doing the things I love. I'm thinking of retiring at the age of 45.

I drive a Toyota sienna mini van. 1998. With 190km. I bought it for $1500 plus to get it safety and emissions tested and payed taxes and sticker and plates. Total $2500. I love it . I really don't care about fancy schmancy cars. Thanks.

Nice to hear from a caller who was easy to relate. Dave was awesome not to condescend to him as a new listener.

The best thing that becoming debt free was I could donate money to causes that are important to me; i.e, neonatal intensive care unit in my hometown, for funds to help people who have no medical insurance, local animal shelter and Alzheimer's Association.

REALLY wish I heard of Dave and his teachings YEARS ago!!!! 🙌

I don't have to worry about this right now but I just like watching this.

I got completely rid of my credit card after watching Dave rants, thanks a lot to Dave.

Exactly! Be debt free. Anything can happen with your income.

AYE Dayton Oh In the house. Finally someone from my city and state getting advice from Dave.

This couple seems like their doing fine to me...

One of the best decisions I made was on our most recent car purchase....and that was 15 years ago. We identified the car we wanted, which was a returned at the end of a 3 year lease great looking, clean record vehicle that still had some manufacturer's warranty on it. Spent $300 to have our local mechanic check it out, and he found one thing that needed to be fixed, so I told the dealer it needed to be done before I'd buy. And in a few months, it will be 15 years with only one problem other than routine maintenance, new tires, etc Great price, great car and no regrets about not buying new.

This guy will be fine. Wheather you follow Dave’s advice or not, if you can manage to save 60,000 you know how to save money and you will absolutely be ahead financially

Where is my "50k" ish income earners?Wave at me I need some love😞

You should start with the lowest balance, pay it off, and then take whatever you were paying toward that and put it toward the next highest balance - the 'snowball' strategy. The idea is that the steady progress will build on itself and help you stay motivated to follow through on each bigger debt.

Mr. Ramsey, you're awesome. I've watched just about all your videos. I've learned a lot. I'm currently in college at UNR. I'm a year away from finishing my degree. I'm a little older at 27 but it took me longer. I had to pay my own way because my mom isn't very good with money. I moved to Nevada with $200 in my pocket to see if I could work hard and learn from her mistakes. Because of what I learned from you I started sowing some financial seeds, I've been able to pay off one of my three student loans and my credit card on a modest income of >$700 a month. I'm working on paying off the 2nd loan and my credit card next. I think it's awesome that you offer this stuff to people for free. I'm gonna see if I can budget to buy a copy of your book. Bless you Dave.

Impressive. I'm sure this listener is now happy he has no debt when the stock market crashed and coronavirus stalled the economy. Earnings go down but debt doesn't. Dave Ramsey's method seems very safe.

Dave’s advise is very practical! Not easy to live without debt ‘though once you’re into into it.

Been listening for over a year now and this one of the best videos for me to listen to

A proper tackle would be aiming for the hips.

Dave Ramsay makes me realize how stupid I am with money lol. Unfortunately my school situation has me taking on a bit if debt. Nothing crazy like most I should have it low enough to be paid off in 1.5 years after I graduate max.

Welcome to the DR family man!

This is very inspiring! It's making me want to delay my home purchase plan and pay off my car, though...

2:35 - A college professor with a masters in engineering can’t add 12 years on top of 21??

I just clicked this video and got an AD for a CAR LEASE haha could you believe that gross

Like the advice you give. Want to save up and get your program. I have a question I'm disable will this work on a fixed income.

Disagree on saying no to a car purchase at zero percent. Car loses value everyday. Take the zero percent deal and invest the 30K lump that would have been dumped into a depreciating car. The interest on the investment pays the car note.

One day at a time. That's how you tackle.

This is my favorite call to listen to. Great info and kudos to that guy who called in.

More videos listing tips and tricks plz

God bless you more and more! Thanks

Talk to REAL people! 56 female, 12K yr. with health problems and $33K student loan debt from 1992!

Dave, I have a question for you. When you say to never borrow again once you're out of debt, does this include the individuals who want to leverage up for real estate investing? Do you recommend against using leverage for real estate, specifically for investment properties?

This guy isn’t even in a bad place

Most of these callers make 4x what I net annually. This is so unreal to me.

never borrowing again amen to that

I'm surprised he didn't ask "why pay off the student loans if they gonna be forgiven in 5 years". Instead he asked why not buy a car at 0% promotional interest.

I read an article that said that very few of those school loans for teachers etc. are actually forgiven.

I've been watching your RU-vid videos for a little while now and I absolutely appreciate all the information you give us. My only problem is most of your callers that call in are single parents as I am myself but all of them have incomes of 50 60 80 100 thousand a year between husband and wife or just singles. I have struggled my entire life raising three children I've worked as many hours as I possibly can work and I continue to struggle. I start my own cleaning business in 2017 because I was tired of being the one that was let go in the positions that I held because of downsizing or whatever other reasons. How can somebody start getting out of debt when they can't make enough to survive on. My house I've been trapped in for the last at least 15 years they've got me an interest rate that I can't get out of although my credit scores are higher now than they've been my entire life I can't refinance because my house will not appraise high enough to refinance on top of have to have PMI insurance now and everything else. My debt between my house, my car, credit cards, and student loans I want to say is probably around 70 to 80 thousand dollars and I have a yearly income of about 18,000 I dont know what to do anymore. Nobody understands how depressed I get at times but I just don't ever see me getting any further ahead. Any and all advice would be greatly appreciated. I've tried watching budget videos I've tried watching envelope stuffing I've watched your video to do envelopes but where do you start if you don't have money coming in on a regular basis as I do mine is varying all the time where do I start to be able to put money in envelopes to know that I can pay for all the bills I need to pay.

If he plans on staying as a teacher why would he pay off his student loans if they will be forgiven? If in fact he chooses to change careers or wants to do something else before the five years then pay off the student loan... considering his student loan will be interested free IF that’s the program he is in.

This guy just called to brag. Get outta here man, you don't need help.. You have $60,000 in savings and no kids. Lol.

I would tackle the high interest smaller debts first. Save as much as possible live frugal take it one day at a time !

I'm 28 and well off. In 30 years I'll be filthy stinking rich.

Someone didn't look at the fine print for low loan forgiveness guarantee he's not going to get it.

Don’t get married. Don’t have kids. Don’t buy Stock in Enron.

"Im 58 and still bankrupt". 🤣🤣

There is no "0%" car loan. The interest is built into the price. Ask what the price is if you pay cash and you'll know the interest rate.

60k in savings and he has an 7k car loan?

Keep going. Good job. ..... 😄😉🤓

Excellent video

I'm on baby step 2, can't wait to be debt free and start step 3.

Hi I have a civil suit on my credit do I pay collections? im trying to move into a house.

what do you do when you cant stop or opt out of retirement or other saving plans that come out your pay check. I want to start the baby steps but I work for the federal government and we cant not stop or opt out any of our retirements or our thrifty saving plans.

Dave Ramsay legend

I only just found Dave Ramsey. I just wish I could get his app in Australia 😔

College professor and can't add 21 & 12. Welcome to our education system. Lol

Aright, baby step, first step is save 1k, how much do you have. 60k, ok, good. With Dave, you are either good, or dumb. I love this guy! He's the man!!!!

Very interesting, insightful content that you provide found your videos to give a piece of mind and would like to ask if there is any content or advice available for UK citizens to build a real wealth strategy using savings accounts.

Has 60k in the bank and wants the government to forgive his student loan and pass that on to the tax payer.....

Have vacations, not kids - GOAL

When he said he’s a college professor, I immediately thought of Ross. I wonder if his 36 year old wife is Rachael ??

I’m answering “thank you” to the “welcome” in name of the listener

Greetings, would you recommend me these steps to ppl with lower income and single???

That foregiveness is never going to happen.

With 50k views and under 1,000 likes, I discern that people are watching Dave’s content the way I am: Autoplay.

Brag call

We make a 140k , 60k in savings and no kids. I wish he would have more stories like mine. Single mom making 30k living paycheck to paycheck with no savings smh

Awesome

This guy wanted to tell Dave about his successes. You don’t need help man come on.

Ole Dave hates the Public Service Forgiveness Program. But if you are working at a nonprofit especially a state job, you can get the loan forgiven.

We must all follow Dave Ramsey We must stop listening to RU-vid Ads that want to teach us how to make money, the Ads are all a lie.

Do the baby steps apply to people over 50? Or disabled people on a fixed income?

My house payment is $557 right now, but I can pay it off in 2.6 years by paying $2000 per month -- which I have been doing for the past few months. Should I be maxing out my Roth IRA first before paying down the mortgage? Or pay my home off first. I'm 47 now and have nothing saved for retirement.

1500 miles a WEEK for WORK? The storys i hear about north americans driving to work shock me regularly. A workplace is out of my consideration as soon as i have to go more than 20 minutes one way. 😂 the benefits just would not weigh out the time spent in the car. driving is pain.

Liked and shared

But what about the guys' student loan forgiveness program? If you include the remaining 5 years of interest he's still throwing away a few thousand dollars.

Hmmm...?? I was surprised that Dave didn't allow for the caller to take advantage of the student loan debt forgiveness through his employer. The caller had another 5 years before his student debt was forgiven. I wonder what his balance would have been at that time. I would compare that balance to the interest paid in the next 5 years. If the remaining balance were large enough, seems like a shame to not take advantage of that "free money" benefit.

Hi, i am new listener, I and hubby are both disabled. he when hit by a big rig and I because of mental reasons as well as psyical. our income is just disable and we live on a homestead where our childern our helping to build our tiny house. we don't have car payment although do own a car, no unitlies other than gas for car and generator when solar isn't enough, oh and internet as it is our only commuication (meaning no phone bill) we do raise and grow our food about 50% of it. meaning we do have feed cost for the animals but food bill is 200 a month for 4 people and feed for animals is 100 land payment is 200 car insurance is 80 internet 70 gas is about 300 we haul own water atm as we are saving for our well. we would love to use your plan and I am wondering if this is possible for people making around 15k a year? oh and we are 52 soon to be 53 love to here back from you and unsure how else to do so other than here or at bttrflysprit on FB

Why would he pay off his student loans if they can be forgiven in a few years? It doesn't sound like he's going to be leaving that job anytime soon. Wouldn't he be better not doing that and throwing that money at his mortgage or other debts, and just let them write themselves off?

I am so with you about no credit buy it or save for it👆🏻