Don't "YOLO" Your Life Away - Dave Ramsey Rant 

Ask my brother that, worked 42 years retired, 3 years later died of lung cancer. and didn't live a full of life as he wished. too worried about making money!

@@sitka49 I don't get why people are so hellbent on saving. Have fun with your life before health issues seal your fate.

@@sitka49 but what if he had lived. somethings are out of our control. sounds like your brother lived and died with dignity. And saving 15 % of every cheque is not not living life to the fullest is is preparing you to live with dignity when you no longer can or want to work. It is not one or the other - living a full life or saving for retirement. sheesh

@@F22C1 Most people do both - save a mere smear 15 percent and live a fun and happy life. Let s not confuse that with Y.O.L.O. and end up with student loans, car loans and credit card debt and a time shovel. That does not sound like fun nor do any baby step 2 callers sound joyful and happily married.

@@sitka49 I’m sorry for your loss. This is why I tell ppl working fulltime for the rest of your life IS NOT everything. You can still get by working part time but you have to be able to curve your overhead (bills).

Being wealthy gives you freedom

True

You are an inspiration. I won't have any pensions by my wife and I are early 30s and have $250,000 in our 401ks. Hoping to retire at 55. I want to open a garage and fix up old Jeep Wranglers in retirement.

Are you using gap cash till you turn 59 1/2?

@@justinacase2623 yeah thats going to be the tricky part we haven't started any retirement accounts outside a 401k will probably need to do that soon.

Sounds great! I’m happy for you!

Really? You are so old. Don’t you wish you had enjoyed the things you enjoy now when you were younger?

Well said!

100%

I see you, Jessica. 😉

@@universe.trippin haha, hey beautiful! I love that we’re both out here getting this financial info. ☺️

@@JessicaHicks yes ma’am!

Bro put it in a isa or etf or mutual, I put 500 a month into a isa and I worked it out in something like 20 years of doing it it turns into £574 000 and the amount I would of put in is like 145 000, its worth while

Heck yes! Good for you!

@@BurritoSenor He needs to get an emergency fund first, though.

Agree with you Cam, it's great seeing the cash stack growing bigger. I just spent $840 on car maintenance and repair, but with cash in the bank it doesn't hurt nearly as much.

@@GrislyAtoms12 Yup that's right. No payments leaves you with money. Money gives you options and the ability to overcome challenges. Stupid works when times are good, but when times are bad stupid proves itself to be STUPID. Stay on that track👍

None of our parents or grand parents had money when they died. But they Al had homes that the banks didn’t own. And after selling them, and splitting it with siblings, we were able to buy land and start building our own house with no debt 😊

Money doesn't buy happiness...but the lack of it can contribute towards unhappiness

@@EugeneTChu Amen!

Yes it does TSLA 700 call options that expire next week. YOLO

Everything costs money.

Money doesn’t buy happiness, But Rich people seldom starve to death.

That reminds me, he’s a financial Jesus!

There's videos of him using the phrase Cray Cray..

@perreira831 😂😂No way! I have to look for this

All these videos are old I think

💯 I don’t remember much of my childhood presents, but I sure do remember the play fights with dad and the countless silly moments with mom. Priceless advice I will surely take into account when/if I have kiddos.

ABSOLUTELY!!!!!! ❤️

@@anitaclue9868 😊

well said.

I mean, with my uncle (who died from cancer) playing Super Nintendo when I was younger and computer games when I was older are the best memories I have. But I guess it’s just easier to judge and criticize people for buying cool toys instead of investing the money. 🤷‍♀️

5%, that is a holiday very month.

Try 10% instead, did that for 4 years and saved about 13k paid off the rest of my car during this pandemic

@@ogPRAT yeah but his 5% is at baby step 7. Way past paying off the car

Love the YOLO fund idea

@@ogPRAT trust me 5% is MORE than enough 👌🏾

Wow, love this. If I have kids I want to do the same thing.

well done and same here!

For those who are wanting to do this, use a 529 or ESA account. Take advantage of the tax free growth.

sad thing is 40 years ago that would probably had paid for all there college (4 years depending were you went ), 1.5 better then nothing ,but boy that didn't go far, college is such ripoff .

@@fishingangler4315 great point!

Exactly

Exactly !!

And they claim it’s not their fault

I agree. You can live your life, yet still save. Everyone should save at least SOMETHING.

Nope because they only think of themselves not the ones they are leaving behind.

@@Sexy40baby1 And now they are dependent on getting a $600 check from the government. What a sad existence. :(

I feel like after this ends people will be even worse with the YOLO mentality

It s the goal of families but the governments goal is to get rid of generational wealth as it creates inequity they say. So make your plans correctly.

People judge harder when they don't understand. Had the same thing happen when someone told me I'm "too into" my finances as if I was being selfish for wanting to be financially responsible

BMW = Broke My Wallet

And the student loan debt is for a major no one wants (or pays little).

Low mileage leased BMW

@@antzantzantz because they cant afford to really drive that car too.

Starbucks is utter and complete trash anyway. It's much better and cheaper to make your own coffee at home.

AOC's family moved out of NYC, they were the wealthiest in their family and could afford a small house in a good neighbourhood. Her mother cleaned houses, her father was architect by training, but that did not seem to have translated to a high paying job. The house still had a mortgage after approx. 15 years. The moved there when Alexandria (I think she is the oldes) was not yet in school, probably so the kids could go to a good school. they could hold on to the house, but when the father died of cancer her mother (eventually) had to sell it. AOC moved back to help her mother, also with the handling of the estate, so at least they cold bide their time to get a good price for the home. She was in college (or just started) when her father got the diagnosis, but there was time. He had no will and probably shied away from making one, and his wife and kids did not urge him either, likely for fear of it being disresepctful and tempting fate. In New York state if there are assets but no will it is a nightmare, they have to settle that at a certain court, there are lawyers taking advantage of the situation (and it is set up that way) it is a hassle and it costs. More affluent families that move in circles of people that have made a will or have inherited do not get into that situation - there is alway some savvy lawyer or helpful relative with some experience in the matter that would take the wife aside or talk to the husband about settling their affairs - just in case. I think that is often going to hit immigrant families that are the first to accumulate some wealth. I assume it was a cultural taboo to get a will for the sick husband and his wife. Or the husband assumed the situation was clear anyway and knew his closest relatives (wife and 2 kids) would not fight over the inheritance. They didn't - but the bureaucraZy hit them. And lawyers made money of them, when that could have been settled easily if anyone would have dared to tackle the sensitive issue.

@Southern, we are born to die. Life is a sexually transmitted disease that is fatal.

I'm not making a will, but I don't have kids either. my youngest niece (19 years old) thinks she's getting an inheritance from me and she's kind of annoying about it like I'm going to die tomorrow (I'm 43). I don't plan on leaving her a thing because honestly there's probably not going to be anything left by the time I die. When my grandparents died, I watched my entire family fight over an inheritance that basically was non-existent after doctor bills. My parents said they have a will, but it's just their wishes written on a piece of paper on how they want everything divided up between me and my sister... they never even had a lawyer involved in it and it's not legally binding. Also, my sister and I absolutely hate each other. I just wish my parents would blow it all before they die so nothing is left so I never have to deal with my sister again. Heck they're only in their 5th year of retirement and they've already blown half of their retirement travelling the world and building this ridiculously huge house in Florida.

no silly. Not having a will is what will jinx you. one day you're walking down the street: "I don't need a will, I'm going to live forever!" MANHOLE

@@Mehwhatevr I don't have a will because there's no one I want to leave anything to, and I don't think there's going to be anything that'll be worth it to leave anyway.

Yup 🤣🤣

You're 20 years old, clearing $200K/year with all expenses paid. You don't own anything. You spend money on Non physical things Money is accumulating cause you can't spend it fast enough.

Perhaps they are not willing to have their families robbed blind by the funeral industry. Price gouging and high pressure sales seem to be the norm.

I'll just get cremated anyway... I don't want to take up wasted space in a grave

Hi. I'm from a predominantly Buddhist country and out here, people are cremated unless one dies without kins, in which case one goes to a pauper's grave waiting to be claimed or for the day of mass cremation by charities. Quite an interesting contrast here.

@@leadnsteel1428 Likewise.

I will be cremated. ☠️

I'm much younger, but I want to do this too.

Sometimes it’s delayed for so long 😂

It's not always easy to do but you're 100% correct.

Why? So you can be old and rich? What’s the point?

@@neakor The point is that you dont become burden to family and society. You should rethink about your goal in life.

@@cancel.lgbtq.6892 why would I be a burden to my family or society just because I enjoy my money when I’m young and die broke?

@@HermannTheGreat Ubereats delivery and rental properties. I m currently renovating an 8 unit apartment building. Once it's done, I m out of the rat race. All my rentals are free and clear from any debt.

@@jeanlenor1858 Congratuations! Sounds fantastic

Take care of your Dad

@@Silverdragon517 I m not in a position to help him now. My mom is also retired and has to work also. My first plan is to retire my mom by buying the home they're paying mortgage on and let them live for free. She ll then be able to retire. After a while, I ll retire my dad also.

Tesla is down 50% now

LOL

This is the way

Ima? Wow, get some education.....

Well said. And might I add I will never contribute to those things. GoFundMe already takes a huge cut of the money anyway. If you really need help I will help you directly, not through an app.

An acquaintance of mine started a gofundme to pay for her sister's funeral this year, a cremation. I wondered why her parents didn't pay. Then, I learned her dad has passed away already, and her mom is really poor. She has a brother and a husband. I wonder why it all got put on her. Plus, she also raised money for a plane ticket to fly back to America once the pandemic ends. She works full time and can't even pay for a plane ticket. I don't get it.

@@shannon2748 That's very said to hear. But I suppose a family that didn't bother to prepare at all for the inevitable (death), should be honest with themselves and say the best that can be done is a cremation. No need for a formal funeral, you can just do a small ceremony at home with a few friends and family members. Asking for a gofundme donation for something like that does not seem appropriate to me.

PEOPLE DONT REALIZE THAT IF THEY CAN QUIT CRYING,THEY CAN NEGOTIATE FUNERALS,WE SHOPPED,AND TOLD THEM SIS WAS RESPONSIBLE FOR A SECOND BID!we saved 1600 00f a 7500 dollar bill.....5900 bux.and one was 9000!what a rotten effing industry!

If you pay cash for it, your 20 year old GF can help you!

@@justinacase2623 wish I could pay cash lol.

@@joesillamanrs7189 you didn’t get the joke.

@@serjiang well f lol

Spy puts AND Spy calls... this way you win either way... iq 5000

@@cybertrk If you put on your calls you can't lose.

@@HermannTheGreat 4% returns? Dave doesn't invest in bonds.

ONE OF US! ONE OF US!

Because they earned it, theses people are better off than 90% of the population

If your really happy buying more stuff wont add happiness generally. Giving and helping others will add more that buying stuff.

@@MrJimmy3459and yet they’re wasting their money on materialistic shit. They sound miserable.

Bingo

.. ..or you could do both

Something tells me you're broke 🤔

@@josephinebournes8212 Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.

@@josephinebournes8212 lol! Agreed

Thanks for the laugh 😂😂😂

As long as you have the money to cover your trip, you can go to Japan as many times as you want to

You live every day. You only die once.

I’m buying myself a rare 69 mustang class lol but I can always profit from it in a few years so somewhat yolo

Live within your means, its that simple

If going to Japan at 30 sounds pretty daunting financially, then you need to quickly review your financial life when you come back. You only live once ... remember