My husband and I started out -130,000 12 years ago when we got married. We are now millionaires. Dave's advice works! Time. Patience. Live like no one else so you can live like no one else later! We just said goodbye to our Lexus (it had to be put down) and bought a Rav 4. Only drive our vehicles to the death. I drive an Acura. Don't compare yourselves to anyone else's journey! 🎉
Working on my last two debts. 2023 I finished paying off my student loans (cash flowing the rest of my Master’s) AND paid off my car!!! $23k paid OFF. 🎉 this year I’m finishing my credit cards… last two debts!!! 🙌🏼 2024 is the year to be debt free.
As of yesterday I paid off 19% of my total debts since the start of this year! About 26% paid off in total...I used all the holiday paychecks from both of my jobs. I am being vocal about it on my social media too, showing my friends that it can be done!
Thats good. Remember to pay yourself first, then pay off debt. Automate money from your jobs to your savings first and then use what's left over for bills/debts
Keep up the great work! Snowball method builds momentum and confidence each time you pluck one off, reinforcing behavior change. Then all those combined (former) debt payments make it quick to build your emergency fund within 6 months.
Mr. Ramsey idk if you will ever see this comment but thank you for what you do. I listen to you on you tube every morning while im in the shower getting ready for work. You and your staff are to be applauded for the motivation you provide to people from all walks of life trying to succeed❤
I WISH I had someone to introduce me to D.R when i was your age. Money wasn't something talked ab in the home i grew up in. The only thing i was made abundantly aware of is that there wasn't much of it. So pay attention to what D.R teaches, work hard, practice discipline, and go be AMAZING❤
Fr stick to his plan you’ll be way past the million $ mark. I’m 21 and wish I discovered him at your age bc I made the biggest mistakes between 18-20. Go you!
Just finished paying my student loans off after ten years, never missed payments, huge weight off my back! Will be tackling car next, then the mortgage.
I am a big fan of your channel. I found it by accident last week and I already decided to make changes to my finances and life! I started budgeting, saving and I am no longer willing to spend money on junk! I wish I could send an email or submit the question, but I am from Poland (living in UK) and I don't know if you answer questions not firm the US? Anyway, I am so glad that you share your wisdom and that you are a Christian. I was raised Christian, but the money subject was always a taboo. Everyone was saying that money is a devil and you shouldn't seek it! My family was broke for most of the time, despite the fact my dad had a phone business and mum was an accountant. My dad drowned in debts and alcohol, my mum divorced him and I have 1100 debt. I spent all my savings on junk (don't even know what I bought) and took an overdraft. I decided I don't want to live like this and I want to be good with money! Thank you Mr Ramsey for all your advices. You are a true Godsend
I just received the title for my car in the mail! Oh...you said to pay off debt smallest to largest, I thought you said, "Pay off your most loathsome debt, first". Love you gentlemen. Thank you for everything!
Caller: "Dave, we make $100,000 a month and have $20 in the bank. I can't follow your plan to pay off my six G-Wagens because I'm worried about having enough for my snowflake child. Fix it for me." Dave: "Um, pay off your debt?" Caller: "Yeah but...." 🙄 Happy 2024 friends.
Husband and I are going to pay off our car this year. I'm sick and tired. We've paid off our debt twice already, yet we keep making the same mistakes. I'm sick and tired of being sick and tired.
Thanks to Dave and following his advice from being broke with debt to owning our house 🏡 we just closed escrow 5 days ago and with money in the bank 🎉🎉🎉
Ken Coleman; To help me with my oldest son leaving the nest to Oklahoma right after high school... was once I knew I could not convince him otherwise. I became very involved with his move. I bought a good $5000 truck, I personally repaired needed fixes, and I drove him half way from Arizona. A good guys trip to say goodbye and I flew back. In return, a couple years after, he asked me to meet him halfway again to drive him back home. Not that he needed it, but another guys trip came out of it.
Amen. My dumb move was going to cosign, but I ended up making the purchase🤦🏽♀️. The most High delivered me from that disaster, but not without some financial pain🤷🏽♀️. I'll take that!!!
@ramseyshow I'm only half way through but just wanted to say thank you Dave for leading in the way you both are empathetically listening and engaging your callers yet still being tough. Great balance so far and as a result I think it creates a GREAT show. I'm just one of millions of listeners but I will be tuning in more now cause as I said in a previous post, the aggression was off putting, even as a sports coach myself, lol. Thanks for hearing my heart overall. Lastly, Dave, George and your daughter are your future main hosts of this show. They are a great team and I can see them growing the platform even more as the primary faces. Thanks again!
Ok! This is it! Got the every dollar budget ready. Got the pay off date. Got the motivation! Just gotta get every dollar app to sync to my bank! But even if that never happens I’m gonna do it starting now! Thanks Dave!!!
24 here, last year was interesting Paid my student loan off, went on vacation abroad, and had everything go wrong at once while away.. ended up 4500 in debt.. paid in 2 months (I make about 26/hr) Then, not even joking one night it was like a switch flipped in me More cooperative at work More financially reasonable I made a budget and I am sticking to it logging all my expenses... cutting the battlepass grind on a game and stopping time sinks Luke that Working put now Cutting bills I hope this is a sign
Samuel, I'm no doctor but please look into holistic meds/nutrition instead of "medicine" from a regular doctor as quickly as possible. God bless you all!
Service members wife has a consultation business that makes no money. She reinvests any money she makes back into the business which likely means gas in her car and advertising. If she can’t afford to pay herself a fair salary then my opinion is that she isn’t ready to be consulting full time.
I got suckered into that same northwestern mutual thing. My brother worked for them and it was the same strategy Hire them as interns and go around asking friends and family to buy policies.
Back when Amway and multi level marketing schemes were popular, people were encouraged to call everybody they knew. The same thing happened when people started working for insurance companies. It was so freaking annoying and everyone I know who was doing it never lasted because they were just so tired of getting turned down!
I am fresh off of SSDI and trying to catch up financially. When I work overtime, I get so tired I can barely drive down the road, and yesterday I had to go home sick after 3 hours because I couldn't see straight. I feel like a failure even though I'm trying to work again. I'm 62. Dave says to work a second and third job! Physically, I break down. 😞
I completely understand! This is why we're supposed to retire in our 60s because we're just worn out. It doesn't matter how long it takes you to get out of debt. The important thing is that you're working on it. Everyone here understands, I'm sure, and when we're physically tired we are mentally tired as well. Just take your time!
My personal perspective is that your bills should not be more than 50% of your net income. This is for me and me alone. I understand that for most people this isn't feasible. But for me in my area I'm able to do it.
@@JTrys it's a nice feeling. The funny part is that I have 5 credit cards, a car loan, a house payment, and a portable building that are all factored into my bills. Dave would blow a gasket if talked to me lol
He would tell you that you are paying for the credit card company's new buildings and the car dealer's house. He would tell you the mortgage is OK but you have to pay it off in seven years. And then he would laugh because he knows that you're not gonna take his advice but you're still living the good life and you're not living paycheck to paycheck and you probably have money in the bank. Thanks for making me smile!
@brookelondon8029 I've only got 8yrs left on a 10yr owner finance that has a 30% remaining balance penalty for early payoff. Oh and just to piss Dave and the gang off more it's 2 mobile homes on 1 acre of land. It's tax valued at $65,000. They wanted $75,000. The total payment will be a little over $100k. But I collect rent of $550 a month for the 2nd mobile home. I pay $819 a month and collect $550. So in reality I pay $269 a month for 2 house on 1 acre that has already reached its depreciation point because both mobile homes are 1970s model mobile home.
Mental health therapist on a second marriage blaming the student debt from the husband on a second marriage, therefore an adult, on his parents tells me all I need to know about her skills as a mental health specialist. Get it together.
Didn't they say get your house in order before you commnet on anothers. How are you a mental health therapist with so much worries and fears. She isn't qualified to be giving anyone mental health advice.Practice what you preach. This is why you can't trust all these so called professionals its only about the money.
23:40 “He has debt with nothing really to show for it” If that’s how she views her 2nd husband, that is out there working construction to bring home some bacon, she’s well on her way to having a 3rd marriage
Leeds is great, but similar development is happening all over the uk. I invest in property in Oxfordshire, yes the initial cost is more but the capital gains and rental income is much higher. You can buy multiple properties in cheaper areas but buying multiple properties will cost more in estate agent, solicitor fees and stamp duty. Just something worth considering if you’re thinking of investing in multiple properties rather than lumping all into one property. Really enjoy your content. Thanks
To enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
I agree. Based on personal experience working with an investment advisor, I currently have $1m 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 u
Finding financial advisors like Nycole Christina Vannata'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@Nisa-gm5wg I am the most undisciplined person I know sugar BUT I write EVERYTHING down. My to do list which INCLUDES CALLING MY 3 CREDIT CARDS ON SUNDAY NIGHT. One for the supermarket 6% cash back and Sams for gas 5% back, 3% cash back eating out and Wells Fargo 2% back for anything else. SIde note I put my grocery bills on the frig and circle items that have to be eaten soon so not to waste food. So my secret is I'm a list maker.🤣 ANYONE CAN DO THAT WITH PEN AND PAPER not on your cell phone.
I paid all my debts including my truck , I through some money in the house mortgage and rebuild my home. Then I got lost again and bought a new car instead of finishing paying my house. I failed 😞
@@stephie7015 Your library can usually get them from a bigger library... Ask about putting "a hold" on them and they will be sent to your local library for pickup
I've a 5 year plan, and when we get done. It will be almost $200 grand, to include the home. But, getting an extra job isn't able to be done. We are disabled. But, we are also creating and selling through out business. I just have to get our business up and running faster. We create and sell Reborn Collectible Dolls. I'm the painter and cooker, and my wife and I, put them together, and she puts the outfits together, and I put them onliine and sell them. But, we are also doing your free budget plan, monthly. But, I was already writing everything down daily, just so I know what I'm doing every day. And, I save all my receipts and have for the last several years. I read the main book of yours, that is what sttarted me down the road. But, when your in a fixed income, the DHS won't allow anyone to save anything. So, after we moved, we are now working to get debt free.
I am in my home-buying state of process. Doing my research since Feb 2023 now it's 2024 I have one closed account with Ally Financial with $6243 only neg on my report. Credit utilization under 10% any advice? I live I Atl and going to Texas to buy
Woman around the 54:30 mark... There's a reason the owner is closing shop!! Of course he wants to be supportive in getting you to buy his business and debts. What a dumb idea. I can't believe how some people get by lacking common sense.
Dave encourage her to get the truth. Their financial books and bookkeeper should tell the story for business assets and cash flows, plus what’s scheduled and pending work. My hope is that the old owner hasn’t taken or received payment for work not yet down but promised and new owner gets stock with it. GAAP Accounting principles say owners should not document income until service is provided (ie payment is placed into an accts payable until work is done…in case they have to pay it back).
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage. - Alexander Fraser Tytler 1747-1813
Historian Will Durrant said that the length of the average civilization goes for about 300 years. The United States was set up as a Republic. It is not a pure democracy. A democracy has everyone vote on every matter that comes before the government. The US is a representative based nation based on democratically voted leaders who run a republic form of government. Our representatives have learned how to work the system to maintain power by doling out the favors to stay in office. This is why terms limits are needed. If the average farmer, shopkeep or citizen does not understand how our government operates, then it has become too big and bloated.
Best practice is to Not make comments or comparisons in regard to finances and losing weight. Just like finances, there are a lot of unseen aspects to why people struggle with weight that has nothing to do with eating less.
The person that wants to file bankruptcy, tell them, not to. It's not worth it. We ended up living in really bad homes, and very small. But we are now here, from there, but we got advice to do it, and I should have talked to someone else. Not a debt consolidation personal. Maybe, do a Chap. 11, then have the couple lease the equipment from the former owner or not file anything, but have the family lease everything from their prior boss. While he takes a better look at his debts, with your program. I've done a Chap 7, for medical bills, and ended up still paying them, and it's just not worth it. We only had $70 grand; I think. At that time but had a job that was called seasonal. TT04, 1/5/2024
Dave do yourself a favor don’t call anyone else STUPID, apologize to the people you have called Stupid I don’t care how much money you have you have no right to call people stupid
My gross salary is 81,000 annually. Take home is 40,000😭. The rest of it is taxes and pension. Should I still be saving 15% for retirement or could i lessen it a bit to stretch my money further?
Feel bad for that 18 year old with sick mom. The truth of the matter though is his dad doesnt want to work, plain and simple. He is just using his wifes cancer as the excuse.
37:23 Dave Ramsey Talks about setting aside a student loan payment in a High-Yield-Savings-Account to “pay off” the debt in anticipation of forgiveness
