The Ramsey Show Reacts to Bad Financial Advice on the Internet | Ep. 8 | The Best of The Ramsey Show 

0:22 - Ramsey Show Reacts to Awkward Financial Moment on "Love Is Blind" 8:57 - Steve Harvey Said Debt Freedom Is Impossible? 16:20 - Dave Ramsey Loses His Mind Over This Advice On Instagram! 25:09 - Ramsey Show Reacts to HORRIBLE Credit Card Advice on TikTok! 34:23 - Ramsey Show Reacts To HORRIBLE Real Estate Advice on TikTok  42:26 - Ramsey Show Reacts To Horrible Wedding Financial Advice On TikTok 50:09 - Ramsey Show Reacts To HORRIBLE Budget Advice On TikTok

A guy asked if he should take a HELOC for a home renovation. I said, "I wouldn't," and suggested saving instead. He didn't reply. Many homeowners are surprised by the idea of saving money instead of using home equity for projects like a backyard deck. I chose to save and invest in the stock market instead, which has helped me build long-term financial stability without taking on additional debt.

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

In my opinion, Rachel is really likable! Her personality, voice, poise, fun side is all charming. Well done fam 🎉

The credit card thing... there are people who can. I am one. I am 26. Got my first credit card at 18. In all 8 years I've been using a CC, I have NEVER carried a balance, ever, not even once. The key is using your credit card LIKE a debit card. Budget properly, have an emergency fund, and you'll never carry a balance. It really isn't complicated. I've had car issues come up that have cost me 3-4k and I put it on the card, get the cashback, take the money from my emergency fund, and immediately pay the card off. Most people probably shouldn't use them but for those that treat it LIKE a debit card, it genuinely is a benefit.

Rachel: You’re committed Dave: they aught to be committed Me: 🤣 🤣 🤣

Love the excitement Rachel gets at getting her dad all riled up!

"Dave wants you to have nice things but don't want the nice things to have you." This line has so much wisdom that the older I get, the more it rings true.

“Dave, I want to punch something and you are the closest thing to me so I’m going to refrain” 💀⚰️🤣🤣🤣🤣🤣🤣

"I don't believe in 401ks".. LOL dave's right... I don't wanna know these people! 😱

Love Rachel she just brings a balance to everything Dave is...

I thought I was being really smart with my money… but I wasn’t going to be debt free for another 21 years with what I was doing. I’m now on schedule to be debt free in 2 years and it feels great.

Dave Ramsey v.s. Steve Harvey was something I was not expecting 😂😂😂😂

Rachel is sooo smart. She knew it would get her dad riled up as it goes against everything he stands for. It's great for business to take a popular show and look at all the financial flaws they make. We love you Rachel. He already hates the culture, he doesn't even like Chicago!!! I loved this 🤣🤣🤣

It is so nice to not have any debt, no credit cards, no student loans, a little over $6,000 in the emergency fund and building up 3 month living expenses. Squeezing as much as I can and listening to this show pretty much every day, except Sunday, we are slowly building up closer to our dream to have land and house.

My dad passed in April of this year and watching Dave and Rachels interactions, especially with Love is Blind made me happy and miss those moments. Dave and the paper wall 😂

"We're not laughing *at* him." "Oh, I am." Dave rules.

"You need to take a shower after watching that guy" Hilarious.

I was talking to a coworker about your show, Dave, because I really love how respect the way you save money and how careful you are. My coworker scoffed and said, ‘Dave wants you to save up for your kids and not for yourself.’ And my man is in his 20’s in thousands of dollars of credit card debit. I can’t.

This is like my wife explaining a show she watches to me 😂😂😂

Rachel get a kick out of pressing her dad’s buttons 😂.

"One definition of maturity is learning to delay pleasure" Couldn't have said it better myself, 100% agree.

Dave..."These are not people I would want to know"!! 🤣🤣🤣🤣🤣

Dave is America’s dad 🤣

“Chicago is not good” 😂😂 Hey Dave, I was raised there! 😅😅😅

God i love rachel :D shes adding so much to this show

I loved watching Dave completely shut down by the end of that Love is Blind story 😂😂😂 PS I think having a paid off house is VERY exciting

The thing I like about Dave’s advice is that he combines financial advice with psychology. He understands that psychology is what creates behaviors and those behaviors build wealth or they build debt. His systems aim to change the behavior and redirect effort to result in wealth.

“They aught to be committed” - I straight up howled 😂

Love how Rachel is like dad it's my job to set you up so give me time to set the targets up before you start firing.

I love Dave and Rachel’s banter. 🤣

I would PAY to watch Dave watch a full episode 😂

The one with the girl whose dad let her get a car loan....Shame on that dad. She could have bought a great car for $7000 cash with no payment. He thinks he set her up for success, but he would have set her up for success by teaching her to buy with cash and not have debt.

The 401K and paid for house sounds exciting to me!

The best part of arbitrage dad is that he’s so proud of his financial genius with arbitrage when he’s actually describing leverage. Nothing says you’ve got this all figured out quite like incorrectly naming your big brain strategy. Arbitrage is buying a selling similar assets on different markets to exploit pricing inefficiency and it largely doesn’t exist today the way it once did thanks to technology.

Rachel is soooo good. She is smart, charming and confident. She doesn’t let Dave throw her and stays on point. And even though Dave always annoyingly interrupts her and has to always one-up anyone cohosting with him - she makes it work.

To be fair to Steve, we should all stop paying taxes. The government gives us nothing but debt and hardship.

To all at Ramsey, thank you so much for been so clearcut and saying what needs to be said in a crazy world!

The only thing I can’t get with is the CC advice. I’m the one who says “I’ll pay it off every month” and I have ever since I opened one the moment I turned 18. I never borrow anywhere near what I currently own. There is a mental change you have to make where the money the bank pays out for your bill, isn’t the bank’s, it’s all yours (as obvious as it sounds, people still fall into debt all the time so it doesn’t work). You do miss out on the cash back advantages which is free money when you’re being absolutely responsible with it.

The only financial advice I ever give nowadays is: Don't go into debt and learn Dave Ramsey's lessons! It has kept me out of trouble for years.

Dave: “Chicago’s not good”👁️👃🏻👁️ Me: *in Chicago * 😂😂😂😂😂 He ain’t lying

Rachel trying to be nice to these people and Dave not having it!😂

Dave needs to find the young man from Family Feud and bring him on the Ramsey show and then give him FPU to make sure he knows that getting out of debt is a very real possibility.

"you actually spent your time watching this?" Dave is literally me lmao

Before I found Mr Ramsey about 6 months ago, my financial bible was the wealthy barber! It is a fantastic little read and I’m not a reader. I didn’t realize I was working the baby steps my whole life until I found Dave. We cook at home , I bring home brewed coffee and my lunch to work every day, and we live on less then we make! Paid our house off in 17 years my 2020 truck is paid my wife’s car has about 6 months left . And we have a nice retirement account and a full funded emergency fund with 1 years salary in it. I hear some older guys at work complaining about living pay check to pay check at 69 and don’t think they will ever retire wow ! Not for me! I love how Dave will just tell you the truth about your situation and won’t look down on you for it. We make mistakes,we all have but always look to the future

10:40 Steve Harvey's accountant sure did use other peoples money.....

I’ve used credit cards for a decade and only paid interest once because I forgot to pay. I’ve gotten thousands of dollars in point back to my balance that paid for it many times over.

Their comments on the credit card one were interesting. My parents and I actually do what the woman was saying and I didn't think it was as weird as they seem to think. Every month or two when I buy gas I use the credit card, and autopay takes care of it. I keep my credit usage below 5% and don't care about points or cashback (it's a racket). I got the card at age 26 because I didn't have a credit score and wanted to buy a house. But you can buy a house without one, you just get a worse interest rate, and when you pay that monthly it helps your credit score. It sounds like the credit card trick worked out for me because I had a full emergency fund before I even got the card, and I avoid the "I'm earning cashback" trap.

I am not a religious man but I have to say a lot of the stuff on Ramsey is full of common sense. I am somewhere between 19 and 49 weeks paying off my mortgage (which will make me completely debt free). Why 19 to 49 weeks? Because I overpay every spare penny I can afford. Best ways it will be the first week of February 2023, worst ways the start of September 2023 but most likely around April 20th 2023.

Her face when he says I don't believe in 401ks told me to stay my course 🙂

The first 5mins kills me😅.. I'm laughing the whole time and then realized, we need Dave's voice in this generation

"Chicago is not good" I'm dead lol 😆 🤣

Harvey said debt is okay, but he went bankrupt. 🤦🏻‍♂️

I got a similar experience about the love part. I never met my wife until after we engaged, I was in NZ and she's in US, the first time we actually met in person was in Hong Kong airport. Now we have been married over 15 years and our son is 12 years old. I feel like I am the lucky man that everything works out so far.

I don't know if it just me but I'm laughing hard over here 🤣.

This is in reference to the clip at 26:50 When I was 22, I remember sitting in the kitchen with my mom as she was trying to convince me to get a credit card. She said if I didn't start paying payments on something, I wouldn't have any credit and therefore never be able to have a healthy credit score. I told her I didn't agree with credit cards because I didn't like debt and wanted to pay for everything in cash and live within my means. Mom became angry and said, "You NEED to build credit! That's how you build credit is by buying something on credit and paying it off" To which I then asked her, "Ok, so how's your credit score then?" "Not very good!" she said. "There ya go" I'm 35 years old. I've never had a car loan, I've never had a credit card, I'm nearly debt free except for a few medical bills and my house, and my credit score is in the high 700s. Thanks mom.

I liked the 'budgeting' is like a diet comparison at the end. The similarities are definitely there. Budgeting is for taking control over your money what eating out of your fridge is for your diet. You go to the store, have a proper plan what you will buy: adding up the things you need, calculating the deficit you might have and then you can consider if there's an extra chocolate bar in your plan.

I love Dave and Rachel together on these podcasts. Amazingly funny and very sweet!!

Love Rachel - she’s such a great flavor to the show

This is why you need to have these conversations BEFORE proposing and marrying someone.

I wish these people well, what a scary situation to be in

The fact that I automatically heard Dave’s voice in my head the first time I watched that Love is Blind episode 😂😂and now he has watched it in front of the camera… It really made it feel like coming full circle LOL. Natalie, ruuuuunnn!! Cheetah!!! Also, it would have been fun to tell Dave that Shayne was a realtor at that time… A realtor who didn’t believe in buying a house. Also, crop tops.

I couldn't watch a show like Love is Blind because I'd be yelling, "You're an idiot", at the TV constantly!!

39:16 My brother and sister-in-law did the real estate thing mentioned in the tiktok video, with one exception. They bought the properties with cash on hand. They also renovated the houses themselves. Furthermore, they did this right after the 2009 crash, which was an ideal buyers market. Finally, they did not leverage the houses to buy more property, instead they rented them and now they are spending time maintaining the rental properties. They are making it work, but it is far more difficult than most people think.

Rachel please keep appearing on these episodes! I can see you Love your dad but I also can see you like to keep him on edge with some of your comments! I do however agree with you dad on the electric car purchase!

I just started watching your videos and enjoy them. I want to point out that Steve Harvey wrote checks and submitted them to his accountant; unfortunately, when his accountant passed away, uncashed checks addressed to the IRS were located. It was later discovered that the accountant had stolen the tax money. To eliminate the $25 million IRS debt, Steve Harvey paid $650K per month for seven years.

Rachel reminds me of my interactions with my dad. Is our love language.

If there's something you can learn from Steve Harvey about finacial success. It's you don't play with the IRS.

The BRRRR method sounds more like I'm going to be homeless in the winter than actually a smart financial decision

The man didn't say he wanted to get rich .He says he wants no debts

Everything with Rachel and her dad is the best they are so father daughter in their interactions

I cannot believe what some people say!! I loooove these types of videos! Everyone tries to debunk Dave and his principles and ends up looking like an idiot. Classic!!!🤜🤛😂🤣

“These are not the people I want to know” 🤣🤣🤣🤣

I love Rachel. She's so great..

Omg the reaction to the description of “Love is Blind” was the best

“The eyes. They never lie, Chico” - Antonio Montana , circa 1983. The look in that guy’s eyes reveal his stupidity.

Rachel my favorite thing is also to shock my dad with pop culture and see him go nutso 😂

I’m with you Rachel the show is sooo addicting!

"Anyone who would teach you how to get rich quick is either a fool or a thief." - Jiminy Cricket (Pinnocchio)

All good advice, but when I was in college and looked for an apartment, there was only one who let me in without credit score. And of course it was not a very good apartment )))) In ALL other apartments they all wanted either a credit score or a co-signer (which I also did not have, I was an international student). And if you can believe I offered to all of these apartments to PRE-PAY for the WHOLE YEAR, and they still did not let me rent!!! It was ZERO risk for them - entire year pre-paid, and they were so stupid not to take my money. They wanted a credit score or a co-signer. So I was living in a terrible and loud apartment for 2 years and then rented out from a friend another year.

"Great entertainment" is shoving people into relationships that aren't going to work because they barely know each other. Lol. That clip was hilarious though.

“They ought to be committed” had me dying 🤣

George: “you can’t spend your way into a meaningful life.” 👌🏻❤️

I fell for the credit card scam I ended up $3,000 in debt before I found you guys and now all my credit cards are cut up. Never to be used again.

32:40 Credit score is not money management, it's debt management Wow, never looked at it like this🤯

6:15 That "Thank you Jesus." had me rolling 🤣

Honestly, love is blind live episode reactions with Dave and Rachel would be fun

I have just one credit card, which I pay immediately after every purchase. Also, I pay all my utility bills with it because it has 3% cash back (The whole my life I spent $0 on interest). The credit card provides a safety layer, meaning if it gets hacked at the grocery store or gas station, the CC company will write off the malicious charge. In addition, for online purchases, I'm using only a PayPal or Revolute debit card with the exact purchase amount, so if it gets hacked, I won't lose anything. The Ramsey shows is correct - poor people should NOT own a credit card. Poor People: Play the lottery more than anyone else, Borrow from PayDay lenders, Rent to Own, Title Pawning. Middle Class: Strangles with Credit Cards, Student Loans, Car Payments, Whole Live Life Insurance Upper Class: Not having debt allows them to build wealth

I have to comment on the budget one at the end. The guy sounds like one of my family members, who is currently not on a budget and is begging people for money to pay her bills. I was telling her about zero based budgeting and how it has helped me out tremendously. I used to not budget and now I cannot live without one.

Dave's expansion after watching The Clip, i felt that. 😂😂😂 Dave is right, these archetype dude-bro men just never grow up.

I love how Rachel pulled the cord until her dad started and then set back and started drinking her coffee knowing she did what she needed to do to get a response out of Dave

23:00 fantastic way of saying shut up for a minute so I can speak. 😂😂

@GeorgeKamel, That Steve Harvey segment was done in South Africa. That's an unfortunate "fact" that gets perpetuated here, OPM. I know the financial conditions are different in the states compared to South Africa, but the principles still stay the same. Financial Freedom = Baby Steps and consistency; the only currency that matters. Thanks for y'all wisdom.

The thing with the real estate investor is she was in Canada. Our real estate has increased in price like you wouldn't even believe (not least because of people like her bidding on everything available). We just need one good crash to clean them out, which, with this year's interest rate increases, is hopefully under way. Rents are still skyrocketing up though.

The McDonald’s comment about thousand island had me ☠️😂😅

Dave, you’re the best!

Rachel is so so right! it is an addictive show that you just have to binge!

Dave's disgust while Rachel is explaining the show is exactly me! It makes a huge mockery of the seriousness and sanctity of marriage. It may make "good" reality tv but it pollutes your home and thoughts.

I've had a credit card for 10 years and never paid one cent of interest. If I didn't have it, I would be using a debit card instead, so I really don't think my spending habit would be different. It's not even hard.

“These are not people I *want* to know!” You and me Dave.