The Foundations Of Building Wealth - Dave Ramsey Rant 

The whole point of wealth for me is freedom. My magic number in my mind is $5 million needed at 65 to not worry about anything and i am halfway there. Since i am closing in on retirement, i am searching for an aggressive strategy to boost my Roth accounts and maximize the tax-free profits.

2 cars paid for, house paid for....one last debt to pay off and we are good. Dave, God bless you man...

52 this year. Just diagnosed with cancer on Christmas eve. But surgery and much prayer has given me a new lease on life. THE FIRE IS LIT!! For the first time in my life the wife and I are on the same page financially. And with God and Dave's help we are moving like a run away train toward financial freedom.

"If your broke friends arent making fun of you, youre doing it wrong." My favorite quote, when I sold my 2016 Tacoma that had me $30k in debt and bought a cheap car in cash, my broke friends thought it was hilarious! But now im debt free and with my savings building up, soon ill be the one laughing! :)

The parking lot at work is full of big trucks driven by workmates who get nervous if there isn't any overtime everyday. I drive a paid for small car and i will be retiring soon.

"you're not even there yet and you're breathing easier." I love that. It really illustrates how being debt free and having an emergency fund can totally change your life.

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

Step 1: Start saving towards an emergency fund. ($1,000). Step 2: Get rid of all your debts except your house. Step 3: Slowly build on that emergency fund to cover 3-6 months expenses in your life.

I feel SO AWFUL for being so mindless with money in these past 25-years. I lived without budgeting.. I lived in late-fees and overdraft city... I took out student loans to go to classes, and never did achieve getting that degree... Also, a few years ago, I drew out what little 401k savings I did have.. To think, if I had saved for all of these years Ive been working, I could be RETIRING soon!! ... (I take FULL RESPONSIBILITY for what I've done, and not done)... and now, So now, age 43, I've begun my financial make-over.

Dave, I'm so glad I found you before I ended up like some of your callers. My wife and I are about 20,000$ in debt and combined we only make 35ish. But our rent is only 400$! We just started Monday and our emergency fund already has 550$ and if all goes to plan, we should be debt free in two years!

This show should become a required High School/College course to take in order to graduate. Dave for president.

"stop spending more money than you have, you're not congress" almost fell out of my seat laughing.

Consumer spending is the worst thing you can do. The highest form of entertainment is peace of mind and overall health!

5:35: “If people aren’t making fun of you, you’re probably not on track” I have had co-workers make fun of me for the car I drive for years. However, these same co-workers have recently begun asking my advice for how to run a household and get out of debt. Talk about a confidence boost when you don’t have to impress someone else with what you own.

I put down 25k cash on a car and the car salesman was shocked....he was like....how could someone at the age of 27 pay for a car in full?

I just came across your videos on RU-vid and I've been aggressively challenged on my finances .... I'm from South Africa 🇿🇦 and you've been like an online financial doctor/preacher sir. You spit the truth and you are very consistent in not embracing a lifestyle of hypocrisy.#respect

"People are stupid, people are broke" now this is some wisdom

I came across your channel because I was looking for advice on how to buy my next car. Well, that changed. I guess I'll be paying off the 2 I have, and grow up. I just needed someone to tell me that. Great clip!

That initial saving is so important to set the stage for wealth accumulation.

Love how truthful and blunt Dave is!

I'm so grateful to be debt free & have my emergency fund. We're blessed to only have our home mortgage payment left. Thanks Dave! I was doing your system without even knowing it, good common sense money management.

I’m so glad I found Dave Ramsey. These videos are really helping me realize that I desperately want to be out of debt. I was never taught that it could be attainable. Listening to Dave’s radio show and RU-vid is changing my whole mindset on money. Thank you. 😭😓😊

Dave,The TRUTH hurts.I work two jobs and make about 50k a year and I'm still broke..I finally come to the conclusion that its not what you make its what,IT"S what you do with it.?I live paycheck to paycheck and that has changed.I've been listening to you on the radio on my way home from one of my jobs and The TRUTH that you are saying and it might hurt but I have to own it.I have to deal with it and know its not going away.So,THANK you for opening my eyes on the truth.

Stop acting rich! I love it!!! Who are you trying to impress!?!

Great video. So true. Americans appear to be rich, but almost everything is financed.

Let your broke friends laugh! At least you will be "laughing" all the way to the bank!

That’s me. I’m 26 and completely debt free besides my mortgage. I live with my boyfriend in his house and I’m currently renting out my for almost twice the amount of my mortgage payment. My house is set to be paid off in 4 years as I make double mortgage payments and I have 10 months of emergency fund saved up. Never had a car payment, credit debt, student loans, ect. Everything except my house was bought cash! Thank you for the knowledge and wisdom uncle Dave. 🥳

I've been watching for two weeks now and Dave's videos are great. I accomplished my debt goals in 2018 #1 paid off my car 22 months early #2 paid off my piece of property 7 months early. I now own all of my assets and now I'll be going after my 2 credit cards. Already, i have lifted so much stress off of my shoulders.

Thanks Dave!!! I like the line: "Quit acting like something you are not" For not all that glitters is NOT GOLD!! Such as flashy fleeced cars and humongous homes that eat up half or more of annual incomes.

My girlfriend and I began 2024 with roughly 24k in debt. We are now around 10k and will be very close to getting out by year’s end. Absolutely changing our life, and our future. Thank you.

So much valuable information in 9 Minutes.... Change your habits change your life!

I got millionaire next door at a thrift store for a dollar. It changed my life

I'm 26 and have 100grand saved and looking to buy rental property. I never had an emergency account. I just saved and tried to live poor so I had poor emergencies.

Fantastic video!!! Wish I had heard this guy 30yrs ago when I started my wealth growth plans. His empirical statement i adored was " stop pretending to be rich".

Dave Ramsey is Heaven Sent. He's giving real Advice!!

I'm runnin like my hair is on fire right now. I'll be done with baby step one by the end of the year.. feels like forever BUT it will be a great start to 2018 & it will be nice complete the majority of the babysteps in 2018! More power to those who are doin the same :)

Rich people live like they're poor, poor people live like they're rich.

Big hat, no cattle.

People need to pay down all debt and never get in debt again. "Cash flow" everything is the best way to live. I just made a video on this same topic. Love it!

It's like my dad giving me a fatherly lecture. It hits home.

I took this to an even greater extent. I learned Spanish and Moved to Latin America. I spend one-third of my pension check and bank the other part. I live the life I always wanted. I eat out lunch and dinner every day, travel every three months and each month my wealth increases. I can buy anything I want, when I want and I live in a city that has 75-80 degree weather every day. The stress and drama is gone and now I wake up and decide to do anything I want.

"A student loan we've had so long we thing its a pet" LOL

Financial Peace University-where would we be without it? Listening to Dave Ramsey is like a lullaby to my soul. Listening to Chris Hogan, buying his books, others never listen to me, but when I tell them about these Godly men, everyone listens. Rachel is my favorite wake up show bless her, she is so bubbly and such an instrument of God. Can you imagine how rich their hearts are? Who has ever treated you this well besides the Lord? Dedicated servants, people. These are some serious God's people here so turn up the volume and let them blast you to Paradise! Wow. God's work is full force...a true kingdom built for you, America. What a slice that never ends. (They appear like they do not sweat!)

Dave the GOAT!

I enjoy how Dave Ramsey is consistent about his teachings across all his videos

Love this video - panic like your hair is on fire 😂

If I live and keep good health, this Guy is gonna help me break generational curses

I get so fired up watching you Dave. God bless you man.

Agree Dave is awesome. His ideas have helped me get out of 30,000 debt (still have 5,000 to go). Now, God Willing I can start to save. He is so smart and straight forward. I learn so much when I watch his videos, plus I laugh. He ha such a sense of humor. His directness is logical. I use that same direct approach when teaching students. There is no sugar coating. Love it! I can not wait to have zero credit cards and use cash. That's an ultimate goal!

Love Dave. Money motivation!

Emergency funds are fundamental to wealth-building! Do not start investing or doing anything else crazy with your money until you secure an emergency fund. Otherwise, you risk getting wiped out.

I appreciate Dave calling me out for being stupid. I need to start acting right and start making better money decisions Thanks Dave

1. Save 1000 2. pay off debt 3. Save 3-6 months of expenses

I agree, what I do is basically create an account which I do not have a card to. Which means anytime you need to pull money from the account it will take time to pull money from the account. Putting $100 / $250 away every month goes an extremely long way. The best way to really and truly put money aside is to automate it.

Love it! Straight forwarded!!!

My wife and I just started the baby steps. On step 2. We're excited to rip through some student loans!

A year ago I had a great credit score, a car payment, paying off credit card balance each month without incurring interest and a low mortgage loan rate, and I was stressed out because I can't save a dime... Today I got rid of all my credit cards, paid off the car loan, have 8 months expense as emergency fund, saving 15% towards retirement, saving for college for my 3 kids. My score went down to "good" and they colored it "yellow", so when I am ready to refinance my mortgage to 15 I'll probably get a higher rate... But I don't care as I now have a realistic plan to pay it off in 8-10 years... I don't stress about savings anymore all because I took FPU and changed my ways... Sure I have many friends who see me as weird and unwise with money and investment and finance in general, but I've decided to be stress free instead...

It's nice to hear someone other than Dr Phil, Judge Judy, or Gordon Ramsay, giving people that slap in the face that we all need with blunt, honest, real life advice.

I live in London and I’ve never bought a car on finance before, I always pay cash for my cars. Most expensive car I’ve used I paid cash for it $12,000 .... a lot of my friends pay car notes of between $700-850 monthly....and I know some struggle to pay it.

I’m eating rice and beans watching this. I’m on my way!

This is officially My New favorite Video. This feed my Soul and got my mind right.

“In case of emergency break glass” Love that💕😂

These rants give me life at the gym.

Another amazing rant!!! Thanks Dave!

.R.I.P. and Amen to Tom Stanley and May He Rest In PeCe Forever Knowing That He, Tom Stanley, Was Loved, that He, Tom Stanley Is Loved and that He, Tom Stanley, Will Be Loved Forever, Rest In Peace and Amen To Tom Stanley, Forever ❤️🙏🕊

I would definitely put emergency money in a fund where I could get the money out in a day or two instead of a normal bank account. There, money grows by 1-5% instead of earning 0.05% interest or whatever your bank gives you. Always make more money if it's possible.

Dave brought it 10000% with this one..I'm with you Dave!!

Dave, Thank you very much for giving us your knowledge....very much appreciated.

Finally got my FU money account filled up. Feels good and to be honest it gives you a certain swagger at work and doing other business. I work construction so I thought having a year's worth of cash is important cause while I make good cheese it's very seasonal. And an injury early in the season might mean I don't work for a whole year. Now I plan on dumping 30percent into the 401k and using the other income I have to bankroll a business and start trying to become my own boss.

My favorite Dave Ramsey video! So inspiring 😊

Easy to understand, very complicated to perform obviously, but fight on folks ...

I like that idea about having an emergency fund to lower insurance costs.

I watch and walk towards this message - over and over and over. I am soon getting there!

This is the video that motivates me to continue, it's like Dave pulling on my ear like a little kid.

This man's a "Deity"! I only wish God had given me sight of the Ramsey show 10 years ago. 👏🏾👏🏾👏🏾

I have Dave's SUCCESS media CD segment from 2009 I listen to monthly. I have the EMS fund and EXACTLY , Adults devise plan AND follow it, children do what feels good and act like children. JEALOUSY rules, IGNORE it and succeed.

When I was proud to have a $40k job in my 20s, the old experienced dudes with beat up trucks kept me humble.

This is one of the most important videos of this program i came across so far.. thanks Dave!

DAVE! I had a dream a few nights ago after I paid off my credit card where I got a letter that said that you were going to adopt me and be my dad because I was almost done baby step 2, and then Rachel called me and said that she was going to help me write a will and it was the best dream I was sobbing hysterically and was heart broken when I woke up. Can you still adopt me or is it too late? I'm 21 and have my starter emergency fund and a 4000$ student loan left. Dave please.

You can find some decent high yield savings account for something like this, though that's little more than 1% a year as he said. Not a lot, but as your emergency fund grows during step 3, making a few dollars a month at the least feels good.

Powerful!!! Thank you so much!

Dave Ramsey is the best mentor out there

No payments but a house payment and $10k set aside for insurance from emergencies... Deep stuff.

I love this man!!!!.REAL TALK

Dave your like a prophet man! Greatful for your preaching and lessons!!

People ask me all the time, "does David's system really work? The answer I have is, "it works for me", you might want to try it. And it's true that you will be breathing easier with every bill you pay off, with every step you complete, you will be less worried and closer to financial stability.

The Millionaire Next Door was a fantastic book. I love the 'Big Hat, No Cattle' analogy from the book...when European trust officers dressed to impress (themselves) meet a Texan that has twice their net worth but think he's a truck driver

Dave, alls id like to say is your doing Gods Work...because America NEEDS THIS BADDDD..keep going!

Never leave money in your house, unless you put it in a fireproof, waterproof, bolted to the floor, safe in the corner of your closet

Nothing but great wisdom here!

Yup! This is a real national financial security. We take accountability of our own decisions.

I'm hearing you Dave... I'm HEARING you!

I literally took a big breath and sighed right before he said that that's what I just did. This man KNOWS

Thank you GOD for find Mr Dave channel and follow that way to be free debt 😀GOD BLESS YOU

We are talking all the time about debt, credit etc.. Let's talk about better situation. There is people without collage debt, overall they are fully debt-free. They have some cash saved up. Let's talk about these people, what they could do next, how to reach higher leverl etc. Let's walk not in baby steps after those 7 steps. :)

What I like most about Dave Ramsey videos are the comments. The Stans hold it down!

I'm in Dave, I bought in. Now on baby step 3 and nearly done and moving forward, Its great. best place to be. You have to pay a price to WIN.

I love this guy!

For me, this is one of Daves best videos

Love the no nonsense approach a lot of people nowadays want to look rich they buy what they cannot afford glad I am good with my finances. I am in my late 20s bought my property thanks to savings and delayed gratification. A lot of people spend more than they earn to keep up with the Jones. If you lose your job today how many months savings do you have to survive on always keep a rainy day fund.