I found Dave Ramsey in 2020. Since then I’ve paid off $16,000 of debt. Now I’m working on building an emergency fund. I didn’t even have a savings account three years ago . My life changed completely and started eating better and working out.
@@Quick773 bible says one day every knee will bow and tongue will confess that Jesus is Lord. If a person doesn’t know if Jesus is Lord here on earth then they should come to the knowledge of Truth start by praying “God reveal the truth to me so I wouldn’t be deceived because I want to know the truth” but if they’re just rebelling because of pride they should humble “self” and start being obedient to the Truth rather than rebellious
@@Quick773 God the Creator gave Moses the 10 commandments in stone saying “I am the Lord God your are not to have any other Gods before Me.” There can be a million Gods but only one true God and He came into this world not as a Judge to judge this world, not as a lion to destroy or tear apart but as a Lamb to redeem this world and to take all the sins of mankind upon Himself because for our sins there has to be bloodshed and a ransom and He came from His glory into this filthy earth to do that because He loved and loves this world. It’s like if you dropped your expensive precious diamond in mud, you’d (mosk likely) come down even in your clean clothes and stick your clean hands into that mud to get that diamond because it has much value. Bible says that God loves mankind a lot a lot, we can’t comprehend and He made a way for us to be united but we have to humble ourselves and accept His offer or we will pay for our own sins.
It's not really all that impressive. Dave is her father. It's not the first time she's asked him to hush so she can finish a sentence. He's also probably more prone to try to talk over her than the other personalities.
I’ve been saying this for a long time. There’s so many people blaming their poor money management on the pandemic and inflation. It’s just an excuse. If things are more expensive then cut back on your expenses.
I found Dave on Sirius XM while stuck in traffic in 2017. I got hooked on the show. Read TTMM, followed the baby steps, and I've been debt free since mid 2019. I'm now on bs6. Thank you Dave and staff! 🥂
Been 100% debt free since 2017. Makes life a lot simpler. Right now we're making a monthly car payment to our savings account. We don't need a car right now but the money will be there when we do.
I love Rachel’s perspective bc she speaks for many middle class Americans. Not saying that she IS average middle class, but the point of views that she has and speaks on are what many Americans experience. She gets it lol. I, too, enjoy the Father/Daughter dynamic. It’s okay to have different opinions and perspectives and still get along - whether by choice or by default lol😂
@@georgewagner7787 He should hire better-qualified people, so they’re actually saying something valuable and shouldn’t be cut off because it harms the program and listeners.
Both Rachael and Dave are right. The middle class American lifestyle is getting harder to afford. Things like a 3-4 bedroom house, 2 cars, daycare, going out to eat a couple times a month, hosting a bbq, having a couple of kids on sports, getting a professional haircut once on a while etc. is getting harder. But if you look globally or historically, though, our middle class lifestyle is still outrageously posh. Most of us can find ways to “tighten our belts” ( and maybe that means humbling ourselves a little bit) but it has to happen to win in the long run
Most social engagement weren't simply a requirement for any particular social status. Especially when the demand out weighs the supply / most folks who had skills talent B 8:15
I so wanted to take my kids on a vacation.We had to cut back on local things so we could afford back to school clothes and supplies.I budget my spending and had to cut back a lot
I'm in love with you for this video Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and Kate Elizabeth Amdall enough for such an amazing way to make money!
Yup. My parents raised 4 children in a 1,300 sf house. People now can't imagine having 1 child without first having a 3500 sf house. It would feel too small if it was any smaller. Our expectations have been inflated and it is making life harder than it needs to be.
@@Bubbaxmonster depending on which weekend/day my partner and I have our kids we have 5 people here a lot of the time. 1 bathroom, main floor 600 square feet, one walk in closet. It’s tight but the house is paid for, I’d rather this than a huge house with a matching mortgage any day.
@@boneyn3661 yeah not ideal but I save $4000 a month for when we decide to build something bigger. We’re on 100 acres so plenty to do outside. Whole house with the basement is probably 1500 square feet so not as bad as it sounds. It’s worth the savings at the moment for the future.
I like the perspective that Rachel brought. Yes many people are just bad with money and need to adjust their lifestyle, but undeniable that inflation is something that can't be ignored and is impacting families that are good with money.
If you are good with money, inflation matters little. I appropriately adjusted all spending and haven't felt any difference. I just stopped buying things that weren't necessary to live and that created the space to still save 50% of my income and cover all living expenses. People just don't care or want to cut back ever.
My father was unemployed/under employed when I was in high school. Even though this was a hard time, I learned important lessons about money and spending. I learned about want/need and frugality. I was terrified of debt and lived at home when I went to college. This experience served me well as I was able to retire at 51, and I will start Social Security next year at age 70.
@@marksanders9887 what am I lying about? You do realize that you get the maximum Social Security By waiting until 70? What is 62, 65, 67 stuff? When people take Social Security is dependent on their own personal financial situation. Have great life, Happy New Year!
I’m on my way to becoming debt free!! Didn’t think it was a reality….until I started listening to Dave and his team! All I was doing was working and paying off credit cards but Dave opened up my eyes to the reality that it’s not a way to live. We are not required to be in debt. We can control it! 👏🏽👏🏽
People really do buy stupid stuff and call it a normal life. You don't need 50% of the stuff you have in your garage. Sell it and never buy it again!!! Thank you Dave saying that out loud 👊
Wait, wait stop right there.... my two motorcycles and the Ryker aren't going anywhere 😀. It does help that I'm at BS7.... and their total value is maybe $22K.
I agree. All the people that are complaning about not being able to pay their bills it has nothing to do with inflation. Before inflation hit, they couldn't pay their bills. It's just that inflation has opened their eyes more on why they should not be living in debt.
I had a hiccup in employment and slowed down my snowball. I went from 31k down to ~12k. I did just pick up a new welding/machine op job with a $6.50 p/h raise. Just about 3 months into my welding career. I should be out of debt around Nov. Dec.
Epic! Your almost there and can start saving for the good stuff. Like when your car breaks and you have the cash to fix it or replace it by buying a car off someone who couldn't afford the payment. I have a feeling used vehicle and new vehicle prices have peaked and have a long way to fall.
I've had this discussion many times when people say, "I can't afford to stay home with my kids". In most caes, they can, they just done want to sacrifice their luxuries. My mom had 5 kids, stayed homes for 20+ yrs and we were lower middle class at best by 1960s-70s standards. The difference is my mom kept a budget. Shopping was not a hobby. We had some school clothes, church dresses and some play clothes, and 2 or 3 pairs of shoes.We got toys/gifts for Christmas and Bdays. We had one phone, one tv, a washer but no dryer. My mom cooked all our meals, I can only remember going out to eat a handful of times. There were no fancy vacations, birtbday parties were cakeand ice cream at home with friends. People have become so greedy and spoiled.
i stayed home in 80's and 90's but worked per diem. It was hard and i had to charge big car repairs or water heater etc. but it was much cheaper than daycare and I couldn't stomach the ones in my budget. I saw too many tears and angst from friends who couldnt stay home but had horrible daycares . I don't regret it, the consignment stores, the eating simple foods the lack of vacations (kids realize they never saw disney as a plus now but was odd back then) It's scary to give up paycheck but working part time gave me some extra money and kept resume a little active. Prices today are worse and some jobs the pay isn't meeting it. I try not to judge others but they really need to do the math. Maybe they can stay home.
I've been working on downgrading my lifestyle. And I will tell you it is extremely difficult. We aren't doing it because we can't afford it. We are doing it to have more cash on hand at anytime.
I increased my lifestyle through the past two years. I need to go back to following Dave. I forgot how much i didnt stress about money when i strictly followed Dave
She hit the nail on the head with housing cost and square foot size. I hear people complain about how in the 50s you could buy a home, live off one income etc. They don't calculate in that the average square foot size of a home has increased by 2.5 times. Not to mention the pool, and other extras that we now think every house should have. You can still afford a house if you can find a normal size home. the issue is most homes are too large.
Ive lived in a 500 sq ft. Apartment for 40 years partly due to illness but i don't spend much. Not that i want a house to retire in upstate, they have doubled the interest rate. I don't need a big house just a backyard. Thanks to free money that caused inflation i can barely afford it
My son was maybe an odd ball. Wanted under 1500 sq ft with his wife, no pool, nothing he had to pay extra for he didn't want. I don't get why you buy huge and then complain. Does the extra walking space really matter?
Mainly because people keep buying crap they don’t need and only make the minimum payments. If you have college debt, live like you’re in poverty and pay whatever extra you have towards the loans until they’re paid off
Dave and Rachel were each talking about a different group of people. Dave was addressing the people who were living above their means long before inflation hit and Rachel was talking about families who are trying to do the right things financially but are now really feeling the pressure or inflation. They might as well have been speaking to each other in two different languages.
I'm not sure they are talking about different people. For example, around 7:30 Rachel mentions families with a "reasonable" budget having a hard time. It is possible that if they were going into details, Dave would disagree that their budget is great and needs no changes.
Yes two different groups of People. Homeowners insurance doubled in California for some families. Instead of $250 mo it’s $500 in fire risk area and there are no choices. 70 yr old goes back to work. Oh well….some big surprises coming and these people have no clue at all😂GESARA💪🏻
I’ve been on Dave’s plan since 2016, I’ve paid off all my debt and have started investing and building wealth, but inflation sucks! It makes it harder to save since more of your cash goes out the door to cover basic needs! Soon if this keeps up I won’t be saving at all!
To be honest. Inflation in US is nothing because the money we earn, we can buy more products compare to people living in other countries. Here if I work a day and earn $200, that would be enough to feed me 10 days.
Inflation is worth a complaint, if you at low wage worker it outpaces your quality of life and it’s something that government directly control based on their economic policies.
Glad that Rachel pushed back a little here! A bag of generic apples at Walmart is $8 where I live. More than an hour’s labor at federal minimum wage. (To be clear, I think minimum wage is a horrible idea, just a price comparison here.)
@@genxx2724 I was assuming that most people grocery shop enough to identify with the comment without more detail. Since you asked, I live in Missouri, and I was referring to a 5 pound bag of normal red apples.
@@ForTheChristians Those are called Red Delicious, not “normal” red apples. Having said that, I’ve visited a tiny town in Missouri and I saw how small the selection of fresh produce was, and the poor quality. Maybe it’s better in large stores in bigger cities. I’m in California. I don’t buy bagged apples, but our apples are $4.99 and $5.99 per pound. It’s awful.
There are still decent $5,000. cars out there, in spite of inflation and the high price of new cars. As much as I would like to replace my 13 year old Tundra with 195,000 miles,,I like being debt free better.
There are still new cars available in the $20-25k range, but people don't want them. They're not big enough or fancy enough, especially the latter. People want every bell and whistle - heated seats, heated steering wheel, 20 way adjustable power seats, and a whole laundry list of other options. Plus they opt for SUVs and pickups, which have the highest markup of any vehicle. That's why the average new car purchase is $48k.
First house mortgage 1999 interest rate was 9.5% and when I made my first house payment $26 went to the principal. Buckled down and paid it off in 7 years .
10 years ago, I was able to afford a 3 bedroom, 1 1/2 bath, fenced in backyard, patio, and basement townhome for $500. Now, with the same career, I can't afford a small 2 bedroom apartment for 1400 a month on my own. That's not including electric, water, garbage, renter's insurance, and hot water...I was approved for a home loan of 125,000, but no homes were in that price range. Even the fixer uppers cost more than that. What a sad society.
Yes, we are all spoiled when we live in America. Many people don't have a clue on how hard life is in other countries. We are all spoiled here. A kid in the very low income family in America can be super spoiled and very entitled. Wants are always coming first before needs.
For 20 years we had an average inflation of ~2%. People were still spending all that they earn, no matter how much they earn. It is an attitude problem because when people earning 500K/year are living paycheck to paycheck, there is an attitude problem, not an income problem. Everyone needs a budget to understand where their money is going. Most Americans do not know where it is going.
It does seem overwhelming though if you start late in the year. Once you get started it becomes fun to build your own process and keep yourself in check on what's being spent.
sure but i switched jobs for a significant bigger shovel, made a good budget, work side jobs, and then costs exploded anyway, still doing better but it feels like a dark joke
Agree with Dave so much. Lived for 25+ years overseas, came back to the US for the 1st time in 2021 for 6 months. Visited some friends, family, etc and was blown away by how much shit every American has in their house.
I know lol... for everyone complains and complains should visit other countries to see how other people live. We are all freaking spoiled here and to the point people don't appreciate anyone anymore. Example) If you give them useful stuff that you think they need it, they probably will throw away even though they live below the poverty line because they demand more fancy stuff. Weird human psychology, and to be honest, I don't feel sorry for a lot of people here because wants always come before needs.
The problem living in America it’s that we’re prone to spend easily because we see people doing well and we have to compete with in order to feel better about ourselves.
It was empowering when I survived on peanut butter and jelly sandwiches grocery bill < $50 monthly to save money for a down payment for a house. I love the simplicity of not cooking, lots of counter/storage space, saving money and time. Dave is right. Most people in other countries can probably live for years off what most Americans have in their pantry. We are a country of glut and excess.
@@milfordcivic6755 Age > 50 perfect blood work. Perfect vision. Says who? It's mind over matter. You prophesy what you believe. Right believing leads to right living. Stress like financial stress is the usual cause of people getting sick and overweight. Trust in the Lord Jesus keep life simple, and you will be ageless with a healthy happy life
I have not paid interest except on my mortgage in years. I am 74 and live comfortably. 80k in income and I live way below my means. Extra on my mortgage every month and a grand or more into savings every month. I still do what I want when I want. I feel like a dinosaur. Hubby and I budgeted with envelopes when we got married in 1968. He passed three years ago but I still budget.
Agreed, too many people think they need, or even deserve, houses, cars, lifestyles that are so much bigger than what our parents and grandparents had. Both sets of my grandparents lived in a modest house, had one car that was well cared for and made to last because cars were expensive. Ditto my parents, though they had two cars. I can't say they were missing anything out of life. They just hadn't been hornswoggled into thinking they needed a pile of stuff to enjoy life. And you heard the phrase "we better tighten our belts" when money was tight, not "charge it".
I full agree with Dave that the expectations of what the middle class lifestyle is has gotten outrageous. I was looking at what is considered a regular middle class home: 4000sq ft, travertine floors, marble countertops, stainless steel refrigerators, ect. Compared to what I grew up with as a kid and teen (and I grew up in typical suburbia), those homes were considered upper class or mansions.
It's not so much expectations as availability. No one is building starter homes anymore. I barely see any new homes being built. Almost no existing homes are for sale and the few that are for sale are sold immediately for tens of thousands above asking price. The situation isn't comparable.
@@grega2362 So you're saying there are thousands of small starter homes available in markets all over the USA, but young families are turning their noses up at them and they are sitting unsold? Please clarify.
@@Feanor1169 Nope, the appetite of younger generations to start out in what their parents have at retirement has made the starter home a joke. Although there are quite a few out there, no one wants to buy them. quick zillow in town 19 sub 100K most 60 or less. 2 br 1 bath. So at a guess, I would say that thousands is not out of line. Might have to move and fit your income to the area. Thats what we used to do instead of sitting around and complaining. I moved, took a pay cut, and am a lot better off.
@@Feanor1169 My son just bought a home 1300 sq ft and its his "forever home" Has no intention of moving. 3 bed, 1 1/2 bath and they'll be fine. Many don't want the stuff others buy but still have a hard time making ends meet. I was thought of badly when I couldn't sign my kids up for every sport of music or dance. I wondered how most of the parents paid for it when we seemed on the outside, the same. Maybe they charged it all, maybe grandparents paid, maybe they had inheritance but I know the pressure to be like the ones living large never goes away.
Haven't really thought about this but yes, wife and I have cut back just to stay in the game of getting ahead. Dining out, junk we don't need, and needless driving (fuel bill) have all been slashed pretty good. less than three house payments left though so the Dave Plan is certainly worth a little sacrifice.
it does work but Rachel is honest she is well off and doesn't have to give up her coffee or Dave his many cars. She deserves what she has but she is the only one I see in her face/eyes, that gets that they are talking from privilege.
@@deb9806 yep. Love Dave and the show and what they are doing, but sometimes they need to see reality for what it is. The majoirty of people barely making it are not spending frivously because they want to. They spend it to survive they have no choice, they have an income problem. Majority of jobs just don't pay enough when compared to the rising costs of everyday life and that is the majority of jobs. Skills and education take a long time to acquire, and not everyone can live with their parents. Its tough out there. Yes there is those that do it to themselves but thats not everybody.
@@andidede3653 so true and they don’t have skills to do more or time to work 3 jobs and be away from family. My job in an office could never support a family. He's had calls where he knew they couldn't get income over 40,000 and mumbled something about Uber. That is insulting and not taking into consideration where they live, childcare costs, babysitting and other things. That's where he falls short. He wont even hire someone at Ramsey if the position wont support their family because he knows they'll leave (not pay more but not hire) He knows some jobs just aren't paying enough with inflation but still needed jobs
@@deb9806 yep this is a major problem with him. I have heard multiple people call in and speak with him about their $40,000 job where they have a $500/mo mortgage and no car payment and can't make it work. he has virtually no advice for those people. then a guy with a $200,000 a year job whose wife makes $250,000 and they have 1,000,000 in loans and bad debt and another $600,000 in house debt.
I'm with Rachel on this one, going backwards in lifestyle is emotionally difficult... I've been going backwards in lifestyle for almost 2 decades now due solely to the increase in the costs of living drastically outpacing salaries. I have no debt and I am as frugal as they come (14 year old car, small 2bed apartment condo, 1 luxury vacation in my past 30 years). My overall net worth has increased because I've managed to sock away a very small amount of money and have built some equity in my home, but my lifestyle is basically non-existent and it just keeps getting more and more unfeasible to have any interests or hobbies unless you like digging in the garden.
@@OShackHennessy feels like minimum wage... however it is above the national average (according to Statistics Canada, not the average Ramsey Caller who makes 6 figures)
The one aspect of debt that has been normalized the most is car debt! I know a woman who is pushing for me to buy an expensive car with a loan because mine is paid off!!
Your channel has changed my life and will change my family’s forever. You have done more good for people around the world with this channel than any government or politician has or will ever do. Thank you
I just paid cash for a lexus, gave it to my new foreign wife, she works part-time. I'm retired but had a low paying government job when I was working. No debt and compound interest made me a millionaire. Simple strategy but it works....😊
We were fortunate to find (and follow the advice of) DR in the mid 90’s after college. We didn’t follow every rule. We used credit cards, but always paid them off every month. We never made a real budget, but always lived on 50-90% of our income. We did always pay ourselves first and always made two or three extra interest payments on the house each month. His books and radio show kept our focus on the ball year after year. Today we are in our fifties and retired (debt free with plenty in savings). If you are the kind of person who has trouble with delayed gratification, follow the rules exactly. For any young person reading this…follow this man’s advice. Have the discipline, THE DISCIPLINE, to follow his advice. It will pay off in the end.
It’s not inflation over 18 months. It’s inflation over 50 years. Food costs 10 times more. Basic housing costs an asinine amount. Transportation costs tens of thousands. Education costs 8-10 times more. Yet, wages haven’t even come close to being sufficient unless you own a business. People can’t afford to live off one or even two jobs. So they stop working because the government pays them more. And nothing gets built and people get upset everywhere is short staffed. We have to re-do society and our economic system as a whole. It doesn’t work.
People will pay big bucks, and go into debt, to satisfy their entertainment wants. Amusement parks, concerts, limos, vacations, sporting events, movies and theatre, dining out, all are major expenses. All are also NOT needs. Self satisfaction and ego are the main forces why people are in debt. And the thing is, they are not concerned about it!
I'm so glad to be in the same boat. I was blessed with good parents! I graduated with no debt, got a career, retired early, got an inheritance. Now, I just focus on saving and investing. 🤑🤸♂️🤸♀️😇🙏💯💯💯💯💯💯
Going backwards was the best decision I ever made...I was driving a mint condition 2011 Mercedes, I sold it and bought a 975.00 1993 GMC, I drove it 3 years and sold it for 1500.00. I will walk before I make another car payment.
Buying things that last more then a year seems to help also. I went back to washing dishes by hand after replacing my dishwasher twice in 4 years. I don't buy plastic products or cheaply made things anymore. Frustrating having to throw money away because it was cheap to buy. Not to mention cutting back on unnecessary monthly payments streaming services, internet, satellite tv/radio ect. Phone with RU-vid and a decent Data plan that you can hotspot and your good to go.
@@FortuneSeek3rz that's because it is 14 years old. It's like cars. New ones are built for features and fuel efficiency were as older cars were built to last and be reliable.
I've been budgeting for 30 years in a spreadsheet but was using my credit card for nearly every purchase that wasn't a utility. I went back and looked at my statements to further categorize what I was using my credit card for and have begun the transition to cash only, either with hard cash or a debit card. Trust me, you pay way more attention to what you are buying when the cash is coming out of your account immediately and it has an effect on how much you spend, especially if you set a predefined monthly budget. (Yes I spend an embarrassing amount on my doggo.)
I just pay close attention, regardless of how Im paying for it. Money is money to me. Pay your cc balance and you're good. People need to stop spending money they dont have, on trash they dont need.
Treating my cc like a debit card (reserving funds in checking for purchases made on cc) has been helpful. My only expense has been the annual fee. I feel more comfortable using cc, because in case of fraud my account wont be wiped out. I know thats not popular here. Is there a video that discusses this?
Rachel is right, so is Dave ;we just live normally but normal is "in debt". It's so tough mentally and emotionally to downgrade but financial anxiety is tougher.
You also have to have enough income to be able to save. I know . I have always been frugal by nature. Until I finally got a decent job in my early thirties it was impossible to accumulate wealth. With great effort I keep my debt load low in the before time. But most people would not have been willing to do the strategy I used to keep my expenses low.
How about single parents who are raising three children with making $20,000 a year 🤦♀️? I beg to differ that my “lifestyle” has anything to do with me being broke especially since I pay bills and meet other obligations, then have little to no money afterwards.
Lifestyle creep & keeping up with everyone else is real. Stay in your own lane. We really don't need half the crap we currently have along with the so called luxuries. There's nothing wrong with having nice things, taking nice vacations, etc., but don't let that stuff suffocate you.
Agreed, also about trade offs. After listening to Dave, I now have a great house, emergency fund, and in general am in a much better situation. However, I drive a $4000 car and likely will never own a car less than 5 years old. Not a car guy so it doesn’t bug me and I’d rather have a nice house that my whole family spends their time in rather nice car for my work commute.
Exactly. I bought a $5k '97 Lexus ES 300 with 151k miles in 2006 for college. When I graduated college in 2013, I owed $45k in student loans while starting a job at $60k salary. I could have paid the debt off in a shorter amount of time, but it took me six years due to spending a bit on misc. nice things and vacations. I make over $100k now and still have my ES 300. It's sitting at 325k miles. I've began my minimalist lifestyle and saving after paying off my debt few years ago. It's been great having no debt!
I'm very glad that I found out about minimalism and my needs vs. wants few years ago. It has greatly reduced the items I own in my home, saved me money, and also gave to those who can use them more.
We actually don’t feel the need to run away on vacation when our space is clear of clutter. Minimal living is a secret weapon! We also thoroughly consider things before we buy them.
You know your a frugal addict when you nod your head in amazment at some of the stupid decisions friends and family make. I feel so blessed to be a frugal addict - I am never worried or anxious about my cashflow.
I’m so close to paying my debt! About 2 years probably less and I will be financially free! I took your advice 4 years ago. And even thru pandemic and 2 job losses, I’ve been able to put my extra cash towards debt. Priorities!
The worst is when my MIL buys stuff for us that I don't need. She bought me a duster like the one she has even though I already have one. She bought us a an extra crib without talking to us first, even though we already have one. She kept buying us diapers and baby pajamas at one point and until I said "Stop, we need to use what we already have." I sent her a list of baby things we DID need in case she wanted to get us something useful. She didn't buy anything on the list.
Dave. You're 100% right, but a little shallow on this. It's not as easy for people to just make a decision to change immediately. Financial struggles and irresponsibility is a symptom of something going on inside mentally. People should see their pastor and/or a therapist and work on their mental health and other issues going on in their lives that's affecting their mental health to get to a point where they can make the right decisions.
😂😂😂😂I love Dave Ramsey lol...he gives you the truth no sugar coating. It's somtimes hard to hear, but it's needed. I just recently graduated nursing school and I'm doing the work so me and my kids can live debt free. I pray the tools I learn and use on this debt-free journey will help my other family members to decide to become debt-free too🙏🏾🙌🏾🥳
I think the biggest pitfall people fall into is buying a house that’s way too much for what they actually need. The explosion in popularity of the mcmansion is hurting people the most.
Now there’s a new type of house called Next Gen. It’s the opposite of a McMansion. A modest house that contains an ADU. My friend just bought one in Arizona, built by Lennar.
The best investment other than what Dave said is a coffee grinder. Beans are cheaper whole, its fun to grind, and there's a fresh cup every morning. And you get to skip the drive thru line😏suckers...
TRY $1200 for a Crew cab F150 in 2023. Prices have gone up! I pay $750 for a simple Mazda cross over. I couldn't get anything under 40k that wasn't cheap plastic interior and crappy CVT instead of a real transmission
I wrote a $6000 check for a 2008 stick shift Dodge Caliber in 2014, I still have the car and it runs great and gets 34 MPG. My in-laws have luxury SUVs that they have 84 month loans on and they think I am poor LOL!
They’re spot on. We’ve blurred the line between want and need significantly. We’re a nation influenced by the influencers to live in a way that is only harming ourselves. If you’re struggling in this boat, you don’t need to be. You may not be able to control inflation or the speed bumps in life but you have the ability to control your behavior surrounding this. Take it!!!
My wife and I are early 40s with 3 young boys all under 4. I’m an engineer and she’s a teacher so we live comfortable compared to most. HOWEVER….because of inflation we are now paying over $600 more per month in bills and groceries. That’s $7200 per year. Thank god we’ve been investing and saving while living in our means. Many are not in that boat. A $7200 pay cut (OR MORE) per year is not something millions of Americans can afford even if they were doing everything right. STOP BEING SO ARROGANT AND TONE DEAF WITH THESE VIDEOS!!!!!
No one held a gun to your head to have 3-4 or more children! We had one child, because that’s what we could afford when we had him. You can’t have kids based on, “I’m gonna be in a better place down the road”!
