Same here. I want a new car but I hear Dave saying “ I hope you like your car note”. I just can’t justify a new car. Problem is there is absolutely nothing wrong with my current car!
My son is very frugal and doing well financially. He said that he watched me make all the dumb mistakes and decided that he did not want to go that way.
See that’s why I try to mess up so my can son can see how not to do it 😅 let’s get sushi tonight 😮 haha just kidding we paid of all debts except the house and pretty much on Dave’s plan
I'm 30.. I think I'm on the path of my parents while they had never any financial plan and spend money day to day basis without having good future plan..
My oldest son is 28. He has always lived a simple life. He actually lived on $14.50 an hour working for Walmart and managed to not only pay rent and utilities but to save money. This is all about habits. When you start spending more it becomes habit, if you live simply then it becomes habit and most of us start out living pretty simply. I tell you this because last year he was hired on at a big company as a code writer for computer programs. He now earns almost $100k a year. He still lives as if he is earning $14.50 an hour and saving. I talked to him just last night and his long term goal is to retire at 33 and travel, doing his favorite hobbies and living his version of freedom. Everything he saves he invests as I taught him and I learned it from Dave Ramsey. But it can be done if you have the will power and anyone who tells you different is just a moron. Good luck, it sounds like you are doing awesome. I wish I had done as well when I was your age. I would have retired 10 years ago!!
Debt can be good. If you simply are waiting to have all the money to make each big purchase you will not get ahead in many ways compared to those that know how to manage debt and thier credit.
Had a next door older neighbor who every time he needed money, he took out another mortgage. I had no idea mortgage companies were so stupid. When he died there were 5 mortgages. His family settled with all the. companies for $10,000. The house wasn't worth even that much. I was so glad when new neighbors moved in and started making repairs and improvements.
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You've got to start taking steps to achieve your goal.
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with GREGORY THOMAS PATCHAK, his skills set is exceptional.
Gregory Thomas Patchak is the best in this space, I'm happy to come across these recommendations. I have worked with him and I am impressed with the thoroughness and professionalism of the investment diligence packages he provides.
The only sports betting you should do is between friends. It's damn near impossible to beat sports betting long term due to the absurd juice. Those lines are where they are for a reason. They are weighted by money, meaning the money wagered moves the line. And the smarter money is what pushes the lines closer and closer to precise. So there's just no real margin. I don't know how James Holzhauer did it but not many do.
@@robloxvids2233Oh man I haven't heard that name in a long time. That is true, it's not like card counting b/c you have a 52 set of numbers. Sports stats are all about luck and your dealing with an individual as your variable. It wouldn't surprise me if James is getting paid off to be a celebrity for places like FanDuel.
@robloxvids2233 I saw a story about one guy who bet $35,000 on the Falcons to not blow the game against the Cowboys in 2020, for a chance to win $1,050. Even if sports betting wasn’t stupid, betting on the Falcons to not choke still would be dumb
Beware! Under several of these videos, someone will comment on how they’ve built wealth. Always, another comment will ask the name of that person’s financial advisor/planner. Of course, that 1st person will provide a name and the fake second person will say they looked into that advisor and either will make or have made an appointment with that person. The names of the persons always differ but the pattern is the same. Please be careful.
Yep. I report them when I see them. Then the name changes. Now I think about it i haven't seen them in the last couple weeks. Hmmm. Maybe it worked? Glad u said something too, I thought maybe I was turning karen. 😊
Many times shortcuts are called technology or efficiency, but for some things like farming and wealth building, there are laws of nature that have to be followed.
I’ve always told my kids, some people are the perfect example of, what not to do ! Look real close at their lives and don’t screw yourselves up like the “Jones’s”
Is sad that a gouverment of jerks have to stay in peoples developmet and well being. Is just their mental incapability. They will end up with bank rates procent, with a hate maximum from people, no teams and no parteners. Because this is what they are satisfacted with-poor people, poor mentality, poor habits . At the end a spit in the face.
Long before there was Dave Ramsey, there was a radio guy called Bruce Williams. 1980s into the 1990s. Bruce used to give a lot of the same information. I'm a Dave Ramsey style millionaire because of Bruce.
I love how that concept escapes people, imagine someone with cancer telling you cancer is horrible and you don't ever want it and you should do everything possible to keep your risk as low as possible, and people responding to them by saying "they're a hypocrite" lmao.
I am seeking some investment guidance. It seems like I am never able to identify trends, options always go against me, and I can't utilize scanners efficiently. I am looking for a simple reproducible passive income strategy that supplements my income and eventually replace my wage income.
I have $50,000 USD that I'm considering investing in the stock market. However, I must admit that I lack the knowledge and expertise in this area. does anyone have experience in this field, and I was wondering if you could kindly point me in the direction of your advisor or someone you trust for guidance in making informed investment decisions. Any help or recommendations you could provide would be greatly appreciated. Thank you in advance for your assistance.
You may Know Michelle Christine Parker but If you don't you may do some looking up and thank me later. She's been my adviser for the most part and it's been a smooth ride
Im a proud Mom because my son is 33 with no credit card debt. He drives a used car and has a high credit score. He also buy things on sale ir open box. He takes after me and is doing well for his age. He also saved over 20 k. So proud.
I worked for a homeless shelter for teens in my youth. Besides the kids who used drugs, the only kids we really couldn't help were those with a gambling problem.
That Vegas trip was Fredrick W. Smith, founder of FedEx. The company could no longer afford their fuel bill and the loan they needed was denied, so he went to Vegas with the last $5K the company had left. He hit on blackjack and came back with $27K to pay the fuel bill. Kept them afloat for one more week, but ultimately saved the company.
Things I learned from Ramsey that will keep you broke: buying too much house. Buying too much car. Not job hopping and increasing your skill set (the right way) for more pay. Getting a degree because "it might increase my income!" Getting a degree from overpriced big name college. Not milking community college for every last possible credit before transferring to no name in state school. Getting a college degree then deciding you want to be a stay at home mommy. Getting a college degree with high unemployment rates (like Museum Mangement) or a degree thats a dime a dozen (like Biology) and not having internships or work experience that make you stand out (Like a biology major who has a minor in Forestry or Ecology) or Psychology with a Criminal Justice Minor. Not asking yourself WHAT will this college degree do for me, what do I want it to do? Spending all your money on eating out and fancy shiny objects. Not starting a IRA or roth IRA in your 20's. Waiting until your pushing 50 to realize "Oh crap, I don't have a Retirment account" Not having a cash based emergency fund-have some emergency fund in a bank is a good idea, but having a cash based one in the safe at home as well- cuz if the power goes out and the internet goes down you'll have cash to help survive for a while everyone else is freaked out cuz they can't access their money. Not taking responsibility for your own choices. Using buy now pay later to dinner at a restaurant and drinks at the bar. Or buying that $500 purse. Or the 25th pair of heels your not going to wear.
FedEx was one of those Vegas businesses. Frederick Smith was said to have gone to Vegas with their last $5k and 5x'd it to keep the company alive. True or not, I have no clue, but I immediately thought of that one when they brought it up.
Some of us are car guys Dave. We worked in our younger years turning a wrench under them until we couldn't anymore, and in our later years want to drive something nice. Explain to me why the first thing I did was remove the "TREMOR" sticker off the rear side of my truck if all I am after is impressing people at stop lights. The real reason is I don't want the red paint to fade unevenly because of a sticker ... I look out for the vehicle, not what people think of it.
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom
Back in the 60s my Barber was a bookie. I would go to bars and restaurants to get the slips with people's bets. I got 25 cents for every slip back to him.
I can not believe how people spend money on cars. We keep them and take care of them while saving to buy the next nice used vehicle with cash. Our cars last at least 400k miles. Our home is modest and has been paid off for years. We also rarely go out to eat anything! Thank you for your video! Praise God you are here to help us.
When Mom was alive, I used to take the casino bus down to Atlantic City to fly direct to florida. A couple times I had a wait so I walked through the casino. It was sad. They call it entertainment but it's playing on the emotions of people who don't know any better. And in the ladies room, they had a shelf over the hook for the purse so no one could reach over and steal your pocketbook
It took me to when I turned 39 to no longer care what anyone else thinks. I own a rare sports car that is 31 years old, looks excellent, definitely turns heads, but I did the math recently and realized I have paid $6,400 over the past 4 years just for major maintenance type stuff. That is not including regular maintenance, insurance, and gas. I immediately thought, I have student loan debt. I'm not suppose to have a "joy ride" type of car even though it has been fully paid off forever ago. It is just isn't practical for me to keep anymore.
bro i feel you, I just turned 39 and I have a rare sports car too that I am about to sell to buy a used Corolla. Misery loves company man, whenever I drive in my econobox i'll think of all the smart people like us who had to do a similar sacrifice lol
My son complains that when he was in public school, finances (part of home ec in my education) was not taught. We have a couple of more years to get him up to speed. He currently knows the rules of want vs. need and the value of buying what he can afford. 😉
Where is common sense to delete others people emails, files and block them for having a work so can stay online and make 50 cents per click, while others dont have food on the table. What is common sense for you???? To stay live and abuse poor people or what kind of mental delayed are you ?
In 9 Things you Simply Must Do, it talks about how every lottery ticket is set up to be 80-95% on, so that you’ll get the rush that you “almost” won & you’ll buy another. It works too! That’s all I needed to read to know that we’re all being played. Target also does muchhhh worse. They can predict how far along a woman is in her pregnancy & change her “buyer profile” to send her deals throughout the entire pregnancy & when baby’s born & so on.
I went to Vegas one time, my buddy decided to play Blackjack. I understood the game but I never exactly understood the rules. Then I realized everyone is playing against the dealer.. so even if the dealer loses a bet against one or two players each hand statistically speaking he'll beat the other players at the table, and get their money and he only can lose the money that he bet against each player. And the players can only win the money that they bet against the dealer... so the dealer has huge odds of winning every single time.
I don’t have investment “culture” , my parents always save money 💰 under the bed. Still they have multiple houses, cars, travel and old age savings (they didn’t used pension at all) all bought in cash no loans. My wife parents have investment “culture” and they have all that plus lot more. I did what my folks did until I was around 37, now I’m following my wife parents “mind” and my assets are steady growing. Invest in funds is really good!
With all respect, Scrooge McDuck didn't get rich out of being greedy. In an effort to help his parents back in the Highlands, he moved to America to make his fortune. He knew how to invest. He had multiple sources of income. True, he can be a little stir crazy over a few cents missing from the money bin, but he saw his family, his grand nephews and grand niece especially, as something worth more than any treasure in that vault.
If you come from a wealthy country you dont need that. With the proper education you can make it witouth loan. Now depends of the surroundings. Either you want to learn in time , eithr others delayed stay in your way just because they cant more.
There are a ton of " I saw a guy on tic tok" people out there. There are also a ton of "investors" who are getting homes to rent out, but telling the lender it'll be their primary residence. They all think they are smart. You can only fake it for so long.
I bought a 2013 Dodge Challenger R/T brand new. I paid it off a year early. I was not going through a mid-life crisis. I wanted a hemi Mopar and I had the means to make it happen. I will never sell that car. About three years ago my wife and I bought a 31 acre property in the Northeast. In those three years it has increased in value by $100,000. As far as gambling, never.
Please someone should help here...I Iost over $5000 on live trade, I thought live trade is the same as demo trade because I was winning with my demo account. Please this is quite annoying and frustrating, what should I do please 😩😩
You can acquire good suggestions for professional trading services from a variety of platforms. I tried a few of them out, but Kathy Baldwin trading services is far more beneficial to me. I invested through KATHY BALDWIN , same woman that an achor kept mentioning on CNBC, and has made multiple of my start up capital within three months
3 things that will keep you broke: Pride, greed, fear /desperate. To check for pride motivation, ask, "would I buy this if noone else would see it?" Greed: "if your motivation is money, that is greed." Desperate: "about 20 seconds after I get desperate, I get stupid, and right after that I get broke...Desperate leads to stupid leads to broke."
Maybe you will meet the person at the traffic light. I talked a little with a guy in a gas station once and he pulled up next to me and asked me out. Wouldn't happen now though I'm too old
That is life though. You learned by your mistakes, I was always told that when I was a kid. The more mistakes you make, the better the outcome. Just believe in yourself and God. Believe me there are people who will try to bring you down when you are doing just fine.
I began my investment journey at the age of 39, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
over analyzing and think will definitely keep you broke...be a doer!!!! Avoid living above your income, invest and most importantly live your life to the fullest
What?? You cannot guarantee that the kids will be ok after they are born even if they are born into money. My parents told me my whole life was planned when I was really little and then war/ genocide happened and through all that and the struggles after, us kids had joy and good memories. Life is not about stuff. Life is about all of it, the good and the bad, so you don’t live numb and no one on this planet can protect you or guarantee you will avoid difficulties. Poor kids can have far more joy than rich kids. I don’t think you have traveled enough to see it. Disabled kids can have more joy than healthy kids.
Wow... That is grim. We knew families who lived in South Central Los Angeles, a name that conjures up images of abject poverty. The South Central we visited was streets full of modest, single family properties with mowed lawns and clean streets. In the United States, poor is another country's rich. The "housing shortage" is a deception: There are plenty of homes available in cities where people do not want to live/raise a family. Poverty is not only a lack of resources, it is a lack of respect for where one lives. What we consider the poorest of families can afford to have children who are fed, clothed, housed in a well-kept home, and educated.
Ai yi yi... A friend contacted one of them snd it cost money to (supposedly) earn stupid money. She noped out. If I had a side hustle, I would get disciplined and try my hand at marketing homemade greeting cards or tags. Papercrafting is my passion and it has taken years to get myself organized. 😂😂
It's false assumption people make that someone bought a nice car to impress someone else. Perhaps they bought it because it's the car the buyer wants with the performance the buyer wants and has nothing to do with anyone else.
Why? It's no different than regular gambling. You still have the same temptation. Only its easier if your running up a credit card. No gambling is good when your not in control of the amount limit you set
I've had friends that were willing to make mistakes so that I'd have the opportunity to learn from them. And thankfully I've been fairly good at watching and learning. I've done my own stupid things, For example, I put two rolls of nickels in a slot machine in the 80's. I've never forgotten that $4. ;) So that was it for gambling for me.
I once went into a casino with $50 cash. Three hours later I walked out with $55. That amounts to an average winnings of $1.67 per hour, which I thought was a waste of time. Good thing I learned a lesson while I was ahead instead of by throwing all my money away
I always thought gambling was a waste of money. The 3 times I was in a casino I only used $10.00. One time I won some money so I kept it and stop playing.
It’ll take the average American income earner 40 years to come up with a 20% down payment for todays average cost of a home today. I don’t have that long. I used VA, nothing down, and was fine and actually made money. I moved back to South Florida, (which was a huge mistake), hoping to buy a retirement home. Now I’m concerned. I have great credit, no debt and money in savings and I wouldn’t touch a piece of real estate in Florida with a 10 foot pole right now.
My FIL regularly opts to impress (big SUVs and more recently, a pick-up truck) the poor neighbors whom we does not even talk to than making sure utilities are paid and more importantly, his fam is nourished. Unfortunately, it's as if my husbans has inherited the tendencies too. I think it really is true that getting married is the biggest decision you'll ever make in your life.
Although great advice as always by Dave. It is alright giving straight statics, but life is not a bowl of roses and when you use debt strategically and to strengthen your resolve in life it is a saviour. Also Dave is always saying build wealth, it is admirable to do this, but to focus on that alone and miss out on this short precious life we have, which face it costs money daily is not the most wise use of our time on Earth. At the end of the day you come with nothing and you go with nothing. Being Rich is different feeling to everyone, you should not push and focus on having more and more, you should be happy with what you have today and live in this moment. Live a modest life but a happy life. If you borrow and you know how and why and have the discipline to pay it off, what is wrong with that?
Staying in construction for over 40 years because it used to pay you good, having your own business in construction in 2023, believing the government will keep the country sovereign from illegal, foreign cheap labor. Blue collar entrepreneurship is dead. Yeah, I know, we don't talk blue collar around these parts....
I've kept my debt low by not buying things that I dont need or I cant afford or taking loans or a large sum or spending money when I dont need to. Just try to live minimum and work and pay your Bill's and don't take on things that you dont need and dont get things that you dont really need, pay your Bill's and save your money and less spending in your life.
I come from a generation that didn't have Dave, and didn't need Dave. The basics were there. They've always been there. What's new is the new ways that youngsters can wreck themselves with credit. OMG. Sometimes I'm glad I'm old.
I kind of disagree about the greed definition, I think it’s whenever most decisions you make you are trying to save money or earn money…and many capitalists balance between trying to become successful and making decisions based on money.
The problem with Dave Ramsey is he filed bankruptcy in his past and now he has PTSD about that so he's against using any credit cards, and having a mortgage. While that's for him, it's not always good advice for most normal people. Examples: you can come out ahead using credit cards for everything, paying it off each month and earning rewards, and if you currently have a low mortgage interest rate of say 3% it doesn't make sense to pay that off when you can be earning 5% in an FDIC insured high-yield savings account. Not everyone has the PTSD that Dave has it's his mistake to project that on everyone else.
LMAO. You really believe the bankruptcy story? He sucked you in hook line and sinker with that one! By the way most Americans aren't smart enough to pay off their credit cards each month. They forget about their credit cards
I gave my foster grandson 100 dollars each month while he was in FCI Terrahaute Indiana. I am done in November 2023.He will be released and he is on his own. I am 75 years old and I have to take care of ME.
When I think about buying a new car, I watch Dave, then I don't have that urge anymore.
Lol me too! 😂
Whenever I want to buy something that I really don’t need, but I want, I think to myself…. What would Dave say ?! 🤔😂
Every four or five years my friend buys a new car. I think she has "car payment" on her permanent budget line items. 😂😂
My sister in law buys a brand new car every 1-2 years. She’s making a Lamborghini payment on a Hyundai. 🤪
Same here. I want a new car but I hear Dave saying “ I hope you like your car note”. I just can’t justify a new car. Problem is there is absolutely nothing wrong with my current car!
My son is very frugal and doing well financially. He said that he watched me make all the dumb mistakes and decided that he did not want to go that way.
Smart guy. I watch myself make the same mistakes over and over and don't learn.
That’s me and my mum 😂
She did pretty good for herself in the end but a lot of bad financial decisions even as a kid it was obvious sometimes 😂
See that’s why I try to mess up so my can son can see how not to do it 😅 let’s get sushi tonight 😮 haha just kidding we paid of all debts except the house and pretty much on Dave’s plan
I'm 30.. I think I'm on the path of my parents while they had never any financial plan and spend money day to day basis without having good future plan..
When I was 10, someone knocked on our front door late at night. I went to look, and told my mom someone was driving her car away. Repo Man!
I am 25 and still no debt. I’ve seen what it does to people and want no part of it.
My oldest son is 28. He has always lived a simple life. He actually lived on $14.50 an hour working for Walmart and managed to not only pay rent and utilities but to save money. This is all about habits. When you start spending more it becomes habit, if you live simply then it becomes habit and most of us start out living pretty simply. I tell you this because last year he was hired on at a big company as a code writer for computer programs. He now earns almost $100k a year. He still lives as if he is earning $14.50 an hour and saving. I talked to him just last night and his long term goal is to retire at 33 and travel, doing his favorite hobbies and living his version of freedom. Everything he saves he invests as I taught him and I learned it from Dave Ramsey. But it can be done if you have the will power and anyone who tells you different is just a moron. Good luck, it sounds like you are doing awesome. I wish I had done as well when I was your age. I would have retired 10 years ago!!
As you should keep being wise you'll live a stress free life👍😊
Debt can be good. If you simply are waiting to have all the money to make each big purchase you will not get ahead in many ways compared to those that know how to manage debt and thier credit.
Very smart from you
Same here! 25 and debt free
2:37 “All 3 will make you broke. Greed, Fear, and Pride.” AND the House ALWAYS wins!
Had a next door older neighbor who every time he needed money, he took out another mortgage.
I had no idea mortgage companies were so stupid.
When he died there were 5 mortgages. His family settled with all the. companies for $10,000. The house wasn't worth even that much.
I was so glad when new neighbors moved in and started making repairs and improvements.
A smart man learns from his mistakes, a wise man learns from other people’s mistakes.
An American makes mistakes and then blames society for their mistakes
Or makes the same mistakes expecting things to work differently next time.
I learnt that in college... from a Wise BOOK.
Save your money, don’t spend on what you don’t need. Free advice.
I pride myself in learning from other people’s mistakes. I’ve never touched drugs. But I did make plenty of financial mistakes until I took FPU.
A smart man learns from his mistakes. A wise man learns from the mistakes of others.
Yes and a bunch of jerks put the children in the good conditions for future educations.... Such a sick of them.
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6,
2016. You've got to start taking steps to achieve your goal.
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with GREGORY THOMAS PATCHAK, his skills set is exceptional.
Gregory Thomas Patchak is the best in this space, I'm happy to come across these recommendations. I have worked with him and I am impressed with the thoroughness and professionalism of the investment diligence packages he provides.
@@Seanmirrer scam
@PeteMcGregor632 scam...setup
I made many financial mistakes, buying cars ,paying with cards instead of cash ,using house as atm ,but most listening to bankers
Thank you for calling out sports betting. I've been called cheap for refusing to get into the trend of it.
The only sports betting you should do is between friends. It's damn near impossible to beat sports betting long term due to the absurd juice. Those lines are where they are for a reason. They are weighted by money, meaning the money wagered moves the line. And the smarter money is what pushes the lines closer and closer to precise. So there's just no real margin. I don't know how James Holzhauer did it but not many do.
@@robloxvids2233Oh man I haven't heard that name in a long time. That is true, it's not like card counting b/c you have a 52 set of numbers. Sports stats are all about luck and your dealing with an individual as your variable. It wouldn't surprise me if James is getting paid off to be a celebrity for places like FanDuel.
@robloxvids2233 I saw a story about one guy who bet $35,000 on the Falcons to not blow the game against the Cowboys in 2020, for a chance to win $1,050. Even if sports betting wasn’t stupid, betting on the Falcons to not choke still would be dumb
Dave and George are one of my favourite combos
mmm kinda close-who is Dave ?
Beware! Under several of these videos, someone will comment on how they’ve built wealth. Always, another comment will ask the name of that person’s financial advisor/planner. Of course, that 1st person will provide a name and the fake second person will say they looked into that advisor and either will make or have made an appointment with that person. The names of the persons always differ but the pattern is the same.
Please be careful.
Yep. I report them when I see them. Then the name changes. Now I think about it i haven't seen them in the last couple weeks. Hmmm. Maybe it worked? Glad u said something too, I thought maybe I was turning karen. 😊
Yep I noticed them too
Many times shortcuts are called technology or efficiency, but for some things like farming and wealth building, there are laws of nature that have to be followed.
Bingo
Yes and weather is unpredictable.
Quality will always beat Quantity. Spend money for what you need and not what you want.
Keep it up Dave! Some may listen and learn!
I’ve always told my kids, some people are the perfect example of, what not to do ! Look real close at their lives and don’t screw yourselves up like the “Jones’s”
I’m a saver and am working on no debt only thing left is student loans
Is sad that a gouverment of jerks have to stay in peoples developmet and well being. Is just their mental incapability. They will end up with bank rates procent, with a hate maximum from people, no teams and no parteners. Because this is what they are satisfacted with-poor people, poor mentality, poor habits . At the end a spit in the face.
Keep it up! Grind!
I'm still trying to buy a house in this market. It seems like it's literally impossible to get a house in this economy.
Is it possible to buy a less expensive place such as condo and then upgrade.
Long before there was Dave Ramsey, there was a radio guy called Bruce Williams. 1980s into the 1990s. Bruce used to give a lot of the same information. I'm a Dave Ramsey style millionaire because of Bruce.
Pretty sure they would have collaborated in the 1990s.
I remember Bruce Williams, a smart and logical man, he always said get a 2nd job to get out of debt.
Love your wisdom Dave!
thru Dave Ramsey and Financial Peace book, I have learned, as much as I can; and with Belief and financial EXPERIENCE.
One thing I have noticed is that Dave Ramsey is naturally very funny 😂
Status: things you buy to impress people who don’t care about you with money you don’t have.
I love how that concept escapes people, imagine someone with cancer telling you cancer is horrible and you don't ever want it and you should do everything possible to keep your risk as low as possible, and people responding to them by saying "they're a hypocrite" lmao.
I am seeking some investment guidance. It seems like I am never able to identify trends, options always go against me, and I can't utilize scanners efficiently. I am looking for a simple reproducible passive income strategy that supplements my income and eventually replace my wage income.
While I don't consider myself an expert in this field, I'm sure you will find the expertise and support of an adviser invaluable.
I have $50,000 USD that I'm considering investing in the stock market. However, I must admit that I lack the knowledge and expertise in this area. does anyone have experience in this field, and I was wondering if you could kindly point me in the direction of your advisor or someone you trust for guidance in making informed investment decisions. Any help or recommendations you could provide would be greatly appreciated. Thank you in advance for your assistance.
You may Know Michelle Christine Parker but If you don't you may do some looking up and thank me later. She's been my adviser for the most part and it's been a smooth ride
Thanks a lot. I just googled her up.
I go for stocks and bonds.
Im a proud Mom because my son is 33 with no credit card debt. He drives a used car and has a high credit score. He also buy things on sale ir open box. He takes after me and is doing well for his age. He also saved over 20 k. So proud.
I worked for a homeless shelter for teens in my youth. Besides the kids who used drugs, the only kids we really couldn't help were those with a gambling problem.
That Vegas trip was Fredrick W. Smith, founder of FedEx. The company could no longer afford their fuel bill and the loan they needed was denied, so he went to Vegas with the last $5K the company had left. He hit on blackjack and came back with $27K to pay the fuel bill. Kept them afloat for one more week, but ultimately saved the company.
Things I learned from Ramsey that will keep you broke:
buying too much house. Buying too much car.
Not job hopping and increasing your skill set (the right way) for more pay.
Getting a degree because "it might increase my income!"
Getting a degree from overpriced big name college. Not milking community college for every last possible credit before transferring to no name in state school.
Getting a college degree then deciding you want to be a stay at home mommy.
Getting a college degree with high unemployment rates (like Museum Mangement) or a degree thats a dime a dozen (like Biology) and not having internships or work experience that make you stand out (Like a biology major who has a minor in Forestry or Ecology) or Psychology with a Criminal Justice Minor. Not asking yourself WHAT will this college degree do for me, what do I want it to do?
Spending all your money on eating out and fancy shiny objects. Not starting a IRA or roth IRA in your 20's.
Waiting until your pushing 50 to realize "Oh crap, I don't have a Retirment account"
Not having a cash based emergency fund-have some emergency fund in a bank is a good idea, but having a cash based one in the safe at home as well- cuz if the power goes out and the internet goes down you'll have cash to help survive for a while everyone else is freaked out cuz they can't access their money.
Not taking responsibility for your own choices.
Using buy now pay later to dinner at a restaurant and drinks at the bar. Or buying that $500 purse. Or the 25th pair of heels your not going to wear.
Better to shop in your closet
Absolutely correct!!
Getting a degree from overpriced big name college.?????
PAYING for a degree from overpriced big name college.
An alumnus paid for my education.
You're, you're*, not your. Jeez, college failed you.
@@truthserum5310 I didn't realize the grammar police were out
As Doc Holiday stated, "Only suckers buck the tiger, the odds are all on the house."
FedEx was one of those Vegas businesses. Frederick Smith was said to have gone to Vegas with their last $5k and 5x'd it to keep the company alive. True or not, I have no clue, but I immediately thought of that one when they brought it up.
um...JUST because 1 man can do it ,,DON'T mean ' "jack squat" with >= 11 deviations to any MEAN & sample size.
Thank you Ramsey for teaching us and guiding us to get out of the hamster wheel of life ❤
Now they sell those for cats
Some of us are car guys Dave. We worked in our younger years turning a wrench under them until we couldn't anymore, and in our later years want to drive something nice. Explain to me why the first thing I did was remove the "TREMOR" sticker off the rear side of my truck if all I am after is impressing people at stop lights. The real reason is I don't want the red paint to fade unevenly because of a sticker ... I look out for the vehicle, not what people think of it.
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom
*STEPHANIE KOPP MEEKS* , That's whom i work with
You can glance her name up on the internet and verify her yourself. she has years of financial market experience
Thanks so much I was able to find her page and I already leave her a message
Back in the 60s my Barber was a bookie. I would go to bars and restaurants to get the slips with people's bets. I got 25 cents for every slip back to him.
Delay gratification. The end.
They don't build all those big pretty hotels and casinos in Vegas because their losing money!! House ultimately always wins!!!
I can not believe how people spend money on cars. We keep them and take care of them while saving to buy the next nice used vehicle with cash. Our cars last at least 400k miles. Our home is modest and has been paid off for years. We also rarely go out to eat anything! Thank you for your video! Praise God you are here to help us.
Buying groceries, paying bills, putting gas in ur vehicle
What works for some doesn’t necessarily for others. I follow Ramsey and Money Guy, and have tweaked both plans and have my own.
Neither is 💯 correct.
When Mom was alive, I used to take the casino bus down to Atlantic City to fly direct to florida. A couple times I had a wait so I walked through the casino. It was sad. They call it entertainment but it's playing on the emotions of people who don't know any better. And in the ladies room, they had a shelf over the hook for the purse so no one could reach over and steal your pocketbook
I was waiting in line somewhere and thought, ehhh, I’ll throw a quarter in this machine. I won $20. And I quit. I was ahead 😂
It took me to when I turned 39 to no longer care what anyone else thinks. I own a rare sports car that is 31 years old, looks excellent, definitely turns heads, but I did the math recently and realized I have paid $6,400 over the past 4 years just for major maintenance type stuff. That is not including regular maintenance, insurance, and gas. I immediately thought, I have student loan debt. I'm not suppose to have a "joy ride" type of car even though it has been fully paid off forever ago. It is just isn't practical for me to keep anymore.
bro i feel you, I just turned 39 and I have a rare sports car too that I am about to sell to buy a used Corolla. Misery loves company man, whenever I drive in my econobox i'll think of all the smart people like us who had to do a similar sacrifice lol
But you enjoyed driving it I guess. Money is not everything…
MONEY IS COMMON SENSE... COMMON SENSE THAT ALOT OF PEOPLE DONT HAVE...
My son complains that when he was in public school, finances (part of home ec in my education) was not taught. We have a couple of more years to get him up to speed. He currently knows the rules of want vs. need and the value of buying what he can afford. 😉
Where is common sense to delete others people emails, files and block them for having a work so can stay online and make 50 cents per click, while others dont have food on the table. What is common sense for you???? To stay live and abuse poor people or what kind of mental delayed are you ?
@@Potencyfunction U JUST PROVED U HAVE ZERO COMMON SENSE... ZERO...
Well that is time when you know that you have to end.@@richprokop5155
😂 uncle Dave's evil 😈 laugh good one
I love me some uncle Dave, he anit never lie
In 9 Things you Simply Must Do, it talks about how every lottery ticket is set up to be 80-95% on, so that you’ll get the rush that you “almost” won & you’ll buy another. It works too! That’s all I needed to read to know that we’re all being played. Target also does muchhhh worse. They can predict how far along a woman is in her pregnancy & change her “buyer profile” to send her deals throughout the entire pregnancy & when baby’s born & so on.
It was ups owner played black jack for payroll when ups used bicycles. One time only and never went back. Yes he won payroll.
Greed, fear, and pride
I went to Vegas one time, my buddy decided to play Blackjack. I understood the game but I never exactly understood the rules. Then I realized everyone is playing against the dealer.. so even if the dealer loses a bet against one or two players each hand statistically speaking he'll beat the other players at the table, and get their money and he only can lose the money that he bet against each player. And the players can only win the money that they bet against the dealer... so the dealer has huge odds of winning every single time.
The House Always Wins.
Glad I subscribed 😊
I have zero things that I would not have bought if no one could see it. In fact I’d rather no one know if I have nice things.
I don’t have investment “culture” , my parents always save money 💰 under the bed. Still they have multiple houses, cars, travel and old age savings (they didn’t used pension at all) all bought in cash no loans. My wife parents have investment “culture” and they have all that plus lot more. I did what my folks did until I was around 37, now I’m following my wife parents “mind” and my assets are steady growing. Invest in funds is really good!
Greed, fear and pride will make you broke!
With all respect, Scrooge McDuck didn't get rich out of being greedy. In an effort to help his parents back in the Highlands, he moved to America to make his fortune. He knew how to invest. He had multiple sources of income. True, he can be a little stir crazy over a few cents missing from the money bin, but he saw his family, his grand nephews and grand niece especially, as something worth more than any treasure in that vault.
Avoid auto loans and credit card debt.
That is the truth people, but u guys are dumb 😅😂😂
If you come from a wealthy country you dont need that. With the proper education you can make it witouth loan. Now depends of the surroundings. Either you want to learn in time , eithr others delayed stay in your way just because they cant more.
There are a ton of " I saw a guy on tic tok" people out there. There are also a ton of "investors" who are getting homes to rent out, but telling the lender it'll be their primary residence. They all think they are smart. You can only fake it for so long.
My daughter has a saying, I want to watch the train wreck, not be a part of it.
@ 0:50 I have a Phd in DUMB. Good one I will start using this parable 😂😂
The movie was the ORIGINAL "National Lampoons Vacation", not "Christmas Vacation". It was, indeed, Christy Brinkley.
This video is very important and very interested it can help you to approach the world of investment
Yes, watch other people make stupid decisions.
It stinks when they are your relatives and you listen to them beat themselves up for it, or make the same mistake twice in a different place.
I bought a 2013 Dodge Challenger R/T brand new. I paid it off a year early. I was not going through a mid-life crisis. I wanted a hemi Mopar and I had the means to make it happen. I will never sell that car. About three years ago my wife and I bought a 31 acre property in the Northeast. In those three years it has increased in value by $100,000. As far as gambling, never.
“Just like my golf game.” I love it 😊
Commonsense Rules.
Even playing an online game like WSOP, the house wins!! 😂
Thanks for the instructions on how to keep broke. 😆 🤣
Please someone should help here...I Iost over $5000 on live trade, I thought live trade is the same as demo trade because I was winning with my demo account. Please this is quite annoying and frustrating, what should I do please 😩😩
You can acquire good suggestions for professional trading services from a variety of platforms. I tried a few of them out, but Kathy Baldwin trading services is far more beneficial to me. I invested through KATHY BALDWIN , same woman that an achor kept mentioning on CNBC, and has made multiple of my start up capital within three months
I recommend that all new traders seek the service of a professional who can assist them in trading, like Expert Kathy Baldwin. She knows her job.😊😊
I'm surprised you know her too. I've been making a lot of profit learning and investing with her for a few months now.
I'm not here to converse for her but to testify just for what I'm sure of, Kathy Baldwin is trust worthy and best option ever seen.
funny enough, a friend that I referred to her received $6,040 profit after 10 days of investing.... I became jealous.. Lol😂
3 things that will keep you broke:
Pride, greed, fear /desperate. To check for pride motivation, ask, "would I buy this if noone else would see it?"
Greed: "if your motivation is money, that is greed."
Desperate: "about 20 seconds after I get desperate, I get stupid, and right after that I get broke...Desperate leads to stupid leads to broke."
Maybe you will meet the person at the traffic light. I talked a little with a guy in a gas station once and he pulled up next to me and asked me out. Wouldn't happen now though I'm too old
Its a trap once that guy gets what he wants from you hell broom you out 🧹
The only person that doesn't make a mistake. Is a person who does nothing😂😂😂❤
That is life though. You learned by your mistakes, I was always told that when I was a kid. The more mistakes you make, the better the outcome. Just believe in yourself and God. Believe me there are people who will try to bring you down when you are doing just fine.
I began my investment journey at the age of 39, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
The first line got me hooked lol
over analyzing and think will definitely keep you broke...be a doer!!!! Avoid living above your income, invest and most importantly live your life to the fullest
What about having kids you can't afford? Worse yet, it is not fair to the kids to grow up poor. Why is there no mention of this?
What?? You cannot guarantee that the kids will be ok after they are born even if they are born into money. My parents told me my whole life was planned when I was really little and then war/ genocide happened and through all that and the struggles after, us kids had joy and good memories. Life is not about stuff. Life is about all of it, the good and the bad, so you don’t live numb and no one on this planet can protect you or guarantee you will avoid difficulties. Poor kids can have far more joy than rich kids. I don’t think you have traveled enough to see it. Disabled kids can have more joy than healthy kids.
Kids don’t need a lot to be happy. Wealthy people can just as easily be poor parents.
What if you can afford them and then a few years down the road, you have a disaster hit your family ? 🤪
Wow... That is grim. We knew families who lived in South Central Los Angeles, a name that conjures up images of abject poverty. The South Central we visited was streets full of modest, single family properties with mowed lawns and clean streets. In the United States, poor is another country's rich. The "housing shortage" is a deception: There are plenty of homes available in cities where people do not want to live/raise a family. Poverty is not only a lack of resources, it is a lack of respect for where one lives. What we consider the poorest of families can afford to have children who are fed, clothed, housed in a well-kept home, and educated.
Dave, what do you think about all of these get rich quick side hustles that saturate TH-cam?
What is the right way to proceed with a side hustle?
Ai yi yi... A friend contacted one of them snd it cost money to (supposedly) earn stupid money. She noped out. If I had a side hustle, I would get disciplined and try my hand at marketing homemade greeting cards or tags. Papercrafting is my passion and it has taken years to get myself organized. 😂😂
First you need passion and drive for it. Is it something you need to market for.
Get a library book on this and read.
It's false assumption people make that someone bought a nice car to impress someone else. Perhaps they bought it because it's the car the buyer wants with the performance the buyer wants and has nothing to do with anyone else.
It's still stupid to buy things you can't afford
On the subject of greed, a stockbroker once told me, "There's bulls and there's bears, but hogs, they get slaughtered".
My son's needy girl will keep him broke. 🤦
I hope sir dave will have a topic about online gambling. Thank you
Why? It's no different than regular gambling. You still have the same temptation.
Only its easier if your running up a credit card.
No gambling is good when your not in control of the amount limit you set
I've had friends that were willing to make mistakes so that I'd have the opportunity to learn from them. And thankfully I've been fairly good at watching and learning. I've done my own stupid things, For example, I put two rolls of nickels in a slot machine in the 80's. I've never forgotten that $4. ;) So that was it for gambling for me.
I once went into a casino with $50 cash. Three hours later I walked out with $55. That amounts to an average winnings of $1.67 per hour, which I thought was a waste of time. Good thing I learned a lesson while I was ahead instead of by throwing all my money away
😂😂 I had a similar experience at the nickel slots at the Trump Taj Mahal in Atlantic city. I won about ten dollars. That cured me. 😂
I always thought gambling was a waste of money. The 3 times I was in a casino I only used $10.00. One time I won some money so I kept it and stop playing.
WOW 4:30 mark was SO RIGHT ON! OMG
It’ll take the average American income earner 40 years to come up with a 20% down payment for todays average cost of a home today. I don’t have that long. I used VA, nothing down, and was fine and actually made money. I moved back to South Florida, (which was a huge mistake), hoping to buy a retirement home. Now I’m concerned. I have great credit, no debt and money in savings and I wouldn’t touch a piece of real estate in Florida with a 10 foot pole right now.
My FIL regularly opts to impress (big SUVs and more recently, a pick-up truck) the poor neighbors whom we does not even talk to than making sure utilities are paid and more importantly, his fam is nourished. Unfortunately, it's as if my husbans has inherited the tendencies too. I think it really is true that getting married is the biggest decision you'll ever make in your life.
Fred Smith saved FedEx on a Vegas bet.
Although great advice as always by Dave. It is alright giving straight statics, but life is not a bowl of roses and when you use debt strategically and to strengthen your resolve in life it is a saviour. Also Dave is always saying build wealth, it is admirable to do this, but to focus on that alone and miss out on this short precious life we have, which face it costs money daily is not the most wise use of our time on Earth. At the end of the day you come with nothing and you go with nothing. Being Rich is different feeling to everyone, you should not push and focus on having more and more, you should be happy with what you have today and live in this moment. Live a modest life but a happy life. If you borrow and you know how and why and have the discipline to pay it off, what is wrong with that?
And Dave's way is not the only way. And that is not what he gets. He does not understand that. Or don't want to.
Or doesn't want to* SMH
Why are you here?
Statistically sports betting is one of the lower holds for the “casino”. As long as punters stay away from parlays and other nonsense.
"Learn from your mistakes?" Nope. Learn from other peoples mistakes.
You have to do BOTH. Learn from your mistakes AND the mistakes of others.
Of course you do! @@amireallythatgrumpy6508 🙂 But learning from "other peoples" mistakes is even better. And, learn from their successes. 👍
Staying in construction for over 40 years because it used to pay you good, having your own business in construction in 2023, believing the government will keep the country sovereign from illegal, foreign cheap labor. Blue collar entrepreneurship is dead. Yeah, I know, we don't talk blue collar around these parts....
top 3 things that keep me broke.
1. I don't have enough money.
2. I don't have enough money.
3. I don't have enough money.
I've kept my debt low by not buying things that I dont need or I cant afford or taking loans or a large sum or spending money when I dont need to. Just try to live minimum and work and pay your Bill's and don't take on things that you dont need and dont get things that you dont really need, pay your Bill's and save your money and less spending in your life.
It’s never buy yourself a nice car to impress yourself and enjoy it.. for Dave it’s always impressing the guy next to you on the street 🤩
Thanks for sharing 🙌🌹🌼🌷🌻
I come from a generation that didn't have Dave, and didn't need Dave. The basics were there. They've always been there. What's new is the new ways that youngsters can wreck themselves with credit. OMG. Sometimes I'm glad I'm old.
1. GREED
2. FEAR
3. PRIDE
I kind of disagree about the greed definition, I think it’s whenever most decisions you make you are trying to save money or earn money…and many capitalists balance between trying to become successful and making decisions based on money.
I have a phd in dumb… i feel represented by that
The problem with Dave Ramsey is he filed bankruptcy in his past and now he has PTSD about that so he's against using any credit cards, and having a mortgage. While that's for him, it's not always good advice for most normal people. Examples: you can come out ahead using credit cards for everything, paying it off each month and earning rewards, and if you currently have a low mortgage interest rate of say 3% it doesn't make sense to pay that off when you can be earning 5% in an FDIC insured high-yield savings account. Not everyone has the PTSD that Dave has it's his mistake to project that on everyone else.
LMAO. You really believe the bankruptcy story? He sucked you in hook line and sinker with that one!
By the way most Americans aren't smart enough to pay off their credit cards each month. They forget about their credit cards
Facts
So he's sucked you in with the bankruptcy story too? You'll believe anything. @@Tybren
I gave my foster grandson 100 dollars each month while he was in FCI Terrahaute Indiana. I am done in November 2023.He will be released and he is on his own. I am 75 years old and I have to take care of ME.