The Top Three Things You’re Probably Wasting Money On
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- เผยแพร่เมื่อ 23 ต.ค. 2024
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The number one thing Americans waste our money on is our government.
If we could truly choose how our money gets spent our country wouldn’t be in debt and our government (both parties) couldn’t be so insanely corrupt.
This!
We can choose. Where you spend it matters. We need better options that are privately owned and operated.
Yeah, how the well to do got wealthy at the turn of the century, early 1900's, was by paying almost no taxes. Even my parents in the 50's and 60's never got hit with taxes like people do today.. It isn't just the federal government. Now it's the local and state putting their hand into your pocket to take more. They all over spend!
@jeffw6692 🇨🇦 I agree. I went on a rant and then erased it. The internet has expanded us, and we see what is going on all over. Hence, the censorship the Canadian government is enforcing. They want us to shut the hell up.
Yes!
1. Tax 2. Taxes 3. Getting taxed
not just that, wages keep going down... same job i got in early 00s for 18/hr, now barely pays 22, 25 in major cities. The f'en conserves and some dems thought is a good idea to outsource at the expense of the citizens and also import cheap labor. I came to realize US sold its self out to everyone in the name of quick profit. No one thinks long term here, just get rich quick schemes!
Yes We’re working towards getting out of that death spiral Less is more life style So sick of corrupted system
And also getting less to insure which is another waste of money
401K is a cyclic waste IMO we already checked out of that for the most part They rig it all for us to lose I don’t want to play any more
You forgot #4. Getting taxed. ✌️
@@louskunt9798 oh yeah the tax on tax
Yes, you are right, very weak of Dave Ramsey not to affress taxes. If you add up all of the taxes you pay both overt and hidden it is easily over 50%.
No vacations, no restaurants, no gifts in 15 years.most I've paid for a vehicle is 5k. Still struggling to save during this present time. Use to put back over a grand a month, now lucky to hold 400. No health insurance, no wife or kids at 40yrs. I'm not starving but this economy is terrible.
Under trump i was doing the best i ever did in life. Now I'm doing ok but man I miss those trump years.
Ramsey's 'advice' is dog's vomit - always has been. Boomeriest of the boomers.
Agree. I don't take vacations, don't eat out, no spending money on "self care" items such as spa items. No car payment. Make decent money but still not enough to fund a retirement in several years. I will have to keep working. We need to redesign pay and work in this country. And stop the creep towards oligarchy with our politicians.
Sounds like you need a skill or trade.
OMG. What kind of job do you have? You need a different job asap.
1. Restaurants, 2. Vacation, 3. Expensive cars. Okay, so nothing I'm actually spending on.
Why do you think you are broke?
@@jaunt3603 My wife
@@jaunt3603 I didn't say I was broke. I am the sole income earner because I'd rather my wife take care of the home and young children, for which I greatly appreciate her. Whatever income level you're at, you likely feel the pinch of the inflation. We were putting away more before, now we pay the bills but have less leftover to save or invest. Figured I'd see what Ramsay says.
@@jaunt3603 I didn't say I was broke. I am the sole income earner because I'd rather my wife take care of the home and young children, for which I greatly appreciate her. Whatever income level you're at, you likely feel the pinch of the inflation. We were putting away more before, now we pay the bills but have less leftover to save or invest. Figured I'd see what Ramsay says.
Yeah. His advice is 100% boomer.
Taxes is the #1 waste of Americans' money
@@pinschrunner and numbers 2 and 3 too!!!
I was taught early in my life if something’s worth buying you save to own it and to pay cash; don’t pay on time because you may not have time.
These are such simple principles everyone should be taught in High School.
There's a reason self sufficiency has been removed from schools. Make everyone dependent on the government.
They use to...
Or parents could set the example for their children. Be a good example or a bad example and maybe the children will learn.
School teaches useless facts these days
Yeah because there's no such thing as parents, right?
$2,000 car is a joke. $5-9k is more reasonable
It depends on how long you need it. $2000 could get you a Honda Fit
This was probably about 30 years ago when he did it. So with inflation it is probably closer to 5k by today’s standards.
Depends how broke you are.
Retired GM mechanic . I own 2001Jeep Cherokee ,99 chevy lumina. 86 w350 Never had a car payment. Will never spend more than 10 grand on a car. May never buy another.
Atmosphere at home is way more satiating than eating out! Hands Down ❤❤
Save more $$$ not eating out
The most influential and relevant interviews of our time. The substance that you get is far more informative than any other person asking questions. Rock on Tucker.
No credit card debt. We only eat out on birthdays. Paid cash for my truck. Haven't gone on vacation in 15 years. Paid off my house in 8 years instead of 25 or 30. Self employed and we live well off 40 G a year. Never lack for anything.
It sounds like you live in a low cost state for real estate/homes.
@@Carma123 central Maine. Used to be cheap to live here. Now it's like everywhere else. including real estate.
@@sidneylittle5399 The average price for a house in the city I live in is $1,299,639. Is central Maine like that?
You lack a vacation?
@@Jeff-yz3on Same. Tucker talks about living where you were born and your grandparents are buried and I can’t. I was forced out due to cost. Wealthy foreigners snapped up homes and hid their money in real estate in my home town that was once considered working class by the ocean. Now it’s all over priced million dollar homes.
For most of us it’s:
1) IRS 2) DMV 3) health care/insurance
agree
dmv? what do u pay per year to the dmv?
I think that Dave is referring to the three things that people waste money on, not the three highest expenses.
Dave is talking about unnecessary expenses that you can cut in order to pay debt. The IRS never goes away. But what in the world do you pay to DMV except to renew license and registration once a year?
Kentucky vehicle registration makes you want to buy used cars.
"But....we deserve a vacation" is what I heard for years when we were broke. I didn't budge and still hear it to this day what a mean guy I was and that we missed out.
In 1996 I took a high school senior trip to Mazatlan total of 15 Seniors all by ourselves and we realized right before takeoff more than half of the kids it was their first time on a airplane and it was without their parents lol. The 90s were a different time no way I would let my kid go to Mexico by themselves for a senior trip today
Our biggest expense is food for the family( eating and cooking at home). No car payments. No vacations - only local day hiking for the last 20 years.
Most people I know live outside of their means…it’s so strange for me to watch.
I don’t know how people can have no savings & many times debt…yet think they “deserve” to have a new car, go out to eat, etc…makes zero sense to me😂
I retired to the Philippines. I eat out everyday, the difference is, it cost me $1.49/ meal. Last one out of America turn out the lights.
Sorry to tell you Gary, but if your not a native there, you'll be targeted as an outside invader. Should have stayed where the ammo is. I hope you carry a weapon- How many animal attacks are there per year in the US?
estimate how many people are injured or killed each year by wildlife or stricken by a zoonotic disease. Over 47,000 people annually in the United States sought medical attention after being attacked or bitten by wildlife, and approximately 8 people died annually.
Stay strapped out there and be safe.
Healthcare? Protection? Freedom of religion? Owning property?
@@Mrsmetamorphosis2012😂 none of that exists in the US
@@11957gary you should be happy that most americans are scared to live outside of the usa. I am scared of going back to America. Malaysia is fantastic. Healthcare is better than the usa. Cities are safe. Lots of great cuisines. Movies cost 3 dollars with a reserved seat. Oh god. Americans live in crazy world.
Dysentery?
Live like no one else so you can live like no one else. Amen. Thanks for all the great advice over the years Dave!
My 1994 Toyota 4wd pickup is worth 2x what I paid for it, 17yrs ago…it’s been my only vehicle for almost 2 decades😂
Nice you must live in the south. Those taco frames don't last in the north
@@kevins5268 lol funny. Yeah it’s hot/dry
@@kevins5268I have one that’s 15 years old. Frame is fine in the rust belt. Just coat it for an hour every 2-3 years and wash salt off once a month in the winter.
Ya got me beat. My caravan was 10 years old when I bought it 2010. Drove it 14 years. (It was worth a tenth of what I paid) Just got rid of it for a 7 year old grand caravan. Hope I can get at least as many miles. If I do, it'll probably be my last vehicle.
@@waynemiller6070 yeah that’s usually how it goes, I just happen to get lucky with this vehicle… Lol
Dave, my credit union, University of Kentucky Federal Credit Union, still offers a Christmas Club. I’m now retired but still move money into my CC account every WEEK so that come October, I can shop for Christmas gifts without any stress or guilt. (I live a moderately comfortable life today but sure wish I had known about you decades ago)!
I remember growing up in the 60s my Christmas club was 50 cents a week! Thought I was rich come Christmas shopping season.
I was taught if you can’t pay for it you can’t have it. So many people buy on credit these days and the debt can become unmanageable.
solid advice. But Americans don't buy cars they buy the payments
We don't buy new cars. We buy reliable cars.
Keep telling yourself that lol
New isn’t the only reliable cars. I’ve bought most of my vehicles at 3-5 years old and they have been SUPER reliable.
Perhaps @adlrilongstreet3112 does the same thing. We don't buy new, we buy reliable as well seldom under 100k miles, Toyota is the preferred brand, and pre 2010 the preferred age because I can wrench on them myself. Basis maintenance, and the typical wear items I can fix. Starters, alternators, water pumps, etc might take me a few hours to pull and replace, brake jobs are less time.
He's right...we followed Dave Ramsey's baby steps. Best decision ever and we're debt free. Thanks Dave 🥳
Sometimes we go to an Asian buffet that charges $14.99 per senior citizen. Majority of time we cook at home - just cheaper and healthier. We're still working and hope to retire at 65 years old. All our vacations are staycations - has been for the last 25 years. Both our cars are paid off except for insurance. We'll be running those cars into the ground before replacing them with another used car. We're doing alright but if prices keep going up we're going to have to work longer. We pray we have the health to keep working after 65. Vote early and vote Trump/Vance to help lower the inflation. The Demonrats don't care about the people - just look at how they're handling the hurricane - tells you all you need to know.
I start buying christmas presents in August and I will be done next month . Cash and carry with no debt after christmas . I own my house and cars . I have an old boat I restored. The restoration process being part of the entertainment . I was raised by children of the great depression . Frugal they would say .
Going nowhere for decades on end is pretty sad but wutev
3 tickets just to get in Disneyland last weekend, $714
Insanity. Why people actually pay those prices is beyond me.
Boycott Disney
NEVER been and NEVER will 😂😅
Most people can’t afford vacations.
Finally got one under Trump at about 36 years old... Was too short 10 days after 18 years of working. Won't have another til we're ahead like that again
Vacations are a fast, fantastic way to flush your money
I love the saying, "Live like no one else, so you can live like no one else!" Good common sense.
My first airplane trip was in 2000. I was 19 years old. Courtesy of the United States Navy. Growing up poor in rural Minnesota, you went to the Black Hills or Wisconsin Dells, if you were lucky.
The Dells. Yup that was a fancy vacation for us poor kids. Back then you could bring your own beer and food into the water park. And smoke 🚬 cigarettes by the wave pool.
Don't knock the Wisconsin Dells. We had a lot of fun there in the 60's coming from Chicago. LOL!
We barely have money to waste in the first place! I hope you two discuss the absurd costs of living for working people rather than the occasional dinner/movie night they treat themselves to.
It’s not expensive only for the young tho. It’s for anyone who is a regular working class family or person.
@@Carma123 true
THIS!!!
You must first correct the waste. Us older folk sit back in the office and listen to the younger folk complain at the cost of living as they are working on their third expensive Starbuck coffee of the day and then getting lunch delivered to them at the office. The reason cost of living is so difficult for the younger folk is they waste their money.
@@DaleMeese So true . I own a small business and our service center is beside a greasy spoon (Good food). I have employees that will buy breakfast and dinner there and complain on payday . Meanwhile their boss (me) brown bags it every day . I drink coffee and make it myself . No drive through's . That is very basic . It doesn't pay to be lazy . Learning simple math goes a long way . Chasing the Jones's is a fools game . Status symbols are for Peacocks and Poodles . I have no debts , own a mortgage free home and drive a late model Taco . It takes time and effort when you start from nothing.
$400 or $2000 cars??? Maybe in 1978 that worked but today it's not a functioning car or will be in the shop every week 🤣😂🤣😂
Even a decent 2008 car is $8k now even a 2000 is $4-5k
A decent car is about $10k minimum
@@blder56 yep
Been driving my $1100 1992 camry for 6 years now. Great car. You can still get a decent car for 2000. It wont be nice but it will be decent. 5000 will get you something more respectable though.
$2,000 for a used car? Seriously? Would you push it everywhere?
I have a nephew who bid $100,000 on a car at a Hershey, PA auction. Another person outbid him.
That's too stupid to understand
We have a 30 year old Land Cruiser that run’s like a champ, and a 10 year old 4Runner that is perfect still, haven’t made payments on anything in 7 years, invested all those “payments” during that time, couldn’t be happier. People like the chase and high of buying a new car, they may
regret it in most ways a few months later.
👍 Toyota!
What is this "vacation" they speak of?
The cars "losing 70% of their value" isn't a thing anymore. Not sure if he's priced used vehicles, but many of them (especially trucks and reliable imports) are selling for more than their new price.
In other words cut out all of the joy in your life. Go to work, eat, sleep, repeat.
Proverbs 22:7
King James Version
7 The rich ruleth over the poor, and the borrower is servant to the lender.
Love Dave. He changed my life.
Thank you guys for this video! Me and my wife watched this and realized alot
Drive a 13yr old car no payment for nine years. Always garaged and only 60k miles. I ain't getting rid of my big ass Buick. Whatever she needs.
@@jimpatterson3286 I think I remeber hearing thats all Warren Buffett drove.
My wife and I are earners and savers. At one point, we found ourselves spending $1k per month on Uber Eats. We now eat better and spend $1k per year on delivery. Now it is special.
Stop voting yes on bonds.
Love Dave Ramsey’s story of the beater car 😂😂😂. Bondo beast!, with a vinyl top filling up with air! Hah.
The number one is Taxes.
Two is permits.
Three is licences.
INSURANCE!
Inflation
Unbelievable that we are at the state where it is considered excessive spending to go to a restaurant once a week and take a vacation once a year.
Restaurants are pricey. And for a lot of people/rest of the world it has always been considered a luxury to even go on vacation or to vacation once a year. But at the same time you only live once.
Our local bank still has Christmas Club accounts! Love mine.
Eat cup of noodles, stay home and play Uno, watch Friends reruns all day….. then you get hit by a truck tomorrow but hey at least you have 100K in your savings accounts…….
I bought a 2005 Jeep Grand Cherokee in 2016 for 3K and I’m still driving it today. It’s so nice not having a car payment!
God is good and we are extremely blessed.
We take 2 awesome vacations per year , paid for , not financed. We eat out every Saturday and Sunday ,so I can rest from working / cooking and cleaning our home all week.
And we save every month.
I will say we have bought really good used cars when we need or want a new one for the last 12 years. And I just got myself something really really expensive and nice this month. But I’m 44 and have been living by Dave’s principles since I was about 27. Had to teach my husband. A LOT about money when we married, it was like reversing a sugar addiction … we had some big fights. But praise God , he has come a long way and we now work as a team on all matters.
I did a guys taxes who drove a Toyota Camry and he made 1.5m a year.
I have two clients. One has 110 investment properties. He is worth probably 100 million on paper and he drives, I think, at least a 10 year old Yaris that he assembled from two wrecked Yaris'. We have coffee sometimes. He will not pay for a refill, so he helps himself anyway.
The other a timber baron from Oregon with two private jets. This guy is probably 6' 4" and he drives a Chevy Aveo clear across the country where he has investment properties to save money in the state I live. I am a vendor to both of these guys. The first guy is 82 years old. the other lumber baron is 77 years old.
Both of these guys are beyond cheap. Cheap does not even begin to describe these guys. It is a sickness, a disease. The 82 year old dresses like a bum. You read storys about people like this. I know them. It is beyond frustrating dealing with them
@@thyslop1737They made their own way, in their own way. Study them, because they are teachers that don't have many in their classes.
Currently looking for a used work truck, the problem is there's no such thing as a good used truck anymore, can't get anything under 20k, and if you want not junk its 30k.
We have cut back on our spending. Love to cook so we are better off without eating out much. Our vacations are usually family related. I boycotted Disney awhile ago! Just got a two year old car after driving my minivan for 17 years and put 230k miles on it.
His advice is always good because his motivation is Christian based. God bless him.
I still do Christmas club but just take out in cash every check and put it in my safe till the next Christmas time. Takes the stress out of that time and only spend what I saved up.
I refuse to work any harder. In the UK I’m at the 40% tax level. With NI, my tax rate is 43%.
Then add, everything I buy has 20% VAT on it. Out of every pound I earn, I’m left with 45.6% of that pound. That’s not including all the other axes like fuel tax and inflation.
I refuse to be a government slave. I’m not rich and the average salary is getting closer to the 40% threshold every year.
The UK is a socialist country. That’s why living standards are on the decline because government tax and spending has gone up.
Wow! That’s horrible!
It's the direction the US is headed with this regime!
Are y'all going to do anything about it?
UK government still has money for the Ukraine war and they are strong supporters of the war too. They must have enough money.
We have 8 kids. We rent my husband's family's condo in Pensacola that they've owned for 35 years. It used to be $100 a week to rent, now it is $400, we fit all 10 of us in this 2 bedroom condo every year for vacation, even though my husband is now a surgeon and we could afford much more, but in a 5 minute drive to the beach, there's free entertainment for at least 4 hours a day for the entire family. Hard to beat, even now, especially compared to how much vacations CAN cost.
My first time car in the US was a 1988 Oldsmobile, I paid $2000 , hard earned saved cash. From there, everything I made would go to repair that beast which liked to break down on me rather often. As a single woman who just started driving and knew nothing about cars, I later discovered that not all body shop workers were honest with me, charging for parts they never replaced, or did something was not needed, etc, so to buy a 2k car was a bad idea. I ended up selling it in less than year for 500$, took loss, and managed to get a new car instead.
I drive a 2001 Lexus RX300 with 234k miles and I paid $4k for it eight years ago when it had 150k miles. Starts every time, rides smooth, reliable , blows cold air and has tunes! I did have to buy a Gromm interface to connect my phone via Bluetooth, love my Pandora Yacht Rock station.... You can’t run the AC on high or it will freeze you out. When I want to have fun I take out my 1972 C10 pickup that has a 600 HP big block Chevy engine in it. It embarrasses hemis, mustangs and vettes.....I paid $5600 for it in 1998. I do like my tuna trips to Cabo on occasion and I do all the cooking in my house, but when I need a break we go out to eat, but look for specials or share a plate and order water with lemon.....
All that money you’ve saved on having super old cars all these decades and you can’t at least order your own separate plates on the rare occasion that you eat out ?? Sounds like you may still have a leak somewhere.
Sounds like fun! Especially the old truck! 👍👍
I am a huge fan of Dave. But his ignorance on car leasing shocks me everytime I hear him talk about it. 14.2% average interest rate on a car lease isn't even close to reality. At all, ever.
One of the good things about living almost an hour from most restaurants is that we eat out maybe twice a month, and usually combine it with trips to buy groceries. When we do eat out, our meals rarely cost more than $50, but we eat well anyway. I take a cooler chest and blue ice, and that lets us shop even before we eat out. Our vacations are in the Jeep, driving the countryside or going to a larger city for a day or on occasion maybe two.
Are we poor? No, but we're not rich either. Not in the eyes of most Americans. Do we owe anybody money on time? Absolutely NOT. We own our house and our vehicles, or at least we own it in the sense the government wants us to think we do. Our two vehicles are 11 and 6 years old respectively, and as long as they don't cost for repairs all the time, we'll keep them.
Living within your means takes discipline, but if you can do it, you'll always have money. Not millions, probably, but enough to keep your financial stress levels near zero because your bills will be paid on time and every time.
I'm pretty good at saving money but theres nothing wrong with driving a nice car and going out to eat once in awhile or going on vacation. Theres no point in putting your nose to the grind store if you don't occasionally allow yourself bathe in champagne.
Family of 4, $10K/month net, only debt is house payment ($2000/month PITI) and still tight on money. This economy sucks!!!!
What?! So you spend $8k a month on stuff? That’s wild. Even in this economy.
How about those $100k trucks men buy.
Exactly, insanity.
Makes one wonder about the size of their "boots".
I bought a nice used one for 34k. It has been very useful and does most of the things 100k trucks do. We have all ready paid it off and it has a lifetime powertrain warranty.
I love “What’s a Christmas Club acct”! Tucker 😅
As a cook I’m mildly offended… 😎
Most people I know think it is normal to have car payments, house payments and go on vacation at least once a year. They eat out or have food delivered almost every day. That is just normal life for them.
2k used car doesn’t exist and if it does it will not get you far. 10k car is the new hooptie
We almost completely stopped eating out
Ha we don’t eat out, have no car payment and still broke.
1. Taxes
2. Taxes
3. Taxes
Hardest thing is breaking from uber eats....that is an awful drain.
Not if you pick up your order
Buy a Maryland inspected used car and it will be around 10,000.The 2,000 car is fantasy now days.Not inspected and you don,t drive.
I'm about to be 42 and I have never been on an airplane because I rather have food
One thing i can yell you .... People out in the country (those who do country things sunch as farming) don't spend money like this..... And we still dont have money. Lol
The top 3 things are: #1 Food, #2 clothing, #3 Air
Good advice. But you have to raise the bottom price. You can't buy a reasonably reliable car for less than 5000, and that's in a low income area.
In my younger day all this was common sense. Today most people think the big three expenses are needed. If young people don’t fight it out you’re going to find out why your great grandparents saved bacon fat in a can on the stove.
Have bacon fat in a cup on stove right now. Much better than using seed oils.
Great advice! My 1980 economic class teacher taught us these lessons
Paying off my car was the best feeling, it’s a 2017 Honda with Bluetooth I’m happy
LOSER
Thanks!
I have full confidence that my child will grasp this lesson in due time. I remember being in the same position myself. The moment I witness her confidently depositing her funds into a designated account, I will know for sure that she has mastered it.
Twenty years ago, before I had my big net worth, I did buy a new vehicle, but first, I had the income to pay it off early in three years and did so, second, I got a budget vehicle, not a top of the line one, third, I used my bro's A Plan and got it for just over dealer cost, and finally I drove it for 20 years, kept care of it including changing the oil regularly so it was exceptionally reliable. It had gotten old enough that I could not rely on it for long trips out of state and so I sold it in 18 hours for $2500 and I could have gotten 3 grand though I didn't realize this at the time. And yes, now I bought a nice truck brand new for 30 grand four months ago, and will pay it off next month.
Some restaurants are cheaper than grocery stores right now. Idk what cheap meals this guy is making 😂
I get a quarter of a beef as a work bonus, and I like to get a whole hog to add variety to our diet. My wife does some gardening for the vegetable part of our meals, and she is pretty good at changing up our dinners, and I do some of the cooking as well. We only buy cold cuts for lunch meat, hot dogs for fast dinner when we are busy, but I will get something "fancy" like Salmon fillets when they are on sale. The pork is custom cut, but still cheaper than retail. I pick the beef out on the hoof, and it's always good eating. Restaurants are a treat, usually for entertainment and not having to do any dishes. Cash for all of it. It tastes better that way.
Dave changed my life! 🎉
I think most people are willing to sacrifice some money for memories with their family especially when you have kids and you want to go on vacation once a year even though you can't really afford it. You're making memories that will last forever and kids grow up so fast and your opportunity will be gone.
As long as the kids don’t have to live through the stress their parents exhibit when the bills come. I don’t like Christmas because my mom spent way too much throughout the year and there wasn’t really any money for presents but were bought anyway on top of what she spent on herself during the year.
@@monikaw1369 I totally agree with the Christmas thing and all holidays that boost prices because they know people will buy them. I get all that.
I keep an old fashion Excel spread sheet on myself. I keep a balance sheet and income statement. Food and auto are a couple of the about 20 line items on the income statement.
Most of us are barely scraping by--eating out, vacations, flying, and luxury cars are for those who can afford it. Pay for things CASH MONEY---why give the CC and BANK blood suckers your money.
I guess it must be cold over there. They both have their arms folded. Reduced the heat to save money.
Dave must be having trouble in this economy making rounds bloviating his BS...............I agree on vacations, somewhat on eating out, but the car nonsense he is really out in the wilderness. People need a reliable vehicle, without it they can not survive. As a mechanic by trade, you can't have junk if you CAN NOT work on it yourself, that beater will cost you more than one might think if you have to pay current shop rates that seem to do nothing but climb to have it repaired, and we won't even get into the price of parts. Good used is fine, but its not $2k...........He is dreaming, I just bought a $2k used 3/4 ton truck and are repairing the frame now for example. Point of this is, you need a GOOD vehicle to hold the job to keep the money flowing, his nonsense on the 2k beater sounds great and looks great on paper until you actually put some thought into it, as do most of the things he spouts off.
Except some Porsche cars. They occasionally go up in value. Or hardly lose any.
Plymouths go up in value if you pick the right one.
Or a vet.
One thing I would ask him about new cars what if you bought one and kept it for 16 years? Would that make any sense?
I've never taken out a loan on a car, never went out to eat more than once a week (once a month now) and i have 5 kids under the age of 9 so i dont get vacations.
I bet you are happier than most people who take expensive vacations! Keep living the good life!!
@@jdub3999 of course I am! You can't experience true happiness without getting your priorities straight.
I hope Dave and Tucker will talk about the importance of starting a responsible saving/spending lifestyle while you're still young. Waiting till you're 55 y/o to adopt Dave's plan is pointless.
I love these two men for their principles.
Sir, your information on lease rates is incorrect. All you have to do is ask a finance or sales manager what the money factor is on the lease and multiply by 2400. Most lease rates are under 8%. You’re still better off paying cash, but I would trust you more if you were putting out correct info. Thanks.
Dave is another classic boomer so deluded in the old ideas about money, saving, and spending.
We already aren’t going to restaurants, we already aren’t going on vacation, we already aren’t buying expensive cars. We can’t already afford any of that crap. We want a reasonable work/life balance, reasonable prices, reasonable people, and reasonable living costs. And Dave is not one to suggest anything reasonable or set in reality.
I was 54 and took my one and only plane trip/vacation. if I eat out it is at Mc Donalds, the 3.00 bundle meal and drive a 1998 subaru forester.
So eat baked beans and dont leave your neighbourhood, unless it's to go to your slave job. Got it.
Ramsey is a grifter. He also declared bankruptcy a while back. He's just another out-of-touch boomer.
A while back... Decades back. His principals are timeless because they are biblical. Calling someone that is no better than calling someone a ni#@r
@@grocerygoat06
@@grocerygoat06 Boomer formula to wealth was buy a house for $60,000 live in it for 30 years, while voting to implement plans that make home development almost impossible, inflating the pressure on the housing supply, then sell the house for 1.2 million and run around telling everyone how hard they worked and good savers they were to aquire their wealth, when in reality they created a problem they financially benefited from.
A $2000 car? Good luck finding one at that price that actually has an engine! My bro owns a car lot and laughed when I asked about buying a $5000 car. He said a decent used car starts at 10k.
He said he bought a $2000 car when he went broke.