We became completely debt free on May 31st my Birthday , after 1 year and 2 months listening to Dave Ramsey. Read book the Money makeover, podcast and youtube!!! we make very minimal income, my husband ended his career going to the Sea (Seafarer) now living with only one income, we live less than we make! below our means. When we sold our car, the proceeds went to our emergency fund now fully funded 6 months. We Praise the Lord! Thank you Ramsey Show, I waited a year and 2 months to write this in one of the comment section of the show once we become DEBT FREE!!! It's happening!!! the first weekend that we are debt free, it still didn't sink in... sooooooo happyyyy and we feel sooooo freee!!! and soooooo in PEACE!!!! no more heavy weights on our shoulders we don't owe ANYBODY with ANYTHING!!! wow just AWESOME!!! now shouting with JOY! Thank you LORD!!! Thank you The Ramsey Show!
Awesome!!! I'll be debt free by my 31st birthday this may too!!! 60k worth of debt wiped out in 5 years, just landed a job starting at 65k plus bonuses this year and am ready to start building wealth! God bless this day and age of access to information as well as our openness to recieve and digest this information 🤗
I’m 61 and I got the Total money make over book 5 years ago and I thank GOD that my wife and I are debt free except the house payment. Thanks Mr. Ramsey for all that you do. I hope I can get on your show one day.
Knock out the house payment asap. My husband had to retire early at 63. Our house had been paid off at least five years before he retired. No debt at all at retirement was an amazing feeling.
“Can you eat on her income?” 🤣🤣 I love how Dave doesn’t care about the questions he asks in the sense that he doesn’t care how he says it. Very authentic, very direct.
I’m on that section lol. Then he says she makes 82k, we might not keep the lights on. man ppl are princesses. Over there eating ramen noodles and water
I love the millionaire theme hour!! This is how you build wealth! Live less than you make and stay away from flashy folks! This gives me hope in America!
@@Greg4Grace thank you so much for your encouragement! I’m in the middle of BS3. My wife and I are more gazelle intense on this this baby step than we were in BS2. We always wanted to have a solid emergency fund but we didn’t know until we started listening to Dave Ramsey. Having a community that is encouraging really helps in a big way. We are all in this together and together we can live the American Dream!
Hey Dav how are you doing Dav better than I deserve I love that I will start using that because that is so true 👍thanks you just have a new subscriber now.
When Dave started describing hyper inflation and saying it wasn’t happening anytime soon… I was laughing and thinking where he’s been the past two years.
Yeah 6% inflation isn't even abnormal it's just kinda above average and largely due to the shutdowns and the way things were/are being handled with the pandemic however it's not a world altering occurrence that will ruin lives it's a minor inconvenience that needs adaptation that doesn't mean hiding all your money in the stock market to protect it that means following the plan saving money living on less than you make and staying out of debt.
@@acruzro95 I agree that we are not experiencing hyper inflation right now. However, over the past two years we did print 40% of the money supply so who knows what is to come.
I would get a mortgage, then the next year live like a college student and put all the money into the mortgage. By doing so, he avoids interests and charity
I m not in America, but my husband and I had 2 debts 15years ago , for 2 appartments .. we payed them already , took 4 years.. but I said.. no more debts ever. It was very hard. All we worked for was paying off the debt as fast as possible...so we had no new clothes, no restaurants, no vacations, no nothing for several years. And in my country we payed 14.5 % a year interest. Only after paying debt.. life got better !)
i'm impress how Dave turns the 20% into positivity. even i'm muslim, my country only requires me to pay 2.5% of our salary for charity. i dont think most muslim will actually pay 20% though, as not all can afford that
i think most of muslims (I'm sunni) most pay 2.5% of ACCUMULATED WEALTH, not on additional wealth every year. I am actually surprised the 20% additional wealth zakat. I know that a farmer without irrigation is 10% zakat on yield if it exceed certain amount (this made some of my friends for the sake of simplicity giving zakat on 10% of income) The only 20% rate for zakat i know is a treasure find.
Totally agree with Dave on this one. The thing is he hasn't started this job. What if something goes wrong in first few weeks or it isn't what they promised? Save and make sure the job is legit and solid. If he had been making 160K for a couple years and loved the job etc It would be different.
I’ve never heard of 20% in charity. Most mainstream Islamic laws obligate you to give 2.5% of your total wealth in charity every year. Also, Islam strong prohibits interest in every shape and form. This guy is making such an amazing income so early in his career… if he cares about his religion he should save up and pay cash. Nothing wrong with buying your first house at age 28-30
I've never worried about mortgage debt as long as it was a reasonable amount and low loan rate. Keep a low monthly payment on a 30 year mortgage and refinance when needed to get the lowest rate. I would use my income to invest rather than pay off the mortgage. My answer to those who say you must pay off your mortgage before you retire is, if I want to pay if off, I'll write a check.
I can get a bachelors degree (only factoring the 2 years) after my associates, at my local state college for under 10k. Why do you suggest 100k for college? That’s crazy. Maybe if there are going for a doctorates degree.
Right. I went to state school all 4yrs and then another state school for another 2yrs for my masters. I did have a Pell grant but honestly that doesn't help much! Anyway, after all 6yrs of taking out the Max Loans (pre Dave obviously) I graduated with 80k, not 100k. And that was maxing out loans to pay for things besides school and not paying a single cent in cash... So yeah. It should've been like 50-60k for me if I wasn't using my "refunds" for rent. And that's 6yrs of State University.
The price of college will not stay the same. For younger children, saving for their college, I would expect conservative savings to be higher than 100k.
You just calculated the lowest possible option but most students don’t use this route so you have to be realistic about that. If your student chooses to go to an Ivy League u need to factor that into it
I like choosing to be generous at whatever percentage I can afford at the moment, it should never be forced .. Churches would have a huge problem if they ever had to explain what they do with the money they get . My advice for this kid is “get your own paid for house first before a pastor does it using your money”
Religion of choice can be changed at any time in your life. Plenty out there to choose from. Pick one you don't have to manipulate your banking decisions to meet religious requirements. Obviously this spiritual choice is not in alignment with your personal belief.
@@NotYourTube24 I did it easily enough. When you see beyond the illusions where you are now you will be lead to the next step in your spiritual path. Be willing to let go of ritual and step forward to experiencing.
I am a muslim, so far as i know and understand, you need to focused more on paying off debt before giving money to charity. During Zakat Ramadan how much we are eligible and the calculation to give is lower if we still have debts, Dave is correct Islam is strict when it comes to debt, when a muslim died, his family need to find out how much all of his debts to anyone is and tried to pay it off or negotiate if the debt can be forgiven. Dave programs of living debt free, paying cash, be incredibly generous is actually very near to how a devout Muslim does in day to day life 🙏
Lol things don’t really “skyrocket” aha that doesn’t typically happen. I mean I’ve never seen groceries double over night and the budget should account for fluctuation of prices and inflation
I am drained but I know and I am glad to hear that you have a good head on doing to he right thing. But you should take a third of your income and put it in the bank. But don't go girls gone wild and ALOT of people are to dependant on others but ....i was raised to not judge people by their $$ or what they drive. Because I am....50 and trying to get my independence back and guys are girls are money hungry and let friends and others not drive you. Be smart and also remember we want to always take care of your living expenses.
Every religion of “quality”? That makes me sad. If there is one way that leads to life and one that leads to destruction can anything else be “quality”? I just heard Dave bash someone on another clip that works for Christian nonprofit, who gets to share the gospel. He replied he gets to share the gospel. That was a lost opportunity if your purpose is to share the gospel.
Dave’s comment on religion was pure simple political correctness He didn’t believe what he said. I think Dave has an overall good message and I learn stuff
Even though I learn from Dave he is completely telling an untruth and misleading everyone when when he basically guarantees a 12% return in a good mutual fund. When he bankrupts people with that nonsensical statement he’ll be living on the same luxurious island Suzzie Orman lives on. What a joke when he vets his advisors and sponsors who pay him a fee & help make him rich. Too bad, he can’t be upfront because he’s greedy. Yes, also very smart but must “con types” are brilliant. I couldn’t agree more that debt is bad but I don’t hide behind religion to make money
So in your mind your purposely trying to avoid paying your "share" of charity by spending your money differently.... I don't follow that religion but I'm sure any God would see right their threw a loop hole believers are trying to take advantage of.
I m muslim too and I think this guy is taking the wrong Islam's teaching on generosity and usury. When u're a muslim, u must give away 2.5 percent of ur overall wealth on an annual basis ,and u avoid getting in debt and usury at any cost. I dnt know where this guy got this 20% from.
The data is submitted by people. How can the data be true ? What’s wrong with Dave, he’s smart and has some great ideas but he must continue with his constant agenda filled with lies hiding behind religion ? It’s not necessary Dave, you’re a smart guy, stop exaggerating please
We became completely debt free on May 31st my Birthday , after 1 year and 2 months listening to Dave Ramsey. Read book the Money makeover, podcast and youtube!!! we make very minimal income, my husband ended his career going to the Sea (Seafarer) now living with only one income, we live less than we make! below our means. When we sold our car, the proceeds went to our emergency fund now fully funded 6 months. We Praise the Lord! Thank you Ramsey Show, I waited a year and 2 months to write this in one of the comment section of the show once we become DEBT FREE!!! It's happening!!! the first weekend that we are debt free, it still didn't sink in... sooooooo happyyyy and we feel sooooo freee!!! and soooooo in PEACE!!!! no more heavy weights on our shoulders we don't owe ANYBODY with ANYTHING!!! wow just AWESOME!!! now shouting with JOY! Thank you LORD!!! Thank you The Ramsey Show!
Awesome!!! I'll be debt free by my 31st birthday this may too!!! 60k worth of debt wiped out in 5 years, just landed a job starting at 65k plus bonuses this year and am ready to start building wealth! God bless this day and age of access to information as well as our openness to recieve and digest this information 🤗
@@AZ_TONY Congratulations to you!!!!! We did it!!! Success!
I’m 61 and I got the Total money make over book 5 years ago and I thank GOD that my wife and I are debt free except the house payment. Thanks Mr. Ramsey for all that you do. I hope I can get on your show one day.
Knock out the house payment asap. My husband had to retire early at 63. Our house had been paid off at least five years before he retired. No debt at all at retirement was an amazing feeling.
“Can you eat on her income?” 🤣🤣 I love how Dave doesn’t care about the questions he asks in the sense that he doesn’t care how he says it. Very authentic, very direct.
I’m on that section lol. Then he says she makes 82k, we might not keep the lights on. man ppl are princesses. Over there eating ramen noodles and water
0l00
I love the millionaire theme hour!! This is how you build wealth! Live less than you make and stay away from flashy folks! This gives me hope in America!
@@Greg4Grace thank you so much for your encouragement! I’m in the middle of BS3. My wife and I are more gazelle intense on this this baby step than we were in BS2. We always wanted to have a solid emergency fund but we didn’t know until we started listening to Dave Ramsey. Having a community that is encouraging really helps in a big way. We are all in this together and together we can live the American Dream!
Hey Dav how are you doing
Dav better than I deserve I love that I will start using that because that is so true 👍thanks you just have a new subscriber now.
When Dave started describing hyper inflation and saying it wasn’t happening anytime soon… I was laughing and thinking where he’s been the past two years.
for real, we are above 6% inflation now. Smh how could he not thing it would go up after the last few years we have had?
@@flappinshad6973 because thats not hyperinflation.
Hyperinflation is what happens in Argentina. 30% 40% every year for 3 and 4 years in a row.
Yeah 6% inflation isn't even abnormal it's just kinda above average and largely due to the shutdowns and the way things were/are being handled with the pandemic however it's not a world altering occurrence that will ruin lives it's a minor inconvenience that needs adaptation that doesn't mean hiding all your money in the stock market to protect it that means following the plan saving money living on less than you make and staying out of debt.
@@acruzro95 I agree that we are not experiencing hyper inflation right now. However, over the past two years we did print 40% of the money supply so who knows what is to come.
We cannot hear it enough on how necessary it is to live generously
Ha! The guy is so serious about his religion he's trying to find a loophole so he doesn't have to give to charity.
I would get a mortgage, then the next year live like a college student and put all the money into the mortgage. By doing so, he avoids interests and charity
Very Godly! Lol
This is so typical of military families. So much debt and so much stress. Good luck to you and thank you for your service
I m not in America, but my husband and I had 2 debts 15years ago , for 2 appartments .. we payed them already , took 4 years.. but I said.. no more debts ever. It was very hard. All we worked for was paying off the debt as fast as possible...so we had no new clothes, no restaurants, no vacations, no nothing for several years. And in my country we payed 14.5 % a year interest. Only after paying debt.. life got better !)
Hearing Dave talking about hyper inflation actually makes me think that WILL happen in my lifetime. No lie...
My aunt lost her house because she owned it with the boyfriend who had adult kids... nightmare even 30 years later it's a hard conversation for her
Love it when it's just Dave pouring out knowledge.
“I’m just watching you, you get so nervous.” 🤣🤣🤣 Love the Ramsey show 🙌🏾👌🏾🙋🏾♀️
Wow she must be the girl of his dreams 😂 paying her debt before marriage or engagement
plus be ready to put her career aside to have his babies. 😊
Thanks Dave for giving clarity to the inflation factor
This show was amazing thank you Ramsey team
This didn’t age well, inflation the highest since the 80’s 🤦♂️🤦♂️😭😭😭
Dave's owes him an apology
i'm impress how Dave turns the 20% into positivity. even i'm muslim, my country only requires me to pay 2.5% of our salary for charity. i dont think most muslim will actually pay 20% though, as not all can afford that
i think most of muslims (I'm sunni) most pay 2.5% of ACCUMULATED WEALTH, not on additional wealth every year.
I am actually surprised the 20% additional wealth zakat.
I know that a farmer without irrigation is 10% zakat on yield if it exceed certain amount (this made some of my friends for the sake of simplicity giving zakat on 10% of income)
The only 20% rate for zakat i know is a treasure find.
Houses have increased about 100k in about two years. FYI
Great response by Ramsey to Ammar. Love it.
I love EDM segments❤️. It gives me hope🙏🏼
Totally agree with Dave on this one. The thing is he hasn't started this job. What if something goes wrong in first few weeks or it isn't what they promised? Save and make sure the job is legit and solid. If he had been making 160K for a couple years and loved the job etc It would be different.
I’ve never heard of 20% in charity. Most mainstream Islamic laws obligate you to give 2.5% of your total wealth in charity every year. Also, Islam strong prohibits interest in every shape and form. This guy is making such an amazing income so early in his career… if he cares about his religion he should save up and pay cash. Nothing wrong with buying your first house at age 28-30
Why is Dave making fun of Boaz saying that money printing causes inflation?? It does! What is wrong with him?
Thank you both I'm learning from you both
12:10 lol, funny to see this after we did in fact go up 6% in inflation
The guy talking About the inflation wasn’t lying
“Of course you are” 😆💯
Great show!
This time the caller was right, sorry to say Dave.
I've never worried about mortgage debt as long as it was a reasonable amount and low loan rate. Keep a low monthly payment on a 30 year mortgage and refinance when needed to get the lowest rate. I would use my income to invest rather than pay off the mortgage. My answer to those who say you must pay off your mortgage before you retire is, if I want to pay if off, I'll write a check.
I can get a bachelors degree (only factoring the 2 years) after my associates, at my local state college for under 10k. Why do you suggest 100k for college? That’s crazy. Maybe if there are going for a doctorates degree.
Right. I went to state school all 4yrs and then another state school for another 2yrs for my masters. I did have a Pell grant but honestly that doesn't help much! Anyway, after all 6yrs of taking out the Max Loans (pre Dave obviously) I graduated with 80k, not 100k. And that was maxing out loans to pay for things besides school and not paying a single cent in cash... So yeah. It should've been like 50-60k for me if I wasn't using my "refunds" for rent. And that's 6yrs of State University.
It doesn't hurt to have more than you need. Most state ran universities run around 75 to 80k. If you have more, you have more.
The price of college will not stay the same. For younger children, saving for their college, I would expect conservative savings to be higher than 100k.
You just calculated the lowest possible option but most students don’t use this route so you have to be realistic about that. If your student chooses to go to an Ivy League u need to factor that into it
And here we are at 7 percent inflation!!!!
Also no mention of Zimbabwe. There are hundreds of examples of paper money being printed into oblivion.
That inflation comment aged well
hahaha, was just thinking the same, smh
🤣🤣
Be frugal and don’t pretend rich or else trouble is waiting for u
I went to college. Got a BA, MA and soon ppl will call me Dr. It's like eating, eat or don't
I like choosing to be generous at whatever percentage I can afford at the moment, it should never be forced .. Churches would have a huge problem if they ever had to explain what they do with the money they get . My advice for this kid is “get your own paid for house first before a pastor does it using your money”
The student is looking for a project. Invest or pay for school. I agree 👍 💯 son, invest in yourself 1st. The project? Debt free education.
That iPad case tho 🥶 I NEED IT!!!
100k a year in the military....25 years of age. No. Plus, with BHA you aren't allowed to rent out a room (must declare this). Wow.
And we'll the future isn't great for Dave, inflation is hear and it's crazy
Did I hear William Wallace in the background of debt free scream??? Like literally??
“FREEEEDDDOOOOOOOM!!!!!!”
The first guy doesn’t sound sold on his religion what is the cheapest way I can still be in the religion 🤔
Yes IKR!! 😂
20% is a lot!
If he wasn't serious he wouldn't be worried about it at all. I love my country, trying to reduce my tax bill legally wouldn't change that.
Save 100k a year for the house then whatever is left after living expenses then do 20% charity. 3-4 years get the 300-400k home
I would get a mortgage in this case, I am not paying 20% of my savings
Sorry, but a required 20% gift to your church is ridiculous.
Find a cheaper religion
Awesome video
Fellow EDM in the making! Thanks DR for what you do!
Def the money Dr.
$250K is a 10% down payment.
20%?? I am Muslim and have heard of 2.5% but not 20%. But I am Sunni Muslim not Shia
I too was shocked when I heard that
So I looked it up and Shia Muslims do have to donate 20%. Not sure how Shia Muslims deal with interest.
Religion of choice can be changed at any time in your life. Plenty out there to choose from. Pick one you don't have to manipulate your banking decisions to meet religious requirements. Obviously this spiritual choice is not in alignment with your personal belief.
@@eckankar7756 That’s easy to say but not always easy to do.
@@NotYourTube24 I did it easily enough. When you see beyond the illusions where you are now you will be lead to the next step in your spiritual path. Be willing to let go of ritual and step forward to experiencing.
Get all that fluid dynamics education down pat first then earn the cashola and then save and invest.
I am a muslim, so far as i know and understand, you need to focused more on paying off debt before giving money to charity. During Zakat Ramadan how much we are eligible and the calculation to give is lower if we still have debts, Dave is correct Islam is strict when it comes to debt, when a muslim died, his family need to find out how much all of his debts to anyone is and tried to pay it off or negotiate if the debt can be forgiven. Dave programs of living debt free, paying cash, be incredibly generous is actually very near to how a devout Muslim does in day to day life 🙏
Kevin O’Leary: find a new religion
Love Anthony!
Can I do a zoom with this TH-cam channel? I forgot to do a debt free scream 5 years ago 😅
If you make enough and live on a budget, but the cost of everything skyrockets....then what.
Lol things don’t really “skyrocket” aha that doesn’t typically happen. I mean I’ve never seen groceries double over night and the budget should account for fluctuation of prices and inflation
Zimbabwe
i don't have that much lucks to make high income, but living paycheck by paycheck....how i can finish to pay off my mortgage in 5 years?
Inflation has been rising and rising?
A little ridiculous to let religion manage your finances.
I think he's feeling he's in the wrong religion. Plenty of religions out there to choose from, it's not like a big mole you're stuck with for life.
I am drained but I know and I am glad to hear that you have a good head on doing to he right thing. But you should take a third of your income and put it in the bank. But don't go girls gone wild and ALOT of people are to dependant on others but ....i was raised to not judge people by their $$ or what they drive. Because I am....50 and trying to get my independence back and guys are girls are money hungry and let friends and others not drive you. Be smart and also remember we want to always take care of your living expenses.
Dave is making fun of us for listening to Dave on the internet. 👍
"Dag gum!" LOL
$2.2 million net worth at 65 is my goal. 🙏🙏🙏
What if you make zero?
What about a BS in psychology, (then Masters in clinical psychology)?
You’ll make $$$ I wouldn’t consider that a puppetry degree by a long shot. No debt when your done you would be set.
@@thexxmason00xx73 somehow I missed this reply. Thank you for responding! I appreciate that
Inflation ended up being pretty true haha.
Looks like Boaz was right, inflation is upon us!
Uh huh...
Dave agreed about the inflation. He said there wont be hyper inflation.
inflation did come though
Yep, the caller was right
Inflation did, not hyperunflation.
Hello Dave Ramsey hope i can meet you and take a picture with you one day
Continental Dollar. Look it up Dave. We have certainly had hypertinflation in the US
When? Around the Civil War?
Every religion of “quality”? That makes me sad. If there is one way that leads to life and one that leads to destruction can anything else be “quality”? I just heard Dave bash someone on another clip that works for Christian nonprofit, who gets to share the gospel. He replied he gets to share the gospel. That was a lost opportunity if your purpose is to share the gospel.
Dave’s comment on religion was pure simple political correctness
He didn’t believe what he said. I think Dave has an overall good message and I learn stuff
Even though I learn from Dave he is completely telling an untruth and misleading everyone when when he basically guarantees a 12% return in a good mutual fund. When he bankrupts people with that nonsensical statement he’ll be living on the same luxurious island Suzzie Orman lives on. What a joke when he vets his advisors and sponsors who pay him a fee & help make him rich. Too bad, he can’t be upfront because he’s greedy. Yes, also very smart but must “con types” are brilliant. I couldn’t agree more that debt is bad but I don’t hide behind religion to make money
@@frederickruderman2997 he gives more money away per year than you've probably made in your lifetime..... nice try
27 year old with mechanical engineer degree we married to a teacher 😬
This video didn't age well. 6+% inflation currently
Why does Dave pretend taxes don't exist? 160k nets under 100k
According to Islam, charity is 2.5% of wealth that has been in one’s possession for a lunar year. I’m not sure where he gets 20% from
Shia
It's not 20%. It's 2.5%
Shia does require 20%
I have to question his entry level pay of $160K. I wonder if that's accurate.
Yep, he hasn't started the job yet.
11:40 Is not aging well
So in your mind your purposely trying to avoid paying your "share" of charity by spending your money differently.... I don't follow that religion but I'm sure any God would see right their threw a loop hole believers are trying to take advantage of.
300k in Texas will get you a nice shack
I want a Chrysler 300c for 12k I make 1200 a week I’m 17 🤔
I m muslim too and I think this guy is taking the wrong Islam's teaching on generosity and usury. When u're a muslim, u must give away 2.5 percent of ur overall wealth on an annual basis ,and u avoid getting in debt and usury at any cost. I dnt know where this guy got this 20% from.
There already is inflation
Dave said exactly that at 15:15- thank you for repeating him.
@@ddfamf88 you're welcome
Wrong its 2% not 20% this software engineer incorrect about the charitable contribution....
The kid is making $100k a yr in military? Wow - forget about his debts. And wife - should at least know and learn basic math.
AO is co-hosting. Here come the trolls😒
People don’t like AO? That’s kinda shocking. I’ve always found him to be pretty entertaining and knowledgeable.
This dude sound like he’s 54 yrs old
They never answer the questions, they always go off topic, lol it’s so annoying
Get a new relioion
I can't take marriage advice from single ppl its like asking a dog for math homework 😐
Shia a are not a sect ! It s a branch. Never heard of the 20% rule…
Does not age well
Hide yo money
Wrong again ao, adulterous girlfriend needs to baby step now or end engagement
The caller’s obligatory charity in her Muslim faith is no different than the Christian tithing you promote.
I thought christians tithe 10%
😎👍✌🖖👌😁
This was a poor take Dave. Lol
The data is submitted by people. How can the data be true ?
What’s wrong with Dave, he’s smart and has some great ideas but he must continue with his constant agenda filled with lies hiding behind religion ?
It’s not necessary Dave, you’re a smart guy, stop exaggerating please