Me and my wife couldn’t ever get ahead so I finally sat down with her and we added up all our bills and created a budget. We found we were spending on average 1200 a month on stuff now we’re putting a 1000 into savings and attacking our stupid bills and selling things we don’t need and now we are a year away from being debt free!
Wesley Groth - same here, I was spending a literal fortune eating out every month, usu fast food & easy take-out - not anything trendy or spendy. But doing it A LOT. Lunch out every week day & dinner out 4-5 nites a week. Eating from home has been a game-changer, budget-wise.
It took me a while to teach my wife how expensive it is to eat out. I asked her if she wanted to go out to a nice restaurant. If she did, we had to cut back on eating fast food. Skip 2 McDonalds meals and you can get Applebee's instead. Skip 4 McDonald's meals and you can go to a pretty dang nice restaurant for the same money.
I've now been listening to you for about a month and my whole mindset is changing. I even opened a new savings acct for my emergency fund and have been contributing to it. Now I just need to get your program. Thank you for inspiring me to do way better sir!
Starr Status Congratulations and well done. Its amazing when you find someone or something in life that inspires you to Make positive changes that can ENHANCE the quality of your life for ever if you allow it to. Good luck.
What’s amusing is even after becoming debt-free for almost two years now, some family and lots of friends still think I’m dumb for not having a credit card because I’m not ‘reaping’ the benefits. I don’t have a negative net worth; they do however.
idk man I love my credit score.... I can buy a house with 20% down... rent out a couple rooms. get urself equity instead of renting..... my net worth is 20k.... have 3k in credit card debt 0% Apr till end of this year than I'm paying full....
Actually; in Alberta, Canada, we had a Premier who told us to look in a mirror, instead of admitting that his party, which had been in power for 45 years at the time, had royally robbed Albertans and had given that money away. My response and campaign against him ended with a threat that every Albertan needed to buy a hand mirror and beat him with it.
Reminds me of that Michael Jackson song, Man in the mirror. I'm starting with the man in the mirror. I am asking him to change his ways. No message could have been any clearer. If you want to make the world a better place, take a look at yourself and make a change.
No, there was at least one: "If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month." - Theodore Roosevelt
So glad I found your channel about a year ago. I've always been one of the frugal ones of my friends and now I'm even more prepared for financial success with all your tips. Cheers.
Live within your means and save! Since I have eliminated debt I find I have money for anything I need and occasionally for things I don't really need but want!
I AM Dave Ramseyish, I am debt free, pay myself first, pay my bills, and live below my means. Whatever is left over I divide by 32 days in a month, that’s how much my wife and I can spend a day. If we spend less (which we usually do)!we have more the next day. By the end of the month we usually have a good chunk to put aside. Dave is a great inspiration and keeps me motivated.
Ha! I thought I was the only person who did that. I might give myself $500-$700 of money in my budget for gas, food, entertainment, and pretty much anything I swipe my card for during the month. Divide the remaining amount by the number of days, pay it all off at the end of the month, and repeat the next month.
I've never had a budget. Once I started making money, I just kept living like a poor student and saving the surplus, which I worked out was about 60% of my income.
That's what I do--spend as little as possible, all of the time. I don't have cable, an i-phone, car payments or credit cards, don't eat out, shop at thrift stores and buy clothes only when the ones I have are falling apart, so it works.
Same here, I was happy with 23 and no money. Now I spend some money in a few things some times, but 340 days each year I live like a student and enjoy free things.
You tell your money what to do, or you wonder where it went. One month into my debt free journey and this sums it up so well! Very powerful statement. You have to be proactive and plan.
I worked in the gulf-oil field for years-[good money] I have seen guys make the big money for years and blow it - and about 1 in 10 will manage and save their money and set themselves up in life!
You are the most honest man alive in America who’s telling all the truth. And thanks Dave since the past month listening to u I been improving it hard.
what unnecessary bills? mortgage? water? sewer? electricity? insurance? cable? car payments? ok, there's a short list....check off which ones we can do without. oh yes, lets not forget Credit Cards. Is that on the list? Depends on what you used it for. food before the paycheck comes in? I've done that. Then pay it off? yup....life happens. A new sofa on sale? Nope. Never. That is NOT an emergency. Sit on a folding chair from Wallmart until you save up for a sofa. It won't kill you. Dave would not approve of me. That's ok, I don't need his approval and neither does my family. They live wit ME, not Dave.
Mark G when it gets into the details of the investing part. What are the details? I'm investing/saving a large bulke of my income. Trying to balance where it goes is hard to figure out
I used to review my checking account once a month after all bills were paid and put everything over about $500 towards prepaying the mortgage. That $500 was a cushion that worked for me to avoid accidentally overdrafting if a math mistake was made. Kept emergency fund in a separate account. Shaved 16 years off a 30 year note.
A fool and their money are soon parted! Thank you mentioning Stephen Covey, my hero. I really like this video and I find it very inspiring! Thank you again!
It all boils down to common sense, something many today do not have. Put simply, if you spend more than you have (or make), you will eventually be broke - no matter how much you make, or how much you start with. Put the credit card and checkbook away and start paying for day-to-day things with CASH. That way, you'll actually "see" the money you're spending. When you use a credit card or a check, a $20 purchase and a $500 purchase look exactly the same. When you use cash, you can't help but notice the difference between one twenty-dollar bill, and twenty-five of them!
i LOVE LOVE LOVE THIS MANS ADVICE, IT'S ROUGH BUT, TO THE POINT! IT'S DIRECT BUT, THAT'S WHAT I NEED. IT'S FUNNNY BUT OH SO TRUE. I HAVE SO MUCH FUN LISTENING TO MR. RAMSEY !!!!
What Dave describes is like going to AA meetings. You have to keep the budget, keep the dollar apt and you will be successful. Same with a diet. It's not something you do then get off, it's a life time change to be successful. Intentional.
Dave and team PLEASE DO NOT STOP THESE LIL' SAYINGS. THEY KEEP ME GOING EVERY MORNING. The Lord has used you all to save my life. YOU SOUND LIKE MY MOTHER! SHE WAS "ALWAYS" RIGHT. EVEN WHEN I "THOUGHT" I WAS AND FAILED!!! . I AM GRATEFUL SIR
I owed a 20k car loan, and my car was worth 16k if i sold it. Which meant i still had to pay out of my pocket 4k, i did it. Why? My payments were 550 a month. And i was tired of paying for 3 yrs, and still had another 3 yrs left. Guess what? I saved up 7k really fast with those 550 extra a month, bought a car cash. And now iam back where i started. With s car i OWN, and still making 550 extra a month. I basically gave myself a 550 a month promotion lol be smart with your money guys, and having a car loan is a hole you do not want to be stuck in...well, any loan actually
John Dyer But the inconvenience is so small compared to the rewards of accomplishment and peace it brings. It really sets you on the path to being more happy and content. I've only been on a written budget for about a month now and wow! What a difference. I feel like I got a huge raise and my bank account is in great shape despite the fact that I'm aggressively paying off debt. It's like you can really see the cash flowing in a very smooth and controlled manner and I'm not as worried about money actually
What are you talking about? Download EveryDollar app, every single month, put the budget for that month. I use the TD spend app to categorize what money I sent go where, like if I spent 60$ at Walmart it go to Groceries, same as utilities and anything else. Every week, open the app, and make sure u spent as budget u want. I am 19, married, go to school and work and I can still do it. Pls no excuse if you want to take control of your money as well as your life.
Some people don't uses that or write it down because it's too depressing to see more month than money. They are stretched to their limit. It's easy for people to look at others, tell them how to live.
We live the life that Dave preaches but we have never really had to be put on a budget. It is a lifestyle issue with us that has produced our financial freedom!
Contribute to your employer's 401k up to their match. If they match up to 4%, then you only contribute up to 4% yourself annually Open up a Roth IRA with the following: Small cap growth mutual fund with a 10 yr track record of earning at least 12% Mid cap growth mutual fund with a 10 yr track record of earning at least 12% Large cap growth mutual fund with a 10 yr track record of earning at least 12% International or emerging markets mutual fund with a 10 yr track record of earning at least 12%. If you are contributing 4% to your 401k, contribute 11% to your Roth IRA and divide the 11% evenly between these 4 mutual funds you picked.
I'm nervous to spend every single dollar with an emergency fund still. I like to have a few hundred bucks to fall back on for things I don't expect like an expensive oil change, broken glasses that I need to replace, or to help someone out. These are not exactly emergencies but they are expensive needs or obligations.
Ya, I keep an emergency fund in savings plus some buffer money in my checking since the timing of auto-pay bills is not always convenient in comparison to paychecks.
You can always save more in another account for those specific things! I’ve saved my 1,000 but I opened a couple other accounts to save for upcoming things like my insurance (I pay every 6 months) trips, summer wardrobe, birthdays, possible car expenses, etc.
Dave says you should start with a small cushion in your checking account. Mine is 100 (i.e., $100 in my account = don't touch that). After that, the funds I have coming in need to equal zero. For lesser emergencies, yes, a sinking fund is good to have.
I have a 40 yr. TBI/PTSD injury history and had to re-engineer culture tools building a responsive Rehabilitation organization plan. I now help like economic disabled consumers network their individual ownership in control of Data in Software on "neurologic" Welfare care and Mental Healthcare work source with April 25, 2015 MSU-B COB/U of M "3N Technologies/TBI/PTSD" Finals project and feasibility study discipline options.
So many that don't still do not make better decisions, if you don't know ask. If they don't know, seek it out. I have personally spoken to people who have a less than 200.00 house payment who struggle to pay it. I go over their Financials and food is eating them alive. Grandma always said, where there is a will there is a way
B Gaudin Yep. If you made good decisions such as being debt free, having a good emergency fund and living below your means, you’d be fine. You’re in charge of your own destiny.
That's the thing, most of his lessons and teachings are things that really anyone can figure out. He constantly reminds us that living on less than you bring in can be discovered by someone as young as the third grade.
You do have a point BUT I've never had a written budget and me and my boyfriend have always been debt free. We have no credit cards, no student loans (and we have both graduated from universities, I'm a doctor and my bf is an engineer) no cars (we use bikes and public transportation), I eat plant-based most of the time (like 5-6 days per week), we rarely spend money on restaurants and such, we save about 50-60% of our income and it has always been like that. Now we have a mortgage that takes up about 20% of our income and we were able to pay a hefty downpayment for our apartment. Our secret? Oh well we live in Europe :D :D
I love Dave's advice. Too bad the every dollar app isn't available in the Netherlands. But I am following the baby steps. Currently saving 1000 euro before December 31st and than pay off my student loan debt.
I am that person that money happened to, sadly. I am embarrassed to say I've blown away my father's inheritance on stupid things. Not anymore, I'm changing that for sure. It all starts with my budget.
Wow what a great quote at the end there. "You don't get a pass if you're smart. If you're smart you gotta do it twice as much." Being smart is not an excuse to be mediocre, it's the exact opposite.
"If you're smart, you have to do it twice as much 'cause you think you're smart." X-D I definitely check my budget and work on my finance numbers more frequently than I make purchases.
I have a watch obsession on an average income, and every time I want to buy one, I go to TH-cam and watch Dave. So far, debt free and my investments are starting to gain traction
So true. Those I know who are terminally broke fail to be the ones who take control of their decisions. They play the victim and complain that everything happens to them.
The one thing I've never done is live on a formal budget. I'm frugal by nature and didn't inflate my standard of living much as my income grew. I did however review my expenses a few years before retirement and cut out some things like landline and DirecTV and an unrideable horse to get my average monthly expenses down to where I wanted them to be.
I wish I could have the time to translate to Spanish every single word Mr. Ramsey says here and make it viral! You know what? I will find "that" time after I do what he suggest here to do.
save that 11k, dont spend a dime of it.. put 10% of your check in savings to build on what you have. put 10% in a mutual fund, one with a history of 5% a year. live life for the next four years, save up for college andpay it off 100% with cash, but at 21 your friends maybe graduating but with debt, you will be starting college with NO DEBT and working..
This show is addicting!
I'll be watching a tv show thinking about this show
Yeeep
Gotta level up
Yes it is. I listen and go over my budget while listening
It really is ‼️
YOU KNOW WHAT PISSES ME OFF ABOUT LISTENING TO THIS???
HE'S SO, SO, SO RIGHT !!!!!
OUCH
Me and my wife couldn’t ever get ahead so I finally sat down with her and we added up all our bills and created a budget. We found we were spending on average 1200 a month on stuff now we’re putting a 1000 into savings and attacking our stupid bills and selling things we don’t need and now we are a year away from being debt free!
Jeremy Holm good for you ☺️ it’s a great feeling when you see that light at the end of the tunnel.
Congrats! I've never met you but I'm proud of you. Keep it going!
Congrats, man! You and your wife have achieved a great accomplishment.
Well done! Keep it going!
Good job!!!
Fast food "was" my weakness. Home food is my strength Home food is my strength Home food is my strength
Hey bro, nice last name!
Wesley Groth - same here, I was spending a literal fortune eating out every month, usu fast food & easy take-out - not anything trendy or spendy. But doing it A LOT. Lunch out every week day & dinner out 4-5 nites a week. Eating from home has been a game-changer, budget-wise.
It took me a while to teach my wife how expensive it is to eat out. I asked her if she wanted to go out to a nice restaurant. If she did, we had to cut back on eating fast food. Skip 2 McDonalds meals and you can get Applebee's instead. Skip 4 McDonald's meals and you can go to a pretty dang nice restaurant for the same money.
And it's YOUR food vs someone else's. Take pride in that.
I spend way too much money on fast food
I've now been listening to you for about a month and my whole mindset is changing. I even opened a new savings acct for my emergency fund and have been contributing to it. Now I just need to get your program. Thank you for inspiring me to do way better sir!
Starr Status Congratulations and well done. Its amazing when you find someone or something in life that inspires you to Make positive changes that can ENHANCE the quality of your life for ever if you allow it to. Good luck.
Never dare to do even a step back. It is a long path, but it is a great journey. Good luck!
uh uu. ivh
@@georgievvladimir vh
@@georgievvladimir vhh
It's GOLD what's pouring out of this man's mouth!
What’s amusing is even after becoming debt-free for almost two years now, some family and lots of friends still think I’m dumb for not having a credit card because I’m not ‘reaping’ the benefits. I don’t have a negative net worth; they do however.
I get so sick of that one, Alex. Like it's just 'luck' to be in a good financial spot after years of planning and discipline!
idk man I love my credit score.... I can buy a house with 20% down... rent out a couple rooms. get urself equity instead of renting..... my net worth is 20k.... have 3k in credit card debt 0% Apr till end of this year than I'm paying full....
fredis diaz actually your net worth is $17k. That $3k in CC debt is ridiculous. You can’t math.
Mike Nelson I actually have 23k lol come on man.
Mike Nelson u angry?
Tell your money where to go or you will wonder where it went.-I love it Dave! 😊
"Most of your problems are your fault." - No politician ever.
Actually; in Alberta, Canada, we had a Premier who told us to look in a mirror, instead of admitting that his party, which had been in power for 45 years at the time, had royally robbed Albertans and had given that money away.
My response and campaign against him ended with a threat that every Albertan needed to buy a hand mirror and beat him with it.
amen brother!! too many entitled people out there that play the blame game, and never take any responsibility for any of their own actions
Because...elections.
Reminds me of that Michael Jackson song, Man in the mirror. I'm starting with the man in the mirror. I am asking him to change his ways. No message could have been any clearer. If you want to make the world a better place, take a look at yourself and make a change.
No, there was at least one: "If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month." - Theodore Roosevelt
Thanks Dave! You always keep me financially focused.
These concepts are also in the book ; The Richest Man in Babylon . Dave Ramsey is on point . His program is Biblically sound and it works 🙏🙂
I like that book!
I am 69 on SS and FERs and have a plan in place to become a millionaire in 5 years. Thank you Dave Ramsey.
So glad I found your channel about a year ago. I've always been one of the frugal ones of my friends and now I'm even more prepared for financial success with all your tips. Cheers.
Live within your means and save! Since I have eliminated debt I find I have money for anything I need and occasionally for things I don't really need but want!
So true
I AM Dave Ramseyish, I am debt free, pay myself first, pay my bills, and live below my means. Whatever is left over I divide by 32 days in a month, that’s how much my wife and I can spend a day. If we spend less (which we usually do)!we have more the next day. By the end of the month we usually have a good chunk to put aside. Dave is a great inspiration and keeps me motivated.
Ha! I thought I was the only person who did that. I might give myself $500-$700 of money in my budget for gas, food, entertainment, and pretty much anything I swipe my card for during the month. Divide the remaining amount by the number of days, pay it all off at the end of the month, and repeat the next month.
If you have money leftover you do not necessarily have to divide it in two days you can just invest the whole thing
I've never had a budget. Once I started making money, I just kept living like a poor student and saving the surplus, which I worked out was about 60% of my income.
That's what I do--spend as little as possible, all of the time. I don't have cable, an i-phone, car payments or credit cards, don't eat out, shop at thrift stores and buy clothes only when the ones I have are falling apart, so it works.
It is still a spending plan. You are being intentional about your money, which is the entire point of the budget.
Still budgeting in a way 😜 KEEP AT IT! Good luck!
Same here, I was happy with 23 and no money. Now I spend some money in a few things some times, but 340 days each year I live like a student and enjoy free things.
You tell your money what to do, or you wonder where it went. One month into my debt free journey and this sums it up so well! Very powerful statement. You have to be proactive and plan.
Here's a tip, dont get $100k+ in student loan debt that you will never pay off on a degree that doesn't make sense. I know this first hand.
GREAT ADVICE!
@@caribbeanbound8357 but school is also 40 ours. When did you sleep?
Listening to this in the UAE. Thank you Dave. My family living in this part of the world definitely need more of this. God bless you.
I worked in the gulf-oil field for years-[good money] I have seen guys make the big money for years and blow it - and about 1 in 10 will manage and save their money and set themselves up in life!
I needed to hear this Dave Ramsey smackdown as much as I’ve been eating out lately.
You are the most honest man alive in America who’s telling all the truth. And thanks Dave since the past month listening to u I been improving it hard.
I am tired of working to pay these unnecessary bills.
You know what to do.
what unnecessary bills? mortgage? water? sewer? electricity? insurance? cable? car payments? ok, there's a short list....check off which ones we can do without. oh yes, lets not forget Credit Cards. Is that on the list? Depends on what you used it for. food before the paycheck comes in? I've done that. Then pay it off? yup....life happens. A new sofa on sale? Nope. Never. That is NOT an emergency. Sit on a folding chair from Wallmart until you save up for a sofa. It won't kill you. Dave would not approve of me. That's ok, I don't need his approval and neither does my family. They live wit ME, not Dave.
@@roxannegordon6162 you're broke. No one cares what you think about money.
Roxanne Gordon change your mindset and things will change 🙏
@@roxannegordon6162my family lives with me but I will still go to doctor...stupid logic you have there
Live below your means and invest not rocket science.
Mark G when it gets into the details of the investing part. What are the details? I'm investing/saving a large bulke of my income. Trying to balance where it goes is hard to figure out
HingleMcCringleBerry Well If you have a 401k id put a large portion into that also look into a index fund for other money.
Mark G doing both. I guess I'm wondering where the optimal balance is between mutual funds, IRA, 401k, savings, etc. Lots of options.
Controlling the person in the mirror is the common stumbling block!
Common sense is so rare it's marketable. - Dave Ramsey
I used to review my checking account once a month after all bills were paid and put everything over about $500 towards prepaying the mortgage. That $500 was a cushion that worked for me to avoid accidentally overdrafting if a math mistake was made. Kept emergency fund in a separate account. Shaved 16 years off a 30 year note.
Excellent news for you and oh have a great holiday - Happy Thanksgiving!!
A fool and their money are soon parted! Thank you mentioning Stephen Covey, my hero. I really like this video and I find it very inspiring! Thank you again!
It all boils down to common sense, something many today do not have. Put simply, if you spend more than you have (or make), you will eventually be broke - no matter how much you make, or how much you start with. Put the credit card and checkbook away and start paying for day-to-day things with CASH. That way, you'll actually "see" the money you're spending. When you use a credit card or a check, a $20 purchase and a $500 purchase look exactly the same. When you use cash, you can't help but notice the difference between one twenty-dollar bill, and twenty-five of them!
Listening to this as I'm receiving my stimulus to make sure I do the right thing with it.
i LOVE LOVE LOVE THIS MANS ADVICE, IT'S ROUGH BUT, TO THE POINT! IT'S DIRECT BUT, THAT'S WHAT I NEED. IT'S FUNNNY BUT OH SO TRUE. I HAVE SO MUCH FUN LISTENING TO MR. RAMSEY !!!!
Its so refreshing to hear someone say people are idiots! We really are we need so much help! haha love this guys
Be intentional, focused, and with a game plan. Yes, keep it simple !
What is important is to stay inspired. Always keep your goal in mind.
What Dave describes is like going to AA meetings. You have to keep the budget, keep the dollar apt and you will be successful. Same with a diet. It's not something you do then get off, it's a life time change to be successful. Intentional.
Dave and team PLEASE DO NOT STOP THESE LIL' SAYINGS. THEY KEEP ME GOING EVERY MORNING. The Lord has used you all to save my life. YOU SOUND LIKE MY MOTHER!
SHE WAS "ALWAYS" RIGHT. EVEN WHEN I "THOUGHT" I WAS AND FAILED!!! . I AM GRATEFUL SIR
I owed a 20k car loan, and my car was worth 16k if i sold it. Which meant i still had to pay out of my pocket 4k, i did it. Why? My payments were 550 a month. And i was tired of paying for 3 yrs, and still had another 3 yrs left. Guess what? I saved up 7k really fast with those 550 extra a month, bought a car cash. And now iam back where i started. With s car i OWN, and still making 550 extra a month. I basically gave myself a 550 a month promotion lol be smart with your money guys, and having a car loan is a hole you do not want to be stuck in...well, any loan actually
Yup. Sold my V8 Lexus.
Man can you reply please. I currently owe 20k on a car also worth 16k and I need advice
@@isalite advice for what? I already gave my advice, which was to do whatever you have to in order to not be stuck on a car loan
It's a good speech but most people will not live on a written budget because it's not convenient. Our culture worships comfort and convenience.
John Dyer But the inconvenience is so small compared to the rewards of accomplishment and peace it brings. It really sets you on the path to being more happy and content. I've only been on a written budget for about a month now and wow! What a difference. I feel like I got a huge raise and my bank account is in great shape despite the fact that I'm aggressively paying off debt. It's like you can really see the cash flowing in a very smooth and controlled manner and I'm not as worried about money actually
The EveryDollar app makes it super easy
What are you talking about? Download EveryDollar app, every single month, put the budget for that month. I use the TD spend app to categorize what money I sent go where, like if I spent 60$ at Walmart it go to Groceries, same as utilities and anything else. Every week, open the app, and make sure u spent as budget u want. I am 19, married, go to school and work and I can still do it. Pls no excuse if you want to take control of your money as well as your life.
Yep. Life is short.
Some people don't uses that or write it down because it's too depressing to see more month than money. They are stretched to their limit. It's easy for people to look at others, tell them how to live.
Every dollar budget. Sick and tired of being sick and tired!!🙌🏻🇵🇷
PREACH DAVE! THANKS FOR SHARING KNOWLEDGE
Spot on, Thank You
We live the life that Dave preaches but we have never really had to be put on a budget. It is a lifestyle issue with us that has produced our financial freedom!
I paid off my credit card debt, cut up both my credit cards today, I have a $1000.00 for an emergency fund. What's next!
Contribute to your employer's 401k up to their match. If they match up to 4%, then you only contribute up to 4% yourself annually
Open up a Roth IRA with the following:
Small cap growth mutual fund with a 10 yr track record of earning at least 12%
Mid cap growth mutual fund with a 10 yr track record of earning at least 12%
Large cap growth mutual fund with a 10 yr track record of earning at least 12%
International or emerging markets mutual fund with a 10 yr track record of earning at least 12%.
If you are contributing 4% to your 401k, contribute 11% to your Roth IRA and divide the 11% evenly between these 4 mutual funds you picked.
I'm nervous to spend every single dollar with an emergency fund still. I like to have a few hundred bucks to fall back on for things I don't expect like an expensive oil change, broken glasses that I need to replace, or to help someone out. These are not exactly emergencies but they are expensive needs or obligations.
Im from Venus you can allocate money to savings you don't have to spend it all by anymeans if you have excess pay off debt or save 😊
Ya, I keep an emergency fund in savings plus some buffer money in my checking since the timing of auto-pay bills is not always convenient in comparison to paychecks.
You can always save more in another account for those specific things! I’ve saved my 1,000 but I opened a couple other accounts to save for upcoming things like my insurance (I pay every 6 months) trips, summer wardrobe, birthdays, possible car expenses, etc.
I have Sinking funds for these types of things.
Dave says you should start with a small cushion in your checking account. Mine is 100 (i.e., $100 in my account = don't touch that). After that, the funds I have coming in need to equal zero. For lesser emergencies, yes, a sinking fund is good to have.
I have a 40 yr. TBI/PTSD injury history and had to re-engineer culture tools building a responsive Rehabilitation organization plan. I now help like economic disabled consumers network their individual ownership in control of Data in Software on "neurologic" Welfare care and Mental Healthcare work source with April 25, 2015 MSU-B COB/U of M "3N Technologies/TBI/PTSD" Finals project and feasibility study discipline options.
Your financial situation is largely based on decision making and not circumstance. The wealthy understand this and the poor don’t.
so many of us don't get good circumstances, even when making good decisions
So many that don't still do not make better decisions, if you don't know ask. If they don't know, seek it out. I have personally spoken to people who have a less than 200.00 house payment who struggle to pay it. I go over their Financials and food is eating them alive. Grandma always said, where there is a will there is a way
@@caribbeanbound8357 not everyone. some people god won't help no matter how hard they try. some people have excuses, some have explanations
Still think so? Everyone just lost their jobs due to circumstances.
B Gaudin Yep. If you made good decisions such as being debt free, having a good emergency fund and living below your means, you’d be fine. You’re in charge of your own destiny.
Can Dave Ramsey do a video for teenagers like simple facts how to be successful in finances.
Allan he already has
Dave and his daughter wrote a book on it
That's the thing, most of his lessons and teachings are things that really anyone can figure out. He constantly reminds us that living on less than you bring in can be discovered by someone as young as the third grade.
Caleb Shares It‘s called „Smart Money Smart Kids“ 😉
He has a high school curriculum schools can buy. It may be on his website.
Love this! We’re winning 500k net worth in our early 30s
🙏🏾...
The skill sets we learned when we earned very little are in place now when we have greater flexibility. It's exciting to see financial traction now.
You do have a point BUT I've never had a written budget and me and my boyfriend have always been debt free. We have no credit cards, no student loans (and we have both graduated from universities, I'm a doctor and my bf is an engineer) no cars (we use bikes and public transportation), I eat plant-based most of the time (like 5-6 days per week), we rarely spend money on restaurants and such, we save about 50-60% of our income and it has always been like that. Now we have a mortgage that takes up about 20% of our income and we were able to pay a hefty downpayment for our apartment. Our secret? Oh well we live in Europe :D :D
when evr I think I am even getting REMOTELY OFF TRACK. I LISTEN TO THIS AND REMIND MYSELF. I'M CLOSER THAN I WAS LAST MONTH!!! HOOOWEEEE
I love Dave's advice. Too bad the every dollar app isn't available in the Netherlands. But I am following the baby steps. Currently saving 1000 euro before December 31st and than pay off my student loan debt.
I am that person that money happened to, sadly. I am embarrassed to say I've blown away my father's inheritance on stupid things. Not anymore, I'm changing that for sure. It all starts with my budget.
Good luck 👍🏾
I just got off the bus, and it happened.
What happened after you got off?
Lol
Wow what a great quote at the end there. "You don't get a pass if you're smart. If you're smart you gotta do it twice as much." Being smart is not an excuse to be mediocre, it's the exact opposite.
Love the rants man, always so humbling!
Just watched your video and subscribed, looking forward to watching more and applying these principles. Thank you for sharing your insight.
Thank you
7:36 I soo thought he was going to say "fall off your bike" good analogy Dave.
"If you're smart, you have to do it twice as much 'cause you think you're smart."
X-D
I definitely check my budget and work on my finance numbers more frequently than I make purchases.
Love ya mr. Ramsey I appreciate what you do.
You dislike this video? That's the entire point,you're not gonna make it! Simple as that!
I’m so amazed! I learned a lot from this show. Thanks Dave👍🏻
Never stop !
Dave drops gems daily!
Thank you for Inspiration everyday through my journey wherever I need it!
Preach Dave preach.
Thank you.
I have a watch obsession on an average income, and every time I want to buy one, I go to TH-cam and watch Dave. So far, debt free and my investments are starting to gain traction
So true, I'm making the changes now
I would love to have available everydollar in Spain. How about everyeuro?
So true. Those I know who are terminally broke fail to be the ones who take control of their decisions. They play the victim and complain that everything happens to them.
That shirt is dope. Way to get it Dave!
This is PROFOUND advice
Thank you Dave, I am going to straighten up. This video was great.
The one thing I've never done is live on a formal budget. I'm frugal by nature and didn't inflate my standard of living much as my income grew.
I did however review my expenses a few years before retirement and cut out some things like landline and DirecTV and an unrideable horse to get my average monthly expenses down to where I wanted them to be.
How did Dave know that's how I got married??
You control your destiny!
I don’t really have a budget but I DO pay myself first and invest for the long term. It’s working for my family
Dave you are fantastic! Thank you for what you do for me and all of us.
Agree. Agree. Agree!
R Lee, you could have kept this comment to yourself sweetie. I don't care whether you agree or disagree
Thank you Uncle Dave!
This is an example of a master salesman. He provides amazing motivation, good advice, and then comes the knockout punch - "smartvestor pro"!
Preach Pastor Ramsey!!!
Could never let me win a large sum of money and lose it all.Always gotta lock in when you get the chance
Thank you, Dave.
You’re exactly right Dave!!!
I love Dave I am learning a lot I wish I could call him up from Australia
Thank you for acknowledging the “isms”, Mr. Ramsey.
This is wonderful. 👏👏👏
I wish I could have the time to translate to Spanish every single word Mr. Ramsey says here and make it viral! You know what? I will find "that" time after I do what he suggest here to do.
Thanks for the video Dave.
The 🐍 has turned!!!
Well... "Some of you did accidentally get married" LOL that was funny dave.. But seriously! Good stuff on the program
save that 11k, dont spend a dime of it.. put 10% of your check in savings to build on what you have. put 10% in a mutual fund, one with a history of 5% a year. live life for the next four years, save up for college andpay it off 100% with cash, but at 21 your friends maybe graduating but with debt, you will be starting college with NO DEBT and working..
I love this show.
Love you Dave!!
I really enjoy hearing this from a conservative
Cause you'd never hear it from a liberal
nauticadon Yes. It’s the “I got mine” mindset.
Love this video.
Best video I have watch for 2020
Wow , that was amazing !!
Pay attention to you paycheck and relationship love
I've fallen. Getting up now!
That ish was funny!😂😂