Dave’s Top Teaching Moments | Dave Ramsey's Greatest Hits
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My achievements for last 8 years
Paid mine and family debts
Built new house for family
Spend money for my Two sisters marriage,
Bought car
Now Debt free and investing journey started, wish me luck 🎊 💗
Congrats and best of luck
Good luck!!! Happy to hear you are doing well. It's motivational. You are a positive example that we can all do it.
Just paid off my debt today, 🙌 hurt a lot but I got it through. Now it's all profit and no more liabilities.
Get that emergency fund done.. and then you’re piling up retirement for the rest of your life.. it piles up fast
Paid off everything thanks to Dave. Everyone can be debt free😅
Congrats!
I get called a dumb ass for not having credit cards people always look for somthing to dig on you but poppa dave always makes me feel better
Man I just got a credit card, because as I saw it helps you when buying a car, a house, etc. At this time I have not spent anything and I'm a little scared of going into too much debt. What do you recommend me?
who cares if you dont have a credit card bet you got thousands in savings and they got none lol
As someone with almost 100k in credit limit (never paid a single late fee or interest payment in my life) the trick is to just budget and dont overspend. If you do, youll never, ever have late or interest payments and you will make money using them assumjng youre using rewards cards. And if you're using a budget as if you were using cash/debit, then you will not be spending more than you would without one.
If you suddenly are making reasons to carry a balance, cut up your cards immediately.
Make sure youre always living below your means, try to save at least 20% or so of your post tax income every month. Have an emergency fund that is liquid cash. CCs, LOCs are not emergency funds. @GlaricRelic
credit cards are so time consuming. We save time by not dealing with them and their manipulation
I guess 😅🤔 we are both dumb ass people and let's stay that way 🎉💪⚓🧑🔧
Started watching about 10 years ago, massive mortgage, but careful with money more or less. Anyway after these years I’m millionaire. I don’t have a car payment, but have a new car. I don’t have a mortgage in the last 16 months. I put 27% into pension with company on 8%. I have 120k liquid savings and half a million in pension pot. All assets combined 1m. Thanks Dave for being there and allowing me to dip in for inspiration. Continue to watch to stay the course. And editing to add, I’m only getting started. I will give and grow. God bless all.
dang brother. GET IT. Hoping to be on your level soon.
man I have 20 years now, and dont know too much about finances, what can u recommend me to get there???
im studying a bachelor in computer engineering, so I can have a good job, at least thats what my parents tell me. (currently in my second year)
@@GlaricRelic good advice from your parents as obviously income is the most important source of wealth. Otherwise learn the value of the concept of wealth. It’s about choices, I could buy that or this, but I choose not to. Control and confidence. Don’t be driven by needing things, but by needing to build wealth and choosing should you wish things that complement your own goals. Look at the unfortunate people who spend all they earn and some. Is that you? If not you will be fine. It’s common sense to be honest.
@@downburst1 thank you so much, ill do my best always to take them out of debts and stay finantially free
God bless you bro you got this @@GlaricRelic
I’m 35 and in 56k in debt….. I’m gonna clean myself up and chase positive wealthy and freedoms thank you Dave 😮💨🎤🤬
You can do it!! You're so young, you WILL be wealthy and sooner than you think. Bless you!
I just discovered The Ramsey Show a few months ago and can only watch it here on TH-cam (I am not American).
I payed for my brand new car with my debit card (I bought a Renault Twingo, I don't even think they sell it in the USA, it is a very small car compared to normal US cars, but it gets me from A to B).
I have never really had a credit card (I did have MasterCard for 10 years as an extra security when I travelled but I never used it). I just have a debit card. I have never really been in serious debt because I always paid it off as fast as I could (student loans and my mortgage). It only took a few years of hard work and tight budget.
Now I have a low paying job but a lot of free time. I save for financial freedom and early retirement. My plan is to be retired by 2030 and enjoy the rest of my life with more to spend than I ever did. I think I will just go on spending like I am used to, I really don't need much to have an enjoyable life
Seeing Zero balance on the two credit cards I paid off is an AWESOME feeling. ❤
Out of debt thanks to Dave and hard work!! YOU CAN DO THIS!!!
Im lucky to say the most debt ive had is $217.36 and im listening to Ramsey at 18 years old just graduated high school and have my welding certification from college
"If we were doing math we wouldn't have credit card debt to start with" 😂 I listen for gems like these! Thank you Dave!!
I'm on step 3 of the 7 step program. I paid my debt and it hurt but I feel a difference in my life from doing so
My husband and I made the decision that we’re going to get out of debt. No more beating around the bush, and no more paying extra on this or that without a plan. We have our plan thanks to Dave, and this is the first month of the rest of our lives. Conveniently, our interest rates allow us to use the debt snowball to pay off the lowest balance and the highest interest debt simultaneously, so no worries there. Thank you, Dave!!! We haven’t even started yet, but we have you to thank!! We have hope and a bright future ahead thanks to you!!
Dave is doing gods work, thank you for your wisdom!
I’m a FAN of these rants
No debts here. A simple life. Financially disciplined. Minimalist lifestyle.
From living in an attic to making a chicken last a week, we invested in ourselves. Professional degrees that landed us in good jobs and comfortable lives.
We saved for the kids’ education and prepaid their education when they were in sixth and eight grade. They have no student loans today and unburdened by debts.
My husband bypassed Yale because we did not have the money and the university did not give him any scholarship. Some regrets but we would have ended up in major debts and the inability to pay for the education of our children.
Thanks David for speaking frankly about money. Many of us have to keep up with the Joneses.
I have no debt but I am using Dave’s beans and rice recipe to save extra for retirement. Running with gazelle intensity towards making it happen early. When I am tempted to go out to a restaurant and blow $50 on a meal that a reluctant 22-year old line cook made, I decide that the money will be better spent at a later date…when I want a dinner out in my retirement. 😎
Really trying hard to clean up my 16k worth of debt.
Keep going.
You got this! I’m in the same boat -we will get to that financial peace ☮️
You can do it!
how many debts? 16k should be cleared in 16months with minimal effort. with a snowball even faster.
Started this year with $7.5k in debt. At a solid $4.2k so far. I’ve got this, you got this, we got this!
Love and appreciate you all.
Good luck to everyone on their journey. I promise it gets better. KEEP GOING!!!
"Put the dog on Ebay" 😂 noooooo! My dog is priceless! Haha
“Scorched earth life style. Sell so much stuff that the kids think they are next.” 11:00
Dave said it, some live so conservatively that they can use credit cards without spending more. My wife and I have our hands raised. We earned $1.75M over 36 years, we saved and invest our way to a liquid net worth of $2.72M. Our paid for home increases that number. It takes a mental attitude that Dave tries hard to instill.
I'm halfway paying off debt. Got another year to go (24 month plan) . Paid off my car last week. I'm feeling REAL good about that! Taking that $400 payment and applying it to remaining debt. As an empty nester I was able to make a huge dent selling stuff off (decor and antiques) that I no longer needed at a local auction house. Check local auction houses in your area you'll be surprised at just how much your unwanted stuff sells for to collectors.
Keep it up bro 💪🏾
My cat on craigslist 😂....
Should I tell my wife? We have two cats.
Thank u for these lessons they are a blessing
Thank you sir! I love your show.
I am on baby steps 2 now.
Love listening to Dave the word "Stupid " 😵💫 gets under my skin . I am learning from others' mistakes.
I always thought about if I just a made a little more it will be okay, all I had to do was control what I had.
You can’t make enough to out earn stupidity.
Hi I been learning lot for u I’m sitting better with money by watching u all
10k in debt. Was working 3 jobs now I'm all in on one job that will pay more. Just trying to get to that first step
You got this!!
This video was absolutely phenomenal! Really shows the character and knowledge. Thank you so much uncle Dave for amazing this path !
“Some of you got drunk and wake up married” 😅
Great timeless advice
I did it 'ish' and still made it. Did a few rollercoaster loops through stupid tax land, but still made it. Don't tell Dave.
I knew the credit card advice 20 years ago but didn't take it like I should have. Now, I am in CC debt. As for the housing advice, I don't ever plan on buying or building a house. I'll try to adapt it to a boat when they time comes for me to retire.
I do it was 29 dollars, i clicked it up. still used the debit card. LOL funny you mention the grocery store stuff. I deliver groceries for walmart spark for "fun funds" I have heard SOOO many people I deliver to that actually tip decently say that the tip is because I am still saving them tons of money from "broswing shopping".
Not sure I would have picked those as choices for his best. He’s way more amazing than those are. Hey whoever put this together…. Really pick the best so I can send it to members of my family I have been waiting for a best of. Like an intro to Dave and the principles video with some riveting calls too!
That’s so impressive that I have been always living by those rules and everybody called me money hamster. But I’m not alone, Dave thinks the same way 😊
Anytime Dave does the Kermit voice you know it’s a good rant!
Get out of debt people!!! It's worth it!
11:10 "name the dog ebay and put him there"
You’re making some incredible points here. This is something i was expecting to find in your book. Unfortunately, all i did is read other peoples story.
Paid off everything sold tbe new car 4 months ago. Was pretty much broke but getting rid of that Mercedes and now driving a old minivan thats as good as new car or truck
I'll save you 38 minutes, adopt a minimalist lifestyle and stop caring about your "social status " and you'll have money at the end of the month...not that freaking hard smh 😒
I'd beg to differ based on observation!!
You are correct. Live within your means.
Exactly. I started minimalist lifestyle 5 years ago and it definitely helped, I would say 80% behavior. Plus I'm reaching 40, so I care less and less about what people think about me.
Credit and now, medications are vying for the top commercially pushed products!
USA USA!
What episode is the first Dave rant speech? I was looking for it for a while and here it is!
Cash is money already spent, i.e. not painful to spend at all for me. Plastic on the other hand represents the decrease in my accounts, which is very painful. It’s not the 20th century anymore.
Fail.
Dave knows everything his is the only way lol
I been out of debt practically my whole life. 2023 I was almost 30k in debt. Got out in 1 year.
Housing?
@@BenState no. Car payments and a trip to Cancun
@@Patsworldbaby So you're homeless
@@BenState I live in my semi truck. But on paper yes I’m homeless.
This is the last one? Come on we love Dave Ramsey Greatest Hits! We could possibly get another two or three videos out of it. This series is pretty much biblical for getting your money mindset together you can go back to these videos and learn new things
The borrower is slave to the lender. Behavior matters most, pay off debt, get rid of those traps.
If we put all of our expenses on an Amex and pay it off every single month and get loads of rewards, where is the downside?
You spend more when you use CCs plus you support a predatory company
I still go into the gas station to pre-pay for gas. They put a hold (more than the amount of gas) on your card when you use debit cards - at least they do here in GA.
Well I was always good with money and just for fun calculated the incentive of credit cards which is usually not much. I use one but I pay it off every month and I don't cellect debt on it but Dave is right using one makes you loose oversight of your expenses thats why its suggested to use cash then you see whats going out of your wallet.
What if they get behind on schedule with no changes on your side? Do you get discounts?
"we're gettin' outta dat"
People who keep breaching avalanche over snowball don’t understand human behavior. I tried both and I paid off far more debt much more quickly when I did snowball. Avalanche is a long game of discipline and the reward is in the saved interest but it is not a quick payoff often times.
Snowball may lead to a few more dollars extra in debt BUT it’s mentally rewarding to pay off a debt in its entirety in one go. I paid off and closed 4 cards in one month, that felt great.
Snowball all the way - it’s effective.
My grandparents mentioned it being one of their best idea to use a credit card for miles. But I understand they are a rare exception because they both are very wealthy and they travel to Europe 2-3 times a year. Never holding a balance. Rare exception. Trying to do this myself would only end poorly for me
I use my credit card for essentials like utilities and insurance earning 2.5 percent rewards. I payoff the whole balance each month.
Let’s GO Visa! Use it responsibly and you’ll be fine.
Lol ... do you get / understand Dave's program?
@@GAFB1122 Apparently not..😂. They think they're smarter
I actually agree. I could care less about points of any kind however, I get A LOT of cash back to use my credit card. I'm not a big spender. The cash back i get goes right into a high intrest account. I realize, it's all about placement and access. I stay out of malls and off of Amazon. I use instacart to keep me out of the grocery store. It takes mad discipline to be this way. B4 I buy anything I'm thinking about what ETF I can't buy because I splurged on Amazon 😂😂😂
This ONLY works if you control your spending.
I earn a lot on cash back and they earn ZERO interest from me 😂😂😂… I’m happy with this relationship 😂
@@LookingupinJA Fees, charges, risk calculated?
Thanks to Bitcoin paid off my debts, made life changing money, no more credit cards and almost paid off the house.
Now steadily investing / DCA’ing🌱
Understand that some cars require premium fuel which is about .85 cents higher per gallon
No one thinks they are getting rich of points. Just scrapping every little bit we can.
Keep plugging away. It's worth the sacrifice!
Is it a good idea to borrow from 401k to pay high interest credit card debt?
I just got a second job to throw at my debt ❤
I pay for everything via credit card. Tens of thousands per year. I pay my CC bill in full every month and get 1% cash back (hundreds per year). So those who pay interest on their card are subsidizing my cash back - thank you. But I was raised poor, so I only buy what I need, and am very price conscious. Last time I used my card was to buy a pizza at Costco for $10.95 for dinner for the whole fam. Oh, and no car payments, mortgage at 2.75%. But when I was younger, yes I paid cash for everything, so if i didn't have the cash in my wallet, I didn't buy it.
I don’t use credit cards either Dave. Haven’t for 25 years
I don’t have any payments.
Would you like some?
Way to go. Congratulations.
@@darcyfox2575that's the best comment I've seen in a Long time! 😂
Live in a box ?
Yes you do. You pay property taxes to the government, or rent, or groceries, utilities, etc. Need I go on?
Dave isn't 100% wrong. I grew up with cash so even with a credit card I do count my pennies. But I give my grandkids cash rather than gift cards.
you remember how much you spend at the gas station when you’re broke 💀
Any life or financial advice? I’m 27yo currently living back at home temporarily. Make $45k a year in the midwest, have ~$30k in liquid assets and investments, and no current debt. I’d love to have a home soon where a huge, long-term mortgage isn’t tied to me. I trust that my current assets will dramatically increase in value in the next 12-18 months as well. I once rented and wasn’t a big fan, but with my current investment outlook I’m tempted to rent again for the short-term
I have only a 500 dollar limit on my card and its secured by 500 I put down, also I only use 20 percent of it a month on only gas and occasionally some food to get to my 100 spent every month, I make way more than enough to pay it, I've never missed a payment and I only have it to build credit in case I need a loan in the future, I don't even care about the points, maybe a fee years from now I'll cash them all in lmao
I’ve had a credit card for about four months have used it on gas once a month. I absolutely hate that I have one. I got it because my financial advisor said I need to buy stuff with it to bill credit. However, I will be paying cash for everything, so why do I need a credit card. I’m thinking about just telling her that I’d like to cancel it.
2:39 😂
I have no debt never ever had that. The Netherlands People do not like to borrow money.
Man, im now 20 years old and just have my first credit card now and im scared bc of watching the first part of the video. if someone can pls help me. what should i do? How I should use it? Helppppp
Only have one! Low limit, you know you can pay off every month. Debit cards get hacked and they have access to your bank account, never again. Sometimes I have to pay on my card multiple times a month to get balance available again. Everyone says just up your limit, no my limit is set so I know I can cover it. I had to call and have them lock it, they will up it for you otherwise. Pay full statement balance every month.
@@JohnSmith-tn1te thanks man💪🏼
Should I take a personal loan and buy bitcoin?
how do you rent a car without a discover card?
It’s true I have money in my wallet right now and I don’t want to spend it.
i dont care what i spent at the pump I swipe my debit cars its usually about 30 bucks plus or minus changed in price lol.
Funny experience, walked into a dealership with $6k and they insisted on a cashiers check…they didn’t get our money or check.
I wonder what Dave feels about a guy like Robert Kiyosaki.
30:01 budget
34:01 60-70% of car value lost in first 4 yrs
How does a person with very little active debt and a bunch of collections prioritize for the debt snowball?
As Dave says, smallest to largest. Pay minimum to all debts except the smallest. Put as much towards that as you can. Once that is paid off, add that money to the minimum amount on the next smallest debt.
24 hours later, my shared lunch yesterday was $19.49 (friend venmoed me $9), my gas bill was $24. 3 days ago, my amazon receipt was $140. a week ago, my grocery bill was $44. everything was on my credit card. never had a past due balance. I'm 26, I'm "beating the system"
Yes...u are!
I was like that too. Got out of it this February for the peace of mind. I spent better too. You do you, but it may hit you one day.
And you are probably getting 1-2% cashback with credit card too. You just need to know how to use your credit card, those don’t know how to budget are going to get screwed regardless they use credit cards or cash.
Dave Ramsey just burned everyone who wants to focus on just the math as opposed to behavior.
Paraphrasing... Honey this not a math problem this is a you problem!! i.e behavior
I know every € cent I spend on my debit card.
Credit cards work for me. I don't work for them.
"The minute you leave the dealership it loses $7k " .says the guy who preaches, "stay in mutual funds for the long haul".
The difference is mutual funds, over time, go up. Let me know how your vehicle value is a couple of years from today in comparison to mutual funds. Keep me updated 😉
R you moron?
Im confused, why is your comment in any way intelligent?
Go ahead and follow your own advice if you like. You'll get what you deserve.
I have a $9000 struggling to pay off
I got 13.5k on a car
1.5k income monthly
Car is 300pcm
Insurance 270pcm
And then housing etc
Credit cards have been great for building my credit score, and I don't pay any interest.
His speech on cash is not as true as it use to be. I don't notice when I spend cash as it is usually outside of my budget. However every single purchase on my CC is tracked and automatically reconciled with my budget so that I know exactly how much I have left to spend in each category.
Chill out with calling people stupid and morons, brother. It reeks of arrogance and hatred. Christ tells us to Pray for our enemies. Very doubtful we are doing that if we are so quick to anger and insult one another.
Let's be honest, 99% of the money men spent unnecessarily is to attract or appease women.
The key requirmenets to financial stability is not caring about women.
If paying credit card bills on time is important for you, it also activates pain centers in your brain. Key is to treat credit card like cash.
The entire Ramsey crew is wrong about credit cards. It's not credit card's or cc company's fault if majority of people using them are dumber than a rock. I sure can and have defeated CC company's strategies for the last 14 years. Never missed a monthly payment, never splurged on useless stuff. Current networth is almost 1.1M at 36. Only 90k mortgage remaining on a house worth 660k. About 520k in index funds + 401k.
Eww peach cheerios? That sounds gross lol
I just wanna find love
I disagree the part about spending more with a credit card. I am very frugal and only spend money on absolutely necessities. It makes no difference if I pay with card or cash. I will still buy it because I can't live without it.