Congrats!!!!!! Did it feel Like we heard it would?! We have a DFS scheduled for on air in October. (“House and everything”). Nervous but can’t wait to meet Dave.
“It’s gonna rain”, “GOK FUND”. Dave is the best with a smile. I love George. If I could pick someone’s brain it would be Dave but George has the best humor also. George and Millionaire in a Tesla is so fun.
The truck driver dude forgot to mention that he left his wife 9 days before her getting their baby. He also said he wanted a van and she wanted an SUV. She got the van, so she actually bought what he wanted to buy. To me, her buying a car they need for multiple kids is nothing compared to him leaving her right before baby arrives. Who does that?
I am living proof of this philosophy. I only earn (by choice) $30k a year, but because I have zero debt, I live with a greater sense of freedom and comfort. Paid off my mortgage 13 years early by doubling up on payments and paid for a car with cash. I own everything I need and do not spend frivolously. My mind is blown when I hear of folks earning $400k who can barely make it. I tell people that it's not what you earn, it's what you spend. Now if we could only get our government to adhere to this rule, all of our lives would improve.
That’s actually very interesting.. How do you have a greater sense of freedom and comfort? (Genuine question) I feel like I would be living in a constant state of worry and fear that something would go wrong (car problem, health emergency, house repair) and would not have the means to pay for it. Thats not a concern to you? I mean 30k is hovering at the poverty line
@@christoph1596 Savings offsets the emergencies for the most part. When I was first married he only made 25k and I couldn’t work (no disability or SSI). Paid off his older truck, were debt free, lived frugal like our grandparents so when Covid hit we barely noticed. Also paying bills 3-6months in advance with any bonus or tax refund. You get a discount and can float the rest of the year part time if you want. Software engineers sometimes do a 3-6mo project and their bills are paid for the year or more because their expenses are under control & debt free. LeanFIRE gives you a good idea.
Is 3 cars a badge of honour to you or something? I still see it as a waste of money if its unpractical and not needed. Such a poor investment it barely is one. It seems more an ego thing.
@@dana102083well fact of the matter is. If u have a family then u should have 3 cars as u should have one your spouse should have one and u should have a back up in case one breaks down so your life doesn’t get interrupted by a repair . I don’t know about this person but I have 3 cars for this reason . And I’ve needed that 3rd vehicle a few times. So there really is no reason for us to to attack this person. I know I don’t have a big ego but a big 7 people family. I can’t afford to miss work or take my wife’s vehicle or wake her up at 4 am to take me to work . It’s just convenient.U need more hugs probably!
This title is true. I live comfortably, have all the conventional services, reserves in the CU, hate banks and credit cards,, and 20% going to retirement, and do it on $37k. The key is I mind the budget and I'm DEBT FREE!
@@V.Hansen. , LUCK. Seven days after arrival, I bought a mobile home, 2 BR, 1-1/2 bath. I KNOW. But I only paid $4000, $500 down, $91/mo. in 2015. If I GIVE it away tomorrow, I've essentially lost nothing. The walls needed some love inside and out, but the previous owner was a Mexican gentleman who practiced his crafts here; ceramic tile and laminate floors and genuine black granite counter tops throughout. AC through the walls allows zone cooling, so my electric bill has never been more than $150/month. Lot rent is only $675/mo. including water service, and this is Phoenix. Can't rent a 1 BR anything here for less than $900/mo. now. Also have two older, truck 27 and sedan 10 years, reliable 4-cyl/stick vehicles under the carport. Have everything I need and pay cash for my wants. What neighbors, friends and especially strangers think matters not. Dropped that paradigm long ago. Drive around a neighborhood of middle-class mansions sometime. You'll find doors up and garages so full another bicycle will not fit, while $100,000 worth of SUV and sport-sedan sit baking in the driveway. Clearcoat don't like that. Not often here, the AC is set below the dewpoint, creating condensation and feeding mold within the walls. None of it is paid for, but VISA and MC are happy to subsidize. The keys here are three: 1) ZERO DEBT. 2) STRICT BUDGET. 3) SCALE DOWN TO LIVE WITHIN YOUR MEANS.
Hi dave ,this is prateek from India,though this programm focus on US related middile class problems ,but it had helped me ckear my doubts and now on the path of being debt free from past 6 months .Thanks a lot dave
I wish someone told me when I was in my early 20s that I could roll my 401K into another IRA whenever I leave a company. I always thought I had to pull all the money out. Lost all future compound interest. I knew absolutely nothing about investing and retirement.
It's hard to tell a 20 year old anything in my experience, until a person is ready! try not to look back and know that at 30 or 35 your still on track if you save 500 per month with a match or part match from an employer...your ok.
I was 21 when I got my first car. My parents bought my first car but it was meant to be theirs. I ended up with it but they paid 8,000 with a payment. I paid 200 a month on top of their 200 payment to pay it off faster. Basically I ended up paying 4,000 toward my first car and it felt like an accomplished something. I completely agree with having the kids pay half and the parents match it instead of buying the car outright for the kids.
@Scott-got-caught absolutely I was debt free at 25 with a degreenand didge neon 1st car. Worked as a FT nurse. Life was good. I got hit in the head with a baseball and it took 15 yrs to diagnose a cerebal spinal fluid leak. Im still not well and on LTD and disability. I was on such a good trajectory. I always saved all my money as a kid, I still do. Bit youd never predict what happened to me and my life abruptly changes. All.expenses feel hwavier when youre ill, unable to work more and requiring more assistance and expenses..and I live in canada!
I spent some time at the Nairobi Hospital a couple years ago while working in a neighboring country. This is wise advice for sure, and has changed my life!
I don’t make a lot right now, but I love listening to Dave talk about larger numbers so that when I do have more I don’t make bad decisions ❤ I love this channel
Love all the Ramsey personalities and all shows with Dave are better than without him but my favorite duo is Dave and George. George and Rachel are the future of Ramsey solutions, of that I’m convinced. Great show as always. Thanks Ramsey Solutions for all you do!
I love listening to Dave. Even after being debt free for years, doing it Dave’s way. His way works. Listening to his team helps me keep on track and fight back away the world’s way wants you to do it. Greedy and lustful after stuff. He’s been there and truly loves people enough to tell us the harsh truth. Thanks, Dave.❤️
Bought my truck in June 2021 for 29k and will be paid off September 2024. So happy ! All that extra cash in my pocket and it’s a Tacoma . Should last me 20 years !
I like it when you focus on the mental aspects of money ( eg paying off small debts will give you more hope and momentum; money is 80 percent behavioral, etc) because I think this has really helped me understand my relationship to money and I think it helps my kids to understand it too. I think most of my money mistakes lie in the category of not being purposeful with it, not knowing how to overcome the obstacles of online shopping as a sport 😂, impulsive shopping, distinguishing between wants, “need/wants” 😅, and wants.
Layaway was awesome! NO interest. You had to wait but it's that much sweeter when you get your items. Walmart used to bring that back every year before Christmas. It was good for poor people but I just started reading Total Money Makeover so I'm not gonna be broke anymore!
Always great content, advice, and short, sweet, basic financial principles. That work every time if you just submit, commit, sacrifice, and live below your means. Thank you Papa Dave to you and the team for ALL you do GOD BLESS.
Dave and George are my favorite one-two financial punchers team of all the combinations of personalities. Thanks for all you do, gentlemen! I’m on BS6 and can’t wait to call in when I do!
I wish I knew of you guys like 13-14 yrs ago. And I wish I had done things differently. I'm about $2000 away from being done with private student load. I did sign for a retention bonus (aka they pay my $20,00 of government student loan, I also work for the government). I need to be there for another 2.5 years (total 3yrs) to have it forgiven. My and my husband's cars are paid off but we still have a mortgage. I'm 35. I know I could've done different you and I had an opportunity. But it is the culture that we live in. It like, live today and think about the tomorrow, tomorrow. It takes some knowledgeable people who don't sugar coat things to see the real picture.
1:11:34 As a Bostonian who used to work at Dunkins, I can verify that. The only thing that really makes the drink is the shots/syrups. Otherwise you can make a nice Dunkies coffee from home.
My parents have talked about death and when they die my entire life. I'm very grateful that they were very matter-of-fact about the fact of life and death...
Worse advice every for the teacher choosing between $1800 a month for life vs a lump sum of $110000. Unless she happens to be in poor health or is upper 70’s. The monthly is the way to go and its not even close.
My first husband died at 59. My second husband died at 70. Both deaths unexpected. The folks in charge of the pension funds are betting you'll die young. If you have the lump sum, it's yours.
Every state is radically different. In PA your beneficiaries get the balance of your account when you die. Plus there are multiple options. If you decide to take your contributions and interest out day one as a lump sum payout, you still receive a monthly benefit that is worth around 70% of the benefit if you did not take the lump sum. Not to mention in PA we pay into SS so are eligible for Social Security. It’s like a different country in different states.
I was looking for this comment, that was horrible advice, she’s way better off taking the $1800/m and investing it. Dave is good at getting people out of debt, but not much of his investing advice is worth listening to.
Not sure why you think taking lump sum is bad advice. Lets think. If she takes lump sum minus taxes owed on that, she can invest the whole thing immediately into index funds and have decent return for years to come. Or she could take a portion of that and go ahead and pay off her house instead of waiting for 4 more years to do it. That alone is more money in her pocket instead of the banks.
I love the story around 3:31-4:01. I set up an "emergency fund", many years ago & when I was able to give the account a title/name/label/etc. in case I forgot why I had it made up, many years down the road, I called it the "G.O.K. Fund". My sister did the same thing with her "emergency fund", as well...
There will be no loan forgiveness. Ol Lyin' Joe doesn't have the authority to do that and the corrupt universities who SHOULD forgive the loans because what they paid for in most cases isn't worth the paper it's printed on.
oh my, when George mentioned waiting on seeing a dentist until you need a root canal, felt so called out! Just got my root canal for this exact reason :((
When TH-cam was for the 3 hours they filled some of the commercial time with Dave or George doing commercial type segments while driving the car and George doing the budget hacks. Never saw one with both of them though.
I have found this to be so true. It's ALSO an act of discipline. I have been following and practicing for way of living this way now for over six years. We are on track to pay off our 15-year condo mortgage by year eight (we are currently on year six of our plan.) TOTALLY GRATEFUL!
This is a year later and I'm seeing reports of pharmacies making deadly mistakes because of lack of help. My friend is a pharmacist with 3 stores and can't find enough help!
Exactly, that comment didn't age well. My youngest daughter graduated from pharmacy school last year and then did a residency year at a hospital which ended last month. There's now a shortage of pharmacists since they rang the doom bell for several years, and her hospital starting salary (which is often lower than retail) is close to 119k with full benefits (she only applied to one place), and her best friend from her class is starting in a niche job at more than 140k with a medical clinic.
I'm so surprised Dave never mentions the IRS has an online tax calculator that tells you how much you need to adjust the taxes withheld. It's very straightforward and far simpler than preparing a faux tax return.
@@jamesp9998 he said the IRS dependents thing is inaccurate. He said absolutely nothing about the IRS online calculator which is extremely in depth and is not about dependents.
Always grateful that each of the Ramsey Solutions people are spending their time and energy contributing to folks. Their could be doing so many other self serving pursuits. ..albeit they are compensated.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
@@Harperrr.99 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@Tsunaniis-j5l I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@DreamweaverShade-h9p My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@Tsunaniis-j5l she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
With the man whose pregnant wife just bought a car without him. Not saying this is correct but she works a job, she's pregnant, and has a toddler to take care of by herself about 75% of the time. That woman made that impulsive decision out of stress and probably feeling overwhelmed. I don't think she was trying to be dumb or lose her mind. I just think she just wanted to make a decision and since they both were going back and forth about which car to get she just pulled the trigger to get the ball rolling. I hope this man sees that she wasn't tryna be difficult.
The husband comes across as aggressive and stubborn. I feel like he could be a bully and his wife felt that she needed to make a decision, and she knew he wouldn't listen to her side of things. His tone seemed to be "my way or the highway". I feel like there's more going on in their relationship than he's letting on.
1:08:20 I'm a diabetic who doesn't enjoy exercise and LOVE a the occasional burger. When we go to McDonald's ( the Aussies call it "Maccas" ), I get the Double Quarter Pounder ONLY. No Meal. No fries. No drink. No extra ketchup. Result is I love the burger, double the protein and good fats, a small fraction of the carbohydrates/sugars and bad fats. No diabetes medication!!!! Half the cost!!! Feel a whole lot better.
You can just eat the meat patties then dont need to est the bun. Many mcdonalds locarions let you buy just the patty. Carbs are cheap and are ripping people off biying them AND the poor health after them. But dwfinitely agree get.a.doyluble cheeseburger etc and one bun is better than 2. 👍
Dear Dave. I’m Bridget in Ghana and I love your show. I came across your show about 3 months and I loved it instantly. Can u please target your talk to people living aside American sometime so we can learn more from you as well. Thank you.I’m a nurse, married and I’m debt from expect helping my extended family from my monthly salary which is 2700ghc. I want to build wealth. Should I move to a new country where I can earn more or stay in Ghana, get a different job plus my nursing career and built wealth right here
Is it a taxable benefit or not? She cpuld be making interest if invested while using..bit Inquestioned the math too.. but also really depends the age of retiring. If 65 its likely a woman will live to see 75 or 80. If male its lower. If health conditions are present, alcohol or smoker.. lowered. We have a sick society ..and many people would blow the money too quickly ..I dunno.
I freakin love George. He’s the classic sexy, kinda nerdy, professional dude who doesn’t need to try to exude charisma. 😁 🥵 I wanna see them ordering kids meal at Chik Fil-A so bad 😭
Hrd to overdraw the checking if you keep 2.2 times what you spend per month in it. Emergency might just drain the checking a bit... It's a sort of layered emergency fund plan.
Why do you advertise “Blinds To Go? No one can afford them. Their prices are outrageous. You’ll need to go into debt to buy them. It’s somewhat paradoxical. 🤣😂🤣 You should suggest newspapers to cover your windows.
@@annamineer2521 That may be true. However, whether I’m a “baby steps millionaire”or not. I won’t buy my blinds at “Blinds to go”. My buying behavior would never change. I think some are missing my point. I don’t need blinds, I have blinds. My blinds work just as well with comparable quality. However, I paid a quarter of the price and of course, I installed every blind in my house, myself. To advertise and suggest people purchase one of the most expensive blinds on the market. Is completely defeating the purpose. It’s contrary to everything he recommends and suggests. Lol!! I’m actually laughing a lot, as I write this. If you continue to buy the most expensive of everything in the market. You’ll cease to be a “baby steps millionaire”; very quickly. That’s my point.
@@DericAnslum Lol! Both of you who replied are missing my point. Why would one choose the most expensive version of a product, when there are many cheaper alternatives, with very comparable quality? Advertising one of the most expensive brand “blinds” on the market, goes against everything they suggest and recommend. If one continues to spend that way. Your days of being a “baby steps millionaire “ will be very short lived. Lol!!
Plus working for someone else. If he pays attention how the business functions he will apply that to his business instead of having to reinvent the wheel
Bad move Dave on pension. The teacher could invest the $1800 monthly pension into a fund since she says she doesn’t need it and in 5 years she has more in her account than the lump sum. In addition she has the pension for life. No the pension is way better.
Air Canada refuses to give refunds and only gives credits with expiry dates. They took a bunch of money from me once and I do whatever it takes to avoid flying with them and tell everyone about it. To heck with air Canada fyi, and always read the fine print.
Im Ryan 5 years into the future lol. Took out student loans to go to Physician assistant school. Make great income but definitely struggling to pay off my student loans. I feel for Ryan. And sometimes i do regret taking out my loans. But i must say, there are some grad school programs you cant work through. I was a graduate assistant while in PA school making $300/month but other than that you really cant work while going through some of these programs, otherwise you risk falling behind
I work in a doctor's office and I get free coffee. I also have to make it. I bring a loaf of bread and make a fresh sandwich when I want it or toast. We have a toaster oven. Anything to make our life easier and a microwave as well. I just wish they paid better.
I wouldn't take the 100 grand. I'd take the 1800 a month til I die. Unless there was something really sketchy about the pension, I'd take the 1800 a month. IN THIS CASE, the 1800 a month is just worth more than the 100 grand. Also, remember that Ramsey sells mutual funds for his sponsors. This conflict of interest may bias his advice.
A good friend and fellow teacher/principal took the monthly sum, not the lump of $500,000. He was diagnosed with cancer 4 months after retirement and passed away 3 months later. He received about $28,000. That's a difference of $472,000.
“We believe in free speech here. Which is why you can only be welcomed if you say exactly what I tell you to with your ballot.” Yup, sounds like you REALLY believe in free speech!
My father was a teacher and took a 650k lump at 59.5. My father and mother ran through that 650k in 10 years. They both died just as the money ran out. They could have made it last longer but they lived above their means. I think my father new the well was running dry
@@Scott-got-caughtyuck i dont want to live to 110....diapers, everything already hurts at 53, all my family and friends will be long gone..no thanks. 75 is enough for me
Trust me, Root canals are horrible!! I will never be getting another one of those because when I had one I spent over $1000 and ended up coming out anyway so I should’ve put that money towards a bridge instead...lesson learned!!
That money you invest… you want it to grow. You expect it to grow right? Well that growth is fueled by increased quarterly profits and financial performance by companies like Delta. If this relationship works, the stock price will go up. Your investment (if you own stock or an index fund which holds Delta stock) will go up. If every company acted with moral righteousness no stock would ever be worth buying.
I think the lady that called in about where to invest the SS money from her deceased ex husband was calling for investing advice not advice on should she use the money for raising her kids. The tone in her voice kind of sounded like she wasn't worried and probably would do fine with her income alone.
They do a restaurant review of food quality every year. Rating restaurants using old grade school system of A-F. Panera is best in class. Far second runner up is Chipotle. Third is Chic Fila. Everything else is failing. With all the health issues, do the math. Processed/fast food must be in cahoots with big pharma cause they are all getting rich and we are all sick.
Never mix high carb and high fat. We need meat to thrive. Eat meat and some low carb veggies with some butter, lard, tallow or chicken fat. Some daury and berries are ok. Thats all the body needs if you prioritize protein!
1:07:40 Sorry guys... the ICE costs the restaurant more than the soda. No ice = saving the restaurant money. The paper cup costs the fast food joint more than the soda and ice you put in it.
38:50 but not only that I think the tradition of women being absolutely ignorant about finances and letting their husbands do it is coming back and that's not good. I think that everyone should be competent financially because you never know what's going to happen
My in-laws paid $60 per month for a Whole Life policy from 1974 to 2022. It paid $10,000. If they had simply deposited that amount in a compounding savings account, it would have been worth close to $1 million.
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
This is my debt free scream … Paid off the mortgage today… Thank you Dave for putting me on the track four years ago
Really nice
Congrats!!!!!! Did it feel
Like we heard it would?!
We have a DFS scheduled for on air in October. (“House and everything”). Nervous but can’t wait to meet Dave.
Wow! Congrats! Did you roll around in the grass?! 👏👏
@@nancyorkeithm1518 it just feels so freeing. Now I have this new energy to seek out and pursue new hobbies Etc With a confident attitude
Congratulations 👏 👏 👏
“It’s gonna rain”, “GOK FUND”. Dave is the best with a smile. I love George. If I could pick someone’s brain it would be Dave but George has the best humor also. George and Millionaire in a Tesla is so fun.
The truck driver dude forgot to mention that he left his wife 9 days before her getting their baby. He also said he wanted a van and she wanted an SUV. She got the van, so she actually bought what he wanted to buy. To me, her buying a car they need for multiple kids is nothing compared to him leaving her right before baby arrives. Who does that?
I am living proof of this philosophy. I only earn (by choice) $30k a year, but because I have zero debt, I live with a greater sense of freedom and comfort. Paid off my mortgage 13 years early by doubling up on payments and paid for a car with cash. I own everything I need and do not spend frivolously. My mind is blown when I hear of folks earning $400k who can barely make it. I tell people that it's not what you earn, it's what you spend. Now if we could only get our government to adhere to this rule, all of our lives would improve.
😂agreed. Live below your means.
That’s actually very interesting.. How do you have a greater sense of freedom and comfort? (Genuine question)
I feel like I would be living in a constant state of worry and fear that something would go wrong (car problem, health emergency, house repair) and would not have the means to pay for it. Thats not a concern to you? I mean 30k is hovering at the poverty line
Imagine if half of our country’s budget didn’t go to the military even when we’re not in a war
You must mean 30k / year net?
@@christoph1596 Savings offsets the emergencies for the most part. When I was first married he only made 25k and I couldn’t work (no disability or SSI). Paid off his older truck, were debt free, lived frugal like our grandparents so when Covid hit we barely noticed. Also paying bills 3-6months in advance with any bonus or tax refund. You get a discount and can float the rest of the year part time if you want. Software engineers sometimes do a 3-6mo project and their bills are paid for the year or more because their expenses are under control & debt free. LeanFIRE gives you a good idea.
It doesn't matter how much you earn if you don't have a budget and follow it. Debt free 3yrs ago, no mortgage and 3 cars debt free. It feels amazing🎉
Amazing! Inspiring to read 🙏
Is 3 cars a badge of honour to you or something? I still see it as a waste of money if its unpractical and not needed. Such a poor investment it barely is one. It seems more an ego thing.
@@dana102083o
@@dana102083judgy, aren't you? What business is it of yours? Are you jealous?
@@dana102083well fact of the matter is. If u have a family then u should have 3 cars as u should have one your spouse should have one and u should have a back up in case one breaks down so your life doesn’t get interrupted by a repair . I don’t know about this person but I have 3 cars for this reason . And I’ve needed that 3rd vehicle a few times. So there really is no reason for us to to attack this person. I know I don’t have a big ego but a big 7 people family. I can’t afford to miss work or take my wife’s vehicle or wake her up at 4 am to take me to work . It’s just convenient.U need more hugs probably!
Headed to sell my convertible now to start paying down my debt. Here we go!!! God Bless You All!!!
Dedication. Once that ball rolls you will be dedicated even more
🙏🏽🙌🏾
Steps towards financial freedom
Getting DONE ✅ 🎉
WAY TO GO
I adore Tennessee! Thanks to this show, we are Debt Free and enjoying Life to the fullest! Many thanks, Dave!! ❤
Aside from Dave, I think George is my favorite Ramsey personality!
This title is true. I live comfortably, have all the conventional services, reserves in the CU, hate banks and credit cards,, and 20% going to retirement, and do it on $37k. The key is I mind the budget and I'm DEBT FREE!
That is great! Can I be nosy and ask about your housing situation. As it is the biggest and growing expense for most people rn
@@V.Hansen. , LUCK. Seven days after arrival, I bought a mobile home, 2 BR, 1-1/2 bath. I KNOW. But I only paid $4000, $500 down, $91/mo. in 2015. If I GIVE it away tomorrow, I've essentially lost nothing. The walls needed some love inside and out, but the previous owner was a Mexican gentleman who practiced his crafts here; ceramic tile and laminate floors and genuine black granite counter tops throughout. AC through the walls allows zone cooling, so my electric bill has never been more than $150/month. Lot rent is only $675/mo. including water service, and this is Phoenix. Can't rent a 1 BR anything here for less than $900/mo. now. Also have two older, truck 27 and sedan 10 years, reliable 4-cyl/stick vehicles under the carport. Have everything I need and pay cash for my wants. What neighbors, friends and especially strangers think matters not. Dropped that paradigm long ago.
Drive around a neighborhood of middle-class mansions sometime. You'll find doors up and garages so full another bicycle will not fit, while $100,000 worth of SUV and sport-sedan sit baking in the driveway. Clearcoat don't like that. Not often here, the AC is set below the dewpoint, creating condensation and feeding mold within the walls. None of it is paid for, but VISA and MC are happy to subsidize.
The keys here are three: 1) ZERO DEBT. 2) STRICT BUDGET. 3) SCALE DOWN TO LIVE WITHIN YOUR MEANS.
Hi dave ,this is prateek from India,though this programm focus on US related middile class problems ,but it had helped me ckear my doubts and now on the path of being debt free from past 6 months .Thanks a lot dave
I wish someone told me when I was in my early 20s that I could roll my 401K into another IRA whenever I leave a company. I always thought I had to pull all the money out. Lost all future compound interest. I knew absolutely nothing about investing and retirement.
It's hard to tell a 20 year old anything in my experience, until a person is ready! try not to look back and know that at 30 or 35 your still on track if you save 500 per month with a match or part match from an employer...your ok.
I was 21 when I got my first car. My parents bought my first car but it was meant to be theirs. I ended up with it but they paid 8,000 with a payment. I paid 200 a month on top of their 200 payment to pay it off faster. Basically I ended up paying 4,000 toward my first car and it felt like an accomplished something. I completely agree with having the kids pay half and the parents match it instead of buying the car outright for the kids.
Dave: "Coffee's free when you work here." George: "It's an amazing perk." Sailed right over Dave's head. 🤣
☕️
😄😆😂🤣
i am debt free 5 years ago. life is on easy mode now
you are goals! 🙌🏻 just finished paying off 8k of cc debt. Still need to pay $30k car note 😭 but i got this
@@adrian3747_ how’s it going? Finish strong!!
Don't get too complacent. You don't know what the universe has in store for you.
😂
@Scott-got-caught absolutely I was debt free at 25 with a degreenand didge neon 1st car. Worked as a FT nurse. Life was good. I got hit in the head with a baseball and it took 15 yrs to diagnose a cerebal spinal fluid leak.
Im still not well and on LTD and disability. I was on such a good trajectory. I always saved all my money as a kid, I still do. Bit youd never predict what happened to me and my life abruptly changes. All.expenses feel hwavier when youre ill, unable to work more and requiring more assistance and expenses..and I live in canada!
"You're one of those teachers that wants to actually teach kids"😂😂😂😂😂
I have been listening to this show for two weeks now from Nairobi, Kenya. Interesting
Haiya. Karibu. We are daily members huku, ama tuanzishe chama hehehe
I spent some time at the Nairobi Hospital a couple years ago while working in a neighboring country. This is wise advice for sure, and has changed my life!
Australia ❤️
Have you bought blinds yet?
Very.where cash is king and debt is dumb.from...Nairobi 🇰🇪.
George is an excellent co host and he is funny with his banter. 😂
Dave rolling up in his truck ordering a kids meal - hilarious!
I don’t make a lot right now, but I love listening to Dave talk about larger numbers so that when I do have more I don’t make bad decisions ❤ I love this channel
Yes, learn with smaller numbers. Doing the same 🙏
Start saving regularly now. You'll develop the habit by saving in small amounts. Use an automatic withdrawal.
Believe me, you'll never miss it!
Love all the Ramsey personalities and all shows with Dave are better than without him but my favorite duo is Dave and George. George and Rachel are the future of Ramsey solutions, of that I’m convinced. Great show as always. Thanks Ramsey Solutions for all you do!
Delta= Doesn’t Ever Leave the Airport 😆
I love listening to Dave. Even after being debt free for years, doing it Dave’s way. His way works. Listening to his team helps me keep on track and fight back away the world’s way wants you to do it. Greedy and lustful after stuff. He’s been there and truly loves people enough to tell us the harsh truth. Thanks, Dave.❤️
Bought my truck in June 2021 for 29k and will be paid off September 2024. So happy ! All that extra cash in my pocket and it’s a Tacoma . Should last me 20 years !
I like it when you focus on the mental aspects of money ( eg paying off small debts will give you more hope and momentum; money is 80 percent behavioral, etc) because I think this has really helped me understand my relationship to money and I think it helps my kids to understand it too. I think most of my money mistakes lie in the category of not being purposeful with it, not knowing how to overcome the obstacles of online shopping as a sport 😂, impulsive shopping, distinguishing between wants, “need/wants” 😅, and wants.
It opened my eyes too😮
Layaway was awesome! NO interest. You had to wait but it's that much sweeter when you get your items. Walmart used to bring that back every year before Christmas. It was good for poor people but I just started reading Total Money Makeover so I'm not gonna be broke anymore!
Always great content, advice, and short, sweet, basic financial principles. That work every time if you just submit, commit, sacrifice, and live below your means. Thank you Papa Dave to you and the team for ALL you do GOD BLESS.
Could not have said it any better
Dave and George are my favorite one-two financial punchers team of all the combinations of personalities.
Thanks for all you do, gentlemen! I’m on BS6 and can’t wait to call in when I do!
I love George's comments to Dave😅
I was sad when he stopped being the person in the lobby, but then was so glad when he popped up as a co-host!
I wish I knew of you guys like 13-14 yrs ago. And I wish I had done things differently. I'm about $2000 away from being done with private student load. I did sign for a retention bonus (aka they pay my $20,00 of government student loan, I also work for the government). I need to be there for another 2.5 years (total 3yrs) to have it forgiven. My and my husband's cars are paid off but we still have a mortgage. I'm 35. I know I could've done different you and I had an opportunity. But it is the culture that we live in. It like, live today and think about the tomorrow, tomorrow. It takes some knowledgeable people who don't sugar coat things to see the real picture.
1:11:34 As a Bostonian who used to work at Dunkins, I can verify that. The only thing that really makes the drink is the shots/syrups. Otherwise you can make a nice Dunkies coffee from home.
"I'll try to keep it brief" is code for it's not gonna be brief.
Whenever I hear that, I groan because we all know that isn't true 😁
"I'm try to keep it brief...so here's a little background" 💀
@actuallyterry are you actually Terry or just pretending?
😂
@@3Dimensional3🤣😂🤣😭💀
My parents have talked about death and when they die my entire life. I'm very grateful that they were very matter-of-fact about the fact of life and death...
GOK fund- love it. Always carry an umbrella ❤️
Love those Delta and American Express comments! Truth!
True words: how much you KEEP is more important than how much you MAKE.
Its true you want to have good quality stuff so your not worrying about things breaking down and spending more money over time.
George gets kids meal at chik fila. Dave's reaction had me dying for 5 min lol
Dave, you are 💯% right. Thank you . Your family's are the only one usally cares that much.
Worse advice every for the teacher choosing between $1800 a month for life vs a lump sum of $110000. Unless she happens to be in poor health or is upper 70’s. The monthly is the way to go and its not even close.
Exactly. I was confused by that advice, especially since most pensions allow for a beneficiary. If she doesn’t need the $1800/mo she can reinvest it.
My first husband died at 59. My second husband died at 70. Both deaths unexpected. The folks in charge of the pension funds are betting you'll die young. If you have the lump sum, it's yours.
Every state is radically different. In PA your beneficiaries get the balance of your account when you die. Plus there are multiple options. If you decide to take your contributions and interest out day one as a lump sum payout, you still receive a monthly benefit that is worth around 70% of the benefit if you did not take the lump sum. Not to mention in PA we pay into SS so are eligible for Social Security. It’s like a different country in different states.
I was looking for this comment, that was horrible advice, she’s way better off taking the $1800/m and investing it. Dave is good at getting people out of debt, but not much of his investing advice is worth listening to.
Not sure why you think taking lump sum is bad advice. Lets think. If she takes lump sum minus taxes owed on that, she can invest the whole thing immediately into index funds and have decent return for years to come. Or she could take a portion of that and go ahead and pay off her house instead of waiting for 4 more years to do it. That alone is more money in her pocket instead of the banks.
I love the story around 3:31-4:01.
I set up an "emergency fund", many years ago & when I was able to give the account a title/name/label/etc. in case I forgot why I had it made up, many years down the road, I called it the "G.O.K. Fund".
My sister did the same thing with her "emergency fund", as well...
I will not do loan forgiveness I will payoff my student loans 2026 is my year.
There will be no loan forgiveness. Ol Lyin' Joe doesn't have the authority to do that and the corrupt universities who SHOULD forgive the loans because what they paid for in most cases isn't worth the paper it's printed on.
Dudes! I love your comments about moving to the state and voting. Keep on! I live in Florida since 1984. Thank you God! 🇺🇸❤️🤙🙏
oh my, when George mentioned waiting on seeing a dentist until you need a root canal, felt so called out! Just got my root canal for this exact reason :((
I 100% want to see Dave and George go through the Chic fil A drive through and order budget meals 😂
Now that would be funny, I would pay to to see that.
Yeah they're always in the studio. Do they exist outside it? 🤔
Me too. Come on Dave ! :)
When TH-cam was for the 3 hours they filled some of the commercial time with Dave or George doing commercial type segments while driving the car and George doing the budget hacks. Never saw one with both of them though.
I have found this to be so true. It's ALSO an act of discipline. I have been following and practicing for way of living this way now for over six years. We are on track to pay off our 15-year condo mortgage by year eight (we are currently on year six of our plan.) TOTALLY GRATEFUL!
Delta has not LOST their way, Dave. This is THEIR WAY.
I would say the whole USA financial system is about milking citizens for profits… a way to hell… Zonbilands are living proof of it
NEVER look for financial advice at a Bank. You will lose-every time.
I agree with the moving situation. Haha. Leave the bad stuff behind.
Omg I guess I wasn't kidding when I was younger and said "everything costs money, what's next? They going to start charging me to breathe?."
This is a year later and I'm seeing reports of pharmacies making deadly mistakes because of lack of help. My friend is a pharmacist with 3 stores and can't find enough help!
Exactly, that comment didn't age well. My youngest daughter graduated from pharmacy school last year and then did a residency year at a hospital which ended last month. There's now a shortage of pharmacists since they rang the doom bell for several years, and her hospital starting salary (which is often lower than retail) is close to 119k with full benefits (she only applied to one place), and her best friend from her class is starting in a niche job at more than 140k with a medical clinic.
I'm so surprised Dave never mentions the IRS has an online tax calculator that tells you how much you need to adjust the taxes withheld. It's very straightforward and far simpler than preparing a faux tax return.
oh neat!
He did . He mentioned it at 1:31:40. He said it’s not accurate .
@@jamesp9998 he said the IRS dependents thing is inaccurate. He said absolutely nothing about the IRS online calculator which is extremely in depth and is not about dependents.
Always grateful that each of the Ramsey Solutions people are spending their time and energy contributing to folks. Their could be doing so many other self serving pursuits. ..albeit they are compensated.
"but Dave that hurts people's feelings" "I am concerned with peoples' feelings."
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
@@Harperrr.99 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@Tsunaniis-j5l I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@DreamweaverShade-h9p My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@Tsunaniis-j5l she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
With the man whose pregnant wife just bought a car without him. Not saying this is correct but she works a job, she's pregnant, and has a toddler to take care of by herself about 75% of the time. That woman made that impulsive decision out of stress and probably feeling overwhelmed. I don't think she was trying to be dumb or lose her mind. I just think she just wanted to make a decision and since they both were going back and forth about which car to get she just pulled the trigger to get the ball rolling. I hope this man sees that she wasn't tryna be difficult.
There's a follow up to that story. I won't tell the end of that story
The husband comes across as aggressive and stubborn. I feel like he could be a bully and his wife felt that she needed to make a decision, and she knew he wouldn't listen to her side of things. His tone seemed to be "my way or the highway". I feel like there's more going on in their relationship than he's letting on.
Yeah that husband definitely left out some key information
I remember that follow up episode on the radio, but don’t know where it is on here. Anybody know the episode?
Half way through Ken Coleman's book. Very direct and encouraging.
Is there alot of scripture?
1:08:20 I'm a diabetic who doesn't enjoy exercise and LOVE a the occasional burger. When we go to McDonald's ( the Aussies call it "Maccas" ), I get the Double Quarter Pounder ONLY. No Meal. No fries. No drink. No extra ketchup. Result is I love the burger, double the protein and good fats, a small fraction of the carbohydrates/sugars and bad fats. No diabetes medication!!!! Half the cost!!! Feel a whole lot better.
Bro ur living a lie and killing yourself
@@joeyclarelli8352 I think he’s just sharing his hack. He said occasional. Idk.
You can just eat the meat patties then dont need to est the bun. Many mcdonalds locarions let you buy just the patty. Carbs are cheap and are ripping people off biying them AND the poor health after them. But dwfinitely agree get.a.doyluble cheeseburger etc and one bun is better than 2. 👍
What an Incredible pod cast! Love Dave Ramsey!
Two paid off mortgages! No car, student loan or credit card debt!
Dear Dave. I’m Bridget in Ghana and I love your show. I came across your show about 3 months and I loved it instantly. Can u please target your talk to people living aside American sometime so we can learn more from you as well. Thank you.I’m a nurse, married and I’m debt from expect helping my extended family from my monthly salary which is 2700ghc. I want to build wealth. Should I move to a new country where I can earn more or stay in Ghana, get a different job plus my nursing career and built wealth right here
Focus on ur family dw about wealth. Just apply dave principles and you will be fine.
Dave is wrong this time. She should take the monthly pension. 118k is a pittance, insofar as retirement is concerned.
50:40 Sadly, that is pretty common for healthcare workers. I worked nights for 3 years and messed my body up so much
I can picture Dave dancing around his living room to that intro music in his black socks
With these ads, I am going BLINDS
Lady would make that $110k in 5 years with 1800 a month. No reason to think she wouldn’t make more that way.
110k is not a lot
Is it a taxable benefit or not? She cpuld be making interest if invested while using..bit Inquestioned the math too.. but also really depends the age of retiring. If 65 its likely a woman will live to see 75 or 80. If male its lower. If health conditions are present, alcohol or smoker.. lowered. We have a sick society ..and many people would blow the money too quickly ..I dunno.
Thank you !! Dave Ramsey and the whole team!!
I freakin love George. He’s the classic sexy, kinda nerdy, professional dude who doesn’t need to try to exude charisma. 😁 🥵 I wanna see them ordering kids meal at Chik Fil-A so bad 😭
Totally agree!
I downloaded the EveryDollar app today because I love my family.
There is no correlation
@@Scott-got-caught yes there is you unibomber wanna be trash. If you love your family you make a budget and EveryDollar is part of that.
I always get the kids meal wherever I go 😂😂😂
Great show!! enjoyed the eating out hacks from George
first caller... I keep 2 months income in my checking
Then my emergency fund easy access.
Then my main savings program.
Hrd to overdraw the checking if you keep 2.2 times what you spend per month in it.
Emergency might just drain the checking a bit... It's a sort of layered emergency fund plan.
Why do you advertise “Blinds To Go? No one can afford them. Their prices are outrageous. You’ll need to go into debt to buy them.
It’s somewhat paradoxical. 🤣😂🤣 You should suggest newspapers to cover your windows.
...for people who have listened to their advice over the years and can afford blinds...
...everything is "outrageous" when you're broke...
If you follow the plan, you'll be a baby steps millionaire and can afford the blinds.
@@annamineer2521 That may be true. However, whether I’m a “baby steps millionaire”or not. I won’t buy my blinds at “Blinds to go”. My buying behavior would never change. I think some are missing my point.
I don’t need blinds, I have blinds. My blinds work just as well with comparable quality.
However, I paid a quarter of the price and of course, I installed every blind in my house, myself.
To advertise and suggest people purchase one of the most expensive blinds on the market. Is completely defeating the purpose. It’s contrary to everything he recommends and suggests. Lol!! I’m actually laughing a lot, as I write this.
If you continue to buy the most expensive of everything in the market. You’ll cease to be a “baby steps millionaire”; very quickly.
That’s my point.
@@DericAnslum Lol! Both of you who replied are missing my point.
Why would one choose the most expensive version of a product, when there are many cheaper alternatives, with very comparable quality?
Advertising one of the most expensive brand “blinds” on the market, goes against everything they suggest and recommend.
If one continues to spend that way. Your days of being a “baby steps millionaire “ will be very short lived. Lol!!
Best part of the show..."This is the subtext"
Dave you are an inspiration!!!
George 2 years ago(2022)"I'm not an EV guy"
now(2024)owns a Tesla!
Stupid is not illegal 😂😂😂😂😂. I love Dave !
Plus working for someone else. If he pays attention how the business functions he will apply that to his business instead of having to reinvent the wheel
The Benefit of the Airline thing. If they Crash at least you didn’t have to pay for it.
Bad move Dave on pension. The teacher could invest the $1800 monthly pension into a fund since she says she doesn’t need it and in 5 years she has more in her account than the lump sum. In addition she has the pension for life. No the pension is way better.
What airline does Dave prefer to fly? I personally love Delta 😅
Air Canada refuses to give refunds and only gives credits with expiry dates. They took a bunch of money from me once and I do whatever it takes to avoid flying with them and tell everyone about it. To heck with air Canada fyi, and always read the fine print.
Im Ryan 5 years into the future lol. Took out student loans to go to Physician assistant school. Make great income but definitely struggling to pay off my student loans. I feel for Ryan. And sometimes i do regret taking out my loans. But i must say, there are some grad school programs you cant work through. I was a graduate assistant while in PA school making $300/month but other than that you really cant work while going through some of these programs, otherwise you risk falling behind
Thank you for the warning about moving.
I work in a doctor's office and I get free coffee. I also have to make it. I bring a loaf of bread and make a fresh sandwich when I want it or toast. We have a toaster oven. Anything to make our life easier and a microwave as well. I just wish they paid better.
I wouldn't take the 100 grand. I'd take the 1800 a month til I die.
Unless there was something really sketchy about the pension, I'd take the 1800 a month.
IN THIS CASE, the 1800 a month is just worth more than the 100 grand.
Also, remember that Ramsey sells mutual funds for his sponsors. This conflict of interest may bias his advice.
My dad retired at 55yrs. Now he is 90yrs and still collecting pension from that company. Hahaha
A good friend and fellow teacher/principal took the monthly sum, not the lump of $500,000. He was diagnosed with cancer 4 months after retirement and passed away 3 months later. He received about $28,000. That's a difference of $472,000.
“This is like putting 4 stupid things together” 🤣🤣🤣 omg!
“We believe in free speech here. Which is why you can only be welcomed if you say exactly what I tell you to with your ballot.” Yup, sounds like you REALLY believe in free speech!
My father was a teacher and took a 650k lump at 59.5. My father and mother ran through that 650k in 10 years. They both died just as the money ran out. They could have made it last longer but they lived above their means. I think my father new the well was running dry
People die way too young. People should be living to 110!
@@Scott-got-caughtyuck i dont want to live to 110....diapers, everything already hurts at 53, all my family and friends will be long gone..no thanks. 75 is enough for me
@@Scott-got-caught...tell us you've never met anyone older than 70 without telling us...
Knew
This George guy is funny 😆 😆😆
Tries to hard. It's too much too often
Trust me, Root canals are horrible!! I will never be getting another one of those because when I had one I spent over $1000 and ended up coming out anyway so I should’ve put that money towards a bridge instead...lesson learned!!
Theres are pros and cons to both.
great show dave , always great advise.
I think Dave secretly loves Delta 😂
That money you invest… you want it to grow. You expect it to grow right? Well that growth is fueled by increased quarterly profits and financial performance by companies like Delta. If this relationship works, the stock price will go up. Your investment (if you own stock or an index fund which holds Delta stock) will go up. If every company acted with moral righteousness no stock would ever be worth buying.
I think the lady that called in about where to invest the SS money from her deceased ex husband was calling for investing advice not advice on should she use the money for raising her kids. The tone in her voice kind of sounded like she wasn't worried and probably would do fine with her income alone.
True Dave just rushed it off and didn't listen to the lady,'s question
Who came back from the wife's email to watch the call? 🤣
ATAI is going to be the future of the pharmaceutical industry
They do a restaurant review of food quality every year. Rating restaurants using old grade school system of A-F. Panera is best in class. Far second runner up is Chipotle. Third is Chic Fila. Everything else is failing. With all the health issues, do the math. Processed/fast food must be in cahoots with big pharma cause they are all getting rich and we are all sick.
Never mix high carb and high fat. We need meat to thrive. Eat meat and some low carb veggies with some butter, lard, tallow or chicken fat. Some daury and berries are ok. Thats all the body needs if you prioritize protein!
1:07:40 Sorry guys... the ICE costs the restaurant more than the soda. No ice = saving the restaurant money. The paper cup costs the fast food joint more than the soda and ice you put in it.
38:50 but not only that I think the tradition of women being absolutely ignorant about finances and letting their husbands do it is coming back and that's not good. I think that everyone should be competent financially because you never know what's going to happen
Anybody else catch “this is the subtext” at 0:49 🤣
Yes!
My in-laws paid $60 per month for a Whole Life policy from 1974 to 2022. It paid $10,000. If they had simply deposited that amount in a compounding savings account, it would have been worth close to $1 million.
Im not sure that math works lol