We live in a day and age where people don’t want to accept the truth. These are straight facts. I grew up in a single parent home, in poverty. My mother worked hard but she had all the weight on her shoulders. I’m married now 12 years and it’s a true partnership with my husband and I focused on maintaining our healthy family and building wealth for ourselves. The family unit DOES matter.
I graduated from HS... joined the military at 17, had my son before I got married right after I turned 19. Still married to his mother, and retired at 50. I am the exception to that rule, but the advice is absolutely spot on.
I graduated from high school and married before children but had my 1st daughter at age 18. I'm not saying we never struggled but I was able to give my daughter a free home. We bought property and built sweat equity at 19 and house hacked. We had an investing mindset.
@@ericacannon5832 I am going to guess the pregnancy wasn't planned to happen. Did you never get to practice making babies when you were 19? Some aren't as lucky with the pull out method as others.
Just learning how the professional money changers work will help you avoid big $ losses. My condo cost me twice what I “paid” for it because I did a 30 year mortgage to keep payments lower. I hadn’t thought through the real cost of it. You’re going to be way ahead of the game. Banks and loan companies are trying to make $ off you not “help” you.
These statistics are really eye opening. It’s amazing how avoiding these poverty patterns can significantly increase the chance of you obtaining and building wealth.
It's far more likely that people who are wealthy feel secure enough to get married than it is that the marriage and kids help anyone stay out of poverty.
@@Natashahoneypot I see your points but there is more to being financially secure than having a high paying job. There are plenty of people who call in the show and make tons of money yet are house poor due to their financial habits. A high income earning individual with bad money habits will likely do better being in a solid marriage where the partner may serve as another check on their financial decisions. Also, broke young people get married all the time. If anything, people who are financially secure won’t want to get married as easily since they are more cautious about other people’s intentions. I think the data shows an accurate representation of the wealth outlook for married & unmarried couples with children. Single folks without kids (even when cohabiting) is a different game altogether.
And what’s the lesson? God people are stupid. School is supposed to teach you how to think. How to think logically. Not how to live your life. It’s logical to understand if you have a kid at 17 you will be in poverty
Good for you, buddy. Truly happy for you and can only hope the same for my children. I've been married 16 years and it's been a battle the entire time trying to save for my family's future.
I was a teen mom that went to college to get my MBA and dug myself out of poverty. When my husband and I married helped because we knew what we wanted. Goals and being on the same page helps keep us out of poverty.
Everything Dave said is true. As a teacher, it's hard for our students in poverty to change when all they know is poverty and bad decision making from their parents. They have poor role models and they just can't envision a future past today.
Taylor you are correct! You only know what you are taught. If a child is a reader they can learn there is something else out there. My teachers are the main reason I pulled myself out of childhood poverty. Received an education and a career. Teachers are so important in this equation.
My mom didn’t graduate high school, she had me at 18 and got married at 20... she literally did the opposite of all of those things.. she dug our family out of poverty through working extremely hard and the knowledge she gained from Dave. These statistics are so important
There's that. When I got engaged I realized how selfish I was, and how much that would have to change. Marriage forces you to live for someone else, either that or it falls apart. When it's the former, you start making better choices and living a better life.
And when you decide that you don't want to give up living for yourself in the here and now, and therefore you don't decide to get married, yeah, your life is going to be a mess.
I think people who are married and are in a healthy relationship with their spouse feel a desire to do better for their loved one and it puts a fire under them to achieve things they otherwise wouldn’t have the motivation to do. I think there is also a huge difference in having someone always behind you, with your best interest in mind, supporting you and encouraging you. It’s so much easier to feel success is in your reach when you have someone rooting you on instead of having to find your own motivation.
That's not even to mention how bad it is for the kids to live in single parent households. The statistics for the kids growing up and having a good life with a mother and a father in the house is insanely staggering.
I did everything the wrong way. The thing that got me out of poverty was following the Dave Ramsey plan. Seems like poverty is a symptom of lack of planning more than anything else. All those other statistical facts you stated are clearly from lack of planning as well.
I’m 21 and a full time student with 14k in savings. I landed a job paying 52k a year and will be starting soon. In the meantime I have been binge watching Dave Ramsey to learn about more about saving and investing.
@@magicworld3242 its stockholm syndrome, except in a marriage. People think they need their wife to smack them to keep them in line "hurr hurr gotta keep the wife happy ya know", and vice versa. Personal accountability goes 10x as far as anything else.
The 'man' I married was 13 yrs older than me, but in reality was an immature child. Didn't figure that out until my 4th child was born. He kept us in poverty. I got out of poverty after I divorced him.
@@mr.e5791 You say divorce benefits a woman but most women do not marry well. So all this talk of ‘taking half’ is just that, talks. Most of the men have nothing to lose to begin with lol.
@@ninapeterson275 Wrong again. Most divorces are because of financial problems and iniated by the woman. Why marry a man who has nun to begin with? Most women don't marry/get into relationships with men who have nothing
Actually I'm an atheist and I'm doing just fine thanks. Having said that I agree with almost everything Dave says financially with the exception of the bible or the christian god.
These are all very true. But most people miss the point. A significant portion of America dont want to be responsible for themselves to make these decisions, much less asking other people to do them.
Correlation doesn't equal causation. Committed and responsible people are more likely to get married but if they don't decide to, they can still end up in a good position because they're committed and responsible.
@@yousefomar4710 I'd appreciate any tip or guidelines on how to get started on this, Really interested but due to the nature of my job i haven't been able to look into it.
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
This does make sense. With two people working together, you can both encourage each other to do more and also it gives opportunities to take risks to get ahead.
"You've not committed for the long haul so you make short-term decisions." at 4:33......that's good stuff. That and 5:38 's "There is a problem here that we've just ignored because everybody's so afraid to address this because it's a moral/spiritual issue as well"
I stumble on this channel on Instagram. And I am liking it. These are real life issues with real life solutions. I am in my 30's just starting my career in Canada and also pursuing an MBA. I feel I would learn a lot listening to this guy.I would be back in 10 years to give an evaluation of this show in my Life. Thanks Dave
No guarantees, but it's about the odds. When people have to sign on the dotted line, they tend to put more effort into things than those who deon't. Marriage increases your odds of success, partly because it weeds out the unmotivated.
The bible says he that finds a wife finds a good thing and obtain the favor of the lord Evey. Person I know that's married I see favor on their life I wish I took this seriously when I was younger
there are so many benefits to marriage, statistically. and there seems to be a grace that goes with marriage, when its done at the right time with the right intentions
My husband kept being accepted to jobs (he normally wouldn’t apply for or feels like not appyling to since he’s okay with what he has or where he’s at) since he married me. Find a spouse who encourages you, supports you, and even challenge you at times. Will do wonders.
1:10 "FAMILY income is 73% higher for married women than for women who aren't married" He didn't say WOMEN'S income is 73% higher if the woman is married, he said the FAMILY's income is higher. Yea, because there's a second adult making money for that family's income.
I got pregnant at 31 ..the dad didn’t want to get marry but live like married couple combine incomes etc with him in control. I walk away and be a single mom. Best decision of my life. He see money bigger than his own life so I don’t go after child support....he is non existence to my son.
Love the conversation. Happily living together with our two great kids and we each own our own rental outside of our home and have no desire to get married. Grew up seeing everyone get divorce or unhappily married. No thanks! We are soulmates none the less.
All kinds of "arranged marriages" have lasted that long. The potential positives are when the extended families are interested in keeping the marriage together as well.
I think you'd get higher rates of Marriage if the divorce rules weren't soo one sided. I can't count the number of divorced men who lost everything and won't do it again.
It took a while for my fiancé to propose bc he was burned by his previous relationship, not even married. I was patient/understanding and we’re excited to get married this year. I think there’s a lot of fear and honestly guys date women who aren’t good for them just as women date men like that. A good partner is a well rounded person you will work together with. But too many people are shallow and greedy.
@@schuylergeery-zink1923 that's an issue,but the problem is that at any time you could be that girl and the law has your back. I'm happily married and have three kids but it's always there in my mind that no matter what I'm getting destroyed if it falls apart.
You are confusing correlation and causation. For instance, marriage doesn't necessarily make women earn more; it could well be that women who earn more are more likely to get married. Same thing with home ownership: If you earn more, you're more likely to be a homeowner. If you're married, you're likely bringing in two incomes and save money from cost efficiencies (e.g. reduced housing burden). So the issue isn't, "why don't more people get married to have more money?" It's more, "check out the additional burdens and issues to quality of life that poorer people face. Check out some of the correlations with poverty: less likely to be married, less likely to have a home, etc." I would also discuss research on these correlations. For instance, many people aren't getting married or having kids because of self reported poverty. Many people feel they simply can't afford the wedding or can't afford to raise kids. Or in terms of teen pregnancy, how about an investigation into the causes and which policies are most effective at reducing it? Because obviously we want teenagers to make smart decisions - but again, they're teenagers, so they and society would benefit from policies which reduce these risks to their long term success. I would also push for people to attain those things that would help them: e.g. there are some tax benefits for married couples. But also understand that some people have personal or moral reasons for the decisions they make.
Both graduated HS, married, 27yo/30yo, & having our first baby this fall. We are debt free including our home & building wealth. Life is great. ♡ * Don't have college degrees. Just have a good work ethic. Might do college & pay as we go. No debt. Both work as a team because we love & respect each other.
Don't even need a study. I just go outside in life and open my ears and eyes. Everything Dave read I've been living around it on the outside looking in since the 80s from neighbors and coworkers to friends and family. Plenty of voluntary failures.
Bias also doesn't inherently mean "wrong" either. It only means that there something more to consider in the evaluation. Unfortunately, too many people see that word and just stop.
I meet all of those by God’s grace but what’s wonderful is you can still be in a good place through hard work. It will just be harder with more hurdles by can be done. My mom had me and my siblings at a young age. Unmarried and she had many difficulties. My life is much much easier than hers but I love her and she was a great mom
I agree with the statistics they don’t lie. I’d like to see, from Dave, the stats on how many people were doing financially well before marriage & the marriage ruined them financially. Just curious.
That's always been my concern with marriage. An individual can work hard to achieve their own success & once married it can all be taken away if there was a divorce.
@@AmericanMadeUSA yes even with a prenup, someone could be potentially cunning enough to ruin you & what you’ve worked so hard for. What I’ve found in this dating word, from a female perspective, there are a lot of men looking for something other than love & companionship. People are looking for what you can do for them. I’m sure women do the same thing.
Here's what got me out of poverty: 1) rent the cheapest apartment you can find, even if its an uncomfortable studio apartment. 2) if you live in a city with a large public transportation system, get rid of your car and take mass transit. 3) don't spend money on (or do any) drugs, alcohol, cigarettes, vapes, or gambling. 4) don't have kids till you have a lot of money.
Bro i’ve been telling myself this it’s crazy he’s saying this i’m finishing high school in may nd my rules have been get my diploma, no kids until i’m atleast 21 nd no debt .
1:51 “Marriage lift”. I would describe it more as a situation of checks and balances. I don’t make a big purchase unless my wife is on board with it. The same goes for her needing me to be on board with a big purchase. It cuts down on big, frivolous purchases.
a simple budget is just a pen and paper and a calculator and simple straightforward adding and subtracting ..simple Math, and math never lies. the numbers are honest and accurate as long as you dont make a math error. follow a budget you will never be broke
math isnt easy for dumb people. And unfortunately, that means a lot of dumb people are born and go to the grave broke. Math is the one universal religion.
I'm the only one in my family and group of friends that actually grinds to make money and all they do is ask for money im really considering moving state and leave them behind
What Dave misses from these stats is that correlation does not imply causation. Being married before kids by itself doesn't result in better economics. Rather, the type of people who make sure to be married first tend to have the qualities of more responsibility and self control, and THAT results in better economic prosperity.
Unfortunately, I didn't graduate high school and trying jobs to earn a better income are practically next to nothing. Every day is a grind. Fortunately, I married before having children and we refuse to have children until we are stable and not homeless.
While marriage does *correlate* to economic lift, it is nearly impossible to prove that this is causational. Meaning, are financially successful people more likely to get into a marriage or does the act of marrying itself boost people economically? It can't be proven either way. I don't know what study Dave is referencing, but I'm sure the authors address this exact point, because every other paper on this topic does.
I’m a high school drop out I paid cash for my home. I never done drugs I have zero debt I make $54k. I eat at home I don’t own a car No car payments. No student loans. Fear Debt Live below your means.
@@weirdo1060 I’m so lucky I spent 8yrs sleeping in my car after divorce to pay child support. To be honest, I don’t think u ever walked a mile in my shoes. I got turned down for many jobs because I’m a high school drop out
@@youmayberight2434 I have very expensive bicycles. But I live 50 miles from nowhere. I mite get a car one yr from now. I’m holding out as long as possible
@@novadream1184 im unmarried with no kids, and its a valid option. Being married with kids is valid, too, if you can financially and emotionally support your children.
I feel like I'm old school, because I never wanted to commit to kids until I was secure in my marriage. 10+ years married, finally out of debt and working towards our fully funded emergency fund having a kid finally became a serious discussion (I'm due in April :).
Great for you! I agree with you in theory, but the reality is that women have a small window of when it is best for them to get pregnant. We don't talk about this enough. It isn't to scare people...it's actual biology. Women are waiting longer and longer to get married...and have children for the same reasons as you. By the time they start trying...they have a hard time. I have seen this time and time again. The reality is that (from a biological standpoint) it is best to have a baby between 16-25. Women are now fighting against nature. That's why more and more women are having miscarriages and infertility issues trying to have babies in their late 30s and into their 40s. I just wanted to add this because it's important. It doesn't mean you can't have children after 30...I'm not saying that. I'm just saying for most women it isn't going to be as easy.
Stats CAN lead to misinterpreting data if we don't understand the difference between correlation and causation. Not everything is simply causation (see my comment above).
Facts. And people with disability are more likely unable to maintain employment than people with no disabilities. I am one of these instances just 7-8 months ago.
@@DarkReapersGrim1 just to let you know if you have a disability and you marry a non-disablity person you lose all your social security income that one thing dave and people with disabilities do not know about. and social security does not want you to know about this.
1 John 3:17 - If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person?
It depends on who you marry! Child care is very expensive! I wish I had waited to have children with a good man instead of two devils I had to sue to make take care of their children! My children now have a good step daddy now! But it was a hard road to travel to get where I am today!! Dave you're right!!!
You are absolutely right, at least in my experience. also becareful who you marry. Make sure you primarily have the same goals especially in money and inbringing up children. what are his/her disciplinary views! if not compatible RUN don't walk away! The best is yet to come!!!
We have a friend who has told us he never wants to get married with his girlfriend. He has said he isn't sure she is the one but doesn't want to let her go and claims he loves her. She does want to get married but knowing him, it's just wishful thinking. He makes good money, has investments, has savings, and only student debt(which he does not want to pay off). They live together but it's crazy to me that she is expecting a ring when we know he is not willing to settle in regards to being married.
I dropped out of highschool, my son was born two years before I got married, and my son was born when I was 20. I am happy to say that I beat these statistics.
Did know of these. Teenage mother Bought my house at 25 . Not broke have money in the bank. It's about having goals and knowing how to manage your finances.
If your going to take part in the failed institution of marriage ( because almost half of marriages end in divorce, and the other half aren't necessarily happy) then PLEASE get a prenup. Mr. Ramsey always teaches to be financially responsible and take steps to grow and preserve wealth. Well friends prenups are a VERY important tool in that endeavor. I wish someone had taught me the truth about marriage when I was younger.
Marriage is the end of poverty and I'm over here as an aero ace who doesn't even like to be touched while hugging feeling so left out of this entire conversation.
Women married to men have statistically poorer physical and mental health than unmarried women. While close female friendships are a huge indicator for a longer and healthier life. Pets have also been shown to improve physical and mental health.
@@SarahOpossum Yes statistically speaking, single women are happier than married women but those are the married women who did not marry well. So they are often worn out and tired.
I believe him that second income makes a big difference and I know this as a single woman! lol. My mom was a single parent but I am sure having a second income would have been a boost. Of course it means its with the right partner who is mature and takes care of their responsibilities.
Think of it as like she's pulling him and he's pulling her the rope will break. But if they both decide, then the couple is pulling the rope together in the same direction bringing their goal to them quicker.
The More dependents the higher your expenses. I never would have guessed that. Anyone who would make kids and not be able to afford them are some of the dumbest people in the room.
Yes. However, there are many people on You Tube showing how to live decently with kids, even on a lower income. How? Meal planning, low cost food, cooking/preparing all or most meals including lunch at home to take with you. Thrift stores, buying used, kids save for own college and cars, and many other ideas for low cost phones and internet, growing food, buying direct from farmers, recycling found items, free cycle or Craigslist shopping.
We live in a day and age where people don’t want to accept the truth. These are straight facts. I grew up in a single parent home, in poverty. My mother worked hard but she had all the weight on her shoulders. I’m married now 12 years and it’s a true partnership with my husband and I focused on maintaining our healthy family and building wealth for ourselves. The family unit DOES matter.
Yeah girl
I’m happy for you.
So good when I see black families that get it.✊🏾👍🏾💪🏾
Good job on building your family!
My mom have baby after baby my child hold was proverty.
I graduated from HS... joined the military at 17, had my son before I got married right after I turned 19. Still married to his mother, and retired at 50. I am the exception to that rule, but the advice is absolutely spot on.
You are an idiot. No wonder the military took you in.
Erica Cannon Why is he an idiot?
@@Nick-bo3yq impregnating a girl at 19 is just plain out stupid
I graduated from high school and married before children but had my 1st daughter at age 18.
I'm not saying we never struggled but I was able to give my daughter a free home.
We bought property and built sweat equity at 19 and house hacked. We had an investing mindset.
@@ericacannon5832 I am going to guess the pregnancy wasn't planned to happen. Did you never get to practice making babies when you were 19? Some aren't as lucky with the pull out method as others.
I'm 18 and recently found Dave and boy am I glad
Good on you! Stick to the baby steps, you are already MILES ahead of everyone else, just by finding this so early in life!
Why are you rich? Or just a small minded person
Just learning how the professional money changers work will help you avoid big $ losses. My condo cost me twice what I “paid” for it because I did a 30 year mortgage to keep payments lower. I hadn’t thought through the real cost of it. You’re going to be way ahead of the game. Banks and loan companies are trying to make $ off you not “help” you.
As a multimillionaire I can endorse his information.
Welcome to the club!
Choosing the right partner for Marriage is so important. Choosing the wrong partner is disastrous for your life also.
Choosing not to marry can be the best option for many. Especially if you are a man.
i agree x
Yes
@@deadcell1 or especially if you're me.
Marry SMART. Don't marry someone who won't be a teammate with you.
Exactly. People marry the wrong person and their personal accountability goes out of the window.
@@agathachris9722 This is it right here!
Unfortunately many fell for looks
Your words are 40 years too late for me but they are better than Ramsey's three.
Good luck with that these days
Ramsey presents some hard truths people refuse to consider.
He does. You have to be honest with yourself and people don’t like dealing with the truth
I am just saying
Women's empowerment has resulted in 25% of them being on head meds and the lowest marriage rate in recorded history.
@@andrew8168 yup
Yes, and the arguing arguing argue that they're right
These statistics are really eye opening. It’s amazing how avoiding these poverty patterns can significantly increase the chance of you obtaining and building wealth.
@@cryptobusy1558 get a life scammer 🤦🏽♂️
It's far more likely that people who are wealthy feel secure enough to get married than it is that the marriage and kids help anyone stay out of poverty.
@@Natashahoneypot I see your points but there is more to being financially secure than having a high paying job. There are plenty of people who call in the show and make tons of money yet are house poor due to their financial habits. A high income earning individual with bad money habits will likely do better being in a solid marriage where the partner may serve as another check on their financial decisions. Also, broke young people get married all the time. If anything, people who are financially secure won’t want to get married as easily since they are more cautious about other people’s intentions. I think the data shows an accurate representation of the wealth outlook for married & unmarried couples with children. Single folks without kids (even when cohabiting) is a different game altogether.
These are the kinds of lessons that should be covered in high school.
impossible, they're starting to make you wonder if you are a man or a woman...or both.
@@cmoore806 those are the kinds of "lessons" that shouldn't be covered in school, lol.
Instead of improving, the education system is getting worse.
And what’s the lesson? God people are stupid. School is supposed to teach you how to think. How to think logically. Not how to live your life. It’s logical to understand if you have a kid at 17 you will be in poverty
Good luck getting this message into the public school system...the truth is banned.
Two like minded people can achieve more. Married over 40 years retired inspired, together.
Good for you, buddy. Truly happy for you and can only hope the same for my children. I've been married 16 years and it's been a battle the entire time trying to save for my family's future.
ABSOLUTELY AMAZING!!
Um ok, maybe the fact Ramsey is a bible thumper has something to do with it
Half of marriages also fail which can also financially destroy people. That fact seemed to be left out.
@@chrislim7976 look up the myth of 50% divorce rate
I was a teen mom that went to college to get my MBA and dug myself out of poverty. When my husband and I married helped because we knew what we wanted. Goals and being on the same page helps keep us out of poverty.
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🙌🏾
Congratulations!!!
Spend less than you make, don't buy stuff to impress people & invest smartly, easier said than done but that's all you need to do
@@cryptobusy1558 fraudster
@@cryptobusy1558 Barry O was the Illinois Enema Bandit and Michael was his right-hand hand-job man.
It also helps to have a decent and consistent income coming in the home as well.
Everything Dave said is true. As a teacher, it's hard for our students in poverty to change when all they know is poverty and bad decision making from their parents. They have poor role models and they just can't envision a future past today.
so true.
So true..
I would give you a like, but your at 69.
Taylor you are correct! You only know what you are taught. If a child is a reader they can learn there is something else out there. My teachers are the main reason I pulled myself out of childhood poverty. Received an education and a career. Teachers are so important in this equation.
And are heavily marketed to by wasteful stuff
My mom didn’t graduate high school, she had me at 18 and got married at 20... she literally did the opposite of all of those things.. she dug our family out of poverty through working extremely hard and the knowledge she gained from Dave. These statistics are so important
Anomaly
I hope the man she married was working extremely hard too
Good for your mom. She must have had to struggle and sacrifice a lot.
May the month of February bring nothing but Joy, good health and blessing to you my friend.
And to you!
Some women refuse to think that marriage makes a difference and then they shack up and have babies.
STOP IT.
False dichotomy
@@l21n18 Truth hurts
@@regularity2556 ok there
I love when Dave says “It’s the Dave Ramsey show. Turn the channel and find someone else to listen to if you want to hear something else. “.
@@cryptobusy1558 fraud!
@@ukfan041 You mean the Account that lurks around here right? Already reported that so no one falls for this AD.
@@ukfan041 how is he a fraud. His money principles do work
Like a boss!
My guess is marriage is a commitment, and if you're the type to commit to anything long-term in general you will do better.
There's that. When I got engaged I realized how selfish I was, and how much that would have to change. Marriage forces you to live for someone else, either that or it falls apart. When it's the former, you start making better choices and living a better life.
And when you decide that you don't want to give up living for yourself in the here and now, and therefore you don't decide to get married, yeah, your life is going to be a mess.
Exactly.
Also having two heads is a buffer from making stupid decisions! :)
If only our employers thought the same way
I think people who are married and are in a healthy relationship with their spouse feel a desire to do better for their loved one and it puts a fire under them to achieve things they otherwise wouldn’t have the motivation to do. I think there is also a huge difference in having someone always behind you, with your best interest in mind, supporting you and encouraging you. It’s so much easier to feel success is in your reach when you have someone rooting you on instead of having to find your own motivation.
That's not even to mention how bad it is for the kids to live in single parent households. The statistics for the kids growing up and having a good life with a mother and a father in the house is insanely staggering.
Exactly. This affects all races too.
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Worse outcomes in an abusive household than living in a household with one healthy single parent.
@@Feliciations statistically not true. 15 percent of male inmates experienced abuse from there father's, 70 percent come from fatherless house holds.
Poverty - when you have too much month at the end of your money
poverty is low paying jobs and high rents and high priced foods and handing over %60 percent of your income to a greedy landlord..
@@derekrank4572 Then the next decision for that family should be to relocate outside of California.
@@derekrank4572 all of which are under your control
lol
@@cryptobusy1558 ignore this scammer.
I did everything the wrong way. The thing that got me out of poverty was following the Dave Ramsey plan.
Seems like poverty is a symptom of lack of planning more than anything else.
All those other statistical facts you stated are clearly from lack of planning as well.
Those who fail to plan plan to fail.
Lack of impulse control
I’m 21 and a full time student with 14k in savings. I landed a job paying 52k a year and will be starting soon. In the meantime I have been binge watching Dave Ramsey to learn about more about saving and investing.
👊🏽👍🏽
@@leaper7991 I’m doing IT at Amazon and studying IT with emphasis in cyber security.
@@leaper7991 you should it would definitely help in landing a job in IT.
How is it working for Amazon, Ive been trying to get a better job, but without a degree it's been hard.
Marriage is a business deal. If it wasn’t, you wouldn’t have to get a license and pay money to do it.
Hmmmmmmm
Autta make you get a license and pay money to breed but the poor keep doing it like crazy to get that welfare check
So what? Business deals enter into all facets of life, especially when kids are involved. Running a household has a lot of business elements to it.
@@mysticaltyger2009 it can’t hold this super religious or romantic ideas. A business deal is none of those things. What’s your comeback?
If your under Common Law, just file a joint return, you're now married.
No license, no fee.
You need a spouse to occasionally ask you, "What were you thinking?!?!" ...or a very close friend or family member that cares about you
No you don't.
@@magicworld3242 its stockholm syndrome, except in a marriage. People think they need their wife to smack them to keep them in line "hurr hurr gotta keep the wife happy ya know", and vice versa. Personal accountability goes 10x as far as anything else.
No. No you don’t.
For everyone saying no you don't, you have zero understanding of human nature.
Seriously though...
The 'man' I married was 13 yrs older than me, but in reality was an immature child. Didn't figure that out until my 4th child was born. He kept us in poverty. I got out of poverty after I divorced him.
Yea marriage helps women, divorce helps women too
Same. If I hadn't gotten divorced I would be poor forever.
@@mr.e5791 You say divorce benefits a woman but most women do not marry well. So all this talk of ‘taking half’ is just that, talks. Most of the men have nothing to lose to begin with lol.
@@ninapeterson275 Wrong again. Most divorces are because of financial problems and iniated by the woman.
Why marry a man who has nun to begin with? Most women don't marry/get into relationships with men who have nothing
@@ninapeterson275 This is insanely false. Most of a woman's wealth comes from divorce.
Doing things the Biblical way is always the best way. These data points prove that.
Actually I'm an atheist and I'm doing just fine thanks. Having said that I agree with almost everything Dave says financially with the exception of the bible or the christian god.
@@inertiaforce7846 I'm with you.
@@inertiaforce7846 Amen, brother!
There a lots of “biblical ways” lol
These are all very true. But most people miss the point. A significant portion of America dont want to be responsible for themselves to make these decisions, much less asking other people to do them.
Correlation doesn't equal causation. Committed and responsible people are more likely to get married but if they don't decide to, they can still end up in a good position because they're committed and responsible.
@@meenis good thing you didn’t marry her, i guess.
Exactly. Marriage in and of itself has little to do with it.
Nice content! In my opinion the only way to beat poverty is by having various streams of incomes
Yeah true I also see investments as another way through.
@@yousefomar4710 I'd appreciate any tip or guidelines on how to get started on this, Really interested but due to the nature of my job i haven't been able to look into it.
@@malcolmgonzalez697 Have you considered a financial advisor?
@@yousefomar4710 No could you point me in the right direction?
@@malcolmgonzalez697 I'm a newbie as well but my advisor Lorna Rose Sabbia manages my account and she's made me over half a million in just a year.
Yeah getting married was one of the best decisions I ever made
A lot of people think that, then they think getting divorced is the best decision.
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
Please can you leave the info of your investment advisor here? I’m in dire need for one.
This does make sense. With two people working together, you can both encourage each other to do more and also it gives opportunities to take risks to get ahead.
"You've not committed for the long haul so you make short-term decisions." at 4:33......that's good stuff. That and 5:38 's "There is a problem here that we've just ignored because everybody's so afraid to address this because it's a moral/spiritual issue as well"
I stumble on this channel on Instagram. And I am liking it. These are real life issues with real life solutions. I am in my 30's just starting my career in Canada and also pursuing an MBA. I feel I would learn a lot listening to this guy.I would be back in 10 years to give an evaluation of this show in my Life. Thanks Dave
Just because people are living together and have children together does not mean that they are committed to each other.
No guarantees, but it's about the odds. When people have to sign on the dotted line, they tend to put more effort into things than those who deon't. Marriage increases your odds of success, partly because it weeds out the unmotivated.
ABSOLUTELY!!!
True ..and is sad 💯💯🇺🇸🇵🇷🇺🇸
@@mysticaltyger2009 The divorce rate in the United States says otherwise.
Why buy the cow when you can milk it for free.
The bible says he that finds a wife finds a good thing and obtain the favor of the lord Evey. Person I know that's married I see favor on their life I wish I took this seriously when I was younger
there are so many benefits to marriage, statistically. and there seems to be a grace that goes with marriage, when its done at the right time with the right intentions
My husband kept being accepted to jobs (he normally wouldn’t apply for or feels like not appyling to since he’s okay with what he has or where he’s at) since he married me. Find a spouse who encourages you, supports you, and even challenge you at times. Will do wonders.
@@kcx2678 God bless you. You are so right.
There is no better time than now to start.
Facts G
1:10 "FAMILY income is 73% higher for married women than for women who aren't married" He didn't say WOMEN'S income is 73% higher if the woman is married, he said the FAMILY's income is higher. Yea, because there's a second adult making money for that family's income.
Yes and that’s why more married couples are home owners , two incomes.
No one likes this statistic. Make good choices people.
I thank god every day that I didn’t make my parent’s mistakes by having kids in my teens.
Bruh you gotta comment on every video ?
@@Twestliw you read it
@@chrisfamos I don’t even have to read it his face it just there always, mind your business
Yes, but the politicians on the left hate the truth.
I got pregnant at 31 ..the dad didn’t want to get marry but live like married couple combine incomes etc with him in control. I walk away and be a single mom. Best decision of my life.
He see money bigger than his own life so I don’t go after child support....he is non existence to my son.
Good for you. He wants all the benefits of a marriage but none of the legal ramifications should he decide to act up. Good for you!
Great decision
You are smart. I’m happy for you.
The dad is a boy and a 🤡🤡
@@ninapeterson275 You can't say "none of the legal ramifications" when there is a child involved.
Love the conversation. Happily living together with our two great kids and we each own our own rental outside of our home and have no desire to get married. Grew up seeing everyone get divorce or unhappily married. No thanks! We are soulmates none the less.
“Shotgun wedding”. That’s an old term, but I know many that have lasted 50 years +.
All kinds of "arranged marriages" have lasted that long. The potential positives are when the extended families are interested in keeping the marriage together as well.
You don’t have to be married. That’s personal biased. Divorces will send you to poverty. But they don’t lump divorces in the marriage group.
I think you'd get higher rates of Marriage if the divorce rules weren't soo one sided. I can't count the number of divorced men who lost everything and won't do it again.
Unfortunately, you're right. And those men are telling younger men to not get married. It's devastating.
@@Tyler-sq4lt It's not setup to be a fair process.
It took a while for my fiancé to propose bc he was burned by his previous relationship, not even married. I was patient/understanding and we’re excited to get married this year. I think there’s a lot of fear and honestly guys date women who aren’t good for them just as women date men like that. A good partner is a well rounded person you will work together with. But too many people are shallow and greedy.
@@schuylergeery-zink1923 that's an issue,but the problem is that at any time you could be that girl and the law has your back.
I'm happily married and have three kids but it's always there in my mind that no matter what I'm getting destroyed if it falls apart.
100%. Divorce destroying men in the western world, unfortunately. And they take notice and act accordingly
You are confusing correlation and causation.
For instance, marriage doesn't necessarily make women earn more; it could well be that women who earn more are more likely to get married. Same thing with home ownership: If you earn more, you're more likely to be a homeowner. If you're married, you're likely bringing in two incomes and save money from cost efficiencies (e.g. reduced housing burden).
So the issue isn't, "why don't more people get married to have more money?" It's more, "check out the additional burdens and issues to quality of life that poorer people face. Check out some of the correlations with poverty: less likely to be married, less likely to have a home, etc."
I would also discuss research on these correlations. For instance, many people aren't getting married or having kids because of self reported poverty. Many people feel they simply can't afford the wedding or can't afford to raise kids. Or in terms of teen pregnancy, how about an investigation into the causes and which policies are most effective at reducing it? Because obviously we want teenagers to make smart decisions - but again, they're teenagers, so they and society would benefit from policies which reduce these risks to their long term success.
I would also push for people to attain those things that would help them: e.g. there are some tax benefits for married couples. But also understand that some people have personal or moral reasons for the decisions they make.
Then accept responsibility for those choices.
Excellent points
I’m engaged 🥰 looking forward to us combining finances and a long life together
Congratulations!!
Congrats! I wish you many prosperous years together! Getting married is so much fun!
Both graduated HS, married, 27yo/30yo, & having our first baby this fall. We are debt free including our home & building wealth. Life is great. ♡
* Don't have college degrees. Just have a good work ethic. Might do college & pay as we go. No debt. Both work as a team because we love & respect each other.
If these statistics make you angry you want reality to conform to what you want, not the other way around.
Thanks Dave, it really comes down to the parents. How we are raised as kid’s directs their path as adults. And religion is important.
Before anyone shouts bias, this is a popular study by Brookings Institute, they are left leaning.
Appreciate your review, do you experience difficultly in trading? Inbox + 1 3 0 -4 5 0 8 6 9 4 6
Don't even need a study.
I just go outside in life and open my ears and eyes.
Everything Dave read I've been living around it on the outside looking in since the 80s from neighbors and coworkers to friends and family. Plenty of voluntary failures.
@@blackworldtraveler3711 Yooooooo !!!😤😤😤😤😤
Do you have the link for the study? Having a hard time finding it on their site.
Bias also doesn't inherently mean "wrong" either. It only means that there something more to consider in the evaluation. Unfortunately, too many people see that word and just stop.
I meet all of those by God’s grace but what’s wonderful is you can still be in a good place through hard work. It will just be harder with more hurdles by can be done. My mom had me and my siblings at a young age. Unmarried and she had many difficulties. My life is much much easier than hers but I love her and she was a great mom
I agree with the statistics they don’t lie. I’d like to see, from Dave, the stats on how many people were doing financially well before marriage & the marriage ruined them financially. Just curious.
That's always been my concern with marriage. An individual can work hard to achieve their own success & once married it can all be taken away if there was a divorce.
@@AmericanMadeUSA yes even with a prenup, someone could be potentially cunning enough to ruin you & what you’ve worked so hard for. What I’ve found in this dating word, from a female perspective, there are a lot of men looking for something other than love & companionship. People are looking for what you can do for them. I’m sure women do the same thing.
He will never talk about those stats, kind of goes against the agenda.
In such cases marriage wasnt the cause of the financial downfall...It was divorce.
@@AVG336 I’m a bit confused by your statement but yes I’d still like to see what statistical data Dave has on the subject.
Dave should take some time and talk about the cost of divorce
Marriage isn’t for broke people.
I did all of that and I still live in poverty. My husband died 14 years ago. I have never remarried.
Amen.
Here's what got me out of poverty:
1) rent the cheapest apartment you can find, even if its an uncomfortable studio apartment.
2) if you live in a city with a large public transportation system, get rid of your car and take mass transit.
3) don't spend money on (or do any) drugs, alcohol, cigarettes, vapes, or gambling.
4) don't have kids till you have a lot of money.
Bro i’ve been telling myself this it’s crazy he’s saying this i’m finishing high school in may nd my rules have been get my diploma, no kids until i’m atleast 21 nd no debt .
Also, keep a job.
1:51 “Marriage lift”. I would describe it more as a situation of checks and balances. I don’t make a big purchase unless my wife is on board with it. The same goes for her needing me to be on board with a big purchase. It cuts down on big, frivolous purchases.
As a caseworker, I helped so many single mothers find their children's father.Many of them were living in the same house!!
is this about abuse or divorce?
The country needs to hear this...
Also need Diamond Hands to escape poverty 💎🙌🚀🌙
Haha you know it! 🙌💎😂
Yes! Don’t he swayed by GameStop and cars you cant afford!
Good one!
i'm not going to just live with a man, never
I wish more people had this mentality
Good job, stay smart and stay strong :)
Good call. Always better to be open & honest from the start. Why waste your time with someone who doesn’t want what you want?
Big facts
You go girl! That's called loving yourself right.
YOU CANNOT TOTALLY CONTROL SINGLENESS EXACTLY
Exactly!
a simple budget is just a pen and paper and a calculator and simple straightforward adding and subtracting ..simple Math, and math never lies. the numbers are honest and accurate as long as you dont make a math error. follow a budget you will never be broke
Easier said than done when they teach common core math in schools these days.
math isnt easy for dumb people. And unfortunately, that means a lot of dumb people are born and go to the grave broke. Math is the one universal religion.
@@tigger6186 The addition and subtraction still comes up with the same answer no matter how you do it.
I'm the only one in my family and group of friends that actually grinds to make money and all they do is ask for money im really considering moving state and leave them behind
Do it
@@ashleycnossen3157 but at the same time I feel bad cause thats my family you know
Music do not move out of state. Just learn how to say NO. Boundaries.
No, that’s what banks are for. When people need money they go to a bank. Not their family.
You should honestly. Have good place and good person to go to until you can get on your feet. Its a long haul but worth it.
I was over 35 when I had my first baby, I guess that helped my case
What Dave misses from these stats is that correlation does not imply causation. Being married before kids by itself doesn't result in better economics. Rather, the type of people who make sure to be married first tend to have the qualities of more responsibility and self control, and THAT results in better economic prosperity.
Unfortunately, I didn't graduate high school and trying jobs to earn a better income are practically next to nothing. Every day is a grind. Fortunately, I married before having children and we refuse to have children until we are stable and not homeless.
They forgot, don't get divorced...especially not in America. 😉💸💸💸💸
Gotta get the prenup lol
@@Hello-oc7vj I was young and broke when I got married. 😂
Better yet, don’t get married and you don’t have to worry about the divorce! Been there, done that and will never play that game again!
@@jasonsaeger I wish
@@willmallory9085 oh lol
God’s way is always the best way!
Oh, and I never shacked up or married again, and I'm a home owner, totally debt free!
While marriage does *correlate* to economic lift, it is nearly impossible to prove that this is causational. Meaning, are financially successful people more likely to get into a marriage or does the act of marrying itself boost people economically? It can't be proven either way. I don't know what study Dave is referencing, but I'm sure the authors address this exact point, because every other paper on this topic does.
Stop having kids you can't afford
$1600/mo HUD housing stipend, $800/mo Food Stamps, Medicaid, cash assistance
Stop having kids that other people can't afford.
I love how Dave Ramsey goes with the FACTS and TRUTH! Not opinion or assumptions
I’m a high school drop out
I paid cash for my home.
I never done drugs
I have zero debt
I make $54k.
I eat at home
I don’t own a car
No car payments.
No student loans.
Fear Debt
Live below your means.
You are lucky. Many jobs require HS or college diploma. Many homes are becoming more expensive
@@weirdo1060 I’m so lucky I spent 8yrs sleeping in my car after divorce to pay child support.
To be honest, I don’t think u ever walked a mile in my shoes. I got turned down for many jobs because I’m a high school drop out
You should get a car. A used car that works. Quality of life goes up. Believe me. I've been there.
@@youmayberight2434 I have very expensive bicycles. But I live 50 miles from nowhere.
I mite get a car one yr from now. I’m holding out as long as possible
Graduate high school
Get a job
Don't have kids before youre married.
Just simple and clear
Don't marry, No kids, educate yourself
@@novadream1184 im unmarried with no kids, and its a valid option. Being married with kids is valid, too, if you can financially and emotionally support your children.
Dave is right but he forgot to mention have a job and get a prenup.
I feel like I'm old school, because I never wanted to commit to kids until I was secure in my marriage.
10+ years married, finally out of debt and working towards our fully funded emergency fund having a kid finally became a serious discussion (I'm due in April :).
Great for you! I agree with you in theory, but the reality is that women have a small window of when it is best for them to get pregnant. We don't talk about this enough. It isn't to scare people...it's actual biology. Women are waiting longer and longer to get married...and have children for the same reasons as you. By the time they start trying...they have a hard time. I have seen this time and time again. The reality is that (from a biological standpoint) it is best to have a baby between 16-25. Women are now fighting against nature. That's why more and more women are having miscarriages and infertility issues trying to have babies in their late 30s and into their 40s. I just wanted to add this because it's important. It doesn't mean you can't have children after 30...I'm not saying that. I'm just saying for most women it isn't going to be as easy.
SO DOPE!
the statistics don't lie. It just makes it easier to present the spiritual and moral truths in these matters.
I’m atheist and this is common sense to me
Stats CAN lead to misinterpreting data if we don't understand the difference between correlation and causation. Not everything is simply causation (see my comment above).
I'm glad he clarified. I thought he was coming after single people, lol.
Yeah me too .... I was totally speechless from 0.10 to 6.20 minutes lol
I graduated at 18 had my 1st child at 19 married at 20. Im 43 now and I am far from poor. So not all statistics are for everyone.
A disability can prevent you from getting a decent education, getting SSI, Medicaid, SNAP benefits, living in a poor environment, etc
Facts. And people with disability are more likely unable to maintain employment than people with no disabilities. I am one of these instances just 7-8 months ago.
@@DarkReapersGrim1 just to let you know if you have a disability and you marry a non-disablity person you lose all your social security income that one thing dave and people with disabilities do not know about. and social security does not want you to know about this.
one more thing you can marry someone with a disability and not lose income but someone who not disabled bye-bye to your social security income.
that true and it very challenges to find a job
@@julial1450 Are you serious? That's wild. I didn't know that.
Thank you Dave! I am new to your show.
Just watch out for that divorce court. It can get pricey too.
1 John 3:17 - If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person?
It depends on who you marry! Child care is very expensive! I wish I had waited to have children with a good man instead of two devils I had to sue to make take care of their children! My children now have a good step daddy now! But it was a hard road to travel to get where I am today!! Dave you're right!!!
You are absolutely right, at least in my experience. also becareful who you marry. Make sure you primarily have the same goals especially in money and inbringing up children. what are his/her disciplinary views! if not compatible RUN don't walk away! The best is yet to come!!!
We have a friend who has told us he never wants to get married with his girlfriend. He has said he isn't sure she is the one but doesn't want to let her go and claims he loves her. She does want to get married but knowing him, it's just wishful thinking. He makes good money, has investments, has savings, and only student debt(which he does not want to pay off). They live together but it's crazy to me that she is expecting a ring when we know he is not willing to settle in regards to being married.
Not with the laws in place.
A women that expects respect, gets respect.
What it comes down to is that if you align your life to God's design then you can not lose. Simple as that.
My cousin is the exception to the rule then; she isn’t married and had a child at 20. She makes bank as a personal trainer.
It's not a rule. It's a statistical model showing people do better if they meet those conditions.
I think people focus so much on the statistics and forget they dont have to be one. Its good to know the numbers so that way you know what to overcome
Lauren, hang in there - watch your Cuzzie come CRASHING down...
There are always exceptions. It sounds like your cousin is working hard to get ahead, and that's paying off for her and her child.
@@nervotica7991 Why would she want to see that?
I dropped out of highschool, my son was born two years before I got married, and my son was born when I was 20. I am happy to say that I beat these statistics.
Did know of these. Teenage mother
Bought my house at 25 . Not broke have money in the bank. It's about having goals and knowing how to manage your finances.
Yeah go ahead and ask those divorced guys in jail for not paying their alimony how marriage is helping them "WIN"
Exactly
If your going to take part in the failed institution of marriage ( because almost half of marriages end in divorce, and the other half aren't necessarily happy) then PLEASE get a prenup. Mr. Ramsey always teaches to be financially responsible and take steps to grow and preserve wealth. Well friends prenups are a VERY important tool in that endeavor. I wish someone had taught me the truth about marriage when I was younger.
Marriage is the end of poverty and I'm over here as an aero ace who doesn't even like to be touched while hugging feeling so left out of this entire conversation.
Women married to men have statistically poorer physical and mental health than unmarried women. While close female friendships are a huge indicator for a longer and healthier life. Pets have also been shown to improve physical and mental health.
@@SarahOpossum what study? I’d like to read it
Marriage isn't the end of poverty, but it helps strengthen the foundation for wealth building.
@@SarahOpossum Sounds made up. State your source.
@@SarahOpossum Yes statistically speaking, single women are happier than married women but those are the married women who did not marry well. So they are often worn out and tired.
Return to tradition and your life will be better.
Tradition FOR WHO ?
Depends on the tradition. Not all "traditions" are good.
go back to the kitchen
@@dc4me44 not everything progressive is good either
I only did two of those things. I completely skipped the "have a baby" part and I'm guessing my expenses are quite a bit lower as a result.
I believe him that second income makes a big difference and I know this as a single woman! lol. My mom was a single parent but I am sure having a second income would have been a boost. Of course it means its with the right partner who is mature and takes care of their responsibilities.
Ladies, dating is not a ministry ❌
That part 👏🏾👏🏾👏🏾
Think of it as like she's pulling him and he's pulling her the rope will break. But if they both decide, then the couple is pulling the rope together in the same direction bringing their goal to them quicker.
The More dependents the higher your expenses. I never would have guessed that. Anyone who would make kids and not be able to afford them are some of the dumbest people in the room.
Yes. However, there are many people on You Tube showing how to live decently with kids, even on a lower income. How? Meal planning, low cost food, cooking/preparing all or most meals including lunch at home to take with you. Thrift stores, buying used, kids save for own college and cars, and many other ideas for low cost phones and internet, growing food, buying direct from farmers, recycling found items, free cycle or Craigslist shopping.
100% agree and give 10%, limited debts, save, invest!