5 Money Mistakes People Constantly Make!

Рет қаралды 144,832

Күн бұрын

💵 Create a free Budget - Sign up for EveryDollar today! ter.li/ubldyt
5 Money Mistakes People Constantly Make!
When I am not scouring Costco's gluten-free bread, you can find me co-hosting The Ramsey Show. Today, we're tackling some major money mistakes that folks make all the time.
Links:
The Ramsey Show: / @theramseyshowepisodes
The Ramsey Show Highlights: / @theramseyshow
Financial Peace University: www.ramseysolutions.com/ramse...
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

Пікірлер: 271

@noahzimmerman-yg6qt 5 ай бұрын

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

@marcellasilva4015 5 ай бұрын

It's possible to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash. The planner devised a defensive strategy that protected and profited from my portfolio during this red season. I've made over $250k since then.

@marcellasilva4015 2 ай бұрын

Sharon Ann Meny, is the name , Just search the name. You’d find necessary details to work with to set up an appointment.

@BoriPR82 4 ай бұрын

My wife and i saved $2700, we rented a community center, our family cooked and brought all the food, my family decorated and our pastor married us. It has been 17 wonderful years and still going strong.

@gamergeek8933 3 ай бұрын

yeah I dont get the $20,000 weddings. We spent $800.

@kenyu8192 11 ай бұрын

$72K for a car is hard to swallow.. but for a Kia?!?!

@Enoch161 9 ай бұрын

Only Kia I can think of that he got was an EV6 GT. MSRP was around $62K or so. Not sure how he got a "deal" at $70K. Regardless. I saw a barely used one at Carmax that had 1.3K miles on it for $53K. Mind you someone traded this in for a good bit less.

@maaaaarvyn 9 ай бұрын

You gotta check out car prices in Singapore. You get a Prius for $100k and above

@Getloose360 9 ай бұрын

@@Enoch161its still a Kia, the vehicle market is out of control.

@87vortex87 10 ай бұрын

We paid ZERO for our wedding. We just went to the municipality office on monday morning, when its FREE. We're together 13 years now, 4 away from being millionaires. We'll be 39 and 36 in four years.

@worganyos 9 ай бұрын

We just got married last Friday at city hall. The cost was a little over $300 which seemed kind of insane. We bought our rings off Amazon for $90(hers) and $20(mine) and honestly maybe this sounds cringe to some but they don't look cheap at all.

@87vortex87 9 ай бұрын

@@worganyos we don't even have rings 😜 we just love each other

@gamergeek8933 3 ай бұрын

Wow! My wife would have killed me! We only spent $800. We got married at our church which was free. We invited everyone we knew to the church. We did a catered reception at my parents house for family only. This allowed my wife to have the beautiful wedding she wanted without breaking us.

@DrFearCo 3 ай бұрын

A marriage license costs a bit of money doesn’t it? 😜

@87vortex87 3 ай бұрын

@@DrFearCo not on Monday morning 😉

@emettscabassi4605 11 ай бұрын

$70k in debt over a Kia?! 😂😂😂

@gm2407 10 ай бұрын

Absurd.

@valberlin9239 10 ай бұрын

70K debt over ANY car is absurdly mind-numbingly, ridiculously stupid. 😂

@brysonthor 9 ай бұрын

The symptom

@antoniofigueroa5084 9 ай бұрын

That's what happens when people fall in love with a car and only worry about a "low monthly payment"

@Nessal83 9 ай бұрын

@@antoniofigueroa5084how the hell do you fall in love with a freaking KIA

@raccoonman1698 10 ай бұрын

By far the best Ramsey personality

@user-im9dz2ud7d 6 ай бұрын

*Chris Hogan

@themistoclesnelson2163 11 ай бұрын

Spreading hate and dissension and stirring up the swamp had me rolling🤣🤣🤣

@thealexandraway 11 ай бұрын

The sound effects 😂😂😂

@funnytime1111 11 ай бұрын

Shout out to the trollies!! 🤣

@lukescapee1234 11 ай бұрын

My wife and I just had a nice wedding and honeymoon for under $6,000!

@tannermerritt7278 11 ай бұрын

I have two kids 3 years and under. Hit baby step three in June. My entire existence is Ramsey, Blippi, and Bluey. Everything just SMASHED together and my brain got a tickle.

@ottmarlezama9038 11 ай бұрын

Bluey’s interaction with that unicorn at 1:25 was hilarious

@vincenthaegebaert1854 8 ай бұрын

We are Catholics, my sister and her husband exchanged vows during he sermon at regular Su day Mass and guess what, they are just a married as a couple who spent 50K. AND, they bought their house outright 10 years later.

@jaycarlson927 8 ай бұрын

$72K for the Kia is at least smarter than $10K for a dog!

@inihilisme1511 7 ай бұрын

No.

@joysilas4724 11 ай бұрын

George is on FIRE with these videos!

@locotest22 11 ай бұрын

I remember when George hosted the show by himself. Brave men.

@brianmcg321 11 ай бұрын

Lol

@justvincenturb 11 ай бұрын

I'm definitely having some deja vu.

@truthseeker6370 11 ай бұрын

A Whole lot of Deja Vu

@Emerica771 11 ай бұрын

Probably didn’t get the expected clicks quick enough so delete and repost when more people might be active

@kelliconlan8133 11 ай бұрын

National Mustard Museum is a real thing in Wisconsin. I have been there, and it is actually a fun little museum.

@Meli_Mels 5 ай бұрын

I love mustard. I need to visit

@dgovekar1 11 ай бұрын

Hey, George, please if you can, do an episode on teaching kids(teenagers) the financial awareness

@jdmecarr 11 ай бұрын

Would love this

@codymusser6649 11 ай бұрын

Yes please!

@thedude5040 11 ай бұрын

Just holler "Kids! we broke AF!!". There

@DIPPYDO 9 ай бұрын

Nobody is going to convince me that renting is better than buying a house.. I have 5 bedroom 2 bath house 2500 square foot house when I bought it the mortgage was Slightly higher than renting the same house in my area.. just 6 years in after inflation, you can't rent a 2 bedroom apartment for what my mortgage payment is.. And I have 150000 in equity.. The key is to buy the house you can afford, not the one you wish you could afford..

@ksmechano 11 ай бұрын

His videos are awesome, editing and jokes fabulous. 50k subscribers? Really. He needs to be at 5 mil

@supermaple1919 10 ай бұрын

Billions😊

@shchino134 10 ай бұрын

That's exactly what I was thinking 😂 his content and editing is just unbelievably good, I stumped on his channel completely random and I only know George from the Dave Ramsey show..but his personal channel is EXCELLENT 👌👍

@candy2325 9 ай бұрын

Now he’s at 85k subscribers 🎉

@supermaple1919 9 ай бұрын

@@candy2325 and counting.

@CharlesReinmuth 5 ай бұрын

Good news is it's more than doubled since you left this comment.

@ericaterrones16 4 ай бұрын

Love that you used the actual calls for basis so we can see real ppl doing these things and what they tell themselves why it’s ok

@amireallythatgrumpy6508 11 ай бұрын

Cereal then milk then more cereal (because you poured too much milk in the cereal), George. "That's the only proper way."

@TDoyle92 10 ай бұрын

Not related to the money content - but considering you are about to be a parent, I'm so glad you found Bluey 😂 Bluey is a staple in our house. We purchased the DVD set at Target so we could cut some monthly streaming expenses but still watch.

@saradeaton687 11 ай бұрын

Love the Mustard Museum reference! On Wisconsin ❤

@OhYeaMista 9 ай бұрын

Spent $15k on a brand new Chevy sonic in 2013. Still have it. Been paid off for years. I’m definitely not over a million net worth and I don’t think it was a bad move personally.

@angeljojo6727 11 ай бұрын

We have a free church wedding vow at our church near our home. With a friend and their family as our witness at the reception.❤❤❤❤

@danteeightsix9069 2 ай бұрын

The last vehicle I bought was brand new, a Tacoma. The previous was a year old, my 86. I plan on keeping both indefinitely, though. One of the two ways I can see new cars as beneficial.

@elizabethxiong2272 10 ай бұрын

Lmao when George said, I hope somebody invite me to an Indian wedding some day. Lol me too! My former coworker is Indian. I also mentioned to her to invite me to her Indian wedding. Lol

@moilaiom 10 ай бұрын

You’re AMAZING! Keep up the good job! 🙌🏾

@ericcortez5328 11 ай бұрын

Wait did I go back in time? Is this a re-upload? 🤯

@gordonsmithsa115 10 ай бұрын

I just came across you on YT, your advice is great, subscribed…

@calebgibson55 Ай бұрын

These videos have me so addicted. I think I’ve watched all of them!

@ethanaguinaga9757 10 ай бұрын

Love it💯💪🏽

@JRmintful 11 ай бұрын

Love your vids George! I think we spent $2K on our wedding and had a little bit of help from the parents.

@bige6876 11 ай бұрын

What a W

@christined9784 9 ай бұрын

I think ours cost all together about $1k but we got lucky because we were able to borrow tables and chairs. It's so good to hear from others who didn't break the bank!

@Cardinal15 9 ай бұрын

We spend $2,500 for our wedding 20 yrs ago and I think we splurged 😂.

@melissapowell2848 8 ай бұрын

Spent about $1000 for the wedding (including the dress, tux...that he has worn dozens of times since, decor and food). Gifts totaled a little over $1000, so we broke even.

@CC-kr3mr 10 ай бұрын

I feel bad for the lady whose husband flubbed the car scenario. She is newlywed and calling into a finance program for a pickle that her husband got them into. That man is not a provider or a projector. I if I were in her shoes, I would personally would rethink the whole marriage at that point based on the men’s ability to make sound economic decisions.

@Allaiya. 10 ай бұрын

Rachel & George are my favorite hosts outside of Dave.

@ThinkkTwiice 5 ай бұрын

My wife and I met at 18, had a low key wedding at 27 (immediate family only), own 2 homes 1 primary 1 vacation in the mountains. We we're 35 now and we're millionaires at 32. I would do our same wedding 100 times. Don't fall into the trap people.

@joelbennett1987 8 ай бұрын

Great content 🎉

@motoryzen 11 ай бұрын

Good he finallyfixed it. it was saying " this video is private..sorry " earlier today

@Superhyperaktive 11 ай бұрын

Wow! That was a quick run I just did.

@kevindavis3369 11 ай бұрын

Did he mean 500,000 Indian dollars because that’s like 7k

@JoeLanthier 11 ай бұрын

What was wrong with the first upload?

@lynnew6959 11 ай бұрын

Definitely Bluey over Blippi! Great video as always!

@weeklygarden 11 ай бұрын

Perfect

@CaitlynGoesHiking 11 ай бұрын

I’m really struggling with FOMO in the housing market. Prices/rates have gone up so quickly it feels impossible to save that down payment. It doesn’t make logical sense for me to buy yet but I really feel the pressure to buy just to get in the market before rates and/or prices continue to go up

@iabbervocium 11 ай бұрын

You can do it, I promise. It's really, really hard to get the ball rolling but once you do it goes fast. Don't give up!

@thedude5040 11 ай бұрын

You have to manage expectations. I built my first house, nearly 3000sq ft, in 2021 at the age of 29. But my wife and I also had to get real adult jobs with responsibilities to pull it off. In 7 years we went from an income of $40k to $180k. Part of that included me sucking up and willing myself through engineering school, which I graduated at the age of 26.

@juditharsenault2131 10 ай бұрын

My home value has gone up dramatically in the past year. I had been thinking of selling my home and buying a smaller home but there aren't any smaller homes in my area. I like my house so I'll just keep it for the time being. My home is my only debt. It's about 25% of my income.

@TheAcesShow 10 ай бұрын

You can save and work hard to get it one day, the right way. And when another collapse happens, which will be inevitable, you can swoop in line a vulture and save big.

@thedude5040 10 ай бұрын

@TheAcesShow there won't be another collapse for awhile. Don't get someone's hopes up for something that is not even fundamentally supported by today's economy. The only collapse that could happen is a treasury default on the national debt, but even then housing inflation is caused from a shortage of houses, thus a housing crash won't happen

@diptisingh6762 11 ай бұрын

Indian weddings are 3 to 5 days or more. Too many ceremonies depending on which area of India.

@strongblackliquor 11 ай бұрын

My kids love Bluey!

@zuzu2416 2 ай бұрын

The world needs George! “And probably a probiotic!” Lol 😂 Why don’t you have millions of subscribers yet George???? I will bet you have millions of happy lurkers… Well, we are sharing you as often and fast as we can! Slow and steady … slow and steady. 🎉

@victorblas3483 11 ай бұрын

This video went away while I was watching it :O

@francesmelendez1303 8 ай бұрын

Thanks for the car advise 🚗 Cash only please 💸

@StiMullen 11 ай бұрын

My purpose in the market today is to make more money to cover my daily expenses, not to keep losing money. I don't know what to do to change that.

@silentdayreddit9114 11 ай бұрын

I am in the same situation as you, I want to make all my previous losses in the stock market, but I don't know how to do it

@pakistanihackers9140 11 ай бұрын

Wow, I can't believe that I can see "Dan PriceC F A" here, he is very good

@silentdayreddit9114 11 ай бұрын

@HCKRSGMR-qm9kn Can you tell me more about it?

@silentdayreddit9114 11 ай бұрын

@HCKRSGMR-qm9kn How do I contact him?

@shawnmendrek3544 9 ай бұрын

Subbed for life.

@thehuntschool196 9 ай бұрын

37, modest home paid for, net worth of 1.4M, family of 4. Very blessed with a good job… for some reason money still feels kinda tight, overall we invest about 50% of our pre tax income.

@douchenozzlemcgee6111 Ай бұрын

"still feels kinda tight" & "invest 50% of our pretax income" might have something to do with each other lol May I ask why 50%? Did you all start investing later than 30?

@thehuntschool196 28 күн бұрын

@@douchenozzlemcgee6111 fair point. I’ve been investing 30-50% since I started a “real job” after school…. I finished school a little late due to doing volunteer humanitarian service work for 2 years after high school and working my way through school. Didn’t get a real job until 27 YO…. Would really like to be able to retire or just choose a fun job or do passion project work by the time I’m 45…. That’s the reason for the high savings rate

@Ruprecttt 11 ай бұрын

Bluey is the best!

@davidhodge7461 9 ай бұрын

I really hope George adds the short videos himself. It would be great

@danielaandrification 9 ай бұрын

the car thing is so true

@ashC1990 11 ай бұрын

Even your numbers for an indian wedding George are correct if someone is having a very extravagant wedding.

@Jozone86 11 ай бұрын

Why did the original video get taken down?

@OverlandFlorida 7 ай бұрын

I feel attacked, I pour my milk first lol

@TheSUPERHAPPY1 11 ай бұрын

Would be great if the original videos were linked in the description

@GhettoGatesss 11 ай бұрын

George gave you a dollar and you want two dollars lol

@tigerlily48 8 ай бұрын

Cars are the main caused why people are struggling in life!

@FourFourSeven 8 ай бұрын

*Idiotic car loans* are one of the causes in why people are struggling in life. I bought a used Civic in 2006, in cash. No loans. And I still have it to this day. Why? Because I learned how to take care of it.

@justchilling_. 4 ай бұрын

💯

@MyAirMyles 18 күн бұрын

My wedding was £4k. Why are people paying 30k. Madness

@to1620 4 ай бұрын

I’m single as a Pringle, and while I’m good with that it can get a bit dull at times. I’ve had friends mention that it might be nice for me to get a dog. And I always think “yeah-I could do that!” But-then I hear about situations like the caller with the TEN THOUSAND dollar vet bill, and I immediately know that I couldn’t afford that type of situation. My mind is focused on saving and strategizing for the future, and having an animal is an expensive investment.

@clownboy228 6 ай бұрын

Random is there a UK version of this as seems we do things different over here.

@momaslilboy1781 10 ай бұрын

Actually renting cost more than mortgage repayments. Let's just your rent weekly is $520, that's $2080 monthly give or take. In the end it's not your property, no money in it for you. On the other hand let's just say $250000 mortgage is around $800 to $1000 monthly repayment. In the end you can sale your property at around $300000 to $350000. Saying renting is good or cheaper is simply not true.

@bmook019 11 ай бұрын

Blippie is the worst. Bluey is the bomb.

@05weasel 8 ай бұрын

$30,000 for a wedding is crazy. Especially when anyone can get ordained online and you can put some chairs in someone’s backyard for a few hundred dollars. With all the things this generation is killing I really hope the stupid thousands of dollars for a ring and a ceremony are on the list.

@Allaiya. 10 ай бұрын

10:05 Or buy a smaller house

@russoft 9 ай бұрын

"$10,000 saving our puppy's life". When I was a kid, that puppy was peacefully euthanized for a lot less. That's insane money to spend on a pet. I know I'm one of the few to think that.

@themotorcycleguy5980 8 ай бұрын

A bullet cost alot less than 10k lol

@kktowne6992 3 ай бұрын

I agree, but saying it makes you a bad guy. I never can understand how people can spend their child’s college fund on chemo for a 10 year old dog…or some other scenario.

@TCAPRecipes 11 күн бұрын

500k for a wedding? That's wild to me.

@johntracy72 9 ай бұрын

That guy with $120,000 in cans buried in the yard better hope the cops weren't listening in....

@alanevans5353 2 ай бұрын

I would say gold shouldn't be considered a "fear based" financial investment. Its typical gains beat inflation, and you can either keep it in a bank/account somewhere, or keep it yourself. It's not as strong an investment as mutual funds (if you actually manage the 10-12 percent Ramsey says he gets) But its reliable.

@siamese117 11 ай бұрын

Wow 72k for an electric Kia?!? 😮 jeeeeeezzz heck no

@TheSilverLining22 8 ай бұрын

Cereal. Then milk. 💯

@trackee2024 3 ай бұрын

Does the 25% of take-home rule for a mortgage apply before or after insurance and 401k contributions? I take about $1,500 per month out of my check before it hits my account. 😅

@freeestyleobsessed 11 ай бұрын

The guy with 120,000 buried in tin cans his backyard needs to be very very careful because when it’s not in a water, proof container, moisture and mold and rats and bugs can actually destroy the money think about the TV show breaking bad a lot of the money gets destroyed due to weather and animals if you buried in the ground

@billyturner2396 9 ай бұрын

Hopefully it is in gold and silver

@davidbrooks8809 8 ай бұрын

George is the "Nu Man"

@squirrelyvanderblit4886 9 ай бұрын

Amazing stuff

@herbb8412 9 ай бұрын

$10K to save a dog? Sounds like she already has more money than she knows what to do with

@CJ2023Incognito 11 ай бұрын

My brother in law bought a new truck in 2019 then sold it. Decided he liked that truck after all and bought the same exact one again for MORE money in 2021. 🤦‍♀️ lol Dudes a doctor.

@brianmcg321 11 ай бұрын

Not a very smart one

@CJ2023Incognito 11 ай бұрын

@@brianmcg321 smart people doing dumb stuff. Lol

@johnwilson839 3 ай бұрын

in 1990 I had been living with my parents for a year after my graduation in '89. I wrote a contract with my college roommate and my brother. We went in together and bought a house together. In the contract we each promised to stay for at least 3 years with a penalty free exit from the house after 5 years. This was the best thing any of the three of us ever did. Never say never.

@nancybrody5896 11 ай бұрын

French bulldog😮

@DNaupari 11 ай бұрын

Commenting because 54k subs ain’t right

@bigcahuna42366 11 ай бұрын

I would stay far away from Kia. They probably won't be in business in a few years anyway due to piles of class action lawsuits and public distrust.

@jackkraken3888 9 ай бұрын

At least with a Kia, you don't have to worry about forgetting your key since a USb cable apparetly does the same thing,

@thedude5040 11 ай бұрын

My wedding cost around $27k including rings, clothes, venue, engagement pics, wedding pics, DJ, food caterer, day of event coordinator, limeo driver, decorations, light staging, tips, bartender, cake, and limited selection of liquor/beer/wine.

@pumpkin_pie98 10 ай бұрын

My was $300, bough a dress for $150 got flowers for $50, and went out to a dinner for $100

@inihilisme1511 7 ай бұрын

Damn, all this money could be used for 2 years of university for your child !

@thedude5040 7 ай бұрын

@inihilisme1511 our family income is now $190k with no student loans. I'm not worried. I expect to be a millionaire before turning 40 years old. And no neither of us is a doctor, lawyer, or had family connections for our jobs.

@thedude5040 7 ай бұрын

@inihilisme1511 alot of people also do not include the cost of wedding bands and engagement ring with the cost of a wedding, but I did in that 27k number for completeness.

@pumpkin_pie98 7 ай бұрын

@@thedude5040 may I ask what you do? looking to change careers

@djg4653 9 ай бұрын

My wedding was $300 lol. Wym 30k that's still absurd and must be factored in with these half million dollar weddings. What's the median wedding cost not average. It's one day.