💵 Create a free Budget - Sign up for EveryDollar today! ter.li/m8hr6a Order my book, "Know Yourself, Know Your Money"! bit.ly/2LIclKS Ramsey Solutions Privacy Policy: www.ramseysolutions.com/compa...
Пікірлер: 34
@lindadorman28692 ай бұрын
My solution to getting out of debt was to stop wanting so much. In 2017, I was 57, unemployed, $30K in debt with no savings or retirement fund and stressed out. I radically changed my life, sold everything, worked all the time and lived like a monk for 6 years. Now age 63, I have no debt, a fully-funded emergency fund, regular income from my own business plus savings to invest, a comfortable place to live and peace of mind. Life on the other side of debt is so much better.
@meve5312 ай бұрын
It's so crazy to me that people go on annual or bi-annual vacations. Like, I haven't been on one in years...being a homebody is good for the wallet😂
@conquistador22 ай бұрын
What’s wrong with annual vacation lol
@meve5312 ай бұрын
Nothing wrong with it! Just always saw it as something only rich people did lol
@natalieeubank45332 ай бұрын
I went on a mini vacation after Christmas as a huge surprise for my 9 yr old along with a couple family members, and we are going on a family vacation in May big time first for us, really looking forward to it though
@Johanneslol112 ай бұрын
A vacation can actually be good for your mental health. You get more experiences and you can also look different at your own life.
@turtle5222 ай бұрын
I tell my son the best way to get out of debt is to never get into debt. I know, not possible for everyone. But good if you can.
@sharonp.65052 ай бұрын
We have been debt free for years. We still do "scorched earth" budgeting during every winter to save money for big purchases. We pay cash for vehicles, recreational property and are currently planning to build a camp on a property we bought 2 years ago for cash. We ALWAYS pay cash. We are seniors living on a fixed income and still manage to live our best life by staying debt free and saving money for our wants. We literally live on 30% of our income and save the rest for our big purchases. Our friends and relatives think we're dirt poor because of our spending habits LOL.
@tressalewis70042 ай бұрын
I am going to be happy dancing in 6 1/2 weeks! Is when we hope to pay off the house🎉🎉🎉🎉🎉
@tcgtpl2 ай бұрын
1. Surround yourself with positive people. 2. Pause investing while you’re paying off debt. 3. Selling stuff. 4. Get a side hustle. 5. Skip vacations. 6. Do a no spend challenge. 7. Make a budget. Secret 7 is the most important, and the only reason you should do Secret 2 is if you have a lot of high interest debt, like credit cards & payday loans, so you should knock them out first. Once you have that done, resume investing because time value of compounding interest is incredibly powerful.
@Johanneslol112 ай бұрын
I would add one extra tip, look at your monthly expensive. Try lowering them. For example, I lowered my internet bill by moving over to a other company, I lowered my gas bill by signing a multi year contract. I lowered my phone bill by not getting a new phone and combining it with a carrier for your normal home internet. I lowered my energy bill by trying to isolate the house better. You can do this with simple things. All this extra money you are left over with, you use that to pay of your debt! In my case I am going to 5 fold the payment I did before, just by lowing my expenses and using all of that savings to pay it off faster.
@unpredictable9132 ай бұрын
I'm debt-free!! What a peace of mind.
@victorblas34832 ай бұрын
One of my best friends wants to plan so much but told em sorry, I'm stepping back and paying off debt first!
@garvincrosby43492 ай бұрын
Ha! I can go many years without a vacation. I don't have any money or enough credit to do so. I'm broke, but in a year and a half maybe two I won't be any longer.
@Tpn-wr2gd2 ай бұрын
Rachel, wanted to thank you and Dave, and all the folks with Ramsey solutions. Am in my mid 50's now and am very comfortable thanks to you and your father's advice. Took out a mortgage to buy a lake house, but should have that paid off before I retire in a few years. Thanks again!
@tjharris65302 ай бұрын
On baby step 2, my biggest issue is my sweet tooth and way too many trips to the convenience store (DG, gas station...)
@christinahanson27752 ай бұрын
Biggest tip. Go to dg on Saturday when they do the 5 off 25$. Have a stock up day of just goodies. Then stock away for when you really need it. But most of the time it's a psychological thing. when you allow yourself, you won't want as much
@tjharris65302 ай бұрын
@@christinahanson2775 thank you I will give that a try
@danny81982 ай бұрын
I put extra income like bonuses into early payoff. Just have to be careful to stick to my banks contract and not overpay.
@childofgod83652 ай бұрын
No spend month is the best. I did it in January, now heading for much and am still on it. I have saved so much. In January 250, February 300 and in March I aim for 200. I eat what is in the office. Has turned to be healthy for am eating lots of beans and no meat😂
@EricMoore7902 ай бұрын
I need all 7!
@robertamazyck18612 ай бұрын
Great information, but I didn't find video listed, and I need the budget help.
@MrJayWillis12 ай бұрын
Always open to hearing your wisdom. That's why I subscribe to your KZfaq channel. Otherwise, I could just sit in a corner and enjoy my own wisdom all day, for my own entertainment.
@judyobodougo2 ай бұрын
If I get extra bonus and shifts from my job and have no time for side hustle. Do I still have to get a side hustle if am already burned out from my double shifts at work?
@elijaprice2 ай бұрын
I really felt like that blanket was going to be used as a prop. That the blanket was going to start talking, or something.
@coldshoulder40042 ай бұрын
I am debt free. Other than medical bills, I owe nothing.! However, I now have no credit score. Which is no good cuz in a couple of months I am going to move. And to rent anywhere they check your credit score. Cuz that matters for some reason. Forget that I pay my rent on time, if not early. I pay all my bills. So owing no one anything means bad credit!! Seems backwards to me. One would think that not being in debt is a good thing. Seems to me it's not. I don't care though. I will not go into debt!!!
@grantzwingelberg87522 ай бұрын
How would having a government pension change your investment calculations? How should teachers, like me, and other state employees on these plans invest their money for maximum wealth?
@ashleyscott61612 ай бұрын
Ramsey says 15% savings no matter what. The money guys channel gives more nuanced advice about pensions.
@stevenporter8632 ай бұрын
3:15 Puts a band aid on that debt, but doesn't solve the underlining problem.
@kartikprasad43592 ай бұрын
Oops, I was investing and paying off debt. I’m a bad boy!😂😂
@Helena-ou8ry2 ай бұрын
My number one tip is that I have a cash offset account attached to my mortgage, in this account I keep my 6 months savings of expenses. It drops the interest I pay on my mortgage by about $100 a month and will cut 8 years off my mortgage
@lutsen1102 ай бұрын
Do you recommend not giving while paying off debts? My only debt is my mortgage.