Saving is like fitness. It's hard to initiate, but once you start and sees the result, it can be addictive.

When I was working my way through college I would drive myself crazy. I worked for $10.25/hr and every time I wanted to buy something I would do the math to figure out how long I worked for something. I'd be like, "Oh, that's a nice shirt. What??! $80! That's a full shift. I don't think so!"

Saving money is kinda fun and addictive after a while. I feel like I want to buy nothing. No materials really make me that happy. Instead, I want to buy time and trips.

Saving money: An addiction that one should never even think of quitting.

I've saved 5,000 in 3 months. I'm 18 about to buy my first car. Thank you Dave👍🏻

I really enjoy not being broke.

i got out of poverty a couple years ago. believe it or not it has given me such trauma that i have a fear of one day losing it all again. so i save and save, and i feel for this guy

I'm addicted to paying debt, I'm always logging in to my accounts and paying even a little extra money I get, I just find pleasure in seeing those numbers go down.

Saving is so addictive especially when you start seeing results and the emergency fund get up there to around 3-6 months.

I swear everyone that calls in has more money than I do.

Saving is the BEST addiction ever.

i save 65% of my income! Best thing i ever have done

I'm also addicted to saving my money. My broke friends love to ask me can I loan them some money. My answer is always NO.

Lol at people that are in debt yet judging this man When 78 percent of the population is 1 paycheck away from being homeless yeah I’d be addicted to saving as well

"My friends are upset im doing the financially responsible thing with my money, and are peer pressing me into being broke like them." Fixed the title for you.

I saved $30k in one year.

You know you're doing well when Dave Ramsey tells you to spend a little more money! Good for you Brett!

I was REALLY addictive to saving for years and constantly got made fun of for it. Only recently did I start spending like the rest of the world and starting living paycheck to pay check for a couple months. NEVER AGAIN. I was a little too strict but I miss having a savings account

I use a 30-30-30-10 rule. Thirty percent of my income to the house and utilities, thirty percent to personal expenses, thirty percent focused on paying debt and saving and ten percent toward recreation. So if he focused on utilizing 10 percent he could have enough fun with that amount or maybe use less.

Saving is paying yourself first. It's never a loss. Gotta keep money in storage that is not being touched.

I really wish I could afford this program. single disabled grandmother raising a 4 year old. I am blessed to own my home. but debt and daily day to day struggles. with no government help for food. life definately keep you on your toes trying to eat and survive. God bless all.

I have 41k saved up and I’m 20! Also no college loans. I don’t really listen to everything you say but I certainly follow a lot of principles regarding saving and living within your means/ being minimal, etc.

This is me. 1000% - I have such a hard time spending money. Its so tough.

This addiction starts when you save the first 1000, from that point you start looking at what else you can live without little I knew high speed internet is the only thing I can’t live without the rest bye bye, I read way more books than ever before.

When I was 20 I started my first major "Adult job" I was making about 55k a year "With tons of overtime of course" By the end of my first year of employment I had 12,000 saved without even trying very hard. I grew up in a lower middle class family, my family was the victim of the 02-06 factory to Mexico purge. Where my dad lost a great job and had to work his way back up at a local job where he still didn't make near the money he used to. lived in a modest apartment, didn't really spend money unless I really wanted to "Never did needed that safety net" I learned more from growing up with that lifestyle than anything, the worst influence is other people. My dad was letting me drive his truck, solid 2000 GMC sierra, well taken care of ran great "Still does". I paid him 2000 dollars cash for it, my insurance was only 185$ every six months on the truck. Fast forward to when me and my co-workers were talking about finances, I work in the trades and now I've learned how bad people in the trades are with money. They were straight up pretty much making fun of me for driving my old truck when I had "All that money in my bank account" Well I broke down from peer pressure they had me worried that my truck was going to break down on a long trip or something of that accord. I ended up getting a STEAL, the only good part of the bad situation I got in. I bought a 2015 Ram 1500 bighorn in 2016 for 26,000 dollars. Great deal considering the person that bought it in 2015 paid a whopping 34k for it. Sales tax paid "Not added in" I put 3 down on it sold the old truck back to my dad for 2000. My payment was 400 Dollars a month, but the kicker no one talks about if you have a vehicle that's not paid off it ups your insurance by like 50% My insurance went from 185 every six months to 195$ every single month. This also started a cascade effect with my spending. My account dropped as low as 5k before I concluded 'whoa i need to start saving again" Video's like these have helped me a lot, I only have like one and half years left paying on my truck, so I'll tough it out and drive it until it won't drive anymore. Don't let co-workers peer pressure you into buying things you don't need. These are the same people that "Fall on hard times" and need some money. It's crazy to me, but the average car payment where I work at is around 700$ a month, ridiculous and I always here the same thing Dave Ramsey made fun of once "I work hard I deserve a nice truck" Guys are going to work themselves into a early grave, the kind of work I do isn't meant to be done past your mid 40's I'm planning ways out now through savings and likely property investment.

Just discovered this channel about half an hour ago and really enjoying it - this video in particular drew my eye because I don't think I've ever seen someone ask this question before of any personal finance expert, which made for a really interesting watch. What I would say is that at various points in my life I've been in debt and at various other points in my life I've had good savings, and I've always found that it's a lot easier to spend money when you're already in some (not excessive) debt, because although rationally you know you should be trying to go in the other direction, psychologically it just feels like adding to a number, whereas when I have good savings I've found it much harder to spend any chunk of them because it translates into feeling like I'm spending months of savings effort as well as the money itself. So it's - weirdly - easier to spend money you don't have, because you never had it in the first place and therefore didn't put the effort in to build it up, than it is to spend savings, which you put a lot of effort in to build up. The fact that both traits can be in one person (and I don't think I'm unique in this) just shows you that not everyone is necessarily one "type" of person or the other i.e. spender or saver. A lot of it is about the circumstances you are in at the time.

I'm addicted to saving. I'm my own accountant and I walk around with a notebook everywhere I go. I try to count every dollar. Having a notebook has helped me reach my goals. I've been able to calculate my to do list (if I dont get it done one day I always go back and make sure it gets done), time management, money, weight loss, fast food addiction and grocery lists. It pushes me to become better. I still splurge but I do it in moderation. Of course, the first year wasn't easy but now it's just part of life. I'm on one important goal which is fast food addiction and I've been cooking a lot more now and loving it. If you don't prioritize your life who will.

I feel I’m going down a savings problem path, I’m 17 and got $11,000 saved up, all I wanna do is work and I never will spend money, like I have a hard time spending $1 on a drink or food unless absolutely necessary, and when I do have to spend money it’s all I can think about and I feel like I have to pick up enough shifts to double what I just spent.

I'm addicted to eating fruits and vegetables and exercising 5 times a week.

As of next year, I’m able to save 100% of my income and own 4 properties. I love my addiction

You know he meant to say no when he said "YES" when Dave asked if he was giving. Nah man he's too busy saving he ain't gonna give and I don't blame him

every single friday/saturday i go to my bank (chequing) and take out money for the weekend - groceries, tank up the truck, $12 for a fun supper at a cheap place with good food i like. I walk not a half block down i turn into my credit union (all savings and investments) and have the gleeful pleasure of popping in a $20 bill into an envelope, slipped into the ABM and seeing the balance climb just that little more. I don't have a million but i have that personal savings account that just. keeps. growing. it's a feeling of succeeding at something worthwhile.

I'm the same way, I save money for something and as soon as I hit the target, I balk at spending the money and dump it into my savings account telling myself that I 'want' it, not 'need' it.

Wise savers save for the SOLE PURPOSE of INCOME PRODUCING ASSETS. Foolish savers do the opposite.

I'm the exact same. I like seeing my money rise, cut back on expenses like holidays, I've refused to buy a new car etc. But people keep telling me to spend and enjoy it.

What Dave did was fail to ask him his age. That speaks volumes about the person's situation. There's a big difference between having $200,000 at 25 and $200,000 at 60. The difference is with one, you can set yourself up to retire easily. While the other, you can't retire without Social Security and heavily lessening your expenses.

I laughed so hard when Dave said "Dude your outta line!?!" Lol 5 mill and scared to spend 15k.

This call hurt me. My networth is 320k and we make double what he does and I feel broke.... why?

I disagree when Dave says you got the money in that Vanguard account to buy the car, he shouldn't cash part of the Vanguard account out to buy a car, he should just start fresh right now saving for a $7000 car. I drive a beat up car myself, and if I was gonna eventually buy a $7000 nice used car I would save my cash from my job to go and get one, I wouldn't cash out part of my investment to do so.

He wants to save till he has $1M but then what? And that'll probably take him decades of saving. He needs to invest in something that generates money.

My grandfather was a hoarder in many ways. Especially when it came to money. I remember helping him go through his investments one time (I have a B Com in Accounting so I was in a position to help him to some degree). I discovered that he had put about $100,000 (Canadian) into a government of Canada investment that paid 0.4% interest. Now it was about a secure an investment that you could find but a similar type of government investment would have probably paid at least 1.5%. As he had grown up during the depression he liked essentially hoarding away the money he had saved up over the years even if the investment's he did put the money in were not the most productive uses of that investment capital. When he passed away in 2013 I was thankful that he did at least make sure that his family knew where he had invested all of his money and that his estate wasn't going to have to take potentially years to try and track down where he had hidden away his savings.

Money has no owners, only spenders.

I can hear this guy’s tension over the whole thing. He sounds like he’s sweating. But I have to give it to him; he’s done well.

I'm addicted to investing! It's like saving, but on steroids. Lol

Saving too much is absolutely a thing. I am big worrier when it comes to finances and I am very good at talking myself out of spending. At a certain point it takes all the joy out of life. What I'm learning is that if you are content and have more money than you need, then give more and don't feel guilty when you want to buy yourself something nice every now and then.

I'm kind of like this guy, except I don't have that much in retirement and I don't make quite that much money.

I am the same way. I am often told I’m super tight with my money, my family tells me that I am cheap, and I have a huge fear that I am not going to hit that million-dollar mark. I can so relate lol.

This sounds like my husband.He has lot of money in bank.Still drives 20yr old van !

Thank you so much for the advice Dave Ramsey! I have recently purchased both "The Total Money Makeover" and the "The Complete Guide to Money". Can't wait to read these, I've only ever just watched your show. But, haven't learned a plethora of great personal finance information and the like. I'm only 25 but have a mindset of a 40-50 year old because of you!

That's how I am, I save like crazy, keep my expense to a minimum and yes, I sing karaoke as well!

Saving money is one of my favorite hobbies! I too aspire to become that self-made millionaire. It’s a tough road, but I’m steady on course.

Budget. That's the key. A very strict written budget can balance everything out.

Consider this addiction a blessing.

Wonderful addiction to have. Much easier to rein in this habit than the opposite.

2:35 Dave didn't even flinch when he mentioned the index fund

I love saving money!!! I’m trying to retire early!!

I'm addicted to saving. Started saving at 17 and now I'm paying mostly cash for college

Props to this guy. I hope he bought the new car and if so how exciting and well deserved.

The moral of this story: save money but budget for some fun and don’t let people tell you that you aren’t spending enough on that fun

Hmm 12 years owning his car and it is about dead I was wonder if he bought it used and it is way older than 12... my car hit 12 from new and it is still in awesome shape. Many of my friends drive around in cars with loans I try to avoid that life but I get it but it ain’t for me. Guess it depends how much you drive and how you treat it and other attributes. I agree spend a little but and get you something decent. Car provides him a way to drive to work so worth it.

Frivolous spending gives me anxiety

This guy sounds like he has the emotional range of a teaspoon.

I love how he always hangs up on them towards the end hahahahaha

what he should do is try and pay lots of extra money on his mortgage to pay it off super early. I got my house for a steal and my dad and I did a ton of work to it to get it to where it is today but I paid the house off in about 7 years total.

“I’m sorry Dave I’m afraid I can’t do that”

As addictions go, pretty sure this is the one to have

I like saving. I try to save 25% to 50% of my income.

His saving is nothing. I made a broom out of pine needles and use an ironing board as my desk.

Smart - always spending, saving and giving

Maybe I missed it in the vid but he needs to make sure he contributes to Roth IRA or reg Ira it will be so much worth it when he retires

It's HAL!!! 'I'm good Dave.'

My friend and her husband are very frugal and have over 1/2 million invested by now. They both recently retired and have zero debt and can live off their social security income. They have one adult child who loves to spend money! And guess what? She’ll get it all when her parents die , and she will enjoy it greatly! Sometimes people just need to not be afraid to spend money and enjoy life.

“Am I addicted to being sober?”

I get being frugal but come on dude- that $1,000 car is gonna kill u when it turns off on the freeway

What's the point in saving all that money if you won't enjoy it. Life is too short and when you die you end up leaving all your "fortune" to someone else... makes a whole lot of sense.

I hope this guy can get enough saved for retirement. Sounds like he's doing his best.

I don't agree with the giving money part...

For a second Dave thought he was going to say million

I would have fixed the car or bought another $2000 one and rocked it till the wheels fell off in a few years, but i guess i'm the kind of tightwad Ramsey thinks goes too far, haha.

this is me right now only my thing is a house. Six figures of savings but can't part with any of it to help pay for a house downpayment wise. I'm totally addicted to saving.

If you want to get over your addiction to saving money, have a kid.

Dave probably liked this call 😂😂😂

Money is a means, not an end like this guy is thinking. You know what's more important than money? Time and health. I learned that you should spend a lot of money to save time and to be healthy.

way to go brett!

Best kind of addiction

Lol I wish I had this guy's problems! I'm still on baby step 2!

wish i had that habit but at the same time i might die tomorrow so might as well spend and enjoy

"Are you giving"? What kind of financial advice is that for someone who's clearly not financially independent. I don't expect anyone who's not completely financially independent to give anything to anyone but their closest family.

This caller should be a role model for...perhaps many other callers.

If you use it every day its worth more then once in a while.. but dave is right with the ratio.

Before I retired I have to at least have 500,000 saved up. At least and if I could go further even better.

Only purchase assets that appreciate.....Stocks, bonds, precious metals, and real estate.

This reminds me of someone who missed a wedding because they booked the cheaper flight without checking the departure time

When I was a kid I would save money to buy a new stereo or whatever. Saving money per paycheck to meet a savings goal. However, as I got close and had the money in my pocket I had had time to think of whether I wanted to spend that money at the end. I would think, "What's a way I can get that cheaper?" or "What's a way I can get somebody else to pay for it? (but not like taking advantage of a relative or friend)". You don't plan ahead for unpredictable events. But by the time I was getting to my savings goal, I would find out that that model goes on sale next month, or by that time I could find a used one at a fraction of the price.

Saving is great, but when you have a bunch of hobbies and projects that you'd like to finish... It's hard.

I hope this guy called in years down the line saying that he's now a millionaire

Bret sits at home, plays WOW while eating pizza on Friday and Saturday nights. He lets other guys get robbed by females and is too smart to let them steal his money. Well played sir. Well played.

I've been saving my whole life. My parents have thaught me well. My anxiety however, has skyrocketed since I've had a bad year (I'm self-employed). So I really don't understand how people can give money on useless stuff that is not an investment. If I spend my money, it's on learning new skills, investing and healthy food.

I hope one day I have this sort of problem 😂

You don't need to "enjoy your money." Find your purpose and then use your resources to fulfill that purpose.