Financial management is a vital subject that many avoid, often leading to future regrets.

My wife and I just finished paying off $94,673.35 this morning. Praise God and thank you Dave for these teachings! I’m 22 and she’s 23 so we are excited to start young.

Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!

We were dirt poor as a family of 4 making $17,000 a year and $11,000 in debt. We followed Dave for years. Now we own a beautiful home with $265,000 in equity so far. My husband and I each have a retirement account. Our kids are grown. We'll be selling this home and purchasing a smaller home with no mortgage.

No purchase is better than the peace of mind of having no debt.

One of the best feelings I've ever had was the day I was sitting in the dealership, waiting for my truck to get some repairs, and started talking to the dealer about getting a new truck. He said, "Let's check your credit." I said, "Nah, if I get something, it'll be cash." The dumbfounded look on his face was the most priceless thing I've ever seen! I didn't buy a new truck that day, because the repairs were a better option, but just seeing him so confused made me smile!

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

I’m 63 years old and I can’t tell you how refreshing it is to see a brilliant young lady on the show. Hopefully that will help you reach a broader audience. It shouldn’t just be us older guys talking about money! Thank you ma’am for your intelligence and your insight! It is a pleasure watching you

"Rich people don't ask how much down and how much monthly, they ask how much " Love it ❤ .. very true!

Sep 2023 just did my last home payment!!! Like papa dave said before, I feel and smile differently now. Thank you, Mr. Dave.

My FIL had moderate income, invested well, denied himself nice cars and vacations, had tremendous income when he retired at 65...then...three months after retirement he was diagnosed with stage 4 pancreatic cancer and passed two months later. Live you life in moderation but enjoy yourself.

For those of us who are older, we remember when the banks encouraged farmers to take out loans for new equipment and mortgaged their farms. Then they called in the loans and farmers lost their land. This was in the 70s. My dad kept his old equipment and we were OK. But it was tragic for a lot of farmers. Don't trust bankers, lawyers or preachers. They all want your money.

“If you want to level up; you change your behavior, you change your habits , you change your views . Where there is no vision the people perish”

My final federal student loan payment went out this month! $20K I will never owe again. I made payments during the pandemic and I’m so proud to be part of the 1% who did. Thank you Dave and everyone at Ramsey Solutions. Next snowball is my car! 😊 Trying to get out of middle class 🤞

My wife grew up very poor, it was incredibly difficult to get her out of the mindset of "why don't we finance the ____?" phones, fridge, washer/dryer, bed, game system, house repairs, tools, etc. For me it's "ABSOLUTELY NOT" and since we have been together we have had $0 debt besides a 15-year mortgage that we will pay off in 10. Financially we are set. We may buy a Car in the next 2 years or so, but trust me it will be paid at least 50% in cash, but hopefully 100%. People do not understand the horrible implications of what financing/loans does to your monthly income long-term.

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too.

Dave, "forever and ever, Amen" 😂 I loooove Dave, his realness, bluntness, and no nonelsenseness ❤❤. He cares! Thank you for this DR! The Finance Doctor!

No car payment No credit card No house payment Almost debt free. Emergency fund saved Railroad and military retirement! 401k and stocks. Let's go! My ex wife said I love Dave Ramsey more than her. Yup!👍🏾

Yes I agree. Im a single 30yo and I live alone in a decent 2 bedroom condo in CA( garage, inside laundry room, fireplace, walk-in closets, and other amenities) even though I only make $55,000 annually. Most people either live with their partners/so or roommates (sometimes total strangers). I drive a 2015 Mercedes-Benz which I own, I don’t make monthly payments. That’s primarily the reason why I am able to afford living alone. I don’t have ANY debt. Paid off all my CC and also my car. Most of us don’t consider this a debt when in fact it is the most common type and usually the highest! If I had continued to make my monthly payments there is NO WAY I could afford my current lifestyle . I advice people (like me) who plan to keep their car for 10+ years to PAY IT OFF QUICK, IN FULL!! Even if (like me) you financed for 5 yrs, I paid off mine in a little over 18 months. Saved thousands on interest and gained freedom, SPECIALLY financially.

At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

The reason lottery tickets sell SO well in lower income areas isn't because they don't understand the odds, it's because they truly feel that they would rather have a razor-thin chance of "making it" instead of "ZERO" chance, which is what they are utterly convinced of. How do I know? It used to be ME.

Living within our means still a tough concept to absorb for most Americans in our consumer society.

We had an interest only home equity loan on our previous home but we made a point of paying extra on it every month towards the principal. At the end of 10 years, ours then automatically defaulted to a traditional installment loan with principal and interest amortized with the balance. Fortunately, we paid it off before it reached that point. It's all about discipline! Agree completely with Dave about banks. I used to work for one many years ago and it's all about making money and it's gotten way worse over the years.

So true, all you both said. You really don't need the newest and nicest stuff to be happy. Happiness can be sleeping at night not worrying that the bank is gonna come take back everything you have!

Apparently there is a cost of living crisis, not in my debt free house! No debt, no mortgage! Thanks Dave from Scotland!!!

This question is a pefect example of how financially ignorant this country is. "What is the benefit to having all this equity?" Wow, just wow. They prioritize teaching so much nonsense in school these days. Yet so many schools refuse to teach basic finacial literacy.

For the past 4 weeks, I have been viewing this channel, and I feel amazing, like I have wise and rich friends that are teaching me how to become wealthy, during this time I have paid 4k in debt and I have my Emergency Fund saved. I am working with the everydollar budget, and project to be debt free in about 6 months if not less than that. Baby Steps, one step at a time.

We paid off our home in 2017 at 15 years, three months. Once you pay off your mortgage you have tons of money. We are debt free and power saved for years after that so Covid was nothing but a nice vacation. Thanks, Dave!

Dave, you forgot financing solar panels for 30 years to “save” money on your electric bill. 🙄

I am from South Africa. Thanks to you Dave i am at peace No credit card debt No car payment- bought it as a second hand car No personal loan Only home loan payment. Im in a much better financial state. All thanks to you.

From the UK , Dave saved my life Thanks for all you do , I wish you could get phone calls from The UK aswell

The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

I retired with 6 figure pension. Zero debt. Except one thing. 52k equity line on a property in the mountains. I couldn't sleep at night. Didn't want to pull money from investments. Went back to work at something I love. Paid off the loan. Freedom!

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

100% agree. When I was 26 I bought my 1st apartment (2016), so instead of upgrading to a new iPhone I was paying my mortgage! Since than I have bought and sold 2 more apartments (instead of buying clothes and spending on stupid stuff). Which after selling last year left me with one 100% paid flat and 50k euro cash! It's all about the money habits! Btw I did this following Robert Kiyosaki adviced since I started it all with 10 euro in my pocket! However, I absolutely love Dave advices too, so now that I am 33 years old I follow both of their advices to some extend. Also one of my fave books is the "Millionaire next door"

I treated myself to a new car . 20 years later I still have it with less than 70, 000 miles. I am debt free and blessed. BUT for me I realize that if was diagnosed with a serious health condition I would be screwed because of healthcare costs despite having insurance. I am also starting to believe the saying "There is nothing more stupid than a person living poor in order to die rich."

This is one of the best shows I've seen by Dave and I've listened to 100's. This is basically everything you should and shouldn't do in a nutshell.

These 2 are a force. Great matchup

My ex does stupid 💩 like this. I’m 10 years into my “new” marriage now and so ridiculously happy I can’t stand it. Being on the same page (the DR page) with someone is amazing. Being with an idiot child-man obsessed with status symbols and wasting money to impress strangers was horrible and stressful.

I am seeking some investment guidance. It seems like I am never able to identify trends, options always go against me, and I can't utilize scanners efficiently. I am looking for a simple reproducible passive income strategy that supplements my income and eventually replace my wage income.

I love Dave and Jade and the whole team!!! God bless you guys!!

I strongly suspect that the person offered interest-only for 10 years thinks they don't have to pay back the principal. Not understanding the value of the equity in the home bespeaks someone who really needs something like Financial Peace University.

I was with you until the airbag thing. I feel like airbags are a perfectly reasonable thing to want in a car 😂

This video literally gave me conviction. Thank you for sharing!

LOVE THIS! Smart in a nutshell. I love how Jade and Dave have developed this rhythm like they read each other's minds! Jade is the most articulate with fast thinking on her feet of all Dave's sidekicks (even Rachel - she's hard to listen to as she stammers around and has trouble finishing her sentences_)

This was very informative. Thank you so much. I was thinking about getting a HELOC too so glad I watched. God bless.

Simple answer. Do not finish your basement if you are moving in 2 years. I don't care if you use cash or borrow. Save your money. Move in 2 years.

I'm 31 years old, making 28k a year and trying to find a way to get out of my poverty. I started to read books about finance to see if I could make a plan to get out of the situation. I hope it work while I watch your videos as well

Watching these videos keep me on my toes for real . Like Aht…Aht…. don’t you go get a new car & you don’t need one. Even though I’m good at staying on track & not doing foolish things I love watching these type of videos.

I’m a millionaire and I still drive a “pre-graduation” car. 😅 I hate car payments 😂

Watching this at a point of really needing a miracle. Thanks for this teaching. 🙏

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

Preach it! Loved the commentary on class behaviors.

Really love this video I wish it was 10X longer and you ranted and listed more traits

It is very important to help your community to stop the poverty.

I have the unique perspective in that my work brings me within close proximity to the ultra wealthy AND the generational poverty types. I've noticed some differences between the 2. 1: How much you value your time. 2: non formal education ... what do you actually know 3: willingness to learn new things 4: willingness to adapt, especially when shits going bad 5: foresight of your own actions 6: social skills 7: social skills 8: social skills 9: social skills 10: social skills If you wanna be rich... you have to convince people with money to give you their money. You have to convince other rich people to let you work with them. You have to convince people who know what they are doing to work for you.

Amen Dave! Live within your means and save…..only took me 43 years to figure it out.

Yeah I LOVE this checklist. I don’t want to be “normal” like other broke people Don’t lease a car Don’t take out a second mortgage Don’t finance a vacation Paying off my student loans, listening to Dave every day

My tenants can't pay the rent,but they have 2 brand new cars in the driveway.

I can't tell you how much your podcast has and is teaching me. I'm a new listener and am so grateful to God that even at the age of 50 that I started to. I Praise God as I sit in my 2007 Toyota that I bought from a college student, happy as can be because I truly own it. All the best to you and your team.

Guess what folks…if you still have a mortgage on a home or loan on a car….YOU DON’T OWN IT. The bank does

The caller says that they don't understand the point of all this equity in their home - they don't see the point in not being broke.

Great information! I needed to hear this again and get back on track😀

I screwed up and took out a home equity loan and it went from 4.5 percent to 10 percent. We are dying financially now.

Jade and Dave, this was an awesome video! Thank you ❤

Another middle-class mistake that I have observed is charging consumables, especially dining out.

When I got out of college, i had roughly $30,000 debt. I did not own a car at all during high school or college (parents couldnt afford to give me theirs or get one for me). I lived off of the bus system my college and the town used. It sucked but I did it. When i graduated and moved back in with my parents, there was not much of a bus system in my area. The job I got required I be available pretty much whenever needed. I had to get a car. This is what I did: I knew in college I would need a car at some point, so I took out max loans allowed (govt loans/pell) and saved as much of those as I could in back that was not necessary to survive and be educated. So when I got out of college, I was able to take $13000 and outright buy a used 2014 nissan sedan. Nothing fancy, looked to be in good condition and still drove decently, only 14000 miles on it. Had it for about 6 years now and still my only car. Not sure if this was the wisest plan given the ehole situation could have gone sideways, but might be a plan if you need a car after college and want to avoid debt. Note: I worked at a GAS STATION for $10/hr after college full time (40 hours) and picked up a min wage side job to pay off loans faster. So if you can get ANYTHING that pays more for 40 hours regularly than I did, you will be on the same path are far better off than I was - excluding living alone expenses since I lived with family. Note 2: unless you want to teach or do research, avoid psychology as a major. Huge waste of time.

Wow! Accidentally landed on this video and he hit the nail on the head w all of it. I watch friends and family make these same mistakes…..repeatedly…expecting different results. I’m still learning, but at least I haven’t checked allll the mistakes on those boxes 😅

There are a few changes I would like to make to my home. Nothing "needs" to be done though. I am focusing on paying the house off, which should be about four years. ONLY THEN will I look at making any cosmetic upgrades.

No debt aside from medical bills but they only added up to less than 5 grand. Drive old cars , live in a trailer, for now, not by choice. At 57 trying to find my way back to middle class. We've been through alot but well come out of it by Gods help and the decision i make. I don't care to be rich, just to be ok. But you guys are right about what we do with our money puts us in a bad place. Im prime example. Hopefully ive learned from my bad choices and can look forward from here. Thanks for your channel.

What a video. Not one lie told especially about the actions of Poor People.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

This is not what "poor people" do. This is what broke people do. The larger the house, the harder it is to sell because you have a greatly reduced buyer base and the buyers have much higher expectations. You never improve your house beyond the neighborhood its in.

This is AWESOME!!!! GREAT CONTENT!! You Must Change Your Money Spending habits to get your Finances going in the right direction. This statement I saw on a Church Marquee Changed how I handled my Finaces. " It's Hard being Broke and it's Hard to Save, Choose Your Hard" That's When my Discipline Set in🙏❤

I need a daily reaming like this to stay on track.. thank you!

You Dave and Anthony O, have no idea how many lives you are changing every day for the better…with a grateful heart for teaching me how to not only tackle my debts but be money smart…thank you from Edmonton Canada 🇨🇦

Not having an airbag is a real problem, but that doesn't mean that you need a $40,000+ car. I bought a 7-year old Honda Accord 5 years ago my senior year of college for $9,500 and it is still driving great.

Back in 2007 most everyone was using their home as an atm. I had a hard, personal rule never take an equity loan for anything. My friends and family refinanced and took equity loans and were driving nicer cars and taking better vacations than me. When the financial crisis came most of them went broke and bankrupt. I wasn't even underwater. Their Escalade was a burden. My Honda Accord was paid for and I had money in the bank.

This video probably changed my life and put things in perspective. Thank you.

Watching these videos is making me appreciate my life more and more... Being debt free is a luxury in itself... I never realized how much debt people r in

This is hilarious! "We own part of our house (equity). Let's spend it!!!" - Stupid Tax 101.

The big question is if they are planning to move within two years, will the renovations increase the price of the house in excess of the cost of the renovations. Personally, if I were planning to move, I wouldn't go through the hassle of a major renovation unless I was going to realize a significant return on investment.

Just found you and immediately Subscribed. Thank you, thank you, thank you. I have three children's books and ond fiction unpublished, 160 pieces of original art, and some poems and pro's just waiting to make me sustainable. But fear of something keeps me stuck 😢

You're a great team. Thank you for your work!

I was listening to Dave back in the '90s on 99.7 in Nashville. I was up to my eyeballs in debt and wanted out. It took me a few years but I paid everything off and haven't borrowed anything since a house in 2004 (which has been paid off since 2012). It's insane how fast you can amass money with a decent job and no payments. Now I admit Dave would probably frown on my number of toys, but they all were bought with cash. He also probably wouldn't like me buying a brand new 2024 GMC truck, but I paid cash for it.

I am learning this in my 40s oh my it has been eye opening...I need to tech my kiddos this.

This was soooo timely thank you all

Home improvements DO boost equity in the home, but it will take a LONG time before the increase in equity outweighs what you spent for the upgrades.

We need more of Dave on the mic telling it how it is 🙏🙏🙏

WOW! We all need to hear this!!!

Love this advice! Rn I'm stuck in that middle class behavior. Starting to transition to rich people behavior. Paid off 1 car... 1 to go.

I would only use the loan if you can afford to pay a large chunk of the loan each month. If you can pay off the loan in a year or less. But Dave is correct, don't do it if you only pay interest.

2022 was a hell of a year, I have made $150,000 before taxes as the sole breadwinner and head of household. This is a great starting point and I’m very aware how blessed we are to be in this position, but I’m always looking ahead on how to improve. I currently have $88K left in student loans (originally close to $150K) and very little credit card debt (less than $2K with more than $25K available). I have two auto loans totaling $100K for two electric vehicles at 5% interest. I will appreciate suggestions from anyone who has been in same shoes on how to go about them

I received a letter from my bank many years ago offering me to cash out my CD's early without penalty. They were purchased at a high interest rate and rates were in the gutter. And I laughed and let them mature.

As I 'm learning to be an underwriter, anything that is below grade (below ground level) adds nothing to the property appraisal. Nothing is stopping from doing it, but don't expect a return.

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

Why!! Honestly!!! Why would you call Dave Ramsey and ask him about taking out a loan? Are you new to this planet?

I wish this program was on when I was in high school and college. I'm just learning this just mid way into my university, through my accounting/marketing classes.

I don’t have much debt under $5,000 total between my wife and I. We drive vehicles that we bought out right and as a mechanic we do save a lot with my knowledge and labor when it comes to vehicle maintenance/repair. We don’t save much though and don’t quite live check to check but we spend too much on the weekends with the kids and such. We rent but are working towards buying a house for under $150,000. I just started contributing to our works 401K plan and they match up to 3% gross so I just started doing the maximum amount I can and still have them match. Dave’s advice is well needed.

Omg. Dave’s hilarious when he’s in it. Get the life insurance agent out of your living room with your stick 😂😂😂 get out 😂😂