Dave would probably be pretty disappointed I bought his book on credit.
@lifewitholga_5 жыл бұрын
🤣
@joselemus52945 жыл бұрын
Hahaha that's funny, you should ask for the refund.
@tonyunderwood94384 жыл бұрын
I'm sure if you told him he'd immediately refund your money. ;-)
@BiggSneaddd4 жыл бұрын
U can't. They don't accept credit cards.
@inthevault96034 жыл бұрын
That is the ultimate irony if I’ve ever heard one. 😂
@catherinep47075 жыл бұрын
"You have four dollars to your name" Dave is the ultimate savage 😂😂😂
@mannyjeanpierre40625 жыл бұрын
Lol I laughed to that statement too
@JustinGoodwin845 жыл бұрын
Yes, he beat that strawman half to death! Thankfully most of what he said was just his imagination and that is the reason he couldn't provide any sources for the allegations he made.
@pault7265 жыл бұрын
@@JustinGoodwin84 You go, Justin. Keep getting your airline miles. Read some of Dave's books. He cites sources galore.
@mickeytollison5 жыл бұрын
@@JustinGoodwin84 His source is millions of broke Americans.
@christi34115 жыл бұрын
Truth, and I can't get enough!
@rodmandinho34344 жыл бұрын
When you tell your dad you’re getting a credit card
@josmalig-on29074 жыл бұрын
Stores increase their prices slightly to cover the cost of accepting credit cards, so you’re literally throwing money away every time you use cash
@RachelMaegrace3 жыл бұрын
Literally my dad
@Superbl0bby3 жыл бұрын
Basically my mom when I told her I wanted to build my credit score xD
@Scottallen08133 жыл бұрын
Jos Malig-on you sound exactly like someone who’s in debt and denial congratulations they only scam people who use credit cards maybe pay off your debt before blaming others for your bad financial decisions and have a great day!
@thepack50183 жыл бұрын
If my future son ever comes to me and says "dad, I got a credit card" I would HIGH-FIVE him because I guarantee you that I will raise my kid to actually be good with money unlike most of Dave's followers. And before he is even old enough to have a credit card in his own name, I will add him as an authorized user to my card so he'll have a MAJOR jump in the game. Trust me, my son will know to: pay the balance in full before its due to avoid interest, never overspend, and save up those points and cashback for a 100% free vacation. Because unlike Dave's followers, personally I've never overspent and I never paid interest in years since I opened my first card.
@wordlife19974 жыл бұрын
My biceps are getting outta control from constantly ripping up credit card offers I recieve.
@nathanielaranda84074 жыл бұрын
Get a shredder 😂 that will make it quicker 😂
@shaner20374 жыл бұрын
Tear up all the paperwork and put it in their prepaid envelope and mail it back to them. I get almost no offers anymore.
@GLURDLESCLETCH4 жыл бұрын
Shane R thank you Shane this is my new favorite idea
@eileeneclark90114 жыл бұрын
8/15/20....THAT's what I do...I tear up the offer AFTER I HIGHLIGHT my name/address. Then I mail it back so the ppl GET TO PAY POSTAGE BOTH WAYS! NICE thing about C-19 + lockdown + ppl losing jobs... lots less credit card offers being sent out b/c of economy!
@US_ARMY_25_INF._DIV.4 жыл бұрын
hahaha awesome
@mattpalmq5 жыл бұрын
Net worth of $4? I think you're overestimating. I'm pretty sure majority of Americans net worth is in the negative due to student loans and credit card debt.
@JK202395 жыл бұрын
We are in a debt based economy. If we got rid of our debts, there would be 0 dollars in circulation
@MilanBroz5 жыл бұрын
@@JK20239 There would be more money to spend, not 0.
@marcthomas44885 жыл бұрын
@@JK20239 that's actually not true monetarily..... money supply may contract significantly. but it would not
@stefanfreestylez4 жыл бұрын
Yeuuuup
@blackworldtraveler37114 жыл бұрын
Josh I don't have debt.
@barttfisher2 ай бұрын
I am trying to avoid making any new buys at this point in order not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article about people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
@PennyBergeron-os4ch2 ай бұрын
The markets right now might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@FinnBraylon2 ай бұрын
Yes. It is very easy to buy trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit
@HildaBennet2 ай бұрын
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@FinnBraylon2 ай бұрын
My fiduciary is Sonya Lee Mitchell. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@HildaBennet2 ай бұрын
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your pointers
@biggreens78405 жыл бұрын
No matter the form of payment , if a person have bad money management then they have bad money management.
@JA-re8gi5 жыл бұрын
Correct
@ramirenriquez67955 жыл бұрын
True and the world is just finding new ways to make us think we need what it offers, we can't just stay at home or at work and say you're not intrigued by something you see online/tv/social media. we'll always be tested and the slope is slippery.
@1463485 жыл бұрын
*Exactly!!!!*
@laughteraddict10035 жыл бұрын
Agreed. Cash runs out or you reach your credit limit.
@tomgeorgestory5 жыл бұрын
@@ramirenriquez6795 the slope isnt slippery. Its called controlling your impulses.
@adubproductions96764 жыл бұрын
"You're not even pulling the receipt of the thing. I know cause when I pull up, your stupid receipt is still hanging there" 😂😂😂😂
@TheLottoKing5 жыл бұрын
Dave just yelled at us, going to sit in the corner now!
@notmebutyou83505 жыл бұрын
😂😂😂😂😂
@sylviabell-berry88415 жыл бұрын
OUCH!!
@blackworldtraveler37114 жыл бұрын
The Lotto King Not at me. I never filed for bankruptcy like he did.
@SAreamusic12 ай бұрын
You are in Timeout! Lol
@marlynsantos96774 жыл бұрын
"You're so freaking excited about your free trip to Europe that's not free." 😭😂😂😂
@bbenjers4 жыл бұрын
Here’s my notes🤓: - 78% don’t pay a cc off a month. 22% pay it off - Avg. 12-20% more w/ cc, ie at a vending machine it’s 178% more - Reduces emotional friction; it’s a rigged game, 90% of airline miles are never redeemed - Pay w/ a debit card not a cc - Pain gives a memory, which is why people who use cash remember what’s spent - The more $ you make, the more credit card debt you have - Ramsey teaches discipline & even he falls into the trap of spending more w/ plastic
@LoneWolf1985BK3 жыл бұрын
A lot easier to get reimbursed if your account gets hacked compared to debit card directly to your bank account. The credit card is a middle man hard stop to your actual bank account. You need to be disciplined to use a credit card though.
@tommytometich14794 жыл бұрын
Dave, I took your course in 2005, cut up my credit cards and went cash only. Raising three kids, we were drowning in credit card debt. Best thing that could have happened to us. Our kids are now adults and also pay for things in cash. Amazing how much stress was relieved going cash. Thank you for your realistic voice of reason.
@amgooder Жыл бұрын
Credit cards are like🔪 use them the wrong way ...and you will get cut. Plastic is not for the weak🧠... I always pay them off early, I am NOT..going to pay interest ever.
@helenhilton21587 ай бұрын
@amgooder, I said the same thing about my credit cards--pay off total balance each month, no interest to pay--UNTIL I hit an unexpected financial snag and lost most of my income. 6 1/2 years ago, I hit rock bottom financially and have been climbing out of the pit ever since. After maxing out my credit cards just for basic necessities like rent and utilities, I had no choice but to go cash only. One of the most liberating things I have ever done was to cut up my credit cards and say, "never again!" I'm still in the process of paying off my final credit card. That day will be a weight lifted off my shoulders. We never know what can happen to turn us on our heads financially in spite of our best intentions.
@starsky10127 ай бұрын
That's just because you don't have any discipline with credit cards. That doesn't mean they're necessarily bad.
@arienfox4 ай бұрын
That's excellent! Congratulations.
@Evita_Raylena5 жыл бұрын
Anyone else feel like their dad just yelled at them for the first time?!? 😩
@adubproductions96764 жыл бұрын
"Delta is Greek for we're not taking you there, we just said we were." 😂😂😂😂
@ThaBloodWitch5 жыл бұрын
I personally feel cash slips through my fingers more easily, but every time I use my debit card it registers in my brain that it's directly touching my bank balance and sometimes I feel like that makes me more cautious.
@matthew81534 жыл бұрын
Stephanie I’m the same way. But that probably comes from being a cashier as a teenager. It desensitizes you.
@mrjones42494 жыл бұрын
Cash slips through my fingers also but cards were a bigger threat to me. I started step 2 a few months ago and it has magnified my self discipline. I utterly despise debt now and this process has changed me.
@beefen79214 жыл бұрын
yes same. when I use my debit card, I get the "OUCHY" moment lol.
@ashleym61554 жыл бұрын
Same! Cash is like free money. I think from all my years babysitting it was always extra money to me. The amount in my bank account doesn’t change when I spend it. I’ve always budgeted since I was a teen though so I’m probably not typical in general.
@YPEFFLE4 жыл бұрын
Agree, I've been using credit cards responsibly since 18. 0 debt
@mikemayo48125 жыл бұрын
I'm just the opposite. If I have cash, it burns a hole in my pocket. Seeing a credit card balance activates the pain centers in my brain.
@Rahmonic5 жыл бұрын
lol same
@Vincent-gp2wm5 жыл бұрын
Mike Mayo same
@mattpalmq5 жыл бұрын
Mike Mayo yep. Cash feels like money I don't really need and can "throw away" on whatever I want
@G4RCI4S4NT0S5 жыл бұрын
I thought I was the only one that was opposite. Lol.
@aberose74055 жыл бұрын
That's true, but you don't feel the pain when you swipe, you only feel it when you look at the balance and then it's to late.
@dextermorgan41725 жыл бұрын
I've saved hundreds of dollars thanks to the bonuses and cash back rewards plus 2% cash back on every purchase and 5% cash back on revolving categories. I pay it off in full every month and only use it on stuff I would have payed cash/debit card anyways.. it's called having discipline and common sense.. it's not that hard. Edit: Thanks Graham
@robertmontgomery71585 жыл бұрын
Dexter Morgan I do exactly what you do.
@markdesign13545 жыл бұрын
This video is not for you, it is for the 78%
@alexc53695 жыл бұрын
You know why the yankees always win? Because the other team is busy watching the pin stripes. You know why the credit card companies always win? Because you are busy watching your points and cash back
@dextermorgan41725 жыл бұрын
@@alexc5369 lol not at all. The credit cards I get have a sign up bonus of $150 to $250 cash back after you spend $500-$1000 in the first 3 months on the card. I use them on things I have to/normally buy anyways but I pay them off in full and collect the cash back and have never paid a dime in interest.. the credit card companies only win against the majority of ppl that don't know how to manage money or pay their bill on time.
@bcgenius1565 жыл бұрын
Sorry Dexter but I disagree. Let's say you wanted to buy a pair of shoes. You tell yourself you want to spend $100 for the new pair. You find shoes for $89.99 plus tax and let's say it comes to $110. You would justify it by saying whatever it's an extra 10 bucks more, no big deal, use your credit card. Even if you go on your phone and pay your CC off the second you leave the store, you just paid 10 bucks more than you wanted to. Even though you didn't go into debt doing so, you just spent more. Versus if you walked into the store with $100 bill to buy shoes you're not gonna spend even $105 on the new pair.
@afriendindeed36602 жыл бұрын
My family has paid off 20k debt in a month taking our original savings for a home and putting most of it there. What a relief this has been for my family. Finally going to be debt free by the end of the year. Never going back to this.
@lighningshock3 жыл бұрын
Can you imagine being the gas station skimmer that gets Dave Ramsey's debit card info?
@ktee14035 жыл бұрын
When I was just out of college my great grandma on the east coast was turning 100 and i wanted to visit her. I didn't have the cash to travel so I applied for used a credit card to visit her on the east coast. She passed away a year later. To this day I do not regret using a credit card for that trip!
@girlfriend6774 жыл бұрын
Well even Dave says he's guilty of it, and says he'll do it again-- for the grandbabies lol. It's more trying to minimize that stuff. Sorry 'bout your Grand...
@keithc63704 жыл бұрын
That's one of those situations where you've got to make a call you can live with. Hopefully you paid it off and cancelled it though.
@goodgood99554 жыл бұрын
Did u get her a gift?
@jayhillz37054 ай бұрын
And you probably still owe till this day…
@georgev33205 жыл бұрын
Comment section: DAVE RAMSEY FANS vs CREDIT CARD USERS
@yourmomsaccountant4 жыл бұрын
This comment should be at the very top.
@MrNGTfan1234 жыл бұрын
George V DAVE RAMSEY 🐑 vs financially literate people.
@sadlifesock84734 жыл бұрын
@@MrNGTfan123 because you're beating the credit card companies?
@MrNGTfan1234 жыл бұрын
Malicemaniacman nice you quoted exactly what a man said on the internet, wow I’m impressed we have a smart one here ladies and gentlemen 😂
@sadlifesock84734 жыл бұрын
@@MrNGTfan123 wow, you could've saved yourself some typing by admitting I am right. What a petulant person. Good look man.
@ofc503 жыл бұрын
I used to be in the 78%. I'm now in the 22% and have cut our family spending 20%. We have paid off all our credit card debt and have saved 85k since March of this year.
@Surfer0412 жыл бұрын
Way to go. I did my debt free scream three years ago. Yeah I still use CCs, but I pay them before the cut dates.
@ryanthepianoman272 жыл бұрын
How’s that possible? Your income must be very high
@ofc502 жыл бұрын
@@ryanthepianoman27 We do make a good chunk of change but we were not disciplined with our money. We spent as much as we brought home. Once I cut spending and put us on a budget the money piled up.
@F3Zzii5 жыл бұрын
Stop the preview at the beginning. Keep the old format
@Jay-pf2cn5 жыл бұрын
I kinda like it. Seems to be trending with other KZfaq videos.
@slyfoxx29735 жыл бұрын
Agreed. Just get down to business.
@angel0island0ninja5 жыл бұрын
I don't like it here or in other videos, it just gets me in the habit of skipping ahead immediately
@Garebare15 жыл бұрын
It spoils the video and then when that part actually happens I just forward it Bc I already listened to it. It’s annoying
@wk38205 жыл бұрын
Agreed
@eb1266 Жыл бұрын
I'm glad that you tell the truth, no matter what or who gets their feelings hurt. Thank you Dave.
@jc_dogen Жыл бұрын
it's bullshit. just don't be a baby and use your credit card exactly as you use cash or debit cards. some percentage of the population might have a spending problem with credit but not everyone.
@SavageBunny15 жыл бұрын
I mean even Apple has their own credit cards, it must be a good business.
@Ryan_DeWitt5 жыл бұрын
It is good business. Hence the 78% they make a lot of money off. Way more than enough to cover the people that don't. Even on those people, they make a tiny bit of $ off of the fees they charge merchants. They only lose $ when someone defaults and they can't collect or someone steals a credit card and they eat the cost. However that is just standard bad debt, some call it breakage and a cost all businesses have.
@miketsypan52845 жыл бұрын
very good business... for the lender
@whatupdoe36235 жыл бұрын
Indeed, I like their credit card. 2% back on everything I great. I most I’ve ever had for everything was 1.25%
@enriquepadilla25425 жыл бұрын
@@whatupdoe3623 everything with apple pay only
@UnknownUnknown-tu3be4 жыл бұрын
They have a credit card now because they want the Apple consumers to rely on them completely and never leave the ecosystem. Like google with their phone service.
@themasterteacher5 жыл бұрын
This month I have paid off and closed three credit cards 💳. Two more to go. My foco score falling fast 💨 and I couldn’t be happier.
@huggyuk5 жыл бұрын
dnizus Way to go!👍
@kebinyo5 жыл бұрын
@Michel Houellebecq if you're planning to never borrow money again, who cares what your credit score is?
@themasterteacher5 жыл бұрын
Michel Houellebecq true but sadly I was part of the 78%. I had a 790 fico score in April/May. I now have a 566. I closed a 17 year old account with about $17,000 in credit. It hit hard when I realized my savings didn’t match my credit score.
@user-cv3gd2wr5q5 жыл бұрын
Michel Houellebecq LoL that’s lame! But whatever...continue on down that road.
@mikenelson83775 жыл бұрын
Michel Houellebecq it only affects those things because if you have debt, they know you need the job. But if you don’t have any debt, then technically they see you don’t ‘need’ the job. Think about it
@dxnielmonte5 жыл бұрын
Lol “we got Mickey moused”
@edwardrhoads72834 жыл бұрын
There is a Disney card now.... Saves you 10 percent at disney stores and gets you into special areas at disneyworld...
@fishyfishfins13474 ай бұрын
that got me too 😂
@charlesyoung99805 жыл бұрын
He's actually correct. I went grocery shopping today. Took 60 bucks with me. At the checkout, the total was 71 dollars. Had I had my credit card, I would've just used that. But, because I had cash, I had to put stuff back. Dave is correct, you'll overspend using plastic. Use paper.
@openwheelracing885 жыл бұрын
If you.went to check out line with 71 worth of stuff with only $60 to spend then your problem is not credit card to begin with. Dave Ramsay blames credit cards because he can't directly call his sheep morons.
@jacklyndawson68734 жыл бұрын
SMH at this logic
@blackworldtraveler37114 жыл бұрын
Ed Jones I like keeping a $1500 cash balance on my credit card and buy what I want.
@Bnhuskins Жыл бұрын
Ignorant logic.
@loganmedia1142 Жыл бұрын
I'd just draw more, because the same card I use to draw from an ATM can be used to draw money in the supermarket. Also I already know approximately what I am going to spend before I get to the till.
@fleurelise9975 жыл бұрын
"We got Mickey Moused" 😂😂😂😂 I know many commentators say Dave is too extreme in his views on CC, but the trillion dollar cc debt shows that lots of ppl are getting mickeyed up.
@briancross66205 жыл бұрын
I wish Graham Stephen would watch this😂
@nicoletara3535 жыл бұрын
Right 😂
@user-zd9fc4vs4q5 жыл бұрын
He obviously will
@mannyjeanpierre40625 жыл бұрын
Lol he's the anti Ramsey.
@xrlben5 жыл бұрын
I wish Graham understood this 😂😂😂
@user-zd9fc4vs4q5 жыл бұрын
@@xrlben lol I disagree with Dave Ramsey here & agree with Graham Stephon much more. Though I'm not rich, my net worth is only $4.
@LG123ABC5 жыл бұрын
Yeah, but I don't buy more gasoline because I'm paying at the pump with plastic. I fill up my tank when it needs it -- whether I'm paying with cash or credit.
@Myfrugallife5 жыл бұрын
Exactly. Same for me. Same with everything, food and other stuff.
@bjcj1235 жыл бұрын
If you only had $20 in your wallet you wouldn't spend over $20.
@marcdonvito64855 жыл бұрын
@@bjcj123 And then you would run out of gas on the highway.
@stayathomemarine5 жыл бұрын
@@marcdonvito6485 No. Then you would go home and not do anything besides drive to and from work until you get paid next. Frugal people stay home and not drive anywhere because that spends money
@bjcj1235 жыл бұрын
The point is stick to a budget. The whole point of the envelope system is to limit spending on a category. The idea of only having $20 in your wallet is an analogy for having a budget. With plastic it is a lot easier to "dip" into other envelopes i.e. spending categories. If your card said declined because you overspent on that budget category then you would spend less. A good example is today I went and bought fruit and veg and deliberately only took $100. Guess how much the bill came to... $103.85. I said to the cashier "can I take the spinach back", to which she replied, "no $100 is fine" (we live in the country; people are very friendly and generous). Keep to a budget, use cash or a cash equivalent mentality along with a budget. You will save, guaranteed!
@9StickNate4 жыл бұрын
I remember starting college in 1992 at 18y old, making about 9k year. I got my first credit card from BOA. My credit line was either 20k or 30k with an introductory rate of 0%. I thought I was special. How naive I was! It took me about 9 years to pay off that BS.
@ryanthepianoman272 жыл бұрын
Wow your rich!
@Dontagerivera397 ай бұрын
That's because you was young. I think one credit card with 20k limit is fine.
@leod.44015 жыл бұрын
I feel the pain regardless--paper or plastic.
@dafeck55742 жыл бұрын
Debit card is the way. With cash, I hate holding loose change and eventually forgetting about them
@motorcyclemichael21824 жыл бұрын
My wife and I cut up 4 c cards on 1/1/2020!! 👍🏻 Now to get emergency fund fully funded, then on to step 2 🤞🏻
@mattdomagala3 жыл бұрын
How’s it going? I’m also on step 2. Push through!
@del_j41062 жыл бұрын
And then pandemic happened
@kevinalmiron86934 жыл бұрын
i got 6 credit cards a 740 credit score and still keep my credit utilization low. I use credit cards to spend money i would be spending anyways. they are not bad if you know how to use them. now if you DONT know how to use them you max them out and pay the minumum of course they are bad. it depends on how YOU use them!
@ibealion13 жыл бұрын
"Knowing how to use them" does not equal "Spending only what you should/can".
@kevinalmiron86933 жыл бұрын
@@ibealion1 well that's why you should using them in things you would be spending anyways.
@nicholaspinedo96753 жыл бұрын
@@ibealion1 it does because that’s how you should use them. Treat them like cash.
@Zandi333892 жыл бұрын
So why do u need them if you can use a debit card. Because if you ever forget to pay then you incur a charge.
@jaredfrazier22162 жыл бұрын
@@Zandi33389 stop reaching bro lol
@theBSisreal4 жыл бұрын
I found this out the hard way. I noticed that when I use plastic when I go out I spend more money because you don't see it or feel the pain like you say. Now I take out a set amount that I am going to spend and that's it.
@briank3754 Жыл бұрын
Just paid a $21000 capital gains tax and I’m glad it was paid through direct debit. Having to drive to my local IRS office with a briefcase full of cash would have hurt like nothing else. Another great video Dave, I’ve switched to cash for almost everything and I spend so much less now. I spend a lot more time thinking about my purchases.
@teaedwards3804 Жыл бұрын
Got a “free” round trip to Savannah, GA through Southwest CC. Paid OVER $1,500 while there for hotel and food. Used the SAME credit card to pay for it....I got a “PhD in D.U.M.B.” Just like Dave said....kicking myself to this day ! It’s a vicious cycle that CC companies have us in if we’re not smart.
@Devinfrbs5 жыл бұрын
I'm a programmer. I coded something that sends me a daily budget using the banks automated notifications. When I'm over the budget, my credit card doesn't work unless I actually sign in and authorize more spending which I only do in emergencies. Every transaction sends me a text with how it affected my budget and what remains for the day. The best discipline is making your system not require discipline. So. I spend exactly what I want to as laid out in my budget. If I overspend today I can't spend tomorrow. However, his advice works for the vast majority of people and that's why he is 100% correct in this segment.
@JB-tr2un5 жыл бұрын
I use credit cards and don't pay interest nor do I spend more to chase points or cashback. I use a credit card for purchases I was going to make anyway, and already have the $ for in my checking account to pay off the balance in full.
@mkite7153 жыл бұрын
Sounds like a lot of wasted energy to just get some points or cash back.
@ludens15265 жыл бұрын
It doesn’t sit right with me to spend money I don’t have. It’s insane to me to the point I won’t date someone who’s in debt. It’s simple buy what you can afford or save up to the point where you can buy it twice. You don’t need the most expensive car or whatever
@euenfheiejrj5 жыл бұрын
Ludens you can have the money and use a credit card. I don’t buy anything if I don’t have the money but I use a credit card. I have no debt and excellent credit. I use my credit card like a debit card but I get extra benefits from it.
@inthevault96034 жыл бұрын
And don’t date anyone with a child/children and/or married before. It’s nothing but trouble both financially and emotionally.
@mikepawlikguitar3 жыл бұрын
Dating someone who's in debt sounds like a disaster. Dating someone who's in debt and they don't know how much is a catastrophe. Dating someone who's in debt, who doesn't know how much, and who doesn't have a plan sounds apocalyptic. I would NEVER date someone who is in debt. Period.
@SAAN275 жыл бұрын
I use my credit card to pay for food and gas and my bills, that I would pay off monthly anyway, so I use those points every year for sorts of free stuff. It all comes down to personal responsibility
@Yewon20014 жыл бұрын
Maybe you buy the more expensive brand to get the miles/points/whatever.
@SAAN274 жыл бұрын
@@Yewon2001 naw, I'm cheap lol
@jollama2 жыл бұрын
@@Yewon2001 ratioed
@jaredfrazier22162 жыл бұрын
@@Yewon2001 stop reaching. Not everything is an argument
@gracieluf424 Жыл бұрын
@@jaredfrazier2216 exactly, just how Dave can’t wrap his head around all those “stupid people” as he calls them , that get into debt, there are also some of us who are debt-free and can responsibility manage our finances. People can’t wrap their head around that one either 🤷🏻♀️
@enigmathegrayman29535 жыл бұрын
Credit cards ultimately cost you your freedom and sanity, ALWAYS WORRYING about the due date, and ALWAYS WORKING to pay off the balance.
@yourmanzach23075 жыл бұрын
Its just like a debit card you just have to log into your app and pay off once a week. No worries.
@user-cv3gd2wr5q5 жыл бұрын
zackychan finacial no it isn’t!
@Ryan_DeWitt5 жыл бұрын
All bills have a due date. Pay off the balance in full just as you do any other bill. You can even setup auto payment for the balance if you like. If you spend less than you make, this should never be an issue.
@30minutesLess5 жыл бұрын
If you can’t manage a few tiny credit cards then you certainly can’t handle the work load of having your own business
@enigmathegrayman29535 жыл бұрын
Ryan De Witt If it wasn’t an issue Dave Ramsey wouldn’t be in business. Apparently it’s not a problem for you since it’s not an issue.
@DEM789765 жыл бұрын
For those of us disciplined enough to not overspend I'd say you're wrong. Haven't paid for a single flight in over 5 years thanks to my AMEX
@kevinrojas31315 жыл бұрын
And the added "flex" value is also a perk
@jerrygee9415 жыл бұрын
You wouldn’t go on any flights and waste money on vacation if you didn’t have the points. You spend more money on the vacation than the flights so even though you save on the flight you are still spending. It’s about behavior. If you didn’t have a credit card you would be spending less money on vacations and more on paying off debt. Statistically.
@DEM789765 жыл бұрын
@@jerrygee941 Agreed, it's all about behavior. I'd probably still be traveling just the same as I have 0 debt and can afford to do so without the rewards. The fact that I'm leveraging reward points by utilizing a charge card that I pay in full every month is being savvy by using one card vs another. Once the behavior is in place, the rest is secondary.
@RKmndo4 жыл бұрын
@@jerrygee941 What debt? I have no CC balance carried, but I DO have rewards points, so...my CC owes ME. I have no student loans, but I have a degree, a veteran's grant, and tuition reimbursement from work. I have no vehicle loans. I have an emergency fund and other savings. I'm getting vested in a pension fund AND I put into a 401K and IRA. I have 2 jobs and I'm starting a side business. I think I can afford a simple vacation now and then.
@Yewon20014 жыл бұрын
Do you own your own home without a mortgage? If not, shut up and listen to Dave
@carlosgutierrez27895 жыл бұрын
If you have a thing called self control then this doesn't apply.
@JuanCarlos-sd3xx5 жыл бұрын
Dave caters to people who don’t have self control that’s why he preaches this so much
@Ryan_DeWitt5 жыл бұрын
@@JuanCarlos-sd3xx Yes, Dave's as I like to say, deals with "financial alcoholics" all day. When you do this, you tend to look at things differently.
@markg9995 жыл бұрын
Many of Dave's followers are recovering from consumer debt. I'm not but still like financial talk. Those that had past cc debt have spending issues and should avoid a cc as they proved in past the have lack of impulse control.
@neog.60485 жыл бұрын
“Your net worth is 4 dollars”🤣🤣🤣 I love Dave
@summerjoy2474 ай бұрын
🤣🤣🤣
@InvestingHustler5 жыл бұрын
My credit card costs me absolutely nothing. I use my credit cards for things I would normally use cash for . Like groceries/food gas phone bills etc. I pay everything off in full by the end of the month and earn free points pay no interest. Yes some people don’t have the discipline to not spend more then what they need but I’m sure there’s a lot of people out there like myself who don’t.
@c103110a5 жыл бұрын
I do the same thing and get cash back for every purchase. In December of each year, I cash out: It's free money. My guess is that the credit card company makes enough money in interest off other people that they can afford to give me free money each year. A debit card gives me no free cash back. Sorry Dave.
@nathanbrutal41835 жыл бұрын
7:34
@huggyuk5 жыл бұрын
Investing Hustler The truth is, credit cards are not aimed at people like you, as the issuing bank will not be making any money. They’re aimed at normal people like me.
@S34Mii5 жыл бұрын
This is the only area I disagree with ya Dave. I'm very responsible with my Credit Card and what I use it for. Full balance paid off every month. Every other part of your program I think is great.
@themasterteacher5 жыл бұрын
Trey2Da yes your are some of the FEW people whom of which use credit responsibly. The cigarette 🚬 was an excellent example. Not everyone dies of cigarettes 🚬 but MOST people that smoke 💨 ultimately have poor health. Most people do not use credit resources responsibly.
@alexc53695 жыл бұрын
You can still over spend even if you pay it off
@GBU615 жыл бұрын
I really like the overall philosophy that he preaches. His big emphasis is live within your means and pay attention to what you spend. The only issue I have is Dave has a “one size fits all” philosophy. I wish he would acknowledge that there is more than one way to manage money. A disciplined person will do fine with money and with other life decisions.
@blacksmith03164 жыл бұрын
95% of the people who this show caters to have no financial discipline. If someone knows there are other ways to achieve financial freedom, they do not need to hear Dave Ramsey say it. This is his show and his personal philosophy.
@gonnahavemesomefun10 ай бұрын
I agree so much I thought this comment was by me as I read 5 words in haha. I use a credit card to buy online. I record each purchase in a spreadsheet. I pay off the balance using the money I would have withdrawn for the purhase. I use a separate credit card purely for my work expenses. Credit card work. But I do understand that Dave is preaching to those that aren't good with money, so from that perspective they are dangerous. I once racked up credit card debt when my bank gave me one as a student - they must have made a load out of me! EDIT: I continued to listen to Dave and I think he's right lol. It's the pain thing. Even when I use my credit card and register the payment on my spreadsheet, it doesn't cause any pain in my bank account. Hmmmm. I need to rethink this I think!
@summerjoy2474 ай бұрын
Sometimes he can be tough to budge but at least he’s basing it on data/studies and not his own stubbornness 🤷♀️ His plan is tried and true
@SixDogsMusic5 жыл бұрын
He's 100% right in the long run. Doesn't matter about your bonuses or points. If you keep too many cards and make a lot you're going to be tempted to overspend. Admit it.
@ariefraiser1405 жыл бұрын
Not me at all. No other debt except mortgage and pay off credit cards every single month for the past 10 years now. And take $3000 worth of airline miles a year.....I can give a flip about Dave's study. I know my life and how I manage and treat money.
@lizziemartin61135 жыл бұрын
Arie Fraiser You may be the exception but face it...most people don’t know how to work a credit card. And I mean work it like play a game back with it.
@stayathomemarine5 жыл бұрын
@@ariefraiser140 You may pay off your credit cards every month but statistics show you spend more initially using a credit card vs a regular debit card.
@ariefraiser1405 жыл бұрын
@@lizziemartin6113 Part of the problem with the study Dave keeps citing is it looks at the ENTIRE US population. Those that are horrible with credit cards and money management as well as those that are highly successful. If there were to do a study of those on the FIRE movement it would be vastly different results. Even with the study Dave used there are still 22% of credit card users who pay off their card every month. 22%. Do a study of credit card users who are responsible users and get back to me.
@ariefraiser1405 жыл бұрын
@@stayathomemarine FALSE!.... I have a budget and I stick to it. It's NOT that hard. Besides the majority of my credit card use is automated payment of monthly bills such as cellphone, electricity, internet. And then the card is automatically set to be paid in full every month. Groceries are paid with the card and haven't gone overbudget except twice in the past 10 years. Everything is budgeted. Payments in full are automated. I don't understand how that's so hard for responsible people who budget.
@roblayton31905 жыл бұрын
Dave Ramsey assumes that just because certain people are not responsible with cards, none of us should be using them. CCs and a credit score are tools that can be used to your advantage. Responsible spenders don't need to play psychological tricks on themselves because they are disciplined and motivated to reach their financial goals. No matter how many fits Dave Ramsey throws, people are going to continue to call this bad advice. Same as the marriage advice he gives out, having only one side of the argument on a 5 minute phone call.
@dannyledezma74752 жыл бұрын
Call Dave Ramsey and tell this exactly see what he says lol
@davidhodge85095 жыл бұрын
I have ZERO debt and use my credit card for everything. Have been doing this for 9 years now. I’ve never paid a penny in interest or fees. I stick to a very strict budget that doesn’t changed whether I use my credit card or debit card. I earn around $500 a year from this which is currently going toward my savings account I’m putting toward a rental property. I think Dave is just talking to the wrong people.
@zmack18305 жыл бұрын
You nailed it David!!
@cainsey-79225 жыл бұрын
Yeah Dave talks to all the wrong people. Hes just old and thinks hes right about everything.
@bebop5045 жыл бұрын
Which credit card do you use
@cruderschmidt5 жыл бұрын
So... assuming you get the average 2-5%, you spent.. $10,000 -$25,000 on your credit card, or roughly $850-2100 per month . If you put $10,000/year in an S&P index fund (which has averaged 10% since its inception), in 30 years you'd have $1,899,437.77. But sure, enjoy your $15,000 in points.
@angel0island0ninja5 жыл бұрын
@@macebrooks Ramsey is correct on this. Using a card for one year vs using cash, the card will spend more on the exact same items
@Garebare15 жыл бұрын
If you’re actually smart and responsible with spending and budgeting assigning every dollar each month, and use a credit card and pay it off monthly and gather the miles as a bonus, then I don’t see what’s so wrong with that I’m a cheapskate I don’t buy anything more than I have to and credit cards do not make me spend more than I should and I always make sure I have the money to pay for items I already budgeted for. And I get free miles Also debt free
@0oChrisHBKo05 жыл бұрын
Garret you’re who he is talking about
@MrJimmy34595 жыл бұрын
Sheep
@Garebare15 жыл бұрын
Chris Flores no actually I’m not. He’s assuming if u use a credit card u will automatically spend more money just so you’ll get more miles racked up. What I’m saying is my lifestyle would be EXACTLY the same if I use cash only or credit card only Bc I’m actually mature enough to handle money responsibly and I realize that the benefits credit cards give like flying miles is just extra to me and doesn’t influence my spending decisions
@Tyluh6085 жыл бұрын
If you have to use credit card to buy something EVER you are spending more than you need to, otherwise you would use cash right??? And if you don't have the cash you can't afford it. You can afford the payment not the product.
@AmberU5 жыл бұрын
Garret thats because most ppl do spend more if u look at stats on consumer debt
@Krissy_K8884 жыл бұрын
I used my debit card and to activate the pain centres I wrote down every dime I spent. Also, I had a budget. It worked great, I learned to really think about every purchase and what I need vs what I just want.
@loganmedia1142 Жыл бұрын
I don't need to write it down, because I get a notification after each transaction, although I do put it into a spreadsheet, so I can run my total against my bank's at the end of each month.
@Krissy_K888 Жыл бұрын
@Sober Gnostic It wasn't bad at all. I was just learning behavior by utilizing my senses. It was a grounding experience. I don't do it anymore because the lesson is learned and I benefit from it every day.
@GenTankman5 жыл бұрын
I use credit cards for every purchase and I could tell you what I spend on everything and I watch gas prices like a hawk. Difference though is that you are buying that gas getting no cash back. I'm buying that gas getting 5% cash back. So I'm the winner there. I use my credit cards for only what I've budgeted and I've never gone over my budget
@alexc53695 жыл бұрын
May i ask why you use a credit card though ? Cashback or points?
@GenTankman5 жыл бұрын
@@alexc5369 cash back mainly. I don't travel so I have no need for that. I have 14 credit cards atm. Card utilization is 0% and I get between 2%-10% back on all my purchases
@GenTankman5 жыл бұрын
@@alexc5369also you get extra protection and extra benefits with a credit card versus debit card. Sure you get the same Visa and Mastercard benefits, but there are different tiers of Visa cards and Mastercard that get different benefits and I don't think the debt cards have those different tiers.
@garretthoward132 жыл бұрын
Statistics say you lyin.
@Boristien4055 жыл бұрын
I worked in retail and cashiers + sales associates are rewarded greatly if they manage to sell a credit card for the store. They help profits for the business SO much. When I worked there, then I realized why it's so one sided in advertising. They don't help the consumer in virtually any instance. Even if you think you're the savviest person ever, credit cards are just a burden to manage and do not excel your wealth significantly even if you pay everything off, get rewards, etc. In the end it restricts you on where/what you want to buy while just adding another thing on your list to test your mental health.
@JakeBroe5 жыл бұрын
If you limit your credit card spending to just spending you had to do anyways (like paying your rent), you can chase sign up bonuses and never go into debt or spend more than you would have otherwise. I make thousands of dollars a year by beating the system. Though I understand your data and agree with you that 80%+ worth of people can't control themselves.
@mdtaherali27042 жыл бұрын
Sure you do
@lukaspasten2 жыл бұрын
@@mdtaherali2704 don’t be mad u couldn’t do that lol
@kzamora25485 жыл бұрын
151 people who disliked this are proud of their airlines miles!
@JonnyBeoulve4 жыл бұрын
I have two credit cards. I've been paying them off every month since I got them. Never missed a month in over 10 years. My credit score is through the roof.
@lowgizzle4 жыл бұрын
Same here been doing the cash back method since 2007 and never missed a payment.
@SKBottom4 жыл бұрын
Same here. Dave's product and brand is geared towards someone with no discipline. Not all of us fit that category.
@gmilla28254 жыл бұрын
Why are you watching Dave if you have it all figured out and Dave is stupid? I call BS on all you liars.
@SKBottom4 жыл бұрын
@@gmilla2825 easy there, Kool-Aid drinker. He is entertaining and he has some very interesting calls. Plus, I think the baby steps are great. It's after the baby steps where Dave and I disagree.
@RobertSmith-ey5ch4 жыл бұрын
Hi all! I sincerely appreciate this credit repair team, Five years ago I took out a car loan with Wells Fargo Dealer Services. Nothing crazy outside of the fact that my credit wasn’t the greatest and the interest was a little higher than I would’ve normally liked. I made sure GAP insurance was included, etc. After having the loan for the first year, making good payments I asked to refinance the loan to drop the interest down. I specifically requested that the loan be apples to apples minus the drop in interest. Again nothing crazy... Two years later, deer jumps out. Total’s the vehicle. Insurance covers most of the damages, but there was still $6k owed. I automatically assumed that’s ok GAP will cover and all will be good. Wrong when the loan was refinanced they never added GAP back on. I disputed until I was blue in the face... but during the dispute Wells Fargo put my account in a charge off status. At that point I told WF to take a hike and was willing to let it sit there. They continued to call to collect. I asked every time if I paid would they remove the Charge Off. Every single time they said no. So naturally I was like oh well. I’ll pay when I get around to it. So two years, after knowing that this is sitting there I finally looking to get into some investment property. After going through reviews on you tube, I quickly contacted this repair team via FIXMYCREDITDOCTOR. ORG(you can check them on goo g le) and explained this to them, within 7 working days credit score that dropped to 554 increased to 804, my loan disputed and charge off removed. I will recommend FIXMYCREDITDOCTOR .ORG to anyone who desire to do a charge off removal, credit repair, Chex system and DUI fix.
@coconutsfor29635 жыл бұрын
Oh Dave - still with the Credit Card RANT - He just admitted he doesn't trust himself with Credit . At least he's honest, got to respect that.
@JK202395 жыл бұрын
He was bankrupt by age 28..LOL. I'm 28 and have a positive cash flow
@ittakesavillage54615 жыл бұрын
I hope he keeps them coming. So many people are in CC debt
@AmberU5 жыл бұрын
He doesn’t really need to “trust” himself with credit cards considering his net worth ..... CC are a newer modern concept and most ppl are not trustworthy with credit cards like yourself or else the consumer debt wouldn’t be so high.
@AmberU5 жыл бұрын
Caleb Shares agreed I know them.
@coconutsfor29635 жыл бұрын
New Concept- Credit cards have been around for 69 years . That was a good one lol
@brixico14042 жыл бұрын
Dave keeps telling us that fire is hot and will burn you, yet everybody still wants to play with matches!
@skyelizsam5 жыл бұрын
The "Coming Up..." preview is so unnecessary. Can we not make that a thing?
@charlescc10005 жыл бұрын
Dave you say "many studies" often when talking. I think it’d be helpful to cite these studies so we can read them and learn more.
@kailaleegibbons61435 жыл бұрын
Yes I'm actually genuinely curious
@ChrisMFlorida5 жыл бұрын
Pfft.. I'm guessing you want the 12% funds too?
@charlescc10005 жыл бұрын
Chris Vandernaald I haven’t personally studied it enough to firmly say I believe or don’t believe the 12% but I genuinely enjoy seeing those types of studies in addition to hearing Dave talk about them, so to answer your question, absolutely I’d love to see them. I’d be inclined to believe the 12% over a long term. 20+ years of seeing growth
@ChrisMFlorida5 жыл бұрын
@@charlescc1000 I was joking.. I'm personally a believer in 12% funds, I've seen a few.
@garrettwatson27375 жыл бұрын
@@ChrisMFlorida LOL
@silverfish23414 жыл бұрын
Not having a credit card is the only reason I m not financially ruined
@summerjoy2474 ай бұрын
Seriously, I had a card to every store in the mall in my 20s 😩
@imperialgamerhfx30244 жыл бұрын
Imagine how much more wealthy we would be If we payed ourselves that amount of money.
@falco64285 жыл бұрын
I just redeemed my Marriott points for a 4 day stay. My car Insurance would be the same whether I use a credit card or not. I'm also pretty frugal as I always make my coffee at home for 20 cents a cup!!!
@itsokaytobeclownpilled59375 жыл бұрын
Falco64 I drink instant coffee 😂.
@birthdaybatter8155 жыл бұрын
That Graham Stephan coffee plan👌🏻
@wastelanddan73885 жыл бұрын
20 cent iced coffee? Lol Graham plan
@falco64285 жыл бұрын
@@wastelanddan7388 Thats right!!! I did learn that from Graham. Def saves some good money!!! I do that for both regular and Iced Coffee
@wastelanddan73885 жыл бұрын
@@falco6428 nice lol. I wish graham and dave would sit down and talk. Both successful people with huge followings and great ideas, but very different views on credit. I'd love to see them debate or discuss their ideas
@natebergey5 жыл бұрын
My wife and I have no debt, pay our cards off multiple times monthly and get cash back in the following areas 6% groceries, 3% gas, 3% resturants, 5% Amazon, 4% hotels and airfare (regardless of brand, so I can choose the lowest cost option), 1-2% everything else. I also travel for work and expense hotels, airfare, and restaurants regularly which I receive cash back at no cost to me. I monitor our net worth and spending through apps like Personal Captial and Mint and spending on a CC shows up no differently than a debit card would. I don't think carrying cash around is a serious option in this day and age, especially when traveling. Additionally, when paying in cash I don't have the visibility of where my spending went with these finance apps. Credit cards are a tool, they can be misused for sure and many people do, but if used responsibly can provide various benefits. With apps like mint and personal capital, I do feel the 'pain' Dave talks about when I make purchases on a Credit Card, that I don't feel if I use cash that's not accounted for in the app. I think Dave has great advice in many areas, but think he has it wrong on this one, at least for people who treat a credit card like a debit card.
@NickiVproductions5 жыл бұрын
Nathan Bergey same here! Been using credit cards since 18. Always paid off. Never paid in dime of interest 6 years later. If I may ask, which cards do you use to get 6% on groceries and 4% on airfare? I would recommend the Capital One savior to up your 3% on restaurants to 4%. Or if you don’t already have the discover it, they do rotating categories that include restaurants and gas at 5%.
@natebergey5 жыл бұрын
@@NickiVproductions I have the Uber Visa (got it backward, 4% resturants and 3% hotel/airfare, and the AMEX Blue Prefered for 6% groceries, 3% gas)
@micahj.donaldson79025 жыл бұрын
Nathan Bergey i doubt dave is talking to you, he’s talking to the average consumer
@rrrglynn5 жыл бұрын
Conclusion: 78% of people are impulsive or forgetful. Still sounds like it has nothing to do with card.
@SKBottom4 жыл бұрын
The credit card is a symptom. It's like someone who enjoys an occasional drink vs an alcoholic. Not all of us are alcoholics.
@DaMainDude3 жыл бұрын
Delta is greek for "We're not really taking you there, we just said we were" - I almost died laughing haha
@insideoutsideupsidedown22183 жыл бұрын
DELTA: Don’t Expect Luggage To Arrive
@chartuck5 жыл бұрын
Dave is the 54 year old grandpa that wears Hollister.
@NSGLiv5 жыл бұрын
bhs I love hollister
@chartuck5 жыл бұрын
@@NSGLiv I'm not surprised.
@AverageJoeInvestor5 жыл бұрын
*GREAT VIDEO DAVE* Yes, SOO many Americans struggle with credit card debt... Technically, IF you have a budget and follow the budget AND the budget ALWAYS WINS, then it doesn’t matter HOW you pay... UNFORTUNATELY though, Many Americans DON’T DO THIS. 😔🤔
@MansterBear5 жыл бұрын
Man, I must just know every single "above average" CC user... because everyone I've told this too says it's not them. "They always pay it off on time, and they never buy more than they would have with cash". I just shake my head and smile and say "Yea, it's weird, because NOBODY I ever talk to is the person who does it... yet the average person does it."
@Coolfusis5 жыл бұрын
You might! The stat was, what, 78% carry a balance? That's 1 in 5 (of the population) who don't. Since folks tend to hang with like-minded individuals, if you're hanging with a fiscally responsible crowd, it wouldn't be surprising if you had a better-than-average amount of friends who are in that 1 in 5.
@nsbioy4 жыл бұрын
I am guilty of the latter but not the former.
@originalBessie4 жыл бұрын
Keep those friends as they were clearly taught discipline!! I never learned it until I became an adult and am swamped in debt!! Congrats on picking good friends!!
@michaelwoods44955 жыл бұрын
My goodness, he's young! When I was young we didn't walk into the store to pay with cash. The attendant put the gas in, checked the oil and tire pressures, and we handed the cash to him without ever leaving the car.
@mrjones42494 жыл бұрын
It depends what state you lived in.
@Bertuzz843 жыл бұрын
Wow that must have been an amazing time haha. These days you just put the debit card into the slot to pay for the gas. No actual people work at most gas stations anymore.
@mistyjenkins57712 жыл бұрын
And they checked the oil and cleaned the windshield. Full service, of course.
@cartninja64792 жыл бұрын
When fish got out of the ocean and grew legs
@glennt2223 жыл бұрын
I try to listen to a couple of Dave Ramsey videos every morning to remind me of the debt noose.
@tomm80253 жыл бұрын
Ah yes, Dave and all his PRESUMPTIONS! Don't know how I became a self-made millionaire while violating so many of Dave's presumptions? Maybe, it's because Dave makes assumptions that all his opinions are correct. They aren't!!
@infinitejustice29914 жыл бұрын
I get it, Dave, credit cards aren’t meant for everyone. But as a Disciplined person I really enjoy credit card’s convenience and benefit.
@InDatParish4 жыл бұрын
Infinite Justice you missed one of his points actually. Or chose to ignore it. Even if you pay the balance off every month, are you really “disciplined” if you ended up spending 20% more than you would have if you would have paid in cash? The answer is no. That’s one of his points.
@infinitejustice29914 жыл бұрын
@@InDatParish No, I don't. I don't know where Dave got this number, but I don't think I fall into that category. Because Discipline for myself not only means paid my bills on time, also means that I only buy what's necessary.
@InDatParish4 жыл бұрын
Infinite Justice well congratulations. He didn’t say this was the case for 100% of the people.
@loganmedia1142 Жыл бұрын
@@InDatParish He certainly tried to imply it.
@jordancarey89074 жыл бұрын
I have absolutely 0 knowledge of how much cash I have spent in the past year, however I know to the exact penny how much I spent on my 22 credit cards. Because I am constantly reminded of it, unlike cash that just disappears!
@andygarcia35854 жыл бұрын
I have 5 credit cards and only use 1 for most of what I purchase. In the past year I’ve opened 3 CC and received a total of $600 intro bonuses. I also get between 2-5% cash back, fraud protection, purchase protection, zero liability protection, curb aide assistance, and $0 annual fee. I auto-pay full balance every month and receive push notifications whenever I am within $100 of my budget so I can never overspend.
@GenTankman4 жыл бұрын
I pay my credit cards off every month. Never have paid a penny in interest. I have earned $500 this year just in cash back. Not including my sign up bonuses. I stick to my budget so no I don't spend more. And pay my cards off the moment the transaction is posted
@mrjones42494 жыл бұрын
I want to do the same.
@Michael-vf2mw4 жыл бұрын
Ha, not possible. If multimillionaire Dave can't summon the self-control not to spend more with plastic, than neither can you Sir. The studies have shown.
@stephen76904 жыл бұрын
@@Michael-vf2mw Hes also very impulsive he just said he took his grandkids on a cruise and spent hundreds on dumb mickey dolls. How is that the epitome of self discipline?
@woods85234 жыл бұрын
@@Michael-vf2mw thats good logic if you can't do something neither can i makes sense.
@stevejustice13525 жыл бұрын
PAPER MONEY DAVE.....I carry a Chunk of gold and I shave it off with a knife to pay for things.... make a budget....when I pay any Bill now it causes friction ...debit or credit. I still won't use credit for anything I didn't budget for.
@emrose17173 жыл бұрын
I NEED a new rant on this. This ALWAYS comes up. So much statistics on this & people just follow their desires anyway..
@yourmanzach23075 жыл бұрын
I have 3 credit cards i use them for free travel. I am in zero debt with them. I pay off my card weekly! I use it as if it was cash in my bank account so im not spending more.
@marcarrera49045 жыл бұрын
Yes I think if you can place 200 in the card at the beginning of the month and budget thats all will be used.
@alexc53695 жыл бұрын
You are spending a lot more on extras that go along with the travel. Like accommodation and eating out etc. These are expenses that only exist because of the credit card
@marcarrera49045 жыл бұрын
@@alexc5369 people go on vacation whether with a card or no card and they still have to book a hotel and they have to eat. If you do it right and responsibly it's like coupons they will give you a good discount of course cards you have to wait till the month to reap the rewards then just pay it off. Like I said make a set budget of example 200 dollars and that's all you can spend on that card and pay it off monthly... Or what I do is now that I'm more aware I use my card for only things that have to be paid dmv I paid it with my card and now I paid of my card and got 100$ cash back I used it for that weeks groceries. Now the card is at zero.
@alexc53695 жыл бұрын
@@marcarrera4904 each to there own i guess, i believe no matter how disciplined you are, you will always think differently with a credit card. Its hard to know if you would actually have used cash to go on a vacation or purchase something. Its easy to say " i have the cash in the bank so I would have paid for it anyway, so i will just use my credit card, plus i get cash back" - possibly the cashback was the incentive that made you buy it. And you didnt have that incentive with paying with cash so you wouldnt have bought it otherwise
@stayathomemarine5 жыл бұрын
@@alexc5369 EXACTLY!! People think they are saving money and building up airline miles or whatever with a credit card. But knowing you get cash back makes you spend more money in the long run..
@pillarsofserpents4 жыл бұрын
i agree with dave on almost everything. credits cards is not one of them. I'd love for Dave to follow me around for a few months and see how I handle my CCs. he'd probably be too prideful to admit that some of us ARE beating the system.
@GoRun19822 жыл бұрын
No one beats the system
@byrnes1024 жыл бұрын
I love that he says "airline service, other than Southwest, is an oxymoron". How true that is.. I only fly Southwest now because they are the one airline that I feel like they actually care about me as a customer.
@parisnorman10933 жыл бұрын
"It's the cigarette of the financial world. It used to be cool, and people are gonna acknowledge that it kills ya" - Dave Ramsey This is such a powerful analogy.
@kvom015 жыл бұрын
I'll be thinking about this "scam" while I enjoy my trip to Japan using FF miles and hotel points next year.
@anthonykence99545 жыл бұрын
Dave has a secret credit card he tells nobody about. It's his little secret.
@MrsSimoneHill5 жыл бұрын
Just flew to Atlanta and bank on Points. 0 balance on my credit card statement, paid in full. BOY am I STUPID lol.
@brianofeire897 ай бұрын
4 years later and the message still rings true.
@frankg88615 жыл бұрын
If you agree with Dave Ramsey on this, then absolutely a credit card isn't right for. You just can't handle the responsibility that comes with it, and that's ok
@alexc53695 жыл бұрын
Yea you are who he is talking about
@SFDJMark5 жыл бұрын
The people who really should not ever use credit cards are the ones who pick them for "the lowest interest rate". The fact of someone shopping for a credit card that way tells you that they're using credit cards incorrectly (intending to carry a balance).
@frapeyou5 жыл бұрын
Dear Dave, paying your mandatory expenses every year with a credit card that gives you cash back is a good thing, going shopping without a plan and adding more then you wanted is stupid (your correct) see the difference?
@Aristaifly5 жыл бұрын
Remember he said about %? Clearly you are in the remaining 22. Doesn't mean all people are. See what he meant now?
@frapeyou5 жыл бұрын
@@Aristaifly you clearly don't understand what I mean, if my phone bill is 25$ a month, rent is 350$, groceries is about 300$ and gas is 250$ (regardless of if I pay cash for these, it's pretty much fixed) so let's say 1000$ fixed expenses if I pay cash it cost me 1000$ if I pay with a credit card that pays 2% back, that's 20$ less, for nothing, in this scenario it's actually stupid to pay cash
@ittakesavillage54615 жыл бұрын
snowmanmike so many of the callers fall for this thinking. I have heard this exact call. They go to pay their CC and forgot to account for XY or Z and the payment bounces. Then one month become two.
@frapeyou5 жыл бұрын
@@ittakesavillage5461 if you ever miss a payment to pay off the full amount every month, then your not responsible enough to use credit cards, it's very simple
@Aristaifly5 жыл бұрын
@@frapeyou and you think that you represent 100% of US population? I seriously don't understand how people don't see that there are other behaviors than their own
@laughteraddict10035 жыл бұрын
I'm in the 22%. I live a very frugal life. The majority of my CC spending is on gasoline and food
@themontephone8755 жыл бұрын
Laughter Addict . Nope.
@sarahshanahan22224 жыл бұрын
I am in your 22% club
@edwardrhoads72834 жыл бұрын
Only reason I am not in 22 percent is I have 0 percent cards so won't pay those in full until a month before that runs out then I pay it all off reallllll quick.
@Riley88990 Жыл бұрын
The thing about Dave Ramsey is that he’s consistent. His philosophy doesn’t work for EVERYBODY, but it will work for ANYBODY.
@Technolgy29 ай бұрын
what?
@VMAFIA7 ай бұрын
Exactly! Works for people that struggle with money. His so hard to listen to if you're good with money. Good for people that need it tho I understand that
@davek96485 жыл бұрын
I still feel the pain with a debit card since it comes out of my account. I keep track of that with my budget.
@santhoshsrinivasagan66785 жыл бұрын
Dave constantly yells at us and calls us stupid and yet we keep watching his videos someone please explain me this.
@majordudette5 жыл бұрын
sandy santhosh Refreshing to have someone tell it to us like it is, and not baby us in our cute n fuzzy financially-stupid safe spaces. LOL
@ThatGuy-fx8yc Жыл бұрын
Anyone else in here come back to these videos for Refreshers and a good laugh? 🤣🤣😹😹
@NoDebtButLove5 жыл бұрын
It's true... I spend more by swiping the plastic.💳
@roymoon15 жыл бұрын
Try growing up.
@JWalton3145 жыл бұрын
@@roymoon1 How "grown up" of you to say.
@JohnSkyLey5 жыл бұрын
I'm the total opposite. I spend more if I have cash.