We’re Debt Free… Now What?

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3 жыл бұрын

We’re Debt Free… Now What?
Listen to how ordinary people built extraordinary wealth-and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony.

Пікірлер: 104

@joie8465 9 ай бұрын

Bejng debt free feels like your soul leaves your body towards heaven just peace and joy

@DaveM-FFB 3 жыл бұрын

The problem with being debt free, is you still need cash flow to live. So your time isn't your own until your assets can generate enough cash flow to pay the bills. That should be the final baby step.

@DaveM-FFB 3 жыл бұрын

FYI, when you're debt free, you'll still have bills.

@deanalbertson7203 3 жыл бұрын

Good point.

@RealGalaxyGamers 3 жыл бұрын

No it shouldn’t that’s stupid! Paying off debt dramatically reduces your monthly costs

@DaveM-FFB 3 жыл бұрын

@@RealGalaxyGamers I agree. But after all the debt is paid off, most folks still "have to" work to pay bills. I'm just saying, set a higher goal (FI).

@DaveM-FFB 3 жыл бұрын

Invest for Cash Flow or Pay off your Mortgage? There are several ways to generate "Cash Flow" (capital gain, dividends, small business income, landlording). That cash flow can be used to pay off debt. But once you spend your hard earned money on paying off your mortgage, it's dead money. It doesn't earn or compound - ever. However I do recommend being mortgage free before retirement, once your cash flow goals have been met.

@PilouBen 4 күн бұрын

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@Ingridlourd02 4 күн бұрын

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@PilouBen 4 күн бұрын

@@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@Ingridlourd02 4 күн бұрын

@@PilouBen Oh please I’d love that. Thanks!

@PilouBen 4 күн бұрын

@@Ingridlourd02 Clementina Abate Russo is her name

@PilouBen 4 күн бұрын

Lookup with her name on the webpage.

@authorjohnwquinn 3 жыл бұрын

10K left on my condo!

@bridgtte 4 ай бұрын

Inspiring video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family

@Williams002 4 ай бұрын

@bridgtte 4 ай бұрын

@@Williams002 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments..

@Williams002 4 ай бұрын

@@bridgtte Oh please I’d love that. Thanks!

@bridgtte 4 ай бұрын

@@Williams002 Judith Ann peace is her name

@bridgtte 4 ай бұрын

Lookup with her name on the webpage

@LevelUpPersonalFinance 3 жыл бұрын

Great caller. I can understand that it’s tough to switch gears when you’ve been focused so long on debt removal.

@lifeonabudgetwithDee 3 жыл бұрын

This shows that people who isn’t use to freedom don’t know how the live freely.

@investingthroughanalysis3100 3 жыл бұрын

The joy of getting out of debt is probably the most satisfying feeling there is. From there, money grows faster as more and more money goes to you instead of debts.

@littlebob1261 3 жыл бұрын

Actually, compound interest lost focusing on low interest debt costs you a ton in the long run. To each their own though :)

@dheins57 3 жыл бұрын

Possibly the most unnecessary comma ever used in a sentence hahaha

@rachelharrison7961 3 жыл бұрын

Houses (even paid off ones) have a way of generating their own expenses. Maybe the caller has some projects that he put off while he was paying down his mortgage, like a bathroom remodel or some fancier landscaping. Now he has the cash flow to do those.

@johnSmith-uz8nl 3 жыл бұрын

Of course BUT there is no mortgage which is usually the largest expense to a home. You got Real Estate Taxes (which is becoming a killer), insurance (which is getting expensive), repairs and maintenance (which can kick you really hard sometimes) and upgrades (which is also really expensive). BUT I disagree with you, the caller now needs to build wealth... hence the fear. I feel the things you mentioned are after you build up some wealth ($250K or even 1 million in wealth after you have a paid house, regardless of the value).

@ripwins 3 жыл бұрын

Harriet Tubman said: “I freed a thousand slaves I could have freed a thousand more if only they knew they were slaves.” GET OUT OF DEBT BRUH

@preezypatel 3 жыл бұрын

Gotta listen to these for the hope.

@chancecooper9246 5 ай бұрын

I’ve been struggling with this same issue for 5 years…Now my goal is to become a millionaire. I still struggle with purpose though.

@markg999 3 жыл бұрын

For me its getting to a position to retire early...I really have no desire to work past my mid 50s. So since we are pretty minimalist we can save over 50% with ease a month. But gotta find a happy medium and make sure you live in the present cause future not always guaranteed.

@kara2162 3 жыл бұрын

Agree. We are 40 and debt free (including mortgage) we both work full time and save half our income. I also have no desire to work full time past 55. I will probably always have something going as far as side projects as long as physically able, for purpose and enjoyment.

@k.d.k1250 3 жыл бұрын

Build wealth!!!

@cristalcruzzin1756 3 жыл бұрын

I’m going to be debt-free by the end of the day!!!!! I selling the car lol

@musicpro7278 3 жыл бұрын

Ur cute

@matt.108 2 жыл бұрын

Did this attractive young woman sell the car. We may never know.

@27merk 3 жыл бұрын

Great full. Well done. Good job Dave. How about.., invest, learn to trade, take some time to travel, buy a holiday house. Keep adding goals that you think you might enjoy. Keep aiming higher. God bless.

@AaAa-ri4uf 3 жыл бұрын

As humans we want goals, and I think besides generosity I think people in step 7 or dare I say step 8 should go into real estate investment, because it’s goal oriented and requires monthes of saving and hard work

@ismatullahmohsini4031 3 жыл бұрын

Dave you changed my life, i read your the total money make over

@CaseyBurnsInvesting 3 жыл бұрын

Time to live freely and build wealth and give. Take a trip. Enjoy life.

@k-mart7475 3 жыл бұрын

@@steviejd5803 hi stevie, your comments are always unnecessary

@appleforever6664 3 жыл бұрын

@@steviejd5803 - He's a SPAMMER! Only wants like and subs!

@appleforever6664 3 жыл бұрын

Casey the SPAMMER!

@steviejd5803 3 жыл бұрын

@@appleforever6664 thanks for enlightening me.

@noisehonk 3 жыл бұрын

good to see dave has arms

@teresahunt5521 Ай бұрын

The right to bare arms is very important!

@MrCN173 3 жыл бұрын

Great caller

@deanalbertson7203 3 жыл бұрын

Invest. Diversify. Good for you.

@fhuber7507 3 жыл бұрын

Budget... You know what you need to live on. Now it's time to save for retirement and kid's education. And you can take part of what you have been using to pay off debt for improved lifestyle. It's not time to go nuts with spending. It's time to reward yourself a little and prepare for the future. Yes you can start giving. . But don't overdo it.

@crappienaterfishing6065 3 жыл бұрын

wen I get debt free and starting saving and it was almost boring but I just bought my 1st so that will keep me focused for a awhile

@andrea9797mdd 3 жыл бұрын

Put more into investment and have options in life. I'm right there. It's priceless.

@johnSmith-uz8nl 3 жыл бұрын

But where do you invest your money? Exactly where? This is what the call is about.

@b.cdrisk2035 3 жыл бұрын

A noble goal is to leave your kids and grandkids enough money so they won't have to financially struggle

@moneybee 3 жыл бұрын

Step 1. Get Debt Free Step 2. *DEBT FREE SCREAM* Step 3. Investing, Prosperity, Giving, and tracking towards Measurable Goals

@frostyk1371 3 жыл бұрын

😭 that's so awesome 🤟🏾. I wanna give away what we net in a year right now(every year) by the time I'm 45.

@djpuplex 3 жыл бұрын

Christy's face while Dave is bragging about giving out a million 😆

@yoopermann7942 3 жыл бұрын

what more can i do on a disability check? i am debt free,, i paid off my mothers house after she passed away 3 years ago,, i have a small emergency fund, and i give to the offering box on sundays when i go to church services,, my monthly bills are paid up to date,, so what is next?? can you guys help a wreck like me?

@befree9579 3 жыл бұрын

Increase your emergency fund to 6-8 months. Rebudget and any money left over after bills. Decide fun money / invest money. Best investment if your under 40 is you. Learn a new skill or get a certificate to work for better pay. Use your fun money on something productive that allows you to meet new people and friends.

@joshuakelly9743 3 жыл бұрын

What is the difference between increasing net worth at that point vs building bigger barns? Not trolling or anything. I’m genuinely curious. I want to know that I’m aiming at something godly.

@johnSmith-uz8nl 3 жыл бұрын

So you build a bigger barn and you lose your job... then what? You build up wealth and you lose your job... but you have enough wealth to either 1. never work again or 2. time to find a new job. When you are 50 years old or older, it really becomes HARD to find a good job due to the fact that you are competing against 30 year olds. My dad lost his job in his 50's and he never found a job again. And I have seen my wife look for a job, it took her 7 years... she did about 50 interviews a year FOR SEVEN YEARS and she has a resume of gold. She found her dream job about 4 years ago and I am so happy for her. My wife makes more money then me! And she has an amazing job.

@davidrainwater6954 3 жыл бұрын

My wife and I are retired and have the funds to pay off our house. We purchased our house 2 years ago and have a 30 year mortgage. Should we pay off our home? If we do, it would limit what we can do next.

@choreomaniac 3 жыл бұрын

What do you want to do next that you couldn’t if you paid off the house? If you do that something else and a worst case scenario happens (death, disability, divorce), could you lose your house?

@Tehui1974 4 ай бұрын

If all goes well, I should be mortgage free in 3 1/2 years, and then my next 'goal' will be to invest like crazy. If I ever reach a financial stage in my life where I'm wealthy and lack goals, I'll probably look to help family more and support other causes close to my heart.

@bfavreforprez 2 жыл бұрын

once i b ecame debt free i stopped my desire for working Overtime so i completely understand.

@rockersamurai 3 жыл бұрын

don't forget to live along the way - otherwise you will be debt free but empty - heck multimillionaires but empty - don't discount present so much you are only skeleton later.

@steviejd5803 3 жыл бұрын

Well said.

@tymom9313 3 жыл бұрын

Dave you are so generous 🙄

@BrezzyBoi33 3 жыл бұрын

Lol

@judopanda7169 2 жыл бұрын

Now what? Finance a new truck! You deserve it.

@MrBrewman95 3 жыл бұрын

This is a good problem to have.

@chessmaster1115 2 жыл бұрын

I am debt free now what?! Oh my goodness!

@danielgolarz674 4 ай бұрын

Dave I'm the author of EIGHT DAYS IN AN INNER CITY SCHOOL please talk about the out of control OCCUPATIONAL LICENSING for k-12 teachers that's why we have teacher shortages

@brettmann6677 3 жыл бұрын

Easy....Get lots of good debt that makes you money....I have 1.5 million of good debt that pays me $262k a Year.....

@BrezzyBoi33 3 жыл бұрын

Yeah because you have privilege

@mrbigupmyself 3 жыл бұрын

Wrong channel for this comment, your looking for that Robert kiyosaki, the guy who recommends what you do and whose company just filed bankruptcy 2021

@markg999 3 жыл бұрын

Yea worked well with my family members that lost all of rental homes due to renters that stopped paying. Have fun with that.

@genxx2724 3 жыл бұрын

@@BrezzyBoi33 Hard work and discipline are not “privilege.”

@Annis-co7vu 3 ай бұрын

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

@AudraZapoticky55 3 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

@Madlyn55 3 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@AudraZapoticky55 3 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her

@Madlyn55 3 ай бұрын

Thanks for these recommendations.....,,,

@ismatullahmohsini4031 3 жыл бұрын

Buy another house

@joie8465 Жыл бұрын

I'm just gonna enjoy life save money build a gaming channel travel

@michealschmidt8940 8 ай бұрын

You give bad advice investing in the beast system spoken of in Rev 13. And to aid it on is like taking the mark of the beast system. just a thought do with it what you want.