Giving doesn't just mean money. I watch InterNet cop videos and if I see a police officer shaming the badge, I'll look up his department and suggest they do something. "People are watching."
Hey Dave !! I PAID MY PLACE OFF 12/23/20!!! Thank you so much for all you do!! I lived in Nashville, Tn an worked for NES from 1996 thru 1999 an listened to you most every day then. I moved back to my home town in Ms in. 2000. My wife an I bought the place I grew up on an remodeled the house. Paid off ard $175,000 to $200,000 in debt on the place all total. ONE OF THE Most AWESOME FEELING IN THE WORLD
Same here I’m 17 with horrible spending habits and a sizable inheritance coming my way that I’m terrified about. Hoping I get this saving shit under my belt
Paid off my debt, building up my emergency fund and looking forward to buying my first home...in CASH!! Thanks Dave! You're awesome! You pulled me out of the gutter and out of government assistance to being self sufficient.
Awesome that you are a daughter of The King! Me too. I am tackling our debt too. Maybe if we look at debt as 'sin' , we might not have debt. Good place to start...
@@chrismccaffrey8256 but if people get into debt as a side effect of greed and never being content, then the debt might as well be a sin....Maybe not so if life genuinely happened to innocent people- that's different
My problem is I enjoy giving and help others. Even though I'm not rich. I work paycheck to paycheck. I'm a regular guy. I feel like it's a blessing to have a little to share with others.
That's good within reason, but you need to make sure that you are financially stable. Otherwise you are going to be old someday, living in poverty, and barely eking out a living with no money to help anybody including yourself.
It's more or not true though, that friend who bought the 6mil house and had a 3bill net worth. That house is worth 0.002% of his net worth. That's $1.5 to every $750, or $6 to every $3000
I’m on the road to pay off my 10% loan on my pickup truck around June. NEVER Again will I get a loan for a vehicle. Just turned 20 I’m still young and stupid but I’m on a budget now and am on the right path. Thanks Dave!
FoolishGaming you are far from being dumb!!. You are smarter then most 20yrs old!!. There are auto sales now, offered to be paid in 84 months!!. Horrible idea!!! Be smart!!!😊
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result hard work and hustle over time. I pray that anyone who reads this will be successful in life
Wow was this eye opening. I realized that I am a spender/giver, and never had much left to save because of this. Wanna know the sad punch line though? Once the money was gone, once I became ill and homeless, those same people I gave to and spent money on before were nowhere to be found or flat out refuse to help me when I needed it most. This makes me terrified to ever help anyone else ever again, even though I still do it to this day. It's a devastating truth, but it is a problem with myself that I have to fix. There is absolutely a point where you can give too much and people will take advantage of that and not appreciate it or help you out later if god forbid the worst happens to you. Remember that...
my dad was like that. He gave, gave, gave and gave.. heck, we went completely broke because he gave everything to his friends and his side of his family but for some reason left my mom and my siblings to fend for ourselves. Those same people disappeared when we needed the help. I learned early on that people fail you, and in a way... i've subconsciously become stingy, and i do have a hard time accepting help from anyone. If I have to give money to anyone, I do it knowing that I will never see that money again...but i will make you suffer to get it, and for the most part, it's kept the peace between me and the person i gave the money to.
@@joshipp761 - You shoud expect something in return. Otherwise it's not a wise investment. it's wasteful. An unprofitable servant. And it doesn't create a habit. A reward for giving will create a habit. Giving ought to be rewarding. Does not giving bring joy.
@@joshipp761 I don't think that was her point. She was saying she helped all her friends and when she got sick and homeless, everyone she cared about and helped when they needed it, weren't there in return
I enjoy having a roof over my head and a reliable car to drive. I also enjoy paying my tithes and just having money to pay my bills. The key is to be grateful and not get too caught up in the future. Live today... Tomorrow isn't promised. Do the best you can to save and get out of debt but don't stress yourself out about it
I disagree, respectfully ofcourse. Stress can be good for you. You need to raise your faith with it so that it can be cancelled out eventually, but if you never do that then you just pass the stress along. My parents never worried or stressed and now me and my siblings are starting to have to deal with it. I've stressed about it since I was in highschool and it's hurt my relationship with my dad. You have to take care of things to a point and that maybe stressful, but it's also the right thing to do. You've got to grow up and handle your responsibilities. I've accepted mine, but please everyone don't do to your kids what mine did to my siblings and myself. My parents would never have been able to do for there parents what we'll have to do for them.
Wow. "The only reason I save is so I can spend more and give more." This line resonated with me so well. I am too a huge spender/decent giver lol. But now that I am older, I see your point perfectly. I must build wealth to do what makes me happy the most, spend and give.
Ummmm, no! Money is one thing only; SECURITY! Spending it and giving it away erodes one's security. I have helped people financially in my life because I felt like giving a small amount to a person on the street or a LOT to help a sick family member. But my budget does not include giving at all!
I rode my bicycle across Aussie. Crossed a 800 mile desert. They have a truck stop about every 100miles. Since it’s in the middle of nowhere, a big candy bar ( 200gm ) cost $10. One day when I got back to civilization I went to a gas station to get some junk food. They had the big candy bars 3 for $10. So I bought three. I told myself these should last me a week. About 15 min. Later they were all gone. Cycling all day for 1000s of Miles makes one hungry.
@@gustavonation Keep reading Dave's books and walk the steps. Maybe it's time to rethink the job and get into a more lucrative career. I slept in a Volkswagen and put myself through Cosmetology school, then I worked in a salon and could afford to go to Nursing School. Take it in steps. I now understand it's the path I took that made me who I am today, not my finances I have now. Comfort, even if it's not all that comfortable is a trap into inactivity. Move, change, one foot ahead of the other, grow, seek new options. Become.
I’m 36 and just getting into saving up my emergency fund, have no debt and praying that I will be able to save up for a house one day. No jobs in my area and I’m doing my best to make my money work for me. 🙏🏼🙏🏼🙏🏼
Most jobs limit you by time spent to generate income. You need to think beyond active income and focus on building passive income. I recommend not to rely on a single source of income. You can consider earning extra income by investing in dividend stocks, high yield savings accounts, gig economies, real estate investing and reselling/flipping goods. You can earn by rewards on credit cards - using them for all monthly purchases then pay them off 100% each month. Take advantage of any employee programs offered at work that make sense. Hope this helps...
As a saver its always been easier to give and help others than to spend on myself. I think its because savers see money as a tool and will use it pragmatically. Also, being generous doesn't come with baggage attached when you over do it.
Totally agreed with this. I am saver since when I decided to do charity work, I discovered this cannot be done if you are in debt and doing impulse spending. I keep ratios for all three: spending, saving, giving to keep in healthy balance. Budgeting and tracking expenses are part of my life. Many consider as a waste of time, but for me it saved me from lot of situations, especially form overspending. It gives me space to spend for fun without worrying from overspending.
When our kids were little we paid them an allowance. They each had three banks for keeping the money. Our ratio was 50% into savings, 25% into charity, and 25% into spending. They used their own money for Sunday School offerings, and buying things they wanted. When the savings bank was full we took them to the actual bank and made deposits into their accounts. If they wanted something that wasn't cheap they learned to save their spending money until they had enough to buy whatever it was they wanted. They both now have good jobs, masters degrees with no student loan debt, and no car payments. Life is pretty good when your children become financially responsible adults.
E Ahlers: Are you saver or spender? How you see the money? As much as I save moneys for rainy days, the more I view as tool. Emergency funds are the most reliable insurance in case if something goes wrong. It avoids using debts. Saving habits opens my eyes for longer perspective and gives it me opens options, when I want to invest it.
With what I’ve learned over two decades investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
I see your point Jeff, and it’s a good one. It’s false to think that taking increased risk guarantees you more money, you wouldn’t bet on a pony in a horse race.
What Dave says about the psychology of saving or spending is at the heart of the matter. I am hard-wired to be a saver so I get how it might be to live on the other side. Some people think spenders are just stupid or morally deficient but that's not right. They do need to override their tendency to overspend just as I need to override my tendency to oversave.
My 3 Basic Money Skills: 1. Earn money (this is a obviously a prerequisite to my next skill) 2. Saving (open a high-yield savings account for better rates than commercial banks) 3. Earn compound interest.
I'm separated, work hard physically. When I had my ex (dual income) we cooked all the time, priced matched flyer groceries, etc. Was able to save. My eyes were opened just yesterday with my monthly bank statement in the cost of eating out/ buying prepared meals. NOT HAPPY! This is my doing I admit. After a tiring day pushing myself at work, find it hard to justify cooking just for one now. But such a high price in the end . Need a change for sure.....
This is beautiful I’m a saver a weaker earner(could be doing so more I feel but am tuff on myself!) and a grateful humble giver. My mother and father gave and gave and I never understood its part of the 3 keys to the individuals basic money system and spirituality. I loved this to break myself down honestly! Thanks Dave. We were never taught nothing about this in schools. So lucky to hear this laid out in words it all makes sense now and it’s most basic form.
I’m totally the spender. I am known to be very generous too. I didn’t realize this connection of not having a hard time releasing money. Thanks to you I’ve learned to love savings and the beautiful fruit it produces. So thankful for you Dave. God bless you.
A money skill that is important is to keep things simple. People get too cluttered with money by spending it on too many different things and can't organize how much they spent. A money skill they need to learn is how to budget.
My gramma always told me that any money I have left over after paying all my bills, I should split in half. Half of it goes into my savings and the other half is what I have to spend. It's taught me to really be a bit more frugal with my money. Thankfully, I've never had to borrow money, and I've always been able to go out and enjoy myself even though I budget my spending. I don't have debt, other than a car I'm paying off, which is already part of my bills anyway, so I don't struggle at the thought of how I can get by. Now that I've found Dave Ramsey, I'm picking up a lot more ways on how I can save even more and perhaps budget even better. This is a godsend.
I was wired as a spender before I had a family. And my husband would sound money very irresponsibly on small gambling debts, cigarettes, and any scam that sounded like a sure deal to him. Our family suffered and we would argue over how the money should be invested and saved. It was always hard for me to save. My children and raising a family taught me take better care of things and work to save. So I could give more generously the way my heart would like too.
There was a girl I was interested in dating. We were friends for awhile and when I finally told her how I felt, she said I was "too thrifty". Needless to say, it did not work out. I am naturally a saver and I want to be financially free (I am on baby step 3). It just feels bad to be rejected because I am not spending enough money on myself.
Dave taught me how to “pay myself”. I am not wired as a saver but just watching the show reprogrammed my brain to be otherwise. Baby step 3 is 3/4 done while my 15% retirement has already been established. Thank you, Mr. Ramsey.
I’m wired as a spender. But it takes a lot of work to sacrifice your lifestyle, saving, budgeting, etc. once you’ve done these things you actually start realizing it’s actual value. It changes you.
Im a giver alright, I give to my bank to let me drive their car, I give to my renters to let me live in their house, and I give to Verizon so I can use their cell towers, I give. XD
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
Buy a reliable used car. You are also buying peace of mind, which is priceless (no more breakdowns, saving on repairs, no embarrassing calls to friends/family to pick you up, etc.). Ask the dealership if they have any cars that are previous rentals with less than 20k miles or that are 3yrs old or less, or cars that are a different brand than dealership that they want to get off the lot. Also, online car prices are cheaper than going to the physical lot. If you see a car you want for a cheaper price online, just print it & take it to the dealership. They'll look at you like you're a genius.
What ive found out is that “giving” is the blessing you get when you are on the right path of your journey... when youre not on your path, paying the tab for someone’s retirement/birthday/etc dinnerat Applebees would be a challenge
@@valdemarjohansen9340 there are several Investment opportunities out there, you can choose to own a stock trading portfolio like I do and buy up paying stocks. This has proven to be a very profitable venture for me these past six months.
I have heard so much about the stock market and how profitable it can be but I lack the education and experience of the market, any tips you share would be very much appreciated.
I am always struggling with the spending part, even with money set aside and earmarked for the issue at hand. I just hate seeing the balance drop significantly... I am working on the giving part. Baby steps there. I recently earmarked a certain amount in the budget each month for the school's food pantry, which feeds (and sends home food with) kids in our area who are not getting fed at home for one reason or another.
I don't put the $$ earmarked or issue at hand in the bank, just so I don't see a drop in balance. I got a big bank I put it in at home. LOL Depending on earmarked amt. I open a quick passbook (yep) svgs acct at another bank solely for earmarked item(s) & this works for me because I'm still saving in my mind (tricking it so to speak) & when spent I feel like I got it for free because I don't see the drop in major/real svgs acct. LOL
In Spanish there's a saying, "Lo barato sale caro", which means, "The cheap, turns out expensive". With that in mind, having a reliable car can be waaay cheaper than trying to save money and get something that will break down. I am a saver but I got me a brand new car, and almost 7 years later runs great. Ramsey makes it seem like getting a new car is for "spenders" not for savers. I disagree, I will long term save with a new car that has high fuel efficiency and won't give me problems for years to come.
Truetothat454 I have to agree with you. I had my car for 15 yrs, i repaired it and babied it. Last 12 months had about $2,500.00 put into it... then a lady ran a red light and killed my car. I had no full coverage so her insurance decided to believe her and did not pay me for my car. I had to buy a newer car, get Car payments, but I'm covered for the next 100,000 miles. 😣
It's just not good value. Why buy a brand new car cash at 25,000 dollars when you could buy the same 25k car one year later at 16-18.5k with only 10-15k miles on it. That's 7-8k in savings.
There’s research that shows that people who give more tend to be happier. The second way to enjoy money is to spend it on experiences. Purchasing material things falls last in line in regard to what increases people’s quality of life. Obviously there are exceptions to rules. Sometimes you need a decent car so you aren’t paying the extra in bills for repairs, breakdowns, etc. However, I love how Dave mentions giving in abundance as a way of changing one’s life. It really does make life better when your money to help people, or even just give. Maximizing on it would be both spending on other people AND experiences.
I absolutely love learning from Dave Ramsey!!! He keeps it REAL! If people have done everything they are supposed to do they have the right to enjoy their money ! People are so jealous they claim every wealthy person is greedy it’s just not true. I had so many scholarships in college from wealthy people. Give and it shall be given unto YOU!
I was struggling with spending for the last few years, but I'm slowly learning how to enjoy the Money and in turn, I'm really enjoying life more. I was like, hey! "I can buy new clothes that are not on sale at an outlet and I can afford Popcorn at the movies and the kid can ride as many rides as he likes at the fair, etc." It's a great Feeling to not be constantly restricting myself - now I have to get my husband in the groove...
I’m slowly piling up cash to replace my 17 year old, 310,000 mile car. Trying to get as much as I can saved up for the unknown date in the near future where the repair is just not worth it and I buy something newer. Yes, that savings will be gone, but if I have a more reliable car, the peace of mind will be worth it.
lovethemflowers Just do a really good down payment and pay off the balance as quick as possible. If you have a big down you really don't pay that much in interest. My first car I bought I paid just over $2000 in interest.... That $2000 was 100% worth having a reliable car again that I then drove the next 9 years. Buy a newish car for like $10k. Don't go buy some 30k car and get a loan for it.
@@bguen1234 the car is 17 years. *He didn't have it for 17 years.* I'm in the same situation. Saving for a better car once my 20 years old car stops working. And again, the car is 20 years. I didn't have it for 20 years. I was 9 when it came out.
@@driverman9528 that's what I have. '99 Toyota Corolla. Next one will be up in years. I want to skip a decade tho. (2010) But even if it is 5 years younger ('05) I'll be glad :) My previous car was a Subaru 1998
Ever since listening to you dan, i have opened my eyes. I had a brand new toyota prius 2016, 3 yrs later i owed 20k....when i bought it for 30k total. Listened to you, and i could only fantasize what it would feel like to save the monthly payments (550). So i sold it, and paid the remaining balance since it wasnt worth the 20k i owed...now i have saved a couple thousands QUICK, and have bought a reliable small car which paid cash for....still saving money. It's like i gave myself a promotion by just not having any debt lol
Love me some Dave! Currently on baby step #3. I’ve always been wired as a spender, that was also my parents spending habits too, we often follow the same poor (if it was poor) financial model our parents had. Breaking the cycle and creating a new model now!
I save so that I can spend. Money is literally made and meant to be spent, it's not something you collect, it's a bartering tool. Hoarding money and never spending it accomplishes nothing, that money you're saving needs to be FOR something.
Mike D Not unless you like some families like he said. Some families consider the concept of having money to give to your family when you pass away as a religion. That’s what’s its all about, making it easier for the ones that you created (if you have kids), or your loving wife.
I got inspired as a NL citizen! Even have my GF made a retro letter-sign in our home that says ''Live like no one else now, so you can live like no one else later'' ''Dave Ramsey'' Really get's you to think!
Hearing Dave say he wasn’t always a saver and he spends more as he gives too because that’s who I am. I get the best gratitude by giving to others but I needed to make a decision on my own finances. I know my direction and focus with the right advice I’ll see financial freedom because I only hope to make more to give more. Putting it into the universe.
I initially did the lump sum buy, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.
When you see money as time and sacrifice....you see it in the proper light. You become apprehensive to spend it. You think harder how to spend it. This is why work is essential to a person's life to get that perspective.
I appreciate all the wisdom, knowledge and religious insight to making good financial decisions, I hope one day to make it through your program with my significant other✊🏽✊🏽
It was kinda difficult to eat out after saving hard, but when it was framed as an opportunity to tip extra to make a waitress’ day, that made the spending fun.
Yes People enjoy your money!. I worked so hard that when I could actually spend some money. I had no idea how to enjoy it. I actually had to watch my friends and see how they enjoyed it.
When I was a kid I was a total saver. As I got older I became a spender. When I got married I became a giver. I feel pretty well rounded right about now.
OMG! You are amazing! People never adds "Giving" in their financial equation, specially when they speak to public. If we had few more advisor like u, I believe, the world would had been be a much better place. God bless you. Thnx
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1. Spend Properly
2. Saving/Invest
3. Giving
Giving should also be used as a tax write off if possible
1. Earning money
2. Saving/Investing
3.Expenses/Giving
Giving ain't free Dave. It's an expense😅
Giving doesn't just mean money. I watch InterNet cop videos and if I see a police officer shaming the badge,
I'll look up his department and suggest they do something. "People are watching."
Hey Dave !! I PAID MY PLACE OFF 12/23/20!!! Thank you so much for all you do!! I lived in Nashville, Tn an worked for NES from 1996 thru 1999 an listened to you most every day then. I moved back to my home town in Ms in. 2000. My wife an I bought the place I grew up on an remodeled the house. Paid off ard $175,000 to $200,000 in debt on the place all total. ONE OF THE Most AWESOME FEELING IN THE WORLD
I m soo glad that i found dave at the age of 16...this guy is gonna save my financial future
how are you doing so far? what's the update if you don't mind me asking
Same here I’m 17 with horrible spending habits and a sizable inheritance coming my way that I’m terrified about. Hoping I get this saving shit under my belt
Paid off my debt, building up my emergency fund and looking forward to buying my first home...in CASH!!
Thanks Dave! You're awesome! You pulled me out of the gutter and out of government assistance to being self sufficient.
Awesome that you are a daughter of The King! Me too. I am tackling our debt too. Maybe if we look at debt as 'sin' , we might not have debt. Good place to start...
@@l.elizabethb.361 you want MORE shame and guilt for something else in life?
@@chrismccaffrey8256 but if people get into debt as a side effect of greed and never being content, then the debt might as well be a sin....Maybe not so if life genuinely happened to innocent people- that's different
You did it yourself with good advice
Nice to see that bright light at the end of the long dark tunnel.
Crazy how the Whispers of Manifestation book on Borlest isn’t all over the place. People are seriously missing out.
My problem is I enjoy giving and help others. Even though I'm not rich. I work paycheck to paycheck. I'm a regular guy. I feel like it's a blessing to have a little to share with others.
That's not a prob tho. That's a blessing
Others probably feel like it's a blessing too. LOL
That's good within reason, but you need to make sure that you are financially stable. Otherwise you are going to be old someday, living in poverty, and barely eking out a living with no money to help anybody including yourself.
In the long run , this isn't a problem at all , Just a challenge. God sees.
That's amazing. Rest when you get to the kingdom.
This man is going to save my financial life..
Jason Douglas True dat brotha
If by "this man" you mean you, then yes"
Jason Douglas he’s saving my life! I haven’t even started LOL
No hes not, you are. He gives basic common sense simple advice and that's it.
Yes, follow his advice and he will. I can guarantee it. Happened to me .
"Buying a biscuit" never gets old 😂 Love you, Dave!
It's more or not true though, that friend who bought the 6mil house and had a 3bill net worth. That house is worth 0.002% of his net worth. That's $1.5 to every $750, or $6 to every $3000
@@stephaniejane306 morning
His kernel sanders came out on that line
😆😆😆😆 I love biscuits 😋
Single mom and DEBT FREE!!
Thank you Dave
I'm first generation in this country, I'm hoping to change my family tree for life! Thanks to Dave, I'm sure I'll get there.
I’m on the road to pay off my 10% loan on my pickup truck around June. NEVER Again will I get a loan for a vehicle. Just turned 20 I’m still young and stupid but I’m on a budget now and am on the right path. Thanks Dave!
FoolishGaming you are far from being dumb!!. You are smarter then most 20yrs old!!. There are auto sales now, offered to be paid in 84 months!!. Horrible idea!!! Be smart!!!😊
I am 32 years old and am just learning about all these things. It's awesome that you found this at a young age.
Just paid off my car last month! Also 20
Next time buy the best USED vehicle you can afford. Used vehicles are usually a better deal.
Mitchell Mcfly but your still paying the same either way...
"I'll have more money to spend and give if I build wealth." Yes, that's motivating to me! I'm a natural spender and giver.
Me too
I spend thousands a year on eating out & I'm tired of it. It's what kills my financial freedom.
Absolutely, you could EAT your savings & financial future if you have no discipline
Learn to cook , so many easy recipes on youtube. Just buy the ingredients and do it. You will save a ton.
Unless you eat in very expensive restaurant ,eating out in cheap ones is very unhealthy.
My version of eating out: making your own food and eating out on the patio, go to a park (picnic), etc.
Wow you have figured it out!
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result hard work and hustle over time. I pray that anyone who reads this will be successful in life
You are right Sir
Most people don't invest due to ignorance
But of a truth there are scammers but real brokers are out there too waiting for investors
So don't be scared of giving any one try
@Jessica Robert Wow, you know her too?
Wow was this eye opening. I realized that I am a spender/giver, and never had much left to save because of this. Wanna know the sad punch line though? Once the money was gone, once I became ill and homeless, those same people I gave to and spent money on before were nowhere to be found or flat out refuse to help me when I needed it most. This makes me terrified to ever help anyone else ever again, even though I still do it to this day. It's a devastating truth, but it is a problem with myself that I have to fix. There is absolutely a point where you can give too much and people will take advantage of that and not appreciate it or help you out later if god forbid the worst happens to you. Remember that...
Shannen pay yourself first. Then be as generous as you want to. In fact, being generous is your lifeline, not a character flaw to be worked on.
You have to learn how to give without expecting anything in return
my dad was like that. He gave, gave, gave and gave.. heck, we went completely broke because he gave everything to his friends and his side of his family but for some reason left my mom and my siblings to fend for ourselves. Those same people disappeared when we needed the help. I learned early on that people fail you, and in a way... i've subconsciously become stingy, and i do have a hard time accepting help from anyone. If I have to give money to anyone, I do it knowing that I will never see that money again...but i will make you suffer to get it, and for the most part, it's kept the peace between me and the person i gave the money to.
@@joshipp761 - You shoud expect something in return. Otherwise it's not a wise investment. it's wasteful. An unprofitable servant. And it doesn't create a habit. A reward for giving will create a habit. Giving ought to be rewarding. Does not giving bring joy.
@@joshipp761 I don't think that was her point. She was saying she helped all her friends and when she got sick and homeless, everyone she cared about and helped when they needed it, weren't there in return
I’m a HUGE saver. Which is why it hurt so much to pay off my debt. But it needed to happen to move forward
When you give, the receiver eats well, but the giver sleeps well.
I enjoy having a roof over my head and a reliable car to drive. I also enjoy paying my tithes and just having money to pay my bills. The key is to be grateful and not get too caught up in the future. Live today... Tomorrow isn't promised. Do the best you can to save and get out of debt but don't stress yourself out about it
Ericka Dillon good stuff praise god
Yes great wisdom, thank you Jesus
True
I disagree, respectfully ofcourse. Stress can be good for you. You need to raise your faith with it so that it can be cancelled out eventually, but if you never do that then you just pass the stress along. My parents never worried or stressed and now me and my siblings are starting to have to deal with it. I've stressed about it since I was in highschool and it's hurt my relationship with my dad. You have to take care of things to a point and that maybe stressful, but it's also the right thing to do. You've got to grow up and handle your responsibilities. I've accepted mine, but please everyone don't do to your kids what mine did to my siblings and myself. My parents would never have been able to do for there parents what we'll have to do for them.
Thank you for the good advice. I think you're a decent human being. Enjoy life!
Wow. "The only reason I save is so I can spend more and give more." This line resonated with me so well. I am too a huge spender/decent giver lol. But now that I am older, I see your point perfectly. I must build wealth to do what makes me happy the most, spend and give.
Ummmm, no! Money is one thing only; SECURITY! Spending it and giving it away erodes one's security. I have helped people financially in my life because I felt like giving a small amount to a person on the street or a LOT to help a sick family member. But my budget does not include giving at all!
I'm so frugal with my cash I have to think for a week to decide if I really want a chocolate bar 😂 trying to get better though.
🤣🤣
Why would you save something that goes down in value each year?
I rode my bicycle across Aussie. Crossed a 800 mile desert. They have a truck stop about every 100miles. Since it’s in the middle of nowhere, a big candy bar
( 200gm ) cost $10. One day when I got back to civilization I went to a gas station to get some junk food. They had the big candy bars 3 for $10. So I bought three. I told myself these should last me a week. About 15 min. Later they were all gone. Cycling all day for 1000s of Miles makes one hungry.
I wish i was at least 50% like you
Dynamite Kitty that’s me. I can’t decide because everything cost to much to me. I’m a saver
I'm locked into every and anything Dave has to say......I need all the advice I can get at this point . I'm 35 and have nothing, but a job
Roy_Thousand #3 should be #1
You are young and have your whole life ahead of you, now you have a road map with Dave. You'll be ok
I am 40 and also have nothing but a job.
@@gustavonation Keep reading Dave's books and walk the steps. Maybe it's time to rethink the job and get into a more lucrative career. I slept in a Volkswagen and put myself through Cosmetology school, then I worked in a salon and could afford to go to Nursing School. Take it in steps. I now understand it's the path I took that made me who I am today, not my finances I have now. Comfort, even if it's not all that comfortable is a trap into inactivity. Move, change, one foot ahead of the other, grow, seek new options. Become.
I’m 36 and just getting into saving up my emergency fund, have no debt and praying that I will be able to save up for a house one day. No jobs in my area and I’m doing my best to make my money work for me. 🙏🏼🙏🏼🙏🏼
I think there is a 4th skill with money: earning it/making money!
R L ??? That’s what he said
Budgeting
That's not necessarily a skill with money, that's a life skill
that's so true! I live within my budget, debt-free, have an emergency fund but my income is $13,000/year. I need more income!! Definitely!
Most jobs limit you by time spent to generate income. You need to think beyond active income and focus on building passive income. I recommend not to rely on a single source of income. You can consider earning extra income by investing in dividend stocks, high yield savings accounts, gig economies, real estate investing and reselling/flipping goods. You can earn by rewards on credit cards - using them for all monthly purchases then pay them off 100% each month. Take advantage of any employee programs offered at work that make sense. Hope this helps...
As a saver its always been easier to give and help others than to spend on myself. I think its because savers see money as a tool and will use it pragmatically. Also, being generous doesn't come with baggage attached when you over do it.
Infinity MFG I'm the same. I'm definitely a saver followed by giving. Spending on myself is something I struggle with.
Totally agreed with this. I am saver since when I decided to do charity work, I discovered this cannot be done if you are in debt and doing impulse spending. I keep ratios for all three: spending, saving, giving to keep in healthy balance. Budgeting and tracking expenses are part of my life. Many consider as a waste of time, but for me it saved me from lot of situations, especially form overspending. It gives me space to spend for fun without worrying from overspending.
When our kids were little we paid them an allowance. They each had three banks for keeping the money. Our ratio was 50% into savings, 25% into charity, and 25% into spending. They used their own money for Sunday School offerings, and buying things they wanted. When the savings bank was full we took them to the actual bank and made deposits into their accounts. If they wanted something that wasn't cheap they learned to save their spending money until they had enough to buy whatever it was they wanted. They both now have good jobs, masters degrees with no student loan debt, and no car payments. Life is pretty good when your children become financially responsible adults.
E Ahlers: Are you saver or spender? How you see the money? As much as I save moneys for rainy days, the more I view as tool. Emergency funds are the most reliable insurance in case if something goes wrong. It avoids using debts. Saving habits opens my eyes for longer perspective and gives it me opens options, when I want to invest it.
m
Im a teenager earning 300 pound a week, save 150, 50 to live at home and 50 for the weekend...worth 6k just by doing this
Absolutely brilliant.
With what I’ve learned over two decades investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
@Ralph Zimmerman I work with Levi.J.Clemans, a pro fiduciary.
@Ralph Zimmerman I work with a pro fiduciary, sir Clemans. Here look him up
Leviclemans,info
on his webpage you can look him up online, and connect with him.
I see your point Jeff, and it’s a good one. It’s false to think that taking increased risk guarantees you more money, you wouldn’t bet on a pony in a horse race.
What Dave says about the psychology of saving or spending is at the heart of the matter. I am hard-wired to be a saver so I get how it might be to live on the other side. Some people think spenders are just stupid or morally deficient but that's not right. They do need to override their tendency to overspend just as I need to override my tendency to oversave.
Starting tomorrow morning I'm doubling my income through a windfall at work. I'm glad I heard this. Dave is the man.
My 3 Basic Money Skills:
1. Earn money (this is a obviously a prerequisite to my next skill)
2. Saving (open a high-yield savings account for better rates than commercial banks)
3. Earn compound interest.
1:31
He mentions the 3 skills
Saving
Spending
Giving
I'm separated, work hard physically. When I had my ex (dual income) we cooked all the time, priced matched flyer groceries, etc. Was able to save.
My eyes were opened just yesterday with my monthly bank statement in the cost of eating out/ buying prepared meals.
NOT HAPPY!
This is my doing I admit. After a tiring day pushing myself at work, find it hard to justify cooking just for one now. But such a high price in the end .
Need a change for sure.....
Chris R You can do it! Meal prepping is your friend! Probably a thousand plus how to videos here on RUclips!
There are videos online teaching how to cook once a week and freeze it for the next days. I hope it helps....
“Earn all you can, save all you can, give all you can” - John Wesley
This is beautiful I’m a saver a weaker earner(could be doing so more I feel but am tuff on myself!) and a grateful humble giver. My mother and father gave and gave and I never understood its part of the 3 keys to the individuals basic money system and spirituality. I loved this to break myself down honestly! Thanks Dave. We were never taught nothing about this in schools. So lucky to hear this laid out in words it all makes sense now and it’s most basic form.
Waiting on the housing bubble to pop so I can purchase my first house....in the mean time, save save save
Makaveli The Don the housing market is hot dude
Awesome job!! Keep it up!!
You don’t want it to pop.
Makaveli I'm in the same boat... Good thinking
Smart, very very smart.
I’m totally the spender. I am known to be very generous too. I didn’t realize this connection of not having a hard time releasing money. Thanks to you I’ve learned to love savings and the beautiful fruit it produces. So thankful for you Dave. God bless you.
Dave is my “Rich Dad”
Same
Uncle 😂
I'm wired as broke af
SuperPhdiva me too
Hahaahahahah laughed so hard
SuperPhdiva 😂😂😂😂
😁
😂🤣😂
A money skill that is important is to keep things simple. People get too cluttered with money by spending it on too many different things and can't organize how much they spent. A money skill they need to learn is how to budget.
😉
My gramma always told me that any money I have left over after paying all my bills, I should split in half. Half of it goes into my savings and the other half is what I have to spend. It's taught me to really be a bit more frugal with my money. Thankfully, I've never had to borrow money, and I've always been able to go out and enjoy myself even though I budget my spending. I don't have debt, other than a car I'm paying off, which is already part of my bills anyway, so I don't struggle at the thought of how I can get by.
Now that I've found Dave Ramsey, I'm picking up a lot more ways on how I can save even more and perhaps budget even better. This is a godsend.
I was wired as a spender before I had a family. And my husband would sound money very irresponsibly on small gambling debts, cigarettes, and any scam that sounded like a sure deal to him. Our family suffered and we would argue over how the money should be invested and saved. It was always hard for me to save. My children and raising a family taught me take better care of things and work to save. So I could give more generously the way my heart would like too.
There was a girl I was interested in dating. We were friends for awhile and when I finally told her how I felt, she said I was "too thrifty". Needless to say, it did not work out. I am naturally a saver and I want to be financially free (I am on baby step 3). It just feels bad to be rejected because I am not spending enough money on myself.
No worries. I bet she has debt now.
burritohero7 FORGET her , take care of yourself, that's a 1# list
I'm not going to say how much, but you are right...and it's a lot.
E Ahlers You're absolutely right. He's also better off without her.
After you build wealth then she is going to want you and I think you know what to do when that happens....
That’s powerful. “The only reason I save and build wealth is so I can spend it and give it” thanks Mr. Ramsey
At 81 it is never too late to save for a sunny day and help others.Thank you Mrr. D Ramsey.
I’m 13 and if I keep it up I’m a be 1 step a head on my generation
We are blessed to have you Dave Ramsey!!! You make a big difference in this world🔥
Dave taught me how to “pay myself”. I am not wired as a saver but just watching the show reprogrammed my brain to be otherwise. Baby step 3 is 3/4 done while my 15% retirement has already been established. Thank you, Mr. Ramsey.
I am trying to get there..
I’m wired as a spender. But it takes a lot of work to sacrifice your lifestyle, saving, budgeting, etc. once you’ve done these things you actually start realizing it’s actual value. It changes you.
Im a giver alright, I give to my bank to let me drive their car, I give to my renters to let me live in their house, and I give to Verizon so I can use their cell towers, I give. XD
Best comment lol
Hahaha good man.
You also give to the government in the form of taxes.
Best comment ha!
Hahahaha...
Yes, part of proper spending is giving.
Dave, I give to the government with every pay check!
“The power of generosity “ I love it
I seem to be struggling with all three(spending,saving,giving), but at least not at the same time.
When the poor learn the rules of the game the rich cry foul
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@michealdouglas8206 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Buy a reliable used car. You are also buying peace of mind, which is priceless (no more breakdowns, saving on repairs, no embarrassing calls to friends/family to pick you up, etc.). Ask the dealership if they have any cars that are previous rentals with less than 20k miles or that are 3yrs old or less, or cars that are a different brand than dealership that they want to get off the lot. Also, online car prices are cheaper than going to the physical lot. If you see a car you want for a cheaper price online, just print it & take it to the dealership. They'll look at you like you're a genius.
What ive found out is that “giving” is the blessing you get when you are on the right path of your journey... when youre not on your path, paying the tab for someone’s retirement/birthday/etc dinnerat Applebees would be a challenge
Wait, Dave himself was a spender???! Did I just hear that?!😂
😂 yes you sure did. I heard that too from Mr. Ramsey.
I heard it too!!! Holy cow. Can't believe my ears.
He used to be broke and in a pile of debt. That’s why he teaches was what teaches now
He can with all that money he is making.
J Salter he got rich then went broke then got rich again
Saving is just a tool it don't get you wealthy, you need to invest savings into cash generating portfolio that will work towards wealth creation.
I totally agree✓✓✓
I agree to these because my money just sits in banks and don't grow as I want it to, what kind of portfolio do you recommend.
@@valdemarjohansen9340 same here.
@@valdemarjohansen9340 there are several Investment opportunities out there, you can choose to own a stock trading portfolio like I do and buy up paying stocks. This has proven to be a very profitable venture for me these past six months.
I have heard so much about the stock market and how profitable it can be but I lack the education and experience of the market, any tips you share would be very much appreciated.
1. Pay your debts. 2. Max out your retirement account.
I don’t know about that.
1.5 Have something that makes money for you
Yep. That's the entire program.
Dont get into debt into the first place.
@@chrisbaker2669 *hope your parents are rich enough to be able to pay your college education for you, then you'll have no need to ever get into debt
|Started listening to dave for while and I have caved out a financial plan first time ever. God bless you
I love what he says about giving.
There are always multiple calculations going on behind my head when it comes to spend and save... definitely calculate a giving part is the hardest
Gotta start with being a good saver first with time you can open up your spending and giving.
I am always struggling with the spending part, even with money set aside and earmarked for the issue at hand. I just hate seeing the balance drop significantly... I am working on the giving part. Baby steps there. I recently earmarked a certain amount in the budget each month for the school's food pantry, which feeds (and sends home food with) kids in our area who are not getting fed at home for one reason or another.
I don't put the $$ earmarked or issue at hand in the bank, just so I don't see a drop in balance. I got a big bank I put it in at home. LOL Depending on earmarked amt. I open a quick passbook (yep) svgs acct at another bank solely for earmarked item(s) & this works for me because I'm still saving in my mind (tricking it so to speak) & when spent I feel like I got it for free because I don't see the drop in major/real svgs acct. LOL
Ive been listening lately, and have really appreciated the concepts you've shared, thanks.
In Spanish there's a saying, "Lo barato sale caro", which means, "The cheap, turns out expensive". With that in mind, having a reliable car can be waaay cheaper than trying to save money and get something that will break down. I am a saver but I got me a brand new car, and almost 7 years later runs great. Ramsey makes it seem like getting a new car is for "spenders" not for savers. I disagree, I will long term save with a new car that has high fuel efficiency and won't give me problems for years to come.
Truetothat454 I have to agree with you. I had my car for 15 yrs, i repaired it and babied it. Last 12 months had about $2,500.00 put into it... then a lady ran a red light and killed my car. I had no full coverage so her insurance decided to believe her and did not pay me for my car. I had to buy a newer car, get Car payments, but I'm covered for the next 100,000 miles. 😣
It's just not good value. Why buy a brand new car cash at 25,000 dollars when you could buy the same 25k car one year later at 16-18.5k with only 10-15k miles on it. That's 7-8k in savings.
@@babymend8980 invest in dashcams
Brand new cars break down too
Love the Chick Fil A biscuit analogy!!
It's all about ratios and perspective. That and some people just need to mind their own business.
What is that?
Wish I had money for a chicken biscuit
I just love chick fil a biscuits
That lemonade though 🙌🏼
There’s research that shows that people who give more tend to be happier. The second way to enjoy money is to spend it on experiences. Purchasing material things falls last in line in regard to what increases people’s quality of life. Obviously there are exceptions to rules. Sometimes you need a decent car so you aren’t paying the extra in bills for repairs, breakdowns, etc. However, I love how Dave mentions giving in abundance as a way of changing one’s life. It really does make life better when your money to help people, or even just give. Maximizing on it would be both spending on other people AND experiences.
I absolutely love learning from Dave Ramsey!!! He keeps it REAL! If people have done everything they are supposed to do they have the right to enjoy their money ! People are so jealous they claim every wealthy person is greedy it’s just not true. I had so many scholarships in college from wealthy people. Give and it shall be given unto YOU!
I was struggling with spending for the last few years, but I'm slowly learning how to enjoy the Money and in turn, I'm really enjoying life more. I was like, hey! "I can buy new clothes that are not on sale at an outlet and I can afford Popcorn at the movies and the kid can ride as many rides as he likes at the fair, etc." It's a great Feeling to not be constantly restricting myself - now I have to get my husband in the groove...
I’m slowly piling up cash to replace my 17 year old, 310,000 mile car. Trying to get as much as I can saved up for the unknown date in the near future where the repair is just not worth it and I buy something newer. Yes, that savings will be gone, but if I have a more reliable car, the peace of mind will be worth it.
lovethemflowers
Just do a really good down payment and pay off the balance as quick as possible. If you have a big down you really don't pay that much in interest. My first car I bought I paid just over $2000 in interest.... That $2000 was 100% worth having a reliable car again that I then drove the next 9 years. Buy a newish car for like $10k. Don't go buy some 30k car and get a loan for it.
Buy a Honda or Toyota
You had *17 years* to save up for another car.
@@bguen1234 the car is 17 years. *He didn't have it for 17 years.* I'm in the same situation. Saving for a better car once my 20 years old car stops working. And again, the car is 20 years. I didn't have it for 20 years. I was 9 when it came out.
@@driverman9528 that's what I have. '99 Toyota Corolla. Next one will be up in years. I want to skip a decade tho. (2010) But even if it is 5 years younger ('05) I'll be glad :)
My previous car was a Subaru 1998
When I tithe to my church it’s crazy good I get so blessed after wards ! It’s jaw dropping
You can drop more than that in your tithe when you invest
God is blessing me with your words! Glory to God ! Thank you your enrrgy is highly appreciated!
“You been doing beaters” I don’t know why that was so funny to me 😂
Ever since listening to you dan, i have opened my eyes. I had a brand new toyota prius 2016, 3 yrs later i owed 20k....when i bought it for 30k total. Listened to you, and i could only fantasize what it would feel like to save the monthly payments (550). So i sold it, and paid the remaining balance since it wasnt worth the 20k i owed...now i have saved a couple thousands QUICK, and have bought a reliable small car which paid cash for....still saving money. It's like i gave myself a promotion by just not having any debt lol
God bless you Mr. Ramsey
Love me some Dave! Currently on baby step #3. I’ve always been wired as a spender, that was also my parents spending habits too, we often follow the same poor (if it was poor) financial model our parents had. Breaking the cycle and creating a new model now!
So very true. Thanks Dave!
Jordan Peterson is help bring back responsibility and meaning.
Dave Ramsey is going to help bring back financial responsibility and peace.
?
@@ParaREZX kinda true though
Jocko Willink is bringing back discipline
You forgot the fourth one: "Making Money."
Invest in your OWN productive potential 1st, make yourself valuable not cheap and expendable.
I save so that I can spend. Money is literally made and meant to be spent, it's not something you collect, it's a bartering tool. Hoarding money and never spending it accomplishes nothing, that money you're saving needs to be FOR something.
Mike D I would give it to dog and cat shelters
Disagree. Having money is freedom and a form of insurance in case you need it. There is value in having it.
Matthew M Save your money and one day it’ll save you!
Mike D Not unless you like some families like he said. Some families consider the concept of having money to give to your family when you pass away as a religion. That’s what’s its all about, making it easier for the ones that you created (if you have kids), or your loving wife.
I got inspired as a NL citizen! Even have my GF made a retro letter-sign in our home that says ''Live like no one else now, so you can live like no one else later'' ''Dave Ramsey'' Really get's you to think!
If only we got taught this stuff at school
Bbbb and
Just gotta replay these videos back to back everyday to make it tattoo in my head. I’m hardheaded and tbh these videos just keep putting me on check
By the way, without my consent, I’m giving half my paycheck to the government in taxes
Yep, not just paycheck, but property taxes as well.
Social Security, and Property taxes are scams.
Me too . Gorv sucks
I love seeing the notes on Dave's desk. :) Organised, responsible and always giving ...
Hearing Dave say he wasn’t always a saver and he spends more as he gives too because that’s who I am. I get the best gratitude by giving to others but I needed to make a decision on my own finances. I know my direction and focus with the right advice I’ll see financial freedom because I only hope to make more to give more. Putting it into the universe.
I initially did the lump sum buy, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.
Same here! I will choose jogging to my destination than driving because it will cost money parking and for gas.
When you see money as time and sacrifice....you see it in the proper light. You become apprehensive to spend it. You think harder how to spend it. This is why work is essential to a person's life to get that perspective.
I appreciate all the wisdom, knowledge and religious insight to making good financial decisions, I hope one day to make it through your program with my significant other✊🏽✊🏽
Dave I've got one paid off...4 to go. On my way though..
It’s honestly wild how no one is talking about Whispers of Manifestation on Borlest. This book is next-level.
It was kinda difficult to eat out after saving hard, but when it was framed as an opportunity to tip extra to make a waitress’ day, that made the spending fun.
Thanks for the no ads
Don't fall for student loans. It will ruin you financially. Luckily I beat the system and didn't fall for this b.s.
Really good advice!
College is a scam..... Just like auto insurance.
So what should i do instead
@@leoloveslyfe2135 Read my ebook. college debt slavery
Yes People enjoy your money!. I worked so hard that when I could actually spend some money. I had no idea how to enjoy it. I actually had to watch my friends and see how they enjoyed it.
I'm so much like you Dave. Spend & give. Saving is hard, but very important to do.
When I was a kid I was a total saver. As I got older I became a spender. When I got married I became a giver. I feel pretty well rounded right about now.
OMG! You are amazing! People never adds "Giving" in their financial equation, specially when they speak to public. If we had few more advisor like u, I believe, the world would had been be a much better place. God bless you. Thnx
By the way- if you’re a tobacco chewer. Grow your own tobacco. One season can keep you chewing for years. Top notch Tobacco seeds are $3 and produces a ton of tobacco