@@marblox9300it happens. We had life events that put us in that position. It wasn’t from shopping, the home heater went out. Needed plumbing done. Cars need tires & repairs. Etc. No $$, put it on a credit card. Then you’re in trouble. BUT should be out of all debt in 3 years. 👏
I'm almost there! Mine will be gone this year! I moved the balances over to 0% interest cards and set autopay to have it all paid up well within the 15-month time period. Then it's done!
I was late to budgeting. My consumer debt in June 2020 was over 115k. My consumer debt now is under 45k. I make less than 6 figures, homeowner, live with a chronic illness. I'll never go back to my old ways.
I packed my lunch to run errands and go to appointments today because I knew I’d be out through breakfast and lunch and be starving and ain’t no way I am gonna pay $15 for a crappy fast food meal when I want to pay my car off this month. Yes, everything is more expensive but planning and sticking to a budget goes a long way to making it work to pay off debt quicker.
as a kid with no allowance i had no money to spend as an adult im still having that same mentality and spending money on materialistic things gives me emotional pain 😭 buying name branded groceries that are 20% more expensive? maybe on a special occasion 😎 buying a new car for 50 or 60k? ID RATHER DIE LMAO
We dug out of six figure debt in our early 30s and have committed to living debt free since. 10 years later, life is awesome!! Just paid 60k in full for a procedure, about to replace both vehicles, in cash. We invest 30% of our income and live waaay below our means. So grateful we found Dave Ramsey years ago. It changed our life!
@@metalmike570 because sometimes , you live wayyyyyy longer than you expect , just look at homeless people without money. Imagine, you live till 80. Lol penny less and broke for like 40 years.
@@Omega-s6s In warm climates, maybe a woman like her could go a decade from 70. But this winter had some really rough times. Like 8 degrees at night, I live in Virginia and remember last week. If something goes wrong with the car she'd be a goner.
If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get out of debt. make regular investments be debt free and financially stable
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Lisa Grace Myer for the last five years or so, and her returns have been pretty much amazing.
Thank you for sharing, I must say, Lisa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
It takes a long time of living below your means and consistency to get out of debt. We are finally almost there. We still aren’t exactly where we want to be. I’m going to say we have been working on it for at least 10 years!
I know he’s talked about it a little bit but I think it is super important. You need to know EXACTLY where every penny of your money goes. Budget Budget BUDGET!!!!
If I start telling people about a goal that I have, I am WAY less likely to follow through with it. I believe that characteristic is called "demand avoidance," and it very much applies to me. If I want to actually accomplish something, I just put my head down and do it, and tell people about it after I've accomplished it. Anyone else?
This is what I do but for me it comes from business. I have always owned businesses and not only does no one ever seem interested, they used to never believe me when I told them how much I made. So nowadays I just do things and when they see us taking all our trips or buying everything we buy, they know, but I never tell anyone anymore.
Im actually complete opposite, but I empathize w the keeping head down / get er done attitude... For context, Im an introvert who has always been underestimated; so, family / friends always poke, prod, then snicker - however, Im a very stubborn, independent, yet resourceful fella - I finda way usually after some stumbles / clumsiness...
When I was growing up there was no credit cards no debit cards. We paid for everything in cash ,we didn’t have the cash we didn’t buy. Easy never felt deprived.
I’m old but I have been debt free for the last ten years and it’s such a feeling of freedom not having a mortgage or car payments or credit card bills. I only buy cars when I have saved up the cash to buy them and I pay off my credit cards every month so I don’t pay interest. I’m still working at age 70 because I own the business and I’m healthy and make good money and I like what I do. My joy in life comes from spoiling my wife, daughter and granddaughter. I grew up very poor so I really appreciate the basic things in life like food in the fridge, clean sheets, a hot shower and socks without holes in them.
I watch these videos all day. It’s helping me so much learn about money and healthy financial management. God bless us all who want to do better with our finances 🙏🏽
You have some fantastic content on your channel. At 53 years old, my wife and I achieved a net worth of $1 million back in 2017. Fast forward five years, and it has grown to $2.4 million. Despite our combined annual salary of just over $100,000, we have adopted a frugal lifestyle. We continue to drive older cars, prepare meals at home, and make use of leftovers. Additionally, we have two children currently in college. Fortunately, we had saved for their college expenses, and they are contributing by working part-time. As a result, they will graduate without any student debt.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just copied and pasted Annette whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
The girl with the $70 for pizza and wings for 1 person is crazy. I have spent that for 3 adults and a kid and I still felt that was a lot. She is not serious about her debt.
ikr! Tomorrow we are going to this pizza buffet and it will only cost $25 for me and my grandson! And we can eat as much as we want AND some grade A dessert pizzas. We have no debt so we can afford it but there is no way I'd pay $70 for what she bought.
My wife and I make a really good living, and although we could afford to waste money like that, I simply can’t. I don’t enjoy the feeling of getting ripped off. That’s why I don’t gamble either.
The #1 Rule For Getting Out Of Debt Amid economic uncertainties like inflation, sluggish growth, and housing issues, financial stability can feel elusive. The #1 rule for getting out of debt is to stop accumulating more debt-live within your means, prioritize essentials, and pay off obligations. True security comes with long-term planning: invest strategically to grow wealth and protect against future instability.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
I consistently recommend Jennafer Beaver Turner as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Amazing video you've absolutely said it all. I've made a smart reinvestment, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and i'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
Like I said I'm currently consulting with Matthew D Heck for guidance, This way you can get designed patterns to address your unique long/short-term goals
I love reading people's success stories in these comments! In some ways getting out of debt is like the most I've felt alive. Everything counts, and everything matters. Love you all, genuinely pray for our collective success
At 56 I finally hit rock bottom and finally said “ Enough😢” 100k in debt( car, cc, personal loan, eating out, lifestyle, travel) living waaay above my means to keep up with friends. Got fired with no one to help. Fast forward to today. 63, debt 🎉free! Investments, EF. I still got a long way to go but thanks God I’m not where I use to be. I do the bare minimum socially: amazing how much you get save/ invest when you renew your mind. I save 30k/ year now on average salary
I’m so sick of these people whining about their debt that they created. These people need to learn about personal budget responsibility. Put on your big boy/girl panties on and take care of it.
Me: 63 years old, retired 3 years ago! But, I was debt free with $500K 😊 I did not ever try to keep up with the Jones!!! Being homeless in my later years was a terrifying idea and a huge motivation.
Good for you! I'm almost 44 and tired now.. nevermind when I'm 64. I want to be able to relax and enjoy life. Thinking about that motivates me to save and invest.
Same with me It’s taught me that as long as I have a roof over my head healthy And a income A fancy car is just 🍒 on top A big house is just 🍒 on top Kids and a wife is just Cherry’s on top A big truck is just cherry’s on top Since being homeless I like to budget save invest I don’t even go out to eat anymore
Good job, but - What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
We choose not to pay off our car loan a 2.49% faster or all at once (have 2 years left). Replacing a falling apart 42 year old kitchen is more important to us.
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started JJ?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400K from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Lauren Christine Campbell is the CFA I work with and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I absolutely love these videos my friend. These have motivated me to absolutely get super focused and technical with my debt free journey which I’m tracking and holding myself accountable too. I truly love these videos every time you talk about these things it gets me hyped up keep it up bro! I’m absolutely crushing my credit card payoffs this month and when I finish we are on to student loans and I’ll be all done! 2025 is my year that I will be debt free! Not that I think I will be. I KNOW I WILL BE. Thanks for the motivation JJ
Sad thing is that my dad passed away at the age of 59 my mother passed away from a massive heart attack at work at the age of 62. She loved her job and was planning on staying there while after retirement age
I work so I can retire I don’t work because I love work I don’t love doing things like sweeping picking up poop humiliation Getting up early…using the restroom at work I don’t enjoy sweating Maybe if my job was comfortable but I don’t enjoy restroom bathroom breaks much I want to do all this at home I don’t even enjoy eating out I don’t like going to other peoples property so they can tell me what to do I don’t enjoy people being in charge of me I hate clocking in I’ve never had a job I like lol
JJ I want to say thanks for the vids! I've been watching your videos for the last few months and they have helped a lot! I'm 22, fresh out of college lol, no credit card debt, no car note, just student loans, which I plan to pay off by the end of the year to be debt free! 🎉 yay lol! I'm looking forward to a debt free future ahead of me! 😊
I cut out getting any delivery ever and I literally have saved thousands a year easily without changing anything else lol people don’t understand how much extra on food they’re paying by getting everything delivered
Well one leads to another. This is the bad side of having no regulations. In many countries it is not legal to give so high credit card depts. And if you overdraft it is also not possible to apply for another card. In the US it's no problem. Just apply for another card.
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
that's incredible! would you mind if I vet your advisor please? started investing in stocks november 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals
Melissa Terri Swayne is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Take it from someone who has gone through the ringer. People assume things will get better. Always assume financially that they'll stay the same or get worse.
This also reminds me of what I say all,the time to myself when I want to say “ I’ll do it later because I’m busy now.” I say to myself and sometimes,out loud “ later will be just as busy or worse than right now, so do it now!” It took me decades to really learn this, but it works and is true!.
I've been in sales for 17 years and you plan for the peaks and valleys. A good month doesn't mean a good time, it means you're saving for the bad month which there always are.
@pontus.andersson but it's debt until he sells it and houses are not selling like hot cakes right now neither are cars. Not many people have $30K in cash to pay for a truck.
I’ve noticed as I have watched countless house buyers in America they buy a house for an ungodly amount and they say they love it it’s there dream house then they rip out a kitchen, a bathroom ,etc. Now I can no longer watch these home shows because they drive me insane. Hate to see what they would say about my 1953 house . Original kitchen, no Reno’s , except paint . Never wanted a fancy show home always said would need a housekeeper to keep it show home ready. not!
I paid off all my debt last year. I now only have 1 credit card. I definitely learned my lesson on how easily it is to build debt and how hard it is to get out of debt. my money is officially my money .
I'm 65 and enjoy your channel! Retired at 59 and I kind of practiced what you have - paid off house, debt free many years, drove older rigs and few vacations. Got the kids through college and married. Safe to say we enjoyed the journey, but didn't do the boats, ATV's, Suburbans, and all that stuff. Not that difficult if you can work consistently - I think that is the thing that can throw you a big curve!
We had a lot of debt that consisted of 5 credit cards, a parent plus loan, two car loans, a mortgage and two personal loans. That's 10 different loans. Our budget was so complicated, with 10 lines of debt payments every month, very complicated and heart wrenching. One of our motivations consisted of reducing the number of debts to simplify our budget. Now we have no debt and are saving and investing a crazy amount of our money and it is a simple matter to budget.
JJ is swimming against the current. Most people confuse 'investing for retirement' with 'saving for retirement'. As you age, you should become more risk averse.
Definitely, sticking to a budget is important. Make as much money as you can. Change careers if you have to. My wife and I are busting our butt for a higher income. Our yearly bills is $65K which is living simple. We're pulling down $300K a year. I have about 7 years to grind hard as our income should will be around $360K a year by then. We doubled our income over the last 5 years. Don't give up on yourself.
Let's be honest. Most of us, that is millennials and Gen Z, will not retire. Everyone seems to forget that the concept of retirement is a fairly modern one. Now we are returning back to a cycle that is far more traditional which is working longer while living with extended family members.
I would say having family members that are users has impacted me so much financially. I have a crackhead brother who decided to have 2 kids in 2 years with his crackhead girlfriend. I don’t speak to him but she ended up getting kicked out her moms and my mom told her she could stay with me before consulting me… taking care of 2 toddlers and a grown adult woman who wants to keep having babies without a job is expensive. And they were tearing up my apartment. Even getting her to apply for assistance was a struggle. Idk if it’s the pills getting to her head but i gave them a date and told her she could not stay with me and has over stayed her welcome. If she wants to give up custody me or my mom will take the kids but im not taking care of a grown woman who wants to be lazy.
@@beckypetersen2680 it was suppose to be for just a week and now it’s going on 2 months. Like it’s getting ridiculous and now my mom won’t even respond to me when I try to tell her they need to leave.
always always have a plan especially when buying a home we bought ours did not know about the standing water and lack of ventilation under our home and the home is now so far water damaged and we still owe 80k on it never let anyone dictate to you what to do when buying
Guy number one needs to stop answering the door to solar sales people. That 22 k loans is really 40k+ once paid off. That’s more utilities than I’ll pay for over the nest 20 years. In addition he’ll still be paying for electric anyway.
January 2020 I paid off all my debts-credit cards, loans, etc. 5 years already time flies by. I spent way too much on food last year and on Dec 31st I decided no more soda, no more junk food, only get pizza 1x a month ($50 where we live). A month has already gone by and it's been great. I can save another $200 this month because we're not eating out.
If you’re a slob in other aspects or your life, you’ll be a slob with your finances. Teach yourself discipline with your finances, nutrition, exercise, and cultivate healthy relationships. It’s all connected. If you’re sloppy in one, most likely you’ll be sloppy in all.
One of the biggest change I did was not to associate happiness and insecurities with material possession. I was pretty broke once but I would never gave up this freedom I have right now for any material things, during those financial difficulties I have always motivate myself that every unnecessary things I bought is an ounce of my freedom I'm giving away. On average we only have 30 years of adult life, after that everything falls apart then why spent it in misery. Its not how long you live but how you live your life that matters.
It comes down to self control and smart spending. When tempted to unnecessary spending, just say NO!. Bars and Restaurants should be a no no if you are so deep in debt. Find a cheaper grocery store to shop, your money will still go further and buy what you need, don't just fill your shelves because I guarantee the majority of you have crap in your fridge and cabinets that just sit there expiring. You can get out of debt quicker than you think. Dave Ramsey's program is tough but it works!!!!
My siblings and I talked about this as my parents are retired and getting older. Not only do we need to stay debt free but also as my parents as well especially once they pass, we don't want to be in a position where we have to pay off any of their debts, so far we're all doing great and my parents have no debts.
Start small. $25 a month automated payment from your checking account to a saving account. Automate it for the day you get paid. You won't notice it's gone but overtime you can increase the amount and keep readjusting your lifestyle accordingly. You have one less drink on a night out. You don't buy the bag of chips. It's just little things here and there. You'd be amazed how fast they add up. I started small, £25 per week, then £50, jumped to £100 currently do £125 per week. It's about 30% of my income.
It sounds as though you may have a wage problem? What type of work do you do? What city are you near? I bet I can tell you 2 things that will double your income once I know the answers.
@@tarrantcountylive455 Many feel lucky to have a job in this economy. Also a lot of people have to decide between higher wage with longer commute vs. a shorter less dangerous commute especially when you live in a state where winter driving is very hazardous. Consideration also has to come down to staying at a job that is not stressful with friendships vs, leaving for something that may be too stressful and make you miserable and wish you would have stayed at your old job. Have seen many friends have this happen. If a job pays enough to live, is close enough to home and is somewhat enjoyable to do it is a blessing.
02:26 seeing this play out with my parents, (am mid 20s) already panning out on occasion that I foot their bills. Unlikely to retire with their efforts alone (both still working).
For my family, it isn't debt. It's spending. The spouse absolutely can not stop spending. Blows me away. I put away alot for retirement but am still should have more than enough to cover living expenses. But with their spending pattern, I would need another, similar paying job just to cover spending and "needs".
This is not going to fix things......but we try to save $$ by making soup 1ce/week. We look in our fridge and put leftover veggies and meat (that would be going bad in a day or two anyways) into a soup. Even just make it with water and spices. "Saturday Fridge Soup". Good luck to us all... ✨😊✨.
We should be okay when we retire. We add 62000 a year to our 401ks combined. we have fifteen years left to work. I’m not worried. But millions of Americans aren’t in the same shape.
I currently have over $12,000 in a high yield savings account for the purpose of paying off my last student loan in addition to working 2 jobs. (I've been budgeting & living way below my mean)(I also gain compound interest from my dividend stocks)(Pure determination, drive, focus, hardwork, & discipline are the tools that keeps going with this task)
Writing everything down what I buy looks like a lot of work but it really helps. I have some friends that life paycheck to paycheck or need to borrow money from time to time but still dont want to do it because they say they don´t have time for that. I just need to sit down 10 to 15 minuts every month. Sometimes I am even faster. I cant understand why people cry that they don´t know where the money goes but dont do that simple overview. 😢
I was 28 ...bought a house....got into 100k worth of debt on top of my 317k mortgage Today I have 0 debt and have my house half way paid and I'm 39 Don't get into debt ....debt is cancer Get rid of it
I rather work till I die, not that it would be a must, but as soon as you retire what are you going to do, I would be so bored and I really love working gives me a purpose, now I just pray that it will be on my terms and I would be ok if i physically could not work, but I really do believe I always want to work
That’s a thought, too. Work does give us purpose. If it’s not back breaking physical work than sure, why not. There’s no rule that says we’re entitled to lay on a beach for 20 years.
I can think of plenty to do. I could ride my horse, travel, read, garden. Genuinely blown away by people who can't find things to do outside their job.
I actually sold my businesses and retired when I was 50. 3 months later I started another business I got bored. I'd go crazy if I had to sit at home all day every day. I'll work until the day I die.
@@krn2683 It's not all it's cut out to be. For some it's ok, for me and my business partner, we had both retired and then we decided to go to work again so we started a business together. Listen, my wife and I still travel a lot. We just got back from Destin for Christmas, she is arriving in New York City as I type this. I go dirt track racing 1-5 nights a week. It's still boring when I'm not thinking of ways to make money so I will work until I die.
I owe 400k I have 400k in savings I'm 52.. no car debt just the home. 20k on zero interest credit cards.. when I retire, I'm leaving the country and can't afford a good life in the US..
As a mortgage broker, how do you handle the times people are wanting a mortgage payment that is going to be way to high based on their income? I am still shocked when people have payments that are 40% or more of their take home pay.
Ive got close to 7 figures in my investment account and live off of the dividedends it produces. I have no family, I dont work, I vacation all over, hunt, fish, dirtbike, have lots of toys and hobbies, and yet im miserable. Secure, but miserable. Money dosent buy happiness thats for sure.
That one caller said “I am not looking forward to this” (relieving debt). Already off to a bad start right there. Defeatist attitude can be flipped. Example. “I Can and Will do my best TODAY to make a good financial decision!” Can be a simple as not buying an item, meal planning or staycations. Whatever the idea balance it with “I am 100% balancing and investing in my better future”.
I wait until after the 1st 6 mo of the year to have subscriptions because I figure thats really how much I use it. Then I don’t spend on high ticket items until the last month the year. I just save money and buy essentials to live. It’s great to have money in the bank.
A 401K is a tax trap! Convert yearly to a ROTH IRA. if your employer offers a ROTH 401K do it and if the match goes into a taxable non-Roth ira account convert it every year. Roth is the only way to go,
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
On Thursday I paid off the rest of my debt. $170k in 4.5 years, all gone. I feel reborn. My money is finally MY money
Dropping this here for you🏆
Congratulations!!!
You dropped this 👑
Congrats!!!!🎉🎉🎉
Ugh can't wait until I get to this point.
CONGRATS!!!! This is awesome!
Just paid off $80k in credit card debt this week. Finally crossed the finish line 🎉
Congrats !
Who the foo who rack up 80K in CC debt.???
🎉
@@marblox9300it happens. We had life events that put us in that position. It wasn’t from shopping, the home heater went out. Needed plumbing done. Cars need tires & repairs. Etc. No $$, put it on a credit card. Then you’re in trouble. BUT should be out of all debt in 3 years. 👏
I'm almost there! Mine will be gone this year! I moved the balances over to 0% interest cards and set autopay to have it all paid up well within the 15-month time period. Then it's done!
I was late to budgeting. My consumer debt in June 2020 was over 115k. My consumer debt now is under 45k. I make less than 6 figures, homeowner, live with a chronic illness. I'll never go back to my old ways.
Well done! Proud of you, keep going!
Brilliant 👍
Not bad..
What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
@@metalmike570being a responsible human and not wanting the stress of being a slave to debt all your life
Great! When the principal keeps going down, it goes faster.
I packed my lunch to run errands and go to appointments today because I knew I’d be out through breakfast and lunch and be starving and ain’t no way I am gonna pay $15 for a crappy fast food meal when I want to pay my car off this month. Yes, everything is more expensive but planning and sticking to a budget goes a long way to making it work to pay off debt quicker.
as a kid with no allowance i had no money to spend
as an adult im still having that same mentality and spending money on materialistic things gives me emotional pain 😭
buying name branded groceries that are 20% more expensive? maybe on a special occasion 😎
buying a new car for 50 or 60k? ID RATHER DIE LMAO
Healthier too.
Me too and don’t get me started on the over priced coffee shops.😮
Definitely💯
Yup. Make your own breakfast and lunch. Will save you at least $25 bucks a day
We dug out of six figure debt in our early 30s and have committed to living debt free since. 10 years later, life is awesome!! Just paid 60k in full for a procedure, about to replace both vehicles, in cash. We invest 30% of our income and live waaay below our means. So grateful we found Dave Ramsey years ago. It changed our life!
Allocate at least a small percentage to physical gold and silver
Happy news for me, I finally paid off the last of my private student loan last night! 🎉 It was by far my highest interest rate item.
Congrats! So proud of you. It must be a huge burden lifted from your shoulders!
excellent!!!
This is awesome!! Congrats!
Woohoo! Virtual celebration now save for the future❤
What was the rate? I'm curious because I never had student loan debt.
Debtor is slave to the lender
A man with no debt is a free man
sometimes ppl take loans to buy bitcoin/TSLA calls and make it big! that could be YOU! 😎 /s
but fr that kind of risk is not for me. hindsight is 20/20
What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
@@metalmike570 because sometimes , you live wayyyyyy longer than you expect , just look at homeless people without money. Imagine, you live till 80. Lol penny less and broke for like 40 years.
@metalmike570 hopefully you get out of this line of thinking sooner rather than later, assuming you're not very old and with no kids.
@@Omega-s6s In warm climates, maybe a woman like her could go a decade from 70. But this winter had some really rough times. Like 8 degrees at night, I live in Virginia and remember last week. If something goes wrong with the car she'd be a goner.
Only here to feel better about my self. I have no consumer debt and I paid off my home 4 months ago
Pain causes pleasure. 😂
Congratulations, I’m working towards that now, a paid off home!!!🏠
If you don't mind, how much was your home and how many years did it take you to finally pay it off
Heck yeah. I also have my home paid off and it has made all the difference. Now I’m able to save A LOT more.
But realistically you could lose your home still if you don't pay your HOA dues or taxes. So technically you own nothing.
If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get out of debt. make regular investments be debt free and financially stable
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Lisa Grace Myer for the last five years or so, and her returns have been pretty much amazing.
Thank you for sharing, I must say, Lisa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
It takes a long time of living below your means and consistency to get out of debt. We are finally almost there. We still aren’t exactly where we want to be. I’m going to say we have been working on it for at least 10 years!
keep going, don't give up
You’ve got this! Keep it up
I know he’s talked about it a little bit but I think it is super important. You need to know EXACTLY where every penny of your money goes. Budget Budget BUDGET!!!!
If I start telling people about a goal that I have, I am WAY less likely to follow through with it. I believe that characteristic is called "demand avoidance," and it very much applies to me. If I want to actually accomplish something, I just put my head down and do it, and tell people about it after I've accomplished it.
Anyone else?
Yes. It's very rewarding for one's self-esteem. It frees you to be yourself best friend 🧡
This is what I do but for me it comes from business. I have always owned businesses and not only does no one ever seem interested, they used to never believe me when I told them how much I made. So nowadays I just do things and when they see us taking all our trips or buying everything we buy, they know, but I never tell anyone anymore.
Same
Massively! The bigger/more important the goal, the louder this rings true for me. Always reassuring to know I am not alone on that front. 😊
Im actually complete opposite, but I empathize w the keeping head down / get er done attitude...
For context, Im an introvert who has always been underestimated; so, family / friends always poke, prod, then snicker - however, Im a very stubborn, independent, yet resourceful fella - I finda way usually after some stumbles / clumsiness...
You do not retire if your house is not paid off. Hello!
When I was growing up there was no credit cards no debit cards. We paid for everything in cash ,we didn’t have the cash we didn’t buy. Easy never felt deprived.
I’m old but I have been debt free for the last ten years and it’s such a feeling of freedom not having a mortgage or car payments or credit card bills. I only buy cars when I have saved up the cash to buy them and I pay off my credit cards every month so I don’t pay interest. I’m still working at age 70 because I own the business and I’m healthy and make good money and I like what I do. My joy in life comes from spoiling my wife, daughter and granddaughter. I grew up very poor so I really appreciate the basic things in life like food in the fridge, clean sheets, a hot shower and socks without holes in them.
I watch these videos all day. It’s helping me so much learn about money and healthy financial management. God bless us all who want to do better with our finances 🙏🏽
Hi.
Same here. For the first time I’ve got the mindset to save up for the 100 inch tv I want and pay for it cash rather than stick it on credit.
Same! It makes me so determined to pay off my cc and car asap
What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
You have some fantastic content on your channel. At 53 years old, my wife and I achieved a net worth of $1 million back in 2017. Fast forward five years, and it has grown to $2.4 million. Despite our combined annual salary of just over $100,000, we have adopted a frugal lifestyle. We continue to drive older cars, prepare meals at home, and make use of leftovers. Additionally, we have two children currently in college. Fortunately, we had saved for their college expenses, and they are contributing by working part-time. As a result, they will graduate without any student debt.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That's impressive ! I could really use the expertise of these advisors.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just copied and pasted Annette whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
The girl with the $70 for pizza and wings for 1 person is crazy. I have spent that for 3 adults and a kid and I still felt that was a lot. She is not serious about her debt.
ikr! Tomorrow we are going to this pizza buffet and it will only cost $25 for me and my grandson! And we can eat as much as we want AND some grade A dessert pizzas. We have no debt so we can afford it but there is no way I'd pay $70 for what she bought.
What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
@@metalmike570 I have a 800 credit score so I guess I can pile all kinds of stuff up around my death bed. I think I will buy a few Rolex watches.
@@hcox1111 Wow LMAO!!! 😆
This is bucket list debt.
My wife and I make a really good living, and although we could afford to waste money like that, I simply can’t. I don’t enjoy the feeling of getting ripped off. That’s why I don’t gamble either.
The #1 Rule For Getting Out Of Debt
Amid economic uncertainties like inflation, sluggish growth, and housing issues, financial stability can feel elusive. The #1 rule for getting out of debt is to stop accumulating more debt-live within your means, prioritize essentials, and pay off obligations. True security comes with long-term planning: invest strategically to grow wealth and protect against future instability.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
This sounds promising! Do you have any professionals or advisors you could recommend? I really need help with proper portfolio allocation.
I consistently recommend Jennafer Beaver Turner as my top choice. She is well-known for her expertise in financial markets and has an impressive track record.
I highly endorse her services.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
Amazing video you've absolutely said it all. I've made a smart reinvestment, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and i'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
25k a week, Nice meeting you friend.
How did you get started?
I signed up for a 1-on-1 trading session with Matthew D Heck… It's like copy trading, but with personalized guidance.
the session was secure and a supportive way to improve your trading skills while earning, the best part is there's no upfront payment required at all
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
Like I said I'm currently consulting with Matthew D Heck for guidance, This way you can get designed patterns to address your unique long/short-term goals
I love reading people's success stories in these comments! In some ways getting out of debt is like the most I've felt alive. Everything counts, and everything matters. Love you all, genuinely pray for our collective success
At 56 I finally hit rock bottom and finally said “ Enough😢” 100k in debt( car, cc, personal loan, eating out, lifestyle, travel) living waaay above my means to keep up with friends. Got fired with no one to help. Fast forward to today. 63, debt 🎉free! Investments, EF. I still got a long way to go but thanks God I’m not where I use to be. I do the bare minimum socially: amazing how much you get save/ invest when you renew your mind. I save 30k/ year now on average salary
I'm so close to paying off my credit card. I can _taste_ it. It's been a hard slog, but I'm almost done.
Woo hoo! 🎉🎉🎉 go, go, go !!!
Dude I believe in you, let's GOOOOO
You got this!!
But it's so worth it; Having no payments with exception of a Mortgage and paying that off too.
What's the big deal about getting old and dying with some credit card debt. Okay, come to the afterlife and collect it from me!!!! LMAO
I’m so sick of these people whining about their debt that they created. These people need to learn about personal budget responsibility. Put on your big boy/girl panties on and take care of it.
Me: 63 years old, retired 3 years ago! But, I was debt free with $500K 😊
I did not ever try to keep up with the Jones!!!
Being homeless in my later years was a terrifying idea and a huge motivation.
Good for you! I'm almost 44 and tired now.. nevermind when I'm 64. I want to be able to relax and enjoy life. Thinking about that motivates me to save and invest.
Same with me
It’s taught me that as long as I have a roof over my head healthy
And a income
A fancy car is just 🍒 on top
A big house is just 🍒 on top
Kids and a wife is just Cherry’s on top
A big truck is just cherry’s on top
Since being homeless I like to budget save invest
I don’t even go out to eat anymore
You HAVE to have a budget. I’ve paid off everything and have no debt. And don’t think bad things didn’t happen to us over the years.
Good job, but -
What's the big deal about getting old and dying with some credit card debt? Okay, come to the afterlife and collect it from me!!!! LMAO
Outside of a mortgage….everyone should be 100% debt free! It’s called discipline and delayed gratification 🎉
We choose not to pay off our car loan a 2.49% faster or all at once (have 2 years left). Replacing a falling apart 42 year old kitchen is more important to us.
AMEN
Agreed, people spend stupidly 💯👊🏾. And you are the only person that can fix it again 💯👊🏾. Love watching your videos.
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started JJ?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400K from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Hello, I'm interested in trying this out. Who is your advisor, and how can I contact them?
I Dey here bro 😊
Lauren Christine Campbell is the CFA I work with and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I absolutely love these videos my friend. These have motivated me to absolutely get super focused and technical with my debt free journey which I’m tracking and holding myself accountable too. I truly love these videos every time you talk about these things it gets me hyped up keep it up bro! I’m absolutely crushing my credit card payoffs this month and when I finish we are on to student loans and I’ll be all done! 2025 is my year that I will be debt free! Not that I think I will be. I KNOW I WILL BE. Thanks for the motivation JJ
LET’S GOOO!!! Keep crushing it - you’ve got this!
Sad thing is that my dad passed away at the age of 59 my mother passed away from a massive heart attack at work at the age of 62. She loved her job and was planning on staying there while after retirement age
I work so I can retire
I don’t work because I love work
I don’t love doing things like sweeping picking up poop humiliation
Getting up early…using the restroom at work
I don’t enjoy sweating
Maybe if my job was comfortable but I don’t enjoy restroom bathroom breaks much
I want to do all this at home
I don’t even enjoy eating out
I don’t like going to other peoples property so they can
tell me what to do
I don’t enjoy people being in charge of me
I hate clocking in
I’ve never had a job I like lol
I know someone who had an amazing retirement planned out. He died weeks before he could retire.
JJ I want to say thanks for the vids! I've been watching your videos for the last few months and they have helped a lot! I'm 22, fresh out of college lol, no credit card debt, no car note, just student loans, which I plan to pay off by the end of the year to be debt free! 🎉 yay lol! I'm looking forward to a debt free future ahead of me! 😊
Look at you go! I promise... Save some now and watch it grow. You're doing great
Thank you very much!! 😊@@laundrygoddess4
You are gonna live a great life if you stay on track ❤❤
Well done ! Stay motivated
Awesome 🎉
I cut out getting any delivery ever and I literally have saved thousands a year easily without changing anything else lol people don’t understand how much extra on food they’re paying by getting everything delivered
We do Costco pizza if we want to eat takeout. $10 feeds 2 adults and a toddler. Huge delicious pizza.
Yes! Can’t beat the $1.50 hotdog and drink either 😆
We do the same, we keep it in the freezer and if we don't feel like cooking pizza it is. And it's not half bad actually.
Except it’s 700 cal per slice 😮
We don’t have a poverty problem,
we have a spending problem….
Well one leads to another.
This is the bad side of having no regulations. In many countries it is not legal to give so high credit card depts. And if you overdraft it is also not possible to apply for another card.
In the US it's no problem. Just apply for another card.
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
that's incredible! would you mind if I vet your advisor please? started investing in stocks november 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals
Melissa Terri Swayne is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Take it from someone who has gone through the ringer. People assume things will get better. Always assume financially that they'll stay the same or get worse.
This also reminds me of what I say all,the time to myself when I want to say “ I’ll do it later because I’m busy now.” I say to myself and sometimes,out loud “ later will be just as busy or worse than right now, so do it now!” It took me decades to really learn this, but it works and is true!.
Hit 220k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 34k in November 2024
After two years of consistent payments, I'm officially debt free!!! Thanks for the video, this reminded me why I need to cut up my credit card!
I've been in sales for 17 years and you plan for the peaks and valleys. A good month doesn't mean a good time, it means you're saving for the bad month which there always are.
I’m new to the channel and 21 I been learning so much man and just know I can’t follow the same mess ups a lot of people doing
Start investing for your retirement NOW. Even if it's just 50 bucks a month - your future self with thank you.
That man is 65 looking to retire in 7 years with All that debt?!?
I hope he stays healthy until 72. If he gets sick or injured he is in a worse situation.
I dont understand, what the debt? The house, car and solar? He can sell the house and car and be debt free instantly. I dont see that as debt tbh.
@pontus.andersson but it's debt until he sells it and houses are not selling like hot cakes right now neither are cars. Not many people have $30K in cash to pay for a truck.
Cheaper to assume a recently deceased persons identity and just disappear.
I’ve noticed as I have watched countless house buyers in America they buy a house for an ungodly amount and they say they love it it’s there dream house then they rip out a kitchen, a bathroom ,etc. Now I can no longer watch these home shows because they drive me insane. Hate to see what they would say about my 1953 house . Original kitchen, no Reno’s , except paint . Never wanted a fancy show home always said would need a housekeeper to keep it show home ready. not!
I bought my house in 1983 and had it paid off in 1985.
Im almost out of a negative net worth. I have a few more months left and ill be debt free.
I deliver Door Dash for a side hustle but never ordered from Door Dash 😬
If only people understand what it means to be debt free... Keep up these videos my friend.
It feels GREAT 👍
Everyone who works in sales seems to be good at selling themselves anything and everything!
Makes a lot of sense.Debt is the enemy.
I paid off all my debt last year. I now only have 1 credit card. I definitely learned my lesson on how easily it is to build debt and how hard it is to get out of debt. my money is officially my money .
Paid off my student loans this week! 🎉
Good job! It probably feels great.
“Failure to plan is planning to fail”
I'm 65 and enjoy your channel! Retired at 59 and I kind of practiced what you have - paid off house, debt free many years, drove older rigs and few vacations. Got the kids through college and married. Safe to say we enjoyed the journey, but didn't do the boats, ATV's, Suburbans, and all that stuff. Not that difficult if you can work consistently - I think that is the thing that can throw you a big curve!
I've done the same as you and get given grief about not enjoying life. How enjoyable is being stressed because you're in debt?
@@laundrygoddess4One of the most important lessons to learn early in life is to not live your life by others expectations.
Awesome, love to hear it! And thanks for watching
We had a lot of debt that consisted of 5 credit cards, a parent plus loan, two car loans, a mortgage and two personal loans. That's 10 different loans. Our budget was so complicated, with 10 lines of debt payments every month, very complicated and heart wrenching. One of our motivations consisted of reducing the number of debts to simplify our budget. Now we have no debt and are saving and investing a crazy amount of our money and it is a simple matter to budget.
People have no sense of urgency when it comes to paying off debt.
It often becomes just another payment over time, like a phone bill, or buying fuel.
JJ is swimming against the current. Most people confuse 'investing for retirement' with 'saving for retirement'. As you age, you should become more risk averse.
Definitely, sticking to a budget is important. Make as much money as you can. Change careers if you have to. My wife and I are busting our butt for a higher income. Our yearly bills is $65K which is living simple. We're pulling down $300K a year. I have about 7 years to grind hard as our income should will be around $360K a year by then. We doubled our income over the last 5 years. Don't give up on yourself.
We track our money every month. We have done this for years. It is an eye opener. 😮😮😮
NoDebt! 😮😮😮
Let's be honest. Most of us, that is millennials and Gen Z, will not retire. Everyone seems to forget that the concept of retirement is a fairly modern one. Now we are returning back to a cycle that is far more traditional which is working longer while living with extended family members.
I would say having family members that are users has impacted me so much financially. I have a crackhead brother who decided to have 2 kids in 2 years with his crackhead girlfriend. I don’t speak to him but she ended up getting kicked out her moms and my mom told her she could stay with me before consulting me… taking care of 2 toddlers and a grown adult woman who wants to keep having babies without a job is expensive. And they were tearing up my apartment. Even getting her to apply for assistance was a struggle. Idk if it’s the pills getting to her head but i gave them a date and told her she could not stay with me and has over stayed her welcome. If she wants to give up custody me or my mom will take the kids but im not taking care of a grown woman who wants to be lazy.
Why did you accept her when you didn't agree - your MOM volunteered you?
Exactly-why are you even in this situation. Don't become legal guardian to these children.
@@beckypetersen2680 it was suppose to be for just a week and now it’s going on 2 months. Like it’s getting ridiculous and now my mom won’t even respond to me when I try to tell her they need to leave.
always always have a plan especially when buying a home we bought ours did not know about the standing water and lack of ventilation under our home and the home is now so far water damaged and we still owe 80k on it never let anyone dictate to you what to do when buying
I feel like you and @Zac Rios could collaborate and make a great video together!
I feel like their personalities would be fun to watch together
@ashleykathryn9038 100%, Add in Caleb Hammer, and it would be the perfect trifecta.
Dude is right. At some point we'll all be too old to work.
Guy number one needs to stop answering the door to solar sales people. That 22 k loans is really 40k+ once paid off. That’s more utilities than I’ll pay for over the nest 20 years. In addition he’ll still be paying for electric anyway.
I really think that Ramsey call was made to get a reaction. There’s no way that guy could actually think he could retire!
January 2020 I paid off all my debts-credit cards, loans, etc. 5 years already time flies by. I spent way too much on food last year and on Dec 31st I decided no more soda, no more junk food, only get pizza 1x a month ($50 where we live). A month has already gone by and it's been great. I can save another $200 this month because we're not eating out.
If you’re a slob in other aspects or your life, you’ll be a slob with your finances. Teach yourself discipline with your finances, nutrition, exercise, and cultivate healthy relationships. It’s all connected. If you’re sloppy in one, most likely you’ll be sloppy in all.
One of the biggest change I did was not to associate happiness and insecurities with material possession. I was pretty broke once but I would never gave up this freedom I have right now for any material things, during those financial difficulties I have always motivate myself that every unnecessary things I bought is an ounce of my freedom I'm giving away. On average we only have 30 years of adult life, after that everything falls apart then why spent it in misery. Its not how long you live but how you live your life that matters.
It comes down to self control and smart spending. When tempted to unnecessary spending, just say NO!. Bars and Restaurants should be a no no if you are so deep in debt. Find a cheaper grocery store to shop, your money will still go further and buy what you need, don't just fill your shelves because I guarantee the majority of you have crap in your fridge and cabinets that just sit there expiring. You can get out of debt quicker than you think. Dave Ramsey's program is tough but it works!!!!
paid of my house and car it feels great! we stopped going out all the time' I see people out almost every day/night' it's crazy
Thanks, JJ!
My siblings and I talked about this as my parents are retired and getting older. Not only do we need to stay debt free but also as my parents as well especially once they pass, we don't want to be in a position where we have to pay off any of their debts, so far we're all doing great and my parents have no debts.
YOU are not responsible for their debts after they pass, only their estate is.
IF they have debt when they pass, you get less inheritance.
You can't inherit debt. They might call and threaten, but those are empty threats.
I gave up on trying to save. Just keep my head above water. It is what it is.
Sometimes that's the best we can do. Take it as a win of at least not creating any new debt.
Start small.
$25 a month automated payment from your checking account to a saving account.
Automate it for the day you get paid.
You won't notice it's gone but overtime you can increase the amount and keep readjusting your lifestyle accordingly.
You have one less drink on a night out.
You don't buy the bag of chips.
It's just little things here and there.
You'd be amazed how fast they add up.
I started small, £25 per week, then £50, jumped to £100 currently do £125 per week.
It's about 30% of my income.
It sounds as though you may have a wage problem? What type of work do you do? What city are you near? I bet I can tell you 2 things that will double your income once I know the answers.
@@tarrantcountylive455 Many feel lucky to have a job in this economy. Also a lot of people have to decide between higher wage with longer commute vs. a shorter less dangerous commute especially when you live in a state where winter driving is very hazardous. Consideration also has to come down to staying at a job that is not stressful with friendships vs, leaving for something that may be too stressful and make you miserable and wish you would have stayed at your old job. Have seen many friends have this happen. If a job pays enough to live, is close enough to home and is somewhat enjoyable to do it is a blessing.
If you have 1$ with zero debt, you are doing better than 70% of the other people
Nice shirt. Wrestlers prevail in everything including kicking out debt !
😂🙌🏼 yes!!!
02:26 seeing this play out with my parents, (am mid 20s) already panning out on occasion that I foot their bills. Unlikely to retire with their efforts alone (both still working).
For my family, it isn't debt. It's spending. The spouse absolutely can not stop spending. Blows me away. I put away alot for retirement but am still should have more than enough to cover living expenses. But with their spending pattern, I would need another, similar paying job just to cover spending and "needs".
Tell 'em to get several jobs to support their spending habit.
I feel guilty for buying name brand frozen pizzas at the grocery.
I make my own pizza.
YOU buy that $50,000 vehicle - I'm buying broccoli.
This is not going to fix things......but we try to save $$ by making soup 1ce/week. We look in our fridge and put leftover veggies and meat (that would be going bad in a day or two anyways) into a soup. Even just make it with water and spices. "Saturday Fridge Soup". Good luck to us all... ✨😊✨.
Speaking of "stuff", how many of you are paying for storage that costs more in 12 months than the "stuff" you have in there?
ikr! That is just the stupidest thing. My sister has done that for decades and she just won't listen
We should be okay when we retire. We add 62000 a year to our 401ks combined. we have fifteen years left to work. I’m not worried. But millions of Americans aren’t in the same shape.
I currently have over $12,000 in a high yield savings account for the purpose of paying off my last student loan in addition to working 2 jobs. (I've been budgeting & living way below my mean)(I also gain compound interest from my dividend stocks)(Pure determination, drive, focus, hardwork, & discipline are the tools that keeps going with this task)
Overwhelming majority of people will work until they die and most people will die broke.
70% have not a single 1$ because they are in debt
Nobody showed me how to manage money either, but I figured it out. Seemed kinda obvious to spend less than you earn.
I turn 30 in a couple weeks and I owe $14000 on car debt. 180k on house but that’s it. I’ll tackle the house payments after my car is paid off
Writing everything down what I buy looks like a lot of work but it really helps. I have some friends that life paycheck to paycheck or need to borrow money from time to time but still dont want to do it because they say they don´t have time for that. I just need to sit down 10 to 15 minuts every month. Sometimes I am even faster. I cant understand why people cry that they don´t know where the money goes but dont do that simple overview. 😢
I was 28 ...bought a house....got into 100k worth of debt on top of my 317k mortgage
Today I have 0 debt and have my house half way paid and I'm 39
Don't get into debt ....debt is cancer
Get rid of it
RATES GONNA HIT 10%‼️‼️‼️
I rather work till I die, not that it would be a must, but as soon as you retire what are you going to do, I would be so bored and I really love working gives me a purpose, now I just pray that it will be on my terms and I would be ok if i physically could not work, but I really do believe I always want to work
That’s a thought, too. Work does give us purpose. If it’s not back breaking physical work than sure, why not. There’s no rule that says we’re entitled to lay on a beach for 20 years.
I can think of plenty to do. I could ride my horse, travel, read, garden. Genuinely blown away by people who can't find things to do outside their job.
I actually sold my businesses and retired when I was 50. 3 months later I started another business I got bored. I'd go crazy if I had to sit at home all day every day. I'll work until the day I die.
@@krn2683 It's not all it's cut out to be. For some it's ok, for me and my business partner, we had both retired and then we decided to go to work again so we started a business together. Listen, my wife and I still travel a lot. We just got back from Destin for Christmas, she is arriving in New York City as I type this. I go dirt track racing 1-5 nights a week. It's still boring when I'm not thinking of ways to make money so I will work until I die.
Love Dave Ramsey. Those are my financial goals when I retire from federal government. He laid out a great plan.
Glad no spend Jan is almost over. I spent 8 bucks & change so far. Feb should be the same.
Wow
Please how ?
Am a born Christian and sometimes I feel so down 😭 of myself because of low finance but I still believe God😞
It's Elizabeth Ann Hanson doing she's changed my life. A BROKER- like her is what you need.
$356K monthly is something you should feel differently about....
Lovely! I enjoyed it like I enjoy a $100k monthly around the turn!!!
I owe 400k I have 400k in savings I'm 52.. no car debt just the home. 20k on zero interest credit cards.. when I retire, I'm leaving the country and can't afford a good life in the US..
As a mortgage broker, how do you handle the times people are wanting a mortgage payment that is going to be way to high based on their income? I am still shocked when people have payments that are 40% or more of their take home pay.
Ive got close to 7 figures in my investment account and live off of the dividedends it produces. I have no family, I dont work, I vacation all over, hunt, fish, dirtbike, have lots of toys and hobbies, and yet im miserable. Secure, but miserable. Money dosent buy happiness thats for sure.
I got money and could use a friend are you in Ohio? I like riding motorcycles and better to ride with someone. Live close to West Virginia border.
@hcox1111 Vancouver BC
@@machinesnmetal Cold enough here in Ohio and I will probably never get a passport.
@hcox1111 passport dosent bring happiness.
@@machinesnmetal He didn't say it did. It was pointed out to kindly deny you're request for a rich/well off friend to do things with😁
That one caller said “I am not looking forward to this” (relieving debt).
Already off to a bad start right there.
Defeatist attitude can be flipped.
Example.
“I Can and Will do my best TODAY to make a good financial decision!”
Can be a simple as not buying an item, meal planning or staycations.
Whatever the idea balance it with “I am 100% balancing and investing in my better future”.
WOOHOO it’s JJ again, pumpin it out Punta Gorda style!!! 🤗
If I still have a mortgage, is it considered an asset AND a liability?
I wait until after the 1st 6 mo of the year to have subscriptions because I figure thats really how much I use it. Then I don’t spend on high ticket items until the last month the year. I just save money and buy essentials to live. It’s great to have money in the bank.
A 401K is a tax trap! Convert yearly to a ROTH IRA. if your employer offers a ROTH 401K do it and if the match goes into a taxable non-Roth ira account convert it every year. Roth is the only way to go,