12 Things to Do Differently with Money in 2023 with Dave Ramsey
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- Опубликовано: 10 фев 2025
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I've been asking my husband to write a budget for 7 years and for the first time last month my husband sat down with me and created our first budget together to start 2023 and I am so thankful!
Great
Awesome!!!
Wonderful, happy for you. 😊
That’s fantastic! Some advice from my own experience with my husband and our first budget over 16 years ago. Give yourselves understanding and forgiveness if it doesn’t go to plan. There’s a learning curve so don’t give up.
@@crystalh1402 thank you, we know we went get it perfect right off the bat, but we are in agreement to keep tweaking it until it's habit and we do!
1. Get on a budget.
2. Budget for inflation.
3. Don’t wait on student loan forgiveness.
4. Pay off your debt.
5. Beware of buy now, pay later.
6. Pay attention to your online spending habits.
7. Make sure your emergency fund is fully funded.
8. Don’t stop investing.
9. Don’t sit on the sidelines if you’re ready to buy a home.
10. If you’re married, have joint checking accounts.
11. Have a bigger why for your money.
12. Have hope for your money.
Lol almost none of this is different
@@matthewmidea4754 well, what else do you want? If you do all of those, you will build wealth for sure
Thank you ❤
Mahalo nui for list 👍🏽
Garbage 🗑
It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy
The thought of retirement has given me the opportunity to sort out another source of earning
I started paying more attention to stock and learning more about online trades
Trading became interesting when I met Shanita online and she gradually exposed me to the whole trade market and how to earn massively from it
I was introduced to forex with the guidance of Mrs Creswell and there isn’t a single trade I have loosed
She is outstanding so well mannered teacher, glad i saw this here the knowledge you will gain is for a life time. Now is the time to invest in your education for 2023.
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@yvonnejoordan staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Yvonne Annette Lively.. my Investment-Adviser.
@@tateoften Yvonne Annette Lively really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
You can’t take your money with you. Not sure why you are bragging.
I paid of all of my student loans a couple of years ago during Covid and it was the best decision ever!! It was a seven year journey that came to a close in 2020. It was totally worth.. don’t wait to be saved!!
Great!
I left college the first time around with debt and no degree. It was a great feeling to pay back what I owed and could continue my education free and clear
The paper that comes when you pay off the student loans deserves to be in a frame nest to the diploma😂
To each its own. You do you.
VERY WISE! Less debt, less interest, set yourself financially free to move forward toward your next goals.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works. I pray that anyone who reads this will be successful in life..
Mrs Caitlin Albrecht has really made name for herself
I'm not here to converse for her but to testify just for what I'm sure of,
Expert Caitlin has really made name for her self
And she has made success easier than we thought.
Sometimes I wonder if she uses magical powers to trade.
As directors of our farm business, my wife and I, aged 55 and 52, are starting our retirement savings journey, aiming to rely on rental income. I'd appreciate a live session to discuss online passive income strategies and achieving a comfortable retirement with a target goal of $3million.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an investment adviser is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q2.
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
I collaborate with a specialist, *SHARON LOUISE COUNT* whom I discovered in a CNBC interview. After reaching out, she has offered valuable insights and guidance on my focused securities. You can find more information about her online for additional oversight. I closely follow her strategy and have no regrets.
The student loan interest pause helped me out a lot. My loan started at $4500 and now I’m down to $2200. It’s my last debt in baby step 2.
invested mine and it went more than 60% down! I feel very unlucky I shouldn`t have. Hopefully, the markets will go back up.
@@lebronj5491 lol wishful thinking
@@lebronj5491 if you wait 5 years, you will be smiling.
@@lebronj5491 you invested your student loan?
My student loan debt was 100% forgiven under public service student loan program, now I’m debt free and incredibly grateful.
I always love when Dave says "it's going to be ok". I remember watching him during the pandemic when he said the same thing and it gave me great comfort. He was right then and he's right now.
Rachel it's the most viewd because your dad would never give you bad advice and hence we know his advice us difinitely coming from the heart. I love seeing daughter -father bonding on great topics.
Along with a budget, I would also encourage basic meal planning. Wasting food (and money) drives me nuts, so knowing what I’m making for dinner for the next week or so helps me a ton when I go grocery shopping.
Preach! I feel the and think the same way.
I meal prep both lunches and dinners for the week. It's easier to plan and then easier to grab when mealtime comes around. Especially with two jobs and/or going to school on time of a FT job, it's helped my budget and sanity a lot.
I would say that would work for most people. Unfortunately, every time I meal plan I end up wasting food (and money) as I plan out meals and then end up not eating it. I do way better picking up something if I happen to feel hungry. I can never predict if I'll be hungry enough to eat that day or if I'll be too exhausted to cook.
@@evelgreytarot8401 Try buying a few small frozen dinners with vegetables. Not a perfect solution but maybe you won't spend as much and in the future maybe you can plan out cooked meals better
@@floridadude8382 I'm carnivore, but thanks
I really wish I'd found you 40 years ago! In the 3 years since I did I've cleared remaining debt, have a full emergency fund, budget on a weekly basis and talk to my children on a regular basis about money so hopefully it rubs off, and still find spare money to give, which is the best feeling. Thanks for the great advice.
He started this back in the 90's LOL
¹
We don’t owe anyone anything and we feel totally free! Yes we have a small house, paid for, yes we only have one car, paid for, (1 golf cart, & 2 bikes too). It feels great.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
@@veniceblackwood2931 Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know.
@Agatha Riley How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@Agatha Riley I looked up Corinne using her full name and found her web-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and hopefully she responds soon.
Wow! Good for you.
And you can still do your Arial Acrobats on the side. 🤣
The investing part is very important, even though it may seem like stocks are falling. I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this bear market?
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain, or get a good portfolio manager.
@@ericmendels I've been down a ton. l'm only holding on so I can recoup. I really need help. Who is this investment-adviser guiding you?
I really don't like making such recommendations, lest I get labelled a bot. Lol. But there are many freelance wealth managers you could check out. I have been working with Sharon Louise Count for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
Thanks, Eric. I have booked a session with her, and I hope she gets back to me soon. Any idea if she manages family fund?
Many years ago, I was left with a substantial amount of debt after a divorce. Dave Ramseys' advice was instrumental in helping me get out of this overwhelming time in my life. As a single mother, I had to be patient with myself and at the beginning of each year (and there were many), I'd have to reset myself to get back on track. It is possible! I'm out of debt, with the exception of my home. I live on a minimal amount, but now I'm in the saving stage and playing catchup as an early senior. This year, I have a budget, but no steady income because I've stepped out of my comfort zone to start my own business as a real estate agent. By God's grace, I've made it to this point in my life. Starting a business has been a dream and I'll do whatever I can to be successful. I'm thankful for Dave and now Rachel! THANK YOU! THANK YOU! THANK YOU!
Budgeting and living less than what I make really helps me a lot. I’m a basic person and a minimalist.
I'm not even kidding when I say that the market crash and high inflation have me stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm almost losing my mind but I get it,Investing is a long-term game, so I try to focus on the long term.
I can't focus on the long run when I should be retiring in 3years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn't provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I completely agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and l've gained over $850k following guidance from my investment adviser.
I've been down a ton, l'm only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
She's a lady, indeed very exemplary. Olivia Maria Lucas is her name, I initially came across her on a CNBC report then on smartadvisors and at once I searched her on the internet, best decision I've made concerning my finance.
I live in England and have listened to this show and David Ramsey Show for the past two years. It has been such practical advice given and even though I've never been in debt, I have never done a budget until two years ago. I found it takes time to get it right and months of practice. It's absolutely worth it so thank you for helping me think it through carefully.
This is the second time watching your video..good one. Anyway, I’m a dividend investor but it’s a slow and steady growth. I’m 39 with a $300k portfolio and plan to retire at 60. My goal is to reach 2 million by then...I repositioned some of my dividend stocks using my broker James Fletcher Brennan. Now, I’m buying fractional shares of TSLA, AMC ,NIO ,NVR again. Before I was after dividends for passive income but it’s slow growth so i took my chances on high growth stocks and I've gotten a 120% increase this year but hopefully I’ll reach a million sooner
Nobody knows everything, You need to manage risk, and stick to your broker’s plan through thick or thin, While also continuously learning from mistakes and improving. I also hope to trade with the big dogs soon
he really seems to know his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
Impressive!! Also, I did read about James Fletcher Brennan on the web, I was able to find his webpage and leave a mail. I'm willing to make consultations to improve my portfolio
I found his webpage after doing an internet search for his name. Because of his remarkable background and my desire to try this out this year, I'll be writing him a note shortly. my new year resolution is actually to become one of those stock millionaires fingers crossed haha
“ We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.”
Jim Rohn
I love seeing Dave's calm demener on Rachels show.
I'm more at peace and safe when I do a budget than none, when I first started my journey back in 2017 this helps me from getting to where I was to where I am today at baby step 6 THANK YOU DAVE & RACHEL Happy 2023 to you guys, Love and blessings from New Zealand ❤️🙏🏽
We also started in 2017 and are in BS6! Hi from Texas
My granny actually told me to do a budget. She kept a yearly journal ...smartest lady I've ever known. And very wealthy and blessed 💗 wished I listened to her 🙈
I’ve been investing ever since since I retired, I’m not spending or saving so much, I’m just putting most of my money into investing in different assets classes, dividend stocks, cryptos, real estate.
I’ll definitely indulge my husband to do this soon as he gets his Social Security. This is good use of money because in the end, depending on just that source of income would be dangerous. There’s a lot of bills.
I just want to know, on an average how much does all the investment give you combined? And I’m also an investor, particularly in stocks and crypto, but managing my investments has been very challenging, how did you get it right in that aspect?
Your profit margin would depend partly on how much you invest, but asides that, in my real estate investment, I usually co-own a property by buying its stock ( through reits ). For example if there’s a property of $50M i can get to invest $500k, and as the property keeps appreciating, my money also appreciates and I also get to earn a share of the net monthly rental income which varies per month.
So all that combined with other other assets in my portfolio puts my income over $300,000 monthly.
@@rodolfo-gh6rh in terms of managing I work with William Stanley, he’s been a very tremendous portfolio manager and he’s very experienced.
Thank you for taking your time to explain, I admire your investment journey. I’m quite new to all these so I don’t know a lot of names in the market. Where can I reach William Stanley?
This was me a year ago. Using my emergency fund to continue to live my life in the same way, even though I had took a payout at work! It took me 6 months to realize what was happening, and now I'm in the process of rebuilding, with wisdom!
1. Get on a budget.
2. Budget for inflation.
3. Don't wait on student loan forgiveness by the government.
4. Pay off your debt.
5. Beware of "buy now, pay later" (BNPL) - just don't do it.
6. Pay attention to online spending habits.
7. Make sure your emergency fund is fully funded.
8. Keep investing.
9. Don't sit on the sidelines when you are ready to buy a home.
10. If you are married, have JOINT banking accounts.
11. Have a bigger "why" for your money.
12. Have hope for your money.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, you creat your own conditions, through your decision making ability. If you want good opportunities so you can make good decisions. It's simple. Start with small successes that you have complete control over. Continue that successful mindset throughout your day. People notice a positive attitude, and present opportunity to those who seem capable. Project capability, and when opportunity arises, prove your capabilities. There are rarely situations without opportunity, and those few unwinnable situations are completely of your own making, I pray that anyone who reads this will be successful in life too 🙏🙏🙏
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.
My husband and I have been married for 20 years we have never been in debt. Mostly paid cash upfront for whatever we could do. Have a few years left to pay on our house. Kids have jobs at a young age the youngest is too young. Keeping the money flow is important and teaching kids how to budget has really work for us😊
Having a budget is indeed paramount.
Kills me No One has been paying down their student loans While the internet rate has been Zero- most all waiting for the government bailout! My son worked in college and post college while searching for a job in his field. He paid off 26k in student loans with His money. I could not be more proud.
Lots and lots of people are still paying toward their loans. All those out there who bash it all, refuse to realize that.
A lot of folks have been going on about a New Year rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
It all boils down to technique, the downtrend leaves room to key in on the market and grow-substantially whether in the long or short run, it's only just easier to make profit when the market is green, a downtrend provides an equal high-yielding avenue if you have the requisite set of skills and knowledge, reason I've been using an investment-adviser to scale up in this hard time, only way I was able to raise upto $550K in the last 6months.
@@aaronjames7471 True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@williamgreg2996 You may have heard of the coach I employ previously; her name is Kimberly Jean Heavner and you can look her up online.
@@aaronjames7471 Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call or email her.
I love budgeting! I started budgeting last year and let me tell you…. It really works! It helps so much! Just recently I was shocked that I’m 3 months ahead on my car payment and 3 months ahead I’m student loans. All because I budget. I will continue to do this for life and teach my kids!
I love this series, it really shows how passionate the Ramsey family really is about helping others change their lives. Thank you.
I often wonder how successful investors are able to make millions of $$ from trading stocks. Im completely new on this area of investing. Long story short I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey
The average investor buys/holds for long term to make gains when stocks go up, In a situation where you're after short term profit, it is best to get in touch with an investment professional to guide you with entry and exit points. I reached out to a broker during the pandemic and that is how I was able to raise a profit of $380K within 7 months
Buy low sell high. Or something like that
Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to buy when the markets are tanking and in downturns in the economy. View that as a time when you are getting stocks on sale
The adviser I use is actually quite known, you might have heard of her, Eileen Ruth Sparks, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
When starting out it is generally good to open up a Roth IRA and invest into some foundational index fund or etf that tracks the SP500. For example..VOO…SPY.
Live on purpose with money is the only way to live. It has been eye opening to hear that only 5% of us doing a budget. I agree with everything I heard today.
My wife decided to downsize after our son moved out. We sold our home and purchased a condo. I miss my beautiful home that was nestled on a acre and a half in a rural area, but we are finally debt free.
No house, car or credit card debt.
I hope i get used to going back to city living. Im grateful it's very quite where we moved; especially when i sit on my front porch rocking on my rocking chair!
Ramsey nerd here. What a blessing of FPU and Total Money Makeover book. Enjoying a no spend month. Such a wealth of knowledge and confidence taught. Forever grateful to you all.
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯..
I turned off the news, scaled back on the tv and social media this past year and I am happier because of it! God has blessed me in so many ways. Trusting in him, all things are possible!🙏☮❤
I NEEDED THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! God bless you both and Happy 2023 to all!
I paid off my Parent Student Loan on 12/31/22... and it was $8456.00 in all of Dec'22~ Paid for much too long on it prior to this payoff!
I'm convinced folks don't realize how much money is frittered away along with real expenses. This year I plan to mark a big GREEN check mark on each calendar day I DON'T spend any $ and a big RED x on days I spend. I'm a visual learner.
That's a good idea! 👍🏾
Gonna be a lot of red on that calendar but good luck with that
RED!?!? Well thanks for the encouragement 🤨Im going for a good lawn of green !
I give myself a 48 hours pause window before making an online or very large purchase. Usually, I end up deciding against it or no longer have a desire for said item / items.
I took all of my money out of dividend stocks that paid me 10% on my money and paid off my mortgage at 2% interest! 🙌🏼 I had a rental property earning $20k a year, but just sold it because I didn’t want the debt!
Easy said hard to do ! For you its easy because you are there !
These 12 items are very encouraging. I started budgeting last March and am surprised at what I've accomplished in such a short time. In 2023 I am Lazer focused on paying off debt and continuing to add to my EF.
Starting this year I bought a budget book at Office Depot for $20 I thought it was to expensive, didn’t want to buy it , but mehnn now I am even glad I bought it, I’ve been tracking all my $1..
What a great investment
We love Dave and you together
Thank You Rachel Your Dad has really Change my life and my family's life even though we're not Millionaires , Wealthy , and Rich thanks to him we never plan on buying new vehicle's and get Credit Cards even though were from Texas and also we plan on learning about the Baby Steps , I Have Heard Your Dad Dave Say drive a Hooptie instead of Buying New Depreciating Asset that Goes In Value Like Vehicles
I'm bipolar and I had some success 2 years ago saving for the first time in my life. I was so proud. But then in 2022 it was a tough year. Multiple things all at once and with the decline in my health I lost all my savings. Down to nothing. Luckily I have a supportive family who stepped in. But my goal this year is to try again and have a framework in place so that when bad times happen (and they will) I don't have to lose everything and be more of a burden than is necessary to my family. I'm feeling hopeful and positive for the new year.
Look into Dr Georgia Eades. She implements diet and mental health.
Way to go on your positive attitude! Wishing you all the best. Remember, if you’re in the US, NAMI is a great free resource.
I am gonna make all the payments towards student loans in a separate account. Then if it doesn’t happen to get paid off by the government, I will pay it off with the money I have put in an account towards it anyway. 🙌🏼🙌🏼
That makes sense, because even though Dave would prefer that the government didn’t pay off some of the loan money, if they do, you are foolish to spend your own
This is such a moral dilemma! It is not "the government" paying off you debt, but your neighbors and fellow Americans. I still think that it is good got our mind and soul to pay for ourselves.
@@abrareads They helped teachers in past, vets, etc. I agree, I don't care either way, it's not going to help anyone deep in debt. My kids paid it off or owe under 10,000. They are interest free now so waiting to see but wont wait another year.
I Decided a Few Weeks Ago That I Will do This Same Exact Thing
Had $72K in debt beginning Jan 2020, prior to the pandemic. FFwd to today, I only owe $10137.75 on my SL because I worked the whole pandemic (essential position in educational setting) and shoved every spare buck towards vehicle and student loans. Huge advantage making payments. We have two rental properties, selling both and the rest of the debt (husbands home and travel trailer) will be paid off with the money from the sales. The rest will be put into our investments. Thanks, Dave and Rachel, for this info.
So true, when I have changed our lives with zero based budget felt like I got a raise! A wonderful thing!
OMG his voice & wisdom is soooo comforting & motivating ❤❤❤
I really look forward to your chat with Dave at the beginning of the new year. Wishing everyone a healthy and wealthy 2023! 😊
This is all true
I did this intrinsically and then started watching you . The relief I had being debt free is such a psychological relief and now I really know what I have to save and what really is in my name
I love this Rachel Cruze content. M
y wife and I make it a priority to watch your videos whenever we get a chance to relax from the kids and work!
Every time I watch your dads show. It gives me confidence that I CAN continue to take the baby steps. I’ve also gotten rid of the non important items like monthly Amazon Music, monthly Amazon Prime an so on. Yes, with everything added together I’m at six figures. I’ve got to keep moving forward!! Please don’t stop on the videos and now that I’ve discovered your channel. I’m on it !
Ever since I had discovered Amazon, I rarely go to a physical store. Almost everything I have purchased now mostly online mostly from Amazon. It's just freaking convenient.
It's not just making a budget, it's keeping the budget!
Giving my money an assignment 😮I can do that!
I am not married but my boyfriend does use this saying of "it is our money". He has helped me pay my college tuition, food, bills, and rent. In 16 weeks from now I will be graduating to obtain a total of 4 undergraduate degrees. Being a team is what got us to this place in my life.
He loves you
29:49 let’s gooooooooo!!!!!!!
Thank you Mr. Ramsey and Mrs. Cruze for your guidance and help. I'm not there yet but I will be.
My husband has made budgets for several years and it does help to know where we are at. We are paying off our home by adding more to the principle. We are happy wiith how we spend and save.
i love this new year series with Dave, so encouraging and insightful!
Budgeting, contentment, living below your means and having multiple streams of income is the key 👌💯
Thank you for sharing your insights Rachel and Dave ❤️ People need to really focus on NEEDS and do budgeting religiously🙏 Happy New Year 🥂🍾🥳🎉🎆
I love dad and daughter ♥️
A lot of people think of the word BUDGET as a negative word full of 'I can'ts'. I choose to say it's my 'SPENDING PLAN' that gives me permission to spend. That, to me, is more positive - meaning basically the same thing. I choose to plan to spend this amount of money on my rent or mortgage, food, etc instead of having to make a 'budget' for it. Say the word 'budget' and see how you feel and what your thoughts are. Then say the words 'spending plan' and check your feelings and thoughts about that. The process is the same for both, but the word budget seems to be controlling me, however I'm in control of my spending plan. It's all a head game with yourself. FYI - yes, I'm debt free and loving it!
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I started actually doing a budget in June 2022 after doing ‘Davish’ for years. The last 6 months were so much easier on my mental health than the last two years have been. Having a budget and tracking your spending helps. You realize where your money is going and it even helps you get through the work day. This year I’m having to start from baby step one again but I’ve done a budget in a year thing. I started to get really depressed by it but if I don’t spend any extra outside of the budget, I will be debt free by the end of the year. So realistically the middle of next year, unless I start earning money from another income stream, which I’m working on.
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Love you your dad, as always, since you have saved my retirement life and I always wished that I could have met Ramsey 20 years ago!!! But never too late, as you encouraged😊 GOD bless you in the New Year of 2023❤
As I watch this I was going through Amazon Prime benefits. I do believe it is IN MY BEST interest to NOT renew it this year! Sometimes we need to change things. We had an unprecedented number of subscriptions in our house this year, we are just being lazy! There are other free or less expensive solutions for every thing that i have been sinking money into monthly. This WILL stop for us in 2023!
And never ever listen to those coworkers/ friends/ family when they say that you cannot succeed. Ignore those losers. They are miserable and misery loves company… don’t let them hold you down !
The best advice/tidbits ever for money goals in 2023 & beyond. Gotta love the Dave & Daughter, btw, 'the only one who gets hurt on the roller coaster is the one who jumps off in the middle if the ride', Priceless!👍🏽😁💲
No debt less stress
I watched that video last year with piling up debts. Fast Forward 2023, debt free in June. Gazelle.
Love this video. I have been watching 2022 and 2021 for the last few days. I am glad you guys came up with 2023 one.
Thank you so much for being awesome.
Dave is a man with a lot of wisdom. I can listen to him for hours.
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and cryptocurrency, and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it.
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You can connect to her on was'app..
How nice to have a father that you can talk to nicely and your business partner/colleague .
Budget helps us keep our head above what could happen. It disciplines us to deny ourselves when we have to. Might buy something we want later. Thanks for telling us about hope. Sometime the amount of emergencies that come up are costly and too much! Still learning better ways of budgeting.
I was super excited to start my new year strong, but then I realized my car needed it’s 50k mile service and new tires to top it off. $2,200.00 just like that . The good thing however is that I won’t need anything major besides oil changes for 2-3 years. I also got lifetime alignments in that deal 🎉
Having a budget is critical.
Always a pleasure to watch Dave. We grew up not far away from each other. I listened to his show from the beginning on 99.7 in Nashville. He is the real deal.
I only like buy now and pay later when it is interest free and it was a purchase that I was going to make anyway and on something that's pretty essential.
For example: I did those payment plans on an air conditioning for my whole home and LASIK eye surgery in 2022. They were interest free for a 2 year payment plan.
Interest free payments get dangerous when it is for gifts or something that is more of a materialistic spend like shoes or clothes that you don't need because it can reduce your cashflow.
My oven broke 2 years ago. I am saving for another one. It is amazing at how many little appliances you can substitute with. Sometimes you just have to make do
we finally decided to really hit our debt actively and intentionally this year. the stress is wearing us down.
The part about a roof over your head, warmth and food alongside fuel in your car, that really hit home.
Rachel Cruz Happy New Year, thank you for this reminder for 2023. I write ✍ down to reach my goals and journey.🙏🏼🙌🏼
My budget is "Don't spend more than I take in", save at least 25% of your net, spend on what you need vs what you want, and do your best to give to charity. 👍
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Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
the mkt has gone berserk! whether you're a newbie or a veteran investor, everyone needs a sort of coach at some point to thrive forward.
Well agreed, that's the more reason I prefer my day to day mkt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short term, at the same time laying off risk as a hedge against inevitable downturns, coupled with the exclusive information & analysis they get, it's near impossible to not out-perform. I've been using a coach for over 3 years, and my portfolio has yielded from initial $500k to a ballpark estimate of $1.8m as of today.
please who is the expert assisting you and how do I reach out to them?.
My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thanks to the Dave Ramsey method we are debt free! 👏💰💲
If we would just wait a day before any purchase, maybe it would help us not make unnecessary purchases! kinda like the saying , think before we speak!
I listen to you(Dave) years ago & when I did back then I did good even though I was not in the best condition money wise. Now days I am paid for home & autos, but I just found your utbue cast I am a subscriber & things started feeling better just listening to you again. Thank you, you are a bright spot in this disaster of times thanks for your ministry.
I love your thoughts on hope. Anyone can do it. You guys Rock!
Having a joint banking account is a good thing in some instances. But it does leave you vulnerable if you are in an abusive or controlling marriage. Please consider both sides. It doesn't mean we lost our mind. It means we have seen a lot and we don't want to put ourselves in the position to lose it all.
I think the two of you father and daughter are so adorable that’s besides all of the great advice. Thank you
Great video! Happy New Year Rachel, family, and your crew that you work with.
Finally trying at 52 to take control of my money my spending and my debt..
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Dave is the 🐐