We made a bar mitzvah about a month ago. We kept everything simple and spent within our means. No borrowing, everything paid in cash. It was a beautiful simcha, and no one missed anything. We did a simple breakfast for my son's class at school on his bo bayom, a regular kiddush at shul (no extras), dinner & lunch for family and out of town guests (about 45 people per meal). Sure, it was less than most people in our community do, but to not have to worry about how to pay for it was priceless.
Five years ago started using Baby Steps, which was so helpful in getting our marriage in the right direction. Now, in the next few days we are expecting our second child, which is G-d's way of empowering us to continue to live by his commandments. Thank you Dave & Langer.
@@BankofArabiaThe Torah tells us not to use G-d’s name in vain and it also tells us not erase or obliterate the name of G-d. So when writing or typing it, there is a possibility His name can be erased, so to ensure we follow that commandment, we don’t spell it out in entirety.
Baby steps worked for us. FI is living your best life. Teaching the kid. Never stopped our giving, reduced amount but never stopped. Charity has only expanded. Became minimalist by choice after FI. Still can’t believe we used to care so much about stuff. It seems so bizarre looking back. 🤷♀️ finances completely automated, check it once a month as a couple.
Absolutely fantastic interview. Thank you for having Dave on. I’ve followed Dave plan and it works. I’ve been out of debt for many years doing the steps. There is no price I can pay for the feeling of freedom. The weight of debt is unbearable. Little by little. It’s so exciting to be free from debt. Thank you Dave. Thank you Kosher Money. The best interview of Dave. 😊💰
Helpful & Empowering. I’ve always had trouble with budgeting and hearing Dave talk about how it isn’t a one time sit down thing, but rather something you need to do every month, really changes my mind set.
It works like this: say you exceed your budgeted amount for some line-item (let's say it's "Kid's Activities"). You ask yourself, "Was my budgeted amount unrealistic," meaning you simply underestimated your expense in this area so now you'll allocate more to cover it in future months.. Alternatively you question, "What am I having to de-fund or de-prioritize in order to cover this expense?" Here you're deciding that there's something else in the budget you value more, and need to cover before this line-item consumes the cash. Each month you're examining whether your actual spending is aligned with what is important to you, and you get to choose to not-spend some amount today that will cover a foreseeable expense you know you will need to cover later. It's not a one-time act but a continual course-correction, kind of like keeping your car centered in your lane. The road bends, and your budget specifics will change over time, but you are ensuring you don't run into a ditch for lack of mindfulness.
This was so helpful. My supervisor was led to give me a copy of the Debt Money Makeover during a deployment when I was in the Army. I’ve worked my own version from the tenets and have gotten out of debt, just to get back into debt. I’m 54 now and I need to quit playing…I’m going to now work it right without variation. Thanks for this.
Wife and I went from going out to dinner for ' momentous ' occasions spending a couple hundred dollars plus to me grilling some nice steaks, etc on the grill - about $50 for a nice time and relaxing dinner
Great advice from two of the best in the game . The only thing id add is , when buying that first house , dont go over your head for the ' forever 'home ' You dont need triple garage , four bathrooms and a kitchen the size of a ballroom to start . Buy a small to medium size home , but in good area , you can always improve a house but you cannot improve an area . Then plan to pay the morgage down and trade up as house prices grow . As Dave says , live within your means . Dont try to live to impress friends and family because , if things go wrong , they are very unlikely to be able to bale you out .
I wish I knew that advice when I bought our home. We bought a best house in a not good neighborhood. The house was completely remodeled, and I fell in love with it. Stupid idea. For the same amount of money，I could buy a not remodeled, bigger, decent house in the best area of the city. Fast forward 20 years, the house I skipped worth at least $1,000,000 more than my home.
Not only that he says there is no such thing as a dream home. Because you always want to add to it. You always want something more or different because you get used to it. You can build your home live there for a year and say damn I should of made the kitchen bigger or bigger yard or bigger blah blah. Which makes since.
@@pauly5502 I just pay off my house in January this year!! And let me tell you was the best feeling ever! A few years ago before buying my house I pay off my fisrt car and It felt good! Then I though why not paying off my house? I wasbsupposed to pay it off in 2032. Yes I knew if I wanted too I can pay it off sooner but I was getting somethings fixed at the house first. Even thought I have the money to pay it off I didn't want to take a lot of money from my savings. I keep sending 5k every few months and working overtime! I pay it off and still have money in my savings and about to move it all to a hysa! Next year goal paying off my new car! Just 13k to go. Not way I will keep that long for 4+years!! I will send 9k by december and the other 4k I will pay it off by feb-mar. Nobody can't tell me is not better feeling in the world to work and save money and not have to worry about a mortage or loan 😊
You can have fun on a staycation which costs less. Take the time off and stay home. Use the hotel savings to eat out a few times. Find free events in your area to visit.
I think you just have to gently show and teach them! Be patient-it’s hard for humans to change their thoughts and habits. But we can change with time and gentle instruction. You need to be committed to each other in every way including your everyday spending and the amount you’re saving for your futures together.
I appreciate your guys’ comments. I struggle with that with my partner. Monika, I think you hit it on the nose. It really is about education. She didn’t have the knowledge about finances growing up, so it’s my job to teach her through my own actions, a lot of grace and patience and love. Thank you
We chose to live at poverty level for 16yrs to cash flow our kids Catholic education. Some people would call us insane but it was nonnegotiable. We cared more about the Catholic education then we did about our home or our cars. The kid did the work and got full merit scholarship to Uni. We have no regrets, we purposely chose that path. With Dave Ramsey we became FI during the process. The 563 sq ft condo we lived in is now our rental property 😊 Fortitude yielded Grace through out the whole process.
So important to hear. We knew that we wanted to homeschool -even before our wedding day. Whew. That freed up money that we used to cash flow building our house. (While living in an RV.) pretty crazy but we've never had a mortgage. 😮 My heart does go out to the Jewish community, many of whom, I'm sure, feel that they must pay for private school for safety. 😢 Are there private Jewish home school co-ops?
Just subscribed - Shalom brother LOVE this episode … I am a Ramsey Preferred Coach in NJ .. so glad to see the Solutions continue to spread into the Jewish community - Boker Tov !!
I find that hilarious dave, my husband does not speak budget, I'm the one doing all the planning all the budgeting and he just wants to live life as if we have all the money in the world
This is my scenario also. I am all about the budget and watch my spending (for the most part) he doesn't want anything to do with budgeting. It's a challenge. He has gotten better, but it's hard. Never put money for banks together because of this.
There were kids in my class whose Bar and Bat Mitzvahs looked like weddings! From extravagant garden parties to renting out Hotels for an entire weekend!
We gave one daughter x amount for her wedding. Anything extra she paid for. Another daughter was given the same amount for a house. When she needed more we lent it to her and she paid it back with interest. Both daughters are good managing money.
Our company spends most of its time teaching these principles. Keeping out of debt is the number 1 thing we teach. Parties and celebrations are so expensive now. There are ways around spending so much. Here is one excellent tip, kids love preparing for parties. Let your kids & their friends help with the decor and the goodie bag prep... get items on sale throughout the year. We buy our kids' uniforms at the outlets 6 months after school begins for the FOLLOWING year. ^^ There are so many ways to curb costs and keep debt-free. The more debt free, the more you have available to invest.
I learned that PMI is weighted by your credit score. I borrowed $562K and pay $91 a month PMI. And yes, I got a 30-yr and put down 5%. However, I pay mucho extra and will have it paid in 10 years versus 30. Of course I will get the PMI removed just as a small win in the journey.
Very helpful among other things. I think I need to budget for a Black Air Suit with Twillory. Great interview its nice hearing other views from a Jewish perspective.
Nice to hear Dave explained the baby steps not to nitpick, but Roth is not tax-free. It’s tax upfront.! I highly recommend Roth as Dave does. I maxed out my Roth every year and I suggest you all do the same but just to be clear.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Empowering!! Very helpful! I took his class years ago and learned a lot! This was a great reminder for me! Even in these tough times... I do know that word..NO! Lentil tacos really are good! (Receipes in Pintrest) Thank you!
after comijng across Ramsey 3 days back and that he makes me sleep after 3am in the mornng just listenng to him, i just got of the phone to pay my loan off. shuuuuu, thank YOU Lord Jesus in guiding me to this son of yours smiles....
My finance attitude changed after I went to emergencies for E. coli treatment in Swedish medical care. For two hour checkup laboratory the cost is $3200. Wow that’s insane. I don’t even have that much in my bank account. I use payment plan. I will pay it sooner or later. But it just changed my mindset.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
I've been listening to Dave Ramsey podcast for about 5 years but this time I will implement these steps, I will change my family tree
"Better than I deserve" _ a statement of humility!
We made a bar mitzvah about a month ago. We kept everything simple and spent within our means. No borrowing, everything paid in cash. It was a beautiful simcha, and no one missed anything. We did a simple breakfast for my son's class at school on his bo bayom, a regular kiddush at shul (no extras), dinner & lunch for family and out of town guests (about 45 people per meal). Sure, it was less than most people in our community do, but to not have to worry about how to pay for it was priceless.
Five years ago started using Baby Steps, which was so helpful in getting our marriage in the right direction. Now, in the next few days we are expecting our second child, which is G-d's way of empowering us to continue to live by his commandments. Thank you Dave & Langer.
Why don't you just spell God?
@@BankofArabiaThe Torah tells us not to use G-d’s name in vain and it also tells us not erase or obliterate the name of G-d. So when writing or typing it, there is a possibility His name can be erased, so to ensure we follow that commandment, we don’t spell it out in entirety.
@heatblair, thanks for sharing that information. I appreciate the glimpse of the thought that has been putting into the Jewish way of faith.
@@deborahdavidson8541 I appreciate the explanation too.
Refreshing! “I know the plans I have for you.!….” Exactly what I needed to hear. Thank you Dave!!
Baby steps worked for us. FI is living your best life. Teaching the kid. Never stopped our giving, reduced amount but never stopped. Charity has only expanded. Became minimalist by choice after FI. Still can’t believe we used to care so much about stuff. It seems so bizarre looking back. 🤷♀️ finances completely automated, check it once a month as a couple.
Absolutely fantastic interview. Thank you for having Dave on. I’ve followed Dave plan and it works. I’ve been out of debt for many years doing the steps. There is no price I can pay for the feeling of freedom. The weight of debt is unbearable. Little by little. It’s so exciting to be free from debt. Thank you Dave. Thank you Kosher Money. The best interview of Dave. 😊💰
Helpful & Empowering. I’ve always had trouble with budgeting and hearing Dave talk about how it isn’t a one time sit down thing, but rather something you need to do every month, really changes my mind set.
It works like this: say you exceed your budgeted amount for some line-item (let's say it's "Kid's Activities").
You ask yourself, "Was my budgeted amount unrealistic," meaning you simply underestimated your expense in this area so now you'll allocate more to cover it in future months..
Alternatively you question, "What am I having to de-fund or de-prioritize in order to cover this expense?" Here you're deciding that there's something else in the budget you value more, and need to cover before this line-item consumes the cash.
Each month you're examining whether your actual spending is aligned with what is important to you, and you get to choose to not-spend some amount today that will cover a foreseeable expense you know you will need to cover later.
It's not a one-time act but a continual course-correction, kind of like keeping your car centered in your lane. The road bends, and your budget specifics will change over time, but you are ensuring you don't run into a ditch for lack of mindfulness.
22:32 "There's no shame in that."
Words for everyone and just as importantly, don't be a jerk!
Helpful 😊
This was so helpful. My supervisor was led to give me a copy of the Debt Money Makeover during a deployment when I was in the Army. I’ve worked my own version from the tenets and have gotten out of debt, just to get back into debt. I’m 54 now and I need to quit playing…I’m going to now work it right without variation. Thanks for this.
Wife and I went from going out to dinner for ' momentous ' occasions spending a couple hundred dollars plus to me grilling some nice steaks, etc on the grill - about $50 for a nice time and relaxing dinner
Nothing wrong with going out
Great advice from two of the best in the game . The only thing id add is , when buying that first house , dont go over your head for the ' forever 'home ' You dont need triple garage , four bathrooms and a kitchen the size of a ballroom to start . Buy a small to medium size home , but in good area , you can always improve a house but you cannot improve an area . Then plan to pay the morgage down and trade up as house prices grow . As Dave says , live within your means . Dont try to live to impress friends and family because , if things go wrong , they are very unlikely to be able to bale you out .
Buying a house 😂 It’s become utopia for most people these days, at least here in Europe 🙈
Mr. Ramsey is being nice. He doesn't want to tell you that when it comes to wealth is living within your means and common sense.
I wish I knew that advice when I bought our home. We bought a best house in a not good neighborhood. The house was completely remodeled, and I fell in love with it. Stupid idea. For the same amount of money，I could buy a not remodeled, bigger, decent house in the best area of the city. Fast forward 20 years, the house I skipped worth at least $1,000,000 more than my home.
Not only that he says there is no such thing as a dream home. Because you always want to add to it. You always want something more or different because you get used to it. You can build your home live there for a year and say damn I should of made the kitchen bigger or bigger yard or bigger blah blah. Which makes since.
"Common sense is like a super power."
Dave Ramsey lives in Franklin TN.? He offers common sense financial advice and scolds you like only a Dad could!❤
And we love every second of it!
All of Dave’s housing suggestions do not consider that most people pay property taxes similar to house payments
You dump all your money time and effort to get your house paid off what if you never want to sell your house?
@@pauly5502 I just pay off my house in January this year!! And let me tell you was the best feeling ever! A few years ago before buying my house I pay off my fisrt car and It felt good! Then I though why not paying off my house? I wasbsupposed to pay it off in 2032. Yes I knew if I wanted too I can pay it off sooner but I was getting somethings fixed at the house first. Even thought I have the money to pay it off I didn't want to take a lot of money from my savings. I keep sending 5k every few months and working overtime! I pay it off and still have money in my savings and about to move it all to a hysa! Next year goal paying off my new car! Just 13k to go. Not way I will keep that long for 4+years!! I will send 9k by december and the other 4k I will pay it off by feb-mar. Nobody can't tell me is not better feeling in the world to work and save money and not have to worry about a mortage or loan 😊
Then great ! You ain't got any mortgage payment ever again ! The house is an appreciating resource for whover inherits.
Dave, thank you for getting our family out of the debt ❤
Give yourself some credit. Your family got yourselves out of debt, Dave just gave you the motivation to do it! good job!
Very helpful and I’m not even American, but it’s just plain common sense for everybody. Thank you Shabbat shalom
Agreed. Shabbat Shalom ❤
Powerful! Helpful! Insightful! Thank you for having Dave Ramsey over for the interview. Really enjoyed it and appreciate it!❤
Love Dave Ramsey. It’s so good you did this interview because it’s good to keep revisiting these steps.
We paid off our house early by refinancing and paying an extra $100 toward principal each month.
We lived on my husband's income. My income was used for extras such as vacation, saving for a car, etc.
I love Dave’s answer to what is a priority. That’s how we are with our health. This is a non negotiable for us. Love that answer.
You can have fun on a staycation which costs less. Take the time off and stay home. Use the hotel savings to eat out a few times. Find free events in your area to visit.
The hardest thing is when the spouses don’t see eye to eye or one of them is emotionally immature.
I think you just have to gently show and teach them! Be patient-it’s hard for humans to change their thoughts and habits. But we can change with time and gentle instruction. You need to be committed to each other in every way including your everyday spending and the amount you’re saving for your futures together.
I’m in that boat lol
I appreciate your guys’ comments. I struggle with that with my partner. Monika, I think you hit it on the nose. It really is about education. She didn’t have the knowledge about finances growing up, so it’s my job to teach her through my own actions, a lot of grace and patience and love. Thank you
@@mattylight5051lettem crash than they’ll come asking for help 👍
Agreed!
Thank you for always having such informative guests. YOU ARE A BLESSING!!!
Thank you Eli
This episode is so refreshing and HELPFUL!
This is such a good interview.
Love it shouldn’t look the same because you are at different income levels. There is no shame in that. Love it
We chose to live at poverty level for 16yrs to cash flow our kids Catholic education. Some people would call us insane but it was nonnegotiable. We cared more about the Catholic education then we did about our home or our cars. The kid did the work and got full merit scholarship to Uni. We have no regrets, we purposely chose that path. With Dave Ramsey we became FI during the process. The 563 sq ft condo we lived in is now our rental property 😊 Fortitude yielded Grace through out the whole process.
Well done! 👏🏻
😂
❤❤❤
So important to hear.
We knew that we wanted to homeschool -even before our wedding day. Whew. That freed up money that we used to cash flow building our house. (While living in an RV.) pretty crazy but we've never had a mortgage. 😮
My heart does go out to the Jewish community, many of whom, I'm sure, feel that they must pay for private school for safety. 😢 Are there private Jewish home school co-ops?
😢🎉❤😂🎉😢😮😮😮😅😊ش 4:17
Kudos to Dave. I really enjoyed this episode, definitely Helpful !
Love Dave. If u follow the baby steps and automate as much as you can, u will become wealthy!
Kudos to you! That’s an impressive guest you got on !
Keep it up!
Just subscribed - Shalom brother LOVE this episode … I am a Ramsey Preferred Coach in NJ .. so glad to see the Solutions continue to spread into the Jewish community - Boker Tov !!
I always enjoy listening to Dave Ramsey... you did a great job as a host, bringing out some very interesting discussions!
This was both helpful and empowering!! I appreciate this so much!
I find that hilarious dave, my husband does not speak budget, I'm the one doing all the planning all the budgeting and he just wants to live life as if we have all the money in the world
This is my scenario also. I am all about the budget and watch my spending (for the most part) he doesn't want anything to do with budgeting. It's a challenge. He has gotten better, but it's hard. Never put money for banks together because of this.
Wonder if all the husband are like that! 😂😂
Love Dave Ramsey it was HELPFUL and EMPOWERING
There are steps to being wealthy. You got to follow the principles ♡
So excited for this episode
I love these collaborations. So helpful
Thank you for spreading the news of the importance of sound financial guidance!
Watch timestamp 43:00 some of the most beautiful words I have heard Dave say!!
There were kids in my class whose Bar and Bat Mitzvahs looked like weddings! From extravagant garden parties to renting out Hotels for an entire weekend!
😳
Not impressed
@@godblessyou7376 don’t care. Topic was kosher money.
We gave one daughter x amount for her wedding. Anything extra she paid for. Another daughter was given the same amount for a house. When she needed more we lent it to her and she paid it back with interest. Both daughters are good managing money.
You charged your daughter interest? Lol. That’s cruel
Me taking notes throughout! Amazing episode
Great collab! Kosher money for the win, dropping facts we all need to hear.
Our company spends most of its time teaching these principles. Keeping out of debt is the number 1 thing we teach. Parties and celebrations are so expensive now. There are ways around spending so much. Here is one excellent tip, kids love preparing for parties. Let your kids & their friends help with the decor and the goodie bag prep... get items on sale throughout the year. We buy our kids' uniforms at the outlets 6 months after school begins for the FOLLOWING year. ^^ There are so many ways to curb costs and keep debt-free. The more debt free, the more you have available to invest.
Super helpful and empowering video! Thanks for sharing it!
I really enjoyed your show I learned so much thank you. Have a great day ❤
Always helpful to listen to Dave ramesy
It was HELPFUL AND EMPOWERING 😊❤ Toda raba!
I really enjoyed this episode. It is so helpful and empowering
I learned that PMI is weighted by your credit score. I borrowed $562K and pay $91 a month PMI. And yes, I got a 30-yr and put down 5%. However, I pay mucho extra and will have it paid in 10 years versus 30. Of course I will get the PMI removed just as a small win in the journey.
HELPFUL EMPOWERING!!!
Helpful and Empowering!!!👍🙏
Helpful and life changing.
I really enjoyed this. Thank you for this podcast.
enjoyed watching thank you for sharing. so mush wisdom was shared. thank you.
This interview was so helpful and empowering 🎉😊
Amazing! Extremely helpful
Empowering! Thank you.
Helpful, thankful, Grateful!
Very helpful among other things. I think I need to budget for a Black Air Suit with Twillory. Great interview its nice hearing other views from a Jewish perspective.
Empowering - thank you.
Nice to hear Dave explained the baby steps not to nitpick, but Roth is not tax-free. It’s tax upfront.! I highly recommend Roth as Dave does. I maxed out my Roth every year and I suggest you all do the same but just to be clear.
Well done. Next step is to find affordable tuition
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Happy for this collab.
Empowering!! Very helpful! I took his class years ago and learned a lot! This was a great reminder for me! Even in these tough times... I do know that word..NO! Lentil tacos really are good! (Receipes in Pintrest) Thank you!
This is Golden!
Love Dave Ramsey.
A nice collab, he understands some aspects of jewish life and always keeps it real.
Dave made his money helping people solve their debit problems great country America
Helpful & Empowering
Helpful and empowering!
Excellent information on donors fund.
Also great question you are asking Dave Ramsey.
empowering and awesome, explanations are simple and explained in common words that everyone can understand.
Thanks 😢
Helpful and Empowering! Thank you 😊
Please share why Dave says 'better than I deserve' !
Ko$her Money never lets us down 😂
Fr. The best financial channel out here 🙏
Helpful and Empowering ❤
Enlightening
Helpful and empowering! Numbers 6:23-27. Blessings!
Helpful. Thanks to both you.
Amazing episode!
Helpful & empowering 💪🥳🍻
"It's not religious, it's just prestige and childish", So very true!!
I LOVE YOUR SHOW!
My brokerage account loves my credit card cash back. Not everyone are credit card people, but for those of us who are, they work great.
Helpful, informative.
Very well done Eli
Powerful
after comijng across Ramsey 3 days back and that he makes me sleep after 3am in the mornng just listenng to him, i just got of the phone to pay my loan off. shuuuuu, thank YOU Lord Jesus in guiding me to this son of yours smiles....
Awesome so many useful insights
My finance attitude changed after I went to emergencies for E. coli treatment in Swedish medical care. For two hour checkup laboratory the cost is $3200. Wow that’s insane. I don’t even have that much in my bank account. I use payment plan. I will pay it sooner or later. But it just changed my mindset.
Thank you for another helpful episode!
It was helpfull and empowering, from Tanzania 🇹🇿.
Super empowering!
HELPFUL EMPOWERING
Super helpful and extremely empowering!
Helpful and empowering! Thanks