Don't underestimate your 3yr Olds capabilities 😁 My youngest was not quite 3 but fully capable to inform daddy when he came home from work, "I need a hug, a kiss, and some money!" By the time she was 5, she started her own "business"...turned the living room into a ball room, and everyone who passed through was supposed to pay a penny and dance with her... and she was going to make A LOT of money! 😅
Interesting. For me it wasn't bankruptcy but coming from a third world country where saving and being debt free was key because the economy was in perpetual downfall.
I read your book when my son was a baby and started teaching him right away that money comes from work. Each night before bed we would have him pick up his baby toys and then give him a coin and have him drop it into his piggy bank. Now he is 6 and doesn't get paid to pick up his own messes, but he knows if he want money he has to do "jobs." 3 is not too young to start.
So nice! Rachel, can you interview your sister as she is older to share what she remembers and lessons during the process of your parents going through bankruptcy? Thank you
I was shamed as a spender, and it really caused issues with secrecy that lasted for decades. It took me decades to finally put it behind me. Great advice.
Our family is proof that the baby steps work AND that you can raise money smart kids! We implemented smart money smart kid’s strategies when we were getting out of debt. It is the best thing we could have done.
My wife and I have been debt free for 4 years now. We feel like we are more secure and have more freedom. I feel that accumulating stuff causes more stress and anxiety. We don’t worry about money anymore and that feels great.
I grew up in a family with two parents that survived the Great Depression. They were so frugal and debt averse that I am wont to describe myself as an underage survivor of the Great Depression. My Dad would have made Dave Ramsey look like a spendthrift. But it all paid off when Dad passed and left me with enough money to buy a house for cash and be able to do it over again.
I tear up when I see what a wonderful job your mom and dad have done with you. I have a little girl and we're doing our best with bringing her up and teaching her good money habits. Thank you to you and your family for sharing your life and story. BS3b
I think this show was really important for people’s mental health at the moment, removing some of the guilt pressure people are feeling about what they are about to experience as families and that it will be okay and there’s light at the end of the tunnel and everything isn’t going to always be broken. ❤❤💋
This show's personalities literally advocate for parents to kick their children out at 18, avoid higher education, and live like bums until they're 75 and are too old to enjoy their money. Quite a lot of guilt pressure if you ask me.
I can surely relate to this. Growing up poor in the 50' s was very hard for my parents. As I grew older and reached 10 yrs old I watched my Mother handle her nickels and dimes. Luckly for me their was a golf near by where I could earn some money. My Mother taught me how to be a saver. Too this day My wife and I are financially secure.
70s and 80s America was tight. I worked bc I wanted cash. Started babysitting at the summer after 7th grade. Haven’t had a summer off since. Lol. Kids today don’t want for anything therefore they don’t strive for it.
I love listening to you spend share and god always tripled that when you spend for others and yourself and family. I love spenders they got a big hearts.
I would like videos on how to handle children/teens only wanting name brand. For example I'm not buying my 12 year old lululemon just bc of the name. I understand teen years are so tough. How do you combat the need for name brand just bc that's what friends have. Especially when it's just not in the budget.
I am tired of this. I was raised as a Commission IS an ALLOWANCE which I did NOT get. Which means. You work and do chores. You DON'T GET PAID. If you do. That would be called an ALLOWANCE Clean up the playroom...you made the mess. Bring in the groceries. They bought it. What else?
Don't underestimate your 3yr Olds capabilities 😁
My youngest was not quite 3 but fully capable to inform daddy when he came home from work, "I need a hug, a kiss, and some money!"
By the time she was 5, she started her own "business"...turned the living room into a ball room, and everyone who passed through was supposed to pay a penny and dance with her... and she was going to make A LOT of money! 😅
How precious, thanks for sharing!!
Interesting. For me it wasn't bankruptcy but coming from a third world country where saving and being debt free was key because the economy was in perpetual downfall.
I read your book when my son was a baby and started teaching him right away that money comes from work. Each night before bed we would have him pick up his baby toys and then give him a coin and have him drop it into his piggy bank.
Now he is 6 and doesn't get paid to pick up his own messes, but he knows if he want money he has to do "jobs."
3 is not too young to start.
So nice! Rachel, can you interview your sister as she is older to share what she remembers and lessons during the process of your parents going through bankruptcy? Thank you
I was shamed as a spender, and it really caused issues with secrecy that lasted for decades. It took me decades to finally put it behind me. Great advice.
It never fails to amaze me how the biggest show-offs have such strong opinions about how others choose to spend their money.
Our family is proof that the baby steps work AND that you can raise money smart kids! We implemented smart money smart kid’s strategies when we were getting out of debt. It is the best thing we could have done.
My wife and I have been debt free for 4 years now. We feel like we are more secure and have more freedom. I feel that accumulating stuff causes more stress and anxiety. We don’t worry about money anymore and that feels great.
I grew up in a family with two parents that survived the Great Depression. They were so frugal and debt averse that I am wont to describe myself as an underage survivor of the Great Depression.
My Dad would have made Dave Ramsey look like a spendthrift. But it all paid off when Dad passed and left me with enough money to buy a house for cash and be able to do it over again.
I tear up when I see what a wonderful job your mom and dad have done with you. I have a little girl and we're doing our best with bringing her up and teaching her good money habits. Thank you to you and your family for sharing your life and story. BS3b
I think this show was really important for people’s mental health at the moment, removing some of the guilt pressure people are feeling about what they are about to experience as families and that it will be okay and there’s light at the end of the tunnel and everything isn’t going to always be broken. ❤❤💋
This show's personalities literally advocate for parents to kick their children out at 18, avoid higher education, and live like bums until they're 75 and are too old to enjoy their money.
Quite a lot of guilt pressure if you ask me.
Freedom without shaming!! ❤️❤️❤️
I love how u said u are a spender. You show that we can spend & save! So happy and thankful for that sharing moment. I appreciate you!❤️
Proves they never lived on rice and beans after all...
@@15KHPCLUByou're a troll lol. Got nothing better to do than camp out in the comment section I see. 😂 Relax bro.
@@YurLord Move out of your blue state you snowflake. ❄️
Just started watching more of your dad's shows along with yours! Love the father/daughter duo as well as your transparency about your childhood. :)
Working at home or doing chores is normal thing...without even thinking about getting paid.
I love your videos
I can surely relate to this. Growing up poor in the 50' s was very hard for my parents. As I grew older and reached 10 yrs old I watched my Mother handle her nickels and dimes. Luckly for me their was a golf near by where I could earn some money. My Mother taught me how to be a saver. Too this day My wife and I are financially secure.
Great ideas. You had good parents ❤️
I think this was my favorite video you have ever done! Thank you for sharing !
It's sad that RUclips puts new car ads on during many of the "Ramsey stars" videos. Wish they would show a family enjoying a time at a park, instead.
That's what they call "target advertising". Those ads are meant to get you to buy stuff you don't need.
Great teachable moments, Thank You for your sharing family memories! 🙏
Yes! Start where you are today!
This was a great video Rachel
Wow! Powerful video! Thanks for sharing Rachel 👏
70s and 80s America was tight. I worked bc I wanted cash. Started babysitting at the summer after 7th grade. Haven’t had a summer off since. Lol. Kids today don’t want for anything therefore they don’t strive for it.
I love listening to you spend share and god always tripled that when you spend for others and yourself and family. I love spenders they got a big hearts.
What a great video, Rachel, thank you so much!!
What a great video. Sharing this insight was very refreshing and so interesting.
Great video. Thanks for realising this
Thank you for sharing 😍🙌👏🏵🌺🌻🌹🌼
Great video!
Excellent advice
Loved this video!
"We never went on vaction, we went camping." Wait, camping isn't vacation???? I didn't know that til just now. 😂
Camping: paying decent money to pretend you are homeless.
But love that campfire!
Wet Seal??????
Dang I miss that place!!!😆
I remember things from 2 years old. Particularly being bit in the face by my mom's evil dog.
Growing Up Bankrupt” sounds like the name of a hilarious yet sad sitcom.
I'd watch it especially if it was about the Ramsey family LOL
I would like videos on how to handle children/teens only wanting name brand. For example I'm not buying my 12 year old lululemon just bc of the name. I understand teen years are so tough. How do you combat the need for name brand just bc that's what friends have. Especially when it's just not in the budget.
I’m a spender too 😂 but I also save and give ❤
Picking up their toys and helping Mom carry in their food warrants payment?
Lol...rich people
6:54 What percentage of your net worth was the Slinky? Could you afford to lose it?
Put some of that cash in a savings account!
Hoarding and consuming can both be obsessive, can’t they?
✝️🙏
I'm sorry but I don't think the Ramseys ever knew too much hardship, the bankruptcy story is very much embellished everytime its told.
Dave didn't even have hair when he was young?
Lol...I had to pay rent when I was 16 and work to get a phone and a car...so seems you were very spolied.
sounds miserable
My parents were killed and the rest of my family abandoned me when I was 17.
There will always be someone better or worse off than you are.
I am tired of this. I was raised as a Commission IS an ALLOWANCE which I did NOT get. Which means. You work and do chores. You DON'T GET PAID. If you do. That would be called an ALLOWANCE
Clean up the playroom...you made the mess. Bring in the groceries. They bought it. What else?
Wet Seal!!! 😂