I Have A Lot of Debt and No Retirement!

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[stevensmiddlemass]

Since watching this video I have really put the pedal to the floor on retirement savings this past my automatic withdrawals for 2023 to max my 401k and ROTH IRA accounts. I make under $150k a off our vehicle and my wife is babysitting 1 child from church which has helped me pull the trigger to max everything out.

[mine]

They are in a better financial position than most Americans……

[ChristopherAbelman]

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

[Bankaimg]

110k in savings making 90-100k a year Is very impressive imo

[robertharvel]

In today's economy, assistance is critical if we are to survive. I was really hopeful about my investments this year but all my plans have been disoriented, I've been studying the stock market and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

[sherridevries]

I like this guy. He will do well. He just needs the education on what to do with a plan. 🎉🎉 Hes teachable

[MaryOlson]

I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.

[Madlyn]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are

[MikeNapoli]

I started a retirement trust fund when I was in middle school. I’m 24 now, and every decade it doubles the amount that is in there and by the time I’m 60, it will be a million dollars. Save now people.

[ryanwilliams]

People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Differing investment approaches yielded disparate results. Guided by a financial advisor, I'm currently retired.

[tonytoni]

I’m 28, have been investing in my 401k since 23, you might as well get something out of your employer while working there. I don’t wanna retire broke.

[tdub]

if you use a debit card and there is theft, the money will disappear from your account. and they will take their sweet time returning it. if they do the same with a credit card, it doesn't matter that it takes them a month to straighten it out, because it's not cash they have wiped out.

[vincentnaticchione]

Love the Ramsey show and agree with everything except for when you have a responsible person paying your card every month the points are so worth it for travelers. 99 dollar annual fee card that can get you a trip to Europe and back which would be about 700-1000 out of pocket. Completely agree not having cards for people in debt/irresponsible spenders

[xlerb]

That fellow reminds me of me. I was just a few years younger than that when I got serious about saving. They'll do fine if they stick to the plan. We did. On track to retire any time I want, I just don't want to yet. I still enjoy what I do - but it's nice to have the freedom to walk away if the company and I stop seeing eye to eye.

[diane.moore-]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[cathyblasco]

65 years old, still working full time. Already on Medicare A, B and D. My only debt is about $2K on my vehicle, paying off in Nov. There's $20K in savings, $2, 500 in cash. House is paid off. I am terrified that my $70K in the 401k and SS will not be enough to live off.

When the vehicle is paid off, I will be throwing that $400 each month at the 401k, and work until I have a grandchild (grateful there are no plans for that now).

Still terrified.

[travelnurseadventures]

I want to see a show on how many of the Ramsey Personalities are Debt Free and if they are Everyday Millionaires and how they got there--more Everyday Millionaire shows please🥳

[karenabrams]

This one was Ramsey Gold. Really good stuff. Thank you. I need this coaching in my life.

[JudiHimEver]

I disagree with cutting up your credit card IF you have self control. I earn about $1, 000 a year from points for Christmas by charging everything BUT paying it off each WEEK.

[agallgood]

Being on the road to Free from Debt changes how you look at $$$$ ! What Dave said about making every dollar work for you - its Living Within your means.