This Is Why You're Still A Poor Person

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[jameswood]

Financial management is a vital subject that many avoid, often leading to future regrets.

[silverfoxproductions]

My wife and I just finished paying off $94, 673.35 this morning. Praise God and thank you Dave for these teachings! I’m 22 and she’s 23 so we are excited to start young.

[laurol]

We were dirt poor as a family of 4 making $17, 000 a year and $11, 000 in debt. We followed Dave for years. Now we own a beautiful home with $265, 000 in equity so far. My husband and I each have a retirement account. Our kids are grown. We'll be selling this home and purchasing a smaller home with no mortgage.

[RaymondcrawRaymondCrawley]

Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!

[EB-gtpq]

No purchase is better than the peace of mind of having no debt.

[zuhalter]

One of the best feelings I've ever had was the day I was sitting in the dealership, waiting for my truck to get some repairs, and started talking to the dealer about getting a new truck.

He said, "Let's check your credit."

I said, "Nah, if I get something, it'll be cash."

The dumbfounded look on his face was the most priceless thing I've ever seen!

I didn't buy a new truck that day, because the repairs were a better option, but just seeing him so confused made me smile!

[hirambond]

I’m 63 years old and I can’t tell you how refreshing it is to see a brilliant young lady on the show. Hopefully that will help you reach a broader audience. It shouldn’t just be us older guys talking about money! Thank you ma’am for your intelligence and your insight! It is a pleasure watching you

[ahmedfadul]

"Rich people don't ask how much down and how much monthly, they ask how much " Love it ❤ .. very true!

[chriswalter]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[joannegibson-lucas]

For those of us who are older, we remember when the banks encouraged farmers to take out loans for new equipment and mortgaged their farms. Then they called in the loans and farmers lost their land. This was in the 70s. My dad kept his old equipment and we were OK. But it was tragic for a lot of farmers. Don't trust bankers, lawyers or preachers. They all want your money.

[carleywainwright]

My final federal student loan payment went out this month! $20K I will never owe again. I made payments during the pandemic and I’m so proud to be part of the 1% who did. Thank you Dave and everyone at Ramsey Solutions. Next snowball is my car! 😊 Trying to get out of middle class 🤞

[GamingTaylor]

My wife grew up very poor, it was incredibly difficult to get her out of the mindset of "why don't we finance the ____?" phones, fridge, washer/dryer, bed, game system, house repairs, tools, etc. For me it's "ABSOLUTELY NOT" and since we have been together we have had $0 debt besides a 15-year mortgage that we will pay off in 10. Financially we are set. We may buy a Car in the next 2 years or so, but trust me it will be paid at least 50% in cash, but hopefully 100%. People do not understand the horrible implications of what financing/loans does to your monthly income long-term.

[mariorta]

Sep 2023 just did my last home payment!!! Like papa dave said before, I feel and smile differently now. Thank you, Mr. Dave.

[Malitubee]

“If you want to level up; you change your behavior, you change your habits, you change your views . Where there is no vision the people perish”

[rustychain]

My FIL had moderate income, invested well, denied himself nice cars and vacations, had tremendous income when he retired at 65...then...three months after retirement he was diagnosed with stage 4 pancreatic cancer and passed two months later. Live you life in moderation but enjoy yourself.

[terrisewell]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too.

[jeremyhicks]

No car payment
No credit card
No house payment
Almost debt free.
Emergency fund saved
Railroad and military retirement!
401k and stocks. Let's go!
My ex wife said I love Dave Ramsey more than her. Yup!👍🏾

[gospelician]

Dave, "forever and ever, Amen" 😂 I loooove Dave, his realness, bluntness, and no nonelsenseness ❤❤. He cares! Thank you for this DR! The Finance Doctor!

[yosoy]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

[unclemarksdiyauto]

So true, all you both said. You really don't need the newest and nicest stuff to be happy. Happiness can be sleeping at night not worrying that the bank is gonna come take back everything you have!