The Foundations Of Building Wealth - Dave Ramsey Rant

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[Ammo-Hoarder]

The whole point of wealth for me is freedom. My magic number in my mind is $5 million needed at 65 to not worry about anything and i am halfway there. Since i am closing in on retirement, i am searching for an aggressive strategy to boost my Roth accounts and maximize the tax-free profits.

[AnhYeuEmMaiMai]

2 cars paid for, house paid for....one last debt to pay off and we are good. Dave, God bless you man...

[CadeSperoni]

"If your broke friends arent making fun of you, youre doing it wrong." My favorite quote, when I sold my 2016 Tacoma that had me $30k in debt and bought a cheap car in cash, my broke friends thought it was hilarious! But now im debt free and with my savings building up, soon ill be the one laughing! :)

[telecasterbear]

The parking lot at work is full of big trucks driven by workmates who get nervous if there isn't any overtime everyday. I drive a paid for small car and i will be retiring soon.

[MonaghanMLOUISE]

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[armyguy]

52 this year. Just diagnosed with cancer on Christmas eve. But surgery and much prayer has given me a new lease on life. THE FIRE IS LIT!! For the first time in my life the wife and I are on the same page financially. And with God and Dave's help we are moving like a run away train toward financial freedom.

[johnnnewmex]

"you're not even there yet and you're breathing easier." I love that. It really illustrates how being debt free and having an emergency fund can totally change your life.

[Dudefromspace]

"stop spending more money than you have, you're not congress" almost fell out of my seat laughing.

[itsstillfriday]

I feel SO AWFUL for being so mindless with money in these past 25-years. I lived without budgeting.. I lived in late-fees and overdraft city...
I took out student loans to go to classes, and never did achieve getting that degree... Also, a few years ago, I drew out what little 401k savings I did have..
To think, if I had saved for all of these years Ive been working, I could be RETIRING soon!! ... (I take FULL RESPONSIBILITY for what I've done, and not done)... and now, So now, age 43, I've begun my financial make-over.

[williamshaw]

Step 1: Start saving towards an emergency fund. ($1, 000).
Step 2: Get rid of all your debts except your house.
Step 3: Slowly build on that emergency fund to cover 3-6 months expenses in your life.

[DivInv]

This show should become a required High School/College course to take in order to graduate. Dave for president.

[JAKE]

Dave, I'm so glad I found you before I ended up like some of your callers. My wife and I are about 20, 000$ in debt and combined we only make 35ish. But our rent is only 400$! We just started Monday and our emergency fund already has 550$ and if all goes to plan, we should be debt free in two years!

[stewdog]

Consumer spending is the worst thing you can do. The highest form of entertainment is peace of mind and overall health!

[specialsituationsinvesting]

5:35: “If people aren’t making fun of you, you’re probably not on track”

I have had co-workers make fun of me for the car I drive for years. However, these same co-workers have recently begun asking my advice for how to run a household and get out of debt. Talk about a confidence boost when you don’t have to impress someone else with what you own.

[jasonsongs]

I put down 25k cash on a car and the car salesman was shocked....he was like....how could someone at the age of 27 pay for a car in full?

[debrawilliams]

Let your broke friends laugh! At least you will be "laughing" all the way to the bank!

[RetireCertain]

That initial saving is so important to set the stage for wealth accumulation.

[aklar_]

"People are stupid, people are broke" now this is some wisdom

[stephencarbonaro]

I came across your channel because I was looking for advice on how to buy my next car. Well, that changed. I guess I'll be paying off the 2 I have, and grow up. I just needed someone to tell me that. Great clip!

[CriticalThinker]

I'm so grateful to be debt free & have my emergency fund. We're blessed to only have our home mortgage payment left. Thanks Dave! I was doing your system without even knowing it, good common sense money management.