11 Financial Terms Everyone Should Know

About this episode:
Some things are just complicated, like quantum physics or that Avril Lavigne song. But money shouldn’t be one of those things. In today’s video, I’ll break down 11 financial terms everyone should know—because the more you understand about how money works, the more likely you are to reach your money goals.

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[SteamyCup_Games]

I thought it was called gross income, because it is disgusting to see how much they take away from you

[Jersderakerguoe]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[joshtardiff]

Awesome break down thank you for clarifying these terms. Being a dad who loves dad jokes. That was icing on the cake. Keep the content coming.

[scottcollard]

I love that: Stay away from debt, at all “costs”

[bryang]

Dave’s team rocks! Thanks Dave! George is one of funniest/wittiest guys on the internet! I will continue to follow their teachings they have changed my life!!!… BUT they do rarely touch on brokerage accounts and the ins n outs of them. They will change your life if used properly! Please make video on one! Thank you George!

[jeremyflatter]

George, love your shows. Your sense of humor, entertaining approach is great to relate to a large group of ppl. What an asset you are to all of us and to the Ramsey team.

[davidcarney]

Thanks for the Avril mention! Going to see her in concert with friends!

[ramonajames]

Nice Nick Cage impression. Mutual funds/ETF's would be a great topic.

[cherrypieforbreakfast]

A third of our monthly budget is sinking funds: car repair and tires, vacations, a future vehicle, a side of beef every six months . . .

[jordanhoman]

5:14 Peanuts legumes like peas. So peanuts are peas that taste like nuts, not nuts that look like peas.

[Demonizar]

Currently in the middle of your book Breaking free from Broke audio version and the credit score chapter is absolutely ludicrous and so funny, still working on it at chapter 12 now, loving it

[Gotta_Keep_Moving_On]

I live in the UK and came across The Ramsey Shownby chance. I really enjoy your videos in particular and have started adopting the ideas to my options. Putting more into my pension (our 401k) and opening a stocks and shares ISA investing in a mutual fund. As with most people, I wish I'd started pushing things earlier...happy I have at least learned the lesson. Cleared all debts also. Thanks for the content!

[Turtle]

GEORGE. You somehow got me with the Buy Now Pay Later Hot Cheetos. I’ve done this before and yes, it was a low point hahaha. Oddly specific….. hahahaha

[itatreeneetee]

Just what I needed to know. You Sir, are a Godsent! The 'pity party' joke was flaming though.

[jacquelinefiander]

George you get better and better each and every time thanks for the talking money the straight up way!

[Moneywithswabi]

This video brilliantly demystifies the complex world of finance, breaking down essential terms with clarity and precision. It's a must-watch for anyone looking to navigate their financial journey with confidence. Great job!!

[TheHavocdog]

I thought zero based budgeting is something different.
Zero based budgeting is where you start the budgeting with each category starting at zero. Then as you start the budgeting budget, you review the need in each category, scrutinizing the need, irregardless of what you may have listed it in previous budgets.
It is intended to not accept previous budgets as accurate. It is intended to scrutinize each need in the present and not in the past.

[katiewest]

As I’m watching this, I am cross-stitching. Not a Nicolas Cage pattern though. 🤣 Love your videos. You break it down so easily and with some humor. Everyone needs to call debt what it is! So many people say “I only have student loans” “I only have 2 credit cards” etc etc. Doesn’t matter- you still owe! Thank you! FYI-we did see Taylor’s concert-paid REGULAR price and had a blast! Use that sinking fund for her farewell tour!

[rdDarkwood]

Damn. I'm 43 and still "un-learning", and "re-learning" some of the basics. It is so frustrating to realize just how many different rabbit holes there are in the world of personal finance. On the one hand, I'm grateful for people like Dave Ramsey and George Kamel. On the other hand, I still want to go full Fight Club and nuke Wall Street.

[PeperazziTube]

Debt = someone else's money, and they want it back!