Why Dave Ramsey Is Anti-Debt

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[JA-zhxi]

You can’t put a price on the peace you get from having zero debt. Did it in my mid-40s. Meanwhile all my friends have bigger homes and nicer cars - all with payments. They’re always stressed about bills.

[JohnJohn-wrjo]

There is no feeling like being totally Debt free. It's better than any car, boat, rv, vacation, high that lasts for a few weeks. All it takes is a little sacrificing and self control when your younger and when you retire it gives you a feeling of freedom that adds years to your life.

[bradwilliams]

49 and my only debt remaining is some medical debt. Once I get that paid off I plan, hope and pray to remain debt free for the rest of my life.

[LilannB]

Dave is correct. When you have no debt. You have peace of mind. You also have real choice.

[paolaristori]

My grandfather, who was a top executive of an Italian bank, always told at home that to buy by instalments would ruin a family.
Two generations later we still stick to his advice and enjoy our family more than comfortable way of living
.

[MidwestMoney]

I've been debt free for 10 years. I paid my first house off when I was 32. Now I'm a millionaire who's still working the same hourly wage job. You do the math.

[azteca]

We paid off our house. That gives me a sense of peace.

[hiddenname]

I know the feeling of having debts vs. being debt-free. The peace of mind, the freedom, the feeling that no one owns you, it's all worth it. I haven't had debts for 10 years now. I don't want to lose all that benefits.

[GardenerEarthGuy]

I've been completely debt free since age 40-

I live simply with low property taxes, drive a manual transmission Toyota truck with roll up windows and a.c.

So many of my friends are forced to work overtime just to make ends meet.

I just go through my day enjoying life...

There is no price on freedom and peace of mind-

Actually there is and it's paying off your debt.

Live Free Or Work Overtime!

[CycleCruza]

Also, what is great about living 100% debt-free is you don't have to make as much money and can work less if you want to when everything is paid for. It is much easier paying only property taxes. You don't even have to get homeowner's insurance if you don't want to when you own your house outright. Like dave said, you sleep better at night too with less anxiety.

[blackworldtraveler]

Zero debt is a major part of my minimalistic ways.

[elchapojr]

I love when Dave says “you can always get back into debt” 😂

[puppetmaster]

I have always said it " A MAN WITHOUT DEBTS IS A RICH MAN "

[Argedis]

Peace of mind from financial freedom is priceless.
Let the Joneses have debt with car payments and their mortgage.

[injanhoi]

Dave is inspiring me to get out of debt completely. I don't have much debt but I want to get rid of it as soon as I can so I can have the feeling of being debt free.

[yuckyool]

Love Dave Ramsey. I am a CPA who "does it his way" . . . yeah, we have some (low%, fixed-rate) debt on house and on rental property, but ~1/3rd of total equity on each.
Still, his advice makes a lot of sense because for some/many people, debt can be intoxicating and deadly.

[RedBarnFinancialTV]

I can appreciate that reasoning. That said a small amount of debt isn't bad if it opens doors. The story of the talents the servants were lent money to grow.

[tomdrummy]

Peace of mind……..and freedom. The thing is………many people aren’t aware of what their mind is doing. 🙂

[andrewlayton]

I have several friends whose stories are similar to Dave's - never late, never missed a payment. But went the BANK got into trouble, the credits lines dried up and the loans got called. All that (mythical) equity vanished and they too went BK. Debt, therefore, is a risk.

[TheTopherocks]

Peace over math for me. I hate owing people money.