I've been 100% debt free, including mortgage, since 1993 when I was only 32 y/o, long before I ever heard of Dave Ramsey. Luckily, I had the benefit of having parents to teach me how to be responsible. If you are not blessed with great parents as I was, please listen to Dave. He is 100% right and it is a great feeling to not be in debt to anyone.

@magacop5180

Жыл бұрын

You must not have had crippling student loan debt. Becoming debt free is impossible for these young kids now.

@rickbackous1041

Жыл бұрын

@@magacop5180 I did not have student loan dept. I had a plan.

@freeindeed8416

Жыл бұрын

@@magacop5180 It’s not impossible, it’s challenging. We can do all things

“Where’s your money now?” Cold storage my friend.

@ZidaneSteiner

Жыл бұрын

I'm sure he thinks cold storage is the same thing as a refridgerator.

@ThreeSixFour

Жыл бұрын

Not earning interest and losing value compared to fiat… good job

@johnboyle5663

Жыл бұрын

SPOT ON!!

@SevenRiderAirForce

Жыл бұрын

@@ThreeSixFour Short term yes, long term no. Historically, anyway. Who knows about the future.

@choward5351

Жыл бұрын

@@ThreeSixFour non custodial wallets. Earning interest and in most cases higher than fiat. Educate yourself my friend.

“I lost my money when i was stupid too” 🤣

I've been looking forward to Dave's reaction ever since ftx collapsed. He didn't disappoint

@rdbeaz

Жыл бұрын

Me too

@macpj12j

Жыл бұрын

made off fraud was 68 billion though

@cryptokoolaid

Жыл бұрын

yes but he's wrong, this is ONE exchange it does not invalidate the entire industry

@carlswindelliv2701

Жыл бұрын

​@@cryptokoolaid oh really well then go ahead and try another exchange!!!!!!!! I guarantee u Dave Ramsey will be laughing at u next!!!!!!!!!!!!!

@danielgalloway8735

Жыл бұрын

He never does. He's an arrogant individual that plays his followers.

It’s simple really. FTX = centralized company Bitcoin = not a centralized company When Lehman failed, we blamed the bankers / executives, not the US dollar. Same concept.

@adiintel1

Жыл бұрын

But didn't the fedral reserve 🤔 bail out the banks accept for lehman...

@adaezea5963

Жыл бұрын

This

@henryjubeda7617

Жыл бұрын

Lehman, bankman, madoff all ran jewish IOU scams

@MattZiggy

Жыл бұрын

@@adiintel1 Probably had something to do with the Treasury Secretary at the time. Paulson only worked for GSacs previously. GSacs and Lehman were only bitter rivals.

@ericpowell4350

Жыл бұрын

@@MattZiggy Goldman Sachs and the other big banks were able to buy the assets of their rivals for pennies on the dollar. Paulson and his friends only became richer and more powerful.

Lol the fact people are using the exchanges and letting their money sit in them, it's Dave's old axiom. Don't invest in things you don't understand.

@James-vj5hz

Жыл бұрын

Yeah it wasn't their money lol. They donated it to FTX the moment they gave them their keys. Rekt.

@LarsonFamilyFarm-LLC

Жыл бұрын

They gave their money away..freely.

@radfoo72

Жыл бұрын

Absolutely. Great advice! My pops lost 10k to the HOO exchange this year and he could have avoided that debacle if he had just asked me for help withdrawing his funds instead of taking advice from random @$$ people!

@wittyusername9544

Жыл бұрын

There are still many who leave their money in these brokers. They didn’t learn from Celsius.

@jozuzl1

Жыл бұрын

How do you get your money off? Can you link a video or direct ppl in a helpful fashion 🤔

Just when we thought no one could outdo Bernie Madoff.

@borisjankovici662

Жыл бұрын

I kind of feel bad for him. Being the worst of the worst was at least something. Now he can't even be that.

@BornShell

Жыл бұрын

🤣😁😂

@kosmonautofficial296

Жыл бұрын

Bernie madeoff with all the money, but Sam left the bank-fried

@Polo22546

Жыл бұрын

Facts! 😂

@waterheaterservices

Жыл бұрын

Made off

My wife and I have been debt free (including our home mortgage) since 2018. I am still trying to get used to it! It no longer matters when you get paid, what date it is. For decades I had monthly "goals" to meet all our bills. Now, it just doesn't matter. When a bill comes in, I just pay it. Same day. When I want to buy something, I just buy it. Dave Ramsey was a great inspiration and he has been right all along.

@rbjusmc1

Жыл бұрын

Same here! Congratulations! As far as career, I get to do what I want to do, not what I have to do.

@garyK.45ACP

Жыл бұрын

@@rbjusmc1 Me too. So I retired! Now I go fishing and shooting. 🤣

@Eapp1480

Жыл бұрын

💪🏽

@tashasmith1743

Жыл бұрын

What a great feeling!! Looking forward to that!

Not your keys, not your coins. This will be a painful lesson for many.

“It’s one of your favorite pastimes” 😂 I love Rachel!!

@kagnewcobra5228

Жыл бұрын

Yep, me too. "Go right ahead".

@earthpiga2

Жыл бұрын

I imagine she heard that a lot growing up.

@kashfortheking

Жыл бұрын

That was funny.

@strangerdanger8462

Жыл бұрын

That had me laughing. Rachel's delivery was perfect 😂😂

@matthewphillips5483

2 ай бұрын

Nepotism makes her happy.

"Victory has a thousand fathers while failure remains an orphan" Enjoy all the good calls every chance you get

@Blueman2018

Жыл бұрын

And “ debt has many customers and no friends” words to live by 😊

@anastasiat1481

Жыл бұрын

What does it mean?

@stevenclay9573

Жыл бұрын

@@anastasiat1481 It means we all love to shout about it when we're right but we are quiet and hide when we are wrong .

@capt.obvious4487

Жыл бұрын

I mean to the non believers like myself it was just a matter of time and now it is are time let them enjoy you guys had your time.

@anastasiat1481

Жыл бұрын

@@stevenclay9573 thank you 😊

Dave is the undefeated finance champ. There’s a difference between investing, and gambling, and most don’t know the difference.

@CurieBohr

Жыл бұрын

All investing is gambling. Don’t believe me? Tell me again how your investments are doing in 2022.

@grease58

Жыл бұрын

@@CurieBohr My INVESTMENT properties are doing terrific, thanks. Great, well-vetted tenants and fantastic rents. Thats not a gamble (and oh yeah, NO mortgages on either one).

@takagi298

Жыл бұрын

@@CurieBohr they’re doing pretty good ngl

@CurieBohr

Жыл бұрын

@@takagi298 lol. Sure bud.

@CurieBohr

Жыл бұрын

@@grease58 well, real estate is about to tank. So that’s coming. Rents are decreasing, that’s coming. I too have a rental. I don’t expect to raise, but be lowering rent. Good thing they’re paid off. I didn’t really mean real estate though. I should have clarified stocks.

"To the people saying we need regulation are neglecting to acknowledge that what FTX did was illegal."

@zruthl

Жыл бұрын

FTX only purpose was for money laundering.

@kateruterbories2692

Жыл бұрын

It won't matter. They did it so they could regulate.

@Lugiox

Жыл бұрын

And what does regulation try to curb? :O

@borisjankovici662

Жыл бұрын

@@kateruterbories2692 Exactly.

@Roger_Rabbit_Adventures

Жыл бұрын

He knew the regulators

I’ve missed the good, ol fashioned Dave rant😂

@stevenporter863

Жыл бұрын

Me too. Just icing on the cake.

@henryjubeda7617

Жыл бұрын

If only he got it right. Madoff and bankman ran the same jewish ponzi scheme. FTX also scammed people on synthetic stocks. I don't hear Dave about that.

"Where is your money now?" In my personal wallet. Not left on an exchange where its in the terms of service that you lose your funds if they go under.

@insideoutsideupsidedown2218

Жыл бұрын

My hands exchange my money from my wallet to do purchases or invest.. only exchange I trust.

@quiverfullfarms8977

Жыл бұрын

The ol addage...."Not your keys, not your coins"

@zackwheat5770

Жыл бұрын

Dave doesn’t understand that people can be their own banks. FTX’s fraud didn’t cost me anything.

@borisjankovici662

Жыл бұрын

And how much value has it lost because of this situation? How much value will it lose next time? And when it becomes regulated (which is probably why this happened, as a setup) you're not going to experience great gains.

@RaistlinKishtar

Жыл бұрын

Dave doesn’t know his exchange from his hard wallet.

Cash is king. Debt Free is the goal.

@insideoutsideupsidedown2218

Жыл бұрын

Except for my house, I'm there

@konichiwa3744

Жыл бұрын

No cash 2030 agenda

@tsaunders4684

Жыл бұрын

Debit Free is overrated. It just depends on the kind of debt you have and if your making money off of it. Look at Grant Cardone and Robert Kosiyki. They both have debit and are super rich. If you can borrow money real cheap and and make money who would take that deal. A lot of Millionaires had debt and took some kind of risk to get things going.

@blackworldtraveler3711

Жыл бұрын

@@tsaunders4684 They are probably paycheck to paycheck and dependent. Living off of people like you. I’m retired and don’t need to work like they do.

@tsaunders4684

Жыл бұрын

@@blackworldtraveler3711 Dude Grant Cardone is now worth over a Billion Dollars now. He got rental properties all over the country now and he got Cardone Capital where Investors can Invest and make money off real estate deals Grant has deals on.

"...lost my money when I was stupid too!" LOL

I have been waiting all week for Dave Ramsey's reaction to the FTX scandal. I am currently in college and our accounting professors will be talking to us about this, just like they talked to us about the Enron scandal and how it brought about "The Sarbanes-Oxley Act."

@alinatamashevich3354

Жыл бұрын

WorlComm!, Nortel!

@jblair8746

Жыл бұрын

I wonder what your professors said. 👀

@elskacave3235

Жыл бұрын

Ask your professor about the repeal of the Glass-Steagall Act and why no American with a bank account is safe. Cryptocurrency is a threat to our devalued fiat currency.

@yuckyool

Жыл бұрын

When I was in B-School ('96-'98), it was MCI, and the professors tried to tell us about Stock Price

Bernie Madoff - $64.8 billion Enron - $63.4 billion FTX - 30 - 160 billion (under investigation)

@ericpowell4350

Жыл бұрын

Did you adjust for inflation?

@yuckyool

Жыл бұрын

Hopefully, some clawbacks (as with Madoff). His parents have already given back "their" Bahama vacation home, realizing their jobs and reputations at Stanford Law are worth more.

@MrTrigz

Жыл бұрын

@@ericpowell4350 word.... dollar had totally different buying power for those first two events

FTX situation just proves the point of why decentralized money/assets are so important.

@abasis.baruti9819

Жыл бұрын

Lol, man the delusion is so deep.

Dave’s been dreaming about this day for a long time

*“That’s called stealing”*

God bless you Mr Ramsey. I lived life like no other so i now can live life like no others.

He can gloat. He earned it after all the flack.

@StratPIG

Жыл бұрын

He doesn't even understand whats going on LOL. That could happen with ANY INVESTMENT. He was stealing.

@carlswindelliv2701

Жыл бұрын

​@@StratPIG who doesn't understand?

@noobisback1

Жыл бұрын

Gloat? Not once has Dave mentioned FTX before the collapse, he can't even pronounce the parent company. Yet the man now acts like has been calling it for years. 😂

@carlswindelliv2701

Жыл бұрын

@@noobisback1 what do u mean he can't pronounce the parent company!!!!!!! Yes he can that's a total lie!!!!!!!!!

The Mary Kay for men 😂😂😂

@libertarian4323

Жыл бұрын

Men, or boys?

@PInk77W1

Жыл бұрын

Young men.

@refinedrubies1267

Жыл бұрын

I screamed! 🤣🤣

@mikes2974

Жыл бұрын

😅😂

@alinatamashevich3354

Жыл бұрын

@@PInk77W1 Chitcoin fan boys

No one has taught Dave about cold storage

@HenryPaulThe3rd

Жыл бұрын

No one taught all of the FTX customers about cold storage.

@personalperspective

Жыл бұрын

I am guessing to Dave, cold storage only means refrigeration or food in the freezer...

FTX needs to get into the baby steps???😂

@alinatamashevich3354

Жыл бұрын

It is DOA

Been waiting for Dave's reaction, finally

FTX was a exchannge not a coin, The SEC was going to get the off the hook based on a SEC letter, but then things got worse

Dave you were spot on, you took alot of flack but you called it!

@richardmyers7847

Жыл бұрын

Called what?

@artemthetrain14

Жыл бұрын

Seriously what did he call?

@SIGSEGV1337

Жыл бұрын

he doesn't even understand what happened...

@Josh-py9rq

6 ай бұрын

Bitcoin is rising LMAO that has absolutley nothing to do with Bitcoin. It's sad at this point he can't even do basic level research it's just sad I love dave but good lord Bitcoin is decentralized it has nothing to do with FTX lol

I HAVE BEEN WAITING FOR THIS ONE!

Never clicked on something so fast before lol

@fernandorosales9350

Жыл бұрын

Sameeeee

@mikes2974

Жыл бұрын

Yup! Same lol

I don't care what the investment is, NEVER put all your eggs in one basket.

The sad thing is people plowed all their savings and retirement income into this scheme.

@blackworldtraveler3711

Жыл бұрын

No sympathy here.

@DrSchor

Жыл бұрын

That was not a sad thing. Putting all your money in one scheme is a very stupid thing.

@ZidaneSteiner

Жыл бұрын

Not really.

@BTrain-is8ch

Жыл бұрын

A fool and his money are soon parted.

@ericpowell4350

Жыл бұрын

Please tell us who did that. It sounds like you're making this up.

Oh the old school burn with the Bankman-Fried name. Dave is having so much fun with this.

Morale of this story: diversify, diversify, DIVERSIFY! No shock here Mr. Ramsey is on the "I told you so wagon"

@DrSchor

Жыл бұрын

You missed the moral: Don't diversity into a risky investment you don't understand at all.

@carlswindelliv2701

Жыл бұрын

​@@DrSchor there is no such thing as investing in a risky investment that does make sense and is safe either!!!!!!!!!!!!

American Greed series getting more content 👌

SBF dresses like its laundry day, everyday...

@donnyjay4269

Жыл бұрын

🤣🤣… he really does

FTX was paraded as the big, safe, regulated exchange. This will continue to happen with centralized exchanges. If you don't hold your own keys, you will lose your coins.

@YutubeBansALot

Жыл бұрын

Democratic Ponzi scheme

@uhvoidme6321

Жыл бұрын

Is coinbase a “key”? If not how do i key my coins?

@victorrancor90

Жыл бұрын

@@uhvoidme6321 get your coins out of it to a ledger, that’s where I have mine.

@whitmcghee

Жыл бұрын

Or maybe don't invest in things that have no underlying asset

@sstrongman1667

Жыл бұрын

@@uhvoidme6321, look up any cold storage wallet. Trezor and Ledger are the most well known.

The best part of this is when Dave uses his "Told Ya So!" voice. I imagine him reading in that voice to his grandkids!

Haha. Rachel ! It’s your favorite pass time🎉

Got a fortune cookie once with the FTX logo on it. The other side said something like, "what are you waiting for?" Lol

I laughed out loud when he said that Sam Bankman-Fried was being probed in the Bahamas…

@yuckyool

Жыл бұрын

Home of the Fyre Festival, right?

Isn’t this like saying you shouldn’t invest in stocks because of someone like Madoff though?

@marksherrill9337

Жыл бұрын

Yes

Of all the combinations, I mostly enjoy Dave and his Daughter Rachel on the show. Such fun!!

@yuckyool

Жыл бұрын

She's a pistol. Fun and smart, and knows where all the buttons are. Yeah, easy on the eyes as well.

These people got what they deserved. You don't invest in garbage.

Great video Dave!

Get rich quick =lose your a $$ in a minute.

@alinatamashevich3354

Жыл бұрын

Here today, gone later today

Yes yes yes please keep putting out the FUD Dave. You do that & I’ll keep buying the projects at a discount.

Dave does have years of Wisdom when it comes to these things.

You brought a FTX promoter to your show. I wouldn't be so in your face sir.

Dave used his Kermit voice when saying, “told ya so!” 😂😂 I told family and friends not to do it! They won’t talk about it now! 😂😂

Madoff was $64.8 Billion for reference.

Q: How do you make a Small fortune in Crypto? A: Start off with a Large fortune.

@brucegrimmett367

Жыл бұрын

Your comment is golden.

This was great!

Rachel at the beginning 😂😂

"Slow and steady wins the race! Predictable Investments!" I've got a very successful investment and it is still going. I did exactly what Rachel said at the end. Didn't happen fast. It was slow and steady and I won. I think the main problem is too many people are looking for a fast way to wealth.

Theres no such thing as a “predictable investment”. The very definition of investment involves risk

@mattjcrane

Жыл бұрын

A treasury bond is a predictable investment

@MrTrigz

Жыл бұрын

@@mattjcrane buying power of the underlying asset isnt predictable tho

Hey Dave. Which smartwatch are you wearing?

I’m just hear to see if Dave calls out Graham for promoting this garbage.

@donnyjay4269

Жыл бұрын

He lost money too… Graham didn’t know

Thank you for Enlightenment, stocks is the oldest online marketplace we have made in recent years, we use it because of the top quality of the services it provides and how successful it is today, we are now talking about cryptocurrencies too, I'm just say that people should develop the habit of investing, it is really useful in life.

Cryptobros: I don't like regulation or banks! ...gives their money (coins) to a dude named Bankman.

@alinatamashevich3354

Жыл бұрын

A fool and his money.......

There were regulations in place to prevent what happened with FTX. Sam Bank Fried had ties to the head of the SEC, so they turned a blind eye to what he was doing.

@Trey1970

Жыл бұрын

Yep, regulations don't apply to FEDGUV.

@borisjankovici662

Жыл бұрын

@@Trey1970 Correction: Democrat donors.

@Lon1001

Жыл бұрын

Yep it's called the law.

@vinyllpreviews9462

Жыл бұрын

They mis appropriated users funds. I'm pretty sure that's illegal.

@waterheaterservices

Жыл бұрын

The Party

When are we getting SBF on the show?

A broken clock is right twice a day.

@fireengine77

Жыл бұрын

Yet, Dave is probably doing a wee bit better than you financially…lol

@Omikoshi78

Жыл бұрын

@@fireengine77 I’m a multi millionaire and make a million a year. I’m glad I don’t need to worship a false idol to make myself feel better 😉

@fireengine77

Жыл бұрын

@@Omikoshi78 sure you are 🤣

@fireengine77

Жыл бұрын

@@Omikoshi78 I’m sorry you lost money in FTX🤣….

@Omikoshi78

Жыл бұрын

@@fireengine77 I’m honored that you’re in denial about my success with career and finance. Enjoy your rice and beans this holiday season :)

This is why Dave is the GOAT and the other financial YT channels are pretenders.

I can’t wait for “I told you so”, when Rachel divorces her country club husband..

@amireallythatgrumpy6508

Жыл бұрын

They still allow you on KZread?

Dave got moist reading those headlines .

Was waiting for this one lol

Slow & Steady Wins the Race, just like Rachel said at the end, for the Tortoise & the Hare story.

lol “KEEP UR DIGITAL ASSETS OFF OF EXCHANGES”

my kindergarten teacher was right about the tortoise and hare story lol

The whole regulated banking industry is rotten to the core as well, I don't trust any of them. This is why I think Dave's debt free approach is the safest option.

@alinatamashevich3354

Жыл бұрын

Banks are NOT your friends, their product is debt.

@marksherrill9337

Жыл бұрын

Actually I agree. The whole thing is like a casino even when you think you know what you’re doing.

Let's invite Stephen Graham on your show again! FTX Sponsoring

@amireallythatgrumpy6508

Жыл бұрын

Yet another fool that gets his name around the wrong way. That's at least three in this comments section.

This is the time to buy , just make sure you sell before the next rug pulled 😂

You sure did Dave!

“Where’s your money now 🤡” the smart took it off exchanges lol. This video isn’t going to age well.

Love to hear Dave chime in on the other influencers who shilled FTX. Ie graham Stephan

Not your keys, not your coins.

Thanks Dave

Been a listener since 2017 dave always said stay away😂😂😂😂😂

Dave was right tho if you don’t understand it don’t invest in it

Good thing I just spent whatever I could afford to lose lol.

Haha, yes BankMan all Fried! I was thinking the same! Wow, one couldn't even make that up!

Every video Dave puts out is just hammered in the comments by his critics throwing a fit... can't help but notice they're awfully quiet now. I'm sure now that I said something I'm gonna get hammered with angry replies lol

@mattjcrane

Жыл бұрын

Hope you are having yourself a wonderful day

Ive been waiting all week for this reaction. Wish it was 10mins longer.

@user-wq5ws1qs7x

Жыл бұрын

He has beaten this topic to death for years. Not much for him to say but “told you so”! 😂

@rockymountainfacet5958

Жыл бұрын

@@user-wq5ws1qs7x I would have been ok 10 mins of that

I absolutely do want my banks regulated.

good info on this on coldfusion

It's hard to be humble when you are perfect in every way.

@blackworldtraveler3711

Жыл бұрын

Common sense is always considered perfection in the world of Idiocracy.

I never invest on new products until it's proven reliability. I would also like to understand it.

"You should always jump into the next big thing!"

Anyone who dumped so much money into a system without regulations or safeguards is, frankly, a fool.

The video I was hoping for! Haha.

You look the opposite of upset thay people lost their money hahahha.

Bragging rights well deserved! Go Ramsey team!

I was thinking about trying it. But thank God I listen to popa Dave.

I wonder what Dave thinks about the government’s executive order 14067.Which is CBDCs which is the governments own digital dollar?

I tell people that tryed to get me to invest in that stuff I always say when Warren buffet and Dave Ramsey say it's not good that's good enough for me

did dave provide his insights on the midterm elections?

@thinkforyourself9334

Жыл бұрын

Nope. He was wrong so no talking about that topic 🤷🏽‍♂️😅

Financial management backed up with traditional audit, monthly report to investors never goes out of style. Traditional but it works. Applies to small companies or big corporations.

@drchrisgrayson2042

Жыл бұрын

Hello 👋 Beautiful Lady 🌹..how are you doing today and your weather condition like today?