Ive been following Dave Ramsey for the past few years snd yesterday I made my last house payment. I officially have no debt. I just turned 45 a few days ago 😊

@PeterJames143

Жыл бұрын

good job

@rainbowpandasays8851

Жыл бұрын

You’re debt free!!!

@trailertrish

Жыл бұрын

i dont know u, but im proud of u. ❤🎉

@BrooklynBrooklyn-ke2qx

Жыл бұрын

Excellent, but you forgot getting rid off the most important debt, which is a woman. wife or girlfriend

@imdoc7872

Жыл бұрын

@@BrooklynBrooklyn-ke2qx I’m sorry but my wife is an ASSet. I’m never getting rid of her.

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

@martingiavarini

11 ай бұрын

That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

@martingiavarini

11 ай бұрын

@@hermanramos7092 Catherine Morrison Evans is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@shielanunn3484

8 ай бұрын

And STOP buying unnecessary purchases with CC

@jml9550

7 ай бұрын

I paid off my $328k mortgage in 25 months right at 50YO, my last payment was before thanksgiving 2022. Now debt free, home and rentals are all paid off. Loving it.

@ladywatt2491

7 ай бұрын

How did you do it?

My daughter’s family & I moved in together after rent started rising because we realized as a family, separately, we’d be paying $4k. But TOGETHER we’d be splitting $1,800! BIG DIFFERENCE! Then, they sold their car because we had mine & it was paid off! We are doing very well together, money wise. We also share chores & cooking, etc. It is nice to have cabinets and a fridge with food in them and money in the bank at the same time! Blessed!

@mts7274

Жыл бұрын

You decided to all move in together, and STILL chose to RENT???

@randybalisi

Жыл бұрын

Wise!

@DreamCloud124

Жыл бұрын

Did you gift them money for a down payment?

@dieworking1391

Жыл бұрын

It is not clear in your comment whether you are sharing a rental but if you are

@dieworking1391

Жыл бұрын

If you all moved in together into a single rental, you might be in violation of your lease. I had rental properties for decades and my leases always had a clause that strictly defined by name those allowed to live on the premises.

The economy is in disarray; without the RFUSA assistance checks, I'm not sure how I would have been able to provide for my family and pay my bills.such aching pains

@nectarcityking

Жыл бұрын

It's absurd that even the jobs aren't there to see; many of us are struggling, and taxes are likely to go up.

@sandrachivel

Жыл бұрын

US Relief Funding They are a nonprofit organization run by the US Treasury that provides help checks to eligible Americans. I looked them up online after reading about them in the news and i contacted them. Thankfully, the program is still active, and I recently applied through one of their relief officer felipe gonzalez and was approved for a 5k check.

@colemanjnr

Жыл бұрын

I looked up the ‘RFUSA’ online, great review, I contacted them got connected with a relief officer Felipe Gonzalez. Now I’m waiting on their response on how I can apply. Thank you for this info

@Eganthegod

Жыл бұрын

I think I've heard of the RFUSA. are there any restrictions or conditions? To get by till I've finished paying off my bills, I could really use some extra cash.

@Tinarayy

Жыл бұрын

I looked them up and its pretty easy to find them, i hope i am eligible for the relief. lets see how it goes

For sure. I just feel for a lot of people. I’ve been there at $140k. You can’t breath. But I worked over 80 hours + a week and was grateful I was so tired I can sleep rather then my bills keeping me up. Fast forward I’m debt free, with 3-6 months emergency fund, own my own home and scared to spend $10 for lunch.

@raihanhassan2841

2 жыл бұрын

How long did it take you if you don’t mind

@Capsero

2 жыл бұрын

Wow

@minimalcat1987

Жыл бұрын

Being afraid to spend $10 on lunch is so relatable... and these days with inflation and taxes it's more like $18-$20. It's madness!

@CAGChannel1

Жыл бұрын

@@minimalcat1987 that fear never fully goes away by the way- take it from an old lady. I wish sometimes it did, but I’m glad most of the time to have that “sort of irrational accountability fear monster” on my shoulder :)

@crimson_trinity8889

Жыл бұрын

omg wow!- i'm really happy that you are out and free now!! I hope everything is still going great!

I’ve been debt free since at least 2010. I refuse to borrow anything. I went years where I put a wad of cash in my wallet at the beginning of the week, and would only spend that. And I only used the credit card to buy gas. Now I’ve lightened up and regularly use the credit card. But I always pay off the balance during the month. I paid cash for my most recent vehicle purchase.

@marcoprolo7318

Жыл бұрын

You should have borrowed when interest rates were at 1%.

@LillyAnnHouston

Жыл бұрын

@@marcoprolo7318 missing the point.

@Lookup2Wakeup

Жыл бұрын

@Chess Dad. My strategy too...👍

God paid my debts!

Becoming a minimalist made a huge difference for me. I culled and gave away what I really didn't use/need and learned to really really really appreciate what I already own.

@mauraronda1265

Жыл бұрын

Absolutely. I also did that it has helped in so many ways. Best thing I ever did!

@Eileen49654

Жыл бұрын

I was born a minimalist. Truly, I hate junk, I hate excessive. It's such a freeing way to exist. Oddly, I'm an independent housekeeper of 20 years. Let me tell ya America's got junk and a lot of it. The unessessary garbage people buy and hang onto boggles me However it gave me a job and a means of support😊

You know, your honesty about not achieving your goal and not giving up is so helpful. It is such a blessing to have the flexibility to adjust a goal date. Eventually you will achieve it.

I walked the steps by Dave Ramsey long before I knew him - somehow it seemed the most logical way of doing it. Debt extracts so much value, it’s unbelievable. I’m now at step seven and working to create a passive income stream from investments that will cover most of my fixed costs. Many people criticise and mock Ramsey as “outdated” however common sense is never outdated. It worked for millions of people so I don’t care about the critics.

Basically , mortgage rates have reached their highest point since 1998, spanning 25 years. Considering inflation trends, there's potential for them to rise even further. Just a year ago, a 28year fixed rate was only 6%. This prompts the question: should I wait for a housing market downturn before buying or shift my focus towards the equity market?

@AlexanderDanielley

7 ай бұрын

The stock market follows a similar pattern, in order to sustain returns , it's crucial to possess a deep understanding of the market.

@Rodxmirixm

7 ай бұрын

Indeed, I primarily engage in buy-and-hold, but my holdings has been in the negative for an extended period. To achieve substantial gains, consistency and regular holdings adjustments are essential.

@VickyAlvy

7 ай бұрын

I believe capitalizing was more straightforward in the 70s, but it has become more intricate today. Those consistently achieving returns nowadays are typically experts in the field. That's why I've been consulting with an expert for seven years to steadily build my retirement holdings.

@Jason9o669

7 ай бұрын

Can you suggest the investment coach you've been using? It appears you've had success with their guidance.

@VickyAlvy

7 ай бұрын

My CFA, Stacey Lee Decker, is highly esteemed for her proficiency and deep expertise in the financial market. She possesses an in-depth knowledge of portfolio diversification and is considered an authority in this field.

What you said at the 2:30 mark is right on- you have to WANT to be debt free. You have to make it a priority every day. I made this decision back in 2020. I bought a car and my goal was to pay off by 12/31/21. I met that goal. We our currently working on our last debt, our mortgage which will be paid of May 2024. We are making 4 payments per month and we are able to do that because we have no other debt.

Paid off my house yesterday Dave Ramsey works

@randypruitt9280

Жыл бұрын

Do you know you can make $5000 with your credit card weekly

@randypruitt9280

Жыл бұрын

Tele gram

@randypruitt9280

Жыл бұрын

@hackerwealth

the best thing I ever did was follow a budget. It allowed me to see where all of my money was going and then the left over money after bills could be redirected towards savings, investments, debt etc. It took a good 3 to 4 months to have a solid foundation of a budget for me, but now about 10 years later I am rolling and things are running smoothly. You MUST know where every dollar you earn goes.

This was just suggested to me by good ol' KZread, and I must say that I love how you calmly share the message...not yelling or judging people. Thank you

There is no feeling like going to work knowing if you got laid off, you are not a slave to car notes, mortgages, student loans and credit cards. You are at Unicorn status of life when you are without obligations -- to any form of loans out here. To me, being debt free to those things i mentioned, allows to enjoy walking through life instead of running through it. You can enjoy pure time that is an obligation to yourself instead of someone else.

I'm so glad you said increase your income. If that wasn't in this video i was going to blast off! You have to increase your income in all of this. You can't be lazy.

I also don't listen to Dave Ramsey much, but listening to him several years ago was the "kick in the pants" I needed.

I was $250k in debt, then I stopped spending money on stupid shit I didn’t need and started paying back my debts and now I’m debt free. Yea it’s that easy.

@donaldlyons17

Жыл бұрын

For him simple is likely the best option. If only everyone got this option....

@Eileen49654

Жыл бұрын

It boggles me when I hear people complain about credit card companies being so mean. How dare them want their money back I'm proud of you or anyone who just buckles down and pays off their debt I was only 5000 in debt once, but I paid it. Never again. However I spent it on a new transmission, etc...not on junk.

@SanJoseCA-ot3qy

Жыл бұрын

@@Eileen49654 No emergency fund? why would you have credit card debt up to $5K?

@Eileen49654

Жыл бұрын

@@SanJoseCA-ot3qy I don't have a 5k debt

Rob - Excellent video. As a boomer I remember what my father told me after I bought a Schwinn Sting Ray bicycle witth the banana seat with my paper route savings. He congratulated me and said that I earned it but remember one thing "nothing is a good deal if you cant afford it" (I bought on sale). His defination of affording something is still having savings in the bank and paying cash for what you buy. I never forgot that wisdom my father passed on. Retired at 60 with no debt. Unfortunately too much tempatation to buy too much "stuff". Like you also have one car and do just fine. Keep cars for 10-15 years and take good care of them is a fantastic way to control/get out of debt. Keep doing what you are doing - helping a lot of folks out there!!!😊

@yttrium220

Жыл бұрын

I just wrote your father's quote down on a piece of paper and put it on my fridge, to keep me balanced. This is a great advice. Thank you.

Thank you for this video. I follow Dave Ramsey and we are about to move from our large house to a smaller place. We want to be out of debt and our goal is to do it within 3 years and 10 months. The funny thing about making such a decision is I feel God has opened so many doors for us because we are willing to let go of what we do not deserve at this moment, which is this big beautiful house. I also want to start a KZread channel like you. I appreciate sharing your journey and helping others. Sending you blessings.

@eddieraru7054

Жыл бұрын

Cutting spending with maximum living style.

@Eileen49654

Жыл бұрын

What a wonderful comment. Us to God opened doors for us to live comfortably but humbly and we're grateful every day. Sometimes hourly.❤️

@Nwladylaura369

Жыл бұрын

Why don’t you deserve a nice house? If it is because it’s out of your budget, I get that. But, if it is you thinking you are not good enough, you need to think better of yourself!

@dieworking1391

Жыл бұрын

This is an interesting comment...how people prioritize and justify their spending is revealing on many levels...and what you choose to deny yourself, especially if it is something you could afford, is an opaque window into your psyche.

It took me 5 years to pay off 40,000, and now I am debt free house and car is paid off and no credit card debt, fico score 842 , and it feels good

@ToOpen6seven

3 ай бұрын

Congrats!

@barbarafallin2038

3 ай бұрын

@ToOpen6seven thank you, I was determined, to be debt free,except for utilities and insurance, and maintaining, my house 🏠

If you were truly broke you wouldn't have anything in your savings or checking account. If you've got 100k debt and low income it's seriously hard.

I listen to DR and got out of debt and paid off my mortgage in 2022. I was 37 years old working in public safety.

People have to SEE the problem before they can want to get out of debt. There is a shopping/spending addiction going on that has to be addressed. I have had $23k in debt ( with minimal overhead expenses) and I was in full denial. I got counseling for it. I had to take a look at why I didn't want to be debt free..it was a black cloud over me. It was shame disguised as debt. It is also a punitive parent substitute. My parents could no longer nag and hassle me with their authority, but creditors and legal situations had the same punch. I just switched the appearance of my parents. I had to be under their thumb and had to stay in their good graces. Those days are almost over..

I have about 7k in debt right now.... This is easy to said than done for those with a low income..... I have money and can afford to have debt too many are suffering from destitution.....

Avoid taking on student loan debt, either for yourself or for your children. So many of my peers, flush with pride that Junior got into a good college, are signing away their financial stability and retirement right now. The interest payments can be crushing. Look at some alternate routes to a college degree, such as doing two years at community college and transferring to a state university. Private schools with large endowments might actually give better financial aid than public schools, so comparison shop carefully, considering the value and not just the prestige of the degree. Also -- tough love here -- some 18-year-olds are not mature enough for college, and a year or two of CC or work before going off to school will help ensure you get value for your tuition, rather than squandering your retirement savings on keg parties and incompletes. Also question whether a tuition-based Master's degree is a good investment, or just a source of oppressive debt.

@mauriciocornejo1442

Жыл бұрын

Jennifer. If someone would have told me or explained to me the amount of students loans that I would have to pay back.................I WOULD NEVER EVER WOULD GONE TO COLLEGE.........................

@wendypanozzo9133

Жыл бұрын

I agree! I tell people this all the time.I don't understand how all these people think its ok to take on so much debt.It's so normalized.They push 4 year schools in high school and really don't give a lot of options to the students.This was how it was at my daughters school.

@Nigriff

Жыл бұрын

Banks/credit card companies prey on teens

@lalasng8643

Жыл бұрын

Yeah, it's usually very shocking to me how much I hear people have in student loan...its just too sad that yound people are trained to start off their life with so much debt. However, depending on how the Masters degree is planned, I beleive that in many cases, it's helpful-but has to be very well planned

@trailertrish

Жыл бұрын

financial aid depts at schools prey on kids to take out huge loans they dont understand. happened to me. it sucks. cant buy a house at that age but u can get a loan for the same amount for school. make that make sense 🤦🏼‍♀️

I became debt free last year and it's the best feeling ever. I avoided students loans and I think that's the best decision I've made in my life. Seems a large amount of people's debt comes from student loans. Now I'm working on saving for a house, that is if I decide to buy one. Still debating on whether it's worth it.

We love Ramsey and his team! We followed the baby steps to get out of debt and build wealth. On average people who follow the baby steps can get out of debt and reach baby step millionaire in less than a decade.

Thank you for such a great video! You have a calming presence which really helps the anxious nerves as I'm going through tabs of spreadsheets, statements, and KZread videos about debt. This has been my favourite!

I'm still paying off my college debt 10 years later. From 30k to 3k.... now is the hardest since my bills are higher than ever before due to inflation and raised rent and less hours of pay.

@KA-ub4rc

Жыл бұрын

Hang in there...soon you will pay It off....

@iamthomasgreenman

Жыл бұрын

Hang in there man, so close! But also if things are that bad you might need to find a cheaper place to live and also a job that gives you full time hours with adult pay. You know the cost of groceries and gas isn’t the real problem brotha 🖤 (even if it sucks)

@Eileen49654

Жыл бұрын

Stay the course you're almost there. I have 3,500 left to pay on 23,000 truck. I have that in savings fs but it's all I have so I gotta just keep plugging away at it. We'll get there

@bslorbust

Жыл бұрын

You can do it!

I am thankful that I've never experienced this so far in my life. I am grateful to God that I didn't have student loans from BSc-MSc-PhD, as I received full scholarships at all three levels with additional funding and support from research grants and other opportunities. I've always been a saver, so that makes it easier. I feel for folks who are in debt and hope you all can turn it around. ❤

This is the most realistic way/advice I've seen. And very doable. Thank you

Thanks a lot for your advises Rob

Thank you for making this!

Rob has a lot of great advice here. I think the most important is the first step of understanding the details of your situation and track progress monthly.

I only have around $1800 in debt, if these steps would save you they can sure help me.

Excellent video! Thank you and congratulations!

Love the video keep them coming 👍🏽

Thank you for your kind and sensible advice!

Great video! Thank you so much

Thank you! This is an extremely simple guide to follow.

Excellent presentation I totally agree with you , working on lowering the interest has really worked on me for a long time . Thank you for those excellent inputs.

This was actually helpful I appreciate the specific steps . Most experts and I saw that loosely just want you to sign up with them and never give any info or how to’s

That was so good 👍. Just what I needed to hear.

Paid off all consumer debt in 2014 but went all in on rental houses. Retired early years ago. Not all debt is bad.

Words of wisdom, Rob.

Good advice throughout....

Thank you so much for this practical advice. Brilliant!!

No rollin in the debt!!!! Great advice. 👍👍

I did this Dave Ramsey course back in the early 90's and got out of debt and stayed out for many years! Today, I'm back in debt due my business, which is a little different... but I want to get out of That, as well. I Hate debt, but they say without debt, we have no economy.

Really like your approach. Thank you . Subscribed

Great content.🥰 Ty for sharing.😍 Enjoyed it subscribed.😊

Thankfully I was never in an unmanageable amount of debt. We were able to use the stimulus checks to pay off all debt (except mortgage). The feeling of being debt free is awesome

@iamasmurf1122

2 жыл бұрын

Until you get into debt again !! Ha once you pay it off you feel rich again ! And that’s the problem you get back into debt quickly enough

@sd0753

2 жыл бұрын

We're in a good spot. We haven't taken on any new debts and we are are close to 4 months in an emergency fund. I've also started funding a sinking fund for big purchases like cars.

@TheCelmap

2 жыл бұрын

@@sd0753 congrats bro, don't listen to negative people. You're in good spot, keep that positive you gonna go far.

@Capsero

2 жыл бұрын

@@sd0753 I need to pay 500 dollar debt

@shachede6828

Жыл бұрын

@@iamasmurf1122 control your self

Thanks for patiently taking us thru all the advise,... Very good!

Thanku for telling me abt mint! I’ve been looking for something like this

Thank so much for sharing this video, this was perfect timing because I just came across it. This very is very knowledgeable and very interesting of the breakdown to become debt free which I'm thriving for .

This was so helpful Rob! It gave me hope haha. You explained everything perfectly and in a way that didn't sound overwhelming.Thanks for making this video!

amazing Calculator. Tnks so much!!!

Unloaded the wife, and beater vehicle Within 2 years I was debt free.

@originalsixx

Жыл бұрын

Nice! 😂😂😂

@acastr1234

2 ай бұрын

Right on!

Subscribed thank you very much

Thank you for this video

Thanks for your video. Very valuable information

thank you for a good list of things to do.

Excellent advice very good steps.

Such a good video!

THANKS!!!❤❤❤ VERY MOTIVATING

Very helpful thank you

Thank you for your vulnerability & sharing. It was practical & left me better 🙋🏻‍♀️

Very informative.

Excellent advise just when I needed it.

I'm working this plan. Thank you. Working more going forward. I'm blessed

Rob, a few years ago I did just what you're talking about I was so sick of all the credit cards that's how they were draining. I did start with my biggest one that had 22% interest. And took the extra money that I had when I paid it off to pay off the next bill and it went so much faster than I had imagined. Now I'm taking that extra money and puting into a Roth ;)

@junkyarddog47

Жыл бұрын

Smart

Well said!!! 😊

Amazing!!

New subscriber!!! Love your channel!

I like this video and very thought out presentation. I will be out of debt very soon.:)

Impressive 👏 thanks for you knowledge

Excellent presentation. Keep presenting these practical pearls of wisdom.

Thanks- im in a big pickle!!! Your advice & the way you said it was very helpful & motivating!!!

Excellent advice.

Thanks so much

Great video!

I started following Dave Ramsey in 2014. I have paid off over $154k in student loan debt, have a hefty emergency fund and have money in a high yield savings account. I do still have debit but I feel so free with having an emergency fund in cash and money in savings. I would be totally out of debt but my husband still hasn’t gotten on board with saving and not spending.

Debt free totally debt free feels great. A decade with nothing but taxes feel good. Sleep good

Awesome.❤

Somewhat I did that, great advice, it works: sold my motorcycle, moved out to a smaller place so lower bills (it takes less to heat and cool our house now), the new place is out of a gated community so no more mantainance fee, changed one of the cars to a hybrid so less gas (looking forward to do the same with my wife's car), cheaper vacations, installed solar panels so no more gas bill and little to none electricity bill, cooked more, no more monday through thursday dine outs, no more gym membership but bought a cardio machine and dumbells and walked more my dog :) (I already recover the investment vs gym), I took a nigth school job as a teacher (pays for the monthly gas of a hybrid car, and 2 weeks grocery)... no more debt and we live a confortable life.

Dear Rob - What camera do you use? I love your video and really like the lighting you have!

thank you

Thanks for the information. It sounds similar to the Dave Ramsey program

Great video

I've always had a £500 car. I've never had a streaming service or purchased any nice things. Sold anything good on ebay. It's living hand to mouth waiting for a pay cheque that makes it hard. Interest racks up!

Thank you for sharing. Still on step 2. Geeze. I'm still afloat. My only car for work died (I'm required to drive). Garage & plant sale this spring will pay that replacement off.

Very good ideas.

Thank u so much sir.

Thank you.

It’s important to be focused and disciplined.

Im 41 … gonna start on this.

I so appreciate your great tips but with a gentle manner, I think it’s important with the guilt attached to money issues. Feeling self compassion is vital for me to feel I can tackle it, otherwise I get stuck in a cycle of feeling bad about my spending, putting my head in the sand and making the same mistakes again.

I enjoy your calm presentation.

@randypruitt9280

Жыл бұрын

Dm for help

@randypruitt9280

Жыл бұрын

Tele gram

@randypruitt9280

Жыл бұрын

@hackerwealth