Last year I had 15 credit card open and paying a monthly payment since I watched your videos and Dave Ramsey I have PAID OFF 12 credit cards !!! within a year. I have now 3 cards to go... I made a goal to be debt free by December... Thank you...Thank you !!!

Baby Step 1: Save $1,000 for starter emergency fund Baby Step 2: Pay off debt using the debt snowball Baby Step 3: 6 Months of living expenses Baby Step 4: Invest 15% of household income for retirement Baby Step 5: Saving for kids' university Baby Step 6: Pay off home early Baby Step 7: Build wealth and give Hope this helps.

@Man_in_a_Gucci_Suit

5 жыл бұрын

Conscious Living It’s all common sense and dave Ramsey sells it like he’s some sort of genius it’s pathetic I’m 22 and my house is half payed off because I used common sense I didn’t waste money on rent I saved instead I didn’t get addicted to cigarettes drugs or alcohol I didn’t knock someone up at 16 or 18 or 20 like most idiot kids nowadays do Common sense to save and pay off debt to avoid interest common sense

@consciousliving5959

5 жыл бұрын

@@Man_in_a_Gucci_Suit To you it's common sense (common knowledge). To someone else it's news. What's new to you will could be considered common knowledge by others. Dave Ramsey & his team (including daughter) present this info in a friendly way. I like it. It's helping many people whose parents/environment didn't know about this stuff or didn't talk about it.

@arleneaugustahair8393

5 жыл бұрын

Conscious Living exactly! I had to learn about finances from other people. A lot of people don’t get these classes in their high schools, especially if they live in poor areas. I just took my little cousin out today because his mom isn’t helping him. I even took him to the Book Store & showed him books he should be reading. I learned so I’m passing the information on. I’m also teaching my cousin in the process.

@lela2216

5 жыл бұрын

+Conscious Living True!

@consciousliving5959

5 жыл бұрын

@@arleneaugustahair8393 I didn't know about this stuff either. At least not in this much detail. The knowledge you're passing onto your cousin is good karma. It might make it's way back to you.

just started this, got my budget set my 1k emergency fund and paid off 10, 000 of my 50, 000 debt so I'm seeing a difference already...

@WestZ

4 жыл бұрын

ray collins how is your progress now?

@lookforward2life

4 жыл бұрын

Hope you are still killing it and doing well :)

@kimberlywinkfield876

3 жыл бұрын

Ray Collins congratulations on your financial freedom journey

@arivd8611

3 жыл бұрын

Congratulations! This is amazing! Found rachel this week! Haven't even heard about dave ramsey before. And I am excited about paying off my debt!!

One of my good friends is from Singapore, I'm American. I was telling her how I'm paying off credit card debt. She goes, "How do credit cards work?" I said, "You don't know how a credit cards work? Don't you use them?" She was confused. She said, "In Singapore, credit cards are not popular there. If we can't afford something, we just don't buy it." ....... I was dumbfounded.... Remember folks, common sense is not always common practice!

@cazpk6840

3 жыл бұрын

I am from Singapore and your friend is speaking of her own personal experience. People are in deep credit card debt in Singapore and payday loans are also popular and ruining lives. Don't forget you also have 2 casinos in Singapore. Debt cripples families here just as it does in other countries. Avoid borrowing wherever you are in this world....

@TraciePeters1

3 жыл бұрын

I know several people from overseas - Iran, Poland, and Italy - and they all agree that credit cards will bring nothing but trouble. They're all living here now as citizens and to this day, if they can't afford it, they don't buy it. Since the money they get is all theirs, as opposed to Chase or Crapital One's, they do have the money to afford what they want when they want it. Keep your money, be an adult, and wait to purchase the big stuff, and live free every month without worrying about debt. Baby steps lead to FREEDOM!

@TheBarefootInvestorFamily

Жыл бұрын

Very uncommon in Australia too. I've never bought a car I didn't have cash for 🤷 car payments don't make sense to me because I've never needed one 👍 I've never been in debt. So I just started at bs3 and saved 3-6 months expenses 👍 it's worked out so far, hoping it stays this way for a while 🤣😁

Excited 🙌🏽just payed off our car 35,000,baby step 3 here I come 🏃‍♀️

THIS PROCESS WORKS!! My husband and I have paid off a little more than $60,000 in 6 months. We cut back a lot, but it has been worth it. In the next 2-3 months, we will be debt-free (excluding mortgage). We estimated Babystep 2 would take 15 months, but once we got going, we cranked it up and cut that time in half!!

@lookforward2life

4 жыл бұрын

That’s awesome!!!

@lindawade9647

2 жыл бұрын

What in the world is your income? I am a senior citizen and $60,000 is approximately three years income for me.

😿I miss Chris And his amazing voice don't take this video down Rachel

When Dave hits you with the Scripture to back it up, you know its the real deal.

I cannot get over Chris Hogan's voice. It's unreal

@thebigmann81

5 жыл бұрын

He reminds me of actor Terry Crews

@ladye2818

4 жыл бұрын

@@thebigmann81 Right?! The first time I ever noticed one of his videos, I could've sworn I was looking at Terry Crews.

Rachel, my husband and I discovered your dad on January 14, 2018. We've been following the plan for almost a year! We are out of debt - woohoo, and our Emergency Fund looks great. Last year it got us through scary times when our parents fell very ill and had to be admitted to hospital for weeks (they have fully recovered now, praise Jesus!). The bills in the private hospital were so expensive but we breezed through every one of them thanks to the Emergency Fund! It's real wisdom to follow what you and your dad teach! Greetings from us in Papua New Guinea :)

@lebavakalala6139

5 жыл бұрын

Powerful. ... reading this from Suva, Fiji Islands 💗💗💗💗💗

@misatoshi07mohammed20

5 жыл бұрын

@@lebavakalala6139 Bula

@lebavakalala6139

5 жыл бұрын

Bula vinaka....

I'm on baby step 6! Can't wait to get the house paid off; got about 88k to go. Gonna take some years to do this but the thought of being completely debt free and being able to max out all retirement just sounds heavenly

Watching this again for a refresher! We have our phones paid off and have paid off $4,000 + since the beginning of the year! One of my student loans is even under $1000 now! It's so exciting!

We're in our 70s and without a "significant emotional event" like Dave's bankruptcy, so it took us a long time to learn what he teaches because we had to learn it on our own. What Dave gave us is a concise statement in seven steps that condense what we learned. So now we have only about a million cash and securities and about six hundred thousand in other assets, but we don't need any of it to live on and actually add to it from our pensions, and it'll do for the rest of our lives. Listen to these folks! You'll be glad you did.

@robertupchurch9728

3 жыл бұрын

I'm in California, I bought a vehicle, but in my shopping I had 12 hard inquiries done in a one month period, I have heard (and I can't remember where) that in Ca. if you BUY a vehicle within 30 days of the first inquiry that any inquiries within that 30 day period would be combined into ONE inquiry. But this has not been changed on my reports which is giving me headache along side collections, charge offs & tax liens but few weeks ago I read about CREDIT PACTH UP from an article created from 2015 by a UK blogger. They didn't only delete all negative items that's giving me headache, they also raise by score by 265pts in under 2 weeks using there direct contact [Gibbs@creditpatchup.com]

Ppl giving dislikes to this video? Really? It’s free advice for a better life! What’s there to hate about free advice? Smh! If you don’t like the video, just click on the X and close it. Move on

@brandonhicks2133

5 жыл бұрын

I was thinking the same thing!

@pacluv

5 жыл бұрын

Some people just love to complain no matter what the subject is. They can’t even receive the message because they are to busy complaining. Move on !!!!!!!!!

Loved this episode, so inspirational!! We sold our house and we are currently living in a camper on our new property, we are going to live in a shop first (which we have cash for), then build our house after the land is paid off, so that all we owe on is the house. This way we can get that sucker paid off in 15 years or less. We are living like no one else so later we can live and give like no one else! Let me tell you the Joneses' think we are Crazy right now!!!! #worthit

@aleaguilar425

5 жыл бұрын

I am so thankful Ijust found out about Dave Ramsey's show a couple of weeks ago, and now yours, I am on baby step 1 have saved $500.00! My husband agrees on what I'm doing but he is not all the way into it, he tells me not to go "so crazy with it" I wish he can feel the same emotion that I feel right now, any afvice?

Super excited to begin leading Financial Peace next week for the first time! The class change my life in my twenties and now I am on Baby Step 7 and loving it!

@pacluv

5 жыл бұрын

Naomi Talking Money congratulations to you. You’ll be a great class leader. Good luck 🍀

@misatoshi07mohammed20

5 жыл бұрын

Congratulations

Excellent advice! We paid off over $48,000 in the last 18 months since we really committed to getting out of debt. House is paid off, kids are grown and all done school. Now we are gunning to pay off our vehicle in 18 months or less and save for retirement. I work a full-time job and we run a small cleaning business on the side that really helps too. I`ve had a few setbacks but am now focusing on my goal! Thank you Rachel, Dave and Chris! God bless!

@jessielawrence3349

5 жыл бұрын

You're a rockstar, Ron! Good job so far. Just starting BS2. Loving these videos for motivation!!!

@RonRivet

5 жыл бұрын

@@jessielawrence3349 You got this Jessie! The hard work and sacrifices are well worth the effort! And yes these videos and blogs are great motivators!

@gabrielapalencia5418

5 жыл бұрын

i hat! yhykffjjs! ?,"'jvfmgggggggggggggô yg`•Π£=[€®® nnvn😈😈😈😈😈😈😈😈😈😈😈😈😈😈😈😈😟😛😜😋😝😭😈󾠯󾠰🔟🔜󾠶󾠷

@RonRivet

5 жыл бұрын

@@RyzeVirtualNatureNHiking Thanks Ryan! We determined to follow these common sense principals that Dave, Rachel and Chris teach. We set up a budget and put our heads down and got to work! We made some sacrifices too. We sold stuff we didn't need or use like our ATV`s for example. That knocked $12, 500 off our credit line. If you want it, you`ll achieve it! Hope this helps get you motivated Ryan. All the best!

@killamatrix1

2 жыл бұрын

You did it out of order but good job lol

Just calculated after 15months i got to settle my car and credit card. So i can focus paying my second car and student loan. Felt better honestly. I'm going to be consistent

We were at a fast food pita restaurant over the holidays and saw the tip jar for the night - it has 5 cents in it!!! (People tap their credit cards and go, no tip).... it gave US more joy to give cash to the employee and wish her a Happy New Year than eating our meal - be a blessing!

Got up to $800 in my Emergency Fund, then had a car repair of $400 .... working to build it back up ....

@angielo4262

5 жыл бұрын

You can do it 👍

oh wow, my comment was featured thanks Rachel and Dave Ramsey! You .. changed..my..life! More power to your family and Chris and all who work for the purpose of helping us who needed the hope of getting out of our misery.

The Baby Steps still WORK in 2023! I appreciate the plan indeed.

Why isn’t this channel so much bigger than it is?!?! Rachel is awesome and has such positive energy 😮

I had your book for two years “sleeping” in a box, I moved and I took it with me but still was “sleeping” in a box because I was SCARED to read it, so I donated it and... I got an audiobook and finally I did it! I am changing my life and I want more intentional life and now I found you here. Thank you!

It is blessing to be exposed to this information. Thank you.

Emergency fund I say 12 months will be better. I been out of work for 8 months in the past. A 12 month fund would of made things so much better.

Thank you Rachel, love your enthusiasm and the help you give us with all the information you share.

@cwill30665

5 жыл бұрын

I could not have said it any better!

Makes sense... self-control and change fixes it, not more money. More money just means more bills.

Awesome show. Having 2 of the best on your show Dave Ramsey & Chris Hogan. Wonderful advice as always and a great show to start off on 2019.

Best. Episode. Ever. I was so moved to give in 2019!

"Budgeting is crucial"!! Wise words!!

Love it that Dave has such self-awareness, he can throw himself a little self-deprecating remark, like suggesting that "straight from the horse's mouth" may have come from a different part of the horse. Keeping that ego in check, allows us to step in closer. Thanks!

You guys are so wonderful! 💗😃I thank God for all of you. I can see the light at the end of the tunnel. Hopefully one day I will give my testimony of being debt free and on the path to financial freedom 🙏😇💗🥰

Thanks for focusing on all the steps

I didn’t hear a word you said when Chris started talking. 😊 I’ll have to watch it again

YOU GUYS ARE SOOO AWESOMEEEE!!! THANK YOU SOO MUCHH. You guys represent Christ and are giving Godly counsel. Thanks soooo much!!! You three are blessing me, my family and sooo many other people! You guys are like my online financial fam. May God continue bless you and prosper your who being!!! 🙌 We love you guys so much!!! ♥️♥️♥️

Im getting very close to that debt free milestone. between my 401k, other stock contributions, and the extra money I now have, it will be close to 30% of my annual income invested every year. I love it!

THANKYOU for doing the show on the details of baby steps. It made me laugh when you said that hogan has the voice of God! You are so right. He seems like such a kind man. Great info Rachel. Jolie/ Northern California

Am I the only one that noticed Rachel said the phrase "all of the things" like 6 times this episode?!? lol I say that all the time! Your awesome Rachel!

I needed this video in particular, a quick 7 step summary, thank you!

When my department folded at my job that changed my behavior! I couldn't go back. Now working 2 jobs I'm more frugal than ever! I'm thankful that I found out about Ramsey by listening to the Radio and his daughter Rachel is great too!!!

Awesome video! I love that you focused on the baby steps like that...just fantastic!

FUNNY. THE THING IS WHEN I STARTED I CAME TO REALIZE HOW MUCH OF A DRUG SHOPPING WAS FOR ME! TOOK ME ABOUT HALF A YEAR TO REALIZE I WAS USING SHOPPING TO FILL A VOID. HAD NOTHING TO DO WITH THE JONESESS. NEVER CARED WHAT OTHER FOLKS THOUGHT OF ME. BUT LIKE AN ALCOHOLIC OR DRUGGIE. I SAW THE PULL SPENDING HAD ON ME. IT FILLED A VOID, MADE ME FEEL GOOD, KEPT ME GOING REALLY. ONCE YOU FINALLY SAY WHAT MR. RAMSEY SAYS "I'VE HAD IT" YOU WON'T EVEN REALIZE WHATS HAPPENING. THEN SOMETHING SHIFTS.

Seriously thanks guys. This is so helpful.

HI Rachel, I am on Baby step 1 & 2, Excited about my financial journey! Thank you for doing this epsisode! ~Brandy

The best team- the triple threat here! Love seeing Dave, Chris and Rachel - the best, hands down

Is it me or is Dave looking sharper than his own show. Also the advice here is super powerful.

@dnazz9784

5 жыл бұрын

This show is scripted A LOT tighter than his own.

@Ivy285

5 жыл бұрын

I agree.

Gotta get my daily dose of financial inspiration.

Love it!!! I saved this video and will watching all the time .. whenever Can .. motivate me much much more

Very good advice. Been following Dave Ramsey and the Baby Steps, now in Baby Step 3! "LIVE LIKE NO ONE ELSE SO LATER WE CAN LIVE AND GIVE LIKE NO ONE ELSE!

Great motivating video to keep on truckin!

Good advice. Thank you!

Thank you!!!

Great content! Love the term "Operating Expenses."

thank you amazing show

Thank y’all

Imagine Chris Hogan's voice on a podcast, talking about everything and everything regarding economy, personal finance, growing wealth, real estate.

Omg I love this video thank you 😊

12:27 Dave went OFFFFF 😭👏🏾

Oh my gosh love his voice W O W!!!

Look at Dave , looking all snazzy! I’m in so much debt right now! But I’m coming out!

Great show. I would like to see a montage of Daves BS6 calls or a RC show all about BS6. KEEP GOING EVERYONE X

Chris Hogan has lost weight...wow! Thank you Rachel, Dave, and Chris!

That was so good 😊

Great Video! I love the baby step philosophy. I am shooting for having $1000 saved by Oct 2019 if not before. Then I definitely want to move onto the next steps.

Great content! So realistic

This was sooooooo good 😭🤩👏🏽

Loving it

Man I wish I seen this before I bought a car. My first debt. 😣

@harmonyranay07

5 жыл бұрын

Mrs Bee P. You got this pay it off. Make a payment every two weeks.

Contradictory to what Dave says regarding refi to a 15 year mortgage... He explicitly told one of his listeners with a 30 year mortgage to not bother with the costs of a refi and just use a calculator to see how much extra you have to pay per month to pay your mortgage off in 15 years. He said it makes no difference and only costs you more money to refi.

Luv Chris Hogan 💙

Skittle Boys is in the comments! Ya'll are so awesomesauce! #muchlove

Doing it

Great quality videos! what camera are you using?

I cut my cell phone bill by more than half by shopping around. I was the only one on my Sprint plan paying $135 a month. I left and got a plan for $52 a month with AT&T (military discount helped as well). I'm just mad I didnt look sooner.... saved by switching my insurance as well.

Watching this in 2021. LOL 2019 feels like 10 years ago

You do not need to refinance your house.Why go through that hassle and spend that money? I worked it out with my bank. I made two Half payments a month and sent extra money each time as well, paid it off in less than eight years. Refinancing cost money plus if anything should happen down the road.Yikes! I was single so I didn’t want to take any chances. Love you guys!

I was actually shocked by the oncept of paying off the lesser debt first, but upon further thought it makes sense... in the longe term, by paying off the lesser debt, you keep more money. because in focusing on the higher debt you keep all debt brackets open for longer, thus more interest you pay overtime. I actually felt fiscally intelligent for once.

As of 4/12/19 82k will be blessed

Hello everyone and Rachel !!!!! I heard from D.R. and yourself that you're Mom "SHARON" and Wife of Mr. D.R. made an appearance on your show, can someone give me the link to that particular show ??? .... I've been hearing about Sharon all these years (East Hills of Tennessee Olympic Iron Frying Pan Throwing Champion) and I am super curious if she truly exists ??? Much love to the D.R. Personalities !!!!! I'm working on Step 3 !!! my 6 month FF E-Fund !!!! Thank You For Everything !!!! You Guys are Thee Best !!!! Sincerely, Oscar....... P.S. Say Hi to George !!!!!

If you are in a 30 year mortgage it would make more sense to invest the margin you would pay into 15 year fixed rate. Compound interest on the few extra hundred dollars a month over 30 years would be a small fortune as opposed to the compound interest you would earn on the mortgage amount over the 15 years after the mortgage is paid off, likely more than the cost of your house plus the interest paid.

Rachel you all have to talk about motherless ppl. What are we doing on baby step 5? Also, I'm not buying a home until I'm at baby step 7. Need to pay cash for my first home♡♡♡

@jerseygirl0869

5 жыл бұрын

Malisha Goggans jump the step and focus on savings and investments. Still put that money aside but after house is paid off. Invest it (whether MMA or index fund or real estate) and you’ll be ahead of your goals.

@arthrodea

5 жыл бұрын

If you don't have children, you can skip baby step 5 completely and move onto baby step 6. If you plan on having children at some point, you might want to consider saving up for the costs of having a child (whether that mean costs of child birth, adoption fees, baby supplies, etc) in a sinking fund. But if children are not your desire, again you can just skip step 5.

Yes he gets it

87 credit card companies disliked this video

Can I find the baby steps in Dave’s book ???

For the most part I think the baby step program is a fantastic way to win at finances. BUT in this day in age, I believe that baby step 2 and baby step 3 should flip. It just seems for most, that when it rains it pours so having that 3-6 months savings before working on the debt snowball seems like a better way to go.

@AverageJoeInvestor

5 жыл бұрын

Great insight - I am not so sure that they should be flipped, BUT, I do think that maybe the number should be 1 FULL MONTH of Emergency Funds or maybe even 2 MONTHS as opposed to just $1,000 😀

@candy2325

4 жыл бұрын

Kayakins I totally agree. I feel so uncomfortable with only $1,000 as an emergency. I’m setting aside $3,000+ as a cushion.

1. Your house can be foreclosed for non payment of property taxes, and 2. Paying off a 30 year, low interest mortgage early is economic folly.

Rachel: say it with me. Insurance not an investment!. Me: bourbon monies!! 😅

Would it be better to refi to a 15 year mortgage or keep the 30 year fixed and make extra principle payments?

I miss Chris Hogan!

Hi I would like to try this but question for you. I have two accounts in collections that are really old. Do I pay them off with the collection company or with the company themselves, even though really old.

I became my own slumlord. $12.3K cash for my new home. I'm told as is, I can get $15K for this place. According to city acessor it's worth $35K Zillow calls it $48k . I'm sitting on it going to wait for the next bump in oil prices right now the market is depressed all want to sell. The town's main business resource is the oil and gas industry; flat right now. This town is the best I have ever seen to retire if you hate traffic and don't want a car here you don't need it. When you need to get things done it is real easy when everything is within a 2 mile radius if you want use a bike. Spent $15 on fuel last month and I have 150 more miles to drive before I need to get fuel. Granted I drive a Prius but I just don't have far to go so I stay local We became debt free in 2009, 2017 my wife of 17 years wanted to see what it was like living on her own . So she stole my life savings rented a place and lied to get a restraining order/divorce. Sounds fair doesn't it? Life is not fair and no longer am I . Not entertaining the idea of another union. Enjoying the peace and quiet of the missing psycho that use to wake up cussing screaming yelling.She Never was happy I'm predicting she never will be. There was no reason for her actions I did everything I could to help her she is a black hearted criminal con artist. The worse person you could lie to is yourself.

so this all makes sense.. we are working on babystep 3..but what would you advise to those who are older, near retirement age? No way to do all steps to 7.

What do you do now that the market is down God bless America

What if I only have one debt which is my car loan do I work on paying that off or move to saving 3 to 6 month of expenses

When can i buy a house in these steps?

Baby Step 1 achieved in Nov 2020 :-)

Trust me... I’m using that Spotify lol

@thebigmann81

5 жыл бұрын

Is spotify a podcast app? Never used it I assume that's what it is. I actually use Podbean

Retirement? What would be the the best retirement investment to have the biggest payout? I was thing of going with a roth IRA but I have heard a s&p 500 index would be best. So if i could get some answers or opinions that would be great.

To a point I noticed i wasn’t hearing from the Holy Spirit what woke me up was when my banker who didn’t even know I’m a sower tither told me I bounced 66 checks in last 6 months look at the numbers. So my question is you can’t out give God he did save my home from foreclosure at end and I paid my mortgage on time all 2020 while most in forbearance but I still struggle with sowing all I have and not saving can u do a podcast if lead by Holy Spirit to teach on this been struggling with this for 7 years