"You have four dollars to your name" Dave is the ultimate savage 😂😂😂

@mannyjeanpierre4062

4 жыл бұрын

Lol I laughed to that statement too

@JustinGoodwin84

4 жыл бұрын

Yes, he beat that strawman half to death! Thankfully most of what he said was just his imagination and that is the reason he couldn't provide any sources for the allegations he made.

@pault726

4 жыл бұрын

@@JustinGoodwin84 You go, Justin. Keep getting your airline miles. Read some of Dave's books. He cites sources galore.

@mickeytollison

4 жыл бұрын

@@JustinGoodwin84 His source is millions of broke Americans.

@christi3411

4 жыл бұрын

Truth, and I can't get enough!

Dave would probably be pretty disappointed I bought his book on credit.

@lifewitholga_

4 жыл бұрын

🤣

@joselemus5294

4 жыл бұрын

Hahaha that's funny, you should ask for the refund.

@tonyunderwood9438

4 жыл бұрын

I'm sure if you told him he'd immediately refund your money. ;-)

@BiggSneaddd

4 жыл бұрын

U can't. They don't accept credit cards.

@inthevault9603

4 жыл бұрын

That is the ultimate irony if I’ve ever heard one. 😂

When you tell your dad you’re getting a credit card

@josmalig-on2907

4 жыл бұрын

Stores increase their prices slightly to cover the cost of accepting credit cards, so you’re literally throwing money away every time you use cash

@RachelMaegrace

3 жыл бұрын

Literally my dad

@Superbl0bby

3 жыл бұрын

Basically my mom when I told her I wanted to build my credit score xD

@Scottallen0813

3 жыл бұрын

Jos Malig-on you sound exactly like someone who’s in debt and denial congratulations they only scam people who use credit cards maybe pay off your debt before blaming others for your bad financial decisions and have a great day!

@thepack5018

3 жыл бұрын

If my future son ever comes to me and says "dad, I got a credit card" I would HIGH-FIVE him because I guarantee you that I will raise my kid to actually be good with money unlike most of Dave's followers. And before he is even old enough to have a credit card in his own name, I will add him as an authorized user to my card so he'll have a MAJOR jump in the game. Trust me, my son will know to: pay the balance in full before its due to avoid interest, never overspend, and save up those points and cashback for a 100% free vacation. Because unlike Dave's followers, personally I've never overspent and I never paid interest in years since I opened my first card.

My biceps are getting outta control from constantly ripping up credit card offers I recieve.

@nathanielaranda8407

4 жыл бұрын

Get a shredder 😂 that will make it quicker 😂

@shaner2037

4 жыл бұрын

Tear up all the paperwork and put it in their prepaid envelope and mail it back to them. I get almost no offers anymore.

@GLURDLESCLETCH

4 жыл бұрын

Shane R thank you Shane this is my new favorite idea

@eileeneclark9011

3 жыл бұрын

8/15/20....THAT's what I do...I tear up the offer AFTER I HIGHLIGHT my name/address. Then I mail it back so the ppl GET TO PAY POSTAGE BOTH WAYS! NICE thing about C-19 + lockdown + ppl losing jobs... lots less credit card offers being sent out b/c of economy!

@US_ARMY_25_INF._DIV.

3 жыл бұрын

hahaha awesome

Net worth of $4? I think you're overestimating. I'm pretty sure majority of Americans net worth is in the negative due to student loans and credit card debt.

@JK20239

4 жыл бұрын

We are in a debt based economy. If we got rid of our debts, there would be 0 dollars in circulation

@MilanBroz

4 жыл бұрын

@@JK20239 There would be more money to spend, not 0.

@marcthomas4488

4 жыл бұрын

@@JK20239 that's actually not true monetarily..... money supply may contract significantly. but it would not

@stefanfreestylez

4 жыл бұрын

Yeuuuup

@blackworldtraveler3711

4 жыл бұрын

Josh I don't have debt.

"You're not even pulling the receipt of the thing. I know cause when I pull up, your stupid receipt is still hanging there" 😂😂😂😂

Dave just yelled at us, going to sit in the corner now!

@notmebutyou8350

4 жыл бұрын

😂😂😂😂😂

@sylviabell-berry8841

4 жыл бұрын

OUCH!!

@blackworldtraveler3711

4 жыл бұрын

The Lotto King Not at me. I never filed for bankruptcy like he did.

@SAreamusic1

Ай бұрын

You are in Timeout! Lol

I am trying to avoid making any new buys at this point in order not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article about people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

@PennyBergeron-os4ch

Ай бұрын

The markets right now might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@FinnBraylon

Ай бұрын

Yes. It is very easy to buy trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

@HildaBennet

Ай бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@FinnBraylon

Ай бұрын

My fiduciary is Sonya Lee Mitchell. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@HildaBennet

Ай бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your pointers

No matter the form of payment , if a person have bad money management then they have bad money management.

@JA-re8gi

4 жыл бұрын

Correct

@ramirenriquez6795

4 жыл бұрын

True and the world is just finding new ways to make us think we need what it offers, we can't just stay at home or at work and say you're not intrigued by something you see online/tv/social media. we'll always be tested and the slope is slippery.

@146348

4 жыл бұрын

*Exactly!!!!*

@laughteraddict1003

4 жыл бұрын

Agreed. Cash runs out or you reach your credit limit.

@tomgeorgestory

4 жыл бұрын

@@ramirenriquez6795 the slope isnt slippery. Its called controlling your impulses.

"You're so freaking excited about your free trip to Europe that's not free." 😭😂😂😂

Dave, I took your course in 2005, cut up my credit cards and went cash only. Raising three kids, we were drowning in credit card debt. Best thing that could have happened to us. Our kids are now adults and also pay for things in cash. Amazing how much stress was relieved going cash. Thank you for your realistic voice of reason.

@amgooder

Жыл бұрын

Credit cards are like🔪 use them the wrong way ...and you will get cut. Plastic is not for the weak🧠... I always pay them off early, I am NOT..going to pay interest ever.

@helenhilton2158

6 ай бұрын

@amgooder, I said the same thing about my credit cards--pay off total balance each month, no interest to pay--UNTIL I hit an unexpected financial snag and lost most of my income. 6 1/2 years ago, I hit rock bottom financially and have been climbing out of the pit ever since. After maxing out my credit cards just for basic necessities like rent and utilities, I had no choice but to go cash only. One of the most liberating things I have ever done was to cut up my credit cards and say, "never again!" I'm still in the process of paying off my final credit card. That day will be a weight lifted off my shoulders. We never know what can happen to turn us on our heads financially in spite of our best intentions.

@starsky1012

5 ай бұрын

That's just because you don't have any discipline with credit cards. That doesn't mean they're necessarily bad.

@arienfox

3 ай бұрын

That's excellent! Congratulations.

"Delta is Greek for we're not taking you there, we just said we were." 😂😂😂😂

Lol “we got Mickey moused”

@edwardrhoads7283

4 жыл бұрын

There is a Disney card now.... Saves you 10 percent at disney stores and gets you into special areas at disneyworld...

@fishyfishfins1347

3 ай бұрын

that got me too 😂

I've saved hundreds of dollars thanks to the bonuses and cash back rewards plus 2% cash back on every purchase and 5% cash back on revolving categories. I pay it off in full every month and only use it on stuff I would have payed cash/debit card anyways.. it's called having discipline and common sense.. it's not that hard. Edit: Thanks Graham

@robertmontgomery7158

4 жыл бұрын

Dexter Morgan I do exactly what you do.

@markdesign1354

4 жыл бұрын

This video is not for you, it is for the 78%

@alexc5369

4 жыл бұрын

You know why the yankees always win? Because the other team is busy watching the pin stripes. You know why the credit card companies always win? Because you are busy watching your points and cash back

@dextermorgan4172

4 жыл бұрын

@@alexc5369 lol not at all. The credit cards I get have a sign up bonus of $150 to $250 cash back after you spend $500-$1000 in the first 3 months on the card. I use them on things I have to/normally buy anyways but I pay them off in full and collect the cash back and have never paid a dime in interest.. the credit card companies only win against the majority of ppl that don't know how to manage money or pay their bill on time.

@bcgenius156

4 жыл бұрын

Sorry Dexter but I disagree. Let's say you wanted to buy a pair of shoes. You tell yourself you want to spend $100 for the new pair. You find shoes for $89.99 plus tax and let's say it comes to $110. You would justify it by saying whatever it's an extra 10 bucks more, no big deal, use your credit card. Even if you go on your phone and pay your CC off the second you leave the store, you just paid 10 bucks more than you wanted to. Even though you didn't go into debt doing so, you just spent more. Versus if you walked into the store with $100 bill to buy shoes you're not gonna spend even $105 on the new pair.

I personally feel cash slips through my fingers more easily, but every time I use my debit card it registers in my brain that it's directly touching my bank balance and sometimes I feel like that makes me more cautious.

@matthew8153

4 жыл бұрын

Stephanie I’m the same way. But that probably comes from being a cashier as a teenager. It desensitizes you.

@mrjones4249

4 жыл бұрын

Cash slips through my fingers also but cards were a bigger threat to me. I started step 2 a few months ago and it has magnified my self discipline. I utterly despise debt now and this process has changed me.

@beefen7921

4 жыл бұрын

yes same. when I use my debit card, I get the "OUCHY" moment lol.

@ashleym6155

4 жыл бұрын

Same! Cash is like free money. I think from all my years babysitting it was always extra money to me. The amount in my bank account doesn’t change when I spend it. I’ve always budgeted since I was a teen though so I’m probably not typical in general.

@YPEFFLE

4 жыл бұрын

Agree, I've been using credit cards responsibly since 18. 0 debt

Here’s my notes🤓: - 78% don’t pay a cc off a month. 22% pay it off - Avg. 12-20% more w/ cc, ie at a vending machine it’s 178% more - Reduces emotional friction; it’s a rigged game, 90% of airline miles are never redeemed - Pay w/ a debit card not a cc - Pain gives a memory, which is why people who use cash remember what’s spent - The more $ you make, the more credit card debt you have - Ramsey teaches discipline & even he falls into the trap of spending more w/ plastic

@LoneWolf1985BK

3 жыл бұрын

A lot easier to get reimbursed if your account gets hacked compared to debit card directly to your bank account. The credit card is a middle man hard stop to your actual bank account. You need to be disciplined to use a credit card though.

Can you imagine being the gas station skimmer that gets Dave Ramsey's debit card info?

Anyone else feel like their dad just yelled at them for the first time?!? 😩

My family has paid off 20k debt in a month taking our original savings for a home and putting most of it there. What a relief this has been for my family. Finally going to be debt free by the end of the year. Never going back to this.

I'm glad that you tell the truth, no matter what or who gets their feelings hurt. Thank you Dave.

@jc_dogen

11 ай бұрын

it's bullshit. just don't be a baby and use your credit card exactly as you use cash or debit cards. some percentage of the population might have a spending problem with credit but not everyone.

I'm just the opposite. If I have cash, it burns a hole in my pocket. Seeing a credit card balance activates the pain centers in my brain.

@Rahmonic

4 жыл бұрын

lol same

@Vincent-gp2wm

4 жыл бұрын

Mike Mayo same

@mattpalmq

4 жыл бұрын

Mike Mayo yep. Cash feels like money I don't really need and can "throw away" on whatever I want

@G4RCI4S4NT0S

4 жыл бұрын

I thought I was the only one that was opposite. Lol.

@aberose7405

4 жыл бұрын

That's true, but you don't feel the pain when you swipe, you only feel it when you look at the balance and then it's to late.

When I was just out of college my great grandma on the east coast was turning 100 and i wanted to visit her. I didn't have the cash to travel so I applied for used a credit card to visit her on the east coast. She passed away a year later. To this day I do not regret using a credit card for that trip!

@girlfriend677

4 жыл бұрын

Well even Dave says he's guilty of it, and says he'll do it again-- for the grandbabies lol. It's more trying to minimize that stuff. Sorry 'bout your Grand...

@keithc6370

4 жыл бұрын

That's one of those situations where you've got to make a call you can live with. Hopefully you paid it off and cancelled it though.

@goodgood9955

4 жыл бұрын

Did u get her a gift?

@jayhillz3705

3 ай бұрын

And you probably still owe till this day…

Comment section: DAVE RAMSEY FANS vs CREDIT CARD USERS

@yourmomsaccountant

4 жыл бұрын

This comment should be at the very top.

@MrNGTfan123

4 жыл бұрын

George V DAVE RAMSEY 🐑 vs financially literate people.

@sadlifesock8473

4 жыл бұрын

@@MrNGTfan123 because you're beating the credit card companies?

@MrNGTfan123

4 жыл бұрын

Malicemaniacman nice you quoted exactly what a man said on the internet, wow I’m impressed we have a smart one here ladies and gentlemen 😂

@sadlifesock8473

4 жыл бұрын

@@MrNGTfan123 wow, you could've saved yourself some typing by admitting I am right. What a petulant person. Good look man.

"We got Mickey Moused" 😂😂😂😂 I know many commentators say Dave is too extreme in his views on CC, but the trillion dollar cc debt shows that lots of ppl are getting mickeyed up.

I used to be in the 78%. I'm now in the 22% and have cut our family spending 20%. We have paid off all our credit card debt and have saved 85k since March of this year.

@Surfer041

2 жыл бұрын

Way to go. I did my debt free scream three years ago. Yeah I still use CCs, but I pay them before the cut dates.

@ryanthepianoman27

2 жыл бұрын

How’s that possible? Your income must be very high

@ofc50

2 жыл бұрын

@@ryanthepianoman27 We do make a good chunk of change but we were not disciplined with our money. We spent as much as we brought home. Once I cut spending and put us on a budget the money piled up.

Just paid a $21000 capital gains tax and I’m glad it was paid through direct debit. Having to drive to my local IRS office with a briefcase full of cash would have hurt like nothing else. Another great video Dave, I’ve switched to cash for almost everything and I spend so much less now. I spend a lot more time thinking about my purchases.

I remember starting college in 1992 at 18y old, making about 9k year. I got my first credit card from BOA. My credit line was either 20k or 30k with an introductory rate of 0%. I thought I was special. How naive I was! It took me about 9 years to pay off that BS.

@ryanthepianoman27

2 жыл бұрын

Wow your rich!

@Dontagerivera39

6 ай бұрын

That's because you was young. I think one credit card with 20k limit is fine.

I mean even Apple has their own credit cards, it must be a good business.

@Ryan_DeWitt

4 жыл бұрын

It is good business. Hence the 78% they make a lot of money off. Way more than enough to cover the people that don't. Even on those people, they make a tiny bit of $ off of the fees they charge merchants. They only lose $ when someone defaults and they can't collect or someone steals a credit card and they eat the cost. However that is just standard bad debt, some call it breakage and a cost all businesses have.

@miketsypan5284

4 жыл бұрын

very good business... for the lender

@whatupdoe3623

4 жыл бұрын

Indeed, I like their credit card. 2% back on everything I great. I most I’ve ever had for everything was 1.25%

@enriquepadilla2542

4 жыл бұрын

@@whatupdoe3623 everything with apple pay only

@UnknownUnknown-tu3be

4 жыл бұрын

They have a credit card now because they want the Apple consumers to rely on them completely and never leave the ecosystem. Like google with their phone service.

My wife and I cut up 4 c cards on 1/1/2020!! 👍🏻 Now to get emergency fund fully funded, then on to step 2 🤞🏻

@mattdomagala

3 жыл бұрын

How’s it going? I’m also on step 2. Push through!

@del_j4106

2 жыл бұрын

And then pandemic happened

I feel the pain regardless--paper or plastic.

Debit card is the way. With cash, I hate holding loose change and eventually forgetting about them

I found this out the hard way. I noticed that when I use plastic when I go out I spend more money because you don't see it or feel the pain like you say. Now I take out a set amount that I am going to spend and that's it.

“Your net worth is 4 dollars”🤣🤣🤣 I love Dave

@summerjoy247

3 ай бұрын

🤣🤣🤣

This month I have paid off and closed three credit cards 💳. Two more to go. My foco score falling fast 💨 and I couldn’t be happier.

@huggyuk

4 жыл бұрын

dnizus Way to go!👍

@kebinyo

4 жыл бұрын

@Michel Houellebecq if you're planning to never borrow money again, who cares what your credit score is?

@themasterteacher

4 жыл бұрын

Michel Houellebecq true but sadly I was part of the 78%. I had a 790 fico score in April/May. I now have a 566. I closed a 17 year old account with about $17,000 in credit. It hit hard when I realized my savings didn’t match my credit score.

@user-cv3gd2wr5q

4 жыл бұрын

Michel Houellebecq LoL that’s lame! But whatever...continue on down that road.

@mikenelson8377

4 жыл бұрын

Michel Houellebecq it only affects those things because if you have debt, they know you need the job. But if you don’t have any debt, then technically they see you don’t ‘need’ the job. Think about it

i got 6 credit cards a 740 credit score and still keep my credit utilization low. I use credit cards to spend money i would be spending anyways. they are not bad if you know how to use them. now if you DONT know how to use them you max them out and pay the minumum of course they are bad. it depends on how YOU use them!

@ibealion1

3 жыл бұрын

"Knowing how to use them" does not equal "Spending only what you should/can".

@kevinalmiron8693

3 жыл бұрын

@@ibealion1 well that's why you should using them in things you would be spending anyways.

@nicholaspinedo9675

3 жыл бұрын

@@ibealion1 it does because that’s how you should use them. Treat them like cash.

@Zandi33389

2 жыл бұрын

So why do u need them if you can use a debit card. Because if you ever forget to pay then you incur a charge.

@jaredfrazier2216

2 жыл бұрын

@@Zandi33389 stop reaching bro lol

Stop the preview at the beginning. Keep the old format

@Jay-pf2cn

4 жыл бұрын

I kinda like it. Seems to be trending with other KZread videos.

@slyfoxx2973

4 жыл бұрын

Agreed. Just get down to business.

@angel0island0ninja

4 жыл бұрын

I don't like it here or in other videos, it just gets me in the habit of skipping ahead immediately

@Garebare1

4 жыл бұрын

It spoils the video and then when that part actually happens I just forward it Bc I already listened to it. It’s annoying

@wk3820

4 жыл бұрын

Agreed

I use credit cards and don't pay interest nor do I spend more to chase points or cashback. I use a credit card for purchases I was going to make anyway, and already have the $ for in my checking account to pay off the balance in full.

@mkite715

3 жыл бұрын

Sounds like a lot of wasted energy to just get some points or cash back.

I used my debit card and to activate the pain centres I wrote down every dime I spent. Also, I had a budget. It worked great, I learned to really think about every purchase and what I need vs what I just want.

@loganmedia1142

Жыл бұрын

I don't need to write it down, because I get a notification after each transaction, although I do put it into a spreadsheet, so I can run my total against my bank's at the end of each month.

@Krissy_K888

Жыл бұрын

@Sober Gnostic It wasn't bad at all. I was just learning behavior by utilizing my senses. It was a grounding experience. I don't do it anymore because the lesson is learned and I benefit from it every day.

Got a “free” round trip to Savannah, GA through Southwest CC. Paid OVER $1,500 while there for hotel and food. Used the SAME credit card to pay for it....I got a “PhD in D.U.M.B.” Just like Dave said....kicking myself to this day ! It’s a vicious cycle that CC companies have us in if we’re not smart.

He's actually correct. I went grocery shopping today. Took 60 bucks with me. At the checkout, the total was 71 dollars. Had I had my credit card, I would've just used that. But, because I had cash, I had to put stuff back. Dave is correct, you'll overspend using plastic. Use paper.

@openwheelracing88

4 жыл бұрын

If you.went to check out line with 71 worth of stuff with only $60 to spend then your problem is not credit card to begin with. Dave Ramsay blames credit cards because he can't directly call his sheep morons.

@jacklyndawson6873

4 жыл бұрын

SMH at this logic

@blackworldtraveler3711

4 жыл бұрын

Ed Jones I like keeping a $1500 cash balance on my credit card and buy what I want.

@Bnhuskins

Жыл бұрын

Ignorant logic.

@loganmedia1142

Жыл бұрын

I'd just draw more, because the same card I use to draw from an ATM can be used to draw money in the supermarket. Also I already know approximately what I am going to spend before I get to the till.

I wish Graham Stephen would watch this😂

@nicoletara353

4 жыл бұрын

Right 😂

@user-zd9fc4vs4q

4 жыл бұрын

He obviously will

@mannyjeanpierre4062

4 жыл бұрын

Lol he's the anti Ramsey.

@xrlben

4 жыл бұрын

I wish Graham understood this 😂😂😂

@user-zd9fc4vs4q

4 жыл бұрын

@@xrlben lol I disagree with Dave Ramsey here & agree with Graham Stephon much more. Though I'm not rich, my net worth is only $4.

It doesn’t sit right with me to spend money I don’t have. It’s insane to me to the point I won’t date someone who’s in debt. It’s simple buy what you can afford or save up to the point where you can buy it twice. You don’t need the most expensive car or whatever

@euenfheiejrj

4 жыл бұрын

Ludens you can have the money and use a credit card. I don’t buy anything if I don’t have the money but I use a credit card. I have no debt and excellent credit. I use my credit card like a debit card but I get extra benefits from it.

@inthevault9603

4 жыл бұрын

And don’t date anyone with a child/children and/or married before. It’s nothing but trouble both financially and emotionally.

@mikepawlikguitar

2 жыл бұрын

Dating someone who's in debt sounds like a disaster. Dating someone who's in debt and they don't know how much is a catastrophe. Dating someone who's in debt, who doesn't know how much, and who doesn't have a plan sounds apocalyptic. I would NEVER date someone who is in debt. Period.

If you limit your credit card spending to just spending you had to do anyways (like paying your rent), you can chase sign up bonuses and never go into debt or spend more than you would have otherwise. I make thousands of dollars a year by beating the system. Though I understand your data and agree with you that 80%+ worth of people can't control themselves.

@mdtaherali2704

2 жыл бұрын

Sure you do

@lukaspasten

2 жыл бұрын

@@mdtaherali2704 don’t be mad u couldn’t do that lol

I worked in retail and cashiers + sales associates are rewarded greatly if they manage to sell a credit card for the store. They help profits for the business SO much. When I worked there, then I realized why it's so one sided in advertising. They don't help the consumer in virtually any instance. Even if you think you're the savviest person ever, credit cards are just a burden to manage and do not excel your wealth significantly even if you pay everything off, get rewards, etc. In the end it restricts you on where/what you want to buy while just adding another thing on your list to test your mental health.

Delta is greek for "We're not really taking you there, we just said we were" - I almost died laughing haha

@insideoutsideupsidedown2218

3 жыл бұрын

DELTA: Don’t Expect Luggage To Arrive

I try to listen to a couple of Dave Ramsey videos every morning to remind me of the debt noose.

The "Coming Up..." preview is so unnecessary. Can we not make that a thing?

4 years later and the message still rings true.

I'm a programmer. I coded something that sends me a daily budget using the banks automated notifications. When I'm over the budget, my credit card doesn't work unless I actually sign in and authorize more spending which I only do in emergencies. Every transaction sends me a text with how it affected my budget and what remains for the day. The best discipline is making your system not require discipline. So. I spend exactly what I want to as laid out in my budget. If I overspend today I can't spend tomorrow. However, his advice works for the vast majority of people and that's why he is 100% correct in this segment.

I have absolutely 0 knowledge of how much cash I have spent in the past year, however I know to the exact penny how much I spent on my 22 credit cards. Because I am constantly reminded of it, unlike cash that just disappears!

I really like the overall philosophy that he preaches. His big emphasis is live within your means and pay attention to what you spend. The only issue I have is Dave has a “one size fits all” philosophy. I wish he would acknowledge that there is more than one way to manage money. A disciplined person will do fine with money and with other life decisions.

@blacksmith0316

4 жыл бұрын

95% of the people who this show caters to have no financial discipline. If someone knows there are other ways to achieve financial freedom, they do not need to hear Dave Ramsey say it. This is his show and his personal philosophy.

@gonnahavemesomefun

8 ай бұрын

I agree so much I thought this comment was by me as I read 5 words in haha. I use a credit card to buy online. I record each purchase in a spreadsheet. I pay off the balance using the money I would have withdrawn for the purhase. I use a separate credit card purely for my work expenses. Credit card work. But I do understand that Dave is preaching to those that aren't good with money, so from that perspective they are dangerous. I once racked up credit card debt when my bank gave me one as a student - they must have made a load out of me! EDIT: I continued to listen to Dave and I think he's right lol. It's the pain thing. Even when I use my credit card and register the payment on my spreadsheet, it doesn't cause any pain in my bank account. Hmmmm. I need to rethink this I think!

@summerjoy247

3 ай бұрын

Sometimes he can be tough to budge but at least he’s basing it on data/studies and not his own stubbornness 🤷‍♀️ His plan is tried and true

Am I the only one that loves the way Dave says "debt"?? Lol "You're in so much DAHT you can't even breathe" 😂

I have two credit cards. I've been paying them off every month since I got them. Never missed a month in over 10 years. My credit score is through the roof.

@lowgizzle

4 жыл бұрын

Same here been doing the cash back method since 2007 and never missed a payment.

@SKBottom

4 жыл бұрын

Same here. Dave's product and brand is geared towards someone with no discipline. Not all of us fit that category.

@gmilla2825

4 жыл бұрын

Why are you watching Dave if you have it all figured out and Dave is stupid? I call BS on all you liars.

@SKBottom

4 жыл бұрын

@@gmilla2825 easy there, Kool-Aid drinker. He is entertaining and he has some very interesting calls. Plus, I think the baby steps are great. It's after the baby steps where Dave and I disagree.

I use my credit card to pay for food and gas and my bills, that I would pay off monthly anyway, so I use those points every year for sorts of free stuff. It all comes down to personal responsibility

@Yewon2001

3 жыл бұрын

Maybe you buy the more expensive brand to get the miles/points/whatever.

@SAAN27

3 жыл бұрын

@@Yewon2001 naw, I'm cheap lol

@jollama

2 жыл бұрын

@@Yewon2001 ratioed

@jaredfrazier2216

2 жыл бұрын

@@Yewon2001 stop reaching. Not everything is an argument

@gracieluf424

Жыл бұрын

@@jaredfrazier2216 exactly, just how Dave can’t wrap his head around all those “stupid people” as he calls them , that get into debt, there are also some of us who are debt-free and can responsibility manage our finances. People can’t wrap their head around that one either 🤷🏻‍♀️

I NEED a new rant on this. This ALWAYS comes up. So much statistics on this & people just follow their desires anyway..

I love that he says "airline service, other than Southwest, is an oxymoron". How true that is.. I only fly Southwest now because they are the one airline that I feel like they actually care about me as a customer.

PAPER MONEY DAVE.....I carry a Chunk of gold and I shave it off with a knife to pay for things.... make a budget....when I pay any Bill now it causes friction ...debit or credit. I still won't use credit for anything I didn't budget for.

Not having a credit card is the only reason I m not financially ruined

@summerjoy247

3 ай бұрын

Seriously, I had a card to every store in the mall in my 20s 😩

Just in time for my lunch break!

@nicoletara353

4 жыл бұрын

Same lol

@dexterm1285

4 жыл бұрын

Yep

@pampa0331

4 жыл бұрын

Enjoy your lunch

I think for younger generations cash feels like money already spent. Certainly if you can only use cash then you are limited by how much you are carrying, but I don't really feel it when I spend cash because it's money that's already been deducted from my bank account and I don't have to look at a digital record of the expense like I do with debit/credit.

Yeah, but I don't buy more gasoline because I'm paying at the pump with plastic. I fill up my tank when it needs it -- whether I'm paying with cash or credit.

@Myfrugallife

4 жыл бұрын

Exactly. Same for me. Same with everything, food and other stuff.

@bjcj123

4 жыл бұрын

If you only had $20 in your wallet you wouldn't spend over $20.

@marcdonvito6485

4 жыл бұрын

@@bjcj123 And then you would run out of gas on the highway.

@stayathomemarine

4 жыл бұрын

@@marcdonvito6485 No. Then you would go home and not do anything besides drive to and from work until you get paid next. Frugal people stay home and not drive anywhere because that spends money

@bjcj123

4 жыл бұрын

The point is stick to a budget. The whole point of the envelope system is to limit spending on a category. The idea of only having $20 in your wallet is an analogy for having a budget. With plastic it is a lot easier to "dip" into other envelopes i.e. spending categories. If your card said declined because you overspent on that budget category then you would spend less. A good example is today I went and bought fruit and veg and deliberately only took $100. Guess how much the bill came to... $103.85. I said to the cashier "can I take the spinach back", to which she replied, "no $100 is fine" (we live in the country; people are very friendly and generous). Keep to a budget, use cash or a cash equivalent mentality along with a budget. You will save, guaranteed!

My goodness, he's young! When I was young we didn't walk into the store to pay with cash. The attendant put the gas in, checked the oil and tire pressures, and we handed the cash to him without ever leaving the car.

@mrjones4249

4 жыл бұрын

It depends what state you lived in.

@Bertuzz84

3 жыл бұрын

Wow that must have been an amazing time haha. These days you just put the debit card into the slot to pay for the gas. No actual people work at most gas stations anymore.

@mistyjenkins5771

2 жыл бұрын

And they checked the oil and cleaned the windshield. Full service, of course.

@cartninja6479

2 жыл бұрын

When fish got out of the ocean and grew legs

Thank You Dave! Wish you were around when I was younger, but now I know better!

151 people who disliked this are proud of their airlines miles!

I still feel the pain with a debit card since it comes out of my account. I keep track of that with my budget.

Man, I must just know every single "above average" CC user... because everyone I've told this too says it's not them. "They always pay it off on time, and they never buy more than they would have with cash". I just shake my head and smile and say "Yea, it's weird, because NOBODY I ever talk to is the person who does it... yet the average person does it."

@Coolfusis

4 жыл бұрын

You might! The stat was, what, 78% carry a balance? That's 1 in 5 (of the population) who don't. Since folks tend to hang with like-minded individuals, if you're hanging with a fiscally responsible crowd, it wouldn't be surprising if you had a better-than-average amount of friends who are in that 1 in 5.

@nsbioy

4 жыл бұрын

I am guilty of the latter but not the former.

@originalBessie

4 жыл бұрын

Keep those friends as they were clearly taught discipline!! I never learned it until I became an adult and am swamped in debt!! Congrats on picking good friends!!

Imagine how much more wealthy we would be If we payed ourselves that amount of money.

Dave keeps telling us that fire is hot and will burn you, yet everybody still wants to play with matches!

My wife and I have no debt, pay our cards off multiple times monthly and get cash back in the following areas 6% groceries, 3% gas, 3% resturants, 5% Amazon, 4% hotels and airfare (regardless of brand, so I can choose the lowest cost option), 1-2% everything else. I also travel for work and expense hotels, airfare, and restaurants regularly which I receive cash back at no cost to me. I monitor our net worth and spending through apps like Personal Captial and Mint and spending on a CC shows up no differently than a debit card would. I don't think carrying cash around is a serious option in this day and age, especially when traveling. Additionally, when paying in cash I don't have the visibility of where my spending went with these finance apps. Credit cards are a tool, they can be misused for sure and many people do, but if used responsibly can provide various benefits. With apps like mint and personal capital, I do feel the 'pain' Dave talks about when I make purchases on a Credit Card, that I don't feel if I use cash that's not accounted for in the app. I think Dave has great advice in many areas, but think he has it wrong on this one, at least for people who treat a credit card like a debit card.

@NickiVproductions

4 жыл бұрын

Nathan Bergey same here! Been using credit cards since 18. Always paid off. Never paid in dime of interest 6 years later. If I may ask, which cards do you use to get 6% on groceries and 4% on airfare? I would recommend the Capital One savior to up your 3% on restaurants to 4%. Or if you don’t already have the discover it, they do rotating categories that include restaurants and gas at 5%.

@natebergey

4 жыл бұрын

@@NickiVproductions I have the Uber Visa (got it backward, 4% resturants and 3% hotel/airfare, and the AMEX Blue Prefered for 6% groceries, 3% gas)

@micahj.donaldson7902

4 жыл бұрын

Nathan Bergey i doubt dave is talking to you, he’s talking to the average consumer

For those of us disciplined enough to not overspend I'd say you're wrong. Haven't paid for a single flight in over 5 years thanks to my AMEX

@kevinrojas3131

4 жыл бұрын

And the added "flex" value is also a perk

@jerrygee941

4 жыл бұрын

You wouldn’t go on any flights and waste money on vacation if you didn’t have the points. You spend more money on the vacation than the flights so even though you save on the flight you are still spending. It’s about behavior. If you didn’t have a credit card you would be spending less money on vacations and more on paying off debt. Statistically.

@DEM78976

4 жыл бұрын

@@jerrygee941 Agreed, it's all about behavior. I'd probably still be traveling just the same as I have 0 debt and can afford to do so without the rewards. The fact that I'm leveraging reward points by utilizing a charge card that I pay in full every month is being savvy by using one card vs another. Once the behavior is in place, the rest is secondary.

@RKmndo

4 жыл бұрын

@@jerrygee941 What debt? I have no CC balance carried, but I DO have rewards points, so...my CC owes ME. I have no student loans, but I have a degree, a veteran's grant, and tuition reimbursement from work. I have no vehicle loans. I have an emergency fund and other savings. I'm getting vested in a pension fund AND I put into a 401K and IRA. I have 2 jobs and I'm starting a side business. I think I can afford a simple vacation now and then.

@Yewon2001

3 жыл бұрын

Do you own your own home without a mortgage? If not, shut up and listen to Dave

Preach! 🙌🏻💯

Anyone else in here come back to these videos for Refreshers and a good laugh? 🤣🤣😹😹

If you’re actually smart and responsible with spending and budgeting assigning every dollar each month, and use a credit card and pay it off monthly and gather the miles as a bonus, then I don’t see what’s so wrong with that I’m a cheapskate I don’t buy anything more than I have to and credit cards do not make me spend more than I should and I always make sure I have the money to pay for items I already budgeted for. And I get free miles Also debt free

@0oChrisHBKo0

4 жыл бұрын

Garret you’re who he is talking about

@MrJimmy3459

4 жыл бұрын

Sheep

@Garebare1

4 жыл бұрын

Chris Flores no actually I’m not. He’s assuming if u use a credit card u will automatically spend more money just so you’ll get more miles racked up. What I’m saying is my lifestyle would be EXACTLY the same if I use cash only or credit card only Bc I’m actually mature enough to handle money responsibly and I realize that the benefits credit cards give like flying miles is just extra to me and doesn’t influence my spending decisions

@Tyluh608

4 жыл бұрын

If you have to use credit card to buy something EVER you are spending more than you need to, otherwise you would use cash right??? And if you don't have the cash you can't afford it. You can afford the payment not the product.

@AmberU

4 жыл бұрын

Garret thats because most ppl do spend more if u look at stats on consumer debt

Dave Ramsey assumes that just because certain people are not responsible with cards, none of us should be using them. CCs and a credit score are tools that can be used to your advantage. Responsible spenders don't need to play psychological tricks on themselves because they are disciplined and motivated to reach their financial goals. No matter how many fits Dave Ramsey throws, people are going to continue to call this bad advice. Same as the marriage advice he gives out, having only one side of the argument on a 5 minute phone call.

@dannyledezma7475

2 жыл бұрын

Call Dave Ramsey and tell this exactly see what he says lol

Dave’s voice is addicting! I can’t stop watching these videos!!!

Great information. Thank you.

*GREAT VIDEO DAVE* Yes, SOO many Americans struggle with credit card debt... Technically, IF you have a budget and follow the budget AND the budget ALWAYS WINS, then it doesn’t matter HOW you pay... UNFORTUNATELY though, Many Americans DON’T DO THIS. 😔🤔

Dave has a secret credit card he tells nobody about. It's his little secret.

I have 5 credit cards and only use 1 for most of what I purchase. In the past year I’ve opened 3 CC and received a total of $600 intro bonuses. I also get between 2-5% cash back, fraud protection, purchase protection, zero liability protection, curb aide assistance, and $0 annual fee. I auto-pay full balance every month and receive push notifications whenever I am within $100 of my budget so I can never overspend.

Thank you Dave you are a good man. God bless you and your family :)

@philspaghet

3 жыл бұрын

Nah he's wrong on this front.

The people who really should not ever use credit cards are the ones who pick them for "the lowest interest rate". The fact of someone shopping for a credit card that way tells you that they're using credit cards incorrectly (intending to carry a balance).

I've had a debit card for a really long time, I definitely feel like I spend more when I use it. I still feel pain when I spend money with my debit card but not as much as I feel when I use cash.

This is really interesting

Started Dave’s plan in 2018. Paid off $120,000 in debt in less than 2 years (debt free except house). Took my networth from $385,000 in 2018 to $1,435,000 this July 2024. And I’m 12 months away from a paid off house. Took a lot of sacrifice but we did it. Thanks Dave!

I paid $5 cash at the pump until I can use my card at Costco. I get 4% cash back. Cash back is always better than airline miles. On top of that, the gasoline at Costco in my area is about 40-50 cents per gallon less expensive than other gasoline stations. If people have discipline, it is always smarter to used credit cards with cash back as long as they payoff the entire balance each month and never pay interest.

I only pay for things with a credit card (rarely cash or check), and I always pay my statements off the second they come in. Using a debit card that pulls funds directly from your accounts seems ludicrous to me from a safety point of view. Will keep my lone credit card.

One of the BEST!!!!!

LOL at the Delta Joke.

Ah yes, Dave and all his PRESUMPTIONS! Don't know how I became a self-made millionaire while violating so many of Dave's presumptions? Maybe, it's because Dave makes assumptions that all his opinions are correct. They aren't!!

Dave hooking the viewer with the preview snippet. I see you Mr. Ramsey! (Kudos to the video editing team)

@sadiefrankie2752

3 жыл бұрын

I wish there's a youtube finance conference with all those finance channels such as Dave Ramsey, Graham Stephan, Andre Jikh, you and etc...

@UserNameAnonymous

3 жыл бұрын

I'm not a fan of channels that do this. It insults my intelligence. I don't need a teaser to entice me to watch the video, I'm already watching it.

Nice video!

@chasehudson1028

2 жыл бұрын

Agreed

I am someone who pays off my CC every month but I absolutely agree with him about the emotions of paying with cash vs with plastic.

Spot on! It’s also why casinos use chips because you don’t feel as much pain as you would throwing away the Benjamin’s.

When I was in college in the 80's I was looking forward to the cashless society and was excited that I could use my debit card to pay for stuff. I was paying $350 a year in atm fees. That's nuts.

@crazyjojp

4 жыл бұрын

Yeah cash would have saved you more.

@danstafford5977

4 жыл бұрын

You would not have paid near that much ATM fee had you'd use a pay pass machine... some stores offer cash back, no fee!

@edselgreaves6503

Жыл бұрын

What the heck are ATM fees? Must have been phased out.

@berighteous

Жыл бұрын

@@edselgreaves6503 most people pay $1-$3 in atm transaction fees when using out of network ATM's, like in a gas station, liquor store or walmart, or a different bank than the account is from. Not at your bank's atm, but say when you're travelling. ATM's have to notify you when you start the transaction and you have to approve of the fee before they give you money.

@loganmedia1142

Жыл бұрын

@@crazyjojp I'd pay more.

I ❤️ the information he gives

I tried paying cash but I would miss out on cash back and it's too cold for that.

I get it, Dave, credit cards aren’t meant for everyone. But as a Disciplined person I really enjoy credit card’s convenience and benefit.

@InDatParish

4 жыл бұрын

Infinite Justice you missed one of his points actually. Or chose to ignore it. Even if you pay the balance off every month, are you really “disciplined” if you ended up spending 20% more than you would have if you would have paid in cash? The answer is no. That’s one of his points.

@infinitejustice2991

4 жыл бұрын

​@@InDatParish No, I don't. I don't know where Dave got this number, but I don't think I fall into that category. Because Discipline for myself not only means paid my bills on time, also means that I only buy what's necessary.

@InDatParish

4 жыл бұрын

Infinite Justice well congratulations. He didn’t say this was the case for 100% of the people.

@loganmedia1142

Жыл бұрын

@@InDatParish He certainly tried to imply it.

I agree with everything dave said about the debit card part. Trust me, I feel every bit of pain using a debit card as I would real cash. Because whenever I spend money I look into my bank account and see my balance go down. If I take cash out of my account (which i stopped doing) I almost feel like Im playing with fake money because its such a small percentage of my account balance that I dont care what I use the cash for. So I guess Im the opposite of how Dave sees it.

I love the true advice Blessings

Uh, but who goes on a Disney cruise (or any cruise) and just swipes their room key for whatever passes by their eyes...that sounds super financially irresponsible and I would have thought you'd have been wiser (since you advise so many against doing that) and not let yourself be 'Mickey-Moused'.

@elainehill5931

4 жыл бұрын

The Fun and Budget Act yes and he said it like the grand babies were spending the money? Who gives children access to swipe their room key to buy stuff?