Dave Ramsey on How to be Financially Successful
Extra content from the documentary “Maxed Out” from radio financial guru Dave Ramsey, a “tough love” guy in the vein of Dr. Phil who teaches in this video how to get out of debt and accumulate wealth– simply and elegantly. Watch this repeatedly to burn the ideas into your brain.
Duration : 0:5:3
@navykev
I think …
@navykev
I think that’s the problem right there. Common sense isn’t common anymore.
So I guess if people need to pay someone to teach them common sense because everyone has tossed it out the window, then fine.
Does his teaching work? Of course. Because all he’s teaching is the same stuff that Grandpa and Grandma taught 50-60 years ago. For us to “no” ourselves.
No to spending more than we have. No to something we can’t afford. No to buying on credit.
Let common sense live again!
It is common sense …
It is common sense but when you really think how in debt most people are — is it really that common? His teachings are not rocket science but work.
honestly bro — …
honestly bro — like him or love him — people who know follow his advice end up doing well. When I started his plan I had a networth of negative $20,000 and three years later I have a positive net worth of $80,000. I have no debt except my home and I am on pace to turn that loan from a 30 year loan into a 5 year loan. I’ll have it paid off by 2013. I never used any of his budget things — I did it myself. If you follow his basic principles though — youll do well.
Family meeting …
Family meeting folks, need to cut cost, OK how about canceling all insurance policies (frauds anyway) walk away from credit card (Fico: a huge fraud). Hey,..it’s Just a pragmatic family business “got to survive” decision. Got the idea from too Big to fail banks, they are really good at it. Gonna start me a family veggie garden, pop me a cool one, kick back and,.. well it!
@xeodisc
I didn’t …
@xeodisc
I didn’t say otherwise.
But his plan won’t work for me. I don’t have credit card debt. I don’t have loans out. My problem is that I’m poor and diagnosed disabled. I don’t have financial peace because I’m poor, and unless my disability clears up, I’ll stay poor for the rest of my life.
So although his plan and course will do wonders for those who are wasting their money, it won’t work for me because I don’t have anything to waste.
No magic formula. …
No magic formula. Crockpots, not microwaves. The debt-snowball isn’t made to “do math correctly” its made to get you motivated. 80% behavior and 20% head knowledge. And yeah, he sells stuff. Is not a workman worth his meat? even if that work is motivating people?
@xeodisc
After …
@xeodisc
After thought and prayer, I’ve come to believe that Dave Ramsey isn’t teaching people how to get out of debt. I think what he’s doing is selling motivation for people to stop wasting what they have.
Just like a fitness expert will not teach you anything you don’t already know, but keeps you on a healthy diet and plenty of exercise so that overly-heavy people lose weight.
Magic formula? Nope, Dave doesn’t have it. He even admits that most of his technique is plain common sense.
@blueskunk12
…
@blueskunk12
According to his budget, you need to make more money.
According to his …
According to his Gazelle Budget Lite, I should be spending $34.70 on Utilities. I think he’s a crock and his followers are making him rich.
Gold is only a good …
Gold is only a good investment in bad times. Dave knows his stuff.
I don’t see how …
I don’t see how anyone can go wrong cutting up credit cards, paying off debt, and saving money. Your really grasping at straws.
lol how do you …
lol how do you figure his advice is not solid when he may have said the stock market wouldn’t fall, that doesn’t mean he doesn’t give good advice in personal finance. one doesn’t equal the other.
You don’t have to …
You don’t have to buy anything from him. But we are in a capatalistic society and the man has a right to make money off his advise. Should he not be more prosperous for the knowledge that he displays and distributes?
Yes lets …
Yes lets artificially inflate gold and silver prices to make the people who have the most of it really rich!
are you kidding? …
are you kidding? the whole “buy gold now” is propaganda to make these gold companies money, artificially inflate gold prices and attack the value of the dollar. and this guy knows his shit, he’s one of the best. the whole Amero, NAU, and Mexico is behind the propaganda much like all the leaflets they pass out in Mexico encouraging illegal immigration.
dave ramsey says ” …
dave ramsey says “gold as an investment category sucks”. What a moron! He maybe a good person or a good preacher. But as a solid financial advisor he really sucks.
if Mr. T invested …
if Mr. T invested his money in gold, like he has in jewelry, he ought to pity himself, lol, I listened to his program the other day, I heard Dave has an 18 year old son (Daniel) , and a caller who’s my age (18) already has a $50,000 head start while doing odd jobs living on a farm. Cool, for a couple of us guys who didn’t even exist in the ’80s, we’re doing well. I myself am saving up t o buy a home like the caller.
i’m only 18 years …
i’m only 18 years old and already I’m more disciplined than most adults at personal finance. OK, granted I do have an older brother and sister that set an example. I just moved in with my brother when I turned 18. He’s paying mortgage, my sis and I pay rent.
Yet he’s a …
Yet he’s a millionaire. Are you a millionaire? If not maybe he’s doing something right
This dave ramsey ( …
This dave ramsey (he doesn´t deserve capital letters) if full of crap. He misguides people in saying that investing in gold is not good. He says that gold is only good in jewelry. It amazes me how a supposedly profesional like him is against investing in gold. He is a fake.
STARVE THE BEAST!
…
STARVE THE BEAST!
Wall Street is a rigged system of lies to steal your money.
Goldman, JPMChase, MorganStanley, CIT, BOA, AIG: frauds.
The Federal Reserve, US Govt economic data: frauds
Bernanke, Geitner, Paulson, Blankfein, Dimon, Pandit: frauds
Comex gold/silver futures contracts backed by nothing: frauds
Don’t get screwed folks, stay away from these snake oiled thieves.
Own physical (in your hands only) gold and silver bullion.
STARVE THE BEAST!…and stop the music.
Search “ultimate …
Search “ultimate Dave Ramsey” for a plasectomy video you’ll never forget!
i know just 2 steps …
i know just 2 steps!!!
to work one’s balls off ! and ofcourse to work one’s balls off !
Dave has a system …
Dave has a system of getting out of debt and building wealth then giving a lot of it away to help others, im not an expert but after much thought i agree that the best thing i can do with my money is to help those that are in need when and were i choose to help others. But first things first i have to take those baby steps!
These guys like …
These guys like ramsey dont get rich off investing. They get rich selling stuff to you!!!