Dave Ramsey Financial Advice I Never Followed To Be Debt Free

I just think the best thing about Dave Ramsey teaching, is that he gets people to hate being in debt and showing them the light at the end of the tunnel; also some people in a such horrible financial situation, that they really had to be on rice and beans ( symbolically of course) in order to start it moving; I didn’t follow exact steps in Dave’s teaching, but I paid off a huge debt in 2 years and now a debt free with God’s help and after I started listening to Dave Ramsey. So I’m forever grateful 🌺🌸🌼

I believe everyone should know and learn the Dave Ramsey process first, get incredibly good at it and then later branch out and take a bit more risk perhaps. His process is the solid foundation that everything else needs to be built on. Without it, your tower is so likely to crumble. I love Dave because he saved me and taught me the financial discipline I needed and I love Robert Kiosaki because he’s helping me grow wealth faster. Combining the two is like magic. But don’t you dare to combine until you’ve completely embodied Dave’s practices or you’ll lose everything once again.

I agree. Every Friday we got Little Caesar. We went on inexpensive weekend trips. Love Dave. Gives you the basic tools. Then you got to make it work for you.

I love what you said “Personal finance is just that… Personal”. I agree with a lot of what Dave teaches but you have to do what works for you and your family. Love this!

My wife and I have never had a credit card and we still managed to buy a house so even then credit score didn't matter. Yes I'm fully aware that you can leverage debt to make money and yes I know you can use credit cards without abusing them which seems to be the problem with Dave's typical audience. However I also know that avoiding debt hasn't held me back at all. I don't worship the ground he walks on but his advice on knocking out debt won't steer you wrong.

Dave is great but once a person realizes he is teaching you the safest approach then you can decide where you want to take more risk. He self admits all the time it's the slowest way to build wealth. He tries to use the data that it takes a person approximately 10.2 years on average to get through 7 steps. You just have to realize it's a a lot of factors that go into it. Very good video. Again Dave has mastered the ability to help people turn a light on their finance. For that anyone teaching personal finance should honor him.

Yes, us too. I learned Dave’s method because I was the one having issues relearning how to manage my money. My husband was very thrifty. My mom worked for a bank so I learned early how to get into debt and think it was ok. We did baby steps different because my husband was working out of town at times and laid off in the winter. We had 3 little kids at home and needed to avoid paying day care. Our first step was emergency fund for 3 months since we needed to not rely on debt to get by during times of no work. Then we paid off debt. It was hard and I did have a flexible service based job to work when I could. We did not go out to eat and didn’t do “vacations” but did travel in summer to go see husband when he was working out of town. We always get a hotel room with kitchen so we can buy simple groceries and not eat out. We actually still do that a lot, even now that kids are mostly adults. We are debt free but going to be building a new home soon. I am appreciative of your advice as we navigate trying to pay cash but realizing we may need to rely on loans for some of the process. We are doing as much of the work as we can ourselves.

This was awesome! I’ve always loved Dave but even he has his flaws and what works best for him really doesn’t work for the average person. He’s good for people who aren’t good with money but once you are, you don’t need his advice nearly as much.

Amen Jereme! We follow Dave Ramsey to a degree, but there are some areas that are more extreme than need be or than fits various people. It's all a spectrum; if you lack discipline and know that, maybe some of the extreme limits/boundaries are needed as behavior change, but it is unrealistic to 'live like a hermit' as you said.

Dave Ramsey is undoubtedly the G.O.A.T of personal finance. But I don't think people need to blindly and strictly adhere to him without giving serious thought to their goals and resources. You aptly pointed out so many things. But I agree with you wholeheartedly about coupons. Coupons drive human behavior towards mindless consumption. How is it benefiting me to save .50 cents on two or three boxes of cereal when I only need one. I am not chasing gas prices either. Another consideration, 1K is inadequate for an emergency fund. People should likely have enough to cover one month's expenses. So many people are experiencing prolonged periods of unemployment. I don't think the younger generation is willing to place all their financial bets on wealth at 50 and beyond. Thanks for your insights and thoughtfulness.

Your content is getting better brother. Keep up the good work. God is clearly given you wisdom to share with others. Stay blessed. Ephesians 1:3

I think the Ramsey plan is meant to give us tools to handle money and get out of debt. When you are overwhelmed and you can't figure how to dig your way out of debt because you never learned the tools it's a gift of relief and a light at the end of the tunnel. For me I don't have a lot of debt as many people have but I am happy to learn everything I can to improve my life! I feel more in control of my life and more confident. Use it how it best benefits you! Knowledge is power!

Focus on growing money instead of saving money is superior by a long shot. When I abandoned Dave’s philosophy is when my net worth finally started growing.

I'm also hispanic/latino, and rice and beans ain't a sacrifice I love them too haha, great video Jereme on a different perspective on "Personal Finance," you right it's personal and different for everyone. There's no right or wrong way as long as we all become debt free it doesn't matter what path we take as long as we get there slowly but surely. Que Dios Te Bendiga.

Most folks know they need financial guidance, but they don't have a goal. Having a goal of "debt freedom", is different from a goal of "financial independence", and it's also different from a goal of "financial security". There is some overlap regarding actionable steps, but the path to each goal is different. Be intentional when selecting a goal, and deciding who's advice will set you on a path to that goal.

We loosely followed his baby steps to get rid of burdensome credit card debt but glad I didn't follow his 401k matching advice. Never leave money on the table, you would not pass $20 on the street do not forfeit part of you compensation. If I listened to him on that part I would still have negative net worth instead of almost $750,000 net worth (250 k I equity but I wouldn't have that either if I followed DR on that front too as I only had 10% down and mortgage payments are considered too high at the time per DR rules)

I don't follow any human. I read my Bible everyday and let Holy Spirit lead. I feel like I'm in school everyday reading God's Word.

Definitely relate to that last part where you talk about doing the right things at the wrong time. I bought a house back in November of 2023 and while it was a huge accomplishment, I felt an immense weight of that mortgage and added responsibilities tacked on to that. I miss having cash flow and often think about renting this place out and moving back in with my cousin so that can I go back to aggressively saving/investing. I don’t know where I want to go in my career either. I’m sort of all over the place. I appreciate this channel though

Serious wisdom right here!! I’ve been paralyzed by overwhelm, but your reminder to start small is very helpful. Trying to do too much at once. Going to pray about where to start. Thanks

another great video! i spend dozens of hours a week studying for my architect's licensing exams. i keep thinking dang i could be working a 2nd job making extra money but i also have to keep reminding myself that its an investment in myself and my future goals for my passion and salary!!