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The 7 Baby Steps Explained - Dave Ramsey

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Comment from : @TheRamseyShow

5:42 "Work 6 jobs"does this brain dead boomer know what a job is?
Comment from : @brianc2619

Done with step 5 and Starting baby step 6, hoping to get it done by the time I'm 40!
Comment from : @CarolinaSantacruzO

Done up to baby step 3 But I pay rent, don't have a house Should I buy a house first?
Comment from : @CarolinaSantacruzO

I’m on baby step 3
Comment from : @joshpeters4095

So my question is why would you pay off the house? Let's say friends since I have a 4 interest rate and I owe 100K on a house , and I have 150k in the bank Wouldn't it make sense to invest the 150k and something that's making more than 4? Also, I get a deduction on the interest on my home so that helps as well Thanks for those that have an answer for me
Comment from : @brett7011

I’m on baby step 6 but I should be eating rice and beans cuz I gained some weight
Comment from : @2ndgunguy

So I owe 185k on house and have 250k in savings making no interest Should I put the money to pay off house and the money I was paying on the house goes back to replenish savings or put savings in high interest investments
Comment from : @far22186

Began eating only bacon, eggs, beef,butter brSaving a ton of money not eating fruits, vegetables, and processed junk food
Comment from : @Agapy8888

Houses aren't worth the price Gonna build a cabin in the woods
Comment from : @MrBoxofplastic

Squeeze that armpits really tight and smell your own body odor on your hands, DAVE!
Comment from : @LA-xj3tz

When do we save the deposit for the house?
Comment from : @Jackie-mz2sb

i just started doing my baby steps I only make $17/hr but lm half way there ! i should be on baby step 2 in a couple more months i usually save $200 a check i haven't had a savings account in years im so excited to start this journey
Comment from : @JourneyOfCin

$1,000 sounds like a small amount these days
Comment from : @marthathompson2012

Can u do this from Australia
Comment from : @meme-hz8hu

Good luck everybody thats going for it! See ya on the other side🫡
Comment from : @Its-Frosty

40 years ago, I tried to tell my co- workers to save 10- 15 of their pay, at least They thought I was crazy I read every book I could find about being thrifty brIt wasn't that hard You tell 'em, Dave Tina, Al's wife
Comment from : @alanbirkner1958

I am 36 female Came 7 yrs ago to the state Started in my bank with $400 only I feel like I have achieved nothing There is an emptiness always I have no debt Saved up 400K in cash including 50k invested But I m still scared of what the future will hold! Planning to buy my first home may be in a year or two @ Dave Ramsey advise please
Comment from : @freedomgal9768

If I am in step 4 how much should I be putting aside to buy a house
Comment from : @davidpadilla1212

What if I don’t have college debt, don’t have kids, don’t have a house, have more than enough emergency funds, but you don’t know anything about Roth IRA, and I should have a 401k at work
Comment from : @joemartinez8625

I love that my name is George because every time I play this video sounds like you’re talking to me
Comment from : @GeoAndVio

We need a British version of this
Comment from : @grahamdavidson639

In today’s world, this system is impossible to work with unless you make a staggering amount of money Anybody I know right now that’s making less than $75,000 a year is just completely struggling to get by Everything’s fu(k3D right now
Comment from : @alexclark4968

I’m thankful that from the time my wife ani I were married 34 years ago, we are 90 on the same page as it relates to finances No payments of any kind, and three years till I plan to retire
Comment from : @shanechostetler9997

I mostly enjoy you Dave, but you didn’t invent the principle
Comment from : @shanechostetler9997

Why do i hav to pay off my house? I only need to pay a 1 interest Inflation is much higher
Comment from : @mathiasm8489

So, what is the average income when people start the baby steps? - An annual salary of $24,000 is very different from $100,00000 If you are making $24,000 a year a $5,000 car is 6 months salary If you are earning $100,000 per month a $5000 car is less than a month
Comment from : @masonr1666

Dave gives great advice but if your kid gets admission to MIT, Stanford, Yale or Harvard for a STEM discipline, are you really going to ask them to go to community college instead to avoid debt?
Comment from : @onwrdandupwrd5303

I think one of the fastest ways to get rich is to write a book on how to get rich There seems to be a huge market 😂
Comment from : @yesaguirre1188

Prepare for the worst hope for the best
Comment from : @Kenscorner12

Why does Dave cross his hands around his body? brSends a bad message 😮
Comment from : @LouisCapps-p3z

No! You do not clear the smalest debts first You clear highest interests first
Comment from : @notremarchedelafin

I think the only two things I am lacking at now is a college fund for my kids and attacking the smallest debt To get out of debt
Comment from : @jacobgoebel7660

how do i invest in a ROTH IRA, which investments are the most recommended?
Comment from : @maryammenalagha8989

I hope no one sold their gold
Comment from : @timcarr4155

What if I rent and don’t have a house but I want to but one when should I buy one?
Comment from : @ismailbashir9282

I’m 45 with two kids, 3 and 1 I just paid off the mortgage and am on BS 7
Comment from : @Jsd_1

My company doesnt offer 401k
Comment from : @ORO158

Saving money and car breaks down, ER bills, and HVAC quits… out goes $15,000 😭🤦🏻‍♀️ Here we go again
Comment from : @SETGL2010

im from india and im baby step 9
Comment from : @abdul-t6h9l

I’m personally the most excited about Baby Step 3 because having a full emergency fund and no payments is the goal in my life right now 🥺
Comment from : @JoeyLeBlancMusic

Starting all over with baby step one got rid of the new car payments
Comment from : @yunusquddusofficialactor

I’m 39 and recently retired from the military with 💯 disability Because of my children’s college will be paid for 💯 Also, between retirement and disability I make $81k a year after taxes Can I skip steps 4 and 5 or should I still do those anyway?
Comment from : @SedricWilson-mo9wi

As I come to realize, Step 7 never ends… Even as you set it and forget it (ie Investments grow) whether you add to them or not…
Comment from : @madmaxbdw

If you own property, you should also have a fund for your house in case any maintenance needs to be done :)
Comment from : @sophiesworldofwonder9100

I'm a disabled vet on a fixed income bringing in only 22,600 a year It took me almost four months to save $1,000 He's not speaking to people as poor as me
Comment from : @cw9790

As a student i just make 300 dollars a month as a developer practician in my 3rd semester, i just completed baby step 1 with 1000$ dollar emergency fund, and i am only 500 dolars in debt 🎉
Comment from : @rrsmb7136

I have realized that I will never ever buy anything again,but food!brThank you Dave!
Comment from : @CarolynHughes-t1l

Paid off both car payments our old cars run fine
Comment from : @charlenegannon8979

Baby shtepsh
Comment from : @joepangelo

My advice:br1 Live within your meansbr2 A dollar saved is worth more than a dollar earnedbr3 Dollar cost average in the stock marketbr4 Diversification - SPY or QQQ are great fundsbr5 Try to avoid much debt outside of your homebr6 Home equity appreciation is pretty incredible Once you have an opportunity to buy your first home do it! brbrBest of luck everyone Play the long game!
Comment from : @ryanrjackson

So you can skip a step if you bypass having children?
Comment from : @gregorydaines

What is roth and ira?
Comment from : @HiHi-vc2no

It was such a weird feeling seeing 4 digits in the bank account and never seeing it dip to the singles for the first time in a long time! Can’t wait to finish building the emergency fund so we can start knocking out the debts
Comment from : @andyalien1

@TheRamseyShow greetings from Germany brReally love your videos But slightly hard to follow in Germany We don’t need to save huge amounts of money for college, but on the other hand, we bought a house recently, and the payment is calculated for the next 25 years By than it should be done brBut I can safe some money parallel to paying my house and currently I’m paying it to an ETF fond with 10 retour at the moment Hope I can continue learning stuff from you Right now, my goal is to let my daughter become a millionaire by the time I’m not around anymore
Comment from : @TheSaiberRider

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @SandraGunther-o2t

What if all you have is a disability income how do you pay it down fast
Comment from : @yb4549

Hazelwood act paid for my kids college and got 1800 a month to go Yet they don’t appreciate it 😢
Comment from : @wichoflores9922

2:56 Put the kids on craigslist?
Comment from : @stancartmankenny

Working on step 4, with 20k invested at age 22, still in college, but slowly working up the pool
Comment from : @Helibenone

I got my kids on Craigslist anyone interested??
Comment from : @21gonza21

no sugarcoating!! i love that!!
Comment from : @G7sunbeam

I protect to you strong mane so that it's good
Comment from : @DerbHaile

I smoke meth
Comment from : @maxwhite7654

This is hard for me I live in Nigeria I'm 24 years old I run a business I have zero to no savings but I constantly invest all my money into my business no debt still living with my parents how do I become a millionaire
Comment from : @Fouad080

I’m 17 and just reached $1000 in my savings account 👏 I am proud of myself
Comment from : @kassibby12

Do we really want kids to go to Marxist indoctrination camps? I think college is a scam unless you're going for a specific field Engineer, attorney, doctor or a legit field Otherwise trade school Probably 80 of the kids going to college are totally wasting their time and money
Comment from : @deanmarten

How does this apply in the UK?
Comment from : @Octavia1777

I'm lucky enough to have a 450 acre farm in Ohio that gives an income of $80,000 a year Not fully mine yet but it will be handed down to me, in the meantime I will be getting $2,000 a month from it Will use that to pay off my mortgage early
Comment from : @RealMTBAddict

No debt, just a mortgage, damn must be nice!
Comment from : @rc45tx

Does this assume you already have a house and a family? I have neither and want the house first lol
Comment from : @rednose_7928

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification I'm hoping to invest about $350k of my savings in stocks against next year Hope to make millions in 2024
Comment from : @AidenLiamf7q

All this went over my head😢
Comment from : @2mexpesos

I am 14 i’m not gonna wait
Comment from : @Tahakr

Immediately selling the kids on craigslist! 😆 🤣
Comment from : @karlfranklin2728

I've been hesitant to invest in the present market, but I believe it's the greatest moment to get started I heard one person talk about making over a million dollars with $300,000 in cash, and I'm left wondering what talent and plan would yield such a return
Comment from : @DavidLucas-so8rr

Anyone who is paying monthly for things like a car & insurance and is thinking I can’t save, at the end of the month what ever is left over move it into a savings account that is accessible if you need it
Comment from : @World_an_adventure