Dave Ramsey

“John” won $22 million in the lottery, and he’s kept it a secret from his family and friends. He called in to The Ramsey Show for advice. #daveramsey #moneytok #moneytips #lottery

The most basic principle of building wealth is gaining control of your largest wealth-building tool—your income.   If all your income is tied up in debt payments, you can’t save, invest, or be generous. This happens when you buy things you can’t afford on credit, leaving you with a good salary but no money.   Proverbs 22:7 says, "The rich rules over the poor, and the borrower is slave to the lender."   Many people follow the cultural norm: graduate college with student loans, get credit cards to build a credit score, and finance cars and homes beyond their means. These decisions trap people in a cycle of debt, leaving them feeling hopeless and stuck.   Sharon and I decided to break free from this cycle. We stopped playing the game. We refused to let Citibank, student loans, or any other lenders control our lives. For us, that meant getting rid of credit cards and refusing to hand our money to banks or lenders. We took charge of our finances and declared, “No more!”   If you want to win with money, you need to stop the insanity. Cut up the credit cards, reject the cultural norms, and take control of your income. It’s time to quit being a slave to debt and start winning with money. Thank you to all who joined our Get Control of Your Money Livestream last night! #daveramsey #moneytok #moneytips #debtfree

Couples who agree in these four areas have a much higher probability of a successful marriage. #daveramsey #moneytok #relationshipgoals #relationshipadvice

“My new husband won’t help support my family” #daveramsey #moneytok #moneyproblems #relationshipadvice

What the credit card companies don’t want you to know #daveramsey #moneytok #moneytips #creditcards #debtfree

Kyle called The Ramsey Show to share how he secretly racked up $26K in debt on Pokemon cards and giveaways, breaking his wife’s trust and leading to divorce papers. Can radical honesty rebuild what was lost? #daveramsey #moneytok #moneytips #moneyproblems #relationshipproblems #financialinfidelity @Jade Warshaw

Credit card companies own you—because you handed them the deed to your financial life.   You don’t need a credit card. You don’t need a FICO score. You don’t need to go into debt to build wealth. The banks want you to believe you can’t survive without their stupid little piece of plastic, but the truth is, they make billions off keeping you trapped in payments.   Get a debit card. Pay cash. When you don’t have debt, you have power—power to control your money, power to build wealth, and power to say NO to the banks. Take back control! #daveramsey #moneytok #moneytips #creditcards @Rachel Cruze

If you’re 25 and don’t end up a millionaire, you might need a wake-up call—because I just showed you how.   Invest $100 a month from age 25 to 65 at the average S&P 500 return over the last 40 years, and you’ll have over $1.1 million.   Too late to start at 25? Nope. Start at 40, invest $1,000 a month, and you can still hit $1 million by 60.   Your age and income aren’t excuses. Your life isn’t a snapshot—it’s a filmstrip. You can change your future. You can build wealth. Let’s go! #daveramsey #moneytok #moneytips #investingforbeginners

A new car loses 60% of its value in the first five years. That means your $40,000 car is going to be a $16,000 car in five years. If you lose $24,000 every five years, don’t be scratching your head and wondering why you can’t build wealth. It’s because you’re driving it—down the sewer. That’s not at all how real millionaires behave. The average millionaire drives a nice, slightly used, two- or three-year-old car that they bought with cash, and they practically never drive a brand-new car off the lot. People always say, “Well, Dave, if I were a millionaire, I’d be able to pay cash for a car too!” No, you’re not getting it. These people don’t buy with cash because they’re rich; they’re rich because they buy cars with cash! Think about how much the average American spends on car payments over their lifetime. The average payment is around $735 a month right now. If you invest $735 in a good mutual fund every month from age 25 to 65, you’ll end up with more than $6 million. Now, I love nice cars, but I’ve never seen one worth $6 million! If you call into The Ramsey Show, struggling to get out of debt, you can almost guarantee that the first words out of my mouth will be, “Sell the car!” If you want to take control of your money, you’ve got to amputate the out-of-control lifestyle. For most people, that starts with the car payment. #daveramsey #moneytok #car #cars #carsoftiktok #moneytips

“I’m 22 years old. What’s the best way for me to become wealthy?” #daveramsey #moneytok #moneytips #wealth #wealthbuilding

Married couples need to budget their money together. You’re married—you’re not roommates. Money shouldn’t be a “me” thing, it should be a “we” thing. #daveramsey #moneytok #moneytips #marriageadvice #relationshipadvice

Want to win with money? Stop following the crowd.   Most people are broke because they spend more than they make, live without a plan, and hope the government will save them.   Be weird. Be different. Build wealth the right way—by changing your behavior. It’s not about math; it’s about choices. #daveramsey #moneytok #moneytips #debtfree #savemoney

Stop acting rich. You don’t have any money. #daveramsey #moneytok #moneytips #debtfree