Are You Controlling Your Money or Letting Your Money Control You?

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The Ramsey Show (May 18, 2023)
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39 thoughts on “Are You Controlling Your Money or Letting Your Money Control You?”

  3. Teacher here! Pull a little each month from teacher income and save to use for summer!
    So whatever your monthly expenses are for June and July, and decide by 10. And then start pulling that from August check. By the time June comes around, you’ll have enough for June and July!

    Still great to do side hustles over the summer, but this will help you breathe a bit and still stay on top of debt!

    Reply

  5. @1:53:50 I don't understand the Ramsey crews whole attitude towards cash back rewards / points of credit cards. I personally love credit card rewards, yes I can save and pay cash for a trip or I can use my Amex points and fly first class to Europe on Amex points generated through the year on purchases that were budgeted and planned anyway. Like when individuals call and complain that their companies are having them put $5k/month on a credit card. If my company did that I'd be getting the best travel points card and taking a free trip on the company reimbursements yearly.

    I do not follow the baby steps or the Ramsey philosophy; I understand the thought process behind it and watch the show daily, but I'll never be able to come on as a "baby steps" millionaire. I'm too busy enjoying debt on my house and credit cards lol. The Ramsey show crew is invaluable in helping people get out of debt and setting up their financial future and I understand that the plan is one that is easier to follow for everyone, but for those that can use credit cards correctly they are a great tool and I personally just don't see the value in paying off a 2.375% mortgage early. Our mortgage payment with taxes is currently ~10% of our monthly income and even throwing $300k in a HYSA currently would earn more than the interest generated by the house on a yearly basis let alone other investments.

    Reply

  6. It's a good idea to have some gold as an asset. It's a better emergency fund than cash, which is literally owned by The Federal Reserve and loses at least 4-10% of its value every year. Gold is also recognized by every nation and has intrinsic value beyond its monetary value. Most billionaires own actual precious metals.

    Reply

  9. Thanks for this amazing information !! If you don't find a means of multiplying money you will wake up one day to realize that the money you thought you had, has finished investment is key, I pray that anyone who reads this will become successful in life

    Reply

  10. 12:30 to 13:50 um..caller…being a teacher is NOT the only way to make money.

    There is grass in Chicago also.

    There are plenty of food items you could deliver

    Not rocket science.

    Roll up your sleeves..swallow your pride and get to work.

    You're not above physical labor

    And your lady being sick..dude you could work part time. That's not too much

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  15. I hope the guy on Baby Step 7 decides to just give his WIDOWED sister a car. He said she is doing well with money. I don’t think it would be enabling. He wants to be generous to her and he shouldn’t feel guilty about it.

    George is doing a great job! Thankful for all the Ramsey team is doing.

    Reply

  19. The brother wants to help his sister and has the means to do it. She didnt even ask him for money, but he wants to do this for his widowed sister with three children. Live and give like no one else…i dont see the problem here.

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  21. Renting from your boss is Job security. If he fires you, he’s going to have to worry if you will still be able to make the rent payments.

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  26. Why can't Letisha who went to social worker College not use it?? But instead a CNA that makes less than social worker?? People need to use the degree they went to school for.

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  34. You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.

    Reply

  38. I'm trying to pay down my mortgage and Vystar credit union keep saying they haven't received my mortgage check and that it takes 30 days in the mail. I pay electronically I don't have the option to pay down my principal. The interest rate is too high to change banks.

    Reply

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