Financial Peace University Preview: part 1

[wakemeupintwenty]

my channel, also very good advice, dave is great! i've read the total money makeover. sub to my channel!

[ashleylaqua]

Everything he says works my husband and I will be debt free in December of 2012 we are 25 and 26 . I can;t wait, we have the home study kit and I love having it to go back and reference when we might fall off.

[rosariofan101]

does anyone know how much the market has averaged in 2011? because in my intro to finance class and it was made it 2008 and in 2008 apparently averaged 12% and im not sure its even 10% 2011

[mcclurn11]

I have a friend who is 30, makes only $11.00 an hour at a nursing home and has almost 80,000 saved up in a mutual fund. He follows the principles laid out by Dave. One time we stopped at Burger King and I got a meal that was about $8.00 and he couldn't believe I spent that much.

[bschlach]

I was turned off by Dave Ramsey in < 1 minute. You see I work for the airline in the service industry. What a jerk thing to say.

[Csimmons1267]

@bschlach Because it's obviously not a joke that EVERYONE says. Airlines are notorious for bad service, let's be honest here.

[Samadhiatman500]

Dave Ramsey is the man!

[phxsmallfry]

5 people arent sick and itred of being sick and tired

[1096u518gy6d6s]

His plan works, I paid off over $53 k in 35 months and am debt free because of ti.

[USSWISCONSIN64]

@1096u518gy6d6s nice job man.

[matrix86]

I gotta admit that I had trouble getting started on his program. But when I did, I ended up saving $200 a month ($2400 a year) just on food! Still having trouble with paying off those pesky student loans, but i'm not in a position anymore where I have to defer them either. Cut back on the cable and cell phone, started shopping at thrift stores, and now my savings account is growing. By the time my daughter turns 18, she won't have to get student loans like I did!

[gotcha2ic1980]

debt is dumb cash is king! It works but its hard work

[commoditiesRforme495]

@gotcha2ic1980 debt is dumb cash is trash! Preying on the poor is easy work so says Mr. Ramsey

[ridehardmc]

@romanmir01 Sounds like someone has a axe to grind. Do you envy Mr Ramsey? Motivation is the key.

[commoditiesRforme495]

@ridehardmc nope....just simply saying he is no ivestment guy just a book salesman

[ryanmshepard92]

I'm watching this in school for Business Math. I'm only 18 years old and haven't started saving any money yet. This guy's technique makes a lot of sense, but I need someone with experience to tell me, does it really work? And if not, then who would be a better financial expert?

[commoditiesRforme495]

@ryanmshepard92 Go read Peter Shciff's book on How the Economy grows and Why it doesn't. With this book as a foundation you shouldn't have a problem with investing. OH and read as many books as possible on these guys.......Marc Faber, Jim Rogers, and Nourel Roubini..Hope this helps.

[ryanmshepard92]

@commoditiesRforme495 Hey thanks, I've actually heard of Peter Schiff and agree with his basic economic views. I'll check out the others as well.

[pleasesellmyhouse]

@ryanmshepard92 you should read the step on super saving. there is a scenario regarding compound interest that is very eye opening especially since you are 18/19 years old.  I've known people who follow Ramsey's plan and they weren't hurt like many others over the last few years. I would highly recommend it for the foundation of your personal finances. Best of luck.

[commoditiesRforme495]

Dave ramsey is nothing more than a get out of debt guru.... thats it!!!! he doesnt know jack crap about investing or how the economy really works... If you want someone to listen to that can really help. Peter Schiff

[23baker23]

@commoditiesRforme495 go fuck yourself

[23baker23]

@commoditiesRforme495 dont watch the video if u dont like him

[ryanmshepard92]

@commoditiesRforme495 True, but that's exactly why people watch him. To get out of and stay out of debt. And I completely agree about Peter Schiff.

[ernunnos]

@commoditiesRforme495 I agree, but many people need to get out of debt. Listen to Dave Ramsey to build a foundation, and get back to ground level. Then go to Peter Schiff and Jim Rogers for advice on how to build on top of that.

[avidalocan]

Hey Dave - how about incorporating a smidgeon of Zen Buddhist philosophy in your work, such as "it is the giver who is thankful".

[drusso71]

this man is a genius

[ppardee]

@376Susan:

Or you could just take the Financial Peace University class and learn now to live like no one else so later you can live like no one else.

Many church groups will help you pay for the classes, or even pay for them outright... can't beat that price!

[hachiroku33]

fail.

[redpoint5]

@King

1.Rich people live like they are poor, and poor people live like they are rich. I would not take financial cues from a bum because they are the worst with money. If they aren't spending money on an addiction, they are spending it on restaurant food.

2.Bankruptcy is theft; why would anyone promote it?

3.Saving money by being thrifty doesn't sound stupid to me, however your examples of being thrifty are absurd.

Your comments lack substance, which is evidenced by your many thumbs down.

[Chupa606]

I've taken the class and in 2 yrs, have paid off right at $40k of debt...it works only if you work the plan and want to get out of debt... I had stupid debt and debt that happened because of things beyond my control....Dave showed me the way and I will be out of debt in the next few months... taking this class will be the BEST thing you can ever do or recommend to someone who needs financial help..... decreasing debt will decrease lots of stress....

[MegaWeagle]

King you obviously know nothing of bankruptcy, otherwise you to would never recommend it to anyone ever! It is one of the hardest things I have ever seen anyone get through and it follows you for many many years! This is why he doesn't recommend it genius! When your broke busted and disgusted, you will understand why he is so important to so many people! Its a way to get a life we always dreamed of FREEDOM baby!!!!

[caltrop69]

Minimum wage is more than enough. You're the spoiled brat who can't live with 5 roommates.

[cloudsurfer007]

Financial Peace University offers solutions that do not apply half of the USA. Problem is that Ramsey assumes employment is constant, and income is stable. NEITHER IS TRUE IN TODAY'S ECONOMIC DOWNTURN. If one cannot project income (true for the self employed, unemployed, or partially employed) then budgeting is meaningless. So is income growth, investments etc What Ramsey needs to focus on is helping people generate income and avoid exploitation! Young people today must reinvent the economy.

[gvsucavie03]

If you really looked into his program, you would see forms specifically for self employed or irregular income and also DOZENS of sections regarding unemployment and when times "get tough." If you had no debt and $10,000 in an emergency fund, a job loss would be a mere inconvenience while you spend a few months searching for a new (possibly better and higher paying) job.

[byee099]

Can you deliver pizza? They are always hiring... I just called.. There are always ways to generate income even if they suck... but you have to do what you can for your family.

For these people who have lost their job, are in the process of losing their, and still have debt, Dave answers their specific questions with on his show. If you can't get a job in that area you are in, MOVE. Short sell the house, sell that car that has a 15k note on it and get beater.

[andrewtlocke]

you have no idea what you're talking about. Dave has programs specifically designed for the self-employed. and to the unemployed, the first thing he'd recommend is: get a job, or three. it isn't that fat times of the late 90's anymore people.

[andrewtlocke]

I work a FT job and a PT job to make my ends meet and to have some left over. I failed to do this and relied on credit cards for the first ten years of my marriage, and we almost lost everything - with four kids. DUMB. take matters into your own hands. the government isn't going to do anything for you, at least, nothing that won't financially bury your children and grandchildren. get a job, then, get another. WORK. Dave's plan works, it takes some time, discipline, perseverance and patience.

[Redstick27]

There are Mexicans walking through deserts to come clean toilets and cook food in this country.

There are ALWAYS JOBS. If you think you are too good to do any of these jobs then be prepared to live like a slave the rest of your life.

[lsnows]

I couldn't agree with you more. If it weren't for those people, America would be less than what it is now. The Mexicans are today what my ancestors, the Irish were 150 years ago.

[lpbl2004]

Good point, I do believe that there are jobs that Americans would do, like construction...

[jwingnut1]

We are in week 4. Good stuff.

[randomnum2]

Dave is extreamly funny! go to fpu! and he teaches you how to be a billionaire!

[musicgeek3]

we are going into week 3 of FPU and it is awesome !!!!!!!!!

[Israelsvette]

If you live like no one else, you can LIVE like NO ONE ELSE!!

Thanks Dave!!

[aibocoqui]

He escuchado los 4 CD's de Dave Ramsey 4 veces y poco a poco voy asimilando sus principios para la tranqulidad financiera. Guarde mi fondo de emergencia de $1,000. Ordene mis deudas de menor a mayor. Ya saldé la primera y lo que pagaba en ella lo estoy poniendo en la segunda. Tengo 60 años y creo que aun a mi edad esos principios son utiles. Si Dios permite voy para 100 asi que tengo 40 años aun para arreglar mis finanzas a mi favor.

[Soulquarium]

I owe nothing on my credit card, and I just paid off my mortgage on my house!!!! I am now putting 20% of my take-home into a retirement account. I am only 28 years old, but I get it Dave. My wife and I are living extremely below are means right now(cheap cars, little house), and life is still just as great, plus I love how my retirement is just getting bigger and bigger. I plan to retire at 60 and move back to Hawaii. Thanks for making that happen Dave.

[melgar1942]

Simply awesome man! You're really motivating me now!

[ddiiaa52]

common sense..so right.

[heatherdm1]

Dave could get the U.S. out of debt. We should all listen and do as Dave did.

[musicgeek3]

just like the "debt snowball" its up to us that are in teh plan or done the plan and are debt free to snowball the tmmo and fpu and those who are on baby step 7 who can give $ away buy a few copies of teh book and give it to friends or people who have no idea about Dave Ramsey tell them to listento his radio show send them videos from you tube , to watch fox business channel and get them into fpu its up to us to "Snowball" his plan.

[katbret]

THANKS DAVE! WE are now leading our FPU in SA TX! PASS IT ON!!

[GraceyAli]

In FPU now...This is AWESOME stuff! You do see a light...you do think about what your spending your money on...try this out! I can't say enough about it! :)

[bbbokkk]

i was talking to my 17 year old nephew matt about saving money the other day..he just got his first job..i told him to simply save 10% of every penny he makes and he'll be in great shape at a young age..he said "my teachers rave about dave ramsey and i had to read his books in school"..matt then said "i dont see what the big deal about dave ramsey is , everything he says is just common sense"..matt's mom(my sister) and dad have 2 suvs and a big house..they are bankrupt without my parents help!!!

[ckfaith]

I'm 12000 down in my debt thanks to dave!! 40000 more to go.

[navigator72]

$30K gone in 6 months, thanks to Dave Ramsey

Debt free and loving it

[niceguy999918]

I am going though it right now, and man is it hard to get started but I can see a light at the end of the road.

[flwrgrl41]

I went through this course, it was INCREDIBLE! It was soooo worth it! He has "been there, done that", and he just wants to help keep others out of money trouble. Love it, Love it! :)

[proudfilipina23]

he is a very smart guy and very funny too

[spmandmtgr]

but dont we as humanbeang have a boundery in are brain that tells us this turth and that is not thurth what I am geting at is I thank theres more thurth out there then just 2%

[glenn619]

Ow... my head hurts.. ow.

[wyo7011]

Huh?  I don't understand.

[Tressom]

Huh?

[Stangmar]

His personality reminds me of Bill Engvall. He is awesome.

[whitekid3]

this dude is a freakin genius