THINK America! - Dave Ramsey Rant

Look, here's the deal. Your number one tool for creating wealth is your income. All of the millionaires we interviewed, unless they inherited the money, which is very few, less than 10% of them inherited the money and they did it by saving and investing. income they didn't give their income to Sallie Mae they didn't give their income to Best Buy don't be fooled and give their income to Lexus and Toyota and Ford and General Motors and American Distress and Master Card who named that anyway it's one thing Math, when you give your income to someone else, you no longer have it.

Hey, this is difficult, this is difficult, right? and when you give up your income you have given up your financial future all for shit for a stinky apartment - look for the sign and let me tell you this is the deal you know about how many people start college, how many graduate, 52% It's an investment in my future, said the other 48 percent who are sitting at home without a damn degree, but jeez, they have student loan debt and you know how you get rid of Sallie Mae, or pay it off in full, or you die, that's the only way that woman leaves, she's not broke, it's not an investment in yourself to borrow, even if it's an investment we don't borrow money for investments we don't borrow money for investments I don't teach the people to borrow money the borrower is a slave to the lender that's what this math says when you give up your income when you give up your income you have nothing all the money goes in all the money goes out but by God we're sitting counting our Discover points oh we have miles aerials Oh Sallie Mae has been with us for 15 damn years in our guest room all because I called him an investor and I don't understand why he's bad, he's bad because he's stupid and the normal 70% of nuts live paycheck to paycheck, that It's stupid because you live in one of the richest countries the world has ever known.

And there you sit like a rat in a wheel, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run , run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run , run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run , run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run, run , run, run, people's ability to do critical

think

ing is almost zero, good sir, they are good.

Air miles said that no millionaire is ever really a millionaire. I bet with thousands and thousands of millionaires. I've never met one who said, "You know, David," I made my money on my airline miles. All those Discover points helped me financially. Hey, let's do the math, you know, you get a thousand dollars back from Discover, you spend a hundred thousand, how can spending a hundred thousand to get a thousand back makes you rich? Where did you get your calculations? class, this is really absolutely ridiculous, but everyone is counting their dad points and everyone is trying to figure out some way to get them.

I'm hitting Chase. He checks your Chases by kicking your butt. His buildings are bigger than yours and his furniture is nicer than yours. By now you should have an idea of ​​the rug and I have a larger rug in your down payment. The average car payment in America is now $499, that's suspiciously like five hundred dollars if you take five hundred dollars a month and invest it for years. You will be between 30 and 70 years old. Would you believe it? You'll have over five million dollars and you'll scratch your head and wonder why you're broke. God, you know what your children's students are.

It's no wonder your students have student loans. because you're driving a million dollar car, two million three million dollars, that's what it's costing you with your stupid car payment to impress someone all the way to the stoplight you'll never meet and the things that sink and fall. They value like a rock, we have to stop them. and

think

about America, you have to think instead of sitting around eating bowling and watching Oprah reruns. This is stupid, we are fat and broke because we don't have the ability to do critical thinking and we don't stop and look at what we are putting. our lives, this is crazy, it's completely out of control, I mean how many people I've talked to today with twenty-five and thirty thousand dollars spent on their stupid car, it's a car, my God, it's a car, is it? what are you doing?

It takes you from here to there. Keep in mind that you have a twenty-five thousand dollar car. All my cars cost over twenty-five thousand, but I paid for them and they are a very small percentage of my life, a very small percentage of my income. think, think, think seriously, then, credit cards, stupid, stupid student loans, stupid car payments, stupid on steroids, borrowing money for your house to put granite countertops, someone should hit you, that's stupid, it's stupid, you have to stop and think again, it's because you're killing yourself. you make enough money to retire as a millionaire or billionaire, you make enough money so that your kids have a fully funded college fund and can go to school without being part of the damn student loan crisis, but jeez, you had to have a boat of bass, so you're thirty-two thousand dollars in debt because those fish were chasing you.

God thinks, thinks, thinks, stop being adults. children walking among adult friends. adults divide the imeem. children walking around adult friends. plan and follow it kids do what feels good this ridiculous impulsive nature if we think we're going to borrow for wealth it's out of control guys we gotta stop this it's killing you it's killing you well I'm sitting over here hoarding money like It was nothing and some of you are sitting there, broke wives and then you go borrow money on a bus, oh geez, I'm seriously going to kill you. I'm going to go get a student loan and invest in myself, yeah, you're going to spend a hundred and forty thousand dollars, go into debt and get a degree in left-handed puppetry, that's just bubblegum dad, stupid, it's just stupid, you have to think that the people you have to think about stop giving their most powerful. construction tool it's your income you're making everyone else mad Fink Hey guys, thanks for watching, if you enjoyed this video click the subscribe button to get the latest content and check out these other great clips from the show .