Student Loans

Best Way To Pay Off Student Loans Reddit – How Dave Ramsey's Baby Steps Cuck You

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Best Way To Pay Off Student Loans Reddit – Highest Rated?

I am the financial nerd Dave Ramsey warned you about. Here’s a link to the video I mentioned: https://youtu.be/nCbP27dl73E

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[See link at end of video]

Dave Ramsey’s Baby Steps will keep you broke, doesn’t matter which order you do the steps in. Step 2: the debt snowball cucks you on interest. This is not the student loan advice we should be giving college students. You don’t get to invest until Baby Step 4. This video will show you why Dave Ramsey is dead WRONG about a great many things. Even if you make 59k a year, you will never break free from the middle class. Financial freedom can only be obtained when you lie to people about the returns you can get from mutual funds, and lie to people about what is a good retirement drawdown rate. Here in this video, I do Dave Ramsey’s advice for 44 years and it doesn’t make me rich, it just makes me old. It leaves you broke and cucked. Paying off your mortgage early is horrible advice, especially in this low interest rate environment. Don’t wait to invest, invest and then wait. Don’t decrease your expenses, increase your income. But Ramsey never says that, because he wants to sell you bluepills, he hawks the financial version of comforting lies. Do not close out your credit cards. Get more credit cards, increase your credit score.

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40 Comments

  1. michael ramirez
    July 27, 2021 at 3:08 am

    You must be the worst employee cause you left the income at 59,000 for 44 years

  2. Rob Nos
    July 27, 2021 at 3:08 am

    you have no idea what you're talking about. this video is straight up stupid.

  3. Peter Watson
    July 27, 2021 at 3:08 am

    You are nuts, give Dave Ramsey a call, you are fooling yourself, people don’t listen to this Guy

  4. Tyler Jackson
    July 27, 2021 at 3:08 am

    Ah, to be young and dumb. 😂

  5. live_from_215
    July 27, 2021 at 3:08 am

    Great video bro!!! Love it!!!

  6. Raj Nair
    July 27, 2021 at 3:08 am

    I saw his face…and i knew…he is this tiktok gen silly kid…knows nothing about finance…poor boy

  7. TonyTalks
    July 27, 2021 at 3:08 am

    Success only works when you do

  8. Selvaggi Consulting
    July 27, 2021 at 3:08 am

    David Ramsey was born into money, so it's pretty awesome when he tries to "educate" others on money. He will also sell you TERM LIFE INSURANCE!!!! hahahaha!!! what a scam artist lol

  9. Kevin Gonzalez
    July 27, 2021 at 3:08 am

    This kid is spot on. Other than the “debt snowball” which is the gold standard for paying off debt, Dave Ramsey is a charlatan and nothing more. Many people who have trusted him for financial advice have now jumped off of his bandwagon in light of the confirmed scandals at Ramsey solutions. Financial planning is not “one size fits all” and yes, although it takes DISCIPLINE to achieve wealth, someone who makes 20k a year cannot follow the same plan as someone who makes 200k per year. I used his “debt snowball” to pay off debt and collections a few years ago and then left his ongoing advice behind. I am now building my retirement residence and even though I am not paying cash for it, I was able to lock in a 2.5 percent interest rate because of my great credit. Had I followed Dave’s way, I would have lost out on this opportunity plus the 50k equity that my soon-to-be home has already gained.

    Dave in a lot of ways has become a “cult leader” and the “proof is in the pudding” as they would say given the ongoing federal investigation. His die-hard followers are nothing more than “sheep” and Dave will leave them at the side of the road like “roadkill” when it’s all said and done.

  10. J & I Bb
    July 27, 2021 at 3:08 am

    What a Maroon. I chuckled, but with some sadness.

  11. Frank Shanks
    July 27, 2021 at 3:08 am

    Retiring a millionaire is wealthy

  12. Frank Shanks
    July 27, 2021 at 3:08 am

    I learned to stop taking medical advice from my mechanic years ago. So I’m not going to take financial advice from some kid. I’m going to take it from a multi millionaire.

  13. Indiana Prepper 2
    July 27, 2021 at 3:08 am

    Uhm he tells everyone not to get a collage loan lmao that’s not his baby steps

  14. Titus James
    July 27, 2021 at 3:08 am

    Well he said live a below average lifestyle when you're young so your numbers are actually very off. You used average, not intentional.

  15. Titus James
    July 27, 2021 at 3:08 am

    A generous 8% apr gee golly. Do I get a cupcake with that too?

  16. Titus James
    July 27, 2021 at 3:08 am

    Congrats man you did it. You follow your advice, I'll follow Dave's. Race you to a million.

  17. Joe Valdez
    July 27, 2021 at 3:08 am

    Come on Walt Jr…

  18. dota running wild
    July 27, 2021 at 3:08 am

    Dave recommends jc! Dumb dumb

  19. Natt
    July 27, 2021 at 3:08 am

    He teaches to not go in debt so you lost right in the beginning

  20. drcatrinaking
    July 27, 2021 at 3:08 am

    Good video, but there are a couple of flaws in your assumptions. For one, once your house is paid for, you no longer need the same amount of income to retire. You can retire on a lot less – essentially the cost of your taxes, insurance, food, and utilities. That number is usually WAY less than a mortgage payment. Also, wealth building requires discipline. There is some validity to the idea that if you don't have the discipline to pay off your debts, you don't have discipline. The opportunity cost point you raised is a good one, but consider that most people lack the kind of discipline it takes to double an investment through business – this usually takes a lot of hard work and time, which most people lack the discipline to give.

  21. joshua bray
    July 27, 2021 at 3:08 am

    You forgot to adjust for pay raises

  22. Michael Hunt
    July 27, 2021 at 3:08 am

    Bonus points for Earthbound sound effects!!

  23. Tina Fackler
    July 27, 2021 at 3:08 am

    First of all Dave NEVER TELLS YOU TO GET STUDENT LOANS!! It's only $175,000 ??? I could buy 10 houses for that!!!

  24. Dylan Rose
    July 27, 2021 at 3:08 am

    24 yrs old $250k net worth. No debt except $80k left on a house we bought with our 3 kids 2 years ago worth $265k. $65k paid off in 4 years. NO COLLEGE. 😘😘😘😘

  25. Sandra Acosta
    July 27, 2021 at 3:08 am

    La gente que sigue los pasos no es “average” esa es la premisa… ahorran…

  26. JonQpublic0311
    July 27, 2021 at 3:08 am

    This kid is hilarious. My dude is giving a wealth speech in his Corolla. I’m 18 months in on step 4, 5, 6.
    People literally call in monthly as millionaires.

  27. InsideOutside UpsideDown
    July 27, 2021 at 3:08 am

    This is the worst impression of Ferris Bueller i have ever seen….

  28. General Lee Irritable
    July 27, 2021 at 3:08 am

    I'm going to take the advice of someone successful, not someone making videos from his car. Good luck!

  29. Tony Bryant
    July 27, 2021 at 3:08 am

    so if this kid knows more than Dave Ramsey, so much earlier (what is he 21-25), than how come he isn't rich. Where are all his books and where is his staff? Why is he taping this from his car, or mom's car, rather than his office or tv studio?

  30. Gaurav Varma
    July 27, 2021 at 3:08 am

    Well Ramsay never said you need to take a loan to go to college with zero income so your calculation doesn’t make sense at all. You got it all wrong, sorry.

  31. B M
    July 27, 2021 at 3:08 am

    THIS KID IS A FINANCIAL WIZARD! MY GOD!!

  32. Clark Kent
    July 27, 2021 at 3:08 am

    Your fudging the numbers and selectively listening.

  33. kelvin tran
    July 27, 2021 at 3:08 am

    You could just not have student loans

  34. Luis 'Jr' Aragon
    July 27, 2021 at 3:08 am

    Most ppl in america that are 62 year old don't have $1,000 for an emergency…. Dude i hope this video is a parody…..

  35. Amy Ismail
    July 27, 2021 at 3:08 am

    🤣🤣🤣

    Viewer beware.. I don’t think he’s actually watched Dave Ramsey. So much was taken out of context.

    This video is cringe worthy.

  36. Gabe
    July 27, 2021 at 3:08 am

    If you spend 3800 on beans and rice in a year idk what to tell you.

  37. Gabe
    July 27, 2021 at 3:08 am

    What would save Ramsey say about your schooling? Don’t unless you can pay it.

  38. C Hipp
    July 27, 2021 at 3:08 am

    Are you going to have a segment where people who have followed your plan have become millionaires and call in to tell their story? Dave's plan is not glamourous and there are faster ways to make money, albeit at a higher risk, but it is a solid plan for the average person/family to gain financial independence.

  39. Susannah Jones
    July 27, 2021 at 3:08 am

    Are you living out of your car or your moms? Looks nice 😂

  40. PacoTaco0404040
    July 27, 2021 at 3:08 am

    You know you can get a nursing degree at a junior college for about $5000 (for the whole two years nursing program + 2 year AA/AS). Work as an EMT while going through nursing school and make 30-40k working 2x 24hr shifts and studying the other 5 days and come out ontop right?