THINK America! - Dave Ramsey Rant

look here's the deal you're number one wealth building tool is your income all of the millionaire's that we interview unless they inherited the money which is very very few of them less than 10% of them inherited the money did it by saving and investing their income they did not give their income to Sallie Mae they did not give their income to Best Buy they don't get screwed around 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 a mathematical thing when you give your income to someone else you don't have it anymore huh this is hard this is hard isn't it and when you give your income away you have given up your economic future all for crap for a stinking flat-screen for sign and let me just tell you here's the deal you know of the number of people that start college how many graduate 52% that's an investment in my future said the other 48 percent that are sitting at home with no freaking degree but by god they got the student loan debt and you know how you get rid of Sallie Mae you either pay her off in full or you die that's the only way that woman goes away it's not bankrupt able it is not an investment in yourself to borrow even if it is an investment we don't borrow money for investments we don't borrow money for investments I don't teach people to borrow money the borrower is slave to the lender that's what this math says when you give up your income when you give your income away you have nothing all the money comes in all the money goes out but by god we're sitting around counting our Discover points oh we got airline miles Oh Sallie Mae's been with us for 15 freakin years in our spare bedroom all because we called it an investor and I don't understand why it's bad it's bad because it's stupid and your normal 70% of the pecans are living paycheck to paycheck that's stupid because you're in living in one of the wealthiest countries the world has ever known and there you sit like a rat in a wheel run run run run run why because student loans are an investment and I'm going to Best Buy this is just stupid it's stupid on steroids really seriously you've got to stop and think the level of people's ability to do critical thought is almost zero good lord are good airline miles said no millionaire ever really millionaires do I bet with thousands and thousands of millionaires I've never met one that said you know David I made my money with my airline miles all those Discover points broke me through financially hey let's do the math okay you know you get a thousand dollars back from Discover you spend a hundred thousand how does spending a hundred thousand to get a thousand back ever make you rich where did you take your math class really this is absolutely ludicrous but everybody's counting their dadgum points and everybody's trying to figure out some way I'm getting them I'm beating up on chase check your chases kicking your butt their buildings bigger than yours and their furniture is nicer than yours you ought to have a clue by now at the carpet and I got a carpet bigger in your house payment some of you average car payment America now is $499 that's suspiciously like five hundred bucks if you take five hundred dollars a month and invest it from age 30 to age 70 you'll have would you believe it you're gonna have over five million dollars and you scratch your head and wonder why you're freaking broke God you know what are your kids students that no wonder your students have student loans because you're driving a dadgum million dollar car two million three million dollar car that's what it's costing you with your stupid car payment to impress somebody to stoplight that you will never meet and the things going down and value like a rock we have to stop and think America you have to think instead of sitting around eating skittles and watching Oprah reruns this is stupid we're fat and broke because we have no ability to do critical thought and we don't stop and look at what we're putting into our lives this is nuts it's nuts it's completely out of control I mean the number of people I've talked to just today with twenty five and thirty thousand dollars out on their stupid car it's a car good god it's a car what does it do it takes you from here to there now mind you having a twenty five thousand dollar car all of my cars cost more than twenty five thousand but I freaking paid for them and they're a very small percentage of my life a very small percentage of my income think think think seriously so credit cards stupid stupid student loans stupid car payments stupid on steroids borrowing money on your house to put granite countertops in somebody ought to smack 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 a millionaire or a multi-millionaire you make enough money that your kids ought to have a college fund fully funded and they can go to school without being part of the freakin student loan crisis but by god you had to have a bass boat so you're thirty two thousand dollars in debt because those fish were out running you God think think think quit being grown-up children walking around in grown-up buddies adults divide imeem children walking around a grown up buddies adults devise a plan and follow it children do what feels good this ridiculous impulsive nature if we think we're going to borrow our way into wealth is it's out of control guys we've got to stop this it's killing you it's killing you well I'm sitting over here piling up money like it's dadgum nothing and some of you are sitting there broke wife and then going over to borrow money a bus bah oh geez I'm gonna kill you seriously I'm gonna go and get a student loan and invest in myself yeah you're going to spend a hundred and forty thousand dollars and go in debt and get a degree in freakin left-handed puppetry that's just dad gum stupid it's just stupid you have to think people you have to think quit giving your most powerful building tool away it's your income you're making everybody else wrench 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 [Music]

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Id: K1usdOW4RyI

Length: 7min 5sec (425 seconds)

Published: Wed Oct 26 2016