Do You Have More Debt Than the Average American?
3,135
Published 2024-07-29
About this episode:
Do you find yourself playing the comparison game when it comes to your money? Well, in this episode, I'm going to show you a smarter way to measure your financial success that’ll get you on your way to winning with money.
Next Steps:
▶️ Watch Best Way to Pay Off Debt Fast (That Actually Works): • Best Way to Pay Off Debt Fast (That A...
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Listen to more from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/nrgexc
💡 The Rachel Cruze Show ⮕ ter.li/gyh9k6
🍸 Smart Money Happy Hour ⮕ ter.li/ruezqk
💸 The Ramsey Show Highlights ⮕ ter.li/yc3i4v
🧠 The Dr. John Delony Show ⮕ ter.li/sii4ha
💼 The Ken Coleman Show - Highlights ⮕ ter.li/nbekmn
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All Comments (21)
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We're 100% debt free and no longer slaves to debt. Instead of paying banks we're paying ourselves
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I’m 100% debt free and it feels amazing. It changes your way of thinking about life and everything.
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I'm debt free and I just lost my job but thanks to the baby steps I'm not freaking out because of it
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It’s wild to see how people can even live like this racking up credit card debt. I’d rather suffer and starve than go into debt!
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Lol! The horse in the thumbnail!😂
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I’m in baby steps 4-6. I sleep easy at night.
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I've paid a lot of mine off and still have just a little bit left. And I feel like I have lost my motivation lol. I'm def trying to get it back. I'm taking a vacation in Oct and spent the weekend making changes so I could save money. I am going to get there!!
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Baby step 6, plan to be done in 2-3 years with the mortgage! Currently 33 y/o.
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Before watching the video...I have zero...am I average? ETA...no, no I'm not...
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It has taken some time, but we have no debt other than a 4% mortgage with a $137k balance left. It's getting paid off this year, 22 years early, and we'll still have a 24 month HYSA emergency fund. Our 401k, HSA, Roth IRA and Index Funds are still getting funded. Yes I know there are opportunities to invest more, but we want peace of mind before we have a child.
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The horse sent me 🐎
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Nice shout out to Holiday World! 😂
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So married households are 209k on “consumer debt”? PLUS Mortgage?
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I will confess, I am Dave-ish (more of a YNAB-er). Zero debt outside of the mortgage, paid off all outstanding consumer debt including CC and student loans before purchasing our home. However, we do still use credit cards and pay the balances off in full every pay period so that no interest is charged. Crazy thought, but if you treat it just like any other line item in your budget, you can make sure it's easily managed... 7:54
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Is a home mortgage debt?
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Holiday World is amazing. Worth every penny.
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Kamel Kamel Kamel!!!
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Love it
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wouldn’t the median be more appropriate than the average? i feel as though outliers would drastically skew this data.
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How can i claim my Garfield phone since i won?
