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Dave Ramsey: 25 Things POOR People Waste Money On! FRUGAL LIVING 2023 ? Financial Independence ?

Frames Dave Ramsey: 25 Things POOR People Waste Money On! FRUGAL LIVING 2023 ? Financial Independence ?

Description Dave Ramsey: 25 Things POOR People Waste Money On! FRUGAL LIVING 2023 ? Financial Independence ?

Comments Dave Ramsey: 25 Things POOR People Waste Money On! FRUGAL LIVING 2023 ? Financial Independence ?

2/25, could be better and I'm working on 1 of them Cooking more at home; I'm single and it's hard to cook for 1 all the time Smoking is another issue Comment from : Robin Dartt

Hi Comment from : Billy ray Ervin

I'm sorry, but living in Northwest Ohio I'm buying bottled water I'm not sure what mutation I will get if I drink tap water that comes from Lake Erie The thing that was draining my money was Doordash As a gamer it is often easier to have food delivered, but it adds up with all the added fees, and tips food delivery has Comment from : Mark S

I am poor and I don't spend money on anything that is mentioned here I am extremely frugal I survive and i have money in the bank But I would like to buy my own home I don't buy new clothes only used, don't by any coffee out or food out cook my own healthy food Am on Keto which is saving me money and my health since I only eat 1-2 meals a day fasting in between Comment from : Louise Nilsson

Never get auto pay Most utility companies will raise the prices slightly monthly and you won’t catch it Comment from : Brian Hamilton

You only need 2 million to retire No risk return is $80,000 / year Comment from : Brian Hamilton

Could you tell me what "stream line service is? Can you use what it instead of cable? I pay $200 a month for cable, phone and internet combined I remember when TV was free Just needed to put an antenna on the roof and there was no internet Of course without internet I could not send you this note Comment from : Jean

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point Comment from : Jennifer Tubbs

buy smokes from the res problem solved Comment from : Skidly_Finley

I have a friend that is really frugal He also has multiple properties (in California), has lots of cash, and is set to retire at 54 He makes over $100k/year from his job, but that’s not big money in California I’m cautious with my money, but not nearly as frugal I pay off my credit card at the end of every month and have been doing so for over 25 years I will also be retiring in my 50s but in another country where living is much less expensive My point? You don’t have to be extremely frugal, enjoy your money, and still end up ok as long as you’re responsible Comment from : lmcc007

Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week Comment from : Anthony Ava

The problem we have is because Most people always taught that " you only need a good job to become rich " These billionaires are operating on a whole other playbook that many don't even know exists Comment from : Emily Nora

I'm living exactly this way Still not rich!😂 Comment from : Livi Foss

Tap water is dirty Comment from : Google TV

I prefer to use cash Comment from : Matilda Maher

Americans shopping Moto " shop till you drop" Rich people have debts also!!some people think, " you only live once" Kredits- use it and abuse it😢 Comment from : Jamie Mc lin

Let's face it: poor people usually don't have credit cards and gym cards Rich people usually know best where the poor can save money imagining their own wasteful lifestyles Poor people don't have things to sell and they don't buy brands new clothes and they don't go to eat dinners in expensive restaurants If they did, they could have spared money On the other hand rich people are invited for dinners for free, they have tax advantages subventionized by taxes from poor people Comment from : Hana Hudcova

What about gambling brSo many poor people brare addicted Comment from : Geoffrey Totton

I spent $90 on a frozen pizza today, no wonder I’m poor Comment from : Daniel Johnson

POVERTY TRAPS MEbrbr1) Impulse Purchases Neverbr2) Unused Gym Membership Nonebr3) Late Payment Fees No Paymentsbr4) Expensive Coffee Never had cpffeebr5) Restaurants VERY seldom, never expensivebr6) Cigarettes Never tried itbr7) Credit Card Debt No credit cardsbr8) Bottled Water Travel Oonlybr9) Cable TV Nonebr10) Expensive Phone Plan Flip Phone for $30/monthbr11) Brand Name Clothing Nonebr12) Extended Warranty Neverbr13) Unused Subscriptions Only subscription is ad-free YouTube which I use it every daybr14) Alcohol None for four decadesbr15) Junk Food Snacks Two meals/day - no snacksbr16) Excessive Vehicle I buy used cars and have them rebuilt by ahighly-skilled, exoerienced, and trusted mechanicbr17) Fashion Nonebr18) Unused Gym Equipment Nonebr19) Nongeneric Medications No Medicationsbr20) Excessive Data Plans $30/month for flip phonebr21) Unused Gift Cards Nonebr22) Home Decor Nonebr23) Impulse Upgrades Nonebr24) UnnecessatyStorage Unit No Storage Unitbr25) Beauty Treatments None Comment from : Jose Stickman

I was in total agreement with everything until the last statement I need my beauty treatmentslol Comment from : Sherrell Boonstra

You earn money because other People spend Comment from : Krzysztof Więcaszek

Its the pleasure of having a nice coffee i know all the staff where i have coffee and sometimes lunch and my late husbsnd used to lunch their every friday When he died very suddenly they gave me bunches if owersbrWho said the british are aloof Comment from : Tennis Kinsella

Theres a happy medium Comment from : Tennis Kinsella

I use credit catds no problem if y pay it off fully each monthbr I pay by direct debit but i also use cash and now and again a cheque as i dont wsnt cash or cheques to disappear Cheques can be handy Sometimes charities grandchildren Comment from : Tennis Kinsella

Smoking drinking subscriptions to netfixsome people have all this but consider themselves poorbr Dare i say it some people havrnt got their priorities right Comment from : Tennis Kinsella

Free government cell phone clothes I have to wash once a week so I can't afford these clothes smh Comment from : tina anderson

Majority of these saving tips I'm already doing for a long time now I do use a credit card though, for rewards w/c i redeem for credits back to my statement or for cash and of course i pay off the balance every month I cut my cable and my tvs are back to antennas, i downloaded streaming apps w/ no subscriptions, there's quite a lot of movies & shows that are free in them I only buy Starbucks using giftcards i get on holidays or birthdays I hardly buy clothes or shoes and if I do, usually from Ross or Marshalls w/c are heavily discounted My mobile phone is prepaid & use only for travel, the rest i use wifi & magicjack landline $50/yr My house is almost paid off & we're still driving 2 10+yr old fully paid reliably good cars and we can afford to travel internationally every year Just sit down & go over your expenses & see what you don't need & stop or reduce! It's not hard Comment from : travel nomad

$399 for a coffee at Ihopbrbr$1699 for the sampler breakfast brbr$129 for sprinkled cheddarbrbr$228 tax brbrPaid $2455 for breakfast plus they want a tipbrbrAlmost $30 for a breakfast I could've made at home for roughly $6 Comment from : YT Premium

It's so easy for rich farts to tell people "stay within your budget" when your "budget" only allows you to eat ramen noodles everyday Instead of saying that, why doesn't recommend to people to fight for their rights and demand a fair wage system in this country so you don't look like a slave all the time! This is nothing but population control so they don't tear up his mansion while holding pitchforks and torches! And before the haters start with the assumptions, I'm going to be retiring very well, thank you very much, and early too It's this disdain for the poor that irritates me when this guy fools them into thinking everything is fine, so deal with it while I sell you courses on how to deal with a situation you don't deserve Comment from : Ken Tichy

Do rich people and middle class people waste money on this shit too or just the “poor” people you like to mock? Comment from : Ellen Courtney

When your home is free and clear and no car payments you can retire live frugal Comment from : Anna Knittel

I refuse to drink tap water Bottled water is the only thing I’ll drink Comment from : Jack

Whats considered poor ???? Comment from : LOUHA₩K 559

Ramsey was blessed by being born into a wealthy family That’s why he’s rich today Comment from : Billy Rock

Buy luxury goods like Louis Vuitton goods😊 Comment from : Harry Wild

Buy high quality that will last you decades It's worth spending a little more For example a Lexus, is worth it if you drive it until the wheels fall off A smart man buys a highly maintained well taken care of used one Comment from : Cecilia Abdalla

Stop drawing Comment from : Paul Campise

Trouble is a lot of people dont earn enough but ya still need 2 replace clothes shoes replace things in ya home when broken etc i have a 10yr old car needs stuff mending the list goes on and on Comment from : julie Buchanan

Did you get Dave Ramsey's permission to use his ideas? Comment from : Space Coyote

I despise this "I am pretending to draw" Format Comment from : Space Coyote

We use a credit card for our everyday expenses Literally everything Balance is paid off every month and we save the cash back for vacations / holidays Comment from : TheScablander

My wife and I struggled through early marriage with kids on a single income by being frugal brbrIt began on our wedding day We eloped rather than pay for an elaborate wedding Modest ring Didn't need a honeymoon All the money we saved went towards our first home brbrWe rarely eat out, which includes taking my lunch to work Only buy used cars and keep them as long as possible Our highest car payment was our first car when we did buy a new car But we've never paid more than $357 a month on a car note brbrShe's constantly searching for less expensive services like insurance, and cheaper deals for everything We used to cut coupons Garage sales were a help early on We avoided late fees by being weeks ahead on our bills brbrI'm four years shy to retirement and we've spent thousands of dollars over several years rebuilding and remodeling our home We aren't rich, but this recent economy hasn't hurt us brbrDiligence is the key Comment from : Mike

Dave is popular because people are stupid, they don’t know where their money is going and they need someone to hold their hand like mommy use to Growing up in a home with parents that grew up during the depression and migrated from Oklahoma to California during the dust bowl (grapes of wrath style) makes you appreciate every dollar you earn As far as his list of 25 I have cable and have two autos which I purchased new when I retired several years ago, worked 55 years and now I’m going to enjoy what I worked and saved for all debt free including home Live is good! Comment from : Ron L

i agree with most of this, however after the pandemic, and the incredible amount of food-flation i cant say that the delta between cooking for yourself and going out is that big for the average restaurant, its about 25 not to mention the time savings Also car leasing isnt that bad of a deal if you dont drive too much but still drive enough you need a car, and dont maintain the car yourself car maintenance is super expensive, most people dont do it right to get the most life out of their cars in the first place so a lease where every 2 years you get another isnt all that bad Now buying these stupid expensive EVs thats dumb lol $20k will buy alot of gas Comment from : Mike L

My favorite thing…is you ain’t poor? Poverty level? You are not buying Starbucks Trust God Fully Comment from : Gayle Jackson

Anyone dumb enough to live like this deserves it Comment from : gowd sake

Tl;drbrYou have less in life because our society values THIS stupid thing and not this stupid thing I will also make moral assumptions and pretend that these factors aren't genetic and inescapable Comment from : Clembo

BOGATAŠI TROŠE NA SKUPE AUTOMOBILE ,HRANU ,PARFEME ,ALKOHOL ,DROGU ,PSE ,DIZAJNERSKU ODJEČU IOBUČUITD Comment from : Leptir71

All extremely good advice that no one will listen to Comment from : hifijohn

Do not go after the coffee and tell people to drink it at home The whole reason to go out for coffee is to get out of the house and socialize Comment from : Mystery Buyer

Hey America could you imagine paying $50 for a packet of cigarettes? Would you give up smoking Guess what they still smoke like chimneys here in Australia We pay the most for cigarettes in the whole world Comment from : Stellandamo

Inspiring Comment from : Elizabeth Foote

I gotta say I hate gift cards Wasted money period people lose or don't spend all of it, which is easy, etc Boycot getting for self or friends/family Such a wastebesides make- up/beauty products and clothes for women Comment from : HM collectibles

#23 - I've seen high school kids with the latest or almost the latest smartphones; especially big ones My thought is that I just get what I need If I need a big iphone, just get what I need If I need a big smartphone, just save the money and get a refurbished ipad for more that 50 of the cost No worries on that Aren't smartphones suppose to be small and compatible? Comment from : Manuel Valencia

Lottery tickets are a tax on the poorbrAutomobile ownership: Go the last owner routebrService the car yourself? buy service parts when on third-world vacation Way cheaperbrJack, the Japan Alps Brit Comment from : Jack Black

Ok number 8 is not smart if you live in a city, do not drink city water, the only time it's safe to drink from your sink is if you have your own well Comment from : Maite Ibanez

I pay $4-$5 for a haircut depending on the day I get it as a senior and a veteran instead of $10 I do this by going to a beauty school If your family has kids and you or your partner is willing to do a basic haircut, clippers cost $30 is cheaper than eight of my haircutsbrWe visited Dave in April 2011 having gotten debt free I retired a year later and have a six figure portfolio Comment from : Martin Walker

People spend way too much on grooming, hair, nails, pedicures, coloring, eye brows, intimate grooming, such a waste Just do all your own grooming and put that money in savings Don't spend money on take out, tattoos, sitting in a bar, buying downloads, food while you're out from gas stops it's just dumb I really don't get the expensive coffee thing either Too may people wanting to look like celebrities with their clothes, hair and coffees Celebrities are miserable people Comment from : Gather, Create, Live with Leslie H

“Live like the pathetic piece of shit you are” - Dave Ramsey Comment from : John Lenin

He needs to have his Fascio-Capitalist face smashed in Comment from : John Lenin

Oh so it's my espresso that's keeping me poor 😂😂 Dave Ramsey is a joke You wanna be rich make more money and spend less money what's that? You already save as much as you can after paying for rent and food? Well have you tried being homeless? That's about as good of advice as Dave will give you while also voting for politicians who will cut taxes for the rich and services for the poor like i said Davey is a joke Comment from : nyce611

Are these tips meant for morons I mean, if you can't figure these out on your own there's not much hope for you anyway Comment from : Joe Fisk

You forgot tatoos Every homeless person I've ever seen is covered with tattoos Not only is that ugly, but it's visible proof of a lifetime of bad decisions Comment from : Aimee Cowan

Make my coffee at home , I eat at restaurants rarely Comment from : Rod Terrell

This article reminds me of a dear friend now deceased His family was old money and his net worth was in the millions Yet he had endearing frugal habits He owned only two sports coats And when i would meet him for breakfast he would carefully write down what he spent in a little spiral notebook he carried in his pocket Yet when our church needed money for something costly like repaving the parking lot he would whip out his checkbook and write a check for the entire amount Comment from : Serah Loeffel Roberts

These seem like tips for people who are bad at money management, not people who are actually poor Comment from : Tiegrsi Designs and Studio

Dude Tap water has been poisoned with flouride and other chemicals Spending electricity to distill it pure is an expense like most dirty bottled water Comment from : Seeer

I have a lot of credit card debt HOWEVER, ALL of it is ZERO interest, and I have both the intent and the wherewithal to pay off ALL of it prior to the expiration of the zero interest period In the meantime, I'm putting the money that I would otherwise be paying it off with in a high interest savings account So I am making money Comment from : Altair3750

Poor people have cheap stuff strewn all over their yard Comment from : Hubster

Here in NM, medical appointments can often be over a hundred miles away My brother and I used to eat at restaurants- a waste of money Now I insist on packing our own food and on the last trip, using a 12 volt heated lunchbox my brother bought me for my birthday Bravo- a hot meal on the road for pennies instead of paying for overpriced meals I also have a discount membership at a gas station called Speedway- the discount allows me to earn points towards rewards as well as paying less for gas I shop at thrift stores for outer clothing and buy under clothing new Electronics are purchased as refurbished and paid for in cash I'm saving to buy a vehicle and pay cash for it- NOT paying interest "Rent to own?" Nope Comment from : Tina Gallagher

Sorry, Dave, nobody trusts tap water anymore We have to buy bottled water Comment from : Dragon’s Life

I'm pretty sure Dave Ramsey or the creator of this video has never actually talked to someone who is poor None of these things are specific to poor people In fact, I would say that they are more indicative of middle class or lower middle class because people have to have at least some discretionary spending in order to buy gym memberships, expensive coffee, cable television or extended warranties Moreover, most of these things that are considered wasteful spending is still wasting money if you are rich If you are buying a gym membership and not using it and you are rich, it's still wasting money and probably more of it because the rich person probably bought into a boutique gym The same with brand named clothes and alcohol Whereas a "poor" person might buy a cheap 40, the rich person will buy expensive scotch Also, most poor people are not buying expensive upgrades to their car They are usually just praying that there junker doesn't crap out of on them or a tire blows A flat tire to someone who is middle class or rich is a inconvenience A flat tire for someone who is poor, and who cannot replace it right away, could lead to them losing their job Lastly, a poor person could cut out all of these things and they would still be poor None of these things have anything to do with the leading causes of poverty in the US which are a poor economy, lack of affordable housing, substance abuse, lack of education and medical bills Maybe Dave Ramsey and the content creator should actually talk about what "really" makes people poor in this country instead of fluff pieces like this that try to imply that people are poor solely because of these habits and instead talk about the real structural reasons why individuals are poor I know, not as easy to do and most people won't watch it, but at least the content would be accurate Comment from : sunshine merlot

Food, housing, a vehicle, child care What a pompous a!! The problem is inflation and people being paid below a living wage If minimum wage had kept up with inflation it would be over $20 an hour now yet many folks today are happy to get even $20 per hour Millions are making below what should be minimum wage and have to work 2 jobs to keep a roof over their heads The reality si that today people can not afford to have children, can not afford a house, yet the do it which is where all the debt comes in Comment from : A Clem

I'd be damned if I drink flouride water from my tap Comment from : Frank Glover

One of the biggest things poor people waste money on is lottery scratch off tickets Comment from : Frank Glover

As far as beauty treatments, go, the texture of the skin under your eyes is that the same as a skin on your hands, legs, or the rest of your face That means you can’t use the same moisturizer all over your body that you can on your face Comment from : En Jay

I am sorry, but skimping on cheap food is not a good option It’s usually highly processed or very starchy and that affects your health That’s not worth skipping on or getting the least expensive You don’t have to buy everything organic, but you’re better off buying good quality, cuts of meat and fish and poultry, rather than the cheapest out there which is going to be filled with hormones, steroids, and other things Comment from : En Jay

1) impulse purchasesbrbr2) unused gym memberships brbr3) late payment feesbrbr4) expensive coffeebrbr5) excessive dining outbrbr6) cigarettesbrbr7) high interest credit card debtbrbr8) bottled water brbr9) cable tvbrbr10) expensive mobile phone plansbrbr11) brand name clothing brbr12) extended warrantybrbr13) unused subscriptionsbrbr14) alcohol brbr15) convenience store snacksbrbr16) excessive vehicle expenses (especially leases)brbr17) fast fashion brbr18) unused gym equipment brbr19) non generic medications brbr20) excessive data plansbrbr21) unused gift cardsbrbr22) unnecessary home decorbrbr23) impulse upgrades brbr24) unnecessary storage unitsbrbr25) expensive beauty treatments Comment from : Jeff T

If you don't waste a little money here and there, the money will waste you It will become your god, and will ultimately destroy you Ever talk to a millionaire?brThey're typically pieces of shit Comment from : M M M

Follow Sam Walton (founder of WalMart): for years he drove his 1955 Chevy pickup truck-it gave him cheap reliable transportationWarren Buffet lives in a house he bought 55 years ago Comment from : Gene Kelly

You still pay for internet ontop of netflix Comment from : travis moore

I am willing to bet most people watching this video are over 50brbrBecause most of us millennials have basically no disposable incomebrbrWe’re poor because the system has been set up by boomers to benefit themselves brbrThe reality of it is that we have worked much harder than boomers and are getting far less brbrAnd y’all distract yourself and make yourself feel better by watching Dave Ramsey talk about how the poor people are responsible for why they are poor Comment from : Scooter Girl

No one cares what Dave scammer Ramsey says Comment from : My Email

I’m a penny pincher that has been loosing weight I like that coffee cuts my appetite I’m always amazed on how much money people spend on those sugar coffee drinks with all that whip cream etcanyways I found out n started getting PANERA Sip club It’s literally unlimited drinks everyday it’s only 11$ a month After getting jus 3drinks it pays for itselfplus When hubby or kids r out n about they pick up my drinks I don’t hav to b with them they jus use my cell number the membership is registered to I get about 2-4 large ice coffee’s a day I feel bad wasting plastic so I asked if I could reuse my cups they said u can use any cup I order on appand send my kid inside to fill up my cups you can go through drive thru too I’ve use my free drinks while on road trips too They r betting u will buy something off menu but I’ve had sip club for four months and haven’t given into temptation yetidk what their food taste like at all But hubby have in 2x😒 had to stop sending him to pick up my order for a min😂 he weak Comment from : Stephanie mama tree

He forgot to mention giving money to the church They’re already rich and don’t get taxed Comment from : Sarah Freeman

If you didn't waste $40 dollars per day, you could have saved billions - Experts Comment from : uhadme

Tap water is toxic here where I live, so that's a no-go Comment from : Azteca

How about making the 1 who control 80 of wealth pay way more in taxes and stop blaming the working class for wanting and getting a damn cup of coffee? How asinine Comment from : In the Vault

When I find things I want on Amazon I add it to the cart and wait a minimum of 5 days before I buy it Comment from : Huckleberry

Surprised tattoos aren’t on the list! Comment from : Bruce Franklin

Dave Ramazai for President !! Comment from : Charles Edwards

I thought I was going to see Ramazai not sme pimple Pete drawing on a sketch pad words of advice I want Ramazai Comment from : Charles Edwards

I don’t spend money on any of that and have paid off everything Comment from : Oldesouth Farm

Came to this video thinking I have to have at least 5-8 points that I can still save more money from, but I had absolutely none of these problems in my life Maybe as a result I am slowly and surely starting to accumulate wealth brbrThe only thing I had was unnecessary tech upgrades earlier this year which cost a ton, but learnt my lesson soon after and decided that I won't be doing it ever again To me having a lot of money in the bank account equals safety and freedom, and to have that, budgeting everything under the sun is the way to go Comment from : ptt1982

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