{"id":45991,"date":"2025-08-05T02:17:17","date_gmt":"2025-08-05T02:17:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/45991\/"},"modified":"2025-08-05T02:17:17","modified_gmt":"2025-08-05T02:17:17","slug":"dave-ramsey-says-youre-not-broke-because-you-dont-make-enough-youre-broke-because-you-give-your-income-to-everyone-else","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/45991\/","title":{"rendered":"Dave Ramsey Says, ‘You’re Not Broke Because You Don’t Make Enough. You’re Broke Because You Give Your Income To Everyone Else’"},"content":{"rendered":"\n

Personal finance expert Dave Ramsey isn’t sugarcoating it. In a recent post on X<\/a> and segment on \u201cThe Ramsey Show,\u201d he laid out exactly why so many Americans are struggling financially.<\/p>\n

According to Ramsey, the problem isn’t your paycheck. \u201cYou’re not broke because you don’t make enough. You’re broke because you give your income to everyone else,\u201d he said.<\/p>\n

Ramsey pointed to credit card bills, car payments<\/a> and student loans as the main reasons people are stuck living paycheck to paycheck<\/a>. \u201cEvery payment is money that you could be using to build wealth for yourself instead of making everyone else rich,\u201d he wrote.<\/p>\n

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In the video clip, Ramsey let loose. \u201cCredit cards<\/a>, stupid. Student loans, stupid. Car payments, stupid on steroids,\u201d he said. He also criticized homeowners for borrowing against their homes to upgrade things like kitchen counters. \u201cSomebody ought to smack you. That\u2019s stupid.\u201d<\/p>\n

Ramsey emphasized that your income is your most powerful financial tool. But if you give it away every month, you’re giving up your future. \u201cWhen you give your income to someone else, you don\u2019t have it anymore. And when you give your income away, you have given up your economic future all for crap,\u201d he said.<\/p>\n

Ramsey offered a simple but strict plan to stop the bleeding. First, he said to make a zero-based budget and \u201ctell every dollar where to go on purpose.\u201d Next, he urged people to cut their debt aggressively, using what he calls the debt snowball method<\/a>. Finally, he advised against financing anything and said to \u201cpay cash for the things you buy.\u201d<\/p>\n

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He said most millionaires he interviews did not inherit their wealth. \u201cLess than 10% of them inherited the money. They did it by saving and investing their income. They did not give their income to Best Buy.\u201d<\/p>\n

Story continues <\/p>\n

Ramsey also called out a lack of critical thinking around money. \u201cWe\u2019re fat and we\u2019re broke because we have no ability to do critical thought and we don\u2019t stop and look at what we\u2019re putting into our lives,\u201d he said.<\/p>\n

He also highlighted how common it is for people to take on massive car loans that weigh down their finances. \u201cThis is nuts. It\u2019s nuts. It\u2019s completely out of control,\u201d he said. \u201cI mean, the number of people I\u2019ve talked to just today with $25,000 and $30,000 owed on their stupid car. It\u2019s a car. Good God, it\u2019s a car.\u201d<\/p>\n

He concluded with one message: Think. \u201cThink, think, think. Seriously.\u201d<\/p>\n

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Image: Shutterstock<\/p>\n

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This article Dave Ramsey Says, ‘You’re Not Broke Because You Don’t Make Enough. You’re Broke Because You Give Your Income To Everyone Else’<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Personal finance expert Dave Ramsey isn’t sugarcoating it. In a recent post on X and segment on \u201cThe…\n","protected":false},"author":2,"featured_media":45992,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,32172,6897,4190,133,131,132,32171],"class_list":{"0":"post-45991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-car-payments","12":"tag-credit-cards","13":"tag-dave-ramsey","14":"tag-finance","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-student-loans"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/45991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=45991"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/45991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/45992"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=45991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=45991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=45991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}