{"id":143738,"date":"2025-09-09T09:29:15","date_gmt":"2025-09-09T09:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/143738\/"},"modified":"2025-09-09T09:29:15","modified_gmt":"2025-09-09T09:29:15","slug":"3-dumb-money-mistakes-people-make","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/143738\/","title":{"rendered":"3 \u2018Dumb\u2019 Money Mistakes People Make"},"content":{"rendered":"\n

We all make mistakes when it comes to personal finance<\/a> and leading financial expert and best-selling author Dave Ramsey highlights several of them in a YouTube video<\/a>.<\/p>\n

While the name of the video may be a little off-putting, it\u2019s important to note that Ramsey frequently talks about his own \u201cdumb\u201d money mistakes from his younger years, including declaring bankruptcy.<\/p>\n

For that reason, he has dedicated his career to helping as many people as possible overcome debt and achieve financial wealth. Here are Ramsey\u2019s top money mistakes<\/a> mentioned in this video.<\/p>\n

Read Next: Dave Ramsey Says This Is the Best Way To Pay Off Debt<\/a><\/p>\n

Check Out: These Cars May Seem Expensive, but They Rarely Need Repairs<\/a><\/p>\n

Ramsey explained that, in his experience, it\u2019s a significant financial risk for people to purchase a house<\/a> with someone they are not married to. He explained that it becomes very complicated and costly if couples break up and own such a significant asset together. Ramsey said that he has had collars in this exact situation and the outcome is typically expensive and stressful.<\/p>\n

Instead, he recommended purchasing a house with a spouse after the wedding.<\/p>\n

For You: I Made $10,000 Using One of Dave Ramsey\u2019s Best Passive Income Ideas<\/a><\/p>\n

Ramsey said another mistake many people make is upgrading their car after an accident, especially when they can\u2019t afford it. Ramsey explained that if someone were driving a $6,000 car, for example, then that means a $6,000 car works for them. If they are involved in an accident and receive a check for the car\u2019s value, many people end up upgrading their car, which can lead to financial stress.<\/p>\n

Instead, he recommended that people try to find a car with a price close to the one they were recently driving and save up cash if they want to upgrade their car in the future.<\/p>\n

Lastly, Ramsey advises being mindful of the career paths associated with a chosen degree. He said too many students borrow a significant amount of student loans<\/a> for careers that don\u2019t enable them to earn enough to live and pay them back simultaneously. He strongly suggested that students consider their earning potential before borrowing money for college<\/a>.<\/p>\n

Currently, there is $1.8 trillion in outstanding student loan debt in the United States, according to the Education Data Initiative<\/a>. Remember, there are many ways to make college tuition more affordable, including attending a community college first or finding a workplace that offers tuition reimbursements.<\/p>\n","protected":false},"excerpt":{"rendered":"We all make mistakes when it comes to personal finance and leading financial expert and best-selling author Dave…\n","protected":false},"author":2,"featured_media":143739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,6906,155,53089,147,530,89347],"class_list":["post-143738","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-car","tag-dave-ramsey","tag-money-mistakes","tag-personal-finance","tag-personalfinance","tag-youtube-video"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/143738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=143738"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/143738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/143739"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=143738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=143738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=143738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}