![\"Dave](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/09\/1757516679_945_Dave-Ramsey-headshot.jpg\")
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\n \u00a9Dave Ramsey <\/p>\n
Commitment to Our Readers<\/p>\n
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years Trusted by 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.\u00a0<\/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<\/p>\n Buying a Home Before Marriage<\/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.\u00a0<\/p>\n Instead, he recommended purchasing a house with a spouse after the wedding.<\/p>\n Upgrading a Car After It\u2019s Totaled<\/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<\/p>\n Taking on Student Debt in Low-Paying Careers<\/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![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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