Do You Have More Debt Than the Average American?

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???? Start your free budget today. Download the EveryDollar app! – https://ter.li/ptfggl

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): https://www.youtube.com/watch?v=w4Kbq0VJEhY&t=155s

???? Net Worth Calculator: https://ter.li/ey06xx

???? Order George Kamel’s new book, Breaking Free From Broke: https://ter.li/b3chhl

Offers From Today’s Sponsors:
This episode is sponsored by Tello, a mobile service plan designed to save you money. Go to https://www.tello.com/George for $5 off your first month of Tello’s unlimited data plan.

This episode is also sponsored by Laurel Road. ???? Open a high-yield savings account and make your savings work harder for you. Check it out here: https://www.laurelroad.com/george

Listen to more from Ramsey Network:
????? The Ramsey Show ? https://ter.li/nrgexc
???? The Rachel Cruze Show ? https://ter.li/gyh9k6
???? Smart Money Happy Hour ? https://ter.li/ruezqk
???? The Ramsey Show Highlights ? https://ter.li/yc3i4v
???? The Dr. John Delony Show ? https://ter.li/sii4ha
???? The Ken Coleman Show – Highlights ? https://ter.li/nbekmn
????EntreLeadership ? https://ter.li/81tcjn

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Comments

@alexsteven.m6414 says:

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

@DoubleMaduagwu says:

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@frankalexander5401 says:

How do I compare to my peers? No mortgage debt, no credit card debt, no school loan debt, no car loans ( just bought a new Lexus and Mercedes in CASH). I don’t borrow money and owe nothing to anyone or any institution!!! I must be weird (weird as in MAGA)!! ????????????????

@LindaCampbell-f4n says:

Thanks to Wendy Lee Olson, I just hit 400,000 this month. Thank you for all the knowledge and great experience you have given me over the past few months. I will always follow in your footsteps!

@laportafrank says:

The last time I invested in a stock that did extremely well was during Covid when I invested in Moderna & zoom and I am so sad that I missed out on Nvidia. I have $360,000 in cash and am looking for new sectors to invest in for the next five years. Any suggestions?

@scoutandscooter says:

Property taxes – $20,000. Property insurance – $12,000. 3% mortgage $8,000. Ramsey wants you to pay off you mortgage. Put your money in a "solid mutual fund at 12%". If I followed his advice I would have lost Millions.

@TheMattis63 says:

This is a bad link. I have the Every Budget Dollar account already but the link didn’t give me the option to calculate my net worth. Only to do my monthly budget

@isaacl6402 says:

Way to get info wrong lmao. Direct from Experian: "The average total debt per person reached $104,215 in 2023, according to Experian data, an increase of 2.3% from 2022. That figure includes various types of debt, including mortgages, credit cards, car loans and student debt." It was 2023, not 2024. Also the figure did include mortgages. In the video, you said it did not. AI generated content content out the ass with 2 back to back ads on every video. Blocking this channel. Advise to anyone else: Just watch the Dave Ramsey highlights channel and find other youtubers to get financial information from like Humphrey Yang. Way better and more genuine

@tridoc99 says:

Great video, especially when you activated everyone’s Siri????

@mbnesbitt says:

Jerome Powell literally said it on 60 minutes (maybe indirectly but anyone watching this gets it). Let's keep that aside. Everyone should have BTC in their portfolio.

@OlgaBrynda says:

Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.

@gonegolfn07 says:

we are so cooked as a country. No one owns anything and everyone owes on everything.

@OscarSchneegans says:

Sell the horse! It doesn't even know your name!

@CHENTIA4735 says:

$2 million mortgage in US, $500k mortgage in China, 400k line of credit for business and $35k car loan.

@kvgolfa says:

I'm $2.5 million in debt but make $600k a year because of it. Well not because the house, but my dental degree and dental office. But yeah no credit card debt or any type of consumer debt

@justynfogarty6209 says:

I cant believe Native deodorant sticks are 13$ now

@matthewtaylor7935 says:

I'm 33. 130k house mortgage, 170k student loan. With 40k in bank. Cars paid off and 800 in roth. Started at 450k debt after chiro school. Working on mortgage currently due to save act making paying extra on student loans pointless.

@Michelleyoung-dq3zc says:

Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…

@EtherBunny-z7k says:

I came out with about $190k in student loan debt (after paying off undergrad), and the ROI was absolutely worth it. BUT, I definitely agree that in many cases it probably isn’t -like for my friend with a geography degree…

@Ranebow48818 says:

did you actually eat all those tums though?

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