YOU fix you!
Question: Dave talks about something that he finds very disturbing. It has to do with people's attitudes toward Washington, and what they think will come out of there.
Dave Ramsey's advice: By and large, 70% to 90% of you wanted something to be done to calm the economy, but you didn't want $700 billion in new debt to bail out Wall Street. The stock market has had record declines since then. What's going on?
You need to remember that you need to take control of your life. It's disturbing that people in government totally disregard what the people tell them to do. It's disturbing that the market goes down and the media panics about this. It's disturbing that greedy banks made loans to people who couldn't afford to repay, and people signed up for the trip when they couldn't afford it. It's disturbing that Washington ignores its constituents and takes huge strides toward socialism.
All of these things are disturbing, but none will cause this great nation to cease to function. They are not the beginning of the end. But the most disturbing thing is some people's reactions. Don't react based on fear or panic. Another negative reaction is that you are looking to Washington to fix your problems. They have never fixed your problems, and you want Obama or McCain to fix things. There has never been a president who can fix your problems. They always say they can and they never can.
YOU are in charge of your destiny. YOU are in charge of your life. When you look to Washington to solve your problems, we've got the seeds to destroy this country. It's time for you to change your life. It's not Washington's job to fix what's going on with you. If you are waiting on Washington to change something, you've got a very long wait! It is YOUR job to take care of you. Don't sit around and watch TV and panic and think you can't do anything. I've made and lost money, and every bit of that had to do with me being smart and diligent or stupid.
Quit blaming Congress or looking to them to fix you. YOU have to fix you! When you wait on the government to fix your life and wait for money to be taken from others and given to you, that's a spirit of envy. The only system that works is capitalism functioning under moral restraint. Go be somebody!
taking care of some citizens with more of
tax-payers money. They are supporting the
illegal aliens and the deadbeats that refuse
to work.
Fix what's wrong at home, build up your own strength and be your family's leader. But don't forget that it's a government BY THE PEOPLE. If you don't participate, you lose. Congressional approval hovers at 10% yet 60% of us say OUR GUY/GAL is one of the good ones. Baloney. Let's work together until every last representative and senator who voted for this ridiculous piece of garbage legislation is out of office, whether he/she is in your district or not.
The list is here: http://clerk.house.gov/evs/2008/roll681.xml
Put down the remote, turn off the TV, load your gun, and take back your government.
I absolutely agree that we must take care of ourselves...the only thing I worry about with this bail-out is the drastic decline of the dollar in value; I think the whole Federal Reserve system is corrupt. That said, I'll just keep rollin' on with my debt snowball and working on the baby steps, and prayin' for the Good Lord's guidance, and vote for the best possible candidates. I plan to do my part and turn my own ship around.
call it. I recently moved and made sure I
registered to vote so I can vote the yahoo's
out that passed this. All the promises made and
I am still losing $1000's in my IRA. No big
surprise there. Thanks for straight talk.
off $34,000 since then. We own a small business with a loan through our local bank. Our next payment of
$5-7 thouand dollars will be to the bank for the business loan...we are scared to make that payment because
of the economy. We are asking for your help to decide if we should save the money in cash at home or make th
the payment to the bank?
This and little or no new card offers in the mail are the only things I can find positive about this bailout.
I had a sign in my yard for Norm Coleman for Senate(MN) and I have ripped that out after finding out how he voted. I am sick of politics as usual and will be showing it with my vote. Some candidates are not meeting my needs any more. Good bye Norm.
I had a sign in my yard for Norm Coleman for MN Senate. I have ripped it out and will not be supporting him is this up coming election. I am sick of politics as usual and will be showing it with my vote. Norm you SCUK!!!
in November! When will Washington wake up &
listen to us?
message they send to the general citizenship.
That message is, don't bother being personally
responsible for your actions because we will
get the responsible folks to fix your self-
created messes. I don't expect them to fix
anything, but many others do. How do you fight
against a governing body who consistently
justifies personal irresponsibility? Would a
presidential candidate running on a platform off
personal responsibility stand a chance? They
would not because the current representatives
and media would never allow that to happen.
No the government did not bail us out. We bailed us out. We have become a team with a clear vision and a plan. The plan is the TMMO. Our vision is independence and prosperity at all aspects of our lives. Since we took control of our finances on January 1st of this year we have prospered beyond belief. We have eliminated $40K of debt. We have taken our marriage and relationship to a level of peace and commitment that we never thought possible.
How did we do it…We are working, a lot. Many hours of overtime are our bailout plan.
As for the government bail out plan, I have sent every one of my representatives (they all voted for the bailout) an email assuring them that this will not be forgotten and I will vote against them with my ballot and my wallet.
Stop waiting for the government to bail you out and get a second job, bail yourself out. It feels great.
Troy and Joanne
FOR A HANDOUT FROM OBAMA OR McCAin(thats a waste of time).THANKS DAVE FOR TELLING IT LIKE IT IS!
I love it when you get on your soapbox and tell it like it is! If more people thought the way that you do, this country would be in much better shape. You and ONLY you are responsible for your life. If you're waiting for the government to turn your life around, you're going to be waiting a long, long time.
to what is being argued about......More Credit...mor
more borrowing......lets borrow our way out of
economic problems.......I will not speak for
Dave but hasn't he always spoke about buckling
down,,,,,getting another job,,,paying off ones
debt instead of trying to borrow more???????
Now I'm 70 with an ideal balanced portfolio
and no time left to fix anything!
The RMD should be recinded or at least allow
us to take our RMD tax free. You AARP guys out
there need to start making noise out there.
back that I have been giving the government over the last 25 years? If not they will give some of it
back to me in 20 years. Not to bad of an investment compared to Johnny financial advisor's offers
these days. Things will turn around. Dave, how is your portfolio looking these days? Where are you putting your millions?
The worst part of the whole thing is that people who live within their means, do the right thing and work hard year after year are then asked to shoulder some of the load for those who won't help themselves. People who bought beyond what they were capable of ever paying are now being told that the gov't is going to help them stay in their homes.
Voting for either party will yield the exact same results. Witness both parties disgraceful behavior during the bailout voting...
I only want them to leave me alone. This means stop taxing for things the gov should not be doing, and most especially, stop diddling in the economy.
You make a lot of sense. In a time when people in general seemed to have ignored their morals and substituted them with their greed and desire
to obtain "stuff" they don't need because the neighbor they don't know has the latest thing you have to have, your advice is like a sword
cutting through American's ignorance of money management.
I commend the work that you have done and continue to do. My family has been utilizing your advice to erase our debt and "live like no one
else so that someday we can live like no one else."
Thanks for your plan and for making sense! We got on the plan Jan '06 and became debt free a year ago. we're almost through baby step 3, and are not concerned about the economic crisis. we're poised and ready to ride it out. we just wish we were to the next step of investing!!! ;) keep it up!
I agree with what you say, but the unfortunate fact remains that we are still
governed by the assanine laws that they set in motion. Short of civil
disobedience, our choices are limited to what
we can do with our own financial resources. Try
withholding taxes because you don't agree on how
they are used and see how long it takes before you
are carted off to jail. There needs to be a grassroots uprising to protest
the system that is in place. And we all know how that would end as well. 1984
seemed like a bizarre notion when the book was written, it doesn't seem so science fiction any more.
Good comments. I am also furious with every single one of my representatives. I knew my congressman would vote for the stupid thing but really did not expect my senators to. To your credit, I called everyone of them and told them if they voted for it I would fire them. Well... I am now waiting to see who will run against all of them and those are the ones I am voting for!! Too bad..I really liked my senators but they did not do what I and a gazillion other people told them to do! Everyone needs to do the same with their reps as well if they voted yes. How dare they ruin my childrens future as well as their childrens!
If you believe in God, our only hope now is prayer.
(insert name of you member of Congress)
because they voted for the bail-out',
check to see if their opponent made any
statement agreeing with the bail-out!
You might be trading one bad apple for
another.
Maybe people will wise up. Thanks for making it so easy for us to contact our representatives.
Brad Remo
s for not taking care of themselves. Both for being stupid and acting stupid. Let throw our elected offici
all out with the bath water.
"Government: If you think the problems we create are bad, just wait until you see our solutions."
Tell the fat cats to cram it and stop bailing them out with YOUR interest payments on THEIR credit cards and other loan products.
Pull your money out of THEIR banks and deposit it into credit unions or solvent local banks. Vote with your dollars.
It's the only language they understand.
I am responsible for ME.
And goodness, I don't WANT the government to be responsible for me!
I want to let you all know how mad I am with all this "bail out" crap and mutual fund price reductions! I am somewhat panicing. But I'm
not mad and panicing in the same way most people are. My frustration is of myself not having the capital to load up on more "ON SALE"
mutual funds! Did you know within my 401K is a fund called Fidelity Megellan that went down from $105.00 a share to $50.00 a share? Yeah!
And here I sit, not ready to buy any more shares other than what's going in each week within my 401K weekly contributions! THAT, is what
I am most frustrated about!
Folks, have confidence in our great nation and know that our best and brightest companies are just marketing there funds at a deep
discounted price! I'll bet you that our nations "wisest common sense financial coach" is buying all he can right now!
Happy investing,
Archie
derivatives problem that has the global banking system on the ropes. If the warnings by the Fed, BIS,
and the IMF are not worth your concern, then I'm speechless.
Isn't Dave somewhat to blame for advising us to get into and play in a game that's clearly rigged? We're down 40% with no end in sight, no prosecution of the criminals on Wall Street, and no sign of a recovery. Think Japan, only worse.
C'mon Dave, isn't the buy-and-hold mutual funds strategy a thing of the past? Isn't it over for the Dave Ramsey's, Bob Brinker's, and Adam Bold's of the world?
This country has a reported $10T debt. If we ran a surplus of $100B per year, it would take 100 years to pay that off. That assumes we actually start.
Dow down 600+ with 15 minutes left in trading. Yikes!
bank and bury it in the bak yard?
Sorry, Mike, but I'm gonna have to vote against you during the next election.
in 2009 that could adopt at least one of the three steps. But Dave is right- the best action is to
take care of our own houses, act locally, and give of your mind and resources. Don't forget that many
fortunes have been made repeatedly over the decades when the big guys lost their nerve, sold out,
and gave us little guys the chance to buy massively discounted stocks, mutual fund shares, and
real estate. Big shots need cash to pay the "house" on their bad gambling debts. And if you follow Dave,
you will or now have the CASH to buy these and ride them back up and then sell them to the same goof
balls that play with algorithims, by on margin instead of just paying with CASH. KISS.. keep it simple
stupid- guess they were never taught that. It's our turn to take the helm! Dave Ramseyians Unite!
Dave why don't you run for President!?
Yes, the bailout package was 100% dead wrong.
They should have let the greedy leeches get crushed by their house of credit defaut swaps and credit cards. Sure it would have caused a financial tsunami - but we would have emerged from the deal on an even keel and gone back to dealing in cash like we're supposed to.
But you are wrong in saying the government can't make our lives better. They can, they just aren't doing it. They need to crack down on the greedy CEO's that walk out of a bankrupt company with a couple of hundred million that we the people who paid into mutual funds entrusted them with - instead of giving them another 700 billion for their spa retreats! They should have made every CEO who crashed a company repay the last 12 months salary and the last 60 months bonuses. The government can make our life better by protecting us from crooks - but for that we need to toss out all the crooks that are currently governing!
We need to let Congress know that we will not tolerate this kind of behavior. What happened to the Constitution that is not being taught in schools anymore. We need to stand up and fix our problems now. Then fix government.
of the word "economy" means the stability of
the family unit. When the family is stable
and makes good decisions and assumes
responsibility for their well-being then the
universal economy is strong. When we bend our
backs and lower our heads and look for others
for a hand-out then we're in a family unit that
is off-balance and not economically strong.
Financial healing in your family starts with
you taking hold of your situation, devising a
plan using "baby steps" and then executing
with gazelle intensity. With the grace of God,
it works and you'll be financially free and
economically strong.
Peace be still. TX
-repsonsible can take the reigns away from
those who are not. (Rhetorical)
themselves.
Keep up the great work, Dave! (You would make an *excellent* Secretary of the US Treasury)
Election 08
Dave Ramsey for Pesident (N-erd Party) TN
Go get'em buddy!!!
Nerds RULE!
Dang, I depend on spell-check to much!
and changing pork. He must have forgotten that he VOTED for the bailout that had a ton of those things
in it. That pretty much said it all to me. I absentee voted today and I went 3rd party. Just like Dave
says, it will take courage no matter what people say to do the right thing by voting people in or out no
matter what party they belong to.
I am very proud to be a recieptant to program
that is going to change my life.
I am not in a panic; because I know everything being and ends with me. If I am not the problem there is not solutions.
reasons why the stock market is in such total
disarray is because of senator obama. had you
said the same about senator mccain i would have
said this: you are so very wrong and somewhat
bias. please stick to what you know and stop
trying to influence your audience. i know that
i am only one person and not watching your show
for years, but i must refrain from something
i thouoghly enjoyed and profited from over the
years. please stay out of politics. so many
rely on your financial wisdom, unfortunately
i will not be one of them!!!!!!
Michael Lindsay
Endure Fort
graduating high school) and they are doing well enough that they just took a 30 year 2nd honeymoon vacation (that they didn't need to
borrow for). People taking responsibility for their own finances will lead to the economy being stronger...grassroots principles.
Delivering pizzas, newspapers, etc. for a second or third income would be feasible--if people were still ordering those items like they used to. What is your advice when one's husband has been looking for work for a year and every door not only shuts but SLAMS shut? What do you suggest when 5 times in 8 years, every company your husband has gone to work for has gone belly up? Clearly God is at work here and "the plans of man are not
succeeding." Not every one of us fits into your plan. Just some thoughts for you to consider. I know you have helped a lot of people but since we've tried to do it your way, we are now losing our house because we haven't made enough to pay our bills in the last year. Perhaps this God's plan and He will be glorified despite us not having financial independence.