Dave Ramsey Brilliantly Explains How to Build Wealth | KOSHER MONEY

Psst, do you want to build wealth? Who doesn’t? But what steps do you need to take to accumulate money? What common mistakes do people make that cause them to fall behind? We visited Dave Ramsey in his studio in Franklin, Tennessee to explore his famous Baby Steps and how millionaires are made. We hit him with some awesome questions throughout our very compelling 40-minute discussion. We saved some fun ones for the end. You're gonna enjoy the advice he shares. ✬ DAVE'S MENTIONED LINKS ✬ • The 'Total Money Makeover' book walks you through the Baby Steps: https://www.amzn.to/3G6fMVa • The 'Baby Steps Millionaire' book teaches you how Dave invests and builds wealth: https://amzn.to/3W2TQjv • The EveryDollar Budgeting App - https://ter.li/5cs2h1 (In the first month of using the app, most users cut monthly expenses by nearly 10%. Dang!) ✬ SPONSORS OF EPISODE 77 ✬ ► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get your account here: https://thedonorsfund.org/koshermoney ► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney ► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! ► IT'S SLIME TIME! Nope, this isn't a paid ad, but check out their story in the outro of this video and visit https://www.instagram.com/itsslimetimeusa to see pics. You can contact Chavy at 646-515-5845. Kudos, sisters! CHAPTERS: 00:00 Coming Up  00:45 Intro 01:24 How Is Dave Doing? 01:41 How The Baby Steps Began 04:24 The 7 Baby Steps Explained In Under 4 Minutes 07:48 Beyond The Baby Steps 08:39 How Millionaires Are Made 09:38 How to Put Money Into Retirement PRACTICALLY 11:39 The Beauty of Automation 12:33 Sponsor: The Donor's Fund 13:58 The Wisdom Behind A Emergency Fund 16:50 High Yield Savings 17:21 Priorities in Budgeting (Private School Tuition) 21:17 Borrowing Money for a Bar Mitzva?! 25:03 How Kids Pick Up on EVERYTHING 25:26 Sponsor: Twillory 27:12 Home Buying Advice 33:48 Buying vs. Renting 35:22 What Dave Tells People Who Don't Wanna Budget 38:36 Sponsor: Colel Chabad 39:47 The Effect of Budgeting  43:15 2 Pieces of Advice for 25-Year-Old Dave Ramsey 45:15 If Dave Ramsey Was In Charge of the USA's Finances 47:18 How Cool Is This Story? 48:53 Outro and Helpful Links Love Living Lchaim? You can help us! Your tax-deductible donation enables us at Living Lchaim to share uplifting & insightful content! » https://www.livinglchaim.com/donate (THANK YOU!) Follow Kosher Money for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim for More Goodies: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/ WhatsApp feedback to 1-914-222-5513 All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or actual life advice. #koshermoney #KosherMoneyPod #daveramsey #money #investing