Dave Ramsey’s Speech Will Change Your Financial Future (MUST Watch!)

A *spending habit* refers to the consistent, often unconscious, patterns of behavior you develop around how you use money to purchase goods and services. It's your regular way of deciding what to buy, when to buy it, and how much to spend.

Here's a breakdown of key characteristics:

1. *Patterns & Repetition:* It's not about a single purchase, but about repeated actions over time. (e.g., buying coffee every morning, shopping online when bored, always opting for premium brands).
2. *Often Automatic/Subconscious:* Many spending habits happen on "autopilot" without much conscious thought or budgeting. They feel routine.
3. *Driven by Factors:*
* *Needs vs. Wants:* Habits form around both (e.g., habitually buying groceries vs. habitually buying new clothes).
* *Emotions:* Spending to cope with stress, boredom, sadness, or to celebrate.
* *Triggers:* Specific situations, feelings, or times that prompt spending (e.g., payday splurges, browsing sale emails).
* *Values & Beliefs:* What you prioritize (e.g., convenience, status, experiences, frugality).
* *Lifestyle & Environment:* Income level, social circle, advertising, accessibility of credit.
4. *Can be Intentional or Unintentional:* Some habits are conscious choices (e.g., consistently saving 10% of income). Others develop unintentionally and can be detrimental (e.g., impulse buying at checkout).
5. *Impact Financial Health:* Your spending habits are a major determinant of your overall financial well-being. They directly affect:
* Your ability to save and invest.
* Your level of debt.
* Your progress towards financial goals (like buying a house, retiring).
* Your financial stress levels.

*Examples of Spending Habits:*

* *Positive:* Meal planning and grocery shopping weekly, automatically transferring savings, researching before big purchases, sticking to a budget.
* *Negative (or potentially problematic):* Daily expensive coffee runs, frequent impulse buys (online or in-store), consistently spending more than you earn, relying on credit cards for everyday expenses without paying the balance, "retail therapy" to cope with emotions, always upgrading to the latest tech.

*Why Understanding Spending Habits Matters:*

* *Self-Awareness:* Identifying your habits is the first step to taking control of your finances.
* *Financial Goals:* You can't reach savings or debt-reduction goals without aligning your spending habits with them.
* *Budgeting:* A budget is only effective if you understand and can manage your habitual spending.
* *Changing Behavior:* Once you recognize unhelpful habits, you can work on replacing them with more beneficial ones.

In essence, your spending habits are the "how" behind where your money actually goes, revealing your financial priorities and behaviors, whether intentional or not. Understanding them is crucial for taking charge of your financial future.

Had a bar and got f@#%€& by even my close friends
Got debt first time in my life

In the red figures € 52.000,-
Got two jobs 2 years and 2 months debt free

Got some money in the bank
Looking for infesting don’t know how yet

This gentleman and his advices buzz with me would like to help people with their first steps but in Europe you’re not allowed tot help

Finding my way

STOP YELLING good advice is still good advice said at normal tone

This is a lot

For new investors Buy stocks in solid companies like i did with my $270k and hold them as long as they stay strong. Ignore forecasts and market opinions they’re distracting at best and useless in the long run

I am 35 and watching this now! Started on the emergency fund and will clear my car loan in over a year. I had this urge to spend my paycheck as soon as it came. Now I'm controlling it but still have urge to buy stuff on Amazon. 😢
Will update you all in a year

Guys like a fresh glass of water on a hot day. Thanks for sharing. Made an impact with me today.

This is fantastic

It's not over till you quit yes I say amen to that, and I don't want the storm of fighting for financial freedom to be over. You know and if it means saving is the right start, for us who are starting small then I will never stop saving. You know and if investing is the right way to go, for those who's life savings tell's them that now you can start investing. So that you can grow financially and be financially free, then I urge them to start investing and if they feel like not investing their money. I just want them to know that they are saving backwards, and those who's savings are increasing will come and liberate themselves from their financial crisis right infront of their eyes.😲🔥

Teach your kids! ❤

I got to hear this a year ago and im now on baby step 3 thank God and whoever loaded this video

Hi Carmen & Darius, my name is Alicia, & I had an older sister pass away in 2022, who left me some money. I contacted the financial institution, Vanguard; I informed them at the time of her death, that I would not be doing any investing. I was told that the funds were not available to me for two years, & that I needed to be put all the money into an IRA. After listening to your program a few times am learning more about other investments options, can I use the funds that from an IRA for maximum cash flow?

I bought my house in 2018 before everything skyrocketed if i would have waited to pay cash i would be paying about 160k for my house right now that i paid 70k for so your saving for a house and waiting for the rates to go up?

15 yrs house loan is so the way to go!