How Cash Changes The Way You Look At Money - Dave Ramsey Rant

  • Published on Apr 19, 2018
  • How Cash Changes The Way You Look At Money - Dave Ramsey Rant
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Comments • 823

  • Patricia Justice
    Patricia Justice 6 hours ago

    I use cash only in restaurants won't let my card out of my sight also worked in restaurants owner kept my tips

  • Curt Christensen
    Curt Christensen 18 hours ago

    I feel EXACTLY the same pain when using credit cards as I do when paying cash. Apparently your "studies" ignored me and many other people

  • 2 pac
    2 pac 23 hours ago

    Quick question dave. Now if spending cash causes emotional distress, why would anyone ever give it away?? Isnt that the goal tho? Not trying to be funny im seriously needing to kno this. I kbo it causes distress bc nobody ever gives it away.

  • Ann Williams
    Ann Williams Day ago

    This is best under-ten minute snippet on money that I have ever heard!

  • ice man
    ice man 2 days ago

    Love that money clip where can I purchase one?

  • Skkool World
    Skkool World 5 days ago

    The science is real!

  • r3d_ti3_guy
    r3d_ti3_guy 5 days ago

    Cut up my Chase card yesterday. Now I’m working on unlinking it from all of my autopay bills and services. Services that I’m quickly finding that I don’t need to survive...goodbye Hulu account I literally never used.
    Cut the cord.

  • Pat Mantle
    Pat Mantle 6 days ago

    “You’re like freaking Harry Potter” 😂😂😂😂

  • Tiosh
    Tiosh 6 days ago

    I think now we're at the point (at least in California) there's pretty much no place that doesn't take card. Thanks to things like Square even pop up businesses can accept card now.

  • MC R
    MC R 6 days ago

    make it rain

  • T12J7
    T12J7 6 days ago

    One big thing for me between plastic and cash is that with plastic you have all the money in your account in your disposal where as with cash, you only have the amount you are carrying. It helped me a lot to save money, when I moved money from my primary bank account to my descender account, leaving on my primary account only under 1000 $, so that I could actually feel the effect of every purchase, so that I was like "I don't even have 1000 $ in my account - now is not the time to spend money." I was kind of freaking out about it all the time, even when I had over 50 000 $ on my secondary account XD
    It worked - I just had a rule with myself that I can't touch the money on my secondary account, for petty mundane things. The money on my secondary account was buying a house.

  • Roami Jamal
    Roami Jamal 7 days ago

    Cash is still KING!!!

  • Robert Mayo
    Robert Mayo 7 days ago

    Take care this guy ,he just open a Pandora’s box.

  • reddon1969
    reddon1969 9 days ago

    I wish Dave understood the value of saving in silver or gold..

  • NonPrepper Regulator

    I look at my debit card as cash being its linked to my checking account. To my kids embarrassment I am very,,,,, frugal with it. Cc's on the other hand stay in the wallet only too show their face in case of emergency.

  • Mason Reppeto
    Mason Reppeto 9 days ago

    My mom and I buy gas with cash because it's cheaper.

  • Micah Davis
    Micah Davis 9 days ago

    Including your website where it takes 7 phone calls just to purchase the workbooks for students.

  • Chopsticks
    Chopsticks 10 days ago

    02:00 -- Hmm, not me.
    I feel pain upon looking at an amount. I visibly react to it. Sometimes I give a funny look or talk about to the person with me or the cashier. I feel pain upon seeing amounts. That's been ingrained in me and I wish I knew where it came from. But upon taking money out of the ATM or from the bank teller, that is the moment of my pain. The realization that this money is being burned away. Sometimes seeing the amount makes me regret, and sometimes makes me actually reconsider if my mind is clear.
    Some people, if not several, look at cash as already spent. So when I spend cash amount, it doesn't do anything for me. I remember trying to make a series of purchases on models for a game a year into my first job. I spent $600 in one day. I grabbed two $300 clumps of money because the first $300 wasn't enough. No pain at all (actually I was quite excited and overjoyed throughout the whole ordeal).
    This is my strategy with salespeople who make money by commission of the sale. I create the friction. I take up as much of their time as I can, to make them grind away and give up and lower the standard. If you don't let a car salesman walk all over you, and you force him to get you past the first brand new Kia Forte and the "you've been approved for this amount" garbage and make him work, eventually they'll get so desperate they'll give you a car to make you go away so to speak.
    Ask questions. Fight the amount. What fees are you tacking on? The sale price said A and B, why is it Z? This is a bargaining culture you see in many Asians, Indians, and Middle Easterners. They see an amount and they're culturally trained to fight it and question it, and they're famous for their frugality.

  • Rose Garcia
    Rose Garcia 10 days ago

    Best way to give money away is to use your Credit Cards..yup those interest fees add up fast and it's every month.

  • Alexis Lane
    Alexis Lane 10 days ago

    "Uncle Ben's coffin" I'm done with Ramsey. HahahaHahaha Hahahahahahahaha Oh my goodness.

  • James Clark
    James Clark 11 days ago

    Great video! I figured this out years ago and it makes me spend a lot less money just going to the bank once a week for cash and only using debit for gas or specific purchases that are above my carry around cash level. I also go out less because I know I don't have a lot of cash left for this week for example. It's making a difference of hundreds of dollars a month staying in my bank account.

  • Brian
    Brian 11 days ago

    "Like Harry Potter waving a wond" 😂😂 quality

  • Wet Skittles
    Wet Skittles 11 days ago

    He’s gone!! Benjamin Franklins out of here 😂

  • fant glenn
    fant glenn 11 days ago

    I really needed to here this. I want to be good with money, but I simply don’t know how. I’m debt free, I have family land that’s not being used, and a beautiful home that I get to live in rent free. I’m going to college to be a technician and I don’t have any kids and I’m dating the woman tugs shared David Ramsey’s you tube with me and plan to marry. I am so excited to learn how to invest and have money to give back!

  • Mark Sneddon
    Mark Sneddon 12 days ago

    I did side gig once and got paid £500, so ten £50 notes, and you're right it does hurt when you're paying cash! I went back to my wallet and was like, "I'm down to 7 £50's! 😭"

  • Sarrah Wilson
    Sarrah Wilson 13 days ago

    Thinking of writing these down and hanging it in the living room. Real big letters.

  • IronHillsTraining
    IronHillsTraining 13 days ago +2

    I’m stealing the “Uncle Bens Coffin” line from here on out lol

  • CosmosAngelz _
    CosmosAngelz _ 13 days ago

    Not for some of my African peoples though, that plastic always feels like pulling out our entire bank account and handing it to someone or a computer to take a chunk, hence a lot of us tend to look angry wherever doing so! Lol

  • Laura Land
    Laura Land 13 days ago

    What about the extra credit card insurance you get buy paying on credit card. Especially with electrical items that are designed to fail quickly.

  • dough254
    dough254 13 days ago

    Lol dollar menu baby

  • Adrienne Muhammad
    Adrienne Muhammad 14 days ago

    I concur. The majority of the past 15 years, I have been on a cash basis. BTW I am on Baby Step 3

  • SkinnerValt
    SkinnerValt 14 days ago

    Thats why people max credit cards

    AKA- BEAST SLAYER 15 days ago

    Thx god we don't have online payments in iraq only cash and you be careful with that cash

  • MsEriKaT
    MsEriKaT 15 days ago +1

    But you can't increase your credit score from cash... you should use cash to pay off your credit card and NEVER use a debit card!!

    • MsEriKaT
      MsEriKaT 15 days ago +1

      Listen to Frank Abagnale Jr. !!

  • Heinzkitz Velvet
    Heinzkitz Velvet 15 days ago +3

    I use cash at every opportunity. My "debit" card is a Walmart reloadable card. Yes there are unavoidable fees involved, but I waste far less money doing things the way I do them. I used to blow thru money so easily, because I never actually saw my money. Between direct deposit from my job and debit cards from my bank, I had no clue how much I was wasting.
    Today, my bank account is in my safe at home. My paycheck is mailed to me every week. I get that warm, wonderful feeling every time the lady puts the Benjamin's in my hand. Like Dave here, I fold my cash over top of my plastic cards I carry. No clip required. My cash is readily available to see, touch and count. I mainly use the Walmart card for automatic bill payments and the occasional eBay purchase. I never, *_EVER_* use it at a point-of-sale, i.e. the check-out register. Cash only, at the store. Because of this arrangement, I've got a lot more cash, on hand, than I ever had before. I love it. The interest rates at the bank is such a joke, it's a better argument to keep your cash on hand, than to have it eaten away by fees and service charges at a bank.

  • Alexandra R.
    Alexandra R. 15 days ago +2

    Did anyone else really want to reach into the video and move Dave’s water away from his laptop? 😂

  • Prashant Shetty
    Prashant Shetty 15 days ago

    Now I understand why the in India there is emphasis on cashless economy.

  • Dion Flowers
    Dion Flowers 17 days ago

    This man is a common sense wizard

  • Tyler Parker
    Tyler Parker 18 days ago

    I cant stand people who pronounce cash the way he does... reminds me of my greedy theif uncle

  • jr shark
    jr shark 18 days ago

    Credit card companies plan on owning the world and the people if they can get rid of cash some things you have to have plastic but pay it off at the end of the month to avoid the socialism prosecution in the future and today

  • Vivek Solanki
    Vivek Solanki 18 days ago

    This is awesome! I am watching this 11.37 pm going into the new year 2020 and this is one resolution I am going to keep to myself!

    • Mr 5
      Mr 5 15 days ago +1

      Curb those parties dude.

  • Alexandra Mendoza
    Alexandra Mendoza 18 days ago

    My children are just 3 and 4 and I'm already planning how to teach them about smart money decisions from saving to investing to buying whole sell selling fir a profit, teach them things I wish I was taught when I was little and do things for them I wish my mom would've done for us.

  • kefkapalazzo1
    kefkapalazzo1 18 days ago +4

    “I want the server to be honored by the tip”

    • Lucinda Love
      Lucinda Love 15 days ago

      kefkapalazzo1 YES! That was powerful to me!

  • Marc Minicuci
    Marc Minicuci 19 days ago

    This doesnt happen to me. and im not bullshiting myself. I hate using cash becuase i lose all the change and coins. Credit card way better. i keep my spending in check, and i collect points. I have a free flight now with life expenses i would of had with cash or not.

  • fowlkeskm
    fowlkeskm 19 days ago +1

    Its true for me. I spend less when I have to give cash.

  • M .Tenorio
    M .Tenorio 19 days ago

    Money is just an illusion

  • David
    David 19 days ago


  • Jaime Alexander Bonilla

    I thank Jesus I found you. I wish I would have known about you and your books a decade ago. I am sure I am not late at 39, but I will not stop following you and God bless you for these teachings. I have just started to put into practice this video and the FICO Score Video that I love and have wathched over 10 times already.

  • Simply Wine
    Simply Wine 22 days ago

    I spend more money when I have cash in my pocket. If I need something and I pull out cash, I have to pull out more cash than the price of the item I am buying. Say an item I am purchasing costs $44. I cannot pull $44 from an ATM, I have to pull out $60. I’m not going back to the ATM to re-deposit the $16 in change, I’m going to spend it! And no, I’m not going into the bank to see a teller to pull out cash, that’s a waste of time. Always use your Debit Card, it’s will save your pennies and your pennies add up.

  • Kevin Huang
    Kevin Huang 23 days ago

    The cash thing doesn’t work on me. If I see cash, I tend to find ways to spend it. I have a natural credit card phobia that I’ve always had and have happily kept, so I feel the pain of spending far more with credit cards than by cash. With cash, I’m far more likely to plan frivolous outings and do impulsive spending purchases because whenever I have cash in my wallet I feel “rich”. I only have one credit debit card and I detest the sight of it and feel deep emotional pain whenever I use it or when an autopay happens.

    • Heinzkitz Velvet
      Heinzkitz Velvet 15 days ago

      All you need to do is transfer that "deep emotional pain" you feel when you look at your credit card, to your cash.
      Look at your credit card, manifest those painful emotions, then look at your cash, while maintaining the painful feelings. Do that over and over again. Train yourself to feel that way about spending cash, and you'll stop wasting cash. Ez pz.

  • annagilda1
    annagilda1 23 days ago

    The other thing that happens to me is; I’ll manually add up what I’m about to spend in my head. I do t do that with my debit card, because it feels like I have an infinite ability to just grab what I want. If all I’m carrying is cash, I can only buy what my cash will pay for.

  • Caleb Israel
    Caleb Israel 24 days ago

    After watching this, I have removed all my cards from my apple wallet and I only keep my debit card in my actual wallet. All credit cards are now stored away.

  • Lisa Fanucchi
    Lisa Fanucchi 26 days ago +1

    Uncle Bens coffin 🤣🤣🤣😂😂😂

  • Brian Garland
    Brian Garland 28 days ago

    Big problem is people are afraid of checking their bank account/statement so not tracking your spending is killer.

  • Debra Williams
    Debra Williams 29 days ago

    I see the Behavior he's speaking of every time I work at Sports Venues

  • Debra Williams
    Debra Williams Month ago +6

    When you spend with Cash, it Does change your behavior

  • Fat Cat
    Fat Cat Month ago

    you just killed that ole boy

  • ineedhoez
    ineedhoez Month ago +6

    Dave is so right. I did my envelopes the other day and dear god. I think about my money all the time. I set money aside for personal spending. I see it decrease and it makes me NOT want to spend. The mindfulness is amazing.

  • chrisgoham504
    chrisgoham504 Month ago

    I don't use cash because it's not insured but this is a true lesson

  • Love
    Love Month ago +1

    I went to the store today w/cash envelopes ✉️ it kept me from buying a lot of stupid stuff. It seemed like I appreciated what I got because it cost me something and I felt it.