Dave Ramsey is America’s trusted voice on money and business. He’s authored seven national best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, Smart Money Smart Kids, and The Legacy Journey. The Dave Ramsey Show is heard by more than 12 million listeners each week on more than 575 radio stations and digital outlets.
As a seasoned communicator and Ramsey Personality, Rachel Cruze has been speaking to groups as large as 10,000 for more than a decade. The daughter of Dave Ramsey, she joined Ramsey Solutions in 2010 and uses the knowledge and experiences from growing up in the Ramsey household to educate others on the proper way to handle their money wisely and stay out of debt. Rachel co-authored the #1 national best-selling book Smart Money Smart Kids with her dad. Her new book, Love Your Life, Not Theirs, releases October 2016.
A popular and dynamic speaker on the topics of personal finance, retirement and leadership, Chris Hogan helps people across the country develop successful strategies to manage their money in both their personal lives and businesses. He is the host of the Retire Inspired Podcast and the author of Retire Inspired: It's Not an Age; It's a Financial Number, a #1 national best seller. For more than a decade, Chris has served at Ramsey Solutions as a trusted financial coach and Ramsey Personality.
Chris Brown is a nationally syndicated radio talk show host, pastor and dynamic speaker carrying the message of stewardship and intentional living nationwide as a Ramsey Personality. Available on radio stations across the country, Chris Brown's True Stewardship provides biblical solutions and sound advice for questions on life and money. Prior to joining Ramsey Solutions in 2014, Chris spent seven years leading many to Christ while growing churches in North Carolina and Florida. Chris and his wife, Holly, live in Franklin, Tennessee, with their three children.
An inspiring and enthusiastic presenter, Christy Wright has spoken to groups of thousands at corporate events, women's conferences and some of the country's top universities. Christy is also a certified business coach whose direct and genuine presentations cover a range of topics from business and money management to personal development and goal setting.
At age 19, Anthony ONeal was deep in debt and short on hope with no direction of where his life was headed. But after hitting rock bottom, he turned his life around and committed to helping students find and pursue their passions. Since 2003, Anthony ONeal has helped thousands of students succeed with money in their work and personal lives. Now Anthony has joined Ramsey Solutions to spread this encouraging message to students nationwide as a Ramsey Personality.
I’ve heard all the reasons why you should have a credit card, but this one bothers me more than any of the others.
Rachel, I love your video blogs. My favorite words of this year is to be intentional with money! Planning and budgeting is a challenge with my irregular income. But creating a international income and managing it the right way is why I love everything you and your dad do.
Instead of being pay day it becomes exchange day. Love it when you said it is like living your life looking in the rear view mirror. True! We are still snowballing our debt, but we are closer than ever to being debt free! Love you guys!
I hear you load an clear on the credit card! Here is situation…I do alot of ordering for my business and some personal online. I do have one credit card I use for this. Mostly because I have dealt with identity theif for many years and found I don’t like using my debt card online. I am very disciplined and when I collect the money for my business orders I set it aside for my cc bill. And, when I order for personal, I set that money aside as well. I take cash from the category envelope and clip to my cc index card where I list what I charge. In fact, if my kids ask me to order something for them, they have to pay me before I will order it! This way when my statement ends and the bill is due, I have all the money to cover it! Just deposit and write a check and mail! n
I don’t understand why you and your dad villainize credit cards so much. I have followed your dad for years and absolutely love your vlogs, but this is one point I disagree with you on. A credit card is a tool, you wouldn’t throw away a hammer because you whacked your thumb putting in a nail – no, you practice with the hammer and learn to use it properly. I agree that credit cards are a more advanced personal finance tool and a beginner should forgo them – but just like my checking and savings accounts are extensions of my finances, my credit card is treated no differently. We only spend what is budgeted and carry no balance. I don’t spend money on my credit card that I don’t have allocated for it in my budget / bank account.nAdditionally, I use my credit card to leverage $1200-1700 in cash back and other discounts every year. it just takes knowledge and discipline.
I agree with Ken. Using a credit card in conjunction with categorical budgeting is just smart. I totally understand that, statistically speaking, most credit card holders fail at using a card wisely. But if you do pay it off every month, and budget categorically (which everyone should do regardless of how they pay), a credit card is basically free money (if you get one with perks).
I agree with you , but MOST people are not disciplined to do it. I think in the beginning it’s good to get rid of the cards till you are acclimated with a budget and being responsible. I disagree with her on the miles thing. I travel OFTEN and I absolutely use my mileage and those free trips come in handy. What I don’t need is 11 credit cards which I had at one point and I am on my journey to pay ALL of those off and only have ONE.
Exactly, Ken. I think what’s happened to Dave is that he spends three hours a day talking to idiots and so starts to assume everyone is going to be irresponsible with a credit card. If you are disciplined, pay off the balance every month, and buy only what you would otherwise buy with cash, it’s a smart program. In your case, Dave would leave $1200 – $1700 a year on the table. Now that’s just stupid.
I agree with you about the problems that can be caused by credit cards, but they are safer than debit cards; when a debit card is stolen/hacked, you will not be reimbursed for the theft but with a credit card, you will be reimbursed for all but $50 of the theft. When I was younger, I wasted a lot of money on credit card interest and late fees, and carried a balance. Now, though, I keep just one credit card and rarely carry cash. I mainly use it for intentional, planned purchases (fuel, utility bills and groceries), I do use the reward points, and always pay it in full. Your video has motivated me to be more thoughtful before using it for anything else, though. Thanks.
Rachel, what about rental cars? Companies do not let you use a debit card for a car rental. For those of us who need to use rental cars, what answer is there but keeping a credit card?
Check with the company. I was just able to use a debit card with Enterprise because I had a return airline itinerary.
Typically a credit card purchaser ends up paying for each item 2-3 times. The first time is the actual purchase, the second time is when the monthly bank statement arrives, and for those that carry a balance the interest and fees can build up to the cost of the item for a third time.nIf you have to pay for a negative event in your life (failed medical, death, legal fines, etc), when you see the credit card bill again; then you get upset all over again because the issue still isn’t over yet. nPay for something ONE time, and move on with life.