Latest / The Table with Anthony ONeal / 5 Years With Dave Ramsey. I'm Done Being Quiet (Someone Has To Say It!)

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5 Years With Dave Ramsey. I'm Done Being Quiet (Someone Has To Say It!) · The Table with Anthony ONeal

0:00
[SPEAKER_00]: Found that you all have been in my comments and sending me videos and Instagram posts and even in my DMs, asking me to respond to certain financial advice and certain statements being made and I don't like that.
0:15
[SPEAKER_00]: I don't like responding to certain people and to certain things because I have not built my brand on using someone else's video to help me
0:24
[SPEAKER_00]: get views.
0:25
[SPEAKER_00]: That's not, not, not, not.
0:27
[SPEAKER_00]: And so I've kept quiet and I've kept quiet on purpose, right?
0:31
[SPEAKER_00]: Because I don't do reaction content just to get views.
0:35
[SPEAKER_00]: I do it when I actually have something to say without attacking the individual because, well, I'm gonna leave that alone.
0:45
[SPEAKER_00]: Today, I have something to say.
0:48
[SPEAKER_00]: There are several videos going around this specifically.
0:51
[SPEAKER_00]: There is one video going viral right now.
0:53
[SPEAKER_00]: What the title that says, stop listening to Dave Ramsey.
0:57
[SPEAKER_00]: And it's racking up millions, millions of views, and people are sharing it like it's literally the gospel.
1:03
[SPEAKER_00]: And I'll be honest with you.
1:06
[SPEAKER_00]: I watched it, I watched a whole thing, and here's where I landed after watching his video.
1:13
[SPEAKER_00]: Some of it has merit, some of it is flat out dead wrong, and some of it is absolutely dangerous, especially for the people in this community who are just getting started.
1:26
[SPEAKER_00]: So today in today's episode, I'm going to give you my honest, unfiltered take.
1:31
[SPEAKER_00]: on day ramsy and not because day ramsy needs me to defend them because he doesn't this man.
1:36
[SPEAKER_00]: When I'm making a year and I'm a lot of money in the year he can do that in a week.
1:41
[SPEAKER_00]: But because I believe honestly my community you deserve the truth, not the hot take, not the viral moments, not just an opinion to get views, but the honest truth.
1:53
[SPEAKER_00]: the honest truth.
1:55
[SPEAKER_00]: And I am uniquely, I would say out of all these people talking about day Ramsey, I am actually in a good position to give it to you.
2:05
[SPEAKER_00]: Why?
2:06
[SPEAKER_00]: Because I didn't just listen to day Ramsey, I just didn't turn on YouTube or turn on a radio show and listen to day Ramsey.
2:13
[SPEAKER_00]: I had the honor of serving that man for a little over five, six, seven years in his building
2:23
[SPEAKER_00]: I taught the same principles.
2:27
[SPEAKER_00]: I learned the same principles and watched this.
2:30
[SPEAKER_00]: I watched families change their lives.
2:36
[SPEAKER_00]: So buckle up, people.
2:37
[SPEAKER_00]: Today's episode is gonna be real.
2:40
[SPEAKER_00]: Real, come on.
2:42
[SPEAKER_00]: Let's get into it.
2:43
[SPEAKER_00]: Here's what we're going to be covering today.
2:46
[SPEAKER_00]: Number one, the stats.
2:48
[SPEAKER_00]: Because before we can critique anyone, let's look at the actual numbers and the numbers on Dave Ramsey are actually staggering.
2:59
[SPEAKER_00]: Okay?
2:59
[SPEAKER_00]: Number two, what the critics got right?
3:02
[SPEAKER_00]: I'm going to be fair.
3:03
[SPEAKER_00]: I'm not here to be a fanboy and I love Dave, but I'm going to be honest
3:12
[SPEAKER_00]: And this is where I'm gonna be pushing back really, really hard.
3:17
[SPEAKER_00]: And then the last thing number four is the real conversation that nobody's having about why I left, about what's missing for our community, specifically to minority community, and about why I still believe five years later, that the foundation day Ramsey built is still solid.
3:37
[SPEAKER_00]: So to get all of four of these, you gotta stay to the end, because number four is gonna be personal, and it's the most important thing I'm going to say to day.
3:46
[SPEAKER_00]: But before we talk about Dave Ramsey, I who I believe is the guru and financial literacy.
3:54
[SPEAKER_00]: Before we talk about what he even gets wrong, that some of you all may say, let's just talk about who Dave Ramsey actually
4:04
[SPEAKER_00]: Because I think a lot of people who are making these stop listening to Dave Ramsey and Dave Ramsey messes doesn't work for black people have actually never looked at the scale of what this man has built.
4:17
[SPEAKER_00]: So I'm going to give you some numbers.
4:18
[SPEAKER_00]: All right.
4:19
[SPEAKER_00]: Dave Ramsey has been in the financial education space for over 30 years, 30 years, long before chat GPT, long before cloud, long before AI,
4:35
[SPEAKER_00]: He is not a self-proclaimed financial expert.
4:39
[SPEAKER_00]: He started from a local radio show in the 1990s, built from scratch, and turned it into one of the most recognized financial educational companies in the country.
4:52
[SPEAKER_00]: His show.
4:54
[SPEAKER_00]: and related programs now reach over 20 million people every single week.
4:59
[SPEAKER_00]: Across radio, podcasts, digital platforms, YouTube, you name it.
5:04
[SPEAKER_00]: 20 billion people every single week.
5:11
[SPEAKER_00]: I need you to sit with that for a second, because there is no other financial voice.
5:16
[SPEAKER_00]: Black, white, Hispanic, Asian, etc.
5:19
[SPEAKER_00]: None.
5:20
[SPEAKER_00]: Zero.
5:21
[SPEAKER_00]: Zero.
5:23
[SPEAKER_00]: that reaches 20 million people every week with a consistent message about getting out of debt and building wealth.
5:31
[SPEAKER_00]: Not.
5:33
[SPEAKER_00]: Not.
5:34
[SPEAKER_00]: His content alone, I believe, it runs over 600 radio stations nationwide.
5:43
[SPEAKER_00]: In addition to streaming and YouTube.
5:48
[SPEAKER_00]: What happens to your family of something happened
5:52
[SPEAKER_00]: I'm gonna ask out again.
5:53
[SPEAKER_00]: What happens to your family when something happens to you?
5:57
[SPEAKER_00]: You see, life insurance feels scary, it feels complicated and even expensive.
6:02
[SPEAKER_00]: But here's the thing, it doesn't have to be anymore.
6:06
[SPEAKER_00]: Most of us are walking around with no life insurance policy, but we have a name brand item.
6:13
[SPEAKER_00]: Thinking, I'm young, I'm healthy, I got time.
6:17
[SPEAKER_00]: And they want to be honest with you, I'm so sorry.
6:19
[SPEAKER_00]: That's not fate.
6:21
[SPEAKER_00]: That is pure foolishness.
6:24
[SPEAKER_00]: Here's what I love about my friends already, those.
6:26
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6:30
[SPEAKER_00]: No medical exams, no waiting weeks for approval.
6:34
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6:39
[SPEAKER_00]: We're talking coverage from $100,000 up to $2 million with absolutely no blood work for way less than what you actually think.
6:48
[SPEAKER_00]: Term life insurance.
6:49
[SPEAKER_00]: is pure protection at a fraction of the cost of whole life insurance.
6:54
[SPEAKER_00]: Look, a healthy 30-year-old can get a 500,000 policy for about 25,000 month.
7:00
[SPEAKER_00]: That's less than your Netflix and Spotify combined.
7:04
[SPEAKER_00]: Listen, your family deserves to be protected.
7:09
[SPEAKER_00]: Don't leave them struggling to pay bills.
7:11
[SPEAKER_00]: and funeral costs because you kept putting this off.
7:15
[SPEAKER_00]: While you're in heaven, smiling, your family's out here stressed because of your poor decisions.
7:21
[SPEAKER_00]: Let's stop playing games, which your family's future.
7:24
[SPEAKER_00]: Get to free quote today in 10 minutes by going to Anthonyoleneo.com for Sasha Eatos.
7:30
[SPEAKER_00]: Again, go to Anthonyoleneo.com for Sasha Eatos and our promise you.
7:38
[SPEAKER_00]: You will feel way better and sleep better at night.
7:42
[SPEAKER_00]: All right, let's get back to today's show.
7:45
[SPEAKER_00]: Now here's where it gets real.
7:48
[SPEAKER_00]: Ram's dissolutions did a study.
7:51
[SPEAKER_00]: On the people who actually followed the seven baby subs, not the people who listened once a week or moved on that people who actually did the work went from babies to that one to baby step seven.
8:02
[SPEAKER_00]: 90% of them said they successfully got control of their finances, 90%.
8:09
[SPEAKER_00]: Now I want you to compare that to watch this, 59% of the general population who feel confident about their money.
8:21
[SPEAKER_00]: Uh-oh, I'm giving you stocks.
8:23
[SPEAKER_00]: I'm giving you facts.
8:25
[SPEAKER_00]: This is not Anthony O'Neill's opinion.
8:28
[SPEAKER_00]: Among baby cell followers, only 20% said, they struggled to pay their bills.
8:33
[SPEAKER_00]: The general population, 43%.
8:35
[SPEAKER_00]: And over 10 million people have used the baby cell's plan to pay off debt and build wealth.
8:46
[SPEAKER_00]: Come on, man, come on, man.
8:48
[SPEAKER_00]: I'm giving you, I'm giving you stats.
8:49
[SPEAKER_00]: I'm giving you facts.
8:51
[SPEAKER_00]: This is 10 million people.
8:56
[SPEAKER_00]: Now I'm gonna ask you a straight-up question.
8:58
[SPEAKER_00]: Drop the answer in the comments.
9:00
[SPEAKER_00]: When was the last time you saw a stock listening video about someone who helped 10 million people get out of debt?
9:08
[SPEAKER_00]: I wait, I wait, I wait, I wait,
9:14
[SPEAKER_00]: I'm saying again, if I had to fit time, I'm going away.
9:19
[SPEAKER_00]: I got something else for you.
9:20
[SPEAKER_00]: In 2020, I had to opportunity to work with Dave and I remember Dave Ramsey had all of his staff members and his personalities, and I was one of them at a time, called over 8,000 people.
9:30
[SPEAKER_00]: Personally, to tell them their medical and auto deaths were paid off.
9:34
[SPEAKER_00]: 10 million dollars in debt, Ramsey Solutions paid off for people.
9:42
[SPEAKER_00]: Respectfully saying this, that's not a radio host.
9:45
[SPEAKER_00]: Honestly, the man has a movement.
9:49
[SPEAKER_00]: So before we could talk about what he gets wrong, and honestly, I think that there are some things that all of us can do better.
9:57
[SPEAKER_00]: Heck, I could do better, right?
9:59
[SPEAKER_00]: And I'm gonna get to the things that I change my perspective on those.
10:04
[SPEAKER_00]: But let's be honest about what he gets right at scale consistently for three decades.
10:14
[SPEAKER_00]: You don't build what that man has built and what his family has built by accident.
10:20
[SPEAKER_00]: And you don't tear it down with a freaking YouTube video.
10:27
[SPEAKER_00]: Now I said I was going to be fair, so I want to be honestly fair at this moment.
10:36
[SPEAKER_00]: The video I was going viral pulls from a Forbes article.
10:40
[SPEAKER_00]: The author's argument is basically this, Dave's perspective on debt is too extreme, and that his whole plan is designed to help you scrimp and save your whole life so you can die a millionaire.
10:56
[SPEAKER_00]: And while I was reading this article, I could understand from their perspective their critique.
11:03
[SPEAKER_00]: I can honestly understand and respect it.
11:06
[SPEAKER_00]: Now, here is where I do somewhat agree and can't understand.
11:11
[SPEAKER_00]: Part one, point one, I would say.
11:12
[SPEAKER_00]: It's a debt conversation, is and has a new ones.
11:17
[SPEAKER_00]: Dave will tell you that debt is always bad, period.
11:21
[SPEAKER_00]: And I 100% understand why he teaches that message because most people, especially people who are just starting out, people who are drowning, the black and white message is exactly what they need to hear.
11:37
[SPEAKER_00]: I'm gonna tell my black people, white people, I'm talking about the right and wrong, the black and white message.
11:46
[SPEAKER_00]: This is exact.
11:47
[SPEAKER_00]: They need to hear you either off or you're on.
11:49
[SPEAKER_00]: You need to do this or do that.
11:50
[SPEAKER_00]: There's no gray space in between.
11:54
[SPEAKER_00]: But once you've proven, you can be disciplined.
11:57
[SPEAKER_00]: Once you've built the foundation, once your debt free, consumer debt free, and you've got margin, there is a conversation to have about strategic debt.
12:09
[SPEAKER_00]: In this season of my life, a mortgage is not the same as a credit card.
12:14
[SPEAKER_00]: And I teach that inside my escape plan, right?
12:19
[SPEAKER_00]: A mortgage is not the same thing as a credit card.
12:22
[SPEAKER_00]: A mortgage is not the same thing as a card.
12:24
[SPEAKER_00]: A mortgage real estate is not.
12:26
[SPEAKER_00]: So yes, there is nuances that that day's framework doesn't always make room for.
12:31
[SPEAKER_00]: And I'll give them that.
12:33
[SPEAKER_00]: But there is a reason behind that and I understand from day perspective why?
12:38
[SPEAKER_00]: Here's point number two, the die a millionaire critique.
12:43
[SPEAKER_00]: The author said the whole point of day's plan is to make you save your whole life and die a millionaire.
12:51
[SPEAKER_00]: And I can understand again from the author's perspective,
12:57
[SPEAKER_00]: Because, you know, Dave teaches beans and rice.
13:00
[SPEAKER_00]: And I don't really teach beans and rice forever.
13:02
[SPEAKER_00]: I teach tomatoes and rice.
13:05
[SPEAKER_00]: Tomatoes, hot dogs, cut up and rice for a season.
13:08
[SPEAKER_00]: And there is a difference.
13:09
[SPEAKER_00]: And sometimes that message gets lost in how days framework is communicated sometimes.
13:14
[SPEAKER_00]: But again, he's talking to the average everyday person.
13:21
[SPEAKER_00]: and I believe in the permission to prosper.
13:24
[SPEAKER_00]: I believe that once you've done the work, once you've built the foundation, you have permission to enjoy your life.
13:31
[SPEAKER_00]: You have permission to buy the car in cash.
13:34
[SPEAKER_00]: You have permission to buy the trip in cash.
13:37
[SPEAKER_00]: You have permission to live the life that you wanna live, no matter what Dave Ramsey Suzy Orman, myself, anybody else says, that is the reward for discipline.
13:48
[SPEAKER_00]: I am consumer debt-free.
13:50
[SPEAKER_00]: And want to look at other people?
13:53
[SPEAKER_00]: They're buying some things that I would never spend my money on.
13:56
[SPEAKER_00]: But if you look at me, what day, Anthony, you drive exotic cars?
14:00
[SPEAKER_00]: Like, well, again, I have the foundation.
14:03
[SPEAKER_00]: Again, the baby steps worked for me.
14:06
[SPEAKER_00]: Again, I have financial freedom.
14:08
[SPEAKER_00]: So I'm going to live the life that I want to live because I worked for this life.
14:13
[SPEAKER_00]: And I call that, that is the reward for discipline.
14:21
[SPEAKER_00]: Now, now, now, now, point three inside of this, this video, um, Susie Orman, she says something interesting that $2 million is not enough.
14:35
[SPEAKER_00]: Before we go on, I want you to comment below.
14:36
[SPEAKER_00]: I want you to comment below.
14:37
[SPEAKER_00]: Let me know, do you believe $2 million sitting in your investment portfolios enough?
14:47
[SPEAKER_00]: I've never ever, ever, ever met Susie Orman, this is not talking about Susie Orman, because again, she's built something that I have not built yet.
15:00
[SPEAKER_00]: So I respect it.
15:02
[SPEAKER_00]: But I had to address this directly because it's in a video and it's just irresponsible to say, I personally do believe coming from the black community.
15:12
[SPEAKER_00]: Susie almost said, and I'm quoting, $2 million is nothing.
15:16
[SPEAKER_00]: It's pennies and today's world.
15:20
[SPEAKER_00]: Family, let me show you what the data actually says, according to the Federal Reserve Survey of Consumer Finance, almost half of all Americans have zero dollar saved for retirement.
15:34
[SPEAKER_00]: Zero.
15:35
[SPEAKER_00]: Another 9% have less than $10,000.
15:37
[SPEAKER_00]: And total about 80% of Americans have less than $100,000 saved for retirement.
15:47
[SPEAKER_00]: And Susie Orman is on camera telling people two million dollars is nothing.
15:56
[SPEAKER_00]: I think that is completely irresponsible for someone within our particular space to say.
16:04
[SPEAKER_00]: And it makes people feel like they can never win.
16:08
[SPEAKER_00]: Which causes people to stop trying.
16:12
[SPEAKER_00]: I don't care what platform you have.
16:15
[SPEAKER_00]: You do not get the tell of someone who was working two jobs, busting their rear end, trying to save $500 a month that $2 million is nothing.
16:26
[SPEAKER_00]: That is not wisdom in today's world.
16:29
[SPEAKER_00]: That is noise.
16:35
[SPEAKER_00]: As a matter of fact, real quick before we keep going, a lot of you all are drowning in debt right now.
16:44
[SPEAKER_00]: a lot of you all are trying to figure some things out.
16:49
[SPEAKER_00]: I've recently partnered with the company that I'm not a huge, huge, huge, huge,
16:57
[SPEAKER_00]: I'll play this with the proper research, I am a fan, without the proper research, I am not a fan.
17:03
[SPEAKER_00]: I've recently partnered with about five companies that can help lower your debt and get it down about 30-40%.
17:09
[SPEAKER_00]: I want you to go to anthonylonale.com for slash debt relief as a matter of fact, check out this quick clip to give you a little more information.
17:18
[SPEAKER_00]: I got to be real with you.
17:19
[SPEAKER_00]: Before I say anything goes, this does not replace the death snowball.
17:23
[SPEAKER_00]: This does not replace living below your means.
17:26
[SPEAKER_00]: What I teach still stands, period.
17:30
[SPEAKER_00]: But if you are caring more than I would say about $20,000 in consumer debt and you feel stuck, I want you to know there is an additional resource that can help you get that free a little bit quicker.
17:42
[SPEAKER_00]: I've had the opportunity to partner with some trusted debt relief companies.
17:46
[SPEAKER_00]: And what I'm asking you to do is simple.
17:48
[SPEAKER_00]: Put an AnthonyONeal.com for SaaS debt relief.
17:51
[SPEAKER_00]: Fill out the free application is gonna take literally three minutes and just have a conversation.
17:56
[SPEAKER_00]: Ask the hard questions.
17:58
[SPEAKER_00]: Be completely honest about your current situation and then don't you think about it, do not rush it, do not sign anything on this spot.
18:05
[SPEAKER_00]: Don't even give them any money, just take your time to think about it.
18:08
[SPEAKER_00]: This is just a tool, one more option on the table, but you'll never know if it can help you unless you have the honest conversation.
18:16
[SPEAKER_00]: Zero cost to apply, zero obligations.
18:19
[SPEAKER_00]: It's just not continuing to get some more information to help your journey.
18:22
[SPEAKER_00]: The link is in the show notes, go to anthemreal.com for slash debt relief, and as always, let's get you out of the red and into the black.
18:31
[SPEAKER_00]: Let's get back to today's show.
18:34
[SPEAKER_00]: Alright, fams, go to anthemreal.com for slash debt relief, and see if those companies can help you because we got to help get you out of debt quicker, and there has to be different ways and different strategies that help you get there.
18:45
[SPEAKER_00]: Let's get back into today's show.
18:47
[SPEAKER_00]: Now here's where I want to push back, hard.
18:55
[SPEAKER_00]: I'm just going to say it like this.
18:57
[SPEAKER_00]: The foundation is not optional.
19:00
[SPEAKER_00]: You cannot skip the foundation.
19:02
[SPEAKER_00]: I don't care how sophisticated your retirement strategy is.
19:05
[SPEAKER_00]: I don't care how many YouTube videos you've watched about index funds, about mutual funds and about passive income I don't care.
19:15
[SPEAKER_00]: If you got $800 going to a credit card, $800 going to a car note and $800 going to the student loans every single month, you cannot take advantage of any opportunity that comes your way.
19:27
[SPEAKER_00]: None.
19:29
[SPEAKER_00]: They've rammed these baby steps, gave millions of people, including me, the foundation.
19:35
[SPEAKER_00]: And you don't tear down a foundation just because you want to build a freaking second floor.
19:44
[SPEAKER_00]: Makes no sense.
19:48
[SPEAKER_00]: Let's talk about this credit card debate.
19:50
[SPEAKER_00]: The video pushes back on day Brandy Stance on credit cards.
19:54
[SPEAKER_00]: And here's where I'll be real with you.
19:56
[SPEAKER_00]: I have evolved on this.
19:58
[SPEAKER_00]: I've said publicly that once you are debt free for a period of 24 months, this is two years.
20:04
[SPEAKER_00]: You've established discipline.
20:07
[SPEAKER_00]: And you've proven to yourself, you can handle it by paying off your AMX every single month without carrying debt, there is a responsible conversation to have about credit.
20:18
[SPEAKER_00]: But the key thing I said is, I need you to get rid of that credit card while you're getting out of debt and stay out of debt for two years, never have a credit card.
20:30
[SPEAKER_00]: So there's a strategy to why I'm teaching right now.
20:37
[SPEAKER_00]: Most people watching these stop listening to Dave Ramsey videos are not in the position yet.
20:42
[SPEAKER_00]: You are not financially disciplined and mature yet.
20:47
[SPEAKER_00]: And telling someone who is still in debt that they should be chasing credit card points.
20:52
[SPEAKER_00]: That is a freaking trap.
20:54
[SPEAKER_00]: That is the system, working exactly as designed to keep you in debt while you chase freaking reward points, and you're paying interest out to Wells, family, Fargo, family, and giving your family second leftovers.
21:12
[SPEAKER_00]: Let's not forget what the Bible says over in Proverbs, chapter 22 verse 7.
21:16
[SPEAKER_00]: It says, the barber is slated to the who, lender.
21:20
[SPEAKER_00]: That's not Dave Ramsey's opinion.
21:22
[SPEAKER_00]: That's not Anthony O'Neill's opinion.
21:24
[SPEAKER_00]: That's scripture.
21:25
[SPEAKER_00]: And I'm not backing down from that.
21:29
[SPEAKER_00]: I'm not.
21:31
[SPEAKER_00]: But can we go here next?
21:34
[SPEAKER_00]: We have the nerve on YouTube to dismiss this man's credibility.
21:39
[SPEAKER_00]: I've seen in the comments say stop listening to Dave Ramsey.
21:43
[SPEAKER_00]: He's just trying to keep you broke.
21:46
[SPEAKER_00]: What?
21:51
[SPEAKER_00]: y'all do understand.
21:53
[SPEAKER_00]: Dave Ramsey's net worth is worth hundreds of millions of dollars.
21:59
[SPEAKER_00]: I think it saw a video recently to where I think he crossed over the billionaire mark.
22:04
[SPEAKER_00]: He built a media empire from scratch.
22:08
[SPEAKER_00]: He's been doing this for 30 freaking years.
22:13
[SPEAKER_00]: His family is doing well.
22:16
[SPEAKER_00]: I know them.
22:19
[SPEAKER_00]: So in our culture, in today's day in time, what do we call that?
22:23
[SPEAKER_00]: My brother got receipts.
22:27
[SPEAKER_00]: You don't have to agree with everything he says.
22:29
[SPEAKER_00]: Cause I don't.
22:30
[SPEAKER_00]: He don't agree with everything that I say.
22:32
[SPEAKER_00]: I don't agree with everything.
22:33
[SPEAKER_00]: My mom and my daddy say, I don't even agree with everything.
22:36
[SPEAKER_00]: My own pastor says.
22:38
[SPEAKER_00]: But this missing him because a YouTube video told you to, that's not wisdom.
22:44
[SPEAKER_00]: That's just a lot of freaking noise.
22:48
[SPEAKER_00]: That's why when people come to me and tell me things about other people, I don't discredit someone because of what someone else told me, I don't want to get to know them for myself.
22:58
[SPEAKER_00]: I want to try to spirit by the spirit, and if me trying to spirit by the spirit gives me the wrong kind of function and wrong kind of thing, then yeah, I'm a back off.
23:06
[SPEAKER_00]: But I don't back off with people no more.
23:08
[SPEAKER_00]: I look at people wrong because of what she said or what he said.
23:11
[SPEAKER_00]: That's not wisdom, that's just a lot of noise.
23:15
[SPEAKER_00]: And here's what bothers me the most about these videos.
23:19
[SPEAKER_00]: They're tearing down one of them few mainstream voices that consistently tells people to get out of debt.
23:26
[SPEAKER_00]: And in our community, the Black community, the middle class community, we need that message desperately.
23:34
[SPEAKER_00]: I shared this stat that's inside of my latest app in the black.
23:39
[SPEAKER_00]: That by $253, the medium wealth of black Americans is projected to fall to zero.
23:46
[SPEAKER_00]: Zero.
23:49
[SPEAKER_00]: That's not a day of ramps, you problem.
23:51
[SPEAKER_00]: That's not a sewsier problem.
23:53
[SPEAKER_00]: That's not even an Anthony O'Neill problem.
23:55
[SPEAKER_00]: That is a consumer debt problem.
23:57
[SPEAKER_00]: That is a financial literacy problem.
24:00
[SPEAKER_00]: That is a lack of accountability and a lack of systems problem.
24:05
[SPEAKER_00]: And the people making these, not listening to day videos, are they offering a better foundation?
24:13
[SPEAKER_00]: Watch this, or are they just chasing views?
24:15
[SPEAKER_00]: Because they wanna get a YouTube jet.
24:23
[SPEAKER_00]: Mm-hmm.
24:24
[SPEAKER_00]: Some of y'all clicked on here because y'all know I used to work for Dave Ramses.
24:26
[SPEAKER_00]: Some of y'all clicked on here because you all know I used to work for Dave Ramses.
24:29
[SPEAKER_00]: He thought I'm about to bash the man.
24:30
[SPEAKER_00]: Hell, no.
24:33
[SPEAKER_00]: I can't bash the man who gave me a solid foundation.
24:38
[SPEAKER_00]: Can't.
24:39
[SPEAKER_00]: Will not.
24:41
[SPEAKER_00]: But here's the part I really want to talk about.
24:44
[SPEAKER_00]: Because I think there's a difference between Dave is wrong.
24:48
[SPEAKER_00]: and I have grown within my particular space.
24:52
[SPEAKER_00]: Those are two completely different things.
24:55
[SPEAKER_00]: And I want to be clear, when I am about to share, it's not me throwing Dave under the bus.
25:01
[SPEAKER_00]: This is about me being honest about my own evolution.
25:05
[SPEAKER_00]: Because honestly, I have changed.
25:06
[SPEAKER_00]: I have grown.
25:07
[SPEAKER_00]: I have evolved.
25:08
[SPEAKER_00]: I have matured in certain things.
25:10
[SPEAKER_00]: I've allowed change and so are you.
25:17
[SPEAKER_00]: Y'all been asking, why did I leave?
25:20
[SPEAKER_00]: And it's been going on five years.
25:22
[SPEAKER_00]: You see, when I was at Ramsey Solutions, I was doing meaningful work, man.
25:26
[SPEAKER_00]: Honestly, the dream job that man, that I'm so grateful that God allowed me to be in.
25:34
[SPEAKER_00]: I loved it.
25:36
[SPEAKER_00]: I loved the team.
25:37
[SPEAKER_00]: I loved the other personalities.
25:40
[SPEAKER_00]: His daughter, Rachel Cruz, was probably my favorite.
25:43
[SPEAKER_00]: We had a lot of meaningful conversations.
25:47
[SPEAKER_00]: their team over there now, Solid George Campbell, he literally worked all the seven baby steps in a phenomenal teacher and educator of what Ramses Lucien stands for, the leader there, that's over the personalities, man, such a solid place, right?
26:05
[SPEAKER_00]: I got to be on the radio and TV shows.
26:09
[SPEAKER_00]: And honestly, I got to help people with real problems, and I learned so much
26:18
[SPEAKER_00]: But there came a moment, came a moment.
26:22
[SPEAKER_00]: I was sitting in the interview with a particular magazine and a reporter asked me something and said, you've spent years helping Dave Ramsey build his legacy.
26:31
[SPEAKER_00]: What are you doing to build your own legacy?
26:36
[SPEAKER_00]: And I knew the answer without thinking.
26:40
[SPEAKER_00]: It's nothing.
26:41
[SPEAKER_00]: Me, yeah, I had a 401k, yeah, I had a savings account, but,
26:45
[SPEAKER_00]: really wasn't doing anything.
26:46
[SPEAKER_00]: I was serving, I was doing good work with an amazing man, but deep down inside, I knew God had put a calling on my life that was beyond what I was doing and that was specifically to help our community, to go back and to specifically talk to African Americans and minority people.
27:11
[SPEAKER_00]: And I want to say this with love and with respect.
27:15
[SPEAKER_00]: both.
27:16
[SPEAKER_00]: Dave Ramsey and his organization and myself, we both agreed that it was the best time for me to transition and to go work on what I'm doing.
27:24
[SPEAKER_00]: And they honestly believe it or not, y'all, they helped me transition.
27:29
[SPEAKER_00]: They didn't just say goodbye, man, they gave me a team for like 60 days to continue doing YouTube video, to continue adding.
27:35
[SPEAKER_00]: I think it's like 30 or 60 days.
27:36
[SPEAKER_00]: I remember that time frame.
27:37
[SPEAKER_00]: I want to miss quote.
27:38
[SPEAKER_00]: I know it was at least 30 days.
27:41
[SPEAKER_00]: You know, I've, I've, I've, I've heard from the team, man.
27:44
[SPEAKER_00]: I've, I've had a couple of them on my show since leaving, right?
27:49
[SPEAKER_00]: But, but I had to be honest and honoring of the platform, because some of the things that I wanted to say just didn't fit and make sense on this platform.
27:59
[SPEAKER_00]: The language that I had to use that I've been using, just it wouldn't align with that particular platform.
28:05
[SPEAKER_00]: There is a culture context that is missing.
28:08
[SPEAKER_00]: There is a specific conversation about generational wealth, about the racial wealth gap, about what it means to build wealth as a black family in America.
28:19
[SPEAKER_00]: That was missing.
28:22
[SPEAKER_00]: That was missing.
28:23
[SPEAKER_00]: And I had to step out because, man, I have a heart for that.
28:27
[SPEAKER_00]: And there was no one black in our community talking about, get out of debt.
28:33
[SPEAKER_00]: Talking about, no, this use, other people's money is not the wisest thing to do.
28:43
[SPEAKER_00]: Anthony O'Neill is black.
28:49
[SPEAKER_00]: When people say I've seen another black young lady, she went off the day and said, oh, his, his foundation doesn't work for black people.
28:55
[SPEAKER_00]: Man, I almost said something, but she's wrong.
28:59
[SPEAKER_00]: Cause I'm black and the saving, the seven baby steps, right?
29:03
[SPEAKER_00]: Got me out of that.
29:05
[SPEAKER_00]: Let me say this again.
29:06
[SPEAKER_00]: Dave Ramsey didn't get me out of that.
29:08
[SPEAKER_00]: It is the wisdom that God gave Dave that that system allowed me to get consumer debt free.
29:19
[SPEAKER_00]: because when I look around and I see the our community black families, middle class families, minority families, we're not being reached in a way that I believe spoke directly to where we are, where we're from, what our ancestors had been through, I knew that I had to go build something.
29:40
[SPEAKER_00]: Because all I see is these YouTubers who don't have a degree in financial literacy, who never went
29:48
[SPEAKER_00]: tell people to go out here and to borrow money and this is how you can get a car loan or flip a car loan into this and put this on a credit card and do this and do that.
29:58
[SPEAKER_00]: And I'm like, yo, that's jacking up my community is jacking it up.
30:11
[SPEAKER_00]: So if I knew I had to step out and I knew I had to build something solid, and watch this, I'm not trying to compete with Dave, I never can.
30:21
[SPEAKER_00]: I don't want to replace what Dave built.
30:23
[SPEAKER_00]: No, I want to add to it.
30:25
[SPEAKER_00]: I want to go deeper into the community.
30:27
[SPEAKER_00]: He just couldn't reach as it be on this.
30:32
[SPEAKER_00]: That's why I launched out of my own.
30:34
[SPEAKER_00]: That's why when I left there, I didn't go back to youth pastor and to get a job.
30:38
[SPEAKER_00]: That's why I built the end-of-black app and the escape plan.
30:42
[SPEAKER_00]: That's why I went back to school to get my bachelor's and master's and I'm in school currently at Regiate University and Christian school, learning finance and investing.
30:53
[SPEAKER_00]: My doctorate, that's why I'm teaching consumer economics at an HBCU.
31:01
[SPEAKER_00]: because the foundation they've laid is solid, but our community needs someone who can take the foundation and speak our language.
31:10
[SPEAKER_00]: Build legacy and address our specific challenges.
31:18
[SPEAKER_00]: And I'm gonna do a whole separate video on what I've evolved on.
31:23
[SPEAKER_00]: The specific things I teach differently now and why I believe that.
31:29
[SPEAKER_00]: That's a different conversation for a different day and we're going to do that.
31:33
[SPEAKER_00]: But this video, this video is about setting the record straight.
31:37
[SPEAKER_00]: Dave Ramsey is not our enemy, family.
31:41
[SPEAKER_00]: That is our enemy.
31:42
[SPEAKER_00]: Financial literacy is your enemy.
31:45
[SPEAKER_00]: Living paycheck to paycheck is your enemy.
31:48
[SPEAKER_00]: And for 30 years, Dave and his team has been fighting that enemy at scale consistently for millions of people.
31:59
[SPEAKER_00]: Listen, y'all, I don't know about you, but that deserves respect.
32:05
[SPEAKER_00]: I think if I had to compare anybody within Dave Ramses, particular world within the Black community, I would say John Hope Bryant.
32:11
[SPEAKER_00]: And John Hope Bryant and Dave Ramses have two different perspectives.
32:14
[SPEAKER_00]: You know, right now I will always have step respect for the foundation, but I do a lot of my studying from John Hope Bryant.
32:22
[SPEAKER_00]: He is, I would say, the general within African-American space.
32:27
[SPEAKER_00]: He is that guy, I said it on Mr. Jake's show.
32:29
[SPEAKER_00]: Like man, when it comes to black people, who's been in for a long period of time and everything that John Hope Bryant has built, man, listen, he's that dude.
32:37
[SPEAKER_00]: But watch this.
32:38
[SPEAKER_00]: I don't agree with everything John Hope Bryant says.
32:40
[SPEAKER_00]: And I know for a fact, he don't agree with everything that I say, but he's still that general within that black culture.
32:47
[SPEAKER_00]: So here's where I land family.
32:50
[SPEAKER_00]: Dave Ramsey's teaching changed my life.
32:53
[SPEAKER_00]: His principles do work.
32:55
[SPEAKER_00]: The foundation is solid.
32:58
[SPEAKER_00]: And I would defend that until I'm going, even though my principles now that I teach for our community is going to differ.
33:06
[SPEAKER_00]: I would never teach when I'm teaching and knock something that I know works.
33:13
[SPEAKER_00]: That is a man that is integrity, that is character, not doing it.
33:18
[SPEAKER_00]: but I've also grown, I've evolved.
33:22
[SPEAKER_00]: I would say I've added to the framework, and that's okay.
33:26
[SPEAKER_00]: That's what growth looks like.
33:34
[SPEAKER_00]: You don't have to choose between honoring what helped you and becoming more than where you start.
33:42
[SPEAKER_00]: Here's my challenge to you.
33:44
[SPEAKER_00]: Before you click on the next stop, this and a day random video I'll ask you stuff, this one question.
33:48
[SPEAKER_00]: Have I actually done the basics?
33:51
[SPEAKER_00]: Am I consumer debt free?
33:52
[SPEAKER_00]: Do I have an emergency fund?
33:54
[SPEAKER_00]: Am I investing?
33:56
[SPEAKER_00]: Because of the answer is no, the foundation is still what you need.
34:01
[SPEAKER_00]: And if the answer is yes, then let's talk about what's next.
34:05
[SPEAKER_00]: That's what the escape plan is for.
34:08
[SPEAKER_00]: That's inside of the in the black app.
34:10
[SPEAKER_00]: We're going to put that information inside of today's show notes so you can go go to anthonyl.com 4-app and watch the videos and use this app to help you out.
34:23
[SPEAKER_00]: But that's what this channel is for.
34:24
[SPEAKER_00]: That's what this brand is for.
34:26
[SPEAKER_00]: As a matter of fact, we're gonna be making a huge announcement and the beginning of May.
34:32
[SPEAKER_00]: That is, man, I've been working on this for almost two and a half years.
34:36
[SPEAKER_00]: We got something big coming.
34:39
[SPEAKER_00]: That is going to be a guide to help you change your life.
34:46
[SPEAKER_00]: We've been working on this for two and a half years.
34:48
[SPEAKER_00]: We've been working on an app for about a year and a half.
34:50
[SPEAKER_00]: We've been working on this, what we're gonna announce in the top of May for two and a half years.
34:59
[SPEAKER_00]: I'm really excited about what God has done within our brand.
35:03
[SPEAKER_00]: And if you clicked on this video, thinking I'm about to knock day, like, oh, here you go, here we go, I'm sorry.
35:08
[SPEAKER_00]: Yes, I do teach different things a little bit, but that's just what I wanna teach.
35:13
[SPEAKER_00]: I'm not knocking what he's teaching because what he taught helped and changed my life.
35:20
[SPEAKER_00]: Help and changed my life.
35:24
[SPEAKER_00]: So if you want the full escape plan, the system I've built, that takes you from debt to financial freedom to building wealth, the link is going to be in side description.
35:35
[SPEAKER_00]: Go to www.anthaninode.com for slash app.
35:38
[SPEAKER_00]: I'm going to walk you through.
35:39
[SPEAKER_00]: This is going to be specifically for minorities, middle class people who really want a different kind of language.
35:48
[SPEAKER_00]: And now I am going to do a video.
35:49
[SPEAKER_00]: I'm going to do a video here soon.
35:51
[SPEAKER_00]: What I firmly believe in and what I'm going to be doing differently.
35:56
[SPEAKER_00]: All right, this is your boy Anthony O.
35:57
[SPEAKER_00]: God bless you.
35:58
[SPEAKER_00]: I'm seeing you in the next video.
35:59
[UNKNOWN]: Peace out.