In this paper, we propose Language-Guided Contrastive Audio-Visual Masked Autoencoders (LG-CAV-MAE) to improve audio-visual representation learning. LG-CAV-MAE integrates a pretrained text encoder into contrastive audio-visual masked autoencoders, enabling the model to learn across audio, visual and text modalities. To train LG-CAV-MAE, we introduce an automatic method to generate audio-visual-text triplets from unlabeled videos. We first generate frame-level captions using an image captioning model and then apply CLAP-based filtering to ensure strong alignment between audio and captions. This approach yields high-quality audio-visual-text triplets without requiring manual annotations. We evaluate LG-CAV-MAE on audio-visual retrieval tasks, as well as an audio-visual classification task. Our method significantly outperforms existing approaches, achieving up to a 5.6% improvement in recall@10 for retrieval tasks and a 3.2% improvement for the classification task.