Can we get this video to 5k likes?

@philipw4849

8 ай бұрын

5k? You can do it!

@kristakahlo

7 ай бұрын

If you're not concerned with what people think why are you obsessing on likes? Is it an ego thing or what's the reason - just curious

@jmobrawler

7 ай бұрын

We absolutely can . Good stuff

@leannejayne3545

4 ай бұрын

@@kristakahlohelps push his videos more, which helps the channel grow x

@vanrathbunjr5278

4 ай бұрын

When Dave Ramsey says there is no such thing as good debt, he is saying what the Bible says. The Bible never calls debt good. So, by disagreeing with Dave Ramsey, you are disagreeing with the Bible, which is God's Word.

I found Dave Ramsey at the age of 63. What I liked about him was he told you off for being dumb. Yep, for 63 years I was dumb. I am now 69 and debt free and own my home. At my age I am not interested in risk investments. If you are young like this man go for it but research. Good luck to you all!

@em77775

5 ай бұрын

Hey, that's amazing you made such progress in just a few years.

@JddB229

Ай бұрын

I completely agree with you, but im 32. I have no debt, not even a mortgage, and my husband and i have plenty invested. Dave helps people get out of debt and helps others to never get into debt. A lot of people are really negative about the ways he tells people to use and save their money, but lets face it, i dont know of any other financial advisor that has helped as many people as he has and some of thw wealthiest people are following his methods, so he can't be that wrong. I dont agree with everything he says but for the most part, he knows what he's talking about and people tend to just not like how blunt he is. People hate tough love, but they need it, because the "gentle parenting" they have been getting regarding their spending habits, is just digging them a deeper and deeper debt hole.

I have learned and have to tell myself often: Money does not solve money problems for people As much as you may want to help bail out a friend or family member, don't. And nothing will tick you off faster than loaning/giving someone money (thinking you are practically saving their life) and then hearing them boast about their recent vacation, clothing purchase spree, new iphone purchase or other mindless purchase. Don't solve other people's money problems by giving them money.

Hi ,my name is Edington from Zimbabwe I've learned a lot about minimalism and persol finances ,this has drastically changed the way I live

@GabeBult

8 ай бұрын

Hey Edington that's awesome to hear! Glad I could help if only a little

I'm on disability in Canada. Financial peace is not possible for someone like me. But hopefully we can put $20 or $25 aside some months. Every single dollar is used for absolute necessities.

@justvincenturb

8 ай бұрын

Canada, US, and I'm sure other countries out there, need to do better for people with disabilities. I feel for you. Keep at it!

@monicadavies9915

7 ай бұрын

Prayers for you.

@RebeccawalkswithChrist12

4 ай бұрын

Praying for you 🙏🏾 I feel it's so unfair that disabled people should be given such a small pittance to get by. Hopefully your financial situation will change.

I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

@user-im7qe6ve4t

6 ай бұрын

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@Brigh578

6 ай бұрын

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi

@indirazeballos4492

4 ай бұрын

Wow! I am 34 🥹 I thought it was a bit late for me to make a huge difference in the future. You just inspired me!

@bertrandflatre9851

4 ай бұрын

Thanks for the inspiration. It is NOT too late.! If I may ask: how much and in what do you invest a month?

Dave Ramsey makes sense with alot of things, however everyone has their own story when it comes to finances. He goes by his past story to help us all. Some of it works and sometimes it may not be right for every individual.

@smileygirl622

5 ай бұрын

I actually disagree. You can individually make different choices that might land you even wealthier than the Dave Ramsey plan might or might end you up significantly worse off but I don't believe that his plan can't work for everybody if they are after the same end goal that he states. Financial security strong enough you can continue to give and build wealth. His baby step plan can't fail you will get exactly what he says you will in the end. It's simple your opinion you could do it better if you modified the plan but that doesn't make his wrong that what people don't understand.

Just retired. Love my credit cards. I pay them off every month. Use my points for things I enjoy. Debt free and very frugal.

@laundrygoddess4

8 ай бұрын

Some people are credit card people and it ticks me off when Dave says no cc.

@denisetymensky8922

7 ай бұрын

I think it is a great tool for some people but it is impossible for others to keep the spending under control and end up using the card to an amount they are unable to pay off monthly so his recommendation is great for people that have less self control? Some people just can’t trust themselves with a credit card. Then I see them getting a consolidation loan and without closing the card the cycle repeats.

@Warrenmitchum

4 ай бұрын

Credit card rewards are paid for by people that are bad with credit cards. That’s the truth and is Dave’s main argument. You benefiting on the backs of the poor.

@Warrenmitchum

4 ай бұрын

@@JoLynnDrake-mc6bb getting your tax dollars back. Huh? Explain your delusion.

@idasiek

4 ай бұрын

​@@laundrygoddess4it's because most people can't control their spending if they have credit cards. If you can then great, but you're in minority.

When Gabe uploads we eat good. Food for thought always tastes good 😋

@GabeBult

8 ай бұрын

Thanks Luap!

"Commom sense is so rare these days that having it is like having superpowers." - Dave Ramsey

Dave is the AA of finance! He is great for a specific amount of people who cannot control themselves and during his “program” he is tough and rigid! When you’re in the program the rigidity is needed so you don’t fall into old habits again! However, once you graduate from the program and take a deep breath. You realize that although Dave is amazing at getting people to change their behavior … others tend to have better strategies building wealth. I like Dave and will forever be grateful for how he taught my parents about finances and they taught me but it is also important to note that he does miss the boat for disciplined people who can control their spending!

@kristakahlo

7 ай бұрын

There's also a great resource in a 12 step program called Debtors Anonymous for folks who have control issues or trauma. Can be super helpful with financial sobriety & lots of practical tools for living well. 😊

Dave Ramsey teaches common sense since more than 3 decades - common sense is a scarce commodity these days…

@ierenedyne2521

7 ай бұрын

😂😂

8:10 in my country you have to have a minimum of a 20% deposit to even get accepted for a mortgage on a property

1. Don't try to impress others. 2. Don't borrow money unless you have to. Then only borrow what you need. You need a reliable car that's as cheap as you can find. Not a new Escalade. You need the least expensive apartment that's in a safe neighborhood and not too far from work that you can find. You need the least expensive house, that's not in disrepair and in a safe neighborhood but not too far from work, as you can find. 3. The one exception to the minimize debts rule is if you are going to start a profitable business. Most people simply can't save enough money to pay in full to start a business. 4. If you can live debt free, do it. My mortgage is $272 per month and my car is $262 per month.

@cirentXD

8 ай бұрын

Rip. My mortgage is $2666 a month ajd $2250 goes to interest alone

@bestyoutubechannelever3206

8 ай бұрын

@cirentXD Swallow your pride. Sell the house for what it's worth and buy a cheap house with the equity.

@cirentXD

8 ай бұрын

​@@bestyoutubechannelever3206I just bought the place 2 weeks ago

Low self esteem is a big part of success. I felt I was sometimes not good enough for my boss and couldn't take his kindness.

I have been using a 0.99cent spiral notebooks for all my bills and wishlist for years. It’s really helpful to write things down.

I LOVE your Videos! So helpful and intuitive. Thank you!!!

@GabeBult

8 ай бұрын

Glad you enjoyed it! Thanks for watching

Great advice, thanks for sharing

Thank you for this video!! I needed a refresher course!!

@GabeBult

8 ай бұрын

Your welcome! Hope it helps!

Blue jeans from Walmart? Never. I get them at yard sales and thrift stores.

Great Video!! Love Dave Ramsey & Your content. Thank you

You sure have been talking about the Bible a lot. I like it!

You've got yourself another sub. Simple sharing and I appreciate that it feels like you're talking to me as opposed to just making content for the sake of it. Maybe it's just me feeling like this? Anywho, great job!

@GabeBult

7 ай бұрын

I'm glad it feels that way! I always think about the camera as talking to a friend so I'm glad that comes across

Great video brother, my Father listens to Dave Ramsey a lot and other people in his life about money and I've been able to learn a bit about how my parents do their finances. I'll be sending this video to a few people :D

Thanks for the valuable information

@GabeBult

4 ай бұрын

My pleasure

Great video! Always excited to watch your new videos!

@GabeBult

8 ай бұрын

Thanks!

That $464 rule only works if you make enough money to start with. I was making little more than half that amount per month when I first started work. At the end of my career, I was making about 4 times that amount, not enough to pay necessary bills and have that much left over. Now I'm on social security getting just a little over twice that amount, so there's no way I could invest half what I make. It takes what I get for groceries, gas, insurance, home insurance, electricity, propane for cooking and heating. Last winter I had to pay $600 one month for propane. That's hard. And the house wasn't even warm. It was around 60, so we had to wear sweaters all day.

@monicadavies9915

7 ай бұрын

I think if you're on SS, you don't need to worry about investing. Glad you can meet your needs on it.

Thank you Gabe🙏

Absolutely brilliant. Enjoyed this and listening to your views... I really like Dave Ramsey... But I like your bonus points as I like how mature your points were... Cause I've heard people disagree and take it personally... Thank you so much for doing this video

This was sooo good 👍🏼

I needed this!

Very much agree with your take on things but where you disagree with Dave is where the audience needs to be considered. He's speaking to a wide range of folks, the vast majority of whom have trouble setting up and sticking to a budget, let alone understanding different types of debt, intelligent uses of credit, investment types and philosophies. Credit and debt can be disasters for people who lack the means and/or the discipline to use them properly. Cool video and I really appreciate your take on spending. Some great points there.

@tuatara80

7 ай бұрын

I agree with you!

It starts with Belief!

Excellent video!

Thanks for another banger Gabe 👍

@GabeBult

8 ай бұрын

Thanks for watching!

I suggest reading the book "The Last Safe Investment", but even better would be to read the book of Proverbs in scripture. Wisdom is the principle thing. Therefore get wisdom.

Thanks for this video, really got me thinking about my future financially! ;-)

I loved how respectfully you disagreed. I disagree with those things as well. I admire the fact that he looks at the most vulnerable people and that’s his framework. If you’re vulnerable almost no risk is worth it. Reassess every year. I finally got to a point that taking risks won’t be devastating, more like a bump in the road (hopefully).

This so good!!!!

Hope you hit 500k before Dec man! 🎉

@GabeBult

8 ай бұрын

That would be sick!

Brilliant as always. Never got into reality tv I'm just a twice a week movie. The 5 people rule is so right! The 4 hour work week is an incredible book!

Love this video!! I found a Dave Ramsey's Financial Peace University membership kit at a thrift shop for $6. Just started a few weeks back and liking the material so far. A lot of it is repetitive stuff, but also a lot of eye openers as well. I enjoy the kick-in-the-ass-and-get-mad-kind of energy he brings to getting rid of debt. I do agree with you on some of the negative points, but the idea as a whole is great, just make it flexible to your own needs and lifestyle.

I agree about debt, I only go in debt for property. I save for other things but enjoy being frugal.

Great advice

Great video gabe

@GabeBult

8 ай бұрын

Thanks Deionm

Thanks bro 👍🏾

@GabeBult

8 ай бұрын

🙏🔥👍

My favorite jeans ever were a pair of Levi's . The quality was amazing.

good content mate

@GabeBult

8 ай бұрын

Thanks man 👍

I meekly ask... is there anything wrong with a little life? By this I mean one where you know you're never going to be a millionaire (nor want to be). You have a job that isn't flash but pays the bills and isn't stressful (to me, that's worth more than gold). You have no interest in stocks and bonds. You have an old car that is still excellent and you maintain it properly. You also know you won't ever be able to buy a house and you accept that, so you rent. You have no credit cards (this is a very American thing, btw). You have no debt. You save a little to cover anything unexpected. And unlike most, you don't want fame or fortune; instead, you are simply content with your lot in life and get on with the job of living, enjoying each day as if it were your last. ❤

@GabeBult

8 ай бұрын

Nothing wrong with that at all! For me though I don't want to have to show up to a job for the rest of my life so that's why I think a little bit more radically I guess it's definitely not for everybody

@grooviechickie

8 ай бұрын

I agree that showing up to a job every day is not ideal, and I commend you for your videos which help me and many, many others think outside the box. I really appreciate that. Really I do. ❤️ I'm older now and am not living pay check to pay check, and I have some $ saved (almost 3 months' worth of living expenses). That's all I can do right now. My partner is dying from heart failure and I cannot go any further than living and appreciating every day. We're all one illness/accident/incident/stock exchange crash away from a major life-change, sadly. We can only do our best. Thank you so much for helping us think, and aim as high as we can and do our best with our money and finances. We really do have very little education about money!

@jasoncasey583

8 ай бұрын

Condolences

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly

Quality video!

@GabeBult

8 ай бұрын

🙏🙏🔥

The only people winning with mutual funds are the fund managers. Great vid! DR is my least favorite financial guru... But still worth the shot. You could make a ranking/tier of your favorite financial gurus!

I would really like an update on more of the books you're reading if you wouldn't mind sharing.

Additional like for yellow Mustang ) I've also bought it. But because I like it a loooot ) I just enjoy looking at it and driving

Gabe where do you get your coffee mugs, I love them.

The whole car thing is wild. I paid less for my car (which is actually really nice) than one year of the average $700/month payment. This is why I love 4-cylinder Japanese cars. SUVs and trucks will ruin you with repair costs if you don't have your finances situated

Poverty, paycheck to paycheck is habitual just like financial security is habitual bad habits vs good habits over long periods

@turtleanton6539

8 ай бұрын

Yes😊😊😊

@GabeBult

8 ай бұрын

💯🔥

I started saving for college right out of college. The second paycheck had 6% go to my 401k. As my salary increased so did my percentage. All is good. I listened to Dave in college on my way to my part time job. No EV for me ever!

My dad grew up during the 1930’s-1940’s depression on a potato farm in Idaho. When he passed he was a millionaire. He didn’t keep of with the Jones. He lived his life and spend his money for joy in his life. He walked around in old boots, clothes he had for 20-30 years.

I think another rule can be Dave Ramsey or not is to not spend money that you don't have to. Maybe something you own does not need to be replaced and it can wait to be replaced. Going into spending any money realizing this is how I can save and this is where I can spend.

Great video, thank you for sharing. Always in our prayers, God bless. ❤🙏🏻🧔🏻👩🏻‍🦳

@GabeBult

8 ай бұрын

Thanks so much

I wish I had heard invest early often rule in college but it wasn’t taught. We’re working on being debt free in next 12 months. Our cars and home are paid for!

Gracias

"The love of money is the root to all kinds of evil" is a Bible quote that is often misquoted to "Money is the root of all evil", which has a completely different meaning.

I tend to use credit cards for basically everything, and pay them off every month. Believe it or not, I find that this actually helps me control my spending, because I know I have X budget of real dollars available in a month to pay them off, and I'm good as long as I don't go over that. But I've learned the hard way in my 20s that credit cards aren't free money and you don't use them to cover spending you can't otherwise pay in cash, so this works for me.

Thanks Gabe for a very informative video. Just one thing you said (that I know Dave also says) which I really disagree with - if you’re in debt you don’t *deserve* to have fun unless it’s free. I understand why he says that, but thinking in those terms about blame and punishment for debt can be really unhelpful. We, like a lot of self employed people, got into debt during the pandemic. We’re working really hard to pay it off, but the cost of living is making that more difficult. Because of the work we do, we need to have regular breaks to stay mentally healthy. We’ve chosen to do this in as frugal a way as possible but it still costs us money. We’ve accepted that cost as a pay-off against getting unwell and we know it means it will take us longer to pay off the debt, but we’ll have a lot of rest and relaxation and fun in the meantime. We only have one life - we all need to spend it in a way that works for us, and while I agree with a lot of what Dave says, I don’t agree with everything. I’ve subscribed to your channel 😊

I remember when you had 30k subscribers. Crazy to see how far you’ve come Gabe. Keep grinding. Dope video

Any thoughts on Fundrise for REITs?

I like that couch you’ve got back there

Everyone’s like “don’t buy a luxury car to impress others” but I drive my bimmer because I fkn love BMWs.

@leahmcdermott4189

8 ай бұрын

And that’s okay! As long as you can afford it. The Money Guys have a car equation rule to check affordability. It’s 20/3/8 - you have put a 20% down payment on your car, finance for 3 years (or less) and your car payment has to be less than is 8% of your income. If your BMW fall into that bracket, you’re all good. If not, then it becomes more risky and not a good financial idea. Nothing wrong with liking and driving a BMW, like at all, IF you can afford it 💕

@TylerG7777

7 ай бұрын

Me too! I got my beautiful BMW sedan from Carvana. Only 20,000 miles on it and I got it for about 1/2 price compared to new (5 years ago). Paid it off in a year and a half. Now, 3 years with no car payments. Looks great. Drives great. 100,000 miles on it without a single problem. Love my BMW!

I invested from 1990 until 2021 in multiple Index funds. No brainer, easy. Okay, I don’t have $5 millions, but then I don’t need $5 millions.😂

That 1st quote is from Will Rogers

Great kick in the Butt for me this morning. I usually talk to the screen when watching. Today was YES I need to fire myself, Yes I'm a slave.

@GabeBult

8 ай бұрын

It's great to stay motivated! Sometimes you need to get excited another times you need to get angry

@CarriedYourbooks-yv5qv

8 ай бұрын

@@GabeBult Actually changed an action this week from what I would normally do and had better results.

I get clothes from thrift stores or on sale. I got whole bag clothes $6! I put my money into personal professional and financial development

Agree with all your points. Property/real estate investment is a great way to provide for retirement imo and potentially gives better yields than mutual funds. This does mean you’ll be getting into additional debt/mortgages but I think Dave Ramsey may have got burned from bad real estate so imo he is far to cautious and negative about it and using debt to your advantage.

I prefer to calculate the car cost per year. I bought $30k new car on $60K a year salary. Planning to keep it for 15 years. I'm at year 5 right now and it has only 20k miles on it. Previously I had bought a used $16k car when I made $30k a year and kept it for 11 years. Both will end up being fairly cheap in the end. I may even be able to use the new one longer than 15 years as I haven't abused it and my driving needs have gone down. The car doesn't know that 15 years is long time unless I let it rust. In it's heart, it will be a 8-10 year old car.

Reality TV isn’t even close to be real. I basically quit watching TV over 4 years ago. I just purchased two TV series on dvd. Yes they are both on reruns, but it’s on late night and I don’t want to stay up really late to watch tv.

@1:22 i swear that is Aruba 🇦🇼 i recognize the Beach

Brainwashing yourself into good finacial decisions? Thats why i watch and rewatch podcasts and videos that reinforce good spending habits. Good brainwashing in this case 😂

What calculator app are you using? I saw it on another video and tried to find it please help 🤣😁

I remember when I was 30 I was flat broke. I didn’t have a penny to my name. As a matter of fact I was even a few thousand dollars in debt. I am happy to announce that now I am pushing 40 and through hard work and perseverance I am now flat broke and in debt.

Been investing at least 33% of my monthly income every month this year. Feels good

Hey gabe built i have a question would it still be worth it to invest in real estate today? with all the high mortgage rates, and house costs?

Not having CCs is a great thing but there are some challenges. Some places, like car rental, hotels and some online pay sites will only take CCs. I found this out the hard way when my car broke & I had to rent a car. Had to call a friend & they gave thier CC #. The car rental place took my payment after just fine with my bank debt card but the reservation wouldn't have happened without a CC. I went on vacation, had paid for the hotel prior to going but when you get there they have to have CC on file. Almost didn't get my room even though it was paid for. The online thing a friend told me about. He couldn't buy concert tickets without a CC. I know some would say well you just have to give rental cars & hotels up but this would be a very upsetting thing if there was an emergency and you needed one of those.

@AnjLove01

8 ай бұрын

It is actually not bad to own a cc. It is for purposes like you mentioned that a cc would come in handy having with. Besides, cc would only be bad if the person who have that will be unmindful of their spending habits and not paying the cc purchases in full. I myself have those cc used at most times from grocery shopping to other utility bills but i made sure i pay them in full at the given time so as not to incur interests and so it isn’t a disadvantage at all if one has it. It is within the person and their control. It might not be for everyone especially if one can’t bring myself to control purchasing unnecessary wants. 😊

@sevenseas1476

7 ай бұрын

Agree with An jLove01's answer and would add, CC's are a dangerous tool. Like a loaded gun in a sense. If you treat them that way; using them very carefully, very cautiously with rules you stick to, they will be just fine and may yield a bit of economic advantage. Most can't stick to the rules and these days that's a terrible proposition... 20-30% interest rates??!! That's legalized loan sharking and the banks are basically charging you rates that are the best returns of just about any investment class out there... for them... not for you. It's so bad that I would recommend to anyone who asked to pay off all CC's first, before putting one more dime into investment accounts.

@redbaron2342

7 ай бұрын

A CC is not bad to have - use it to your advantage ! Always pay them off on time, and you will have a month of interest-free money!

Dave Ramsey’s books 👍👍

Thanks bro

The biggest one for me was firing myself. That's a tough question and I think I'd say yes. I would fire myself as described in the scenario. Really made me realize how much better I can be with my finances and how much more useful I could be if I made the right choices with money. Thanks for the video Gabe, really made me think.

I want to be that old lady at church where a few kids joke to themselves that I really should get an updated coat. Little do they know, I secretly pay for their Bible camp registrations & national youth conferences. I imagine that with a prayer & a smile. Also paying for the sports fees at school for low income families, anonymously. 🙏🏼🙏🏼🙏🏼❤️❤️❤️

What video do you talk about down payments. You said putting too much down can be a bad thing?

I don't agree with the notion that you should care about the loss of the value of a car. It's a transportation tool not an investment. I drive my cars for 10 to 15 years. I find satisfaction buying a new car with no unknown mechanical problems and taking care of it until it falls apart from long term use.

Is your real estate investing in properties for leasing out, or something like REITs?

@GabeBult

8 ай бұрын

I have multifamily is that are long-term buy and hold

5:18 The car payment will cost a mil if you make payments for 30 years :) I get the point though

Love your content, Gabe. I have a quick questions. I have tried to set up a budgetting system using apps, but these apps are not very easy to use and therefor I don't keep up with them. What do you suggest? The simpler the better right? Just a notebook to budget? No screens.

@sevenseas1476

7 ай бұрын

I'm not Gabe but I'll chime in if you don't mind. I was in the same boat many years ago. Never could find a budget program I really liked. I'm not talking a tracker, just a budget spreadsheet that has some formulas. I ended up learning just a bit about spreadsheet formulas (doesn't take too long at all) and built my own. I think you'd find value in that if you give it a go.

@guyr7351

7 ай бұрын

A simple excel spreadsheet is suffice. Put all your income in one column all your regular planned outgoings in another. Total both columns PIF your outgoings are more than incomings you have an issue If there are regular payments for credit card, car loans etc you can see where this chunk of money goes that you can alter. I have one credit card, it’s zero interest and for planned large expenditure or unusual ones like car repairs etc. I still resent when I see it being £100 a month or more going out.

Regarding the "walmart rule", in his book Baby Steps Millionaires, he talks about the difference between millionaires and billionaires. People want to live like billionaires. Millionaires are like the rest of us, looking for good deals and being frugal. Billionaires own islands, etc.

I agree with this, but what do you do if you are getting on track then WHAM! a month comes with $3000 of surprise unexpected expenses that you don't have a large enough emergency fund to cover? If I legit did not keep a credit card I'd be in serious trouble and be unable to pay my dentist, surprise letter from my state wanting a tax credit back from 3 years ago (why? I don't know) , and vet bill this month. So all the rules are great in theory, but don't necessarily work in life.

I think this should be the best time to put cash to work rather than allow it lie waste to inflation. I'm ready to invest about $350k of my savings in stocks. I just need ideas on how to navigate the bear markets and other sectors to diversify

@sheltonPston

4 ай бұрын

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

@sherryie2

4 ай бұрын

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024

@Aziz__0

4 ай бұрын

Please how do I find and contact this financial counselor ?

@sherryie2

4 ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nicole Desiree Simon for about five years now, and her performance has been consistently impressive.

@Aziz__0

4 ай бұрын

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

Yup. Dave Ramsey treats everyone's financial problems as though the person who got in trouble is a debt-and-spending addict. A spendthrift who can not and will not develop the skills and self-discipline to use debt responsibly and invest wisely. Like you, I disagree. For SOME of Mr. Ramsey's audience, that is entirely true - recovering alcoholics should not get a job as a bar back. Similarly, some spendthrifts are so addicted that they should never have another line of credit in their lives. But MOST of the people who get into debt do so because we offer ZERO financial education in public schools and nowadays kids are brainwashed from birth to spend on easy payments. Debt is so normalised that it is very, very difficult to avoid. It can be done (you are a shining example). According to industry statistics one-third of the people who hold multiple credit cards never pay any fees or interest on them. In other words, they use them intelligently to establish credit, avoid carrying cash, get identity theft and purchase protection in case of theft, make purchases (car rentals, business equipment rentals, etc.) that can not be made any other way, and BTW, get rewards. Fascinating channel, Gabe. Love the content.

@eloisepersson939

7 ай бұрын

Out of interest, why is it schools job to teach our children how to manage finances? Shouldn’t parents teach that at home, like basic hygiene, how to drive a car, other life skills?

@lindacgrace2973

7 ай бұрын

@@eloisepersson939 Yes, parents SHOULD teach these things to their children! I agree 100%. But as an experienced middle grades and high school teacher and foster parent to many teens, it's simply not happening in the home. Mom is NOT a stay-at-home all-purpose educator anymore. With over 50% of marriages ending in divorce the Dad-to-kids connection is also frequently broken (hence, the popularity of the 'Dad how do I' channel). I have fostered high-intelligence tween and teen kids who have no idea how to make a bed, build a sandwich, change a lightbulb, or maintain a car. I had the "No, honey, a credit card is not a magic piece of plastic that gives you money, it is a magic piece of plastic that gives you debt!" discussion with every single kid in my care. I had one tragic example of a 12-year-old boy - may I emphasise he was gifted - who had no idea what real food looked like and could not identify raw vegetables. He didn't know that popcorn was dried corn fried until it popped! He had only eaten highly processed pre-prepared food his entire life. That's why they offer driver's education in public schools. Otherwise you end up with too many ill-prepared poorly educated drivers who are a menace to themselves and others. In other words, life skills courses (we called them home economics and shop courses back when I was in school) are not only helpful to the students, they are necessary to society, as well. My contention is with runaway debt, the lowest savings rate in centuries, and an 80% obesity rate, we should extend basic 'functional literacy' classes in the public schools. Somebody has to do it.

I never have bought something to impress. Except to impress myself.

“ the Average American is overweight and lives paycheck to paycheck” hits hard

Thanks for being honest about the pros -cons instead of just agreeing with others in their version of what you should be doing. 👏🏽

@economicdevelopmentplannin8715

7 ай бұрын

Payoff a tiny house, or a big one with lots of roommates. Then only buy property taxes utilities groceries and an unlimited bus pass. Expenses will be under 10k yearly. Then all remaining income goes to investments and philanthropy. Philanthropy to people who want to do this model.❤