How Do I Protect My Assets As A Millionaire?

How Do I Protect My Assets As A Millionaire?
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Listen to how ordinary people built extraordinary wealth-and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, and John Delony.
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Пікірлер: 210

  • @chasecopeland5530
    @chasecopeland55302 жыл бұрын

    Getting tackled from behind is one of the best ways I’ve heard inflation explained. Relying on CDs or a savings account for retirement/growing assets is hardly a step above keeping all your money hidden in your house.

  • @charliehargrave7458

    @charliehargrave7458

    2 ай бұрын

    Might as well bury your money in a fruit jar under a tree

  • @micahwatson9017
    @micahwatson90172 жыл бұрын

    People who are risk adverse never think about the risk of inflation! They are so worried about losing money from an investment, that they end up losing money (through inflation) without even realizing it.

  • @jeremyjeremy8795

    @jeremyjeremy8795

    2 жыл бұрын

    risk averse is a nice way of labeling someone as stupid. risk averse is stupid. life is risk

  • @mountainsriversandtrees1474

    @mountainsriversandtrees1474

    2 жыл бұрын

    Reminds me of my relative, who let a vehicle he needed to sell sit in his driveway because he thought it was worth more than the offers people were giving him. One person offered him several thousand for it, but he thought it was insultingly low. He ended up several years later having to pay the junkyard $200 to tow it away.

  • @JeanValjean875

    @JeanValjean875

    2 жыл бұрын

    @@jeremyjeremy8795 Someone who takes unnecessary, dangerous risks is much dumber than a risk averse person.

  • @advancedchiropractic667
    @advancedchiropractic667 Жыл бұрын

    Now we are getting 6% on CD’s. 5% on HSA

  • @clair233
    @clair2332 жыл бұрын

    08:10 " oooo k 😬 " 🤣🤣🤣

  • @2023Red
    @2023Red2 жыл бұрын

    Excellent video. Mutual funds are excellent and three times larger but with ten times the expenses ratios as ETFs. The difference is active or passive management. I like SPY. The huge choice menu in asset categories can be overwhelming. 30% gains last year is why.

  • @jdmulloy

    @jdmulloy

    2 жыл бұрын

    It's not the fact that they are ETFs that the have low ERs, it's that expensive loaded mutual funds aren't sold as ETFs because you can charge a 5.75% sales load on an ETF to pay a commission to a mutual fund salesman. There are plenty of index funds, which are really just a type of mutual fund that have low ERs and no load. Unfortunately Dave's "Smart" vestors are paid via commissions on loaded funds that are unlikely to beat equivalent index funds from Vangard or Fidelity. Also annoying that Dave always says that past performance predicts future returns, which is the opposite of the disclaimer on all these magical 12% a year mutual funds he talks about.

  • @j.m0ney133
    @j.m0ney1332 жыл бұрын

    $1.4M in net worth. Congrats to the caller but putting his investments in CD’s is a terrible idea.

  • @cato451

    @cato451

    2 жыл бұрын

    Depends on the need

  • @ClaxtonBay123

    @ClaxtonBay123

    2 жыл бұрын

    @@cato451 there’s ZERO reason to put money in CDs

  • @cato451

    @cato451

    2 жыл бұрын

    @@ClaxtonBay123 OK

  • @ridenorthwest1687

    @ridenorthwest1687

    2 жыл бұрын

    @@cato451 CDs are great if you love losing purchasing power.

  • @pwells10

    @pwells10

    2 жыл бұрын

    NUSI should replace all bonds and CDs.

  • @callmeishmaelk767
    @callmeishmaelk7676 ай бұрын

    Also, trusts and lots of insurance and get an umbrella policy.

  • @MrNoBSgiven
    @MrNoBSgiven2 жыл бұрын

    Actually, I invested in one mutual fund which went down 98% in 2002 crash. It was high tech mutual fund .i.e. vwry focused fund. Today ARK funds are the same type of investment gambles. Investing in etfs like VTI or VT etfs with tnousands of holdings eliminates risks like that.

  • @erwina4738

    @erwina4738

    2 ай бұрын

    Thats why ARK etfs I have them always between 8-20% of my portfolio. Made money on those etfs every time too.

  • @jeremyjeremy8795
    @jeremyjeremy87952 жыл бұрын

    The only thing a CD or MMA should ever be used for is for storing your emergency fund or tenants security deposits

  • @sess9561
    @sess95614 ай бұрын

    My non investing friend that always made more salary than I did cried when he found out my dividends are twice his annual salary.

  • @KC-dr3cg
    @KC-dr3cg2 жыл бұрын

    It would be out of touch to downgrade the inflation numbers. Inflation is at least 8% and much more if you consider the escalated double and triple costs around repairs, cost of vehicles, cost to hire a handyman, plumbet,electrician.. the Dollartree has gone up 25%

  • @timw4369
    @timw43692 жыл бұрын

    the only way to protect is to be smart about what you do with the money you have. You still need some risk though. Its never a no risk proposition to invest. That would only be saving and that has its downfalls too. Maybe 20 percent in low risk savings items then 40 percent in dividend stocks and 30 in some alternate mid risk investments and the last 10 in some longer shot investments. You cant be 100 percent protected unless you build a bunker and live in it underground. Which doesnt sound very fun to anyone.

  • @BLADExARTx5160
    @BLADExARTx51602 жыл бұрын

    Everybody needs to be more like Roger

  • @anthonys5568
    @anthonys556810 күн бұрын

    Do as I did. Chuck it into a total market index fund and forget about it. Your kids and grand kids will be well taken care of.

  • @DaveM-FFB
    @DaveM-FFB2 жыл бұрын

    Ramsey outlines the worst case scenario at 8:00 into the video. I always ask myself what's the worst case scenario, and what is the most likely scenario (based on history). The only reason this risk averse investor has $1.4M net worth, is because he never viewed his real estate as an investment. In hindsight, his real estate was his best performing investment (by far). Unfortunately, most younger folks won't have a pension in retirement. They'll need 401Ks/IRAs, index funds, plus real estate equity.

  • @harrychufan

    @harrychufan

    2 жыл бұрын

    Uh, technically if you max JUST a Roth IRA from 25 till 65 you’re worth an inflation adjusted 1.3M

  • @DaveM-FFB

    @DaveM-FFB

    2 жыл бұрын

    @@harrychufan Yes, inflation adjusted, it's about $1.3M in today's dollars, (providing about $52K income per year @4%) plus Social Security. But honestly, I haven't met many 25 year olds who are able to max out a Roth IRA.

  • @genxx2724

    @genxx2724

    2 жыл бұрын

    @@DaveM-FFB Use an on-line compound interest calculator. I’m partial to Moneychimp, probably because I like the name.

  • @genxx2724

    @genxx2724

    2 жыл бұрын

    Or they can risk life, limb, and sanity by serving in the military and earning a defined benefit pension.

  • @DaveM-FFB

    @DaveM-FFB

    2 жыл бұрын

    @@genxx2724 Thanks. I do have an app for that, but I can usually do the math in my head.

  • @pep590
    @pep5902 жыл бұрын

    He is a very sharp and young sounding 75 year old.

  • @donaldwebster2866
    @donaldwebster28662 жыл бұрын

    Fidelity Magellan fund was started in 1963, a few months before I was born. It has an average annual return of 16% since then. That means $1,000 invested back then would be worth $6.2 million today! Now, $1,000 back then is like $10,000 today due to inflation.

  • @kbcinmedusn
    @kbcinmedusn2 жыл бұрын

    Inflation is a tax on traditional savings.

  • @EMo-rx7pm
    @EMo-rx7pm2 жыл бұрын

    I would start giving my heirs some every year at that point. I don't want my kids to have to wait until they are 70 and get it all at once. I would rather give them some when they need it

  • @nelsnyborg2526

    @nelsnyborg2526

    2 жыл бұрын

    That idea just kills the goose that is providing the golden eggs. Kids (and I am the son of a millionaire) need to learn the work ethic and the ability to manage the results of their work ethic. Giving ANY one a large lump sum when they “need” it only leads to entitlement and waste.

  • @genxx2724

    @genxx2724

    Жыл бұрын

    @@nelsnyborg2526 I wouldn’t leave money to anyone who hadn’t already done well managing their own. I’d want the inheritance to be rolled into their performing nest egg, not spent.

  • @djpuplex
    @djpuplex2 жыл бұрын

    Yeah walk in to a smartvestor pro with $375k walk out with $345k in high fee mutual funds.

  • @laylow8648

    @laylow8648

    2 жыл бұрын

    Been there with a similar situation but a much lower dollar amount. But certainly enough to learn a lesson. Then you have to wait a long time to earn that money back as fees continue to chew away. I didn’t make any money until I moved it to Fidelity investments I’m self-taught and careful. And I have investments that are up 135% that are only three years old. And I’m not a money guy. I’ve spent many hours sitting at my computer learning. Now it’s serious money for a average working stiff.

  • @JulianoGSF

    @JulianoGSF

    9 ай бұрын

    ​@@laylow8648so what did you end up buying? Which mutual funds?

  • @Landmantx
    @Landmantx2 жыл бұрын

    I would have told him to think of his 90,000 income dropping to 45,000 cause that is what is going to happen in 10 years. That might make him a bit nervous.

  • @genxx2724

    @genxx2724

    2 жыл бұрын

    His government pensions probably have COLA.

  • @markrothenberg9867

    @markrothenberg9867

    2 жыл бұрын

    The cost of goods double every 20+ years not each decade. Maybe this decade but not historically.

  • @mlee1308
    @mlee13082 жыл бұрын

    I have 3.4 million in Tesla , that’s all my retirement assets. Ha ha.

  • @joetyler835

    @joetyler835

    2 жыл бұрын

    are you still buying?

  • @mlee1308

    @mlee1308

    2 жыл бұрын

    @@joetyler835 no, I think that’s enough. 3,000 shares. I’m waiting for a split to be announced this year. I need To diverse but I still keep going back to Tesla. Pretty tapped out.

  • @joetyler835

    @joetyler835

    2 жыл бұрын

    @@mlee1308 are you retiring soon. Tesla still has some way up to go

  • @mlee1308

    @mlee1308

    2 жыл бұрын

    @@joetyler835 how old are you?

  • @joetyler835

    @joetyler835

    2 жыл бұрын

    @@mlee1308 Did I say something wrong? Am a kid. Not retiring soon.

  • @peternguyen1911
    @peternguyen1911 Жыл бұрын

    What about investing in crypto like through FTX?

  • @cjgoetz210
    @cjgoetz2102 жыл бұрын

    All in on small caps old timer

  • @cgmat7804
    @cgmat78042 жыл бұрын

    I would give house deposits to my grandkids, seems a good use of that money...

  • @alicel3992
    @alicel39922 жыл бұрын

    Dave, I have a 3 year old grandson and I'm on a limited income but I want to put money away for him. CDs give a few pennies more than savings, so where would you suggest I invest. I'm not interested in college but maybe a trade school or he can decide when he starts receiving the money. Thanks, in advance, for the advice.

  • @alexpeguero38

    @alexpeguero38

    2 жыл бұрын

    VTI

  • @jeremyjeremy8795

    @jeremyjeremy8795

    2 жыл бұрын

    every human is on a limited income, invest your money into growth stock mutual funds

  • @Carguyry

    @Carguyry

    2 жыл бұрын

    Low expense ratio index funds, SWPPX

  • @insideoutsideupsidedown2218

    @insideoutsideupsidedown2218

    11 ай бұрын

    I agree with jeremyjeremy

  • @paulbrungardt9823
    @paulbrungardt9823 Жыл бұрын

    I didn't invest anything in 401ks or IRAs. I made a fast fortune. I went into Art dealing with Hunter Biden. We sell $ 500,000 original Hunter Biden Art pieces to anonymous buyers. We have made a fortune by giving buyers access to " The Big Guy".

  • @uwone7778
    @uwone77782 жыл бұрын

    CD's Bonds, he's losing money with inflation. Just goes to show you, you can become a millionaire, despite yourself.

  • @mannyjeanpierre4062

    @mannyjeanpierre4062

    2 жыл бұрын

    could've been worth double the money depending on how long he's had these cd's and bonds smh

  • @jvolstad
    @jvolstad Жыл бұрын

    I have a million dollar umbrella insurance policy.

  • @Big-Government-Is-The-Problem
    @Big-Government-Is-The-Problem2 жыл бұрын

    they are in a great situation obviously, so its not like they did anything wrong, but if they had just invested their whole life into the s&p500 theyd likely have triple (or more) their current net worth.

  • @smokinhalf
    @smokinhalf2 жыл бұрын

    24 percent tax plus 5 percent inflation ...what kind of investment keeps up?

  • @chemquests

    @chemquests

    2 жыл бұрын

    A Roth IRA to get tax free growth

  • @calbob750
    @calbob7502 жыл бұрын

    Know more than the person managing your investments?

  • @cato451
    @cato4512 жыл бұрын

    Don’t bother with Zander ID protection. Total waste of money.

  • @djpuplex

    @djpuplex

    2 жыл бұрын

    But Ramsey gets a kick back.

  • @cato451

    @cato451

    2 жыл бұрын

    @BestBachelor1 I signed up for two services at the exact same time. The other guys have sent me a dozen valid alerts. Zander = not a single alert. A waste of money. I cancelled.

  • @cato451

    @cato451

    2 жыл бұрын

    @@djpuplex ha. Yup. Appears to be the case.

  • @swordandscale
    @swordandscaleАй бұрын

    Imaging waiting until 70 to learn about inflation

  • @seanklein839
    @seanklein8392 жыл бұрын

    I don’t get how Dave says you need to make 6% and not invest in CDs at 3% but advises people pay off their houses at 3%. If anyone can explain please do.

  • @MidwestMoney

    @MidwestMoney

    Жыл бұрын

    Mortgages and CDs are NOT calculated the same. Pull up a mortgage calculator with an amortization table and compare it to a savings/CD calculator and you'll see the difference. This is how banks make money. Annual percentage rate does not equal annual percentage yield. I hope this helps you. Thanks.

  • @theraddadinvestor1000
    @theraddadinvestor10002 жыл бұрын

    depending on your age, most shouldn't protect their assets, risk them in a healthy risk stock.

  • @matthewharrigan3568
    @matthewharrigan35682 жыл бұрын

    How much did he lose this year including inflation? Real return is what matters. Absolute return is largely irrelevant.

  • @user-tb7rn1il3q

    @user-tb7rn1il3q

    2 жыл бұрын

    Real Return is -50%. Hyperinflation sucks.

  • @Useruytrw
    @Useruytrw Жыл бұрын

    4:34 Dave getting 10% ?

  • @MikeyB_1972
    @MikeyB_19723 ай бұрын

    His risk is not keeping up with inflation if he has everything and CDs and annuities.

  • @yellowtrain3161
    @yellowtrain31612 жыл бұрын

    This is why we have a housing shortage……this guy owns 3 or 4 houses……why??

  • @georgewagner7787

    @georgewagner7787

    11 ай бұрын

    That isn't why. It's because people don't have good credit or enough money. Otherwise they could just build their own house

  • @JosiahK555
    @JosiahK5552 жыл бұрын

    hopefully he didn't invest it on jan 3rd (: watching the market tank in the last week, today jan 24th..

  • @CVEIWKID
    @CVEIWKID7 ай бұрын

    Id rather get less returns thmore losses

  • @RanalL72
    @RanalL722 жыл бұрын

    Why did Dave just say no to I-Bonds?

  • @MrsGladysz

    @MrsGladysz

    2 жыл бұрын

    Each individual can only purchase $10,000 of I bonds . So a couple can purchase $20,000. Over the course of one year, at 7% interest earnings are $700.

  • @theraddadinvestor1000

    @theraddadinvestor1000

    2 жыл бұрын

    because they're I-Bonds lol

  • @davidmondragon2291

    @davidmondragon2291

    6 ай бұрын

    It only makes sense if you need to park 10,000 and not lose money on it but just keep up with inflation. No one gets rich because of ibonds

  • @markmyers3409
    @markmyers34092 жыл бұрын

    His pension income is like having a 2 million dollar nest egg. Plus he has 1.4 million net worth.

  • @CheJoffre

    @CheJoffre

    2 жыл бұрын

    Absolutely, I'd say closer to $3 Million if he retired at his minimum retirement age and lives into his 90s.

  • @saulgoodman2018
    @saulgoodman20182 жыл бұрын

    I bonds are paying 7.1 percent now. But you can only by 15k of bonds a year. So that is not junk like Dave say's it is. Last year their were, but not right now.

  • @marksweetser6312

    @marksweetser6312

    2 жыл бұрын

    10k

  • @saulgoodman2018

    @saulgoodman2018

    2 жыл бұрын

    @@marksweetser6312 10k if you by them electronically. 5k if you buy paper bonds.

  • @jameshunt4611
    @jameshunt46112 жыл бұрын

    Want a way to protect your money from being eaten away by inflation? The best way is to buy and hold Bitcoin. Not crypto, being very clear here, just Bitcoin. Bitcoin is not a currency so calling it a cryptocurrency is a misnomer. It’s an asset.

  • @ralfbo685

    @ralfbo685

    2 жыл бұрын

    Amen!!!

  • @user-wc2ho7im7j

    @user-wc2ho7im7j

    2 жыл бұрын

    It is called bs. It is at 38k.

  • @jameshunt4611

    @jameshunt4611

    2 жыл бұрын

    @@user-wc2ho7im7j nothing BS about it

  • @ralfbo685

    @ralfbo685

    2 жыл бұрын

    @@user-wc2ho7im7j you mean "severely undervalued at the moment"

  • @TheDjcarter1966
    @TheDjcarter19662 жыл бұрын

    Wow just amazing a guy you would think is so smart has almost $500K making almost 0% for who knows how many years...just sad especially as a retired military man myself. You don't need this money it is just going to your kids and grandkids as Dave said if you just put it in an index fund if you reach 85 they will have well over $1M. IF you aren't going to take that advise and leave it in bonds YES at the very least put it in I bonds so you at least keep up with inflation.

  • @caseyporter499

    @caseyporter499

    2 жыл бұрын

    Yeah but being 70 and having a million dollars is ridiculously unambitious in the first place.

  • @joie8465
    @joie8465 Жыл бұрын

    You can't run from taxes thou

  • @srdjr6760
    @srdjr67602 жыл бұрын

    Very foolish for Dave to just outright dismiss Series I Bond, which are currently paying over 7% with minimal risk. Does Dave keep up with current financial events? He seems to be out of touch. Additionally, the caller's overall portfolio needs to pace inflation with taxes. While a portion should be in equities, a good chunks should be in debt investments. CDs are an all around poor choice right now but he should max out I Bond purchases ($20,000 per year for the the caller and his wife). A portion should be in a high yield savings account or money market, which are currently paying half a percent (which is offset by equity investment return). Dave needs to reevaluate his strategies to incorporate current economic conditions.

  • @angelaonthego
    @angelaonthego Жыл бұрын

    They’re netting $93k/year on $1.4 million? Is that even real?

  • @kevinkidneyy
    @kevinkidneyy2 жыл бұрын

    CD NO GROWTH BUT LESS RISK. THATS BETTER

  • @Lon1001
    @Lon10012 жыл бұрын

    Coming to the comments to see if anyone says the caller should buy Crypto

  • @laylow8648

    @laylow8648

    2 жыл бұрын

    My feelings are this about Crypto. I don’t understand it. All I hear are grandiose stories about people hitting it like the Lotto. Nobody talks about getting burned. Nobody always wins at the Casino. The Casino win’s. I’m not getting in.

  • @James-vj5hz

    @James-vj5hz

    2 жыл бұрын

    @@laylow8648 The people that are recommending "crypto" are idiots that bought in 2021. 1-5% of net worth in Bitcoin is probably where the average person should be. That's it.

  • @ralfbo685

    @ralfbo685

    2 жыл бұрын

    @@laylow8648 you should try and understand it! Knowledge is power. Bitcoin is the most conservative investment crypto worth investing in. It has a track record of 13 years and a market cap of 1 Trillion. Most important thing to know is that Bitcoin is digital property. The other cryptos are more like stocks. If you think stocks are gambling, then they are gambling to you. But I see Bitcoin as a very low safe gamble.

  • @coniccinoc
    @coniccinoc2 жыл бұрын

    Last year, I started investing in microchips by way of a Fidelity mutual fund. I have a feeling these little wafers are going to continue to be important in the near future.

  • @laylow8648

    @laylow8648

    2 жыл бұрын

    What Fidelity Fund is that. I have Fidelity and am quite happy.

  • @TheChromelover

    @TheChromelover

    2 жыл бұрын

    I would prefer potato chips to semiconductor chips.

  • @everettcalhoun8197

    @everettcalhoun8197

    2 жыл бұрын

    They are the industrials of the 21st century.

  • @mathisnotforthefaintofheart

    @mathisnotforthefaintofheart

    2 жыл бұрын

    @@laylow8648 FSELX

  • @laylow8648

    @laylow8648

    2 жыл бұрын

    @@mathisnotforthefaintofheart Thank You, I will check it out right now .

  • @rn2811
    @rn28114 ай бұрын

    1.4 million net worth and he’s 75 years old making nearly 100K a year does he think he’s going to live forever? tomorrow’s never guaranteed get out and enjoy your life and spend that money.

  • @tngirl7348
    @tngirl73482 жыл бұрын

    😁

  • @theGrayArea2
    @theGrayArea22 жыл бұрын

    3 words…Smith & Wesson

  • @dylankramer9249
    @dylankramer924910 ай бұрын

    Comment

  • @jimroscovius
    @jimroscovius2 жыл бұрын

    Must be nice - I and my wife don't get pensions. We only get what we saved and invested.

  • @TheBigWanger

    @TheBigWanger

    2 жыл бұрын

    Don’t feel bad. Most of America is the same.

  • @wineman88881

    @wineman88881

    2 жыл бұрын

    No Social security?

  • @jimroscovius

    @jimroscovius

    2 жыл бұрын

    @Gary Hamrick We'll get Social Insecurity - whoopti doo. Why should I be happy with a stupid government plan that loses 4%? That doesn't even cover inflation. Our investments made 24.5% in 2020, and mine made 10.4% last year. Don't know what my wife's made yet, but it's usually higher than mine. I would have gladly given up SSI if they would have let me invest my money instead of stealing it from me. Only the government could sell the people on a rotten plan like that!!

  • @mannyjeanpierre4062

    @mannyjeanpierre4062

    2 жыл бұрын

    seems as though personal investments are better than pensions anyway. You can pass them off to your heirs and they don't go defunct if the company goes under

  • @jimroscovius

    @jimroscovius

    2 жыл бұрын

    @@mannyjeanpierre4062 Agreed!! The problem is that I'm forced to be in this money-losing Social Insecurity system. Just think how much I'd have if I could have invested that from the beginning!!

  • @rleonekc07
    @rleonekc072 жыл бұрын

    first

  • @gabe5892
    @gabe58922 жыл бұрын

    Lol still recommending mutual funds when s&p is returning around 20% or more the last 3 years

  • @roolyfe
    @roolyfe2 жыл бұрын

    I don’t think 🤔 I will ever be a millionaire 💵!

  • @motoryzen

    @motoryzen

    2 жыл бұрын

    With that attitude.,it's no wonder why.

  • @michaelobrien3601
    @michaelobrien36012 жыл бұрын

    I have 4.9 M USD in crypto assets at 34 years old. Take risks they pay off well. Take that 120K and put into USDC and earn 12 percent on that stable coin or buy UST and stake on anchor at 19.5 percent interest. CDs are the dumbest thing you can do with your money.

  • @ridenorthwest1687

    @ridenorthwest1687

    2 жыл бұрын

    Boomers won’t touch crypto till they realize they missed the boat when it makes 6% a year.

  • @alicel3992

    @alicel3992

    2 жыл бұрын

    @@ridenorthwest1687 It's a different financial world and we "boomers" are a bit cautious about things we don't understand. Many "boomers" have lost so much to scammers who promise "reasonable returns".

  • @michaelobrien3601

    @michaelobrien3601

    2 жыл бұрын

    @@alicel3992 Yet, most boomers hold cash. Its losing purchasing power so fast bc of stupid politicians even scammers can't keep up.

  • @rodeo626
    @rodeo6262 жыл бұрын

    No Dave, you're going to scam Roger from San Antonio. He has no idea what's coming to him....

  • @mikef931
    @mikef9312 жыл бұрын

    That’s some bad advice. Why would anyone worth a million dollars call a talk show host and ask for advice. Everyone has their own way of handling money.

  • @Noah-jr5sh
    @Noah-jr5sh2 жыл бұрын

    Bitcoin

  • @demri123
    @demri1232 жыл бұрын

    I would actually just recommend gold and silver bars for this guy

  • @tcgtpl
    @tcgtpl2 жыл бұрын

    @2:05 Wut? Mr Cash is King Ramsey is talking about purchasing power? Cash is the ultimate loser in purchasing power.

  • @cato451

    @cato451

    2 жыл бұрын

    Never ask Dave investing advice.

  • @ajax8079
    @ajax80792 жыл бұрын

    At 75 years old. Why be conservative about money? I'd spend it and spend it fast. Can't bring it with you.

  • @SakuraMo1844

    @SakuraMo1844

    Жыл бұрын

    What if he lives to a 100

  • @steelcastle5616
    @steelcastle56162 жыл бұрын

    First, he should move out of San Antonio, TX. Being a Spur's fan ain't worth dealing with the crime, etc there. Then sell the car and deliver pizza -- on a bike.

  • @kagnewcobra5228
    @kagnewcobra52282 жыл бұрын

    Why is he saving for his daughter and grandson ? For a legacy or for the nursing home. Thank you for your service

  • @erickisel8668
    @erickisel86682 жыл бұрын

    Buy gold! Precious metals preserve your wealth!

  • @ralfbo685

    @ralfbo685

    2 жыл бұрын

    Or the better version of gold you can move millions of dollars worth of energy of at the speed of light for a couple dollars... Bitcoin!

  • @blackmuslimconservative

    @blackmuslimconservative

    2 жыл бұрын

    @@ralfbo685 yes to gold, YES to Bitcoin!

  • @rrufio3026
    @rrufio30262 жыл бұрын

    Invest in Cardone Capital 😆

  • @roofingdyi6.7powerstroke8
    @roofingdyi6.7powerstroke82 жыл бұрын

    75 years old 1.4 million networth he's broke ,I'm worth 1.8 million only 32 years oldI have 9 rentals. No risk no rewards

  • @BunkMasterFlex77

    @BunkMasterFlex77

    2 жыл бұрын

    Cool story bro

  • @musicpro7278

    @musicpro7278

    2 жыл бұрын

    Ur being to cocky. That's not good I can see something bad happening to ur money in the next 5 years. It happens alot to people like you to humble you

  • @laylow8648

    @laylow8648

    2 жыл бұрын

    @@musicpro7278 You are reading my mind. Or this guy is pure BS.

  • @ProCoach2373

    @ProCoach2373

    2 жыл бұрын

    As long as you can ride out a valley, you'll be in great long term shape. That net worth is far from broke. LOL

  • @alinatamashevich3354

    @alinatamashevich3354

    2 жыл бұрын

    @@laylow8648 Lots of real estate multi-millionaires on Dave's channels. The own and manage 100's of rentals and have unlimited time to post comments. And all their tenets pay on time in full.

  • @euenfheiejrj
    @euenfheiejrj2 жыл бұрын

    Being a millionaire at 75 isn’t that impressive

  • @BunkMasterFlex77

    @BunkMasterFlex77

    2 жыл бұрын

    There's plenty of broke people in their 70's scraping by on social security too.

  • @euenfheiejrj

    @euenfheiejrj

    2 жыл бұрын

    @Jake Carter I’m 34 so I’m not but I would hope people would be millionaires by the time they retire.

  • @musicpro7278

    @musicpro7278

    2 жыл бұрын

    It's really not. I'm hoping to be a millionaire by 30

  • @Lon1001

    @Lon1001

    2 жыл бұрын

    @@euenfheiejrj By the time you're 75 you might be worth a couple million, but if this caller's kids aren't dumb with his estate at that point in time it will be worth over $10M

  • @DaveM-FFB

    @DaveM-FFB

    2 жыл бұрын

    FYI, to all the young folks out there - In 40 years, the entire upper middle class, and about half of the middle class will be "millionaires". Unfortunately, it will only have the buying power of about $350K in net worth today. You'll need to aim higher to live the way today's millionaires live. "Inflation is a real thing".