Looks like thw show changed its name from "The Dave Ramsey Show" to "The Ramsey Show". Also that new quiet intro.

@LG123ABC

3 жыл бұрын

Much more headphone friendly!

@alladreamwedreamed

3 жыл бұрын

We gotta let Papa Dave retire sometime :)

@Lepo4256

3 жыл бұрын

I love that new intro! Much nicer on the ears

@WannaBeHocker

3 жыл бұрын

I think he's retiring.......

@smithpianoservicing3421

3 жыл бұрын

Love the new intro.

Every family has a person who breaks the chain of poverty. I hope you will be that person!

@shivarahul-3387

3 жыл бұрын

Yo are you following me? You are literally everywhere

@michaeld751

3 жыл бұрын

I wish that were true.

...36k would be a year's worth of emergency fund for me. Ah well, different lifestyles.

@wewhoareabouttodiesaluteyo9303

3 жыл бұрын

Build it up to $54k for that warm fuzzy feeling.

@chalimi.fithratu

3 жыл бұрын

also different numbers of family members

I disagree with dave's advice here. If he needs only 30k, I would leave the investments as is and build the emergency fund from scratch. That's what anyone who didn't start saving would do anyway. If there was a dire emergency, he could always pull money out of the brokerage account. It's not like the 430k+ is going to go down to zero or anything. It's just gonna keep growing. No need to pay capital gains tax on it.

@JamesWilson-sb9iq

3 жыл бұрын

Yeah but let’s say he loses his job?

@cerebralvision

3 жыл бұрын

@@JamesWilson-sb9iq He can still pull 30k out of the brokerage if he loses his job.

@JamesWilson-sb9iq

3 жыл бұрын

@@cerebralvision good point

@cb4354

3 жыл бұрын

bingo. why pay the capital gains tax on it. Just build it from scratch. this video is terrible advice

@cerebralvision

3 жыл бұрын

@@cb4354 Yup. It is terrible advice.

I'm going to take the unpopular opinion. Long term, those investments have much more potential staying invested. Just be intentional for the next few months and save up the emergency fund.

@schuylergeery-zink1923

3 жыл бұрын

Sounds like they have a good income to do that. That’s also a great start to a bridge retirement account or that can be reinvested into real estate down the road. If they were struggling income wise I’d pull from it but it doesn’t seem like that’s the case

@DrJaredNelson

3 жыл бұрын

@@schuylergeery-zink1923 you've got the right idea. Long term that money should grow very well! 👌🏻

@JiisTube

3 жыл бұрын

Why not take the emergency fund out and then just be intentional for the next few months to fill the investment back up?

@DrJaredNelson

3 жыл бұрын

@@JiisTube good idea! You could do that, but it makes it a little more complicated. I say just leave the investments and save. 👌🏻

Personally, I think you could leave those investments. They will accrue more value over time. To build your emergency fund, cut down a ton on any spending you do. Rice and beans like Dave says. Do that for a few months and you will have your 3-6 month emergency fund saved.

@LG123ABC

3 жыл бұрын

He should at least move $1k over for the starter emergency fund. I would feel way too exposed without at lest that.

@jimroscovius

3 жыл бұрын

I would do what Dave says and pull the whole emergency fund out. I would rather rebuild my investment while having a fully funded emergency fund in case something happens.

@ryant2568

3 жыл бұрын

but the point of the emergency fund is not to make money it is there to protect you when life happens.

@fireseeker4him

3 жыл бұрын

Dave’s point is it’s psychological. Having it as investments and not an Em. Fund means that when a rainy day comes, you’re less likely to cash it out when necessary. Also, you might need cash quickly for your emergency and sometimes it can take a week or two to cash out investments and get a check. Better to have your emergency money where you can get it easily.

@genxx2724

3 жыл бұрын

@@jimroscovius You can’t rebuild an investment, because shares bought in the future will not be the same price as those purchased over the years. He will not restore his current position, and and the power of compounding will have been lost.

"Insurance is defense, investments are offence" - I love that.

I couldn't, I am so addicted to investing, I mean, not the worst addiction to have, but I can't even stomach getting rid of a low interest rate loans to limit my investments.

@Machiavelli876

3 жыл бұрын

Same here. I have a 3% car loan that I can't bring myself to pay off early.

@jaysen472

3 жыл бұрын

@@Machiavelli876 lol, 2.75% on my Tesla! 566% gain on investments though!

@ChristianSedaPlays

3 жыл бұрын

Same here 😭 Dave would say I’m keeping my student loan as a pet at this point.

Great timing ⏱

@thetruth5635

3 жыл бұрын

😘

Never needed to do that. I just auto saved to build emergency fund since high school. Also been using some of my stock dividends to automatically fund my emergency fund monthly for years.

@chrissain2803

3 жыл бұрын

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The cohost on the left is really nice to listen to. Thank you for having him on the show. Others are very abrasive and jarring

@graydoncampbell6246

3 жыл бұрын

You should go on his channel, he has great videos

@graydoncampbell6246

3 жыл бұрын

Anthony O’Neil

Good stuff.

@chrissain2803

3 жыл бұрын

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Very well put I learnt a lot from this analogy. I need to do the same thing.

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

great video lots of people forget this topic

good advice

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Can’t you just leave your emergency fund and grow it? A strong defense is also a strong offense

30k is a lot when its compounding. If you really want to build the emergency fund keep the 30k there and just stop investing and fund the EF.

Just an observation /!! Love y'all

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

the quite intro, love it

@chrissain2803

3 жыл бұрын

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Dave figures out that KZread displayed his show as the “Dave Ram” show!!! Lol

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Nice work 🎇🎆✨

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

That is a really good analogy. If you have money sitting in that emergency fund for when life inevitably happens then that is going to free you up to invest more which is going to make more money over the long-term.

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

I wish you would make your principles applicable for everybody in the world

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

I wish I had a yes man like Anthony sitting beside me all day.

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

The intro music was awesome, just too loud on KZread. Please put it back and just turn it down?

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

I would build emergency fund as soon as possible. Keep the investments.

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

He’d need to sell another 30 percent to pay the tax. I’d leave the money invested. Power save to get the emergency fund.

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

Nooooo where is the entro music😭

@jeffreywhitaker5154

3 жыл бұрын

😂😂😂😂

Thank god I don’t have to lower the volume for the intro on these videos anymore! Also, if that $30k is in a high yield savings account, it won’t “grow” but it will be safe and also earning .50% so that’d earn 10x the national average currently. Might as well have “insurance” that gives you something.

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

So glad that intro-song is gone.

I would absolutely

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Save from your job , let your investments grow , if you had no job I guess pull from investments and invest in a high yield savings for an emergency fund to liquidate fast .

I’d suggest maybe use the dividends from the investments to help build up the emergency fund, and pause investing until it’s fully funded. It could save some money on taxes by not realizing a capital gain.

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

@manny6020

2 жыл бұрын

Would the dividend taxes be less than the capital gains taxes?

Based on the title of the video I said hells nals don’t take it out. Once I hear what they have in non retirement I say hells yeahs!

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

New intro rules!!!!!!

I feel like the caller was gonna ask another question that wouldn't normally be asked but because of the shows timing they have to focus on one thing per caller. Missed opportunity

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Bottom line is simple, any debt is a liability....get out of debt ASAP. This isn’t hard...

Would have loved to have heard more about this caller, and ultimately which baby step he actually wound up on. My guess is seven.

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

my investments is my emergency fund.

Besides getting rid of the intro music, they changed the name and dropped "Dave". Interesting.

@bigd9040

3 жыл бұрын

That's cause he is phasing himself out lol

I really like the new intro. Edit: As a KC Chiefs fan, too soon, Dave 😐.

@LG123ABC

3 жыл бұрын

I just wish they had decided to show up for the game!

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

There still taxes

If investing on your own with 400k you can regain 30k quick. It is a problem to get there though when you don't have a lot to start with.

So, he should pull out that money from his investments (where it is getting higher returns) now so that, in the event of an emergency in the future, he doesn't have to pull that money out of his investments then? I mean, I get it is just the psychological action to prevent him from using his credit card instead. But this is someone who said he cut up his credit cards recently and doesn't have debt....

ChampaBay* 😏

I don’t get it.. why he needs to pull 30k from the 401k just for emergency funds! Why no just keep saving small amounts and if you have an emergency get the money from the 401k if you have emergency funds with easy access you will everything will look like an emergency when is not.

No!

@rachelgooden9981

3 жыл бұрын

But yes 🙈

@jaysen472

3 жыл бұрын

Lol, I'm so addicted to investing... I cring about taking money out!

“It’s 36 thousand dollars” “That’s not a lot” ...ummm....wut?

@believer1899

3 жыл бұрын

compared to the 430k he has in investments it's not

@patricksnyder4833

3 жыл бұрын

@@believer1899 I understand it’s not a huge chunk of his investment portfolio. However, it is a lot of money especially for a 3-6 month emergency fund. That means his essential expenses per month range from $6k-$12k. That’s a privileged lifestyle. I’m not hating, but the average American barely has enough to cover a $1k emergency so it comes off as a little tone deaf.

@todd2456

3 жыл бұрын

@@patricksnyder4833 many many people are above average. My EF has $50K in it.

@patricksnyder4833

3 жыл бұрын

@@todd2456 there’s nothing wrong with that. There would be something wrong if you claimed $50k isn’t a lot of money.

@karaayers2867

3 жыл бұрын

@@patricksnyder4833 it's all in what you plan to use it for. Is it a lot for someone to retire on? Nope is it a lot for you to take grocery shopping? Yes

My emergency fund is split between VOO & QQQ lol

What happened to that awesome intro guitar riff played by Dave Ramsey himself at the beginning of these videos!?

@iFYMxDRKNSFALLS

3 жыл бұрын

i think the elderly complained. the comments kept saying how grateful they are since it’s gone. I miss it since I know dave is coming up when my auto playlist is on.

@rob8582

3 жыл бұрын

That guitar riff was more recognizable than a Metallica intro....

Emergency fund in critical.

YAS! Emergency fund comes before investing!

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

TB12 🐐

Defense wins games

Use your money to make you money.... by investing.

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

1:49 to get to the freaking question. Can’t stand these callers who talk anecdotally on a national call. If you want to tell dumb sidebar statements, call Dave off air. We listeners are interested in Dave’s answer, not how the caller found Dave’s freaking book 📚

@lo1bo2

3 жыл бұрын

Yep! I'm glad when Dave or whoever cuts in and firmly say "What is your question?" when a caller spends so much time on their backstory or meandering through their current situation.

Tampa Bay😁

Pull from your job

@rachelgooden9981

3 жыл бұрын

Agreed

He seriously called about this? 😂

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Answer: YES.

Buy GME

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

His burn rate is $6k a month? O_o

@chrissain2803

3 жыл бұрын

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

Why not treat the investment as an emergency fund? Leave the money where it is unless you absolutely need it in an emergency? It's pretty liquid and you only get taxed on capital gains if you take it out.

@wewhoareabouttodiesaluteyo9303

3 жыл бұрын

They are assuming that discipline is nonexistent. If he treats the investment as an EF and say he always goes to use it as an EF, then he will deplete it faster and maybe even use it to buy things he does not need. If you separate accounts and make it harder on yourself to access it, the better chance you will never touch it and it can be used as intended. For instance, I have $3k in savings and $3k in checking. I know the $3k in savings is my emergency fund and it is going to need a fund transfer in order for me to use it in my checking account. That is a boundary I created for myself. Instead, I decide to throw all $6k in checking. I will assume I actually have $6k and most likely spend all of it because there is nothing triggering that this amount is needed to satisfy two different purposes.

@DrunkJackal

3 жыл бұрын

What a well thought-out response.

😁👍👌✌🖖 😎

God’s plan turned into assurance plan!” Literally 92% will like this comment