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@rebeccaramirez-

2 жыл бұрын

Thank you sir's

Most dangerous words an investor can say: “It’s different this time!”

@rachelharrison7961

2 жыл бұрын

@@percivalgooglyeyes6178 If it’s just like something that happened in the past, then it’s NOT different. New technologies replacing older ones has always been part of the system.

@tappedinmindset2246

2 жыл бұрын

@@percivalgooglyeyes6178 I do agree with you! as just starting my investment journey this is very interesting to see. wish us the best of journeys!

@Brian-hd4rb

2 жыл бұрын

Human nature never changes

@Musicienne-DAB1995

2 жыл бұрын

ROFL, yes!

@derekseguine6973

Жыл бұрын

And so many idiots will believe it.

Wealth building is about timing patience and knowledge.

@jortega61924

2 жыл бұрын

Wealth takes time? Meanwhile I am saving to be rich while I am still poor now.

@AwesomeK285

2 жыл бұрын

Yup totally

John is my favourite Dave Ramsey host. Super concise and calm and always gives great advice.

@mxerb5912

2 жыл бұрын

He’s a yes man to Dave

@lewisr7700

2 жыл бұрын

I can barely watch/listen to him but glad you like him.

@perotal

2 жыл бұрын

@@mxerb5912 to his defense being a yes man to Dave is a prerequisite to be a Ramsey "personality" unless you are his child of course.

@Anonyme67

2 жыл бұрын

Logan was the best to me

@ne9835

2 жыл бұрын

@@perotal Lol

It is all about FOMO = Fear of missing out

I love how they accurately describe MLM culture. FOMO, get rich quick with part time work, and not telling people outright what company they work for. People are flocking to them right now as they think the grass is greener on the other side. Heads up it’s filled with debt, false promises and astroturf. Huns give off a certain vibe to attract others. These companies need to be broken and restructured.

@Beanster25

2 жыл бұрын

Some of his sponsors are MLMs

@Musicienne-DAB1995

2 жыл бұрын

That is why I skip through these insane KZread adverts promising "high income opportunities on Amazon". I have not always been smart with money, but even I can see that this is a whole load of BS.

@jjawesome210

2 жыл бұрын

@@Beanster25 I don’t think mlm’s use traditional advertising. How would they sponsor DR or do mean DR doesn’t discourage people from doing mlm as long as they know what they are getting into?

You could talk to my parents too. They've been married 71 years and just moved from their house into a duplex. A nurse asked my Dad what his secret was, and he said, "A lot of 'yes, dears'. " 🙂

@skeetskeet9371

2 жыл бұрын

Glad my generation is moving away from that mindset.

@jeffb.4800

2 жыл бұрын

So basically be a simp and never stand up for yourself or beliefs. Got it.

@jimroscovius

2 жыл бұрын

@@jeffb.4800 No. He was joking when he said it. He laughed. Everyone laughed. The answer is understanding each other. My wife and I are on the same page regarding kids, finances, home things, whatever. Does that mean we never disagree? No. But do we fight about it? No. We discuss and come to an agreement. Sometimes she "wins". Sometimes I "win". We're civil.

@jimroscovius

2 жыл бұрын

@@skeetskeet9371 It was said in jest. Geez, you guys have zero sense of humor. Lighten up!!

@Musicienne-DAB1995

2 жыл бұрын

71 years! That is amazing!

I think that yes, it's a maturity thing and a fear of missing out/loss of bargain thing. We were very briefly involved in Avon some years ago and were not in the position to lose the money we lost, even on our first order! That's all it took for us to learn our lesson and looking back, we were blessed to learn that early on in the process. At the time, we were very vulnerable financially and physically, were separated from our families and our "Co-ordinator" definitely took advantage of that. I pray for her, who know what kind of trouble she was in to defraud young adults. It matured us and taught us a lesson the hard way xx

@littlesongbird1

2 жыл бұрын

Ugg. I used to sell for Avon and while it wasn't great it wsn't all too terrible. You really don't make that much money in profits because you have to pay for catalogs and samples, etc.

@Musicienne-DAB1995

2 жыл бұрын

We have that Avon thing here in the UK, and I was almost tempted into selling for them.

@kaelaleedaley

2 жыл бұрын

@@Musicienne-DAB1995 Yes, we live in the UK and it's everywhere! Xx

Long-Term Wealth & Stability requires Long-Term action, habits, & consistency. Conversely, Short-Term inputs & schemes will most likely lead to Long-Term problems & turmoil.

I think for a lot of people it's desperation. Many people are looking to get out of the situation they're in and the faster the better. Instead of being financially educated and knowing HOW people make a lot of money (multiple income streams, paying others to do a job rather than trying to earn all the money through a job and then investing what you have long-term rather than gambling), people are ignorant of financial things so they grasp on to the first thing they see ("Well this guy MUST know more than me!").

@phazon100

2 жыл бұрын

People get rich off of speculation.

@blacklyfe5543

2 жыл бұрын

Because they do!

Get rich quick is filled with scammers

Ecclesiastes 1:9 What has been will be again, what has been done will be done again; there is nothing new under the sun.

@nyajuokskitchen9683

2 жыл бұрын

Amen

@jaredhammonds8255

2 жыл бұрын

Just different versions of the same things

@Musicienne-DAB1995

2 жыл бұрын

One of my favourite verses and quotes ever.

I think it’s also about insecurity… more and more people look on Instagram and other social media and see these glamorous life style and we then feel that what we are doing is wrong and will never be good enough.

@Musicienne-DAB1995

2 жыл бұрын

No wonder excessive use of these programs is correlated with depression.

Great conversation!

I felt this and they're right because I use to think I was the exception to everything.

I can't say this will speak for everyone, but what has kept me skeptical of these schemes is being more enamored with the process of wealth building than the results. People who I see buying lottery tickets, joining MLMs, and FOMOing into cryptocurrency or NFTs seem to be only interested in the latter.

@Musicienne-DAB1995

2 жыл бұрын

Right, that is a great point.

@samuelfranklin4366

2 жыл бұрын

Did you know there are some people that own cryptocurrency without FOMOing into it?

Remember the basic principle with get rich quick schemes. Someone else is getting rich from someone else’s naïveté.

They saying if you used the old inflation reading data in the 1980s it would be 15%

@conradeaton4311

2 жыл бұрын

Yup they changed the CPI numbers to make it not look as bad as it is

No different than developing a six pack of abs, you have to eat correctly and workout persistently. People want the magic 💊 . Hard work, sacrifice and dedication is NOT sexy.

Some very good and sound advice here.

What John said is one of the reasons military is so agressive to sign on 18 year olds.

@Musicienne-DAB1995

2 жыл бұрын

Really? At what point do we call it manslaughter? I am not a pacifist, and I respect the military. But I have a deep loathing for the men who concoct wars based on false pretences and send other people's sons to go and die.

@stevenporter863

2 жыл бұрын

@@Musicienne-DAB1995 Respect that point of view but that is another conversation all together. The point is generally when people are young they think they are invincible. The older one gets (starting about post college age) they are more realistic and know their limits.

The new one is real estate. Everyone buying real estate.

Have y’all seen the inflation ! It’s crazy…houses n cars are soaring in prices. Keep calm n no FOMO!!!! We are missing out on nothing by waiting.

An upbringing in a fundamentalist religion is also a risk factor. Training folks from a young age to trust everything they read in a certain book or hear spoken from a certain place as the honest truth is excellent conditioning for those same folks to become victims of a seemingly pious conman later in life. To be sure, so-called "affinity fraud" schemes can occur in almost any type of group, but those who are less likely to question the motives of authority figures and in-group members make for easier targets.

@Musicienne-DAB1995

2 жыл бұрын

That can be true, but being devout does not mean refusing to question or critique (literalist).

Dave Ramsey is true information

If inflation was measured the same way as it was in the late 70s/early 80s then yes it is above 15%. Read how they use “substitution rates” where they take a product and substitute it for the lowest end product and use that increase. They basically substitute the rate increase of prime beef for spam.

I’m reaching here and I am not a parent yet but I think that it has a lot to do with how people are raised.

People fall for them because the people who come up with them get rich quick.

Proverbs 21:5 The plans of the diligent lead surely to abundance, but everyone who is hasty comes to poverty.

What will dave ramsey say about FBA amazon or drop shipping??

I have to say having the mindset of getting rich quick and taking high risk high reward investments when your young isn’t a bad thing. It’s when you get responsibility’s that you need to think more cautious.

@Musicienne-DAB1995

2 жыл бұрын

Young people do have responsibilities, though.

@uberboiz

2 жыл бұрын

Depends on how informed the person is and the motivation behind it. If he/she decides to blindly jump on a get rich quick scheme out of envy, based on 'tips' from his/her friends/family/random internet influencers, I'd say it's a bad thing.

@uberboiz

2 жыл бұрын

@@Musicienne-DAB1995 I know right. It's like saying a 16 year old with no kids doesn't need to look both ways when crossing a two-way street, which is non-sense.

The invincible concept kills all the time

This won't age well

Tax returns is around the corner, already getting spam calls and emails

Easy Money..........no such thing unless you are a politician or criminal.

@c.martinez1292

2 жыл бұрын

Isn't it the same thing?

Any one get distracted with the hand tapping at the beginning. My inner OSD was a little triggered. Love the content 👍

Proverbs 28:20. Amen, Dave.

Can someone define what does QUICK mean? Is it one month, one year or three years... ????

VERSE OF THE DAY: The temptations in your life are no different from what others experience. And God is faithful. He will not allow the temptation to be more than you can stand. When you are tempted, he will show you a way out so that you can endure. ~1 Corinthians 10:13

@kaelaleedaley

2 жыл бұрын

Amen and Amen! The Bible says Flee, Run from Temptation as Joseph ran from Potiphar's Wife xx

@tylerfabish5578

2 жыл бұрын

Lol. Typical joint youtube account, tells me everything I need to know. Quoting scripture on a youtube video but nowhere to be found at the soup kitchen or doing community walks.

I totally understand slow wins the race. But taking a risk that you can afford while being young and earning money is fun.

No journalism has not lost its credibility.

@amireallythatgrumpy6508

9 ай бұрын

Because there are no longer journalists...

You only live so long so if it takes till your 90 to make a million dollars there is no point.

@lynnebucher6537

2 жыл бұрын

But it doesn't typically take nearly that long, if you're doing it right. I'm living proof.

John looks like Dustin Poirier

The alternative to a get rich quick scheme is 60 years of hard labor and low pay. Who wants that? Anything quicker that avoids that is better right? What is bad about wanting better?

Can you afford more subtle audio capture devices?

Research Pendulums and Egregores. All your answers can be found by having a deeper understanding of those two interrelated terms and how they can effect you and those around you in everyday life.

i mean, who has time to get rich slow? there are lambos to drive and honeys to _______, and we're not getting any younger!

And if we still calculated inflation the way we calculated it during Carter it’d actually be about 15% today but I guess we have to go with the governments new math. If they admit it’s 7% it’s at least double that.

What does Dave think about the FIRE movement?

@chelbella6273

2 жыл бұрын

I’d like to know this too. Not sure he’d agree to RE but the FI part but he’d be on board with

@jrwntctv8091

2 жыл бұрын

@@chelbella6273 Correct. He often talks about someone he knew who retired in his 30s, and because he was only playing golf and fishing, his life didn't really have much purpose and he almost died early as well. A lot of people dream of retiring, however for most people it would only work for a couple of months tops, and then we need to find something else to do to keep us happy.

@lynnebucher6537

2 жыл бұрын

The best thing about FI is that you can be free to choose what type of work you want to do, knowing your bills will be paid and you don't have financial stress. You can take time off when you want to. It's an awesome feeling!

I love Dave Ramsey’s teachings! He’s helped me the past couple of years. However, Dave and his team’s thoughts on cryptocurrency is inaccurate. Do your due diligence… study and research 🧐

The love of money

I think everyone is lazy and wants to somehow get rich

@randy944

2 жыл бұрын

even people that aren't lazy fall for these scams.

@ratherfilmproductions872

2 жыл бұрын

@@randy944 true

@ratherfilmproductions872

2 жыл бұрын

@@randy944 some hard workers wouldn’t mind an easy way out I’m sure

@Brian-hd4rb

2 жыл бұрын

not everyone, some people work hard and have the patience

Watch Dragnet series " pyramid scheme"

@alleykeosheyan4779

2 жыл бұрын

It's on KZread!

Fear and Greed Index is 24 today!

Religious people tend to be the easiest to grift.

It is 15% Dave they changed and Manipulated the CPI numbers to show it’s not as bad as what it actually is.

People are looking some thang to fall out of the sky for (free).

"The internet is trying to make money off of you" says the KZread internet channel who wants to make money off of you... Big fan, just saying.

I feel like it was more so our parents, who believed everything on the internet, instead of millennials.. But good idea. Lo

as john continues to play a childs game on his hand.

I think the problem is the younger generation probably looks at Dave Ramsey and says well yeah I can be a millionaire if I follow Dave Ramsey’s baby steps but it’s gonna take me 20 or 30 years to do it and who wants to wait 20 or 30 years to be a millionaire when there’s people every day they can be a millionaire in a couple years now whether or not they keep it or lose it it’s up to the individual but even I believe you could probably octane millionaire status and a lot less time than 20 or 30 years

They fall for schemes by following their steps.

What is John doing with his fingers? Taping with the pen.

Youth maximalism

Hey Dave! Is joining an MLM a good idea?

@bblum91286

2 жыл бұрын

Please read all income disclosure statements and do lots of research before committing. 98% of people do not earn a living wage ($15 per hour min), get deeply in debt and do not have benefits. John Oliver did a deep dive that you can find all over the internet which is a great start.

@TheSewingRoomCincy

2 жыл бұрын

Also, thank you! I love the John Oliver Multilevel Marketing video too

With all the respect I disagree with you about what I hope the world’s future currency will be

It’s the end of the world and you know it

@cgasucks

2 жыл бұрын

And I feel fine...

@jrwntctv8091

2 жыл бұрын

Did you say that on December 30, 1999? Or in December 2012?

Yes, is emotional immaturity and FOMO. Think about it, you won't feel as good if your diversified portfolio is not behaving the same way as the crypto currency your friend just bought. You will feel the pressure to not miss out on that opportunity to get rich quick!

Get rich sick

If your friends jumped off a bridge, would you also?

He does realize that he is apart of large media right? Which means nothing he says is true either.

@picadosinferno

2 жыл бұрын

He still believes he is unique and unbiased.

I’m getting financial tips from Dustin Poirier.

😎👍✌🖖👌🤓

83rd

you wont lose money if you are not stupid - buy dips and hold

@cgasucks

2 жыл бұрын

So buying stock in Evergrande is a good idea? It's in a pretty big dip.

I'm going to get $20 M from that guy in Nigeria.

@allencampbell8322

2 жыл бұрын

Me too!

Bro, you're on the internet. If it's trash and has no credibility, just get a time slot on Fox News.