Just finished paying off my home and now I'm ready to dive into investing. I've got $350k ready to go and want to make sure I do this right for some solid passive income. Any advice from the community?

@JacksonMiley-iq7mo

5 күн бұрын

Congrats on paying off your home! That's a great amount to start with. I’d suggest looking into index funds and ETFs to diversify your portfolio. They’re less risky and a good way to get steady returns.

@BarbaraRichstone

5 күн бұрын

Absolutely! Diversification is key. Also, it might be helpful to get some professional advice. I’ve read about some financial advisors who are particularly good with newbies in the stock market.

@user-hx3qk8mw4e

5 күн бұрын

I’m in the same boat as @Andrian and could use some guidance. What’s the best way to start investing as a beginner? Any tips on finding a reliable advisor?

@BarbaraRichstone

5 күн бұрын

@@user-hx3qk8mw4e Kristin Amy Rose

@BarbaraRichstone

5 күн бұрын

Might be worth Looking into for a great start

So thankful. Bought my house at 19 and now im 25 and just paid off my mortgage last month with zero help from anyone.

@thegentlemandrummer8753

2 жыл бұрын

Amazing! What do you do for a living/how much do you make if I may ask?

@xfhnhhgjbvcfg

2 жыл бұрын

I bought and paid off my house in 16 months!! Started with absolutely nothing and within 2 years had everything. Using Dave Ramsey program,

@CPTZK11

2 жыл бұрын

What do u do ?

@dinofalcone6645

2 жыл бұрын

Now the investing starts for early retirement

@kingfeagley4306

2 жыл бұрын

@@dinofalcone6645 exactly!

Paid off our house back in April. Sent the wire transfer for the remaining balance on my 36th birthday. Feels really good. I find myself sometimes just reminding myself that “hey, this thing is paid off”. 😄

@nicksantillano8553

3 жыл бұрын

Congratulations!

@511Stallion

3 жыл бұрын

Congratulations that is awesome

@gsdogs3417

3 жыл бұрын

You are so young. That's crazy, I'm real jealous.

@mmc9828

3 жыл бұрын

Awesome!

@rickchandler2570

2 жыл бұрын

Just paid mine off last month. It's odd because I didn't expect it to feel any different really but now I take a little more pride in how things look and upkeep of things. I'm not "renting" it from the bank anymore...

Am I the only one who gets excited and starts clapping around the house when we listen to stories like this? This motivates me! Well done

@dr.bradshaw

3 жыл бұрын

I seriously doubt you do that but ok

@JERRRY26

3 жыл бұрын

@@dr.bradshaw don’t be a hater

@blessedlover3666

3 жыл бұрын

I literally was clapping too lol

@dr.bradshaw

3 жыл бұрын

@@JERRRY26 not hating just saying I seriously doubt it.

@DaGamerDad

3 жыл бұрын

That profile pic tho. 😆

We are mid 60s. Mortgage free, no credit card debt, no car payments, what a great feeling!

@Stegs

3 күн бұрын

im in my late 30s and 100% debt free. No mortgage, no car payments, no credit cards, no debt at all. Im in a place alot of people my age only can dream about. But like Dave said in the video, you must be intentional !

Paid off our 140,000 mortgage 23 yrs early.The freedom we feel now is "priceless!" Thank you Dave!

@SM-nn7dd

9 ай бұрын

congrats!!! im so excited for that feeling

8 months to go before we get our house paid off. I cant wait, I think about it every month. This will be a great accomplishment at 36 years old.

@geckster109

3 жыл бұрын

16 months for us. But im a bit older (46).

@Iburn247

2 жыл бұрын

I'm 37 and buying a house in Texas outright. Just sold our house in Massachusetts for 350k. I paid 215 4 years ago. I owe 178k and Texas has houses with land for cheap. Remodel the house I want and get some horses. Hoping within 6 months I'm there. I can't wait

My wife and I are in our 40s and paid off our home early this weekend. What an incredible feeling. It's worth $650,000. EDIT: Here is some clarification, due to some concerns in the comments. I built the home in 2005 . Loan was for $240,000.

@jamesmccormick4391

Жыл бұрын

You and your wife are awesome. Congratulations Hope to be like you someday

@donaldlyons17

Жыл бұрын

As far as I can tell I am just glad he comes from a duel income household. I can't imagine if each of them individually had to come up with 650K!!!!

@beaulieuc8910

11 ай бұрын

This is great, So much pressure off

@ToOpen6seven

9 ай бұрын

WOW congratulations!!!!

@DamianBadalamenti

8 ай бұрын

Congratulations

I too in the paid off club, and have never heard anyone say "I hate that I paid my mortgage off early."

@dans3718

3 жыл бұрын

@@wordsalad01 Amen!

@geckster109

3 жыл бұрын

16 months away!

@James-vj5hz

3 жыл бұрын

I'm leaning toward paying cash for my first place. I can always borrow against the home if it really bothers me (It wont).

@johnSmith-uz8nl

3 жыл бұрын

@@James-vj5hz Do you have the cash? Saving to buy a home I don't consider this a smart move, but the least I have put down for a property was 30%. HELOC's today have high interest rates IMHO (4%). I am grandfathered in my HELOC at .75% below prime... currently 2.5%.

@James-vj5hz

3 жыл бұрын

@@johnSmith-uz8nl I have liquid non-retirement investments that could cover a home purchase. I'm 25 fyi

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

@DavidAntony-gq7id

9 ай бұрын

As you plan your retirement, be sure to talk with a financial advisor who can help you make the most of your retirement investing scheme.

@harrisonjamie794

9 ай бұрын

@@DavidAntony-gq7id Very true, If you're looking for help building a retirement nest egg, you most likely want a certified financial planner with expertise in retirement planning. With the aid of a coach, I grew my reserve from $160k to almost $600k during this Red season.

@DavidAntony-gq7id

9 ай бұрын

@@harrisonjamie794 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

@harrisonjamie794

9 ай бұрын

@@DavidAntony-gq7id lookup KRISTIN GAIL CUNNINGHAM , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses

@DavidAntony-gq7id

9 ай бұрын

@@harrisonjamie794 Thank you so much! Found her webpage and left a message. Hopefully, she responds.

This is awesome! I’m on my debt free journey, paid off $26k of my $40k student loan, and then $80k left on a mortgage, sometimes I get overwhelmed thinking about it but then I hear stories like this and get really motivated for the next 6 years!

@scotttracy9333

2 жыл бұрын

$26k paid off of $40k is awesome. Im clapping for you right now. That'll be paid off in a heart beat and you can move onto your mortgage. Keep going don't get disheartened!!

@jimroscovius

2 жыл бұрын

You can finish - you're doing great!!

@jb111082

2 жыл бұрын

Keep grinding away! We're all cheering you on, and we got your back!

@Imhere12345

Жыл бұрын

Update? Hope you still doing it!

@beaulieuc8910

11 ай бұрын

i paid off my mortgage this month. Went to charity shops for clothes, don't have many friends to waste money on, don;t have expensive kids and pets, have cheap holidays but I invest in cheap hobbies like crafts so I don;t go out shopping all the time. Tips: Never have kids or dogs and horses. Never waste money on drug. Overpay the mortgage

Best thing in my life was to come across this wisdom 5 years ago, Thanks Dave and thanks to a complete stranger in the airport of Boston that mentioned you in a random conversation about life over some beers while waiting for our flight! Watching you in the last 5 years has become an addiction, a good one I might had. Got the house paid at 39 and laugh at the math geniuses that keep defending to stay in debt for longer to "win on the spread". Next target is to achieve USD 1M net worth...almost there, planning to be there when I am around 46. If only I have met this man ten years earlier!

@scappel

Жыл бұрын

I played the spread and got there by 35.

@jillwilliams7554

5 ай бұрын

@@scappelPlease explain this. I’m listening.

That freedom is something worth fighting for! I’m 32, my wife is 31 and we’re about to be 100% debt free, including our house in the next 2 months 🙌🏼 Thankful to the Ramsey team for all their wisdom

@thomasorchard

Жыл бұрын

Did you do it?

@japolo6388

Жыл бұрын

@@thomasorchard sure did!

@thomasorchard

Жыл бұрын

@@japolo6388 Congrats! I have $31,500 left on my mortgage. I plan on having it paid off by the end of 2023.

@japolo6388

Жыл бұрын

@@thomasorchard keep getting after it!! First thing I did was walk barefoot on my grass.. haha.. it all feels different. Well worth it.

@thomasorchard

Жыл бұрын

@@japolo6388 28,400 now 🙂

Dave says the greatest thing about money invest it, enjoy it and be generous with it ❤️

@0mllnahellcat310

3 жыл бұрын

Exactly and thanks for your support I will also advice you get into crpto trading with the aid of my trader Christopher on WhatsApp and make good profit...

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2_O24O

We paid off our house 1 week ago. We paid a 30 year mortgage (yeah, yeah I know. Got the mortgage before I started listening to Dave.) off in just under 9 years. It took a lot of self control the last month or two to not raid my emergency fund and pay it off sooner. I didn't want Murphy showing up so we waited. My wife and I are in our mid 40s. Looking forward to saving for early retirement and traveling more.

We paid off our house Dec 2020. We bought it 9 years ago for 314K and now its worth almost 550k, not that I like this insane market we live in right now.

@michaelvan6675

3 жыл бұрын

Bought mine 2 years ago for $345k and Zillow says is now $520k.

@Big-Government-Is-The-Problem

2 жыл бұрын

a lot of people are selling their big expensive house and buying an RV or much cheaper smaller home to live in for a few years and waiting for the crash so they can rebuy a nice big home for half the price they are now. interest rates will eventually go up which means housing prices will go down. i live in my forever home though, so the price is irrelevant to me, ive got a garden/orchard ive been working on for 20 years and thats something that cant be replaced.

@mr5timewcwchamp

Ай бұрын

@@Big-Government-Is-The-Problem Well, wouldn’t count on housing prices dropping yet. Rates are up, not expecting cuts and prices are still remaining if not going up slightly.

33 with a paid off condo as of 3 months ago and it’s incredible. Putting 25% into my 401k(22% plus a 3% match), 25% of take home into my brokerage and living life. It’s super relieving beyond making money from the spread of the stock market. No car debt(paid cash for a model 3 performance recently), no credit cards, no student loans. Life is a breeze now. $300k net worth on $45k salary.

@rajeshbhusal

4 ай бұрын

Wow. Great to hear!

@znogaragego3421

4 ай бұрын

Awesome. If you’re not already, max out Roth first before any brokerage.

@logdon17

Ай бұрын

A $45k salary? Man you are blessed, most people making that salary usually have no assets or live pay check to pay check. You are in a great spot.

@ethanshy280

Ай бұрын

@@logdon17 yeah, I have been blessed in a lot of things. Bought a condo in Nashville for $118k that should have been around $160k in late 2017. It’s worth about $190k now and where I am living. 24/7 doorperson and a beautiful building. Low HOA too. Rented it out starting late 2021 for 2 years and it cash flowed a lot. Bought another place late 2021 and sold it shortly before that comment and made $50k profit after realtors tax free. Paid off condo 1 and moved back in. I also made money hand over fist during investing during COVID since I was only laid off for a month. Last month when I did my net worth it was up to $335k, but it’s definitely dropped a bit this month due to the stock market taking a hit lol. I also got a nice raise recently, so I’m at $50-55k depending on OT. But yeah, I have been super blessed and made mostly good decisions.

It was a great feeling making that last payment on our house - 13 years early.

@0mllnahellcat310

3 жыл бұрын

That's great and thanks for your comment. I will also advise you get into crpto trading with the aid of my trader Chris on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2-7O2_O24O

@beaulieuc8910

11 ай бұрын

yes, it is briliant

A lot of my friends ragged on me for paying off my house before covid happened while interest rates were low instead of investing. They're now struggling with 7-9% interest rates along with higher inflation with groceries and catching up after their work gaps during covid. They've had to pull a lot of their retirement funds. Something about a paid off house is so comforting and empowering, and that money that's just freed up every month feels better vs. having to potentially pull money out of retirement and be taxed on it. My friends haven't ragged on me in a few years for obvious reasons. Im happy when i hear people like this have a paid off house cause i know the peace of mind that comes with it.

@ourtube4266

4 ай бұрын

If you already had the loan before COVID when interest rates were low and they got stuck with high rates later, it’s more about getting lucky with the housing market and has nothing to do with paying off that mortgage. In fact, if you secured a 2-3% mortgage then that’s the absolute best loan to keep for its duration and focus on investing. Don’t get me wrong, I’m happy for you, but I think you just got very lucky by locking in a great rate. Unless, you had a variable rate mortgage, in that case you absolutely crushed it and you probably did the best thing for your finances.

@Gas_man

16 күн бұрын

Those people will refinance in a bit and get a lower rate. Big whoop. And the rates now are still lower than what the market has returned since its inception. Much better off investing than paying off your house early.

@GEN47-27

3 күн бұрын

so good knowing that if any of those investments go wrong you still have a roof over your head that cant be taken from you

Pay off your debt, live below your means, save, invest and continue listening to Dave Ramsey. When broke people tell you this system doesn't work, consider the source.

@0mllnahellcat310

3 жыл бұрын

Exactly and thanks for your comment I will also advice you get into crpto trading with the aid of my trader Chris on WhatsApp and make good profit..

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2_O24O

@beaulieuc8910

11 ай бұрын

agreed and don't have things that always increase debit like kids and dogs and horses

@coniccinoc

11 ай бұрын

@@beaulieuc8910 lol! Being around people and pets you love is expensive but also a blessing worthy of being cherished : )

Took me a year to decide on whether to pay the house off or hang onto the cash. I paid it off last month and I have absolutely zero regrets 🎉 it’s very liberating to be debt free! No car payments either 😊

@tranger4579

11 ай бұрын

It definitely is. I know exactly how you felt. I had the what if something happens factor that kept me from paying off my home. I just jumped in one day and paid it off. No regrets I made my money back quickly.

@re8746

7 ай бұрын

We paid the house off last year. It’s all about being debt free.

@mra95662

7 ай бұрын

cash is a depreciating asset

I paid off my mortgage on my £250.000 home 3 days and it feels amazing. 10 years earlier than expected too so now I can concentrate building up my pension which I’m far behind on as I’m 54. Thanks for your inspirational video and it’s great to be part of the mortgage free clang!

@dummgelauft

4 ай бұрын

Where did you find a home for 250,000 quid?

Congrats!! Paid for house at 38/40! Amazing.

@marcusarelius

3 жыл бұрын

With $7,000 - $9,000 in disposable income per month. That's insane!

@jill9606

3 жыл бұрын

@@marcusarelius yep and I’m not knocking him for that! It may have been easier for him to pay it off, but he was disciplined enough to put the money on his debt and not blow it. So much respect for him!

@Big-Government-Is-The-Problem

2 жыл бұрын

thats not hard to do when making nearly $400k a year lol. at that income someone could pay off a $200k house in less than a year. im not downplaying their achievement, its obviously amazing what they've done.

@jimroscovius

2 жыл бұрын

@@Big-Government-Is-The-Problem They could have squandered it, but they didn't. That's why they won!!

@scottwilliamson6762

Жыл бұрын

They only have 350k in savings/investments ?

11/21 I sold my 2800sft home and purchased a smaller house CASH!! Great feeling before 50!

Wife and I paid our house last year. I’m 53 she is 50. We are now putting a $1000 away per month in our 401k. Life is good. It’s about being out of debt and living below your means.

@jml9550

7 ай бұрын

I paid off my home 1 months after turning 50, before thanksgiving 2022. Loving life. 😊

My parents just paid off their home this year. Very proud of them.

I paid off my first house this may when I turned 28. Looking to get a duplex next.

Just paid house off last month - great feeling debt freedom

We just sold an investment property and paid everything off. Time for coast F.I.R.E. What a feeling not owing anything to anybody! Thanks Dave!

@scbane

2 жыл бұрын

Dave only put the batteries in the flahlight of hard work. You guys actually did the work and sacrificing. Thank yourselves!

@floryder8385

2 жыл бұрын

Congrats on F.I.R.E.! With the market as it is now my wife and I are thinking about doing this as well. Our investment property has literally increased about $120k in the past 3 years. With the profit from selling we would be able to pay off our home and then some. Everything else is paid off. We are thinking of adding a second story in the next 5-7 years so not sure if this is the way to go. Thoughts?

Looking forward to the day before I get to pay my mortgage off!

@0mllnahellcat310

3 жыл бұрын

That will be nice and thanks for your comment I will also advice you get into crpto trading with the aid of my trader Christopher on WhatsApp and make good profit...

@0mllnahellcat310

3 жыл бұрын

I 3I2 7O2_O24O

I think he needs to start delivering pizzas

@DM-zw3dj

3 жыл бұрын

Two pizza delivery jobs!

@jeffreyabbey9592

3 жыл бұрын

🤣

@jimroscovius

3 жыл бұрын

He doesn't need to do that now.

@jimroscovius

3 жыл бұрын

@@caribbeanbound8357 Meaningless jokes are stupid. He's doing great.

@lucienpayne9552

3 жыл бұрын

A 9 second drag car.

Hi Dave. A shout out from Australia. Thank you so much for these videos. The low levels of financial literacy across the western world sadden me and I respect & applaud your efforts to help people. Keep up the good work.

I can’t wait to have a mortgage to pay off

@deemiller5024

3 жыл бұрын

Rooting for you :-)

@TopVillain

3 жыл бұрын

The bills don’t stop baby

@TheMopar97

3 жыл бұрын

@@TopVillain yea but they go down by half without a mortgage

@TopVillain

3 жыл бұрын

@@TheMopar97 yes but there’s no such thing as debt free you will always owe at least 6-7 people money

@TheMopar97

3 жыл бұрын

@@TopVillain yes there is. Debt vs paying for service is different. Yes, you'll always owe property tax, but you dont HAVE to have electricity services, you can have solar, you can have your own well water, you can commute without a vehicle... you can literally live a life while owning a home without owning anything besides property tax and insurance... I dont know where you got 6-7 people in "Debt" ?

I've been crunching the steps since I was 27 (33 now)...will be paying off our mortgage this year and buying another property cash to rent out....I kinda wish Dave spoke more about real estate investing and how to buy good deal etc like he has done

I wish they would do a generosity theme hour. All the really cool and unique things people have given or done for other people

@brianmcg321

Жыл бұрын

They do that every thanksgiving

I dig those three buckets of where money goes - it allows you to feel good and know your setting yourself up!

Whoooohooo! Paying off my house in two weeks! Started my debt snowball payoff in June 2020 and in my late 50s. Its doable if you are intentional. Been throwing every penny at all my debt and paid it off Now Paying off my mortgage in two weeks! Looking forward to having more money than we know what to do with.

@jsr44444

7 ай бұрын

I hope you’re enjoying your mortgage free life!

We paid cash for our 81 farm at 35 and 33. I love the feeling where your biggest bill each month is your property taxes. We built an off-grid Air BNB cabin which pays the taxes, heat, power, and internet. Dave's teachings have truly changed our family tree. We are so thankful for him providing us with the tools to become debt free.

Are they dr and lawyer? 38 and 40 and they're already reached their millions already. Way to go!

How inspiring! Im jumping on this train ! Thx everyone

Nice! My wife and I are about 2 years behind these folks. Moving out of state for my wife's work and to be closer to her family, debt free this year. We are buying property and building a house with cash. We should be net worth millionaire's when I get the house finished.

Congratulations 🎊🎉🎈 🏡 paying off house!!!

So blessed i bought my house at 10 and paid off at 12. No help from anyone! 🙏

Just sold my house for way more than it’s worth. Once the eviction mortuary ends there will be a fire sale. You would be shocked how many people are about to lose their home

@colewildenhus7207

3 жыл бұрын

You’d be shocked to see how many people with more money than they know what to do with are waiting for a buying opportunity. Anytime there’s some kind of tragic news it’s a buying opportunity

@TheTurdballs420

3 жыл бұрын

@@colewildenhus7207 Even Dave made a ton of money buying distressed properties in 2008 😉

@johnSmith-uz8nl

3 жыл бұрын

I don't see the market being effected by the upcoming foreclosures. Banks will be selling the foreclosures at market values and I expect many people will make offers over asking prices.

Great add to the show! Digging this more then the other content; I’ve already listened to that for years

@0mllnahellcat310

3 жыл бұрын

Okay that's great and thanks for your comment I will also advice you get into crpto trading with the aid of my trader Christopher on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2-024O

Congratulations 🎉😊 I paid off my home in 2020 as well 😅. Im a single home owner earning slightly over 6-figure income, and a career promotion is approaching that should increase my income about 25%. I enjoy what I do as well 😊. 🎉

Thanks to Dave my wife and I were finally able to get on the same page. About 2 years after we did FPU we've paid off our house. Stress level has gone down, freedome has gone up. I had been involved in a separate personal finance learning group prior to starting Dave's program that's why it only took 2 years.*

@jimroscovius

2 жыл бұрын

Awesome!! Dave's stuff works!!

Now he can upgrade to rice and beans AND all the tap water his heart desires.

@ericshang7744

2 жыл бұрын

You mean he now should enjoy fried rice instead steamed ones.

@danngoral1043

2 жыл бұрын

I laughed pretty hard at this

Dave is a very very wise man! Man of God!

I’m watching years later congratulations 👏🏼 👏🏼 and I wish I could do this one day 😊

@bobtailsquid

11 ай бұрын

You will, 2 years ago my mortgage felt like an endless abyss that I could just throw $1000s into.

My husband and I are very close to paying off our house also. In the next few years. It’s so exciting.

@0mllnahellcat310

3 жыл бұрын

That's good and thanks for your comment I will also advice you get into crpto with the aid of my trader Christopher Stephens on WhatsApp and make good profit

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2-O24O

Congrats!! So excited to pay off our house! About 1-2 years away

Cool! Awesome! Great! Well Done!

What's the mood/opinion for etf stocks where you don't actively track the stocks but the fund does...

That’s was some great advice

Did Dave say 20 seconds omg! the best 20 seconds ever!

id like to hear input on whether you believe you should pay off a house first when the mortgage is 650k... with no stock market investing... in my area 650k is low for a house... its now worth 900k. i cant really move to a cheaper house.

@Itallnew

2 жыл бұрын

Good idea to google his “baby steps” and follow his plan

@jhondoe1483

4 ай бұрын

“You can’t move to a cheaper house” you’re lying to yourself.

made our last house payment july 2017. since then we have been rolling in cash. saving about 4k usd a month. 6 years untill retirement for us

Cannot wait for this to be us one day soon 🙏🏽🎊

A friend gave me the Total Money Money Makeover in 2007 while I was still in College. I graduated in 2009, paid off my $25k of student loans in 9 months. From there I invested in real estate and now my passive income is more than my 6 figure job with a net worth over $4 million. I don’t have personal debt, but do leverage the real estate due to the low interest rates. Anyone can do this stuff. It really is simple.

@aaronsmithcpa9316

2 жыл бұрын

this is really cool. great job

@marysaltlife1427

Жыл бұрын

Good for you, Tracy! Fantastic achievement being young. I envy your future. GOD bless.

I just paid my mortgage off in 7 years. Like a weight off the shoulders to not have to owe anyone anything!

Im 25 & currently owe $6,999 on mortgage should be paidoff within 3 months. House worth 165k-185k

@bobtailsquid

9 ай бұрын

Did it

@re8746

7 ай бұрын

Good move ! Nice job.

Finally no Ramsey personalities as guests 😍

@0mllnahellcat310

3 жыл бұрын

Smiles thanks for your support I will also advice you get into crpto with the aid of my trader Chris on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2-024O

Remember to set aside $400+/- a month to pay the taxes and insurance. Then for a month or two just relax because you did it then take the money and start funding your retirement and other things

@johnSmith-uz8nl

3 жыл бұрын

$400 a month??? My home is valued at $425K and my real estate taxes are $6k, insurance is $1.5K. That's $625 per month.

@marcusarelius

3 жыл бұрын

@@johnSmith-uz8nl Ours is $210 / month. $300K home

@geckster109

3 жыл бұрын

@@johnSmith-uz8nl Mine is $3100 taxes, $1100 ins on a $245K home. So $350/mo

@WearetheSwirl

3 жыл бұрын

@@johnSmith-uz8nl homestead?

@jsr44444

7 ай бұрын

0 percent taxes in 🇬🇧 once the mortgage is paid.

I’ve got one more year to go till I pay off my home! We purchased it two years ago and we were hoping to pay it off in twenty years till we decided to do travel nursing

Some people are truly blessed in life and have earned what they deserve. This guy is one of them!

Paid our house off this week! 34 and 41!

I‘m from vienna, austria. (ICU nurse) Bought an apartment (30m2) last year for 150000. Got an 1.25% loan for 30 years. I dont think I‘m gonna pay it off early. In my case its probably better to begin to invest (ETF, Index fonds) than to pay off my loan and start from zero again.

I am glad I came across Dave show….,,I am not debt. free but. We are. Working toward this. Goal.

In under 6 months I am going to evict the bank from my house to the curb!

Way to go! Amazing income!

@0mllnahellcat310

3 жыл бұрын

Exactly and I will also advice you get into crpto trading with the aid of my trader Christopher Stephens on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2-7O2-024O

My husband and I will make our last mortgage payment December 2023! So so so very excited

@addylynn7941

7 ай бұрын

Next month!! 🎉🎉🎉

Im selling, downsizing and buying outright in Texas. See ya Massachusetts!

What % would you put in each area(fun, investing, generosity)?

Dave always speaks to the rich in such a nice way

@xmirame

2 жыл бұрын

Cause they’re not being ridiculously dumb. He doesn’t need to scold them for making bad choices.

@janstolk486

4 ай бұрын

Ritch people are not the enemy , you know . It's non productive people that are sometimes up to no good . Especially politicians , lol !

Hello everyone and anyone who is watching. I will be paying off my mortgage in about 2 months. Our home needs a lot of work. We need to replace the roof the electrical and the plumbing because we were busy putting our children through college and basically focused on that getting them through college and did not do any major upgrades to the house because we couldn’t afford it. Now that we’re going to be paying off their house we are debating if we should pull money from the equity or take out a loan to do all the things that we need to do to the home or turn around and try to sell it and move to a home that doesn’t require a lot of work.

@resourcefulqueen

2 жыл бұрын

Good question. I suggest asking real estate agent to suggest an asking price, then subtract expenses. Take that number and go look at open house to see what you can buy within your budget. Also get estimated cost to fix up your current house. Congratulations in getting your kids set up with an education. Now it is up to them to set up their lives. Have they takes Financial Peace University? This information will help.

1. Generosity 2. Investing 3. Fun ❤❤❤🙌

@0mllnahellcat310

3 жыл бұрын

Exactly and thanks for your comment I will also advice you get into crpto trading with the aid of my trader Christopher on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2-O24O

Yeah im so glad i cashed my house at 25 it was 6 years of working overtime and being frugal but now so worth never had a mortage and never will!

@0mllnahellcat310

3 жыл бұрын

Okay that's good and thanks for your comment I will also advice you get into crpto with the aid of my trader Christopher on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2_O24O

@shadypines9929

2 жыл бұрын

Cool. What's your job?

@letsbefreeletsbefree7183

2 жыл бұрын

@@shadypines9929 accountant in sweden :)

Debt free, early retired due to oil company downsizing. Allready had paid off house at 40. Adopted kids. So good so far. Then divorce at 45 . Texas law the ex wife got the paid off house and kids we adopted even as I was mr mom. Man discrimination my humble opinion. Perhaps I should of claimed I was trans and Texas would have fallen alk over themselves to grant me custody. Lol. Wife had a job she loved a career I helped her pay for I thought If anything happened to me I wanted her to be able to get a job she liked or I had insurance, savings etc. So she would not need to work . Silly me. Continuing she did get free house in divorce winnings and 2 grand she thought as future child support. After all her mother told her if she divotced she would get this much.....She Lost paid off house by getting home equity loans to buy 3 new cars. Lost job. Kicked out son we adopted. Court this time no child support to be paid by either party. I went back to work for another 18 years at various jobs I could find .i.always loved work and started a working as a child on a dairy farm at 10 years old. Boring sitting around anyway. Now 65 after lost last part time employment at 58. So either unemployed or retired. Social security income zero . May wait to 70. IRA income zero, waiting on this as well. Have a small house. Paid off and 33 year old adopted son still in house. He Works and may go back to school. In the mean time I am Living off savings in a vanguard balanced fund that actually did do better than sp 500 fund and some growth too. Son pays a portion of utilities as he should. Be careful who you merry. This one choice can't be wrong. Otherwise suffer consequences.

Is anyone else thinking the numbers don’t add up? $360k household income, supposedly no debt, but only 7500-8000 in disposable income every month? I mean before taxes that income is $30,000k a month, after taxes I feel like he should have way more… maybe closer to 15-18k disposables (after investments)

@HappyPenguin75034

Жыл бұрын

I think he added an extra zero

Unlike that and congratulations for the couple 🎉

Congrats! Now start investing in YOU!! Welcome to the world of self-banking!

How do you take home 120k from 350 pre tax

This guy needs to take The Legacy Journey! Excellent class. It's available with a Ramsey+ membership or FPU.

@0mllnahellcat310

3 жыл бұрын

Thanks for your support I will also advice you get into crpto With the aid of my trader Christopher on WhatsApp and make good profit.

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2-O24O

@Will-wp2cp

2 жыл бұрын

@@0mllnahellcat310 No sir, I'm not doing Crypto.

Good problem to have , I’ll be there in 5 years !

@0mllnahellcat310

3 жыл бұрын

Thanks for your comment I will also advice you get into crpto trading with the aid of my trader Christopher on WhatsApp and make good profit....

@0mllnahellcat310

3 жыл бұрын

I 3I2_7O2_024O

Sheesh. In our mid to late 30's our household income was about 10% of these people. What do they do? Is one a lawyer and one a physician?

@weswest8666

3 жыл бұрын

Idk what the caller does but IT and nurse combined income is pretty common, 300k household bachelors degrees only…

@nsbioy

2 жыл бұрын

Possible. Or two doctors. Or one doctor and a stay home spouse.

@jhondoe1483

4 ай бұрын

I’m a cop and my wife does wedding cakes, our combined income is in the ballpark of 350 in our late 20s.

Why would I pay a mortgage at 3.1% off early? I can triple that in the stock market every year. Everyone paying off their low interest mortgages (5% and down) early are leaving money on the table. What is the point?

Everybody has overlooked the fact that this man bought 50 million dollars worth of real estate in 2008. He's probably worth almost 500 million dollars right now. Especially since he owns in the nashville market....stay woke.

@yourhomeisyourbusiness2221

3 жыл бұрын

Good for Dave! Envy is drinking poison hoping someone else will die.

@KDTheInvestorAgent

3 жыл бұрын

@@yourhomeisyourbusiness2221 no envy here Nancy, just pointing something out that went over everyone’s head that’s all!

@yourhomeisyourbusiness2221

3 жыл бұрын

@@KDTheInvestorAgent SOMEONE going to purchase those foreclosed properties, if not Dave Ramsey. Because he was prudent, he was able to do it with cash. Kudos on him. He filled a need - he purchased properties no one else had the money to purchase. Woke=Broke

@KDTheInvestorAgent

3 жыл бұрын

@@yourhomeisyourbusiness2221 …lol what. Do you own investments besides mutual funds? I’m an investor in real estate that’s why I mentioned it.

@Gregoman89

3 жыл бұрын

@kwake darko what he said out loud went over everyone’s head! Wow. You are proving his point. Stay out of debt so you can take advantage of what is happening.

BRAG CALL!!! xD

@geckster109

3 жыл бұрын

The jealousy in you is STRONG!

Enjoy life that's what know what

I’m 38. Baby step two. Womp womp womp

@actuallyterry

3 жыл бұрын

I'm 39 and on baby step 2 as well. Dont compare yourself to others. Just get yourself out of your mess. You will get there.

@ericapedroza7067

3 жыл бұрын

Baby step maybe the longest step but dont get discouraged keep at it!

@midkort

3 жыл бұрын

Just keep going. Don't compare. You can do this!

@quest4knowledge768

3 жыл бұрын

Ben B who cares your on the steps that's what matters. There will always be people worse off and better off which direction are you going. We only get older. Would you rather be on step 2 at 50? You can do it don't stop.

@deepthinkerpoet

3 жыл бұрын

We are all on our own time line. Don't worry! 😇

Something just aint adding up here. Calls in to say he is paying off his $325k house, and then claims he will have an extra $7500-$9000/month now. I'm no math major, but how is the monthly mortgage on a $325k house $7500-$9000/month?

@aggieag138

3 жыл бұрын

He paid extra every month to get it paid off.

@geckster109

3 жыл бұрын

@@aggieag138 No, he sold a boat and a car and added cash from savings to pay it off.

@christopherenge4934

3 жыл бұрын

I took it to mean that was what he's been throwing at the mortgage, including that beyond the monthly payment. He's going from throwing everything extra at the debt to not throwing anything at the debt. Now that's all free cash flow.

@geckster109

3 жыл бұрын

@@christopherenge4934 Still makes no sense, unless he just bought the home a couple years ago. It would take less than 4 years to pay off a $325k mortgage @ $9000/month. And he clearly says they sold their boat and a vehicle AND added some cash from savings to pay off the home. So again, unless they bought that house last year, this guy has NOT been throwing $9000 a month at it!

@EmpressoftheLibrary

3 жыл бұрын

I think he meant that $7500-$9000 is now their total disposable income after paying for their basic needs, not that that was the amount of the mortgage payment.

I wish.....🤣working on it!

With interest rates still being relatively low paying off a mortgage doesn't really make that much sence when the same money can be invested to earn compound interest instead. At least that's my take on it.

I paid off my house in May, as a result, Transunion lowered my credit rating from 821 to 817. What's that all about?

@garbygarb31

3 жыл бұрын

Because it's paid off, it's a closed account now. Closed accounts are less points than an active one

@scotttracy9333

2 жыл бұрын

Mine dropped 80 points the month after I paid my mortgage off. Now 6 months on I've recovered that and now its 40 past that. Wait a few months it will bounce back

@nsbioy

2 жыл бұрын

They are angry at you.

Diversify if you want to settle down. Don't diversify if you're still trying to be aggressive and are okay with a higher risk.

I literally doing this tomorrow 😂

I have paid off my mortage I don't want a house to rent and deal with stress of tenants, I think maybe I will buy gold

You have way too many options once you pay off your house!

@geckster109

3 жыл бұрын

Depends on your mortgage and income really. If you're earning $240k per year but have a $1500/month mortgage, nothing too drastic changes on the payoff to be honest.

O i did this i did that yayaya. What did you do to get the $ TO PAY OFF YOUR DEBT OR TO INVEST