He talked about staying ahead of his peers. Don’t make life a competition.

@ghost-adventure-timewith-s2285

Жыл бұрын

I can’t. Competition is a fundamental part of who I am. I really tired. I doesn’t work for me. It’s me vs them.

@officialthomasjames

Жыл бұрын

Competition is an innate part of all human beings. You can use it for good.

@ppumpkin3282

Жыл бұрын

Competing with your peers usually leads to spending more than you have, if you need to compete, compete against yourself - how much better can you get?

@AaBbCcDdEeF

Жыл бұрын

Should compete to stay ahead on being more responsible and have less debt, for example.

I’m 43 and drive a 20 year old car even though I can afford a new car. I’m actually having fun seeing how many miles and years it will go! Kind of an adventure. It’s a Corolla so it should have plenty of years left.

@John3.36

Жыл бұрын

Until it breaks down at the worst possible time and place and no one will buy it.

@MKF1205

Жыл бұрын

I walked two miles today to get grocery. Because we only have one car and wife drove to her bible study. And we have millions and debt free.

@jrbluedup

Жыл бұрын

@@John3.36 no one needs to buy It, they’ve already gotten more than their moneys worth. If your car breaks down you have roadside assistance, friends and you can always buy a new car at any time.

@John3.36

Жыл бұрын

@@jrbluedup You would have to pay to get it towed and scrapped most likely.

@Skol17

Жыл бұрын

How many miles?

It's amazing how many young people call in with cars that they can't afford. George is spot on: Nobody cares. And, having a good reliable paid for used car is more fun when you 're young because it's stress free and cool.

I never recommend roommates. They are unbearable. Heck I can barely stand my own family lol. Definitely do the overtime though thats the key

@deborah18

Жыл бұрын

lol I always say this. I can’t be bothered. Rice and beans it is 😂

@jtowensbyiii6018

Жыл бұрын

Slavery isn't for everyone

This guy sounds incredibly mature for 19. And very fortunate. I was lucky to pull in 12k in a year at 19 being a young father and newlywed.

@superblump87

Жыл бұрын

Half a century ago?

@donwayne1357

Жыл бұрын

Does it get bendy when you scratch it?

@johndone8045

Жыл бұрын

I was lucky enough my parents bought me my first car at 19... lol

@MooMoo69556

Жыл бұрын

Ah so u were a statistic. 😂😂😂

@angelortiz6373

Жыл бұрын

@Frank Skatez haha yep. Difference is I am actively raising my son

Dude needs to buy a Lexus LS 430. It's still a nice car, super reliable and you can buy a nice example for under $10k.

Rice and beans

@joelplatt2651

Жыл бұрын

Beans and rice

@fa_ti_maa9610

Жыл бұрын

@@joelplatt2651 😂😂😂

@adamseidel9780

Жыл бұрын

He can eat whatever he wants, sell the car, take the profit, invest. Done deal.

@raymondpineda6310

Жыл бұрын

Rice and rice

@stevenporter863

Жыл бұрын

... but he wants to stay ahead of his age group and peers. 🤣

If he works more, saves and budgets well, he could pay off the total debt on the car and home in a couple years. He would be early 20s with a paid off home and car. Just crush it dude.

I wouldn’t do roommate unless it was someone I know really well.

19 year olds don't get dream cars.

@alicelindborg5096

Жыл бұрын

But they are special and so brave! Moms, stop it!

@martymcfly88mph35

Жыл бұрын

Getting a nice car at 19 means youre gonna get laid easier though. Back in my day it was the Honda Prelude.

@jimroscovius

Жыл бұрын

​@@martymcfly88mph35 Who cares about that?

@martymcfly88mph35

Жыл бұрын

@@jimroscovius what 19 year old dude cares about getting laid? Yeah, good point!

@taylerlong2995

Жыл бұрын

​@@jimroscovius so many people have priorities arranged around immediate gratification, and I blame the parents 90% of the time.

I didn’t know George was a millionaire that’s cool but it also makes sense somebody on Dave staff has to be a millionaire if they done his plan long enough

@africanqueen1655

3 ай бұрын

Remember millionaire includes paid off homes & what’s in your retirement accounts. 👏🏾👏🏾

Luckily, he's a young bloke. He recognises his financial mistake with the car loan overkill and is working on fixing it. He can get out of this debt in no time and work towards financial freedom. Good luck to him. Keep the house - sell the car. I definitely was not mature enough to buy a house (or have the finances) at his age!

Funny, I got to the end of this video, impressed by the maturity of this young man. Then KZread plays an online gambling video, trying to get me to sign up. What a contrast!

So young, so blessed, so broke.

@lawv804

Жыл бұрын

He's pretty wise to realize what he's doing is wrong at only 19yo.

Did he say majority of it is in mortgage? That’s not SO bad.

@jtowensbyiii6018

Жыл бұрын

Its literally a GOOD thing, he will be richer than any of his friends at his rate

@wewhoareabouttodiesaluteyo9303

Жыл бұрын

But being a kid, he thought he did something wrong because he was so much in debt.

@amireallythatgrumpy6508

Жыл бұрын

@@jtowensbyiii6018 No, it's a NEUTRAL thing.

@ppumpkin3282

Жыл бұрын

@@amireallythatgrumpy6508 It depends. If he got the mortgage at a low fixed rate, it puts him in great position - he's paying for money cheaply when the cost has gone way up. If we have inflation, usually real estate does well, something he couldn't do without a mortgage. If he didn't own, he's be paying increasingly more rent - there is a housing shortage and rental prices are going up.

At nineteen, he has a lifetime ahead of him to pay his debts and build a legacy.

This kid is doing very well. The mortgage is great, only thing he needs to do is dump the car. The place hes in now will be a rental property once he gets married and moves into a bigger place to start a family.

Jorge is on 🔥🔥🔥🔥🔥

He’s lucky that he can offload that car for a profit. Usually when young people do this it sets them back 2-3 years because they are underwater in that car.

What’s on the menu? Rice, Beans, Rice&Beans, Beans&Rice

@wewhoareabouttodiesaluteyo9303

Жыл бұрын

Taco Bell's $1 cheesy bean and rice burrito!

So glad I have no interest in cars past heated seats and a decent sound system

I am 43 years old. Single. Never been married. No kids. I drive a 2000 Toyota Solara SLE! George what is your net worth? I am 💯 Knin debt 💸

Words versus actions example true

Me 61 and I have no car My home is paid off

@superblump87

Жыл бұрын

What point are you attempting to make? You're broke? You're frugal? You live in an area where you don't need a car?

I actually am into cars and I have analyzed the way normal people look at them. People do care, but not in the way you would imagine. There are a few tiers of the way non-enthusiast people interpret your car: normal, nice, rich, and supercar. They make a small judgement depending on the level of perceived ‘niceness’ but you can easily make your car appear nicer for not much money. A good example is a 5 year old Mercedes. You avoid the depreciation curve and can get a car that elevates social status for like $15k

Sound advice!

He is young. Mistake made with the expensive car. Town house is actually a good buy if in good condition. Better just keep both and just gradually pay both off. Vehicle prices are still crazy high

$1050 mortgage in greater ATL is really great. Why people go out and get a car over half or matching their income is shocking. Go travel with some of that extra $ rather than buying stuff.

1:03 As soon as I heard this I knew he was in deep. Why does a 19 year old making $48k need a $30k car?

@23dojo

Жыл бұрын

Shiny object syndrome

@danieljohnson4418

Жыл бұрын

Why does anyone need anything?

@mac1vzw72

Жыл бұрын

30k isn’t a lot for a new car tho🤔. It’s better to have a new car than buying old one that’s possibly will require a lot of maintenance.

@geo865833

Жыл бұрын

@@mac1vzw72 not at age 19...

Money

Those microphones on the desk make it looks so messy. They were better with headsets.

fire fighter is a volunteer job still in much of the country. by working at 19, you will be above your peers as they take out loans to invest in schooling. but by 30 or 35, that freight train called your peers will be coming from behind and you can try your best but a new Jeep is all you can do to feel better about it. best you can ask for is a bad back at 50 with an outrageous benefit package from the taxpayers. one really can't say those will exist in 30 years as towns go bankrupt. maybe firefighter will go back to being volunteer work...

That's definitely not happening, too worried about his status 🙄

@anthonyfaucy2761

Жыл бұрын

Nothing wrong with it as long as he can afford it. I was like that then saved money but once I had money I stopped caring about what others thought of me

@jtowensbyiii6018

Жыл бұрын

Status? He bought an affordable home, not the worst car ever bit that's not as bad as I've seen many families do, and he's only 19, he's 10 years ahead of the average American

@autonope23

Жыл бұрын

He's 19. Plenty of time to learn. He's on the right path recognizing he's made a mistake with the car.

The car is not going anywhere 😮

They teach trading time for money, not building passive income thru a financial vehicle that creates Residuals. But he is young he has time to see his financial options

@amireallythatgrumpy6508

Жыл бұрын

Probably because there is no such thing as passive income.

( Forward Thinking, we need more of him, sacrifices)!! Pharmacist Pharmacy Technician Registered nurse Neurological Tech Lab Tech Affiliate Marketing Uber Fly fly kid! 🚀

Rob an armored truck

Beans and Rice

He didn't disclose his mortgage rate, worse if he has an adjustable. Generational wealth is something for very rich people, not fireman. He should be concerned with his next generation, if he works something out for the next two generations, ok. The key to generational wealth is who you marry? Do you marry someone who brings value, or sucks value out of you? Are they they right match or will they divorce you and take half your assets and income? This aspect of financial planning is under discussed. So many people just follow the chemistry. Chemistry can wear off.

Work more spend less pay it off. This guy is really concerned about what everyone else is doing. He's buzz word heavy.

19? the guy sounds like he 40.

Just keep the car

So he owns a house with a reasonable mortgage okays. So just the car and that’s it not bad hood job

The answer is make more money, spend less money, sell things, but mainly make more money. Consolidate debt if possible and make more money.

@amireallythatgrumpy6508

Жыл бұрын

You were doing well up until you mentioned consolidation (which is extremely stupid)

@johnnyappleman7159

Жыл бұрын

@@amireallythatgrumpy6508 Consolidation makes sense to lower interest rate, it would be stupid not to.

@johnnyappleman7159

Жыл бұрын

@@amireallythatgrumpy6508 Also it would be through a personal loan not a debt consolidation company.

@amireallythatgrumpy6508

Жыл бұрын

@@johnnyappleman7159 People thinking about what makes sense don't have debt to begin with.

Make more.

Sell the car and get a city bus pass. $75. A month

Once he sells the car, he will be fine

Bought a little too much car for the income, did just fine on the house. Stop talking about the house like it was a “mistake” when it wasn’t at all. Sell the car and take the unexpected profit, call it a lucky win, and get a car worth less than half as much and you’re in fantastic shape. Why on earth would George encourage him to rush paying off the mortgage? That’s stupid and not even in alignment with Dave’s baby steps.

@anthonyfaucy2761

Жыл бұрын

Buying a house is one of the best things a normal person can do. Its an appreciating asset that you get to live in and pass over to your kids for true generational wealth

Paramedic school time boss

I never heard the term car note until a ghetto person said it. Is that a king george technical term?

@DaveW74TVN

Жыл бұрын

You must not get out much ;) It's common parlance in certain parts of the country. Especially in the South.

I don’t care about what others think of me which is why I have money.

Well cleanliness is next to Godliness so it makes sense that they don't like washcloths.😊

Wonder if these hosts have their own thoughts or just memorize lines given by Dave

@te179

Жыл бұрын

I get where you’re coming from but that is who taught them this stuff. That’s like asking a doctor how come he doesn’t do surgeries differently than the guy who taught him.

He will retire around 45 with a few millions in the bank.

@amireallythatgrumpy6508

Жыл бұрын

No person with a brain retires before 60. That's just a horrible life.

Quickest? Probably ACH transfer of your money from your bank. Oh wait, you mean if you don't have the money already? Probably some sort of high-value hostage that you could get $150k for in just a day or two. Wait, you mean legally? Probably buy a winning lottery ticket that gets you over $150k after taxes, and then pay it off after you get the money. Wait, you mean reliably? Probably what's in the video....

nice I hope you can be chief by time your 30-40 do it man do it. great people are fire men. I agree sell the car f your working a lot you dont need it anyway. sell it for 38 buy a 5-8k car and y ou be debt free minus house lol you be balling man.

Buying things you don’t need, with money you don’t have, to impress people you don’t like.

@gvanys

Жыл бұрын

That's 75% of the people these days.

@AaBbCcDdEeF

Жыл бұрын

And wait for a handout to pay it all off.

The mortgage is fine, not really debt.

@amireallythatgrumpy6508

Жыл бұрын

It's still debt but not consumer debt and not as urgent as other kinds.

@anthonyfaucy2761

Жыл бұрын

Mortgage should be paid off asap. Once he no longer has a mortgage thats alot of stability and income thats freed up his gained

He's not selling that car

I know a old man selling a 2011 mercury grand marquis with 44k miles for 9500 those cars are out there

@PInk77W1

Жыл бұрын

I’m 61 and don’t own a car. LoL

@jorgesalazar818

Жыл бұрын

I would never buy a grand marquis Especially not for almost 10k

@Mr_Banker222

Жыл бұрын

Hey those V8s are rare, reliable, and big worth it

Live a little man keep the car, you get one chance to be young and dashing. Dont wait till you are 40 to do. And next generation are never going appreciate what you leave them. Not to be negative if the next gen turns out to be druggy you hard earned money is gone in smoke. Also man get a college degree you can never be a CEO being a fire fighter high school degree.

Keep the car. Live it up while you’re young because you’re only young once. Take on all the OT. Work hard and play hard. He’s not in any financial trouble. Take care and drive that car until the wheels come off. Everyone needs a reward for their hard work…for self-satisfaction, not for impressing others. Save and pay cash for all cars in the future. He’s on the right track.

@adamseidel9780

Жыл бұрын

Some mediocre truck isn’t “living it up.” Sell the car, but one you can afford, and have plenty of money every year for trips or actually living it up sometimes after investing.

@SVSky

Жыл бұрын

Sell the car. Work enough that you don't have time to drive places and impress people.

@workinonit9562

Жыл бұрын

Terrible advise.

This caller is not in bad shape. Sure, if he wants to shed some debt and the car value is as he says, sell the car and buy a decent used car for $7500. If he wants "professional" financial advice, go find a licensed financial advisor who will have a fiduciary duty to him, not a couple of radio personalities.

@jimroscovius

Жыл бұрын

The radio personalities know more than the CPAs who are just after people's money.

@lkj0822g

Жыл бұрын

@@jimroscovius Except.... I've heard these radio personalities give absolutely horrible financial advice that would cost the caller tens of thousands in unnecessary taxes and hundreds of thousands in lost opportunity costs. Use what works for you, but don't drink the KoolAid.

Generational wealth... Makes 48k a year

📌 *Nice video, love how you take your time to educate your viewers. You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing. Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income.*

@Susancov

Жыл бұрын

Quite impressive but HOW!!?😊 I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job , I would appreciate if you show me how to go about it..

Not only his goals and actions are misaligned but also his income is misaligned!!

Let's get Aiden going to RN school and work his way up to fire chief.

What does a 19 yr old need with a home?

@Bond_MrsBond

Жыл бұрын

Right, he should stay with mom a few more years and be able to pay cash for a home when he’s ready!

@kensmith2796

Жыл бұрын

Actually, the buying a townhome wasn't the part of his plan that was a bad idea. Buying the new 30K car was the bad idea. The townhome will go up in value at his age and you need a roof over your head. The car will eventually become worthless.

A 8000 dollar car may cost much more in maintenance.

@DaveW74TVN

Жыл бұрын

Depends on the brand. An 8k Honda or Toyota will likely be maintenance free for quite awhile.

A 19 year old? more like a 27 to 30 year old

Sell cars today. Deposit cash Sell anything you can today.

Net worth millionaire 🐭

This kid has low interest debt. Seriously nothing to worry about...

19 years old worried bout buying a house no way id stay at home till 25 i own a 3500 sq foot house it would be a waste for my kids to move out at 18 they could work thier butts off and by 25 can pay cash for a house

@officerahmo

Жыл бұрын

Exactly. That's what I'm doing with my parents. I'm so blessed that they agreed to have me at their place for a few more years.

@jasonrodgers9063

Жыл бұрын

Save up to buy some punctuation and understandable sentence structure. There's probably a message somewhere in that alphabet soup you posted.

@jasonleatherwood2172

Жыл бұрын

@@jasonrodgers9063 im not a english major or auditor for punctuation but i am debt free i provide services for a living never wrote a email for a job in my life lol

@jasonrodgers9063

Жыл бұрын

@@jasonleatherwood2172 Great to hear. You seem to be a really good person. Seriously, look into grammar & sentence structure apps. At some point in time, a situation WILL come about where people WILL judge you by how you present yourself in writing. As the saying goes- "You never have a second chance to make a first impression." Best wishes.

@genxx2724

Жыл бұрын

@@jasonleatherwood2172 You went to school. This is taught from first grade through twelfth grade.

Sorry to say it, but if you want generational wealth, these probably aren't the guys to listen to...almost everyone who makes that kind of money uses leverage, and the Ramsey team is opposed to that at an almost religious level...

@komalgarg9619

Жыл бұрын

Leverage is good if you are starting a business, not when you are buying a amazing car.

@tstanley01

Жыл бұрын

@@komalgarg9619 100%

@amireallythatgrumpy6508

Жыл бұрын

Leverage results in "easy come, easy go" wealth not generational wealth

House is not exactly debt

@amireallythatgrumpy6508

Жыл бұрын

Um, yes it is. It's not consumer debt but by definition it's still debt.

@joepic85

Жыл бұрын

@@amireallythatgrumpy6508 you can sell it and dump the debt tomorrow. I dont consider it debt even though it technically is

This kid is trying to grow up too fast. He is 19 so thinks 48k is a lot but it's not. Firefighters don't earn a lot but you can retire young and have a side gig while you firefight. But a 30k car is insane. As is owning a 150k property. What the H? You're 19, dude. You really want to be managing water heaters, roofs, AC units, etc? Why?

@joepic85

Жыл бұрын

The answer is yes. That mortgage is cheaper than any rent he can find and its an investment

Sell the house and live in the car.

This is not an enormous amount of debt for a single person who has a good income. I disagree. Keep the car. Pay it off. Drive it forever. Pay off the townhome and eat as inexpensively as possible. If you can't find someone to rent a room that you trust, don't rent out half of your precious home.

Sell the car, sell the house. Get a cheaper car and rent. Start over the right way.

@TheSejonger

Жыл бұрын

Sell the car, not the house.

sell the house and car. rent and buy a car outright when you have money. put $1000 per month into index funds. that's it. cash forever.

@jimmymcgill6778

Жыл бұрын

In Atlanta, rent is more then his mortgage.

@hvaball150

Жыл бұрын

@Jimmy McGill rent will often be 1000 less than total house cost.

@jimmymcgill6778

Жыл бұрын

@@hvaball150 Maybe in a bad neighborhood.

@hvaball150

Жыл бұрын

@Jimmy McGill so, 19 years olds are buying 125k condos in good neighborhoods in Atlanta? care to elaborate?

@Ink30

Жыл бұрын

​@HVABALL why does it have to be a good neighborhood work your way up

Selling the car will not give you a raise. For 8k, you can get a very good used car.

@hubruh

Жыл бұрын

How would selling the car not give him a raise? It would free up 500 to 700 of his income on a monthly basis. The raise isn't the cash he would have left over... The raise is the money he would have that would not be going to a car payment for years. Instant raise

@lot2196

Жыл бұрын

Yes. $48k a year isn't that good. Ok for 19 but not with a 30k+ car. I'm 57 with a paid off house and I wouldn't pay that much for a vehicle.

@adamseidel9780

Жыл бұрын

Sell the car, get a cheaper one with smaller or eliminated payment, boom, $600 a month back in the pocket on eliminated payments. Mortgage is fine, he’s in a great shape after that.

Once they are done with school they will blow his income out of the water

You can tell he isn't 19, and he says things like " I believe " on things of income, mortgage, & car payments. This is clearly an older man calling in for someone else, or himself

@amireallythatgrumpy6508

Жыл бұрын

It's also clear that nobody cares

He is only 19. 50k. Man go back home and save more money. He is working a ton anyway. What u got a place for right now. You are only 19. Idk that’s my opinion. I hate rushing to have a life u can’t afford. If that’s being an adult then whatever

@adamseidel9780

Жыл бұрын

He’s gotta live somewhere and he’s locked in his living expenses with this house

@BigGhanaChannel

Жыл бұрын

@@adamseidel9780 go live at home with his parents. Unless he got kicked out