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@theotherguy4897

3 жыл бұрын

I live in the mid west. Number one indicator of wealth, patched bib overalls 🤠

@davida9878

3 жыл бұрын

I own 12 rentals not including my home. Drive a 1998 nissan Quest ( bought used for 4,500) net worth about 5.5 mm. I have been called unassuming before. Net wealth Trumps savings -always !

@reverendbluejeans1748

3 жыл бұрын

Your good looking to me ducky. I could not imagine Dave Ramsey looking like anyone else.

@chrisleeland6991

3 жыл бұрын

You’ve been reported for falsifying info and reporting people. You may love cancel culture, but we’re not having it.

@jumpmanyang3117

3 жыл бұрын

​@@davida9878Happy for you :)​

My goal is to be a millionaire and dress like I have no money. I have the 2nd part down.

@stefanieabedin5843

3 жыл бұрын

Thank you for that comment because it made my day😂

@angelamilliken7270

3 жыл бұрын

Chuckle 🤣. You made me laugh out loud!!!!!!

@TheShinyTresasLW

3 жыл бұрын

Congratulations you are halfway there 😂

@waterheaterservices

3 жыл бұрын

Doug Demuro enters the chat

@Martin-Young

3 жыл бұрын

I didn't know I was a millionaire until I listened to Dave Ramsey. I still buy my clothes on Ebay (used) or Goodwill and love driving my 2000 Toyota 4Runner! A million dollars is nothing to brag about now a days. "Just buy what I need, not what I want..."

Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, Reproductible approach from anyone who have build wealth. I have saved up $190k to get started.

@Lewyn298

Күн бұрын

First thing i would say is; don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!

@thelooseseal

Күн бұрын

Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.

@Doracox22

Күн бұрын

I sincerely believe people often underestimate financial advisors' importance too. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

@greekbarrios

Күн бұрын

i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

@Doracox22

Күн бұрын

'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

I started to listen to Dave in 2007 at age 52. I wasn't a basket case, but I had some bad money habits and was in debt. He changed the way I looked at money. I'm 65 now and I have been retired for 10 years. I'm not a millionaire, but I'm debt free and all my needs are met. Thanks Dave.

@christophercolumbus8944

2 жыл бұрын

did you have to live like a dog?

@williamlopez8404

7 ай бұрын

Congratulations Rick, I hope you're good man!

@jgpatterson38

6 ай бұрын

Well done mate ,that's the real dream not all of us will win the lotto but being debt free is just as good

@ThorMaximus

3 ай бұрын

I wonder if you’d have been a millionaire if didn’t retire at 55? I got debt free at 45, and in hindsight would have contributed more to Roth IRA vs. aggressively paying low interest debt, including a 2% - $200 car note I was years ahead on. I didn’t start putting money in until 48, and at 50: I’m between $150k-$200k in Roth/401k/HSA/Rollover IRA, with a milestone goal of hitting $250k. I did career pivot and invested money back into myself & skills training, making low $100k, and the only debt I carry has been 12-month interest free balance transfer debt which I only used to max out contributions of $30k & $7500 with catch-up. I’ll do it again this year as well, because I can’t go back in time for annual contributions, but I do pay that interest free BT off. June 2021 is when I successfully was hired for new position in IT at $84k as contract & FT in February 2023. Not even 3 full years - I get annual bonus & even a 4% raise, and I’ll pull off another $40k+ into portfolios again this year, with goal of 2 more years - hit 5 years at Fortune 100 company, I’ll definitely be able to leverage myself in job market better & go up $10-$15k. In meantime, don’t be stupid, continue to work hard, and I’ll be on course to surpass $1M before 60. My only regret was not investing sooner.

Save and invest. The hardest part is getting started. Once you do it's amazing how fast it starts adding up.

@BlackGoddess143

3 жыл бұрын

@@talentoso2212 Really? What its like?? I am young and I dont know anything about investing

@aidanhodgescience7634

3 жыл бұрын

@@BlackGoddess143 its very comforting and relieving. It brings a sense of security and a faith that things will work out. It gets rid of the feeling of being trapped. Seeing yourself putting say 300 a month in and in one month you see you've saved 12 000, then a few months later you see 18,000 due to investments paying off. Its like, hey, I might actually get to buy a house or car in cash.

@aidanhodgescience7634

3 жыл бұрын

@@crownary3537 a Charles schwab retirement plan/401k. Ive made decent money off of amd and enphase on the stock market. And nio/tesla, and Cleveland cliffs but those are riskier. Solar power companies are also nice.

@zaraarshad1293

3 жыл бұрын

It gets easier as you build. The toughest part is getting to the 1st million. The 2nd million is half as easy. Getting to $3mil even easier and getting to $4mil even easier. Each $1mil after the initial mil milestone only gets easier. Takeaway: hit the 1st mil as quickly as you can!

@goggle2233

3 жыл бұрын

Aidan Hodge Science quick question do you stock as full time or part time? Because I am young too and want to do stock but I don’t want to do it as I full time job.

If I was a millionaire I wouldn't want anyone to know.

@Eddie-3466

4 жыл бұрын

That right . All you would have is people trying to scam you out of money.

@cato451

4 жыл бұрын

Scully Fox yup. I am a millionaire a few times over and not a single person I know knows it. I drive a 15 year old Honda with 260k miles on it. I like being anonymous.

@hgt2008

4 жыл бұрын

You don’t need a million dollars to do that. My brother in law is broke and don’t know anyone

@MegaBar82

4 жыл бұрын

* when you are a millionaire... =)

@Eddie-3466

4 жыл бұрын

All you going to have is people trying to scam you all the time if they know you have money. Dave must question himself all the time. Does this person likes me because I have money? Is this person trying to scam me? I don't even Tell my Girlfriend how much money I have I play poor all the time.

Talk about freaky. One of the coolest feelings in the world is when you know you can pay cash for something you want, but you don't buy it cause your content without it. That's a feeling money cannot buy even though you have the cash to buy it. Freaky fun.😺

@MrsThollo

4 жыл бұрын

Amen...

@anyviolet

4 жыл бұрын

WELL SAID

@kaohsiung99

4 жыл бұрын

That's right. You know that you don't need it---and wanting something is a passing emotion!!!

@JTDyer21

4 жыл бұрын

@@kaohsiung99, doesn't matter if you need it. You have the cash to pay for it cause you just want to buy it but you don't cause you can buy it later if you want to. In other words you have the power to buy what you want but your still content without it. Or you know you could buy it anytime you want. It's really freaky. That's the true definition of wealth. It's like the more money you get the less you want to spend. That's what happens to me. The more cash I get into savings the less I want to spend. It's a weird phenomenon.

@subman23

4 жыл бұрын

@stevenstrumpf7 Not true. I have two minimum wage jobs and walk by stuff all the time. You need discipline

Wealthy don’t post their vacation on Facebook and social media because they didn’t take you on vacation they were just doing their vacation. I love that!

@biomedlib

3 жыл бұрын

Amen...

@mrrizz0

2 жыл бұрын

Lol yes they do.

@goat7844

2 жыл бұрын

Tell Floyd ‘Money ‘ Mayweather that.

@mmaninja662

7 күн бұрын

@@goat7844floyd mayweather is in the 100+ million dollar category lol

Best financial advice I've heard: Same house, same spouse, same car.

@omkarkenjale5571

3 жыл бұрын

Commitment is important 😅

@joerozario4406

3 жыл бұрын

Agree. Only thing I did differently is I bought a new minivan after I drove my first one for 18 years.

@billyjoejimbob56

3 жыл бұрын

And of those three... same spouse is the most important, if you got the right one!

@raymckigney2118

3 жыл бұрын

Kinda prefer same house, no spouse, no car.

@tinamarie4662

3 жыл бұрын

Same house, no spouse, new car 😎

"Very few people who look like they have money actually do." That's some truth right there. I was a bank teller for a few years and seen first hand how true that statement was. It was always the Escalade drivers and the people with a new iphone every time one come out, that were kiting checks from one account to another. Taking out whatever loans they could and putting up every asset they had, these people would always be overdrawn and begging not to be closed out. The folks that really did have money were flannel shirts and oldsmobiles, ball caps and calloused hands. I was glad for my time at the bank, it was very eye opening..

@daviddianna

4 жыл бұрын

This is a wonderful observation and should be a hi-lighted response!

@jamesmacatangay5158

4 жыл бұрын

Heh, as a bank teller you saw how true that *statement* was?

@AwesomeMan2696

4 жыл бұрын

I just started a bank job a month ago. I definitely know what you’re saying. I always have a good feeling when I talk to an elderly man or woman with hundreds of thousands of dollars in the bank. All I can think of is “good for you!” Way to manage your money and enjoy your retirement!

@OXBULLSPC

4 жыл бұрын

Write a book of your experience

@juhalahti7314

4 жыл бұрын

I was also a bank teller and I can verify what you are saying. Usually people who had money were also way more relaxed and did not have need to be rude or treat you badly. Usually the ones who thought they got much money were the rude ones. But there is a reason why those Escalade drivers with fance new iphones did not got any money. Their money went to those gadgets.

Money talks, wealth whispers

@eternalresolute8960

4 жыл бұрын

Cash sings. Always offer cash for deals.

@LaSombraa

4 жыл бұрын

Another lame copy and paste comment made by another poor person. How original.

@buster7618

4 жыл бұрын

@@LaSombraa I didn't copy and paste this and I am not poor. I think you are sour and projecting friend.

@josh021588

4 жыл бұрын

@Buster I love that

@Vayanovic

4 жыл бұрын

@@LaSombraa and why do you insult the poor? The poor have more chance to be in the Kingdom of GOD. But if you're arrogant then u only enjoy this life for what... Not even a 100 years

Being wealthy is not about how much money you have its what freedom it gives you

@paulpetrovich8779

3 жыл бұрын

Correct. Also, the stuff you do not have to put up with.

@ms8742

3 жыл бұрын

This exactly. This is why I have invested from day one of getting out of college and going to work for 30 years straight. I could retire now at 53 if I wanted. It's all about freedom.

@markwhittaker6866

3 жыл бұрын

Exactly.

@maried7776

2 жыл бұрын

@@ms8742 No BS...lol

@freedomworks3976

2 жыл бұрын

What freedom it gives you

My brother, who is a CPA, tells me this all the time. That many of the people you think are wealthy, are broke, and many of the people you think are poor, are loaded.

@The-Capitalist

4 жыл бұрын

Same, my father is a CPA.

@hhhjjjj1065

3 жыл бұрын

NFLClip2019 what’s a cpa , I’m not from America

@ralphholiman7401

3 жыл бұрын

@@hhhjjjj1065 Certified Public Accountant

@maxb4724

3 жыл бұрын

That's awesome

@mocheen4837

3 жыл бұрын

I am a millionaire and I always feel broke.

There's the old joke where a guy says 'We'll never be rich because my wife wants people to think we already are'.

@cmpdas

4 жыл бұрын

never heard that one but can relate.

@robals744

4 жыл бұрын

One of my exes was like that. Unfortunatly for her, after we split up, I made my deal of a lifetime and now am what she always wanted us to look like - financially secured for life.

@luddity

4 жыл бұрын

The wife is America. And so is the husband.

@sdrjr3562

4 жыл бұрын

Rob Allison My friend's ex was horrible at money. Her whole family was. Her aunts and uncles and dad all filed for bankruptcy to not pay bills. He had to leave that family. Too many baby showers, vacations, restaurants...my head would spin as he told me.

@robals744

4 жыл бұрын

@@sdrjr3562 Hope your friend is doing alright now. I hate the whole 'spend money before you have them'-mentality that plagues so many. In the long run it affects us all when these stressed out debters takes out their frustration on the surroundings.

Every time my bank account gets low, Dave Ramsey videos start to show up in my feed.

@heatherluna5075

4 жыл бұрын

There is no fork.....

@mindsetnuggets

4 жыл бұрын

Lol. Use your fingers, there's no spoon.

@na0m1fes51

4 жыл бұрын

😂😆😎

@msbeautyboss3784

4 жыл бұрын

Are you using your phone or Google to check your bank account? You know Google 👀 everything you do. If Im on the internet looking for a product to buy & if i do not buy it when I go to KZread, the first ad is products similar to what I was looking for & I feel like the ad stalks you to buy.

@highvaluelife4971

3 жыл бұрын

👏👏👏

When I was younger, I wondered what it must feel like to be a millionaire. I invested, saved, lived below my wages. When I turned 54, I became a millionaire. I did not feel any different the day this happened, the day before or 30 years prior. Life is a marathon, not a sprint. One day at a time.

@purselmer5931

2 жыл бұрын

You and I have that in common. The way I see it, the $ just lets you not have to be perfect. By that I mean, a parking ticket is no longer going to break the bank. Or breaking your arm, etc. I still get anxious when something unexpected happens (which is nearly every month, lol), but I don't constantly have to think, "Ok, where can we cut expenses this month to pay for that fill-in-the-blank problem."

@jimhandler1129

2 жыл бұрын

same

@billygnosis6976

2 жыл бұрын

agreed but the key, always enjoy the journey. Be smart, stay in your lane and prepare for your future

@jays9196

2 жыл бұрын

@@jimhandler1129 Same here as well. 👍

@jimhandler1129

2 жыл бұрын

@@jays9196 It was always a goal of mine. Took me awhile to achieve. Slow and steady wins the race. No one would ever guess, as I live a very frugal, but debt free life.

Rich people seek wealth. Poor people seek validation.

As Wesley snipes said, “don’t let the internet rush you, nobody posts their failures”!

@wildmikefilms

4 жыл бұрын

I see what you are getting at... But there are thousands of people posting their failures online

@Curiousnessify

4 жыл бұрын

@Joe H its not ironic because what you're saying has nothing to do with the quote

@vladamirkb1

4 жыл бұрын

@Joe H lol

@Keith2619

4 жыл бұрын

I posted my failed 1RM squat yesterday

@MasteIsIllmatic

4 жыл бұрын

@Joe H He is still rich . Dont get it twisted. He just isnt wealthy or as wealthy anymore.

it's how my old man was. had no idea how much he was worth until he passed away and then we were like whoa. the most important thing i inherited from him is to live frugally.

@khadijahjones2460

4 жыл бұрын

How much was he worth ?

@RichestYouTomSweeney

4 жыл бұрын

God he should have taught you about money

@dennis3753

4 жыл бұрын

How dare you...your story is incomplete

@LaSombraa

4 жыл бұрын

khadijah jones $500,000

@thewaythetruththelife1745

4 жыл бұрын

But at the same time we dont take it with us so its definitely a balance thing. Whats the point living frugally and having millions in the bank but never spending on any luxuries and nice holidays. Theres loads of very rich people that have developed the habit of never spending so they are very stingy. Balance is the all important way to go. Otherwise your children and grandchildren will spend it anyway.

I have met two millionaires at a personal level. Two millionaires where I have sat down for dinner and met their families. The first one was someone I met at my church. He was an old fashioned gentleman probably in his 60’s. He owned a coal mining company of some sort and had a side hustle of making man made lakes. He drove an old beat up Chevy pick up. The other is my current boss. He owns the company that employs me. He drives a beat up Toyota sedan. Wasn’t even the nicest car the year it was manufactured. He’s one of the most charitable person I’ve ever met.

@mathisnotforthefaintofheart

2 жыл бұрын

What's driving an old car got to do with it? If you are a multi millionaire than what's the difference between a beaten up car or a $20K nicely used Lexus? Pennies on a millionaire's dollar. Millionaires who drive an old car don't drive it to save money. They drive it because they don't care about cars. And that's fair...

@kaohsiung99

2 жыл бұрын

@@mathisnotforthefaintofheart It's not just "cars" that they don't care about. They don't care about fashion, entertainment, expensive food, exotic vacations, etc. *THAT IS THE REASON THEY ARE RICH*. They keep their money!

@tkinney80

Жыл бұрын

You've met many more than that, you just didn't realize it.

@samryan7954

19 сағат бұрын

​I like both - new and old cars. I have both, new and old cars. They're not tied to my net worth, for any reason. Ppl need to get off the whole; new car old car deal. Neither one sez anything about the person. Especially, the person that owns BOTH!

@bigsalad3936

19 сағат бұрын

@@samryan7954 as someone said earlier it’s about not caring about having those expensive status symbols. I like old cars and new cars too. I much more like old old cars but that’s me

Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.

I come from the third world. In the third world if you show you have money you get robbed. I live the same way in the US as I used to in the third world.

@MR3DDev

4 жыл бұрын

@Gazpacho Suave We like to travel so there's where our money for fun stuff usually goes

@Ezster69

4 жыл бұрын

Us, too. I don't buy luxury purses, I don't buy jewelry, and I don't wear expensive clothes or buy them. I don't want to get robbed.

@glorymanheretosleep

4 жыл бұрын

That's why the 3rd world ought to be nuked off the planet.

@user-FM1

4 жыл бұрын

Traveling is best way to spend your money .

@icecoldfire25

4 жыл бұрын

@@glorymanheretosleep Pepega

The rich stay rich by living like they are poor, the poor stay poor by living like they are rich 🤔

@MrsThollo

4 жыл бұрын

@Snow 123 Did you watch - or should I say listen - to the video?

@leeshonnefarrow651

4 жыл бұрын

Snow 123 He literally says he’s not talking about people who make over 10 million. You are talking about the mega rich.

@thecurrentmoment

4 жыл бұрын

Well said. For those who are complaining about billionaires not living like that, they probably live more like someone trying to be a millionaire, than a millionaire trying to be a billionaire, if thqtmakes sense. Take a look at Bill Gates, Warren Buffett, even Jeff Bezos and Elon Musk - and then compare their lifestyle to that of celebrities/actors, etc (Hollywood types) who make a fraction of what they make. I bet the Hollywood celebrities live more extravagantly, even though they are multimillionaires and not multibillionaires. For the rest of us normal people, I think the pattern holds true. The thing is that even when rich people DO live extravagantly, buy expensive cars, etc, it's a smaller percentage of their wealth (Dave literally just mentioned this as I was typing it)

@thecurrentmoment

4 жыл бұрын

It's the classic living below/above your means

@veilsideride

4 жыл бұрын

True.

I always used to look around at what our friends and neighbors had and I would ask my husband where in the world do they get all this money from. He always replied “there is wealth and then there is the appearance of wealth”.

@slmunney7760

2 жыл бұрын

So true.

I interviewed once at a brokerage where a relative worked. She introduced me to the junior brokers who were...broke...but wore the fancy suit, carrying a latte and wearing a shiny watch. Then while walking to her office, we walked past one of her high network brokers who I later found out was getting seven figures annual commissions and above. The guys wore polos, had coffee from the nearby food court and wore a casio watch. He did have a suit ready in case he needed to meet clients, but he told me it was bought off the rack. Years later my relative asked me to drive her to this senior broker's house for a social gathering. He was staying at the corner unit of a long line of attached units. His unit was bigger than the rest but it was nothing fancy. I later found out, he owned all the units, stayed in one and rented the rest out.

@Musicienne-DAB1995

2 жыл бұрын

Great story. It appears that people with real wealth understand how worthless so many of these status symbols are.

@genxx2724

2 жыл бұрын

I love it! Thank you for sharing the story.

The more you ARE, the less you NEED.

@ThePracticaltravelers

3 жыл бұрын

Jean Shepherd i love this quote!

@KzLollapalooza

3 жыл бұрын

Wow this is profound! Thanks!

@tubacitywithlovejasmine2116

3 жыл бұрын

Could you be more specific?

I had a high school teacher who looked like a mad scientist and he wore your regular walmart jeans and flannel shirt. It later comes out that he's a millionaire from the construction industry 😂😂😂 You would've never known that someone as quirky as him would be worth that much. He was a great teacher as well.

@Musicienne-DAB1995

2 жыл бұрын

Haha. nice!

"Not wanting something is as good as having it" - Socrates

@trachbeba3488

2 жыл бұрын

Wow. Hey stranger on the internet, that quote blew my mind. Thank you ❤️

@luke8838

2 жыл бұрын

@@trachbeba3488 No problem! Thanks for writing back means a lot :)

@Musicienne-DAB1995

2 жыл бұрын

Probably better.

@jr-pi3ln

2 жыл бұрын

thats a bar

I will be part of the 1%. I am an immigrant from Mexico. I will do everything I can to help my family and the people of this great nation. Thank you for your guidance Mr. Ramsey.

@ralphholiman7401

3 жыл бұрын

And, that is the promise of America. Not welfare for life as some believe.

@RedPillGrimReaper

3 жыл бұрын

Welcome! We’re happy to have you! 🇺🇸

@JV-qe9cj

3 жыл бұрын

USA! USA! asi debe ser!! saludos!

@lostquartermaster52

3 ай бұрын

Good luck, Brother,Kick some ass!

here's a little secret, we never tell you we're the owner either, just the manager. That way when there's a problem, I have to get 'approval' before I can reduce anything or make any decisions.

@tanpham7411

4 жыл бұрын

100% correct and I am a restaurant owner.

@ariyellemalone

4 жыл бұрын

Ok makes sense now, they would always tell me the owner is never here 🤫

Reminds me of “The Millionaire Next Door” by Thomas Stanley. Lots of millionaires are very unassuming, frugal people, who live for themselves rather than for flexing on social media!

@joejoey7272

4 жыл бұрын

Ross Campoli - Leadership & Business Videos yep , great book

@olliehopnoodle4628

4 жыл бұрын

That book really helped change my life. At the time I worked for a guy who was wealthy, had a nice but not pretentious home and drove a chevy. He was a great example.

@rothieadunnigan2009

4 жыл бұрын

"Stop Acting Rich: And Start Living Like a Real Millionaire" by Thomas Stanley is another great book about this subject.

@FOhlookajew

4 жыл бұрын

Exactly! Everyday millionaires really don't have egos, I've noticed. Can't wait to be one!

@nczioox1116

4 жыл бұрын

Bragging too much about your wealth is a great way to get friends and family begging you for money

What Dave said here is so true. Back when I was in my 20s making $33k/year, I was driving a $40K car. Today I am in my 50s making $200K and am driving a $28K car. In my 20s, I was trying to impress people, even if it made me broke. Today I enjoy finding the cheapest way I can to live and watching my assets grow.

@TheFirstRealChewy

8 ай бұрын

You got to the point where you could afford most of the things you want, and realize that you don't need much.

I’m 21, invest half my yearly into Roth and am paying for school in cash. I’m debt free and building my saving for my first house (hopefully a duplex, to rent half).

@jamesnitzberg8405

3 жыл бұрын

You're way ahead of your time!! Good for you!!

@JV-qe9cj

3 жыл бұрын

you got this!!

@KO-lw4lo

3 жыл бұрын

Fantastic 😁

@jimziemer474

3 жыл бұрын

If you are doing that now at 21, you are going to be a millionaire. No question about it. Keep it up.

@RogerPack

2 жыл бұрын

You can buy up to a 4plex with an FHA at 3.5% down. Good luck :)

I made a lot of money in my business early and I lived like it for a number of years in my twenties. Nothing but misery, both from the stress of having so much to maintain and all the leeches that came out of the woodwork trying to take it, borrow it, guilt it etc. Now we live a modest life making 10 times as much and I've actually heard from friends that others have assumed I must have went under to downsize so much. I love it, it means the only people that contact me actually want to talk to me.

@lillians.4384

4 жыл бұрын

Rob great job!! Proud of you

@tng6510

4 жыл бұрын

👏🏾👏🏾👏🏾

@TopFlightSecurity415

4 жыл бұрын

"it means the only people that contact me actually want to talk to me." very sad and true...money doesn't change you it changes the people around you

@hymnodyhands

4 жыл бұрын

@@TopFlightSecurity415 That is a WHOLE word right there

@kevins862

3 жыл бұрын

heya Rob how ya doin ;) jk happy for you man!

When people know your financial status they dont hesitate to find ways to access your money without the slightest care for how you manage your money! The less people know the better!

@Justmeeeee813

3 жыл бұрын

TRUUUUTH!

@markwhittaker6866

3 жыл бұрын

Very true indeed.

@jarvisaddison8560

3 жыл бұрын

Yep which is the core reason young pro athletes are prime targets

@YouTuber-dz5kc

3 жыл бұрын

Truth. My ex was extremely frugal and loaded but I had no idea how much he had because he was very secretive about it. showing off only attracts the wrong type of people.

@morningmona

3 ай бұрын

Just like the government

You can be miserable in a big house , nice car and in a relationship, but you can also be happy in a small house , old car and no relationship.

"Too many people spend money they haven't earned to buy things they don't want to impress people they don't like" Will Rogers.

@mrdanforth3744

3 жыл бұрын

Will Rogers never said that. I started it on Zerohedge a few years ago. Spending money you don't have to buy things you don't need to impress people you don't like. It's the American Way.

@insideoutsideupsidedown2218

3 жыл бұрын

@@mrdanforth3744 you should take a queue from one of his other quotes, “Never miss a good chance to shut up.” Will Rogers said that more than 75 years before Zerohedge even existed. I think you are mixing him up with Roy Rogers...

@mrdanforth3744

3 жыл бұрын

@@insideoutsideupsidedown2218 Citation please? I know what I said and it was original at the time, if I was anticipated I would like to know about it.

@genxx2724

3 жыл бұрын

@@insideoutsideupsidedown2218 “Better to say nothing and be thought a fool, than to open your mouth and remove any doubt,” Mr. Danforth. I’m quoting someone, I know not who, but everyone knows did not come up with that quote. You weren’t even born yet.

I'm 60 and have a net worth of just under 5 million dollars. I still don't view that as a lot, but friends and coworkers would be shocked to know that. I still go to the bottle return at the grocery every Saturday.

@clair233

4 жыл бұрын

Love that 💓

@jamieshannon9809

4 жыл бұрын

Excellent - great job. What was/is your secret?

@sgist7824

4 жыл бұрын

Please teach us your ways

@Corkfish1

4 жыл бұрын

@@sgist7824 im afraid that the thing that contributed the most was staying single and not having children. That allowed me to max out my 401k every single year. I also invested in the stock market outside of my 401k for decades. Ive always lived a minimalist life Buy a modest car and drive it for at least 10 years.

@csillafel8226

3 жыл бұрын

When we were kids and dreamed of being a millionaire, we didn't know what that would look like 50 years down the line. 1M in my neighbourhood is a good start. It is not considered wealth.

I always come here when I start to fall into the mind trap of wanting to spend more just so I can have nicer things. Dave Ramsey's rant is always a nice slap in the face to bring you back to reality.

@aamariamason4562

2 жыл бұрын

Amen to this 🤍

@healingpalmsca

2 жыл бұрын

Yes!

@calebmelton5989

2 жыл бұрын

If you have money get some nice things. Don't let this clown stop you

@marblair8403

2 жыл бұрын

Me too

@Ken-no5ip

Жыл бұрын

@@calebmelton5989 t. Broke

From Leo: I had an old man in work clothes looking at a car on our lot. He picked a nice car and wanted to write a check. I called the bank to verify the check and the branch manager said if that guy wanted to buy our dealership, his check would be good. I learned then that not all millionaires are the Hollywood Glitz types.

@Justmeeeee813

3 жыл бұрын

Love this story! 👍👍

@virtuosowins

3 жыл бұрын

Brilliant..how old is this story ??

@gregtomamichel973

2 жыл бұрын

Great story.

@barbmelle3136

2 жыл бұрын

@@virtuosowins 1977

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

@AudraZapoticky55

2 ай бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@Madlyn55

2 ай бұрын

how do I get in touch with this consultant that assist?

@AudraZapoticky55

2 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later

@Madlyn55

2 ай бұрын

Thanks for the info . Found her website and it really impressive

I remember an episode where D.R. congratulated a caller for being an everyday millionaire. The caller was polite and asked if it was ok to buy a tablesaw. That’s the kind of humility I appreciate.

'The valet isn't impressed - until they get the tip.' Love it! So true.

Flashing your money is one sure way to lose it quick. You'll get every gold digger, con artist, and down-on-their-luck distant family member knocking on your door.

@choreomaniac

3 жыл бұрын

That’s why a lot of big lottery winners go bankrupt or get killed.

@Musicienne-DAB1995

2 жыл бұрын

@@choreomaniac Even get killed? Really? If true, that is awful.

Sometimes wanting things is more fun than actually owning them.

@slosher42

3 жыл бұрын

I felt that about my wife.

@abcxyz-kc7ch

3 жыл бұрын

Exactly. Like the bread maker that gathers dust on the kitchen counter.

@migy5031

3 жыл бұрын

I know exactly what you mean. The world would be a depressing place if you only had the best of everything and had nothing to admire.

@weirdo1060

3 жыл бұрын

Spock from Star Trek episode, "Amok Time": After a time, you may find that 'having' is not so pleasing a thing as 'wanting'. It is illogical, but it is often true

@DanStratocaster1

3 жыл бұрын

100% true.

YES! YES! YES! I've been saying this for decades. I used to be a loan officer & underwriter for quite a few years and after digging through a thousand peoples income/ debts & other financials, most people are one paycheck away from ruin. Especially the guy that pulls up in a Mercedes.

@ralphholiman7401

3 жыл бұрын

Of all my wife and my siblings, the brokest one drives a three year old Mercedes. The richest one, many millions, and his own construction company, drives a five or six year old Ford F-250 pick up truck.

@daleviker5884

Жыл бұрын

@ Phil 556 sorry, but that's a silly statement. You used to be loan officer and you tell us that MOST PEOPLE are one paycheck away from ruin.? No. Maybe that's true of the types of people who were applying to you for loans, but they are not "most people". You are like a hospital nurse claiming that most people are sick, because that's all they see every day.

@phil5569

Жыл бұрын

@@daleviker5884 Your opinion, that's fine. But all of the macro data suggests that I'm right, in addition to my personal observations.

@MT-sb2oe

3 ай бұрын

​@@phil5569I think Dave Ramsey would agree with you.

Health is the greater wealth along with time.

@Musicienne-DAB1995

2 жыл бұрын

Buying too many things isn't good for your health.

Manager at an auto dealer in Phoenix once told me about Alice Cooper riding his bicycle to the dealership in his long hair and jeans. Couldn't get the time of day from anyone there and went across the street to buy the nicest car on the lot.

My spouse and I drive a 2011 and 2014 automobile. Every time I want to buy new vehicles I have to watch Dave. There is no better car than the one paid off.

This guy is in here preachin. "Act your wage." Had me rolling

I’ve literally only watched Dave Ramsey videos for a few days straight, I don’t even have debt or money issues😂

@Brazillianboi69

4 жыл бұрын

Bianca Bee which baby step are you on

@ThinkMoneyBenny

4 жыл бұрын

Something brought you here for a reason... think of how you can improve something in your life with his content Have a great day =]

@aramisc.3547

4 жыл бұрын

Bianca Bee - That's good, this way you will never fall into the same financial mess most of his callers are in. Preventive medicine 🤓

@islandofpatmos930

4 жыл бұрын

Yet

@biancaboshoff

4 жыл бұрын

Allah The Moon God Nah

"The valet is seldom impressed... until he gets the tip". Should be printed on tshirts. By the way, I want to thank Mr. Ramsey because a little over a year ago my wife and I promissed to pay off our debt of almost 30k. We paid it off this month, following his advice on his podcast.

@Musicienne-DAB1995

2 жыл бұрын

Congratulations!

I have a co-worker who always brags about branded stuff he owns. He doesn't believe in savings or investment. A month after he bought a brand new suv, Covid-19 strikes. Wife lost her job. He became a very different person. Can't think straight anymore. Always worried about losing his suv.

My Dad used to always say "No one needs to know what you have". I've always taken that to heart.

"One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth."--- PROVERBS 13:7 KING SOLOMON

@Drummerjl1

3 жыл бұрын

There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches.

@manasavuibaubatiwale3593

2 жыл бұрын

Sheesh 🔥💯

@Musicienne-DAB1995

2 жыл бұрын

@@Drummerjl1 I LOVE the Book of Proverbs and Ecclesiastes. Biblical wisdom does it every time for me.

I used to be an office manager for a plumbing company when we got a call from the "up scale" part of town we toold them the terms were CASH. A lot of them hung up. If we got a call from the working man's part of town we would leave them a bill and it was always paid by the end of the month!

@josephrichardson4678

3 жыл бұрын

My brother told me a story about an investor who would not pay the contractors, fire them 1/2 way, etc. One way to get rich I guess..

@louisbouchard6869

3 жыл бұрын

@@josephrichardson4678 You don't get wealthy messing other people over. You may get that way for a few years but it will catch up to you eventually. Mainly because no one will eventually want to deal with this person.

@lanmandragoran8552

2 жыл бұрын

@@josephrichardson4678 Not sure how true this could be, Contractors can place Mechanics Liens on properties when customers don't pay. Mechanics Liens are available in all 50 states and the District of Columbia. Although each state will have different laws regarding these types of liens.

@lynnebucher6537

2 жыл бұрын

@@lanmandragoran8552 I personally think that folks that stiff a working person are the lowest of low.

I like how he always talks about his “friend worth 200 million dollars” and it’s really about him lol

This is so motivating! I’m aiming to hit 100K net worth at the end of this year 🤞🏽

@AlexBridgesKiev

4 жыл бұрын

Here here!

4 жыл бұрын

@@AlexBridgesKiev Here here what? :P

@integr8er66

4 жыл бұрын

@ It means congratulations. Its slang.

4 жыл бұрын

@integr8er66 oh, I really did not know that! Thanks! I’m curious about the origin of that expression

@integr8er66

4 жыл бұрын

@ ya, I think it's origen is English, meaning brittish, but not sure, I have heard it in theaters, as people clap

I would call the first level of wealth being debt-free and not being worried about regular bills. When I got that far I gained incredible peace of mind. Dave is right in all this; it's typical living below your means. I am doing very well, but my car is 20 years old, I bought my shirts for this entire year on a post-Christmas 60% off Gap sale, and I bring a bagged lunch to work with me. I could quit now but plan to keep going for about another 10 years. The average person wouldn't think I was wealthy based on how I carry myself.

@jimhandler1129

2 жыл бұрын

Stealth wealth is what it's all about. I buy ties at Salvation army, never use vending machines, never get food delivered, and add water to my juices. It's all about spending less than you make, staying out of debt and investing as much as possible for the long term.

@slmunney7760

2 жыл бұрын

Great for you, but perhaps you should consider loosening the purse strings a bit.

@lynnebucher6537

2 жыл бұрын

And your frugal habits will ensure you stay financially comfortable. Good for you!

@Ep1cRainbow

2 жыл бұрын

@@slmunney7760 why

' They seldom post their vacations on Instagram for you to see because they didn't take you on vacation'. I do love this. I wish more ppl would follow this advice on social media.

@supercrazydesi

3 жыл бұрын

That’s us. People don’t need to see what we did and where we went to spend and enjoy our time.

@nobullpracticality1824

3 жыл бұрын

Plot twist: Quit social media all together and then you’re not even troubled with seeing people of that mindset

Money does not bring you happiness it brings you options, what you do with those options may bring you happiness.

@caitlincaitlin4703

2 жыл бұрын

it buys you a certain amount of freedom.

@daleviker5884

2 жыл бұрын

@ Hilden Johns That's well put.

If Dave saw me in WalMart right now he'd tell one of his guys "That's an Everyday Thousandaire..." but I'm getting there.

@ErrorPagenotFound-ig1cy

4 жыл бұрын

2skyland ??? You dont have a thousand right now?

@Janelleybean23

4 жыл бұрын

Gotta start somewhere!! 👍🏾

@youKnowWho3311

4 жыл бұрын

I just copy what the rich do. My first two houses cost less than my annual salary. I bet you can guess what I am planning on. Next stop business owner.

@dennis3753

4 жыл бұрын

No need for the explanation

@rothieadunnigan2009

4 жыл бұрын

If a person/couple is out of debt, including their house, and have 6 months of expenses, I'm impressed.

I have a small house, a 13 year old car and retired early. I'm not a millionaire but I'm blessed and grateful. I don't buy designer clothes, take one really nice vacation a year and try to save as much as I can. I wasn't a saver when I was young but got real in my 40's and never looked back. You can do this. Just prioritize and stop living above your means.

@nicolelove8501

3 жыл бұрын

This inspired me thank you!

I'm 50 years and I retired at 46 as a Millionaire. The secret on how I was able to do this was because I understood Four Principles of Financial Planning Success Think long-term with goals and investing. Spend less than you earn. Maintain liquidity (an emergency savings).Minimize the use of debt.

@LewisAtonn

3 жыл бұрын

All you need is a pro. Michael Adams Jay would help you out with all you need to know he is a guru. He is a financial Advisor

@LewisAtonn

3 жыл бұрын

reach out to him using the provided information..

@LewisAtonn

3 жыл бұрын

Michaeladamsxyz@gmailcom...

@LewisAtonn

3 жыл бұрын

1 { 8 1 8 } 5 3 3 9 6 4 2

@LewisAtonn

3 жыл бұрын

My financial situation has changed for good thanks Michael Adams Jay

Being rich is not the road to happiness, being happy is the road to riches.

@jeanlaubenthal698

2 жыл бұрын

Maintaining your health adds to keeping that happiness going.

My husband and I read a life changing book early in our marriage, The Millionaire Next Door. It has influenced greatly how we live and save. Wonderful to hear you with the same message many years later. No one would guess that we are well off, except maybe those charities we support.

People who become millionaires didnt get there by buying designer clothes, going on vacations all the time, driving fancy cars

@tonytocanova

4 жыл бұрын

Tyler Hern can you call my wife right quick?

@dawnt5587

4 жыл бұрын

Plus, most of the people he is talking about have the majority of their money in retirement. They don’t look like millionaires because they can’t spend any of it. There is a huge difference between a million in non-retirement money and a million in your 401k.

@Dividendsmattertoo

4 жыл бұрын

Dawn T exactly that’s why I’m mostly investing in a taxable brockage account so I can touch it anytime I want

@derekparsons3363

4 жыл бұрын

I'll be an everyday millionaire and I do all those except the fancy clothes.

@michael2001isepic

4 жыл бұрын

fake it til you make it

"They are not living their life to impress others." Such an important concept to building wealth and enjoying life.

Always remember, don’t get so caught up in becoming a millionaire that you forget to enjoy life. Manage your finances well and treat yourself from time to time.

I love my used Camry. Some of my friends have corvettes or jaguars, but when we go out together we usually take my car because it can actually seat more than 2 comfortably (or because theirs are in the shop getting repaired).

@TeslaDawg

4 жыл бұрын

Not only that, I’d be worried about people dinging the doors.

@ralphholiman7401

4 жыл бұрын

elmateo77 we take regular cruises to the Bahamas on our boat, but it’s used and our cars are all used and we already have our retirement income stream coming in (since age 52). But, we have friends who all drive brand new Cars, and who take one week vacations, and who spend like crazy on shiny baubles, who can’t understand how we go away for a year. Many, like people here, assume we have family money we don’t talk about. We don’t.

@inertiaforce7846

3 жыл бұрын

99 camry and 2011 camry here. Cars are a waste of money.

I am becoming wealthy because of this man! Thank you Dave Ramsey for being you!

@sue3745

Жыл бұрын

You are becoming wealthy because you changed your thinking.

@spconrad9612

7 ай бұрын

True, but Dave's a good cheerleader that helps some to stay focused.

@anthonymarino7718

Ай бұрын

I'm still not clear why this isn't obvious to all adults

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@floxydorathy6611

7 ай бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@floxydorathy6611

7 ай бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

Thanks for this video and also thanks to those who recommended Suzanne Stephens Ellis for her good works. You all have to know that making money digitally is the main key to survival now.

@skylarpeterson5814

2 жыл бұрын

A very good friend of mine also recommended her to me, but I need to know more about her. Can you please tell me more about this lady Suzanne Stephens Ellis, I don't wanna loose my money. Can she be trusted?

@davisj.miller1541

2 жыл бұрын

Well, there is not much I can tell you about her, she has been the one taking care of my investment portfolios and all my trades for months. I have no reason to be uncertain about her. She is a good woman and an excellent financial expert. I am a living testimony.

@skylarpeterson5814

2 жыл бұрын

How do I get in touch with her, I know just her name. I am very interested and I wanna start investing asap before this year ends.

@skylarpeterson5814

2 жыл бұрын

I google her complete name Suzanne Stephens Ellis, and I found her website I am contacting her now. Thanks

Understated luxury......Toyota can have same features a Mercedes does.....and much more dependable. It’s very simple......do the opposite of what the majority does. Because the majority of people just look around and do what everyone else does.....and don’t even realize that their thoughts are not their own. Think for yourself

@Last_one_before_I_go

3 жыл бұрын

Exactly. I owned a gorgeous MB but shuddered at the maintenance cost - I ditched that car asap and bought an unassuming Toyota that has 95% of the features. Love how cheap it is to drive it.

"What Secret Millionaires Don't Tell You" That they're millionaires?

@cloroxbleach175

4 жыл бұрын

Lol

@steverussell6642

4 жыл бұрын

Shhhh don't tell

@CaseyMiddlecoff

4 жыл бұрын

Yes. Read the Millionaire Next Door

@moonboy5851

4 жыл бұрын

Josh Armstrong exactly 👍

@xmochix604

4 жыл бұрын

Exactly

When I was younger I too was fooled by thinking the people who have the nicest things had the most money, now that I’m older I know it’s the exact opposite 😂

@ClaireLoprensa

3 жыл бұрын

There are millionaires that do drive expensive cars tho simply because they like it.

@Musicienne-DAB1995

2 жыл бұрын

@@ClaireLoprensa Yes, though I assume that for the sensible ones, those cars are well within their means.

I can usually tell when someone is secretly rich by looking at their face. they have faces that lack stress, worry and other negative emotions. they just have a flat face. that's how you know if they are rich, regular people or even rich people that are in debt have worried or unhappy faces.

@nervotica7991

3 жыл бұрын

Or they might just be plain rich idiots.

@robinwilliams9970

3 жыл бұрын

No happy faces?

When you finally reach the point when you can afford that fancy car or the trophy house you get them and realize that it doesn’t make you any happier. It’s just stuff.

@jimschuman9926

4 жыл бұрын

G : exactly.

@chrisginoc

4 жыл бұрын

100% More people need to know this. I grew up lower income 1 bedroom 1 bath duplex with mom, dad, sister and myself. Slept in the living room until I was old enough to move out. A couple of years ago I started earnings life changing money and started buying stuff: Nice guns, atvs, new truck, 2nd car, etc. None of it made me happier. I even went into depression because I couldn't understand why I wasmy happier.

@heatherluna5075

4 жыл бұрын

When you finally reach the point when you can afford the fancy car.....you dont want the fancy car. Hahahaha 💚❤🧡💙💛💜

@chrisginoc

4 жыл бұрын

@@heatherluna5075 Facts

@heatherluna5075

4 жыл бұрын

@@chrisginoc yep....yep....and yep💗

$400 purse that has $7 inside it.

@biomedlib

3 жыл бұрын

Preach. My grandfather used to say, "$50 hat on a 5 cent head." The ancestors were smart. No college degrees, just common sense, and wisdom.

@YouTuber-dz5kc

3 жыл бұрын

That’s Instagram

@canadiansoviet

3 жыл бұрын

I have a brown paper bag with $60 in it 😏

I'm 28, hit $1m net worth this year through a combination of very prudent saving (helped having good finance job as a research analyst) + strong investment returns. Was a broke student with $50k student loan debt 6 years ago. Only people that know are my family. I live a pretty happy life without spending lavishly. I prefer going on holiday backpacking with friends (pretty cheap trips), live in a pretty normal flat with a friend (could get a bigger place, but having fun right now with this set-up). Only lavish thing really is my motorbike (c.$8k). Having the financial independence to pack it in any time you want is incredibly liberating and worth more than any designer watch, clothing or fancy iphone.

@FireStratoMC

3 жыл бұрын

What investments?

@Kelsky1

3 жыл бұрын

@@Nick_Dole good for you

@JJ38255

3 жыл бұрын

Now that you have a million net worth it's no big deal for you to go buy a fancy watch , designer clothing or iPhone now. Just buy one used at a good price so when you're sick of it you can get close to the same you paid for it maybe even more. Than it was free. When you have cash, you have the freedom to do that.

@Blakely901

3 жыл бұрын

How did you do it man? Similar boat as you and I’m 23 now

@ThePracticaltravelers

3 жыл бұрын

FireStrato a house that gains value and save

Anytime I started to do well, I had friends and family climb out of the cellar asking for assistance as if I'm Bank of America. It is infuriating and frustrating...these same people couldn't be found when I was living on ramen noodles and using multiple blankets so I wouldn't have a huge heating bill! What's worse..they act as if I owed it to them. Now older and wiser...I keep my mouth shut, I am not as accessable. NGL..it still hurts. My finances are better now. If I was a millionaire, I would still keep my mouth shut!

I have more respect for a rich man that acts likes he is poor.

@Brazillianboi69

4 жыл бұрын

Eddie “acting poor” sounds like a disguise. No one wants to “act poor” which is rice and beans every day. Maybe Raman soup. 2 pairs of paints. Watering down soap and detergent to save. Rich people don’t do that.

@jordanwright554

4 жыл бұрын

@@Brazillianboi69 thats not what he means man

@timetopay5344

4 жыл бұрын

I know what you mean...a person who doesn't flaunt what he has and is down to earth!

@LG123ABC

4 жыл бұрын

Like Dave said, the term is "unassuming".

@Eddie-3466

4 жыл бұрын

@@Brazillianboi69 I am not talking about penny pinching. I am talking about people like Warren Buffett and Sam Walton.

Unfortunately, I do have some family that would try to weasel their way onto my vacations, get me to "lend" them some cash, help make a car payment......I keep my finances private. I love my family no matter what, but that is a boundary I set! (Not a millionaire yet but doing pretty well for myself now)

@Bran08Eman

3 жыл бұрын

Got a bunch of weasel family and coworkers too. If they knew, they'd feel entitled. My secret is best kept that way. They worship fake rich people. I just keep my mouth shut and stay humble.

The valet is unimpressed until he gets the tip… I like that. Help others when you can

@lynnebucher6537

2 жыл бұрын

Coming for someone that used to work for tips, I truly enjoy tipping heavily to folks because I know how it really made my day back then.

I live like an animal to save anything I can and I told a guy at work that is in love with debt that I'll be a multi millionaire by the time I'm 50 and he said no you won't. I feel bad for him because I'm 12 years younger and know more.

My goal is debt free with a house and any vehicle without peeling paint (unless it's an old pickup) and my wife and son not worried about spending to much at the grocery store.

@daughteroftheking1222

4 жыл бұрын

@Gazpacho Suave Simple, yet awesome!

@machintelligence

4 жыл бұрын

Once you get there, you can set your sights higher.

@integr8er66

4 жыл бұрын

My goal now is $1,000,000 net worth by the time I'm 60, and 750k of that in cash and stocks. I'm 54 now and right on target. Can't invest in houses, they tax them too much, land is much cheaper to own. I walked in the bank the other day in just what I wear, jeans and a sweatshirt and talked about how I needed to diversify my account to stay under the FDIC ins limit. The lady was funny, she was just talking normal to me, then once she pulled up my acct it was Mr. This and Mr. That. 😁 It goes to show you $ does make ppl treat you different.

@SomeGuy-sy5sj

4 жыл бұрын

@@integr8er66 You don't get to take it with you when you die.

@heatherluna5075

4 жыл бұрын

@@SomeGuy-sy5sj But you do get to earn it.......

One of my financial advisers told me I have been blessed with the gift of thrift. He knows my wife and I both drive used Hondas. He knows we don't spend $180 on a pair of jeans with holes in the legs. He knows how we paid for our kids' college. He knows how we paid for our house. He also knows our net worth and how we accumulated it. I told him we buy quality stuff when the quality matters.

@machintelligence

4 жыл бұрын

It also helps not to have expensive hobbies, like fast women or slow horses.

@Javeec

4 жыл бұрын

The bigger the holes, the higher the price !

@rumoret

4 жыл бұрын

I would never purchase jeans with holes in legs....so laughable!

@aamariamason4562

2 жыл бұрын

@@Javeec 😂😂😂 think this went over a lot of heads tbh

They don't tell you that they're millionaires

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@Andrephylis

Ай бұрын

@TimothyHartley. However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@Andrephylis

Ай бұрын

@TimothyHartley. Judith Ann peace is her name

@Andrephylis

Ай бұрын

@TimothyHartley. You are welcome

I love seeing people in my small town that act like a million bucks with their big fancy cars. They try to impress me or whatever because I drive an old Toyota 4Runner. They are broke but look rich. It makes my day seeing how much people really care about impressing others. I could care less and I just want my kids and their kids to love a comfortable life financially.

The millionaires that I know, including myself, don't live like one would think a millionaire would live. I guess billionaires live like millionaires. Millionaires that live big, usually end up poor and their millions usually came a little too easy and fast.

@supercrazydesi

3 жыл бұрын

Well said.

@Musicienne-DAB1995

2 жыл бұрын

Yes, good point. Hence why we see so many celebrities and sportsmen ending up broke.

I’m not wealthy but it’s so cool to have control of your finances and not have debt. Thank you, Dave!

This is so true! We are one of the "secret millionaires ". I drive a 16 year old Prius, usually buy my clothes from discount stores or even thrift stores, and we have a budget and actually follow it. The main thing is to ALWAYS live beneath your means and invest wisely.

No shame on growing old Dave!! Shame would be not getting wiser!! Keep sharing those secrets!!!

@waterheaterservices

4 жыл бұрын

True!

@Musicienne-DAB1995

2 жыл бұрын

I think he was just being self-deprecating.

Read “the millionaire next door” changed my life and it tells the real story of how high net worth people behave and how they live.

@carerforever2118

4 жыл бұрын

I read it 2 years ago. We a good book. Very interesting.

I knew someone years ago who was single, in his 40’s, and used to lease hire a Ferrari while living with his parents in their council house! Since then I’ve never trusted anyone with a flash car because so few people actually own them outright 😆

My step-father, who managed vacation properties for people on Cape Cod always said the same thing: "The people with real money here don't look like it, they don't flash it around."

I think most people equate wealth with fancy expensive things, without realizing that people who own those things are normally SUPER rich and those purchases are comfortably within their means. Most people get some money and can't wait to flex on instagram.

@margarethess6583

4 жыл бұрын

The Cash Compass oMy experience with people with flash was that they were mortgaged or credit carded out

@LauraBism

4 жыл бұрын

You’re just a hater

@LauraBism

4 жыл бұрын

Margaret Hess that makes no sense you sound broke

@margarethess6583

4 жыл бұрын

The Cash Compass forget it- you don’t understand what I am trying to say. I’m not the hater or broke here

@KrystalToddCPA

4 жыл бұрын

@@margarethess6583 I would ignore that person.. they seem desperate for attention.

There is no right or wrong way to live, millionaire or not. We should live our own life the way we want and not be judged by anyone. I see people who borrow and spend and live a happy life, and millionaires who save and invest yet live a miserable life. Wealth and happiness are not always correlated to each other.

@pillowcase7420

4 жыл бұрын

Tanah Merah i agree about what u said thag happiness and wealth do not correlate. Happiness is relative. However, what dave is trying to say here is to live wisely in terms of your finances in general ( not about being able to reach a million and more) Its okay not to be a millionaire. But its a lot better if you live comfortably and HAPPY without drowning in debt.

@mrslcom

4 жыл бұрын

Abcd Effg. True. We may feel happier if we can live comfortably without getting into debt. But some people may feel otherwise. They won’t hesitate to go into debt to achieve the lifestyle they want. It may seem wrong to us but if that’s what makes them feel happy then that’s all it matters. Some millionaires flaunt their wealth while some live frugally. People are not all the same. So it’s not a question of who’s right or who’s wrong. It’s a question of what makes you happy.

@mrslcom

4 жыл бұрын

That is all relative. Those people may not be the most happy but they are not unhappy enough to make the tough choices necessary to give up their debt financed lifestyle. Most people tend to live beyond their means. And many poor people live a better lifestyle than the rich. It could be the reason why they’ll always remain poor. But if that’s how they want to live and enjoy life then I think we shouldn’t be criticizing their decision.

@mrslcom

4 жыл бұрын

Anne Day. Thanks for your input. I think we might be speaking of different demographics. I know a lot of people who lives a very comfortable semi-luxurious lifestyle and they are quite happy even though they’re up to their necks in debt. That’s all I’m saying.

Its amazing how often someone pulls up to the place i work at, in an escalade, with a new iphone, a $500 handbag, manicure and dressed to the nines and pulls out their medicaid card. . .i am floored . . Huh?

@backcountryshitok

3 жыл бұрын

Whats medicade?

@jarvisaddison8560

3 жыл бұрын

@@backcountryshitok medical program for the poor. Its a part of medicare but its run by the states and costs are shared by both the feds and states. You have to be below federal poverty rates to qualify for it.

@danskdna8550

3 жыл бұрын

And...somehow qualifies for free state subsidized childcare. Moms walk in with fake nails, new clothes, $200 hair highlights and qualify for free childcare. My taxes from hard work paying for that.

@lisalee2885

3 жыл бұрын

Oh yea they are working the system....hiding the money and claiming they are Poor 😬 I'm Never impressed when i see people like that 👎👎👎

@smallfamilysmallbudget1817

3 жыл бұрын

Yep. I'm lucky to have $25 with of dress clothes I bought on clearance from the Walmart for work. To be in dress clothes, and still pay child care!