You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@carlierichardson123

19 сағат бұрын

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

@GaryGriffiths7456

19 сағат бұрын

As a beginner investor, all you have to do is to have a mentor to keep you accountable.

@GaryGriffiths7456

19 сағат бұрын

Sincerely speaking. I will continue to trade and stick to Alex Redondo daily signals and guides as long as it works well for me.

@AmeliaHall335

19 сағат бұрын

Wow. I'm a bit perplexed seeing him been mentioned here also Didn't know he has been good to so many people too this is wonderful, I'm in my fifth trade with he and it has been great.

@GaryGriffiths7456

19 сағат бұрын

This is he’s telegrams user name

*The first step to achieving wealth is figuring out your goals and risk tolerance. Either on your own or with the help of a financial planner. And by following through with an intelligent plan, you will gain financial growth over the years and enjoy the benefits of growing your money.*

@hernandeztorres7137

12 күн бұрын

*Browse Donald Nathan Scott for more insights.*

I invest 25% of my income in stocks monthly and hold for at least 5 years but Recently, my portfolio has lost $150K. What should I do?

@Debbie.Burton

5 күн бұрын

Look for stocks with steady, increasing dividends that haven't been cut during recessions. Consulting a certified market strategist can also provide helpful pointers.

@benitabussell5053

5 күн бұрын

Agreed. It's always wise to be proactive and consider diversifying investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

@HarrisRyan-oy8eo

5 күн бұрын

my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains

@benitabussell5053

5 күн бұрын

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@A_francis

5 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

im 18 and get paid 15 dollars an hour and work around 32-40 hours a week. ive invested around 45-50% of what i made and intend to keep doing it. im fortunate to live at my moms home however and only pay a portion of bills. ive made a plan to have 20k saved and invested by my 19th birthday in december.

@jonathanbulkheed338

3 жыл бұрын

hey! sounds great! Will your mom offer me a room for cheap if I help out with cooking dinner and doing dishes? lol I need to save and invest more too myself.

@3TripleA

3 жыл бұрын

@@jonathanbulkheed338 the more the merrier 😂 and if you dont invest today you might regret it tomorrow

@jonathanbulkheed338

3 жыл бұрын

@@3TripleA alright sounds great! PM me your address and I'll start getting my stuff packed. Also.. just wondering.... is your mom single? lol

@fr3shv1p3r9

3 жыл бұрын

@@3TripleA can i come along too, i can do some great yardwork and heavy lifting around the house. I can also clean pretty well

@aidanchan1693

3 жыл бұрын

Whoa, are you me? I'm in this exact situation. Same wage, same hours, same plan, same age and same birth month!

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@alexyoung3126

2 ай бұрын

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@williamyejun8508

2 ай бұрын

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@jessicamoore3093

2 ай бұрын

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@jessicamoore3093

2 ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@GurpreetSingh-et8ix

2 ай бұрын

It really depends on your situation. My wife and I are currently in a home here in the Bay Area, but not necessarily in the best school district. We want to upgrade to a better house in a better school district. So it doesn't make sense for us to pay more than the minimum mortgage payments on this house. It allows us to save up for another house in the near future. Maybe we'll sell this house or maybe we'll keep it, that determinination will be made in the near future. All my friends do this: have a 6 month emergency fund, then max out 401k, then invest in mutual funds/ETFs/stocks.

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

@LancEthan

2 ай бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@Otmangrey

2 ай бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@catherinerea3569

2 ай бұрын

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@ShukriVikas

2 ай бұрын

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.{

@AgentGWG

2 ай бұрын

Begone bots

The bass in that guy voice 🤯🤯

@Babugee9

3 жыл бұрын

He's been fired

@navymed3

3 жыл бұрын

@@Babugee9 what why?!

@kisong1960

2 жыл бұрын

@@navymed3 slept with a coworker

@makers721

2 жыл бұрын

@@kisong1960 not a co-worker, but infidelity

@mr260z3

2 жыл бұрын

@@Babugee9 yep cheated on his wife. Somehow he kept his job for a little while, but has since been fired.

I hope you see all the positive you have done for people Dave! There will always be ungrateful and jealous people. Thanks for helping us out.

dave ramsey playlist is my at home background music

@ElainesDomain

3 жыл бұрын

HAHAHAHAHA. Good one. Subconscious learning.

@DJiMike1

3 жыл бұрын

Same

@perreira831

3 жыл бұрын

Smart Man!!!

@mind.health7834

3 жыл бұрын

Better than caffeine in the morning

@Ibeatuphomelesspeople

3 жыл бұрын

🤣

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

@AartFiona

6 күн бұрын

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.

@user-um8pz5fl5c

6 күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@MaiDaniella-mr2gq

6 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

@SteveBrown-yt3uy

6 күн бұрын

I'm new at this, please how can I reach her?

@HansonWisdom

6 күн бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

This dude could read ingredients off a box of fruity pebbles and it would sound like AMAZING food.

@ashyelbos

2 жыл бұрын

Lol

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

@StocksWolf752

Ай бұрын

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

@EleanorBaker474

Ай бұрын

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

@DilaraKamelya

Ай бұрын

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

@EleanorBaker474

Ай бұрын

Credits goes to " Sonya lee Mitchell" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@AK-47ISTHEWAY

22 күн бұрын

Sonya lee Mitchell steals money from senior citizens. She has a bench warrant issued for her arrest. DO NOT INVEST WITH HER!!! She is a scam artist.

I really like this video I have worried about the 1000$ emergency fund and the way y'all addressed it is spot on thanks

Depends on your goals and timeline. If you are interested in financial freedom before retirement, you should be targeting 40%. I lived like I was broke for many years and was investing around 85% of my income which lead me to become a millionaire by my mid thirties.

@mikemontana1990

2 жыл бұрын

That’s unreal man. My wife and I did the same, lived like we were broke and lived in a basement suite for Cheap rent until we were 29. We just cracked a million in assets and savings/investments at the ages of 31. Feels good!

@eriksavini691

2 жыл бұрын

@@mikemontana1990 Congrats!! I'm always inspired by others success stories. I wish you continued success.

@joshuas3897

2 жыл бұрын

Congrats! I love the positivity here!

@justducky8508

2 жыл бұрын

What age did you start your financial journey ?

@ellasoes8325

2 жыл бұрын

That worked for you and that's good. Dave's plan is more likely to work for a wider breadth of people.

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

@georgerobinson2021

4 ай бұрын

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

@harrisonjamie794

4 ай бұрын

@@georgerobinson2021 In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

@georgerobinson2021

4 ай бұрын

@@harrisonjamie794 Please, how do I connect with your financial planner?

@harrisonjamie794

4 ай бұрын

@@georgerobinson2021 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.

@georgerobinson2021

4 ай бұрын

@@harrisonjamie794 Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.

Such sound wisdom! Love it!

people finance a car that is 20-40% of their income, of course you can invest over 15% of your income

@AnnabelleC0306

3 жыл бұрын

Perfect example.

@johnantoine1477

3 жыл бұрын

Wow!

@jimroscovius

3 жыл бұрын

You can, but get the house paid off.

@thatredcam

3 жыл бұрын

Couldn’t have said it better

@Brian-hd4rb

3 жыл бұрын

Jim Roscovius I agree

No debt and single. I can afford to aggressively invest right now! I plan on focusing on investing in my 20s.

@ERprepper

3 жыл бұрын

How old are you? It’s not a bad idea, but don’t waste your prime preparing for your feeble years. Don’t be neglectful of your future and retirement, but definitely don’t neglect to enjoy some of your money and time.

@mso008

3 жыл бұрын

smash it bruva!

@samdenham5991

3 жыл бұрын

Its the way to go, invest and make sacrifices when you are young and able to work hard. Spend your 20s working hard and start to ease back in your 30s and 40s until retirement so you can reap the rewards.

@kCI251

3 жыл бұрын

@@SatoshiFibonacci Just be sure you get a prenuptial agreement so your wife doesn't take half of your retirement when she leaves you for someone else.

@Sweetie505

3 жыл бұрын

@@kCI251 Geeeez ouch lol 😆

I save 70% of my income, for years now. Granted I make good money, but it helped me so far. I already have my emergency funds.

The compound growth also works on the mortgage, the more you pay down the mortgage, the more of the mortgage payment goes towards paying the loan part of the mortgage and less towards money getting flushed down the toilet on interest.

The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate investment I've seen so much difference

@LarryAnthony-ut8ok44

2 ай бұрын

There's a favourable profit in real estate investment, This will be the best time to invest based on current status.

@JerryLuca-nm9ru55

2 ай бұрын

Jenny Pamogas Canaya is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.

@AK-47ISTHEWAY

22 күн бұрын

​@@JerryLuca-nm9ru55Jenny Pamogas Canaya steals money from senior citizens. She has a bench warrant issued for her arrest. DO NOT INVEST WITH HER!!! She is a scam artist.

investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself.

@graywilliams_77.

3 ай бұрын

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

@captain4318

3 ай бұрын

Just put your money into an ETF?

@parkadeigogaming9792

13 күн бұрын

Exactly, if you buy market portfolio (s&p500) you are literally maximizing risk to return payoff as you are directly on the capital market line and you are diversified, there's simply no better investment​@@captain4318

Good question, sir

I invest 80% and regret nothing

You can put whatever percentage you want into investing, Dave and others are just giving a number as a baseline. When you are increasing the money load in the bank, you can more or less spend and invest whatever you want on everything.

Mortgage pay down vs retirement investment. You're an adult! Do what you guys want... Dave taught you how to get out of debt already, the rest is up to you. His steps are a guideline, follow it or change it, but don't need to argue with Dave about it.

@alexc5369

3 жыл бұрын

He has even said that once you become a chef, you can tinker with the recipe

@chalimi.fithratu

3 жыл бұрын

Hahaha exactly 😂

@AlexanderWebster_

3 жыл бұрын

@@alexc5369 mostly agree. The only thing I would say don’t mess with is debt. You don’t want to ow somebody 3% interest for the rest of your life. Doesn’t matter if you’re making 10% in stocks. Stocks are taxable income and don’t give you the stability of owning your own home and being out of debt.

@SKBottom

2 жыл бұрын

Some of us question or debate as a way to gain deeper understanding.

I think this is one of the best videos Ramsey Solutions has put out explaining the rationale and intent of the Baby Steps. Explained with grace and to great effect.

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.

@Williams093

3 ай бұрын

@@Ricejames934 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...

@Williams093

3 ай бұрын

@@Ricejames934 Judith Ann peace is her name

@Williams093

3 ай бұрын

Lookup with her name on the webpage.

@Williams093

3 ай бұрын

@@Ricejames934 You are welcome .

Had the bass turned up and my head started rattling

15% should be the minimum.

@drevil5546

Ай бұрын

Yes, but people calling into a show asking for financial advice, usually don't have the best grip on their money. You don't hear any type of person like Warren Buffet calling into these shows. These types of shows are more of a "lets start to dig you out of the deep hole" situation with easy stepping stones. $1,000 is NEVER enough for an emergency fund, but it IS a small attainable stepping stone that someone can focus on while digging themselves out of a hole. The ladder to financial security may be 950 steps, but if someone cant see the first step of that ladder to get themselves out of their hole, they will never start.

Dave Ramsey, you really are such a decent man in the way you explained the "falling off the waggon" - Thank you for sharing your ideas with the rest of us

Thank you Dave Ramsey

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

@MaryOlson7

8 ай бұрын

@@chesterpatrick669 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

@MaryOlson7

8 ай бұрын

@@chesterpatrick669 Hi, please who is the expert assisting you and how do I reach out to them?

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

@AUstinnesc

Жыл бұрын

@Margaret I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

@McElvinn

Жыл бұрын

@@AUstinnesc she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

@jaydenlabroski5593

11 ай бұрын

Good old scam chats 😂

@RichL4899

11 ай бұрын

@@jaydenlabroski5593 yup im getting tired of seeing these bot chats lmao

@01happykat

11 ай бұрын

My first investment was also into a dividend stock at 14. At 34, I cashed out part of that investment to put towards the down payment of my house. Nearly all of my investments have done extremely well over the long haul. A few were duds, but I've come out on top too. Once able, I invested far more than 15% of my income. I don't do Dave's plan of paying off my house first. It's not that I don't think it's a good idea, but my plan has worked exceedingly well for me, probably because I had the saving and investing habit established long before I bought my home. But I think his argument is sound and logical for the general population.

Thank you Dave! Thinking I need to go back and review the baby steps to get us back on track…

I’m 19 and in the Air Force. Because my housing, food, and medical insurance is paid for by military (and no debt), literally the only things I need to worry about is my internet bill , data bill, and car insurance which all add up to about 300 a month. I only keep around 2k in my bank account and invest the rest which I guess is around 75% of my pay check. The reason I don’t have much money in my checking is because I don’t have many emergency obligations. I don’t need to worry about losing my job or about supporting a wife and kids. I am extremely blessed and thankful for the position that I am in, unlike many of my friends who didn’t put much thought into where their money was going. I know many of your circumstances are drastically different than mine, but being financially free for most people really just requires a little bit of prudence and self discipline.

Someone who never had an emergency fund is now complaining about having a $1000 emergency fund, You forgot you didn't have a $1000 before you started this plan.

@Inshape2

3 жыл бұрын

Exactly!! I read posts complaining about the $1000 not being enough all of the time and I want to ask them so bad... what did you have before???

@MrsThollo

3 жыл бұрын

@@Inshape2 Exactly. 😭

@rachelroelands9928

3 жыл бұрын

Most of those people have a few thousand in savings while they have tens of thousands in debt. Ramsay's plan gets people to realize how broke they really are

@davidstone1826

3 жыл бұрын

@@rachelroelands9928 Debt-to-Income ratio. That’s a real measurement of somebody’s true financial status.

@chef_rg.2

3 жыл бұрын

Well said

I do about 38%, but house is paid and I have no debt.

@Michael-ye9xm

3 жыл бұрын

If I’m younger should I be putting more in my retirement fund or saving to buy a house?

@aisherwasher6959

3 жыл бұрын

@yankeecandle unless you plan on buying a house soon (like in less than 5 years or something). Then it's safer to keep the money in savings

@harsimranbansal5355

3 жыл бұрын

@@Michael-ye9xm dump it in your retirement. You want a lot of money in retirement early on so it compounds. Even 1 year makes a big difference of a few million in 40 years. Invest first, then buy a house, all while living below your means. Every dollar you can save put it in investments.

@Triniboi05

3 жыл бұрын

Yeah 33% for me but no intentions of getting a house any time soon and no consumer debt.

@lionheart93

3 жыл бұрын

@@aisherwasher6959 😂

I miss Chris Hogan, he was an amazing Ramsey personality.

@user-iv2op8bz7r

Жыл бұрын

Same

@generalandmemeaccount3467

11 ай бұрын

He cheated on his wife, and Dave couldn't keep him employed at a Christian company with that knowledge. It's sad, but I think Dave made the right call.

@TommyGunzzz

9 ай бұрын

Actually he hid it for over a year and has fired lower level employees for the same, which he's going through lawsuits.

i needed to hear this. thank you

I've been on an aggressive debt paydown path, and recently i needed to get a new Catalytic converter for my car. It was very discouraging. I'll be fine and we have the savings, but those things do feel like a roadblock to your momentum

@grantcanty7294

6 ай бұрын

keep at it!

@bearnecessiteespolio5359

4 ай бұрын

Not sure of they have "HyperJar" in the U.S. but here in the U.K. I use HyperJar as a kind of second bank account because it allows me to put a little bit of money into loads of different "jars" which is great for these "unforeseen" emergencies. So for example I have a jar that I put £40 per month into for unforeseen car repairs, and a bunch of other "jars" that allow me to squirrelly away for these type of expenses. One is called "health" in case I suddenly need new glasses or an something, and another is for "household" in case I need to pay a plumber or buy a new washing machine.

I invest 20-25% of my gross income each year. 15% is too low in my opinion especially pensions are harder to come by and not many people have employer matching.

very good video. thanks for the input/advice

Miss Big Chris and his voice. Nice to hear an "old" video in this morning's walk.

Oh, good question. I've often wondered this. Especially if you're on the older end, say 42 with 0 in retirement. I see that he is wanting the house paid off first before you invest more. But, we have like 3% interest on our mortgage and only 48k left with a plan to pay off in less than 10 years. I don't think it's a bad idea to do more and pay off mortgage early at the same time. You'll never get the years of compound interest back. Everyone's situation is different.

Stocks looked to rebound Friday to close out a rough first few days in August, as the jobs report's release takes center stage and an earnings-heavy calendar continues. I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?

@Robertgriffinne

9 ай бұрын

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

@sheltonPston

9 ай бұрын

Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

@Alejandracamacho357

9 ай бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@sheltonPston

9 ай бұрын

credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

Great advice! These things make more and more sense the further along you go in your financial life. God Bless!

Because 15% is what you save with car insurance

Absolutely excellent conversation. Chris and Dave ooze wisdom and experience

Everyone should play with a compounding interest calculator at least once in their lives to see the potential over time. I'd invest 75% of my income if I could.

@beatrixaltenberg5135

2 жыл бұрын

I sometimes play the good old times game too, when interest on savings was as high as high risk investment is promising you now to manipulate you into giving them your money.

@joesoccerfan4628

Жыл бұрын

Yes. Dave really doesn't answer the question as to why not to invest more than 15%. If I had to do it all over again from my 20s, I would have put in as much as I could.

@AJohnson0325

5 ай бұрын

That’s what Shaquille O’Neal says…Invest 75% then the rest is for needs and wants.

Smart advice, I’ve just started budgeting and this vid came up

Multiple viewpoints. Dave Ramsey is right. A lot of it comes down to having to not get "too greedy" and live life while helping others and giving to those who also need help and allocating money for that.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

@HonorinaLeemaster223

2 ай бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@ExequielSkidmore666

2 ай бұрын

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

@HonorinaLeemaster223

2 ай бұрын

Jenny Pamogas Canaya, that's whom i work with look her up and thank me later

@ExequielSkidmore666

2 ай бұрын

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

@J0k3rl

Ай бұрын

ETFs or Index Funds that track the S&P 500.

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

@Patricia-Margaret

7 ай бұрын

@AustinWalker67 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Bridget Mary Turow and everything changed. I started enjoying huge returns from my investment.

@Patricia-Margaret

7 ай бұрын

@AustinWalker67 Bridget Mary Turow , lookup with her name online.

@Susanne-zuku

7 ай бұрын

@AustinWalker67 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

@bobdole870

7 ай бұрын

THIS IS A SCAM THREAD- DO NOT CONTACT THIS PERSON 🚨🚨🚨 THEY WILL STEAL YOUR MONEY!

Life is so much less stressful when emergencies happen and you have funds available to pay for the expense. Our furnace went out earlier this year, and yes it wasn’t ideal and it caused a bump in the road but because we had a rainy day fund we were able to pay for in cash and just move on with our life. It was an inconvenience not a major tragedy.

@DeanBKK

Жыл бұрын

An inconvenience is not an emergency though.

@susiem.2068

10 ай бұрын

​@@DeanBKKThat could have easily been an emergency if they didn't have the funds to pay for the furnace.

If you invest more you can always convert those investments back into cash to pay off the house. Either way, it’s a good problem to have.

@josicava5204

3 жыл бұрын

Excellent advice.👍

@jeremiahmeade710

2 жыл бұрын

No, you can't always convert those investments back into cash. Investments are another form of gambling, and, in gambling, sometimes you win and sometimes you lose. When you lose, you lose money, money which cannot then be converted to cash.

@craw_daddy97

2 жыл бұрын

@@jeremiahmeade710 Agreed. Unless you’re holding investments long term, liquidating those for cash is extremely risky in the short term.

@schuylergeery-zink1923

2 жыл бұрын

A 10 year early mortgage repayment, yes. But also you pay more in interest on the front end, so maybe it’s best to just pay off the house ASAP…

Dave has done so much. Not sure why people hate on him

@linkbelt111

10 ай бұрын

Dave’s system works well for beginners, people with debt they can’t handle. Once you gain some responsibility financially, there are better solutions. Most of the Dave haters are generally bitter towards most things.

Such a valuable video!!

Having listened to the Dave Ramsey show for 11 years now, this is a rare discussion that isn't a repeat, like 99% of the questions that have been asked before.

@genxx2724

3 жыл бұрын

That’s the level of person he helps.

@sidwhiting665

3 жыл бұрын

Yep, just like people get sick every year, requiring doctors to perform the same operation, people mess up with money every year and have to follow the same advice. . I'm guessing here, but I would say that 99.8% of our lives are repeats of lives that came before us. Each generation has to learn a significant portion of what the past generation already knew before they can start charting new territory.

Thank you for this! It's very helpful to understand the WHY behind the plan. It's not just math involved, there's emotion too, and the Baby Steps bring success to both.

@Nate-pp2kp

3 жыл бұрын

*She's* *reachable* *on* *Whats. App* *and* *do* *well* *to* *tell* *her* *i* *recommend* *you* *to* *her*

@Nate-pp2kp

3 жыл бұрын

+ 1 3 0 7 3 6 3 1 9 9 6

You can totally invest more, just make sure it comes from the money you'd usually spend on your lifestyle.

Love this show

After we paid the house off we saved 27% of our gross income for years. Now retired we spend big bucks traveling the world, spending most of the interest.

@immaculatesquid

3 жыл бұрын

hopefully youre still in good enough shape to enjoy it

@texasboy5117

3 жыл бұрын

@@immaculatesquid I think I have about three years of heavy travel before we slow down. We have been blessed!

@sambros2

2 жыл бұрын

@@texasboy5117 anyway since your retired you can now look after your health better and go to the gym

You absolutely should invest more than 15% if you are able to do so. I get that Dave is steadfast in his plan, but you can absolutely tailor it to your own situation, especially if you are playing catch up. There are people in their 30s-40s getting debt free with hardly anything in retirement, they need to be putting way more than 15% in.

@alexc5369

3 жыл бұрын

No point getting to retirement with a mortgage, agree with Dave 15% whilst knocking out the mortgage, then scale it up to suit

@PN-ve9lf

3 жыл бұрын

I feel that way too.

@jay215215

3 жыл бұрын

If u listen they saying u can do more than the 15% once your mortgage n stuff is paid off

@robby95036

Жыл бұрын

@@alexc5369 yes but most people could take out a 30 year mortgage and have it paid off for retirement and the reduced cashflow to the mortgage means they could have been investing sooner (compounding growth!). Dave's advice is meant for people with no self control and locking money away in their home is the only thing that forces them to not take the money out or waste it.

@susiem.2068

10 ай бұрын

​@@robby95036I wouldn't risk having a loan for longer than necessary. We're living through crazy times ! There's nothing to say that we won't live through another recession, another pandemic, that we won't loose our jobs, get sick or need to take care of a loved one that has gotten sick. I believe in reimbursing the loans (especially those without fixed rates) as fast as possible.

Dave is a good guy. Listen to Dave.

Not an investment comment. I just have to say it: After years in debt I finally said: ENOUGH! Enough with auto-pay, it's not working. Enough being stressed. I went with paper-bill-statements. For the first time in three years, I'm not in the negative. I don't have much, but having a little, being in the green, is better than having nothing in the red. Also, it's helped me not make any UNNECESSARY purchases. I can breathe a little again

I’m 18, living with parents. Make about 550 a week but 450 after paying 100 a week for rent and other stuff. I throw in almost every dollar into stocks. Right now I’m up over $2.2k

@pawnshifter6435

3 жыл бұрын

congrats，same here，can't wait to get started

@lucasmorris7885

3 жыл бұрын

That's very good

@lucasmorris7885

3 жыл бұрын

So I I'll advise you to invest more on stock and make more profit to yourself

@lukecoop2306

3 жыл бұрын

Congrats!

@Liljoozy

3 жыл бұрын

keep that mindset as long as you can! you are setting yourself up for success

A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?

@albacus2400BC

7 ай бұрын

You need to create your own process, manage risk and stick to the plan, through thick or thin or you can just seek the help of a financial advisor.

@NormanGhali

7 ай бұрын

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time

@RickWatson-xu6gw

7 ай бұрын

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

@NormanGhali

7 ай бұрын

My advisor is *Sharon Louise Count* . She is easily searchable on the web and has extensive knowledge of the financial markets.

@hannahjohnson7079

7 ай бұрын

A lot of these comments sound like spam. I don’t think you need a financial advisor. Read “Simple Path to Wealth” by JL Collins and you can do your own investing. Between Dave Ramsey and that book I feel like I know everything I need to know to build wealth.

This video is brilliant!

That was a good talk, one thing about saving $1,000 while your managing debt is if you don't save $1,000 for just in case then you can't save $10,000 for an emergency fund either.

I mean, you can always sell your investments, so it’s not really the same as becoming “house poor” or “car poor.”

@RonJohn63

2 жыл бұрын

Right. And you can reduce your monthly investments, too.

@jessicabixler1658

2 жыл бұрын

And you investment can tank.

@15KHPCLUB

Жыл бұрын

Always diversify

I followed the plan, now I'm a billionaire and discovered life in outer space.

@cheesemccheese5780

2 жыл бұрын

lol

@soccerbruh69

2 жыл бұрын

We've found Elons secret account

@rbellamy804

2 жыл бұрын

Elon Musk, that you?

This is an amazing clip.

Man this some great information

15% is a good start but not written in stone. 15% just happens to work well for most people.

@k-mart7475

3 жыл бұрын

Not for “most people” but for millionaires. 👍 Learn

@AaAa-ri4uf

3 жыл бұрын

@@k-mart7475 keep saying stuff like this and you will never have any money

@AaAa-ri4uf

3 жыл бұрын

@@k-mart7475 just keep watching cnn and worship Kamela Harris ok bud

@ballista7367

3 жыл бұрын

@@AaAa-ri4uf what's wrong with you

@shawkins79

3 жыл бұрын

@@ballista7367 drugs apparently. Seeing a problem that isn’t there.

Debt free and i invest more than 40% of my income in a diverse portfolio spread across stocks bonds and etfs , and i've grown to a 7 figure portfolio also making use of a full service broker managing my portfolio..

@walter.dlawson2580

3 жыл бұрын

impressive. I myself am pretty much focused on building my stock portfolio..

@serenewhopperman2924

3 жыл бұрын

do you by any chance do referrals on your broker ?...i could really use one

@clairefrewman1456

3 жыл бұрын

@@serenewhopperman2924 Certainly I do but I can’t just leave info here, just google her yourself, her full name is " Nancy Jane Gluck " she's quite known, you can connect with her on her webpage...

@chuajunlee2347

3 жыл бұрын

that's quite impressive, you've surely made a good bit of money..

@slam4119

2 жыл бұрын

This is a bot.

Invest in multiple streams, don't put it all in a pre-tax(401k type)..Agree with destroying the mortgage debt..

The percentage depends on your income. The more you earn, the higher the percentage. 15% at $40K income is fantastic. 15% at $200K income is not enough.

I saved 3000 dollars for my emergency fund. And glad I did. Gave me extra stability and 1,000 isn’t enough anymore. 3,000 dollars works perfect. I raised my retirement fund to 15% while I knock out the debt.

@brentos96

3 жыл бұрын

Thinking of doing that. I had a car repair bill in February, we "re-stocked" our emergency fund March 1st, and mid march it was depleted again with a Vet Bill, we re-stocked it again at the start of April, and mid April there was another unexpected emergency...we then re-stocked the emergency fund for the first month in a row come May, and thankfully everything has been good so far...but for that three month period, we were paying minimal on our debts. If I had $3000 at the start of February, I would be able to keep paying debt as normal, because I wouldn't feel as paniced to fully re-stock my emergency fund, and I would likely have my $1500 Master Card already paid off, instead of getting back into the snowball at the start of June.

@roycenedeleff1817

3 жыл бұрын

@@brentos96 $3000 is that way to go. I’m even thinking of raising it to 5000

@bighands69

Жыл бұрын

@@roycenedeleff1817 The purpose of the $1000 is to get people started. You would be surprised at how many people out there have bad finances.

im 21 living at grandmas and put 80% in lol

@Felskroner

3 жыл бұрын

its pretty smart. our culture in the US, looks down at it fairly strongly, for grown males to keep living with family. But early 20's, its still very reasonable. shouldnt be in any serious relationship where your own place is "needed"(after 25, maybe) , i think you can ride that out for a couple more years

@beautiful20106

3 жыл бұрын

That’s smart

First time Ive seen an actual explanation of the $1000 emergency fund step! I appreciate hearing Dave admit that that step is in no way about the math, because that's been something Ive consistently not liked about the Ramsey plan for my personal situation. I think Id much rather have that same 1000 paying off part of a credit card in order to save on being charged interest and just use that same credit line in case of emergencies. I appreciate this explanation though and can see how as a general rule for most people who struggle with motivation or will only be motivated for a few months that this can be very emotionally helpful.

This guy's voice is deeper than my whole bank account

@La_sagne

3 жыл бұрын

and meanwhile his bank account is still deeper than the voice of every singer out there

@jimwerther

3 жыл бұрын

But now he's out of a job and a wife

@TheSAD999

3 жыл бұрын

Voice of an angel

@Dr_Diaz

3 жыл бұрын

@@jimwerther what happened to him?

@jimwerther

3 жыл бұрын

@@Dr_Diaz He cheated on his wife with the wife of a colleague. That violates Dave Ramsey's rules, and he was let go.

None of this matters if you think the process of building wealth is instant and easy.

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

@SteveBrown-yt3uy

14 күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@GilbertMiles-yg6xx

14 күн бұрын

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.

@user-um8pz5fl5c

14 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

@MaiDaniella-mr2gq

14 күн бұрын

I'm new at this, please how can I reach her?

@AaronHansen-iu1df

14 күн бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

Plus, in Australia you have to be carefull not to exceed 27500 per year intio SUPER (401k? in US?) otherwise every dolar will be heavily taxed

I'm thinking of putting about $700K into stocks since I've read that astute investors can make money even in hard times. Do you have any good plans for this year's stock market? I was just wondering what better assets than stocks to invest in right now, since I currently sit on a $500k inheritance.

@MiaDavis001

3 ай бұрын

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

@NoahAnderson3000

3 ай бұрын

True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@CarterHall-re5fu

3 ай бұрын

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?

@NoahAnderson3000

3 ай бұрын

NYCOLE CHRISTINA VANNATA is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Cdix

2 ай бұрын

@@NoahAnderson3000I smashed in high school

I do 15%......but the other way around.......I LIVE on 15% of my income; I SAVE 85%.....I do this every month and have for years. I do not have a mortgage or any kind of debt, no car.

@alexc5369

3 жыл бұрын

The argument is invest 15% whilst paying off the mortgage, then scale it up a lot, or invest more whilst holding a mortgage.

@ERprepper

3 жыл бұрын

Man I’ll be honest if that makes you happy great, but it sounds miserable to me. Why aren’t you enjoying some of that?

Miss Chris

The $1000 fund is not enough to cover little bumps in the road anymore. Maybe new tires cost $250 a set 20 years ago, but now they're $600 a set. Everything that could be a small bump has gone up in price. $1000 may cover 1 or 2 bumps now, and 20 years ago, it could cover 4 or 5. We put away $3k in baby step one and are down to $500 already. Two minor car issues that cost $2k alone. Things. Are. Expensive. I do think the 1k model should be increased.

0:12: 📈 Maximizing investment potential and diversifying income sources through various strategies and considerations. 3:14: 📈 Maximizing investment potential and financial growth through strategic allocation of income. 6:15: 📈 Maximizing investment potential and diversifying income sources. Recapped using Tammy AI

House paid off now all I do is invest its great

Don’t pay off the mortgage first, invest it. Make sure to have some safe investments that pay more then the mortgage rate in an investment vehicle which allows you to pay no penalties etc.

Chris is the best.

I really appreciate these talks and advices. I tried to install your budgeting app, but it's not available in Poland. Are you planning to change it?

We invest 70% minus taxes and insurance.. we are 42 and millionaires.. house paid for, college paid for, zero debt .. We invest my wife’s entire salary .. minus taxes and insurance.. and 20% of my salary .. we live off only my salary ✌️

@biancajingles2690

3 жыл бұрын

That is so awesome! Congratulations, you guys are winning at life! ☺️

@jfcustomfab

3 жыл бұрын

@@biancajingles2690 thanks .. I’m not saying it’s easy but it will be worth it in 10 years .. 😅

@Semajayy

3 жыл бұрын

Can I hold some?

@holdenmoreland3119

3 жыл бұрын

That’s awesome! What do y’all do and what are your incomes?

@jfcustomfab

3 жыл бұрын

@@holdenmoreland3119 combined 200k ..

I thought Dave got the 15% invested into retirement from the book The Millionaire next door. Can anyone confirm this?

1000 USD is a just in case fund..by price parity it's 20000 India INR. So I do it..

One thing that I heard that stuck me is that: the car engine or tire or what ever will blow on person car or house or what ever who does not have any saving and not on a person that sits on cash. I always keep 10k+ for any stuff like this. Somehow then it does not happen :D And also a spare in trunk

@dirtfarmer7070

3 ай бұрын

It's been my experience that if you prepare for trouble, it doesn't happen. I agree with you on this point. Bad things will happen, be prepared and it's not so bad.

Was waiting for a GEICO commercial

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Do you suggest I invest in real estate, stocks or Gold?

@Curbalnk

5 ай бұрын

A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.

@greekbarrios

5 ай бұрын

@bastianrusso Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me

@kashkat987

5 ай бұрын

@@greekbarrios Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

@kansasmile

5 ай бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

@sev7nnn

5 ай бұрын

​@@greekbarriosbot