Moral of story: there's nothing you can do about the national debt, keep your finances in check

@blackworldtraveler3711

Жыл бұрын

Yup. And I’m going to travel more.

@michelarosier1918

Жыл бұрын

I approve this message. 💯

@jimroscovius

Жыл бұрын

That's what I do.

@jordynlillibridge2769

Жыл бұрын

​@BlackWorldTraveler me too!

@aolvaar8792

Жыл бұрын

Bricks of .22LR semi-auto firearms bonded bourbon stabilized diesel Farm animals rice & beans water purification equipment Direct solar equipment

“End of the world” is one thing, but the end of the dollar as the world’s reserve currency is another problem entirely. Why conflate the two?

@farmyourbackyard2023

Жыл бұрын

Correct. 💯 Studying history shows us exactly what’s going on.

@Spladoinkal

Жыл бұрын

This

@Nonameagain80

Жыл бұрын

Its called generalizing.

@Spladoinkal

Жыл бұрын

@@Nonameagain80 you can't generalize that. Apples and oranges. Two completely different scenarios with completely different outcomes.

@WookieSenshi

Жыл бұрын

And as long as I'm buying into the worlds wealthiest companies, and stick to my frugal ways, it will mean very little to me if the dollar loses it's reserve status.

I gained a much better perspective of life after listing to my grandparents experiences during the depression. Fortunately they lived in rural farming areas and could grow food and hunt for it.

@isaachouston3899

Жыл бұрын

Yes. And even then the wildlife was scarce... Everybody growing gardens and had some chickens.

@FirstAmericaFirst

Жыл бұрын

People had grit back then.

"Not any crazier than any other moment in history" I sure don't wanna live through some of the things that happened in the past.

Dave called debt “the boogey man” even though the show is all about getting out of debt. Debt on an individual level and a national level have consequences.

@johndfw8680

Жыл бұрын

People die. Countries can live for thousands of years. Big difference.

@cartabontrace61

Жыл бұрын

I agree. Also, those people that wrote those books were applying economical principles that made them reach those conclusions. The reason we have averted many economical collapses is because we started printing money. The economical principles do not apply anymore because it is not being practiced. We just go on printing and printing and the fools go on thinking and thinking everything is just fine....

@stans1058

Жыл бұрын

The Country along with IRS not only encourages but promotes debt. Come on man look at the bases of all the IRS rules. Going debt free only allows you to pay higher taxes and eliminates leveraging.

@jeffcrosby5317

Жыл бұрын

He wasnt downplaying the significance of debt, he was talking about how people have been obsessing over it ending the world tomorrow - for decades and decades

@CoryFalde175

Жыл бұрын

He also called it "bad" "pitiful" and "outrageous" and said that there is a tipping point somewhere

The problem is that people don't look back in history. All they know about is right now. Mention the Great Depression and their eyes go blank.

@bgbgbg123

Жыл бұрын

It's interesting you mention that because modern deficit spending started during the depression. Without it, the depression would be far worse

Dave doesn't mention de dollarization...countries are ditching the dollar. It is done. Prepare

@blackworldtraveler3711

Жыл бұрын

Life goes on.

@setha360

Жыл бұрын

We will still have hyperinflated dollars, hope our butts don't mind the sandpaper effect.

@blackworldtraveler3711

Жыл бұрын

@Peppa Pig Maybe stupid to you but not to me. My girlfriend and I are living and exploring BVI in a 42ft ketch all month with pretty good high speed internet. I’m fishing for lunch while typing this. Life goes on.

@amireallythatgrumpy6508

Жыл бұрын

@@setha360 America has never seen hyperinflation.

@philfortner1805

Жыл бұрын

@@blackworldtraveler3711 and then your broke when you wake up one day to realize a loaf of bread costs 10x more while your pay went up 5x.

Daves entire strategy depends on this system continuing. It will crash hard at some point...and we aren't far off ...

@blackworldtraveler3711

Жыл бұрын

He’s not the one having kids ,creating debt,buying new homes and cars,etc…

@fenian123

Жыл бұрын

Not even close, won't happen in our lifetimes

@boston312

Жыл бұрын

​@@blackworldtraveler3711 bingo!!! Passport Bros!!!

@JerryStevens

Жыл бұрын

What he is saying, and I agree with, is that we don't know how far off it is.

@edd06001

Жыл бұрын

It won't. Money doesn't stop the sun from shining, the vegetables from growing, and, the world from turning.

I strongly believe everyone just needs to chill and turn off the news and social media for once. Rumors of economic collapse has been talked about for the past one hundred years and yet we are still here. Enjoy your life, worry about the things you CAN control and let God do the rest.

@Sheryl777

Жыл бұрын

EOS_23👍

@jimroscovius

Жыл бұрын

Exactly!!

@dsmhiggins67

Жыл бұрын

Keep sticking your head in the sand. America has lived far beyond its mean for decades; and I don’t think USA incorporated is going to get away with it this time. Middle East is sick of being threatened - especially now you have a military more worried about pronouns than defence..

@karlabritfeld7104

Жыл бұрын

And it happened in 1929.

@becs2272

Жыл бұрын

Agree!

Dave, your Dollar was worth way more than what it's worth now. That is due to spending and inflation. This young man has a valid question. You do have to be a bit smarter these days with a dollar since it is worth considerably less. Facts.

@hvaball150

Жыл бұрын

Hour of labor converted to a beer...I'm doing fine. The dollar is just a conversion.

@darinherrick9224

Жыл бұрын

That's backwards. You have to be LESS careful with a dollar. Because it's worth less! But also, adjusted for inflation the cost of living is cheaper and buying power is higher than ever. $5 now is worth around a dollar of 1970s, and yet the stuff you can buy for $5 is much better than what you could buy for a dollar then.

Wasn’t Dave just recently acting smug and saying that the dollar wouldn’t collapse and that those people are conspiracy theorists? 🤔

@Doc010

Жыл бұрын

Indeed he was

@blackworldtraveler3711

Жыл бұрын

It hasn’t collapse. Come back when there is a collapse.

@azteca6695

Жыл бұрын

Wouldn't be surprised. He tends to be smug.

@SilentEire

Жыл бұрын

He did say that hear also. To paraphrase “it’s problematic but history shows our fears are always overblown”.

@blackworldtraveler3711

Жыл бұрын

@@SilentEire Definitely a money making scheme. I remember religious organizations scaring people and offering overpriced Y2K food packs in 1998-1999 on info commercials. The Y2K came and went and many people were stuck with food they could have bought at fraction of the cost at Costco or Sam’s.

I'm more amazed that this senior is taking a personal finance class in high school

@md-wg4bz

Жыл бұрын

Me too, wish they offered personal finance when I was in high school.

@blackworldtraveler3711

Жыл бұрын

@@md-wg4bz It was called the library and home economics class. All up to you.

@ji-inroh495

Жыл бұрын

Some states have made it part of their standard curriculum. I wish the entire nation did the same----and add a tax course, real estate, etc.

@adolpholiverbush5867

Жыл бұрын

​@@blackworldtraveler3711 point is it shouldn't be. We shouldn't spend over a decade learning entirely useless garbage at indoctrination camp, while learning nothing about finances, bills, taxes, businesses, or anything useful at all in life.

@blackworldtraveler3711

Жыл бұрын

@@adolpholiverbush5867 Don’t know anything about all of that. I’m apolitical. I just took home economics class and read books. Also asked my mom and dad questions I had a savings account since first grade and Schwab brokerage account investing at 14.

Should be more worried about the death of the petro dollar than debts

@blackworldtraveler3711

Жыл бұрын

I’m more concerned about catching fish for lunch.

@MWebb-de9pq

Жыл бұрын

You mean like the BRICS currency coming? And there combined GDPs are bigger than the US.

@Jon-ko3vv

Жыл бұрын

@@MWebb-de9pq yep just like that

@amireallythatgrumpy6508

Жыл бұрын

Nope, considering the petrodollar does not exist (and never has)

@Jon-ko3vv

Жыл бұрын

@@amireallythatgrumpy6508 Ok

Dave still doesn’t get it. You can’t balance the budget in a monetary ponzi

@philfortner1805

Жыл бұрын

Dave is the classic boomer. Denial of dollar collapse to the end. Fortunately the uber rich Bitcoiners will rebuild this world.

@republicoftexas3261

Жыл бұрын

Boomers already own the vast majority of the land and hard assets. Assuming it's not a civilization collapse they are in the best position to weather the storm. The rest of us will get the unlubed consequences as usual.

@lorenclark7133

Жыл бұрын

The only thing he criticized is the American people.

@lindenlee3705

Жыл бұрын

I don’t think he realizes this time is a little different, the world is not coming to an end for sure, but the same can’t be said for the dire situation of the national debt

@ellasoes8325

Жыл бұрын

@@philfortner1805 Amuses me when people fall for the dumb definition of children of the 60s as BOOMERS. It's as if an 18 year old in 1964 is the same as a 4 year old in 1964 or that a 9 or 4 year old in 1969 were at Woodstock or a twit "boomer" born in 1964 was fighting for civil rights as a 5 year old as a certain genius who can't do math in the WH likes to claim.

Thank you Dave for this message. This has been something that has also been bothering me. The algorithm worked in my favor this time. Thanks again!!!

@elijahbutterfield4869

Жыл бұрын

Don't be fooled by anyone. Trust your gut. Hope for the best, yes, of course. Always. But also, always, prepare for the worst. Just in case. It's like buying bandaids better to have it and not need it than need it and not have it

Wish they would have given the kid some useful advice. He wanted to hear some wise investment strategies for growing up in a bankrupt world - not "don't worry about it".

@showspotter

Жыл бұрын

hopefully this kid reads these comments.

@rhaythe

Жыл бұрын

Control what you can control. Prepare where you can prepare. Affect what you can change. Anything beyond that is kind of beyond worrying about.

@TheFlyingZulu

Жыл бұрын

I think they did... The told him to not worry about it and to keep investing like normal. I'm not sure what else they could have told him. What do you think they could have told him?

@5doctips

Жыл бұрын

He said kept investing using same strategy as before

@showspotter

Жыл бұрын

@@TheFlyingZulu "dont worry about it" isnt good advice.

Focus on things you CAN control and not on things you CAN’T and you will have a much greater chance of success and happiness. Most of the doom and gloom we hear today is completely manufactured to influence us one way or another.

@blackworldtraveler3711

Жыл бұрын

Yup. Life goes on.

@diamondayala8752

Жыл бұрын

Amen !

@SIGSEGV1337

Жыл бұрын

but you can control your reaction to this, you should be adjusting your investments to take advantage of the fact the game is changing

The national debt is like lifetime smoking - the damage happens slowly over a long period of time then it’s too late to reverse, ending in death.

@spankynater4242

3 ай бұрын

Actually, if you stop smoking, your lungs will eventually self repair.

I love the optimism and gratitude here. I guess it comes down to the serenity prayer (paraphrased) ... worry about what you have control over and deal with it, and let go what you don't have control over, and pray that you know which is which. Great video.

I disagree we live in anew world that cant be compared to ANYTHIGN in history...there was no internet there was no information spread like it is today...

Dang, I’ve kind of lost my interest in Dave’s program, he’s actually becoming like all the others higher on the tier giving flippant advice from behind his millions of security and forgetting what it was like on the bottom 😏 His advice comes from where he’s at now not where he came from and how he got there. Don’t be ignorant in thinking everything is going to be ok !!!

@greatfulchristian4314

Жыл бұрын

Ty I was thinking the same. Dave should tell it like it is USA is sinking fast look around everyday the water is getting deeper. God help us we really need You.

@blackworldtraveler3711

Жыл бұрын

It’s all up to you how you want to live debt free like no one else.

@lindamassengill3029

Жыл бұрын

Good word!

@JP-mh5xb

Жыл бұрын

Great observation!!

@1charlastar886

Жыл бұрын

Dave got a thumbs down on this one from me. YT won't show us number of thumbs down votes on programs anymore.

They laugh about it but this system will crumble!!

@anthonyfaucy2761

Жыл бұрын

The ones laughing will be soon the first to cry when the system collapses

@blackworldtraveler3711

Жыл бұрын

Heck I laugh too. I don’t worry about things I can’t control. Life goes on and if it happens it happens.

@mnotlyon

Жыл бұрын

The system has failed multiple times. Each time they put a bandaid on it instead of fixing it. This time, the bandaid will be USDDC.

@aolvaar8792

Жыл бұрын

@@blackworldtraveler3711 Safety third

@ensignmjs7058

Жыл бұрын

Excellent.

Very good points. Take a breath and stay moving forward. Focus on your situation and worry less about the mistakes of others.

Keep up the good work!

But this is the first time in US history that our debt is far above our GDP.

@JerryStevens

Жыл бұрын

Yes, but there is nothing we can do about it. We need for things to get really bad before the average person will care.

@RobertJohnson-lb3qz

Жыл бұрын

@@JerryStevens Yes. Sad but true J.S.

@yoavmor9002

Жыл бұрын

The GDP is based on the length of the year. A year is an arbitrary value. When you measure the GDP over a month, the US has had a higher debt than that for decades. When you measure the GDP over a decade, the debt barely makes a dent. Nothing here is new, it simply crossed an arbitrary threshold.

@5doctips

Жыл бұрын

There is always something unique about any situation that would cause concerns, but if there is nothing you can do, be prepared a little (emergency fund), but dont loose sleep over it

@Mike-cb8cv

Жыл бұрын

false, federal debt to gdp ratio is lower now than it was during WW2

The guy on the corner screaming the end is near and the businessman screaming make it happen are both right in their own worlds.

@philfortner1805

Жыл бұрын

There's one world, it's called sovereign debt collapse math. None of the other views and feeling matter one bit.

As most probably know, the word "news" was created as an acronym for north, east, west, south. My wise beyond his years youngest son says news really stands for "Not even worth seeing"! I agree with my son.

@extinctreminant

Жыл бұрын

The origin of the word “news” is the plural of “new.”

@spankynater4242

3 ай бұрын

That’s not at all the origin of the word news. It’s not even an acronym. It’s just a pluralization of the word new. Meaning new things that are going on right now.

Printing money hurts those sitting on cash.

@blackworldtraveler3711

Жыл бұрын

Not hurting me at all. I have a lot of cash with investments,annuities,and passive income sources to blend. Don’t even need to work. Better than sitting on debt with negative net worth being forced to work and handing all your money to people you owe.

@adivorceddaddiary

Жыл бұрын

​@@blackworldtraveler3711You have been warned.

@blackworldtraveler3711

Жыл бұрын

@@adivorceddaddiary I have been sailing,fishing,and swimming. Life goes on.

@JD-rk2mv

Жыл бұрын

@@blackworldtraveler3711 If you're investing then you are not sitting on cash lol. This is for people who save it in the bank.

It's like saying death will never happen as you get older since it hasn't happened yet.

@blackworldtraveler3711

Жыл бұрын

Good way to be thinking. Better than sitting around waiting to die. I volunteered at the senior living center in the past and still help out with meals on wheels when I’m home.. You would be amazed how many didn’t prepare enough for retirement and took their social security too early thinking death was going to happen in their 60s and they are now in their 70s and 80s..

@Nonameagain80

Жыл бұрын

Except death is inevitable. Financial collapse of a given country could happen but most people finish their whole life and die without that happening in their lifetime. Therefore, your analogy is some very bad math.

@SIGSEGV1337

Жыл бұрын

@@Nonameagain80 yes but you make preparations for your death, as you should for financial collapse

Dave is a smart guy, but we never seen whats going on right now in the past, right now it’s uncertainty

Dave is the Titanic band playing to the bottom.

@jayc4715

Жыл бұрын

Nah...he's right ..most media is selling gloom n doom.. because it sells

People are hurting and these people are clueless. Far removed from reality.

I stopped paying attention to what’s happening in Washington and in the news years ago. I have much better peace of mind and don’t waste energy worrying about things I can’t control.

We don't really know where tipping point is ! Don't underestimate the issues of this moment in history ! Our security is at risk in more ways than at any other time. May God have mercy on us all !

But one day it will happen, Jesus is coming back, no we don’t know when, but we have to be ready and prepared. It has gotten worse and it will get worse because God has been taken out of much of our society, which has prospered for many years when America was following their beliefs. There will always be enemies to our nation because of that. One day it will come true. ❤️

@xandercruz900

Жыл бұрын

> It has gotten worse Compared to when? after you were born in the 90s? Nice to know all of history before then was roses and light.

@leonardlen-ccrowder7992

Жыл бұрын

Trueeeeeee !!! Amen 🙏 in Jesus name

@blackworldtraveler3711

Жыл бұрын

Jesus has come back with Pedro and Juan to spay that green stuff on the grass and trim the landscape for Spring on the property.

Predicting nothing will happen, is also a prediction 😊

@blackworldtraveler3711

Жыл бұрын

Prefer to just life my life.

Good question and an even better answer 💡

Jade has the oddest courtesy laugh

@drywallisinmyblood

Жыл бұрын

Ya know…

@jayc4715

Жыл бұрын

I don't like her..I like the other one with the big forehead better

Pretty good discussion. I like the moral of the story, definitely something I need to be careful of.

Good to know Dave doesn't think debt matters. That's a relief!

Hey Dave, what is "different" this time is the end of the dollar as the world's reserve currency. That is certainly not a conspiracy theory, it's happening now.

@blackworldtraveler3711

Жыл бұрын

How about waiting until it actually happens. If you have kids you already shot yourself in the foot anyway.

@brandleap08

Жыл бұрын

Give me all your American dollars then. Venmo me!

@sglacf

Жыл бұрын

​@@brandleap08 good one😅

@rodneyperry3124

Жыл бұрын

@@brandleap08 didn't say that the dollar was worthless yet, just made a well informed statement of fact about the status of the dollar.

@thelourensfamily8048

Жыл бұрын

There were multiple articles written about the end of the dollar being imminent in the 80s. I don't think it's happening all at once right now but perhaps over time in our lifetime.

its always good to be prepared.

Dave is right about watching all the news. It’s depressing.

"I've seen a lot of trouble in my time, but fortunately, none of it came to pass." -Mark Twain

Don’t worry about what you can’t control. Work hard, invest and be smart with your finances and you will be just fine.

@mathisnotforthefaintofheart

Жыл бұрын

How about investing in a second passport?

@RickM23

Жыл бұрын

@@mathisnotforthefaintofheart Nah. I love America. I already came from a developing country, I inherited Poverty. In America, you work hard, you get compensated for the effort you put in.

@mathisnotforthefaintofheart

Жыл бұрын

@@RickM23 Yeah, I have seen that mantra. The thing is, if you work hard in a Western European country, you can also become wealthy. There is nothing a country like Switzerland (just an example) doesn't have which America has, except random street shootings.

When I was a teenager, I remember a guy that made a big deal about people not taking Y2K seriously and lost friends over it.

@blackworldtraveler3711

Жыл бұрын

Many arguments back then.

@SIGSEGV1337

Жыл бұрын

Y2K was serious though, it's just that enough people took it seriously that crises were averted

@kosmonautofficial296

Жыл бұрын

To be fair that was a big deal and a lot of developers had to do a lot

@RobertJohnson-lb3qz

Жыл бұрын

A coworker, at the time, would talk about the whole U.S. descending into the Middle Ages again and he purchased a lot of camping equipment. He then found, what he thought was a good defensible spot in a local park with a good water source. On Y2K day he told the boss that he quit and went to his campsite and waited for the world to end. Two months later he left his campsite and asked the boss if he could have his old job back but someone was already hired and nothing was available. He was a decent man, hated to see him suffer such a setback.

@gipnor

Жыл бұрын

Software engineer here who was getting started back then. Companies were paying an incredible premium for coders back then to fix the problem. I recall there were tools to help identify logic in COBOL and RPG to help locate the two digit dates. It was a legitimate issue and a lot of money was spent... the outcome merely shows that the world was reasonably prepared.

Dave, sometimes you are a little too smug. I am retired now, but was working in the technology industry back in 2000. Regarding Y2K, my company worked all of the year 1999 to fix all of our Y2K bugs. And there were a lot of bugs in the software. I worked for a manufacturer of building automation equipment. Computer control of HVAC, lighting, door access. There were many issues in the software regarding scheduling and such where things were not handled when the clock rolled over at midnight on Y2K. Equipment would have shut down. So you can act all smug over the Y2K thing, but it was real. It could have been a big problem. But many thousands of people worked long hours to ensure it wasn't a problem and people like you could make jokes about it later.

@johnyarbrough1244

Ай бұрын

Maybe Dave was trying to say that smart people like yourself will rise up to meet technological and other challenges before they sink us. And we don’t realize the great work that is being done to get us past those challenges.

😅 The thing about foresight is you can change your actions to create a new future which is what usually happens. A reaction to the warnings solves the problem. As bad situations are forewarned about but usually don't come true. This doesn't mean, we should never react to these warnings. It means by reacting to this information we have changed the course of outcome to a more desirable situation, and have avoided the undesirable outcome. Avoiding the undesirable outcome should be the desired result. When the sign in the road tells us there is dangerous curve ahead we react by becoming more observant and reducing our speed making it easy to avoid the problem. But if we ignore the warning signs we fly off the edge of the cliff.

US national debt will cause devaluation of dollar

@lisabaltzer4190

Жыл бұрын

It already has.

You can always reduce debt through increased inflation. If inflation is 3%, every 24 years the debt amount value relative to whats made goes down by half effectively. So every 25 years or so.. 15 trillion debt today feels like 7.5 trillion. 25 years later feels like 3.75.. etc. Doesn't make it less dumb.

Tables a man to tell the truth there Dave

Dave is the best in the world when it comes to the psychology of getting out of debt and building wealth. The mechanism that he uses to grow, his money is the magic of compounding. That compounding only works if some foundational elements are present. People are recognizing that these elements are being destroyed and that there will be serious repurcussions (sp?) when they do.

@hvaball150

Жыл бұрын

9.5M of Dave's 10M followers have failed... So not sure his books are that great to follow either.

@Bond007Jr

Жыл бұрын

​@@hvaball150 Not sure I believe that stat exactly, would love to see the source for that. But even so, that does go to show, that the 80% behaviour 20% head knowledge rule is about right... Just because you KNOW how to get out of debt, by following a plan even when laid out for you. Certainly doesn't mean that you will. Dave cannot force the American population to follow the plan but, for the average person it's a good model to follow.

@hvaball150

Жыл бұрын

@@Bond007Jr the source is me. Good day. You won't hear it from Dave, that's for sure.

@jayc4715

Жыл бұрын

Me n Dave used to smoke dope together

Dave talking about the Rabbit Hole (Algorithm and Kooks) is hilarious 😂😂

Dave constantly states that individuals should do everything possible to avoid debt. But when the nations debt is mentioned, he just shrugs his shoulders and suggests we all just have to live with it. It's just one of those things we have to live with. No big collapse has happened in recent times, so just chill, and don't let it concern you too much. Wow.

@rebeccalindley153

Жыл бұрын

And that means you are doing something about the national debt? What exactly are you doing about it?

@scottyhehehe5367

Жыл бұрын

What are you going to do about the nat'l debt?

@blackworldtraveler3711

Жыл бұрын

What can you do about it? My girlfriend and I are sailing all month.

@erickolb8581

Жыл бұрын

Economics 101 states that everything is defined from a single standard which is production. Debt influences the standard, production, one way or another depending on buyer and seller confidence. I always like to compare debt like driving a car with broken teeth in the gear system. It does not consistently work right and sometimes shifting gears takes too long and rarely works perfectly. Basically debt is far too sensitive in some respects while too obstinate in other ways. It's all based on buyer/seller confidence and they are constantly changing back and forth and in between. Debt is a confusing mess.

@jeffcrosby5317

Жыл бұрын

So whats your advice? panic? what are you going to do about it?

Jade said something that I have thought (and sometimes said myself) and that is that I believe that financial things and some other types of things are cyclical in nature. They have their ups and downs. So what might seem like a catastrophe one day may turn around later and be alright after all, due to things running in cycles.

@IgoOutlateAtnight

Жыл бұрын

No the dollar is done

@jimroscovius

Жыл бұрын

Yes, it's a cycle.

@Sheryl777

Жыл бұрын

@@jimroscovius 👍

Y2K was a legit thing. I was working in rubber mold injection at the time, and we had a machine that had a computer running an operating system built before Widows 95. The calendar was a few days fast, and sure enough, at midnight it shut off. The supervisor came over, restarted the computer, we laughed about it, and kept on working. On New Years Eve, I was on WebTV, hanging out in a chat room, and no one was worried about because Microsoft said, we new there might be an issue, and we took care of it. Fear gets the headlines, solutions get burred on the ninth page page.

As a devoted Christian and believer in the bible (Revelation). Dave, the end of life and the return of our savior, Jesus Christ is near!! Talk about that, dear sir

This real talk on social media stuff

The dollar is collapsing, not a lot you can do, just don't take the bait of CBDC. they will try to get you to convert. That is the goal total control. It will come Dave... The answer though isn't worry, it's getting your financial house in order, and having things of real value, not everything in just money.

Preparedness is never bad

@amireallythatgrumpy6508

Жыл бұрын

Preparedness is an impossibility.

I love this show ! I hate how everyone is a yes man /yes woman . Whatever Dave says that’s what goes. The cast is not opinionated

@Jenda-ld8dj

Жыл бұрын

...Not allowed to have an opinion. What does that really tell us?!!!

@blackworldtraveler3711

Жыл бұрын

Should be focused more on your own personal business than how people act on a KZread video that don’t even know you.

@jrivas3159

Жыл бұрын

@@Jenda-ld8dj it says they want to keep their jobs lol

@jrivas3159

Жыл бұрын

@@blackworldtraveler3711 oh yea I’m opinionated unlike the cohosts. I do know they want to keep their jobs. So they play their part.

@blackworldtraveler3711

Жыл бұрын

@@jrivas3159 I’m sure you are playing your part in the employment world as well unless you’re early retired like myself.

Wow, Dave is finally admitting the debt is a problem

@danielvalenzuela8814

Жыл бұрын

In Dave's defense, he has brought the debt issue up on at least one other occasion during the past couple of years.

@jimroscovius

Жыл бұрын

He's always said that.

@bmoresboy4303

Жыл бұрын

This is sarcasm right? This is a frequent talking point of his.

@foodmens

Жыл бұрын

What?

@kyleinpa5285

Жыл бұрын

@@bmoresboy4303 he’s been saying that Washington spends too much for 20 years, but he doesn’t think inflation is caused by the deficit spending. He probably doesn’t care because he benefits enormously from his $500 million of real estate that he owns going up in value.

One theory is that because of high debt, at some point in time US need to increase taxes across the board. So, some people say it is better to invest in ROTH kind of retirement account vs. tax deferred retirement accounts. Not sure it is worth, because money will grow more in tax deferred account vs. taxable accounts and compounding will do its magic!!!

@hvaball150

Жыл бұрын

You don't understand who pays

how i think it's going to affect him: more national debt coupled with more countries going off the dollar system will mean more inflation because your dollar will become worth less and will result in less of an ability for the US to borrow, IE, sell bonds to countries who want to hold them in our currency, so there will come a point to where we cant increase the national debt anymore which will mean major budget cuts. so its even more imperative he and others get ahead of the curve.

Y2K was because many computer represented the year part of dates with 2 digits. The fear was that after Dec 31, 1999, computers would represent the year 2000 as '00' and cause global catastrophic failure for many systems. Nothing happened.

Why does she act like everything dave says is the most insightful golden bit of wisdom.

@wewhoareabouttodiesaluteyo9303

Жыл бұрын

He pays her paychecks.

Interesting woman , talks normally, no “ I seens me “ , no, “ lemme axe you “, no foul language…..how refreshing

Is it just me or this lady kind of forces herself to laugh at Dave's jokes?

@girardedward

Жыл бұрын

It’s Boomer jokes…

@Pravin_Yeshua_BTC

Жыл бұрын

Yes and it’s cringe. Everyone on egg shells trying to keep the job. Dave and his tribe can’t see the people anymore.

@ellasoes8325

Жыл бұрын

She's just generally cringe, actually.

Fear sells better than anything.

@sunson1491

Жыл бұрын

And truth escapes everyone

So basically be alert and concerned but not obsessed and panicked over it.

bullet investing engaged.!!

You could invest in inverse index funds, thats what you could invest in. That or puts

We see the solution to the debt. Inflation. The debt will become a problem when it can no longer be sold.

The reason America hasn't fallen is because God still is showing mercy to this country. Once His hand is lifted anything can happen. America is still a great country (coming from a Ukrainian immigrant living in US for 24 yrs)

Dave should write that manuscript.....then burn it to get it out of his system depending on how bad the temptation is 😂

Dam Dave I hope your right

How ever Ramsey team you have got to admit that the end time are closer then you think !!!

@amireallythatgrumpy6508

Жыл бұрын

The end times will always be "tomorrow".

Dave isn't saying debt doesn't matter. He says that it's terrible and out of control in the beginning of the video. He just saying he can't control it and he doesn't lose sleep over it.

The most direct effect of the massive spending is inflation, the tax that no one can avoid. Our buying power has declined due to it.

"No one knows at what percentage the debt’s deleterious effect on economic growth becomes severe; no sensible person doubts that there is such a point." - George Will 2018 I have no doubt that it will cause harm, but I can't do anything about it so I don't waste energy worrying about it.

@douglassmith9445

Жыл бұрын

Exactly. If there’s nothing you can do to change it, might as well have an abundance attracting mindset instead of these negative people on ig scaring others with Chinese propaganda.

I mean, all US debt are calculated and paid with US dollars. When Federal reserve feels the debt is a little high, just print more dollar and all of a sudden the debt shrinks.

The stuff they call news now Is the stuff we used to call tabloid . Priceless. LoL 😂

6:13 “conspiracy theories,” seriously Dave. Here was a golden opportunity to talk about protecting one’s wealth by true diversification but he blew it.

What does Dave think about digital currency? Will they be able to pull it off?

@mathisnotforthefaintofheart

Жыл бұрын

If digital currency becomes the norm, say goodbye to your (financial) freedom.

@ORflycaster

Жыл бұрын

@@mathisnotforthefaintofheart Which IS the purpose.

Hi, Mutual Fund you state that outperforms brk-b? Thanks

Throughout history, empires/countries have collapsed, and society has continued. We’ve invested in land and ways to grow our own food. 😊

I enjoy Mr. Ramsey's views. Since the 1500s dominant world currencies have on average lasted 100 years, so the next 10 years should be very interesting. Hopefully all will remain normal. (Per Ray Dalio)

Dave is not addressing the nation's debt, I feel like he's being naive or doesn't want to believe a crash disastrous proportions is coming. If our value of the dollar goes to half its buying power. It will be much more difficult to keep investments lucrative in the dollar.

They would have to simulate the gravity to make it feel believable.

I'm more concerned about all these countries dropping the dollar

The comment section has shown that they don’t watch the video, they just read the title and assume what the video or Dave or whoever is saying. In this video, Dave keeps to his opinion and his idea that it’s not going to collapse and not to worry or fret about it.

When WHO links our obedience to mandates & bank accounts people would move their funds. Nothing like paying administrators to betray us. HR 79

I wouldn't be worried either if I was a multi millionaire

Dave, the boogy man is mathematics. No jive will alter it's course, all fiat ends this way. Ignore monetary collapse math at your own risk. Purchasing power is down 80% since 1980.

I know that I've probably missed your explanation but are we really in trouble about the American dollar being devaluated?

😂 hey Dave the national debt is not a boogey man. Dave went from beans and rice to water and bullets. Bogaloo man no fear no boogeyman

I wonder if there is a Dave Ramsy version from Venezuela in the 80s?

Money based on nothing, created from nothing, with interest charged on nothing. GREAT SYSTEM

He knows little to nothing about international monetary policy. We know it’s about to implode because the factors that’s kept us afloat are coming to an end.

I love Dave. But is there a Dave that lived in Venezuela?