Move Over Crypto! THIS Is What Really Creates Millionaires!
ฝัง
- เผยแพร่เมื่อ 13 พ.ค. 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
Consider DCAing instead of a lump sum purchase. Consult a crypto expert for informed decisions. Time in the market is crucial. Following this, my pòrtfolio grew to 700k.
Do you mind sharing info on the expert who assisted you?
She goes by "Jill Marie Carroll" I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
George has jokes! He had Dave belly laughing!!
Got a good laugh out of Dave with that virtual time share bit
George should do stand up comedy.🤣🤣🤣 Great segment! I guess I will stick with my boring 403b. 😊
"I actually didn't think the internet was going to work..." says it all
Thanks, Al Gore
Never fails actually.
At the time only a few percent did.
Dave and his boomers don’t have forethought
And they wonder why we say Dave is out of touch with some things. This statement proves it lol
I almost spit my drink out with "Mary Kay for young men"
That was pretty good.
Oh My Mary Kay must be too feminist for manly Dave the draft dodging momma’s boy realtor 😝
That's a classic! haha
🤣🤣🤣🤣👍
So funny!! I cracked up
I like this duo on air. They are fun to watch and learn from!
will see how this ages when the meltdown of everything starts
Have to agree on Dave here. Instead of complicating, stick with boring index funds and use your time to fuel more revenue
no i want to retire before 50 :)
@@tukos7370 then get a higher paying job
@@rapidraptor9047 🤢Sorry...the word job makes me sick...
@@tstanley01 anything you do to make money is a job you know that right
@@rapidraptor9047 relax..it was a joke...
Dave’s gut busting laugh makes me laugh 😂
It's so nice to see Dave in relaxed mode, I'm pleased for him.
Best show yet… you guys had fun with the topic.
Keep spreading FUD while I dollar cost average, thanks Dave 😆 🤣
Man preach!
I'm about Dave's age and he has no clue....same mentality as Buffett and Munger, Lol
Amen 📈🙌🏾
Right?? I'm trying to get my average cost down 😂
Dollar cost averaging only works when the thing you're investing in comes back from the dip.
Second hand virtual smoke! 😃😂 You made my day!
You've got to love the George and Dave combination..Really fun stuff. Keep it up guys
😂🤣😂 this whole conversation on virtual time shares is hilarious 😆
This will age badly
“I didn’t think the internet was gonna’ work”… the irony.
The virtual Timeshare bit gave me the heftiest laugh. Wow I had tears.
George and Rachel are my favorite Ramsey personalities!
I cant wait to re-watch this video in 2037
also they teach thinking in a very limited amount of calculus classes where the teacher is wonderful
it's even satisfying in 2024
Ramsey teaches you how to potentially get a million or two being a 9-5 punch in worker. Take a chance, pursue your passions. Real wealth is much more than a million or two.
You might be onto something 👍🏻
I've watched more than a few people pursue their passions right into the poor house because they kept riding the hype train to the next hype train and never bothered to do any due diligence along the way.
I see this all the time with frie ds that left their jobs to start businesses that fail. I applaud people for trying but most will fail. Becoming a millionaire working a regular job is very doable.
Agreed 💯💯
I saved this for the year 2025. Please don't delete it from you tube before that.
TH-cam won't exist in 2025 :P
@@jrwntctv8091 2025 not 2055
@@swanseawales1979 That's what I said. Can't you read?
I'd say next year lol. Let's make a bet
I just want to say. I agree with 98% of what Dave says and follow his baby sets. However, on this one item I disagree with him.
Dave admitted he didnt see the internet working either. Paradigm shifts cant be seen from the old world.
First a Pebble Beach t-shirt and now Whistling Straights. Dave getting some golf in on the worlds top courses 👍
Is The Catalina Wine Mixer next?
You guys have made my day and it is so funny y'all are hilarious
Where can I find that study they did that they always refer to? Is it online somewhere or do we have to take their word for it?
Before or after the depression we are racing towards.
Thank you guys, you've read my minds 😂!!!
As the billionaires become mega billionaires and on the way to trillionaires, shouldn’t the bar be raised for “millionaire” targets too? By the time the “clocking in to their daily jobs just like you” average Joe gets to a millionaire status in a few years, what would be the inflation adjusted value of a million $?
The people that write these articles don’t think scientifically clearly
@@ZombieEater1001 but they do a good job coming up with divisive click bait titles..
Well in 1990 1mill would be worth 2.2mill so yes.
You have a 100% chance of having a 1 million net worth by following this free advice and it not good enough for you?
Ramsey included Venezuelan millionaires in his studies..
This is the best that George has ever got Dave 4:40
That was so funny
Dave, tell us about your Teletype! and when will you upgrade to the 1.2K modem?
"Cryptocurrency is a joke." - Dave Ramsey. "The internet is going to fail." -Also Dave Ramsey.
he never said the internet was going to fail. get out of here with your straw man argument doofis
@@TheButtman420 his show is older than internet, maybe he actually said that during the dot com bubble?
@mychael smith a few months in and it looks like Papa Dave was right and u are wrong
@@TheButtman420yes he did. He has admitted that in several podcasts including this one.
I love listening to George make Dave laugh! George Kamel & Dr. John Delony are the best additions to the Ramsey team, ever!
They're all great
That Mary Kay and NFT joke is the best thing I’ve heard here ever!!! 🔥🔥🔥
Yep I have a couple funds I invest in and that’s it. Slow and steady wins the race
In these time should you cut your contabtion in your 401k please answer 🙂
This was hilarious! Greatness 🤣
i laughed during this whole segment 🤣
I'm sure people's 401k's are looking a bit hurt recently as well...For those who've weathered the winter before, you know what to do
The meta verse time share 😂 😂 😂
I hated those days when AOL had the monopoly on the Internet and charged you by the hour, or was it by the minute, to access it! And they then restricted you to their AOL world. 🙄
Millionare doesnt mean what it used to just a few years ago...inflation is going to destroy purchasing power!!
I'll still take the millions
Irrelevant. A Millionaire is a Millionaire is a Millionaire
Inflation will always be there but it will settle down eventually
what are you insinuating? that you shouldn’t drive to be a millionaire?
@@OnlyShakor the comment section filled with butthurt. Lol. Stop acting like a million bucks is some insane milestone. It isnt anymore. People in venezuela are all millionaires.
I live in a neighborhood where the smallest house is about 5,500 sq ft and just about every one of my neighbors asked "Who's Dave Ramsey?"
That tells a lot
Of course, they understand what he teaches.
4200$ a month for the house 1400$ a month for my beamers out front and one tiny problem and I lose it all I’d fit right in the neighnorhood
@@alinatamashevich3354 I understand you can't read
@@15KHPCLUB Funny, do you do stand up as well? Quit trying to "flex" around an attractive woman. it only makes you look pathetic. Get out of your mom's basement and make some new friends.
Dave Ramsey is for the average folks who doesn't know how to handle money. The super rich doesn't follow Dave's teaching.
I’ve never laughed so hard in my life! Love to see Dave laughing too! “Mary Kay for young men”
True George, you called it.
I've been to Snoop Dog's house and I was worried about secondhand smoke while I was there!
LOLOLOL great laugh this morning! thanks!
Love their sarcasm and sense of humor, these guys play off each other like a chess match!!!
Brilliant comment by George; “ A sense of ownership about a sense of ownership.” NFT time shares. The only way to get further detached from reality would be NFT time shares in a video game meta.
Also told people to make sure you got a 20% down payment and now those people will never own a home at these prices
What’s the best way to do this when you are self employed ?
My advice is to never put anything into high risk in a 401k or 401b, high risk stocks are for day traders, not for long-term investors. If you have a 401k or 403b make sure that 100% of your money is going into stocks that pay you monthly dividends.
Please learn how Bitcoin and Hardware wallets work. FTX members made the mistake of not having private ownership of their assets
Dave should know there is more to life than money. Think deeper my friend.
btw 401k and roth IRA are down 20%
been there before many times, then it can pop up 25% a couple years in a row.
People laughed at the internet the same way Dave.
But the internet is not a Ponzi scheme
@@jayc4715 everything is a ponzi. Always need new money coming in no matter what the business is.
@@aurthordunne incorrect
Dave is the ultimate boomer
Why can't you do both?
Now the social security opt out should happen
Love it sense of ownership living next to snoop dog in meta verse
Lol 😝
Remember the movie inception dreams within dream within dream
i like when dave makes himself laugh so hard it sounds like he's about to start coughing
Love Dave’s stuff usually but this is some strong boomer logic here. Laughs so hard at the concept of decentralized finance and then proceeds to say he didn’t believe in the internet. The irony and self righteousness is too good here
well millennials have no idea what a girl is or a boy is. 🤷♀️ such smart folks.
This is great advice for the 1990's.
Oh man that was funny! I believe your 100 percent correct , the whole metaverse, nft,, complete insanity.. unfortunately this will be the future
We dont have any 401k in NZ
Tbh, you could probably code a hazy filter if you live near snoopdog simulating 2nd hand smoke
NFT timeshares…brilliant
Well said
I'm not into gaming. However, the metaverse is all about gaming AND some people LOve it. Anyway, advertising in the metaverse is not so dumb. I buy stocks linked to the metaverse real estate. small but believe in it. That is for sure. It's already been done and will continue. Major companies buying advertising space. Real estate advertising space in the metaverse. I'm an investor not a gam player.
Is there a max you can have in a 401K. In the UK the max you can have is just over £1 mil
Good question...I tried to research that on google, but only found out how much we could put in a 401K per year, but not the total amount a person can have in a 401K though. Maybe someone else can tell us.
I think the maximum contribution per year in the USA is $19,500
@@AJohnson0325 👍
George and Ken are great.
There actually is a concept of NFT Renting, similar to the timeshare concept.
"Conceptually, NFT renting is as simple as its name suggests. Individuals who do not own a particular NFT, but would either like to use it or experience it for a limited time, may go out to a relevant platform that supports NFT rentals, and rent it. In practice, the execution can operate in at least two different ways"
Which begs the question why on earth would anybody want to do that? 😐
@@scarpfish So you can go to Snoop Dogs place with a virtual gucci handbag for the night
That was over a month ago! Not today!! 401K’s are down tens of thousands and plumping with no end in site
Everyone used to think the internet was a fad. I've spent more $ online, though, than I ever did before online shopping
My company matches my 401k at 6%, I'm still there going on 21 years and I don't borrow against it. Just got my statement in the mail recently and I have a whopping 180k in my account. The only way your reaching a mill. is putting at least HALF your check in there which is waaaay more than 15% that they claim. A bit misleading if you ask me...
It's not just investing, it's also being debt free. It's a wonderful feeling.
you need a new 401k portfolio. What do you have all of yours in, bond accounts?
Hmmmm, you guys are laughing about the internet back in the days but yet you are in the internet now! What am I missing? The metaverse and NFT isn’t what you see now…. Study what it will do to all industry you touch now… you won’t be laughing, but would be buying the next internet giants if you open your mind instead of laughing about what you have not learned.
how much are those growth stock mutual funds down now?
Are you cashing out today? No?
Well dont worry about it.
@@WillmobilePlus guess you missed the point of the comment
Dave Ramsey living as if it's the 80s
And you'll be living like it's the 30s
Sad to tell them this, but second city was selling virtial property, it was pretty expensive.
Hmm..🤔..Steadily invest and pay off the house (debt)..got it👍👍. Slow and steady wins the race..🐌
hmm... but my 401k has been falling like crazy too =(
Hope your not close to retirement.
I believe you become a billionaire when you know people will absolutely buy that virtual timeshare and create it. Even though I think it's ridiculous, many people would buy it. 🙃
A virtual billionaire. You really don't own the billions, but get a "whiff" of it. :)
I would still like to actually see for myself and verify that study on millionaires
Yes, you should take the tlime to study and even recreate the study. Get back to us.
@@216trixie what’s wrong with wanting proof from something he quoted on a very very regular basis
@@kobilagos2140 nothing from wanting to see the evidence, but verifying it might take a long time. He already did the work.
Well at least he is honest about his stance on the internet. Anyone with the ability of critical thinking can go ahead and adapt that to his stance on Bitcoin. Most won't - and thats fine. And they will probably be okay with what he teaches. Either way though - he couldnt be more wrong about Bitcoin.
Crypto - NFTs and most things in between I can get behind his stance. But on Bitcoin Dave ist going to experience another Internet moment.
The timeshare piece will absolutely be true… we’re upgrading “exciting times are coming” to “terrifying times are coming”
man made horrors beyond human comprehension lol
NFT timeshares is genius 😂
How many every day millionaires did we loose since January though?
Bahahahahah George is hilarious!!! An NFT of a time share!!! Bahahahahha
Dave is 100% right however if you want to also invest in alternative assets in addition to a solid traditional investment plan why not 🤷🏻♂️
Sooooo how's our 401k's been doing since the beginning of the year? I've lost about 20% of mine and still losing.. what happened to 12% return Dave always talks about?
Don't see how you're losing anything for something that supposed to grow for at least 30 years.
How can you contribute to something you know nothing about?
12% is a lie
I have a Fidelity IRA. It's down 15% this year. I wonder if Dave has ever heard the joke about the statistician who drowned while crossing a river that averaged only two feet deep.
Due to standardized tests, public schools literally don’t teach critical thinking anymore. Just say the “answers.”
And it also took them years and years. While, whaabam, you could be rich quick with other things. Do you want to spend your money and maybe be rich now, or spend it over 30 years and MAYBE be rich in 30 or 40 years if you are still alive?
Virtual Real Estate is actually a thing already.
yeah, virtually everyone knows that....
🤣 I love it. These days You can sell anything, because they think they can sell it to more foolish fools
Why did 89% NOT inherit the money. Is this pro or con update? I'm unclear
Because they were first generation millionaires
Because no one left them money…
IOW, they earned their own. Many people like to say millionaires are rich because of family money.
NFT of time share? Why do I find this so easy to believe could be a real thing (although that sentence does not really make any sense, how insane)
An NFT timeshare is horrible lol
I think that would be cool. NFT time shares