I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
This is the first quality call I've seen in months. Someone young making some cash and calling in to decided how best to make his money work for him. Not someone taking a loan to have that blow out wedding or someone having 200K in student debt in education then wants to be a SAHM.
If I had a welding business, I would invite Dalton to shadow me. I am not in the welding business but this guy has his head on straight and is heading the right direction.
This young man has his head on right, pray continues on the right track, and be mindful of the commitments he makes too early, like women and children.
In the 1990's, High temp, high pressure welders working 45 days on, 45 days off Supercritical Steam Generators Superheat tubes 12 hours a day at 1.5X ~$1000/day with per diem. The power plants have RV hook ups.
Would love to hear how callers like this are doing today. I find myself rooting for Dalton and glad that he’s got his head on straight at such an early age.
Crazy, I’m 24 watching this and I did the exact same thing when I was 21. Everything Dave said is correct, I wasn’t prepared on the business side of things and learned everything the hard way. Three years later it’s smooth sailing, I’ve moved out, and have a 2 month back log of work but looking back it was the scariest decision of my life and is still the most stressful part of my life. I wouldn’t have it any other way though.
I haven't listened to the video yet, but knowing Dave, I'm guessing the best thing to do with $85k in savings is put 20% down on a brand new Rolls Royce.
@@ghostmane2643 why would I , it’s true . Never marry or have a relationship with a woman with kids . There are women out there without all that extra luggage and headache . Plenty of women out there who don’t have kids or never been married before.
Excellent advice from Dave's sidekick. Research, research, research! He could essentially do it very slowly. Buy an old beater F350 or Chevy 2500. Do it part time or on the side, what and slowly transition if it seems promising.
You don’t need to go to college to learn how to run a business. Talk to people that do, read books, watch videos, write your ideas down. You do the LITERAL same thing in college so save yourself 85K and skip that buddy.
I don’t know if the show reads the comments, my question to Dave is if he could go back to his 21 year old self what would he tell him to do differently, and what would he have done differently ?
Awesome phone call! Way to go! Smart kid. If i could start over i'd have gone into the trades. Dad and grandpa are both plumbers, im 36 and an aerospace engineer, doing well with no student loan debt, but i'd still go back in time to become an electrician
I'm looking to start investing in the stock market and other asset classes with $250k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
I have stuck with the popularly ‘’Jennifer Leigh Hickman” for about four years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The answer what to do with the savings was to buy a “sufficient” truck (not an expensive nice looking one) and outfit it with the welding tools he needs to start his own business. (Once he has received a sufficient amount of mentoring and has read the book Dave is sending him)
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.
@SammyIglesias4665 However, if you do not have access to a professional like Clementina Abate Russo, 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
just reading the title "what should I do with my savings" to me implies that someone worked a job and saved money like a maniac, now doesn't know what to do with their savings like me. Seems like this guy does know what he wants to do, so kind of misleading title.
If you are thinking of investing in the stock market and you are not weII versed, its advisabIe to work with a financiaL advisor who is an expert to guide you through the process. this way you could make more profit with less risk.'
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, AMD, ANSS, and LRCX, my advisor's guidance was invaluable.
@@queen.kristal8395 I think works for multiples people not just for u, I thought u were talking about getting a full time cpa who only works for ur company , my bad 😅
Good head on his shoulders, raised right. Rust free well kept rust free lbz duramax welding rig. Keep at it, be careful what women you let in your life 👍🏻
@@kevinkang1028 All he has to haul or load is his welding tools. Just so he isn't driving the Winnebago daily to the job. He needs a reliable old truck and Tacos are one of the most reliable old trucks
sell out of the money cash secured put options with it for premium, 2-3% return a month. 30-40% compounded annually. Dave dont know about all that tho...
Looks like the start of a common theme? Men are not going to a traditional college to learn woke-a-nomics and be shamed for their "xy" chromosomes and graduate with a degree in proper pronoun usage. They don't come out with 100-150k in student loan debt either.
This kid worked hard, saved his money, and is seeking solid advice that will make him prosperous in the long run and you tell him to get a single mother and help her with her children… yea WE NEED TRUMP BACK IN OFFICE TO MAKE AMERICA GREAT AGAIN
I’m wondering, what’s the smartest thing to actually do with my savings Just keeping it in the bank doesn’t feel like it’s working hard enough for me.
I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
I’ve heard of her! Doesn’t she offer a free consultation? I could use some advice on how to balance risk and growth without overcomplicating things
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
This is the first quality call I've seen in months. Someone young making some cash and calling in to decided how best to make his money work for him. Not someone taking a loan to have that blow out wedding or someone having 200K in student debt in education then wants to be a SAHM.
If I had a welding business, I would invite Dalton to shadow me. I am not in the welding business but this guy has his head on straight and is heading the right direction.
It's Dalton!
Christy is one smart cookie...she really knows her stuff! Dave is a good teacher!
Cookie lol
This young man has his head on right, pray continues on the right track, and be mindful of the commitments he makes too early, like women and children.
Dave: “good for you. WELDone”
Ha!
🤣
$100k a year for a welder is really good! I am sure it is tough work but good for this guy! 👍
$70k is entry level for a welder. People highly underestimate the pay in the technical fields.
Isnt it just connecting things with a flame? Doesnt sound like much brain power, no offense
In the 1990's, High temp, high pressure welders working 45 days on, 45 days off
Supercritical Steam Generators Superheat tubes
12 hours a day at 1.5X ~$1000/day with per diem.
The power plants have RV hook ups.
@@yoopally4136 i dont want you welding at any nuclear plants by me!! Thats a highly regulated and skilled industry
@@yoopally4136 anyone can weld.... But it takes skill and years of knowledge to weld properly
Would love to hear how callers like this are doing today. I find myself rooting for Dalton and glad that he’s got his head on straight at such an early age.
Crazy, I’m 24 watching this and I did the exact same thing when I was 21. Everything Dave said is correct, I wasn’t prepared on the business side of things and learned everything the hard way. Three years later it’s smooth sailing, I’ve moved out, and have a 2 month back log of work but looking back it was the scariest decision of my life and is still the most stressful part of my life. I wouldn’t have it any other way though.
Put it in the S&P
I haven't listened to the video yet, but knowing Dave, I'm guessing the best thing to do with $85k in savings is put 20% down on a brand new Rolls Royce.
😂😂😂
LOL great idea!
😂 😂 right
❁WhatsApp❁
Finance that car and invest the money instead of paying cash.
This kid will be able to semi retire by the time he's 40 if he keeps his head on straight IMO.
Men who marry or have relationships with women that has children deserve it , they should be smarter
@@briom1425 Yikes it's not too late to delete your comment
The thing about retiring young, is healthcare,
I'm retired young and my cost is $600/mo, my former employer pays $1500/mo.
$2100/mo total
@@ghostmane2643 why would I , it’s true . Never marry or have a relationship with a woman with kids . There are women out there without all that extra luggage and headache . Plenty of women out there who don’t have kids or never been married before.
Excellent advice from Dave's sidekick. Research, research, research! He could essentially do it very slowly. Buy an old beater F350 or Chevy 2500. Do it part time or on the side, what and slowly transition if it seems promising.
Dave Ramsey you should get Mike Rowe on the program to talk about things like this 👍
Mike Rowe's shpeel has grown monotonous and tiresome. He only wants other people's kids to go to war while his sits in an A/C office.
Great call and advice!
What practical and caring advice.
You don’t need to go to college to learn how to run a business. Talk to people that do, read books, watch videos, write your ideas down. You do the LITERAL same thing in college so save yourself 85K and skip that buddy.
I don’t know if the show reads the comments, my question to Dave is if he could go back to his 21 year old self what would he tell him to do differently, and what would he have done differently ?
Awesome phone call! Way to go! Smart kid. If i could start over i'd have gone into the trades. Dad and grandpa are both plumbers, im 36 and an aerospace engineer, doing well with no student loan debt, but i'd still go back in time to become an electrician
Love the content guys God bless!!!
This is so nice to hear
❁WhatsApp❁.
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
excellent mentorship👏🏾👏🏾
wow, that was great advice to a young ambitious person who wants to get into business!
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
❁WhatsApp❁.
I'm looking to start investing in the stock market and other asset classes with $250k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
I have stuck with the popularly ‘’Jennifer Leigh Hickman” for about four years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Scheduling is a big one.
Good for him! Doing really well! Now the question arises, what should I do with my savings? This video never tried to answer that lol
Lol 😆 does it ever?
The answer what to do with the savings was to buy a “sufficient” truck (not an expensive nice looking one) and outfit it with the welding tools he needs to start his own business. (Once he has received a sufficient amount of mentoring and has read the book Dave is sending him)
awesome this call makes me excited for him
Stay independent- managing ppl is harder than manual labor- I prefer indie contracting- stay tuff- 💪😎🇺🇸
When you do find that person to shadow, do we offer to pay them for their time? Or do you find someone would share knowledge willfully?
Transfer it to my bank account.
Facts
Follow the baby steps, it works every time.
Did this lady leave the show? Haven’t seen her in current episodes.
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.
@SammyIglesias4665 However, if you do not have access to a professional like Clementina Abate Russo, 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
@SammyIglesias4665 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@SammyIglesias4665 You are welcome .
Love it. Kid is doing great.
❁WhatsApp❁.
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
Congratulations young man
❁WhatsApp❁
*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO *..
Young and trained = Work the hours. Stack the chips young man. Future you will thank you.
Here before Casey the most hated spammer
Copy paste inspirational quote about finances
He did say that it was his boss that suggested that he start his own business. Why doesn’t he just ask his boss to be his mentor?
What should I do with my savings?
Dave was laughing in the thumbnail on how little this guy savings compared to Dave's
He is going to need a tax person that can help him through the reporting that is required.
😑
❁WhatsApp❁...
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
just reading the title "what should I do with my savings" to me implies that someone worked a job and saved money like a maniac, now doesn't know what to do with their savings like me. Seems like this guy does know what he wants to do, so kind of misleading title.
Put it all in BBIG
Buy stable coins ( usdc) put it in Celsius and get passive income with no fees whatsoever.
They didnt actually answer his question.
House hack and buy your first rental property, add value to the properties you buy and keep buying in markets that appreciate.
One word......F.I.R.E.
I wish I had gone for welding instead of getting a bachelor's degree.
😂
his friends paying 100k per year for school, and he making 100k per year working yea he is ahead, trades are in short supply now
i have been trying to grow my savings and i wonder which is better the stock market or forex trading.!
If you are thinking of investing in the stock market and you are not weII versed, its advisabIe to work with a financiaL advisor who is an expert to guide you through the process. this way you could make more profit with less risk.'
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, AMD, ANSS, and LRCX, my advisor's guidance was invaluable.
He needs to take business courses before opening his own business. Otherwise he could get into tax and accounting trouble.
Or u can hire a reputable cpa. U don’t have to know taxes and accounting to do it.
Definitely not necessary. There are people to hire for that.
@@queen.kristal8395 cpa will cost him a lot , he's a not a millionaire , if you make 400 k annually ,he can give 100k to the cpa
@@lotuswolf1518 lol we only pay our accountant $250 a month and make almost 400k a year .u don’t know what your talking about.
@@queen.kristal8395 I think works for multiples people not just for u, I thought u were talking about getting a full time cpa who only works for ur company , my bad 😅
Good head on his shoulders, raised right. Rust free well kept rust free lbz duramax welding rig. Keep at it, be careful what women you let in your life 👍🏻
Give it to me if you don’t know what to do with it 😫🤣
“Nuke-yu-lur”
He needs an old Toyota Tacoma
Can’t haul or load much
@@kevinkang1028 All he has to haul or load is his welding tools. Just so he isn't driving the Winnebago daily to the job. He needs a reliable old truck and Tacos are one of the most reliable old trucks
I have one and LOVE IT...I haul all kinds of stuff.
Things are really exciting for this kid
sell out of the money cash secured put options with it for premium, 2-3% return a month. 30-40% compounded annually. Dave dont know about all that tho...
Deep in the money LEAPS with SPY & QQQ
❁WhatsApp❁.
*PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
buy a 2022 honda odyssy
🤣 it would probly go up in price
He should use his money to get a tuba degree
Haha I remember that video!
Hi guys I’m 25 and I think it’s about time to focus on a career, what do you recommend?
McDonald's
Go to work for Dave …..
@@Logan69420 lol
Raising cattle!!!
Depending on your experience, I would say IT is a great option. Or at least get a Business degree as it opens many doors. I hope that helps!
Looks like the start of a common theme? Men are not going to a traditional college to learn woke-a-nomics and be shamed for their "xy" chromosomes and graduate with a degree in proper pronoun usage. They don't come out with 100-150k in student loan debt either.
People skills are a big deal. I need to work on it.
❁WhatsApp❁
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
Invest everything over your emergency fund.
❁WhatsApp❁
*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..
That hard labor will wear you down long term tho
thats why i dont believe it should be a life long career. maybe a few years, 10-15 max, save as much as possible and then move onto something else.
Christy should get a job delivering pizzas!!!
Wut lol
She's great, why the hate?
You are someone who have not yet learn anything about life and Responsibility
No, she should become a model!
Get a Celsius Account and get %10 yield
Yeahhhhhhhhhh I love Celsius.
He can make far more in Kucoin than what Celsius is paying.
@@TimeLessEntityT0 yes but I think Celsius is much safer
I prefer farenheight
22 yrs old, 100k$ per year? DEYM
Left and right people coming on this show asking the stupidest questions. Use google if you’re so curious.
buy a motorcycle, or boat and enjoy a bit before you feel burning out halfway through
Comment great sir. Bye good hi
Purchase a new gaming PC
In Germany they take it from you!!
❁WhatsApp❁...
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
Kristy should be daves daughter she's good
Or his side dish/mistress.
He has more money than me and Im 67.........lol..
❁WhatsApp❁.
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
I'm a JBWelder
There are so many people struggling with stuff and we have to hear these stories smh
he should have gone to college first and take out 100k in loans for a useless degree
Save Lol
are these "experts" or its a TV show for foolish ppl?
YOLO it into random shitcoins.
❁WhatsApp❁.
PLUS*
*ONE*
*SIX*
*ZERO*
*EIGHT*
*THREE*
*ONE*
*NINE*
*THREE*
*NINE*
*THREE*
*ONE*..
He needs to find a single mother. He should help her with the bills and children just like any decent man.
Lol
Bad advice, This is kid is too good for a single mother.
Late responding on the comment but are you serious? I’m asking because you seem serious about what you are saying
This kid worked hard, saved his money, and is seeking solid advice that will make him prosperous in the long run and you tell him to get a single mother and help her with her children… yea WE NEED TRUMP BACK IN OFFICE TO MAKE AMERICA GREAT AGAIN
@@fredschair-heavytalk2683trump didn't make America great again when he was in office 😂
😎✌🖖👍👌😁
First
caller needs to learn to speak