The Number of Millionaires Just Jumped (Here’s Why)

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  • เผยแพร่เมื่อ 1 พ.ย. 2024

ความคิดเห็น • 142

  • @BossMan_Jerm
    @BossMan_Jerm 11 หลายเดือนก่อน +24

    Are you upset by Dave obliterating you on air? (I agree with YOUR video, not him.) that was insane

  • @maxwelltroy2375
    @maxwelltroy2375 11 หลายเดือนก่อน +8

    I started investing when I was 40 mostly through sweat equity. I just turned 45 and this last month was the first time that my passive income broke $100,000 for the month. This is solid advice! DO IT

    • @gilbertbrien2280
      @gilbertbrien2280 11 หลายเดือนก่อน

      Quite impressive but How? I know it's possible, my colleague at work got her first investment return of 46k after two weeks she quit the job,I would appreciate if you show me how to go about it

    • @maxwelltroy2375
      @maxwelltroy2375 11 หลายเดือนก่อน

      Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $489k in just the past two quarters. this experience has shed light on why experience traders are able to generate substantial return even in lesser -known market. It's safe to say that this bold decision has been one of the most impactful choices I have made recently.

    • @gilbertbrien2280
      @gilbertbrien2280 11 หลายเดือนก่อน

      I've been thinking of going that route, been holding on to a bunch of stocks that keeps thinking and I don't know if to keep holding or just dump them, think your Fin-coach could guide me with portfolio-restructuring

    • @AmandaKatherineLeff-j9f
      @AmandaKatherineLeff-j9f 11 หลายเดือนก่อน

      I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser.......?

    • @maxwelltroy2375
      @maxwelltroy2375 11 หลายเดือนก่อน

      Yes My mentor Camille Anne Hector has extensive training and knowledge in the financial industry. She is regarded as an authority in the field and has an in-depth understanding of portfolio diversification. I advise doing more study on his credentials. she is a great resource for anyone looking to understand the financial market because of her extensive experience.

  • @perfectlymprfct
    @perfectlymprfct 11 หลายเดือนก่อน +6

    Thank you George. The index 500 is still below the 2020ish high, but we never stopped DCA the max in TSP and Roth IRA, so we are thankful we paid off the house.

  • @robs8966
    @robs8966 11 หลายเดือนก่อน +11

    George, your content is fantastic, your honesty and directness is always appreciated, don’t let naysayers get you down because they don’t like that you did the math in how to ensure people had safe retirements through good and bad markets.

  • @JosiahK555
    @JosiahK555 11 หลายเดือนก่อน +21

    Don't listen to dave bully people telling them they can stupidly pull 8% and you'll ALWAYS make 12%. Remember folks, if you retire early like your 40s or lower, withdraw only 3-4%, maybe you pull 8% when you're 80 and you don't have a choice, it would be stupid to do that at 40, or even 65. if you are 65 or younger and you'd have to pull 8% to make it, you don't have enough, keep working.
    yes dave is right that it could rob people of hope and leave them less motivated. but i'm also not going to lie to them. you'll probably make 7-8% on AVERAGE. some times you'll have multiple down years in a row, you absolutely should not pull out if you can, this is why you should have a minimum 1 year in cash if you retire. in a down market don't sell, only take the dividends as income if you need them. Dave says you'll make 12%, some people will, but not everyone can, it's mathematically impossible. i'll assume 7% gains, with 3% withdrawal and 4% reinvest for inflation. if i get more it's icing on the cake.

    • @zachjones2346
      @zachjones2346 4 หลายเดือนก่อน

      My returns for the last 8 years have all been over 10%. What dog poo are you investing in?

    • @JosiahK555
      @JosiahK555 4 หลายเดือนก่อน

      @@zachjones2346 look up sequence of returns. Some years you'll might get 20%other years -15... run monty carlo simulations. You'll find the more you pull the more likely you run out of money

  • @christinal1823
    @christinal1823 11 หลายเดือนก่อน +4

    I always look forward to your videos! Thank you, George.

  • @TripleIllini
    @TripleIllini 11 หลายเดือนก่อน +2

    this man's videos always got that steve buscemi 'how do you do fellow kids' vibe

  • @ron-je2yr
    @ron-je2yr 11 หลายเดือนก่อน +2

    Your video and info really help to keep things in perspective. I know the things you covered in this video, but since I'm getting close to retirement the market volatility has caused more concern. Been through these up and down markets before and things have worked out following your (Ramsey) principles. Thanks for all you do.

  • @angelapate328
    @angelapate328 11 หลายเดือนก่อน +5

    Pre ordered your book. Keep being you. You make learning about finances fun. 🎉

  • @mathematician1234
    @mathematician1234 11 หลายเดือนก่อน

    I was listening, not watching, and at 7:38 I thought he said "...don't let panic or beer call the shots." I had to rewind to hear that bit again.

  • @briankelly1240
    @briankelly1240 11 หลายเดือนก่อน +17

    3. Don't time of the market
    4. Buy the dip... Wait, isn't that timing the market??

    • @dylanbly3468
      @dylanbly3468 11 หลายเดือนก่อน

      That’s exactly what I was thinking

    • @funtechu
      @funtechu 11 หลายเดือนก่อน

      Yep, though it's more about addressing the two behavioral issues about down markets.
      1. Don't sell out when you think the market is going to go down.
      2. Continue to buy, or even increase buying when it is down in the short term.
      The key issue with people timing the market isn't investing large amounts at relative lows - it's people selling out when they think the floor is going to drop out from under the market.

    • @funtechu
      @funtechu 11 หลายเดือนก่อน

      The first one addresses fear, and the second one addresses greed.

    • @idiocracyishere4531
      @idiocracyishere4531 11 หลายเดือนก่อน

      Child’s play videos for teens.

  • @Christian_Villanueva
    @Christian_Villanueva 11 หลายเดือนก่อน +10

    Can you do a video on safe withdrawal rates and compare 8% VS a more conservative one and see which one in different 30 year periods was better for a retiree

    • @JosiahK555
      @JosiahK555 11 หลายเดือนก่อน

      haha, ya you'll have to go off the Dave plantation for that! we all know there's a reason for the general consensus of the 4% rule. it's just sad that dave has entrenched himself with this 8% nonsense and wont hardly acknowledge the higher risk it has. my guess is long term, after 30+ years the person withdrawing 3% will be pulling more money out than the person withdrawing 8. which is why a more conservative withdrawal rate is more important the younger you are.
      EDIT: after very rough calculation assuming daves 12% growth comparing a 8% to 4% withdraw, the 4% withdraw will be a larger dollar amount after 20 years.

    • @chrisforker7487
      @chrisforker7487 11 หลายเดือนก่อน

      He already did, Douchey Dave took it down. Dave’s a financial parasite, pushing 8%!

  • @michaelgriffin7889
    @michaelgriffin7889 11 หลายเดือนก่อน +2

    Please do a video on the 8% withdrawal rate and it’s chances for success over a 30 year window.

  • @ronaldcampbell17
    @ronaldcampbell17 11 หลายเดือนก่อน +1

    Keep spreading it. Great video.

  • @sirgentguy
    @sirgentguy 11 หลายเดือนก่อน +22

    I’ve had majority of my holdings in tech stocks and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?

    • @Castro-worldbravest
      @Castro-worldbravest 11 หลายเดือนก่อน +1

      it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks

    • @chadgriffith1969
      @chadgriffith1969 11 หลายเดือนก่อน +1

      NVDA has been that company in 2023 but they grew so fast, their Market Cap has already surpassed $1T

    • @M.Morgan
      @M.Morgan 11 หลายเดือนก่อน +1

      Personally, I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit the time to analyze stocks myself. Thankfully, my portfolio which was stagnant for a while has yielded about 5x in five years, summing up nearly $1m as of today.

    • @brooms4142
      @brooms4142 11 หลายเดือนก่อน +1

      @@M.Morgan this is striking! given the success you have seen, wondered if I could reach out to your advisr please? keen on effortlessly building wealth through the stock market, but quite inexperienced

    • @M.Morgan
      @M.Morgan 11 หลายเดือนก่อน +1

      I take guidance from a Montana-based wealth advisor ''Katherine Nance Dietz'' her service is exemplary and luckily, her profile is noticeable on the internet. There are lots of financial planners out there, you should however do your due diligence.

  • @SuperAdRiCh7
    @SuperAdRiCh7 11 หลายเดือนก่อน +9

    Appreciate your advice and knowledge in today's world George. Always stay true to yourself and keep bringing great content to your channel!!!

  • @bezoar21
    @bezoar21 11 หลายเดือนก่อน +2

    Thanks for this video!

  • @mattcollins4550
    @mattcollins4550 11 หลายเดือนก่อน +1

    Excellent video for the most part.
    A few things....
    - the Weimar Republic and Zimbabwe had a lot of millionaires too. The printing if money has made each dollar worth less so to compensate companies have to raise prices. This means stock increases. Stocks are the best hedge against inflation.
    - Also the Lost Decade was a real thing. If you're not globally diversified then you run the risk if not making as much money on your investments.
    - End the Fed!

  • @joshuataylor917
    @joshuataylor917 11 หลายเดือนก่อน +2

    Great job! This channel is a refreshingly modern and upbeat take on what the Ramsey program has always offered. I hope it attracts more Gen-Zers like myself to a life of financial peace and stability. The Uggust joke had me rolling!

  • @leytonfortnite4724
    @leytonfortnite4724 11 หลายเดือนก่อน +1

    Wow George! This really puts things in perspective and why it's so important to stay invested well. I love numbers thanks for breaking it down. Back in 2008 when I stayed in the market my aunt cashed out her stocks and put it all in gold 😮. She got punished.

  • @masterofnone2705
    @masterofnone2705 11 หลายเดือนก่อน +1

    #4 buying the dep means when things look scary. Up your contributions. In mid-2020, I upped my contributions from 6% to 15% and started Roth. When market bounces back, I can go back to 6% so I can continue getting the max company match or just keep going. My choice.
    #3 Don’t time the market means start investing ASAP and don’t stop. Just keep going.

  • @Dianemc79
    @Dianemc79 11 หลายเดือนก่อน +1

    Do you write this stuff or do you have writers? I’m cracking up!

  • @travissmithoh
    @travissmithoh 11 หลายเดือนก่อน +4

    I do hoard cables. It is a problem.

  • @derek3735
    @derek3735 11 หลายเดือนก่อน +4

    Ok George that one caught me off guard 🤣at 1:06

  • @michaeldew7904
    @michaeldew7904 11 หลายเดือนก่อน +1

    I joined the numbers this year. I feel the same as before.

  • @dandaab2887
    @dandaab2887 11 หลายเดือนก่อน +10

    Rebound? What index are you watching? The Dow is still 2000 points below where it was 2 years ago. I'm still waiting on my 401K to be where it was back then.

    • @Jericho9696
      @Jericho9696 11 หลายเดือนก่อน +5

      You invest in DOW? That’s where you’re wrong

    • @asoggyburger479
      @asoggyburger479 11 หลายเดือนก่อน +1

      DOW has risen 1500 in the past 3 weeks, rebound was a relative term. However, your 401k should be back where it was 2 years ago considering there’s only about a 5% gap. Unless you’re only contributing a few % then it makes sense.

    • @SbzeroGames
      @SbzeroGames 11 หลายเดือนก่อน +2

      @@asoggyburger479 And with consumer spending down 0.8 percent this last month, it is going to go down even further. The economy is not well, not well at all.

    • @dandaab2887
      @dandaab2887 11 หลายเดือนก่อน

      @@asoggyburger479 25% including company match. It's getting close, but not there yet. Even if it were back, that's still two years of lost time, to just be equal to where I was.

    • @dandaab2887
      @dandaab2887 11 หลายเดือนก่อน

      @@Jericho9696 Dow is just an indicator, but ok. Thanks for your inciteful input.👌

  • @JenniferDaniel638
    @JenniferDaniel638 11 หลายเดือนก่อน +27

    I will be forever grateful to you, you changed my whole 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 Margaret Bryant.

    • @GeorgeKovner294
      @GeorgeKovner294 11 หลายเดือนก่อน

      I invest with Margaret Bryant too, she charges a little commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.

    • @JeffreyBaldwin583
      @JeffreyBaldwin583 11 หลายเดือนก่อน

      This is not the first time i am hearing of Margaret Bryant and her exploits in the trading world but i have no idea how to reach her.

    • @petermichael166
      @petermichael166 11 หลายเดือนก่อน

      As a first time investor I started trading with her, with just a thousand bucks. my port folio is worth much more that now within just weeks of trading with her

    • @JenniferDaniel638
      @JenniferDaniel638 11 หลายเดือนก่อน

      She often interacts on her verified Telegrams, using the user name written below

    • @JenniferDaniel638
      @JenniferDaniel638 11 หลายเดือนก่อน

      @ BRYANT4 💯 ..that's it

  • @dkstudioart
    @dkstudioart 11 หลายเดือนก่อน +3

    I'm a little puzzled by this report. My IRA was worth slightly more than 1 mil at it's peak in early 2022, now it's worth 880k, earlier this year is was over 930k. I'm not concerned about this, the market is always going up and down but over the long haul it always goes up. The DOW is down over 2000 points from it's peak a couple years ago, but it is up almost 35% over the last 5 years.

  • @joeriveracomedy
    @joeriveracomedy 11 หลายเดือนก่อน +2

    My mutual funds were up like crazy last week. Still enjoying auxillary high interest rates too.

  • @JesseD34
    @JesseD34 11 หลายเดือนก่อน +10

    I can't help myself after seeing the cherry picked 12% return since 1983. I am not retiring in 1983 and neither is anyone else here. The S&P 500 Return for the past 23 years has averaged around 7% (since 2000) through 2023. Closer to 4.5% inflation-adjusted. What does that mean for you and your retirement? If you retired at 62 around the year 2000 and assumed a 12% return, you'd better hope you are 6 ft under, as you would run out of money in your early 80's after 15-20 years of draw-downs at Dave's 8% withdrawal rate suggestion. It is meaningless to cherry pick the past 40 years to make a point about being able to get 12% on average in order to try to prove Dave right, and I am sorry he made you do this and potentially take down the other video. It is terrifying to see that 8% withdrawal rate suggestion which failed to fund 30 year retirement in close to 60% of scenarios historically. I have not seen anything quite like it. Also, what retiree has 100% invested in the S&P. Your own people suggest a 25% international allocation and 25% "growth and income allocation", those returns are closer to 5-6% on average over the past 10-20 years, 3% inflation adjusted. Fixed income returns the past 15 years were around 2% and many retirees have half of their portfolio in it to reduce volatility. I will probably delete this comment/ rant but I am gobsmacked by Dave's childish response and ego preventing him from admitting he was wrong and your 4% target was more reasonable, 3% for FIRE/ early retirees. Maybe on the high end you can get away with a 5-6% withdrawal rate if you are willing to cut back later, but 7-8% is insanity.

    • @TioMogi
      @TioMogi 11 หลายเดือนก่อน +1

      Agreed 100%. It's wild how Dave basically takes a conservative "one size fits all" approach to debt but when it comes to retirement he is incredibly bullish. I think it's bc it gives people an (incorrect) belief that they can become a net worth millionaire much quicker than reality if they expect 10_12% annual returns as opposed to a more realistic 6-7%... I'm 30, started saving right at 22 when I started working a salary job after college and I just looked and my average rate of return has been 6.3% (target date fund).

    • @chrisforker7487
      @chrisforker7487 11 หลายเดือนก่อน

      Dave’s a pathetic little man, he’s never going to apologize to George! Douchey Dave thinks he’s smarter than everyone else and will never admit he’s flat out wrong! He’s pushing people to take extremely dangerous roads in retirement!

  • @winstonmiller4854
    @winstonmiller4854 11 หลายเดือนก่อน +1

    George, I suppose its all a question of your perspective. I've seen my investment balances largely flat to three years ago. By that, I mean the price of my index funds is largely the same as it was back in January of 2021. That's three years of zero returns. Brutal, but we all know the cause.

  • @TheAppleBias
    @TheAppleBias 11 หลายเดือนก่อน +1

    My name is Brian not Jeff and how else am I suppose I charge up my original 5Gb iPod on my 2010 Mac Mini without my FireWire 400 to 800 cable? Huh George how?

  • @markamark123
    @markamark123 11 หลายเดือนก่อน +2

    Thanks GK

  • @mrsoccergod5001
    @mrsoccergod5001 11 หลายเดือนก่อน

    Hey George, can you tell us your thoughts on these high dividend ETF's like TSLY which has paid out around 59% YTD.

  • @jonsmith9728
    @jonsmith9728 11 หลายเดือนก่อน

    hmmm, great question, x-mas tree or x-mas cactus?? lol...... jokes aside buying the dip or when the VIX is bullish is great

  • @alanyoung159
    @alanyoung159 11 หลายเดือนก่อน

    Tip 3 and 4 are contradictory. Instead, the tip should be to dollar cost average

  • @cripmo425
    @cripmo425 11 หลายเดือนก่อน +2

    George is actually pretty funny

  • @Waffle_Haus
    @Waffle_Haus 11 หลายเดือนก่อน

    I’ve emptied my 401k twice 😬 thankfully the alternative investments I chose have outperformed,and I still contribute to the 401k to get the match.

  • @danieljohnson4418
    @danieljohnson4418 11 หลายเดือนก่อน +1

    Poor George is never going to hear the end of it regarding 3% withdrawal rate. Dare I say that Dave and George should make a video about it? Unfortunately, we all know that George could not be honest about his views because they ostensibly don't align with Dave Ramsey's views.

  • @JoseBonilla-zb6hk
    @JoseBonilla-zb6hk 11 หลายเดือนก่อน +2

    whats up George

  • @willelliott5052
    @willelliott5052 11 หลายเดือนก่อน +4

    I agree, and I have kept right on investing. I just don't understand why the media does not report on the severity of this long bear market. So much was made about the 2008 crash, but it recovered in around 8 months. This bear market has lasted for two years, with no end in sight. The last two weeks were strong, but so were many other teases along the way, like early this past September. Even from where the market now stands, the major indices still have a very long ways to recover. And even when they recover numerically, those dollars will buy a lot less than before, due to rampant inflation. Then you have to consider all the forfeited earnings over that long period. This is a real gut punch to those who have invested responsibly. Unfortunately, our president is so economically illiterate that he failed to predict how his opposition to domestic oil, combined with the dictated pandemic shutdown, would tank the economy and the markets. The old adage that elections have consequences has never before resonated so loudly for me.

  • @kcalderon03
    @kcalderon03 11 หลายเดือนก่อน

    What’s your book about sir?

  • @VegasMilgauss
    @VegasMilgauss 11 หลายเดือนก่อน

    Do you stand by the Ramsey 8% withdrawal rate?

  • @yoantorres1099
    @yoantorres1099 11 หลายเดือนก่อน

    At 4:52 you mentioned that are new 328 new 401 k millionaires. How many people lives in this country??

    • @emoney1231
      @emoney1231 11 หลายเดือนก่อน

      330 million in the US. But 37 million have a 401k or IRA with Fidelity, and about 2% of those accounts are over a million dollars.

  • @TzarNicco
    @TzarNicco 11 หลายเดือนก่อน +1

    George why did Dave throw you under the bus my boy?

  • @JonOldAccount
    @JonOldAccount 11 หลายเดือนก่อน

    We should get a George Kamel and Ruslan crossover

  • @skylerparker8871
    @skylerparker8871 11 หลายเดือนก่อน

    Honestly, I'm judging the furry boots thing...

  • @tasiabade8107
    @tasiabade8107 11 หลายเดือนก่อน +2

    Uggest❤

  • @barryben-horowitz5023
    @barryben-horowitz5023 11 หลายเดือนก่อน +1

    The stock market is no more than a dressed up cassino.

  • @eg3961
    @eg3961 11 หลายเดือนก่อน +4

    dave gonna call u a moron for this video or nope? gr8 boss

  • @SteveG1337
    @SteveG1337 11 หลายเดือนก่อน +1

    Looks like you’ve been sleeping on the last month.
    Current market status videos like this should be released shortly after filming. This now is not appropriately timed.
    Hopefully the Ramsey team is receptive to this constructive criticism, and puts thought behind timing future video releases.

  • @valeriemoncada2990
    @valeriemoncada2990 11 หลายเดือนก่อน

    30% down 2022 and up 12% 2023 is still a huge loss lol.

  • @joshmcoaching
    @joshmcoaching 11 หลายเดือนก่อน

    Why are most of the top comments financial scams/spam?

  • @reese8752
    @reese8752 11 หลายเดือนก่อน

    George’s mom must rock :)

  • @nicodimus2222
    @nicodimus2222 11 หลายเดือนก่อน

    Short-term stock market dips = long-term OPPORTUNITY! You want to buy things low and sell them high, right? A dip is a buyer's paradise.

  • @christinab9133
    @christinab9133 11 หลายเดือนก่อน +2

    ❤❤❤

  • @LithiumLilly
    @LithiumLilly 11 หลายเดือนก่อน

    It seems this mic placement is a thing across all videos done by Ramsey personalities 🤔🤔🤔

    • @LithiumLilly
      @LithiumLilly 11 หลายเดือนก่อน

      I can guess where the mic is on this one though 😜

  • @BradSullivan-vw5ii
    @BradSullivan-vw5ii 11 หลายเดือนก่อน +4

    *The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)*

    • @JanetChavez-id3pq
      @JanetChavez-id3pq 11 หลายเดือนก่อน

      Individuals are still holding crypto coin and stocks? I didn’t know that , I guess a few know about integrating into the micro economy to help substitute FIAT or usdt for a more tangible exchange Experience, it more like capitalization with about 43.307% profits/ ROI weekly though.. ps.. Eleanor Nelson Barnes ,got me covered thanks

    • @moussamagagi1544
      @moussamagagi1544 11 หลายเดือนก่อน

      So much pains in my heart due to so many debts. How can I go about it ! I would really appreciate if you show me how to go about it. Please what crypto should I buy, how can I do it ?

    • @RyanBrown-fq5gz
      @RyanBrown-fq5gz 11 หลายเดือนก่อน

      As a newbie you’ll need to invest in a company that is working towards sustainability, like that of expert Eleanor Nelson, and her abilities in handling investments are top notch

    • @GunterJung-do8md
      @GunterJung-do8md 11 หลายเดือนก่อน

      After I got upto 900k trading with Mrs Eleanor Nelson, I bought a new House and I'm now able to send my kids to a better school in the states When someone is straight forward with what he or she is doing people will always speak up for them.

    • @GeorgBilogrevic
      @GeorgBilogrevic 11 หลายเดือนก่อน

      How can I get in touch with her, I’m in need of her assistance

  • @amireallythatgrumpy6508
    @amireallythatgrumpy6508 11 หลายเดือนก่อน

    #4. Not George too. You don't buy the dip, you buy *AT* the dip. English, people!

  • @conorstanage8434
    @conorstanage8434 11 หลายเดือนก่อน

    WAIT...!
    If anyone - anywhere - is selling a Christmas Cactus, hit me up 😊

  • @JonnyMReck
    @JonnyMReck 11 หลายเดือนก่อน +2

    You should dump Dave R. - he's King Boomer. He wants people to stay low-middle class and gives super canned and mainstream advice.

  • @anotherdedchannel
    @anotherdedchannel 11 หลายเดือนก่อน +1

    I feel like George and I wouldn't even be friends irl, but damn hes a funny guy.

  • @Defy_Convention
    @Defy_Convention 11 หลายเดือนก่อน

    Just dump your life savings in the market, stonks only go up

  • @jackwang660
    @jackwang660 11 หลายเดือนก่อน

    Barely made up the lost last year

  • @NWcpl
    @NWcpl 11 หลายเดือนก่อน

    Dave will never show his portfolio to us nor how he says he gets 12%+ every year in index funds. Want us to believe you Dave? Proof is in the pudding. All other YT and finance folks are very open what they invest in and their actual returns, But not Dave. what is he hiding. Truth or just boasting how rich he really is! or isn't! 8% withdrawal rate is insane and wrong. GK is 100% right with 3% or 4%.

  • @tcgtpl
    @tcgtpl 11 หลายเดือนก่อน +41

    Careful, George. This video is actually showing how the Ramsey Solutions Team is in the wrong about paying off a mortgage early vs investing more.

    • @GeorgeKamel
      @GeorgeKamel  11 หลายเดือนก่อน +100

      Nah. Nice try. We recommend investing 15% WHILE paying off the mortgage. It’s not an either or.

    • @David-Hurst1
      @David-Hurst1 11 หลายเดือนก่อน +27

      Dave’s going to yell at him for doing proper math lol

    • @Ojisan642
      @Ojisan642 11 หลายเดือนก่อน +16

      @@GeorgeKamelpeople always say this stuff to you guys, but I’m reminded of how Dave has addressed this question, which is “would you take out a mortgage to put that money into the stock market?” That puts the focus properly on risk. None of these critics factor risk into their calculation. Not just the stock market risk, but the risk that other factors cause you to become delinquent on the mortgage. Like Covid did for many people.

    • @mariewallace462
      @mariewallace462 11 หลายเดือนก่อน +5

      Once again, well done George.

    • @deniseellis5918
      @deniseellis5918 11 หลายเดือนก่อน +8

      Dave also says 100% of foreclosures are on homes with a mortgage. Just saying!

  • @Omikoshi78
    @Omikoshi78 10 หลายเดือนก่อน

    If you sell your car and focus too much on debt and not investing, you won’t become a millionaire. George will get you out of debt fast but it comes at a cost of poverty during retirement.