Where Should I Park My Savings For A House?
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- Where Should I Park My Savings For A House?
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When I bought my first home in Miami in the early 1990s, mortgage interest rates were typically between 8% and 10%. It's unlikely that we'll see rates as low as 3% again anytime soon. As a result, sellers may need to lower their asking prices to attract buyers, which could lead to lower property valuations
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Do you mind if I ask you to recommend this particular coach you using their service?
“Rebecca Noblett Roberts’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a meeting.
I’m 34, have $200,000 in savings, and want to invest for safe growth over the next 5 years to buy a home. What should I invest in?
In today’s volatile market, diversify your assets with safe investments like HYSA, REITs, index funds, growth ETFs, and bonds. However, Before making any investment decisions, consider consulting with a financial advisor to tailor a plan to your specific needs and risk tolerance.
Financial advisors can be expensive, but they’re crucial for success in the financial market, especially if you’re on a deadline. I was laid off during the 2022 tech cuts, but I used my savings to invest in the stock market with the help of a financial advisor. After doing some research, I managed to grow my portfolio to over a million dollars in just two years, thanks to my high risk tolerance.
I’m glad I found this conversation. My risk tolerance is high, and I want to take advantage of the upcoming market run. Can you direct me to your advisor?
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I recently sold an apartment in Springfield and now have about $250K in cash. I was advised to invest in stocks. I'm new to investing, as I've always preferred to play it safe with cash, but I'm now ready to take a little risk. What are the best strategies for long-term investments for retirement?
While the stock market is promising and can give good ROI, expert guidance is essential for effective portfolio management so you don't get burnt out in the market as it is very volatile.
My dear husband passed away in 2021, and I have around $400K from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Pls how can i meet this advis0r? i want someone to help me invest my divorce settlement, It's just being laying around in the bank without appreciating much
I work with *Jennifer Leigh Hickman* , a licensed advisor. Simply search the name to find the necessary details to schedule an appointment. She's really good-
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment. She's really good.
One year later and money market accounts now pay over 4.5% compared to the 0.5% in the time of this video.
No 5+% a month after your comment.
@@willywonka2164 Yeah, I'm now earning over 5% at VioBank
I'm getting 5%
I’m getting close to 5% with ally high yield savings. Crazy
5.3%
One of the rarest occasions when Dave does not need to ask: "How much money do you make?" LOL God bless this family!
You don't need to make massive lump sum overpayment to clear off your mortgage debt. Make regular monthly overpayments over 12 month to the same amount. At the end of the year you will still have over paid the same but doing it each month you'll have liquid cash in case of an emergency.
High yield savings accounts or Treasury Bills are both paying over 5% so I’d go that route for sure.
Interest rates have increased like 4 percentage points since this video came out - seems like a no brainer to put it in a CD, high-yield savings, money market
High yield savings are often limited to 1500 usd
@@dungeonmaster6292never seen a limit of 1500 on a HYSA. Many encourage you to put more because it’s better for them. There are jumbo CDs paying 5% right now with a $100K minimum
@@dungeonmaster6292 huh??? what shoddy HYSA are you looking at??? I've yet to see A HYSA with a money cap,
@@whothou you can put more in but it only yields to the capped amount. That's what my credit union offers
15 month CD's are paying over 5%. I'd just park my funds in those for 1-2 years for a guaranteed return with no risk of losing value.
If housing prices keep going up like they are the American Dream of owning a home will be a thing of the past for first time home buyers and most Gen Zers.
A few months ago one of my tenants was in this same scenario - had a good down payment saved, but with higher interest rates and whatever other reasons decided they wanted to wait at least a year before buying a house. Rather than park the money, he negotiated with me to pre-pay the rent for a year at a reduced (5.7%) rent for the lump sum. Now he saved a few hundred dollars per month on rent, doesn't have to pay rent until next April, doesn't have to pay taxes on what otherwise would have been invested, and he can continue to build his nest egg. Benefits to me that made it worthwhile was the piece of mind I had all the money up front, great security and a stable tenant. So others in this situation may want to talk to their landlord for a similar deal. Word of caution would be to make sure your landlord is very legitimate and doesn't have a mortgage and make sure they have adequate reserves for repairs, and the property taxes are being paid.
That’s amazing!! Brilliant way to save money and is a win win for both parties!
Wow! Your tenant is brilliant. That's tax free 6.1%. Did he have rental contract redone ?
That’s called making a deal
Good deal for both
I'm in a similar situation where I don't have a home/rent payment. I take the money I would pay for rent by myself, and put it in an moderate roboinvestment account. The goal is then that in 5+ years, I would have enough saved up to just buy a house with cash, or pay a significant portion of a house.
What do you use for your robo investment account? And what kind of breakdown is it between stocks, bonds, etc.
Think seriously about moving, not moving. 1) do you need to? 2) how old are your kids? 3) are they going to college? 4) how old are you? 4) where do you want to live when you are in your 50s, 60s? 5) do you want your adult kids living with you, not starting their own lives, not marrying, bumming around your fancy new house, watching dr phil, playing computer games, not working, acting like teens, going on dr phil?
Re-think moving up in house size and price. Many two story houses are overwhelming for people in their late 60s and 70s, etc. Look at your area. I know people who stayed in houses for decades. I kind of wish we had.
I promise you - there is a real argument FOR REMAINING IN THE HOUSE.
4 years he's a millionaire?😳 This gives me hope.
If he became a millionaire in 4 years and he started at zero that means he invested over 20,000 per month. Wow!
He probably had other assets before. He just decided he should go fully debt free 4 years ago
This call was at the peak of real estate prices after a massive boom. So he could have bought a $500,000 house a few years earlier, and now it’s worth a million, as well as a huge bull run of the S&P500 where his investments could have doubled. Still a huge accomplishment and he had to do tons of saving to accomplish this feat. But don’t think he saved up 1 million cash
current interest rates + creditworthiness: seems like T-Bills are a good place to park some of the money right now vs money market fund
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
I can feel your pains. New guys need to realize the risks that come with all of this. You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
@@devereauxjnr Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
@@user-3456rtu That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the Adviser you're using.
@@322dawgg My advisor is the quite famous NICOLE DESIREE SIMON She has been making a fortune online worth millions of dollars in digital assets for a select few for years. Lately, these types of services have appeared that allow you to copy the results of the experts. She demonstrates how to copy it automatically using that system.
@@user-3456rtu Thanks for the info, i found her website and sent a message hopefully she replies soon.
I think that in their case it’s not a bad idea to invest into safer growth index/mutual funds and stash some into a money market account because the odds are you won’t lose a lot of money and if you divide that money into a percentage of both your risk is really low
Park it in VTI.
VTI dropped significantly right after this call, perfect example of why you don’t put short term savings into equities
House hack and buy your first rental property, add value to the properties you buy and keep buying in markets that appreciate.
This dude was just here to flex.
I took this approach and down 35% in 1 yr. My house money 😭😭😭😭
What happened? Because of the current 2023 downturn. It will probably go back up at some point.
@@DeBee-dc9ceiquidity left the market. This market runs on the release of fiat currency. The more currency put out in M2 money supply, the higher the prices of assets go. The more that money chases debt, the lower asset prices. Learn about central banking and you won't lose 35% of your net worth
Even if he stops retirement, in 25 years, in will grow to 8 million.
Good point, Jimmy McGill!
Seriosly, who needs that much when they are 60? They want a nicer house now. Cease retirement.
What about a HYSA to save for a house if you’re already maxing out a 401k and Roth IRA and $500/ month into a brokerage?
Do you really need a new house or do you just want one. Location for me is more valuable.
You can borrow from your account. A loan at a low rate, and pay the plan back. I was a retirement plan administrator before I retired.
I would just contine 15-20% towards investing and the rest in a high yield money market account.
Put it in I bonds.
Government bonds are paying 4.5% right now. That's where I have parked my house money since we plan on buying in one year
Voyager Digital: 9% to store in USDC Coin. Yes, 9%.
Thanks Dave for this one. I have £24500 left to pay on my mortgage, I have £17000 in my savings account. Some of that is my emergency fund. Should I go ahead and pay down the mortgage with that money or keep it for a rainy day fund? I do want to see my mortgage shrink that I’m not sure I can think straight anymore. Thanks.
Keep 1000 pounds plus 3 to 6 months in expenses worth in the savings account and put the remainder into the mortgage
@@redfox435cat so glad to hear you are ok and got through it. Yes I think you are right. Pay down but be careful too. All the best.
@@rbrucerye Thank you for your reply. Most agree with you, keep the expenses for life’s little problems, throw the rest at the mortgage. Cheers.
I was just in this exact situation this year around March. Look carefully at what you actually need for expenses in your emergency fund (only real expenses). Be ruthless on this point. If you have any funds to spare after your review, put that towards the mortgage. But DO NOT touch the remainder of the emergency fund. With so little left on the mortgage it is tempting to just be free of it, but be patient. You're in this position for a reason. You've been disciplined and made good decisions. Keep on track and you will have peace as you continue to payoff the house. If you empty out your emergency fund, you will cause yourself needless worried days/nights. Better to have patience and peace.
@@welm98 hey thanks, what a great answer. I really appreciate your time and comments. I will undertake a strict review this evening. My job is settled as can be so maybe just a little patient as you say and I’ll be done. I just can’t wait. And the best part, I’ll be £600 a month better off. Probs invest the lot each month. Cheers.
Another option would be to wait another year or two if it lost money in year 3
You are losing money if you don’t put it in the market. Inflation was 6% this year. So effectively you lost 5.5% in purchasing power if you put that in a high yield savings account with a .5% rate.
That's looking in the mirror. Starting TODAY: The caller is wanting to save like crazy over a short term of a couple of years to save enough for a larger house. His bigger question was if he should stop contributing 15% towards the retirement during this short time frame.
I would be more worried about what Vader will do to you if you don’t catch the rebels
What if he put it all in 2 weeks ago, hed be way down today. Its short term to buy a house, not needed to retire. Listen to the video
@@JustinCase780 inflation is going to continue to be high any person with half a brain could figure that out. The fed is still printing billions of dollars a day. Cash is trash 🗑
Just putting in the market doesn't automatically means you will gain on it. Look what's been happening to the market the last 3 days because of the new covid variant
Inflation is running over 10% right now lol
My thought exactly
What about T-Bills?
High yield is paying 4% right now…
Now that HYSAs are getting 4+%, would you use that to save for a house? Or still mutual funds?
This is what I would suggest. HYSA at 4+% is close to the 20 year average return on mutual funds without the risk.
I really like that guy that's next to Ramsey. Seems genuine and sincere.
High yield savings account are paying 5% interest
Watching this video even though I have a house and am not saving for another 🤣
Planning on moving to another state in a few years. Should I continue to pay extra on my mortgage I have now. Or start to save more for the house we will be buying later?
Where are the callers who are still struggling and only have $30000 saved?
Half a percent? You can get 4% at sofi
The calculus gets more complicated with today's inflation. It's one thing to park $$ in savings when inflation is 2%, it's entirely a different thing when it is 6+%.
BBB is dead, inflation will ease. If the stock market tanks, housing will go with it. I’d probably hedge bets and put half in a money market and the other in conservative stock mutual funds. The housing market isn’t doing as well as people think it is. Population growth is stalling.
I bonds pay 7.12%
@@robloxvids2233 I buy I Bonds as well.
Hello Ramsey great fan i started my Money Make over in November this year my question is I know crypto is a crazy area to invest in but what do you think about stable coins, there are a lot of them giving crazy % on interest should i put my Emergency Fund in one of does like USDC stable coin that gives 8% interest and also i can withdraw it whenever i have an emergency?
Bad advice: don't "play" the market ever-especially for 1-3 years. If your'e marginal tax bracket is 22% or higher..you might.consider something like 70% in VTMFX the balance in a MM fund. Expect MM Funds to go down in 2024-26. You don't need an advisor-you can do this and save the fees. "Money Doesn't Grow on Fees."
Gold is not a win all lose all, I know he doesn’t like gold but it’s strange he would lump it in with Bitcoin and roulette.
It is better to get your mortgage sooner, and froze in time that debt. You are better off getting the property right away if you can afford it, then just waiting 3-5 years and saving. If they don't, money is going to play against them. Inflation will play against them. If you have a 20+% down payment and your house is in order, you should not even bother and just move right away.
Why isn’t the suggestion to put some into a CD or Money Market?
Wouldn’t that be a better way to make sure it’s safe, but still grow?
Can someone explain?
These accounts don't tend to beat inflation, the stock market usually does over a 5 year period
But yes it’s a great idea and makes your money accessible
At the very end Dave said to put the money in a money market account.
Awesome video!!!!
Probably better to put it in the market, and then in 2 years if it's down, wait another year for it to recover.
And if it’s down the following year then what? Money has no business being in the market that short term If you can’t afford to lose any
@@ClaxtonBay123 Wait another year, 2 years is most often enough for the market to recover. But you're right, if you absolutely must have the money 2 years from now, the market is not a safe way to do it.
Caller: I just paid off my house!
Dave: Whats your household income
Caller: I just paid off my house.
Dave: Sell the house.
Thx David
What about something like a contract savings account?
Oh how times have changed when it comes to high yield savings. Accounts with ally, PayPal, capital one, and wealthfront for example are 4-5% annual return right now. Literally zero risk, pretty incredible stuff. Sure these will go up and down with inflation, but if we’re gonna be stuck in the world of $4 a gallon gas and $12 eggs, you may as well get a couple extra percent on your liquid savings.
What’s the max I should put in one HYSA before I open a second HYSA?
@@hammypie as far as I'm aware, the only reason you'd want/need a second one is if you're going to exceed the insured limit of the account or if one account doesn't meet your needs from withdrawal limits or something of that nature. The rules of diversity dont really apply to HYSA as they do for an investment portfolio. As the Ramsey peeps say, its just a fancy parking spot for you money, mostly to just help it grow with inflation so that its not worth *less* than before.
Do the baby steps also work for those of us who are still renting and havent bought our own home yet?
Yeah on 4 years... means they had a massive start from jump.
I'm becoming increasingly skeptical of this idea that you should save up enough money to pay in cash. I started saving after grad school 4 years ago. I've hit 400k in savings. Four years ago, that would have been enough to pay cash. But the inflation in home prices is so bad, they go up faster than I can save. Now I need 800k. If I wait another four years, I'm going to need 1.6 million if things keep going like this. It would have been much wiser to ignore Dave and take a loan out 4 years ago.
You’re buying a house entirely in cash?
@@SenorJoeBiden Isn't NO DEBT the Dave Ramsey way?
You’re correct. Dave’s opinion that you should buy a house in cash is completely out of touch. People will never be able to save more than the appreciation rate of the house. That method may have worked a long time ago, but it is nearly impossible to do so today.
Dave actually advocates saving 20% down payment then taking a 15 year fixed and paying it off early. The main thing is that the total monthly payment (mortgage+ taxes+ fees) does not exceed 25% of your income, so it may require a bigger down payment. But yeah, taking a loan for a home is about the only debt Dave won't yell at you for
You're a fool Ramsey is not for you 😊
Why not save it in the retirement account and when time comes to buy the house, withdraw your contributions? Are contributions not penalized
If it is a Roth account.
You can only put $7k per year in a Roth IRA, or $23,500 in a Roth 401k. That might not be enough for what they are trying to do, and they might make too much money to be eligible to contribute to a Roth IRA. And with Roth accounts, they can only take out their contribution, so they can't access the growth. So if they just use a high yield savings account or invest through a regular brokerage account, there are not so many strings attached to contributing and withdrawing.
Imagine he put it all in NVIDIA 💰
Treasury Series I Savings Bonds!
Rate cuts commenced in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
This is all new to me, where do I find a fiduciary, can you recommend any?
‘Grace Adams Cook’ , is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Again, typically bad advice here. The caller said he paid off his house. With his $1.2M net worth and $750k in retirement, he has $450k in equity in the house. When he sells the house, he can use the proceeds to purchase the next house. If he puts $350k down on the purchase of a house on sale of existing house, he can purchase up to a $1.75M house and put down at least the required 20%.
Sometimes you gotta think that most people live their lives to buy a bigger box to live in.....
whats a money market?????
I think in his position I’d take a mortgage for the $150k on open terms, with the aim of paying it off within a few years.
I’m currently just letting my money accumulate in my checking account in order to save for buying a home (save 15% for Roth ). Is this ok?
Gotta favor T-Bills in this environment. Not only 5%+ return and can just do 4-week/8-week/13-week/17-week ladders, but unlike CDs that charge state and local taxes -PLUS federal, T-Bill yields are exempt from state and local taxes. It's really easy to setup at TreasuryDirect and there are tons of TH-cam channels out there which show you how to do it step-by-step (e.g. Diamond Nestegg)
Just put it in a high yield savings. I have my cash in Kabbage (which is owned by Amex), and currently they give 1.10%. Which is higher than anywhere I've seen recently.
1.10% sounds fake ima do some research on that
Real but it's just for businesses. I didn't see anything about savings
I'm getting 2% APY on my savings account.
@@Ratkill9000 where?
It’s like 4-5 percent now 😅
High yield savings
Did they say a high-yield savings account will be a half of a percent?
All money in an investment fund. With inflation he is gonna get chewed up. Get some bitcoin and metals ASAP...
If I were him I would slide at least some portion of that into anchor protocol. NFA ofc but Terra and it’s ecosystem are going to change the lives of many when they realize its potential. Hopefully down the line I can look back at this comment and see how early this point of time was 🙌🏿
Ooof 😢
Haha
Terra definitely changed some lives haha
This aged beautifully lol
I’m going to say that the caller doesn’t now have $750 k in his retirement …..on 9/29/22. But if hypothetically he pat=rked his money in the safe parking space “ where should “ he have parked it, now in “. RETROSPECT’” …comments ?
JEPI or JEPQ
Blockfi pays 9% interest on crypto stablecoins....
Tesla. You really want your dollars losing purchasing power. Inflation is like 10%
In crypto USDC earning 9% interest.
This is the truth.
@@jackjackson7170 I know that user name lol you're probably using Voyager too huh?
@@user-jy7yw5kw3w I think you're mistaken lol. I don't know what Voyager is. I just know that USDC offers a better return than any bank account. Dave won't agree and that is fine. He has his own methods. I think he is a bit outdated when it comes to crypto.
With inflation at 10% Lol
@@sami-9233 real inflation has been at 10% plus for years depending on where you're at especially the northeast and west coast. At least this savings rate is better than what you'll find at a bank.
Finally some decent advice. I hate it when financial gurus give you terrible advice.
One of the worst ones is: keep 3 or 6 months of salary as completely liquid. This is terrible advice imo. The more you earn, the less true it is. You need enough money for sudden expenses. +2-5k. I am trying to keep my liquid amount as small as possible, and just put the rest in index funds. I will always be able to meet my financial obligations, and therefore it just hurts to not maximize my money.
3-6 months of expensives
Does he know what 67% in the stock market??? wow if thats the case, no one will be poor
But a…I still have big debt lol 😆
You are not playing Bitcoin 😂
Over the span of 3 yrs BTC has always outperformed the market since its creation. Just sayin’
Lol
yeah nobody asked
Certificate? I love my CDs
Same. Got a couple this year with 4.88% APY
Gotta favor T-Bills in this environment. Not only 5%+ return and can just do 4-week/8-week/13-week/17-week ladders, but unlike CDs that charge state and local taxes -PLUS federal, T-Bill yields are exempt from state and local taxes
First, sell your car. Ok what's the situation again?
You are a grown man asking for the blessing of a man to live your life😂😂😂
Just open an investment account with some place like Edward Jones
Anywhere BUT Edward Jones or a "Smartvestor Pro" Better Fidelity, Vanguard or even Schwab.
@@matthewgardner2144 My Edward Jones advisor isn't affiliated with Ramsey at all. Neither is Charles Schwab
@@b.cdrisk2035 I know that. Edward Jones charges crazy high fees. Vanguard, Fidelity, and Schwab do not.
@@matthewgardner2144 Agreed. Avoid the fees. Edward Jones = high fees = subpar returns.
This young man will likely be crushed when the stock market has it's overdue correction. Rebalance and keep investing for the long term. Over the next 2-3 years, real estate may correct as well in some markets. Upgrade the house in a couple of years (yes), but using all cash and no leverage (no). Why? He's young and will build significant real estate equity before retirement anyway, which would allow him to pay all cash at retirement.
You should listen to the video bud
@@ThatGuyOnTH-cam2 Yes. Everyone should listen to the video. I disagree with putting more cash into a more expensive home, just to have no mortgage. Use the leverage on the new home to increase home equity. Then use all the equity to pay cash at retirement. Is this confusing?
This comment aged like wine. Market's down like 10% since! Lol.
This guys cooks breakfast for his wife’s boyfriend
Watching in august of 2023, and Robinhood offers 4.9 APY
Here's Dave again, steering sheeple to his sponsors and high-fee mutual funds... 🤮
What a STUPID call! 😡👎🏽 Where are the DETAILS on how they have $750,000 in Retirement Accounts at Age 36? What's their profession and salaries that they PAID OFF their House so quick? How much their wealth is inherited? Any kids? Why NO questions Dave/Kimel?
Who cares? The question is about where to put extra money for a house.
Good questions to ask.
Unnecessary to answer his question. Though it might have been nice if Dave would have added on a "millionaire interview" like he sometimes does.
Dave always acts like bitcoin is a casino.. it’s outperformed the sp500 for 11 years straight.. lol
“Shouldn’t be hard to save additionally for a house after your 15% for retirement”.
Let’s assume this guy makes 100k. That means he is putting 15k to retirement goals and presumably the rest is for ordinary expenses. If he wants a 20% down payment on a $300k house, he needs to ALSO save $60k in 2-3 years? That’s an additional $20-30k each year. I don’t know what reality Dave lives in but, saving that in addition to retirement is going to be near impossible for the average American. This guy needs to take a break from retirement savings to get into a house, if he is young enough that’s probably no big deal. But of course this wouldn’t fit the “baby steps” so Dave won’t give it credence on his radio show.
Give me a break.
This guy isn't an average American, He got out of debt and has a net worth of over a million.
BITCOIN
This young man should put his house fund into a safe investment like Tesla stock. He would be able to buy a house with a pool in a year!
This comment did not age well 😂😂😂
Buy Bitcoin if you want to make 100% on it.
LOL!
@@drewdobbins8178 😬
1/2% hysa what planet is dave on? High yield savings accounts are 4-5% w $1 minimum deposit. Fdic insured banks. Why not tell em to do that???
Dave shitting on gold like its a roulette wheel. Gold aint going to zero in our lifetime...
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.
@Ingridlourd02 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 commitment.
@Ingridlourd02 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@Ingridlourd02 You are welcome .
Imagine he put it all in NVIDIA 💰
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
Could you recommend your advisor? I'll be happy to use some help.
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
700k in retirement at 36. He could pause contributing for a few years and get the dream house in cash. It’s a balance of how much you need in retirement vs living your dreams in the near future. Dave can’t break away from his formula no matter what. The guy is going to have millions in retirement at 65 if he contributed nothing at 36… he would have over 2 million + with zero contributions at this point ..