Best question I asked my guy was "what do you invest your money in" he looked a little surprised, then pulled up his actual portfolio, showed me his investments, and why he was in each one. Now, he over explains things to me when he suggests a new investment or change, because he knows I want to understand why and he better have a good reason.
Dave Ramsey recently inspired me to go back go school in August and continue education to become a financial advisor and wealth management specialist so this is awesome. People deserve to be given honesty accompanied by integrity and I want to provide a service to better peoples' lives. Thanks Dave for the inspiration.
I think Dave's understanding of the Scripture about money management makes sense. Money can't love anyone, but the person owned it does, behavior and simply being stupid leads us to becoming broke.
How do you get paid for your services? ... What's your own investment philosophy? ... How will you invest my money? ... What are your credentials? ... Are you a fiduciary? ... What's included vs. what's extra? ... What's your succession plan? ... How will you consider my assets that you don't directly manage?
I just found these videos a couple of weeks ago and have gotten a lot of sound advice. But the one thing I'm realizing I need most in my life is the Dave Ramsey hang-up button. "You're done talking... CLICK!"
Yeaterday, I finally finished my 5th interview with an investor I found through provestor. Now to make a choice with my small amount of money. I want to be wise with what I have and I am definitely taking a chance and learning a lot this past week!
If they are not fiduciary they are running off commission or it's part of there incentive. Dave's guys are working off the same. Avoid financial advisors invest in index funds sell when the lead indicators from lei institute show a weakening gdp, rising unemployment, and lower housing numbers buy on the dip sell on the way back up rinse wash repeat.
I will admit that I did not listen to this entire clip, but during the first couple minutes, I couldn't disagree more. If I hire a builder to build my house, I can make sure the house looks like what the blueprint shows, but I don't know all the building codes. That is where you must trust the builder. Fortunately, in building a house, you have a building inspector to make sure those codes are followed. With financial planning, you don't have that.
Approved for SBA EL and I want to deal with credit card company that I have two cards a $4,000 each. I’m going to offer them 45% of balance for both cards and get the reported to my credit as paid as agreed.
I looked into one of the advisors on the website and had a nice chat. Then I learned his fee would be 1% a year on my investments. That's a lot of money.
I disagree about religious values needing to be the same. It's easier, I suppose, to find a fellow Christian, but I am not, and I take advice from Dave Ramsey. I'm not a Christian and I'm not a conservative Republican. It's not really relevant to good financial advice, IMO.
Their vetting is only based on how much Advisors are willing to pay monthly to get on their list. Can be up to $1000 a month. That's how Ramsey makes all his money.
My “ELP” that will be doing our taxes also provides investment services. He’s not listed as a smartvestor pro though. Is that a red flag if I wanted to also use him for investment services?
This isn't informative at all. It's just a rant. If you know more than your advisor then you shouldn't need to hire one. It's as simple as that. The while point of hiring someone is they know more than you do.
What does a person that doesn't agree that you should pay off your house and that same person doing your taxes related?? The two are totally unrelated It makes no sense
Hi Dave, great advise. Question...I'm trying to help my three sons set up their retirement accounts. My credit union charges 5.75% off the top on every deposit transaction into their Roth IRA. What is a proper fee for that?
I went to the SmartVestor Pro site, put in my info and click next and it advanced to Step 2. I clicked I understand and nothing happens. So it appears the site collected personal info but did not provided any SmartVestors. Not the best experience.
If him being Christian and you not being one happens to create enough of a conflict in how you view money, then yes, you should not listen to him. If him being a Christan just means to you that you ignore whenever he mentions the Bible but you find the rest of his advice good, then it likely isn't a problem. It's a question of what's important to you.
Hi how do you like it so far? I have been thinking about it.. Dave Ramsey inspired me to look into it, I am looking online for schooling or maybe going to college for it. What was your options for you ? If you got a certificate online, would you mind sharing the website? Thanks in advance.
New financial planner I spoke with said I should not pay off my mortgage because it is at 2.75% and instead put into stocks. He also does not agree with the way Dave Ramsey invests because he cant make any money off of my money. I kicked him to the curb real quick!
As it turns out I have met more crooks to talk a good talk at the ole Baptist Church than in bars!!! Fancy talkers can make you believe that they believe fit perfectly with all the exact same beliefs!!! So, AGAIN what expert questions must be answered to quality choose a financial "advisor?"
He actually does give a list of questions. The 2-page is entitled "Interview Questions to Ask Your Financial Advisor" and "Financial Advisor Evaluation Score".
Gotta love the plugs for his daughter’s channel at the ends of videos. Riding her dads coat-tails smh. Not saying she doesn’t have good advice but let’s be honest, she’d be a nobody if her dad wasn’t Dave Ramsey. No disrespect, just saying it like it is
Not taking advice from someone who doesn’t share the same religious beliefs as you is pretty narrow minded. I don’t a high power need your money to protect ya from “evil”. Once again to each their own if you wanna believe that.
@@travis1240 I worked with a financial advisor who is a fiduciary. They destroyed me financially. Had I kept my money in low cost index funds, I'd be worth 1.2M. Instead, Im facing a retirement of poverty.
Dave Ramsey has a simple math problem. He doesn’t understand that if your mortgage is 4% but you are getting 12% in the stock market (as he claims is the average yearly returns), you will have tens of thousands of dollars more money after 30 years if you invest your savings rather than paying down the mortgage faster. He claims that financial advisors disagree with him because all they want to do is sell products that they get commission on, but what Dave fails to admit is that even if you use financial advisors’ logic and invest instead of prioritizing paying down your mortgage, you will have much more money in the long run. It’s sad that so many gullible Americans fall for Dave’s toxic advice. They may feel good being out of debt but they don’t realize they would have been tens of thousands of dollars richer if followed the regular financial advisor investing advice.
Pepe Le Pew Dave tends to appeal to the emotional side of money (ie the debt snowball is more efficient emotionally opposed to the avalanche method which is mathematically more efficient) So Empire makes a good point in terms of the mathematics of the situation but Dave isn’t all about math. Yeah theoretically you can make more money freeing up cash you’re using to pay down the mortgage but emotionally it feels a lot better having the house paid for. This is exactly the point of the video though, if you’re using a financial advisor, find one that agrees with your philosophy and helps you with YOUR goals
Sixty On Standish I came to the comments to say exactly this. Awesome job. For some people the relief of not having debt and being conservative with their money is more attractive than maximizing reward at a higher risk. Mathematically it may not be optimal but we’re all really here to enjoy our lives with our money not be beholden to it.
Best question I asked my guy was "what do you invest your money in" he looked a little surprised, then pulled up his actual portfolio, showed me his investments, and why he was in each one. Now, he over explains things to me when he suggests a new investment or change, because he knows I want to understand why and he better have a good reason.
Dave Ramsey recently inspired me to go back go school in August and continue education to become a financial advisor and wealth management specialist so this is awesome. People deserve to be given honesty accompanied by integrity and I want to provide a service to better peoples' lives. Thanks Dave for the inspiration.
I met with a financial advisor who, before even continuing the meeting, asked 'have you read the Total Money Makeover?'
'Uh.. yep. You're hired!'
Colin (
I'm beginning to wonder why do I need a financial adviser when there's Dave Ramsey?
I think Dave's understanding of the Scripture about money management makes sense. Money can't love anyone, but the person owned it does, behavior and simply being stupid leads us to becoming broke.
How do you get paid for your services? ...
What's your own investment philosophy? ...
How will you invest my money? ...
What are your credentials? ...
Are you a fiduciary? ...
What's included vs. what's extra? ...
What's your succession plan? ...
How will you consider my assets that you don't directly manage?
Excellent questions. Thank you @Billy Smith
Thanks so much, Billy.
I'm doing research and I'm glad I found Mr Ramsey!
omg THANK YOU! Finally someone actually answers the actual question of how to interview them!
Billy👍
I just found these videos a couple of weeks ago and have gotten a lot of sound advice. But the one thing I'm realizing I need most in my life is the Dave Ramsey hang-up button. "You're done talking... CLICK!"
Yeaterday, I finally finished my 5th interview with an investor I found through provestor. Now to make a choice with my small amount of money. I want to be wise with what I have and I am definitely taking a chance and learning a lot this past week!
I love this as someone that actually educates people about money. This video pretty much re-enforces what I do. I love it!
Boundless i
I give this guy an A+ for his self-confidence...
"Find a teacher." Good advice. If I ain't learnin', I'm leavin'!
If they are not fiduciary they are running off commission or it's part of there incentive. Dave's guys are working off the same. Avoid financial advisors invest in index funds sell when the lead indicators from lei institute show a weakening gdp, rising unemployment, and lower housing numbers buy on the dip sell on the way back up rinse wash repeat.
Your Insurance drop your homeowner policy after 25 yrs. I don't have a mortgage now. I have being try to find replacement cost insurance in NC.
Thanks Dave for warning us apropos fees.
I love Steve!!!
I like turtles.
I will admit that I did not listen to this entire clip, but during the first couple minutes, I couldn't disagree more. If I hire a builder to build my house, I can make sure the house looks like what the blueprint shows, but I don't know all the building codes. That is where you must trust the builder. Fortunately, in building a house, you have a building inspector to make sure those codes are followed. With financial planning, you don't have that.
Thank you, for honesty
Approved for SBA EL and I want to deal with credit card company that I have two cards a $4,000 each. I’m going to offer them 45% of balance for both cards and get the reported to my credit as paid as agreed.
There’s only one thing you say to your financial adviser. “ You’re fired”. They are all crooks.
did she call him Steve a the beginning?
I heard the same but I have to admit English is not my first language:-)
H and M Johnson heard it lol
Definitely lol
H and M Johnson yes lol 😂
I heard Steve, but Dave can sound like Steve when spoken on the phone. I think she said Dave. ;)
I looked into one of the advisors on the website and had a nice chat. Then I learned his fee would be 1% a year on my investments. That's a lot of money.
"dont think about it, itll burn your eyes out" lol
Although I dont agree with everything you said i still listened and learned some great things!
so should companies you invest in be debt free not sure you can even find a sp 500 company without debt
Hey Steve, I didn’t know you changed your name!😂
My financial advisor bought for me the exact Dave Ramsey mutual fund package...the same ones Dave has in his portfolio...... Hehehehe
TWDxKILL3R can we have his name please?!
TWDxKILL3R how has the return been?
Really? I’ve never heard Dave divulge what funds he has....
Some will not protect you principle! Will throw your money to another institute! Stay away from most financial advisors!
I disagree about religious values needing to be the same. It's easier, I suppose, to find a fellow Christian, but I am not, and I take advice from Dave Ramsey. I'm not a Christian and I'm not a conservative Republican. It's not really relevant to good financial advice, IMO.
Bonnie Half-Elven b
Agreed @Bonnie
depends on the difference, if they are saying dont donate any money, take a large dept, and try sell people stuff they dont need.
I'm the same way, well said Bonnie!
Their vetting is only based on how much Advisors are willing to pay monthly to get on their list. Can be up to $1000 a month. That's how Ramsey makes all his money.
Where do you check to see if the financial advisor is a crook?
There ones that are professional...honest.....but few and far between.....many just dumb....
I appreciate this guys honesty.
Remain focus and don't let idiot advisors,agents deter you from invaluable insurance protection..investing....
Dave Ramsey aka Steve, really lays everything out on the table
My mother's financial adviser advised my 79 yr old mother to take out a reverse mortgage on her home that she paid cash for.
That's a bad person
My “ELP” that will be doing our taxes also provides investment services. He’s not listed as a smartvestor pro though. Is that a red flag if I wanted to also use him for investment services?
I talked to a smart vestor and I was told I had waited to late. My life story : a day late and a dollar short.
To late to do anything? Or too late to change everything? Change is still moving forward, rather than staying the same.
My eyes are burning, now, But I’ll choose an investor more wisely... no disco close- check
Good advice. But you didn't mention even one thing I could as my financial advisor
good talk but the original question was not answered. "what are good questions should you ask your financial planner or advisor?"
How much do you have saved.?
My eyeeeesss!!!!!
Well said Dave.
This isn't informative at all. It's just a rant. If you know more than your advisor then you shouldn't need to hire one. It's as simple as that. The while point of hiring someone is they know more than you do.
Hallo my question is can you have any advice how to start or making money online ??
What does a person that doesn't agree that you should pay off your house and that same person doing your taxes related?? The two are totally unrelated It makes no sense
Thank you
Hi Dave, great advise. Question...I'm trying to help my three sons set up their retirement accounts. My credit union charges 5.75% off the top on every deposit transaction into their Roth IRA. What is a proper fee for that?
Are you saying if you deposit $100 you effectively have $94.25 in the account before paying any fees in the underlying funds?
@@Gobackto4chan yes.
I can’t tell you what a really good fund looks like but that 6% off the top sounds shady. Were you able to look into alternatives yet?
Banks are for banking , investment
Places like fidelity are for investing ( it's problem I have with 401k now )
I went to the SmartVestor Pro site, put in my info and click next and it advanced to Step 2. I clicked I understand and nothing happens. So it appears the site collected personal info but did not provided any SmartVestors. Not the best experience.
Good advice
So does this mean if I'm not a Christian then I shouldn't take your financial advice? Srsly?
If him being Christian and you not being one happens to create enough of a conflict in how you view money, then yes, you should not listen to him. If him being a Christan just means to you that you ignore whenever he mentions the Bible but you find the rest of his advice good, then it likely isn't a problem. It's a question of what's important to you.
Dave is mean to Tax CPA
Mh. Responsibilities
Hahaha I was a private swim instructor in college and am now a financial advisor in Seattle
Hi how do you like it so far? I have been thinking about it.. Dave Ramsey inspired me to look into it, I am looking online for schooling or maybe going to college for it. What was your options for you ? If you got a certificate online, would you mind sharing the website? Thanks in advance.
I’m from Reading pa Daniel Carrion Jr.
New financial planner I spoke with said I should not pay off my mortgage because it is at 2.75% and instead put into stocks. He also does not agree with the way Dave Ramsey invests because he cant make any money off of my money. I kicked him to the curb real quick!
My financial planner told me the same thing, smart advice nuy Depends on your age. We're close to retirement, so we paid it off
I tried to find a person on your site but I guess you don't have any leads in Canada?
What youre plan? With youre investment.
Lol I'm from reading
Why should I pay you for what I can easily do almost for free?
Slick Willy. lol
Bill Clinton selling mutual funds 😂
This guy should be in jail. He has misleading so many naive ppl.
Financial advisors are nothing more than salesmen, always remember that!..
STEVE
As it turns out I have met more crooks to talk a good talk at the ole Baptist Church than in bars!!! Fancy talkers can make you believe that they believe fit perfectly with all the exact same beliefs!!! So, AGAIN what expert questions must be answered to quality choose a financial "advisor?"
Oh! SmartVester!
Cool
I want to be a teacher!
There is so much to be taught that isn't taught by any school.
But what if you can't find anyone in your home town who agrees with you?
Jameson 87 the beauty of the internet
Move lol. Just had to say that. Jk
He doesn't give a list of questions to ask. Heart of a teacher, isn't great advise. It's a slogan. Empty. Don't waste time.
He actually does give a list of questions. The 2-page is entitled "Interview Questions to Ask Your Financial Advisor" and "Financial Advisor Evaluation Score".
An he didn’t give a question to ask.....
Gotta love the plugs for his daughter’s channel at the ends of videos. Riding her dads coat-tails smh. Not saying she doesn’t have good advice but let’s be honest, she’d be a nobody if her dad wasn’t Dave Ramsey. No disrespect, just saying it like it is
Yeah, and those end-of-the-video plugs are annoying.
You Bernie Madoff need your money Jordan Belfort need your money investments in
You talk too much. Get to them point
1. Are you a fiduciary?
I was once but a dose of penicillin cured it
😱 Dave Ramsey, with hair?!
Poor Dave still struggles with mutual funds the ones to use the ones not to use .
Which should you use?
Not taking advice from someone who doesn’t share the same religious beliefs as you is pretty narrow minded. I don’t a high power need your money to protect ya from “evil”. Once again to each their own if you wanna believe that.
Financial advisor.....planner....another name for salesman.....snake oil salesman at that...
If they work on commission yes, but there are fee only fiduciaries out there.
@@travis1240 I worked with a financial advisor who is a fiduciary. They destroyed me financially. Had I kept my money in low cost index funds, I'd be worth 1.2M. Instead, Im facing a retirement of poverty.
@@cathyg1099 I’m sorry to hear..
Anyone that gives money to their church is a fool. FACTS
Karen 😐
ACID TEST
Its heavy stuff dude.
Dave Ramsey has a simple math problem. He doesn’t understand that if your mortgage is 4% but you are getting 12% in the stock market (as he claims is the average yearly returns), you will have tens of thousands of dollars more money after 30 years if you invest your savings rather than paying down the mortgage faster.
He claims that financial advisors disagree with him because all they want to do is sell products that they get commission on, but what Dave fails to admit is that even if you use financial advisors’ logic and invest instead of prioritizing paying down your mortgage, you will have much more money in the long run.
It’s sad that so many gullible Americans fall for Dave’s toxic advice. They may feel good being out of debt but they don’t realize they would have been tens of thousands of dollars richer if followed the regular financial advisor investing advice.
He understands. You dont understand his point.
Pepe Le Pew Dave tends to appeal to the emotional side of money (ie the debt snowball is more efficient emotionally opposed to the avalanche method which is mathematically more efficient) So Empire makes a good point in terms of the mathematics of the situation but Dave isn’t all about math. Yeah theoretically you can make more money freeing up cash you’re using to pay down the mortgage but emotionally it feels a lot better having the house paid for. This is exactly the point of the video though, if you’re using a financial advisor, find one that agrees with your philosophy and helps you with YOUR goals
Sixty On Standish I came to the comments to say exactly this. Awesome job.
For some people the relief of not having debt and being conservative with their money is more attractive than maximizing reward at a higher risk. Mathematically it may not be optimal but we’re all really here to enjoy our lives with our money not be beholden to it.
This was a golden response.
Sorry ramsey but if you give your money to an imaginary organization than you are a fool at least in that very small area.
I love this as someone that actually educates people about money. This video pretty much re-enforces what I do. I love it!