Should I Listen To My Friends Or My Wife?
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- เผยแพร่เมื่อ 25 ส.ค. 2024
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Depends on how long you want to remain married.
Happy Wife, Happy Life
😆
LOL 🤣🤣🤣🤣🤣🤣that's true.
This is both true and hilarious :D
Sometimes people are jealous of how good financially you are doing that they try to drag or bring you down. Cruel but true.
Very true. This has happened to me. I got a decent promotion at work with my own office and assistant. I thought they would be happy for me, but they seem more jealous than anything.
Don't be a stupid husband. Your friends don't live with your decisions, your wife lives with your decision. Your decision affects your wife and your children, not your friends children or their wives. Listen to your wife. Whether good or bad, she will be there.
That’s pretty dumb advice….wouldn’t listen to a dumb husband, right?
@@stevexspeed7649 relax man 😂
No. You don't take bad advice no matter who it comes from.
@@blackspiderman1887I don't think the logic is totally wrong either, friends don't have to be responsible for your life so they can throw in whatever idea they want without thoroughly thinking it through, where as spouse has to think the risks and impacts the idea can have on their life, sometimes the risk works out and they strike gold, sometimes the risk is too high and they can be in a big mess.
💯
New friends are easier to come by than a new spouse
Not true
a friend lost is not called a divorce.
now a "good" friend is worth quite a bit, idk if its even comparable to a wife since they can be better in some regards like being there frok childhood to even after death.
a friend can be like a brother/sister to you and an uncle/aunt after your death.
while the benefits of a wife are also enumerable. she sees you in a way a friend can be even moreso. which is kinda scary to me. you could put a front up with a friend and they can be categorized friends. like school friend, work friend, church friend and they stay within that box. but a wife will know all the quirks and nuances and ticks about you.
which could be a good thing is she helps you in your deficiencies or areas she could nit pick until you explode. (obviously I have the POV of a person with trust issues)
Yep, Dave is correct here. The man has a good wife, listen to her.
I saw the title and thought, “Someone has a death wish!”
I'm not against real estate, but I'm against renting. Everyone thinks they can do it, but the reality is different.
He needs to keep his friends out of his business. How he handle his money is his and his wife's business. Those friends don't live with them. I can't believe he thought he needed advice on that. That's the problem in this country: people know too much of each other's personal business.
You don’t talk with your friends about money and making certain investments? Like what are you talking about?
@@reese85 I was thinking the same thing. My friends and I discuss different investment strategies all the time. I have a higher net worth than this gentleman and he is twice my age. He definitely invested too conservatively throughout his wealth building journey.
@@morpheus6609 I really don’t understand guys anymore! There’s so many ppl suggesting that he get new friends and just listen to his wife and I’m like what?
You’re right. It’s better to be completely blind and never get a second opinion, and the people who do are the problem.
@@375Cheytac
this sounds too much like sarcasm to me.
cuz TMI is better, in my opinion, than being under informed.
Why would your friends’ advice hold as much weight as your wife’s? I’d be annoyed if I were her because a wife should have more say than his friends. This decision will impact her, not his friends.
Not true! Everything about making money doesn’t have to involve the wife or husband and what friends discuss and come up with may be a field the wife is not knowledgeable in and may not understand how it works! So talking to friends would benefit him more in that case
Well maybe the wife is an idiot and the friends are intelligent 🤷♂️ (not in this case but in general)
This guy has a voice for radio.
Yes he does firat think i noticed ...I did not care about the stupid reason he called...
Your friends don’t have to live with your decisions…your wife does.
Everybody that’s successful in the world! You think none of them didn’t get any ideas from friends and not their wives and didn’t make money?
Haha I agree with you. The video title makes me laugh. I don't have wife yet but of course I will listen my wife because happy wife happy family
A real estate investor told me once “never buy a property with a bedroom”
800K is not enough to go do real-estate at his age, i wouldn't do it.
Don’t discuss finances with friends. It’s not their business.
With friends like that who needs enemies
Saying doesn’t fit what happens here, smh
A rich man is someone who has a wise wife!
Really
This guy has a killer radio voice.
He really does!
He Could have easily done that for a living
Dave is replacing George with him soon.
No joke and he's 68?! Daumn.
Sounds more like a pilot voice to me.
His I-Bonds are a hedge against inflation. The I-Bond pays an interest rate that goes up when the US inflation index goes up to match. They pay pretty well right now
TIPS are also an inflation hedge. While their coupon rate is constant the principal adjusts with inflation so their coupon amount goes up as does the amount due at maturity.
Dave, do I listen to my friends or do I listen to my wife, LOL!!!😂😂😂😂😂
Joker
Dave should have asked the follow up question, "Do you sleep with your friends, or do you sleep with your wife?
@@thomasd5488 I know right, LOL!!!
Agree with Dave, fire all these dumb friends who were wrong twice already.
The only rental property I would want is a parking lot in a location where it does not snow. My friend recently retired , again. His son bought an emply fenced lot to rent as RV and equipment storage. The idea was that renting the site would give dad something to do. The first customer said they would take the entire property with a multi year lease. No job for dad.
Tell your friend to travel, get a hobby, and volunteer for good causes.
Until someone does a slip and fall and filed a lawsuit raising your insurance. Or the area where the lot goes down hill.
I keep saying that RV rental storage property is a good buy. We are paying a huge amount of money for RV storage in a gated fenced security place. No competition around.
@@ceciliapetrowsky2572 until the person who are living in the RV storage place burn there RV down because they Jerry-rigged their electrical. Buy REITs if you want exposure to real estate.
@@djpuplex I don’t understand your comment. No one is living in a storage lot.
Dave not knowing what tips are 😂
I own a few rentals. I pay a property management company. I ain’t fixin no toilets lol
That is our plan as well
Dave seems to have forgotten that TIPS aren't conventional bonds. Treasury Inflation-Protected Securities, or TIPS, provide protection against inflation. The principal of a TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index. When a TIPS matures, you are paid the adjusted principal or original principal, whichever is greater.
TIPS pay interest twice a year, at a fixed rate. The rate is applied to the adjusted principal; so, like the principal, interest payments rise with inflation and fall with deflation.
The guys wife knows more about investments than Dave does. This just proves yet again Dave gives horrible investment advice outside of Real Estate. Although the guys friends are even dumber. Yay lets buy real estate which is way over valued, even more than in 2007. By cashing out an account that is graunteed to keep your moneys worth in high inflation. If anything the oppiste is what you should be doing. Sell all your rentals and use the money to buy TIPS. You are going to lose way more value in keeping rentals, than what you will have to pay in capital gains.
@@simplyafederalistMany people don't know about depreciation recapture once the rental is sold. Yet another hassle.
I own a duplex and never had a "midnight call." The only one close to it was the washer breaking and I simply called someone else to fix it. Anyone can place a phone call properly delegate tasks. This isn't rocket science.
Disabled tenant with no heating in the winter might be an emergency- always a possibility with a rental
@@gmarie3053 that’s not really an emergency! If that happens, they will have to wait until business hours until someone can go out there and fix the situation
@@gmarie3053 nothing that a couple of infrared space heaters can't resolve as a temporary measure.
@@gmarie3053 it is a possibility but not probable.
Exactly
At 68 don’t become a landlord,, at 38 maybe, it is not for everyone
Great explanation Dave, this should help a lot of people!
💯
I want to see Dave Ramsey and Scotty Kilmer do a segment on cars.
I just started watching Scotty 2day lol
@@reese85 Scotty is overrated and every single video has a clickbait title
The caller is in good financial standing & his retirement nest egg is making more than he's taking out, so he doesn't need to do anything. I'd go with his wife's take of not having to deal with all the hassle that comes with getting into a new venture. Once I retire I want to focus on stuff I like & want to do, rather than worrying about investment growth & all the other drama associated with that.
Ask your friends to show you their investment portfolio.
They don’t need one, to give advice!
🤣🤣🤣🤣🤣
Your wife, of course. Even if she’s DEAD WRONG! Always remember that! 😂😂😂
The problem with rental properties is that when people think about having one.all they think of is $$$ coming in every month and your going Yippy Yippy. My house, which isn't a dump had a collapsed sewer pip. 5000 out the door there went your profits.
That’s why ppl shouldn’t get single families
The friends may be doing great with rental properties they own so they might not be wrong with their advice but their advice may be wrong for this guy. Sounds like this guy's wife knows him better than his friends which just means he married the right woman.
Property is a long term investment.
My wife’s older brother has 3 kids under 13, 500k mortgage and bought 4 rental properties using equity in his house 3 hrs from where he lives as he couldn’t find houses under 500k. They now have to sell one as they also got variable interest. All rental homes were bought in 2021-2022 so at the peak. The one they are selling has a renter who hasn’t paid rent in 8 months, they finally got him out.
Nothing he did was a smart move. Oh and all the rental values went down 20% in value. His wife told me they are using line of credit to pay the mortgage payments the rent doesn’t cover.
Ramsey doesn’t understand TIPS… However, if inflation rises, the principal on the TIPS will increase, allowing for the coupon payments to rise…
Wife over anyone else.
Simp. Watch her divorce and take half your stuff 😂
Not always!
Why would he even ask Dave this
I've read every comment and not one person has called out the fact that realestate isn't necessarily an inflation hedge when talking about inflation in terms if CPI. It means tightening money supply and raising interest rates. So these factors push down the value of assets purchased with debt. Dave is wrong, his friends are wrong. Wife is right on this one!
Your wife is 100 right. Don’t do it.
This guy is talking about Series I Savings Bonds, of which the interest rate will change quarterly according to the inflation rate
I was chuckling at Mr. Ramsey's ignorance about I-Bonds (inflation is literally in the name).
Semi annually, no?
Wow. You’re sitting pretty. I’m not into real estate, but even I remember when landlords could not evict their tenants. Take your lovely smart wife to Cancun and move along.
Id just like to address how well spoken this caller is and what a good conversation this was
These types of calls are nice to hear. I tire of people calling in to get advice and then bucking the very said advice they’ve called in about😂
@@jenniferspisak Same. Like why even bother calling. Half of them know they shouldn't buy a tesla if they only make 35k lol
I thought for sure he'd say George is not a friend..... 🙂 Missed opportunity!
I don’t think Dave realizes what a TIPS is ….
I was getting the feeling Dave didn’t know what TIPs were
Starting to be a landlord in retirement unless you really need the money would be pretty stupid.
I’m not sure if I’ve seen anyone mention, but TIPS are treasuries that are specifically designed to change with the rate of long term inflation, as the principal will adjust based on inflation rate and the interest is paid on the adjusted principal.
Between TIPS and I-bonds this guy already owns conservative inflation hedges.
Neither listen to your head
This dude needs to grow some balls and find new friends. Does he consult his “friends” to use the bathroom.
😂😂😂
There’s nothing wrong with his friends! He’s just too old to now try and do real estate
Time to find new friends
Homeboi needs to get new friends; you just told Dave they gave you bad advice in the past
He’s 67! He don’t need new friends and all friends give bad advice from time to time! Like y’all crazy
If your friends have t given you dumb advice at least a few times in 69 years, they’re not real friends 🤣
@@gmarie3053 thank you! Idk what’s goin with ppl yo! The advice wasn’t bad but we all give bad advice from time to time
Why does a friend's opinion(or anyone for that matter)on money matter to this guy? Unsolicited advice should be in one ear, out the other.
Dave is wrong again. Bonds ARE a hedge against inflation. The rate on I bonds raises as inflation rises . Dave wrong again.
I bonds are inflation adjusted. Regular bonds such as municipal bonds will be absolutely murdered in an inflationary environment and rising interest.
Good info. Thanks
Treasury Inflation Protected Securities (TIPS) have a fixed coupon rate but the amount payment amount is calculated by adjusting the principal amount according to the Consumer Price Index.
Are his friends financially independent and millionaires? Then duh.. no.
What does that have to do with talking advice from them and his not no millionaire himself, but owning real estate can get him there! But I wouldn’t do it at his age
Don’t take financial advice from a bunch of broke people.
Dave, how are your mutual funds doing this year? I remember you make 12% every year, right
You've never heard of the concept of an average.
Dave's 12 percent is a made up number and it's BS 😅
If you have to call Dave Ramsey about this, you don't have a clue.
The wife sounds pretty smart. You'll need more then a hedge against inflation if you don't listen to the wife.
TIPS still affected by rapidly increasing interest rates, they crashed too with everything due to duration risk.
God first, then your wife!!
Amen🙏🙏🙏
God is fake
That wasn't the question.
God doesn't invest for retirement
@@ClaxtonBay123 no he doesn't but guides you for eternal life
Good info
Plot twist: caller is Chris Hogan
Owning rental property is not always the best for everyone. Oh it sounds good but you cannot imagine the stuff some renters do! And getting them to pay the rent is another trick.
This is between a husband and a wife
Uh, how is TIPS not a hedge against inflation?
The TIPS are exactly inflation rate but that means you aren’t beating inflation. So they’re fine to keep pace but if you want growth you have to buy companies
Yeah listen to them if you want a divorce
Well, your friends are not totally wrong.
But do you need or want to get into real estate?
If not, then no.
There not wrong, but at his age! I wouldn’t get into it.
Hated being a landlord. My dad left us rentals which were promptly sold. No rental hassles. They were dad’s thing, not mine. Freedom in retirement.
omg. Wife is right. You have never seen how awful it is to deal with renters. Truly awful.
You do not need rentals....!
Depends if your wife has a student loan.
I know right, LOL!!!😂😂😂
Just wondering why a fella would even discuss his and his wife’s finances with friends
Dave is wrong here. TIPS *are* inflstion protected, actually. Either way, the wife is right
Wife.
Next call....
How is buying a mutual fund in an inflationary environment a hedge against inflation? 🤔but I agree with Ramsey the guy’s wife is right…
Real estate is high now so may not be a hedge against inflation in the short term.
Don't risk it net worth isn't that much
Dave doesn’t know what a TIPS bond is apparently. Probably shouldn’t be taking investment advice from him.
I thought he was worth way more the way he was casually talking about buying rental properties. Where is he getting the money is he is only worth 850k (including his paid off home) 🤔
He can pull from investments or equity from the house
@@reese85 Sure. He would have to pull a lot from the house or a lot from investments in order to buy multiple investment properties is all I am saying. If you say half of his worth is house and half is investments. He would have to pull out several hundred thousand to buy multiple properties.
@@SinceDebubked you don’t have to pull out that much! Just the down payments and the houses/rentals will pay themselves
@@reese85 I don't know. A decent rental near me is $400k. 25% down is $100k. Get two of them, $200k. I live in Idaho. Maybe he can get a rental for much cheaper, I don't know.
@@SinceDebubked 400k is not 100k down! Idk where you guys be getting these numbers from but there wrong yo
Good for him!!!
This was a rough call for Ramsey. He clearly doesn’t know what TIPS are. 🙄
Put money in Emu’s and Beanie Babies and get McRich
Growing up renting land to farmers, I have no clue why anyone would rent residences. Why rent something that people will break and ruin, when you can rent dirt for the same profit
What is Dave doing with the headset cord lol
What about investing in REITs if you want to invest in real estate without the management hassle?
I know a very hardworking huge spender of a guy who in his sixties still runs after magic schemes, loosing itcall and believing in magic financial schemes again and again. Adviced by others or made up by himself. His family doesn't lend him any money ...anymore. His disabled ex spouse invested in a little real estate and could not work a full career so no 401K . But at the same age she still has her brick and mortar. It is a drag to her because of her state but the increased prices of real estate might bring in some retirement money after selling properties. But she'd 've loved to have had some stocks and bondsfund only! The guy would have lost less if he had had a portfolio of real estate and could have maintained properties instead he choose to be a moneygambler. So yes, Dave says wisely it depends on who you are .
Dave doesn't seem to know what the phrase "hedge against inflation" means or what TIPS are.
nope.
Because it is not a legitimate phrase.
Well for one thing and this should be pretty dang obvious hello! His assets are their assets if they were to get divorced. So it’s as much hers as his!!!
Don’t need to know the question here. There’s only one right answer
Why are his friends aware of his finances?
I don’t even need to watch this video to know you need to side with your wife
Listen to the wife. I’m glad you are.
At 68 sir you can’t afford any risk.
Lol he sounded like 30 years old man
Why would anyone listen to friends, your wife is dead on and your friends are wrong!
Why are you talking to your "friends" about this?
Listen to who has MORE MONEY
Sell the car!!