@@15KHPCLUB Yeah they never mention cost, income, if they have another source of income...... All those factors matter because people who make too little just don't end up millionaires with too little nor no income.... If what this person wrote is true is very likely an exception and not repeatable without certain conditions.....
@@donaldlyons17 Yeah I just did the TVM calculator for that scenario to even make sense. In order to achieve that $1.6M number in 20 years, you need to be contributing an average of $40k/year earning historical average returns of 7-10% without factoring inflation. Which means you need to be at least a 6-figure earner and live EXTREMELY frugally which very few people earn and even fewer will actually do since living that way is boring and miserable.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes to off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I totally agree; I am 60 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
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
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
In my view, smart investing is not just a method for generating passive income but also a strategic way to save for future financial needs. Those who don't make sound decisions early on often find themselves regretting it later. However, investing can be complex and risky when done alone. That's why I strongly suggest seeking guidance from a professional. The key is not simply absorbing information from videos or books, but applying that knowledge wisely in real-world situations.
Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. Luckily, since the rona-outbreak in 2020, I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Rebecca Nassar Dunne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Here's the mind blowing fact thought.. It's not hard. Invest in ETF's i.e. S&P 500 and Nasdaq.. DO NOT SELL at any point (that's the most difficult part for so many investors trying to time the market)... If you invest monthly, I would say with some strong conviction you will be in a really good place. Investing should be boring and rudimentary and when there are dips/pull backs, look at it as though the market is on sale. Continue this and you will be in good financial shape.. Do not sell and do not try to time the markets
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
According to TIMOTHY ERIC MEEK an expert, there are many smart financial investments to make your money grow. Depending on your financial goals, how much money you could invest and how long you can hold an investment, you will have to consider different levels of risk and returns when combining assets into your portfolio.
You make an excellent case! . I’ll add 1 more point… Seeing my monthly dividend income grow is EXTREMELY motivating to continue investing . Buying growth makes sense intellectually, but during a bear market, watching my growth portfolio shrink…the motivation isn’t as high as it is for dividend investing. A lot of this is psychological!
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Learn to fix your car and do basic maintenance, basic plumbing, electrical, flooring, painting...are also within the ability of most folks. We are just too lazy and that is the downfall.
Then when u save a bunch of money instead of going out you go to a nice grocery store get some high quality ingredients and it will taste better then a restaurant
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Rachel Sarah Parrish is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I wish they taught investing at school level. There is so much advantage to doing this! My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@MichaelGabreil It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
@@ClemonSteve luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I' ve got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend.?
As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed shortly.
Sure, the popular *Jennifer Leigh Hickman* is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment..
Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
I started working with Julia Hope Marble back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record. She was my hope during the 'bear summer' last year.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
Rachel Sarah Parrish is the licensed coach 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 caII.
Started really taking Dave's plan seriously around 2017. It's happening. Trust the process. The minor delay in gratification will be amazing when I am where I want to be. My future will be so much better than what it would have been if I just "YOLO'd" or whatever. So thankful for Dave.
can I actually do this plan only making $50k a year? dave has said in previous videos that my kind of income is “making no money”. I can’t go out and get a 6 figure job tomorrow. so is this even possible making $50k annually?
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree-it can withstand storms and still grow strong
That's great advice! Julianne Iwersen Niemann's perspective on investments as a long-term growth strategy, much like a well-planted tree, is a solid analogy. A good investment strategy should be resilient enough to endure market fluctuations while still growing over time. It's essential to have a strong plan that balances risk and reward, much like cultivating a tree that thrives even in tough conditions. Working with a seasoned expert like Julianne can help ensure your financial decisions lead to sustainable growth.
I modified step one. As a single mom, I didn’t feel comfortable with only $1000 for emergencies. I felt more comfortable with $2500. After that, I paid off ALL of my debt. I’m working on step 3a and b. I’m building my emergency fund and saving for a down payment for a home. I surprised my coworkers a while back. We were talking about living paycheck to paycheck. I told them that I didn’t live paycheck to paycheck. They were surprised. The woman with one income is better off financially than her friends who have two incomes. I inspired one of my friends to get rid of her debt. She’s working on it now. BTW, I don’t receive spousal support or child support. I want my daughter to see that women can be financially independent and responsible.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
“Lucinda Margaret Crist” 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
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?
Listing your debt amount and watching it reduce is effective. Excitement as you check off each debt is exhilarating. Paying off all debt is amazing... Joy and freedom!!!
I’ve noticed irrespective of the economy up and downs, inflation, and a host of others, the fin market still accounts for a lot of individuals becoming millionaires, its crazy because I know a lot of dedication is required, I’m wondering are there any shortcuts to it or perhaps smarter approach.
Shortcuts NO, smart ways I’d say yes, you should know experience and skill has a lot to do as regards remunerative returns, I employ the services of an FA, saves me the time and ensures my portfolio positive growth, After I surpassed a $million I realized I should have gotten on it sooner.
I'm. Personal trainer and often tell my clients "it's discipline you need and motivation is the byproduct". Pretty darn confident I'm a flame 🔥. Love it guys 🙏
I think the stock market will do well in 2024, so I'm thinking of putting $220,000 into stocks for my retirement. Any advice on doing this safely? Also, any important tips for the current financial situation?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
To attain wealth, the very first step is figuring out your goaIs & pIans, with the heIp of a financiaI pIanner and following through with InteIIigent pIans, you will gain attain in no time wealth and as weII enjoy the benefits of managing your money.
My decision on my finances was a great one (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.
They’re absolutely right. It’s difficult, but what’s even more difficult is knowing that my parents don’t even have enough money to be properly buried when they pass. I will never leave that burden on my own kids, never. It’s heart-wrenching.
Consider that fewer and fewer people are choosing burial and a traditional funeral. Cremation and a lovely reception at home, a hall, or a restaurant banquet room is a respectful tribute.
You have no responsibility to bury your parents, so there is no reason to feel burdened. You can choose to burry them, as I would, but there is no requirement to do so. People get responsibility and charity mixed up emotionally. If I didn't have the financial means to bury my parents, I wouldn't; and I wouldn't feel bad about it.
My two brothers and my sister and I contributed to my mother's income from the time my father passed until she passed away, over twenty years. I was happy to do it, but we all had good jobs and were pretty good with personal finances so it wasn't that hard for us. If you can't do it, you can't do it.
I began to follow Dave's plan in the fall of 2018 and by the end of 2020 I had pretty much completed the steps. I'm on track to be a millionaire in less than 12 years
Just turned 20 & I’m about to be debt free & have my emergency fund by the end of the month. I feel grateful to have people in my life that showed me your seven steps & are leading me to financial freedom. My peers are spending money partying & going on vacations, & it’s hard not being part of all the fun, but I want to be a millionare 💪🏼
I spent the last 10 years NOT doing Dave Ramsey and look at me now! I'm in debt and have no emergency fund. We're starting the Baby Steps because wtf am I doing with my life?!?! I'll update later👍🏼
@naminakata182 Honestly? Haven't gotten anymore debt.. but haven't saved jack squat. I did not do the Dave Ramsey. Lol Inflation, incredibly expensive health insurance bc i have cancer check ups every 6 months now (from every 3 months Thank you God) and an increase in property taxes due to me not knowing how to protest tax appraisals (we bought a home in 2020 when I first got diagnosed so it was an impulse.. I didn't want to die in a rental) came at the same time several raises at work came so at the very least we are in the same place financially as we were 7 months ago. However.. We fixed our own roof leaks. We built a new massive chicken coop bc I'm starting a market garden to make money from home. We built a huge chicken "shelter" that cools them in the horrible summers we have and keeps them warm in the winter. (Less stress means more eggs.. more eggs more money) We took a senior dog to the vet and found out he has Cushing's and that was pricey. His meds are pricey but he still had a good quality of life an he we aren't putting him down until that changes... We did not in fact do the Dave Ramsey. Lol However... We don't add to our $6k debt. Our debt is small but we needed that money to get through the rest of the year instead of paying off debt. Good news is that we are primed to do better in 2024. (God willing) *I protested my tax appraisal and got it lowered. Which lowers property taxes *I am cutting this awful health insurance and it saves us $700 a month. Gonna shop around. *In Texas the Homestead Exemption went up from $40k to $100k so that will help A LOT *the raises at work were only in the last few months of the year so it will reflect more next (this) year. I still believe in the Dave Ramsey plan. It helped us buy our home in 2020 lol we did Dave ish lol We just went thru some emotional mess and chose comfort instead of doing the right thing financially. But 2024 is different. Building a small business and paying off debt and saving for the 3 to 6 month emergency fund is my goal for 2024. And that's my life story... Will update later lol
I literally posted my whole life story and it's just not showing up lol So here goes again.. Long story short I did not do the Dave Ramsey... but I didn't get onany more debt. Cancer bills and bouts of depression made me just comfort myself. Spent money on farm animals bc I'm just comforting myself. Husband had some amazing raises.. at the same time inflation kicked in. So we broken even. Vet bills for a dog with Cushings disease.. not cheap but I joined a Cushing group on fb and it saved us thousands..paid cash no credit Fixed our leaking roof ourselves.. Fixed plumbing issues ourselves. Built a massive chicken coop... cash no credit cards.. Built a goat house from scraps.. no credit cards.. Fixed cars with cash.. Husband and I actually did the Dave Ramsey 1 year before I was diagnosed in 2020 (am in remission so I thank God for that) and I was given a poor prognosis at the time so I said let's hurry and buy a house bc i don't want to die in a rental.. so we rushed into a house without an emergency fund so that was smart...(it wasn't but we have a house that was priced before the spike.. so thank God for that) We went back $6k in debt again when we first moved into the new house I was 2 months out of surgery and still healing.. so many things went on the credit card. Unfortunately Do not recommend lol And all of this on my husband's job alone as I do not work.. I should be working but we have one reliable vehicle We have farm animals.. just goats and chickens.. so my hobby will be making us money. I sell eggs and I'm going to be building my garden this year hopefully and turn it into a market garden. A lot of bad financial decisions on my part bc if I'm honest.. I'm still emotionally healing from cancer 2021 and what it did to me. But I just thank God that im alive So I'm slowly coming out of that funk and finding hope again With that hope I'm going to be job hunting or putting more work into the homestead to create a business. That and actually doing the Dave Ramsey baby steps now that we ate in a better frame of mind
One of the things people have to learn is to stick with it even when there are little problems. That is why I like the debt snowball it recognizes that people need to have wins quickly or they will quit.
Don't forget that Charlie Munger and Warren Buffett invented the idea of investing and buying at both market highs and lows. As Warren Buffet noted, he has witnessed this occur frequently during his life. I'm not a trader. Never did my husband and I make more money than others in the middle class. With a $4 million stock portfolio, we intend to retire at age 58. Never have we ever sold even one share of stock...
I have not written this sort of comment before but I feel compelled to. From the your comment, I instantly knew that you have good technical understanding, and experience of investing!
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....
@@Tsunaniis-j5l The fact that the market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@@MakeamericaGreatagain-h7j Do you mind sharing info on the adviser who assisted you? been saving for pension since age 34 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively.
@@MakeamericaGreatagain-h7j Thank you. I just checked her out now on the web and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Listen to this young woman! She has it going on. We did it only working blue collar jobs. If we can do it, anyone can. We are now “The Millionaire Next Door.”
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Y’all really gave the Ramsey Show a blessing by bringing Jade on. She has that same fire that Dave has and such a similar level of bluntness to really stick the wisdom in the heads of even the densest of us. Love this duo!
Jade is quite possibly the Ramsey "personality" that most represents the Ramsey brand. She carries Dave's message as well as he does. She was an amazing addition to the team.
@@Happiness379I guess he meant she's now longer an addition but a member. That's like calling the Doctor in psychology in 2023 the he is a great addition
I've been very stupid with my money...but I've learned my lesson and have gotten rid of a lot useless expenditures. I'm saving a lot of money compared to before.
Really, it's a pretty simple formula. And, it works. People want to hear the get rich quick schemes, but Dave describes the way you get rich quick enough.
Another great content. You and Gary Joe Wilde are highly recommendable investing pros every investor who wants to get rich investing must know or work with Unfortunately, don't know why Gary deleted his video channels. He is very advanced and experienced in the field.
Thank you Dave. Followed your plan. Read your books. Everyday Millionaires made me realize I wasn't done. Within 8 years I have rental houses paid off, beach house paid off, primary residence paid off and love being generous. Needed to upgrade my 2009 Honda so i searched and found a 2014 with only 19k miles in mint condition for only 16k. Got over a million dollars net worth but didn't feel like buying a new car. After all....its a depreciating asset. Retiring with a Roth, 403b, and a pension. Best of all I love being generous. I should add that my son told me about you in the summer of 2013. I listened to podcasts for a little until I went over on my phone data. I paid off my car early in Dec.He passed away Jan 2014 due to a medical issue while getting his PhD. My heart broke. And I had 3k in a home equity loan to my name to conduct a memorial service. Kept it together (somewhat) kept reading your books over and over. Downloaded your podcasts wherever I could find free wifi. Learned how to be a landlord, all the rules!! And lived on envelopes. Didn't stray. My son worried about whether I would be financially okay as a teacher. Well, I am. And I am an Everyday Millionaire. I still have a budget. I thank him for telling me about Dave Ramsey. You gave us a lot of conversational topics between a mom and a son. He loved finance and so did I. And we both love the bible.
As a holder of a Diploma in Management - Motivation is the driving force within - not to be confused with Incentive, which is reward for effort. Most struggle to tap into their driving force, first you need to recognise what it is, then you practice that feeling until you can trigger it almost every time - but you need to be in the right frame of mind to do that. Debt hangs over you - get rid of it.
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite demanding for the average person. In fact, they are typically executed successfully by professionals with extensive skills and knowledge required to manage such trades effectively.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Rebecca Nassar Dunne 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..
Thank you for sharing, I must say, rebecca appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
This is the best episode mainly for the flame and spark analogy. I’ve tried to support so many that are sparks. This has allowed me to set aside that much more.
Took us approx 15yrs but we endured the 2008 recession during that time. First mil takes the longest then becoming multi-millionaire builds on momentum. Everyone can do it at their own pace. Good luck 🤑
Step 1 Save $1,000 (30 days) Step 2 Payoff ALL Debt (But Not Your House) Step 3 3 - 6 Months of Expenses Step 4 15% Invest in Retirement Step 5 Save for Kids College Step 6 Payoff the House Step 7 Build Wealth & Give More
My company took a hit in 2008 and went under in 2011. I lost everything. Was 48, I purchased a $5000- 34’ boat and we lived on it for a few years, saved and bought a piece of land, put a camper on it. Lived there until this year, we just finished building a house on another property we purchased and have no mortgage at 61, and our net worth is close to 2 million. We went a few years once without going out to dinner!
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 commitments.
Im 18 and just got my first job and I’ve always talked about being rich and getting my family into a good neighborhood, I’m making sure I don’t regret anything I do with my money and have been super careful on what and where I spend it
Getting out of consumer debt was the most life changing act my husband and I ever did. It is hard, but I cannot overstate how much our quality of life improved and our stress level reduced. We then focused on our mortgage and paid that off in 2022. It amazing how much money you have to invest and grow with when those burdens are gone. It is so worth it - but all hard things are. Being in debt holds you back.
I paid off all my debts along time ago since then I have been saving 5000 a quarter at the end of the quarter I invest in the stock market I am even tempted to buy some rentals
I love it. I am now on step 4,5,&6. I sleep better and love life more that all I have is a house payment. It took years investing in my career and learning discipline to get here.
6:56 almost started crying 😭😭😭 was wondering how tf she said that without crying.. but then her voice cracked a bit and I got even more emotional 🥺♥️ love that woman!
I started over in 1997 at 47 years old and $387,000.00 in debt. (That’s four hundred thousand in round figures.) I’m not a doctor. I have an associates degree in drafting technology. I retired in 2014 at 63 years old with a net worth of just over 1.5 million. That’s not 12 years but it was just 16 years. Incidentally, now, at 73 years old I am still retired and my IRA is worth more than it was in 2014. These simple principles work folks. Do FPU. Just follow the instructions.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@@briancallahan5673 I’ll respond the same way I respond to my kids “I’m not a bank lol!” But if I can do it anyone can do it. I grew up middle class, there was no extra $ around. I wasn’t trained in money principles but that all changed after being introduced to Ramsey.
I love what you said about having a long term view so much. Being in the market, even if it's the S&P, demands a lot of patience. I'm not close to being a great investor, but having a long term view has definitely helped me profit significantly, more than 400% in the last five years.
I agree. Patience, coupled with a strong investing skill, could make significant returns. If you don't have the skill, hire someone who does, and wait it out. I've made so much from following this very simple strategy.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. I have been working with Sharon Louise Count, and she's really, really good. You could check her website out.
Sometimes I hit replay multiple times to hear Dave yelling especially at 2:17. 🤣 There are so many Dave rant gems in this video and I love it. Keep it up!
Thank you, Dave. Been following you and the baby steps 1-3 faithfully. We just paid off our house late last year, and it feels great to live in the freedom of excess abundance. I encourage anyone who is in debt to listen to this man. God bless you and your team, Dave.
Following Dave's plan has changed our family's whole financial trajectory. ❤ The title of this video made me laugh because I've told people that our timeline is +/- 10 years and they act like that's a really long time and I always ask them if they would rather be a millionaire in 10 years or not a millionaire for forever. 😆
Dave’s plan is what my grandmother used to tell me to do back in the early 80’s. Wait, I believe Dave has said the same thing. It’s not rocket science people. Spend less then you make, and put some money to the side along the way.
Start making good financial "habits" and then it's not a "motivation", but your lifestyle. Having said all of this, I've done the plan for 14 years and I'm nowhere close to a millionaire in net worth or any other worth. I've also figured out that "millionaire" isn't the goal, the goal is being able to set up your life so when you retire, your life doesn't HAVE TO drastically change.
Listening & watching the Dave Ramsey show everyday motivates me to stay on track with the baby steps! Then, with every step I cross off the list, it motivates me even more to stay on track for my financial freedom & financial independence.
Same here. I am listening, watching, and reading his book. Without application, you will stay the same. I am paycheck to paycheck, but it helps me be responsible.
I'm 38 and my net-worth is about $800k. My house is 400k obviously paid off and 400k in equity. I only recently started making 80k/yr before that 50-60k. I drive a 2004 Honda Accord, I have 3 pairs of shoes, 3 pairs of jeans, and maybe 5 shirts. Never had a Starbucks coffee in my life.
I'm up to where there is no debt and the emergency fund is in place, but I don't own a house. I'm not following where buying car and house down payment fit into the steps, is that done with whatever is left after saving for the 15% or is this done before the 15%?
Even though I am aware that investing for the long term is the best strategy, I have come across many people who have discovered a technique to manipulate the market right now and make up to $350,000 in profit in a matter of months. What strategies may I employ to get this level of profit?
Your stock investing strategy is excellent. I've been hesitant to enter this market since knowing about a man who made over a million dollars from just $300k since the epidemic, but I now believe the moment is perfect. I'm now interested in the strategy and techniques he used to achieve such a huge profit.
@@CrystalJoy-32 Since I have a variety of jobs, I don't have a particular fund that I invest in. I don't act like that at all. I take cues from seasoned financial advisor Julie Anne Hoover, who is registered with the US Securities and Exchange Commission, in how I conduct myself (SEC). Since then, in contrast to the IRA's slow growth, my returns have increased quickly. What I have is used just by her trades, not by a small number of highly specialized companies.
@@Blitcliffe That's incredible! If she is this talented and has A-list talents, I want to speak with her. I also use a MAM account to duplicate transactions, yet I continue to lose 20% of the time. Where can I get her contact information?
@@Harperrr.99 I was able to comprehend profit creation better thanks to my instructor Mariam Sandra Milner'. By searching for her online and going to her page, you may contact her.
@@Blitcliffe Mariam Sandra Milner' to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, which means she will act in my best interests. So I scheduled a session with her.
When she said no money for groceries and not being able to visit a loved one in the hospital hit me hard because I've been through that myself and it REALLY sucks, it's a horrible shitty feeling that I don't ever want to experience again.
My favorite quote is "Motivation has an expiration date. When motivation dies, discipline must take its place. Because when motivation dies, you're left with talking and not doing."
Discipline is simply the ability to motivate yourself. Your blood has an expiration date. Your bone marrow is always creating new blood. Your bone marrow is discipline. Your blood is motivation.
Early 40's I was worth nothing. Now early 60's, and debt free and worth about $1.6 million. If I can do it, anyone can do it.
Anecdotal.
@@15KHPCLUB Nope
That’s what I have tried to tell people at my work,they don’t really listen or have discipline to change
@@15KHPCLUB Yeah they never mention cost, income, if they have another source of income...... All those factors matter because people who make too little just don't end up millionaires with too little nor no income.... If what this person wrote is true is very likely an exception and not repeatable without certain conditions.....
@@donaldlyons17 Yeah I just did the TVM calculator for that scenario to even make sense.
In order to achieve that $1.6M number in 20 years, you need to be contributing an average of $40k/year earning historical average returns of 7-10% without factoring inflation.
Which means you need to be at least a 6-figure earner and live EXTREMELY frugally which very few people earn and even fewer will actually do since living that way is boring and miserable.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
Hope you don't mind if I ask you to recommend this particular professional you use their service?
Her name is Vivian jean wilhelm can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
The deeper your investment roots, the stronger your financial security will be in the future.
Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
I would love an introduction to an adviser who can help me strengthen my financial roots.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes to off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I totally agree; I am 60 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
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
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Her name is Amy Desiree Irish can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Just paid off my house two days ago…I’m debt free!!! Finally!!!
Congratulations
Feels good doesn't it!
@@lewisjeffreys9175 feels really good
🎉congratulations. You've removed the debt ball and chains.
I am praying I will pay my house off Dec 2024😊
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
In my view, smart investing is not just a method for generating passive income but also a strategic way to save for future financial needs. Those who don't make sound decisions early on often find themselves regretting it later. However, investing can be complex and risky when done alone. That's why I strongly suggest seeking guidance from a professional. The key is not simply absorbing information from videos or books, but applying that knowledge wisely in real-world situations.
Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. Luckily, since the rona-outbreak in 2020, I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Rebecca Nassar Dunne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Here's the mind blowing fact thought.. It's not hard. Invest in ETF's i.e. S&P 500 and Nasdaq.. DO NOT SELL at any point (that's the most difficult part for so many investors trying to time the market)... If you invest monthly, I would say with some strong conviction you will be in a really good place. Investing should be boring and rudimentary and when there are dips/pull backs, look at it as though the market is on sale. Continue this and you will be in good financial shape.. Do not sell and do not try to time the markets
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
There are many financial investments to pick from.
Common financial investments and accounts to save up for future investments in education, retirement and other financial goals are the best.
It is important to know when to invest and how to open an account or buy a financial investment.
According to TIMOTHY ERIC MEEK an expert, there are many smart financial investments to make your money grow. Depending on your financial goals, how much money you could invest and how long you can hold an investment, you will have to consider different levels of risk and returns when combining assets into your portfolio.
I believe he acquires great tools to save up for future investments in retirement and education.
The easiest way to buy stocks is through such a reliable financial advisor.
You make an excellent case! . I’ll add 1 more point… Seeing my monthly dividend income grow is EXTREMELY motivating to continue investing . Buying growth makes sense intellectually, but during a bear market, watching my growth portfolio shrink…the motivation isn’t as high as it is for dividend investing. A lot of this is psychological!
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Started with $73k in debt in October, by next month will be down to $42k 🥳 it sucks in the moment and life is not fun right now, but you can do it!
You might be done this year!
Great work!
Well done
Wow amazing! I have $96k and I’ve been afraid to start but your progress had motivated me ❤
That's what's up. Keep going😊
Jade is the best personality they've added in a really long time.
Learn to cook, stop eating out all the time, saves a ton of money. underrated skill
Learn to fix your car and do basic maintenance, basic plumbing, electrical, flooring, painting...are also within the ability of most folks. We are just too lazy and that is the downfall.
Just started developing this skill about a month ago and not only are my pockets more full, so is my stomach and my happiness
Then when u save a bunch of money instead of going out you go to a nice grocery store get some high quality ingredients and it will taste better then a restaurant
Agreed. This saved me a lot of money, and helped me lose 140 pounds
Nah. Eating is only expensive in western countries.
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Rachel Sarah Parrish is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I wish they taught investing at school level. There is so much advantage to doing this!
My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@MichaelGabreil It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
@@ClemonSteve luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@MichaelGabreil I pasted the name into my browser and her page popped up as a top result. appreciate you pointing that out
A godly man is who leaves inheritance for his children's children.
That's a good goal, thanks Dave.
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I' ve got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend.?
As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed shortly.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Sure, the popular *Jennifer Leigh Hickman* is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment..
Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
I started working with Julia Hope Marble back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record. She was my hope during the 'bear summer' last year.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
I've seen different people talking about this Linda she must be very amazing for people to talk this good about her. how can i reach her?
she isn't hard to find, just search her name on the web so as to get more info about her
Jade’s energy is contagious!! ❤. Uncle Dave finally got his match 😂.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Rachel Sarah Parrish is the licensed coach 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 caII.
Started really taking Dave's plan seriously around 2017. It's happening. Trust the process. The minor delay in gratification will be amazing when I am where I want to be. My future will be so much better than what it would have been if I just "YOLO'd" or whatever. So thankful for Dave.
can I actually do this plan only making $50k a year? dave has said in previous videos that my kind of income is “making no money”. I can’t go out and get a 6 figure job tomorrow. so is this even possible making $50k annually?
@@ihateallyall yes. Adjust expenses to your reality
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree-it can withstand storms and still grow strong
That's great advice! Julianne Iwersen Niemann's perspective on investments as a long-term growth strategy, much like a well-planted tree, is a solid analogy. A good investment strategy should be resilient enough to endure market fluctuations while still growing over time. It's essential to have a strong plan that balances risk and reward, much like cultivating a tree that thrives even in tough conditions. Working with a seasoned expert like Julianne can help ensure your financial decisions lead to sustainable growth.
Mind if I ask you recommend this particular professional you use their service? i need all the guidance I can get.
Her name is. 'JULIANNE IWERSEN NIEMANN’. 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 an online search on her name and came across her website; thank you for sharing.
I modified step one. As a single mom, I didn’t feel comfortable with only $1000 for emergencies. I felt more comfortable with $2500. After that, I paid off ALL of my debt. I’m working on step 3a and b. I’m building my emergency fund and saving for a down payment for a home.
I surprised my coworkers a while back. We were talking about living paycheck to paycheck. I told them that I didn’t live paycheck to paycheck. They were surprised. The woman with one income is better off financially than her friends who have two incomes. I inspired one of my friends to get rid of her debt. She’s working on it now.
BTW, I don’t receive spousal support or child support. I want my daughter to see that women can be financially independent and responsible.
You’re setting an amazing example for her!
So proud of you!
@@2012PAMS Thanks.
Yes, given inflation, $1,000 would barely cover most small emergencies. $2500 is a good starting point emergency fund 👍🏻
Keep it up! Best of luck to you ❤ Great mom right here!
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” 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
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?
Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I just checked her out and I have sent her an email. I hope she gets back to me soon
Listing your debt amount and watching it reduce is effective. Excitement as you check off each debt is exhilarating. Paying off all debt is amazing... Joy and freedom!!!
💯
wrong you need to play lottery and gamble
You are 100% RIGHT! It is an amazing feeling and I love it!
I’ve noticed irrespective of the economy up and downs, inflation, and a host of others, the fin market still accounts for a lot of individuals becoming millionaires, its crazy because I know a lot of dedication is required, I’m wondering are there any shortcuts to it or perhaps smarter approach.
You’ve got to become a life long learner else you won’t make any profit. Study more it really does require dedication as you said.
Shortcuts NO, smart ways I’d say yes, you should know experience and skill has a lot to do as regards remunerative returns, I employ the services of an FA, saves me the time and ensures my portfolio positive growth, After I surpassed a $million I realized I should have gotten on it sooner.
Any possible way of getting with your fa, would appreciate.
I’d say do your due diligence on Kevin Mikan, he’s top notch.
had to check google to be sure, great resume he’s got.
My wife and I love the energy of Dave saying "YOUR BROKE" - we hear it in our heads every time we're making purchases 👌
I'm. Personal trainer and often tell my clients "it's discipline you need and motivation is the byproduct". Pretty darn confident I'm a flame 🔥. Love it guys 🙏
Jade is an awesome addition to the team 🙏
JADE = Finally a personality worthy of being on this show!
I think the stock market will do well in 2024, so I'm thinking of putting $220,000 into stocks for my retirement. Any advice on doing this safely? Also, any important tips for the current financial situation?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I like her energy! Reminds me of some of the best coaches I played for
cause she's been there, done that
AND AND AN AN AND AN AND
Ive listened to dave for years and i love it, but Jade’s motivation rant was one of the best moments ive ever heard on this channel!
Dave is amazing. How to build wealth. ‘’Do This.”
To attain wealth, the very first step is figuring out your goaIs & pIans, with the heIp of a financiaI pIanner and following through with InteIIigent pIans, you will gain attain in no time wealth and as weII enjoy the benefits of managing your money.
My decision on my finances was a great one (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.
Elizabeth Green Hunts
Get to her.
Good I got here. Big Thanks
Many needs this info, good stuff.
This is the best combination, love these two together.
They’re absolutely right. It’s difficult, but what’s even more difficult is knowing that my parents don’t even have enough money to be properly buried when they pass. I will never leave that burden on my own kids, never. It’s heart-wrenching.
Consider that fewer and fewer people are choosing burial and a traditional funeral. Cremation and a lovely reception at home, a hall, or a restaurant banquet room is a respectful tribute.
You have no responsibility to bury your parents, so there is no reason to feel burdened. You can choose to burry them, as I would, but there is no requirement to do so. People get responsibility and charity mixed up emotionally. If I didn't have the financial means to bury my parents, I wouldn't; and I wouldn't feel bad about it.
@@diggernash1 Bible does say: honor your father and mother.. so that would be honoring them.
@@lala-cl2gn You are conflating Biblical principles with secular law.
My two brothers and my sister and I contributed to my mother's income from the time my father passed until she passed away, over twenty years. I was happy to do it, but we all had good jobs and were pretty good with personal finances so it wasn't that hard for us. If you can't do it, you can't do it.
I began to follow Dave's plan in the fall of 2018 and by the end of 2020 I had pretty much completed the steps. I'm on track to be a millionaire in less than 12 years
Jade is the best personality to grace this show after Dave himself. What a remarkable woman!
💯 %
Yes!!! Feel her passion
Just turned 20 & I’m about to be debt free & have my emergency fund by the end of the month. I feel grateful to have people in my life that showed me your seven steps & are leading me to financial freedom. My peers are spending money partying & going on vacations, & it’s hard not being part of all the fun, but I want to be a millionare 💪🏼
I spent the last 10 years NOT doing Dave Ramsey and look at me now!
I'm in debt and have no emergency fund. We're starting the Baby Steps because wtf am I doing with my life?!?!
I'll update later👍🏼
Any update?
@naminakata182
Honestly?
Haven't gotten anymore debt.. but haven't saved jack squat. I did not do the Dave Ramsey. Lol
Inflation, incredibly expensive health insurance bc i have cancer check ups every 6 months now (from every 3 months Thank you God) and an increase in property taxes due to me not knowing how to protest tax appraisals (we bought a home in 2020 when I first got diagnosed so it was an impulse.. I didn't want to die in a rental) came at the same time several raises at work came so at the very least we are in the same place financially as we were 7 months ago.
However..
We fixed our own roof leaks.
We built a new massive chicken coop bc I'm starting a market garden to make money from home.
We built a huge chicken "shelter" that cools them in the horrible summers we have and keeps them warm in the winter. (Less stress means more eggs.. more eggs more money)
We took a senior dog to the vet and found out he has Cushing's and that was pricey. His meds are pricey but he still had a good quality of life an he we aren't putting him down until that changes...
We did not in fact do the Dave Ramsey. Lol
However...
We don't add to our $6k debt.
Our debt is small but we needed that money to get through the rest of the year instead of paying off debt.
Good news is that we are primed to do better in 2024. (God willing)
*I protested my tax appraisal and got it lowered. Which lowers property taxes
*I am cutting this awful health insurance and it saves us $700 a month. Gonna shop around.
*In Texas the Homestead Exemption went up from $40k to $100k so that will help A LOT
*the raises at work were only in the last few months of the year so it will reflect more next (this) year.
I still believe in the Dave Ramsey plan. It helped us buy our home in 2020 lol we did Dave ish lol
We just went thru some emotional mess and chose comfort instead of doing the right thing financially.
But 2024 is different.
Building a small business and paying off debt and saving for the 3 to 6 month emergency fund is my goal for 2024.
And that's my life story...
Will update later lol
How are you getting on…..
Any news?
I literally posted my whole life story and it's just not showing up lol
So here goes again..
Long story short I did not do the Dave Ramsey... but I didn't get onany more debt.
Cancer bills and bouts of depression made me just comfort myself.
Spent money on farm animals bc I'm just comforting myself.
Husband had some amazing raises.. at the same time inflation kicked in. So we broken even.
Vet bills for a dog with Cushings disease.. not cheap but I joined a Cushing group on fb and it saved us thousands..paid cash no credit
Fixed our leaking roof ourselves..
Fixed plumbing issues ourselves.
Built a massive chicken coop... cash no credit cards..
Built a goat house from scraps.. no credit cards..
Fixed cars with cash..
Husband and I actually did the Dave Ramsey 1 year before I was diagnosed in 2020 (am in remission so I thank God for that) and I was given a poor prognosis at the time so I said let's hurry and buy a house bc i don't want to die in a rental.. so we rushed into a house without an emergency fund so that was smart...(it wasn't but we have a house that was priced before the spike.. so thank God for that)
We went back $6k in debt again when we first moved into the new house I was 2 months out of surgery and still healing.. so many things went on the credit card. Unfortunately
Do not recommend lol
And all of this on my husband's job alone as I do not work..
I should be working but we have one reliable vehicle
We have farm animals.. just goats and chickens.. so my hobby will be making us money.
I sell eggs and I'm going to be building my garden this year hopefully and turn it into a market garden.
A lot of bad financial decisions on my part bc if I'm honest.. I'm still emotionally healing from cancer 2021 and what it did to me.
But I just thank God that im alive
So I'm slowly coming out of that funk and finding hope again
With that hope I'm going to be job hunting or putting more work into the homestead to create a business.
That and actually doing the Dave Ramsey baby steps now that we ate in a better frame of mind
One of the things people have to learn is to stick with it even when there are little problems.
That is why I like the debt snowball it recognizes that people need to have wins quickly or they will quit.
Dave is dressed like a NYC finance bro🤣
@@The6Foot4Asian finance auditors dress like that everywhere.
Exactly. This is why the snowball method is preferable to paying off the debt with the highest interest rate.
I have over $15K in credit card debt and 24K in auto loan. I'm starting these baby steps. I'll be debt free 🙏🏼
Good luck, but hopefully you won't need it, just follow the simple plan 😊
Don't forget that Charlie Munger and Warren Buffett invented the idea of investing and buying at both market highs and lows. As Warren Buffet noted, he has witnessed this occur frequently during his life. I'm not a trader. Never did my husband and I make more money than others in the middle class. With a $4 million stock portfolio, we intend to retire at age 58. Never have we ever sold even one share of stock...
I have not written this sort of comment before but I feel compelled to. From the your comment, I instantly knew that you have good technical understanding, and experience of investing!
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....
@@Tsunaniis-j5l The fact that the market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@@MakeamericaGreatagain-h7j Do you mind sharing info on the adviser who assisted you? been saving for pension since age 34 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively.
@@MakeamericaGreatagain-h7j Thank you. I just checked her out now on the web and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
My financial life has completely changed all thanks to Mrs Amanda awesome trading strategies!!!
Mrs Amanda The Bitcoin Trader is legit and her method works like magic I keep on earning every week with her new strategy
Wow I'm iust shock someone mentioned expert Mrs Amanda thought I'm the only one trading with her
She's really amazing with her skills...she changed my 0.5btc to 2.1btc
She helped me recover what I lost trying to trade my self.
Listen to this young woman! She has it going on. We did it only working blue collar jobs. If we can do it, anyone can. We are now “The Millionaire Next Door.”
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
Y’all really gave the Ramsey Show a blessing by bringing Jade on. She has that same fire that Dave has and such a similar level of bluntness to really stick the wisdom in the heads of even the densest of us. Love this duo!
Agreed!
I’m tired Dave 😂 but determined… single mama of 4…a night pediatric nurse… a career coach.. and have a clothing boutique whew!
But determined! 💪🏾💪🏾💪🏾
Ride on, sister!
You go girl🥰 🔥
@@agamaya6458 aww thank you Queen!👑
@@midkort 💪🏾💪🏾
Love Jade. She’s the real deal. Her getting choked up describing her personal hardship wasn’t acting, that was recalling the pain. 👍🏻
Meh, annoying
Right!!! Good job Jade
What a great testimony! You could see her reflecting.
Jade is quite possibly the Ramsey "personality" that most represents the Ramsey brand. She carries Dave's message as well as he does. She was an amazing addition to the team.
Like Dave, she has been down the hard road. It shows.
Was? She’s no longer with the team?
@@Happiness379I guess he meant she's now longer an addition but a member. That's like calling the Doctor in psychology in 2023 the he is a great addition
I love Jade!❤
First time I've seen her and I'm impressed! She scolds like boomer Dave does and I love it.😂
God bless you two. I’m 21 and starting my journey at baby step 4, thank you for lighting the flame!
Jade is telling the facts. And Dave is loving it. Lol.
Exactly how I like it - no sugar coating, just straight and honest. I’m sick and tired of the pcc culture
For everyone thinking “being a millionaire isn’t enough these days”
It’s better than the alternative. Good luck people!
@@Austenfan177
Yup.
Ask any Millionaire Next Door.
Yep, you gotta love people with fatalistic attitudes, because they certainly don't love themselves.
That depends on the alternative. I am thinking about the alternative of being a decamillionare. Obviously it is better than being broke.
“i wanna to be a billionaire so fuking bad, buy all the things I never had”
@@deltapromasterlauj4848 Well yeah, so does everyone. I hope to get there at some point. But that is called a dream, not a goal.
I've been very stupid with my money...but I've learned my lesson and have gotten rid of a lot useless expenditures. I'm saving a lot of money compared to before.
Dave's plan is more psychological then monetary ... and that's what people need
you can have more money, but if your mind is out of place you'll still going broke at the end.
This indeed
Love how Dave always takes it back to the foundation with the Baby Steps
Really, it's a pretty simple formula. And, it works. People want to hear the get rich quick schemes, but Dave describes the way you get rich quick enough.
Wow! That was an awesome Ramsey Solutions tag team rant!
I love Jade's energy!!!
Another great content. You and Gary Joe Wilde are highly recommendable investing pros every investor who wants to get rich investing must know or work with Unfortunately, don't know why Gary deleted his video channels. He is very advanced and experienced in the field.
In all honesty I prefer Gary's trading method exactly what i wanted
Chris and many other older advisors often talked about him in their early vids. Got to know he mentored many of them.
Thank you Dave. Followed your plan. Read your books. Everyday Millionaires made me realize I wasn't done. Within 8 years I have rental houses paid off, beach house paid off, primary residence paid off and love being generous. Needed to upgrade my 2009 Honda so i searched and found a 2014 with only 19k miles in mint condition for only 16k. Got over a million dollars net worth but didn't feel like buying a new car. After all....its a depreciating asset. Retiring with a Roth, 403b, and a pension. Best of all I love being generous. I should add that my son told me about you in the summer of 2013. I listened to podcasts for a little until I went over on my phone data. I paid off my car early in Dec.He passed away Jan 2014 due to a medical issue while getting his PhD. My heart broke. And I had 3k in a home equity loan to my name to conduct a memorial service. Kept it together (somewhat) kept reading your books over and over. Downloaded your podcasts wherever I could find free wifi. Learned how to be a landlord, all the rules!! And lived on envelopes. Didn't stray. My son worried about whether I would be financially okay as a teacher. Well, I am. And I am an Everyday Millionaire. I still have a budget. I thank him for telling me about Dave Ramsey. You gave us a lot of conversational topics between a mom and a son. He loved finance and so did I. And we both love the bible.
As a holder of a Diploma in Management - Motivation is the driving force within - not to be confused with Incentive, which is reward for effort. Most struggle to tap into their driving force, first you need to recognise what it is, then you practice that feeling until you can trigger it almost every time - but you need to be in the right frame of mind to do that.
Debt hangs over you - get rid of it.
You guys were on fire in this segment. Very inspirational stuff. 👊
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite demanding for the average person. In fact, they are typically executed successfully by professionals with extensive skills and knowledge required to manage such trades effectively.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Rebecca Nassar Dunne 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..
Thank you for sharing, I must say, rebecca appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
I love flame vs spark analogy. I shared this video with my kids. Told them this is the best advice when you are on your own.
Love her intensity! She is 100% right
This is the best episode mainly for the flame and spark analogy. I’ve tried to support so many that are sparks. This has allowed me to set aside that much more.
Took us approx 15yrs but we endured the 2008 recession during that time. First mil takes the longest then becoming multi-millionaire builds on momentum. Everyone can do it at their own pace. Good luck 🤑
Step 1 Save $1,000 (30 days)
Step 2 Payoff ALL Debt (But Not Your House)
Step 3 3 - 6 Months of Expenses
Step 4 15% Invest in Retirement
Step 5 Save for Kids College
Step 6 Payoff the House
Step 7 Build Wealth & Give More
My company took a hit in 2008 and went under in 2011. I lost everything. Was 48, I purchased a $5000- 34’ boat and we lived on it for a few years, saved and bought a piece of land, put a camper on it. Lived there until this year, we just finished building a house on another property we purchased and have no mortgage at 61, and our net worth is close to 2 million. We went a few years once without going out to dinner!
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 commitments.
@Ingridlourd02 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@Ingridlourd02 You are welcome .
Im 18 and just got my first job and I’ve always talked about being rich and getting my family into a good neighborhood, I’m making sure I don’t regret anything I do with my money and have been super careful on what and where I spend it
Getting out of consumer debt was the most life changing act my husband and I ever did. It is hard, but I cannot overstate how much our quality of life improved and our stress level reduced. We then focused on our mortgage and paid that off in 2022. It amazing how much money you have to invest and grow with when those burdens are gone. It is so worth it - but all hard things are. Being in debt holds you back.
I paid off all my debts along time ago since then I have been saving 5000 a quarter at the end of the quarter I invest in the stock market I am even tempted to buy some rentals
My baby steps just reduced to 6, I understand when people say is hard , listening to the baby steps continually helped. Stay motivated and keep to it.
I love it. I am now on step 4,5,&6. I sleep better and love life more that all I have is a house payment. It took years investing in my career and learning discipline to get here.
6:56 almost started crying 😭😭😭 was wondering how tf she said that without crying.. but then her voice cracked a bit and I got even more emotional 🥺♥️ love that woman!
I started over in 1997 at 47 years old and $387,000.00 in debt. (That’s four hundred thousand in round figures.) I’m not a doctor. I have an associates degree in drafting technology. I retired in 2014 at 63 years old with a net worth of just over 1.5 million. That’s not 12 years but it was just 16 years. Incidentally, now, at 73 years old I am still retired and my IRA is worth more than it was in 2014. These simple principles work folks. Do FPU. Just follow the instructions.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
thanks, was guided tho..Julia Hope Marble.walked me through the ropes majestically i'ts my ultimate pleasure.
Did it in less than 10! Thank you Dave!!
Can I borrow some????😊
@@briancallahan5673 I’ll respond the same way I respond to my kids “I’m not a bank lol!” But if I can do it anyone can do it. I grew up middle class, there was no extra $ around. I wasn’t trained in money principles but that all changed after being introduced to Ramsey.
Net Worth at a million OR your investments at a million?
@@marcusarelius doesn't matter. You're broke they aren't. Brokie got too much to say. YOUR BROKE
@@strongermind909 it does matter. And I did it in about 10 years as well…
I love what you said about having a long term view so much. Being in the market, even if it's the S&P, demands a lot of patience. I'm not close to being a great investor, but having a long term view has definitely helped me profit significantly, more than 400% in the last five years.
Time in the market is more important than timing the market. I can't remember who made that quote.
I agree. Patience, coupled with a strong investing skill, could make significant returns. If you don't have the skill, hire someone who does, and wait it out. I've made so much from following this very simple strategy.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. I have been working with Sharon Louise Count, and she's really, really good. You could check her website out.
Thank you for this. I'll send her an email to reach her, and I hope I'm able to make something out of it.
I'm just really enjoying Jade's comments. She's doing such a great job in her new job!
She, Ken and Kristina need to be a part of the next version of FPU.
Sometimes I hit replay multiple times to hear Dave yelling especially at 2:17. 🤣 There are so many Dave rant gems in this video and I love it. Keep it up!
Thank you, Dave.
Been following you and the baby steps 1-3 faithfully.
We just paid off our house late last year, and it feels great to live in the freedom of excess abundance.
I encourage anyone who is in debt to listen to this man.
God bless you and your team, Dave.
Following Dave's plan has changed our family's whole financial trajectory. ❤ The title of this video made me laugh because I've told people that our timeline is +/- 10 years and they act like that's a really long time and I always ask them if they would rather be a millionaire in 10 years or not a millionaire for forever. 😆
Great perspective!!
They wouldn't believe it am i right lol!
Long? I think it is a really short time, so short that I cant believe it
🔥🔥🔥 bars
Dave’s plan is what my grandmother used to tell me to do back in the early 80’s. Wait, I believe Dave has said the same thing. It’s not rocket science people. Spend less then you make, and put some money to the side along the way.
Start making good financial "habits" and then it's not a "motivation", but your lifestyle.
Having said all of this, I've done the plan for 14 years and I'm nowhere close to a millionaire in net worth or any other worth. I've also figured out that "millionaire" isn't the goal, the goal is being able to set up your life so when you retire, your life doesn't HAVE TO drastically change.
Jade is such a great addition to the team. I’m glad to listen to her.
Listening & watching the Dave Ramsey show everyday motivates me to stay on track with the baby steps! Then, with every step I cross off the list, it motivates me even more to stay on track for my financial freedom & financial independence.
how have you been doing it
Yes! What step are you on
Same here. I am listening, watching, and reading his book. Without application, you will stay the same. I am paycheck to paycheck, but it helps me be responsible.
Yep I listen for constant motivation too
Spark or a flame mantra is insanely powerful. One of the best speeches I’ve ever heard
I'm 38 and my net-worth is about $800k. My house is 400k obviously paid off and 400k in equity.
I only recently started making 80k/yr before that 50-60k. I drive a 2004 Honda Accord, I have 3 pairs of shoes, 3 pairs of jeans, and maybe 5 shirts.
Never had a Starbucks coffee in my life.
I'm up to where there is no debt and the emergency fund is in place, but I don't own a house. I'm not following where buying car and house down payment fit into the steps, is that done with whatever is left after saving for the 15% or is this done before the 15%?
This video has changed my life,God bless you Dave!
Even though I am aware that investing for the long term is the best strategy, I have come across many people who have discovered a technique to manipulate the market right now and make up to $350,000 in profit in a matter of months. What strategies may I employ to get this level of profit?
Your stock investing strategy is excellent. I've been hesitant to enter this market since knowing about a man who made over a million dollars from just $300k since the epidemic, but I now believe the moment is perfect. I'm now interested in the strategy and techniques he used to achieve such a huge profit.
@@CrystalJoy-32 Since I have a variety of jobs, I don't have a particular fund that I invest in. I don't act like that at all. I take cues from seasoned financial advisor Julie Anne Hoover, who is registered with the US Securities and Exchange Commission, in how I conduct myself (SEC). Since then, in contrast to the IRA's slow growth, my returns have increased quickly. What I have is used just by her trades, not by a small number of highly specialized companies.
@@Blitcliffe That's incredible! If she is this talented and has A-list talents, I want to speak with her. I also use a MAM account to duplicate transactions, yet I continue to lose 20% of the time. Where can I get her contact information?
@@Harperrr.99 I was able to comprehend profit creation better thanks to my instructor Mariam Sandra Milner'. By searching for her online and going to her page, you may contact her.
@@Blitcliffe Mariam Sandra Milner' to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, which means she will act in my best interests. So I scheduled a session with her.
Building wealth can be summed up in one word. Discipline.
This is the best Ramsey video I’ve seen in ages, keep it up!
Amen. I was thinking this when I heard it the other day. They had really lost their touch in recent seasons. THIS feels a lot like old Ramsey show.
When she said no money for groceries and not being able to visit a loved one in the hospital hit me hard because I've been through that myself and it REALLY sucks, it's a horrible shitty feeling that I don't ever want to experience again.
"if you don't find a way to make money while you sleep you will have to work hard until you old".
I advice everyone to start investing and never rely on just salary. No billionaire made it through salary
90% of millionaires right now are investors in the crypto market
@christianajoe8563It's not ignorance but due to some unprofessional broker in the market
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Learn and trade under a guide I do same and I hardly make losses in the market
My favorite quote is "Motivation has an expiration date. When motivation dies, discipline must take its place. Because when motivation dies, you're left with talking and not doing."
Discipline is simply the ability to motivate yourself.
Your blood has an expiration date. Your bone marrow is always creating new blood. Your bone marrow is discipline. Your blood is motivation.