Is It Possible To Invest Too Much?
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- เผยแพร่เมื่อ 21 ก.ย. 2024
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Of course you can invest too much. If you can't afford to live day to day withput taking on debt for gas and groceries you need to cut back!
My initial answer was “no, it definitely is not,” but you certainly managed to think of a case where it’s possible!
Edit: I’ve thought of another one: it’s possible to invest too much into vehicles locked into retirement compared to standard brokerage accounts. Depends on your circumstance.
How about always invest at least 15% in retirement.
Some homeless invest lol
@@nerad1994 15%.
@@nerad1994
That’s actually true especially the ones with zero debt. They probable have a higher net worth than most homeowners.
Many don’t realize just because a person is homeless doesn’t mean don’t work,get pension,social security,or passive income.
Not everyone drain and close their 401k and IRA because of job loss and becoming homeless.
Living in my car long ago didn’t stop me from having a savings and brokerage account paying dividend and interest.
He makes $90,000+ a year, and doesn't have $1000 in the bank for emergencies? How!?!?
I thought the same thing!
90k a year isnt a lot everywhere. In BIG cities, 90k is like making 30k where I live. Between my wife and I we make a little over 100k and live like royalty.
@@dontworry1568 I understand that, I think it's just surprising how many people don't even have a $1000 emergency fund....
He just started to listen Daved
@@dontworry1568
No big deal in Texas.
Not sure what living like royalty is especially when you have to work and have debt,mortgage,kids,etc…
Yes, depends on your end goal some people want to retire rich and some just want enough to live and leave a little bit for the generation after.
As long as you stay accountable to your emergency fund and budget....
Dave says in every video don't invest and clean up your mess first. How do you get through a whole course and not know that? We've paid everything off but the house. I'm just wondering if going through the course is worth it. When callers are asking for investment advice before cleaning it up. Then saying they took the course. All it took for me was the book and I got that at a yardsale for a $1...
Yea I watch these videos all the time and the message is pretty clear and simple. Yet, people call up all the time and have no clue what to do next, even though they say they have been listening for years. I dont get it either.
Why do you think they need to take the course to begin with? Because they’re dumb. And as Dave says, try as you may, you can’t fix stupid.
Tesla is down big time. Excellent time to invest I would say. MY weekend is good!
Appl to!!!!
Yeah 600ish now another once in a long time chance
Especially as they kicked them out of ESG fund... most hate esg and musk running counture narrative peoples company I think will benefit company in long run ... exxon Mobil is top 10 in ESG fund and tesla booted? Yeah ok
Now that Musk is officially redpilled and wants to talk about Hillary Clinton's Russia Collusion hoax all day online, progressives might shun Tesla. It may take a long time to recover its former value. It may never be the darling of hipster investment it was before.
call options
"No."
"THIS, is the Ramsey show"
Check to see where that match goes. I believe the match goes into the traditional TSP.
Yes I sure over invested. Then changed it up to a small monthly plan.
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̼T̼e̼x̼t̼ ̼o̼n̼ ̼W̼h̼a̼t̼s̼A̼p̼p̼✞̼︎̼✙̼➊➌➋➌➎➍➌➐➐➌❾🔥🔥🔥🔥
Can you really have too much money and cashflow? I would say no.
I think the point here is if you are investing to much and you are in debt or going into debt as you don’t have cashflow that is a problem
Keep hustling don’t give up
Great advise
The problem with the Roth TSP is when you withdraw, its proportionate to the non Roth. You can not withdraw just Roth.
Transfer just the roth tsp to a Roth IRA then you can manage it better.
You can always spend it later !
You can also retire in your 40s like I did.
I disagree with Dave.... never stop investing 15% in retirement. Then we r on the same page.... u work hard to pay off your debt. And never get a car loan, you pay cash and you get what you can afford
i want just dave
ur money is going to that DALLAS lifestyle homie
The ippposite is way more
Can’t believe gas is over $4 a gallon every where
6.50 in cali
I would love $4/Gal. California is pushing $7/Gal.
It’s not over $4 everywhere.
@@SCPVIDEOPRODUCTION in Denmark it's 21 dollars a gallon lol
@@jonathan6665 I'm betting Denmark has great public transportation though. And it's a pretty small country so how far are you gonna be driving?
Yeah you can invest too much. But no human will ever own the required amount of money to pull it off.
Maybe except from Klaus Schwapp.
Maybe
As a Canadian, all the acronyms are so confusing. What is TSP?
Retirement account
@@johnSmith-uz8nl what’s a Roth-IRA then? It all sounds very complicated.
IRA stands for Individual Retirement Account. A Roth version of an IRA is essentially contributing to your retirement account with your own money after taxes. As opposed to a traditional IRA or 401(k) where retirement contributions are taken BEFORE you are taxed. You can invest a lot more with a 401(k) and traditional IRA this way, but you will get taxed when you pull that money out for retirement.
The perk of a Roth IRA, is that since your money was already taxed from your income, when you go to withdraw at retirement, it's all tax free. There are perks to all of them.
@@melaniereynders I read that the equivalent of a Roth IRA in the U.S. is essentially a TFSA, and the equivalent of a 401(k) is RRSP. Feel free to message me if you have any questions. I don't have any spammy videos or links. Just trying to teach people how to be smart with their own money and hopefully good karma comes from it and you can pay it forward.
@@ryanreed34 that’s what I’ve read as well. It’s why I’m confused by TSP. Why contribute to a TSP when there are Roth-IRA and 401(K) as options? Why do they have a third option?
Does the ramsey team offer accounting/cpa services?
No but they have a lot of advertisers....
Limitless income
He sounds depressed
Lets go Brandon FJB
Grow up.
Fjb lgb❤
lEtS gO bRaNdOn.
if you make 94k before taxes, your monthy pay after taxes is a lot more than 5k 🙄
I make 81k and only bring home 4k a month. Between taxes, social security, and medicare, I pay 30k a year
Make 98k a year and my take home is 5500 a month. Taxes,ss,401k is right
@@skigod9 if you are going to add retirement plan, health insurance and those things to the equation then your math works. He said 94k before taxes which after taxes in that braket is about 5800.
@@obi-wantpastrami8745 That just means you are getting a pretty substancial check when you file your taxes every year. Otherwise, there's other places your money is going.
I'm retired and set my income at $90k for 2021.
Paid $13k in taxes.
At least get the match bro
Test
Wife needs to be working
1st 🤠
I recommend a tmps convrt to mpst. Then you get ymct right away.