Lol if your not rich you are gonna get into debt. It’s about managing your debt and making sure you don’t live above your means. Her car will be paid in three years or if she purchase the car 5 years. So no she has 37,000 in savings. And will have more since she can still save
If you are working it is savings. I have tens of thousands of dollars banked in a CD (for now) and some crypto. I consider that money untouchable for living. My only dept is a car loan that I pay monthly from my job.
I’m wondering, what’s the smartest thing to actually do with my savings. Just keeping it in the bank doesn’t feel like it’s working hard enough for me.
I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, 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 $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@FreuleinBey The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
A lot of people would see $37,000 in their bank account and think they are rich and it's time to buy a new car or a kitchen remodel. Good for her for thinking twice.
She's still in trouble because her first thought wasn't responsible. She asked about a down payment for their house together. Then she goes into details. 15k of that being used for school. Oh and then she's going to have to get a car because she's in a lease, which is due soon, so she's going to have to have the money to buy that car. And then oh yeah the person she's going to marry has more student loan debt than he's going to be making per year. Yeah...glad she asked, because her head was already in the wrong place.
Ricky same , I have 25k and don’t feel like I have much.. I like to keep 20k minimum in my bank for emergencies, so I have the mentality that I only have $5,000
i’ll never understand why people have such expensive weddings, unless you make well over 6 figures you shouldn’t be spending 40k or more on a wedding. Keep it nice and simple, invite only close friends and family.
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The time it takes to turn $500,000 into $1 million depends on your investment strategy and the rate of return. For instance, if you invest your money in the stock market and receive an average annual return of 7%, you would approximately double your money in about a year or less depending on your investment methods and advices . However, this is only a rough estimate, and actual returns vary widely from year to year.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed CFA whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
Thank you! I paid off my graduate student loans of $50k and my car loan, don’t expect anyone not even your wife or husband to take are of your decisions. Some fools out there say that if you’re married, it’s combined but only to their benefit.
Definitely agree. I paid off debt for my parents at one point but they were right back where they started after only a couple of years. 😔 Not doing that again, now I take care of myself first.
I’m 52 and just started my portfolio with around $480K. Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
*Jennifer Leigh Hickman* 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..
😂 that’s what most internet research on him tells people. I saved this video to watch later only because his name popped up and I’m curious if he’s really the guy you go to, write down all his advice and make sure to do the exact opposite to succeed! How can people keep up clear façades and half the world not only falls for it but they defend it and make bizarre excuses for it? I watched Biden stone cold asleep at some foreign dignitary meeting. They literally stared at him and stopped talking to see if he was snoring I believe and he never cracked an eyelid or responded to table chatter going dead silent! You know it’s gotten bad when you consider making excuses for the people that are making excuses! Thank god at least the next one going in with control over our tax money doesn’t have his own bank turning him into congress for tens of millions so far in deposits in 20 different LLC accounts from China, Russia, Ukraine and three other countries after favors and money is showered upon them! 😢the sad part is he’s been preaching that he never received a dime from China at every news opportunity “until” his bank turned him in. Suddenly for some reason he doesn’t bring that up anymore and the press that calls you racist for asking questions has quit asking him about it!?! They moved from racist onto calling the wall project to expensive? However, they don’t have any problems spending billions starting wars or supporting them. Maybe if the steel manufacturers donated a billion kickback to the DNC election fund “like the weapons manufacturers do” they wouldn’t bring up the cost!?! They’ll be throwing the wall cost up at every opportunity while being strategically silent about the next billion planned for one or the other wars on their stovetop! All political branches and parties have bad apples we need to remove. The DNC just has their hand on the trophy currently and the Biden family got so comfortable with doing whatever they want that it’s not even hid anymore!?! Joe admitted on national TV that he got the attorney general fired that was investigating his son accepting bribes and being the White House bag man. He said they challenged him and “SOB before I got on the plane he was fired” then immediately charged Trump with interfering with foreign government for asking if it’s true? They would loose a billion dollar grant at the time if they admitted Hunter got 5 million and Joe got 5 million out of the grant they received. Trump wanted to know if the Biden’s family was taking payoffs from around the world so Joe had to stop that! Anyone that doesn’t believe in a deep state, tell us what would happen if it were Trump’s bank telling congress he’s receiving money from around the world every time a U.S. White House favor is granted? Only talking cash here, the 24 million in cut diamonds from China is a new to us discovery but it’s not a new calendar event, only a new discovery. It’ll take a century to actually uncover what the Biden’s have buried. I’d just like to start with asking why the media stopped asking Joe about “cash only” bribes from China? …I’ll wait!🤔 The 24 million in cut diamonds can wait for another time!
Its ok...i have 8k in stocks and its real rocky right now lol. You should only throw money into stocks if you can afford it. If you lose it, it shouldnt effect you....its play money basically. Thats why i didnt go big at all
@@Beanz8907 what's your thoughts on the Roth IRA investments? It's hard to watch my contributions go in and then disappear when the market drops. However, I keep telling myself it's only temporary namd that I still own the same number or increased number of shares with my contribution money, but they are undervalued. I cant wait for the market to go back up and continue growing. I just believe until the Covid-19 gets under control, the market is going to be down and panicky.
MasterT91 i do both 401k and roth ira and i can tell you the markets are overvalued if the fed quits with the QE we will see a huge drop, but the market always trends upward don’t look at your value for awhile imo, how often do you look at your house value and think “wow i made 10k on that investment this year” no one actually makes the profits until the asset is liquidated
@@GHC3 I put into ROTH as well. Only 7% of my income goes into that a month. Like i said before....only invest with money you arent afraid to lose. Be patient....ride the waves, and continue to save and budget effectively as years go on and whatever happens to the stocks will happen. It makes me more comfortable knowing that i save close to 1k a month in general. Thats not even whats left over after all bills are paid. My money rolls over to the next month and i just stockpile more into my emergency fund. Easy peasy son
In today’s volatile market, diversify your assets with safe investments like HYSA, REITs, index funds, growth ETFs, and bonds. However, Before making any investment decisions, consider consulting with a financial advisor to tailor a plan to your specific needs and risk tolerance.
@@Hesse-Kassel Financial advisors can be expensive, but they’re crucial for success in the financial market, especially if you’re on a deadline. I was laid off during the 2022 tech cuts, but I used my savings to invest in the stock market with the help of a financial advisor. After doing some research, I managed to grow my portfolio to over a million dollars in just two years, thanks to my high risk tolerance.
@@FrankweilyI’m glad I found this conversation. My risk tolerance is high, and I want to take advantage of the upcoming market run. Can you direct me to your advisor?
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@BarbaraHarper-c1p 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.
Looks like she’s marrying into a financial crisis. He had debt he hasn’t touched on top of the him paying for the wedding. They don’t need a wedding. He needs use that towards his debt.
@@back2the80swhile that is true a wedding is often one of the best days of people’s lives. It was for me and don’t regret throwing a nice party for it.
You're either all in on the marriage (that means finances, debt, property, etc.) or don't get married. Your attitude will just create resentment. If you were that female caller I'd tell you not to marry the guy if you felt that way.
You're either all in on the marriage (that means finances, debt, property, etc.) or don't get married. Your attitude will just create resentment. If you were that female caller I'd tell you not to marry the guy if you felt that way.
I’m sorry but I’ve been penniless and it sucks. I have 25k saved --some in stocks the rest in cash in an emergency fund. I pay my monthly’s on time each month to keep my credit going up. Student loans and very very cheap car payment. No credit cards. I drive a lot as a result of work so a good car is a MUST!! I don’t see how spending every dime to pay off debt is cool🥺...I just can’t ever be penniless again. Nope! Can’t do it! Nope! Not interested! Eating at food banks and borrowing money for simple things, selling random house items on Criagslist-oh no I’m done with that. Having an emergency savings and seeing my money grow INSPIRES me to keep GOING. Working paying-saving. WORKING-PAYING-SAVING. As time marches on you will ultimately become more financially well!!
Tes West Agreed, Dave is all about paying off debt but I don’t think always that’s the way forward. My only form of debt is student loans and I’m not in any rush to pay it off because the interest rate is 2.8% meanwhile my index fund & individual stocks has brought me 9-11% return average. Umm, I’d essentially be losing money if I used my investing money to pay off my student loan. Ofcourse it’s important to me and I still pay above the minimum, but it’s not as crazy urgent as Dave makes out to be. That being said, CC debt and high car payments with crazy interest is best to avoid. Buy second hand cars, no new ones on finance. They depreciate the second you drive it off the lot. Literally the worst investment. Just a cash loss and only use CC if you know how to finesse it. No sense in racking up crazy CC debt, with high interest 🤦♀️. That’s not smart, all cash loss.
@@nzmanhdee6246 that's about as idiot a answer as I usually get . Take a plane. Use an uber .what if your job is more than with an uber than a car payment.
Whenever a man calls looking to pay off a fiancées debt, Dave tells them to get married and the misogynistic comments flood in, and people also call the man and Dave a simp. When a woman calls the tone shifts. I can understand that Dave May display a bias when talking about prenups, but he’s also a traditional person. When it comes to debt though, he is consistent. I think some people are just unhappy in these comments, or have been through a divorce and are resentful, or maybe you’ve just never found love to begin with. Regardless, you have to put yourself in the shoes of the people calling. If they get married it doesn’t make sense for one person to make money while the other lives pay check to pay check. If you combine household income, then you can also quickly tackle debt as a couple to move towards baby step 3, saving a couples emergency fund, house payments etc. I’d rather be a millionaire than worry about what other people think, especially people who are broke and have an opinion, as Dave would say.
They are simps and she should find someone at her financial level and frame of mind if anything. Nothing complicated here and nothing to be unhappy about. It’s just a comment section,don’t know them,and I don’t care what they do. Have my own financially sound debt free life enjoying this awesome year so far. These videos are just entertainment for me.
Since we're approaching April, one of the best months to buy stocks. I am currently holding north of $120k in a savings account waiting to invest in another huge opportunity.. Where would you invest this as of now?
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 strategies to hedge losses
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
That would be Heather Ann Christensen. You should look her up. I say, to be honest I almost didn't think I should have, but I'm glad I decided to let someone handle growing my finances.
You're going to end up paying 25k (12k over 3 years and 13k on buyout) on that stupid car. So you really only have 12k in the bank when you account for how much you've promised to pay on a stupid car
I payed cash for my car a couple of months ago. It’s cheaper if you pay cash and I don’t like owing people and I had the money and it wasn’t gonna hurt me at all. I did buy a new car that Dave frowns on because the price from new to used was about the same only a few thousand difference and I wanted a full warranty
I’m saying this as someone who got his schooling paid for but I can never understand how you can go to school and be 40k in debt and make less than that in a year.
I’m good with a car lease. Yes, you pay a premium, but only $5000 over 10 years. Used to buy cars and keep them 10 years, and I did this for 30 years, then after adding up all the car repairs and maintenance the net result was $5k more over 10 years. The benefit is you get a new car every 3 years with paid for maintenance and massive peace of mind.
1) emergency fund 2) remainder to debt 3) if there's anything left, index funds Honestly though, there shouldn't be anything for step 3 if you're making less than 6 figures. Should be maxing out your 401k first
I would do a bare bones wedding. A friend of mine got married for less than 5 grand planning their own wedding and doing a lot of the leg work themselves. The money they save can go toward their debts.
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.
Really I'm a living testimony of the forex market I switched off dividends and drop shipping, they're all dead. I wish I knew about forex trading earlier. My current trade of $4,300 profited $21,000 within 14days
just recently got laid off and it feels like i'm beginning from the scratch, i have been researching on investing and I came across an investor on an internet radio who mentioned making well over $450,000 in 3months with an investment of $230,000 I'm a beginner and i really would appreciate any insight or clue on how to make good results
@@charlesblanchard4065 As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional.
No, Samantha, you should not listen to Ramsey. Instead, try to postpone paying the debt off as much as possible because we are heading into massive inflation in a few years. Use your savings to buy tangible assets like gold, silver, and land as much as you can afford it.
Unless the woman wants kids in the near future, there is no point to getting married. Just be together and keep finances separate. The fact that guy hasn't touched his loans in a few years is a red flag. She should wait for him to progress his career and financial situation.
Besides the joining of assets and the tax breaks, marriage isn't always just a business transaction. Some people guinely love their partners and want to to start building together in marriage.
I drive a lot so so I lease over and over so I’m always under warranty and don’t have to worry about maintenance. I can’t believe he said to buy the car. Cars aren’t an asset, their a liability… that’s just me though
If you have the money, the peace of mind in Leasing may be worth it for you, sure. But owning a reliable car like a Honda or Toyota and driving it for 15 or 20 years would put you way ahead financially.
This is such a different world to where I live. I'm from Europe, and I've never had any debt (besides a mortgage), nor credit cards, and I'm 35. I also have MUCH more than 37K in savings. Dafuc are you guys doing on that side of the pond? Aren't you supposed to be wealthier than us? With the freedom and all that. We pay over 50% taxes here. And no, I'm not British. I said "Europe".
Edgard Ocampo “just invest”that’s what every genius in TH-cam comments says. They’re all multimillionaires apparently with their 2 shares of apple stock. They think you cant ever lose money by investing. It’s going to be an interesting few years. Invest lightly over time not all at once. Mutual funds would be a good option, or wait on the housing market to react to the economy downturn. Low interest rates will help with paying off a mortgage.
Edgard Ocampo You’ve already invested 12 years of your life going to school. Start putting it to use. Open a book and read. Do due diligence. Stop waiting for people to hold your hand.
I - as a man - would feel extremely embarrassed if my future wife were to help me pay off any pre-existing debt that I may have starting the day after getting married. If that dude carries such a heavy load financially speaking he is NOT then ready to tie the knot with anyone yet.
She wasn't planning on using $15k from her savings to pay for school, she was definitely going to finance it. I would've financed at least half and put the other half in CDs, mutual funds, or a high yield savings account. Leasing a car isn't renting if you buy it out at the end. It gets you lower payments over a longer period of time. Never pay cash for cars. You get a lower interest rate for financing with the car company and you can put the cash you didn't spend on the car in a high yield savings account and make money on it, putting you ahead of the game in the long run. Or you can take out a 401k loan and pay for the car in cash, get your title in 4-6 weeks after purchasing, pay yourself back 5%-6% interest, protect that money from downturns in the economy while you pay it back, and if you lose your job you only need to pay back the fine and taxes. This is the best option for purchasing a car, not cash from your bank account.
The couple needs to do marriage counseling and enroll in the Financial Freedom Class like yesterday. Someone is bound into the potholes that they are overlooking.
Can she just put up that money for the lease now? Just pay the year and a half of payments and buy out payment? I’ve never leased before (not planning on it either), so I’m not sure how they work when it comes to buying it out.
And you are not getting any credit cards to fund you living room set and he is not buying a new car because he just got married and its the thing to do.
Dave, I love ya, but ain’t nobody who’s gotta household income of 80K is buying a decent car in cash while also affording living expenses and putting money aside for savings and retirement. This isn’t 1994
Title this “I thought I had $37,000 in savings because I didn’t calculate my debt” 🙃
Until I calculated my debt...
Lol
Lol if your not rich you are gonna get into debt. It’s about managing your debt and making sure you don’t live above your means. Her car will be paid in three years or if she purchase the car 5 years. So no she has 37,000 in savings. And will have more since she can still save
If you are working it is savings. I have tens of thousands of dollars banked in a CD (for now) and some crypto. I consider that money untouchable for living. My only dept is a car loan that I pay monthly from my job.
I’m wondering, what’s the smartest thing to actually do with my savings. Just keeping it in the bank doesn’t feel like it’s working hard enough for me.
I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
I’ve heard of her! Doesn’t she offer a free consultation? I could use some advice on how to balance risk and growth without overcomplicating things
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, 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 $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@FreuleinBey That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well..
@@WilmaHochmuth My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@FreuleinBey The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
A lot of people would see $37,000 in their bank account and think they are rich and it's time to buy a new car or a kitchen remodel. Good for her for thinking twice.
Andrew Piazza $37,000 and thinking they’re rich 😂no wonder everyone is in debt.
She's still in trouble because her first thought wasn't responsible. She asked about a down payment for their house together. Then she goes into details. 15k of that being used for school. Oh and then she's going to have to get a car because she's in a lease, which is due soon, so she's going to have to have the money to buy that car. And then oh yeah the person she's going to marry has more student loan debt than he's going to be making per year. Yeah...glad she asked, because her head was already in the wrong place.
I have 30k in my savings and I feel so broke tbh. 😞😞
Ricky same , I have 25k and don’t feel like I have much.. I like to keep 20k minimum in my bank for emergencies, so I have the mentality that I only have $5,000
Orly Hdz that is exactly me right now. $20k is 0 for me and also have about $25k
i’ll never understand why people have such expensive weddings, unless you make well over 6 figures you shouldn’t be spending 40k or more on a wedding. Keep it nice and simple, invite only close friends and family.
Yep! I had all my family members mad with me when I married secretly, at 29 year-old, just to save thousands of dollars. Recommended.
All the money goes for entertaining the guests. It's only about $20 to get married at city hall.
@@JL-fo9rz 45$ for the license, the 30$ for the marriage vows
My wedding was 195$ total. Rings and everything!!!
That's what Cinderella and Cinderfella do because they must have the world see them do it big going down the isle
A finance manager has to decide to allocate funds into profitable ventures so that there is safety on investment and regular returns is possible.
The net profits decision also have to be made by the finance manager.
The volume has to be decided too, which will depend upon expansional, innovational, diversification plans of the individual.
Timothy Eric Meek always emphasis that funds should be invested in safe ventures so that adequate rate of return can be achieved.
That is the proper way to handle it, he is so experienced in this aspect.
Please how can i reach him
Dave said fleeced and she said yes it s a lease.
😂
I noticed that too, thanks for the validation.
Lol
Yep
😂😂
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Could you possibly recommend a CFA you've consulted with?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
How long will it take to turn $500 K into $1 million?
The time it takes to turn $500,000 into $1 million depends on your investment strategy and the rate of return. For instance, if you invest your money in the stock market and receive an average annual return of 7%, you would approximately double your money in about a year or less depending on your investment methods and advices . However, this is only a rough estimate, and actual returns vary widely from year to year.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed CFA whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
Oh please I’d love that. Thanks!
*MONICA AYAKO VOS*
I would NEVER pay off someone else's debt!
Never say never
I would NEVER speak in extremes. That is not the Jedi way btw. Also we will see about that when the time comes.
Thank you! I paid off my graduate student loans of $50k and my car loan, don’t expect anyone not even your wife or husband to take are of your decisions. Some fools out there say that if you’re married, it’s combined but only to their benefit.
I would never say never, but let’s just say they better be worth it
Definitely agree. I paid off debt for my parents at one point but they were right back where they started after only a couple of years. 😔
Not doing that again, now I take care of myself first.
I’m 52 and just started my portfolio with around $480K. Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
It's wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important..
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
Hey friend, How can I work with your Fiduciary?
*Jennifer Leigh Hickman* 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..
Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!
I’m betting that none of what Dave said happens
😂 that’s what most internet research on him tells people.
I saved this video to watch later only because his name popped up and I’m curious if he’s really the guy you go to, write down all his advice and make sure to do the exact opposite to succeed!
How can people keep up clear façades and half the world not only falls for it but they defend it and make bizarre excuses for it?
I watched Biden stone cold asleep at some foreign dignitary meeting. They literally stared at him and stopped talking to see if he was snoring I believe and he never cracked an eyelid or responded to table chatter going dead silent!
You know it’s gotten bad when you consider making excuses for the people that are making excuses!
Thank god at least the next one going in with control over our tax money doesn’t have his own bank turning him into congress for tens of millions so far in deposits in 20 different LLC accounts from China, Russia, Ukraine and three other countries after favors and money is showered upon them!
😢the sad part is he’s been preaching that he never received a dime from China at every news opportunity “until” his bank turned him in.
Suddenly for some reason he doesn’t bring that up anymore and the press that calls you racist for asking questions has quit asking him about it!?!
They moved from racist onto calling the wall project to expensive? However, they don’t have any problems spending billions starting wars or supporting them. Maybe if the steel manufacturers donated a billion kickback to the DNC election fund “like the weapons manufacturers do” they wouldn’t bring up the cost!?!
They’ll be throwing the wall cost up at every opportunity while being strategically silent about the next billion planned for one or the other wars on their stovetop!
All political branches and parties have bad apples we need to remove. The DNC just has their hand on the trophy currently and the Biden family got so comfortable with doing whatever they want that it’s not even hid anymore!?!
Joe admitted on national TV that he got the attorney general fired that was investigating his son accepting bribes and being the White House bag man.
He said they challenged him and “SOB before I got on the plane he was fired” then immediately charged Trump with interfering with foreign government for asking if it’s true? They would loose a billion dollar grant at the time if they admitted Hunter got 5 million and Joe got 5 million out of the grant they received.
Trump wanted to know if the Biden’s family was taking payoffs from around the world so Joe had to stop that!
Anyone that doesn’t believe in a deep state, tell us what would happen if it were Trump’s bank telling congress he’s receiving money from around the world every time a U.S. White House favor is granted? Only talking cash here, the 24 million in cut diamonds from China is a new to us discovery but it’s not a new calendar event, only a new discovery. It’ll take a century to actually uncover what the Biden’s have buried.
I’d just like to start with asking why the media stopped asking Joe about “cash only” bribes from China?
…I’ll wait!🤔
The 24 million in cut diamonds can wait for another time!
I had 37K in savings, I put that in the share market and Lo and Behold! I have 23k in savings now!
Wow it’s like magic ✨
Its ok...i have 8k in stocks and its real rocky right now lol. You should only throw money into stocks if you can afford it. If you lose it, it shouldnt effect you....its play money basically. Thats why i didnt go big at all
@@Beanz8907 what's your thoughts on the Roth IRA investments? It's hard to watch my contributions go in and then disappear when the market drops. However, I keep telling myself it's only temporary namd that I still own the same number or increased number of shares with my contribution money, but they are undervalued. I cant wait for the market to go back up and continue growing. I just believe until the Covid-19 gets under control, the market is going to be down and panicky.
MasterT91 i do both 401k and roth ira and i can tell you the markets are overvalued if the fed quits with the QE we will see a huge drop, but the market always trends upward don’t look at your value for awhile imo, how often do you look at your house value and think “wow i made 10k on that investment this year” no one actually makes the profits until the asset is liquidated
@@GHC3 I put into ROTH as well. Only 7% of my income goes into that a month. Like i said before....only invest with money you arent afraid to lose. Be patient....ride the waves, and continue to save and budget effectively as years go on and whatever happens to the stocks will happen. It makes me more comfortable knowing that i save close to 1k a month in general. Thats not even whats left over after all bills are paid. My money rolls over to the next month and i just stockpile more into my emergency fund. Easy peasy son
Dave Ramsey is no bs , he is out here saving people’s life’s form debt 👌🏻
I’m 34, have $200,000 in savings, and want to invest for safe growth over the next 5 years to buy a home. What should I invest in?
In today’s volatile market, diversify your assets with safe investments like HYSA, REITs, index funds, growth ETFs, and bonds. However, Before making any investment decisions, consider consulting with a financial advisor to tailor a plan to your specific needs and risk tolerance.
@@Hesse-Kassel Financial advisors can be expensive, but they’re crucial for success in the financial market, especially if you’re on a deadline. I was laid off during the 2022 tech cuts, but I used my savings to invest in the stock market with the help of a financial advisor. After doing some research, I managed to grow my portfolio to over a million dollars in just two years, thanks to my high risk tolerance.
@@FrankweilyI’m glad I found this conversation. My risk tolerance is high, and I want to take advantage of the upcoming market run. Can you direct me to your advisor?
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
My friend had a 60k weeding they divorced in a year in half and they still have the weeding debt 🤦🏻♂️🤦🏻♂️🤦🏻♂️
im good with the court house
Yikes
Haha
Sounds like they got real high.
This is why you should never go into debt for an experience (like a wedding) or a depreciating asset (like a car)
Hope he doesn’t expect her to pay all of his student debt. These two need to get a plan put together so they can be on the same page.
according to Dave, those loans become hers when they are married.... If he is wrong about this.....he could be wrong about everything else as well.
@@rayjgold Why is it a problem when it's the other way around? Double Standards?
1:13 The look of Ramsey's face ready to explode with a response 🤣
Community college is the new Harvard.
Harvard is tainted. Steve Bannon went there. One bad apple spoils the whole bunch.
👍
@@dick69970 yeah, steve bannon. now there a real pos for ya
Fun fact: I went to community college with someone who ended up going to Harvard Law.
It’s these little videos that help! I love it ! Thank you Dave!
Try a big book sometimes.
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.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@BarbaraHarper-c1p 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.
@@RitaOwens94456 Oh please I’d love that. Thanks!.
@@BarbaraHarper-c1p Clementina Abate Russo is her name.
Lookup with her name on the webpage.
I listen to these conversations so I don't feel so bad about my own money situation.
I'm not doing half bad!😄
I'm not sure why 8 people in each comment thread have to say that same exact thing. So boring.
That’s an emergency fund and a down payment for me.
I endorse this response. $37k isn't that much money and she has upcoming expenses and contigencies.
Same!
I’m currently saving to $36k for my emergency fund and downpayment.
Not where I live lol
That's a used car and an emergency fund for me.
loll love when he says “you got fleeced”
Anyone : I have $1.
Dave : MUTUAL FUNDS.
To the emergency fund!😆
Looks like she’s marrying into a financial crisis. He had debt he hasn’t touched on top of the him paying for the wedding. They don’t need a wedding. He needs use that towards his debt.
Looks like he has no intention of paying his debt but gets married instead !!
@@carojames6776 exactly white folks with grandparents are usually sitting on an inheritance.
Exactly or they go half on the wedding.
How about just go to court house? Then a dinner afterward. Cheap and less stress
@@back2the80swhile that is true a wedding is often one of the best days of people’s lives. It was for me and don’t regret throwing a nice party for it.
Sorry but I wouldn’t pay for his student loans. He needs to take care of those himself. Just my opinion
Agree. Yeah he came in with it.
Agree. Yeah he came in with it.
As a married couple you should work together but accumulating debt is an easy way to destroy your marriage
You're either all in on the marriage (that means finances, debt, property, etc.) or don't get married. Your attitude will just create resentment. If you were that female caller I'd tell you not to marry the guy if you felt that way.
You're either all in on the marriage (that means finances, debt, property, etc.) or don't get married. Your attitude will just create resentment. If you were that female caller I'd tell you not to marry the guy if you felt that way.
Been loyal to my 2005 Toyota Tundra. 215,XXX miles and runs awesome 👌🏼No car payment, low insurance.
Dave made her realise she has no savings.
I’m sorry but I’ve been penniless and it sucks. I have 25k saved --some in stocks the rest in cash in an emergency fund. I pay my monthly’s on time each month to keep my credit going up. Student loans and very very cheap car payment. No credit cards. I drive a lot as a result of work so a good car is a MUST!!
I don’t see how spending every dime to pay off debt is cool🥺...I just can’t ever be penniless again. Nope! Can’t do it! Nope! Not interested! Eating at food banks and borrowing money for simple things, selling random house items on Criagslist-oh no I’m done with that.
Having an emergency savings and seeing my money grow INSPIRES me to keep GOING. Working paying-saving. WORKING-PAYING-SAVING.
As time marches on you will ultimately become more financially well!!
Tes West Agreed, Dave is all about paying off debt but I don’t think always that’s the way forward. My only form of debt is student loans and I’m not in any rush to pay it off because the interest rate is 2.8% meanwhile my index fund & individual stocks has brought me 9-11% return average. Umm, I’d essentially be losing money if I used my investing money to pay off my student loan. Ofcourse it’s important to me and I still pay above the minimum, but it’s not as crazy urgent as Dave makes out to be. That being said, CC debt and high car payments with crazy interest is best to avoid. Buy second hand cars, no new ones on finance. They depreciate the second you drive it off the lot. Literally the worst investment. Just a cash loss and only use CC if you know how to finesse it. No sense in racking up crazy CC debt, with high interest 🤦♀️. That’s not smart, all cash loss.
That is something I’ll never wrap my head around, people make like 30k a year and decided to get a car worth 50k. Like wtf are you doing
Amazes me how people line right up to lease or rent and then buy it. Why not just be an adult and buy it when you have the savings for it?
How do get to work if you need a car ?
All Seeing EYE cars are useless nowadays. Short trips you got Uber, long trip you got planes. Unnecessary expense.
@@nzmanhdee6246 that's about as idiot a answer as I usually get .
Take a plane. Use an uber .what if your job is more than with an uber than a car payment.
If just out of school with no money
I have a daughter a dam if I let her drive an old junk
@@warrenkatz1469 You buy a cheap one that runs? If you want a nice one save up
Whenever a man calls looking to pay off a fiancées debt, Dave tells them to get married and the misogynistic comments flood in, and people also call the man and Dave a simp. When a woman calls the tone shifts. I can understand that Dave May display a bias when talking about prenups, but he’s also a traditional person. When it comes to debt though, he is consistent. I think some people are just unhappy in these comments, or have been through a divorce and are resentful, or maybe you’ve just never found love to begin with. Regardless, you have to put yourself in the shoes of the people calling. If they get married it doesn’t make sense for one person to make money while the other lives pay check to pay check. If you combine household income, then you can also quickly tackle debt as a couple to move towards baby step 3, saving a couples emergency fund, house payments etc. I’d rather be a millionaire than worry about what other people think, especially people who are broke and have an opinion, as Dave would say.
They are simps and she should find someone at her financial level and frame of mind if anything.
Nothing complicated here and nothing to be unhappy about. It’s just a comment section,don’t know them,and I don’t care what they do.
Have my own financially sound debt free life enjoying this awesome year so far.
These videos are just entertainment for me.
Since we're approaching April, one of the best months to buy stocks. I am currently holding north of $120k in a savings account waiting to invest in another huge opportunity.. Where would you invest this as of now?
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 strategies to hedge losses
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
That would be Heather Ann Christensen. You should look her up. I say, to be honest I almost didn't think I should have, but I'm glad I decided to let someone handle growing my finances.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
invest in time
If you have to take out a loan for a car, you can’t afford it! That’s the motto we live by.
If you have to take out a mortgage..you cant afford a house
jay c a car is not a asset. Depreciates as soon as you drive off lot
You're a clown if you pay for depreciating liabilities in cash
@back2the80s ...neither is a home...same...
Make sure you have a 6 month emergency fund. Invest and diversify most of rest. Don’t forget to ENJOY some of it as well! Great job 👍
This is a wonderful real life example for many young adults today! Great video to learn from, ty Dave!
You're going to end up paying 25k (12k over 3 years and 13k on buyout) on that stupid car. So you really only have 12k in the bank when you account for how much you've promised to pay on a stupid car
She lives at home. She could have just bough car in cash instead of leasing
Is the husband to be on board with the Total Money Makeover?
Obviously not! He hasn't started paying his debt.
Getting away from America’s stupid at a young age. Love it.
Why do people equate debt as only loans or cc? That’s so odd and a good example of why economics 101 should be taught in school.
I payed cash for my car a couple of months ago. It’s cheaper if you pay cash and I don’t like owing people and I had the money and it wasn’t gonna hurt me at all. I did buy a new car that Dave frowns on because the price from new to used was about the same only a few thousand difference and I wanted a full warranty
His debt is his debt, no matter how long they married and how much they love each other. She is not responsible for his pre marital debt.
Depends if they buy a home car or invest in a business together.
Marrying someone who has never lived with themselves.. ehhh ... $30k in a car
🙈🙈🙈
Pay off your debt!
Came here for all the experts advice in comment section ~
Came here for uhhh yeah what you said
Lol
I’m saying this as someone who got his schooling paid for but I can never understand how you can go to school and be 40k in debt and make less than that in a year.
Just keep cash in bank , that’s just barely the emergency account
Second of ALL, I hope they have a 5-10K budget for the wedding. The way their finances are looking, it doesn’t need to be ANY more than that.
I’m good with a car lease. Yes, you pay a premium, but only $5000 over 10 years. Used to buy cars and keep them 10 years, and I did this for 30 years, then after adding up all the car repairs and maintenance the net result was $5k more over 10 years. The benefit is you get a new car every 3 years with paid for maintenance and massive peace of mind.
A new car that you don’t own..simply renting it
1) emergency fund
2) remainder to debt
3) if there's anything left, index funds
Honestly though, there shouldn't be anything for step 3 if you're making less than 6 figures. Should be maxing out your 401k first
Harold Balczac
Indeed.
That’s why so many are using their 401k like a savings/checking account instead of retirement.
Don't max out a 401K...Do up to the company match only.
@@xSayPleasex I'm going to be investing that much anyways. I might as well do a tax-advantaged account
I would do a bare bones wedding. A friend of mine got married for less than 5 grand planning their own wedding and doing a lot of the leg work themselves. The money they save can go toward their debts.
I love how he said "you got fleeced" and she said, yeah, that's leased, lol. I think she misheard him.
Right now Credit Unions are paying 5% for 6 to 12 months certificate
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.
That's right. Having a job doesn't mean security. I also agree with what you said "giving people a fighting chance during these troubling times".
So much wisdom in those words, what do you invest in?
That's awesome really I've been trying my way out in stock market but I'm glad I switched over to the forex market before this current pandemic
Really I'm a living testimony of the forex market I switched off dividends and drop shipping, they're all dead. I wish I knew about forex trading earlier. My current trade of $4,300 profited $21,000 within 14days
What really is forex trading?
I just ended my lease and started financing my vehicle at the beginning of September 2024
Invest in good dividend paying companies.
How do I call?
the rich see an economic crisis as a garage sale that's why investing now is the key
just recently got laid off and it feels like i'm beginning from the scratch, i have been researching on investing and I came across an investor on an internet radio who mentioned making well over $450,000 in 3months with an investment of $230,000 I'm a beginner and i really would appreciate any insight or clue on how to make good results
@@charlesblanchard4065
You should have considered an alternative source of cashflow way before now, it is called futuristic planning 🙄
@@volkovfoley4656
well you didnt have to be mean about it. It is a good time to buy in on stock, so just buy in on stocks.
@@charlesblanchard4065
As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional.
@@mikecuban6557
Kudos, please who is your financial consultant and how can i get in touch?
No, Samantha, you should not listen to Ramsey. Instead, try to postpone paying the debt off as much as possible because we are heading into massive inflation in a few years. Use your savings to buy tangible assets like gold, silver, and land as much as you can afford it.
You predicted correct 🤑
“Only $300 a month”
That’s a steal these days lol
Unless the woman wants kids in the near future, there is no point to getting married. Just be together and keep finances separate. The fact that guy hasn't touched his loans in a few years is a red flag. She should wait for him to progress his career and financial situation.
When did marriage ever stop women from having kids?
Heck even without a boyfriend they put them out there.
Besides the joining of assets and the tax breaks, marriage isn't always just a business transaction. Some people guinely love their partners and want to to start building together in marriage.
I drive a lot so so I lease over and over so I’m always under warranty and don’t have to worry about maintenance. I can’t believe he said to buy the car. Cars aren’t an asset, their a liability… that’s just me though
If you have the money, the peace of mind in Leasing may be worth it for you, sure. But owning a reliable car like a Honda or Toyota and driving it for 15 or 20 years would put you way ahead financially.
This is such a different world to where I live. I'm from Europe, and I've never had any debt (besides a mortgage), nor credit cards, and I'm 35. I also have MUCH more than 37K in savings. Dafuc are you guys doing on that side of the pond? Aren't you supposed to be wealthier than us? With the freedom and all that. We pay over 50% taxes here.
And no, I'm not British. I said "Europe".
PAY OFF your debts and...INVEST!!! Is this even a question? 😂
Invest in what
Edgard Ocampo “just invest”that’s what every genius in TH-cam comments says. They’re all multimillionaires apparently with their 2 shares of apple stock. They think you cant ever lose money by investing. It’s going to be an interesting few years. Invest lightly over time not all at once. Mutual funds would be a good option, or wait on the housing market to react to the economy downturn. Low interest rates will help with paying off a mortgage.
@@davidr6865 Can't wait for the collapse to prove these fools wrong. It is going to happen thanks to what is going on.
Blake Blast no it won’t. That’s wishful thinking. The government will not let the housing market end up like 2008.
Edgard Ocampo
You’ve already invested 12 years of your life going to school.
Start putting it to use.
Open a book and read.
Do due diligence.
Stop waiting for people to hold your hand.
How do I call into the show?
I got 55k and I’m using 15k for a house and the rest I don’t know what to invest in?!?!
How much is the house total?
Wow that’s cool.
Just walk down the baby steps with the money...
Index funds
tchrisou812 227k ,I want to stay under what the pre approval.
Leasing a car is stupid because she will need the car anyways after the lease is expired.
3:50 excellent advice
I - as a man - would feel extremely embarrassed if my future wife were to help me pay off any pre-existing debt that I may have starting the day after getting married. If that dude carries such a heavy load financially speaking he is NOT then ready to tie the knot with anyone yet.
exactly, real men take responsibility for thei life choices.
@@MoncaAhwen you don't get to define what a real man is.
She wasn't planning on using $15k from her savings to pay for school, she was definitely going to finance it. I would've financed at least half and put the other half in CDs, mutual funds, or a high yield savings account.
Leasing a car isn't renting if you buy it out at the end. It gets you lower payments over a longer period of time. Never pay cash for cars. You get a lower interest rate for financing with the car company and you can put the cash you didn't spend on the car in a high yield savings account and make money on it, putting you ahead of the game in the long run.
Or you can take out a 401k loan and pay for the car in cash, get your title in 4-6 weeks after purchasing, pay yourself back 5%-6% interest, protect that money from downturns in the economy while you pay it back, and if you lose your job you only need to pay back the fine and taxes. This is the best option for purchasing a car, not cash from your bank account.
I would do almost the same as Dave suggests but I would keep a few $ in the bank for the emergency fund.
Big expensive weddings are a waste of money in my opinion.
Give it to me!!!
Physical Silver No Counter Party Risk. Should you have assets that are simultaneously someone elses liability?
This call was going well until they combine incomes. And the car lease
The couple needs to do marriage counseling and enroll in the Financial Freedom Class like yesterday. Someone is bound into the potholes that they are overlooking.
having 116k in the bank still has me terrified of starving
do you believe in God? You need to trust him, not your income. It's very difficult, I know it well 🙄
@@krecikowi your god doesnt live here boy
I'd withdraw from the bank if I were you. I have money in a savings account, but if it weren't, I'd take it out.
@@krecikowi How does trusting God will help him when his bank goes bankrupt and they take away his cash? 😆
@@krecikowi devil be gone!
Go to Vegas and bet it all on a single hand of blackjack
Uh yeah don’t see them doing any of what he said
Marry me instead. I have 23K in savings and 40K in stocks.
It’s another married person- all the callers are married. More single people please
Yes! I'm so OVER these dumb married couples! Let's see hear from some single people, specifically women, trying to get on the right track!
Great point.
The single people I know will never call in to this including myself.
Calker had 37. After call was over she was negative. Dave , very cool stuff😂😂😂😂
She makes more money than him that’s why she was hesitant to disclose salary. She lied.
inflation is outpacing the low interest rate on your student loans, bad advice unless you're a person whos brain doesn't control their hands
Can she just put up that money for the lease now? Just pay the year and a half of payments and buy out payment? I’ve never leased before (not planning on it either), so I’m not sure how they work when it comes to buying it out.
don't lose it to inflation. buy a home - be brave to get into debt, invest in good stocks. debt is not bad as being preached.
Good to buy a house now or wait a couple years?
Debt is a powerful tool if you're afraid of debt you're running out of time and you're never gonna have anything you want
you think a car is an asset? it's not. it's a liability and a lease is cheaper than owning something new.
A lease works out to 14% interest.
Not a smart idea.
And you are not getting any credit cards to fund you living room set and he is not buying a new car because he just got married and its the thing to do.
3:55 👏🏼
You're gonna need it to help pay for the wedding.
We're paying 7k for our wedding everything included and we're freaking out lol I can believe people be spending more than 10k
Dave, I love ya, but ain’t nobody who’s gotta household income of 80K is buying a decent car in cash while also affording living expenses and putting money aside for savings and retirement. This isn’t 1994
*Loved* it Dave! You're the best *influence* I could ask for my *Personal* *Finance* and *my* *channel* 💓
I would not buy that car at the end of the lease. I’d buy a secondhand one
How about invest it? 37k isn't much.
:(
I have 37k in pokemon cards. What do i do?
I don't think what Dave said is going to happen.
why not just buy a $3000 car? and put the other 10,000 toward his debt?
Hope her 2nd marriage fairs better than this 1st one will.