7 Things You Must Do Once You Have $100K

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Do you have $100K in savings? Good for you! But where should you put that money to make sure it’s growing and helping you reach your financial goals? I recently saw an article with the headline “7 Things You Must Do When Your Savings Reach $100K.” Some of it’s good advice, and some of it you should 100% NOT do. So, in today’s video, we’ll go over the seven things they recommend to see which ones are smart money moves and which ones you should stay far away from.
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George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[@Hannahbenowitz]

I started investing in dividends with my taxable account. I used the buy and hold strategy in my Roth, adding some Berkshire B stock, SCHD, and an S&P 500 and total market exchange-traded fund.

[@HildaBennet]

When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.

[@PennyBergeron-os4ch]

Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me.

[@JosephineKenney]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

[@PennyBergeron-os4ch]

I can't divulge much but Sonya lee Mitchell is the FA I work with you, you can do your due diligence as she's very much accessible to the public

[@crystalcassandra5597]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@bernadofelix]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@Hectorkante]

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@PaulKatrina.]

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@CraigLloyd-fz6ns]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@PaulKatrina.]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@EddyAgnes-vy4kp]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Melissa up and send her a message. You've truly motivated me. God's blessings on you.

[@Raymondjohn2]

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

[@kevinmarten]

I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

[@Jamessmith-12]

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.

[@JacquelinePerrira]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@Malaki727]

Lucky bastard 😒 😅

[@noahzimmerman-yg6qt]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving

[@ralfbrown-kl1gp]

These so-called quality stock Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my ROI

[@marcellasilva4015]

It's possible to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash. The planner devised a defensive strategy that protected and profited from my portfolio during this red season. I've made over $250k since then.

[@marcellasilva4015]

Sharon Ann Meny, is the name , Just search the name. You’d find necessary details to work with to set up an appointment.

[@JeanValjean875]

The number of scammers in the comment section of these videos is crazy.

[@xkanyewestfanx2009]

and they’re on EVERY finance video smh

[@Squiderrant]

90% of comments :/

[@scottcampbell96]

Yeah but they searched the internet for “spamming advisors” and like their profile, every single time. It has to be true. They have a call set up for next week. So sick of these spam accounts

[@napoleon1992]

Beyond crazy

[@Nohandleentered]

How do we know you’re not a scammer 🤖 😮

[@ErnestKingston]

George’s insight have been a game changer for me! It’s practical approach to financial management has empowered me to take control of my money and work towards a debt free life.

[@SharonHarvest]

Absolutely feel the same way! His advice has been a beacon of clarity for me too. However, I’m just stepping into the world of investing and it feels like a whole different universe. Your comment resonates with me because honestly, I have little or no idea where to begin. If you have any tips or resources you’ve find helpful in your journey I’ll like to hear about them.

[@HillaryMaxwell5]

I completely understand the impact of George Kamel’s wisdom on personal finance- it’s informative. When I’ve found success in investing especially with the GUIDANCE of my Advísör, TIMOTHY ERIC MEEK I still appreciate the solidly foundation George provides. His principles align with the core values of financial discipline. It’s inspiring to see how various approaches, like (George’s) and strategic investment planning with TIMOTHY ERIC MEEK’s expertise can compliment each other.

[@SugarNorway]

Your financial journey is truly inspiring! I’m thrilled to see your success in investing and the solid foundation built with George kamel principles. Your mention of advisor BIANCA HARLEY DORAN caught my attention. I’m eager to learn more and potentially seek her guidance. Could you share how I can get in touch with her?

[@unnoticedguy724]

​@@SugarNorwayThat's easy, look her up with the full name and you'll get everything you need.

[@HillaryMaxwell5]

You can check of TIMOTHY ERIC MEEK online, I'm sure his details won't be a hassle to find.

[@user-pl5nb5gc7d]

I am a contractor who has worked for several home warranty companies and I can confirm they are, for the most part, a scam.

[@fauxbro1983]

Step 1. Beware of whom in your family you tell.

[@Rmayhem209]

Absolutely!!

[@user-ub4lk3pf3w]

A good way to do this is to keep your life style under control. No one will ever know how much money you do or do not have. You should also invest it so its not so liquid and harder to spend on just anything.

[@personnesenki4521]

That should be the first few steps. It's scary what that knowledge does to others.

[@butteryflakycrust4864]

Literally no one but your spouse, and make sure they don’t as well

[@Zek3nator]

It’s sad that’s a thing for so many people.

[@laquan017]

Review of an article going over these 7 tips: 1. Safeguard your assets with gold - PASS 2. Plan for long term medical cost - Only if over 60 years old (YES) 3. Invest in real estate - PASS 4. Use AARP for discounts - PASS 5. Get a second opinion from a financial advisor - YES 6. Don't let home repairs drain your bank account (home warranty) - PASS 7. Life insurance - YES

[@Daniel-ss7ri]

The ETF and stock markets are still quite volatile, just like the property market. My $670K portfolio is down by 15% even as the stock market is on the rise lately. what’s the best way to correct my portfolio?

[@Janise-pg8yr]

Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.

[@user-ql1hu3fr4f]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@Valentine-sd2fb]

This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

[@user-ql1hu3fr4f]

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

[@Valentine-sd2fb]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@mbeaux5693]

I used to be an insurance agent. Didn't make massive commissions because I told people , "Buy term, invest the rest".

[@joeltroughton3021]

Not the best salesman but at least you have ethics

[@jgallegos1745]

Was It with primerica?

[@lawerencemiller9720]

In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.

[@alexyoung3126]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resources to guide beginners?

[@jessicamoore3093]

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?.

[@jessicamoore3093]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@carolannstevens5814]

Run from FA!

[@onmywayup94]

lmaoooo a financial advisor

[@JoeLopez]

".... gold invests in Chuck Norris" LOL Keep up the great work George!

[@cisium1184]

A lot of people in New England call traffic circles _rotaries._ When I was a kid, I thought the Rotary Club was a club for people who like to drive around traffic circles for fun.

[@x_Artius_x]

I thought it was a group of people who loved Mazda Rx7s lol

[@saintbyron5150]

That’s why their Rotarians

[@verb0ze]

Who takes advice from clear marketing articles?!? Everything on that list is a definite PASS for me lol

[@-Joce]

My grandma paid thousands of dollars for a common long term care insurance for years then the company went out of business and she couldn’t get a new policy because she was too old. She was never able to get a policy and lived to 106. So NO not a good idea!!

[@leytonfortnite4724]

That happened to my grandparents as well.

[@username00009]

And then there’s people who can’t afford the policies after 20+ years because the premiums increases. Seems like there’s lots of things to read and research in the fine print.

[@username00009]

And then there’s people who can’t afford the policies after 20+ years because the premiums increases. Seems like there’s lots of things to read and research in the fine print.

[@buyerbware25]

In 2023, the OPM suggested that federal employees self-fund longterm care.

[@dianarabbanii2]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@EmiliaAbelard]

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. its important to seek the guidance of an expert

[@naomigonzales9663]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@LeonardoScott]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@naomigonzales9663]

Marina Carolina Nice 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..

[@scottjuarez9549]

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.

[@jonathanburtnick]

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@TariqSinghKhan]

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. its important to seek the guidance of an expert

[@KangMinsu122]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@naomigonzales9663]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@scottjuarez9549]

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.

[@azucena2793]

Bless your heart George!! Thank you so much!!!

[@Riggsnic_co]

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, but it wouldn't hurt to know means of actualizing short term profit.

[@bob.weaver72]

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@martingiavarini]

I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

[@LisaEgan78]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@martingiavarini]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@LisaEgan78]

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.

[@Halfwaythere807]

Awesome subject matter and awesome advice! Thank you George!

[@larryronhartfield55]

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people,One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Emily Lois Parker my FA.

[@taylorgreen5908]

That’s some good values. sounds like you got something going for you

[@stanleyfujiwara1394]

Thank you for sharing, I must say, Emily 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.

[@harrisahmed3066]

Truly It's all about using assets with compound interest to amass riches.

[@LanceyRoche]

did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too

[@Motowinkle58]

For MOST people, $100k in savings should not be in a high yield savings account. 3 months, 6 months or even 1 year of expenses in the high yield savings, and the rest invested.

[@tressalewis7004]

George, I want to wish you and your family and awesome Christmas❤ Keep the funniest coming!

[@RM-fe6ye]

Warren Buffet doesn’t believe nor recommend gold too.

[@EricJohnsonFL]

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities, etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my

[@MauveHarris]

That’s some good values. sounds like you got something going for you

[@KimberHart]

Invest in stable stocks, my rule: if you previously liked the stock, then you should love it at a discounted price.

[@HarryWalter77]

She appears to be well-educated and well-read. I did a search on her name and came across her web, thank you for sharing

[@sandee8579]

Love your energy and always live your videos!

[@carollee6963]

Your videos are so interesting! It keeps me focused on key points of finances!

[@JuancoPRoFlow]

George has really grown on me, in the beginning I was like who is this goofball, but now he's pretty funny. Like that ending bit. God Bless 🙌

[@tamashucsko5827]

George i love your sense of humor! I follow your channel for the great advises and enjoy the jokes too

[@kasession]

A co-worker sent me a link to a lot of the 'Chuck Norris' sayings. The Chuck Norris clip made me LOL!!!! I sent it to my co-worker. He loved it. 🤣 Good Advice!!! 👍🏿

[@user-tg6ug6nc2o]

I think REITs are a great investment vehicle. You just have to shop around to find a low-fee REIT and one that has a liquidity that you’re comfortable with.

[@Aziz__0]

I think people should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.

[@Natalieneptune469]

You are right, best approach i feel 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.

[@PhilipMurray251]

You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k.

[@sheltonPston]

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?.

[@PhilipMurray251]

Nicole Desiree Simon 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.

[@sheltonPston]

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.

[@elisemedina2237]

118k subs 👏🏼 Love the channel.

[@polgara28]

3 Minutes in and was over the memes. Sheesh!

[@christinehopping]

Good advice. With a HYSA account $250K, you earn $1000 monthly. I live on a clerk salary, so I use the $1000 to pay monthly expenses, and saves every penny of my paycheck. After paying off your mortgage and living debt free, you have peace and freedom never worrying about losing your job.

[@lucaspm98]

Never hold more than 3-6 months of an emergency fund in cash… you’re missing out on 10’s of thousands a year in returns.

[@mensb1936]

HYSA for emergency and sinking funds, beyond that you are missing out on stock market growth

[@anthonystoll5289]

That’s great. Until they cut rates. This advice has worked for just over 1 year…

[@justwait9822]

Its cute you think 5% interest rates will continue forever.

[@EddyScrivner]

My mom had a home warranty and it saved her thousands of dollars

[@Cioletta4]

She’s a rarity then.

[@emoney1231]

I'd have stopped reading at the "buy gold."

[@tduck828]

High yield accounts. I have a checking account at 6% (with qualifications but they are super easy) and another money market at 5.21% and another money market at 5.3%. Saving for rainy day but I also invest in other channels.

[@judyking4597]

Where can you get 6%?

[@erikdacosta3822]

GKam, the ending of your video was "Comedic Gold." Well done sir! With that said, can and should I be investing in "Comedic Gold?" I say, "YAS!"

[@GregMunro]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[@DavidVelasquez9]

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 stock expert 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

[@GregMunro]

Hi , please who is the expert assisting you and how do I reach out to them?

[@DavidVelasquez9]

The broker I'm in touch with is *ASHLEY AIRAGAHI . I came across her in a Bloomberg interview and got in touch with her. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

[@GregMunro]

Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing

[@ericspottedelk5814]

I was very lucky to start investing when the market crashed in 2020 and my stocks are insane right now in 2023.

[@mikebridges20]

"YOU COLLECT COINS, BUDDY! GET A REAL JOB! " Best line I've heard in a long time (right along with the crypto-bots in the comment section)!

[@joliver79]

home warranties are for sure a waste. We had dishwasher and fridge break and they said part we needed not covered under warranty for dishwasher and for fridge they would not come out they wanted to do a video call to see what problem was when it was leaking underneath fridge, tried charging us $ 100 for doing that we said no, called a repairman to fix fridge was $ 120 no problems since. As for Dishwasher we just bought new one

[@Muller_Andr]

I’m 60 and want to retire in 6 months. I have a $170K annuity, plus a 401k depleted to $200K of money that I’m not sure what I can do with at this point. My retirement plans seem to be out the window. Is it a good idea to get professional help?

[@xavier_lucas]

With everything going on, consider financial planning, … that is okay. You can get your money to work for you. but I would say delay retirement a little

[@Muller_Andr]

I have heard how they can help you make the best decisions and to be honest I don’t want to lose anymore money or I will have to work till I die.

[@Jennapeters144]

And what if that is all you have, even with SS you may not have enough to retire with. If you opt to work with a financial adviser, Dyor, make sure they are certified from AARP or FINRA.

[@EmmaFritz90]

It’s a good idea to look for a fiduciary who has a legal obligation to work in your best interest and can’t recommend products or services just because they’ll receive a financial kickback for doing so. I and my spouse work with a retirement planner, Monica Mary Strigle an advisor we met in NY, referred by Danielle Dimartino Booth in an interview. Under her guidance, we split our investments, traditional IRA and the individual brokerage account where she copies her moves on our account from her master. We have been up by 74% precisely in the past year She rebalanced again when the year began, we still hold cash and are cautious with how much we let into the market at this point.

[@AnkurYo]

Can I get the contact info of the person you work with?

[@richsmith4363]

I typically save about $40 a year from my AARP discount at Denny’s. I also save $1 a month on my Consumer Cellular plan. Not getting wealthy but the AARP membership does pay for itself, at least for me.

[@sarahlockridge7879]

We are in our 40's and we joined AARP this year for $12 to save on the fee to get our cell phones switched to ATT. Was it worth it?! Heck yes! We don't use any of the other benefits..... Instead of paying tons of money per phone, we paid $12 total. It was totally worth it.

[@terrorshard2916]

I bought 200 shares of nvidia some 7 years ago or so and kind of forgot about it. It is now 800 shares and have appreciated quite a bit. I dont even know what to do with it. Any advice. Let it keep sitting?

[@Delta922]

I joined AARP for their auto insurance which is half what GIECO was charging me for the exact same coverage and I also shopped around and couldn't find anything cheaper.

[@chetanjilhewar1669]

Hey George Kamel, maybe you can do something about a disability insurance if it is good or bad. Thanks.

[@TheThreatenedSwan]

You should instead pay for the mutual funds Dave Ramsey recommends that don't outperform index funds

[@Silv718]

The exact home warranty example happened to me lol

[@donaldburks5204]

Love your channel. Love Dave. Allow me to refine the LTC advice. If you have $100,000 you need to purchase by 50. The issue is not when you might use it, but when you are likely to get approved. Declines skyrocket over age 60. The average age of application is 53. Admittedly, the cost of waiting to buy is relatively negligible, unless you get declined because you waited, then it might cost you nearly everything. If you have Alzheimer’s, dementia, PSP, or other organic brain disease in your family history, buy as early as possible. 25 is not too early in this case. Premiums are much lower when you are young. Lean towards a plan that is entirely tax-qualified…don’t fight city hall as they say. If possible, consider a company (admittedly only a couple left) that has a tax-qualified contract with a guaranteed purchase option, allowing you to buy more later to combat inflation rather than paying up front for an inflation rider. This way you enjoy the time value of your own money. Keep up the good work. Donald Burks CFP®, CLTC®, FICF

[@yhckelly]

Why is it bad for them to recommend gold as an investment for advertisement revenue but perfectly fine for this channel to recommend internet therapy for advertisement revenue?

[@aliciaz4682]

Ramsey acknowledges it’s an ad or “sponsor” where as “what you should do” advice, in the #1 slot That’s the difference

[@yhckelly]

​@@aliciaz4682 eh.... Recommending "our friends at Better help" for your therapy needs is de-facto the same thing- and who says the article didn't declare these recommendations as sponsors?

[@Nathanh56]

Gold is an investment but it shouldn’t be seen as a short term play. It’s an asset like land and a viable way to supplement wealth building. It also keeps up with inflation really well over the long term. Gold price in 2000 was under $300 an ounce. Recently Gold just hit $2200. Precious metals can also be a great way to steadily save here a little, there a little because it’s not as liquid as cash and is hard psychologically to sell. There’s a reason nations, the Queen and billionaires places use precious metals to diversify their assets and build wealth. Lastly, I understand why Dave denounces gold and silver because so many people get burned on it trying to flip it for a quick buck or a Lee broke and think it will make them wealthy.

[@inglesd90]

Because gold sucks as an "investment." It has returned a 3.6% annualized return over the last 40 years.

[@Nathanh56]

@@inglesd90 gold has returned around 8% in the last 40 years

[@foobarFR]

1:40 Gold is the crypto of boomers

[@victorcalderon3886]

Thanks for the advice. What do you think on using the savings on a Brokerage Account and getting a fund that tracks the S&P500. I know you loose some of the liquidity but it also wouldn’t take more than 24-48 h to get the cash.

[@janfoselli5823]

I get enough of a discount on my cell bill with my AARP membership to more than pay for it.

[@jayc4715]

I saved up 100k ... Bought 2 homes.. moved into one and rented the other to pay my bills

[@nancybashista1390]

Thanks!

[@funtechu]

As a numismatist myself, I resemble that remark!

[@jonathangamble]

Longterm care insurance is whole life insurance 90% of the time, you should address this.

[@ThisIsxSc0pE]

Rotary club as in Mazda engines?? x)

[@FurryHippoFinance]

Amazing video George! If you have 100k in savings, you have already lost a TON of money with rates and inflation. Having money in the market for the long term is the place for my money. If you're not maxing out tax advantage accounts already before saving the 100k again losing money. Keep the education piece going it is what the world needs!

[@matthewc9806]

With an hysa you actually get to have your money. The APY beats inflation right now and there's no fees. And, it is actually YOUR money. You don't depend on the market doing well, which you can't control, and you don't have to wait till your 500 years old to touch it.

[@colleen.odegaard]

I've been reading alot of articles mentioning how worthless 'cash savings' are in this current unstable economy and as a rookie sitting on over $500k savings do you suggest I invest in real estate, stocks or Gold?

[@Curbalnk]

This rally is a real one, solid, not some fake thing not based on two months gossips about holding rates. Now we are talking real economics here. I'd suggest you consider financial advisory due to your budget as one wrong move could significantly erode it.

[@velayuthman]

@bastianrusso Absolutely! Many undervalue advisors, but their expertise and risk mitigation strategies are invaluable for savvy investors. For those with busy schedules, monitoring the market is challenging, so we delegate to experts. I'm currently working with one, and my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging.

[@kashkat987]

@@velayuthman Impressive! If you're willing to share, how can one get in touch with this advisor? My portfolio hasn't performed well this year, and I'm seeking guidance

[@velayuthman]

Of course, I have been working with 'MONICA SELENA PARK,' and the beauty of it is that her knowledge covers a wide range of financial advisory services, including digital assets. You can look her up yourself to do your due diligence.

[@blaquopaque]

Thanks for sharing. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@jeffkukkee]

Yikes!! High interest savings account is... 5% Taxed on it at the end of the year... All of these were sales pitches. I bought CONY, it pays 5% dividends a Month!! Extra 2k a month is AMAZING!!

[@ron9665]

1:30 It seems that no matter what the precious metal, you can never buy it at the spot price. So is the spot price reserved for millionaires and dealers??

[@hardlife507]

Even if you can buy at spot, you won't get 100% spot when you sell. So you will be at a loss right away. That is until spot price goes up enough where you can make a profit. But at that point you are better off investing in the market per historical data.

[@AnimatedIdiotGuide]

I admit Fundrise was kind of appealing to me bc I wanted the benefits of real estate exposure without needing the deep pockets that rental properties require. And only a small chunk of my portfolio is in Fundrise so I’m not boned but I’m definitely not happy with how it’s performed thus far.

[@krashanb5767]

That ending was funny 😂

[@MariuszChr]

Rotary engine! Fascinating bit of automotive engineering :)

[@lostboy8084]

Gold that is physical Gold is a good investment for long-term management but it isn't going to increase your wealth just a good way to maintain the status

[@whobeyou5342]

Getting long term care insurance After 60 is cost prohibitive for many.

[@martinrbookermb]

It's kind of ironic that they suggest getting a financial advisor? When actually, if the financial advisor is any good, would tell you not to do any of the things they actually promote doing in the rest of the article?

[@D1337ification]

I used to work for a numismatist in the early 2000’s when gold was around $400/oz. I thought it was a scam back then, but holy crap do I wish I had a time machine😂

[@miguelena40]

from sept 2001 to now gold increase his value 9 times the s & p 500 only 4.80 times stocks are good only if you are in the right stock with a big dividend which is hard for many people

[@u2damoney]

what if you have 100k divided up? (like 25k in ira, roth ira, 2 separate 401ks) is that ok?

[@user-zy1vt5yg7x]

I love it.

[@huntinginmaine]

The only thing I don't agree with is the gold stance… People don't invest in gold as a way to get rich or earn money, it's a store of value. That way you can have a safety net set aside that is largely unaffected by interest rates and Fed policy

[@bruced.370]

Liked and subscribed 👍

[@onedangerousmanreacts]

Good stuff

[@marcmontalvo787]

Love the dr mike cameo

[@strokdude931]

I feel like a financial advisor is pointless if you know what you’re doing. I haven’t felt the need for one with the cost….anyone have reasons why they are important?

[@mhodge0890]

Important for people who don’t know how to handle their own money sadly we have many

[@f8talfury]

I think if you fall into serious money, it is definitely worth it.

[@katherineatthehomesteadaca9743]

New subscriber and loving the videos. However....the Rotary comment. As a 50 year old active member in a Rotary club with several members who are 32 and under, I take exception, good sir! I'll still be a fan of yours, though. You can't be right all of the time. ;)

[@ajalicea1091]

The property investment you mentioned as a PASS sounds like a TIMESHARE.😂

[@KPad87]

Where can I get a good disability insurance ? Short term disability

[@djchancla2451]

Do you recommend if you have 100K in a tax free account like a Roth IRA

[@hrushikeshavachat900]

Why would i invest into crowdfunded real estate investing companies if we have REITs or a rental property paid for in cash to the maximum possible extent.

[@thepeeve]

Home warranty depends on the cost per month in my opinion. Personally we’ve had a home warranty cover a 8,000$ furnace within the first few months of us owning the home

[@Azel247]

A new tesla, a trip to Hawaii, a flat screen, and blackjack Edit: After looking at the actual list, it turns out my list is pretty damn good

[@FaithAndrada-xo9ou]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[@Raymondcraw1967RaymondCrawley]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

[@BrewerVera]

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.

[@AndersonFair-cy2bb]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@BrewerVera]

'Whitney Kay Stacy' is her name. She is regarded as a genius in her area. She’s quite known in her field, look-her up.

[@AndersonFair-cy2bb]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@mikehorner3488]

George, first Im new to you (and Rachel too) but really enjoying your content! Just want to put out there that in my home state of Washington, our dictator Gov. Inslee has mandated that all persons in Wa state are required to have LTC either privetly or provided by the state. LOL as im sure you can since the scarcasem in my tone.. its a total cash grab and Im not happy about it!! At the end of life you get pennies to use for care, but depending on how long you pay in, it will cost thousands! So that point is iffy and im not sure if other left leaning states have the same requirement. Love the opinions tho!! Thanks

[@DonGato27]

Wich cam you use? Have good color.

[@sasukesuite1]

I’ve got my $100k in 1 month Treasury Bills that pay 5.4% and unlike an HYSA I legally evade state taxes. It’s only locked up for 1 month, so still fairly liquid.

[@MarkRizzoTheDragonWizard]

You know I never realized how great my last name was until just a few years ago. Since Rizzo is my last name and Riz has been my nickname for years. Lol thanks for the props George :-)

[@LejunglerenardThejunglefox]

“We’re younger, we’re more energetic, we got rizz baby!” - George Kamel

[@alex124241]

When you save 100k in cash? Or do you mean invested in like 401k? What do you mean?

[@mattcollins4550]

Uh.... a single investment property is NOT less risk than investing into a (reputable) REIT. That's like saying that buying a single stock is less risk than buying a mutual fund or ETF/Index fund

[@debbiefried3533]

I used to have a boyfriend who as a numismatist as a kid and then sold his collection to buy real estate.

[@livingunashamed4869]

Invest that money! No one needs 100k in cash.

[@emoney1231]

I wouldn't say no one... If you plan to buy a $500k house in the next couple years, you should have an emergency fund plus $100k to use as a down payment if possible.

[@tcgtpl]

Once the emergency fund is set in a high yield savings account put the rest in index funds.

[@emoney1231]

@@tcgtpl you should only invest if you don't plan to use the money for around 5 years or more

[@Davefitz04]

Everything is relative in this world. For most 100k is a lot, for some it’s not and wouldn’t really change there world much if they invested it versus just put it in a high yield savings

[@av8rgrip]

Paying off your house is one of the worst bits of advice especially if you have a low interest rate. Take that extra money and invest it. Yea I know Dave and Co don’t like that. Your home is as secure as the market until it is fully paid off. Dave’s problem is that he had a bad experience cause he was over leveraged. There is absolutely bad debt, but a home mortgage is not one of them.

[@user-es5jq6yy9l]

What about disability insurance or mortgage insurance if you lose your job

[@crystaldon4995]

I do and whats safe is a high yield savings account at 5.1%

[@louishurr393]

I stopped watching at pay off your primary mortgage and buy a rental property for cash. How do you say you’re out of touch without actually saying you’re out of touch.