How Millionaires Build Wealth! (With Dave Ramsey)

[@TheRamseyShow]

Thank you Brian and Bo for having us on your show. We hope this episode helps a lot of people become millionaires!

[@gwith22ify]

Huge flex Dave to be on someone else's show but also being able to stay in your own studio - PROPS! You are an icon!!

[@QKDavis]

Please keep this kind of content coming. This and graham Stephan shows were amazing together. Love hearing Dave asked some harder questions by other successful people and listening to him break down the difference in opinions in such a mature way. This is awesome.

[@tristangirod1855]

Dave is filled with the spirit of maturity and Godly principles. His ability to really show his advanced principles was really brought out by having other experts on air. Please continue to work with the money guy show and other experts so we can see this side of Dave Ramsey

[@mv3616]

@@tristangirod1855 Stephen Graham is too, FTX Sponsoring 😉

[@ashtonthomas3474]

Great to see this collaboration. Two great and complementary programs!

[@MaximilianFischer497]

I am a senior citizen and I believe that no one can become a millionaire overnight, it takes years of smart not hard work, time management and the right investments. Every year you don't invest you simply fall a year behind and I say this from experience.

[@MarshalWagner457]

This are some of the many reasons why a few Neighbors at the Bel Air Area, myself included use financial planners. It is difficult to combine work and investments. It’s important to consult with a financial advisor before making any investment decisions. My two cents.

[@TicheDebb0]

I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.

[@henryallard245]

I'm glad to have stumbled on this commentary, How can i find a decent advisor, It has been very challenging?

[@TicheDebb0]

Sure, “Sonya Lee Mitchell” is the licensed advisor I use. You’d find necessary details on the web to set up an appointment

[@RowanBryson]

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.

[@JulianBenjamin3d]

"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."

[@SebastianNoah5e]

Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.

[@SofiaJames9H]

Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.

[@RubyOliverm5l]

Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.

[@SofiaJames9H]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@RubyOliverm5l]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@reddragon3518]

Its called dollar cost averaging, It took me 25 years maxing out as a teacher but I hit a million Jan 10 2021.

[@TalkingMoneyWithNozi]

Wow, well done 👏🏽 ✔️

[@cyclops9125]

It should take 7 yrs to double that money

[@reddragon3518]

@@cyclops9125 double what money?

[@cyclops9125]

@@reddragon3518 the homocoins

[@ray_glaze]

Congrats

[@diane.moore-]

Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE

[@91ScottieP]

Safest approach 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

[@ThomasChai05]

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.

[@mikegarvey17]

@@ThomasChai05This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation

[@ThomasChai05]

*Izella Annette Anderson* is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@mariaguerrero08]

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.

[@KennedyVerbruggen]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[@NorthCarolinaForward]

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

[@Tanner-c2m]

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.

[@brantheeskimo]

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

[@Tanner-c2m]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@SavannahMitchell-b3d]

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

[@rangequeen]

My dad gave me Dave’s book when I was 18, changed the course of my life for the better. Love Dave, The Money Guys, Caleb Hammer. I find it helpful to keep this stuff top of mind.

[@CynthiaBrooke96]

I watch all of them too! There’s definitely some stuff I have learned! I’ve always been good with money, but I’ve gotten better. Only thing I’m doing a little different.. is I’m only doing 7% retirement right now, and putting a TON extra towards my mortgage to pay it off. I bought it when I turned 21, and it’ll be paid off when I turn 31-32. (Any extra money I get goes towards mortgage etc) Once it’s paid off I’ll add more to retirement! I’m on the right track with my retirement currently with what I have in there, plus I’m still young to add a lot more to retirement.

[@rangequeen]

@@CynthiaBrooke96 way to go!!

[@Robertgriffinne]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunt ing them in the near future.., I pray that anyone who reads this will be successful in life!!

[@tradekings5433]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .

[@Natalieneptune469]

Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

[@rannyorton]

I have been investing in stocks for over 10 years now and I have made a lot of money. My port_folio has grown exponentially and I can't thank stocks and Kate Elizabeth Amdall enough for such an amazing way to make money!

[@Natalieneptune469]

please how can i find the lady you mentioned'?

[@rannyorton]

Most likely, you can find her basic information online; you are welcome to do further study.

[@timstrawbridge]

This is the collab everyone thats serious about their financial future has been waiting for.

[@thynnus2422]

I stopped following Dave Ramsey because I am serious about my financial future. I chose to manage my money in a much more sensible and efficient way than the Baby Steps. I chose to invest in a way that is supported by academic research instead of paying commissions for expensive actively managed mutual funds that are likely to underperform their benchmarks. I use reasonable rate of return assumptions instead of the absurd and dangerous 12% average Dave likes to throw around. Because I stopped following Dave Ramsey, I am likely to have much more in retirement than I would if I had continued to implement his terrible advice.

[@cherylbroadenax1006]

@@thynnus2422 so u are still carrying your house note? Not trying to be funny. Just asking. I do get your point. I weighted this out too and I would pay for my house 2 and 1/2 times. So I am two yrs into paying off my house and should be done in 2 more yrs. Then I can throw cash into my investment well I am doing both now throwing a pile at my note principal and a chunk in my mutual funds monthly. To pay off a 237k house in 4 yrs is a big deal for me. And I am 65 so I don’t want to be 93 when the 30 yrs note is paid. So hope u see my point too.

[@thynnus2422]

@@cherylbroadenax1006 You incorrectly assumed I ever bought a house.

[@xxpowwowbluexx]

@@cherylbroadenax1006, ​Brian and Bo did a few shows demonstrating how you come out MUCH, MUCH better in the long run if you pay down your low-interest debt (like a mortgage) over a longer period of time, while investing in index funds for that whole time, than paying off your mortgage and THEN beginning to invest. The opportunity cost there is TREMENDOUS.

[@1_benjy_1]

@@thynnus2422Dave Ramsey is great to follow in a group of others.

[@jayholiday256]

I was one of the 10,000 millionaires in the Ramsey study, I did it my own way which was pretty similar to Dave and the millionaire next door. I learned this from my parents in the 1980's and on my own.

[@miltonaldridge4170]

Awesome! I think that knowledge you got back in the 1980s was worth a million itself. Good job executing and making it happen.

[@Resolve_DigitalMedia]

I’ve been wanting a video like this for a while. I found both the Money Guys and Ramsey around the same time near end 2022 and I was like “something needs to change, I need to take control of my financial life”…. I’m 28 and my wife and I are about to start a family. I want to wake up knowing my family is taken care of financially. Thank you both for the content you create.

[@OnlyRockets]

"If you stick with you, you're going to be okay", I needed to hear that. Thanks Dave!

[@KristenONeillArt]

8 Yeats ago I heard Dave Ramsey say, "You don't get a pass on math." I was trying to justify buying a house where I couldn't afford it. I moved out of the area instead. Best decision I made.

[@richardnorton2792]

Love Dave Ramsey and his plan. We went from being $150,000 in debt to becoming deca millionaires. Thank you Dave.

[@angstfree2008]

Awesome! How long did it take?

[@Ojisan642]

@@angstfree2008most people get out of their debt in 18-24 months if they focus hard, and then getting to your first million depends on how much you can earn and being diligent about saving.

[@JonathanRootD]

Sure helps when you're a business owner making bank.

[@KurtisB]

@@JonathanRootDYou act like people are born that way lol.

[@MahoneyBadger]

@@JonathanRootDstart a business.

[@NicholasBall130]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[@cowell621]

You are right. The 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.

[@StocksWolf752]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@TylerJamestown]

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

[@StocksWolf752]

Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@PennyBernadette]

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

[@ericb7203]

It's finally happening! I initially got serious about money with Dave then began supplementing and growing my knowledge with Brian and Bo. Thank you guys for making this collaboration happen. I can't wait!

[@Amanda-wo1il]

This was also my path!

[@jesswatt5824]

Same!

[@jarrettnicely7723]

This is the way.

[@rangequeen]

Same!

[@J_pearce01]

I literally just found these guys today. I found Dave about 18 months ago right before I finished nursing school. I have been trying to get debt free and paying my student loan off. I plan on checking these guys out now too

[@Wealth_Wisdom_Discernment]

All my favorite money guys!!!

[@shaereub4450]

Only missing Garette Gunderson

[@andresuaza]

As an agnostic, I really can bypass the religious remarks. This content is SO necessary nowadays. Building wealth takes time, discipline and effort. Nothing worth having comes immediately. Thank you for sharing. Big fan of Dave Ramsey!

[@TheMetalGaia]

My grandpa died 5 years ago a multi-millionare. He gave each of his kids 100k each, and then each Grandkid got 20k. I invested a good portion of it, and used some of it to buy an engagement ring. That was the moment I learned about investing and how it can work for me. Thank you for leaving me with this knowledge, grandpa ❤

[@roguela]

As a Gen Z, I love Dave's words at 18:26 about maturity. I "grew up" fairly quickly compared to my friends because my dad taught me early that to get things I want, I have to work hard. I saved money by living with my parents for a year after college and kept living frugally until I was ready to get my own apartment. Because my parents paid for my 4-year degree, I felt like I couldn't just spend money recklessly. I owe it to them to invest in my earnings because they saved and invested in me. I hope to do the same for my future family.

[@HobbySlob]

Its the Ramsey Guy show! Adress your debts with an army of dollar bills. Be a financial mutant with gazelle intensity. Live like no one else to build abundance. Thanks for this gem of an episode.

[@sweis12]

Thank you for that

[@Pickerell]

It's impossible for someone to become wealthy suddenly. A valuable lesson I've picked up from billionaires is to always invest in a diverse range of securities and to put in background effort, even if we usually just see the final product. I intend to profit from approximately $200k that I want to put in stocks this year.

[@HAARTVON123]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@HAARTVON123]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@captainmo3064]

Baby step millionaire at 41. No debt. Planning on being generous and retiring early. Thank you Ramsey Solutions and The Money Guys! Oh and I live in a NY coastal town. It can be done.

[@dennispatterson4998]

the day you stop living to impress others is the same day you start getting ahead. The book Millionare next door is a fabulous source of knowledge. I have given dozens of these to books to people with promise.

[@sc3ku]

14:09 love this Proverb as it spells it out so clearly: earning wealth is a marathon, not a sprint! Easy come easy go

[@christophermele9549]

Different ideologies, Moneyguy versus Ramsey. But both solid provide solid advice. Really great to see them come together and talk about all the middle ground. Great collaboration

[@clickbait405]

The way George looks at Dave, found his true love.

[@rjhartre]

This got me so excited that I jumped out of bed at 5am on a Saturday to watch it! Awesome collaboration. Both channels provide fantastic content!

[@MoneyGuyShow]

Read this comment to my daughter who is home from college for Thanksgiving- thanks for making me look good and for the excitement 🙏

[@sergio8858]

True dat

[@Martz7]

Dave is like the father that makes you feel secure just with being there!

[@luisg.classen7716]

I follow both, the Money Guy Show and the Dave Ramsey show and when I saw this video pop up I thought this was going to be the equivalent of The Green Hornet and Kato, vs Batman and Robbin!, debating the baby steps vs the financial order of operations… But, what I got to see was a dream team, sort of the Avengers working together to save the financially distressed. What a banquet, I just sat for almost an hour watching this without blinking. We need more collaborations like this with like minded people, doing things to help others and making an impact without just trying to sell you something, For me, the main take away was, It doesn’t matter which program you follow, just do something and do it now!!! Purely educational. 🎉

[@emilyegan390]

This could be interesting as Dave has been doing other collabs recently, but hope they don't fawn over Dave Ramsey. I think that the Money Guy Show does a much better job in many ways than Dave does. No trash talking random people. No making claims that aren't backed by anything. No offering generic advice that may not really be applicable to the question. No random tangents.

[@AV-iw3xc]

You and a very small minority feel that way. A lot of money guy viewers came from Ramsey, not much vice versa. Root for everyone to win.

[@steveback4250]

Shame these guys are fan boys. Disappointed

[@amoraacho6181]

Dave is arguably bigger than the money guys. His advice can be helpful for people who don’t know anything at all or “financially illiterate” people. But Dave doesn’t have any nuance to what he does.

[@AV-iw3xc]

@@amoraacho6181 arguably? Dude Dave has his own platform with millions of listeners to every show, everything his company puts out is best selling, he has thousands of products and curriculum in half of americas schools. Money guy has 10’s of thousands of viewers and a mid size accounting firm. It’s not even close. Not that it’s not respectable but You’re seriously fan boying hard.

[@amoraacho6181]

@@AV-iw3xc 1. if you can't tell by my name i'm a women thank you for assuming we love to see it... 2 I already said they dave is bigger never and has a bigger reach. 3. I am not a "fan" of either of them by l do consume both but dave is very old school in his way of thinking. Not saying that he is not helpful because he is to people who are stupid with money. for example he preaches not to ever buy or lease a car and to just buy beat up older ones. yes this works for a lot of people but its not one size fit all. I bought a new car cash because my old car that i bought used had a bunch of problems and was basically a money pit. The car l bought was 1/4th of my income l paid it off in a year. also since it was a hybrid car l got tax credit for it. I plan to have it for 6 or 7 years if not longer. which if would be the same as if l got a used car but it only lasted 3 years. but dave would never bring things up. my general rule of thumb is if l can't buy this thing 5 times right now...I can't afford it. l could afford a new car 5x so l got a new car. but thats just not a concept Dave is behind The only one fan boying/fan girling is you here.

[@shannon3994]

At the heart of it, the advice shared by both teams has more similarities than differences. If you are here because you are a fan of both, or a fan of just one of them, you are ahead of the curve. You'll do fine.

[@devereauxjnr]

Great Content in your channel!We choose to invest over paying off our mortgage because we still have 30 or more years of working left to do and because it only consumes 15% of our income. We might be more concerned about paying off our mortgage if it were larger (or if our jobs weren't as secure), but right now, investing offers a better return. Bloomberg and other finance media have been documenting stories of people making over $250k in a couple months.

[@Petroguest-i4g]

Invest if you actually want to be wealthy. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...

[@2024Red-j5t]

@@Petroguest-i4g At less than 3% interest, it makes no sense to lean into the house. Over the long run my investments will make anywhere from 7-15% interest. Compound interest only works if you're investing regularly. You're wasting valuable time when you're trying to clear your mortgage. I'm not the only one who realizes this, it's a very common mindset when it comes to investments. My FA has really helped me on my decisions and since then I’m not looking back

[@2024Red-j5t]

@@Countstep0099 Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

[@jayb.8460]

I'm curious because I saw breakdowns on how you are paying for two houses pretty much. From interest, it seems like you would have to make sure your investment profit is pretty much triple to make it make sense. I'm not sure, so any explanation would help me.🥲

[@carieyounginsurance]

Look at George! He contributed a ton to this show. Congrats on your success! Love the Money guy(s) and Dave Ramsey!

[@boomerang627]

I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.

[@spaceship30]

you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.

[@skydiving81]

Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.

[@jordan56678]

@@skydiving81 I totally agree, the end worries of handling my finance came in the person of a license advisor from CHARLES SCHWAB, and in less than 5 years, I've made it into a staggering $10M after subsequent investments. In my experience, fear can take control if waiting too long to set investment goals, but that should go away once you set the plan into motion.

[@castlerock4207]

@@jordan56678 wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?

[@jordan56678]

@@castlerock4207 My FA is "Ashley Breanne Haley'' watched her on a CNBC interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look up her name online if you care supervision. I basically copy her trades.

[@Mlanderos-t9e]

The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $160K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.

[@MilaCruz-d5r]

I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@CameronDonna-w7n]

Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

[@ryannemdjen]

Could you kindly elaborate on the advisor's background and qualifications?

[@CameronDonna-w7n]

Judith Lynn Staufer’, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in

[@Mlanderos-t9e]

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.

[@Retiredmco]

Wish the book and author of this topic was given the proper credit!!! His name, Chris Hogan!! The book title, "Everyday Millionaire's"! I still have my personally signed copy when Chris was at Ramsey solutions.

[@doomshallot4203]

OMG I THOUGHT THIS CROSSOVER WOULD NEVER HAPPEN. THIS IS AWESOME!!!

[@zoraster3749]

Money Guy and Dave Ramsey… I’m going to one up Bo and be super super excited!!! Can’t wait!

[@Yackblaster9000]

Man you could tell how honored & joyful Brian was to be doing this with his team and the Ramsey team. Love it guys!

[@morrishooks7536]

I followed Daves advice and am debt free. I save about 60% of my income every month. I live in a affordable place. Live on budget and live frugal. I learn the habits by walking myself out debt a little at time. I been out debt for 2 years and want go back in. Life is great!

[@donaldlyons17]

If you make more than you spend over time why do you even mention Daves advice. Your income potential should have made if possible even without his advice.

[@morrishooks7536]

@@donaldlyons17 I was in deep debt with my income. I learned from him how to get out debt.

[@donaldlyons17]

@@morrishooks7536 Well maybe you needed it but as for me with a high enough income and low enough expenses I don't need Dave Ramsey.... At some point the math should take care of it self...

[@ElectricBlueIX]

Refreshing to see y’all come together and talk about the goal of reaching people who are hurting, not just financially. Like you said, we’re on the same team. I think a lot of people want to place everyone in a box and it doesn’t have to be that way! Can’t wait to see more collaboration!

[@YankeesFan0620]

This was amazing!! Thank you so much for this collaboration Ramsey Show and Money Guys!!

[@CliveBirse]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[@JulietKellyy]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@ThomasChai05]

That is why I work with *Camille Alicia Garcia* , who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

[@mariaguerrero08]

@@ThomasChai05 Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

[@Susanhartman.]

Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified

[@diane.moore-]

This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.

[@emoney1231]

Never really thought about the fact that Dave recommends about 40% savings rate for a large portion of your career. He said 7-8 years to pay off the house on average. After that, you still do the 15%, plus the 25% for housing can go toward savings.

[@lavs23]

I have to share this one with the older kids. Life lessons about attitude, focusing on a target, avoiding get rich quick schemes, finding a purpose for work, thinking bigger than yourself, even about not sweating/arguing the small stuff (15% vs 20% when most don't start). Love it!!

[@CRCCPastor]

Huge! Sitting at the big desk! Learned tons from Dave beginning in 2004. Got to BS7. What a blessing to be Debt Free! Learning tons from the Money Guys now (still listen to the Ramsey Show too)! Glad to see the coming together!

[@JB-kx9bx]

I am one of those nerd millennials that got hooked on Dave Ramsey in 2010 when I had >50k in student loans. By 2012 I had 85k in student loans from grad school. Less than 18 months after starting my first job I paid off all of my student loans and started maxing out my 401k after that. I did make some stupid choices after that but I am now 37 with 400k in savings after being 85k in the hole 12 years ago.

[@anthonymalueg3520]

My two favorite financial influencers in one stage

[@Angelinacortez495]

There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[@danieltaylor--65]

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

[@SmartMoneyBro]

It starts with belief. The right attitude is everything.

[@gregoryreinert9629]

All my favorite money people! I’m so glad this collaboration happened. Thank you for a great show hope to see more!

[@waybackgaming1345]

This is like the Marvel Universe coming together, You all are the Avengers!! Thankful for all the knowledge you all provide

[@AndrewNowacki]

For some reason I was born into a family that valued being thrifty and planning for the future. At 22 I started contributing to a Roth. I made lots of mistakes along the way with spending, but I always saved and invested. I even took several years off and didn't work. And yet over time the habit of saving and living frugally made financial success happen for me. It's not about being perfect, or doing it right the first time. As Dave has proven, even if you stumble and fall and start over several times, you can still achieve wealth and I agree.

[@jeffb.2469]

The Days are long but the years are short. I honestly have never heard that saying, but man it's the truth when you get my age.

[@dorissteve912]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@ErinTalksMoney]

Literally so excited for this collab! 😊

[@carlosespinoza3850]

I always love to see that you are here with the rest of us watching Dave, Brian and Bo. Love your content Erin, keep up the great work!

[@USCarolinafan13]

Me too! Time to go watch the video you released this morning too while finishing my workout 😅

[@dbdouglas]

Right on @Erin Talks Money! You're doing great, too, with your content! (Subscriber) *Watching all these shows gives little time for spending money!

[@d_all_in]

What George said about "belief" is so true. So many people my age think its impossible to own a home or retire. I've owned my home for 5 years now. The only difference was that I believed it was possible and took steps to make it happen.

[@donaldlyons17]

In my experience companies tend on work on cash not belief....

[@zo_471]

I’m so grateful to live in a time where this info is so readily available and free.

[@LanceyRoche]

getting into Investing to create a passive income should be priority of every financially literate person...I made my first million from having a secured diversified portfolio that spread across stocks, grade bonds, coins and etfs.. ever grateful to Lisa Rosa Cavanagh my CFA handling my portfolio. smart investing is key

[@gagnecaron658]

Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.

[@stephmeldrich6765]

out of curiosity I did read about Lisa Rosa Cavanagh on the web.,she has a great resume.

[@stanleyfujiwara1394]

An everyday millionaire. Well done

[@jakeconrad2130]

“Now it’s just coming through the Ethernet” 😂😂😂😂 oh dave

[@emilyegan390]

Lol... I caught that too. His KZbin videos are frequently comedy gold and while he has sincere fans a *lot* of people poke fun at some of his goofy comments. Some are just mistakes, but some are him just not listening.

[@shortermama8099]

That was a very encouraging video. I loved the close. We want you to succeed. Go do it! My husband and I met leading an FPU discussion group. We've been walking this road for over a decade. In recent years, we've gone through Money Guy courses and have been blessed by you guys to take more steps. It was so great to see you guys chatting together and showing how you are on the same team of trying to help people. Loved it.

[@paulocosta-zv7bd]

Absolutely, it was also on a video like this where they recommended an FA ,Donald Ben Taylor, I reached out to him last year and he helped me achieve my first million through digital assets

[@yucreate]

I love you guys and I love Dave Ramsey. Seeing all of you together was wonderful.

[@mb3938]

I needed this! I started my journey this year, so far my etf investment account shows minus 4k in value (you don't lose if you don't sell),, but I know that I'm buying them discounted for when they pick up. Im not thinking to retire tomorrow. My journey is 30 years, so I know these hard times will be a drop in the bucket. Really awesome episode and great questions!

[@Mr_P]

Great collab, but I missed the stuff you disagree on. For example, I was hoping for a discussion about whether people should use creditcards. Sure, you can meet in the middle at the end and we know Dave's audience is mostly different than that of TMG, but it would be nice to see the discussion.

[@ThePatriots010304]

It's amazing that roughly 80% of millionaires are first generation but what's more amazing is that the wealth is all but gone come 2nd and 3rd generation of those families. It just goes to show how it's all about the journey and not the destination.

[@nathongknight]

This reminds me so much of high school. Yes, I know I should study and get into a good college, but friends and being cool is more important. I know I should follow all this now that I’m older, but the same thing applies. Enjoying life is more important right now. I am saving btw, but it could always be more.

[@jg5875]

Great advice here for younger people. There are no financial shortcuts and spend within your means!

[@bjmgolf3651]

Key takeaway- what is the motivation or passion behind your daily walk in life? Great question that if each person answered it honestly they could be on the path to a purposeful life! Excellent episode from everyone on the show!

[@baseball741]

With rice and beans of course!

[@furiousrcj]

On review...while I appreciate the advice from Dave's team, there's something a bit cantankerous about Dave's approach. You don't have to put folks down in your delivery. That's why I personally prefer the MoneyGuy team and their approach to wealth-building. Personal preference.

[@gvwj]

I must have missed the part where they "put people down". However, if you equate speaking facts to hurt feelings, then you have more issues than just money.

[@charlescc1000]

10:45 Dave missed the wide spread transition to low cost index funds!

[@thynnus2422]

He can't tell the truth about index funds. If he did it would cause him to lose revenue from his pay to play broker lead generation service.

[@jorgesantos8677]

Hello from Puerto Rico 🇵🇷 , I love both programs.

[@michaelbrady4440]

This was a tremendous episode!! I appreciated the wisdom that was shared, and the mutual respect that was evident!

[@robertyauckoes9473]

2 of my favorite financial podcasts. The dream team right here! Please do this more often!

[@matthewgreeley3099]

Love that you 4 got together and did this collaboration! You all have basically the same values and systems to build wealth. I hope you guys can do this again! Thanks so much

[@andrewgibson1991]

What a super team of personalities Dave you should start a new show with these guys everyone waits for their turn and all on the same level of competence

[@Sjohn1107]

Nice to see Brian and Bo to be on the same platform with Dave Ramsey. However, while Dave has changed the financial outlook for many, he often is so full of himself and his ideology it becomes a turnoff. As you become financial literate, you'll notice that Dave repeats the same mantra that everybody is dumb and broke if you don't do it the Ramsey way.

[@roseroland1998]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof, against the incoming financial rest? I'm very worried about my $460k stock account because I've heard that the next market fall will ruin the financial sector.

[@glenbert1396]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions

[@tharpeaddy]

Dave Ramsey has helped me out and changed my life I often forget what habits I knew Dave Ramsey It’s so weird to me when people’s lives living paycheck to paycheck in debt and make more than me lol

[@colecarpenter3022]

Boy Money Guys always talked down Ramsey investment advice with Active Manage funds with Index funds or ETFs

[@MargieDeLeon-f1c]

🤔 huh

[@TBIhope]

I’m so so SO excited for this!!

[@HoustonTom]

Only on minute 1 but I’m curious to see if differing opinions on credit cards are discussed.

[@droid2D2C3P0]

Pretty sure everybody just avoids that topic with Dave now. He refuses to budge on it regardless of the argument so it's pointless to even bother

[@mel7372]

After watching this, I very much appreciate that the Brian and Bo don't refer to their viewers as dummies and as stupid as a rock. (At least, not on the air!)

[@emilyegan390]

This. I think the contrast is pretty stark. Dave Ramsey mocked a few people in this video, but he is pretty tame compared to his regular show where he can't avoid criticizing people that don't praise his advice. Even when the evidence clearly paints Dave's advice in a bad light Preston and Bo are pretty tame in their criticism. The difference in professionalism is pretty stark.

[@sgresham32]

Exactly. I mentioned this on Twitter years ago and I was blocked. He talks down to his listeners whereas the Money Guys truly show empathy and understanding.

[@Mr_P]

In the conversation you also can notice that Dave never asks Brian and Bo a question, even if it is out of interest like "how did you build your audience" or something, his comments are mostly pats on the back like "You have done nice for yourselves, good for you". Yes, Dave is a greater finance guru than Brian and Bo, but he also never lets you forget that fact.

[@gvwj]

I'm grateful Dave tells it as it is. Yes, I was a dummy for spending money I didn't have. Tough love. Get over it.

[@amanditaroa]

My two fav podcasts, thank you for getting together

[@alexr3950]

This is like the scooby doo - batman crossover 😂

[@massiminitrains]

I think there is utility in Dave's message. My partner's parents went through FPU sometime back in the late 90s or early 00s and are well off today, though I think they were in relatively good shape to begin with. Dave works for a certain segment of people, mostly financially illiterate, evangelical Christians who need that tough love message hammered into them. His message really works for that group and has helped millions handle their finances. I actually listened to Dave for a while starting around 2018 and enjoyed his message. Then sometime during the pandemic he really shifted and got much more combative and I wasn't able to stand listening to him anymore. This episode is the most mellow I have seen him and if he maintained this demeanor I think he would be much more watchable for a lot of people.

[@tustak]

One thing I miss from both your channels is the discussion of money being more worth when you are young. There are many things I want to do now, I will not be able to do in 10 years. With that in mind how do I motivate saving money (and give up dreams in my younger years)?

[@myyt3824]

THE COLLAB WE’VE ALL BEEN WAITING FOR

[@jaypal3815]

I think some people (me) have to learn somethings the hard way. The important thing is you grow and learn.

[@mig9241]

This was one of those shows I hope get pushed into the school system so our kids can understand the simplicity of how to become a millionaire and just by staying focused…

[@claudiavel22]

I love these 2 teams.❤ They have been a cornerstone in my financial journey.

[@laurawardlaw7938]

The Bible specifically says that wealth gained hastily flies away and whoever gathers little by little keeps it. Proven to be true over and over again.

[@bradbarber799]

WHAT?! My two favorite financial pod casts in the same video!

[@judithgrace9850]

I enjoy caring for myself, and out of my extras, I generously helped honest and non. Eggsfs. I do not loan money, and when you are dishonest, disrespectful, or deadly,. I quietly drop evil demons. I never wanted to be a millionaire. But help others with my extras

[@TheFirstRealChewy]

I believe for most people the issue isn't building wealth, it's building wealth slowly. It takes too long to make the money they want to make and live the life they want to live. We are living in a time of instant gratification. Less people are willing to sow a seed and wait for it to grow, so they sometimes do all sort of things to make it grow faster and those things end up killing the money tree. A lot of people put in a lot of hard work, mixed with right timing, to get to where they are today. You can spend all your time learning what they did, but even if you do what they do it's going to be your own journey. So focus more on your journey and what you are doing to get to where you want to be. You'll find that you can't take all the same turns that someone else took because the roads are now closed. Likewise, someone looking back on your journey will realize they can't take all the same routes you took. Create your own path because you really don't have a choice. Don't waste time saying, well, he got lucky because XYZ was available then but isn't now. There is something that is available now that won't be in the future. You won't really know if it was a good, bad or excellent decision until years later. If Amazon and Apple went out of business no one would be saying investing in those companies was a smart decision.

[@donaldlyons17]

Building wealth slow is an issue because the longer it takes the more likely something might go wrong with the process......

[@AlexYurchak]

Please debate credit card usage.

[@amireallythatgrumpy6508]

This has almost certainly been filmed already...

[@emilyegan390]

I know when Graham Stephan did a collab with him the topic came up although Ramsey was surprisingly calm about it compared to on his show where he typically dismisses that it is even possible to come out ahead using credit cards. We'll see if the topic comes up, but I am skeptical that they'll get too deep into the topic if it comes up.

[@michaelhernandez2868]

Been using my credit card to pay for everything except mortgage payments. I pay off the balance every month, don't pay any interest, get a tax write off for my real estate rentals expenses & get cash back on it all every year.

[@slimjimhoff]

This is like the crossover episodes of your favorite cartoons as a kid

[@ARFFWorld]

Why did you private the car buying livestream? I was mid way listening to it

[@thynnus2422]

They will probably release it later this week. That is usually what they do with their live streams.

[@ARFFWorld]

@@thynnus2422 thanks

[@J0HN3]

Thank you to both teams for making this collaboration happen! Can’t wait to share this knowledge with my loved ones. ❤🎉