I'm 22 and Getting $1,000,000. What Should I Do With It?

[@realbenhayen]

For anyone who is jealous that he has a mil, I guarantee you he would give it all up to get his dad back. Count blessings and spend time with your dad.

[@Keshaun1986]

Amen money 💰 doesn't make people come back

[@josephinenelan4204]

For real. I didn't even have a "good dad" and yet I miss him

[@achavez78]

FACTS

[@nmarkert01]

My dad tells me all the time ‘when I’m gone you get it all!’ Probably like half a million between the house and assets. As if that’s a consolation prize for the fact that he’d now be dead…. 🙄 he doesn’t even understand why I sarcastically say ‘oh yeah. Can’t wait.’

[@clarifyingquestions]

True - he has his whole life to go through without his dad. No Grandpa. This is heart breaking.

[@leticiareyes2796]

Do not tell your “friends” you have that much money. Please. God bless you and guide you.

[@linuxsurfer2002]

Love Dave's advice not to invest in anything he doesn't understand. Also I agree with the comments not to tell anyone. People treat you differently if you have money, or so it seems.

[@stephensullivan1011]

It is true. It's honestly sad/kinda annoying

[@megalodon1726]

Most importantly: Don't tell any of your friends or relatives about this money (except those who already know).

[@candy2325]

This 👆🏽

[@kennethroyer9949]

100% CORRECT!

[@d.j.daugherty4945]

my mom died of cancer recently and set me up for my future...Coming from someone who likes money (me) it does not buy you happiness and I would give every penny to have my mom with me.

[@John.Asante]

His first piece of advice is perfect

[@tedmartin4882]

I would be curious to see where he is in ten years. Best of luck to him. Hope he doesn’t blow it like some of the lottery winners we hear about

[@jdtreharne]

The fact that he's calling Dave to ask him gives me hope

[@I_like_turtles_67]

Most lottery winners were living paycheck to paycheck before they won. So it makes total sense that they'd lack the experience to NOT spend it all.

[@buckybarnes3803]

Also I'm a representative of the Beans and Rice Association and I resent Dave not recommending the usual for this caller. He could keep us in business for awhile

[@Aristaifly]

when you grow to CEO of your association, you plan to eat more beans & rice or less? Trying to understand if this association is set up differently.

[@evalina98000]

🤣

[@azteca6695]

And don't tell anyone!!!!!!!

[@NYKensington]

Down payment on a tank of gas maybe? 🤷‍♂️

[@ikeacha4153]

Severly underrated post🤣

[@EthanCowlbeck]

Time and place man, c’mon

[@tonytelleztalksfinance1345]

Or join a limited family partnership double backflip

[@dekirkbride]

I once took a personal financial management class and on the first day’s session, the professor asked a ponder-worthy question: If you had $1M, what would you do with it? You never heard so many gears ⚙️ working in everyone’s heads click so much.

[@wouterty]

I ask myself that every day just to see if I am doing what I love doing. just with 10 million , would I change what I do now? If so I am on the wrong path.

[@peterrose5373]

First time I ever heard anyone asked that question, the answer was "keep farming until it's gone."

[@uptobatentertainment]

My cousin recently passed away from ALS ( Lou Gehrig Disease ) RIP Ben. It’s extremely hard to watch your Dad / loved one suffer from a debilitating terminal illness that has no cure. RIP to all of those who have suffered from ALS & any other terminal illnesses..

[@mathew4239]

He's a millionaire but at what cost 😔😟

[@xman666soad]

We all pay atonement, sometimes our Father needs to test that payment upfront. It’s part of his mercy and grace, the man was suffering, he was living for his son, but at what cost? Terrible emotional pain on all sides, yes, But don’t question Him, he has your best interest at heart, that’s why he’s the Ultimate Leader. He already gave us hard choices to overcome and show Him how we can be more like Him.

[@hmj8469]

First piece of advice - When you get the million, don't act like you have it. Play your cards right and that million could be tens of million. If I woke up tomorrow and I was 25 I would pay cash for a couple houses, rent them out for cash flow, throw a couple hundred grand in the S&P, then start a business.

[@pedrolopez3755]

Ayeee S&P

[@Anonyme67]

Dave is soooo right. I learned this the hard way

[@chucksinger1916]

As usual Dave good sage long in the tooth advice! I hope he educates himself well and takes your advice Principal’s!

[@Tammacazi10]

Index funds, reinvest dividends, boom that’s it

[@neolithic3]

Yep! No need to do anything fancy. Nice and easy, and he is set for life many times over with being only in his early 20s.

[@bruhhmomentumm]

That’s what I’m saying. Easy money

[@catt99mahal8]

Your dad would be so proud of you young man.

[@monsterous289]

As a 25 yr-old multi-millionare, this is definitely one of David's better videos. Great advice in general. One thing: Don't rely on advisors. If you need an advisor for a subject you know nothing about, then you don't have enough knowledge to know whether the advisor you choose is making sense or is even working against you. Ex: I self-learned everything I need to know about Single-Member LLC's and my taxes, but I still then chose an attorney and CPA respectively to make sure nothing slipped through the cracks.

[@torresthemonster]

How’d you become a multi millionaire ?

[@scapingby]

@@torresthemonster he got a second job delivering pizzas and set a budget obviously

[@teeduck]

So you still didn’t understand things so you hired an attorney and CPA. Go figure

[@monsterous289]

@@teeduck There's no shame hiring a professional to double-check work done

[@teeduck]

@@monsterous289 you said you self learned everything. So if your attorney says your work is wrong are you going to get a 3rd opinion to see who is correct?

[@buckybarnes3803]

This is a recurring caller and Dave missed some opportunities again. Finish your degree, take a lot of finance courses while you're there, and ask yourself how would your dad want you to manage all that money and what would he approve or disapprove of. After all he worked all his life for it.

[@ehiggins7476]

Nothing wrong with Dave's advice. Principles is the bases to success, and to manage that much money he needs to focus on that. I agree with you about finishing school and honoring the memory of his dad but It all boils down to principles.

[@Rocky-uy7sd]

Hindsight bias. I’m sure Dave would answer many questions, maybe all, somewhat differently if he had the time to analyze and properly deliver each case individually.

[@peterrose5373]

@@Rocky-uy7sd I'm not sure he would. He has a formula, and it works if you can stick to it, and he generally doesn't deviate much from it. even if there are special case adjustments around the edges that might work out a little better. Sticking to the plan might slow you down a little bit, but you're extremely unlikely to end up anything but wealthy if you keep at it.

[@Rocky-uy7sd]

@@peterrose5373 yea I agree with you I dunno why I said that tbh

[@kylemccarthy02]

Money comes and goes, but not your parents man. Family is priceless. I wouldn’t give up my Dad for any amount of inherited money.

[@marcusarelius]

Invest it all! Create a plan that has you walking away from a job or corporate America by the age of 40 or before! Do that!!!!

[@feodiente9460]

I second this comment.

[@ghostoferlock]

Very important, listen when Dave says of investment planners, professionals, etc. A good investor realises what they don't know. If someone tells you they know exactly how things will go, listen to a point. Someone who looks at what they don't know will make more thought through choices.

[@Fedgery007]

Do your homework. Get a financial education. Don’t invest all of your money in mutual funds so you can finally enjoy it when you’re almost dead. Again, financially educate yourself. Read books. Start compounding while you’re young.

[@achavez78]

And above anything else: do not get married!

[@masonmclean7597]

@@achavez78 is it really that bad?

[@smashadams85100]

@@achavez78 facts!!! Unless he wants to lose half of his assets lol

[@asim9738]

@@achavez78 Stop giving negative advice about getting married, probably just because you have had bad experiences. I've been married for 17 years. Me and my wife work as a team to build our wealth with hard work and a mutual understanding! There are plenty of decent women out there that stand by their man. You've just got to do your due diligence in finding the right partner who you can build a solid healthy & wealthy relationship with.

[@DavidRamseyIII]

@@asim9738 exactly. There seems to be a substantial overlap between people who are anti marriage and people who are broke losers

[@elliotsmith4913]

Maybe fill up your truck and if your lucky you could top off your lawn mower.

[@ThahnG413]

That's optimistic

[@krninja22]

Lets go Brandon.

[@boozyyt8070]

Sleepy uncle joe

[@investedfemelle7564]

🤣

[@marcusvision]

This question has been answered almost a million times in the same way 😂

[@pinned_bymarkmoss8580]

Thanks for Watching ^^Hope to read from you immediately for more guidanceⓇ Don't forget to smash the like button ~~~whatsap below! !🌙🌙🚀..~

[@DeepakJindal07]

My advice: connect with financial advisor, and set a goal to finish college using the interest on the money only.

[@debbietucker1038]

Very nice Dave. Good show.

[@arabianqueensheba4218]

Best dad may he rip

[@susancollins2380]

Avoid debt. Cut cost. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. I have purchased growth stocks this past few weeks. I'm going to sit back and observe how this plays out, adding more at a time. My investment strategy with my F,A Rita Wildrin Mora gives me the best returns even during recessions. Its been a year of steady growth.

[@jaynaparker8874]

Pretty impressive, I have been on the wrong side for far too long and I'm willing to make consultations to improve my situation. Can she help me?

[@robertharvel6482]

Our mentality is messed up, we validate ourselves with wasteful vanities. I'm also on my way to the millionaires club from investing in stocks. It's a long term plan for me.

[@craigrussell2045]

@@jaynaparker8874 I did a quick search and found her web page. Her resume is quite remarkable, I wrote her and I'm waiting on her reply.

[@RAJohnson713]

$438k in cash with a 15% inflation rate..... ouchhhhh

[@InspireMe819]

Owning real estate is a headache. With that free money just invest in dividend index funds and watch your money grow. In ten years, quit your job and live off of only your dividend income and pay a 15% tax. That is how billionaires do it. They live off of dividends and pay very little tax.

[@dylanbrowning649]

Ive always been curious what he was worth. Now I have a ballpark. Congratulations Dave! Well done sir!

[@rodrigok1220]

I’d diversify it in ETF’s… ever hear of VOO I’d be cautious putting it all in one bank account… I’d not have more than FDIC limit in a bank account, but that’s just me.

[@Scarface_445]

6:18 Disagree and agree. Using the word leverage in this context is not leveraging, it’s called giving it away to stupid ideas. Proper leverage would be as simple as throwing it into the market. That’s it. Leave it alone.

[@triple_gem_shining]

Great advice dave

[@HS-hi2gc]

Money not everything it's just a tool that we need to survive.

[@peterrose5373]

Money isn't everything, but everything costs money.

[@tylerfoss3346]

"Dave Ramsey has several hundred million dollars." Really? Congratulations! Good for you, man!

[@RAJohnson713]

humble brag

[@agr-tech]

@@RAJohnson713 yes, but It’s important to know… I would rather take advise from someone with hundreds of millions of dollars, than some one who doesn’t

[@quietsignal]

Just hire advisors and throw it all in real estate and stonks...you will be fine...

[@JustinCase780]

@4:52 Board of advisors recommendation (that ALL are hungry fish desperate to take a percentage) ... "heart of a teacher" 🤔🙄... Say what? They will clean his clock. He needs to self educate starting yesterday.

[@kennethroyer9949]

100% agree. You wouldn't be surprised nor I but many folks out there would shocked to find out how stupid some of these so called professionals are. I was at a dinner with some friends (years ago) who had their friends with them and one was a Registered Investment Advisor I mentioned the Dow to Gold ratio he was embarrassed that he never heard of this valuation based indicator! The Dow to Gold ratio is NOT some off the wall indicator but a valuation method letting you know if the stocks or gold is under or overvalued! Most of these guys and women also I just SALES PEOPLE and will sell whatever is the popular at the moment pulling in commissions!

[@triple_gem_shining]

You're not in Kansas anymore Drake

[@pinayinuk]

So helpful to watch

[@davidrigby-yo9zh]

This caller has a different problem: he must take distribution from the inherited 401(k) plan within 10 years. Only spouses are allowed to roll it over.

[@quietsignal]

Past history has shown that real estate and stocks never lose value...

[@aaa-dc5us]

Rest In Peace

[@InspireMe819]

i would take the money and invest it in schd.

[@ibarix]

the intro sound changed again. they are messing with our heads :)

[@quietsignal]

It looks like advice on how to be a prepper at this point...

[@dancalmpeaceful3903]

Good advice....GO SLOW....talk to old people WHO HAVE money already.

[@aaa-dc5us]

Much love

[@sunnydays4966]

I would do baby steps, where students loans question, keep the 401k in a IRA.

[@ClaxtonBay123]

Our Rich Journey KZbin channel has a new video on this that should help too. One of my fav pf channels.

[@millsathn]

Go short on Tesla

[@fields1336]

I couldn't imagine my parents saving a dime for my development or future 😢

[@BrezzyBoi33]

Instead of crying about it, make sure that stops with them, and provide for your descendants

[@johndone8045]

Buy amazon or tesla, specially amazon before the split

[@Brian-hd4rb]

the broke guy telling the wealthy what to do with his money🤔

[@johndone8045]

@@Brian-hd4rb dave is mediocre wealthy And his investment plan will never get anyone anywhere before 65 Simply pathetic

[@Brian-hd4rb]

@@johndone8045 I'm talking about you. I agree that his investment advice sucks, so does yours.

[@basstib.9343]

Keep feeding the 401k put the rest in mutual funds and maybe leave 100k for a more than solid down payment for some investment in real estate.

[@REVECRIT]

Me too I bought AmC!

[@danbgt]

Get a really good financial advisor that you totally trust.

[@elisahamilton73]

Don't go crazy, be wise and get advice and educated.

[@upgr8king]

D R is the 🐐

[@justins5756]

Voo, and a house

[@RiggyRonnie]

Did he say he’s getting it now or when he’s 25? Big difference could be worth more by then

[@stevemyopinion423]

shit this put a million in the market, find a job with his college degree, put in to 401k, and then just live you life, maybe work less hours if you want, buy a house when ready, maybe buy a aprtment building when ready, enjoy life.

[@AaBbCcDdEeF]

It’s $1 mil. I hope the caller doesn’t take the advice on lining up a bunch of “experts” to take his money in fees.

[@candy2325]

He also should keep it a secret and not tell his friends about it. People get excited and start blabbing

[@I..cast..fireball]

Buy VT. That's all he needs to do.

[@user-jy7yw5kw3w]

Ramsey rubs his hands together 🙏 “let me introduce you to my smartvestor pros.”

[@SirD1]

What would Graham Stephen do?

[@xslayr03]

Calls on GameStop

[@boomn216]

That's all I have is a couple funds and buy used cars.

[@taressastraughter7788]

Have an emergency savings, pay off all debt and the rest in index funds. I know he may be still recovering for his dad death, sorry for your lost.

[@patrickorourke41]

What should he do? Donate to charity!

[@mackenziethompson672]

roll to vegas in a rolls royce and bet everything on 25 black

[@krobdawg]

Draaaaake? Draaake?

[@connorpasco4352]

rather keep my dad sorry for your loss

[@SuperFriday]

It's the same callers every time

[@ohmylanta9973]

They won't listen to my story when I called LOL

[@javierhuizar4207]

Ah the old introduction sound is back. Perfect.

[@ikeacha4153]

Maybe they got too many complaints lol

[@JP-uy9kq]

spend 250k on traveling, lady service providers and partying. Put the rest into savings and investments.

[@bluecollarman_x]

DO NOT GET MARRIED!!!

[@clarifyingquestions]

Dave did alright* but I guess he has the brains to pick the right person to be the mother of his kids and a wonderful life partner. I guess we call that being an adult as opposed to being bitter. Hope your life gets better.

[@deb6061]

Buy eggs, milk and bread! 🤪🤪🤪

[@pinned_bymarkmoss8580]

Thanks for Watching ^^Hope to read from you immediately for more guidanceⓇ Don't forget to smash the like button ~~~whatsap below! !🌙🌙🚀..~

[@zoodleinfo]

Do not put your money in the stock market. As far as trading. If you do. Only 10 percent or less. The stock market is a scam and heavily manipulated. I’m nvest in a high int savings.

[@georgehopkins1708]

Give it to me!

[@julieshrock4392]

Invest it

[@KnockoutInvesting]

Buy cardano right now.

[@taylorlangley900]

Sell the car... Beans and Rice

[@quietsignal]

I'm pretty certain DR has no clue how to set up a studio, contracts with minions, could not even change the oil on his daughter's car if his life depended on it.

[@DGA-808]

Buy luna 🤷🏽‍♂️

[@carloszach8614]

I will forever be indebted to you 😇 i was able to build a big income stream investing with Mrs Natalia Watson , you've changed my whole life, Thanks so much

[@michellethomas6947]

Amazing I also just started trading with Mrs Natalia Watson, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing

[@marcenelj]

I called Mrs Natalia and she stole all my money

[@Scarface_445]

Scams.

[@carmelotreviso]

Spend it on a Lamborghini

[@kemsprite520]

I’m more of a mclaren Porsche guy but he gets the picture

[@jake78441]

🤣 whattt

[@demetrius6698]

Smart guy !!!!! 🙏

[@fsmoura]

Whatever you do, don't get married. 👌

[@achavez78]

FACTS!

[@achavez78]

Don't get taken to family court!

[@JRMiracleman]

Buy GME :)

[@bobbyb7672]

Draaakkkeee!!!??

[@ivanZ.4]

Take it to the casino , and attempt to double it! Duh 😒

[@achavez78]

Above all--- DO NOT GET MARRIED!!!

[@dancalmpeaceful3903]

MOST DEFINITELY......never tell a woman that you're dating about it....

[@quietsignal]

Unless you want to donate half your stuff to the thot...

[@achavez78]

@Delores B you are absolutely correct . Elevate you right on up to the family courthouse to get that payday!

[@MoonMoon-fx1op]

@@quietsignal what woman hurt you bruh? 😂

[@dancalmpeaceful3903]

@Delores B It's difficult..but you can find that RIGHT person....just be careful and vet them thoroughly....

[@CharlesTeague77]

give it to meeeeeeeeeeeeeeeeee

[@tonytelleztalksfinance1345]

Does anybody want to join my Limited family partnership double backflips partnership 😂

[@rnt45t1]

someone give me money....

[@untouchable360x]

He should get married ASAP to a single mother. He can be a real man and raise another man's seed.

[@johnnydoe9969]

Why single mother

[@MrTmenzo]

Lol no way

[@achavez78]

Then get taken to family court, and end up broke

[@zaad5273]

lol! that would be his WORST mistake

[@RAJohnson713]

lol wut

[@Shibacentric]

Never seen a high net worth individual (like Dave) always remind ppl of his wealth or when he got his real estate license. It reeks of insecurity. Dave doesn’t know everything and there are plenty of ppl less successful and quite a few who are more successful. Let’s bring back humility and hard work without having to point out all of our accomplishments

[@ThahnG413]

It's called ethos Karen

[@krninja22]

Daniel, thank you for taking the time out of your important day to write this very insightful comment that helped literally nobody.

[@Shibacentric]

Are y’all the Dave Ramsey apologists? Did I touch a nerve to your precious leader? Take criticism snowflake

[@geraldineheimy7748]

Some people misinterpret when you mentioned about your hardship and became successful. I’ll do the same to encourage that everyone can be successful by following Dave steps.

[@georgewagner7787]

It's a talk show. He's getting his credentials, not bragging. He also talks about his mistakes

[@KennTollens]

What would you do with 40 billion?