Pull From My Investments to Build My Emergency Fund?

[@LittleMopeHead]

Looks like thw show changed its name from "The Dave Ramsey Show" to "The Ramsey Show". Also that new quiet intro.

[@LG123ABC]

Much more headphone friendly!

[@alladreamwedreamed]

We gotta let Papa Dave retire sometime :)

[@Lepo4256]

I love that new intro! Much nicer on the ears

[@WannaBeHocker]

I think he's retiring.......

[@smithpianoservicing3421]

Love the new intro.

[@tareshtheentrepreneur1327]

Every family has a person who breaks the chain of poverty. I hope you will be that person!

[@shivarahul-3387]

Yo are you following me? You are literally everywhere

[@michaeld751]

I wish that were true.

[@Tehui1974]

"Insurance is defense, investments are offence" - I love that.

[@estyria5961]

...36k would be a year's worth of emergency fund for me. Ah well, different lifestyles.

[@wewhoareabouttodiesaluteyo9303]

Build it up to $54k for that warm fuzzy feeling.

[@chalimi.fithratu]

also different numbers of family members

[@toohda]

Wym? That’s only $3K/mo not a big spender lol

[@prospector7893]

The cohost on the left is really nice to listen to. Thank you for having him on the show. Others are very abrasive and jarring

[@graydoncampbell6246]

You should go on his channel, he has great videos

[@graydoncampbell6246]

Anthony O’Neil

[@cerebralvision]

I disagree with dave's advice here. If he needs only 30k, I would leave the investments as is and build the emergency fund from scratch. That's what anyone who didn't start saving would do anyway. If there was a dire emergency, he could always pull money out of the brokerage account. It's not like the 430k+ is going to go down to zero or anything. It's just gonna keep growing. No need to pay capital gains tax on it.

[@JamesWilson-sb9iq]

Yeah but let’s say he loses his job?

[@cerebralvision]

@@JamesWilson-sb9iq He can still pull 30k out of the brokerage if he loses his job.

[@JamesWilson-sb9iq]

@@cerebralvision good point

[@cb4354]

bingo. why pay the capital gains tax on it. Just build it from scratch. this video is terrible advice

[@cerebralvision]

@@cb4354 Yup. It is terrible advice.

[@DrJaredNelson]

I'm going to take the unpopular opinion. Long term, those investments have much more potential staying invested. Just be intentional for the next few months and save up the emergency fund.

[@schuylergeery-zink1923]

Sounds like they have a good income to do that. That’s also a great start to a bridge retirement account or that can be reinvested into real estate down the road. If they were struggling income wise I’d pull from it but it doesn’t seem like that’s the case

[@DrJaredNelson]

@@schuylergeery-zink1923 you've got the right idea. Long term that money should grow very well! 👌🏻

[@JiisTube]

Why not take the emergency fund out and then just be intentional for the next few months to fill the investment back up?

[@DrJaredNelson]

@@JiisTube good idea! You could do that, but it makes it a little more complicated. I say just leave the investments and save. 👌🏻

[@JERRRY26]

Personally, I think you could leave those investments. They will accrue more value over time. To build your emergency fund, cut down a ton on any spending you do. Rice and beans like Dave says. Do that for a few months and you will have your 3-6 month emergency fund saved.

[@LG123ABC]

He should at least move $1k over for the starter emergency fund. I would feel way too exposed without at lest that.

[@jimroscovius]

I would do what Dave says and pull the whole emergency fund out. I would rather rebuild my investment while having a fully funded emergency fund in case something happens.

[@ryant2568]

but the point of the emergency fund is not to make money it is there to protect you when life happens.

[@fireseeker4him]

Dave’s point is it’s psychological. Having it as investments and not an Em. Fund means that when a rainy day comes, you’re less likely to cash it out when necessary. Also, you might need cash quickly for your emergency and sometimes it can take a week or two to cash out investments and get a check. Better to have your emergency money where you can get it easily.

[@genxx2724]

@@jimroscovius You can’t rebuild an investment, because shares bought in the future will not be the same price as those purchased over the years. He will not restore his current position, and and the power of compounding will have been lost.

[@AmIJosi]

Great timing ⏱

[@thetruth5635]

😘

[@blackworldtraveler3711]

Never needed to do that. I just auto saved to build emergency fund since high school. Also been using some of my stock dividends to automatically fund my emergency fund monthly for years.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@cb4354]

30k is a lot when its compounding. If you really want to build the emergency fund keep the 30k there and just stop investing and fund the EF.

[@jaysen472]

I couldn't, I am so addicted to investing, I mean, not the worst addiction to have, but I can't even stomach getting rid of a low interest rate loans to limit my investments.

[@Machiavelli876]

Same here. I have a 3% car loan that I can't bring myself to pay off early.

[@jaysen472]

@@Machiavelli876 lol, 2.75% on my Tesla! 566% gain on investments though!

[@ChristianSedaPlays]

Same here 😭 Dave would say I’m keeping my student loan as a pet at this point.

[@matthewwilliams9200]

great video lots of people forget this topic

[@MPshowVBlog]

the quite intro, love it

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@jenniferlego4221]

Good stuff.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@EvanYoungMusic]

Can’t you just leave your emergency fund and grow it? A strong defense is also a strong offense

[@realdigitaldollar]

I would build emergency fund as soon as possible. Keep the investments.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@duckmusic]

I wish I had a yes man like Anthony sitting beside me all day.

[@deadnysde7999]

For assistance reach out to me

[@deadnysde7999]

[@justwalkaway9915]

good advice

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@jreverie7018]

Very well put I learnt a lot from this analogy. I need to do the same thing.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@dylancrossfinance]

I would absolutely

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@ryant2568]

That is a really good analogy. If you have money sitting in that emergency fund for when life inevitably happens then that is going to free you up to invest more which is going to make more money over the long-term.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@JiisTube]

The intro music was awesome, just too loud on KZbin. Please put it back and just turn it down?

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@jeffdorris5321]

Nice work 🎇🎆✨

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@debbietucker1038]

Just an observation /!! Love y'all

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@ranzir]

Nooooo where is the entro music😭

[@jeffreywhitaker5154]

😂😂😂😂

[@eprofessio]

Dave figures out that KZbin displayed his show as the “Dave Ram” show!!! Lol

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@steviejd5803]

Bottom line is simple, any debt is a liability....get out of debt ASAP. This isn’t hard...

[@genxx2724]

He’d need to sell another 30 percent to pay the tax. I’d leave the money invested. Power save to get the emergency fund.

[@deadnysde7999]

For assistance reach out to me

[@deadnysde7999]

[@gerardopliego-financevideo8214]

Save from your job , let your investments grow , if you had no job I guess pull from investments and invest in a high yield savings for an emergency fund to liquidate fast .

[@BrandonMinguez]

Thank god I don’t have to lower the volume for the intro on these videos anymore! Also, if that $30k is in a high yield savings account, it won’t “grow” but it will be safe and also earning .50% so that’d earn 10x the national average currently. Might as well have “insurance” that gives you something.

[@deadnysde7999]

For assistance reach out to me

[@deadnysde7999]

[@gregorypiano00]

I’d suggest maybe use the dividends from the investments to help build up the emergency fund, and pause investing until it’s fully funded. It could save some money on taxes by not realizing a capital gain.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@manny6020]

Would the dividend taxes be less than the capital gains taxes?

[@benbessisbakhta4663]

I wish you would make your principles applicable for everybody in the world

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@flch95]

Based on the title of the video I said hells nals don’t take it out. Once I hear what they have in non retirement I say hells yeahs!

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@karldc83]

I feel like the caller was gonna ask another question that wouldn't normally be asked but because of the shows timing they have to focus on one thing per caller. Missed opportunity

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@misterE-1989]

So glad that intro-song is gone.

[@LivPoxleitner]

my investments is my emergency fund.

[@rachelgooden9981]

No!

[@rachelgooden9981]

But yes 🙈

[@jaysen472]

Lol, I'm so addicted to investing... I cring about taking money out!

[@desiv1170]

So, he should pull out that money from his investments (where it is getting higher returns) now so that, in the event of an emergency in the future, he doesn't have to pull that money out of his investments then? I mean, I get it is just the psychological action to prevent him from using his credit card instead. But this is someone who said he cut up his credit cards recently and doesn't have debt....

[@sunnydays4966]

There still taxes

[@JK8]

New intro rules!!!!!!

[@Cravz69]

Would have loved to have heard more about this caller, and ultimately which baby step he actually wound up on. My guess is seven.

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@teaboone]

1:49 to get to the freaking question. Can’t stand these callers who talk anecdotally on a national call. If you want to tell dumb sidebar statements, call Dave off air. We listeners are interested in Dave’s answer, not how the caller found Dave’s freaking book 📚

[@lo1bo2]

Yep! I'm glad when Dave or whoever cuts in and firmly say "What is your question?" when a caller spends so much time on their backstory or meandering through their current situation.

[@torresbyron]

ChampaBay* 😏

[@Gamerz00760]

If investing on your own with 400k you can regain 30k quick. It is a problem to get there though when you don't have a lot to start with.

[@patricksnyder4833]

“It’s 36 thousand dollars” “That’s not a lot” ...ummm....wut?

[@believer1899]

compared to the 430k he has in investments it's not

[@patricksnyder4833]

@@believer1899 I understand it’s not a huge chunk of his investment portfolio. However, it is a lot of money especially for a 3-6 month emergency fund. That means his essential expenses per month range from $6k-$12k. That’s a privileged lifestyle. I’m not hating, but the average American barely has enough to cover a $1k emergency so it comes off as a little tone deaf.

[@todd2456]

@@patricksnyder4833 many many people are above average. My EF has $50K in it.

[@patricksnyder4833]

@@todd2456 there’s nothing wrong with that. There would be something wrong if you claimed $50k isn’t a lot of money.

[@karaayers2867]

@@patricksnyder4833 it's all in what you plan to use it for. Is it a lot for someone to retire on? Nope is it a lot for you to take grocery shopping? Yes

[@MillionaireMindsetClub]

YAS! Emergency fund comes before investing!

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@OIPIO]

TB12 🐐

[@joshmatthew4125]

Emergency fund in critical.

[@Bestjudy001]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@patrickhenandez]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@Bestjudy001]

@@patrickhenandez However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@patrickhenandez]

@@Bestjudy001 Oh I would love that. thank you.

[@Bestjudy001]

@@patrickhenandez SUZANNE GLADYS XANDER.

[@Bestjudy001]

Lookup with her name on the webpage.

[@CaseyBurnsInvesting]

Pull from your job

[@rachelgooden9981]

Agreed

[@donperrignon]

I really like the new intro. Edit: As a KC Chiefs fan, too soon, Dave 😐.

[@LG123ABC]

I just wish they had decided to show up for the game!

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@jstyleent]

Defense wins games

[@todd2456]

Besides getting rid of the intro music, they changed the name and dropped "Dave". Interesting.

[@bigd9040]

That's cause he is phasing himself out lol

[@djpuplex]

Tampa Bay😁

[@Ez_Ukulele]

My emergency fund is split between VOO & QQQ lol

[@1132sweetie]

Use your money to make you money.... by investing.

[@deadnysde7999]

For assistance reach out to me

[@deadnysde7999]

[@rob8582]

What happened to that awesome intro guitar riff played by Dave Ramsey himself at the beginning of these videos!?

[@iFYMxDRKNSFALLS]

i think the elderly complained. the comments kept saying how grateful they are since it’s gone. I miss it since I know dave is coming up when my auto playlist is on.

[@rob8582]

That guitar riff was more recognizable than a Metallica intro....

[@lalocTdot]

Buy GME

[@deadnysde7999]

For assistance reach out to me

[@deadnysde7999]

[@mxerb5912]

He seriously called about this? 😂

[@chrissain2803]

+ 1 ( 4 1 5 ) 6 4 9 - 5 1 9 4

[@DrunkJackal]

Why not treat the investment as an emergency fund? Leave the money where it is unless you absolutely need it in an emergency? It's pretty liquid and you only get taxed on capital gains if you take it out.

[@wewhoareabouttodiesaluteyo9303]

They are assuming that discipline is nonexistent. If he treats the investment as an EF and say he always goes to use it as an EF, then he will deplete it faster and maybe even use it to buy things he does not need. If you separate accounts and make it harder on yourself to access it, the better chance you will never touch it and it can be used as intended. For instance, I have $3k in savings and $3k in checking. I know the $3k in savings is my emergency fund and it is going to need a fund transfer in order for me to use it in my checking account. That is a boundary I created for myself. Instead, I decide to throw all $6k in checking. I will assume I actually have $6k and most likely spend all of it because there is nothing triggering that this amount is needed to satisfy two different purposes.

[@DrunkJackal]

What a well thought-out response.

[@anthonymendez4628]

Answer: YES.

[@victors16811]

I don’t get it.. why he needs to pull 30k from the 401k just for emergency funds! Why no just keep saving small amounts and if you have an emergency get the money from the 401k if you have emergency funds with easy access you will everything will look like an emergency when is not.

[@johnmirbach2338]

😁👍👌✌🖖 😎

[@Ogspotlite]

God’s plan turned into assurance plan!” Literally 92% will like this comment