8 Things to Do Differently with Money in 2024 with Dave Ramsey

[@markamark123]

Long story short on my emergency fund. I had a 25k emergency fund in 2019. While driving to work (paid off car), I had a seizure and totaled my car. I never had a seizure in my life. The hospital found a brain tumor which had to be removed otherwise I had 5 years to live. The emergency fund covered a 2nd used car for 9k cash, and my 4k health insurance deductible. My health insurance covered the remaining 130k brain surgery. My out of pocket total was 13k in a matter of 3 months. Fast forward to 2024. I am thankful to be alive, my emergency fund is replenished back to 25k+, and no brain tumor re-growth found.

[@jesusd.rodriguez6629]

That’s amazing so glad you made it through. Keep living positively as such

[@Mitzi73]

Wow!😮. So happy it worked out. Blessed.

[@rhianjones7256]

Congrats on your recovery and I hope you stay healthy. I collided with a deer last year. Sad to say the deer died, no injuries to myself... 2014 car needed 6k+ in repairs. Had 1k in emergency fund for insurance deductible - thank goodness I had full coverage - but I'm still jumpy/nervous when driving. Reminds me - I need to top-up my emergency fund.

[@CrisBayless]

So glad you're here to share that! Awesome!

[@ykook7000]

Imagine if you lived in a country with Universal healthcare you would of kept more of your savings and still got the healthcare you needed

[@tonysilke]

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 $200k of my savings in stocks this year, and I know I’ll make profits.

[@Nernst96]

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.

[@PatrickLloyd-]

Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.

[@JefferyDuns]

@@PatrickLloyd- Who is this person guiding you and how can i reach he/she?

[@PatrickLloyd-]

Sure i don't mind. I've stuck with ‘’Sophie Lynn Carrabus ” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@JefferyDuns]

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.

[@uthmansheikh]

1. Get on the same page with your spouse. 2. Get on a budget. 3. Pay off your student loans. 4. Protect your emergency fund. 5. Try out a new side hustle and create more margin. 6. Prioritise contentment. 7. Be aware of lifestyle creep. 8. Buy a house only when you’re ready.

[@demosthenes614]

The hero we needed :)

[@Teine770]

Thanks

[@trebmaster]

Getting a good side hustle going is the hardest thing I could have ever imagined.

[@uthmansheikh]

@@trebmaster Couldn’t agree more.

[@Joce123]

Get a spouse

[@LivingLifeInTexas1836]

2023 was a wild ride. I paid off my student loans, thank you 0% interest!!!, and then paid off my car!!! Down to two credit cards… by December 2024 I will be debt free!!! 💜

[@TS-iz5wj]

Well done! Than you can really be living the life in Texas.

[@jessmarie7082]

Yayy! Praying that there are no barriers to keep you from your goal in 2024!!!

[@LivingLifeInTexas1836]

@@TS-iz5wj That’s the plan!!! 💜

[@LivingLifeInTexas1836]

@@jessmarie7082 Multiple times a day!!! 💜✝️🧎🏻‍♀️🙏🏼💜

[@blackbutterfly233ify]

that's great

[@donnaallgaier-lamberti3933]

We are retired. My 78-year-old husband has a three day a week part-time job. This extra income goes toward medical needs, extra, property taxes and extra payments on our condo mortgage principal. We use your budgeting system and have found this to be very successful for us. We never made more than $50,000 a year, were both divorced and started over at age 46 and 50. Without strict budgeting we would never have dug out of the hole we were in.

[@genglandoh]

In 2022 we had to buy my wife a new used car when her car become undrivable. In 2023 my $4,000 car got totaled in a car accident. We had saved up some cash for a kitchen remodel (above our emergency fund) and used that money to buy 2 good used cars. The kitchen remodel will be delayed 1-2 years but that's OK we have lived with the same kitchen for 35 years. It is amazing how much money you can save when you have no debts. I will be retiring in June 2024 and my wife will retire in 2025. Looking forward to a great retirement

[@daniellemichelle1846]

That new kitchen will be a nice retirement gift to yourselves!

[@Shelly_B]

Congratulations on retirement!

[@Helen-xv7ot]

Rachel's first point: "Getting on the same page with your spouse"...Is what made my husband and I be successful in our marriage, parenting, and life overall. 33 years together doing this routine we are beyond happy 😊 and blessed 🙏.

[@eco_barbie007]

This is number 1 for couples...period!

[@ashleyterry6424]

My husband and I did the roommates things for about the first year of our marriage. We put just enough to cover monthly bills and such in a joint account but then I started getting wise about the debt we were in. I finally talked to him about paying it off around our first anniversary and when I say we were spending a good 800$ more than needed every month, I'm not exaggerating. Being on the same page and truly combining finances was the best thing for us, we paid an extra 600$ towards debt last month even with Christmas shopping.

[@kbanghart]

Don't feel too bad, that's not uncommon I think for a lot of us couples.​@@ashleyterry6424

[@garthbuck4274]

Well said, Helen. My wife and I did the same thing and it works! :-)

[@lyndahammel9502]

My husband and I agreed on finances. That was a great thing for 53 years. I'm so thankful that my husband is good with money. There were lean years but we worked through them. We did beans and rice before I ever heard of Dave Ramsey.

[@vikieierdam5516]

#1 - combine incomes - is so on point. My husband and I paid off our house in 9.5 years. We could not have done that driving in separate lanes. The Baby Steps work!!! Thank you so much.

[@noellebatista3896]

The emergency fund is the best advice I’ve ever gotten from Dave. I have 6 months of expenses (including unforeseen expenses!) saved up and even though I am super stable in my job, it’s given me so much peace! I’ve had to touch it once but prioritized replenishing.

[@allenchapman176]

Great advice Dave and Rachael. My wife and I have been married 47 years. I listened to your show for many years. You have to be in it for the long haul. We have always had a joint checking account, and lived on less than we made. Now, we are living comfortably as debt free retired millionaires. Young people listen to him. This stuff works.

[@brianselt291]

16 years ago, I took on a extra duties at work and volunteered to work at least 82 hours a week. I made bank for a 19 months. It was what I needed to pay off my truck and my home. Since then, I have been mortgage free and every year I had been getting further ahead of the curve. Every raise that I have ever received…I put it directly into my retirement. Now, I’m retired and living essentially debt free…sans taxes, medical copayments and essentials.

[@angooredcow157]

See how tough Dave melts and dotes over his daughter. It is beautiful.

[@philipfletch]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[@RoseGuerra7862]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@martinheaway]

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 market analyst 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

[@JaneClark7861]

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

[@martinheaway]

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

[@JaneClark7861]

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.

[@lozzyholland]

i have spent years fighting overdraft and credit card payments. last month i decided to get out of my overdraft and start the debt snowball. i am from UK but following your steps and it took me a month to get out of overdraft and now i am double in credit what i was overdrawn, i have been able to go out for coffee with friends and help people out which has been a massive help in the mood, love following your path and long may it continue. now to get my credit cards gone and my husbands debt gone and we will be free. Thank you to you all

[@snapdragon2441]

We had an emergency, actually quite a few last year. Part of the roof fell in, car broke down, family bereavement etc etc. we had to use our emergency fund. But came out of 2023 with out the need to take out a loan. 2024 goal is to re build the fund.

[@JessicaBrunsen93]

My husband and I are about to start FPU for the second time with our church this month. Praying it sticks this time!! Your videos are always so inspirational and helpful. Thank you!!

[@truthseeker6370]

It will 100% "stick" when You decide to actually Do the program and not allow yourselves "exceptions". I did it as an older single person. - Create And Follow a budget. - Cook at home. No takeout/restaurants - Take leftovers to work for lunch. I Hated the concept of eating leftovers- now they are a regular plan. I could go on, but it's everything Dave Ramsey has already spelled out. - Understand and adjust to being uncomfortable for a season. It's temporary. - Imagine how much money you would have if you didn't have debt. Seriously, count up how much you pay monthly on debt alone- then imagine/dream about how you could save and invest that money to work for you.

[@vmoore4045]

Don't wait for it to stick. Stick. to. it. You can do this. It is worth it. You and your marriage are worth it.

[@janinramirez7]

It amazes me how people are stuck paying off student loans. I can’t imagine what it would feel like to be in my 30’s or 40’s and still be paying student loans. I’m glad I’m cash flowing college. Cash is King! 💵👑

[@sstrongman1667]

If you don"t mind me asking, how are you able to cash flow college?

[@janinramirez7]

@@sstrongman1667 I take it a semester at a time. Sometimes I only take one class a semester. I pay about $280 per class per semester and for the books I use the Electronic version. I also attend a community college that’s affordable.

[@badawesome]

You are so special.

[@patriciavanwyk4322]

I know a couple whose children are borrowing money while in college because Mom and Dad are still paying on their own student loans! CRAZY!!!

[@eileenwatt8283]

I know people retired with student loans. They are in their 60s and 70s. They got Masters and PhD unnecessary degrees. They didn't make the money they thought was going to happen. The company said " you are already doing the work. It doesn't require that degree. We are not paying anymore". They were forced to take early retirement because the company sold and new company gave the option of a lower salary or a package. They took the latter but unable to find work due to age and health issues.

[@geraldt331]

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.

[@yeslahykcim]

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.

[@Jadechurch-ql3do]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@codeblue11]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@Jadechurch-ql3do]

“Leila Simoes Pinto’’ You can easily look her up, she has years of financiaI market experience.

[@brianwhitehawker1756]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@frankm2385]

My wife & I combined our money when we got married. We have rarely had any issues with money. Just paid off our 3rd home in CA. & sent 2 of 4 kids to college. 😁

[@_davidturner]

I’m considering whether to retain $3 million in single-family rentals, we have $900,000 left on mortgages. What is the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds?

[@BidenIsPoTUS.JFK.]

Real estate, while a solid investment, demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

[@RafetMert-qs3kw]

Sell and invest option viable, but crucial to consult a trustwortthy fin. planner for in-come projections aligned with your goals.

[@RafetMert-qs3kw]

0:03 monica 0:03 mary 0:03 strigle

[@HermanOberg]

Real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. I rather the latter. Just as you’re experiencing, real estate can be a lot of work.

[@Vinyvasquez]

It is harder to convert real estate into cash than cash-like assets, or even stocks and bonds. I prefer the latter. Real estate can be very demanding, as you are finding out.

[@src4409]

There's a direct correlation to married people who are not on the same page financially and divorce. Period. Don't marry someone who you cannot trust with your money. That's a really good test to picking a spouse.

[@RebasNotary]

1. YES!!!! Always be on the same page with your spouse. 2. Budget, Budget, Budget. Love it 3. Student loans - debt gone 4. Emergency fund - YES. We had a water leak and I am so glad we have an emergency 5. Side Hustle = New Business!! 6. Contentment….Yes! 7. Lifestyle Creep ….. Yes!!! Learn to learn in your budget. 8. House …. Yes. Money Pit. Already in that.

[@DanielPanuzi]

Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it.

[@Aurierserge50]

I got into stocks few years ago and my candid advice for a newbie like you is to seek help from market experts rather than KZbinrs.

[@Angelavaldess]

@@Aurierserge50 Right, a lot of folks downplay the role of advisors until being burnt by their emotions. I remember some years back, I needed a good boost to stay afloat, hence reached out for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@Angelavaldess]

@@Aurierserge50 Facing a similar situation, I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.

[@Angelavaldess]

Facing a similar situation, I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.

[@Jaymilnere]

@@Angelavaldess Do you mind sharing info on the adviser who assisted you?

[@Adambarking]

Investing is a real thing here, 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.

[@Benedictrud]

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.

[@Vivienedouglass]

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.

[@victoriaabott]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@Vivienedouglass]

Her name is 'Mary Katherine Singh’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@victoriaabott]

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

[@noellebatista3896]

Contentment, what a great one! I’m doing a Low Buy in 2024, bc it is exhausting always wanting more more more. I’m gonna invest this time in myself!

[@su-megalotto9545]

Budget... it seems people treat it as a dirty word. But I finally created one and it helped get rid of one bad habit “Impulse buying”. Plus , I am using cash ... no money... can’t impulse buying.

[@jameswood9772]

I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

[@alexyoung3126]

Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

[@bobbymainz1160]

I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.

[@jameswood9772]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@bobbymainz1160]

Her name is 'Rachel Sarah Parrish’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@jameswood9772]

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

[@ursulawebb1883]

I am so shocked at how many couples have separate money. Talk about inviting resentment and division! You'll share your body but not your bank account?? How crazy is that?? I hope and pray that people listen to the benefits of "becoming one" in every aspect.

[@Non_Of_U_business]

I was too shocked but MORE shocked when I friend who has been re-married and he (hides) a separate bank acct that the spouse does not know. That's terrible!!

[@MinaRose2023]

​@@Non_Of_U_business A lot of people do this unfortunately but the reason for it is because of divorce when people get divorced it makes a huge mess my mom would often combine her finances with X husband then they got divorced and it was a huge mess same with a woman changing her name anywhere else like her social security my sister did that with her only husband she divorced him and now she has so many issues ect. Sometimes is better to absolutely keep things separated however have open communication ect

[@dolorescutrie4542]

My husband and I did have separate accounts but sat down and paid them together. Each was assigned a part of the total budget but occasionally I would have to ask for him to pay for something because I was running a little over😢🤔. Each of us had a savings account for emergencies connected with our two checking accounts

[@jandkhilbert]

Yes, surprised but when divorce came into the picture - game changer. To place the responsible spouse to pay the prior spouse's half because they wont!!?? Bad system

[@joycehernandez9154]

Rachel for every eye roll there are hundreds of thousands of us PRAISING GOD!! for the wisdom, compassion, and feeling like family that comes from yours 🎉 Much love

[@kevgret]

My wife and I are millionaires. No debt. We have separate finances. We are happily married for almost 20 years.

[@deebop4904]

And if you listen to dave ramsey, you wont be much longer.

[@benjamindavidson22]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[@Johnlarry12]

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 a lot of wealth transfer in this downtime if you know where to look.

[@frankbarnes22]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@carolpaige2]

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

[@frankbarnes22]

Carol Vivian Constable 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..

[@carolpaige2]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@aleahgallaher3605]

I loveeee how Mr Dave says it how it absolutely is. He’s so point-blank… I love it

[@Tap354]

Dave is like the uncle we all need lol 😂

[@frev9460]

I agree. He should write a book called ‘rich uncle, poor uncle’ 😆

[@marilynndesilva7620]

We paid off our mortgage early by paying an extra $100 towards the principle every month from the beginning. In our minds it was as binding as the regular monthly mortgage payments, and we never considered it as an amount that could be deflected to another purpose. Budgeting, emergency fund, early loan payoffs... whatever it is, it's a mental commitment that becomes a habit.

[@tylersouthcott3359]

Congrats. Just curious how much time did you cut off by doing this?

[@marilynndesilva7620]

​@@tylersouthcott3359 I honestly don't remember as that was many decades ago. (I'm 79 and my memory is NOT improving with age!) The extra towards principle does make a considerable difference, especially since the early mortgage payments are going nearly all to interest, so you're just lining the bankers' pockets. The amount that goes towards the principle very slowly increases over time.

[@BradColemanisHere]

Rachel says the right things to really motivate people. Great reminders.

[@AbideInHealthRD]

Love Dave! He's so blunt and has a heart of gold! 😂

[@lindadorman2869]

I love my stuff, even more so because everything I own is fully paid for and usually thrifted.

[@lydiah7184]

My husband and I just have $7,000 left in his student loans and we're DONE with our debt (except the house)! Woohoo! Planning to pay $1k/month to pay it off or more if possible.

[@Non_Of_U_business]

Thanks Rachel and Mr Ramsey your a God send! The majority of Americans (and the world) need you so much more in these trying times! God Bless You!

[@Riggsnic_co]

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.

[@Jamessmith-12]

I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.

[@JacquelinePerrira]

Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.

[@kevinmarten]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

[@JacquelinePerrira]

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

[@kevinmarten]

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.

[@sophie20001]

Love this yearly video. My goal for 2024 is to not dip into my emergency fund and stay on budget using the Ramsey app.

[@Peggy731]

I LOVE Every Dollar. It makes budgeting so easy. It just puts it out there in front of you what you’re spending. It’s great.

[@Ella-ke9pc]

That is so true my husband an I do our finances together and we are so happy because we don’t worry about money we budget this is the best thing to do being married for 49 years yes people need to work together

[@rebelandboltman]

Number 3 is definitely on my list! The overtime is helping tremendously!

[@NicAngels16]

2024 is our year to get back on track, and 🤞🏻 transition to one income family. We are in stork mode, but started budgeting again and ready to see what 2024 holds! Took almost a year to combine accts after marriage, but it has been life having the last 6 years.

[@ilanadixon-hispanicheritag4240]

All really good tips. Plan to implement them. Always shared finances with hubby from day one. Been married 28;years. Good advice Rachel. Not understanding why people give you a hard time about it

[@tiffanysteen1845]

I’m Ubering and instacart part time plus I’m meeting new people to add new customers and partners to my business! This year I’m starting my coaching business.

[@GraziaMacahilas]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@CharlotteNoah3]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@HenryLucask5l]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@TheodoreMateo3h]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@HenryLucask5l]

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

[@TheodoreMateo3h]

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 email shortly.

[@bethanyg153]

Lifestyle creep is the hardest. When I picked up a part time job I thought the only thing we’d change was the thermostat. Then we decided to get braces for the kids and get them in sports. I mean thankfully we don’t go wild on clothes or out to eat, but we have added to our expenses.

[@ykook7000]

Every parent should expect braces at some point for at least one child

[@Bridget-l7p]

Curious about top investors' millionaire-making strategies, I'm eager to grow my $295,000 nest egg. Investing in stocks could provide attractive returns through capital appreciation and dividend yields. But timing is crucial - should I invest now or wait for improved market conditions?

[@trazzpalmer3199]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@DavidLucas-so8rr]

Most people minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@Bako-b8j]

You appear to know the market better than we do, so that makes great sense. Who is the coach?

[@DavidLucas-so8rr]

Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.

[@EthanBrown_23]

She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.

[@vickivoneitzen3128]

This is wisdom. Every single point is spot on! I have learnt these things the hard way (I am 54). Thank you for helping millions of people.

[@evalina98000]

1. Get on same page wit spouse 2. Get on budget 3. Pay off student debt 4. Protect emergency fund 5. Try out new side hustle 6. Prioritize contentment 7. B aware of lifestyle creep 8. Buy house only wen ready

[@madalina088]

Great to see Mr. Ramsey! Keep it up!🎉

[@libbysworld7649]

Happy New Year! I look forward to this episode EVERY YEAR!

[@JenMidwestMama]

Thanks much you two! Happy New Year and God Bless!!!

[@DeannaPeters-lz8we]

Great video! I really do have a question. For someone with less than $40K to invest, how would you recommend we enter the stock market?

[@rebeccaartgallary]

Because they are used to bull markets, most people find it difficult to handle a decline, but if you know where to search and how to get around, you can make a sizable profit. It depends on how you plan to enter and leave.

[@dogmom-pt5we]

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advsor. Through restructuring and diversification with dividend stocks, ETFS, Mutual funds, and REITs,my $1.2m portfolio surged, yielding an annulized gain of 28%

[@fredm1]

Just tagged this video my best for today. Enjoyed the whole interview. Really need Dave's help, I’m 52 and disabled since 2009 with $600K net worth. Already have shares in Real estate (properties for rent). But I'd still love to spread my investments across the fin- markets ahead of retirement. Can you help me?

[@debwes1]

The government has let us down; just buy gold.

[@josephbush]

This is why having the right plan is invaluable, my $510k portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a more figures ballpark goal this 2024

[@aureliobjm]

@josephbush Could you be kind enough with details of your advsor please?

[@josephbush]

She goes by 'Heather Lee Larioni'. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finances, but so glad I did!!!

[@aureliobjm]

I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly.

[@endyy6671]

happy new year Rachel and Dave. Here's to another year of great videos helping people.

[@foxybrown779]

Great pieces of advice! I used to live check by check and also had credit card debt for years, but two years ago I started practising minimalism, and this summer I got introduced to Dave Ramsey and started doing baby steps: I cut my credit card this week! I attacked my car debt and will be done in March and then I am planning to pay of my mortgage in 2026 instead in 2031. Just thanks to the change of perspective. I manage to save a half of my salary to attack my debts!!! Thank you so much!!! ❤❤

[@elizabethangeles8925]

Congrats!! Im still working on somethings. Im also a minimalist

[@lawerencemiller9720]

I want to invest roughly $7,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.

[@alexyoung3126]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@jessicamoore3093]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@lawerencemiller9720]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@jessicamoore3093]

“Natalie Marie Tuttle’’ You can easily look her up, she has years of financiaI market experience.

[@lawerencemiller9720]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@nelidasilva7388]

Happy new year to both of you, you are awesome!

CONTENTMENT is # 1 above all others by a land slide. #2 is Budget #3 which wasn't listed is Action take control of your money which only happens with ACTION

[@tressalewis7004]

Thank you to the Ramsey team for giving such good advice ❤. We are so close to being debt-free, only a few months away🎉🎉🎉

[@ashleymjenkins]

I look forward to this video every year 🎆

[@awhyee]

Love the duo, you two are so wholesome together. Appreciate it thanks

[@felipeoliveira2219]

Dave keep it real...you're more realistic and down to earth comparing to guys like Grant Cardone or Robert Kiyosaki

[@rafaelarias8387]

Muchas gracias por los consejos Rachel y Papá.

[@stepdancer05afgs0000]

I love your videos in general and always learn a lot. As a volunteer DV advocate though I disagree with completely combining finances as that's often how people get stuck in abusive relationships. I try to advocate for having one joint account and two separate.

[@OkehAgathaOluchi]

You make an excellent case! . I’ll add 1 more point… Seeing my monthly dividend income grow is EXTREMELY motivating to continue investing . Buying growth makes sense intellectually, but during a bear market, watching my growth portfolio shrink…the motivation isn’t as high as it is for dividend investing. A lot of this is psychological!

[@KcZyro]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@ChungLee-wi7bi]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@KbcFoundation-un3re]

WHITNEY KAY 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.

[@ChungLee-wi7bi]

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.

[@IsabellaLisa-vz3jz]

SHE IS RELIABLE

[@marram2852]

I don't understand why people even marry if they don't want a partner. I've been married 36 years, we never have had separate accounts, we trust each other, we raised three wonderful children. That's what marriage is!

[@darkshippo4658]

Contentment is my focus this Year and I made my first budget.

[@thepracticalblade9013]

So I'd be really interested to hear your opinion on not combining finances if both partners agree and are on the same page. My wife and I both are on-board with keeping our money separate and splitting any shared expenses 50/50. We each have our own savings goals, which we make each other aware of, and are on-track for... pretty much everything we've planned for. It may help that we both individually earn enough money to support the entire family on our own, so "managing" the money isn't exactly pinching pennies and living paycheck to paycheck, but for two years we haven't run into a single issue with separate finances.

[@brianbrewer2909]

Sounds like you two are on the same page and agree to share bills. It sounds like a healthy relationship from what you described.

[@Melissa-Isaiah61BeautyforAshes]

Marriage doesn't work that way😢

[@Kayla-us6ty]

Marriage is not a "one size fits all". If that works for them then great 👍​@Melissa-Isaiah61BeautyforAshes

[@karenholloway3940]

Do you have any suggestions for us since my husband was denied 2x for life insurance? Should we just save that premium in a hysa? Anything else? Love your show and both you & Dave. ❤

[@PremSteve-yg4de]

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

[@valeriepierre9778]

The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.

[@fresnaygermain8180]

Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@bernisejedeon5888]

That does make a lot of sense; you appear to understand the market better than we do. This coach is who?

[@fresnaygermain8180]

Actually its a Lady. Yes my go to person is a ‘Sharon Marissa Wolfe '. So easy and compassionate Lady. You should take a look at her work.

[@belobelonce35]

I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.

[@ofcmerchant7442]

Rachel, your wardrobe, I LOVE IT! 😻 Can we get the make of those? 😊😊

[@amt7877]

Same here really liked her outfit today

[@tammyhernandez2]

Always feel encouraged after your talks. Thanks!

[@dahlia42k12]

Love it when Dave come on your show!

[@RosalieXimenes]

investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?

[@LouxCazaree]

For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.

[@AnsjeHarris]

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

[@Christainfloyd]

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?

[@AnsjeHarris]

Marisa Breton Dollard is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@Christainfloyd]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@rebeccah7279]

love this video and Ramsey advice in general, but the housing market varies wildly from city to city. I'm in Toronto Canada and it's one of the most expensive housing markets in the world. My condo (only 697 sq ft) was $460k preconstruction.... and that was about $40k cheaper than all the others in the area. Luckily I have no debt and am below the 30% of take home pay going to my mortgage. But I'm not sure I'll ever be able to afford something larger. (Although I am saving up!!)

[@terrahruth7704]

Love watching you two together. Thanks for the motivation 😊

[@d.schmidt16]

If you don't work 7 jobs are you a true Ramsey fan? Dave: how many hours do you work a week. caller: 168 hours. Dave or George: get another side hustle! They are obsessed with pushing everyone working 2 and 3 jobs. The hard part is, the math does not lie. All things being equal, paying off debt with an extra $3k a month can make a huge difference. Or trying to retire in 5 years with no savings: you do need 4 side hustles to have any retirement.

[@TommyGunzzz]

The ironic thing is I will get an earful if I send this to my friend who needs this video badly lol. Hearing Dave Ramsey is offensive to people who aren't ready

[@rg-mi5hh]

Thanks for. the info. So good.

[@juanprince]

Wow, Dave, good job, no sarcasm here... You're team of host are getting well polished. as presenters, speakers, professionals, and specially they've internalized the information and are able to teach using there own words, and experiences. Good job. Thank you LORD for reteaching us your truths, to make life in this realm less of a burden.

[@andreamachacova4352]

Agreed -except -for buying property, best thing ever and had financed all my properties (30 yr mortgages) and its the best investment ever. Just make sure it’s a property you like and you can afford the payments if you live in it and if you’re renting it out that you getting positive income after you pay all the expenses.

[@katyedwards3935]

I've known him for about a year and I'm surprised she didn't introduce him for newcomers like she does with her other guests. She could've said something like "Happy New Year everyone! I'm very excited because my dad the one and only Dave Ramsey is back".

[@cazpk6840]

Cos everyone knows Dave 😅

[@katyedwards3935]

@@cazpk6840 Most do, but a lot of people don't. They hear them on the podcast, but don't realize they're related.

[@kortyEdna825]

Like Warren Buffet said, dividends are only good if the business you're investing into can't make good use of that capital. So, if you're trying to invest in businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they're returning capital to you because they think you can make better use if it than they can. It's not much different from bond investing. The way I see it, if you have a $1 million at some point, that'd be enough to create a portfolio that would pay you between 50k - 70k in dividend income.

[@Pamela.jess.245]

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.

[@carssimplified2195]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.

[@carssimplified2195]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.

[@ketevanadamia4752]

thx a loooot, Happy New Year!!

[@jessjenkins5474]

Thanks Dave and Rachel xx

[@Christine-wp2bw]

I'm considering investing around $700,000 in stocks as I've learned that savvy investors can still profit during challenging times. Do you have any solid stock market strategies for this year?

[@WestonScally7614]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@JordanReam8186]

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

[@EthanMaloney-qp4lh]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@JordanReam8186]

“Sharon Louise Count’’ You can easily look her up, she has years of financiaI market experience.

[@sting_grayl]

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.

[@reneemcclinton9372]

👋Thank You Sooo Much for this Segment!

[@dlsdelessemusic]

We are just starting our journey to get out of debt. (We are glad our home is paid off) I wish you had the every dollar app available in Canada. I found a different one, but would have liked to try yours.

[@tanyasimcox7318]

Walking into 2024 debt free!!! Including mortgage! Have to go back to catch BS3, then adding to retirement.

[@simpiwemaqwara2184]

Thank you very much I learned a lot especially on owning a house vs renting. You're both good❤

[@rony138]

I was waiting for this ❤

[@nikolakasherov1617]

Happy new year!

[@decalogians9321]

God bless you guys

[@riley9136]

My husband and I have combined our finances and I find it so bizarre that some couples don't. But it seems to be more common these days

[@jeanlaubenthal698]

Managing means revisiting the plan often.