Robert Kiyosaki Unloads on Dave Ramsey

[@RobMooreDisruptors]

Watch the full video here kzbin.info/www/bejne/pYbQn4SfmpqHoNE

[@joegreene7619]

Ramsey is a fool and a liar, but so is Kiyosaki who has admitted the entire "Rich Dad, Poor Dad" gimmick is a lie and he's also failed repeatedly in business and declared bankruptcy multiple times.

[@WhiteManXRP]

😂God I love Robert, he is dead on love it

[@Thomas.Bolleiro]

HI, Rob. This is coming from the bottom of my heart and from experience I'd suggest you change your Thumbnail, where the words "fuck" and "Dave Ramsey" are next to each other, with his photo on Dave is a man who isn't lazy enough to sue. He once sued the realtor guy, for making fun of his Baby Steps. It's just a humanely advice. P.S.: Dave Ramsey is the only reason why I successfully covered all my credit card debts. No space to badmouth him Especially if it's in comparison to Kiyosaki. Dave Ramsey never swindled people out of money.

[@4hartrich]

@@Thomas.Bolleiro Ramsey 2:13 2:14 2:22 says you should own 0 gold… gold is insurance against the system… everyone else with any money should have 5-10% in gold

[@GrandMa-hm5mb]

We followed Dave Ramsey for years. We're debt free and have a good income. Dave's advice is solid!

[@boomer1049]

Dave will teach you common sense if you don't have any and become rich in the process 😂

[@dr9ven]

@@boomer1049if it’s common sense then why are so many people in debt

[@boomer1049]

@@dr9ven Because common sense is no longer a common practice!

[@dr9ven]

@@boomer1049 not so common then i guess

[@boomer1049]

@@dr9ven Not in woke America!

[@Victor-q3s]

You never know who’s swimming naked until the tide goes out. - Warren Buffet

[@al-mubdizahir8704]

Nipsey Hussle

[@HM-ke1qm]

Look carefully when they're swimming.

[@dropoutandretireearly1781]

YUP !!!! LOL !!!!!

[@oldgamer49]

Great quote from a wise man.

[@314Aurelius]

Dave owns all of his real estate outright. The banks probably own most of Robert’s real estate.

[@frozentundra7446]

RK admitted he has is a billion in debt. On the other hand, DR is a millionaire with zero debt.

[@jimroscovius]

A billion in debt? What a LOSER!!

[@raymckigney2118]

@@frozentundra7446tenants will pay off the billion and RK will then own assets of 1.25 billion. In theory anyways.

[@TrainToBeAFreak]

That’s because you are a simpleton. Take a look at every single company you see driving down the road or advertising on TV - debt. The company you work for if you do work has debt. Debt is used as leverage to expand companies and nations. There’s good debt and bad debt. Leverage when used properly is how you grow a company beyond a small time middle class operation. The fact that you can’t decipher between the two shows that Dave Ramsay has failed you just like he failed in real estate by not leveraging properly. Now he makes a living off of simpletons that need help paying off credit cards.

[@TrainToBeAFreak]

Ramsay is a failed real estate investor that makes all of his money off of the backs of simpletons that need to pay off credit card debt.

[@susannicky]

The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😆

[@ibrahimaisaadan]

I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters

[@bahijarhafiri]

Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments.

[@BaffySchenck]

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@bahijarhafiri]

I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@JIN-u6t3t]

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.

[@robertgibson2326]

Robert Kiyosaki and Dave Ramsey are addressing two completely separate audiences. Consumer vs Commerical debt. (ie..disadvantageous vs advantageous debt) I'm not certain why individuals remain determined on intertwining the two ideological perspective.

[@pouletadd]

Yessssss thank you

[@AchillesAnew2]

EXACTLY

[@Vex-iy8zm]

Because these videos are mostly watched by noodles.

[@AmeyBrunel]

​@@Vex-iy8zm😂

[@gustavbrinkel5489]

BINGO. CHAPEAU.

[@Freddie-09]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for....

[@ChristopherAnthony-9]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...

[@Freddie-09]

@@ChristopherAnthony-9 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@ChristopherAnthony-9]

@@Freddie-09 My advisor is VICTORIA CARMEN SANTAELLA;

[@ChristopherAnthony-9]

You can look her up online

[@ChristopherAnthony-9]

Nah I Can't say I can relate, VICTORIA CARMEN SANTAELLA charge is one-off and pretty reasonable when compared to what I benefit in returns.

[@fernandonarrias]

Also... Dave Ramsey doesnt say "dont buy assets" he says "dont do it on debt"...

[@AuthenticMentalHealth]

Then nobody is buying assets lol

[@TrainToBeAFreak]

That’s because you are a simpleton. Take a look at every single company you see driving down the road or advertising on TV - debt. The company you work for if you do work has debt. Debt is used as leverage to expand companies and nations. There’s good debt and bad debt. Leverage when used properly is how you grow a company beyond a small time middle class operation. The fact that you can’t decipher between the two shows that Dave Ramsay has failed you just like he failed in real estate by not leveraging properly. Now he makes a living off of simpletons that need help paying off credit cards.

[@DuckFanDane]

@@jimmynesbit1803 fantastic you timed the market, right . Dave Ramsey teaches not to spend most of your money on a house like if you’re gonna buy a house put 20% down and have it be around 20 to 30% of your income coming in each month and do it on a 15 year fixed rate. He doesn’t say not to buy real estate at all or any assets at all because if you understand anything about his financial advice, he says to buy assets as part of the retirement plan, but he wants people to be able to have a plan and not basically be spending their entire paycheck a mortgage and necessities, and not saving for the future and it’s low risk . People are not smart with their money most of the time, and most people are living paycheck to paycheck he is for the average worker who does not spend well with their money. I mean, if you spent your last, however much you spent on the home that you now live in and it takes up the majority of your income and somehow you got lucky that it didn’t burn you. That doesn’t mean that it is a good practice. Also, a ton of people who go to college and all this other stuff have debt that is weighing them down

[@krazygaming8853]

Not all debt is bad though because you can leverage debt

[@xmanc5687]

Good luck buying rentals on cash.

[@RoyalTracii]

Borrower is slave to the lender.

[@Dividendflywheel]

😂 That principle is over 6000 years old. Robert Kiyasaki boldly admits he is a billion dollar’s in debt @3:07. Dave Ramsey owns $800 million in assets NO DEBT. I know who sleeps well at night and who is stressed about interest rates. Robert Kiyasaki is correct on one thing. Choose Your Teacher @1:34. “Live like no one else so later you can live like no one else”

[@15KHPCLUB]

@@Dividendflywheel I’m sure they’re both sleeping quite well in their king size beds while you’re running the rat race contributing to your boss’s wealth. Also you’re wrong about debt. There’s good and bad debts and every wealthy person I know including myself has used debt at some point to break free from the W-2 rat race where only the CEO gets the lion’s share while you get nothing in return for your hard work and sacrifices.

[@lailas.3205]

@@15KHPCLUB My friend, is it possible that you are taking this personally? The comments you've posted seem to be as zealous, extreme and tribal as those of the cultish Ramsey followers you seem to have contempt for, and I wonder why this is 🤔

[@15KHPCLUB]

@@lailas.3205 Right cause that’s all you Ramsey sheep do is make everything personal. Can’t have a logical discussion without being called “jealous” and “envious” simply for having a different take on building generational wealth.

[@CirrowProductions]

@@15KHPCLUBBro, one is sleeping well in their king sized bed. The other one isn't. Compare the physical appearence of the both of them. The man in this video is tens of millions of dollars in debt. He's owned, even though he's enjoying the time (and failing at it) now.

[@lillyvazgueztk1410]

Buying Stocks or Gold are the absolute best hedges against hyperinflation.

[@JsotoPapito]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

[@lillyvazgueztk1410]

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 in stocks 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.

[@Miguelka67]

Market fluctuations have frustrated my previous attempts at stock/crypto investing. Ready to pivot to passive income, I'd love to learn from your journey. Share your expertise and guidance, and help me overcome my past setbacks to achieve financial stability and success

[@lillyvazgueztk1410]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.

[@lillyvazgueztk1410]

If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor *Tracy Britt Cool Consulting*

[@MercuriosBakers]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[@WaleraSchildhauer]

The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.

[@SorensensHiersas]

@@WaleraSchildhauer I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.

[@MercuriosBakers]

@@SorensensHiersas Please can you leave the information of your investment advisor here? I'm in dire need of one.

[@SorensensHiersas]

@@MercuriosBakers The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@MercuriosBakers]

@@SorensensHiersas Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

[@derekathomson]

Dave Ramsay givee people in bad debt, a simple to folllow system to clear their worst debts first, and clear all debt eventually. His system is good, and he is an honest, no BS guy who cuts through the nonsense. He does a lot of good. Most people won't have large cash sums to buy property, and so Rob and Robert's "good debt" borrowing works great, but that doesn't make Ramsay an idiot.

[@TrainToBeAFreak]

Anyone that says all debt is bad is a fuckin moron.

[@TrainToBeAFreak]

Ramsays advice is for simpletons that need help paying credit cards off.

[@amireallythatgrumpy6508]

In other words it's for 99% of the American population. @@TrainToBeAFreak

[@manictiger]

You know what most of my debt is right now? 1.5% APR (balance transfer fee divided by years of 0% apr). This isn't Ferraris that I'm spending it on. I'm putting it toward appreciating assets, or things I need like all those supplements and anti-oxidants I need to continue functioning optimally. By the time I pay this stuff down, assuming I can't get another balance transfer, I'll have multiplied that money probably 2x or 3x and that's just because I don't want to do any stressful trading any more.

[@TrainToBeAFreak]

@@manictiger These anti debt guys dont understand how wealth works. They find an anomaly like a radio host that nobody can replicate and take his advice on what non radio hosts should do which is absolutely asinine.

[@MaxWraith]

“Dave Ramsey recommends you buy bonds.” Seriously? Dave hates bonds. He only recommends growth mutual funds or real estate. Look, building a business on debt is very risky and requires a lot of discipline and knowledge. Most people aren’t capable of being successful that way.

[@Studtguitars]

You beat me to it! Dave Ramsey has never recommended bonds

[@bryantbrzozowski1814]

@@Studtguitars I absolutely hate when people quote Dave on financial advice and it’s completely wrong. I’m glad you guys pointed this out.

[@The_Love_Doctor_Sean]

Dave provides good information for different types of folks looking for a different end goal and with different skills. We are lack so much people taking on financial information, I think both parties can offer great information, and the audience takes what will work best for them. These guys sometime bang their heads against each other because they think they have the best method, which is false. They are both doing good.

[@matthewwhitt9398]

@@The_Love_Doctor_Seanif you're ok with topping out around 50-70k then you're fine. But Dave failed to predict the 2007 economic collapse and sh!t on gold and silver.

[@jamie5397]

“Failed to predict 2007”? Not really a fan of Ramsay’s investment advice at all but that’s a terrible argument. If you kept your money in funds after 2007 you were whole less than 4 years later and up over 300% today. Silver doubled. You literally made his argument for him. And the downturn was 2008 not 2007

[@jamesathome5167]

I used to love his advice. Recently I watch Robert’s interviews . He is become too intense and crazy. I think once you have too much money he becomes out of line and disrespectful to others at all

[@willvance7326]

All boisterous and successful people seem like jack asses. A lot of them are. His point illustrated is correct. But I think the best measure is to listen to both in some aspects. That one gold coin gained purchase power. The paper didn't. He both invested and saved. And didn't go in to debt to do it. 10% metals 10% dividend payouts 10% real estate 5+match to 401k I fail to see how one loses with such a spread

[@happios]

he's right about dave though. He give advice that keeps the traditional financial system happy. In other words, he's not giving the best advice that helps individuals succeed.

[@willvance7326]

@happios I think I see what you mean. I largely agree, and am more inclined to listen to RK, but I think Ramsey miscommunicates some of what he wants to say. Still largely comes from an "old money" perspective.

[@ryankelsey9646]

It’s like Dave Ramsey says. Money will amplify all your traits. Get rich as a jerk, you’ll become a bigger jerk. Get rich as a generous person, you’ll be outrageously generous!

[@dieselandgasoline1679]

His whole life is built around money making, he even said kids are a liability

[@FrankPatrick-no8zo]

A prudent person is aware that accumulating money necessitates prudent financial decisions as well as appropriate understanding or direction in the financial system. Although there are possibilities to maximize profit in the stock market, successful transaction execution demands skill and knowledge.

[@LuvmeRos]

Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.

[@RuthEvelyn-rc3bg]

You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.

[@jose2212-]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@RuthEvelyn-rc3bg]

"Monica Shawn Marti" 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.

[@RuthEvelyn-rc3bg]

There are many independent advisors to choose from. But I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

[@HectorSnipes]

A wise individual understands that building wealth involves making smart investments, strategic tax planning, and informed financial decisions. While the stock market presents opportunities for growth, successfully capitalizing on them requires both skill and expertise.

[@lolitashaniel2342]

Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.

[@grego6278]

You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.

[@crystalcassandra5597]

How can I find your financial advisor? I need all the help I can get.

[@PennyBernadette]

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

[@wadadlimall3688]

Thanks to Dave Ramsey, I am finally debt free. It is one best feeling in the world. My network has skyrocket. No loans to anyone. I own a house with land outright. The only thing I pay now are bills and taxes and trust me I have a lot left over to invest.

[@pneron2032]

God bless you. Well done

[@jamesvictorjohnson5343]

I bet that’s a great feeling. Now that you’re debt free what do you invest in? Dave is good at getting you out of bad debt but pushes you off the cliff of “what do now?” There is no such thing as being debt free you will always owe someone and someone will always owe you in this system. Money is debt and debt is money. As long as you use money to fund your life you will always be in debt.

[@SarahPierson-sp2sl]

Almost there too thanks to Ramsay.

[@SarahFox-y1f]

Congratulations!

[@robert549]

Good. Your money sure lost a lot of value all that time you were working to pay things off. Money could have been invested all the while and you would have more now. Even with a little debt. It's called leveraging and you don't understand it.

[@REL361]

I’m following Dave advice all the way to the bank!

[@reggrunow1460]

It is great advice for people who don't truly understand Math. Dave has been incredibly successful appealing to that cohort of people needing help. There is an endless supply of such people.

[@Mr.Bathelus832]

Ok

[@GrassyKnollLawnCare]

his advice had the bank follow Dave all the way back to his house and take it, a few times actually. His ex-employees also followed Dave to the bank and took his money when they sue'd him lol

[@ricstormwolf]

Then you'll be poor forever. Good luck.

[@embersuhnuhk346]

​@@Mareshosgood luck. You're going to need a lot of it. Kiyosaki makes millionaires. Ramsey makes endentured servants.

[@Frank62915]

Also dave ramsey says: A millionaire is somebody with a net worth of at least $1 million. It's a simple math formula based on your net worth. When what you own (your assets) minus what you owe (your liabilities) equals more than a million dollars, you're a millionaire. That's it! So unless Robert Kiyosaki owns more than a billion dollars worth of assets, he's broke.

[@dadada396]

He's cashflow rich though

[@JJ-zr6fu]

Robert Kiyosaki says the exact same thing because that’s how network is measured by everyone Dave Ramsey didn’t invent networth. Please read other financial books.

[@andrewpatterson4043]

The real question is debt to equity. How much debt relative to the overall value of the asset. If the value of real estate is 2 billion, and he owes 1 billion then he's a billionaire. Conversely, if the value of the real estate is 1.1 billion and he owns 1 billion then he has 100 million in real estate equity.

[@VoxLesPaul]

@@dadada396 Bernie Madoff was "cashflow rich", too. It means nothing.

[@MrCrispypata]

No, he’s not.

[@lordkev4627]

For context, RK net worth is $100mil and DR is $200mil with no debt

[@onset5610]

Wow interesting * thanks for sharing

[@tjsokkerplayer]

And Lebron James net worth is 1 billion, and Kim Kardashian's 1.7 billion. Should their financial advice trump the advice of financial advisors who make much less? Making money through one's work and individual talent is much different than making money from investing. Dave Ramsey has been successful articulating a message that is generally more applicable for the masses and as a result has profited off that business model. It doesn't mean his advice is better for one attempting to acquire generational wealth. One is better at cutting costs and saving money, the other is better at creating longterm wealth.

[@Victor-q3s]

@@tjsokkerplayeryou are mentally ill, please re-read the pile of garbage you have spit out

[@TPM1878]

Nope, Dave Ramsey has over $500 million in paid real estate alone. He has mentioned that a few times on his show. This obviously doesn’t include income from Ramsey Solutions.

[@Dividendflywheel]

@@TPM1878 yes. You are correct. His net worth is north of $800 million. • Real estate (no debt), including that massive corporate campus south of Nashville. • Revenue and Value of Ramsey Solutions • Substantial Mutual Fund holdings • Revenue and Royalty from books and training materials • Revenue and Value of the #3 talk show in North America Robert Kiyosaki’s comments were obviously sour grapes. Apparently Rich Dad is $1 billion in debt.

[@chessmaster1115]

He is still on his Ramsey Baby steps while others are debt free!

[@Dividendflywheel]

😂😂😂😂 Wow! I can’t stop laughing. Thank God for Dave Ramsey teaching financial literacy. Robert is $1,000,000,000 (one billion dollars) in debt

[@Dividendflywheel]

Robert Kiyasaki is $1,000,000,000 (one billion dollars) in debt @3:07. I love the hosts instinctive response. Dave Ramsey is worth $800 million DEBT FREE. That’s all I need to know. Both are capitalist. One is free. One is a slave

[@15KHPCLUB]

@@Dividendflywheel You know this how? Have you actually looked at his financial records or you just believe anything your “prophet” Dave claims?

[@yasminogbu8929]

hahaha

[@marcusagrippa8078]

@@15KHPCLUByeah any one with $800M and proclaims the Bible is suspect. How do you even reach that without giving it away to the needy at the $100M mark? “Nope I gotta keep stacking this money! The people in need of food and shelter that I haven’t already given to can wait. $300M I sure could help out a lot of people and still have $90M… but I need to just see the B next to my name”

[@CroisMoi]

I wonder what will happen to his real estate empire when the economy crashes? When you owe money, the item is not really yours. I think he owns a lot of multi-family. I agree with Dave. He helps so many people get ahead in life, and he certainly does not deserve to have someone be hateful to him.

[@Goldminks]

You missed the whole point Robert is hedging for inflation, saving money loses value, research what happened to zimbabwe currency

[@RabJ208]

Is Dave Ramsey selling his real estate empire? If not then why on earth would he care if the economy crashes?

[@jimroscovius]

​@@GoldminksLike I care about Zimbabwe 🤣🤣

[@Goldminks]

@@jimroscovius it’s an example to show you that money can lose its value

[@jimroscovius]

@@Goldminks It always does over time because of inflation. I'm not worried about it collapsing.

[@ecc2924]

I really like Robert Kiyosaki's financial education, but Dave Ramsey is the man. Dave Ramsey addresses behavior modification & has helped thousands of people get control of their finances. "You shall know a tree by its fruit". Dave Ramsey is a billionaire with absolutely no debt. He owns 700,000 million of debt free real estate & probably about the same amount in mutual funds. He is a principled & honest man, donates more than 10% of his income to worthy causes & has a great family life with 3 successful children. Robert Kiyosaki on the other hand has produced different results. It is unclear what his net worth is, he is very evasive when he is asked a question. He is divorced & has no children to continue his legacy, he often comes across as bitter, lonely & unhappy. No doubt hIs financial advice is great, but I will stick with Dave Ramsey's as a role model, His advice leads to a better & more peaceful life.

[@15KHPCLUB]

How do you know he actually owns that much real estate? Have you checked the property records or you just another gullible Ramsey fanboy who believes anything he says?

[@lailas.3205]

In the last few years, Dave has come across as bitter and unhappy, but I otherwise agree with the spirit of your comment 😂

[@tedscism5035]

Yeah...I had the same BROKE finance professor Bobby Boy did!

[@jamie5397]

He’s the man for helping people get out of debt but his financial advice is not great. Never heard him mention ETFs or index funds. He pushes products these days and his 8% retirement withdrawal advice is sketchy AF. I can’t find one financial knowledgeable person that agrees with him….thats not on his staff 😂

[@ZackHughes]

Thanks for this

[@inertiaforce7846]

Warren Buffett doesn't leverage Berkshire. That should tell you all you need to know about debt.

[@robertgibson2326]

Berkshire Hathaway reported $128.27B in Debt for its fiscal quarter ending in December of 2023. The vast majority of corporations within the United States carry/leverage debt.

[@inertiaforce7846]

@@robertgibson2326 Well that's interesting because there's a video on KZbin where he clearly says that he does not leverage Berkshire and he also explains why. Are you saying Berkshire is paying interest on a $128 billion loan balance?

[@robertgibson2326]

@@inertiaforce7846 Berkshire Hathaway is simply a conglomerate holding company that has controlling interest in more than 60 companies, owning a portion of 20 more. Companies held/owned under the Berkshire Hathaway umbrella in fact borrow and leverage millions of dollars in annually debt. In response to your question, "Are you saying Berkshire is paying interest on a $128 billion balance?" Berkshire Hathaway disclosed the $128 billion debt (not loss) in their December 2023 annual report. I won't assume interest payments on their entire debt in the absence of further investigation, but it has been reported that over 2/3 of Berkshire Hathaway's enterprises carries structured borrowed debt, which entails interest.

[@robertgibson2326]

@@inertiaforce7846Addressing the question "Are you saying Berkshire is paying interest on a $128 billion balance?" No, Commercial loans (debt) are typically sophisticated bespoke products acquired during negotiations between businesses. Without detailed insight into Berkshire Hathaway Inc. (BRK.B) financial records it would be irresponsible to make the assumption that all of the companies' debts are procuring traditional interest. What I will support are Berkshire Hathaway Inc. (BRK.B) annually/quarterly reports that discloses the company allocates millions of dollars yearly paying interest toward borrowed debt. Not operating loses, borrowed dept. Approximately 2/3 of the 100 companies held under the Berkshire Hathaway Inc. (BRK.B) moniker are operating with structured debts totaling $128.27B for its fiscal quarter ending in December of 2023. This number is up $3.49B from the previous year. According to a US treasury department survey conducted in 2023, 65% of all business (excluding financial institutions) grossing $1 million dollars or more carries financial debt. Structured dept is the lifeblood of capitalism.

[@vincentpolisi]

Um, you understand that Berkshire Hathaway sells stock in its company to fund it's acquisitions, right? You understand that is the epitome of leverage, right?

[@FlorentGulliver]

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

[@temmyolarewaju9371]

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

[@FernandoBowen-78]

@@temmyolarewaju9371 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

[@EmilyEvelyn-90]

@@FernandoBowen-78 Mind if I ask you to recommend this particular coach you using their service?

[@FernandoBowen-78]

@@EmilyEvelyn-90 VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@YinusaSaheed]

@@FernandoBowen-78 Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@inthamix210]

A billion in debt, cursing and giving the middle finger= this guys a awesome role model.

[@reggrunow1460]

Do you know who banks lend $1bn to? Really really rich people with amazing asset backing. I don't think you understand business/finance.

[@jamie5397]

To be fair. Not too many developers out there that give this guy credit for their success. The super rich percentages stay exactly the same over time. There are more today but the percentages? About the same throughout history.

[@jatablue]

you clearly don't understand what he means by debt.

[@jacobwoods614]

Funny you should say that, if you read rich dad poor dad and look at how Dave built his worth, he used Robert’s method on getting rich

[@rameeziqbal8711]

​@Michael-CharlesAust-ee5oo Have you implemented Robert's advice in your life? If not, then why are you arguing? Looks stupid

[@RobertBrown..]

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

[@JenniferDavis7630]

Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

[@SarahTaylor_]

Some individuals minimize the importance of counsel until they make regrettable mistakes. 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.

[@trazzpalmer3199]

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

[@SarahTaylor_]

Finding financial advisors like Kenna Muriel Hesseling, who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@EthanBrown_23]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@SK-sc7ee]

Kiyosaki made up the whole thing about having a poor dad and a rich dad. Made it all up.

[@15KHPCLUB]

Dave literally committed mortgage fraud in the 80s by using his parents’ connections to get hard money loans using falsified documents, overleveraged, then took the easy way out through Chapter 11 so I think that’s a lot worse than writing a fiction novel.

[@pneron2032]

It's a good allegory though

[@computerfastrepair]

Doesn't matter. He still made millions and that book alone has made many many many people rich over and over.

[@computerfastrepair]

​@@pneron2032Doesn't matter. He still made millions and that book alone has made many many many people rich over and over.

[@pneron2032]

@@computerfastrepair That's what I'm saying

[@MarcoWanner-h8j]

Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.

[@ChristophersHoyts]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.

[@ShellyHuerta]

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

[@MarcoWanner-h8j]

@@ShellyHuerta How can one find a verifiable financial planner? I would not mind looking up the professional who helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@ShellyHuerta]

@@MarcoWanner-h8j The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@MarcoWanner-h8j]

@@ShellyHuerta Thank you for this tip. it was easy to find your coach. She seems proficient considering her résumé.

[@nickstrapko7549]

Dave is catering to people that have problems with dealing with their finances, therefore no credit cards , or debt. He invests in real estate himself , Ramsey is not going to tell people to invest take on debt untill they have cleared their debts.

[@pneron2032]

He is against all debt, ever. That's because he went bankrupt once and never wants to again

[@petermadany2779]

I just watched a couple Dave Ramsey episodes. In one, he said he had 3 types of investments: 1. His own business 2. Paid-off real estate 3. Mutual funds In the other episode, he described his mutual funds, which he claimed had performed slightly above the S&P: 1. Growth and Income 2. Growth 3. Aggressive Growth 4. International Therefore, the criticism of Dave Ramsey in this episode is based on an unfair strawman.

[@jenniturtleburger3708]

Yeah, Robert’s right. You could borrow and earn at a higher interest rate and write of the difference, until the housing bubble pops, or the credit bubble of the epidemic hits. Then you might lose everything. I’m fine being a millionaire instead of a hundred millionaire.

[@pneron2032]

Bingo

[@robertgibson2326]

Companies typically restructure excessive debt. As a real-estate investor and developer for 29 years, I can assure you commercial debt is routinely refinanced & restructured. During the global market crises of 2008, the company I founded refinanced and restructured millions of dollars in commercial real-estate debt via the Troubled Asset Relief Program (TARP). In 2017 when commercial lending conditions were again advantageous, 93% of the 2008 commercial debt was again refinanced & restructured. Dave Ramsey's core audience are typical individuals who are employed 9-5 and hold moderate to excessive consumer debt. I believe Mr. Ramsey philosophies/strategies are excellent for this specific demographic. However, I find Mr. Rasmy's philosophies asinine for entrepreneurs seeking reasonable business growth via strategic commercial debt.

[@mosquitofleetfishing6599]

He’ll be calling Dave Ramsey when the banks start calling his notes 😂

[@Sirtalksalot92]

Exactly 💯

[@truthseekerKJV]

And at his old age, that could be today. If they did that, he'd be a vagrant within 6 months.

[@mattclark2655]

​@truthseekerKJV lol but he'd have a ton of gold nobody wants since it's overpriced and no practical value. Iraqs money was backed by gold.. lol how'd that pan out? If the world's economy collapsed its totally useless. If everyone is starving nobody will trade you a loaf of bread or a cow for your useless hunk of metal... unless I can melt it down into bullets to steal more food from someone at gunpoint. 😂😂😂

[@trueprophets4704]

He been doing this for over 40 years trust me they ain’t calling because they would crash if they did

[@mosquitofleetfishing6599]

@@trueprophets4704 doubt it. They’d sell those houses cheap to break even and walk away from it.

[@defyingfinance9882]

“I have a masters degree.” “Yeah, I have an MBA… major bank account.”

[@keithwiebe1787]

There's more to life than money. These people concentrate too much on money.

[@wealthychronicle-i1u]

My portfolio of 200k is not increasing any more than 5% and we seem to be facing a massive crash now. I cant tell where the market is headed, or perhaps I should just sell off and avoid the panic.

[@Countstep0099]

i'd advise you redistribute assets in your portfolio with the help of a license professional so you don't get burnt in this volatile market

[@2024Red-j5t]

That's right, I was doing pretty good not until the rona-outbreak which led to my portfolio crash. I immediately employed the service of an advisor, got overwhelmed by the returns, thus increased my investments and to date, I'm just about 10% shy of a 7 figure portfolio.

[@Petroguest-i4g]

congrats! very encouraging for newbies like myself, mind sharing advisor info please? in dire need of proper asset allocation

[@2024Red-j5t]

I've shuffled through a few advisors in the past, but settled withMelissa Elise Robinson You'd most likely find her basic info on the internet, she's well established with over two decades of experience.

[@Resmith18S]

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.

[@ReginaDominique]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@StalinUndav]

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

[@StalinGrabovsky]

Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@GretchenTerrey]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@StalinGrabovsky]

Elisse Laparche Ewing 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.

[@GrandtHudson1]

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.

[@ONLY1KUDWE]

You'll never convince me that having debt is better than no debt. I am fully on board the Ramsey train. Shaved the head and drank ALL the kool-aid😂.

[@Nmdresser]

Yes sir me too!! I am all in on the Ramsey train.

[@swallow1106]

Lehman brother definitely bought into leveraging debt, selling debt, getting into more debt. They would make Kiyosaki proud by selling the same debt 3 times if not more. They sure did well.

[@TrainToBeAFreak]

That’s because you are a simpleton. Take a look at every single company you see driving down the road or advertising on TV - debt. The company you work for if you do work has debt. Debt is used as leverage to expand companies and nations. There’s good debt and bad debt. Leverage when used properly is how you grow a company beyond a small time middle class operation. The fact that you can’t decipher between the two shows that Dave Ramsay has failed you just like he failed in real estate by not leveraging properly. Now he makes a living off of simpletons that need help paying off credit cards.

[@15KHPCLUB]

lol you sound like a cult member 😂

[@ONLY1KUDWE]

@@15KHPCLUB For this, I'll probably have to agree🤣

[@Cryptojunkie247]

Roberts like an old record still rambling the same out spill......

[@billymacktexasdetective5827]

They are both idiots. One for being so far in debt, the other for telling people they shouldn't file for bankruptcy, even though he availed himself of those protections. Ramsey is a hypocrite...

[@thewaluigibrothers1482]

But think about it. Why would he switch up. That means u not even doing what u preach. Robert jus been consistent

[@mikek545]

Did you know that his Rich Dad never existed? It’s a made up story. All BS

[@calebludick7191]

I was boutta comment that, every single video ..”my poor dad..”😭🤣

[@scotth5237]

right that gold coin is not worth anything! 🙄

[@johnwaugh2613]

Just reading the head line i disagree Dave got me out of debt paid off mortgage in 9years paid for brand new pickup in cash .NO BILLS down size RICE AND BEANS WORKS !!!!!

[@deoravin9039]

You should be doing that without anyone telling you about it… by saying DR helped you get out of debt means you’re lackluster when it comes to money and you only changed when someone told you about it. RK talks about long term wealth, stability should be on anyones list of goals when becoming wealthy. So while you were getting out of debt to buy a car, which depreciates in value as soon as it comes out the lot others were investing in gold and silver, which is appreciating during this financial mess. Ask me how much my gold will be in a couple months and i’ll ask you the same for your truck 😂

[@15KHPCLUB]

@@deoravin9039 Fr that’d be like losing weight without even trying or mom and dad buying you a car. Can’t be proud of something you haven’t worked for.

[@NinaBaLe]

We have been eating rice and beans for the past 2 years and it’s beautiful. We just bought new Range Rover in cash cash with no loan no interest paid and 10k below asking because its a cash buy. This guy says we are an average persons while showing a $50 coin and being billions in debt but i have no complains

[@15KHPCLUB]

@@NinaBaLe You have no room to talk. Your story doesn’t add up and there’s so many missing pieces of info you left out just like Robert and all these other online financial “experts” do. Drop receipts, not the cap.

[@johnwaugh2613]

​@@NinaBaLe Awesome financial peace works !!! Everything is paid off !! What peace there is with that..

[@RussellAshburn]

I can't eat gold or silver coins. If hard times or a depression hits, people don't run into the street looking for gold or silver coins. They want food, shelter, stability. I've followed the Ramsey process for years and I do not have any wants. And I will be hitting my goal to retire much earlier than most. Debt only tells me who I am a slave to and who I must work to hand them my money every month. I would rather be debt free and keep my money and I decide where it goes to advance my future position.

[@SpaceRanger9840]

"Choose your teachers wisely." One of the best pieces of advice I've picked up from Robert

[@protochris]

Kiyosaki's advice is good for the savvy investor who can get further by being productive by leveraging debt, Ramsey's advice is basic advice for those who need to have financial boundaries.

[@AshMoneyTalks]

Correct agree with you

[@diyforfun2074]

Summed up perfectly. I have followed roberts advice and I am greatfull for RK

[@FF-Nation]

Agreed. it's also for those who are super content with only 1 -10 mil in the bank and don't like risk. Yes, there are some things that can yield WAY more money but requires more work and a heck of a lot more risk.

[@alexmartinez3683]

A billion dollars in debt, but that that debt is paying itself and paying him. I think that is the definition of good debt.

[@pneron2032]

Until rates go up and the banks come knocking

[@Unshackled.]

@pneron2032 That’s not how the banking system works. You can’t have a billion dollars worth of debt unless you’re generating an insane amount of cash flow. Robert is the definition of too big too fail..

[@spokebloke1]

@@Unshackled. Lots of greedy corporations and individuals have believed they were too big to fail. But they did. They do all the time.

[@chrism6904]

I’ve made millions following Robert Kiyosaki’s advice and teachings. 38 million in real estate, 8 million in gold, 3.5 million in silver, and 18 million in stocks. Started when I was 19 yo.

[@capthook1]

I listened to Dave, did the work, and my wife and I both retired at 40. Seems like good info to me.

[@bgsupp8791]

Dave ramsey also says to do a 15 year mortgage, why hold yourself to that payment and just do a 30 year and pay it like a 15 year if you can.

[@brianharper9194]

Great point! 😊👍🏾

[@JustNoOne001]

Reverse compound interest, you pay like almost only interest for the first 10 years of the mortgage on a 30 years one... If someone needs a 25-30 years variable rate mortgage to be able to buy, maybe that person is buying too big. Also, I went from being completely debt free to having a mortgage and looking back, the debt does have a mental and physical impact.

[@15KHPCLUB]

Exactly, while those Ramsey simps are paying down their 3% mortgages, I’m busy making money investing the difference.

[@brianharper9194]

@@15KHPCLUB 👍🏾 👌🏽

[@stanleymcvay9283]

Good point!

[@jasonhamilton5756]

Ramsi would be smart to borrow against his real estate and allow it to pay it's expenses. The borrowed money isn't taxable, the business remains well capitalized, and the business ends up doing what it was designed to do, pay for itself until the next leveraging. Robert taught me this back in the early 2k's when I read his book. Changed my life. No one else so inexpensively teaches financial literacy. The man's a hero of legend to my reasoning.

[@DuckFanDane]

It’s funny, because Dave Ramsey teaches you not to have debt other than a 15 year fixed home loan that you will probably pay off before those 15 years. He also teaches you so you have an emergency fund, savings , retirement account , etc. The average for the baby step millionaire is 12 years . Could be lower could take longer depends on your financial situation. Dave Ramsey makes millionaires sorry he does if you follow the advice. He teaches you to only put 20% or more down on a home loan and pay it off as much as you can while also living life. There’s a place for everything and it’s just realistic that if you work hard and put in the work having three or four houses and a big retirement account that you have paid off in full cash flow, two properties, much faster, which will build your wealth much faster than carrying a bunch of debt, and it is low risk. You also have diversified yourself and know where you have certain fallbacks if something goes wrong. Dave Ramsey used to be just like these real estate guys and he learned his lesson. Dave is more of the safe, low risk guide to being a millionaire or being able to enjoy your life later on in life could be sooner depend on how hard you work. Robert Kiyosaki is about high risk high reward, because make no mistake. It’s high risk.

[@15KHPCLUB]

I did the “Kiyosaki way” and became a multimillionaire by age 30 so good luck achieving that 1st million by the time you’re 83 doing it “Dave’s way.”

[@Sam-gc9yp]

​@@15KHPCLUBsingle family or apartment? How do avoid getting sued and the government stays on paying rent like during covid?

[@15KHPCLUB]

@@Sam-gc9yp What are you talking about? How does that pertain to this topic?

[@Sam-gc9yp]

@@15KHPCLUB I'm asking for your multimillion dollar advice.

[@hisnameisiam808]

​​@@15KHPCLUBI'm curious what book you read or what exactly is the "Kiyosaki" way? Is it in "rich dad poor dad"?

[@wirebrushproductions1001]

Ramsey is a savior for people who can't handle debt. If you've got a decent income and you follow his advice (and you don't get unlucky) you'll do modestly well. Kiyosaki is a risk-taker who will push debt to its limit. Follow his advice and you may (if you don't get unlucky) get rich. Of course, it's entirely possible that Kiyosaki has just been lucky, and is a walking advertisement for Survivor Bias. Ramsey started off like Kiyosaki.

[@chrism6904]

I’ve made millions following Robert Kiyosaki’s advice and teachings. 38 million in real estate, 8 million in gold, 3.5 million in silver, and 18 million in stocks. Started when I was 19 yo.

[@wirebrushproductions1001]

@@chrism6904 "Follow his advice and you may (if you don't get unlucky) get rich. " You got lucky and you got rich. When did you get into bitcoin, and how much do you have? What price level will wipe you out and what guarantee do you have that it will never fall lower?

[@jesssc402]

@@chrism6904cop

[@lordkev4627]

If the banks recall that Billion Dollar debt he’s so screwed… that’s what happened to Ramsey in the 80s and that’s why he teaches the way he does now.

[@CharlieCside]

I have a brother who reached the 2 mil mark! Then his wife found out his biz trip was a cruise with his side bunny. When the divorce happened, banks called in his notes and he went broke. My father made a similar mistake minus the GF, just too much debt flowing business in three states. He died broke. This guy is a gambler.

[@a.s.2426]

What do you mean, “recall”? No such provision exists, to my knowledge (and I have considerable experience with business loans and lines of credit) in most kinds of asset-backed debt deals.

[@jocool562]

​@@a.s.2426he means the bank calls your note. As in, they want the money you owe them all at once.

[@a.s.2426]

@@jocool562 That's the meaning, but under what conditions would that be triggered unilaterally by the bank? Seems to me it would be very rare. I have raised over $20mm in debt for my own companies and only once (during the 2008 housing meltdown when they were facing insolvency) did a bank try to get their funds back from us. We legally stopped them because it wasn't possible for them to do so under the loan agreement. All agreement are different, but generally the bank does this under conditions of default or breach of covenants only.

[@NBGUYVER]

​@CharlieCside he's not gambling. He has debt so that he can use his free money to invest. He has the money to cover what he's borrowed

[@Bako-b8j]

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.

[@DavidLucas-so8rr]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@Bridget-l7p]

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.

[@EthanBrown_23]

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

[@Bridget-l7p]

'Laurelyn Gross Pohlmeier' 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 navigating the financial market.

[@trazzpalmer3199]

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.

[@BrokTheLoneWolf]

The point of real estate is to borrow the dollar. It’s an instrument of shorting the devaluing dollar. Buying real estate with cash misses the whole point.

[@ChristopherAbelman]

Buying of ETFs is easy, but buying the right one without a time-tested strategy is incredibly hard. Hence which is best to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

[@HildaBennet]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

[@PennyBergeron-os4ch]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@JosephineKenney]

I need some advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?

[@PennyBergeron-os4ch]

My fiduciary is Sonya Lee Mitchell. Research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@JosephineKenney]

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.

[@johnnyj222]

In 1850 an ounce of gold would buy you a nice customized suit. In 2024 an ounce of gold will buy you a nice customized suit. Gold and silver is merely a store of wealth, not an increase.

[@amireallythatgrumpy6508]

LMAO how dumb do you need to be to measure ANYTHING in ounces in 2024? Use grams or kg like a human being if you want to be taken seriously.

[@icecreamsikeyuhasz5689]

Glad someone pointed that out!! Its not that gold is increasing, its that the dollar is eroding!!

[@amireallythatgrumpy6508]

@@icecreamsikeyuhasz5689 It is a bit of both, dummy.

[@AdamJ3232]

I remember had to buy the book when i was in school because they wouldnt give it out to the kids. Goes to show you the American School System is Horrible. College is not bad (if your in the right program) but High School was awful.

[@chriswood4510]

I did Dave’s plan and rented my house out that I paid off in cash and generate enough to live for free. I don’t have to compete with the mortgage. 💸 no tenants, no problems. It’s a solid way.

[@robert549]

And there you go. That was a way you leveraged debt. You put the debt to work and made it pay off.

[@maelstop]

Dave Ramsey has never advised to invest retirement in Bonds. If you are going to use the guy to get clicks at least read his book.

[@bffoxjr]

Dave Ramsey's methods are geared toward folks with little self-control who need a low-risk way to get ahold of their lives. RK tends to be more high-risk, high-reward.

[@hisnameisiam808]

So true

[@tashmoobabe8704]

Again, it's situational. It depends on value relative to interest rates. What makes sense at one time makes less sense at another.

[@RudyG.Miller-j9v]

Thanks to You Mate, I have realistic expectations for this bullrun. Got into crypto early this year and I have truly learned a lot from you about cycles, crypto and markets as a whole. Now I know that all assets/markets are heavily tied to each other and global economy has very high impact on Crypto. That is why I am very cautious about when traditional markets top and how this affects Bitcoin and altcoins. If i have not discovered your channel I would have blindly holding instead of engaging the market........ I have managed to grow a nest egg of around 9.3Bitcoin to a decent 44Bitcoin. in the space of a few months... I'm especially grateful to Evan Dannis whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@HenryL.thorpe]

Trading is the real investment. The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing

[@LawrenceValdez-wtt]

Trading success always depends on applying the right trade signals to your trade

[@RoyMurray-ruy]

Trading without any guide is so risky, you need to get a good mentor to guide your trades.

[@Ethanporter-u7h]

I want to start investing but need guidance on how to invest, any help or advice for assistance please?

[@LanetteCampbell-j2x]

It is good to seek expert guidance before venturing into trading to avoid losses

[@jaykaufman6339]

I used to be a big Dave Ramsey fan until his referral program cost me a lot of money then I realized Dave is in it for Dave.

[@philiprampape6784]

That why I love @Robert Kiyosaki, he takes non-recourse debt which the Banks and financial markets securitises to us. I love this guy; he is a genius and I live by his mantra.

[@archerpaintball6822]

Dave: save cash that loses 15% of it buying power every year to pay cash for liabilities that lose value and invest in stocks that don't keep up with Inflation. Robert: no personal debt, use depreciating cash with leverage to buy appreciating assets so you are paying off loans with inflated dollars. Win both ways. Robert has changed my finances so I can pay cash for my house. If I followed Dave I would still be paying off my first house.

[@pouletadd]

They have different audiances. *Dave Ramsey* : How to get out of poverty and live an average life. *Robert Kiyosaki* : How to get rich and live like no one else.

[@amireallythatgrumpy6508]

Kiyosaki's way only works for 1% of those that try it though.

[@rickenbacker472]

@@amireallythatgrumpy6508It didn't even work for him. He makes his money from books and seminars. 😅

[@swimm3r137]

It's one or the other -- it's BOTH. I used Robert's advice from his first book to massively invest in myself, with money I didn't have. I eventually accumulated 10K in credit card debt which I'm just paying off now -- because I believed the BS he peddles. Being in debt is the absolute worst thing you do, unless it's real estate debt (leverage). It's a completely different thing. Ppl are in debt to their noses and don't even have $400 in savings. Why the F are you telling ppl to go into more debt? First, get out debt -- Dave Ramsey style -- then accumulate assets (Robert K). It's one before the other. Almost all rich ppl have no debt. Investing in yourself is an absolute must and I praise Robert for it, but spending money you don't have is absolutely foolish, MOST of the time, for MOST ppl. Dave Ramsey is saving ppl's lives. Robert is speaking to that .00001%.

[@konradp.3025]

See that's where people get it wrong. It took me a while to understand that to leave "above average" is not to own more. Average person is up to their tits in debt and can't afford to walk out on a job, is enslaved to their boss and bank. Driving old banger, no debt, clear head is way above average.

[@Colt3d]

Not just different audiences but drastically different values. One preaches restraint and planning based in common sense while the other spreads hate and wishful thinking based in his patented book Dave teaches how to get out of poverty and live a good care free/debt free life that slowly builds wealth by evading predatory loans and credit card dependency Kiyosaki just throws hate and smoke around, preaching all teachers are communists that you cant trust bonds, banks or the government and that you should all rely only in his book, in heavy debt and gold while preparing for the imminent apocalypse that will eradicate all the other clueless idiots. Yeah I think I know who to take seriously

[@Nebrenkas]

Last time you said bonds is an investment. Now you say its bad decision. Lol

[@royalalloy3471]

Uneducated debt is bad

[@brandonboulton2776]

Amazing how people will pay someone to indoctrinate them with poor paradigms.

[@StephenHoweUK]

Not all debt is bad

[@brandonboulton2776]

@@StephenHoweUK thanks for missing his point, while redundantly parroting the video. We didn't catch it.

[@royalalloy3471]

@@StephenHoweUK poor people use debt to buy depreciating assets the educated use debt to buy appreciating assets. Little knowledge is worse than no knowledge

[@TrainToBeAFreak]

That’s because you are a simpleton. Take a look at every single company you see driving down the road or advertising on TV - debt. The company you work for if you do work has debt. Debt is used as leverage to expand companies and nations. There’s good debt and bad debt. Leverage when used properly is how you grow a company beyond a small time middle class operation. The fact that you can’t decipher between the two shows that Dave Ramsay has failed you just like he failed in real estate by not leveraging properly. Now he makes a living off of simpletons that need help paying off credit cards.

[@DMills-un1tl]

First, I’m just so glad to see someone feel about Ramsey the way that I do. He’s condescending and doesn’t evaluate the individual situation, just spews. Financial advice varies widely based on your stage and circumstances in life. For my stage (near retirement) with all my savings and equity tied up in my house, a reverse mortgage with no debt of ANY kind makes the most sense. For a younger person, debt with growth capability is the better way to go.

[@robert549]

Yes!

[@KD-gu2mb]

I completely understand Robert’s way. And I completely understand Dave’s way. Who do you think sleeps better at night? Robert teaches a philosophy. Dave teaches a step by step out of debt path. Grandpa always said: first you barrow then you beg. If you owe money to someone tattoo their name on your forearms so when you’re working hard it will remind you of who you belong to and for what reason you became a slave. Most people have 700.000 hours on earth how much is each hour worth.

[@jacobhamilton4888]

Dave Ramsey wins. I have always thought Robert Kiyosaki was a goofball.

[@TrainToBeAFreak]

That’s because you are a simpleton. Take a look at every single company you see driving down the road or advertising on TV - debt. The company you work for if you do work has debt. Debt is used as leverage to expand companies and nations. There’s good debt and bad debt. Leverage when used properly is how you grow a company beyond a small time middle class operation. The fact that you can’t decipher between the two shows that Dave Ramsay has failed you just like he failed in real estate by not leveraging properly. Now he makes a living off of simpletons that need help paying off credit cards.

[@marcusrehn6915]

Agreed, Robert is an author and noting else.

[@15KHPCLUB]

@@marcusrehn6915 An author who drives a Ferrari 458, what’re you driving? 🤔

[@marcusrehn6915]

@@15KHPCLUB A Volvo, but then again I have never filed for bankruptcy

[@Hottubtony50]

Ok so he's a rich author...and?

[@ameliaemerson2250]

Absolutely love it!! The journey is not always easy, embrace persistence, patience and perseverance. Outline your goal and pull your efforts together to attain that goal. I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope

[@Mikael00898]

That’s a great motivation! I thought about ¢rypt0 but unsure of it. I need to do something quick. What can I do?

[@ameliaemerson2250]

Spot on. The market presents a lot of opportunities to create passive income, with the right skill and proper understanding. Whether you’re not sure about what to invest in, or you don’t have time to manage your assets, just make sure to consult an advisor. I partner with Olivià CharIotte OswaId.

[@ameliaemerson2250]

You can look her up and get in touch

[@danielwright4931]

Cryptos and real estate crowdfunding are awesome lnvestment options! It's great that you're growing with Olivia.

[@TheodoreMiller174]

Olivia is truly amazing! Her genuine dedication to helping clients achieve the best results is what sets her apart. When my wife and I met her in 2021 thanks to her, we've made significant progress in just 3 years and couldn't be happier with our choice

[@Pat7629]

Unlike Dave Ramsey, Kiyosaki's company declared bankrupcy. Dave Ramsey's net worth is more than double his and he is significantly younger.

[@Budd631]

Ramsey declared bankruptcy twice

[@kevinmeyer8068]

50 years ago you buy gold coin for $50 and now worth $2.000. Big deal. Take that same $50 and put it into a S & P 500 fund and let it sit for 50 years. That type of fund returned about 11% per year over the 50 years.Total return would have been around $9,200. Didn’t even figure in dividends. Looks like RK is the fool.

[@JJ-zr6fu]

Yeah I think he used to use the gold as an example for why just saving is bad but it’s morphed into gold fever.

[@weslautenbach8002]

No taxes on the gold

[@kevinmeyer8068]

@@weslautenbach8002 if you sell more than a $1,000 in a year it is. You are required to fill out 1099-B

[@madness03]

you don’t need Dave to tell you if you want to be debt free eat rice and beans for 2 years don’t buy useless shit & pay your CC, that was easy

[@amireallythatgrumpy6508]

99% of America does.

[@robert549]

@@amireallythatgrumpy6508 No. Only daves stupid audience.

[@amireallythatgrumpy6508]

@@robert549 All Americans are stupid, whether they follow Dave or not.

[@mattclark2655]

Lol 😂 dave doesnt like bonds at all. His investment strategy is split 4 ways with large cap, mid cap, small cap, and international stocks.... which are WAY less volatile than gold. Im going to ride with the guy with hundreds of millions of dollars, zero debt, and a licrative businees vs. The guy a billion in debt and a negative networth.

[@waltzwalter]

5% annual return is easily thrown out there for illustrative purposes, but not so easy to achieve! Where do i put $500k cash reserve to keep cash safe for next 4 years? My concern is insolvency

[@Porterfield11]

I think you're better off with majority investment in S&P500 and uprising equities in view of retirement cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

[@andbeyondd]

When it comes to situations like this, it’s wrong to engage in a single option. I suggest diversifying into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger dividends and balance volatility.Thankfully, I can attest to the success of this approach seeing my portfolio of $330k grow by 85% in 3 years.

[@BINDERANDREAULRIKE]

When it comes to situations like this, it’s wrong to engage in a single option. I suggest diversifying into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger dividends and balance volatility.Thankfully, I can attest to the success of this approach seeing my portfolio of $330k grow by 85% in 3 years.

[@SaintYvess]

Choosing one course of action under circumstances such as these is incorrect. I believe that investing in a variety of high-performing alternatives and diversifying your portfolio with the knowledge and assistance of a finance professional will increase dividends and reduce volatility.Fortunately, I can verify the effectiveness of this strategy because, in just three years, my $330,000 portfolio increased by 85%.

[@danf1323]

Dave Ramsey has a net worth of 600million this guy has a billion in debt I’ll take the net worth of 600 million thanks

[@chadhaire1711]

Kiyosaki has been broke for years....all fake....like those Rich dad books he didn't write

[@Coco-pl2ub]

Bro..Dave Ramsey is only worth $200 million and don’t have president level as a friend..get your facts updated

[@Emily_CM]

How does he sleep at night? Golly!

[@johnblue8029]

He’s using other peoples money to make money. It all depends on how you want to look at it. I own 4 million just flat out and property. I have 10 million in debt because it’s making me money.

[@chadhaire1711]

@@johnblue8029 Kiyosaki has NOTHING..all bullshit stories...a fake

[@davidmay3504]

Ok, so I think I can answer this from Dave's perspective better. Dave told the story once about an old farmer talking to Dave about buying a piece of property. Dave asked him why he paid cash for the land instead of financing it. Dave's justification was that he would still have the money in the bank and the interest was tax deductible. The farmer was a bit blunt, but was gracious enough to answer the question. He said "How much interest would you pay?" I think it was something like 5 percent, but I'm probably wrong. Anyway, they came up with a number. Then he asked Dave "How much would you save on taxes with your write-off?" The answer was a few thousand a year or something like that. So the farmer showed him that he wanted to spend tens of thousands to save a few thousand. And then he asked Dave "You want to college for this, what are they teaching you. I thought you were smart, boy?" Interest only helps the bankers. There may be a reason, occasionally, where the time saved by getting debt to increase the income stream may be worth it, but paying it off always has a positive effect. And, don't forget the saying "The borrower is slave to the lender". The bank always has the ability to call the debt and take your income stream if times get tough or they sell the company to another bank, etc. Both views are valuable, but long term I think Dave wins. Robert, however, does have one view that I found phenomenal. He basically told that if you wanted to buy something or finance a business, there are tons of ways to get the money. If you "can't", it's because you're lazy or scared. And you don't deserve the success anyway, because you won't do what you need to to have the business. Financing is an option, not one some would use, but it IS an option. One thing is for sure, if you're willing to be on the hook for the investment, you'll definitely not be lazy about it. More zeros would be exponentially more stress until you got the pieces into place.

[@TedWentz-n2o]

Robert has a net worth of 100 million. Dave Ramsey has a net worth of 650,000,000. Absolutely no debt. Who is the idiot?

[@LearnASL-bx9xt]

If he has one billion in debt he actually has a negative net worth of 900 million. I have a friend who is in love with this guy he is always broke.

[@rmondave]

Ramseys audience are mostly unsophisticted and not prepared to manage even minor complexity.

[@minnesotajack1]

Ramsey is Finance 101 RK is Finance 401 It depends on how much you want to pay attention.

[@ThisDesignLife]

Give an example

[@OutdoorsWithChad]

RK is a snake oil salesman. He never actually tells you anything applicable.

[@ThisDesignLife]

@@OutdoorsWithChad and people keep buying his stuff. Crazy.

[@minnesotajack1]

@@ThisDesignLife If you follow Ramsey’s rules of “save a modest portion of your money and don’t carry any debt except your mortgage” … you can live a solid life, without having to worry about the timing of your purchases. 101 RK encourages financing rental properties that will generate cash flow and carry mortgages which allows you to buy more properties, which will free up money to buy properties that will generate more cash flow. Also a great way to accumulate both money and d assets. However, RK’s way means being vulnerable to housing trends, economic strength of tenants, and general headaches of being a landlord. Or if you prefer…”more money, more problems” 401

[@steveperreira5850]

If everybody followed the advice of RK, The world economy would collapse within a year. Already the western economies carry the burden of Fiat currency and excessive borrowing, all kinds of inflation and debt to service. Debt that can never be repaid, hence real doom is on the horizon.

[@telegraphkid]

Hey genius, never mind the 2k you got from your gold coin that you bought during the vietnam war. Had you just invested $50 into a standard market S&P tracker you would have over $10k. Don’t listen to this guy, Dave Ramsey is a far better model to adopt for most.

[@GOODMAN-eu1cm]

Exactly my thought. Buying gold and silver is a very poor investment strategy.

[@JJ-zr6fu]

Dave would’ve had you put the money in a mutual fund which would’ve underperformed the market

[@CalebMaina-lf5po]

​@@GOODMAN-eu1cm buying gold and silver is not only an investment, it's a protection from inflation.

[@jordanwalters7898]

Dave is for guys like me. Consumer debt was killing me. Now that im free of it. I can merge Daves advice and Roberts advice. Wouldnt have freed myself it wasnt for Dave.

[@bradleymaravalli2851]

Dave Ramsey never says to save money in lieu of gold. He says to buy mutual funds & index funds which grow far faster than gold. See the S&P 500.

[@dfoster4234]

When I first got into investing, I studied Dave Ramsey… I went all the way through his education, and by the time I got to the end I was like wait a minute this is not get me where I want to be. So then I started studying from Robert K And it was the school of hard knocks, but I’ve made millions.

[@robert549]

Awesome.

[@MoltenArmour]

getting old is worse than drugs kids :D

[@roxymax8917]

You're young and a moron. You didn't get him

[@MonicaA777]

😂

[@hisnameisiam808]

What do you mean?

[@jayc4715]

😂

[@Atclav]

The reason people hate Dave is because he lives in truth. If you owe money, subtract your debts from assets/cash and you are what is left over. Dave lives in reality.

[@keithwiebe1787]

I don't like Dave Ramsey's hateful rants. etc.

[@amireallythatgrumpy6508]

His rants just tell you to take control of your own life. What is hateful about that?@@keithwiebe1787

[@yasminogbu8929]

very true

[@Atclav]

@@keithwiebe1787 Dave is an acquired taste.

[@noah-gordon]

Dave has made his millions on selling bad advice. He speaks only partial truths and a lot of lies. Speaking from one who lost ALOT of money off Dave’s advice.

[@Particamuwowo]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[@Saviourtina-c4i]

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 because I invested early ahead this time >.

[@LindaL.Fielder]

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.

[@KarenJ.Mancia]

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

[@LindaL.Fielder]

',Stacy Lynn Staple maintains an online presence. Just make a simple search for her name online.

[@JasonB.Chisolm]

I checked Google up out of ;curiosity and I must say I am impressed by her Credentials. I emailed her already, waiting on her response.

[@357GREENVISIONRECORD]

I hear what you're saying. But the average American doesn't have an income that can buy them a house cash. They don't have an income that can buy them a brand new car cash. They don't live in communities that rent apartments without credit checks. Unfortunately America is built off credit. There are many jobs that run credit for employment. It's a dirty game, but it's life. Saying never use credit only works for people with the financial leverage to back that up.

[@rrickarr]

To be fair, and being a teacher myself, Robert could have been more refined and said that Dave Ramsey is probably talking about personal debt like credit card debt and loans. David Ramsey cannot do anything beyond that!

[@amireallythatgrumpy6508]

Americans aren't capable of doing anything.

[@neubauerjoseph]

Because of you get into his story he is just banking of his personal account or history . He made it off real estate and mutual funds then selling his book and his service. He doesn’t sell any services . It’s not like a business. He literally says if your smart you won’t fail doesn’t think that honest people lose their jobs because not their fault. Happened to me many times .

[@erikescalet]

It's all relative to one's situation. Robert and Ramsey have good advice for certain situations.

[@claydiddy63able]

I agree

[@rameeziqbal8711]

Can you tell me if Robert's advice has actually benefited a person to make him rich by taking on debt? Is it realistic?

[@leevancleef553]

Dave only teaches financial peace in your house. He's not telling you how to get rich.

[@SuoncyCharlotte]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets 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.

[@LiviaDeantyG]

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 daughter. 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.

[@SuoncyCharlotte]

@@LiviaDeantyG Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.

[@LiviaDeantyG]

@@SuoncyCharlotte Oh please I’d love that. Thanks!

[@SuoncyCharlotte]

@@LiviaDeantyG *MARGARET MOLLI ALVEY*

[@SuoncyCharlotte]

Lookup with her name on the webpage

[@GaragePie22]

It amazes me that RK can do interview after interview saying the same stuff like a broken record for years! Doesn't get bored of it! 🤣🤣🤣

[@Epilepticchefproductions]

Lol I know... RK: the crash is gonna happen this year for sure. There is a lot to learn from his book, but Dave Ramsay is fool proof in my opinion

[@trevorsrq6179]

Dave will help you get out of Debt. He won’t teach you how to become wealthy.

[@darrellbarnes2096]

That part

[@josefj1776]

He teaches you how to clear up your cash flow so that you can invest. It’s hard to invest when you don’t have any money left over.

[@YSCVIC]

From what I've seen, Kiyosaki's financial advice is philosophical, and geared to taking on big risk for big returns, including investing in businesses. Ramsey's advice is concise and practical, and more focused on long term gains and assuming less risk. Kiyosaki's method is much more difficult for the average person, and he tends to over simplify, and under explain. I think there is room for both ideologies but practically speaking, I prefer Ramsey's approach.

[@chickenandchips8802]

Robert is a billionaire with debt and Dave is a millionaire with no debt…… you choose 😊

[@ruthdenham8211]

Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?

[@gregsmith1584]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@margaret2276]

I agree, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.

[@Stephanie-lm4kt]

Nice. those who work with expert typically earn more than those who go it alone.

[@danielcurtis9926]

Having an investment advisor is the best way to go about the market right now. I was going alone, but it wasn't working. I've been in touch with advisor, and just last year, I made over $300,000 capital growth.

[@danielcurtis9926]

That's the more reason I prefer my day to day investment decisions being guided by an advisor. I been using my advisor for over 2years+ and I've netted over 1.2million.

[@marcusrehn6915]

This dude is just an author

[@masterchief5437]

Yeah and he's the poor dad lol

[@Showpony-u8w]

Nah he’s not, he’s a great businessman

[@rameeziqbal8711]

​@@Showpony-u8w You must be very rich implementing the advice of your role model in your life, right?

[@Showpony-u8w]

@@rameeziqbal8711 I’m not , that doesn’t change the fact that he’s a great businessman, and salesman , I have a rental that people rent from me , so I’m using his advice in that way a little bit , what he tries to push is buying assets, have you got any?

[@tubenachos]

Nothing wrong with practicing both Robert and Dave's advice simultaneously.

[@robert549]

They oppose each other, you can't do both. No way.

[@Taking_Chances]

Sorry man Dave Ramsey advises you first and foremost on buying real estate. You either have no clue are are intentionally trying to discredit him

[@jacobbowling6247]

The problem is absolutism. I used to be absolutely everything Dave Ramsey’s way Now I realize, I can use debt if it will make me money, or let me hold onto an extra month of my money at a 4.6% return interest rate (not much but every bit counts). And since a store is going to charge me the same price regardless of how I pay, I’ll use a credit card to get the points… but I never carry a balance. Do not do this if you don’t pay off the balance in full each month. I still don’t overextend myself with debt. I still believe in having 6 months of living expenses in the bank. I still invest 15% of my income into retirement, but I know paying off my house early is just money that could be gaining more return in my tax advantaged retirement account. I live by a lot of Dave Ramsey’s principals, but that doesn’t mean I have to live by all of them. Just like this guy has good information but I’ll pick and choose what I follow. Gold and silver maintain their purchasing power, which is better than fiat money, but owning investments is the only way to INCREASE your purchasing power.