Should I Listen To My Friends Or My Wife?

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[@jh26pt2]

Depends on how long you want to remain married.

[@Sinful_Survivor]

Happy Wife, Happy Life

[@User-72430]

😆

[@joannanguyen5594]

LOL 🤣🤣🤣🤣🤣🤣that's true.

[@persistentbee]

This is both true and hilarious :D

[@troyeager8877]

Sometimes people are jealous of how good financially you are doing that they try to drag or bring you down. Cruel but true.

[@Nepthu]

Very true. This has happened to me. I got a decent promotion at work with my own office and assistant. I thought they would be happy for me, but they seem more jealous than anything.

[@mamajojoworld798]

Don't be a stupid husband. Your friends don't live with your decisions, your wife lives with your decision. Your decision affects your wife and your children, not your friends children or their wives. Listen to your wife. Whether good or bad, she will be there.

[@stevexspeed7649]

That’s pretty dumb advice….wouldn’t listen to a dumb husband, right?

[@702prodigy]

@@stevexspeed7649 relax man 😂

[@blackspiderman1887]

No. You don't take bad advice no matter who it comes from.

[@Jane-rh7tc]

@@blackspiderman1887I don't think the logic is totally wrong either, friends don't have to be responsible for your life so they can throw in whatever idea they want without thoroughly thinking it through, where as spouse has to think the risks and impacts the idea can have on their life, sometimes the risk works out and they strike gold, sometimes the risk is too high and they can be in a big mess.

[@deejay7139]

New friends are easier to come by than a new spouse

[@summerforever6736]

Not true

[@2023Red]

Yep, Dave is correct here. The man has a good wife, listen to her.

[@chaselesser3191]

I saw the title and thought, “Someone has a death wish!”

[@AEvans36977]

He needs to keep his friends out of his business. How he handle his money is his and his wife's business. Those friends don't live with them. I can't believe he thought he needed advice on that. That's the problem in this country: people know too much of each other's personal business.

[@reese85]

You don’t talk with your friends about money and making certain investments? Like what are you talking about?

[@morpheus6609]

@@reese85 I was thinking the same thing. My friends and I discuss different investment strategies all the time. I have a higher net worth than this gentleman and he is twice my age. He definitely invested too conservatively throughout his wealth building journey.

[@reese85]

@@morpheus6609 I really don’t understand guys anymore! There’s so many ppl suggesting that he get new friends and just listen to his wife and I’m like what?

[@375Cheytac]

You’re right. It’s better to be completely blind and never get a second opinion, and the people who do are the problem.

[@flea4061]

I'm not against real estate, but I'm against renting. Everyone thinks they can do it, but the reality is different.

[@iBryanDBrown]

Your friends don’t have to live with your decisions…your wife does.

[@reese85]

Everybody that’s successful in the world! You think none of them didn’t get any ideas from friends and not their wives and didn’t make money?

[@lot5953]

Haha I agree with you. The video title makes me laugh. I don't have wife yet but of course I will listen my wife because happy wife happy family

[@philipallard8026]

A real estate investor told me once “never buy a property with a bedroom”

[@Quinu12]

This guy has a voice for radio.

[@summerforever6736]

Yes he does firat think i noticed ...I did not care about the stupid reason he called...

[@jill9606]

Why would your friends’ advice hold as much weight as your wife’s? I’d be annoyed if I were her because a wife should have more say than his friends. This decision will impact her, not his friends.

[@reese85]

Not true! Everything about making money doesn’t have to involve the wife or husband and what friends discuss and come up with may be a field the wife is not knowledgeable in and may not understand how it works! So talking to friends would benefit him more in that case

[@endofquoterepeattheline7516]

Well maybe the wife is an idiot and the friends are intelligent 🤷‍♂️ (not in this case but in general)

[@iPervy]

This guy has a killer radio voice.

[@nicokl5593]

He really does!

[@DREQON2005]

He Could have easily done that for a living

[@grantguy8933]

Dave is replacing George with him soon.

[@TheFlyingZulu]

No joke and he's 68?! Daumn.

[@kevinb8881]

Dave, do I listen to my friends or do I listen to my wife, LOL!!!😂😂😂😂😂

[@jamaicaninthekitchen4358]

Joker

[@thomasd5488]

Dave should have asked the follow up question, "Do you sleep with your friends, or do you sleep with your wife?

[@kevinb8881]

@@thomasd5488 I know right, LOL!!!

[@jeanc819]

A rich man is someone who has a wise wife!

[@B-gk2my]

Really

[@barnabusdoyle4930]

His I-Bonds are a hedge against inflation. The I-Bond pays an interest rate that goes up when the US inflation index goes up to match. They pay pretty well right now

[@wengers111]

TIPS are also an inflation hedge. While their coupon rate is constant the principal adjusts with inflation so their coupon amount goes up as does the amount due at maturity.

[@juangonzalez4376]

With friends like that who needs enemies

[@reese85]

Saying doesn’t fit what happens here, smh

[@ATGAT]

Dave not knowing what tips are 😂

[@Mr_Fairdale]

I own a few rentals. I pay a property management company. I ain’t fixin no toilets lol

[@jenniferspisak]

That is our plan as well

[@grantguy8933]

Agree with Dave, fire all these dumb friends who were wrong twice already.

[@BrokeMillionaire1]

🤣🤣🤣🤣🤣 Your wife, of course. Even if she’s DEAD WRONG! Always remember that! 😂😂😂

[@michaelwoods4495]

Dave seems to have forgotten that TIPS aren't conventional bonds. Treasury Inflation-Protected Securities, or TIPS, provide protection against inflation. The principal of a TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index. When a TIPS matures, you are paid the adjusted principal or original principal, whichever is greater. TIPS pay interest twice a year, at a fixed rate. The rate is applied to the adjusted principal; so, like the principal, interest payments rise with inflation and fall with deflation.

[@simplyafederalist]

The guys wife knows more about investments than Dave does. This just proves yet again Dave gives horrible investment advice outside of Real Estate. Although the guys friends are even dumber. Yay lets buy real estate which is way over valued, even more than in 2007. By cashing out an account that is graunteed to keep your moneys worth in high inflation. If anything the oppiste is what you should be doing. Sell all your rentals and use the money to buy TIPS. You are going to lose way more value in keeping rentals, than what you will have to pay in capital gains.

[@alisatourek9176]

Good info. Thanks

[@mrsmith1339]

The only rental property I would want is a parking lot in a location where it does not snow. My friend recently retired , again. His son bought an emply fenced lot to rent as RV and equipment storage. The idea was that renting the site would give dad something to do. The first customer said they would take the entire property with a multi year lease. No job for dad.

[@superblump87]

Tell your friend to travel, get a hobby, and volunteer for good causes.

[@djpuplex]

Until someone does a slip and fall and filed a lawsuit raising your insurance. Or the area where the lot goes down hill.

[@ceciliapetrowsky2572]

I keep saying that RV rental storage property is a good buy. We are paying a huge amount of money for RV storage in a gated fenced security place. No competition around.

[@djpuplex]

@@ceciliapetrowsky2572 until the person who are living in the RV storage place burn there RV down because they Jerry-rigged their electrical. Buy REITs if you want exposure to real estate.

[@ceciliapetrowsky2572]

@@djpuplex I don’t understand your comment. No one is living in a storage lot.

[@wickedbird1538]

Don’t discuss finances with friends. It’s not their business.

[@chrisforker7487]

Great explanation Dave, this should help a lot of people!

[@nelli616]

💯

[@tcgtpl]

The caller is in good financial standing & his retirement nest egg is making more than he's taking out, so he doesn't need to do anything. I'd go with his wife's take of not having to deal with all the hassle that comes with getting into a new venture. Once I retire I want to focus on stuff I like & want to do, rather than worrying about investment growth & all the other drama associated with that.

[@johncameron4194]

Good info

[@JavaGeek7654]

Ramsey doesn’t understand TIPS… However, if inflation rises, the principal on the TIPS will increase, allowing for the coupon payments to rise…

[@erinwill6743]

Why would he even ask Dave this

[@IamNigelPearson]

I want to see Dave Ramsey and Scotty Kilmer do a segment on cars.

[@reese85]

I just started watching Scotty 2day lol

[@Man_in_a_Gucci_Suit]

@@reese85 Scotty is overrated and every single video has a clickbait title

[@maxcadey9223]

The problem with rental properties is that when people think about having one.all they think of is $$$ coming in every month and your going Yippy Yippy. My house, which isn't a dump had a collapsed sewer pip. 5000 out the door there went your profits.

[@reese85]

That’s why ppl shouldn’t get single families

[@bradleymaravalli2851]

I own a duplex and never had a "midnight call." The only one close to it was the washer breaking and I simply called someone else to fix it. Anyone can place a phone call properly delegate tasks. This isn't rocket science.

[@gmarie3053]

Disabled tenant with no heating in the winter might be an emergency- always a possibility with a rental

[@reese85]

@@gmarie3053 that’s not really an emergency! If that happens, they will have to wait until business hours until someone can go out there and fix the situation

[@bradleymaravalli2851]

@@gmarie3053 nothing that a couple of infrared space heaters can't resolve as a temporary measure.

[@drhoughton5481]

@@gmarie3053 it is a possibility but not probable.

[@summerforever6736]

Exactly

[@Lasheem]

Wife over anyone else.

[@CNT536]

Simp. Watch her divorce and take half your stuff 😂

[@reese85]

Not always!

[@trent797]

Ask your friends to show you their investment portfolio.

[@reese85]

They don’t need one, to give advice!

[@xcw4934]

The friends may be doing great with rental properties they own so they might not be wrong with their advice but their advice may be wrong for this guy. Sounds like this guy's wife knows him better than his friends which just means he married the right woman.

[@bighands69]

Property is a long term investment.

[@BagsNBaguettes_327]

Your wife is 100 right. Don’t do it.

[@stuartcastle6930]

I've read every comment and not one person has called out the fact that realestate isn't necessarily an inflation hedge when talking about inflation in terms if CPI. It means tightening money supply and raising interest rates. So these factors push down the value of assets purchased with debt. Dave is wrong, his friends are wrong. Wife is right on this one!

[@bgbusiness_]

Good for him!!!

[@ericvisser113]

Treasury Inflation Protected Securities (TIPS) have a fixed coupon rate but the amount payment amount is calculated by adjusting the principal amount according to the Consumer Price Index.

[@rogerpullin8997]

At 68 don’t become a landlord,, at 38 maybe, it is not for everyone

[@lordpokesmoke]

I’m not sure if I’ve seen anyone mention, but TIPS are treasuries that are specifically designed to change with the rate of long term inflation, as the principal will adjust based on inflation rate and the interest is paid on the adjusted principal. Between TIPS and I-bonds this guy already owns conservative inflation hedges.

[@JosiahK555]

800K is not enough to go do real-estate at his age, i wouldn't do it.

[@TodaysDigitalPulse]

I was getting the feeling Dave didn’t know what TIPs were

[@cwent610]

I don’t think Dave realizes what a TIPS is ….

[@TedFarabee]

Wow. You’re sitting pretty. I’m not into real estate, but even I remember when landlords could not evict their tenants. Take your lovely smart wife to Cancun and move along.

[@jme92685]

Don’t take financial advice from a bunch of broke people.

[@BrandonBurch]

What is Dave doing with the headset cord lol

[@richard77231]

What about investing in REITs if you want to invest in real estate without the management hassle?

[@brettrichards8332]

Neither listen to your head

[@johndanley4534]

I thought for sure he'd say George is not a friend..... 🙂 Missed opportunity!

[@miketheyunggod2534]

Dave is wrong again. Bonds ARE a hedge against inflation. The rate on I bonds raises as inflation rises . Dave wrong again.

[@abark]

I bonds are inflation adjusted. Regular bonds such as municipal bonds will be absolutely murdered in an inflationary environment and rising interest.

[@diceportz7107]

Owning rental property is not always the best for everyone. Oh it sounds good but you cannot imagine the stuff some renters do! And getting them to pay the rent is another trick.

[@voodooshoes330]

Id just like to address how well spoken this caller is and what a good conversation this was

[@jenniferspisak]

These types of calls are nice to hear. I tire of people calling in to get advice and then bucking the very said advice they’ve called in about😂

[@voodooshoes330]

@@jenniferspisak Same. Like why even bother calling. Half of them know they shouldn't buy a tesla if they only make 35k lol

[@etontheground-ETOTG]

If you have to call Dave Ramsey about this, you don't have a clue.

[@rickyzz]

This guy is talking about Series I Savings Bonds, of which the interest rate will change quarterly according to the inflation rate

[@jeromehenry4484]

I was chuckling at Mr. Ramsey's ignorance about I-Bonds (inflation is literally in the name).

[@mackdaddy2208]

Semi annually, no?

[@Bob-yh7ir]

Are his friends financially independent and millionaires? Then duh.. no.

[@reese85]

What does that have to do with talking advice from them and his not no millionaire himself, but owning real estate can get him there! But I wouldn’t do it at his age

[@Chromewarrior]

This dude needs to grow some balls and find new friends. Does he consult his “friends” to use the bathroom.

[@affableone7321]

😂😂😂

[@reese85]

There’s nothing wrong with his friends! He’s just too old to now try and do real estate

[@joeriveracomedy]

Why does a friend's opinion(or anyone for that matter)on money matter to this guy? Unsolicited advice should be in one ear, out the other.

[@paint14872]

The TIPS are exactly inflation rate but that means you aren’t beating inflation. So they’re fine to keep pace but if you want growth you have to buy companies

[@jillgott6567]

Yeah listen to them if you want a divorce

[@coderider3022]

TIPS still affected by rapidly increasing interest rates, they crashed too with everything due to duration risk.

[@theGrayArea2]

Will the return yield larger than what you’d pay in spousal support ?

[@imbonnie]

Real estate is high now so may not be a hedge against inflation in the short term.

[@arga400]

Homeboi needs to get new friends; you just told Dave they gave you bad advice in the past

[@reese85]

He’s 67! He don’t need new friends and all friends give bad advice from time to time! Like y’all crazy

[@gmarie3053]

If your friends have t given you dumb advice at least a few times in 69 years, they’re not real friends 🤣

[@reese85]

@@gmarie3053 thank you! Idk what’s goin with ppl yo! The advice wasn’t bad but we all give bad advice from time to time

[@jackofhearts1056]

Wife. Next call....

[@michaeldonovan7522]

How is buying a mutual fund in an inflationary environment a hedge against inflation? 🤔but I agree with Ramsey the guy’s wife is right…

[@cutehumor]

Dave, how are your mutual funds doing this year? I remember you make 12% every year, right

[@amireallythatgrumpy6508]

You've never heard of the concept of an average.

[@cutehumor]

Dave's 12 percent is a made up number and it's BS 😅

[@katemiller7874]

This is between a husband and a wife

[@JohnThomas-lk8sz]

Dave doesn’t know what a TIPS bond is apparently. Probably shouldn’t be taking investment advice from him.

[@webfreakz]

Uh, how is TIPS not a hedge against inflation?

[@waterbottle4782]

Oh boy...

[@KnifiNtheHeart]

Neither

[@ytr8989]

Depends if your wife has a student loan.

[@kevinb8881]

I know right, LOL!!!😂😂😂

[@donaldmorrison9940]

Don’t need to know the question here. There’s only one right answer

[@jimmymcgill6778]

Well, your friends are not totally wrong. But do you need or want to get into real estate? If not, then no.

[@reese85]

There not wrong, but at his age! I wouldn’t get into it.

[@vickyadams7673]

Hated being a landlord. My dad left us rentals which were promptly sold. No rental hassles. They were dad’s thing, not mine. Freedom in retirement.

[@theforeignerinamerica1817]

Listen to who has MORE MONEY

[@AlexanderSagal]

This was a rough call for Ramsey. He clearly doesn’t know what TIPS are. 🙄

[@Jane5720]

Well for one thing and this should be pretty dang obvious hello! His assets are their assets if they were to get divorced. So it’s as much hers as his!!!

[@Jajaky]

Growing up renting land to farmers, I have no clue why anyone would rent residences. Why rent something that people will break and ruin, when you can rent dirt for the same profit

[@JAYC.]

I don’t even need to watch this video to know you need to side with your wife

[@summerforever6736]

Sell the car!!

[@Songbird36able]

Why are you talking to your "friends" about this?

[@zacchbecker5252]

I thought he was worth way more the way he was casually talking about buying rental properties. Where is he getting the money is he is only worth 850k (including his paid off home) 🤔

[@reese85]

He can pull from investments or equity from the house

[@zacchbecker5252]

@@reese85 Sure. He would have to pull a lot from the house or a lot from investments in order to buy multiple investment properties is all I am saying. If you say half of his worth is house and half is investments. He would have to pull out several hundred thousand to buy multiple properties.

[@reese85]

@@zacchbecker5252 you don’t have to pull out that much! Just the down payments and the houses/rentals will pay themselves

[@zacchbecker5252]

@@reese85 I don't know. A decent rental near me is $400k. 25% down is $100k. Get two of them, $200k. I live in Idaho. Maybe he can get a rental for much cheaper, I don't know.

[@reese85]

@@zacchbecker5252 400k is not 100k down! Idk where you guys be getting these numbers from but there wrong yo

[@Pcj74049]

Put money in Emu’s and Beanie Babies and get McRich

[@valerieosborne16]

Listen to the wife. I’m glad you are.

[@PaulyReact]

Lol he sounded like 30 years old man

[@Lorrowen1]

Just wondering why a fella would even discuss his and his wife’s finances with friends

[@danielsueros8166]

Why is anybody asking Dave Ramsey this type of question. There’s something wrong with you if ure asking this question.

[@dougholdem2898]

Unless you have a prenup, your wife owns 1/2 of the $800k and clearly her opinion should out way your friends' opinion. It's bad enough your wife has the ability to tell you the toilet isn't working and now it's your problem. Do you really want to give other people the same ability by renting to them? You might want to consider investing in REIT and hold it within your IRA. With this idea you are diversifying into real estate without the tenant phone calls and not triggering taxes by withdrawing funds out of the IRA.

[@stephanied.3657]

What a stupid question to ask, lol.

[@BigBushFarms]

Does Dave not know what TIPS are?

[@coderider3022]

Wife. Too many people think land lord ping is easy money. Ouch.

[@MsLady-gb3gy]

Get new friends

[@TheDjcarter1966]

Dave as usual doesn't listen. He said I-bonds, Dave doesn't like I-bond but right now but they a perfect right now.

[@marshadrane8778]

God first, then your wife!!

[@anaa03899]

Amen🙏🙏🙏

[@jimmymcgill6778]

God is fake

[@jeromehenry4484]

That wasn't the question.

[@ClaxtonBay123]

God doesn't invest for retirement

[@anaa03899]

@@ClaxtonBay123 no he doesn't but guides you for eternal life

[@jameswoods6900]

Why would anyone listen to friends, your wife is dead on and your friends are wrong!

[@SonGokuSleepTherapy]

neither you're a man make youre own decisions

[@ccorbella1]

He is wrong. TIPS change with inflation.

[@itsdavidlo]

Sounds like a divorce is coming.