I'm About To Be A Millionaire, What Should I Do With The Money?

[@ClarkeGriffiny7]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

[@BellamyGriffin19]

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

[@KarenLavia]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@JohnSmith060]

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

[@KarenLavia]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sophia Maurine Lanting for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@ChristianKelv]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Viva_La_Vargas]

It’s funny how Dave’s accent gets thicccer when a country boy calls in.

[@LordRawnsley]

When and why did it become a thing to spell “thick” as “thicc”?

[@Viva_La_Vargas]

@@LordRawnsley don’t know when, and I don’t know why, but it doesn’t bother me.

[@skeetskeet9371]

@@LordRawnsley since when did a grown man care so much about spelling? What is this kindergarten, mf the spelling savior 😂

[@JoelJoel321]

You take a boy out of the country but you can't take the country out of a boy.

[@midkort]

Yeah. It's totally normal though.

[@jamiehush]

The older I get, the more I realize that the key to success isn't being brilliant, it's just not screwing up too badly. As long as this guy doesn't get fancy and over leverage money on options or crazy real estate loans he's set for life.

[@CanadianPilotYHM]

And compound interest. Set it and forget it and even if its not alot, compounded after 20 or 25 years it's going to be a lot of money.

[@WalkAloneMedia]

Can you explain a “crazy real estate loan”?

[@jml9550]

@@WalkAloneMedia do not be highly leveraged over rental investments. I rode through the 2008 fiasco on my rentals because I put down a healthy 1/3 down payment and the mortgage was equivalent to the value to the home after it went down 20-30% and it was locked in a fixed 15/30 years rate. I was not up side down and during that time rent actually went up since so many people lost their home and they had to find places to live.

[@jamiehush]

@@WalkAloneMedia e.g. no money down balloon loan. AKA exactly what Dave did to make himself broke hahahahaha

[@brianworsley441]

💯 %

[@Bestjudy001]

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

[@Lourd-Bab]

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

[@Bestjudy001]

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

[@Lourd-Bab]

@@Bestjudy001 Oh please I’d love that. Thanks!.

[@Bestjudy001]

@@Lourd-Bab Clementina Abate Russo is her name.

[@Bestjudy001]

Lookup with her name on the webpage.

[@jonathanarras1281]

Nice to see calls like there that we can all relate to in our daily lives.

[@LOUBAT1]

Clear the debt Set aside the tax Leaves $850k Put $250k in mutual funds With the remaining $600k buy two properties @ $300k each. Live in one and let the other. Add all the rental income into the mutual fund. Continue to do your day job and live on the $70k. If you ever lose your job you can live off the rental income until you get back on your feet again.

[@jwlsngold5026]

@@saulgoodman2018 The caller is, yes, but I think the poster you are referring to is in a European country, who used the almighty to searched and found DR's channel.

[@LOUBAT1]

@@saulgoodman2018 Apologies! I’m English - I mean dollars of course, not pounds. I’ve amended it - thanks!

[@jml9550]

Not a bad plan.

[@insure4cheap]

That’s a good plan but you forgot the emergency fund. Probably be best to put $50k in that fund and then have the $200k for the mutual fund along with the other allocations 🤷🏾‍♂️✊🏾

[@AaBbCcDdEeF]

@@saulgoodman2018 euro’s what?

[@BrianaBudgets]

I hope this guy actually saw that money and didn’t get scammed.

[@tugboat2030]

Great point

[@BrandonMinguez]

Glad they're putting him through FPU. He sounds thrilled yet scared, so hopefully he can learn more about managing this money in the coming months.

[@miketheyunggod2534]

My wife's cousin won the Irish Sweepstakes. It was a million less taxes. He bought a $500K home and a new 'vette.

[@robloxvids2233]

So he's an idiot then?

[@jml9550]

Not bad. At least he got a home free and clear. Now the vette is another story.

[@elmateo77]

Yeah, less than ideal but he could definitely have done worse.

[@turnovertheleaf5505]

He should have invested and lived on 50k a year interest.

[@needmorelighteverywayimagi9868]

Poor people think money is for buying stuff wealthy people know that money is only used to create more money

[@banginzaza]

Dave was like damn I wish I caught that deal 😂

[@JerryStevens]

Dave says something here that is important. People think that because real estate prices are high, they are going to come down. I doubt that. They did in 2008 but that was under a completely different set of circumstances. My expectation is that they will stop going up so fast, but they won't crash. As a very smart friend said recently: Houses haven't increased in value, dollars have decreased in value.

[@nonya13]

I wish more people would read your statement. Your comment was a year ago and home prices have not really gone down. To me real estate is like everything else. Once they go up, they very rarely go down (unless as you said, something like 2008 which was different circumstances).

[@Kcducttaper1]

How do you "find land"? Isn't most everything already discovered and, if not owned by private entities, owned by the county/state?

[@davidm.313]

Generally, it means buying farmland (unused fields usually) near an up and coming area, and then building homes on it.

[@alinatamashevich3354]

Sounds sketch to me as well

[@Nswix]

Yeah, I wouldn't count on getting that check until it's clears.

[@chancebrown6015]

Of market land that’s owned by someone he negotiated with someone then sent a investment/ developer the contract and they give him a finders fee 1 million is the most I’ve ever heard for wholesale though

[@sconnell1791]

Make a revocable living trust for the estate plan. With that amount upfront and a lot more growing over the years, have it all in trust and make passage of it more private and efficient.

[@fhuber7507]

SAY NO TO CONDO!!!!! That is paying for the right to pay rent and have someone else tell you what you can't do with your home. Better off buying a house and hiring a gardening service.

[@forgottenmma3694]

Exactly.

[@elmateo77]

Yep, condos are a ripoff.

[@MaxSujyReact]

27? I thought he was 50.

[@janeoleary8454]

Omg. I said the SAME THING

[@BiesingerFIREJourney]

Excellent walkthrough and tips !! Never do anything with money that you don’t fully understand 👍 👍

[@bobaleywine2938]

Hilarious he calls these grown men honey! 😂🤣

[@apophispnw5717]

Dave I just inherited a billion dollars what should I do with it? First you need to sell your car then get on beans and rice, rice and beans - immediately if not sooner.

[@genxx2724]

And you better not see the inside of a restaurant unless you’re working there!

[@davidw2857]

Sell the billion dollars. :)

[@chrisstroh4112]

This guy said he's 27. Sounds like 67

[@doormatt9957]

4real 😂😂

[@nosegem-health]

I like the advice of the younger guy,, spread it in savings through out the years, such emergency funds and life stages, like getting married, you never know what is gonna happen

[@steves186]

Don't wait till next April to pay the taxes. I'd recommend June, as they are due quarterly.

[@CandiceMorton]

Dave literally just said house prices are not gonna go back down😩

[@jordancadwell6549]

Frick

[@jml9550]

It will cool down a little, not dont expect 2008 type of down.

[@Jack_Straw]

Not any kind of long term crash. They may correct a little or stabilize, but long term prices will continue to increase

[@zybard01]

4:23 yes and dave has said this a few times, first time being in 2021 I believe to a guy asking the same question. Dave does not know the future, but I trust he knows real estate history

[@jrwntctv8091]

Any drops are temporary. There is zero chance of a permanent drop in price.

[@bradwilliams4921]

Best wishes to the caller. That would be a nice challenge to face.

[@FreeStatePatriotTt]

Best investment return is to start a business doing what your good at and enjoy that pays a good return.

[@AStanton1966]

If I had to do it all over again, I would like to have tried it.

[@Austinole11]

Finders fee?! No Wade, you see this is my deal here.

[@venuswealth6]

He could invest 60% in S & P 500 index fund and 40% in Nasdaq 100 non-fin index fund. At ~14%, it will double every 5yrs. He will be financially free by 40 with lavish yearly withdrawal amounts.

[@livingunashamed4869]

Pay off the debt, buy 250k home in cash, and invest the rest then retire at 40 :). With no house payment and no longer savings for retirement he should be good.

[@floridaboy7273]

solid advice .

[@jsr1637]

why do people want to retire? Maybe I don’t get it because I’m a workaholic and an entrepreneur.

[@livingunashamed4869]

@@jsr1637 retire as in you can work when you want and do whatever type of work you want. Money is no longer an issue you have options. He could still do some part time work and do whatever else he wants :).

[@Originalman144]

Take a little and have fun as well. Blow $50k on fun and vacation with family.

[@Bigbilly-ms9bn]

@@jsr1637 I like to think humans have more of a purpose than working. Life should be about enjoyment, we only get one, if you enjoy working fine, but most don’t. People enjoy something to do, society has forced us to live the way we do.

[@Viodoxz]

Dave had got to stop telling people that house prices are not coming down. In many areas they are falling right now. Bad blanket advice.

[@zybard01]

4:23 All respect, but I will takes Dave's advice over yours. I hear all the idiots dreaming of home prices crashing like 2008 again so they can buy/invest. Let me know when it happens.

[@amandafoster24]

False

[@jrwntctv8091]

Any drops are temporary. The long term trend is that they will continue to rise permanently.

[@forgottenmma3694]

Yeah, it’s ridiculous. There is clearly a housing bubblez

[@alinatamashevich3354]

Then go buy a dozen or so properties.

[@mgallegos4708]

Do more land deals 💰💰💰

[@pdxmusl1510]

Yeah. I'd agree with some of this advice. Definitely set aside the taxes in some kind of high interest account. Nothing too risky and noting you can't get to when tax season hits. Get advisers. Pay off all your debts. Note that the amounts you have will exceed fdic insurance for regular people. So wherever you park it you need to consider that. I would let as much of it as I can sit in something like a high interest account. Or cd. For like a year. Maybe even 2. And really think about what it is you want. 850k for you is basically half way there to fund your retirement. It's a lot. If I got it. I would put as much as I could in my investments & retirement accounts. And continue working & living as I make my standard income. I don't think I would buy a house with it. You could. But if you put in 15% and even with a conservative 7% average return. You could potentially be able to retire in about 10 years. I personally would probably go 20 years just to make sure. And at part of that. You might earn enough interest to just buy a house then. Or 20 years time. It's a lot of time to save money for your own house later on. Or in 20 years you should have enough invested if you pulled out 500k for a house, it wouldn't be an issue. But that's just me. I don't hate the idea of him buying a house. But to me. I'm thinking about that money as something I would prefer to use in the future. Not right now. 850k is a lot in the context for retirement. But when it comes to buying groceries & houses. 850k is nothing. In my area that buys you a slightly better than average house. Left to my own devices I could burn that entire 850k in one week. To me it has way more value in protecting my future financial needs and goals rather than my immediate needs. I definitely agree that using a small percentage of it to adjust some lifestyle needs absolutely makes sense. Like paying off bills or buying a more reliable car than the one you have within reason. Don't buy a tesla. But it's just my opinion.

[@Useruytrw]

Mature caller 👌🏼👏🏻

[@rentalproperties8598]

I guarantee Paul won't be getting a $million plus commission check. The other party is never going to pay that amount. They will negotiated it down considerably. I hope it really happens for him, but don't spend it before the check clears. If it miraculously happens, don't spend a dime until you get a clear idea from your CPA on the tax burden. You're also going to find that $1M is not as much money as you think.

[@stevenporter863]

Agreed. At his age - even $1.2 million isn't easy street and never have to work another day. If he plays it right it can be a great foundation though.

[@alinatamashevich3354]

1M cash is a lot of money, however the taxes will eat him alive!

[@HaikesXO]

4:06 honey ?? Lol

[@MrMustangrick]

Honey…..must be a dad gum coming soon.

[@Originalman144]

He needs to become a millionaire quickly so he can keep the money.

[@elmateo77]

What? Why wouldn't he be able to keep the money if he's not a millionaire?

[@Originalman144]

@@elmateo77 Mindset. If he doesn’t become a millionaire in mindset and habits he will blow it all.

[@droid2D2C3P0]

@@Originalman144 no lol that's not how it works

[@zachhawkins5005]

Taxes is theft. My god.

[@jl4091]

I wonder if houses will retreat in the west, because of no water.Because of no water,and then power,(Hydroelectric)What a mess.

[@jml9550]

Best of luck on that.

[@andrerodriguez7603]

Hello Dave, why not put some of it in a good dividend ETF?

[@marksweetser6312]

This. I was thinking QYLD, JEPI, DIVO, SCHD. That could be his living expenses. And he could just go fishing all day

[@TheEsperKing1]

I read that too fast and thought you were telling him to buy NFTs 🤣

[@andrerodriguez7603]

@@TheEsperKing1 no, no. Never, lol. I think that’s dead now?

[@TheEsperKing1]

@@andrerodriguez7603 I hope so haha!

[@genxx2724]

No dividend. Why not? Because dividends are taxed as ordinary income, even if they’re reinvested and you don’t touch a dime.

[@bonniej0]

I think the best thing to do also is to put it in a trust.

[@genxx2724]

That begs the question. Put it in a trust and then use it for what?

[@humblebeats3391]

Rental properties seems like a hassle to me...

[@betitos11]

Telling someone to buy a condo over a single family is the worst advice you can give

[@nosegem-health]

Pay your home first :-) hi subscriber here !

[@mikeshaw4610]

Shouldn’t he invest 250-500k in mutual funds. Then in 20+/- years he will be set financially.

[@stkbloc9717]

That’s what I was thinking or dividend stocks/ etf

[@tomlopez7819]

Yes, but perhaps financial gurus are hesitant to recommend this because it would give them very little to talk about.

[@zackjones9490]

ETF or mutual funds? What is better for investing in for 20+ years?

[@standingonmountain3975]

ETF dividents

[@opieutt9038]

Idk, I feel like that money could fall through for some reason, but I hope it didn't.

[@KEP1983]

He should keep renting and invest that money. I used to work for a small business, the owner was a famous artist. He's a billionaire or at least very close to it. He owns Picasso's, Warhol's, and a mansion in Manhattan. Yet he rented until he was in his '60s. After that, he built his own mansion in Manhattan for about 50 million dollars. The point being that even the ultra rich would rather use their money to invest than dump tons of money into their home when the home does not bring in income.

[@atdower]

Sounds like BS. No small business owner is a billionaire.

[@atdower]

Who is he? 91 million is FAR FAR from a billion.

[@KEP1983]

@@atdower 91 is about 10% of a billion, and that's just one work of art. I've been to his house and saw $200 million of artwork in a single room. He owns Picasso's, Salvador Dali's, Warhol's, etc. And that's just his home. He has private armed guards protecting the rest of his art collection in a private, secure location. Just google the sculpture. He's literally the only person to have sold a sculpture for that much. I'm not typing his name here because it will show up at his studio with google alerts.

[@katemiller7874]

So dumb to rent

[@I_like_turtles_67]

Congratulations to this young man. I'm rooting for him to invest some. Purchase a primary home. Maybe a rental or two. AFTER he takes care of his tax burden. Lastly don't get married and or date expensive women. Cause they will help you spend that money FAST. Literally know a guy who was hurt on the job. Got a multi-million dollar settlement. Quit working and spent in all innless than 10 years. To this day. He personally doesn't regret it. But he's obviously a little crazy lol.

[@genxx2724]

First order of business: Don’t tell anyone. They will resent you, ask to borrow, and expect you to bail them out of problems. Don’t tell anyone you date what you have.

[@donaldlyons17]

@@genxx2724 You know people are like that!!! But for real when they have no money and need access to the basics they act like that too. I understand wanting a few hundred each year but they will ask for thousands and expect it. But in the case of a millionaire some of them will want huge amounts. If you had told me this I would not have believed you but I saw that myself when I had only a few thousand.

[@auburnanger6679]

​@ifkanoloshuwaaallah.2341an expensive woman he said

[@P0oDoll]

@ifkanoloshuwaaallah.2341 the person isnt saying not to marry date/at all, they say not to pick a partner spends money like they have access to an infinite moneysource

[@nolimes4u449]

I feel 20-30k is not quite enough for an emergency fund when you own a house...we've had to write checks for some big home repairs.

[@elmateo77]

It depends on the house and area. If you live somewhere with low cost of living and the price of the house is $300k, you're unlikely to have repairs for more than $20k that wouldn't be covered by homeowners insurance. If you're in California and the price of the house is $1.5 million, your repairs are likely to cost a lot more.

[@nolimes4u449]

@@elmateo77 we live in a low cost of living area. Our roof replacement was not covered by insurance.

[@eunicef1]

Where can he get 10% av. per year, Dave?

[@alinatamashevich3354]

Morningstar subscription !

[@Yoyomanmanholla]

Bruh 1mil gross does not warrant hiring a “team” of financial experts 😂😂😂

[@July-qo7jp]

House prices aren't gonna spike enough in the next 5 years to matter to this guy. I say pay your taxes and car loan then put the rest in mutual funds. No need to buy a house immediately keep renting and take advantage of the ridiculously high returns on mutual funds right now 20+ %. In about 3 years just the growth on that $850K will be enough to buy a house and still have enough left over to replace his income if needed.

[@Rashad3000]

VTSAX and Chill!

[@nowthatsurban]

This right here! $6 million by the time he's 62. Though it's also not a terrible idea to pay off the debt, have a little fun (quick vacation or a cool car or something), and purchasing a cheap but decent house before throwing the rest in an index fund.

[@theforeignerinamerica1817]

Don’t stop investing and pretend you have nothing. Help others and travel more

[@hello9945]

I like George

[@mathisnotforthefaintofheart]

He should not get married...ever. And practice some form of stealth wealth to keep scavengers away

[@KidCity1985]

Pay off your debt. House hack a 4 plex., Rental property! Put 35% down and get a mortgage for the rest.

[@ohneMofa007]

Put the money on a dividend strong stock, get paid one a year , you nevertheless to work in your entire life

[@alinatamashevich3354]

Enron? WorldComm? Pick one sven

[@georgevan2606]

If I were him, I would put all of my money into CD or high yield saving account that gives me 4%-5% or 40K-50K a year, which then can be used towards a house and monthly payment. Then, in the meantime, I will go to college to take a class or 2 about personal finance and investing so figure out how to best used my $1M cash.

[@farazshakeri7997]

7:50 lol

[@sheraziqbal9556]

He should go to Vegas and put it on his lucky number 🤣

[@gingerplz1]

I’m a skeptical guy, wish I wasn’t it’s not a good color on me, but I would like to hear if this million dollar deal goes through. If it’s too good to be true, probably is. You also don’t need that much money to carve out your best life.

[@elmateo77]

I've seen similar payouts before, usually involving projects where agricultural land is converted to residential.

[@opieutt9038]

I wrote the same thing, but I hope he got his money. It sounded shady to me though.

[@chuckiedavidson719]

I would pay my tithes, pay my taxes, pay off my debt, buy a home, set aside a healthy emergency fund, and put the rest into a mutual fund and let it grow.

[@Jay-lz6uj]

Don't go on radio show because now all your friends cough cough and relatives will come out of the woodwork. Pay off the debt. Why in the freak anyone would buy a condo just a glorified apartment, to many rules.

[@alinatamashevich3354]

I own and live in one. Mine is on the higher end price wise. But I love the rules and the security. All I am responsible for it what is inside my space. The monthly fee is akin to owning a home, but without all the headaches. When I go out of town for weeks on end I know my home is secure, we have armed security 24/7, in addition to card key doors. and private parking deck again key access only. The only downside is my car gets super dirty sitting in the parking deck.

[@SPY_0-DTE]

Payoff the debt and throw the rest in VTI

[@hlhl2691]

How did he just find land for a developer?

[@jaredflurry937]

That’s what he said. If true, the deal would be absolutely massive to generate a $1.2M finder’s fee at 1-5% of closing price. I find it a bit difficult to believe that a 27yo renter in Mississippi, who has only $50k in savings and little financial education, was able to generate a $20-50M deal. Maybe he’s been doing smaller deals, though, and finally found an amazing opportunity.

[@southside9417]

Help !!! Wich loan is best for disabled people. Want to fix my 1940 paid off old house. I have no downpay right now

[@atdower]

Pay off every bit of debt you have Invest the rest of it in a VTSAX or something similar. Reinvest the dividend. Work until you want to retire. Dont blow it on stupid things.

[@nosegem-health]

Pay home First, in Full ....... - Pay Debt in full if you can ....then

[@ACDC4LIFE]

Let’s Take A Ride To The Casino & Celebrate 🎉

[@drewdelaney4166]

🤣 put it all on red

[@KennTollens]

I just found this here land and made more money that most people make their entire life working in the factory.

[@trent797]

That's the downside of trading your time for money.

[@jml9550]

If you bought the land a while back and it is sought after by developers, they are worth a lot, especially in the Bay Area here.

[@thedopplereffect00]

@@jml9550 you have to pay off a lot of politicians to get it zoned for development

[@jml9550]

@@trent797 sure I get that, that’s why there are attorneys who specialize in transactions like this. At the end of the day, everyone gets a piece of that pie. I am not saying this is right or wrong, it is what it is.

[@aaronmurphy8796]

Happy for him ! Hope he gets some tax advice first before he mentally plans all this out

[@MikeyB_1972]

Better save some money for taxes.

[@rsstnnr76]

He's 27 and sounds like he's going on 57.

[@killamatrix1]

27 sounds 47

[@JohnNagleIV]

Good ol' Uncle Sam slurping 30% because F.U.

[@frankcardano4142]

This is my current predicament albeit a tenth of the amount. Searching What to do with £100k” led me to this channel just weeks ago.

[@superblump87]

That's not a life changing amount. Put it towards retirement investments.

[@frankcardano4142]

@@superblump87 It is to me. Money’s always slipped through my fingers so imagine how I’m feeling finding this channel. Lol.

[@ghostmane2643]

Word of advice stay far away from Dave Ramsey when it comes to investing

[@jml9550]

@@superblump87 exactly. You may want to invest in some safe but low return. He still needs to work and be disciplined. $100K aint that much money.

[@superblump87]

@@frankcardano4142 ok I'll bite, how is it life changing?

[@reesercliff]

beans and rice SELL THE CAR!!

[@susancollins2380]

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

[@robertharvel6482]

Truly Stocks and Mutual funds are the best investment decision you can make both short term and long term for steady money flow.

[@jaynaparker8874]

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

[@craigrussell2045]

Thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's really proficient. I wrote her and I'm waiting on her reply.

[@bobsacamano7653]

I'm a millionaire but I cannot touch the money until I'm 60.

[@alinatamashevich3354]

59.5

[@bobsacamano7653]

@@alinatamashevich3354 Still a long wait.

[@alinatamashevich3354]

@@bobsacamano7653 Yup

[@FXCartel]

Is this when your IRA is allowed to be accessed? We have similar in UK for pensions except its 65 and going up.

[@Nswix]

Tax-free. You can bite the bullet if you've got enough left over to retire on now.

[@marycriaco9055]

Seriously

[@alphasuperior100]

The caller sounds older than 27.

[@michaelfleming40]

Since I'm single and if I ever got a million dollars, I would still purchase a tiny house. I am NOT interested in keeping up with the Jones.

[@raphaelszok8561]

See how fast you can spend it.

[@miketheyunggod2534]

Money has ONE use. To spend. What good is it just sitting somewhere. It might as well be just sheets of paper.

[@Ep1cRainbow]

spend it on what? he has a chance to create generational wealth

[@aigredouxx]

Run You own business

[@RusskiCommieBot]

Congratulations man! The people in Zimbabwe all became billionaires!

[@moneymaker7958]

I enlisted to the Army National Guard at 34 y/old, so I can go back to school for free. If I did it at 34 my kids can do it at 18 y/old. I'm paying for nobody 🤭😎

[@katemiller7874]

Not even your own kids. Sludge

[@nickchkheidze9189]

I live in a country where It's impossible to become a millionaire. Not sure how can I leave since no wealthy country will give me Visa.

[@fauxbro1983]

You're 27. Don't buy a house. There's nothing wrong with renting

[@adamseidel9780]

If you know you’re where you want to be and your career is, go ahead and buy. If you aren’t sure, then definitely wait.

[@I_like_turtles_67]

He could always buy a home and rent it out. Hire a property management company to keep an eye on it.

[@MrJimmy3459]

Housing is the biggest expense people pay per month, best to eliminate that buy buying a house cash. You really can't go wrong...

[@ykciR]

Houses are only going to go up. Might as well get one now at these prices cause eventually he will need one and if he waits he will pay more.

[@jml9550]

@@ykciR yep. At least then he is secured in terms on having his own home free and clear.

[@mazibukomail]

This guy doesn't sound 27.

[@roeweathers]

Dave, u still Hating on bitcoin?

[@janeoleary8454]

He sounds like he's 50

[@coffeecreamer7125]

Dave just screwed him over by telling him to pay full for a condo or home. He should put a down payment and get a mortgage on a home and leverage the money and invest in index funds.

[@phillipmoore6249]

buy tesla....they havent even released there "ford f150 or mustang"

[@JMKING2008]

I have a condo I'm selling. Just saying! Lol.

[@jml9550]

Depends on the location of that condo, in the Bay Area here condos are $1M and up. Just saying

[@muhungamusafiri885]

❤❤❤

[@rory644]

Dave is DELUDED if he thinks house prices aren't gonna drop, but everyone likes to believe him because most people own a home and like to think its true.

[@BetYouHateMeNow]

I have to agree, in business the law is to charge as much as possible but not to forget what the customer is willing and able to buy. With rentals and housing essentially doubling, it just made rentals and housing less affordable to more people than before, but tons of businesses have made it clear they are not going to give raises based on inflation, even though they are charging more for there goods and services. Eventually something is going to have to give.

[@genxx2724]

When interest rates go up, housing prices go down.

[@m.b5777]

Dave was saying in 2006 and 2007 that real estate will not crash. It did crash and took over 10 years to get back to where it was at the peak.

[@untouchable360x]

I thought he was going to say, "I am becoming a millionaire from being a billionaire because my wife is divorcing me. "

[@superblump87]

No you didn't

[@puppyrex1789]

Nope you wrong about the housing

[@Kaspian215]

😎😎😎

[@PkTwothousand]

Bitcoin hasn’t gone to zero

[@hello9945]

Why does a good old boy like Dave sometimes call other men "honey"?

[@Sheryl777]

D W it's a southern thing.

[@hello9945]

@@Sheryl777 Thanks Honey!

[@Sheryl777]

@@hello9945 😂

[@katemiller7874]

Cause 27 is a kid to Dave