The fact that there are people running profitable Turo businesses should tell you something. Turning liability into assets! No business is without risks.
@resumefreak3 жыл бұрын
I rent out my car on Turo. It covers my payments plus more so far. (Payments$420) Most people treat the car fine. I just hope that continues. Turo does take about 30% which sucks. Overall it’s a risk but worth it so far
@Handgun7772 жыл бұрын
@@resumefreak What car is it?
@savagehulk_2 жыл бұрын
I agree 💯 every business or investment is risky but it's worth it
@der0ng Жыл бұрын
Yes, of cos there are succesful Turo businesses. But how many of them are run by college kids still in school with unpaid student loan?
@youtubeuser5102 Жыл бұрын
@@der0ng still possible. maybe not able to scale as big or quickly but still possible
@Jake-Day3 жыл бұрын
Starting an entrepreneurial endeavor is much more important than a college education. Most millionaires are business owners. That's the highest correlation. Not a college degree.
@georgyrogers32813 жыл бұрын
He's currently In dept though for the college degree so he has to get it now, he can't back out. Therefore not a good idea to go into more dept for something that's pretty risky. Idk though just my thoughts
@MoniqueChatman3 жыл бұрын
Well said !
@Handgun7772 жыл бұрын
@@georgyrogers3281 You’re mispelling the word “debt.”
@rcaerunnincirclesaroundeve53442 жыл бұрын
AGREED!!!!!!
@tiffwashington12 жыл бұрын
Agreed. All of my friends that dropped out of college while I stayed to get a dual Masters, all make more money than me!!! However, NOT for long!!! 🙌🏽🙏🏽
@ordinaryday7533 жыл бұрын
This show is definitely not for entrepreneurs.
@amazingafrica69653 жыл бұрын
I definitely agree with you!!!
@Easyfinesse3 жыл бұрын
Yup
@Eric_In_SF3 жыл бұрын
It’s mostly about broke people that are in debt. And I hate that they’re giving such determined advice for something they don’t even know about. They don’t even know what Touro is there already poo-pooing it. These guys are basically just playing characters of them selves at this point
@giovanniperez28193 жыл бұрын
I think they make a good point. If someone’s already established, then yeah cut a check and start a Turo grind. For a college kid with little to no money though, it’s maybe not a good idea.
@B1GJOHNSTUD3 жыл бұрын
@@giovanniperez2819 agreed..he's better off getting a part time at mickey deez..
@yunngkhalifa3 жыл бұрын
Starting a turo business would’ve made him enough money to payoff his college loans...especially if he had a good car fleet! They provide insurance for every little accident💯
@stephenwomack37763 жыл бұрын
its treating me well right now
@upperech3lon3 жыл бұрын
he says pay yourself, but do it in the slowest most inefficient way possible? I don’t get it, starting my Turo business asap.
@yunngkhalifa3 жыл бұрын
@@upperech3lon yessssirrrr
@rolandosantiago80453 жыл бұрын
Turo is cash flowing pretty well right now...
@ninobtc95363 жыл бұрын
Good car fleet . Needs a good commercial insurance. If I are thinking that turo insurance will cover any future damage. Good luck!!
@alexpolicarpo43443 жыл бұрын
This show is dream killer for entrepreneurs.! Remember Dave is old so his advice
@investingsouthflorida11312 жыл бұрын
I know
@mattrow99922 жыл бұрын
Don’t listen to these guys, they have no idea how much money you can make in Turo
@jayp79362 жыл бұрын
Yes! Great mentality to have
@DoPeMaN602 жыл бұрын
As old as his advise
@LeroyGreenGlow2 жыл бұрын
Facts
@ithegeneral1062 жыл бұрын
They say the fattest way to kill a dream is to tell someone about your dream!
@xm3ntal620 Жыл бұрын
Good quote
@romyvasir9249 Жыл бұрын
I wish I knew this 14 years ago. wasted 14 years of my life cus of this.
@johnPxIV Жыл бұрын
I'm learning this. These dudes don't even know what Turo is, what it can do, and the income potential.
@rickygodette2 жыл бұрын
Turo has its own insurance lol. Don’t give advice unless you know the subject
@jjhernandez52443 жыл бұрын
Dave is not for investors. Dave is for yourself. So, if you're a investor Dave is not for you.
@msenecal2 жыл бұрын
True. Dave is a great help to get your head above water. Look elsewhere if you want to be an Olympic swimmer.
@m4nny982 ай бұрын
@@msenecal perfect analogy. Most people do not even know how to swim.
@VincentDesiano2 жыл бұрын
I just started TURO & made $1,800 in the first month... Paying for the loan and then some. Don't agree with this advice.
@nickimarie47332 жыл бұрын
Is it a brand new car ? You think I can use an old car for this ?
@threadoflife2 жыл бұрын
How much additional mileage per year and maintenance costs on your vehicle?
@VincentDesiano2 жыл бұрын
@@nickimarie4733 it was a 2020 Honda Accord. You want something that people know is reliable, easy to drive, good on gas.
@MyBigFatFairytaleWedding2 жыл бұрын
Imagine calling the show in the 90s.... “Hey Dave, my neighbor Jeff wants me to partner with him on his business. It’s starting to get some traction!” Dave: “No. Lol.” “Okay, well, I know you didn’t ask but the business sells books online out of this dude’s garage.” Dave: “Let me tell you about air in your tires” ***20 years later*** “Wow, I really wish I had invested in that darn Amazon company. I’m so glad I didn’t take any risks though. 🙃 Who needs 50 billion dollars anyways.” *Sigh
@classicvlogs7910 Жыл бұрын
Yeah that’s exactly the same as buying a used car to make $33 a day on turo
@johnPxIV Жыл бұрын
@@classicvlogs7910 the right cars that are priced right rent for 22+ days a month.
@fleebertreatise10635 ай бұрын
Yeah, that one guy selling books online, as opposed to those other 50,000 people selling books online that went nowhere
@mrdavidashley68923 жыл бұрын
It's fascinating knowing what Toro has done for a lot of people, but then listening to them talk about it, watching their body language, watching the guy on the left try to agree with everything that they Ramsey saying, just so they can get through this segment. If you are an entrepreneur, you have to take chances. As long as you're doing your due diligence research wise, you should be okay but these guys aren't here to answer that specific question.
@jdgolden80822 жыл бұрын
It's pretty sad. Pay all this money for an education and not try to find a side hustle to make money. You got to shoot your shot or you will never know!
@amieerothrock183911 ай бұрын
Worst experience ever. Their so called customer service if you rent your cars is non existent. I have 2 cars rented now and I may have to report them stolen and they don't care. Run!
@TortoiseCashFlow7 ай бұрын
They just have a script they follow for every advice. Have any debt? Do not pursue anything except clearing that debt. It's rediculous.
@dr.boring702225 күн бұрын
@@amieerothrock1839 It's been 10 months, have the cars been found? Have you called the police?
@BULLETP8083 жыл бұрын
This show is not for entrepreneur you all have to know that. Dave preaches baby steps for household making 50k a year to "retire" rich.
@montavio3 жыл бұрын
Dave preaches a good J.O.B. Journey of the broke
@samjordan88003 жыл бұрын
First time I heard it as a journey, LOL! I always thought it was. Just. Over. Broke. In either case, it sucks to be there!
@LeroyGreenGlow2 жыл бұрын
Exactly
@SenorJuan20232 жыл бұрын
Dave's advice is only good for debt reduction, NOT business or real estate.
@mightyhealthy8227 Жыл бұрын
Yup.... he's extreme but i like this advice..i take the good and filter out the bad. He def helped me create my healthy mindset when it comes to money but you can borrow a bit when it comes to business. You have to be logical
@djohnson-ku4cl Жыл бұрын
Well that’s because he did entrepreneurship and knew many others who did and says for the majority of people who get excited it’s almost always a bad idea.
@SenorJuan2023 Жыл бұрын
@@djohnson-ku4cl Simply because most people don't realize you will probably fail a few times first and it's a long term process.
@djohnson-ku4cl Жыл бұрын
@@SenorJuan2023 Of course! Dave does have well founded reasons for his perspective that was all I was intending to say. He was a real estate person. Your point is very valid! Personally, I'm entrepreneur and have done very well. I'm also a fan of Kiyosaki who emphasizes real estate, although real estate is not my thing, I like the mindset. And Mike Michaelowitz who is a fan of Dave Ramsey has some good books on entrepreneurship which are consistent with Dave's models. Mike shows you can use these models to make your business more successful and I have had great success with it and so have many followers of Mike. Anyway, you're absolutely right!
@traeberkeley39023 жыл бұрын
Dave's tire air business isn't that bad of an idea. He would've made money on "inflation"? Right? 🤣🤣🤣 lol
@mmcgahn59483 жыл бұрын
Funny
@rasheedadeoye702 жыл бұрын
🤦🏾😂😂😂😂
@wynetter30832 жыл бұрын
Im so glad I read these comments im looking into getting into Turo and they almost killed that dream for me
@SweetEssie Жыл бұрын
Did you end up doing it? How is it going?
@ominous450 Жыл бұрын
Any updates?
@ceoneo72793 жыл бұрын
How did I land on this dream killing page? 😂
@quirozj313 жыл бұрын
🤣🤣🤣
@deborahblessed85413 жыл бұрын
😂😂😂😂
@youngnick18002 жыл бұрын
😂😂😂
@adrianasimmons1033 Жыл бұрын
😂😂😂
@jamesrobinson20173 жыл бұрын
Turo is a GREAT calculated risk.
@JJ-le5fe3 жыл бұрын
Not true. It used to be. After their changes not any longer.
@MrOPM-vc6ow3 жыл бұрын
What changes?
@MrOPM-vc6ow3 жыл бұрын
@JamesLee
@youngrenzel13233 жыл бұрын
Here for when @JamesLee replies
@rasheedadeoye702 жыл бұрын
@youngrenzel 😂😂😂
@livedaringly79152 жыл бұрын
Dave’s show applies to personal finance, not for business. If you’re going into business as an entrepreneur, this advice doesn’t count for the business or entrepreneur part of your life. I do think he’s right about personal finances though. Stay out of personal debt, but go into debt on your business ventures- you can’t do business without debt- even Ramsey has to have debt involved in business
@MarikaTheEmpress2 жыл бұрын
Agree 100%
@justinhc1232 жыл бұрын
You do not HAVE TO HAVE debt for your business. My small and super profitable business doesn’t. Dave Ramsey’s huge and profitable business does everything with cash. Who told you that?
@Staymadcompa2 жыл бұрын
Dave is a “Get Out Of Debt” Coach NOT A “Build Business & Get Wealthy /Rich” Coach. Let it sink in! If you’re in debt… listen to Ramsey. If you have a solid financial base listen to Bigger Pockets, Other Rental Businesses or Manufacturing business owners etc … We are here for the long run not instant gratification.
@MarkSmithhhh2 жыл бұрын
Exactly
@ambersodyssey2 жыл бұрын
Yep!
@jason41a3 жыл бұрын
Caller: should i buy the car? Dave: sell the car. Caller: but.. i haven't even bought it yet. Dave: sell the car!
@e_rock_31493 жыл бұрын
Short sell cars!
@bizomemez35573 жыл бұрын
😂
@bamnmoneta63792 жыл бұрын
@@e_rock_3149 😂😂
@annieruok5052 жыл бұрын
Wow glad I didn’t come across this page before I started my Turo business lol I wouldn’t have listened anyway😂 I have made so much money on this business model, sorry Dave but your advice is dated entrepreneurs do your own due diligence
@DonnealOffical2 жыл бұрын
What car do you have listed and how much do you charge daily ? I'm looking into listing mine I got an Audi A4
@wynetter30832 жыл бұрын
Are they right about the insurance going up is someone crashes your car???
@jodavi2 жыл бұрын
He could of rented a car/cars and went to school at the same time… nothing like gaining experience and education at the same time!! Shouldn’t take advice from ppl who haven’t done what you want to do!!
@davidmartinez37233 жыл бұрын
Do it!!!!!! Turo is hot right now, best choice I made🙂
@stephenwomack37763 жыл бұрын
Turo will get nuts here really quickly! come check out how its treating me.
@gracea.24453 жыл бұрын
preach
@kadeemnunes30133 жыл бұрын
What kind of car do you have listed on turo?
@PowAccidents3 жыл бұрын
@@kadeemnunes3013 I list my Tesla and I make bank
@Sk8tieTv3 жыл бұрын
@@PowAccidents how you got your Tesla ? What website & how much you spent on it & did you buy it or fiancé it ?
@rickygodette2 жыл бұрын
Why would you ask someone who doesn’t do Turo about Turo? Also why would he respond about a service about that he doesn’t know about? Insanity
@codeitraw52413 жыл бұрын
Rent out your current car and just drive cheap cars or travel with trains or buses. Once that’s paid off, get a new car and do that over and over again. Pretty soon you would’ve owned a fleet of rental business of your own.
@folembelieve97812 жыл бұрын
But where do you park your cars I live in New York
@RudeBoiiSnapz2 жыл бұрын
@@folembelieve9781 move somewhere else bud
@folembelieve97812 жыл бұрын
@@RudeBoiiSnapz why
@desireeangelicmelodies87092 жыл бұрын
😂😂
@abnormal_deformables57073 жыл бұрын
Man this guy is literally out telling people how to get a job, go to school avoid debt and avoid fun
@grocerysmart3 жыл бұрын
Pay cash yes, but a turo car is a business. If you pay cash and it gets totaled your cash is gone. If you finance it, and it gets totaled the loan gets satisfied.
@jamersonsavant89543 жыл бұрын
Your cash is not gone if you have good insurance.
@BPoweredLove3 жыл бұрын
Why would your cash be gone if it gets totaled? You and 24 other people liking your comment don't understand how it works. "Total" means the insurance company considers it a total loss not worth repair and thus pays the owner the fair value of the car. This is irrespective of whether your financed the car (owe a note) or it's paid for in full.
@Sophia-cy5pm2 жыл бұрын
My car was totaled and insurance gave me money for what the going rate was for that same make,model, mileage car. People have insurance for a reason….
@Boomsz1232 жыл бұрын
Gap insurance ftw
@desireeangelicmelodies87092 жыл бұрын
This is not true depending on what insurance you have. Lol I work on total loss claims all day. People who own vehicles do get cash back where as if you have a loan and it doesn’t get satisfied fully you still owe and your worse off unless you have GAP!
@sammysmith5733 жыл бұрын
People still looking for advice from Dave!? 😑🤣🤣
@hnorberto5 ай бұрын
Dave is a market and business genius. I can totally see Dave saying I started selling air believe it or not.I thought it’d make me rich while other people said it was a dumb idea. And God protected me from those people and kept me going that route. Now today I own service stations and gas stations all over the country; and guess what they all have…. A machine that sells air. Until the day having air in your car tires goes out of fashion, I’ll be making money of those machines. And get this, the first machine I ever bought; still makes me money to this day. It ought selling air would make me rich and it freaking did. Why is Dave so adamant stopping people from innovating, and thinking outside the box.
@JD-lb8np Жыл бұрын
What if you buy a 5-7k car in cash that meets turo requirements, then rent it out on turo?
@caseyswann13893 жыл бұрын
Dave will always say no when it’s debt. Debt creates wealth
@saraioyervides2 жыл бұрын
Yessir! Put yourself in good debt not bad debt.
@4ReelTho3 жыл бұрын
These guys are soooo uneducated on today's opportunities. Student debt is the worst thing to accumulate 😂
@carworld10892 жыл бұрын
Agreed 💯
@Easyfinesse3 жыл бұрын
This show isn’t for the risk takers
@BPoweredLove3 жыл бұрын
Guys, tell me if I have this right. So bc Dave also had an idea while he was in college that he re-thought before pulling the trigger and today believes that was a good idea, then anybody in college who has a side business idea would also be making a mistake? Without hearing the numbers? Without any consideration that borrowing money can, if done correctly, be _leverage_ to create the capital needed? They didn't even ask the kid if and what the numbers were. All Dave kept talking about is "eye on the ball". Sheesh...
@eliot52202 жыл бұрын
Right I agree, the answer is in the numbers. So far I’m looking at Turo but the numbers don’t look good for me. Only because I can do other things that pay better. But imagine if they told Zuckerberg to focus on finishing school.
@jay3boogie7282 жыл бұрын
I’m hearing people say Dave is not for entrepreneurs and I disagree. In the video it is clear they are saying pay off your loans and invest in yourself first. He’s saying don’t do it yet.
@laconcry2 жыл бұрын
Turo would’ve helped him payoff his loan. Easily
@edventures98842 жыл бұрын
Starting turo for him in college would’ve been perfect since his parents are paying half of his schooling.. yes he has student loans but this car could’ve made him and extra $5-$20k/year who knows.. depends on where he lives and yeah the car can be wrecked but cars are insured when you rent them out on the Turo platform.. missed opportunity and it seems like if he didn’t do it this business would be stuck in his mind till the day he actually goes trough with it and try’s it on his own . I really hope he didn’t take their advice
@johnPxIV Жыл бұрын
Exactly. This kid could get a real world education on how to become a millionaire.... or at least make a lot of money while being able to study.
@waitaminute2015 Жыл бұрын
It's more the wear and tear of the car. Conventional rentals don't last too long. He might quicken the death of the car for little profit and then need a new car again.
@elirez84182 жыл бұрын
Zack, I hope you didn't listen to these guys. I'm sure they have good advice in other areas, but not this time. Zack, go for it.
@-_______________________.___2 жыл бұрын
5:04 Look at the diecast "Dollar" car in the background. Of course her is against Turo. Turo is Dollar, Thrifty, Hertz, and enterprise's biggest competitor.
@jetskill992 жыл бұрын
Wow
@kendavis9218 Жыл бұрын
When you’re looking to do anything, JUST DO IT! Stop listening to people who’s life does not mirror yours.
@justcuzitsepic5874Ай бұрын
The advice is to be reasonable with portfolio management. When you have a loan of 5k and more already in the picture with school being not finished yet, you'd need Time and money to manage that other activity.
@Ewalk.2132 жыл бұрын
But if he said "I'm gonna get a full time job to pay for college" would that not "take his eye off the prize" ?? Dave would have LOVED that idea, just don't start a business you have to invest in 🤦🏾♂️ Love you Dave but I just can't get with SOME of your beliefs
@investingsouthflorida11312 жыл бұрын
Just bought a van for Turo today
@iwasthere19613 жыл бұрын
Turo renters destroyed my car and guess what no one wanted to pay for the damage.
@justshady3 жыл бұрын
@@saulgoodman2018 Not mechanic damage
@Argedis3 жыл бұрын
Do you mind sharing what exactly happened?
@Argedis3 жыл бұрын
@@saulgoodman2018 They don't cover mechanical damage. If the renter abused the car and blew up the engine or transmission Turo won't pay for it. Only when there is a wreck and a police report.
@nczioox11163 жыл бұрын
@@saulgoodman2018 ita gets abused constantly everytime which adds up quick. Its not a one time event
@nczioox11163 жыл бұрын
@@saulgoodman2018 thats just being realistic. And they cover repairs for collisions, not maintenance
@robmas22222 жыл бұрын
Listen to these guys and stay broke...LOL
@Tenacitae3 жыл бұрын
This kid doesn’t even realize Turo’s not even legal in NYC.
@Tenacitae3 жыл бұрын
@@NevyZine you need jersey license to get jersey plates
@97I30T3 жыл бұрын
@@Tenacitae Perhaps his parents live in New Jersey and since he's still technically a dependent to his parents he also has residency in New Jersey. When I left for college I kept my residency in my home state.
@stephenwomack37763 жыл бұрын
Ha 100% but for the rest of the states its Fire right now
@googledroid98483 жыл бұрын
JurrZee
@DJ112133 жыл бұрын
😨😭😭😭😭😭 and here I am thinking of starting Turo in nyc. I really need to leave this city
@MR3DDev3 жыл бұрын
Is not a great idea. Turo is not like Airbnb, you will have to disclose you are using your car for business and your insurance will go through the roof, not to mention repairs.
@JiisTube3 жыл бұрын
No, your personal insurance is separate. Turo has its own collision/comprehensive/fire/theft policy for your car that you pay for automatically out of your rental income. It's a very high value policy and they pay very quickly with great service. If they didn't have a good policy they'd be out of business already. As for maintenance and repairs, yup, that comes with the territory of renting something.
@BobbyG3.143 жыл бұрын
@@JiisTube I’ve heard the opposite, that they deny claims for silly or frivolous reason
@robertheadley34832 жыл бұрын
Also real estate appreciates while cars depreciate. Location seems to be the biggest factor in whether this is successful as well. I've looked at some of these and the prices are so low that its seemingly not even covering the depreciation that is likely being done to the car.
@inclusivelove51652 жыл бұрын
These guys are like my cousins. The years I listen to them I was a nobody. Now I live in another country for 20 years far far away from them. I am much much better this way.
@ngahnkarakwi4799Ай бұрын
If you’re not sure about the business don’t advise about it or act as if you have all the answers all the time . That’s not a bad business for him . Turo covers the car when the client wrecks it , he gets a car and never has to pay for it, what ever extra is he’s to keep .. and a good way for him to learn entrepreneurial skills . There’s no easy business out there
@mrweddingspeech1515 ай бұрын
I did my hard research just recently and for most areas it is not really profitable. What is happening is that there is so much competition - the smaller fleets and owners of one or two cars are lowering their price/day just to GET BY and pay their loan and other expenses. They do not care about profit at this time. So there is a price war to the downside. This in turn is causing the larger fleets to do the same... in fact, a lot of mid-large fleet owners are SELLING their fleet to bring in income and to get out of the business!! According to the numbers of my local area - owners of 6 - 9 vehicles are only doing about $80 per month/vehicle @ average of 4 days rented ... to $118 / month / vehicle @ average of 6 days rented on the lower end. On the higher end; $509/month per vehicle @ avg of 4 days rented ... to $763/month per vehicle @ avg of 6 days rented. Remember, those are GROSS figures not NET - you still need to include cost of maintenance, gas, cleaning, repairs, insurance, parking, etc., which is about 67.5% of GROSS. Now, do the math...
@jetskill99 Жыл бұрын
The dollar rent a car ad in the background
@tradinglikeamillionaire43122 жыл бұрын
Dave is making millions off of entrepreneurial coaching, books, and advice lol…. But his advice to entrepreneurs is not to motivating lol
@dalyo963 жыл бұрын
The abuse rental cars get and the upkeep would be a nightmare
@JJ-le5fe3 жыл бұрын
It aboslutely is
@KayGee_yt2 жыл бұрын
Okaaayyyyy.......What if you don't have loans? (Also, maybe I'm reaching but it seems a little silly to keep waiting to try to make money. "finish school first, get out of debt first, save 10k first, max your 401k first, buy a house in cash for your family first" when does it end?)
@AjSimmonsOnline2 жыл бұрын
💯 no you're not reaching you're right. Get the bag first and worry about all that later
@haywoodbookings2 жыл бұрын
No risk, no reward
@CaseyBurnsInvesting3 жыл бұрын
People make good money running a business on Turo but it’s risky to take out debt to start a business.
@thescoobmeisterm2 жыл бұрын
Such bad advice. The only thing they said that was right was buy cash cars. But that’s if you can. I have built a successful fleet starting with a 2016 used car on a loan. Now I take the extra money to buy cash cars.
@bradleybrown24173 жыл бұрын
In the early 90's I wanted to invest in payphones.😁 Look at how that would've worked out.
@dearickslife12572 жыл бұрын
😂😂😂😂
@desireeangelicmelodies87092 жыл бұрын
Lmbo
@yllegacytv65932 жыл бұрын
There would be no America without entrepreneurship!
@tomtensecretlanguage92733 жыл бұрын
AON like all these other "personalities" bring nothing to the table, they just mumble Dave's teachings. Dave is trying to leave a legacy for his kids but the Ramsey show will die without Dave. Dave is the JUICE!
@alaskanawesomeness90172 жыл бұрын
This is so stupid. If he can make money with it he can them put it towards school. I can't stand these guys.
@lunargoddess20024 ай бұрын
I feel like Dave knows zero about Turo. Turo covers accidents and there are insurance companies that do cover peer to peer vehicles.
@gerardopliego-financevideo82143 жыл бұрын
If done right it can be profitable, i know someone who makes a living doing this in the Bay Area .
@tweedle6343 жыл бұрын
same here just not in the Bay Area. He had about 100k in start up capital. He bought 10 2-3 year old toyota corollas. Now he's into luxury cars. Pretty good gig.
@blackworldtraveler37113 жыл бұрын
Seem worse than a full time job.
@stephenwomack37763 жыл бұрын
Very possible to have a good side gig with this
@Don4L_3 жыл бұрын
@@blackworldtraveler3711 how so
@deepsoul32563 ай бұрын
The car pays for itself! Trust me!
@RJRussoVids3 жыл бұрын
Peer-to-peer car rental. What could possibly go wrong? 😂
@AR-me9jy3 жыл бұрын
Good one hahhahaha
@AR-me9jy3 жыл бұрын
And I have 17 Bugatti’s on there for rent at 17 bucks a day
@mansajoka53902 жыл бұрын
Honestly once he starts a fleet of cars I’d say forget college I mean their argument is finish school but yea that’s tile he’s losing
@sarahanderson69132 жыл бұрын
Location matters A TON when it comes to rental businesses.
@LetsTalkPersonalFinance3 жыл бұрын
Dave is obviously going to say no
@SenorJuan20232 жыл бұрын
WRONG, like I knew they would be. The student is NOT buying a car for personal use, but to CASH FLOW.
@izzyp87843 жыл бұрын
There are bad stories about this program with people destroying the cars, pets, smoking and drinking. People do not take care of other peoples things. It’s an expense you have to consider with having to detail the car after every use.
@JasonFlorida2 жыл бұрын
Very good advice... much better than just beans and rice. Hahaha
@BLACKOUT5922 ай бұрын
We get it’s a mistake when you have college loans but what about shining light on situations where you don’t have college debt and are looking into the Turo business
@mannamedbanjo2 жыл бұрын
I think the main issue is that the car needs to be bought in cash.
@TortoiseCashFlow7 ай бұрын
If your calling dave ramsey asking if you should start a business then no you should not lol.
@dangelowilson24752 жыл бұрын
Not what Rich Dad would say.
@diazalex5314 Жыл бұрын
Financing it with student loan is the worst decision. Any other type of debt should be fine if you did the number.
@CarburetedKilos2 жыл бұрын
This was not about Turo at all. Don’t waste your time if you’re interested in researching Turo.
@lunargoddess20024 ай бұрын
I think he should look at risk versus benefit. You will make money. Plenty of people finance low cost cars and pay them off Quickly. It’s passive income.
@Sheready2306 ай бұрын
If you never take a step in your future you will regret it. Step out on faith brother. You never know. Like Nike say “just do it”
@joshuajack2162 жыл бұрын
Bad advice. I have two cars on Turo, they pay for themselves and pay our personal car + more cash every month. Follow Rich Dad and use OPM to cash flow.
@antareschen44512 жыл бұрын
How are those people qualified themselves as financial advisors?
@serenawood69916 ай бұрын
This doesn't make a lot of sense to me. As long as it cashflows more than ALL the expenses, than it makes sense. The more cars the better! 😅
@christopherthoni1872 жыл бұрын
if i already have a car? and just working to pay it off? would it be a good idea to rent it out.
@rickygodette2 жыл бұрын
This is the same guy that said a car warranty was bad. He obviously doesn’t own a Range Rover lol
@rodjilius Жыл бұрын
I'm looking into buying a 2nd car for Turo as we speak lol
@poker_18rs925 ай бұрын
What about when the person that rent your car gets into an accident? Because that’s going to happen at some point.
@Overland__AI2 жыл бұрын
This is such bad advice! He could “cash flow” his college experience with a Turo business! Better Dave-friendly advice would be buy cash for a car and get the money from that. Reinvest in another car. Build a fleet that CAN PAY FOR COLLEGE!!!
@ChinoEEE2 жыл бұрын
They literally just killed this mans ambition
@peerlincinc.19513 жыл бұрын
they are so not knowledgeable on this topic, just stop.
@projectdan33692 ай бұрын
Tell me how I was putting air in my tire as Dave literally said about the air machine 😳😳😳
@craigt20034 ай бұрын
Dave calling Turo "some stupid app" without even knowing anything about it. That should be a green flag for anyone interested in doing this to go full speed ahead (do the opposite of what dave says and you'll be successful most of the time)
@freddykrueger87593 жыл бұрын
Find out what cars are hot and get a used car and put it on turo...worst case scenario the car will pay its self off🍎🇺🇸❤🇸🇦🇮🇱🇮🇶🇮🇳
@jykirachanelle25993 жыл бұрын
how?
@BPoweredLove3 жыл бұрын
@@jykirachanelle2599 How? Because you generate rental income by renting it out which should more than offset your expenses. Not to be rude, but the answer is so obvious that I assume you didn't really mean to ask "how" so what are you really asking?
@BlackRoseFamily Жыл бұрын
ALSO: Some horror CONS include: 1.) Guest treat your car like trash 2.) they let random ppl drive it (no insurance will cover if they are not the renter) 3.) Personal insurance will not cover if the car is damaged lost or stolen 4.) Turo will not give you a rental car during repairs unless you gave turo 40% of your profits (60% plan) 5.) You forfeit the right to sue the guest if you agree to Turo terms of service. Think twice before using turo!!! They are a horrible platform, back to normal rental or just google a rental car place…
@ajtolliver46002 жыл бұрын
I rent a car on turo and have made great money.
@neilopfer56873 жыл бұрын
With Turo you are competing with numerous individuals out there who are renting out their cars below cost if one looks at all costs (depreciation, insurance, maintenance, etc.). As noted below, many renters do not treat cars very well at all. The large rental-car firms can amortize bad renters over a large number of rentals. You cannot. But best tip was from this Show in that the best investment you can make is in yourself with your education. That is, of course, if the education will get you into a better-paying job. Many, many firms want to hire college graduates because they are simply better rounded than non-college educated individuals on average.
@thebigmanshow31453 жыл бұрын
Got my new apartment 🏠 after making so much deals with Megestaypaid on Te!egram thank you sir
@97I30T3 жыл бұрын
More than anything a college degree shows employers that you have discipline, time management skills, and can set long term goals and reach them. That is one reason why people who have college degrees are typically more desirable to most employers.
@neilopfer56873 жыл бұрын
@@97I30T Definitely agree!!
@viktrancestudio63982 ай бұрын
calling the wrong person
@sportsbettingeducation3 жыл бұрын
This might be the worst advice I’ve ever heard.
@montavio3 жыл бұрын
They have 0$ insurance deductible you get 60% of the daily rate
@ledeves51603 жыл бұрын
70% *
@SupremeChief13 жыл бұрын
I think u get 70% and if you have more trips and reviews with close to a 5 star. Then you get 85% lol which is not bad
@charliethomas32143 жыл бұрын
I want to do Turo don’t know how, ig me Cjcsws
@montavio3 жыл бұрын
@@ledeves5160 no its 60% not 70% if you want a 0 deductible
@montavio3 жыл бұрын
@@SupremeChief1 you can pick your percentage I choose 60% because it offers the most protection in the event of an accident with $0 deductible
@hammerzonemedia78292 жыл бұрын
🤦🏻♂️ probably will never watch this show again.
@4ReelTho3 жыл бұрын
This is misleading content 😂
@makoa143ify3 жыл бұрын
Depends on your location. If you are in Hawaii, yes!!! 😁
@Platelunchexpress3 жыл бұрын
I’m In Hawaii and then starting to get slow
@makoa143ify3 жыл бұрын
@@Platelunchexpress Ive been busy.
@Platelunchexpress3 жыл бұрын
@@makoa143ify me to, but no bookings after September, I’m on Oahu
@makoa143ify3 жыл бұрын
@@Platelunchexpress oh wow, I got bookings all the way till December.