Quit Trying To Calculate Your Way out of Debt! | May 20, 2024

[@moneywithjustliving5258]

Baby step 2 here, knocking it out year after year. $28,461 this year so far paid off.

[@emilevanwieren3393]

Awesome! Proud of ya!

[@paytonbarnett8641]

Holy sh**!! Good job!

[@lauressebinghay1602]

Im new to watching here. Just wondering where can I find out more about the baby steps as I dont know what they are

[@JillRuckman]

​@lauressebinghay1602 if you can afford it, take Financial Peace University.

[@mlmichel98]

Nice!

[@tylertoten6818]

every time i hear the "were debt free" scream something comes over me i can't explain! I can't wait to say it one day.

[@lilianasaba9846]

Just remain focused

[@vickiesmith5658]

Baby steps 👏💗

[@Eleanor-kv9bd]

I get emotional. I’ll cry when I say those words.

[@flashthecorgi2053]

It’s always a FANTASTIC show when Dr. John and Dave are together! Wishing all the callers peace! ❤

[@super1234567891011]

I agree!!

[@doonie5396]

One big problem is our belief that we all start with nothing and have to make it on our own. I support one generation helping the next...

[@motoryzen]

I agree to reasonable extent. Helping is one thing enabling and doing for when the person can do for himself or herself is another. There is a fine reasonable balance between babying someone spoon-feeding someone when that person is capable of feeding himself or herself, versus just telling handing a freaking Hammer to a kid and say build a house

[@tmusa2002]

I worked at a university in the IT department until I earned my masters. It didn’t pay that well, but I didn’t pay for one nickel of my masters. I left after three years.

[@TulsaDude]

Same, I worked for professors by transcribing interviews and sorting different things. Paid for 3/4 of my masters. I only had to work about 20 hours per week, max.

[@AlemaSedlacek]

My mom came here from Bosnia 🇧🇦 worked 25 years straight from 8$ to 14$ got house paid off living like a queen now 6 kids all of us have great jobs ! Yes she never had a credit card in her life just cash and debit card. So yes you can live your life America dreams but you will be broke all your life ppl needs to live their lives and own dreams.

[@aminariz5707]

I wish I knew about Dave Ramsey before I’ve made dumb decisions… Now I must clean it all up)

[@aliciaimilian]

Is not late for us! Let’s use cash and dump debt 💵

[@amy2284]

I knew and still made mistakes- but never again ! b7

[@kimmietooshoes]

Bring back Debt is dumb and cash is king!

[@chief5981]

Can’t believe they picked Food at Home for their merch over Debt is Dumb Cash is King. Well, I can’t believe they thought merch was a good idea either.

[@janemuir3546]

John I can so relate to you and your friend that cheered you on when he was losing his job. We paid off our home when a friend was struggling in her business because of covid and loss of events (Feb 2021). She HUGGED our home (an interior pillar) when I said "hey my the grass does feel better." And I was going to baby showers when we were not having babies and adoption wasn't working. Celebrating your friends and what God has done in and through them has to happen 24/7.

[@journeyingthroughthelife]

11:01 Dave, please consider selling beans and rice - with your trade name. I am not kidding.

[@cjmclaughlin2393]

I’m 16 and I’m listening to every word he can say, I watch the show all the time, and when my girlfriend and I go out on our own, there will be plenty of beans and rice for us both. We’d definitely buy his brand

[@Ferrero123]

Hilarious 😂

[@LindseyHarvell-vc4ez]

Yes!!! A collaboration with Conservative Goya!!!

[@annfarrior3197]

I seriously would buy them!!!

[@theclothingcottage]

I honestly don't see a problem with living in your mom's house if you are significantly contributing to the bills. If the mom is alone especially.

[@myoldvhstapes]

I agree. In most other cultures, a three-generation household is considered healthy and functional.

[@ThePolypam]

So many societal ills could be lessened if multigenerational housing wasn't stigmatized. This is a distinctly American culture attitude and it doesn't make a lot of sense

[@itsallperfectlynormal9805]

Thank you! I asked my daughter to move back in. It saves us both, in different ways. She handles yard care, snow removal, cleans the house and does most of the laundry. I help care for the baby and get their company. I get to teach her more cooking and budgeting skills she wasn't open to before, but is now. I would never want my daughter struggling to afford a crap apartment for someone else's financial benefit, while a stranger raises my granddaughter in "daycare" and I'm alone in this house. That's crazy talk. The real winner here is the baby who is so well loved and cared for 🥰

[@Walkers24]

It’s a marketing paradigm to sell more houses! 😂

[@joesmith3590]

most other cultures are poor and have no choice. Americans should not be copying places that do much worse then them.

[@katiesnow396]

The hardest part for me with getting out of debt is patience. It’s simple, they are baby steps… but it just takes time and I hate how long it takes! Or maybe I’m just a very impatient person when it comes to money. 😂

[@carolannes173]

I love your We have food at home. Thank you for your content!

[@tylertoten6818]

I WANT THAT PEACE YOU SPEAK OF DAVE!!!

[@countrysister700]

The Prince of Dave's Peace is Jesus. Just call His name and He's there. 🙏

[@missvipchicago]

Yes please! ☺️ beans and rice T-shirt would be amazing

[@Joce123]

I guess my shirt will say "Rice/Beans" vs "" Beans and Rice."

[@curvygirlzrock8836]

Congratulations Dave , on your leadership event… You inspire me every time I listen to you… 💥

[@UncleDavesKitchen]

My renters did pay my properties off. It worked for me. I only rented to retired professionals. If you don't put up a 'for rent' sign you can pick and choose your tenants.

[@rchi3906]

Dave Ramsey , a Christian , drives a Raptor , carries a .45 everywhere and worth a 1/2 Billion dollars , that’s cool in my book , if that’s a nerd call me a wannabe Nerd

[@sarahburggraf907]

Never heard any of the debt free screamers give glory to God. . . ❤ refreshing😊

[@motoryzen]

While I will say that probably around 65% of debt-free screamers on the Ramsey Show throughout the decades have not mentioned God or religion involved in any form of Praise or gratefulness, you must be new here because there have been a pretty good bit who have

[@josephbishop1418]

P97p o p6p 64.11 4😮p😮so po😮😮😮py😮p😮😮p🎉p😮😮p6p😮⁶985-2 p😮p⁸per 3😂

[@starrystarrynight6281]

AMEN!

[@williamehlers5158]

Yeah, definitely have heard it before.

[@sharoncounce8907]

I have

[@republicunited2183]

Penny, most relationships drag you down. You have time on your hands to make yourself successful.

[@HunterOtts]

It took me forever to think about where I had seen John Delony before then I remembered! He was on Mind Pump! That was an awesome episode!

[@katmata5036]

I’d love to see a T-shirt that says “My Stupid had ZeeRows in it!”

[@MoGood2158]

12:25 I like that idea! Double the tip!!!! Yes, bring it back!

[@countrysister700]

Pay off that house - it IS Step #1 in retirement prep.

[@timknin]

You need to make a Plain T-shirt that says "The Ramsey Show"!!!

[@hockeyislife67]

Staying with parents is the standard in so many countries regardless of the financial situation. I don’t get the American culture. The benefits are economical (save on housing cost, day care costs) and it also helps build family values allowing your kids to grow up around their grandparents, there is less overall consumption of resources so it’s better for the planet, along with less waste. 3 generational homes are what can get people out of the constant middle class to actually building wealth and financial peace. My wife and I own two properties worth excess of $1million total and gladly rent them out to stay in a generational home. It saves us money on rent, provided free child care with someone we actually trust, gives us more flexibility as well so we end up getting more time with our kid (no need to travel to and from daycare constantly). It also provides a larger space for our child to grow up in (where I live a reasonable size house 3 bedroom two story cost excess of $1.5 million which isn’t exactly attainable), and allows us to have a much shorter commute to work.

[@TulsaDude]

It's definitely not a black and white issue though. I agree with you on many of the financial points. But some Americans hold back their potential and make even worse decisions while living with parents. They become complacent and lazy with their own life. It all depends on the individual, for some it makes sense, for some, they need to be kicked on their butt for awhile!

[@ambethk77]

​@@TulsaDudeI agree this is way more common. If you don't feel any urgency. It's really easy to be lazy and just coast while living with your parents.

[@Lilyzoe28]

Losing the full value of my truck's worth as a plaintiff v. an employee (defendant) affected my business in 2022. Getting involved in a scheme that got me $125,000 monthly was my only saving grace. It saved my business

[@Lilyzoe28]

Big thanks to Renee Marie Harrison

[@Lilyzoe28]

She’s a licensed broker here in the states 🇺🇸

[@Lilyzoe28]

Her top notch guidance and expertise on digital market changed the game for me

[@Lilyzoe28]

There’s her line below 👇

[@Lilyzoe28]

+1618

[@josephregel1]

For a Masters degree, some employers will pay for your classes. My employer paid for me to take night classes to get my engineering masters. Definitely look into options before getting loans. (Not to brag, but the Army and Air Force paid for mine and my wife's bachelors, too. :) )

[@GETHIRED_ILENE_REIN]

Agreed! I am an Executive Recruiter and Job Search Strategist. Part of a benefits package from a company is tuition reimbursement or assistance. Take advantage of this benefit!

[@TulsaDude]

As a teacher, I applied for a state program to get certification and they paid for 6 hours of my masters and my state tests. There are definitely many programs and employers out there that will help!

[@JetLagRecords]

The Ramsey Show, I loved this video so much, I had to hit the like button!

[@nathaliebasile6168]

Pay your house !!! Lucky you!!! With peace I bet the best dreams can be envisioned! Congrats 😊

[@deb9806]

My twins loved sharing a room but realized in college most kids didn't know how to share, clean or deal with the change.

[@JetLagRecords]

The Ramsey Show, This is great! I liked it and subscribed!

[@NazgulGamer1]

Ramsey - best sales pitch ever - who cares, buy one, if ya want (not an actual quote). You know that's gonna make you sell out :). I gotta say - I like the tumbler with the 'live like no one else' saying, it reminds us to stay the course and live like no one else.

[@maddiej940]

I work at a private liberal arts college and 2 of my daughters get their tuition free. I pay for room and board for one and the other lives off campus and pays her own rent.

[@brookelondon8029]

You raise a good point that I don't think is addressed. Many colleges offer free tuition to the workers children. Thanks for bringing that up.

[@GETHIRED_ILENE_REIN]

Thousands of dollars saved!

[@munkeyrider]

I own property on the other side of Australia. If a pipe leaks, I send a plumber. I have never been to the other side of Australia before. I pay a manager to look after the tenants and property. I get $2000 per month in rent and the loan is $1200. I paid $300k for the house 2yrs ago and it's worth $440k today. It's easy.

[@BeeDee-qs9so]

Totally agree. They need to specify that in order to have the benefits long term of rental properties, you need significant margin and possible help with the management of them. Instead, Dave points out how much money he has in real estate while neglecting to provide a few significant details. You can bet he’s not running from property to property, collecting rent checks and finding tenants. It’s a bit arrogant. It’s possible for anyone to become a multi property owner but it needs to be done with the slow, steady, grounded approach and eyes wide open.

[@ThePolypam]

What's your net income after manager and repairs?

[@munkeyrider]

$117,520 per annum in gross rent $109,294 after management fees - $18,000 insurance repairs etc - $31,000 loan repayments = $60,000 - income tax Loan $360,000 Property value $2,400,000 (Total portfolio) Plus $165,000 gross income from washing cars Own home paid for Porsche paid for $10k Toyota paid for 😆

[@ThePolypam]

​@@munkeyrider🙏 and awesome, although you're including many properties or units there and not just the 2k rent one you mentioned originally. Having said that I often feel that Ramsey doesn't in a way want anyone to have the same success. He's always advising people to sell their rental properties and saying how much it sucks while reminding us for the millionth time he has 600 mill in real estate assets 😅

[@gourabsarker9552]

​@@munkeyrider Sir what is your total household income in Australia? Plz reply. Thanks a lot.

[@PanopticonMind]

Dont calculate or Ramsey wont have a job anymore!! Only kidding. It really is an emotional battle more than anything. People realize that eventually, hence why baby steps work.

[@paytonbarnett8641]

Absolutely

[@ricacabigao7305]

01qqqqqq

[@JetLagRecords]

The Ramsey Show, You're the best! I just had to subscribe!

[@Nigriff]

John: Overanalyzing the first caller trying to impress Dave. Dave: No

[@super1234567891011]

LOOOL 😂

[@lovepeace2373]

Glory to God, how wise to mention this first.

[@victorianameneverner6271]

Ha ha ha Papa Dave should not market the Merch 😅😅😅😅 Let Rachel and Jade market the Merch😆😆😆

[@caliopeknows844]

Ahhhh no fault divorce - what a glorious way to destroy families and avoid apologies and humility.

[@chowway8942]

Here too learn📈

[@Walkers24]

Lesson one: the difference between “too” and “to”. Here to help.

[@shoujobarton7692]

It was a small gut punch hearing Mr. Ramsey specifically word it as: "The amount of people that went to counseling because they shared a bedroom with a sibling is zero." In my head, I thought, "one." Its the exact reason, I went to counseling...

[@PaintingAndPolitics]

Do you think two sisters together is safe, or no?

[@ambethk77]

So sorry that was your experience. There are plenty of siblings who share a room who have healthy relationships and plenty siblings who have separate rooms who were abused.

[@foxxxybrown555]

I love when Dr John is on the show!!❤

[@flashthecorgi2053]

He’s the BEST!!!! ❤

[@jodyhunt4001]

I LOVE THE NEW MERCHANDISE! IM GETTING MYSELF AND MY HUSBAND SOME. PROLLY GOING TO GET EXTRA FOR HIS BDAY COMING UP TOO! THAT WAS SUCH A GREAT IDEA GUYS!

[@Joce123]

Cute shirt ideas but I can make my own.

[@brucefredrickson9677]

Isabella from San Diego: You need to move to a cheaper location or make way more money. I used to live in San Diego and trust me when i say you can't afford it unless your numbers change dramatically.

[@sheralync5854]

true passive income: good ol' set-it-and-forget mutual fund or etf. I love checking my investments dividend distributions each month or quarter. Now that's truly passive income :-)

[@marjamesquire8141]

Credit unions are the best. If you have six figures in a CU savings account, the interest is amazing 🎉

[@joyfully8802]

I’m going to be on this microphone until I don’t make sense 😂

[@alexisballard1459]

10:40 “here’s a tumbler, in case you want to tumble” 😆😆😆😆😆 Dave is the funniest guy ever

[@AwakenKhmer]

Dave is so funny when he said at the end of the day

[@PattyCakeJake]

I want to see Dave on Patrick Bet-David's podcast. It would be an amazing conversation.

[@sjf426]

Phenomenal wisdom reality check @ 1:24:20

[@paulh1745]

I just love the way the Ramsey personalities that work with Dave Ramsey on the air pander to Dave Ramsey. It could not be more obvious. I think it’s very clear if you want a career at Ramsey solutions, you better not disagreed with Dave Ramsey on a single thing. Can you imagine working in environment like that?

[@striperkid]

It's his business model and the employees all signed up for it. Not sure how you would expect the show to be genuine if they flipped/flopped beliefs.

[@amireallythatgrumpy6508]

Literally 100% of American workplaces are like that dude

[@TulsaDude]

That's not even true. I've heard many of the personalities disagree with him. But the main principles, yeah they normally agree to some extent. That's pretty normal for a company

[@paulh1745]

@@TulsaDude wake up and smell the roses, they never disagreed with Dave Ramsey on anything substantive. If they do, they don’t work there anymore. And oh, yeah, they interview the spouse to, and if she doesn’t pass the test, no job offer. Want to wear a mask in the middle of a pandemic? Not at Ramsey. Move on, find a job someplace else. He flippantly refers to the Covid pandemic as Fauci‘s pandemic. Obviously, he doesn’t know any of the millions of people who were touched by the loss of a loved one due to Covid. You know, poetic justice would be for Dave Ramsey…, oh never mind.

[@LifeandLifeMoreAbundantly]

So true, a millionaire owns their own home, has two used Toyotas(or Honda), and has 800k in investments... a modest life really, a lot less bling and jet setting than a person might have expected. Good to know that's the expectation.

[@rubytice5798]

Will they do the Dave’s 2 day investment class in the future again for those who maybe cannot afford it right now? I’m still in Baby step 2 and about to go to 3.

[@BooBae123]

@Flo fellow Nigerian here. I feel your pain. Let me know how the conversation goes.! I need to have the same.

[@jeanettelove8490]

Amazing ! Thank you

[@AuntGrace]

The guy who sold the rental would have a chunk of change left over after paying of the house? Unless I missed something? Nice little amount to invest/play with.

[@tenn7114]

Love it Glory to God they are debt free !!!!

[@veerebel7112]

Come on! When is the next George and Dave hour?!

[@ibuy2manymovies]

I have no debt besides a mortgage and $9,000 saved (6 months expenses). Should I start throwing everything at the mortgage? It's a scary step

[@bluebelle9572]

Everything extra. Why not

[@ibuy2manymovies]

@bluebelle9572 Because I want to have fun and be irresponsible lol. But I know this would be 1000x more productive

[@MONI-bj1ms]

401k, etc,too. Give spend save

[@countrysister700]

Picture your house payment in cash lying on the table in front of you. Benjamins. $$$$ It's yours to spend, invest or give every stinkin' month IF you pay off the mortgage.

[@sgc1401]

@@ibuy2manymovies In your current situation, it would probably be fine to spend a bit on optional "fun", but just be careful to not spend too much.

[@JoseLopez-jd6kt]

“I’ve watched plenty of TikTok videos” 🤣🤣🤣

[@Nigriff]

Jade and Rachel the previous show: Don't buy an index fund Dave this show: Buy an index fund

[@poolking25]

For the first caller, the interest rate matters. Im not paying off a 2-2.5% mortgage rate. His initial hesitancy was correct on the opportunity cost of that money being in the market. The millionaire study of "nobody borrows money on the house to invest" is not the same situation of tons of people that pay off mortgage over the long run while investing aggressively

[@motoryzen]

You're right but the vast majority of millionaires don't do that nonsense they don't hold on to a house payment like it's a damn pet (Facepalms) So if you want to take that risk and hold on tight to being under the thumb of a bank for far longer than you have to, that's your choice and your problem. It damn sure they won't be mine

[@poolking25]

@motoryzen People take longer to pay off their first house, but second or third homes are paid off quicker The difference between 2% mortgage and 8-12% in the market is insane long-term, you're leaving hundreds of thousands of dollars on the table.

[@monikaranee]

Shout out to Vegas!🎉

[@Laura-ed5kf]

@1:24:30 - The delineation between Millionaire and Billionaire needs to be your next Short! SECOND BEST thing I heard in this day’s show!!! (1st was DAVE being told to pitch merch!!! 😅😂😅 Seriously?! I’ll take that $20 I didn’t spend here or at the grocery store on junk-food and apply it to my Principle!!! Paying a 30 Year in 10!! 😊)

[@thebusyhomeschoolingmomfiles]

1:34:10 Nigerian fathers are stick and don't like to listen to their kids or really the wife for the most part. Its rare. He is better off accepting Daves gift and trying to get his father to talk to a professional.

[@andrewsnyder9262]

No Dave you are wrong. Invest the $140k and grow at 10% will net a much larger return vs investing the house payment until retirement. This should be two separate categories especially if the mortgage is manageable even with reduction in income. I used your lovely investment calculator online to demonstrate that the $140k put away now will bring millions more and this is without adding any extra to it.

[@Arazhul12]

I once calculated the hours I invested in my rentals (passive income) and my hourly wage was below minimum wage 😂.... And this being a good year with not many damages or rent losses 😂

[@theadvocate3006]

T shirt suggestion.... DEBT FREE DEGREE t shirt🥰

[@marjamesquire8141]

What about house-hacking? Having your house that you live in but having a lodger pay rent under the same roof? It’s sounds like a win-win to me

[@Luv2Ski4500]

I’m a millionaire. I still have a mortgage. I’m making over 12% on my investments, last year 22%. I pay about 2% on my mortgage. I’m not taking from my investments to pay my mortgage.

[@KAinFL]

I am!!! Going to take half this year/half in January and pay it off. DEBT free finally. (my mortgage is 2.5% with 135,000 balance) I want the freedom and it is only 7% of overall investment value (1.6mil). No brainer.

[@NathanCruise-f8s]

Sounds like you need to do an updated study of millionaires, guarantee there will be some people with different methods of becoming a millionaire

[@joelalm5215]

What's in your wallet. Not Capital One!

[@ThePolypam]

Penny is struggling with her situation and misinterpreting what is a clear message.

[@mjax8614]

But they are always saying that married people are better off and live longer!

[@Late87]

I do a debt free scream every payday when i pay off my credit 😊

[@countrysister700]

13:52 A new bachelor's degree needs work experience to be worth 2 cents - and you need to grab a job while you can get it NOW. It will also make grad school more meaningful and useful.

[@chuckstemm443]

Emily and Gregory had super charasma!!

[@doonie5396]

Yeah... I saw what you did there..😉

[@sanderbrust]

i'm looking at weirdos LOL

[@BeeDee-qs9so]

I know! Rude, or what? 😂

[@davidmurrell8543]

The owner is not liable if a tree is damaged in a storm and harms neighboring property - unless there was negligence involved. Imagine if a tornado rips up a tree and throws it into a neighbors living room. Not the owners fault. Same principle.

[@marjamesquire8141]

That’s not true. There’s a tort concept called trespass to land. That applies

[@joniatoms9798]

I’m not sure if passive income is even a real thing. Income takes work.

[@thedancingveganatheist6310]

She's complaining about 3k/mo for a 3-bedroom.... um... that's like a ONE-bedroom in many places!

[@TulsaDude]

Maybe, but why would that matter to her?

[@mastathek]

Such a fluster of emotion with those in bad times, happy they getting help, but depressed how often you hear it, but happy they're here talking and getting some help, but, but, but 😅🙃🫠

[@probcsh]

I tried renting out my old place and gave up after one tenant. It was a bad experience.

[@marjamesquire8141]

I sold my rental house and used the money to pay for my law degree free and clear. I’m debt free and have been practicing law almost five years now.

[@LifeandLifeMoreAbundantly]

Divorce is so destructive; I bet most marriages could be saved with good biblical counseling.

[@coffeegame4628]

It must be very different in the US to the UK. All those universities, government buildings are cleaned & kept by large contract firms.

[@amireallythatgrumpy6508]

Yes, the USA only has colleges and universities in name only, not actual universities.

[@oskarniebudek4526]

Dave has around 600 000 - 1 000 000 $ in real estate? Or he has 600 milions -700 miliony i real estate? I didnt get it right.

[@kirapoodle]

Why do people waste money on Master's degrees when they don't have any job experience?

[@marjamesquire8141]

Teachers’ positions require them at most high schools and colleges. I had to go to law school to be a licensed attorney. But yeah a lot of masters are useless without job experience

[@Ferrero123]

Such a humble couple 🤗

[@Stay_postive_stayfocus]

How do I payoff $30,000 in debt making $4000 a month and $1600 in rent . Please help

[@tmusa2002]

@@Stay_postive_stayfocus get a roommate and put half the rent you now don’t have to pay($800) on top of your current payment amount. You’ll have it paid off in ~3 years.

[@Beginnerreadsthebible]

Assuming you are a single person: 1600 to rent 266 to food (cook as much from scratch as possible, zero eating out) 100 to toiletries/personal items 100 to insurance 40 to cell phone (MetroPCS or similar) 300 to utilities 300 to car payment (may need to downgrade your vehicle) 75 to gas 1219 to debt (assuming 15% interest, paid off in 3 years) God bless ❤

[@Stay_postive_stayfocus]

@@Beginnerreadsthebible appreciate your feed back. 1. Utilities are included in rent except for electricity payment $65-70 a month 2.Groceries I usually spend almost a $100 3. Toiletries I buy in bulk a Sam’s club cause it last longer (yearly subscription) 4. Car insurance is high $170 maybe I have full coverage 5. Can’t downgrade car because credit score payment $439 bi weekly 6. Cell phone I can just that to metro

[@Stay_postive_stayfocus]

@@Beginnerreadsthebible 7. Credit cards are in Charge off status now 🤷🏾 8. Gas that’s about right though Any suggestions on adjusting somethings

[@ufoundshy]

I want a t-shirt that says "I'm looking at weirdos".

[@KAinFL]

or "I am a weirdo"!!!

[@Key_City_Kyle]

First guy is saying he can pay off the house in 3 years anyway. I fail to see how the net difference in 20 years is $1m different from what he will invest anyway if he drops an extra $50k in the market the next three years instead of putting it toward his house...

[@chaosdragun1608]

There wasn't any information given about what he intended to invest in however its a huge chunk of money to not have in the market so Ultimately the issue he was trying to explain & they failed to address was would you pay off 150k of debt now to lose 1 million dollars from future retirement. There's so many variables missing from these quick assessments it's kinda scary. If it were me I'd of probably gone to a CPA for a full assessment of my situation and what that money could do. You can always downsize but you can't get time back so keeping money out of a solid investment for an extended period of time could cost you big dollars. The advice is great for basic strategy but beyond that it's more nuanced.

[@Big-cg3bw]

This is such bad advice. Real estate is the best passive money generating machine. I own 300 units, it’s the best move I’ve ever done.

[@Yummy2u]

I wonder if any of the personalities have investment properties other than Rachel.

[@JeffEmerson-gi5jt]

Roughly 120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[@AdinnaMullins]

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

[@williamchukwudobe]

That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.

[@JeffEmerson-gi5jt]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor

[@JeffEmerson-gi5jt]

Thanks for this tip. His website popped up on the first page immediately I searched THILO MOUKOKO name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.

[@1croatoan]

If I had the dough to pay my house off, i wouldn't have the dough to pay my house off, my house would be paid off.

[@survivingthetimes]

Don't have people in your life that don't celebrate success. The people who get on tiktok and complain about the price of eggs gotta go.

[@amireallythatgrumpy6508]

Not celebrating success doesn't necessarily mean complaining.

[@TulsaDude]

​@@amireallythatgrumpy6508then why are they there

[@amireallythatgrumpy6508]

@@TulsaDude To point you forwards.

[@jeremiahsmith450]

Congratulations Emily and Gregory. Hope you use this debt free time to gain a personality hahaha jk

[@LindseyHarvell-vc4ez]

John Deloney… creating a deep dark problem for every solution.