Why Invest Only 15% of My Income If I Can Do More?

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[@HugoBergmann-lu4nd]

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars

[@LiaStrings]

If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

[@StacieBMui]

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

[@RafuqueAhmed117]

Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@StacieBMui]

Credits goes to "Sharon Lee Peoples" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@lolitashaniel2342]

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

[@barttfisher]

The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.

[@JosephineKenney]

Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.

[@FinnBraylon]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Strategists have been aiding folks in recording gains over 250k just in a matter of months, so I think there are alot of wealth transfer in this downtime if you have someone who knows where to look like i do.

[@HildaBennet]

Hello, how did you handle it? I believe I require a pro after reading these comments

[@FinnBraylon]

SONYA LEE MITCHELL is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@HildaBennet]

Sonya looks the part so i'd do my due diligence. I set up a call, thanks.

[@3TripleA]

im 18 and get paid 15 dollars an hour and work around 32-40 hours a week. ive invested around 45-50% of what i made and intend to keep doing it. im fortunate to live at my moms home however and only pay a portion of bills. ive made a plan to have 20k saved and invested by my 19th birthday in december.

[@jonathanbulkheed338]

hey! sounds great! Will your mom offer me a room for cheap if I help out with cooking dinner and doing dishes? lol I need to save and invest more too myself.

[@3TripleA]

@@jonathanbulkheed338 the more the merrier 😂 and if you dont invest today you might regret it tomorrow

[@jonathanbulkheed338]

@@3TripleA alright sounds great! PM me your address and I'll start getting my stuff packed. Also.. just wondering.... is your mom single? lol

[@fr3shv1p3r9]

@@3TripleA can i come along too, i can do some great yardwork and heavy lifting around the house. I can also clean pretty well

[@aidanchan1693]

Whoa, are you me? I'm in this exact situation. Same wage, same hours, same plan, same age and same birth month!

[@Theresaa12]

My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?

[@RickWatson-xu6gw]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers

[@HarrisRyan-oy8eo]

Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

[@judynewsom1902]

@HarrisRyan........ I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@A_francis]

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

[@Chrissummerill]

HODL

[@hernandeztorres7137]

*The first step to achieving wealth is figuring out your goals and risk tolerance. Either on your own or with the help of a financial planner. And by following through with an intelligent plan, you will gain financial growth over the years and enjoy the benefits of growing your money.*

[@hernandeztorres7137]

*Browse Donald Nathan Scott for more insights.*

[@vishistsaini3623]

The bass in that guy voice 🤯🤯

[@Babugee9]

He's been fired

[@navymed3]

@@Babugee9 what why?!

[@kisong1960]

@@navymed3 slept with a coworker

[@makers721]

@@kisong1960 not a co-worker, but infidelity

[@mr260z3]

@@Babugee9 yep cheated on his wife. Somehow he kept his job for a little while, but has since been fired.

[@arthurkorff]

dave ramsey playlist is my at home background music

[@ElainesDomain]

HAHAHAHAHA. Good one. Subconscious learning.

[@DJiMike1]

Same

[@perreira831]

Smart Man!!!

[@mind.health7834]

Better than caffeine in the morning

[@Ibeatuphomelesspeople]

🤣

[@lawerencemiller9720]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@alexyoung3126]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@williamyejun8508]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@jessicamoore3093]

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@jessicamoore3093]

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 resume.

[@GurpreetSingh-et8ix]

It really depends on your situation. My wife and I are currently in a home here in the Bay Area, but not necessarily in the best school district. We want to upgrade to a better house in a better school district. So it doesn't make sense for us to pay more than the minimum mortgage payments on this house. It allows us to save up for another house in the near future. Maybe we'll sell this house or maybe we'll keep it, that determinination will be made in the near future. All my friends do this: have a 6 month emergency fund, then max out 401k, then invest in mutual funds/ETFs/stocks.

[@AnthonyLancaster2]

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[@WilfredoDurgan]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@AnthonyLancaster2]

Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@AngelinaJordan74]

yeah Alex was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Alex Antonio. He is my number one source when it comes to crypto and TA.

[@WilfredoDurgan]

Wow I have heard so much about him and have been trying to get in touch with him.

[@WilfredoDurgan]

Thanks a lot for the recommendation.

[@TS1023TS]

I hope you see all the positive you have done for people Dave! There will always be ungrateful and jealous people. Thanks for helping us out.

[@MegatPage]

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

[@StocksWolf752]

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

[@EleanorBaker474]

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

[@DilaraKamelya]

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.

[@EleanorBaker474]

Credits goes to " Sonya lee Mitchell" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@AK-47ISTHEWAY]

Sonya lee Mitchell steals money from senior citizens. She has a bench warrant issued for her arrest. DO NOT INVEST WITH HER!!! She is a scam artist.

[@Clorisluta]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@LancEthan]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@catherinerea3569]

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@ShukriVikas]

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.{

[@AgentGWG]

Begone bots

[@toptechtips9334]

Buy crypto, high risk high reward

[@coltenmiles8303]

I really like this video I have worried about the 1000$ emergency fund and the way y'all addressed it is spot on thanks

[@persistenceovision]

This dude could read ingredients off a box of fruity pebbles and it would sound like AMAZING food.

[@ashyelbos]

Lol

[@SatoshiFibonacci]

No debt and single. I can afford to aggressively invest right now! I plan on focusing on investing in my 20s.

[@ERprepper]

How old are you? It’s not a bad idea, but don’t waste your prime preparing for your feeble years. Don’t be neglectful of your future and retirement, but definitely don’t neglect to enjoy some of your money and time.

[@mso008]

smash it bruva!

[@samdenham5991]

Its the way to go, invest and make sacrifices when you are young and able to work hard. Spend your 20s working hard and start to ease back in your 30s and 40s until retirement so you can reap the rewards.

[@kCI251]

@@SatoshiFibonacci Just be sure you get a prenuptial agreement so your wife doesn't take half of your retirement when she leaves you for someone else.

[@Sweetie505]

@@kCI251 Geeeez ouch lol 😆

[@sonny44898]

Thank you Dave! Thinking I need to go back and review the baby steps to get us back on track…

[@JMKrech]

Such sound wisdom! Love it!

[@Brian-hd4rb]

people finance a car that is 20-40% of their income, of course you can invest over 15% of your income

[@AnnabelleC0306]

Perfect example.

[@johnantoine1477]

Wow!

[@jimroscovius]

You can, but get the house paid off.

[@thatredcam]

Couldn’t have said it better

[@Brian-hd4rb]

Jim Roscovius I agree

[@pauleff3312]

Dave Ramsey, you really are such a decent man in the way you explained the "falling off the waggon" - Thank you for sharing your ideas with the rest of us

[@mcgillagorilla196]

I think this is one of the best videos Ramsey Solutions has put out explaining the rationale and intent of the Baby Steps. Explained with grace and to great effect.

[@callmeishmaelk767]

The compound growth also works on the mortgage, the more you pay down the mortgage, the more of the mortgage payment goes towards paying the loan part of the mortgage and less towards money getting flushed down the toilet on interest.

[@harrisonjamie794]

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

[@georgerobinson2021]

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

[@harrisonjamie794]

@@georgerobinson2021 In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

[@georgerobinson2021]

@@harrisonjamie794 Please, how do I connect with your financial planner?

[@harrisonjamie794]

@@georgerobinson2021 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.

[@georgerobinson2021]

@@harrisonjamie794 Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.

[@eriksavini691]

Depends on your goals and timeline. If you are interested in financial freedom before retirement, you should be targeting 40%. I lived like I was broke for many years and was investing around 85% of my income which lead me to become a millionaire by my mid thirties.

[@mikemontana1990]

That’s unreal man. My wife and I did the same, lived like we were broke and lived in a basement suite for Cheap rent until we were 29. We just cracked a million in assets and savings/investments at the ages of 31. Feels good!

[@eriksavini691]

@@mikemontana1990 Congrats!! I'm always inspired by others success stories. I wish you continued success.

[@joshuas3897]

Congrats! I love the positivity here!

[@justducky8508]

What age did you start your financial journey ?

[@ellasoes8325]

That worked for you and that's good. Dave's plan is more likely to work for a wider breadth of people.

[@Kmanjr0]

Had the bass turned up and my head started rattling

[@JerryLuca-nm9ru55]

The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate investment I've seen so much difference

[@LarryAnthony-ut8ok44]

There's a favourable profit in real estate investment, This will be the best time to invest based on current status.

[@JerryLuca-nm9ru55]

Jenny Pamogas Canaya is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.

[@AK-47ISTHEWAY]

​@@JerryLuca-nm9ru55Jenny Pamogas Canaya steals money from senior citizens. She has a bench warrant issued for her arrest. DO NOT INVEST WITH HER!!! She is a scam artist.

[@ChrisMFlorida]

I do about 38%, but house is paid and I have no debt.

[@Michael-ye9xm]

If I’m younger should I be putting more in my retirement fund or saving to buy a house?

[@aisherwasher6959]

@yankeecandle unless you plan on buying a house soon (like in less than 5 years or something). Then it's safer to keep the money in savings

[@harsimranbansal5355]

@@Michael-ye9xm dump it in your retirement. You want a lot of money in retirement early on so it compounds. Even 1 year makes a big difference of a few million in 40 years. Invest first, then buy a house, all while living below your means. Every dollar you can save put it in investments.

[@Triniboi05]

Yeah 33% for me but no intentions of getting a house any time soon and no consumer debt.

[@lionheart93]

@@aisherwasher6959 😂

[@outdoorsnevada4138]

very good video. thanks for the input/advice

[@jamieknight2139]

Smart advice, I’ve just started budgeting and this vid came up

[@martinskamla6789]

I invest 80% and regret nothing

[@DallinBunnell]

I've been on an aggressive debt paydown path, and recently i needed to get a new Catalytic converter for my car. It was very discouraging. I'll be fine and we have the savings, but those things do feel like a roadblock to your momentum

[@grantcanty7294]

keep at it!

[@bearnecessiteespolio5359]

Not sure of they have "HyperJar" in the U.S. but here in the U.K. I use HyperJar as a kind of second bank account because it allows me to put a little bit of money into loads of different "jars" which is great for these "unforeseen" emergencies. So for example I have a jar that I put £40 per month into for unforeseen car repairs, and a bunch of other "jars" that allow me to squirrelly away for these type of expenses. One is called "health" in case I suddenly need new glasses or an something, and another is for "household" in case I need to pay a plumber or buy a new washing machine.

[@stevenyoutsey8989]

Great advice! These things make more and more sense the further along you go in your financial life. God Bless!

[@Eagleknight815]

Miss Big Chris and his voice. Nice to hear an "old" video in this morning's walk.

[@MaryOlson7]

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

[@MaryOlson7]

@chesterpatrick669 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@MaryOlson7]

@chesterpatrick669 Hi, please who is the expert assisting you and how do I reach out to them?

[@eduardojroque6190]

Because 15% is what you save with car insurance

[@AS91ist]

I really appreciate these talks and advices. I tried to install your budgeting app, but it's not available in Poland. Are you planning to change it?

[@tima4167]

Thank you Dave Ramsey

[@AdrianEnglish]

Good question, sir

[@markg999]

15% should be the minimum.

[@drevil5546]

Yes, but people calling into a show asking for financial advice, usually don't have the best grip on their money. You don't hear any type of person like Warren Buffet calling into these shows. These types of shows are more of a "lets start to dig you out of the deep hole" situation with easy stepping stones. $1,000 is NEVER enough for an emergency fund, but it IS a small attainable stepping stone that someone can focus on while digging themselves out of a hole. The ladder to financial security may be 950 steps, but if someone cant see the first step of that ladder to get themselves out of their hole, they will never start.

[@Resolve_DigitalMedia]

i needed to hear this. thank you

[@milkncookie]

Mortgage pay down vs retirement investment. You're an adult! Do what you guys want... Dave taught you how to get out of debt already, the rest is up to you. His steps are a guideline, follow it or change it, but don't need to argue with Dave about it.

[@alexc5369]

He has even said that once you become a chef, you can tinker with the recipe

[@chalimi.fithratu]

Hahaha exactly 😂

[@AlexanderWebster_]

@@alexc5369 mostly agree. The only thing I would say don’t mess with is debt. You don’t want to ow somebody 3% interest for the rest of your life. Doesn’t matter if you’re making 10% in stocks. Stocks are taxable income and don’t give you the stability of owning your own home and being out of debt.

[@SKBottom]

Some of us question or debate as a way to gain deeper understanding.

[@jrus690]

You can put whatever percentage you want into investing, Dave and others are just giving a number as a baseline. When you are increasing the money load in the bank, you can more or less spend and invest whatever you want on everything.

[@faithsilas4466]

Man this some great information

[@RyanPinedaClips]

Such a valuable video!!

[@Natalieneptune469]

Stocks looked to rebound Friday to close out a rough first few days in August, as the jobs report's release takes center stage and an earnings-heavy calendar continues. I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?

[@Robertgriffinne]

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@sheltonPston]

Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@Alejandracamacho357]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@sheltonPston]

credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@Neddie2k]

Someone who never had an emergency fund is now complaining about having a $1000 emergency fund, You forgot you didn't have a $1000 before you started this plan.

[@Inshape2]

Exactly!! I read posts complaining about the $1000 not being enough all of the time and I want to ask them so bad... what did you have before???

[@MrsThollo]

@@Inshape2 Exactly. 😭

[@rachelroelands9928]

Most of those people have a few thousand in savings while they have tens of thousands in debt. Ramsay's plan gets people to realize how broke they really are

[@davidstone1826]

@@rachelroelands9928 Debt-to-Income ratio. That’s a real measurement of somebody’s true financial status.

[@chef_rg.2]

Well said

[@aclockworkpeon5572]

Multiple viewpoints. Dave Ramsey is right. A lot of it comes down to having to not get "too greedy" and live life while helping others and giving to those who also need help and allocating money for that.

[@graywilliams_77.]

investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself.

[@graywilliams_77.]

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

[@captain4318]

Just put your money into an ETF?

[@parkadeigogaming9792]

Exactly, if you buy market portfolio (s&p500) you are literally maximizing risk to return payoff as you are directly on the capital market line and you are diversified, there's simply no better investment​@@captain4318

[@gabriellekelly3462]

Oh, good question. I've often wondered this. Especially if you're on the older end, say 42 with 0 in retirement. I see that he is wanting the house paid off first before you invest more. But, we have like 3% interest on our mortgage and only 48k left with a plan to pay off in less than 10 years. I don't think it's a bad idea to do more and pay off mortgage early at the same time. You'll never get the years of compound interest back. Everyone's situation is different.

[@ExequielSkidmore666]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

[@HonorinaLeemaster223]

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

[@ExequielSkidmore666]

how do I get in touch with this consultant that assist?

[@HonorinaLeemaster223]

Jenny Pamogas Canaya, that's whom i work with look her up and thank me later

[@ExequielSkidmore666]

Thanks for the info . Found her website and it really impressive

[@J0k3rl]

ETFs or Index Funds that track the S&P 500.

[@SUGAH92]

Love this show

[@jnordman86]

That was a good talk, one thing about saving $1,000 while your managing debt is if you don't save $1,000 for just in case then you can't save $10,000 for an emergency fund either.

[@wpgangi1]

Thank you for this! It's very helpful to understand the WHY behind the plan. It's not just math involved, there's emotion too, and the Baby Steps bring success to both.

[@Nate-pp2kp]

*She's* *reachable* *on* *Whats. App* *and* *do* *well* *to* *tell* *her* *i* *recommend* *you* *to* *her*

[@Nate-pp2kp]

+ 1 3 0 7 3 6 3 1 9 9 6

[@sorvoja]

I miss Chris Hogan, he was an amazing Ramsey personality.

[@user-iv2op8bz7r]

Same

[@generalandmemeaccount3467]

He cheated on his wife, and Dave couldn't keep him employed at a Christian company with that knowledge. It's sad, but I think Dave made the right call.

[@TommyGunzzz]

Actually he hid it for over a year and has fired lower level employees for the same, which he's going through lawsuits.

[@aniroc543]

The $1000 fund is not enough to cover little bumps in the road anymore. Maybe new tires cost $250 a set 20 years ago, but now they're $600 a set. Everything that could be a small bump has gone up in price. $1000 may cover 1 or 2 bumps now, and 20 years ago, it could cover 4 or 5. We put away $3k in baby step one and are down to $500 already. Two minor car issues that cost $2k alone. Things. Are. Expensive. I do think the 1k model should be increased.

[@Williams093]

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.

[@Williams093]

@Ricejames934 However, if you do not have access to a professional like JUDITH ANN PEACE, 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...

[@Williams093]

@Ricejames934 Judith Ann peace is her name

[@Williams093]

Lookup with her name on the webpage.

[@Williams093]

@Ricejames934 You are welcome .

[@Dr_Diaz]

This guy's voice is deeper than my whole bank account

[@La_sagne]

and meanwhile his bank account is still deeper than the voice of every singer out there

[@jimwerther]

But now he's out of a job and a wife

[@TheSAD999]

Voice of an angel

[@Dr_Diaz]

@@jimwerther what happened to him?

[@jimwerther]

@@Dr_Diaz He cheated on his wife with the wife of a colleague. That violates Dave Ramsey's rules, and he was let go.

[@Ben-yw8be]

I invest 20-25% of my gross income each year. 15% is too low in my opinion especially pensions are harder to come by and not many people have employer matching.

[@harlee886]

This is an amazing clip.

[@5280Roadrunner]

Life is so much less stressful when emergencies happen and you have funds available to pay for the expense. Our furnace went out earlier this year, and yes it wasn’t ideal and it caused a bump in the road but because we had a rainy day fund we were able to pay for in cash and just move on with our life. It was an inconvenience not a major tragedy.

[@DeanBKK]

An inconvenience is not an emergency though.

[@susiem.2068]

​@@DeanBKKThat could have easily been an emergency if they didn't have the funds to pay for the furnace.

[@Aziz__0]

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

[@AUstinnesc]

@Margaret I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

[@McElvinn]

@@AUstinnesc she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@jaydenlabroski5593]

Good old scam chats 😂

[@RichL4899]

@@jaydenlabroski5593 yup im getting tired of seeing these bot chats lmao

[@01happykat]

My first investment was also into a dividend stock at 14. At 34, I cashed out part of that investment to put towards the down payment of my house. Nearly all of my investments have done extremely well over the long haul. A few were duds, but I've come out on top too. Once able, I invested far more than 15% of my income. I don't do Dave's plan of paying off my house first. It's not that I don't think it's a good idea, but my plan has worked exceedingly well for me, probably because I had the saving and investing habit established long before I bought my home. But I think his argument is sound and logical for the general population.

[@thatboytosin365]

Absolutely excellent conversation. Chris and Dave ooze wisdom and experience

[@DanielPanuzi]

A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?

[@albacus2400BC]

You need to create your own process, manage risk and stick to the plan, through thick or thin or you can just seek the help of a financial advisor.

[@NormanGhali]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time

[@RickWatson-xu6gw]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@NormanGhali]

My advisor is *Sharon Louise Count* . She is easily searchable on the web and has extensive knowledge of the financial markets.

[@hannahjohnson7079]

A lot of these comments sound like spam. I don’t think you need a financial advisor. Read “Simple Path to Wealth” by JL Collins and you can do your own investing. Between Dave Ramsey and that book I feel like I know everything I need to know to build wealth.

[@shivang15]

Dave is a good guy. Listen to Dave.

[@ZiggyisAmazing]

Dave has done so much. Not sure why people hate on him

[@linkbelt111]

Dave’s system works well for beginners, people with debt they can’t handle. Once you gain some responsibility financially, there are better solutions. Most of the Dave haters are generally bitter towards most things.

[@scarpfish]

Everyone should play with a compounding interest calculator at least once in their lives to see the potential over time. I'd invest 75% of my income if I could.

[@altenberg-greifenstein]

I sometimes play the good old times game too, when interest on savings was as high as high risk investment is promising you now to manipulate you into giving them your money.

[@joesoccerfan4628]

Yes. Dave really doesn't answer the question as to why not to invest more than 15%. If I had to do it all over again from my 20s, I would have put in as much as I could.

[@AJohnson0325]

That’s what Shaquille O’Neal says…Invest 75% then the rest is for needs and wants.

[@Godios1]

I’m 19 and in the Air Force. Because my housing, food, and medical insurance is paid for by military (and no debt), literally the only things I need to worry about is my internet bill , data bill, and car insurance which all add up to about 300 a month. I only keep around 2k in my bank account and invest the rest which I guess is around 75% of my pay check. The reason I don’t have much money in my checking is because I don’t have many emergency obligations. I don’t need to worry about losing my job or about supporting a wife and kids. I am extremely blessed and thankful for the position that I am in, unlike many of my friends who didn’t put much thought into where their money was going. I know many of your circumstances are drastically different than mine, but being financially free for most people really just requires a little bit of prudence and self discipline.

[@TheRealChrisWoodward]

This video is brilliant!

[@rls151]

I thought Dave got the 15% invested into retirement from the book The Millionaire next door. Can anyone confirm this?

[@jamesmedina3297]

im 21 living at grandmas and put 80% in lol

[@Felskroner]

its pretty smart. our culture in the US, looks down at it fairly strongly, for grown males to keep living with family. But early 20's, its still very reasonable. shouldnt be in any serious relationship where your own place is "needed"(after 25, maybe) , i think you can ride that out for a couple more years

[@beautiful20106]

That’s smart

[@kaporalf150]

I save 70% of my income, for years now. Granted I make good money, but it helped me so far. I already have my emergency funds.

[@agginswaggin]

You can totally invest more, just make sure it comes from the money you'd usually spend on your lifestyle.

[@GraceHarris305]

I'm thinking of putting about $700K into stocks since I've read that astute investors can make money even in hard times. Do you have any good plans for this year's stock market? I was just wondering what better assets than stocks to invest in right now, since I currently sit on a $500k inheritance.

[@MiaDavis001]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@NoahAnderson3000]

True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@CarterHall-re5fu]

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?

[@NoahAnderson3000]

NYCOLE CHRISTINA VANNATA is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Cdix]

@@NoahAnderson3000I smashed in high school

[@chrizze5062]

I’m 18, living with parents. Make about 550 a week but 450 after paying 100 a week for rent and other stuff. I throw in almost every dollar into stocks. Right now I’m up over $2.2k

[@pawnshifter6435]

congrats，same here，can't wait to get started

[@lucasmorris7885]

That's very good

[@lucasmorris7885]

So I I'll advise you to invest more on stock and make more profit to yourself

[@lukecoop2306]

Congrats!

[@Liljoozy]

keep that mindset as long as you can! you are setting yourself up for success

[@remmingtonstewart9826]

Not an investment comment. I just have to say it: After years in debt I finally said: ENOUGH! Enough with auto-pay, it's not working. Enough being stressed. I went with paper-bill-statements. For the first time in three years, I'm not in the negative. I don't have much, but having a little, being in the green, is better than having nothing in the red. Also, it's helped me not make any UNNECESSARY purchases. I can breathe a little again

[@JM.TheComposer]

Having listened to the Dave Ramsey show for 11 years now, this is a rare discussion that isn't a repeat, like 99% of the questions that have been asked before.

[@genxx2724]

That’s the level of person he helps.

[@sidwhiting665]

Yep, just like people get sick every year, requiring doctors to perform the same operation, people mess up with money every year and have to follow the same advice. . I'm guessing here, but I would say that 99.8% of our lives are repeats of lives that came before us. Each generation has to learn a significant portion of what the past generation already knew before they can start charting new territory.

[@UsamaG-mq1jy]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

[@SteveBrown-yt3uy]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@user-um8pz5fl5c]

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

[@MaiDaniella-mr2gq]

I'm new at this, please how can I reach her?

[@UsamaG-mq1jy]

she's mostly on Instagrams, using the user name

[@UsamaG-mq1jy]

FXMILLER18 💯.. that's it

[@00Noontide]

I play this in the background as I do the dishes :)

[@t2216]

One thing that I heard that stuck me is that: the car engine or tire or what ever will blow on person car or house or what ever who does not have any saving and not on a person that sits on cash. I always keep 10k+ for any stuff like this. Somehow then it does not happen :D And also a spare in trunk

[@dirtfarmer7070]

It's been my experience that if you prepare for trouble, it doesn't happen. I agree with you on this point. Bad things will happen, be prepared and it's not so bad.

[@EthanRMus]

First time Ive seen an actual explanation of the $1000 emergency fund step! I appreciate hearing Dave admit that that step is in no way about the math, because that's been something Ive consistently not liked about the Ramsey plan for my personal situation. I think Id much rather have that same 1000 paying off part of a credit card in order to save on being charged interest and just use that same credit line in case of emergencies. I appreciate this explanation though and can see how as a general rule for most people who struggle with motivation or will only be motivated for a few months that this can be very emotionally helpful.

[@Amelia-Elizabeth]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@Patricia-Margaret]

@AustinWalker67 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Bridget Mary Turow and everything changed. I started enjoying huge returns from my investment.

[@Patricia-Margaret]

@AustinWalker67 Bridget Mary Turow , lookup with her name online.

[@Susanne-zuku]

@AustinWalker67 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@bobdole870]

THIS IS A SCAM THREAD- DO NOT CONTACT THIS PERSON 🚨🚨🚨 THEY WILL STEAL YOUR MONEY!

[@CaesarAugustus.]

I mean, you can always sell your investments, so it’s not really the same as becoming “house poor” or “car poor.”

[@RonJohn63]

Right. And you can reduce your monthly investments, too.

[@jessicabixler1658]

And you investment can tank.

[@15KHPCLUB]

Always diversify

[@bluegillmich]

Invest in multiple streams, don't put it all in a pre-tax(401k type)..Agree with destroying the mortgage debt..

[@petkuscinta9797]

Plus, in Australia you have to be carefull not to exceed 27500 per year intio SUPER (401k? in US?) otherwise every dolar will be heavily taxed

[@MillionaireMindsetClub]

15% is a good start but not written in stone. 15% just happens to work well for most people.

[@k-mart7475]

Not for “most people” but for millionaires. 👍 Learn

[@AaAa-ri4uf]

@@k-mart7475 keep saying stuff like this and you will never have any money

[@AaAa-ri4uf]

@@k-mart7475 just keep watching cnn and worship Kamela Harris ok bud

[@ballista7367]

@@AaAa-ri4uf what's wrong with you

[@shawkins79]

@@ballista7367 drugs apparently. Seeing a problem that isn’t there.

[@JTDyer21]

None of this matters if you think the process of building wealth is instant and easy.

[@andrewunzeitig335]

If you have an employer match on the 401k how do you categorize this when making your plan? Is this just something you need to ignore when making your calculations?

[@jimroscovius]

Yes, you ignore that. It's great to have, but it doesn't figure into your calculations.

[@TheSchaef47]

Yeah, my first thought on the question of adding more is that if you have a sudden financial need and you're overextended on investment, then you might have to take some of that out to cover the difference, then you're paying capital gains tax and wiping out the extra money you were trying to make from going higher.

[@justthebrttrk]

I would much rather be in that situation than losing my home. Dave's advice to go with a 15 year mortgage and pay it off as fast as possible might be one of the worst pieces of advice him and his team advocate for. If you're 2 years from paying off your house and lose your job, all that work you put into paying off the house the past 13 years is meaningless until you send in the last payment, especially if you can't put food on the table while you're looking for work, say, for longer than your emergency fund can sustain. My wife has been unemployed for almost a year now. Thank goodness she has me as a backdrop, but if she was single and a homeowner and following Dave's advice, she would have lost her house.

[@TheSchaef47]

@@justthebrttrk If I pay 28 years of a 30year mortgage and suddenly get hit by a bus, my family loses their house too. That's not dependent on the length of the mortgage. What you do control with the length is the amount of time you are placing yourself at financial risk. Alternately, if you pay for 13 years and lose your job, but you put in extra investment equal to that final two years, you could have used that money to pay off the house early, saved the last two years (or more) of interest, and saved the extra 15-20% the government is going to take. It actually costs you as much as 30% more not to pay off the house, plus you retain the risk of losing it to begin with, as opposed to owning it free and clear. I'm in a home on a 30-year mortgage, you think I'm going to just sit and pay the standard amount due every month into my 70s?

[@justthebrttrk]

@@TheSchaef47 I'm suggesting that you take the margin in your budget from having a 30 year loan and investing it instead. Not only will you have a significantly higher net worth after 30 years compared to a 15 year mortgage (and investing later), you will have a significantly higher amount of liquidity in the event of an emergency. There are plenty of case studies that show how this works, so I'm not going to do the math here. If you truly are in control of your finances, you should be able to optimize them in this way. Unfortunately Dave's plan is dumbed down to the lowest common denominator who has no discipline. So sure, for someone like that, paying off their mortgage and making their cash unavailable to them may be the best option. But for someone financially savvy, it has ALWAYS been true that you'd have more money overall after 30 years by taking a 30 year and investing the difference vs taking a 15 year and waiting to invest. It's basic math and historical data. I'm not saying you should have a mortgage when you're 70, but it makes zero sense to forego funding a Roth IRA in your 20s and 30s, or maybe even your 40s when you have a locked in 4% mortgage interest rate and could be getting a tax free 10-11% rate of return somewhere else. Even cash is paying more than most peoples mortgage interest right now. Why give up liquidity and opportunity cost for a false sense of security? It's flat out financially less optimal and has less room for error. You can go find plenty of case studies on this, like I said. And, like you mentioned, it's entirely possible to pay the 30 year mortgage off early IF IT MAKES SENSE. But the point is that having OPTIONS is always better than not having them. You can't eat a house.

[@justthebrttrk]

@@TheSchaef47 also, you're completely missing the math behind the fact that "saving on interest" doesn't matter if you can get a better rate somewhere else. You just described opportunity cost. You're sacrificing growth for what you think is security, even though it actually isn't. Because having more liquid wealth and more TOTAL wealth period is a much greater safety net than your perceived "security" of being closer to having your house paid off.

[@justthebrttrk]

@@TheSchaef47 I'm not able to see my other comment for some reason, but I would encourage you to explore case studies comparing a 15 vs 30 year with investing the difference. Dave is great for getting out of debt but his wealth accumulation advice is pretty awful if you're even remotely involved in your personal finance journey.

[@texasboy5117]

After we paid the house off we saved 27% of our gross income for years. Now retired we spend big bucks traveling the world, spending most of the interest.

[@immaculatesquid]

hopefully youre still in good enough shape to enjoy it

[@texasboy5117]

@@immaculatesquid I think I have about three years of heavy travel before we slow down. We have been blessed!

[@sambros2]

@@texasboy5117 anyway since your retired you can now look after your health better and go to the gym

[@tsm3479]

I followed the plan, now I'm a billionaire and discovered life in outer space.

[@cheesemccheese5780]

lol

[@soccerbruh69]

We've found Elons secret account

[@rbellamy804]

Elon Musk, that you?

[@darrylreberio4933]

Thanks you Mr Ramsey, I didn’t know your baby steps theory, I have made lots of mistakes before hearing you in the last few days, today I went and closed my home loan, I’m from India and home loans are in excess of 8% minimum, Wish I would have followed you much much earlier 🙏

[@Spahi77]

Was waiting for a GEICO commercial

[@CaseyBurnsInvesting]

If you invest more you can always convert those investments back into cash to pay off the house. Either way, it’s a good problem to have.

[@josicava5204]

Excellent advice.👍

[@jeremiahmeade710]

No, you can't always convert those investments back into cash. Investments are another form of gambling, and, in gambling, sometimes you win and sometimes you lose. When you lose, you lose money, money which cannot then be converted to cash.

[@craw_daddy97]

@@jeremiahmeade710 Agreed. Unless you’re holding investments long term, liquidating those for cash is extremely risky in the short term.

[@schuylergeery-zink1923]

A 10 year early mortgage repayment, yes. But also you pay more in interest on the front end, so maybe it’s best to just pay off the house ASAP…

[@patricksanden3575]

Really enjoy hearing more of the history behind it all. I would love to see more videos like that .

[@InvestToLive]

Agree, very interesting.

[@theflyingsmiley01]

I did some basic digging and I found out that the IRS allows me to contribute a maximum of 6k per year to a ROTH IRA. I got the bright idea to do more than 30% for about two paychecks. Then for the rest of the year only contribute enough to still take advantage of my employer's matching benefit. What this does is load my IRA up at the first part of the year and then get the matching for the rest of the year.

[@matthewmaurin9054]

Are you talking about an IRA or a 401K? Cause you can’t contribute to an IRA through an employer. You’re probably talking about a 401K which has a $19,500 limit and yes you can put it in as Roth if your employer allows it. So you can max both a Roth IRA and a Roth 401K so combined you can put $25,500 into Roth accounts a year.

[@HoustonTom]

The percentage depends on your income. The more you earn, the higher the percentage. 15% at $40K income is fantastic. 15% at $200K income is not enough.

[@TeKnoVKNG23]

You absolutely should invest more than 15% if you are able to do so. I get that Dave is steadfast in his plan, but you can absolutely tailor it to your own situation, especially if you are playing catch up. There are people in their 30s-40s getting debt free with hardly anything in retirement, they need to be putting way more than 15% in.

[@alexc5369]

No point getting to retirement with a mortgage, agree with Dave 15% whilst knocking out the mortgage, then scale it up to suit

[@PN-ve9lf]

I feel that way too.

[@jay215215]

If u listen they saying u can do more than the 15% once your mortgage n stuff is paid off

[@robby95036]

@@alexc5369 yes but most people could take out a 30 year mortgage and have it paid off for retirement and the reduced cashflow to the mortgage means they could have been investing sooner (compounding growth!). Dave's advice is meant for people with no self control and locking money away in their home is the only thing that forces them to not take the money out or waste it.

[@susiem.2068]

​@@robby95036I wouldn't risk having a loan for longer than necessary. We're living through crazy times ! There's nothing to say that we won't live through another recession, another pandemic, that we won't loose our jobs, get sick or need to take care of a loved one that has gotten sick. I believe in reimbursing the loans (especially those without fixed rates) as fast as possible.

[@Shultz4334]

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Do you suggest I invest in real estate, stocks or Gold?

[@Curbalnk]

A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.

[@greekbarrios]

@bastianrusso Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me

[@kashkat987]

@@greekbarrios Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

[@kansasmile]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@sev7nnn]

​@@greekbarriosbot

[@corporalcd1701]

Thoughts on investment percentage working a full time job not paying rent?

[@damondiehl5637]

Same baby steps, just skip the one about paying off your mortgage.

[@roycenedeleff1817]

I saved 3000 dollars for my emergency fund. And glad I did. Gave me extra stability and 1,000 isn’t enough anymore. 3,000 dollars works perfect. I raised my retirement fund to 15% while I knock out the debt.

[@brentos96]

Thinking of doing that. I had a car repair bill in February, we "re-stocked" our emergency fund March 1st, and mid march it was depleted again with a Vet Bill, we re-stocked it again at the start of April, and mid April there was another unexpected emergency...we then re-stocked the emergency fund for the first month in a row come May, and thankfully everything has been good so far...but for that three month period, we were paying minimal on our debts. If I had $3000 at the start of February, I would be able to keep paying debt as normal, because I wouldn't feel as paniced to fully re-stock my emergency fund, and I would likely have my $1500 Master Card already paid off, instead of getting back into the snowball at the start of June.

[@roycenedeleff1817]

@@brentos96 $3000 is that way to go. I’m even thinking of raising it to 5000

[@bighands69]

@@roycenedeleff1817 The purpose of the $1000 is to get people started. You would be surprised at how many people out there have bad finances.

[@johnthicks8568]

I will never look at Tom Cruise the same 😄🤣