You look like you know what you are doing. Please l'm plan on retiring next year with $800K. Any advice on how to implement your strategies to maximize it on retirement ?
As a beginner, access to reliable information is vital to succeed, so also is professional guidance. That's where a CFP comes in. Have you considered working with one?
"You need somebody to love you well and walk beside you and we are just those kind of folk" - Love this! I am sure the caller needed to hear that, and needed to feel that from someone.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
’'Rebecca Nassar Dunne’’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
“Rebecca Nassar Dunne” has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I must have not listened properly but I heard she has these massive bills because she continued to collect SSI whilst working. If that’s that case, she has bought this on herself by defrauding the system when she went back to work. I know it’s difficult to have taken the drop, but she didn’t drop anything when she should have. Nice of DR to help, but it appears she was dishonest and this is what happens. Sadly she would have been better off staying on SSI and her pension
Going into retirement without debt has proven to be an incredible blessing. We don’t have to worry about money anymore. We were not rich folks, we just wanted no debts.
My target retirement fund in my 401(k) had poor returns compared to the S&P 500. I switched everything to the S&P 500, but I regret not doing it earlier. What are the best options for investing $200k for reliable cash flow?
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed shortly.
sad situation all around. She wasn't losing money by working but she disqualified herself by working, unfortunately, and now she is in a heap of serious trouble by not reporting her income
@@rsafree1139 Well but she seems to have had issue for almost 17 years since her accident!!!!! It is a very bad situation!!!!! She is lower income and I am glad she had/has something but......
Hey you could pay it off for her. She stole from the taxpayers. She started working and "forgot ;to tell SS. So you are wesoem to pay the taxpayers back for her.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I’d be retiring or working less in 5 years, and only curious to know how best people split their pay, how much goes into savings, spendings or investments? I earn around $200K per year but nothing to show for it. I'm considered HENRY (High Earner Not Rich Yet)
consider financial planning, don't be a marketing niche for luxury brands like Gucci and Tag Heuer without having your income reproduce more money for you
I’m quite lucky exposed to personal finance at an early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 amid covid-outbreak, and at once hired an advisor to help stay afloat. As of today, my portfolio has yielded over 300%, just about 10% shy of $ 1m. Stay motivated friends
I've shuffled through a few advisors in the past, but settled with ''Sophia Verdekal O'neal. You'd most likely find her basic info on the internet, she's well established with over two decades of experience.
thanks for sharing, I must say Sophia Verdekal O'neal appears to be quite knowledgeable.. curiously copied and pasted her full name on the web and at once came across her consulting page, no bs!
You do pay tax on social security disability benefits, up to 85% of benefits are taxable if your total joint or individual income is over the tax-free threshold. The thresholds are so low that any if not most social security recipients end up paying tax on 85% of their SS benefits, including SSI and SSDI.
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a bitcoin from just a few months ago and now they are multi millionaires..🇺🇸.
Hello How are you earning such monthly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe I can still make it someday. As a beginner how do I go about investing into Crypto!.
I am 52 years old. I reached my first $100K in just 3 months. I started with $20K investing in Bitcoin ETFs and other dividend income. My medium-term goal is to grow my money by investing forever in my business and my children.
This year I reached 100 thousand invested in Bitcoin ETFs and other dividend income, it was exactly 1 year and 4 months, I already accelerated to reach 200 thousand, I think I will reach the goal sooner
Hint: MOVE OUT OF NEW YORK CITY! I'm 65 and don't have a lot but I had to move away from where the prices were so high. 5:00, I am pretty sure SSI is Supplamental Security Income not disability.
My sister screwed over social security (or tried to) , she got caught, she and her husband had to start paying off thousands back to ss. She died leaving him with the debt.
Decades of bad financial decisions cost a lot more when you're older and no longer want to work. This didn't just happen in a few years and I wish we got a breakdown of the debt. I wager it's majority non-irs/government benefit related.
I agree. Many of my friends/acquaintances are in their 60s. Most are in great shape financially, but four are in dire straits money-wise. The four who are in dire straits didn't get there overnight. They made poor financial and career decisions for decades. Unfortunately, at their age, there is insufficient time to take enough corrective action to remedy their situation. I'm 67 and retired with zero debt and an eight-figure net worth. Fortunately, I made some good decisions throughout the decades (I made some clunker decisions too): established IRA and non-IRA brokerage accounts in my 20s, contributing to them aggressively and consistently; always worked full-time-plus; secured positions with more responsibilities and higher pay before eventually starting my own firm; lived very frugally; and never succumbed to lifestyle creep. I feel very fortunate to be financially stable.
$10k is no longer enough to retire even in a LCOL area. Should definitely start expanding our horizons... !!how can i get a good trade to increase my money to 1MM$
The market will always undergo changes and various challenges, so if you want fo reach your goals of $1Million, you have to be really focused and do your due diligence. Also having a financial consultant can be
😇Great stuff ! I'm a retired sales retailer, I started investing last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 55. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!
I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends
I’ll be kind to leave just his name here ''Glen Howard Chester'. He's a renowned figure in the financial sector with over two decades of experience and an aum of over 500m usd.. I'd suggest you research him further on the web.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
“No matter how good you’re feeling, don’t work.” BAD advice Dave! We should all attempt to work if possible. It’s about the BALANCE of work and collecting disability. Work and then REPORT those earnings. If someone has the capacity to work- they should.
I think he was saying that in the context of the person that had MS and ended up dying. It’s a bad idea for someone who has a progressive/chronic disease to lose their disability benefits because they had one good day.
These are extremely useful rules for anyone looking to grow rich. Unfortunately, the majority of individuals that see this video will be unable to implement the ideas. We may not like to acknowledge it, but as Warren Buffett famously stated, investing is like any other profession: it takes a certain amount of knowledge. It's no surprise that some people are losing a lot of money during the bear market, while others are profiting by hundreds of thousands. I'm just not sure how they do it. I now have around $570k to invest in the market.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
Agreed, a lot of folks downplay the role of advisors 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.
'Stacy Lynn Staples' , is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
It sounds like this lady committed fraud. And she's in this much debt but yet she was literally bringing in a lot of money while she was working and collecting the disability check. She brought this on herself. This is the problem with people.. and then she still thinks that she wants to live alone or to get her own place. But yet she's living with a friend for $350 a month LOL. She still wants luxuries by wanting to live alone.
I am on SS Disability and I added with the last company I worked for an additional disability insurance and I make less than 3600 a month!😖 not my $65,000 a year!😣
I can relate some from this. I had congestive heart failure-stage 3-that took me 6 months to recover from. I’m about fully recovered and work full time again. I’m in better shape than her, but it’s still a climb…
People are too quick to decide that they “can’t work” due to an acquired disability. I was born disabled, didn’t walk until I was 12, and I have worked since I was 17. I had a totally blind supervisor who made high six figures. I’ve never received a dime of government assistance. Able-bodied people are far too sympathetic in their attitudes towards people who use disability as an excuse not to work. Millions of disabled people work every day. And, millions more would love to work if able-bodied people didn’t write them off as unemployable.
Same with my younger sister. She's bling but she works from home as a data entry admin and the company have been absolutely fantastic and accommodating towards her. She's never collecting a dime off the government even though she's entitled to
I agree but, in her defense, she had to learn to walk again in her 50s. That's different from living your whole life with a disability and learning how to adapt and overcome obstacles over the decades of living.
There is a back to work challenge period (mine was a year) where you can double dip. It requires you to communicate with SSI but they encourage people to go back to work if they can.
She was getting SSDI not SSI. They are both disability programs from Social Security. One is based on your work history SSDI, the other SSI is based on need AKA of Federal welfare program. Just for clarity... Also for clarity, SSDI is federal income taxable. SSI is not because it is federal welfare. SSI pays between $800 and $900 a month only. SSDI pays a similar amount to your full retirement age benefit but they pay it early because you became disabled.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Victoria Louisa Saylor* is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
These are really tough calls when somebody has clearly had a very difficult lot in life. But at the same time they've chosen to knowingly do things that are just wrong. In this case disability fraud. Unfortunately sometimes people compound misfortune with being their own worst enemy often I think because of deep seated anger because of their bad luck
@@derekd1510Well, living in a “glorious sanctuary city” where they treat the illegals better than their citizens is great advice too😂 And they just keep on voting for their own demise and crying about how it’s not working out for them 😂😂😂😂
Depends if she reported her full time job/earnings to Social Security. Potentially could qualify for a waiver of the overpayment if she did and Social Security failed to stop her benefits.. A lot of people fail to report that they went back to work and still continue to collect the disability payments. Which results in a large overpayment owed back.
When you get on SSDI it’s clearly explained the process of going back to work. You don’t accidentally get overpaid 50K. She was hoping to not get caught working.
@@larrybarbee4916 Well but some people will try for support even if it would be better not to. AND many don't understand not getting something is ok because the consequences of getting into stuff surrounding it are not worth it.
What is a coach going to be able to do to reduce that debt? If she was fraudulently claiming disability, she is going to have to pay back the money. She's lucky that's all she has to do and she isn't facing criminal charges.
I’m guessing coach is a catch all in this instance. She needs a disability lawyer. Idk the specifics of her case but I know SSA policy and if she returned to work while receiving benefits they would have started her on what is called a Trial Work Period (TWP). Essentially it is several months of working (up to a year) where you can work over what the government deems as Substantial Gainful Activity (SGA), and test to see if you are capable of working again. She would have been receiving correspondence about all of this letting her know what months they were counting towards, she would get a pamphlet literally titled “Working While Disabled, How Can We Help” and she should try to find all those correspondence and give it to the coach they will be providing her.
@@thomasdalton1508 they sometimes prefer to settle the debt for a smaller amount they are garanteed to receive, instead of going for the full amount and risk not getting it, if the person is struggling to pay.
@ mistakes are possible so having a disability lawyer familiar with the program could make sure there was no error in the face of evidence with timeframe of eligibility. Could argue when TWP started and what months count. Start date of when she started earning SGA. If there were any Unsuccessful Work Attempts, subsidies/accommodations, impairment related work expenses, etc. Without case specifics idk what, if any of the above apply, but that is why it is important they are offering her their services and they are doing it on their dime. I think there is a lot they could potentially do to help reduce what she needs to repay once they have all the details and facts.
I’ve ended up in a similar position. I feel for the caller. I got scammed online. Asked for a full refund and they wouldn’t return my money. Now I owe debt. I never bought anything, I cancelled this medical procedure and they were supposed to send me a full refund. I am not able to pay it back. I am on disability and I will be lucky if I ever manage to work part-time. What should I do?
My bank says it too late to dispute it unfortunately. Scammy Operations told me to wait for a refund and to give it 30 days. And that’s exactly when it’s too late to dispute it with the bank - after 30 days the bank won’t accept and fraud reports. So it’s a setup. I’ll have to take care of it now. They won’t send me my refund.
I'm in the same situation. I'm hurting big time and can't afford the snowball affect. I'm paying a consolidation firm for my credit cards because it got to a point where I couldn't pay for them each month. I owe a payday loan that's $4000 and now they started garnishing my paycheck. I'm trying to find a part time job to help me pay off some loans and bills. I moved out of my apt and moving into my brother-in-laws brother's house and renting a basement from him. It'll be cheaper for me and help me catch up on my bills. It's so embarrassing and I feel ashamed that at 56 I have nothing to show for.
@@KnowledgeIsComfort I know. They are the worst with ridiculous interest rates. I had no choice in the matter. I was stuck had a low credit rating and couldn't get a proper loan from my bank. I had to pay for school and then got behind on bills so I had to get another loan to pay them off. It's a trap and I've been paying the consequences more than ever.
I can’t think of many people who haven’t experienced some form of financial stress. You’ll be okay I’m sure. Just stay on course and everything will work out.
@@MargaretGSmith-c1q Thank you. It's going to be a rough ride but I'm hoping to work some more so that the garnishment can take more money out so that it'll be paid in a shorter time. The other bills isn't as high but it puts a damper on my check. It'll get paid and then I'll be ok. The hard part is I need to save more money to have cataract surgery on my left eye. That's not cheap even though my insurance is paying half of it.
She’s probably living in low income housing of some kind if she’s living in NYC on less than $60K. “Living with a friend paying $345” strikes me as “my friend is illegally subletting her Section 8 to me”. But I hope I’m wrong!
I lived in manhattan on $30k in the 2000s. No section 8 or NYCHA or rent stabilization needed, market rate 1BR apt. My gf qualified for food stamps for her first job, we ate OK from Whole Foods. Her second job she got to take home day-old sandwiches/bread and that was some of the best eating ever. Great times being young with the future to look forward to. Would be a different vibe as a disabled staring down 60 with negative NW
She's lucky they didn't try to make it retroactive to the beginning of her disability. Some disability programs consider any return to work or return to a certain occupation the equivalent of you were never disabled to begin. with
@@tjbalistic “if you don’t save for retirement and can’t pay rent when you are too old to work, where do you live?” (Long pause as caller does not answer)
I TRULY believe you can bounce back with hard work and high discipline. It's not easy but it can be done. Being single does makes it harder since you only have one income. It took my husband and I 20 years to get him out debt and get ahead financially enough to save for retirement but we did it.
I wonder if this caller will follow thru on Dave’s advice. It’s such a huge lifestyle change to start saving-investing aggressively to have money for retirement
No one gets 4k from social security disability, average is 1500. The government is ruthless. They will take their money from her even if she can’t afford to eat. Mistake was going back to work.
The mistake she made was not following the rules. When you go on SSDI it’s clearly explained to you the steps to follow when returning to work. She was hoping to not get caught working.
@@BrentTate-py5ox actually, if you are on SS (retirement or disability) you can only earn a very small amount and continue to receive benefits. She earned over the allowed amount and apparently didn’t report the income. That was super silly of her. Better to learn to live on the benefit. She had a horrible medical situation.
@sobeit3356 I assume the 16-25 year old group aren't thinking about retirement they thinking about having fun and spending lol. I only started around 26 and that was because my mother advised me too
Most Americans don’t have $400 in their savings account. Most think “I’ll retire and live on my social security”, albeit, most are not very smart financially
She's getting SSDI. It's likely not 4K. She's going to have a tough time making it on 50K in NYC and trying to pay back even part of this. If she can negotiate a low payment plan with the IRS that would help.
Haye to bust your bubble but SSI maxes out at like $974 a month lol... SSDI maybe a little more, but SSI isnt over a grand a month.... No way in heck was she getting 3-4 grand a month form SS ANYTHING....
Social security overpaid, and now they want their money back? It is their own fault that they over paid. She does not need any coach. She needs a social security lawyer. In NYC, you can receive SSDI and work at the same time.
Yes you can still work HOWEVER you cannot make more than around 1500 a Month. Which is barely anything. So it’s just better to collect the SS check and so under the table work.
A person on SSDI can work however it’s your responsibility to follow the rules!! When you go on SSDI you receive all the information you need to understand the process of going back to work. There is no excuse for receiving over 50K in overpayment.
@ yea. They do give explicit directions. But it’s so exhaustive to deal with them. Hard to get a hold of on the phone. And long waits in the SS office. But that’s not an excuse.
There are so many people out there scamming social security it's not even funny. I have a family member who's been doing it for years with no real disabilities, just being obese. Social Security gives out disability way too easily. They need to start being really strict about handing out benefits for a lifestyle choice like eating too much.
@RealMTBAddict I know an obese person who has back pain so they get disability. The have back pain because they're obese, and they're obese because they eat junk food, didn't exercise, and just sat around watching TV. We taxpayers also pay for their medical care, which I'm sure is expensive.
@@zvmZvm0102 My late father actually told me to apply for SSDI because I was depressed lol. I said no, I'm not going to be dependent on the government forever. Now I'm happy and living in my own house. Working as a concrete finisher Journeyman.
5:28 @@RealMTBAddictI have a family member doing the same thing, I don't say anything to this individual, but I have really lost ALL Respect for this person.....
That’s the fine sanctuary, blue cities for you and our current, fraudulent administration for allowing MILLIONS to waltz right on over here on our dime😡
@@lombardo141using tax codes to your advantage isn't fraud. Telling the government you are disabled to get a check as you are working is fraud. If you think Dave Ramsey isn't using all the same tax loopholes to protect his hundreds of millions of dollars you are a silly goose.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
It won’t help and will just sink her more into debt because SS has their own very good, experienced attorneys to fight fraud. She will not win since it’s fraud and wasn’t an accidental mistake
Here in the Netherlands also. And otherwise they do a wage garnishment via a court/judge. No escape.... The best is to propose a pay back amount per month.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Miller
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
An illness can devastate any financial plan. I feel for this lady.
The sad thing is she should have stopped the disability checks when she went back to work. It is very clear when you receive them
In the US, definitely. Greatest country in the world my ass.
@@SuitedConnectors She stole from the tax payers. She owes that money back, and should probably be in jail.
I don’t sympathise I’m on a disability pension I got into investing in crypto & stocks .. I dont sympathise with idiots
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
I respect Ramsey for having a heart for people
OK sure, but she is a criminal. She stole from the taxpayers.
Yeah, that's why he voted for the party that hates immigrants who are just trying to have better lives. What a super nice "Christian" guy🤣
@@Craig-g3nyou are extremely out of touch if you think that’s what the Republican Party actually stands for
@mistermancnill9922 He will have a rich reward in heaven. And that's just for what we see. I know he's been even more generous off the air.
@bigtexas517 consider sir that you are the one who is out of touch. It's a major plank of Trump's plans
She is never going to be able to retire !
Thank Ramsey for helping this lady,pray she will be OK.
Going into retirement without debt is such a blessing.
With my retirement funds of $980k, l've started exploring catch up contributions and automated my transfers to make saving easier
You look like you know what you are doing.
Please l'm plan on retiring next year with $800K.
Any advice on how to implement your strategies to maximize it on retirement ?
As a beginner, access to reliable information is vital to succeed, so also is professional guidance.
That's where a CFP comes in. Have you considered working with one?
"You need somebody to love you well and walk beside you and we are just those kind of folk" - Love this! I am sure the caller needed to hear that, and needed to feel that from someone.
Dave will have a rich reward in heaven. And that's just for what we see. I know he's been even more generous off the air.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@michaelschiemer3 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
’'Rebecca Nassar Dunne’’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
“Rebecca Nassar Dunne” has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Nice helping hand from Dave here.
He will have a rich reward in heaven. And that's just for what we see. I know he's been even more generous off the air.
She stole from the tax payer. I don't get why he's helping her.
God Bless you Mr. Ramsey for wanting to help this caller. 🙏💕
Thankful for Dave helping this lady.❤
I must have not listened properly but I heard she has these massive bills because she continued to collect SSI whilst working. If that’s that case, she has bought this on herself by defrauding the system when she went back to work. I know it’s difficult to have taken the drop, but she didn’t drop anything when she should have. Nice of DR to help, but it appears she was dishonest and this is what happens. Sadly she would have been better off staying on SSI and her pension
Exactly. SS does NOT play about this kind of fraud
You heard correctly
You’re wonderful, Dave! ❤
Going into retirement without debt has proven to be an incredible blessing. We don’t have to worry about money anymore. We were not rich folks, we just wanted no debts.
My target retirement fund in my 401(k) had poor returns compared to the S&P 500. I switched everything to the S&P 500, but I regret not doing it earlier. What are the best options for investing $200k for reliable cash flow?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of 5%.
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed shortly.
pls how can I reach this expert, I need someone to help me manage my portfolio
Sophia Irene Powell}. Just search the name. You’d find necessary details to work with to set up an appointment.
sad situation all around. She wasn't losing money by working but she disqualified herself by working, unfortunately, and now she is in a heap of serious trouble by not reporting her income
That’s the way it should work
@@rsafree1139 Well but she seems to have had issue for almost 17 years since her accident!!!!! It is a very bad situation!!!!! She is lower income and I am glad she had/has something but......
Hope the lawyers can work something out. Glad Ramsey helped her with a lawyer ❤
Does RAMSEY provide a lawyer, or a financial advisor type person?
Hey you could pay it off for her. She stole from the taxpayers. She started working and "forgot ;to tell SS. So you are wesoem to pay the taxpayers back for her.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I’d be retiring or working less in 5 years, and only curious to know how best people split their pay, how much goes into savings, spendings or investments? I earn around $200K per year but nothing to show for it. I'm considered HENRY (High Earner Not Rich Yet)
consider financial planning, don't be a marketing niche for luxury brands like Gucci and Tag Heuer without having your income reproduce more money for you
I’m quite lucky exposed to personal finance at an early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 amid covid-outbreak, and at once hired an advisor to help stay afloat. As of today, my portfolio has yielded over 300%, just about 10% shy of $ 1m. Stay motivated friends
@@Marquis-9 this is awesome! mind sharing advisor basic info please? in dire need of financial planning for my eventual retirement
I've shuffled through a few advisors in the past, but settled with ''Sophia Verdekal O'neal. You'd most likely find her basic info on the internet, she's well established with over two decades of experience.
thanks for sharing, I must say Sophia Verdekal O'neal appears to be quite knowledgeable.. curiously copied and pasted her full name on the web and at once came across her consulting page, no bs!
You do pay tax on social security disability benefits, up to 85% of benefits are taxable if your total joint or individual income is over the tax-free threshold. The thresholds are so low that any if not most social security recipients end up paying tax on 85% of their SS benefits, including SSI and SSDI.
In my experience if your household income is high enough for your SSI to help taxed, you probably don’t even qualify for SSI.
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a bitcoin from just a few months ago and now they are multi millionaires..🇺🇸.
Hello
How are you earning such monthly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe I can still make it someday. As a beginner how do I go about investing into Crypto!.
I am 52 years old. I reached my first $100K in just 3 months. I started with $20K investing in Bitcoin ETFs and other dividend income. My medium-term goal is to grow my money by investing forever in my business and my children.
This year I reached 100 thousand invested in Bitcoin ETFs and other dividend income, it was exactly 1 year and 4 months, I already accelerated to reach 200 thousand, I think I will reach the goal sooner
How did you achieve this in a short period of time?
I would appreciate some advice please A. I am new to investing in stocks/cryptocurrencies. Can you guide me how to do this?
Hint: MOVE OUT OF NEW YORK CITY! I'm 65 and don't have a lot but I had to move away from where the prices were so high. 5:00, I am pretty sure SSI is Supplamental Security Income not disability.
She pays $375 in rent, easy to make that work on $50k. But a hard life as a disabled person, with all the stairs and walking in NYC.
She pays $350 a month in rent. That’s a godsend itself. Moving would only make the situation worse.
Trump won so she’s screwed
@@drtij_dzienzshe is living with a friend and it does not sound like this is a permanent situation.
My sister screwed over social security (or tried to) , she got caught, she and her husband had to start paying off thousands back to ss. She died leaving him with the debt.
These calls always amaze me.... "I'm 2 months from retirement, I have $150k in debt and I'd like to start to save and get ready to retire."
😂😂😂
I mean they need help so they call. What's so amazing?
@@ClaxtonBay123That they think they are retiring with that much debt.
@@kdi9049 Nah they just need a plan. It's not going to look like they want it to look, but at least they're reaching out.
This sounds like bad choices man
God Bless you Mr.Ramsey 🙏 for helping this lady. Praying she will be ok 🙏
❤ Ramsey. I love this. That was amazing God bless you
Oh so nice of you Dave Ramsey
Decades of bad financial decisions cost a lot more when you're older and no longer want to work.
This didn't just happen in a few years and I wish we got a breakdown of the debt. I wager it's majority non-irs/government benefit related.
I agree.
Many of my friends/acquaintances are in their 60s. Most are in great shape financially, but four are in dire straits money-wise.
The four who are in dire straits didn't get there overnight. They made poor financial and career decisions for decades. Unfortunately, at their age, there is insufficient time to take enough corrective action to remedy their situation.
I'm 67 and retired with zero debt and an eight-figure net worth. Fortunately, I made some good decisions throughout the decades (I made some clunker decisions too): established IRA and non-IRA brokerage accounts in my 20s, contributing to them aggressively and consistently; always worked full-time-plus; secured positions with more responsibilities and higher pay before eventually starting my own firm; lived very frugally; and never succumbed to lifestyle creep.
I feel very fortunate to be financially stable.
The numbers she provided were that she owes SSI $52k and IRS $17k, that's $79k out of a total $87k , ~91% government.
$10k is no longer enough to retire even in a LCOL area. Should definitely start expanding our horizons...
!!how can i get a good trade to increase my money to 1MM$
The market will always undergo changes and various challenges, so if you want fo reach your goals of $1Million, you have to be really focused and do your due diligence. Also having a financial consultant can be
😇Great stuff ! I'm a retired sales retailer, I started investing last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you
Good to hear such, But getting one is easier said than cone. If its not too much to ask, do you know any legit ones?
I'm thrilled at the prospect of learning from a coach like Adriana Katherine
5:00 SSI and SS Disability are different things
Thank you! I was getting ready to inform the same.
Yes, people just don't pay attention to the differences.
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 55. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!
I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends
@brianmurphy-j4h Impressive! your advIsor must be top notch, mind sharing more info please? in dire need of proper asset allocation
I’ll be kind to leave just his name here ''Glen Howard Chester'. He's a renowned figure in the financial sector with over two decades of experience and an aum of over 500m usd.. I'd suggest you research him further on the web.
I looked up Glen and found his consulting page. I’ve got to say his credentials are truly impressive! I've scheduled a call to discuss further
Amen amen amen Sooo nice Dave is helping this lady.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
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
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
“No matter how good you’re feeling, don’t work.” BAD advice Dave! We should all attempt to work if possible. It’s about the BALANCE of work and collecting disability. Work and then REPORT those earnings. If someone has the capacity to work- they should.
I think he was saying that in the context of the person that had MS and ended up dying. It’s a bad idea for someone who has a progressive/chronic disease to lose their disability benefits because they had one good day.
These are extremely useful rules for anyone looking to grow rich. Unfortunately, the majority of individuals that see this video will be unable to implement the ideas. We may not like to acknowledge it, but as Warren Buffett famously stated, investing is like any other profession: it takes a certain amount of knowledge. It's no surprise that some people are losing a lot of money during the bear market, while others are profiting by hundreds of thousands. I'm just not sure how they do it. I now have around $570k to invest in the market.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
Agreed, a lot of folks downplay the role of advisors 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.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
'Stacy Lynn Staples' , is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thank Mr. Ramsey❤
It sounds like this lady committed fraud. And she's in this much debt but yet she was literally bringing in a lot of money while she was working and collecting the disability check. She brought this on herself. This is the problem with people.. and then she still thinks that she wants to live alone or to get her own place. But yet she's living with a friend for $350 a month LOL. She still wants luxuries by wanting to live alone.
I am on SS Disability and I added with the last company I worked for an additional disability insurance and I make less than 3600 a month!😖 not my $65,000 a year!😣
Ramsey is the man. difficult situation for this lady, hope it works out.
Yes they can definitely help her !
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Sonia Duke 🙌🏻
Investing $15,000 and received $174,000
May God bless Mrs Sonia
services, he have changed thousands of
lives globally.
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
Can I start with as low as $1,000?
I can relate some from this. I had congestive heart failure-stage 3-that took me 6 months to recover from. I’m about fully recovered and work full time again. I’m in better shape than her, but it’s still a climb…
Glad that you’re doing better now! Did you have an emergency fund that helped you while you recovered for 6 months?
5:55 - I would love to see Dave address the "100% disability" of veterans who still work anyways.
Real
That is a full can of worms.
People are too quick to decide that they “can’t work” due to an acquired disability. I was born disabled, didn’t walk until I was 12, and I have worked since I was 17. I had a totally blind supervisor who made high six figures. I’ve never received a dime of government assistance. Able-bodied people are far too sympathetic in their attitudes towards people who use disability as an excuse not to work. Millions of disabled people work every day. And, millions more would love to work if able-bodied people didn’t write them off as unemployable.
And from many calls on here a lot of wife's have a "disability" and don't work, more like the lazy illness 😂
Same with my younger sister. She's bling but she works from home as a data entry admin and the company have been absolutely fantastic and accommodating towards her. She's never collecting a dime off the government even though she's entitled to
People get on disability for anxiety and depression these days. Urgently needs reformed
But in the callers case she even stated she had an accident and ended up in her current situation.
I agree but, in her defense, she had to learn to walk again in her 50s. That's different from living your whole life with a disability and learning how to adapt and overcome obstacles over the decades of living.
There is a back to work challenge period (mine was a year) where you can double dip. It requires you to communicate with SSI but they encourage people to go back to work if they can.
I’m disabled and they tax my SSDI every year. I also have a pension. My state doesn’t tax my SSDI but the feds do.
She was getting SSDI not SSI. They are both disability programs from Social Security. One is based on your work history SSDI, the other SSI is based on need AKA of Federal welfare program. Just for clarity...
Also for clarity, SSDI is federal income taxable. SSI is not because it is federal welfare. SSI pays between $800 and $900 a month only. SSDI pays a similar amount to your full retirement age benefit but they pay it early because you became disabled.
Dave, how do I bounce back from committing disability fraud?
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Victoria Louisa Saylor* is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
such an eye-opener! curiously inputted her name on the web and at once spotted her consulting page, she seems highly professional from her resumé
These are really tough calls when somebody has clearly had a very difficult lot in life. But at the same time they've chosen to knowingly do things that are just wrong. In this case disability fraud.
Unfortunately sometimes people compound misfortune with being their own worst enemy often I think because of deep seated anger because of their bad luck
People are usually the cause of their own problems
Meh. No worries. With Trump's tariffs we will all be millionaires next year! Thank God for Trump! Our savior!
Would you have felt sorry for her if she was white? Or would you have ripped her a new one? Asking for a friend....
100% she defrauded the system and paying the price
@@derekd1510Well, living in a “glorious sanctuary city” where they treat the illegals better than their citizens is great advice too😂 And they just keep on voting for their own demise and crying about how it’s not working out for them 😂😂😂😂
Depends if she reported her full time job/earnings to Social Security. Potentially could qualify for a waiver of the overpayment if she did and Social Security failed to stop her benefits.. A lot of people fail to report that they went back to work and still continue to collect the disability payments. Which results in a large overpayment owed back.
NYC is always checking.
When you get on SSDI it’s clearly explained the process of going back to work. You don’t accidentally get overpaid 50K. She was hoping to not get caught working.
Sorry, she most likely didn’t report the income, and it was probably intentionally
They don’t make that kind of mistake
@@larrybarbee4916 Well but some people will try for support even if it would be better not to. AND many don't understand not getting something is ok because the consequences of getting into stuff surrounding it are not worth it.
WORK AT MCDONALDS 60 HRS A WEEK TILL 90!!! THAT IS YOUR RETIREMENT
Lol😅😂
What is a coach going to be able to do to reduce that debt? If she was fraudulently claiming disability, she is going to have to pay back the money. She's lucky that's all she has to do and she isn't facing criminal charges.
I’m guessing coach is a catch all in this instance. She needs a disability lawyer. Idk the specifics of her case but I know SSA policy and if she returned to work while receiving benefits they would have started her on what is called a Trial Work Period (TWP). Essentially it is several months of working (up to a year) where you can work over what the government deems as Substantial Gainful Activity (SGA), and test to see if you are capable of working again. She would have been receiving correspondence about all of this letting her know what months they were counting towards, she would get a pamphlet literally titled “Working While Disabled, How Can We Help” and she should try to find all those correspondence and give it to the coach they will be providing her.
@rfitzpatrick723 Regardless of who it is trying to help her, what are they going to be able to do? Why would the SSA let her off any of the debt?
It’s amazing how we call out fraud among ourselves but at the same time elect a person that did that kind of tax fraud. Human hypocrisy is God tier. 😂
@@thomasdalton1508 they sometimes prefer to settle the debt for a smaller amount they are garanteed to receive, instead of going for the full amount and risk not getting it, if the person is struggling to pay.
@ mistakes are possible so having a disability lawyer familiar with the program could make sure there was no error in the face of evidence with timeframe of eligibility. Could argue when TWP started and what months count. Start date of when she started earning SGA. If there were any Unsuccessful Work Attempts, subsidies/accommodations, impairment related work expenses, etc.
Without case specifics idk what, if any of the above apply, but that is why it is important they are offering her their services and they are doing it on their dime. I think there is a lot they could potentially do to help reduce what she needs to repay once they have all the details and facts.
I’ve ended up in a similar position.
I feel for the caller.
I got scammed online. Asked for a full refund and they wouldn’t return my money.
Now I owe debt. I never bought anything, I cancelled this medical procedure and they were supposed to send me a full refund.
I am not able to pay it back.
I am on disability and I will be lucky if I ever manage to work part-time.
What should I do?
call the cops (fraud), get a lawyer and sue
@@anotherhobbitso spend more money.. with no guarantee that she’ll get any back? Riskyyy
My bank says it too late to dispute it unfortunately.
Scammy Operations told me to wait for a refund and to give it 30 days.
And that’s exactly when it’s too late to dispute it with the bank - after 30 days the bank won’t accept and fraud reports.
So it’s a setup.
I’ll have to take care of it now.
They won’t send me my refund.
@@anotherhobbit these companies operate in the gray area of the law.
They know it’s expensive to sue them, so they manage to get away with a lot.
People need to get together and file class action lawsuits against such companies.
She put herself into this hole? She was collecting money from the government and working? You can’t do that 😳? You have to let them know 🤷🏽♂️?
I'm in the same situation. I'm hurting big time and can't afford the snowball affect. I'm paying a consolidation firm for my credit cards because it got to a point where I couldn't pay for them each month. I owe a payday loan that's $4000 and now they started garnishing my paycheck. I'm trying to find a part time job to help me pay off some loans and bills. I moved out of my apt and moving into my brother-in-laws brother's house and renting a basement from him. It'll be cheaper for me and help me catch up on my bills. It's so embarrassing and I feel ashamed that at 56 I have nothing to show for.
Payday loans should be illegal. They are never a good idea 😢
@@KnowledgeIsComfort I know. They are the worst with ridiculous interest rates. I had no choice in the matter. I was stuck had a low credit rating and couldn't get a proper loan from my bank. I had to pay for school and then got behind on bills so I had to get another loan to pay them off. It's a trap and I've been paying the consequences more than ever.
I can’t think of many people who haven’t experienced some form of financial stress. You’ll be okay I’m sure. Just stay on course and everything will work out.
@@MargaretGSmith-c1q Thank you. It's going to be a rough ride but I'm hoping to work some more so that the garnishment can take more money out so that it'll be paid in a shorter time. The other bills isn't as high but it puts a damper on my check. It'll get paid and then I'll be ok. The hard part is I need to save more money to have cataract surgery on my left eye. That's not cheap even though my insurance is paying half of it.
She’s probably living in low income housing of some kind if she’s living in NYC on less than $60K. “Living with a friend paying $345” strikes me as “my friend is illegally subletting her Section 8 to me”. But I hope I’m wrong!
I lived in manhattan on $30k in the 2000s. No section 8 or NYCHA or rent stabilization needed, market rate 1BR apt. My gf qualified for food stamps for her first job, we ate OK from Whole Foods. Her second job she got to take home day-old sandwiches/bread and that was some of the best eating ever. Great times being young with the future to look forward to. Would be a different vibe as a disabled staring down 60 with negative NW
You 100% fabricated everything that you said! For all you know her friend owns their home & to help a friend out only charged her $345 month.
I really hope your wrong but no way to tell. Plus I don't want to know........
GOOD LUCK 😭
She's lucky they didn't try to make it retroactive to the beginning of her disability. Some disability programs consider any return to work or return to a certain occupation the equivalent of you were never disabled to begin. with
You are not retiring
God bless Dave
Kevin Samuels was right. It begins.
@@tjbalistic “if you don’t save for retirement and can’t pay rent when you are too old to work, where do you live?”
(Long pause as caller does not answer)
Bingo... it's just the truth.
What specifically begins? Looking for something to watch lol
@@evanater13 Whiny black women who make bad decisions lying to cover up it up and gain sympathy.
@@evanater13 Single women nearing or in retirement who do not have enough money to take care of themselves.
I TRULY believe you can bounce back with hard work and high discipline. It's not easy but it can be done. Being single does makes it harder since you only have one income. It took my husband and I 20 years to get him out debt and get ahead financially enough to save for retirement but we did it.
I wonder if this caller will follow thru on Dave’s advice. It’s such a huge lifestyle change to start saving-investing aggressively to have money for retirement
What a blessing
That’s nice Mr. Ramsey.. poor lady
No one gets 4k from social security disability, average is 1500. The government is ruthless. They will take their money from her even if she can’t afford to eat. Mistake was going back to work.
The mistake she made was not following the rules. When you go on SSDI it’s clearly explained to you the steps to follow when returning to work. She was hoping to not get caught working.
She should have work part time lol that’s not illegal
@@BrentTate-py5ox When you work and receive SSDI they don’t look at the amount of hours you work, they look at the amount of money you make.
@@BrentTate-py5ox actually, if you are on SS (retirement or disability) you can only earn a very small amount and continue to receive benefits. She earned over the allowed amount and apparently didn’t report the income. That was super silly of her. Better to learn to live on the benefit. She had a horrible medical situation.
@@catherinewilke5583 right
Shouldnt you start planning for retirement aroudn 30-35? Especially when thats aroung the range wher wyou probably will earn the most you can?
As soon as you start working you start planning for retirement.
@sobeit3356 I assume the 16-25 year old group aren't thinking about retirement they thinking about having fun and spending lol. I only started around 26 and that was because my mother advised me too
Most Americans don’t have $400 in their savings account. Most think “I’ll retire and live on my social security”, albeit, most are not very smart financially
She's getting SSDI. It's likely not 4K. She's going to have a tough time making it on 50K in NYC and trying to pay back even part of this. If she can negotiate a low payment plan with the IRS that would help.
Haye to bust your bubble but SSI maxes out at like $974 a month lol... SSDI maybe a little more, but SSI isnt over a grand a month.... No way in heck was she getting 3-4 grand a month form SS ANYTHING....
I need to be here this
I love how everyone outside of New York think New York City is only manhattan 😂. 1:34
I said the same thing. There are 4 more boroughs to nyc
@@choonkiearen’t there 5 burroughs?
@ yes. Hence why we said four more than just manhattan.
They did not say Manhattan.
I got to admit, I’ve NEVER heard anyone say “downtown NY”. 😅😅
Why does he keep interrupting her? Let her finish answering the previous question first.
He interrupts every one especially the co hosts
Social security overpaid, and now they want their money back?
It is their own fault that they over paid.
She does not need any coach. She needs a social security lawyer.
In NYC, you can receive SSDI and work at the same time.
Yes you can still work HOWEVER you cannot make more than around 1500 a
Month. Which is barely anything. So it’s just better to collect the SS check and so under the table work.
A person on SSDI can work however it’s your responsibility to follow the rules!! When you go on SSDI you receive all the information you need to understand the process of going back to work. There is no excuse for receiving over 50K in overpayment.
@ yea. They do give explicit directions. But it’s so exhaustive to deal with them. Hard to get a hold of on the phone. And long waits in the SS office. But that’s not an excuse.
@@dawnr6381
Its still messed up though, SS is money you paid into for, so it should be your right to collect on it, working or not.
@@dawnr6381 It's NYC. Do they give you the correct information?
The disability benefit thing sounds very complex, especially with the numbers.
You can't work full time and still collect Social Security. She needs to pay the money back. She essentially stole that money.
There are so many people out there scamming social security it's not even funny. I have a family member who's been doing it for years with no real disabilities, just being obese. Social Security gives out disability way too easily. They need to start being really strict about handing out benefits for a lifestyle choice like eating too much.
@RealMTBAddict I know an obese person who has back pain so they get disability. The have back pain because they're obese, and they're obese because they eat junk food, didn't exercise, and just sat around watching TV. We taxpayers also pay for their medical care, which I'm sure is expensive.
@@zvmZvm0102 My late father actually told me to apply for SSDI because I was depressed lol. I said no, I'm not going to be dependent on the government forever. Now I'm happy and living in my own house. Working as a concrete finisher Journeyman.
@RealMTBAddict I agree. She just got caught but I'm sure many are working for cash under the table.
5:28 @@RealMTBAddictI have a family member doing the same thing, I don't say anything to this individual, but I have really lost ALL Respect for this person.....
The IRS should forgive her debt bc they paying migrants to chill in luxury hotels and food stamps and debt cards and paying NO taxes
That’s the fine sanctuary, blue cities for you and our current, fraudulent administration for allowing MILLIONS to waltz right on over here on our dime😡
Really? I have a cousin who got here a couple of months ago? Where can he apply for this free help?
She has no chance unfortunately- can hear it in her voice
God will come through ❤Everything is possible with Him . ✝️🛐💟
Defeated, no accountability, can’t win
@@drtij_dzienzI'm sure it's someone else's fault tho, lol
1:09. Dave was ready to blame the husband but it backfired because she's single.
That’s a strange take
She committed fraud 🤷🏽♀️
Oh yeah... there was so much more to this story.
Yeah she did. But since we are electing fraudsters to office now who cares 🤷♂️. You too go out and get yours 😂
Love how he didn’t call her out on it…
It would be better if they automatically checked with people every month..... but they don't.
@donaldlyons17 That could involve millions of phone calls or letters per month. The responsibility is on them to tell the government things changed.
14 years ago today one could exchange one USD for two Bitcoins. That family today is more than debt free.
Did she say 375$ a month rent i dont get it she will be over 3000 rent when she moves out i dont get it
Dave in the blazer, today! Snazzy
I’m 34. I just don’t get how someone wakes up at 57 and finally decides to inquire about fixing their mess to be ready to retire. Lol
Blows my mind.
If you work, you pay taxes. Period. Why this seems to be odd is beyond me
If you get a govt check…someone worked to give you that check
I don't think she cares where the money comes from, so long as she doesn't have to work.
It’s amazing how we call out fraud among ourselves but at the same time elect a person that did that kind of tax fraud. Human hypocrisy is God tier. 😂
@@lombardo141using tax codes to your advantage isn't fraud. Telling the government you are disabled to get a check as you are working is fraud. If you think Dave Ramsey isn't using all the same tax loopholes to protect his hundreds of millions of dollars you are a silly goose.
@@lombardo141 tds
@@silentnot4812 yeah Trump
She is a not honest person and deserve to pay back all that money , that was tax payers money, totally a cheat person.
$50K in NYC is below the poverty line even for a household of one
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
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
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
She needs an attorney too.
It won’t help and will just sink her more into debt because SS has their own very good, experienced attorneys to fight fraud. She will not win since it’s fraud and wasn’t an accidental mistake
I really hope this lady gets the help she desperately needs from the team.
Lots of people in nyc make $50k. Not everyone there is rich.
I honestly don’t know anyone who gets $3,000 per month for Social Security Disability
Pay the money back. If you were here in the UK you would be investigated for fraud madam!
She still might be in some trouble...
Here in the Netherlands also. And otherwise they do a wage garnishment via a court/judge. No escape.... The best is to propose a pay back amount per month.
SSI is the retirement.
SSA or SSI
SSI is Supplemental Security Income, Welfare
Can't believe dave used the term SSI...which stands for Supplemental Security Income. She was receiving SSDI.
Damn Dave, let the lady talk!
Marry a wealthy man or woman !!!
Gl with that at that age and finance 😂
Kevin Samuels says this is not marriage material. 😂
Dave shits on bitcoin when it’s down but will not talk about it when it’s out performing everything
How can you collect social security at 57?
Disability. Social Security Disability.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Miller
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
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Close all your comments, way too many scammers under every single video!
I Thought i had problems…. Till i listened tó Thick Call 😮😅