I'm just starting to think seriously about investing, and I'm feeling a bit overwhelmed. I'm in my early 20s, and I know I should be starting now, but I don't know where to begin.
That's a great starting point! It's fantastic that you're thinking about investing in your 20s. Time is your greatest ally when it comes to investing. The earlier you start, the more time your money has to grow through compounding. You should focus on building a strong foundation and consider factors like risk tolerance and investment goals.
I wish I had started investing in my 20s. I waited until my late 30s, and it definitely impacted my overall returns. I've since diversified my investments and have been getting free consultations from my CFA to guide me. Now, I'm on track to meet my early retirement goals, and I'm incredibly grateful for the advice I received.
Thanks for sharing your experience! I'm currently trying to learn about different investment options, but it's all a bit confusing. Do you have any recommendations for a good financial advisor? I could really use some guidance.
My CFA, Peter Dewitt Martin, is a renowned figure in his field. He specializes in helping young investors build wealth. you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial markets.
One of the most well-known people in his field is my CFA, Peter Dewitt Martin. I suggest looking into his qualifications in more detail. With his extensive knowledge, he is a great help to anyone with his free and helpful consultations.
I paid off $40k in student loans over the course of a year and a half. I put every single penny toward it since graduation. Tomorrow I get my first paycheck that I actually get to keep. It’s a crazy feeling.
@@TwistaGuy2012 the biggest help was my income and very low living expenses. I landed a job making $80k after I graduated and only had about $1500 in expenses every month. That left a lot of money on the table for debt. It was extremely hard mentally to see these massive (or at least massive to me lol) pay checks coming in and turning around to punt it all on debt, but I’m very thankful I did. It’s such an amazing feeling to actually get to keep the money you make once you don’t have debt.
Creating wealth requires cultivating positive habits, such as consistently saving money at regular intervals for worthwhile investments. Managing finances is an essential subject that many people often avoid, which can lead to challenges later on. I hope that anyone who comes across this message achieves great success in life.
Investing in alternative income streams that are independent of the government should definitely be a top priority for everyone right now, especially with the ongoing global economic crisis. Stocks, gold, silver, and virtual currencies remain appealing investment options at this time.
Becoming rich is never easy. I've tried and failed but never gave up. l've saved up some money and now I am back again but not to do it all by myself this time. I will appreciate any nice person sharing useful/good advice.
One crucial piece of advice I'd like to offer is to always have a solid investment plan in place. This includes setting clear financial goals, understanding your risk tolerance, and diversifying your portfolio.
@@BarbaraRichstone Kristin Amy Rose is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment. Wishing you all the best ! 🚀
I realize that the secret to making a million is saving for a better investment. I always tell myself I don't need new Maserati yet. That mindsets help me make more money. Last year I invested $30k in crypto and made about $234k, but guess what? I put it all back and traded again now I'm rounding up close to a million.
Same here ♥️ waking up every 14th of each month to $200k is a blessing to my family... I can now retire knowing that I have a steady income. Big gratitude ♥️ to Derek Mia Scott 🙌
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns♥️♥️
Everyone needs more than their salary to be financially stable. Best thing to do with your money is to invest it rightfully because money kept in reserved is dormant.
There's a book called Success Secrets Of The Elite, it talks about how using some secret techniques you can attract a lot of money, it's not some bullshit, it's the real deal. Great video btw
Trading without professional guide....Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
A common shred of advice I've been given by people I know that are extremely wealthy is that you'll never become a multi-millionaire solely working for someone else (i.e a 9 - 5)
And a dash of "luck." Every wealthy person can point to the exact moment in their life that opened the door for them to be where they are now. Usually, it is simplified down to "right place right time" because nobody recognizes the hard work and long hour grinds that they were making.
Hi, everyone needs a bit of luck, you could say getting bullied by my manager was my piece of luck. Without that I may still be where I was if I had not been strong enough to leave. Luck comes in all sorts of ways, you have to put yourself in a position to take advantage of it when it comes. Good luck.
Luck played a big part in my success too. I was clueless about investing until I met the right professional, and that connection changed everything. A few smart moves, and my finances took off. Right person, right time!
I've experimented with a few over the past years, but I've stuck with ‘’Kristin Amy Rose” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
This is very inspiring. I'm working on my dream and feel like am bored. My company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances? Any guidance in this regard would be much valued.
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks than putting all your in one. If your financial understanding is lacking, see a financial consultant.
Reason i decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became too much. I should be retiring in 17 months, so I've had a brokerage adviser guide me through the chaos. It's been 9 months now, and I've made approximately 650K net from all of my holdings.
Interesting. I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
The advisor am currently working with is Teresa L Athas. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
I opened an ROTH IRA at the age of 27 and put the maximum amount possible for 2024. I feel foolish for letting my life fall into order so slowly. The issue at hand is how to invest the funds most profitably in order to save for retirement
You're 27 years old. It is alright. The compound interest period has begun. To build a strong foundation and reduce risk while maximizing gain, I think all investors should begin with ETFs. From there, they should diversify across a range of asset classes and continue to invest consistently and systematically
You do not need to locate the next NVIDIA to be successful in investing. Simply choose top tier ETFs and work with a financial counselor, as I did. I turned $90,000 into $53,000 in annual dividends, which is a huge accomplishment for me today
Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well
''Aileen Gertrude Tippy'' is the licensed advisor I use. Just research the name online you will find necessary details to work with to set up an appointment
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her
Wow, $21k in emergency funds at 22? You're already ahead of the game! Now it’s time to put that cash to work. Start by diversifying your investments-think stocks, bonds, real estate. Don't just stash it under the mattress!
Nice work on the $212k stash! But remember, going solo can be risky. Consider talking to an investment advisor; they helped me turn my savings into something impressive. I found mine through a referral, and it's been a game-changer.
Finding the right advisor can be tricky. I’ve had success with a CFA I’ve worked with for years: Linda Aretha Reeves. Her performance is top-notch, and she’s highly respected in her field. Definitely worth checking out!
I often listen to people who say they've done that, however they never put great margin between income and expenses and they never put knowledge to use by taking necessary action to get rid of their debts and consistently invest in higher growth options over the years. So, they have not accumulated much to care for themselves in their latter years and to be able to give abundantly and consistently to help others.
It\'s crazy how hidden money manifestation on shirlest isn’t more talked about. It completely shifted my perspective and brought me abundance I never expected.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm
Jenienne Miniter Fagan is the same coach who has helped me a lot, she's online and you can look her up, you can schedule a call or make appointments with them
Moms, for helping people set up at the beginning of life will always be such a blessing. Never stop being grateful for what they do, and never take for granted their advices, mothers will always want the best for you.
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400k from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
@@carolynrose1816 Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Victoria Louisa Saylor ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
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.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Dave is so inspiring ❤️. Because of him, I no longer have only $20 in my bank account and no longer in debt. I’m 21 and a full time student. I work a 7-4 Monday - Friday job and play in a mariachi every weekend for extra income. Steadily, I’ve managed to save about $6000, which isn’t much, but I’ve really come a long way these past couple of months- all thanks to Mr. Dave Ramsey of course! I’m so thankful for him and his crew. I finally feel like I’m headed somewhere in life. So thank you from the bottom of my heart! ❤️❤️
Very good. At first I thought you were going to advertise a financial RUclips channel or leave a name/number of a money genius like half the people here.
@@blackworldtraveler3711 you mean Mary Smith? She is almost as good as John Dough. I made millions trading FCOJ. I tried pork belly s, but with the war on bacon........
Nice video with trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
Trading systems allow you to limit the factor of emotional influence on decision-making, as well as to give the trade a certain degree of systemic character.
Without a doubt! Shea Ardolf is a trader who goes above and beyond. She has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Investing in Bitcoin is the wisest asset to be in, not trying to shit on other stocks, it just won’t outperform Bitcoin over pretty much any long time horizon…reality over feelings!!
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Investing is key. The most common investment portfolio strategies include diversification, where you spread investments across different asset classes to manage risk.
Having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over 200k in ROI during the recent dip, highlighting that there's more to the market than we average folks know.
Seeking wealth-building wisdom, I've spent months researching investment strategies, even investing $1000 in a course that didn't yield expected results. I'm eager to learn from seasoned investors earning over $250k annually. Guidance on navigating the investment landscape, identifying lucrative stocks, and mastering entry and exit timing would be invaluable in helping me achieve financial success.
To succeed in trading, you need extensive experience and a clear strategy - something most traders lack. Without proper preparation, losses are inevitable. Key to success: identify buy/sell ratios, pinpoint market leaders, and diversify your portfolio to minimize risk. This balanced approach will help you navigate market fluctuations and maximize profits.
Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again.
You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.
Like my older cousin use to tell me when I was in my early 20's, which motivated me to save up. "If, you don't have at least $10,000 in your bank account and $10,000 in your savings/stashed away...You're going to be in trouble because life is unpredictable and you need something to fall back on. Don't ever get comfortable, keep on grinding". Now, I have something nice saved up!
In high school I had a credit card before my friends had a debit card. I was young and stupid and max them out. Paid the price when it came to paying all them off at the same time. Spent the next decade only spending what I had. 30 now with zero debt, overly blessed with my salary and still live as if I’m only making ends meet. Money is nice but doesn’t make you any happier. I wasn’t taught financial literacy but I’m grateful for people like Dave who educate and care about ones financial journey.
@@blackworldtraveler3711 that’s awesome man. I love to spend money, I’m by no means super frugal. I just don’t care about money. It’s comes and goes. I can be happy with just enough or millions.
Your videos is very inspiring and I love the work you put in towards your growth !! I am part of your viewers and I’ve been watching your videos lately. Some people now invest into crypto and get their retirement plans faster. With the right instructor and strategies you can figure out the right trading to engage in, I hope we continue to invest wisely.
Yes, it’s true, there’s been a lot of talks about investing lately, but I’m new and also curious how I can get started. Can anyone explain how to invest and how to get started?
In my opinion, investing is not about getting rich but about gaining financial independence. I rely on strategies from a source that ensures my monthly dividend
Dave, I’m 22 & $2000 away from being debt free, work full time just got a new job >$62,000 per year. I cash flow my school BSBA with a specialization in finance. I graduate June 2022. I want to take a year off after I finish my BS & then cash flow my MBA. I’m still working on my emergency fund. I live in a really expensive city and use your every dollar app. I have no kids but I have a dog he costs me about $200 a month but I love him.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
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
No doubt, having the right plan is invaluable. My portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
I love that episode. Im 22 and made 144k this year. I live at home and am finishing my MBA degree debt-free. I also am trying to build wealth. I know if I start early I will be set. Knowledge is power.
I started investing and taking personal finance seriously at 21, my god how I wish I started sooner, I can't ever look back after going into this new world & mindset
I’d do what my bro did at 20, invest, be frugal frugal frugal, and got rid of Instagram off his phone. Gets rid of seeing our peers our age with high end watches and bags takes away a lot of pressure, especially if you’re a spender.
@I. S How is it hard to believe that someone took up investing, deleted instagram and became frugal? All of those are easy to do and many people in our generation are doing it thankfully.
Excellent advice.. As someone nearly 40 (and doing quite well), i admit i do wish i'd followed similar advice years ago. Start young and start slowly/steadily and stick to it. The reason i feel like avoiding social media (or at least limiting it to a bare minimum) is ideal, is because it can affect your mental health as well as create "comparison-itis" ...
The fact that he’s majoring in finance, and he’s asking how to be wealthy is evident to how the school system pushes individuals to be great employees, instead of achieving financial freedom.
There is nothing wrong with working for someone. Financial freedom can be achieved by working at 100k a year job if you are good with personal finance.
They don’t really teach personal finance when you’re a finance major. There’s classes you can take specifically on personal finance, but there’s no major requirements for it because major isn’t typically catering towards that. Personally, you definitely get a good understand of how money works from a perspective, and have learned how loans work from physically scheduling them, to how powerful interest it, insight on how banks operate, but yeah we don’t really learn personal finance. It’s like every school jus expects you to learn on that on your own… after all a lot of them require people to take a lot of student loans out
Invest 250 or at least 100 until you can do more into mutual funds with low expense ratio like vti , or fxiax ... you can buy these funds in your roth ira ... learn how to value stocks and buy great undervalued stocks when market pull back ... watch our rich jouney they retired at 39
Watch youtube videos on FIRE movement and read the comment sections , if you have a job that matches your contributions at least put enough to get the match
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
@EricJose-hn6cfYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
my mom has blessed me my entire life i am now 18 years old and a bit lost but i know i want to retire her and make enough money to support my close family
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she 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.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
Ma'am Gillian Sara sheeran is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
That’s great. Now look into putting some of that money in a Roth IRA. Preferably with Fidelity Go. They manage your money through robo advice. Look it up and tell me what you think.
I love it , I’m not there yet but the best part is im debt free ... started college at 24 made me look stupid to family & friends but turnt out to be the best because I entered college knowledgeable, Im paying my self thru college , payment plans each semester was the BEST IDEA that could happen for college yet not to many people use it.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
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..
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.
first time I watched Dave Ramsey was in July, fast forward to today I have 10 000 Ef, 12000 in money market accounts, got my first real job (without a degree) earning 70 000 a year, and I own a small side business. Ive lost many friends, I do not go out anymore, and I am as happy as I ever been. -23 year old, living in a 3rd world country, gonna be buying my first house in cash in 4 years
If you don’t mind me asking, what job are you working without a degree making 70k because I am 25 working 2 jobs and need sustainable income. I just need direction and school doesn’t seem like a great option for me right now.
The formula is fairly simple: 1. Get a job that you enjoy. Making lots of money doesn't mean anything if you are miserable. 2. Pay yourself first. 3. Live within your means. 4. Don't be bedazzled by shiny things. 5. Don't overspend on depreciating assets (cars, boats, etc) 6. Learn about compound interest. It is like fire, it can be of great benefit and it can destroy.
The lesson this guy just learned is: don't work, go on unemployment and max it out, let your family pay for every thing else.... and you can find yourself sitting on 18 K!
Regarding a job that you enjoy: Once you get your savings/investments/budget system up and running there's really not a lot to do with it, maybe an hour a week to keep everything in track, and you will be doing that for a looong time. This means that if you have the attitude of grinding your way through it you are going to be not a very enjoyable person, to yourself or others. For such a long game it pays to have something you can keep, hence work and hobbies/interests that you enjoy. This helps you to enjoy the journey and stick with it, which is important for a 20-30 year goal. If you think you will hustle and grind for 30 years ... good luck. When I was building wealth on a low income, having work that I enjoyed, friends, social activities, and regular hobbies that I was learning gave me something to look forward to every week. I could sustain that indefinitely. Once I got my habits in place, there was really nothing to do but transfer money on payday (5min max) and I knew everything was taken care of and I needed something else to do with my time apart from manage money. When I decided to tighten the belt even more and make faster process I dropped a lot of those things and didn't sustain it. So sometimes going a bit slower but with something you can keep up and sustain is the better option. And that is the role of doing things you enjoy, including work.
The most mediocre boomer fukn advice I’ve seen yet. Wow imagine not buying boats or cars? No stories to tell when you grow old. Boomers just need to be buried
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2023 Professional Chrissy Barymoer and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
{That's true I know Barymoer. I met him at a conference in New York in 2022 where he introduced us to his business strategy, he helped me cover my student loans with ease and so many more to be mentioned
What I've learned in 2 years of marriage,, regardless of your spouse if you get married. Create a road map for everything you both wanna do. In the road map create a way to either increase or platue your finances based on what you want to do. Don't plan without thinking and don't spend without a road map to help alleviate your debt. As an example going to an out of state mall, we plan to spend x amount of money, and we either setup a stand to pay for the trip or we cut something out of our lives to pay for it. Just wanted to share.
I’m 19 pursuing my masters in finance and I want to know how to get wealthy. I’m knowledgeable but I love to listen to the advice of others as well and gain as much perspective and knowledge as I can.
Just sold a property in Portland and I'm thinking to put 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 $450k gains within months, l'm really just confused at this point.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Don’t have kids until you are financially ready, save and invest some money, stay away from debt as much as possible, live as fugal as possible, find someone who has the same goals and values. Smart guy to be doing this now! I forgot to add that it’s okay to splurge/ live a little bit. If you don’t do that you will probably fail. Balance is key.
Telling people to not have kids is not good advice. Telling people to abstain from having children until they are financially ready and stable enough to support a child, on the other hand, is good advice. Don't tell people how to live their lives at that level. That's a massive part of life that most people want to take part in.
Great questions from a 22 year old. Already on the right track. Just need to keep it in their thoughts as they go through from job to job, place to place, always trying to build wealth.
I’m 21 and I am trying to be a 911 dispatcher which only requires a high school diploma, I wish I would’ve known this earlier, I have zero debt as well and I’m glad I found Dave before I had the chance to get into a disaster!
@@Ale-rx7bz thanks bro, I was stupid and decided to be an exercise major and am finishing that up, I was thinking about physical therapist school but after I found Dave I don’t want to anymore because I’d have to take out like 90K student loans. So I’m looking if there’s decent jobs I could get without a degree
@@Ale-rx7bz You have to be in a special PT assistant program to do it, I don't think I would be a good personal trainer and I think you have to get licensed for that also
TJ, very doable! Keep in mind some places pay very well, while others it's ten bucks an hour. Not sure of your age, but go to your local 911 dispatch and apply as a trainee. If they say no, go to the next one nearest you. Willingness and ambition win out in any job.
@@justinacase2623 Yeah bro! I didn't get hired to the one I applied to! I was disappointed but after I graduate I can apply again and try to make myself more likely to be hired. I like medical stuff so I might try to become an associate degree Registered nurse also after i graduate
You can read his book. I read it when I graduated college and I will admit it is mostly for people who are already in q financial mess but I still got some good pointers out of it.
@@israelruiz8706 @edward powley yeah its mostly for people who are already in debt but the 7 baby steps are actually really good simple rules to follow if you need a set of direct instructions. i would just look at his steps and go from there wherever you are at. I personally started at step 3 because I've never had debt. (I'm also a college student)
Hey Edward, if you have Facebook, you should join the Dave Ramsey baby steppers page. Tons of people that are on all the different steps that offer advice and stuff to each other
I’m at the end of my freshman college year and I started watching Dave about a week ago, I hope I watch and continue to use his values through when I graduate I’m interested to see where I get.
Many millionaires where I worked including myself and a few neighbors. Most people have no clue that they are because they just live care free without flaunting it. Straight out of the book "The Millionaire Next Door." Actually the first millionaire I've ever met when on my own was a high school janitor I worked with while going to aerospace school.
I’m 37 and always been an advocate of investing since it has paid off handsomely since I delved into it. At least my retirement doesn’t look as bleak as it did a year ago.
@@alexpavarde8698 I know that learning the ins and outs of investing is not for everyone. Personally, I trust Levi Clemans. You can reach him through his mail
Clemans has absolutely changed the game I don’t know if this was meant to be, but coming across comments here, getting paid today for the month’s trading cycle 🙏🙏 Is the premium service here to stay permanently?
I really appreciate the dedication in each video you post. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Michelle Warner, it will add to your success in the crypto market.
Wealth is a mindset, being secure is another thing. See so many people searching for quick riches. Focus on changing your lifestyle. Make sure you have own home and pay off as quickly as possible to make sure your kids have something to build on. Be striving for more but don't over reach and risk your own security
Keep going, everyone! I had debt and basically nothing in my bank account when I started my financial improvement journey and now about to start Baby Step 4. Commitment does pay off!
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
The BIGGEST mistake I made in my 20s was that I didn't work enough. I had many jobs but didn't continuously go from one to the next. The downtime in between kept leaving me broke. You need to keep a job at all times and when you switch, it needs to make u happier or more money but you can't have days off in between. This was easily my biggest learning lesson.
Hi, I’m just a normal bloke trying to help people, I’m not here to sell you anything or push you into anything. I’m simply here to help people, if you would like to earn an extra financial income for very little effort I may be able to help. Its not a get rich quick scheme, ponzi, pyramid scheme or MLM. All I ask is that you watch a video for 20 minutes and if you’re interested, let me know and we can go from there. Thanks for your time.
I wish I could go back to when I was a late teen and early twenties. I wasted so much freaking money on stupid stuff. I was taught that you absolutely need credit. Open cards, get loans, blah blah blah. Well that disaster led to bankruptcy at 25. I can only imagine if I just saved that money.
The bad news is you had a bankruptcy. The good news is you had a bankruptcy that gave you a lot of wisdom so you never make the same mistake and can pass on your knowledge to other people.
I know what you mean. We all go through something stupid and make dumb decisions at a young age. I was told the same. You need credit blah blah. I received 41k when I was 18 because my father died when I was young and it was from social security. I blew through that money in 3 months and boy did I have a lot of “friends.” If I would have invested that money in a broad market index fund and forgotten about it until now, that money would be worth around 200k and that’s without contributing toward the investment fund. Hard lesson to learn for sure. But eventually I got intentional like Chris and Ramsey talk about. My wife have budgeted every red cent for a long time and have lived almost like we are poor. We have been saving for 10 years with a 600k net worth now. We will be millionaires hopefully by 42 and retire by 45 all because we made the decision to be intentional and live well below our means. You and everyone else can do the same.
1 regret I have in my life is not asking myself these type of questions on how to become wealthy in my teens . I’ve learned everything in my own through many mistakes trial and errors . They say money is not everything or at all important, yet we find ourselves working for it . In my opinion money gives you more time to do the things you really want to do , you don’t need millions to live a peaceful and financial free life , just need to manage your money well enough to make it work for you . In my opinion 👍🏻 thanks Dave for your videos ❤️
Imma be real with yall, unless you have amazing luck, the best you can ever realistically hope to attain is a good job and a steady life. If you’re smart, you’ll be able to save up and give your children a better life. Other than that brother believe whatever you wanna believe but you won’t be making millions as a moral do-gooder working his whole life.
I’m 24 and I’m stressed I’m trying to figure out the same I have the drive n ambition but I just need the knowledge and pointers giving me the right direction so I can run to it and understand
Think of it this way. $18,400 a year at 12%, $20,500 a year at 10%, or $23,500 at 8% each for 17 years is a million dollars. That in itself is a livable wage of $60000 a year with modest investing further. 23 years old to age 40 is 17 years. That's the key for any college grad.
@@Andy-lr8qp no no. Adding $23500 additional dollars each year. At an 8% interest rate for 17 years. And I got that wrong It would be $18000 at 12%, $22000 at 10% or $27,000 at 8%
Wealthy people keep their status by making productive moves like buying assets and investing passively but personally I recommend you do a background check up on your source before you invest, Ensure you are investing through a solid foundation source to avoid blowing your money away
Making money is a lot easier through investment because investing often leads to favorable outcomes,the only reason you should save money is to invest wisely
@Kevin Kenneth i have lost investing with numerous rigid traders on here,I’m still trading and learning to improve my technique but in the end i need to establish a more reliable source to passive income through
@@solemlyn149 through my years of trading and research the most valuable insight was getting in touch with pro trader Wilson and getting to earn massively through her,she is a licensed broker,contact her i trust she’ll help you earn
@@laisonherberts6107 this is a refreshing coincidence,I invest and earn through Wilson as well, usually I don’t leave comments but seeing you speak good of her on here has increased my trust for her
Hey Dave, I’m from texas. I took your financial class in highschool two years ago. I’m 19 years old, I work for the biggest loan company in America. I’m getting my degree in business administration. I just wanted to say thank you for the information.
Real Estate. Real Estate is the answer you are looking for. Research Real Estate Wholesaling. With $18k, you can turn that into $100k in the matter of 6-months to 1-year.
He's a finance senior and he's asking this question? As a finance senior myself he's either not a senior studying finance at a university or he hasn't been going to class 😂
He hasn't been going to class, he seemed like he was being honest in my opinion. I completely agree with you though lol third-year finance students should literally be able to build themselves a decent portfolio. Maybe he just wanted to hear what Dave had to say.
I'm just starting to think seriously about investing, and I'm feeling a bit overwhelmed. I'm in my early 20s, and I know I should be starting now, but I don't know where to begin.
That's a great starting point! It's fantastic that you're thinking about investing in your 20s. Time is your greatest ally when it comes to investing. The earlier you start, the more time your money has to grow through compounding. You should focus on building a strong foundation and consider factors like risk tolerance and investment goals.
I wish I had started investing in my 20s. I waited until my late 30s, and it definitely impacted my overall returns. I've since diversified my investments and have been getting free consultations from my CFA to guide me. Now, I'm on track to meet my early retirement goals, and I'm incredibly grateful for the advice I received.
Thanks for sharing your experience! I'm currently trying to learn about different investment options, but it's all a bit confusing. Do you have any recommendations for a good financial advisor? I could really use some guidance.
My CFA, Peter Dewitt Martin, is a renowned figure in his field. He specializes in helping young investors build wealth. you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial markets.
One of the most well-known people in his field is my CFA, Peter Dewitt Martin. I suggest looking into his qualifications in more detail. With his extensive knowledge, he is a great help to anyone with his free and helpful consultations.
The fact that you’re asking that question so early shows that you’ll be wealthy one day. Keep at it.
Agreed. If you're even thinking about it you're already on the right track
Yes!
Depends on future trends with the economy.
@@ilovesasukeandleto buy the dip
@@ilovesasukeandleto time in the market, and a in demand job skill. Combo for success.
I paid off $40k in student loans over the course of a year and a half. I put every single penny toward it since graduation. Tomorrow I get my first paycheck that I actually get to keep. It’s a crazy feeling.
That's honestly impressive. 40k in in 1.5 years is wild for most. Ggs.
Congratulations 🎉
How did you do it? Asking for a friend 😅
@@TwistaGuy2012 the biggest help was my income and very low living expenses. I landed a job making $80k after I graduated and only had about $1500 in expenses every month. That left a lot of money on the table for debt. It was extremely hard mentally to see these massive (or at least massive to me lol) pay checks coming in and turning around to punt it all on debt, but I’m very thankful I did. It’s such an amazing feeling to actually get to keep the money you make once you don’t have debt.
good for you man! i dont even know you but im genuinely happy for you!
Creating wealth requires cultivating positive habits, such as consistently saving money at regular intervals for worthwhile investments. Managing finances is an essential subject that many people often avoid, which can lead to challenges later on. I hope that anyone who comes across this message achieves great success in life.
Investing in alternative income streams that are independent of the government should definitely be a top priority for everyone right now, especially with the ongoing global economic crisis. Stocks, gold, silver, and virtual currencies remain appealing investment options at this time.
bot
Becoming rich is never easy. I've tried and failed but never gave up. l've saved up some money and now I am back again but not to do it all by myself this time. I will appreciate any nice person sharing useful/good advice.
One crucial piece of advice I'd like to offer is to always have a solid investment plan in place. This includes setting clear financial goals, understanding your risk tolerance, and diversifying your portfolio.
investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals, have someone guide you.
@@VitaliiSych I'm interested in having someone guide me as that was my last mistake but just don't know who.
@@BarbaraRichstone Kristin Amy Rose is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.
Wishing you all the best ! 🚀
@@VitaliiSych it was quite a straight forward process finding her on google. I appreciate your kindness.
Every family has that one person who will break the family financial struggle I hope you become the one 😏
I realize that the secret to making a million is saving for a better investment. I always tell myself I don't need new Maserati yet. That mindsets help me make more money. Last year I invested $30k in crypto and made about $234k, but guess what? I put it all back and traded again now I'm rounding up close to a million.
Same here ♥️ waking up every 14th of each month to $200k is a blessing to my family... I can now retire knowing that I have a steady income. Big gratitude ♥️ to Derek Mia Scott 🙌
@@tanjac.thomas5506.Big bumps to you, what a step you took, please any direction or suggestions from you!!! Need to start somewhere.
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns♥️♥️
Everyone needs more than their salary to be financially stable. Best thing to do with your money is to invest it rightfully because money kept in reserved is dormant.
There's a book called Success Secrets Of The Elite, it talks about how using some secret techniques you can attract a lot of money, it's not some bullshit, it's the real deal. Great video btw
After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!🤗🙌
I'm 37 and have been looking for
ways to be successful, please
how??
In times like this you need a good
expert like Rita Orlando to help you get through.
😱Sounds familiar, I have heard
her name on several occasions..
and both her success stories in
the wall Street journal!
The economic hardship,
recession, unemployment and the
loss of job caused by COVID pandemic is enough to push
people into financial ventures.
Trading without professional
guide....Huh I laugh you, because
you will remain where you are or
even make huge losses that will
stop you from trading, this has
been one of the biggest problem to
new traders
A common shred of advice I've been given by people I know that are extremely wealthy is that you'll never become a multi-millionaire solely working for someone else (i.e a 9 - 5)
And a dash of "luck." Every wealthy person can point to the exact moment in their life that opened the door for them to be where they are now. Usually, it is simplified down to "right place right time" because nobody recognizes the hard work and long hour grinds that they were making.
Hi, everyone needs a bit of luck, you could say getting bullied by my manager was my piece of luck. Without that I may still be where I was if I had not been strong enough to leave. Luck comes in all sorts of ways, you have to put yourself in a position to take advantage of it when it comes. Good luck.
Luck played a big part in my success too. I was clueless about investing until I met the right professional, and that connection changed everything. A few smart moves, and my finances took off. Right person, right time!
Glad to have stumbled on this comment,, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them??
I've experimented with a few over the past years, but I've stuck with ‘’Kristin Amy Rose” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Antozent- they are selling around 250 self help books for the price of one (you’re welcome)
Wow. Thanks you so much
This is very inspiring. I'm working on my dream and feel like am bored. My company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances? Any guidance in this regard would be much valued.
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks than putting all your in one. If your financial understanding is lacking, see a financial consultant.
Reason i decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became too much. I should be retiring in 17 months, so I've had a brokerage adviser guide me through the chaos. It's been 9 months now, and I've made approximately 650K net from all of my holdings.
Interesting. I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
The advisor am currently working with is Teresa L Athas. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
I opened an ROTH IRA at the age of 27 and put the maximum amount possible for 2024. I feel foolish for letting my life fall into order so slowly. The issue at hand is how to invest the funds most profitably in order to save for retirement
You're 27 years old. It is alright. The compound interest period has begun. To build a strong foundation and reduce risk while maximizing gain, I think all investors should begin with ETFs. From there, they should diversify across a range of asset classes and continue to invest consistently and systematically
You do not need to locate the next NVIDIA to be successful in investing. Simply choose top tier ETFs and work with a financial counselor, as I did. I turned $90,000 into $53,000 in annual dividends, which is a huge accomplishment for me today
Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well
''Aileen Gertrude Tippy'' is the licensed advisor I use. Just research the name online you will find necessary details to work with to set up an appointment
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her
Wow, $21k in emergency funds at 22? You're already ahead of the game! Now it’s time to put that cash to work. Start by diversifying your investments-think stocks, bonds, real estate. Don't just stash it under the mattress!
Nice work on the $212k stash! But remember, going solo can be risky. Consider talking to an investment advisor; they helped me turn my savings into something impressive. I found mine through a referral, and it's been a game-changer.
Great suggestions! I’m also looking for an investment advisor but feeling lost. How do you even find a trustworthy one? Any tips or recommendations?
Finding the right advisor can be tricky. I’ve had success with a CFA I’ve worked with for years: Linda Aretha Reeves. Her performance is top-notch, and she’s highly respected in her field. Definitely worth checking out!
Just looked up Linda Aretha Reeves, and she seems like exactly the person I need for my financial goals. Thanks for the recommendation!
Basically don't put all your eggs in the same basket?
1) Live on less than you make
2) Continue to seek knowledge and learn
3) See rule number 1
Amen Ms. Bee
I often listen to people who say they've done that, however they never put great margin between income and expenses and they never put knowledge to use by taking necessary action to get rid of their debts and consistently invest in higher growth options over the years. So, they have not accumulated much to care for themselves in their latter years and to be able to give abundantly and consistently to help others.
That won’t get you wealthy unless you invest what you save, and invest well.
@@JP-dz7zu it works Everytime
@@JP-dz7zu invest in what?
It\'s crazy how hidden money manifestation on shirlest isn’t more talked about. It completely shifted my perspective and brought me abundance I never expected.
it helped me change my life also
thanks
thank you
best ebook for sure
thanks
bein a wealthy is by determination.
when you set your mind to something it will turn up with a good result
you must put effort to be come wealthy
as a successful wealthy man i did not make it all alone,....i always have my adviser.
who is your adviser?...
Jenny Pamogas Canaya is my successful adviser...
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm
Jenienne Miniter Fagan is the same coach who has helped me a lot, she's online and you can look her up, you can schedule a call or make appointments with them
Moms, for helping people set up at the beginning of life will always be such a blessing. Never stop being grateful for what they do, and never take for granted their advices, mothers will always want the best for you.
I’m 8 months old how do I become financially independent
Rice and beans beans and rice
It's time for you to move out of your parents house
Sell the car!
mashed-up rice and beans
Don’t have kids too expensive
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400k from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
@@carolynrose1816 Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Victoria Louisa Saylor ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
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.
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.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I’m 23 & I’m very determined to follow these steps 👍🏾 good luck to everyone out there that comes across this video
Dave is so inspiring ❤️. Because of him, I no longer have only $20 in my bank account and no longer in debt. I’m 21 and a full time student. I work a 7-4 Monday - Friday job and play in a mariachi every weekend for extra income. Steadily, I’ve managed to save about $6000, which isn’t much, but I’ve really come a long way these past couple of months- all thanks to Mr. Dave Ramsey of course! I’m so thankful for him and his crew. I finally feel like I’m headed somewhere in life. So thank you from the bottom of my heart! ❤️❤️
You are on your way to great wealth! You know more at 21 than most 50 year olds!
Very good.
At first I thought you were going to advertise a financial RUclips channel or leave a name/number of a money genius like half the people here.
@@blackworldtraveler3711 you mean Mary Smith? She is almost as good as John Dough. I made millions trading FCOJ. I tried pork belly s, but with the war on bacon........
@@justinacase2623
You got it.
@@blackworldtraveler3711 LoL, next stop my seminars! It's a cross between a Amway meeting and faith healing, a love offering is required.
Nice video with trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
Shea Ardolf program is widely available online..
Trading systems allow you to limit the factor of emotional influence on decision-making, as well as to give the trade a certain degree of systemic character.
Without a doubt! Shea Ardolf is a trader who goes above and beyond. She has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Investing in Bitcoin is the wisest asset to be in, not trying to shit on other stocks, it just won’t outperform Bitcoin over pretty much any long time horizon…reality over feelings!!
Job will pay your bills, business will make you rich but investment makes and keeps you wealthy even till the future
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
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 started listening to Dave at 19, forever thankful!
I am so glad I am seeing this now at 18 years old. I hope I can look back in 12 years' time and be proud I followed your advice.
Investing is key. The most common investment portfolio strategies include diversification, where you spread investments across different asset classes to manage risk.
Could you possibly recommend a FA you've consulted with?
Thanks a lot for this suggestion. I needed this myself, I looked him up, and I have sent him an email. I hope he gets back to me soon.
Having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over 200k in ROI during the recent dip, highlighting that there's more to the market than we average folks know.
Seeking wealth-building wisdom, I've spent months researching investment strategies, even investing $1000 in a course that didn't yield expected results. I'm eager to learn from seasoned investors earning over $250k annually. Guidance on navigating the investment landscape, identifying lucrative stocks, and mastering entry and exit timing would be invaluable in helping me achieve financial success.
To succeed in trading, you need extensive experience and a clear strategy - something most traders lack. Without proper preparation, losses are inevitable. Key to success: identify buy/sell ratios, pinpoint market leaders, and diversify your portfolio to minimize risk. This balanced approach will help you navigate market fluctuations and maximize profits.
Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again.
You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.
Who is your financial advisor or coach, do you mind hooking me up?
"Sonya Lee Mitchell", a CNBC-featured expert, provides effective strategies and entry/exit points, elevating my investment focus, search online.
Like my older cousin use to tell me when I was in my early 20's, which motivated me to save up. "If, you don't have at least $10,000 in your bank account and $10,000 in your savings/stashed away...You're going to be in trouble because life is unpredictable and you need something to fall back on. Don't ever get comfortable, keep on grinding". Now, I have something nice saved up!
That's a lot of money not invested tho
Now I'm 20.I am doing business and become wealthy and rich.I will success my life in little age
$10k 😆. Need a little more than that.
@@tybays You need loan?
@@tybays Keyword AT LEAST, sound like you don't even have 10k now Lol
In high school I had a credit card before my friends had a debit card. I was young and stupid and max them out. Paid the price when it came to paying all them off at the same time. Spent the next decade only spending what I had. 30 now with zero debt, overly blessed with my salary and still live as if I’m only making ends meet. Money is nice but doesn’t make you any happier. I wasn’t taught financial literacy but I’m grateful for people like Dave who educate and care about ones financial journey.
@@blackworldtraveler3711 that’s awesome man. I love to spend money, I’m by no means super frugal. I just don’t care about money. It’s comes and goes. I can be happy with just enough or millions.
160K is a blessing and in Europe thats upper class/ elite level. Most people get 30-40K a year.
@@SimonSays002 do you mind me asking your job?
@@Jake-gp4jf I own and operate a Budget franchise.
@@SimonSays002 me
Your videos is very inspiring and I love the work you put in towards your growth !!
I am part of your viewers and I’ve been watching your videos lately.
Some people now invest into crypto and get their retirement plans faster. With the right instructor and strategies you can figure out the right trading to engage in, I hope we continue to invest wisely.
Yes, it’s true, there’s been a lot of talks about investing lately, but I’m new and also curious how I can get started.
Can anyone explain how to invest and how to get started?
In my opinion, investing is not about getting rich but about gaining financial independence. I rely on strategies from a source that ensures my monthly dividend
How can I connect to your source for success tips!?
Mrs Diane Davis
She’s on Tel’ grams
Dave, I’m 22 & $2000 away from being debt free, work full time just got a new job >$62,000 per year. I cash flow my school BSBA with a specialization in finance. I graduate June 2022. I want to take a year off after I finish my BS & then cash flow my MBA. I’m still working on my emergency fund. I live in a really expensive city and use your every dollar app. I have no kids but I have a dog he costs me about $200 a month but I love him.
I am 20.
I also have a dog,he costs me about $100 a month but I love him
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
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
No doubt, having the right plan is invaluable. My portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
She's “Sonya Lee Mitchell''. I choose to delegate my excesses to her because of her expertise. I suggest you look her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I love that episode.
Im 22 and made 144k this year. I live at home and am finishing my MBA degree debt-free. I also am trying to build wealth. I know if I start early I will be set. Knowledge is power.
Dufuq do you live and your job? 144k doing what?
@@yme3267 Selling real estate :)
@@codymhurst Can you help me,? I'm a new real estate agent and looking for a mentor. Thanks!
Try moving out of your parents house first and pay off your $140k debt little by little.
@@codymhursttryna mentor a brotha? I need to do something like real estate
I started investing and taking personal finance seriously at 21, my god how I wish I started sooner, I can't ever look back after going into this new world & mindset
I’d do what my bro did at 20, invest, be frugal frugal frugal, and got rid of Instagram off his phone. Gets rid of seeing our peers our age with high end watches and bags takes away a lot of pressure, especially if you’re a spender.
and then what happened?
.... so he is now a millionaire m..
@I. S How is it hard to believe that someone took up investing, deleted instagram and became frugal? All of those are easy to do and many people in our generation are doing it thankfully.
Excellent advice.. As someone nearly 40 (and doing quite well), i admit i do wish i'd followed similar advice years ago. Start young and start slowly/steadily and stick to it. The reason i feel like avoiding social media (or at least limiting it to a bare minimum) is ideal, is because it can affect your mental health as well as create "comparison-itis" ...
"get rid of instagram" me who makes money off running Instagram pages "hmmmm"
The fact that he’s majoring in finance, and he’s asking how to be wealthy is evident to how the school system pushes individuals to be great employees, instead of achieving financial freedom.
There is nothing wrong with working for someone. Financial freedom can be achieved by working at 100k a year job if you are good with personal finance.
They don’t really teach personal finance when you’re a finance major. There’s classes you can take specifically on personal finance, but there’s no major requirements for it because major isn’t typically catering towards that. Personally, you definitely get a good understand of how money works from a perspective, and have learned how loans work from physically scheduling them, to how powerful interest it, insight on how banks operate, but yeah we don’t really learn personal finance. It’s like every school jus expects you to learn on that on your own… after all a lot of them require people to take a lot of student loans out
@@Keirosqeen how though
I’m 22 too and I just discovered Dave Ramsey and I had the same exact question as a current accounting student
Invest 250 or at least 100 until you can do more into mutual funds with low expense ratio like vti , or fxiax ... you can buy these funds in your roth ira ... learn how to value stocks and buy great undervalued stocks when market pull back ... watch our rich jouney they retired at 39
Watch youtube videos on FIRE movement and read the comment sections , if you have a job that matches your contributions at least put enough to get the match
You need any help,i will help you definitely
I am 20.i am doing business
I’m 22 and going through the exact same thoughts right now. I’m Canadian but still enjoy the content. So happy someone asked this question.
Eh?
@@justinacase2623 sorry?
@@cryptonewton2400 scammer
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
@EricJose-hn6cfYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
Trading with Kate Herman trading analysis
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman
I will leave her info below this commend
+1
my mom has blessed me my entire life i am now 18 years old and a bit lost but i know i want to retire her and make enough money to support my close family
Best advice, no matter your situation, is to be intentional with your money. Know what your money goes to, why, and if it benefits you.
or the people that truly want the best for you*
Wow... this is perfect.
I was concerned so much about my money lol 😂 when I started forex trading with Mrs Evelyn Gray now look at myself enjoying my profits weekly.😌
@@hallampreston853 how??? How???
I manifested $4250 and $500 in one week without working for it. I did it once. Just once. lol. I wanna do it everyday
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she 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.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
Ma'am Gillian Sara sheeran is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
I started listening to Dave maybe a year ago , I now started saving and getting rid of all my debts. 10 K in savings account now 💪🏻
That’s great. Now look into putting some of that money in a Roth IRA. Preferably with Fidelity Go. They manage your money through robo advice. Look it up and tell me what you think.
@@Alistando3712 yessir, thank you. That is on my list for sure. What do you think about Charles Schwab ?
Kudos to him for being so proactive and cheers to his mother!
I love it , I’m not there yet but the best part is im debt free ... started college at 24 made me look stupid to family & friends but turnt out to be the best because I entered college knowledgeable, Im paying my self thru college , payment plans each semester was the BEST IDEA that could happen for college yet not to many people use it.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
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..
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.
''There's no shortcut to a place worth going''.
That gold
The concept of Secret Pathway To Triumph blew my mind. It’s like finding a cheat code for financial abundance.
this wigga spittin facts🗣️💯💯
first time I watched Dave Ramsey was in July, fast forward to today I have 10 000 Ef, 12000 in money market accounts, got my first real job (without a degree) earning 70 000 a year, and I own a small side business. Ive lost many friends, I do not go out anymore, and I am as happy as I ever been.
-23 year old, living in a 3rd world country, gonna be buying my first house in cash in 4 years
If you don’t mind me asking, what job are you working without a degree making 70k because I am 25 working 2 jobs and need sustainable income. I just need direction and school doesn’t seem like a great option for me right now.
@@brianthornton8781 call center and I own a small business
The formula is fairly simple:
1. Get a job that you enjoy. Making lots of money doesn't mean anything if you are miserable.
2. Pay yourself first.
3. Live within your means.
4. Don't be bedazzled by shiny things.
5. Don't overspend on depreciating assets (cars, boats, etc)
6. Learn about compound interest. It is like fire, it can be of great benefit and it can destroy.
The lesson this guy just learned is: don't work, go on unemployment and max it out, let your family pay for every thing else.... and you can find yourself sitting on 18 K!
Regarding a job that you enjoy:
Once you get your savings/investments/budget system up and running there's really not a lot to do with it, maybe an hour a week to keep everything in track, and you will be doing that for a looong time. This means that if you have the attitude of grinding your way through it you are going to be not a very enjoyable person, to yourself or others. For such a long game it pays to have something you can keep, hence work and hobbies/interests that you enjoy. This helps you to enjoy the journey and stick with it, which is important for a 20-30 year goal. If you think you will hustle and grind for 30 years ... good luck.
When I was building wealth on a low income, having work that I enjoyed, friends, social activities, and regular hobbies that I was learning gave me something to look forward to every week. I could sustain that indefinitely. Once I got my habits in place, there was really nothing to do but transfer money on payday (5min max) and I knew everything was taken care of and I needed something else to do with my time apart from manage money. When I decided to tighten the belt even more and make faster process I dropped a lot of those things and didn't sustain it.
So sometimes going a bit slower but with something you can keep up and sustain is the better option. And that is the role of doing things you enjoy, including work.
@@thecurrentmoment Thanks you so much for your words, you don't know how much it means to me
The most mediocre boomer fukn advice I’ve seen yet. Wow imagine not buying boats or cars? No stories to tell when you grow old.
Boomers just need to be buried
Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!
He’s way ahead of the curve. Keep it up!
His parents paid cash for college, he’s been stacking 18k in unemployment. His question is how can I make more money.
Yea, way ahead of the curve 😂
😂@@Gnorde
@Gnorde he is lucky, I'm currently paying my university with my part job time, I don't have money, I'm broke 😂, I'm 22 years old
I love the mindset already most 22 year olds are not asking that question
EXAAAAACTLY!!
I surely wasn't. He is wise
21 here 🙃
I'm 22, debt free, biochemist, living in Ireland... what should I do??
@Joseph Allen
Yeah part of the rat race is eagerly waiting for Friday every Monday morning.
I am also debt free❤️❤️❤️.thanks dad and mom.
You can reach out to Charlotte to get started 👇
+1 (4 7 8) 2 1 0-5 8 4 5
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
I agree. There's a lot of potential in the market.
My friend introduced me to a financial advisor in 2023 Professional Chrissy Barymoer and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
Search him by His name "Chrissy Barymoer"
On f.a.c.e.b.o.o.k
{That's true I know Barymoer. I met him at a conference in New York in 2022 where he introduced us to his business strategy, he helped me cover my student loans with ease and so many more to be mentioned
What I've learned in 2 years of marriage,, regardless of your spouse if you get married. Create a road map for everything you both wanna do. In the road map create a way to either increase or platue your finances based on what you want to do. Don't plan without thinking and don't spend without a road map to help alleviate your debt. As an example going to an out of state mall, we plan to spend x amount of money, and we either setup a stand to pay for the trip or we cut something out of our lives to pay for it. Just wanted to share.
Ryan, you need to put money back for when your wife comes home with divorce papers.
I’m 15 and watching this I think I’m on the right track
For assistance 👇
+1 (4 7 8) 2 1 0-5 8 4 5
I’m 19 pursuing my masters in finance and I want to know how to get wealthy. I’m knowledgeable but I love to listen to the advice of others as well and gain as much perspective and knowledge as I can.
I'm interested in investing, but I'm not sure where to start. Can you offer any advice or recommend someone who can guide me through the process💔🙏🏻
Just sold a property in Portland and I'm thinking to put 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 $450k gains within months, l'm really just confused at this point.
Heard someone mention a couple making around $120,000 during the recent Bitcoin pump. How're they doing it?
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
It is wise to seek professional assistance when looking to create a strong financial portfolio due to it's complexity
Making touch with financial advisors like Maria Showan who can assist you restructure your portfolio would be a very creative option.
Don’t have kids until you are financially ready, save and invest some money, stay away from debt as much as possible, live as fugal as possible, find someone who has the same goals and values. Smart guy to be doing this now! I forgot to add that it’s okay to splurge/ live a little bit. If you don’t do that you will probably fail. Balance is key.
Preach!!! Proud to say i have done all of the above...a few missteps here and there, but this exact advice is absolutely how it is done!
@@EadsB7002 no one is perfect but hey good for you!! You are doing better than most people in America 🇺🇸
Me as well lol
Telling people to not have kids is not good advice. Telling people to abstain from having children until they are financially ready and stable enough to support a child, on the other hand, is good advice. Don't tell people how to live their lives at that level. That's a massive part of life that most people want to take part in.
@@TheBanjoShowOfficial you are right.
Great questions from a 22 year old. Already on the right track. Just need to keep it in their thoughts as they go through from job to job, place to place, always trying to build wealth.
I’m 21 and I am trying to be a 911 dispatcher which only requires a high school diploma, I wish I would’ve known this earlier, I have zero debt as well and I’m glad I found Dave before I had the chance to get into a disaster!
@@Ale-rx7bz thanks bro, I was stupid and decided to be an exercise major and am finishing that up, I was thinking about physical therapist school but after I found Dave I don’t want to anymore because I’d have to take out like 90K student loans. So I’m looking if there’s decent jobs I could get without a degree
@@Ale-rx7bz You have to be in a special PT assistant program to do it, I don't think I would be a good personal trainer and I think you have to get licensed for that also
@@Ale-rx7bz I will bro thank you
TJ, very doable! Keep in mind some places pay very well, while others it's ten bucks an hour. Not sure of your age, but go to your local 911 dispatch and apply as a trainee. If they say no, go to the next one nearest you. Willingness and ambition win out in any job.
@@justinacase2623 Yeah bro! I didn't get hired to the one I applied to! I was disappointed but after I graduate I can apply again and try to make myself more likely to be hired. I like medical stuff so I might try to become an associate degree Registered nurse also after i graduate
Hello, I wish to start investing but I don't know where to begin. Any advice or contact for help?
It's wise to seek professional guidance when building a strong financial portfolio, due to its complexity.
Talking to an expert like Nancy Hall to reshape your portfolio is a very smart move
Certainly! I diversified my $40,000 portfolio across different markets.
I made a net profit of around $109k by investing in high dividend yield stocks, ETFs, and equity.
The reality is that, you cannot do it without a tried and true person like Nancy.
I’m 15 watching this guy learning
Finally the video I have been waiting for. I am a college freshman but I am on track to graduate debt free and want to know the steps from here
You can read his book. I read it when I graduated college and I will admit it is mostly for people who are already in q financial mess but I still got some good pointers out of it.
Start investing in good mutual funds now or index funds and dont tinker with the investments. Only look at them to add more money.
@@israelruiz8706 @edward powley yeah its mostly for people who are already in debt but the 7 baby steps are actually really good simple rules to follow if you need a set of direct instructions. i would just look at his steps and go from there wherever you are at. I personally started at step 3 because I've never had debt. (I'm also a college student)
@@Noremac2310 im at two because I graduated with 32k of student loans but I just need 13k to finish off
Hey Edward, if you have Facebook, you should join the Dave Ramsey baby steppers page. Tons of people that are on all the different steps that offer advice and stuff to each other
18K. No wonder why some people just stay in unemployment.
Well it wasn't planned...and they owed him the money...but I don't recall Dave advising him what to do with the money.
They stay unemployed losing credibility and people step over them taking his place like in any other recession.
@@giveme10feet He told him to hold onto it until after graduation, to ensure he has the means to get through college...kinda like a safety net.
@@dylanlyons6 Dave does talk abt investing in yourself sometimes. And his education is more important than any other investment right now.
18k is nothing tbh. I been working through pandemic and I'm 22...
I have the mindset. Im 20 right now and after countless videos on how to be successful I think what I need is someone to really learn off of
I’m at the end of my freshman college year and I started watching Dave about a week ago, I hope I watch and continue to use his values through when I graduate I’m interested to see where I get.
Hearing about that millionaire working at Dave's show keeps me motivated to stay on this plan. It has been working so far and I won't sway off. 😊
Many millionaires where I worked including myself and a few neighbors.
Most people have no clue that they are because they just live care free without flaunting it.
Straight out of the book "The Millionaire Next Door."
Actually the first millionaire I've ever met when on my own was a high school janitor I worked with while going to aerospace school.
Thanks Dave I turn 22 in 6 months!! Im.going. be ahead now
I’m 19 years old. These videos are extremely useful.
Easy. Don't simp away your money like most guys did at his age.
@vincentrich - Banned But Not Forgotten Depreciating asset just like a car.
D A I L Y W E B E A R N . C O M helped me finance my business
wait, so buying 100k worth of Belle Delphine's bath water wasnt a smart choice?
dang =(
probably already too late
No simpin' permitted!!! Coach Gang
Caller: My girlfriend is cheating on me in my car.
Dave: Sell the car, problem solved
(I'm just messing around, love your podcast & values on finance)
No. He would first ask how much income he makes and how much debt does he have not including his home lol
🤣🤣🤣
He would say sell the girlfriend and the car
You are right. It's important to build a foundation when building wealth
To get wealthy quick and fast that no one is telling you is gonna suck and its hard when you start. Its called starting your own business.
spot on
I’m 37 and always been an advocate of investing since it has paid off handsomely since I delved into it. At least my retirement doesn’t look as bleak as it did a year ago.
A friend of mine tried to talk me out of investing because of the dangers. How true is this Chandler?
@@alexpavarde8698 I know that learning the ins and outs of investing is not for everyone. Personally, I trust Levi Clemans. You can reach him through his mail
Clemans has absolutely changed the game I don’t know if this was meant to be, but coming across comments here, getting paid today for the month’s trading cycle 🙏🙏 Is the premium service here to stay permanently?
@@Allambeecairns Please is he taking new investors I’m interested in starting to build my life
@@margarettasanjay2718 sure, he is!
Muscle is built by pain but not by comfort made me smile
I really appreciate the dedication in each video you post. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Michelle Warner, it will add to your success in the crypto market.
Michelle Warner strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
she's mostly on Telegrams, using the user name.
Wealth is a mindset, being secure is another thing. See so many people searching for quick riches. Focus on changing your lifestyle. Make sure you have own home and pay off as quickly as possible to make sure your kids have something to build on. Be striving for more but don't over reach and risk your own security
I love this. Good luck to this man!
Budget and write down every expense
Invest 25% of income
Keep going, everyone! I had debt and basically nothing in my bank account when I started my financial improvement journey and now about to start Baby Step 4. Commitment does pay off!
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
That's very correct sir!!
And that is why most of them end up losing they m o n e y to
s c a m m e r s.
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Well done sir, some of the most important keys to success are always living well below your means and out working all those around you.
Your show Dave is absolutly life changing.. Thank you for being here
The BIGGEST mistake I made in my 20s was that I didn't work enough. I had many jobs but didn't continuously go from one to the next. The downtime in between kept leaving me broke. You need to keep a job at all times and when you switch, it needs to make u happier or more money but you can't have days off in between. This was easily my biggest learning lesson.
Hi, I’m just a normal bloke trying to help people, I’m not here to sell you anything or push you into anything.
I’m simply here to help people, if you would like to earn an extra financial income for very little effort I may be able to help. Its not a get rich quick scheme, ponzi, pyramid scheme or MLM.
All I ask is that you watch a video for 20 minutes and if you’re interested, let me know and we can go from there. Thanks for your time.
You've got your whole life to work. I wouldn't worry about it. Just dont do it now
I wish I could go back to when I was a late teen and early twenties. I wasted so much freaking money on stupid stuff.
I was taught that you absolutely need credit. Open cards, get loans, blah blah blah. Well that disaster led to bankruptcy at 25.
I can only imagine if I just saved that money.
an expensive lesson my friend. we all go through some nonsense at some point. The good part is that you learned from it!
The bad news is you had a bankruptcy. The good news is you had a bankruptcy that gave you a lot of wisdom so you never make the same mistake and can pass on your knowledge to other people.
I’m glad that started when I was in my mid twenties best decision I ever made 😁
I spent all my money on drugs and partying back then. Wish I could remember but I’m sure it was fun. 🤣
I know what you mean. We all go through something stupid and make dumb decisions at a young age. I was told the same. You need credit blah blah. I received 41k when I was 18 because my father died when I was young and it was from social security. I blew through that money in 3 months and boy did I have a lot of “friends.” If I would have invested that money in a broad market index fund and forgotten about it until now, that money would be worth around 200k and that’s without contributing toward the investment fund. Hard lesson to learn for sure. But eventually I got intentional like Chris and Ramsey talk about. My wife have budgeted every red cent for a long time and have lived almost like we are poor. We have been saving for 10 years with a 600k net worth now. We will be millionaires hopefully by 42 and retire by 45 all because we made the decision to be intentional and live well below our means. You and everyone else can do the same.
1 regret I have in my life is not asking myself these type of questions on how to become wealthy in my teens . I’ve learned everything in my own through many mistakes trial and errors . They say money is not everything or at all important, yet we find ourselves working for it . In my opinion money gives you more time to do the things you really want to do , you don’t need millions to live a peaceful and financial free life , just need to manage your money well enough to make it work for you . In my opinion 👍🏻 thanks Dave for your videos ❤️
Imma be real with yall, unless you have amazing luck, the best you can ever realistically hope to attain is a good job and a steady life. If you’re smart, you’ll be able to save up and give your children a better life.
Other than that brother believe whatever you wanna believe but you won’t be making millions as a moral do-gooder working his whole life.
I’m 24 and I’m stressed I’m trying to figure out the same I have the drive n ambition but I just need the knowledge and pointers giving me the right direction so I can run to it and understand
Think of it this way. $18,400 a year at 12%, $20,500 a year at 10%, or $23,500 at 8% each for 17 years is a million dollars. That in itself is a livable wage of $60000 a year with modest investing further. 23 years old to age 40 is 17 years. That's the key for any college grad.
I put 23500 at 8% for 17 years it say you will have 87k at the end in an investment calculator?
Your numbers are really off... but investing and saving is no doubt the best way to build wealth :)
@@Andy-lr8qp no no. Adding $23500 additional dollars each year. At an 8% interest rate for 17 years. And I got that wrong It would be $18000 at 12%, $22000 at 10% or $27,000 at 8%
@@tysonkrehnke2835 oh I see now thank you
Wealthy people keep their status by making productive moves like buying assets and investing passively but personally I recommend you do a background check up on your source before you invest, Ensure you are investing through a solid foundation source to avoid blowing your money away
Making money is a lot easier through investment because investing often leads to favorable outcomes,the only reason you should save money is to invest wisely
@Kevin Kenneth i have lost investing with numerous rigid traders on here,I’m still trading and learning to improve my technique but in the end i need to establish a more reliable source to passive income through
@@solemlyn149 through my years of trading and research the most valuable insight was getting in touch with pro trader Wilson and getting to earn massively through her,she is a licensed broker,contact her i trust she’ll help you earn
Ellenwilson020@gmailcom,Tele gram Ellenwilson020
@@laisonherberts6107 this is a refreshing coincidence,I invest and earn through Wilson as well, usually I don’t leave comments but seeing you speak good of her on here has increased my trust for her
Hey Dave, I’m from texas. I took your financial class in highschool two years ago. I’m 19 years old, I work for the biggest loan company in America. I’m getting my degree in business administration. I just wanted to say thank you for the information.
might i ask how did you get into your career? how much does it pay what’s ur plan investing etc?
4:00 muscles built by destructions and pain!
U gonna kiss him?
Would love to!
Real Estate. Real Estate is the answer you are looking for. Research Real Estate Wholesaling. With $18k, you can turn that into $100k in the matter of 6-months to 1-year.
Im interested in learning about that.
@@l.a6273 Sure man, look up Alex Saenz 30 day wholesaling. You will find a free 30 episode course on how to Wholesale houses with little to no money.
@@AlecWyld thanks for info bro.
He's a finance senior and he's asking this question? As a finance senior myself he's either not a senior studying finance at a university or he hasn't been going to class 😂
He hasn't been going to class, he seemed like he was being honest in my opinion. I completely agree with you though lol third-year finance students should literally be able to build themselves a decent portfolio. Maybe he just wanted to hear what Dave had to say.
Textbooks aren’t exactly answering the question directly but he should atleast be able to know how to budget
Every finance major doesn’t just end up wealthy