How Millionaires Build Wealth! (With Dave Ramsey)
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- Опубликовано: 4 июл 2024
- How Millionaires Build Wealth! (With Special Guest @TheRamseyShow )
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Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on RUclips and your favorite podcast app. Thanks for coming along on the journey with us.
Thank you Brian and Bo for having us on your show. We hope this episode helps a lot of people become millionaires!
Huge flex Dave to be on someone else's show but also being able to stay in your own studio - PROPS! You are an icon!!
Please keep this kind of content coming. This and graham Stephan shows were amazing together. Love hearing Dave asked some harder questions by other successful people and listening to him break down the difference in opinions in such a mature way. This is awesome.
Dave is filled with the spirit of maturity and Godly principles. His ability to really show his advanced principles was really brought out by having other experts on air. Please continue to work with the money guy show and other experts so we can see this side of Dave Ramsey
@@tristangirod1855 Stephen Graham is too, FTX Sponsoring 😉
Great to see this collaboration. Two great and complementary programs!
Its called dollar cost averaging, It took me 25 years maxing out as a teacher but I hit a million Jan 10 2021.
Wow, well done 👏🏽 ✔️
It should take 7 yrs to double that money
@@cyclops9125 double what money?
@@reddragon3518 the homocoins
Congrats
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunt ing them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
I have been investing in stocks for over 10 years now and I have made a lot of money. My port_folio has grown exponentially and I can't thank stocks and Kate Elizabeth Amdall enough for such an amazing way to make money!
please how can i find the lady you mentioned'?
Most likely, you can find her basic information online; you are welcome to do further study.
I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.
Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.
@@skydiving81 I totally agree, the end worries of handling my finance came in the person of a license advisor from CHARLES SCHWAB, and in less than 5 years, I've made it into a staggering $10M after subsequent investments. In my experience, fear can take control if waiting too long to set investment goals, but that should go away once you set the plan into motion.
@@jordan56678 wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?
@@castlerock4207 My FA is "Ashley Breanne Haley'' watched her on a CNBC interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look up her name online if you care supervision. I basically copy her trades.
This is the collab everyone thats serious about their financial future has been waiting for.
I stopped following Dave Ramsey because I am serious about my financial future. I chose to manage my money in a much more sensible and efficient way than the Baby Steps. I chose to invest in a way that is supported by academic research instead of paying commissions for expensive actively managed mutual funds that are likely to underperform their benchmarks. I use reasonable rate of return assumptions instead of the absurd and dangerous 12% average Dave likes to throw around. Because I stopped following Dave Ramsey, I am likely to have much more in retirement than I would if I had continued to implement his terrible advice.
@@thynnus2422 so u are still carrying your house note? Not trying to be funny. Just asking. I do get your point. I weighted this out too and I would pay for my house 2 and 1/2 times. So I am two yrs into paying off my house and should be done in 2 more yrs. Then I can throw cash into my investment well I am doing both now throwing a pile at my note principal and a chunk in my mutual funds monthly.
To pay off a 237k house in 4 yrs is a big deal for me. And I am 65 so I don’t want to be 93 when the 30 yrs note is paid. So hope u see my point too.
@@cherylbroadenax1006 You incorrectly assumed I ever bought a house.
@@cherylbroadenax1006, Brian and Bo did a few shows demonstrating how you come out MUCH, MUCH better in the long run if you pay down your low-interest debt (like a mortgage) over a longer period of time, while investing in index funds for that whole time, than paying off your mortgage and THEN beginning to invest. The opportunity cost there is TREMENDOUS.
@@thynnus2422Dave Ramsey is great to follow in a group of others.
i started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $450k. before I turn 60, I would appreciate any advice on potential investments.
Focus on two main goals. First, protect yourself by knowing when to enter the market to limit losses and maximize profits. Second, get ready to benefit from market changes. I recommend asking a professional for advice.
Yes true, I have been in touch with a financial 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?
There are many independent financial advisėr that you might consider. But I've worked with "Theresa Dana Peek" for almost four years and she's proficient. You could proceed with her if she satisfies your discretion.
This is useful information; I copied her entire name and pasted it into my browser; her website appeared immediately, thanks for sharing.
I was one of the 10,000 millionaires in the Ramsey study, I did it my own way which was pretty similar to Dave and the millionaire next door. I learned this from my parents in the 1980's and on my own.
Awesome! I think that knowledge you got back in the 1980s was worth a million itself. Good job executing and making it happen.
My dad gave me Dave’s book when I was 18, changed the course of my life for the better. Love Dave, The Money Guys, Caleb Hammer. I find it helpful to keep this stuff top of mind.
All my favorite money guys!!!
Only missing Garette Gunderson
It's finally happening! I initially got serious about money with Dave then began supplementing and growing my knowledge with Brian and Bo.
Thank you guys for making this collaboration happen. I can't wait!
This was also my path!
Same!
This is the way.
Same!
I literally just found these guys today. I found Dave about 18 months ago right before I finished nursing school. I have been trying to get debt free and paying my student loan off. I plan on checking these guys out now too
My portfolio is drastically declining, I've lost roughly $320k in a short period of time, and I no longer feel secure in choosing stocks. Do I truly have no alternative ways to profit from the stock market?
@AlexanderWebber Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
@Nick-iu9hg There are a lot of independent advisors you might look into. But i work with Stacie Kristal Weber, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
It can be complicated (picking up stocks for the possibility of beating the marked) or it can be super simple (just buy S&P500 index fund)
S&P 500 Index fund
Index funds, my man
I’ve been wanting a video like this for a while. I found both the Money Guys and Ramsey around the same time near end 2022 and I was like “something needs to change, I need to take control of my financial life”…. I’m 28 and my wife and I are about to start a family. I want to wake up knowing my family is taken care of financially. Thank you both for the content you create.
Love Dave Ramsey and his plan. We went from being $150,000 in debt to becoming deca millionaires. Thank you Dave.
Awesome! How long did it take?
@@angstfree2008most people get out of their debt in 18-24 months if they focus hard, and then getting to your first million depends on how much you can earn and being diligent about saving.
Sure helps when you're a business owner making bank.
@@JonathanRootDYou act like people are born that way lol.
@@JonathanRootDstart a business.
Great Content in your channel!We choose to invest over paying off our mortgage because we still have 30 or more years of working left to do and because it only consumes 15% of our income. We might be more concerned about paying off our mortgage if it were larger (or if our jobs weren't as secure), but right now, investing offers a better return. Bloomberg and other finance media have been documenting stories of people making over $250k in a couple months.
Invest if you actually want to be wealthy. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...
@@McElvinn At less than 3% interest, it makes no sense to lean into the house. Over the long run my investments will make anywhere from 7-15% interest. Compound interest only works if you're investing regularly. You're wasting valuable time when you're trying to clear your mortgage. I'm not the only one who realizes this, it's a very common mindset when it comes to investments. My FA has really helped me on my decisions and since then I’m not looking back
@@AUstinnesc Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
I'm curious because I saw breakdowns on how you are paying for two houses pretty much. From interest, it seems like you would have to make sure your investment profit is pretty much triple to make it make sense. I'm not sure, so any explanation would help me.🥲
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Vivian Carol Gioia” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
8 Yeats ago I heard Dave Ramsey say, "You don't get a pass on math." I was trying to justify buying a house where I couldn't afford it. I moved out of the area instead. Best decision I made.
OMG I THOUGHT THIS CROSSOVER WOULD NEVER HAPPEN. THIS IS AWESOME!!!
This got me so excited that I jumped out of bed at 5am on a Saturday to watch it! Awesome collaboration. Both channels provide fantastic content!
Read this comment to my daughter who is home from college for Thanksgiving- thanks for making me look good and for the excitement 🙏
True dat
On review...while I appreciate the advice from Dave's team, there's something a bit cantankerous about Dave's approach. You don't have to put folks down in your delivery. That's why I personally prefer the MoneyGuy team and their approach to wealth-building. Personal preference.
Money Guy and Dave Ramsey… I’m going to one up Bo and be super super excited!!!
Can’t wait!
As a Gen Z, I love Dave's words at 18:26 about maturity. I "grew up" fairly quickly compared to my friends because my dad taught me early that to get things I want, I have to work hard. I saved money by living with my parents for a year after college and kept living frugally until I was ready to get my own apartment. Because my parents paid for my 4-year degree, I felt like I couldn't just spend money recklessly. I owe it to them to invest in my earnings because they saved and invested in me. I hope to do the same for my future family.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
That is why I work with *Camille Alicia Garcia* , who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
@@ThomasChai05 Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Look at George! He contributed a ton to this show. Congrats on your success! Love the Money guy(s) and Dave Ramsey!
Its the Ramsey Guy show! Adress your debts with an army of dollar bills. Be a financial mutant with gazelle intensity. Live like no one else to build abundance. Thanks for this gem of an episode.
Thank you for that
This could be interesting as Dave has been doing other collabs recently, but hope they don't fawn over Dave Ramsey. I think that the Money Guy Show does a much better job in many ways than Dave does. No trash talking random people. No making claims that aren't backed by anything. No offering generic advice that may not really be applicable to the question. No random tangents.
You and a very small minority feel that way. A lot of money guy viewers came from Ramsey, not much vice versa. Root for everyone to win.
Shame these guys are fan boys. Disappointed
Dave is arguably bigger than the money guys.
His advice can be helpful for people who don’t know anything at all or “financially illiterate” people.
But Dave doesn’t have any nuance to what he does.
@@amoraacho6181 arguably? Dude Dave has his own platform with millions of listeners to every show, everything his company puts out is best selling, he has thousands of products and curriculum in half of americas schools. Money guy has 10’s of thousands of viewers and a mid size accounting firm. It’s not even close. Not that it’s not respectable but You’re seriously fan boying hard.
@@AV-iw3xc 1. if you can't tell by my name i'm a women thank you for assuming we love to see it...
2 I already said they dave is bigger never and has a bigger reach.
3. I am not a "fan" of either of them by l do consume both but dave is very old school in his way of thinking.
Not saying that he is not helpful because he is to people who are stupid with money.
for example he preaches not to ever buy or lease a car and to just buy beat up older ones.
yes this works for a lot of people but its not one size fit all.
I bought a new car cash because my old car that i bought used had a bunch of problems and was basically a money pit.
The car l bought was 1/4th of my income l paid it off in a year.
also since it was a hybrid car l got tax credit for it.
I plan to have it for 6 or 7 years if not longer.
which if would be the same as if l got a used car but it only lasted 3 years.
but dave would never bring things up.
my general rule of thumb is if l can't buy this thing 5 times right now...I can't afford it.
l could afford a new car 5x so l got a new car.
but thats just not a concept Dave is behind
The only one fan boying/fan girling is you here.
This is like the Marvel Universe coming together, You all are the Avengers!! Thankful for all the knowledge you all provide
The way George looks at Dave, found his true love.
At the heart of it, the advice shared by both teams has more similarities than differences. If you are here because you are a fan of both, or a fan of just one of them, you are ahead of the curve. You'll do fine.
Huge! Sitting at the big desk! Learned tons from Dave beginning in 2004. Got to BS7. What a blessing to be Debt Free! Learning tons from the Money Guys now (still listen to the Ramsey Show too)! Glad to see the coming together!
All my favorite money people! I’m so glad this collaboration happened. Thank you for a great show hope to see more!
Different ideologies, Moneyguy versus Ramsey. But both solid provide solid advice. Really great to see them come together and talk about all the middle ground.
Great collaboration
This was amazing!! Thank you so much for this collaboration Ramsey Show and Money Guys!!
Man you could tell how honored & joyful Brian was to be doing this with his team and the Ramsey team. Love it guys!
I follow both, the Money Guy Show and the Dave Ramsey show and when I saw this video pop up I thought this was going to be the equivalent of The Green Hornet and Kato, vs Batman and Robbin!, debating the baby steps vs the financial order of operations… But, what I got to see was a dream team, sort of the Avengers working together to save the financially distressed. What a banquet, I just sat for almost an hour watching this without blinking. We need more collaborations like this with like minded people, doing things to help others and making an impact without just trying to sell you something, For me, the main take away was, It doesn’t matter which program you follow, just do something and do it now!!! Purely educational. 🎉
Refreshing to see y’all come together and talk about the goal of reaching people who are hurting, not just financially. Like you said, we’re on the same team. I think a lot of people want to place everyone in a box and it doesn’t have to be that way! Can’t wait to see more collaboration!
I have to share this one with the older kids. Life lessons about attitude, focusing on a target, avoiding get rich quick schemes, finding a purpose for work, thinking bigger than yourself, even about not sweating/arguing the small stuff (15% vs 20% when most don't start). Love it!!
Wish the book and author of this topic was given the proper credit!!! His name, Chris Hogan!! The book title, "Everyday Millionaire's"! I still have my personally signed copy when Chris was at Ramsey solutions.
the day you stop living to impress others is the same day you start getting ahead. The book Millionare next door is a fabulous source of knowledge. I have given dozens of these to books to people with promise.
Dave is like the father that makes you feel secure just with being there!
14:09 love this Proverb as it spells it out so clearly: earning wealth is a marathon, not a sprint! Easy come easy go
Baby step millionaire at 41. No debt. Planning on being generous and retiring early. Thank you Ramsey Solutions and The Money Guys! Oh and I live in a NY coastal town. It can be done.
With rice and beans of course!
10:45
Dave missed the wide spread transition to low cost index funds!
He can't tell the truth about index funds. If he did it would cause him to lose revenue from his pay to play broker lead generation service.
"If you stick with you, you're going to be okay", I needed to hear that. Thanks Dave!
It starts with belief. The right attitude is everything.
That was a very encouraging video. I loved the close. We want you to succeed. Go do it! My husband and I met leading an FPU discussion group. We've been walking this road for over a decade. In recent years, we've gone through Money Guy courses and have been blessed by you guys to take more steps. It was so great to see you guys chatting together and showing how you are on the same team of trying to help people. Loved it.
Absolutely, it was also on a video like this where they recommended an FA ,Donald Ben Taylor, I reached out to him last year and he helped me achieve my first million through digital assets
I needed this! I started my journey this year, so far my etf investment account shows minus 4k in value (you don't lose if you don't sell),, but I know that I'm buying them discounted for when they pick up. Im not thinking to retire tomorrow. My journey is 30 years, so I know these hard times will be a drop in the bucket. Really awesome episode and great questions!
I’m so grateful to live in a time where this info is so readily available and free.
This was a tremendous episode!! I appreciated the wisdom that was shared, and the mutual respect that was evident!
“Now it’s just coming through the Ethernet” 😂😂😂😂 oh dave
Lol... I caught that too. His RUclips videos are frequently comedy gold and while he has sincere fans a *lot* of people poke fun at some of his goofy comments. Some are just mistakes, but some are him just not listening.
Do you guys have the balls to ask him about his mythical funds that produce an average return of 12% and how much the return is after costs?
They are out there 😉
Good one Mario. 🎉
@@markusstaheli9512 Anyone can look back at historical data and find funds that have done very well in the past. No one can predict which funds will do very well in the future. You can guess and you might be right sometimes, but it is still just a guess.
This is obviously a friendly collaboration for both entities. Not an interrogation. Calm down sandy.
Thank you to both teams for making this collaboration happen! Can’t wait to share this knowledge with my loved ones. ❤🎉
Never really thought about the fact that Dave recommends about 40% savings rate for a large portion of your career. He said 7-8 years to pay off the house on average. After that, you still do the 15%, plus the 25% for housing can go toward savings.
This is like the scooby doo - batman crossover 😂
2 of my favorite financial podcasts. The dream team right here! Please do this more often!
Hello from Puerto Rico 🇵🇷 , I love both programs.
As an agnostic, I really can bypass the religious remarks. This content is SO necessary nowadays. Building wealth takes time, discipline and effort. Nothing worth having comes immediately. Thank you for sharing. Big fan of Dave Ramsey!
Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.
My two favorite financial influencers in one stage
Couple of my favs collabing! I love it! Dave you’re one of the reasons I became an advisor. Brian and Bo, I’ve learned so much from you all as well!
Great advice here for younger people. There are no financial shortcuts and spend within your means!
My two fav podcasts, thank you for getting together
Hello from Malaysia, you guys are great!! May more ppl find you guys and learn. May God Bless you all.
Boy Money Guys always talked down Ramsey investment advice with Active Manage funds with Index funds or ETFs
🤔 huh
First time I heard of the money guy but been listening to Dave for nearly 10 years now. New Sub with a like and comment. Looking forward in listening to some of y'all's work.
getting into Investing to create a passive income should be priority of every financially literate person...I made my first million from having a secured diversified portfolio that spread across stocks, grade bonds, coins and etfs.. ever grateful to Lisa Rosa Cavanagh my CFA handling my portfolio. smart investing is key
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Lisa Rosa Cavanagh on the web.,she has a great resume.
An everyday millionaire. Well done
I love you guys and I love Dave Ramsey. Seeing all of you together was wonderful.
This reminds me so much of high school. Yes, I know I should study and get into a good college, but friends and being cool is more important. I know I should follow all this now that I’m older, but the same thing applies. Enjoying life is more important right now.
I am saving btw, but it could always be more.
I’m so so SO excited for this!!
Love that you 4 got together and did this collaboration! You all have basically the same values and systems to build wealth. I hope you guys can do this again! Thanks so much
The Days are long but the years are short. I honestly have never heard that saying, but man it's the truth when you get my age.
Awesome session, I can’t imagine all of the lives you have impacted!
What a super team of personalities Dave you should start a new show with these guys everyone waits for their turn and all on the same level of competence
What George said about "belief" is so true. So many people my age think its impossible to own a home or retire. I've owned my home for 5 years now. The only difference was that I believed it was possible and took steps to make it happen.
In my experience companies tend on work on cash not belief....
Key takeaway- what is the motivation or passion behind your daily walk in life? Great question that if each person answered it honestly they could be on the path to a purposeful life! Excellent episode from everyone on the show!
I am one of those nerd millennials that got hooked on Dave Ramsey in 2010 when I had >50k in student loans. By 2012 I had 85k in student loans from grad school. Less than 18 months after starting my first job I paid off all of my student loans and started maxing out my 401k after that. I did make some stupid choices after that but I am now 37 with 400k in savings after being 85k in the hole 12 years ago.
After watching this, I very much appreciate that the Brian and Bo don't refer to their viewers as dummies and as stupid as a rock. (At least, not on the air!)
This. I think the contrast is pretty stark. Dave Ramsey mocked a few people in this video, but he is pretty tame compared to his regular show where he can't avoid criticizing people that don't praise his advice. Even when the evidence clearly paints Dave's advice in a bad light Preston and Bo are pretty tame in their criticism. The difference in professionalism is pretty stark.
Exactly. I mentioned this on Twitter years ago and I was blocked. He talks down to his listeners whereas the Money Guys truly show empathy and understanding.
In the conversation you also can notice that Dave never asks Brian and Bo a question, even if it is out of interest like "how did you build your audience" or something, his comments are mostly pats on the back like "You have done nice for yourselves, good for you".
Yes, Dave is a greater finance guru than Brian and Bo, but he also never lets you forget that fact.
While I'm watching this podcast....I'm interrupted by a Capital One credit card advertisement.
Best in the business right here. Thank you guys as always
Great collab, but I missed the stuff you disagree on. For example, I was hoping for a discussion about whether people should use creditcards. Sure, you can meet in the middle at the end and we know Dave's audience is mostly different than that of TMG, but it would be nice to see the discussion.
I love both podcasts! So good 😊! I want to be a multi millionaire
This is like the crossover episodes of your favorite cartoons as a kid
Never thought this would happen. Great collab!
I think some people (me) have to learn somethings the hard way. The important thing is you grow and learn.
Thank you for all the great advice and information! I love being a financial mutant!
I really like seeing you guys together!!!!
Doing your best to educate people to have a better life!!!
Really cool
When Bo started out at 30:41, I thought he was about to recommend Ramsey Solutions takes their relationship to the next level and enter the abundance cycle. 😂 missed opportunity guys
I'm so excited to see this interaction... I love both platforms! If you're accepting questions, I'd like Dave and even Brian to answer the following question... "Once you've achieved millionaire status either by following the Baby Steps or the FOO, what's next? How do you position yourself and your family long term for true generational wealth? Is business ownership/real estate the only way to build wealth and put yourself in a position to give generously or are there other ways to get to the tens of millions and beyond "millionaire status"?
This was what the world was waiting for!! A classic show in the books!! All legends!!
Literally so excited for this collab! 😊
I always love to see that you are here with the rest of us watching Dave, Brian and Bo. Love your content Erin, keep up the great work!
Me too! Time to go watch the video you released this morning too while finishing my workout 😅
Right on @Erin Talks Money! You're doing great, too, with your content! (Subscriber) *Watching all these shows gives little time for spending money!
WHAT?! My two favorite financial pod casts in the same video!
Fantastic show! I am indebted to Dave over the years and have been so encouraged by the Money Guy Show and Brian and Bo. Great work!
Amazing show and a timeless message from both teams. Please keep this as a featured full episode for all of us financial mutants/Ramsey financial peace family to reference back during our individual journeys to fulfillment and financial freedom. Wealth and wisdom are cooked in a crock pot not a microwave and thanks for continually keeping that in perspective for us!
I love these 2 teams.❤ They have been a cornerstone in my financial journey.
This was a great conversation with all my fav financial coaches.
Oh this is gonna be good!! I'm excited
This was amazing!!!! One for the books.
I think part of the reason Ramsey says 15 percent and the money guy says save 25 percent is client income bias. The Money Guys probably see folks who make more money, thus able to save more
That may be true. Dave’s plan pays off the house early in the steps and invests less. The money guy plan pays off the house later on in the last steps.
@@kenschneider7786 another good point. It’s likely both camps “invest” 25-30 percent. With Dave it’s 15 in mutual funds and another 10-15 in the house. With Money Guy it’s all in mutual funds until at least age 45
Four of my favorite money guys! This makes my work day so much better.