Dave Ramsey's Advice For Young People Who Want To Get Rich
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- Опубликовано: 28 сен 2024
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Dave Ramsey explains how to properly handle your money like the rich. He shares 5 simple rules anyone can follow to drastically change their financial situation for the better.
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Dave Ramsey's Advice For Young People Who Want To Get Rich
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hell is not eternal@@treek10k
I love listening to everything this legends say, Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why Jeff Bezos says the market will remain a money den for those who know where to look.
There's a book called Hidden Time Wealth, and it talks about how using some secret techniques, you can overcome procrastination and accomplish anything in life. It's not just a bunch of empty promises; it's the real deal.
Read eat that frog too it’s a simpler straight to the point book about getting over procrastination
- write out a budget
- get out of debt
- quality relationships -- keep good company
- save and invest money
- be generous
Tq
Keep God first and trust in him all these will be added to u
“But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.”
Matthew 6:33 KJV
@@suferys Praying aint gonna get you out of debt.
@@tastic4447neither will Jesus himself
@@suferysPraying is not paying bills lol
The looming recession and the Fed's rhetoric of raising interest rates have investors extremely concerned. I'm not sure what to do with my $600,000 portfolio yet. because we may not enter a recession, and even if the Fed is hawkish, interest rates may not be raised further.
Everyone is uneasy due to the continuous wars in the Middle East. To get assistance with your portfolio, you ought to speak with an FA.
I always preach about the importance of having an advisor.This helped me stay afloat and improve my portfolio 0f $450k by 48% in just 3 months.They have strategies that are specifically suited to your long-term objectives and financial aspirations irrespective of market trend.
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is still down even though santa came early this year.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part, One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
It's not difficult, but you have to learn and handle. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks so much for your helpful tip!
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
All those pple are bots promoting her
Shut up ya scammers. Bunch of bots. Saw the same comment on another vid with a diff person saying the same thing and this guy replying
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
She's known as Julia Hope Marble''. One of the finest portfolio managers in the field.
Im glad me and my wife found dave at a young age, we are 26 and 24. We have applied these principles to our lives and we are sticking with them. I believe we will be successful and we will help others as well. God bless you all
You bot
@@justinreyes2871 you bot
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $70k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
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…
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My financial advisor is Lisa Angelique Abel . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
Crypto is risky as many would say but I think the actual risk in Crypto is not investing. I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful Basically, I just made my first $300,000 in crypto market and I barely don't know how to express how happy and excited I am right now.
Wow that's huge, how do you make that much ?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Antonio. A widely known crypto consultant
Antonio was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Alex Antonio. He is my number one source when it comes to crypto and TA.
I'm a bit perplexed seeing Alex Antonio been mentioned here also Didn’t know he has been good to so many people too this is wonderful, I'm in my fifth trade with him and it has been super.
I am a beginner in crypto how do I reach Antonio Alex for guidance please?
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@AnitaCacoa I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@LagerthaJackson My advisor is Dawn Maureen Humphrey, 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
@@AnitaCacoa she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
This is the kind of speeches I entertain myself during activities that allow me to listen to a speech while doing the thing, this was my first video of yours and I have to thank you since you are a great speaker and I believe you are able to tell things in a very concise, cleare and dramatic way that is able to attract much more audience than many others, thank you very much !
How blessed you have been to have father to teach you productivity produces income. I was given an invoice at 18 for rent. Paid for school myself. Moved out of state with a mattress and 3 shirts. 5 years later I launched my wife’s business and I make 6 figures. Life sucks, work hard and no crying
Oh well and i have narcissistic dysfunctional family. Either way we must own up for our life at some point
You can cry, just pick yourself..as long as you keep pushing, it’s not good to store emotions down…do it privately tho don’t ask for sympathy
How did you find what bussiness to start?
What was the business?
U must be a copywriter
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, and in a couple months, I was able to earn over $350K in net profit They have strategies that are specifically suited to your long-term objectives and financial aspirations.
Wow, that's some good returns and the market havent been in the best of shape recently to cave out such amoun to profits, I'm impressed, if not asking much I would like to know who your ivy-coach is, I would need some assistance on my dwindling portfolio
I started out with a financial advisor called “Lisa Ann Moberly”. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.
I looked up the name and came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have scheduled a call with her.
Nice video as always but here is my problem I have been making losses trying to make profit tradng cryptO. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?
You're right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy, you must be a skilled practitioner.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Angela Rodriguez Elias is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Investors should exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
I wish everyone in the comments section great wealth and prosperity!
I wish the same for you as well
Same to you!!!
Thank you
amen.
These are very valuable info 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 $109k now to put in the market.
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. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
Cant reveal much info, Kate Elizabeth Amdall is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading
Well you need someone with the knowledge and skills,someone that can manage your account and trade on your behalf.try expert Emily Jason
Expert Emily Jason is really the best person to contact and ask for help in trading without fear of making losses than trading yourself or lossing funds to scammers.
Please I need to get in touch with her. How can I communicate with her
+ 1
810
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its 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 with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
i cannot wait to afford a problem like this. 😅
"Pain is not my preferred method of learning, but it is a thorough teacher!!"
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
I once was told you ain’t rich until you lose it all and get it back
That is beautiful ❤️
The journey begins now. Thank you, Dave.
How’s it going?
Same I'm grinding my ass off. I'm going to be rich, no matter what it takes.
Starting today as well!!
@@LONDOO2X Succes brother 💪🏼
I love how he promotes the Bible. Every aspect of scripture touching different parts of life are all important. I'm glad the Lord is using him as a testimony to how His word is wisdom and it works.
"pain is not my preferred method of learning but it is a thorough teacher" - Dave Ramsey
Hello, I hope you're safe over there? I hope this year brings happiness, prosperity, and love all over the world, I would love 💚us to be good friends in honesty and in trust if you don't mind. I'm Doctor Christopher Johnson from San Francisco, California, where are you from if I may ask?❤
this might be the best RUclips video I have ever watched.
It is
*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
wow that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Do you mind sharing info on the adviser who assisted you? I'm 40 now and would love to grow my stock portfolio and plan my retirement.
Alfredo L. Brown FX
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.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice 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.
Trading under the guidance of an expert is the best strategy for beginners.
My friends and I are doing a written budget each month and each week. It does work and each dollar works for us.
teach me
W it kk
Dave Ramsey is a gem.
He’s goofy
@@browniegaming6567 I bet you listened to the end though lol
Where had this guy been my entire life .
What a wonderful human being.
Really, he fired a woman for having pre marital sex.
He's full of it , he doesn't care about you or your money.
Hello, I hope you're safe over there? I hope this year brings happiness, prosperity, and love all over the world, I would love 💚us to be good friends in honesty and in trust if you don't mind. I'm Doctor Christopher Johnson from San Francisco, California, where are you from if I may ask?❤
I love how the he praises the fact that the Word of God changed his life!!! 💯😁
In this perilous time of recession, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. This is for stock holders.
Unfortunately, most people don't get this, the majority is after chasing tops/bottoms where they fail & get out of the game.
Exactly. It wasn't only cutting the grass the approach as well.
*As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much Mrs Eunice Mattia for improving my portfolio.*
This is not the first time I am hearing of mrs Mattia and her amazing trading skills but I have no idea how to get to her
Hey! Please who is this advisor of yours? I guess success really means total knowledge and I hope she can help me get back what I lost. Can I have an easy access to reach out?
The concept of Hidden Time Wealth blew my mind. It’s like finding a cheat code for productivity and defeating procrastination.
Skip to 9:23 for the actual 5 rules
GOD SHOULD BLESS YOU. Thank you.
Or just watch the whole thing. It’s good
A💙
Life changing video man. I appreciate the perspective change
One of the best video’s I’ve ever watched.
“If you aim at nothing , you will hit it everytime “ .
“A budget is people telling there money what to instead of wondering where it went “
9:35 Saving this so I can come back to it.
Dave Ramsey the GOAT.
Thank you for such a thorough yet simple to understand video on this topic!🙏
When it comes to investing, we want our
money to grow with the highest rates of
return, and the lowest risk possible. Whilethere are no shortcuts to getting rich, but there are smart ways to go about it.
The thing about been successful is
working toward it and not going the
other way round..
Hello, I hope you're safe over there? I hope this year brings happiness, prosperity, and love all over the world, I would love 💚us to be good friends in honesty and in trust if you don't mind. I'm Doctor Christopher Johnson from San Francisco, California, where are you from if I may ask?❤
@@annacriuse9495Rich people use their minds more than working.
🙏 One of the Best No Nonsense Advice to manage our lives & finances indeed! Thank You So Much Master Gordon Ramsey for the Honest & Workable illumination! Many Happy Good Blessings in Return to Master Gordon Ramsey! 🕯🌎💜🕊🌷🌿
Gordon Ramsey is a chef…
Dave Ramsey is the guy in the video
@@matthewmclaurin1540 lmao
Exactly the message ive been looking for
Hello, I hope you're safe over there? I hope this year brings happiness, prosperity, and love all over the world, I would love 💚us to be good friends in honesty and in trust if you don't mind. I'm Doctor Christopher Johnson from San Francisco, California, where are you from if I may ask?❤
Pay off credit card debt and leave your cash flow to next to nothing , This is the advice you get here which will crush your dreams
This is such a fantastic speech! I watch it periodically and I really wished I did when I was younger
I’m in much then
A Mind blowing lesson of life ❤
Matthew 6
Treasures in Heaven
19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.
22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness!
24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.
Do Not Worry
25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life[e]?
28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
You must have missed the millions of times he has said build wealth so not only can you live like no one else but you can GIVE like no one else. It's about being able to give and bless those who need it. Using the blessings God has provided you because you obeyed His principles to give to your church, to fund missions, to help single moms trying to survive and take care of their children. To bless your children with a legacy of giving...God wants you to use your blessings and not be selfish or greedy with the blessings He provides
Good and appreciate
To every one who watched till the end, it's clear that you want to be rich, so if you ever fall off the track, remember of this moment
Soo soo true about relationships , was married to an alcoholic for 20 years divorced 8 years ago raising my kids as a single mother and it has cost me not only emotionally but financially a father who didn’t provide or show up today, for his kids. The guilt keeps eating me daily, I saw the red flags but stayed married to an addict. Thinking he would change.or I could fix him. Next life I will choose wisely, non drinker , non smokers God fearing man
Hope you find that
Classic story. Women always going for the wrong person. But ignore the good guy.
@@eseantonio7856 now look at them🤣🤣 struggling
@@JG20204 it’s there own fault.
I am learning this stuff at 38.
I agree, just put in perspective who you are giving too because takers love givers
This touched my soul 🙏🙏🙏
Love Dave, helped me out a lot when I got a divorce in 2019.
Financial success in life depends on several factors: getting rid of debt, educating yourself, switching your mind to long-term goals, saving and investing for the long term. Once you've managed to put together your first million, then it's on its own.
Life hacks well taught thanks I appreciate this video
Dave never fails to inform and entertain. Great video and advice.
''we weren't rich'' - ''my mom and dad were in the real estate business''
Hail Mammon, Hail Clauneck, Hail Bune. All hail the true trinity.
An amazing way to look at wise personal financing from a biblical view. Using biblical references validates what he says! I want to implement these references in my financial choices. Does anyone have the exact verses referenced?
super inspirational omg
Lots to learn here. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great resource to learn from too.
Knowledge bring understanding. Understanding bring futures
I remember when I was young I had no lights on my birthday I thought to my self I would never let that happen to my family again now I make 21 an hour I work more then 70 hours buy stocks doing anything to make money. youngest one too. U can do anything in this world u just have to work for it
I do love him and his advice, I do. But I was a little stumped when he said you have to write down your budget on paper, and specifically said not on your iPhone app. But yet he has an iPhone budgeting app (Every Dollar) lol. So don’t use your app then, Dave?
This is an edit from an older video, this was before he created the everydollar app.
🤣🤣🤣
I think his intent is to use both. Right it down and then use an app as reference. I have heard that advice from several different people.
Anyone else here obsessed with Hidden Time Wealth? It's like discovering a secret formula for beating procrastination!
Easy to implement except a few. But I suck at making money. How can I make money. I can keep it very well. It’s increase the amount I bring in
Hi i know adults usually watch this but i
am 9 and i have been working on saving money . I have a bracelet business and a saveing account with over 250 dollars in it . Keep up the good work 👏 😊😊😊 (:
What if I can’t get out of debt? I owe around $300k in restitution. Even if I file bankruptcy it won’t go away. Also I have about $200k in hospital bills. Let’s just say I did some stupid shit right after high school. Trying to learn more about investing but my past debts could be a problem. At the moment I have only $6000 put away. I’m just a beginner
You should get a lawyer to help bring your debt to reasonable means
maybe you should just leave America
500k debt with only 6k is a very reasonable reason to leave America and never come back
I would speak to a financial advisor!
I’m never even religious but this stuff goes hard
This was very eye opening.
The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 7 months. I know it's nothing compared to what others make but I'm glad I'm changing my finances.
Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you're good to go.
@yung1448How were you able to make that much? Seems like I'm not lucky enough.
@yung1448I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
Definitely grabbing this opportunity. Thanks so much, just found her webpage
Investing in the cryptomarket also changed my financial life. I was able to clear my debt and also created a passive income.
Dave is a great guy. But how was he not able to cover 2 million in loans, if he had double that in homes?
He covered them 2 mill by his homes. The Bank took them away from him
Video starts at 9:37
List starts at 9:37* not video.
This has me crying because it's how I feel when I'm scared
So what to do if you don’t want to live a long life.?What if you have a toxic relationship with family during a life changing event ..how are you to separate yourself from that without feeling guilty? I’m pretty much a loner so those friendships aren’t there. But I am in a place where I am trying to gain control of the now.
You can separate yourself when you stop trying to avoid feeling guilty.
You should hit me up Man U sound exactly like me and I have some great advice for u!
You explained my life to a T
Hello, I hope you're safe over there? I hope this year brings happiness, prosperity, and love all over the world, I would love 💚us to be good friends in honesty and in trust if you don't mind. I'm Doctor Christopher Johnson from San Francisco, California, where are you from if I may ask?❤
God’s word is our light 🔥
While you do this, do your best to enjoy life while you work.
Interesting video. Didn't expect him to talk about the financial Principles in The Bible.
It's good advise. spend less than we earn, invest the difference, and keep re-investing for compound growth. For earning, and saving isn't enough, we also have to learn how to multiply money.
Thank you for the advice
Once you get the knowledge, commit to it. So here’s the knowledge…, Commit to it; and above all learn about God and talk to him about EVERY decision.
🎉Really awesome and amazing. I completely follow.
So mutual funds today might not help when the market can crash any new advise?
Can we get an “Amen”
Very informal video 😊
Amen
"Dave's Loans" lmao the spelling errors on these auto populated captions kill me
I needed this in my life
Money never sleeps. And is like water, it's always flowing. If we stand at the right place, at the right time, we're going to get wet.
I dont read the bible but I watched it trough either way. I dont judge people by their beliefs when the advice is good.
Dave had one of the greatest Dad's ever
How do you mix up loan and lawn???
My dad believes working also he loved working on cars
2 more things I gotta work on
I’ll take the advice!! thank you!
did his advice work ?
Wise people replace their vehicles before the Warranty runs out, and instead of a high rate financing contract... Refinance your home at an advantageous rate, with minimal use of your homes equity with a minimal increase of cost, as compared to the monthly cost of an Auto Financing contract monthly payment. But, remember to pay more to the Principal when you are able‼️💯‼️
Fantastic speech. Actually one of the best I've come up with without a doubt. However, I think staying out of debt is not always the smartest choice... I thinks debt does make sense but just when you are using it to acquire any dividend asset, such as a real estate property.
did you even listen to the speech he literally talked about how that messed up a portion of his life you have to be very careful when creating debt especially when youre young.
I think it messed up his life because it was a private bank or credit union. If you have a 30 year fixed loan the bank can’t just call your loan due. I agree with the perfect storm. Acquire real estate with no debt is nearly impossible
If you listen to Dave more the one they he does say debt is ok for is your home because it is an asset that increases in value, unlike things like vehicles. I suppose if you are comfortable enough that you can buy real estate go for it. I believe what happened to Dave was just bad circumstances and he grew a bit faster than he could handle.
Thank You