Everyone knocking the guy for making more money. Sudden increases in income or windfalls can be very stressful and overwhelming. You never want to mismanage it.
@@IamtheGL I understand what the title says. Read the negative comments saying he's calling in to brag or saying what a nice problem to have...you'll understand.
I’m inclined to roll my eyes when I hear about people with these “issues” (lol) but I realise it’s a very real thing. A friend of mine, raised in a single mother household with 2 other siblings, graduated from a top university (first one in her house to) with an Economics degree and went straight into an investment bank on a $45k starting salary (which is a lot in the U.K. to start with). Her Christmas bonus was almost $7k and she remarked to me at the time that since she started the new job she was so overwhelmed - she never had access to that much money in her life before. She was lucky and got clued up pretty quickly. She’s now on about $175k and is doing very well for herself. This wasn’t so much lifestyle creep as lifestyle jump out of nowhere lol. They just need solid guidance.
blah blah hey, I can’t speak from experience but a few of my friends (including the one above) who have Economics based degrees all say it’s one of the best decisions they’ve made so I guess that’s a good thing. Even better if you go to a good uni like Oxbridge/Russell Group Unis and so on...
People really be jealous but I'm confused. If you're smart enough to make 500k, shouldn't you be smart enough to know what to do with it? I make half of that but only because I never blindly follow what someone tells me and I always do my own due diligence. Everytime I listen to someone else blindly, I've lost money and especially so with investing
Mike B Imteresting you say if you make it you should know what to do with it. My wife is a physician, makes good money obviously but she tells me of other specialists and surgeons who have no clue about investing and get pulled into all kinds of fly by night investments, and many just live the high life to the point they don’t have many investments. Once we had paid for med school we raised three kids on my salary only and invested hers 100% for the past 24 yrs
@@HamiltonRb yeah high salaries straight out of school I can see as an exception. Most of my income is self made with my own business so I see things differently
They could put it into some good dividend producing investments or real estate. They could buy properties outright! That kind of money gives you alot of options.
Yes. That's exactly the point of the call. It's one thing to imagine and hope for financial success. It's another thing to attain it. Then there are exactly that... "a lot of options," that you don't know: where to start, how to do it, how much to put towards those options, and who/what to trust. And you definitely don't want to make bad decisions out of ignorance and end up losing it all.
"The government takes 40%". Dave lives in one of the lowest tax states. For many people, that is higher, especially when you factor in property tax, gas tax, tolls, car registration,excise tax, gun and ammo taxes etc. Government needs to be shrunk.
If you want to be the worlds superpower it cannot "shrink". Also, you need to hold the individuals accountable for their actions while in office. Too many individuals and not enough jobs around to send. So they favor companies that hire their kids and companies that they can invest in. You think there's no corruption? LOL.
Dave is being dramatic. He does NOT pay 40% of his income on taxes. He's in the highest tax bracket but his adjustable tax income lowers his percentage paid. If he is paying 40% his tax guy is terrible.
We started 501 C, when our business was generating more revenue. We wanted to be a blessing to those that are less fortunate than us. Sometimes by sharing & giving , making a small change in other person”s life was worth every penny. God entrusted us with such blessings, so that we can use that blessings wisely.
This is why having good financial goals is so important. They can get you where this guy is, but it also solves the "problem" of having too much money.
I love these phone calls, but sometimes I wish people would just get to the point and answer Dave‘s questions succinctly. Dave - so how much you making? Caller - I’m really thankful to be where I’m at Dave - so whatcha bringing in my dude? Caller - I thank God that we can be this fortunate Dave - How much money are you pulling? Caller - ummmmm ..... ahhhhh . Oohhhhhh. About $500. SMH.
Haha. Yes it is Jason and I got helped from someone and they’re helping people and they told me when the distribution round is open and how they accept applications I literally log in and filled out my information and within 5 minutes of sending it I received a confirmation email and when the round opens I immediately got The help I need
Jealousy is wishing you had what someone else does. Envy is not wanting them to have it because you can't. Nothing wrong qith being jealous and it inspiring improvement. Take a look in the mirror if you become envious
Great episode! I understood Dave's percentages after I resisted the temptation to equate a "tax bracket" to a "tax set-aside." The 40% is calculated on what is left over after their budget needs are met. So happy for this caller and his family, may they have great joy in life ahead!
@Austin Duke Really cool that you that you took the time to reply and thank you for that info. Awesome, I'm on path to get the azure fundamentals certification so that's great news. Thanks again!
you get a couple in IT, with some 10 years of experience, they can ditch the corporate jobs and open a consulting firm from home and make 500k + a year with contracts easily if they are good.
@@juliajcr Completely agree - obviously it's a function of location as well, but it can be done from almost anywhere if the skills are in enough demand. If I may, do you have any particular suggestions regarding their initial corp jobs role? Still trying to find my way and any bit helps. Thanks :)
@@altvctr consulting firms would be a good start. Places like "the big 4" provide an array of IT services to governments and private companies, they are a great way to get into the industry and try the different specialities from inside. Good luck to you
Randy Alcorn has been giving away 100% of his book royalties since 1990. Dave Ramsey I wish you would do the same. 10% tithe plus "extra generosity" is a pittance compared to the income you are making vs. what you need to live on.
jeffh287 Do not pretend that you know how much money Dave Ramsay gives away. Don’t pretend that Ramsay is a worse person because he doesn’t advertise how he uses his money. Don’t not pretend that it’s even your business.
500k a year after taxes in a low tax state is like 350k… if you have a few kids, 529 will cut that down to like 300, mortgage pay down and Ira 401k gets it down to like 200. It’s really not much.
While it is his money and he can do whatever he wants with it. I USED to work for a company that was family-owned and they were all paid the same amount for doing next-to-nothing for the company. 150,000usd with benefits and this was while the average sales associate made 20,000 average with horrible healthcare and benefits. So, it really depends on what industry you work for, you can provide more for your employees. That said, don't expect for that to happen. People make money for themselves.
@@glorymanheretosleep There's nothing wrong with that practice. Don't like it? Start your own company. There's a lot of sweat and blood involved in the beginning. $20,000 on average could be the market rate for that job. Did you look elsewhere to verify? If not, that's on you.
@@dete503 You lack reading comprehension. I never said it was a bad thing. Just not realistic to expect someone else to pay you what you want to make. And, no, 20 k a year is low.
I think the caller should think about initially funding a nonprofit that benefits veterans since he's got a military background. Many people come out of the military and lack civilian job skills and training and a training company that is run mainly by donations but initially seeded by the caller's funds could be a meaningful way to giveback/donate without just donating money to causes they cannot control or really be confident the money is being used effectively. I always thought if I every got money, I want to create a global fund for children's surgeries. There are just too many kids out there needing medical care, such as dental work which literally affects the growth of their jaws and ability to chew propertly, along with things like cleft palate, etc.
Ironically, that amount of income is just upper middle class in California. At the end of the year, all you would have left is some money for donations to make-a-wish and the food bank..
Man I’ll work for 40k of that to finish my e-fund and buy a new vehicle. Fastly approaching 300k miles on my current one, but I am debt free (don’t own a house)
Incredible. If it were me, I would setup a completely new and separate investment account that is ONLY for extreme generosity on the gains. If your million makes you $5,000 a month, that's $5K of money to help others. (Obviously that's after I have college fully funded for every single kid I care about and gifts to RESPONSIBLE extended family.)
I would know what to do with it! Build houses for single parents, pay insurance for a year and hand them the keys. There's always something we can do for others.
@@Michelle.05could be hurtful to them because it could lead people to deliberately split from their mate so they get paid free home and free benefits When people are told "this decision will pay you" they find excuses to do it.
I'm now on disability from a major car accident. I'm working with less than 1/3 of my original salary. Where can I put money to start saving again? I lost everything from that accident because the drive wasn't fully covered.
Hello please help! Where do I start off investing $2000?! I'm new here and learning how to make my money work for me. I'm thinking of investing in Ethereum, XRP, Polkadot and maybe Tesla. Please help I need sound advice.
Learn to fly. Buy a nice family plane. Get a nice house with a private runway. Go wherever whenever. Get some very nice toys, like a boat, motorcycle and whatever else.
But I think he’s asking what to “do” with his life not what to do with his money. And if I was him: I love books (open a bookstore), I love coffee (open a coffee shop), I love learning and school (get other degrees), I’m passionate about certain social/relational issues (build something for others as a resource for them). That way if I’m bored maybe I’ll work at my coffee shop today or maybe I’ll go talk to people at my resource center who are struggling and continue learning about their lives...
I am kind of shocked always at these I have so much money we don’t know what to do videos. These people are awesome! No shade, but maybe set up a scholarship to help others forward themselves? Giving feels great:
Wow, this guy really needed to ask advice for this? Clearly he's making enough to render himself immune to bankruptcy. After all, everyone knows that all the athletes and movie stars who make millions a year have never once gone broke.
We started poor, but persevered, always living below our means, and still do, even in retirement. Annual retirement income c. 160k. 935sf 30 yr old house, paid cash...540k...4 yrs ago. Ok, ok, we live near the beach in san diego 😉. Cars not high profile, but bought new, paid cash. 1.2 mil in bank. We love fast food, costco pizza, yadda yadda. I buy my clothes at ross, tjmaxx, costco, marshalls. The mrs was a bank branch mgr, i a real estate appraiser (LOL, following a masters in music). Cant figure out why people's eyes are whoppingly larger than their wallets...shrug, shrug.
No, it's not a real issue. After tax and 10% to church, honestly it is not even not that much anymore. Just take a luxurious vacation and invest the rest.
I love giving.. where I have a problem, is giving to charities, or churches. I don’t get the same satisfaction as buying someone’s gas at the pump,or a struggling mother with 4 kids at the store.
![Megan Thee Stallion - Neva Play (feat. RM) [Official Video]](http://i.ytimg.com/vi/TpYTyAaTRts/mqdefault.jpg)
This guy sounds really humble. I am glad he was fortunate in life and hope him and his wife continue to make the right decisions.
Everyone knocking the guy for making more money. Sudden increases in income or windfalls can be very stressful and overwhelming. You never want to mismanage it.
People are envious. Congrats to the caller.
Tuyet Nguyen agreed. Sad we don’t cheer others success more
I'll be the first to cheer a caller that has success... I ask you E W and your likers/supporting commenters to reread the title of the video.
GL my comment is based on the negative feedback in the comment section.
@@IamtheGL I understand what the title says. Read the negative comments saying he's calling in to brag or saying what a nice problem to have...you'll understand.
I wish Dave would have asked him what business he's in that makes $500.
Accounting and Law firm partners/directors make $500K
@@jberlat because this is relevant 😂
Ex military? He's probably working for a military contractor.
Him & his wife are on Onlyfans!
software engineering
I’m inclined to roll my eyes when I hear about people with these “issues” (lol) but I realise it’s a very real thing. A friend of mine, raised in a single mother household with 2 other siblings, graduated from a top university (first one in her house to) with an Economics degree and went straight into an investment bank on a $45k starting salary (which is a lot in the U.K. to start with). Her Christmas bonus was almost $7k and she remarked to me at the time that since she started the new job she was so overwhelmed - she never had access to that much money in her life before. She was lucky and got clued up pretty quickly. She’s now on about $175k and is doing very well for herself. This wasn’t so much lifestyle creep as lifestyle jump out of nowhere lol. They just need solid guidance.
blah blah hey, I can’t speak from experience but a few of my friends (including the one above) who have Economics based degrees all say it’s one of the best decisions they’ve made so I guess that’s a good thing. Even better if you go to a good uni like Oxbridge/Russell Group Unis and so on...
Saw the title and just stayed for the comments.
I’m sure calls like this can come off as a humble brag, but it’s so inspiring to hear from people this
People really be jealous but I'm confused. If you're smart enough to make 500k, shouldn't you be smart enough to know what to do with it? I make half of that but only because I never blindly follow what someone tells me and I always do my own due diligence. Everytime I listen to someone else blindly, I've lost money and especially so with investing
@Salem Mubarak I imagine it would be rare for people who have those traits to even obtain an income of 500k
Mike B Imteresting you say if you make it you should know what to do with it. My wife is a physician, makes good money obviously but she tells me of other specialists and surgeons who have no clue about investing and get pulled into all kinds of fly by night investments, and many just live the high life to the point they don’t have many investments. Once we had paid for med school we raised three kids on my salary only and invested hers 100% for the past 24 yrs
@@HamiltonRb yeah high salaries straight out of school I can see as an exception. Most of my income is self made with my own business so I see things differently
@@Shane-fh4uu You just answered your own question.
Why are so many ppl thinking this guy is bragging? Mad because he has a good income? Just be happy for him.
Half a million q year and dont know what to do? Wow that's a good problem to have 😋
Yeah, I would like this problem.
Jesus loves you money isn’t everything
@@markrothenberg9867 Jesus loves you money isn’t everything
Invest and GIVE like it’s going out of style!
They could put it into some good dividend producing investments or real estate. They could buy properties outright! That kind of money gives you alot of options.
Yes. That's exactly the point of the call. It's one thing to imagine and hope for financial success. It's another thing to attain it. Then there are exactly that... "a lot of options," that you don't know: where to start, how to do it, how much to put towards those options, and who/what to trust. And you definitely don't want to make bad decisions out of ignorance and end up losing it all.
I image this is a common amongst people who have acquired the ability to acquire & accumulated money but not how to allocated it effectively
Stop flexing, start investing
Its anonymous... so how is he flexing? He just wants to manage his money well.
Hey Dave I just became a millionaire, I wanted to ask if I should feed my kids 3 times a day, or 2 times a day? Thank you, again I’m a millionaire
Jealous much?
Be logical here, once a day would suffice
Twice, rice and beans, beans and rice
@@Derek8487 nope, beans in the morning, rice in the evening.
"The government takes 40%". Dave lives in one of the lowest tax states. For many people, that is higher, especially when you factor in property tax, gas tax, tolls, car registration,excise tax, gun and ammo taxes etc. Government needs to be shrunk.
Yeah and he lives Massachusetts. Very expensive state tax wise.
I’m in a lower bracket than him (making roughly 65k a year), living in NYC, and they take about 40%. You’re spot on.
Edit: I am taxed at 25.65%
5:45 👍
If you want to be the worlds superpower it cannot "shrink". Also, you need to hold the individuals accountable for their actions while in office. Too many individuals and not enough jobs around to send. So they favor companies that hire their kids and companies that they can invest in. You think there's no corruption? LOL.
Dave is being dramatic. He does NOT pay 40% of his income on taxes. He's in the highest tax bracket but his adjustable tax income lowers his percentage paid. If he is paying 40% his tax guy is terrible.
Who wants this kind of problem? Like
We started 501 C, when our business was generating more revenue. We wanted to be a blessing to those that are less fortunate than us. Sometimes by sharing & giving , making a small change in other person”s life was worth every penny. God entrusted us with such blessings, so that we can use that blessings wisely.
Help me out please im young teen who's poor
This is why having good financial goals is so important. They can get you where this guy is, but it also solves the "problem" of having too much money.
I love the idea of giving on a big scale ! It brings tears my eyes. I want that ! Thank you for inspiring me.
I love these phone calls, but sometimes I wish people would just get to the point and answer Dave‘s questions succinctly.
Dave - so how much you making?
Caller - I’m really thankful to be where I’m at
Dave - so whatcha bringing in my dude?
Caller - I thank God that we can be this fortunate
Dave - How much money are you pulling?
Caller - ummmmm ..... ahhhhh . Oohhhhhh. About $500.
SMH.
LOL I could think of a thing or two to use half a million on, that's a subtle flex for that guy
That’s an enviable dilemma. I’d be happy to send them my address.
Haha. Yes it is Jason and I got helped from someone and they’re helping people and they told me when the distribution round is open and how they accept applications I literally log in and filled out my information and within 5 minutes of sending it I received a confirmation email and when the round opens I immediately got The help I need
Reach out to them on Instagram @marck_consultants
I’ll send them mine too
Jealousy is wishing you had what someone else does. Envy is not wanting them to have it because you can't. Nothing wrong qith being jealous and it inspiring improvement. Take a look in the mirror if you become envious
I got some student loans that need handling 😂
Pay them back yourself. You'll thank yourself later.
Herbie Husker ok smarty pants. Like I expect a complete stranger to pay my student loans...get a life a grow a sense of humor geez 🙄
Great episode! I understood Dave's percentages after I resisted the temptation to equate a "tax bracket" to a "tax set-aside." The 40% is calculated on what is left over after their budget needs are met. So happy for this caller and his family, may they have great joy in life ahead!
Man I know what I’d do with a $500k a year. Hope they figure it out quickly
Would love to hear more about how they achieved it - maybe it can be replicated
@Austin Duke Really cool that you that you took the time to reply and thank you for that info. Awesome, I'm on path to get the azure fundamentals certification so that's great news. Thanks again!
you get a couple in IT, with some 10 years of experience, they can ditch the corporate jobs and open a consulting firm from home and make 500k + a year with contracts easily if they are good.
@@juliajcr Completely agree - obviously it's a function of location as well, but it can be done from almost anywhere if the skills are in enough demand. If I may, do you have any particular suggestions regarding their initial corp jobs role? Still trying to find my way and any bit helps. Thanks :)
@@altvctr consulting firms would be a good start. Places like "the big 4" provide an array of IT services to governments and private companies, they are a great way to get into the industry and try the different specialities from inside. Good luck to you
@@juliajcr Thanks a lot for the advice and for taking the time to write it :)
"The government takes 40%" hurt my soul.
That's a low tax state 😅
I’m 23 making about 500k a year right now and I live BROKE. I do not know how long this will last so I feel like I have to SAVE all of it.
It will last you a long time. Living way below your means will make it so you have security for the rest of your life.
I got a bank account you can start wiring to. Think of it as angel investing.
Send me over all the login bank information and we can go from there 😏
Hey Randy if your seeing this with your wife send some money my way, and congratulations you guys and everyone deserves the best 🙏🏽 🍾🍾
What a nice predicament to be in!
Randy Alcorn has been giving away 100% of his book royalties since 1990. Dave Ramsey I wish you would do the same. 10% tithe plus "extra generosity" is a pittance compared to the income you are making vs. what you need to live on.
jeffh287 Do not pretend that you know how much money Dave Ramsay gives away. Don’t pretend that Ramsay is a worse person because he doesn’t advertise how he uses his money. Don’t not pretend that it’s even your business.
Sheesh, I wish I had that problem!
500k a year after taxes in a low tax state is like 350k… if you have a few kids, 529 will cut that down to like 300, mortgage pay down and Ira 401k gets it down to like 200. It’s really not much.
Pay your employees more and improve their benefits. There you go.
How do you know he doesn’t? This is HIS take home pay. The company could be taking in much more.
While it is his money and he can do whatever he wants with it. I USED to work for a company that was family-owned and they were all paid the same amount for doing next-to-nothing for the company. 150,000usd with benefits and this was while the average sales associate made 20,000 average with horrible healthcare and benefits. So, it really depends on what industry you work for, you can provide more for your employees. That said, don't expect for that to happen. People make money for themselves.
@@glorymanheretosleep There's nothing wrong with that practice. Don't like it? Start your own company. There's a lot of sweat and blood involved in the beginning. $20,000 on average could be the market rate for that job. Did you look elsewhere to verify? If not, that's on you.
@@dete503 You lack reading comprehension. I never said it was a bad thing. Just not realistic to expect someone else to pay you what you want to make. And, no, 20 k a year is low.
@@glorymanheretosleep Nobody thinks it be like it is but it do.
I think the caller should think about initially funding a nonprofit that benefits veterans since he's got a military background. Many people come out of the military and lack civilian job skills and training and a training company that is run mainly by donations but initially seeded by the caller's funds could be a meaningful way to giveback/donate without just donating money to causes they cannot control or really be confident the money is being used effectively. I always thought if I every got money, I want to create a global fund for children's surgeries. There are just too many kids out there needing medical care, such as dental work which literally affects the growth of their jaws and ability to chew propertly, along with things like cleft palate, etc.
Dave thank you for paying your taxes! I think they will be going up next year. Queue the Dave Ramsey rant in 2021
Dude who does Dave Ramsey’s taxes if he is paying 40% 😳 I seriously wonder.
My Cash app is......
$TherealGL
$SAMUELACHEBUMERE
$sospwarouj
@@Damnnntee check your cash app 🙌🥳
@@acheofficial4709 your name didn't show up when I tried to search it
Ironically, that amount of income is just upper middle class in California. At the end of the year, all you would have left is some money for donations to make-a-wish and the food bank..
Man I’ll work for 40k of that to finish my e-fund and buy a new vehicle. Fastly approaching 300k miles on my current one, but I am debt free (don’t own a house)
40 percent in taxes!!????
Ffffff that!!!! 🤬
I have the same problem, expect without the 5.
Nice! Congratulations 🍾🎉🎈
Invest in Real Estate my man won't change your life but will definitely add on to what you already have!
not everyone wants to play landlord
500k subject to taxation. 37% . They will take home 320k. After the mortgage and the nice SUVs and vacations and dinners... 0...lol...
@@williamedward3198 flat tax? You mean income tax... 500k is in the 37% rate🤔
@@JK20239 look up the difference. They're not taxed 37% on the ENTIRE 500k
The entire $500K is NOT subject to 37%. Google "Income Tax Brackets".
We can trade problems. They'll claw there way through my door begging to switch back LOL!
Incredible. If it were me, I would setup a completely new and separate investment account that is ONLY for extreme generosity on the gains. If your million makes you $5,000 a month, that's $5K of money to help others. (Obviously that's after I have college fully funded for every single kid I care about and gifts to RESPONSIBLE extended family.)
Some guy: I make over 500k a year
Dave: *Sell the car*
0:22 caller states the business.
I listened 10 times and still can't understand the business he "recently got into"
I am always confused how people can create a sucsessful business and not being able to manage the money at a basic level.
Wait, you know what to do with the money.
I was wondering the same thing this week. There arent enough high income or step 456 questions.
I know what to do with it. Send that my way.
Making no decision is still a decision.
That doesn’t make it the best decision. Get off of here copy pasta finance channel
I love how enthusiastic Dave is LOL
That's crazy. Start by saving and look at your needs to keep it simple starting.
For the umpt time, please give me some. Thank you and more power to you.
I would know what to do with it! Build houses for single parents, pay insurance for a year and hand them the keys. There's always something we can do for others.
Do you actually do that? Build houses for single parents.
@@David-fw4ly No, but it's something that I'd love to be able to do one day. There's nothing wrong with giving people a hand up and hope.
@@Michelle.05could be hurtful to them because it could lead people to deliberately split from their mate so they get paid free home and free benefits
When people are told "this decision will pay you" they find excuses to do it.
I'm now on disability from a major car accident. I'm working with less than 1/3 of my original salary. Where can I put money to start saving again? I lost everything from that accident because the drive wasn't fully covered.
I hope everything works out for you
@@perotal thank you. That's very kind to say. One day at a time now that the worst part is over
It’s weird, I make close to this amount, but support 10 people, so I still feel like I’m losing money every year instead of saving.
This is what they mean by good problems
What line of work are they in?
One word : Invest
Is tried to google “dreaming in hd” but still don’t get it....?
I just want 10% of that 😭
HONESTLY loool
Dr. Johnny Sins - I don’t have to work for it! TESLA AND APPLE stocks did it for me!
DREAM BIGGER
Natashea i am talking about at this current moment to change my situation
Make yourself a podcast for the unfortunate ones listening out there and donate some your wealth to those struggling during this economic crisis.
Save the money and pretend its not there bye
People call in should expect Dave to ask for figures 🤦🏽♀️ lay it out
Hello please help! Where do I start off investing $2000?! I'm new here and learning how to make my money work for me. I'm thinking of investing in Ethereum, XRP, Polkadot and maybe Tesla. Please help I need sound advice.
Can someone explain to me how can I make this type of money ???
Learn to fly. Buy a nice family plane. Get a nice house with a private runway. Go wherever whenever. Get some very nice toys, like a boat, motorcycle and whatever else.
Geez, give me some of that money if you don't know what to do with it...
But I think he’s asking what to “do” with his life not what to do with his money. And if I was him: I love books (open a bookstore), I love coffee (open a coffee shop), I love learning and school (get other degrees), I’m passionate about certain social/relational issues (build something for others as a resource for them). That way if I’m bored maybe I’ll work at my coffee shop today or maybe I’ll go talk to people at my resource center who are struggling and continue learning about their lives...
What wonderful side projects! Best of luck to you, I hope it happens!!!
My family having $30,000 in debt: cries in the corner😂🙁
I am kind of shocked always at these I have so much money we don’t know what to do videos. These people are awesome! No shade, but maybe set up a scholarship to help others forward themselves? Giving feels great:
Wow, this guy really needed to ask advice for this? Clearly he's making enough to render himself immune to bankruptcy. After all, everyone knows that all the athletes and movie stars who make millions a year have never once gone broke.
Invest, invest, invest
What kind of business did he say he's in?
We started poor, but persevered, always living below our means, and still do, even in retirement. Annual retirement income c. 160k. 935sf 30 yr old house, paid cash...540k...4 yrs ago. Ok, ok, we live near the beach in san diego 😉. Cars not high profile, but bought new, paid cash. 1.2 mil in bank.
We love fast food, costco pizza, yadda yadda. I buy my clothes at ross, tjmaxx, costco, marshalls.
The mrs was a bank branch mgr, i a real estate appraiser (LOL, following a masters in music). Cant figure out why people's eyes are whoppingly larger than their wallets...shrug, shrug.
Took a tooth and nail to get that answer out of him
How do people make that much money, like what kind of business will be successful like this.
If only we could all have this same exact problem 😐
Levels
That’s it
Each answer is different
I know about 500,000 ways I'd use it..I can Guarantee I'd try and help 500,000 lives that's FACTS.
I would save it for a bad year. Or invest it back into the business if it's needed
Can anyone explain how you get on this show
What does they do for a living making that kind of money?
Doesn’t seem like he was bragging. He didn’t even mention the numbers until Dave asked. Seems humble about it.
Still, I wish I had his problems lol
No, it's not a real issue. After tax and 10% to church, honestly it is not even not that much anymore. Just take a luxurious vacation and invest the rest.
I want to know what business this guy is in!
I love giving.. where I have a problem, is giving to charities, or churches. I don’t get the same satisfaction as buying someone’s gas at the pump,or a struggling mother with 4 kids at the store.
reshi p lol I’ve done that too
this is the type of problem i want to have haha
I want this problem
“Don’t base your decisions on the advice of those who don’t have to deal with the results.”
Buy gold and wait for the nasdaq to crashe. The bubble will pop.
He meant $500 million btw.
I do not think so lol
@@YoungMoneyHotSpot maybe tho
Is the mortgage paid off?
Nice
Buy a Burger King or McDonald’s