The Best Way to Invest Your Money
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- Опубликовано: 6 май 2018
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I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
@@Debbie.Burton The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
The problem is that many people have a "do-it-yourself" mentality but aren't prepared for market crashes, so they get burned. No offense intended. Generally, financial consultants are the best choice for investing. Since January 2020, despite the COVID outbreak, my portfolio has massively grown, reaching seven figures today.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I started investing because I liked the extra money from stock dividends. The key, in my opinion, is to make enough money through both investing and dividends, so you can live off the dividends without selling anything. This way, you might pass on this financial advantage to your kids. I've put more than $600K into dividend stocks over the years, and I'm still buying more, planning to keep going until prices drop more.
Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
he's mostly on Telegrams, using the user.
@proAntonioDaily THAT IS HIS USER NAME
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Your advisor must be really good, how I can get in touch with them as my porfolio isnt doing well.
My CFA ’Rachel Sarah Parrish’ , 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
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
It’s essential to explore all available investment plans, weighing their pros and cons.
Analyzing risk factors is crucial before making a decision.
Consulting a competent financial planner who understands your needs and income stability is advisable.
Timothy Eric Meek an expert manager turns dreams into reality and ensures a worry-free future. He promotes saving for rainy days and controls spending patterns to secure future financial stability.
Timothy Eric Meek is a smart person with great financial reputation.
How can i be able to reach him please
Corrections in the market can occasionally occur after market peaks, but it can be difficult to forecast when and how big they will be. A'massive' correction has been mentioned by some analysts that I have heard. It makes me wonder if I should make any changes to my $10 million portfolios, or even think about making some defensive investments.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Rachel Sarah Parrish a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
If I wanted to get yelled at for 9min I could have just called my dad.
Lol omg I feel that
😂
If you thought that was being yelled at? You’ve lived a silver spoon life. Man tf up
Its cause talking to people like you is like explaining something to a rock.
Trucker RollinThick it was a joke
I’m 15 and I’m trying to learn about money since I wanna pay off my parents debt so they can enjoy there lives
Get scholarships and go to college. If your parents don't have to pay for your college you are already getting them out of debt. I'm not sure if they tell you but the reason they may not be out of debt is because they are saving up money for you. You are helping them by helping yourself
Good for you! My dad listened to Dave Ramsey a lot while I was growing up. I consider that a major reason why I'm in my lower 20s and have never been in debt.
@@josebobadilla-ortiz7405 I only agree if you are going into a STEM field - a lot of degrees like art degrees aren't worth much post graduation. A better return on an educational investment would be to go to trade school and become a plumber or electrician. There's a shortage of workers in those fields and average yearly wages are going up and a trade school education costs 8k-12k vs 80k-120k for a traditional college.
Bro good for you. You are a wholesome person
James Gurung I Hope my son think like you
A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.
On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@MariaJoseSanhueza_ How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@MiquelMorterero Rebecca Charlotte Craig is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
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.
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I have been making a lot profit through real estate which has been the main source of my income.
Sounds great! please I will appreciate your assistance on how to go about it, who's your coach and how good is your coach?
STEPHINE KOPP MEEKS is who i work with look her
Thanks for recommending i find her and left her message online
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
@@maryshea9781 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.
@@maryshea9781 quickly do a web check where you can connect with her, and do your research with her full name mentioned
@@maryshea9781 I’m blessed and realizing I’m not the only one working with KRISTIN GAIL CUNNINGHAM will consider myself lucky. I’ve been able to feed and make a living through her advice and great work. For such a person as her, we owe her gratitude, support, and endless prayers as it is not easy to gain access to such a competent and reliable adviser. She isn’t just wise but has all it takes to handle investment and is good at what he does.
Blcktken300 gang in the house! Thanks for the analysis!
Rocket surgery
Brain Science
Like shooting candy in a barrel
Forty two years of age already putting fifty in 401 want to comfortable by fifty five
creep life 😂
What will Dave’s advice when the entire market crashes? Hard to digest land and worthless paper stocks.
I have a ton of student loan debt.. I took a chance and studied rocket surgery.
Chris Vandernaald 😩🤣😂
mweb1 no one cares
@@mweb1 how tho
@@mweb1 fake or explain how
As soon as he said that, I scrolled down to the comments.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result hard work and hustle over time. I pray that anyone who reads this will be successful in life
You are right Sir
Most people don't invest due to ignorance
But of a truth there are scammers but real brokers are out there too waiting for investors
So don't be scared of giving any one try
@Jessica Robert Wow, you know her too?
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
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.
“HOWD THAT HAPPEN, WHERE DID THAT COME FROM?!” Dave you made me laugh out loud there
Swearrr
"it's really not rocket surgery, people!" 😂😂 Dave you're the best
We
@@tomwright8684 0
I heard it as soon as i read your comment😂😂
The only other subject as hard as Brain Science.
My old wood shop teacher who taught me my craftsman skills used to always say that!! It’s a great way to give people confidence you can do anything, and true
5:43 This guy...I like how he adds, "lots of millions by the way" just in case he hasn't said it enough.
Spot on point of view ramsey. I do strongly believe that in regards to in vestment, in-depth knowledge and diversification is key which is why my interests lie in credible bond ETFs like Fidelity Total Bond Fund (FTBFX), Tata income fund direct growth and other sectors with guaranteed performance & growth.
It’s definitely certain to produce astounding growth in port folio diversification as long as you’re very conversant with the best in vestment tra ding techniques and strategies.
The desirability of stocks and mutual bond funds would be significantly impacted by the interest rate environment, one of the few advises my consultant preaches. It's very important to have one that guides you especially when you're still new to all this.
@@callumfrank Interesting 😯, I have some $ just sitting in my bank account doing absolutely nothing, I wanna get something started with it. You seem to be doing excellent for yourself. Do you achieve this via a consultant?
Yeah with a professional that has got accurate and reliable strategies, backed with proficient making resources that ensure huge percentage gains for me all year long. It’s fascinating and has been stress free considering my mentally draining job..
@@callumfrank That's impressive. He must be well knowledgeable in mutual/hedge fund management or something. How can I reach out to this person please?
SO glad you released this video in particular Blcktken300. I was accumulating AR and then saw your video last year saying that you see Blcktken300 may hit 300-400 and then you changed your view. Great and very informative!!! Thanks
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.......
What I do and have been doing is invest into Stocks, ETFs, mutual funds, and other financial commodities building up my assets, I comfortably live off dividends
I once dabbled in stocks and bought shares worth 9k but was growing slowly and learnt to understand the higher the investment the higher returns plus I lack the skill
how so? I mean invest for profits because I have never done it before although back then I had friends trading stocks and making money but it was never my thing
@@ferasiel425 I use the service of a fiduciary under a great brokerage, that is the most effective way I have known
@@randy4773 I will like a way to connect with your fiduciary to know more on how to start up and how much do you think I should invest for solid profits
@@isaiah8332 I invested about $250k some years back which makes me about $20k monthly ROI still the best way to build up
“I love compound interest.” -Warren Buffett
I pray whoever reads this will be successful, keep fighting for success, the rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, Roar!! Invest, earn and be successful.
But I don't know why people remain poor due to ignorance
@@repliedbajapanesewithhanak6676 it's not ignorance, i believe Investing is good but most people like me don't know how to invest. I don't know where to put my money into.
Investing in the right platform/assets is all that matters. It's better to earn at least 5% ROI on your investment than save and have 0% profits.
Most people wants to invests but find it difficult to invest in the right platform/assets. Some investment turns out bad, that's where the real problems lies, I'm very much interested in investing if only I can find the right platform/assets to invest.
@@helenegrey2441 Investing plays a major role in financial freedom but it also has to be done right in order to be profitable. It's been said that working with an expert has proven to be more successful. I personally work with Expert Rex Coleman and it has been very profitable.
Don’t listen to the trolls but keep on teaching cause I appreciate all the work your doing to help me get rich
Cognitively, the wisest thing that should be on everyone's mind currently should be to invest in different streams of income that don't depend on the govt. especially with the current economic crisis around the world.
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
Crook
*_I’m a 16 year old who was raised by a single mother, my dads never really been in my life and my moms works so hard to get everything for me and I want to become an RN and go to college. Currently I’m working hard to maintain good grades and get a scholarship and buy my mother a big house where she’d never have to worry about anything😌_*
As an educator I love hearing about young people who have drive and ambition and a good plan for a career. Search for scholarships but also inquire about the possibility of school tuition being covered if you work in a high needs area.
Good luck and stay focused!!!
I live same life the same life as you but my dad is rich and I’ve seen how it works and grades and school won’t get u money being good at money and learning how to invest right will get you big time money , don’t waste your money on college waste ur money in investing
Forgive your mother & return to the father
Your mom drove your dad away and turned you into her husband
@@transylvania2259 *_Uhm no he was a military man and died…either way my mother had been my main provider since I was born so no my mother will always be my everything tf- you seem like one of those sexist misogynists_*
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.
Bots.
Thank you~~ have been watching your channel for couple of weeks ago and it's really make sense and it really help me through
Many of these funds that outperform the S&P have higher fees, and most likely are taking on more risk to achieve these higher returns, better off with a low expense S&P ETF with Vanguard
Almost all funds which outperformed at one point can't keep up their record and underperformed eventually
I myself don't understand why it's a goal to outperform the S&P... if you're getting 10% is return on your money... that's pretty good.
Voo
@Bigger Issues fun fact. We have 35 years to invest. Another Fun fact. 500 bucks a month for 35 years at 10% is 1.6 million.
Please never post again.
@SurplusQuintet uhm what? What an idiotic comment
Most straightforward investment advice I have found on the internet. It's not exciting to deposit 10-15% of your paycheck into a mutual fund for 20-30 years, but it sure is effective. I would rather retire a millionaire than have a few good stories to tell my golfing buds.
It’s a balancing act. You might also pass away before enjoying that money. You can live for today AND tomorrow.
@@Ww8.3 agreed, good point
I am new to the idea of investing and wondering how and where do I start? Anyone have any tips for a beginner?
I did my first written budget this morning thanks to your videos. Thank you Dave.
Robert_m33 @ IG assisted me in making cool money by investing in btc. He can help you if you need his help
It is great to do remember to pay your self too been doing somethings Dave says over time an we're out of debt it works.
I already own Shares of Tattooed Chefs, Apple and Amazon I will add TSLA shortly too. But I will appreciate a video on short term profitable investment that could generate up to $1M in passive income for retirement
If you need advise on a short term profitable investment. It may be a good idea to speak with a financial advisor who can help you build strategies based on your individual goals and risk tolerance. My two cents.
I've been working with an advisor for a while now, and I've made almost $320K since the second quarter. Having a financial consultant is currently the ideal course of action, particularly for those who are nearing retirement and are unsure how to approach the financial market.
Mind if I ask you recommend this particular professional you use their service? I have quite a lots of difficulty sorting myself out in the market.
I have worked with a few financial advisors before now but i ultimately settled for *Sharon Louise Count* She is SEC regulated and licensed in US. You can easily look her up.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
The problem with David’s statement is he is assuming that only people that disagree with him are trolls or people that don’t know what they are talking about ...which is false.
Vanguard, schwab, goldman, etc. all have stated that fees will eat up your wealth compounding over the long term and generally will have a tough time beating the market.
Dave is a genius in his methods of getting out of debt and also is correct that people don’t even save for the future (saving rate is more important than the discussion between index and mutual funds), but his advice around investing has been proven in math to be false by many smart people.
I bet he doesn’t mention the fee costs .
Is that in your 401k? Which funds and how long have you been investing in them?
Those are annual fees so you take the 1% each year. Plus the loss of compound interest.
Yeah it's interesting he hates on banks who pay so little for your money
Hate on banks who give you a mortgage to earn a profit
But is super cool with mutual fund fees
@Nathan Pyron Yea Schwab is not bad...
A bunch of funds like VTI with .03% expense ratios
Not really eating up compounding dividends
Thanx Dave. It’s working for me.
Keep up the great work Sir! Teaching common sense to the masses via the internet ! 👍
Survivors bias of funds, most underperform their benchmarks, higher fees ruin total returns... these are all reasons why people should consider a mixture of both index funds and active
He’s the type of grandad to you bubbas! 🤣😂😂
Thank for your help i have successful lawn care business now and doing well
Awesome video!!!!
Thank you
I've watched several of your videos this morning ranging from how to buy a house to this investment vid, and I must say I like your content and believe you're trying to be helpful with sharing what you know. That is appreciated. What is not appreciated is how you so freely call people stupid. It doesn't matter if they wrote a negative article about you or if they egged your car... You show your character. You may get better responses and feedback if you change how you talk and treat people. Millionaire or not. Good luck with your success.
he's not mean about it. People do stupid stuff and it's okay to call it out for being just that, stupid. I've been stupid about stuff, everyone has including him and he admits it.
@@jamestkirkcameron9189 There's a difference in calling out stupid things people do, and straight out calling them stupid. Sounds like you have some growing to do. Take care.
@@JB33Intensly I guess you just don’t understand how southerners talk…
Mutual funds or S&P, it doesn't really matter. 1%, 2% of a difference tops. Either way your money grows about 10% give or take. The important things is investing regularly and you'll make money long term.
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
1. Avoid all financial advisors 2. Invest in low cost index funds.
Reach out to fredmitnick95 []n insta, his investment strategy made me super rich
@@davidwilliams9886 really??
What about fiduciaries?
@@bobguy2362 No all are bad, but if you already know what you're doing ie. Know how to budget and invest you may not need one.
I went with one at the beginning when I was new to finance etc.
Exactly !
Thanks Dave good video
your channel is very helpfull.
Dave is not only money intelligent he is also a nice human being
I personally don't like mutual funds BUT i will agree with you on one aspect. You've got to understand what you're investing in and that is very important plus its not that hard. Very nice video! Thank you Dave!
Epic Mentality That really depends on what my goals are and or what i want, do i want security? One that protects against monetary inflation? Or do i want gains? A return on my money? Or do i want monthly cashflow from an asset? If and when so, i find an asset or investment vehicle that helps me get there. They are investment vehicles after all.
Thanks Dave Ramsey u really changed my life forever am now Debt free I can now breathe .
Simple.... spend little. Invest a lot.
Sometimes it really is that simple.
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.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
The best course of action if you lack ma-rket knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a con-sultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
was guided tho..Julia Hope marble. walked me through the ropes majestically i'ts my ultimate pleasure.
I love Dave's condescending approach.
Great Wisdom!!!
I have been watching investment videos over and over again but I still don't know where to start from or what to invest.
Investment is laying out money to get more money back in future.
Many people talk about investment but do they know that investing rightly is the only way to succeed in life? Of course most people lack the concept of investing right, but you can change that today as you are already in the cryptocurrency space.
The rich keep on growing financially by spending less and investing more and the poor remains poor by sending like the rich yet not investing like the rich
So much wisdom in those words, what do you invest in?
Thank you.... I am a big time crypto trader.
I live in Connecticut and the financial advisor that was referred to me from Dave's partnership wanted me to pay him a 7% fee on my investments. Scam, scam, scam!!!!!
Thanks Dave for more great advice!
Dave, just at the Lincoln joke and the internet, a safe small investment ideea hit me. Simply listening is sometimes so insipiring, Thank You.
Dave Ramsey is great in what God called him to do. He is being persecuted for doing it rightfully and truthfully. There is no shadow of darkness in his blessed endevours. Indeed, when critics appear, greatness is present!!! Give Thanks to God Dave!! Is His Glory in you!! Amen.
My friend's financial advisor "taught" him about mutual funds and then suggested a fund of funds with 2% annual expense ratios and a 5% front load.
Don't just listen to blind advice, be sure to do the research yourself. You'll save yourself a lot of money down the road.
I am just not so sure I want to be average. That's what the S&P is. It's just an average fund where half do better and half do worse. Why would I want to be average? Like Dave says all we need to do is pick the funds that have a better track record than the S&P and invest in those. That sounds like a pretty simple formula and should work for all of us.
It is very easy. Just like Dave said pick fidelity or vanguard with a good track record and watch your money grow!
Michael Jay - Value Investing sz
Oh yeah and he made pretty much all of his money from selling books to people which he never really discloses...
Thank you Michael jay you are right
Love Dave great guy
Your videos changed my life for sure😀😀
i understand but what Dave is leaving out is fees from the mutual fund has eaten into his gain, so he either matched the S&P 500 or made less after taxes and fees from his mutual fund..
Index funds have shown to be cheaper in costs and with good rates of return for extended periods of time. Nothing wrong with investing in index funds in my humble opinion.
It wasn’t hard before I watched this video, but I feel like it harder now thanks
I am based in Canada but invest mostly in the US markets. I am looking for financial advise and guidance as I want to be invested in the market but between work and family commitments there is simply little time. I have a portfolio of about $400K at the moment all in equities. Please let me know of you can help.
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
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 finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
“Natalie Marie Gentry’’ You can easily look her up, she has years of financiaI market experience.
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.
Invest in low costs index funds for the best chance at building wealth.
I don't really see how that is going to prove much since there are many ways to get to your destination.
Anyway, we aren't millionaires although we may be ¾ the way there. That may not be much to some but we never had a combined gross income of more than 80k
I'm a real estate investor. I don't have a "JOB" and I pay little to no taxes. I get paid while I sleep and can be anywhere in the world and still make money. Work for 40 years in a cubicle and then retire a old person with these "index funds"? Be my guest.
Warren Buffett's just in a lot of other top millionaires billionaires period a good book on This Is unshakable by Tony Robbins
Franky Baby have you gone to Thailand?
red blaze If you supplement that with another job than absolutely. I have 2 properties that give me a cash flow of $1500 a month
Thank you
Thank you Ramsey
0:23 it’s true I read an article and it quoted Lincoln and he did in fact say that
Great information....Great videos. I've been using M1 finance app to invest in Dividend paying Stocks , ETFs and REITs....been doing good...also have max matching on my 401k at work....I never miss a notification of your videos...Thank You again for the great work..
Omfg! *Real Source Investment* turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!
Having different streams of income is the best thing to do right now 😊
Perfect !
I can't put all my eggs in one Basket
Wow very deep. Can I use your quote? Thanks
Dave has millions in mutual funds because he makes millions from his books, training courses, affiliate programs, and RUclips channel. Not from his mutual funds and all the fees that are often associated.
Yes! I'm surprised he's acting like this
Yup !
investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself..
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Thanks for the efforts you put in these. I found her and i leave her a message i awit a respons.
Another scam
You have to factor in expense ratios
My only problem with going to sights like this is they hit you like trying to get only 1 or 2 insurance quotes. You get BLASTED every day for months.
It's okay if you don't agree with this type of investing. Many of us do agree. I have 20 positions in high growth/blue chip stocks. I'm getting 15 dividend Pay checks, however I'm up 135 % this year.About 470k this yr. good dividend paying portfolio .although I use an F.A so buy as much as you can and wait for the rebound Only the brave gets rewarded in these times!
@colleher steve The one effective technique I use is staying in touch with a FA it might sound basic or generic, but getting in touch with one was how I was able to outperform the market during the pandemic and raise good profits..
please this all sounds new to me do you by any chance do referrals on your advisor?
@@emilyhowe3359 Certainly I do but I can’t just leave info here, just google her yourself, her full name is " Nancy Jane Gluck" she's quite known she has a website and everything so you can reach her from there..cheers dear
@@katelynrenesse4798 I do not know anything about investing, do you have any book, podcasts, videos that you recommend to learn what to do. I am in babystep 4, 5, 6 and I'm ready to start investing.
@@reealitey HUGE red flag. Don't listen to people like "her". It's a fake account to scam people. If someone tells you to google a name you've never heard of and to reach out to them, it's a scam.
Rocket Surgery sounds complicated Dave.
Great video!
Thanks Dave great video! From a financial advisor of 18 years.
What ur expense ratio on ur mutual fund. I pay 0.03% on voo.
The proof is in the pudding. Daves longevity says alot.✊😁👍
I love his horse racing gambling analogy 😂😂
I learnt something from you today Dave, never wear headphones watching a Dave Ramsey video
Learning a lot from your videos thank for all you do. Not out of debt yet but working on it.
Did you ever make it out?
@@RichardColwell1 not yet. We went a little farther in to save our dog dang Vets are spendy getting close though.
Dave just needs to ignore the people criticizing him. He says he doesn’t care but he clearly does as he mentions it every video.
W~✔H~✔A~✔T~✔S~✔~A✔~P~✔P
+~1~4~0~8~6~6~2~4~6~5~4.
lol! you just took the words out of my mouth
This is not rocket surgery! Best line ever!
My fiance has a PhD in finance and international finance and is on his way to get his BMS in finance....he recently bought 5 stocks but he wouldn't be able to touch that money until he is 70years old
oh wow where did he invest? well visit lyra holt dean on google and signal you was Florica Brumar, she will put you through a host stock revenues i think you should see
or email her here directly information @ lyraholtdean. com
Growth Fund of America is a great example that what he's saying is valid. Even after fees, this fund is a rock star.
Your smart and I'm learning
Listen to Dave for getting out of debt advice, not investing advice.
R Lee is that why he’s richer? Ramsey only knows how to pay bills on time and to stay out of debt, what a concept! Worshipped by idiots.
So people who pay their bills on time and stay out of debt are idiots...your ignorance astounds me. This guy has his own show, has millions of dollars and is successful and you are criticizing him. Focus on your own success and maybe then youll have some credibility when spewing stupid comments.
Exactly. In a dynamic environment like today's, Dave makes no solid point. Businesses, crypto, real estate makes much more sense.
R Lee Who’s the BILLIONAIRE.. Dave or Warren Buffet?
Dave makes money recommending financial advisors who sell loaded mutual funds and other products that generate hi commissions.
Read John Bogle's book, "Common Sense on Mutual Funds." Dave Ramsey says only pick mutual funds that beat the market? Well, over a long investing history, index funds only beat about 90% of all actively managed funds.
Focus on the things you can control: how much you invest; how long you invest; keeping your investment expenses low.
put your kids through college and not some ELP's kids.
I am amazed Dave still hasn't come around on this yet. my guess is it would hurt his pocket to do away with his SmartVester program. He makes money, his SmartVestors make money and all at the expense at working people's expense who dont know better.
Just listen to Buffet. He's got it right.
By the way Dave, I'm not mad at you!
I wish he would share the expense ratios on those funds. He’s prob right but if the ex ratio is 1% then all of those were comparable to voo and spx index funds as their ratios are very low.
Loving the market now I’m averaging 15 percent a week. Monthly 40 percent
I have been watching a few of your videos in the past few weeks and my wife and I decided about a week ago to start doing everything that you say and already a difference is seen. I will continue and I will look for your books. Thank you.