He's Going To Lose It All
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- Опубликовано: 9 окт 2024
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The only conversation about money I have with my family or my wife's family is them asking for money and us telling them no and to make better choices.
"It's loaning money to people no one else will loan money to"
Credit card companies will.
Maybe it's me.... but I have never discussed investing, net worth, etc. with relatives.
You ought to because in one or two ways your shielding from it will one day catch up with you.
I ocasionally talk about interest rates and bank services with my father and siblings, none of us knows what the others have.
I’ve discussed it, but I only disclose what I want and really don’t listen to what I don’t want to listen to.
We do somewhat actually.
Every situation is different. I do many of my relative's taxes so as a result, I know about their finances, and they discuss various personal financial and tax related issues with me. Then again, numbers are what I do. My uncle who I do his taxes is a mechanic. I know very little about the workings of the internal combustion engine so when I need mechanical advice I go to him.
Great advice Dave!
Caller: Hey successful Brother In Law can we chat?
B-I-L: Driving away in his paid off Ford Raptor...ahhhh later dude!
Glory!!! After so much struggles I now own a new house with an influx of $155,000.00 every month God has kept to his words, my family is happy again everything is finally falling into place. God bless America.
I'm inspired.
Please spill some sugar about the bi-weekly stuff you mentioned.
It's Christina Ann Tucker doing she changed my life.
A BROKER- like her is what you need.
I raised 75k and Christina Ann Tucker is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Christina A. Tucker is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!!
Wow 😱 I know her too
Miss Christina Ann Tucker is a remarkable individual who has brought immense positivity and inspiration into my life.
I started with a miserly $1500. The results have been mind blowing I must say TBH
Thats how I did it and lost my butt funniest line I ever heard 😅😅😅
Your videos are art that touches the hearts of your viewers. Thank you for your dedication and talent!♠️❤️🫒
I don't think the "look I googled that so I know more than you" tactic will scare him away. The exact opposite actually, he will try to prove you wrong so he will go even harder at it.
Thank you for your attention to detail and high quality. Your videos are always impressive.🎂🔻✨
Let him make his mistakes.
I know someone who is peer 2 peer lending, dumbass dude lending money to broke people just because of interest. Is this shit even legal?
Well, before trying to and get them to change their minds, it's often helpful to make sure you're right.
I dong see that there's any wrong with peer to peer lending in principle, although I'd want to investigate any particular implementation pretty carefully, and I certainly wouldn't want a large fraction of my money invested that way.
The problem I see is the the guy is borrowing in order to play at it. Of course a body might also have moral objections, because the people who are most successful at lending money to to desperate and stupid are generally not the sort of people one wants to associate with.
I think the first step is going to be to listen. Get him to explain what this investment really is and listen properly to it. Understand why he thinks it is a good idea. Be open to the possibility that he's right (I think the caller said at about 3:00 that he was borrowing to invest in it - that's very unlikely to be a good idea, but investing money you can afford to lose in it might not be a bad idea). If he's interested in p2p lending but seems to be excited about a scam version of it that is making ridiculous claims, then point him towards a legitimate platform that makes realistic claims (ie. returns slightly above what you would get from a savings account).
Ok joke aside I see many people who like Dave says work their butt off but are barely in a surviving mode because working two minimum wage jobs is not sufficient enough to sustain a family specifically when there are kids involved. Many of them do want to go to college get degrees to better their way of life but as a breadwinners and family being dependent on them they struggle in life. This is real life cases I see daily.
Why you shouldn’t have a family before you can support them.
@@silentnot4812well we can’t make that decision for people. If you look at the statistics the numbers of such cases on a rise. Many men that I talked to had a child when they were very young I am not there to tell them how to live their life .
The Richest Man in Babylon, fifth of the five laws of gold,
5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
Yes, talking data, talking research presenting it him from an informed point of view can work.don’t forget to also secretly pray for him
Thoughts on buying tax liens
Ken got Chicken Noodle Soup for Lunch…
Yea, his go to Campbell's Chicken & Stars was sold out.
@@JustinCase780 😂
@@TrazimDollare1982The thumbnail "This is Dangerous" should be referring to Ken's SBD's in the studio.
And the problem? p2p lending is a legit business.
All the hosts thinks everything is a get rich quick scam.
What was this guys red flags?
If it is risky don't expect Dave to approve it looks like. Risk can be carefully and sophisticatedly managed like a bank but you won't find risk management techniques here though.
If this guy is really excited about it, it sounds like it probably isn't legit p2p lending. The legit platforms just provide a return on investment perhaps a percentage point higher than a savings account. It's not something anyone is going to get excited about. Like all good investments, it's boring.
And I think the caller said at about 3:00 that his brother-in-law was borrowing money to invest it in. Borrowing money to invest is usually a very bad idea (a mortgage on a rental property is the only margin investing most people should even be considering). I can't see why anyone would borrow money to invest in legit p2p lending - it just doesn't generate the returns required for that to even look like a good idea. If he's borrowing money to invest in it, someone is telling him he can get massive returns from it, which means it's not a legit platform.
He’s gonna retire at 34? lol?
The hundred richest woman in the world all took shortcuts , they married the money and either stuck it out over the long haul or divorced the man and took 1/2 .
For some of them, there has never even been a man in the picture.
By the way, in a divorce the court system usually keeps the money. It's very rare that the woman actually gets it. It's all a big scam.
Do not waste your time nobody listens
Vote Trump Vance 2024😊. Kamala's husband Doug Emhauf is the principal shareholder of the Blackrock co. There's Lithium in NC and Blackrock just got a huge contract worth billions. Sure she's for the middle class.
1st comment
Vote blue! Don’t let a chauvinist in the White House!
Trump 2024!
Trump isn't chauvinist 😂
I agree Kamala has promised to censor free speech and enforce medical mandates. We need her in power comrade
TRUMP VANCE ❤️🇺🇲❤️
Trump 2024 🇺🇸