Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
Amy Desiree Irish has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. So yes i think every investor should consider a similar approach.
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
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
The best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
Amy Desiree Irish 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.
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.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Carol Vivian Constable 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..
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
It's not to late I'm 43 I've completely 180'd my direction I own my house only took 6 years. In fact I bought another fixer upper lake view property with the equity from my house. Already got an offer on it I'll be doubling my investment as soon as the paperwork goes through. The best part I just finished it after only a year. Now it doesn't come without sacrifice I work a full time job in industrial construction. Spent my weekends working on that property.
Solid financial management enables the CFO or VP of finance to provide data that supports creation of a long-range vision, informs decisions on where to invest, and yields insights on how to fund those investments, liquidity, profitability, cash runway and more.
In business, financial management is the practice of handling a company’s finances in a way that allows it to be successful and compliant with regulations.
Timothy Eric Meek can help finance teams or individual investors achieve these goals, he combines several financial functions, such as accounting, fixed-asset management, revenue recognition and payment processing.
My wife and I went through some of Dave's courses when we were in our 20s, and now we are completly debt free except for the mortgage in our 30s. We had times where it was tough and not fun to live on a tight budget and focus down debt, but coming out the other side, it was well worth it!
While its fun to give "credit" to hard work fiscal stuff. End of day there is alot of luck maybe its knowing someone at a company getting job better than most that way. Every year another "good" job gets added to shitcan list. Truckers used to be solid six figure job and while some exist for most part. Its a exploitative industry that after "expenses" your lucky to make min wage. Sometimes people "owe" money when its paycheck time. BUT more and more industrys "construction/trades" is a big one thats always shifting. Where there is another but you have to choose x trade x location x company x x x . Get lucky don't get sick. House you bought while back I am guessing "right around crash". You happened to not be laid off desperately looking for work had cash at prime time. Others that "didn't have that luck" born younger or maybe were one of ones screwed during recession. Simply will spend next decade or two hemorrhaging money to landlords. Unable to save up for down payment. I get that it feels good to think you made all the right decisions. BUT a simple game of "what if" what if my company had laid me off then. What if I had developed a serious long term illness that affected work or delayed school. What if we had been born different year. Entered college later saved later. People for some reason confuse this as "evil poors being jealous" but its asking for "empathy". NOT to forfeit what you have. BUT so if you ones of the 100 million people that doesn't have single hiccup ever. That those without same luck. Can not be bankrupted by a unexpected illness. That maybe not waiting for recession to be able to buy a house is normal. Like simply making it so "right choices today" mean success tomorrow. Because I have seen plenty that choose x great choice. Then job housing or other market shifts or something 1000% unseen. And suddenly it was "wrong choice". And everyone plays captain hindsight. Like one friend he had in decade of planning and executing his chosen profession. NOT ONCE heard a bad thing. The market shifted and was terrible pay awful treatment. And suddenly everyone was "critical of his choice" the same that supported it previously.
Dave Ramsey will change your life. 100 percent. If you can't afford his book, hit up a garage sale, Estate sale,good will store. He is your foundation stone, build off his knowledge. It reminds me of a story. My brother and I were helping Dad spilt logs. After my brother and I were down cutting, Dad says to us, I have a gas splitter. Lol ...the moral of the story is, if there is a tool to make it easier use it. David Ramsey is that tool. Pick it up.
I am an active duty service member and I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160k portfolio which seems to be stagnant and maximize return on my investment.
You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
The difficulties that the current generation faces are quite depressing. I wanted to know how to use some money that I had. I used a small portion of it for online sales, but that failed. My primary concern is safeguarding my $300K stock portfolio from loss, but I'm not sure how to go about it.
Yes, things may be difficult now, but I've realized that there are always possibilities to make significant gains in bear and bull markets, recessions, and economic booms. I used to call people out when they boasted about making a fortune in these down situations, until I actually did.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
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
Elisse Laparche Ewing 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 was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
MELISSA MAUREEN WARD 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.
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.
Financial books have been so helpful. I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.
Credits to *ROCHELLE DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....
Newbie investors should be focusing on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
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
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.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I began my investment journey at the age of 27, primarily through hard work and dedication. I'm 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 longevity.
In my journey to financial freedom i learned to find quality stocks that have long term potential, and ride with those stocks but it takes someone who is very familiar with the market to make such good picks.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns and that's why eeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1m.
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 was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Laila artine kassardjian' 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.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I'm an RN and my wife stopped working 32 years ago. We started with nothing and I'm retiring at age 65, in February, with a net worth of about $5,000,000.
Stocks are risky as they are tied to paper. You can make money but you need to actively monitor each company so you know when to sell, if buying individual stocks. Financial advisors only know mutual funds and other paper assets and make money on the funds’ fees. Paper is fine unless the dollar collapses. The wealthy people I know get ahead through other non-paper investments. Real estate is common. Private vs. public assets/investment opportunities. They converted their 401k fund into an eQRP so they can invest on their terms and have greater control. They also meet with their CPA regularly to review both their tax reduction plan and wealth preservation plan. It’s not how much you make it’s how much you keep. Do a lot of research before you invest into an asset that you don’t understand. Learn to hone your due diligence skills and vet properly each deal. Most importantly, be patient. If you rush into a deal you don’t understand you should be unsurprised if you lose your invested capital. The tax code is ripe with ways to lower your taxes legally including incentives. Most people rely on a financial advisor to teller them these things, but they only offer what their company is either pushing that week or has as a product. So their input is biased. Good luck.
almost no one has done better than the market overall in any 10 year period. Invest in the market. I use Vanguard. Low fees and indexed. They have funds based on where you want to be when you retire that will adjust automatically to keep earnings high in the near, but lower risk toward the end.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $935k in three years with my advisor
@@ThomasChai05 I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch ?
My daddy a poor man, grew to be middle class, taught me generosity. Generous people are God's people . Taught to give even when I am broke. And God always provides.
I’m going to get started today. I’m recently divorced, a dad of 2 and now will be fighting for sole custody of my sons on top of being in debt but the simple fact you(Dave) are a man of God I’m gonna put my faith into God and this plan.
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.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise 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.
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. I have a couple thousands saved up which i want to invest for long term now. Listening to you gives me inspiration and wisdom. Thank you so much,!
Maybe you should consider having a mentor this time around. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@georgeh I agree with this. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@josephbush That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@tommymyershoffman I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@josephbush This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Heather online and researched her
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.,
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
I invest across the top markets but not by myself though. I follow the guidelines of *Nolan Velden Brent.* you might have heard of him. I can correctly say he's worth he salt as an investment advisor as he diversification skills is top-notch, I say this because I see that in his results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what he places and not just on some particular industries of my choosing. he gave me that financial freedom I needed
search him up on the internet with his name. he's quite popular for his services as he was recently featured on CNN. he can work with anyone irrespective of where you're located.
@@stjepanhauser7595dollar cost averaging in a total stock market index fund. You can seek out a “fiduciary” financial advisor to help you invest wisely according to your personal comfort level with risk
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
Nothing wrong with what Dave teaches. It is common sense. But his teachings are for the common 9-5 people who value safety and comfort. Again, nothing wrong. What im saying is if you want to be rich, dont listen to Dave. If you are terrible with money and want to live an average life then Dave is definitely the right guy for you. But speaking from personal experience, I wouldnt be where I am at today if it wasnt for some risk taking and leverage(good debt). Last year I went from 5 figures(around 60k) to 6 figures(around 240k) through real estate. Thats from leveraging good debt. I got a construction loan and built 2 houses and it paid off huge. No rich person got rich by paying everything in cash. I am in my mid twenties and I wouldnt have that much money this young if I was working a regular 9-5 and playing it safe. I just dont like how Dave preaches that all debt is bad. Just my opinion and personal experience.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. In just 5 months my portfolio grew by $300k in gross profit, the main thing is to diversify your portfolio and you will see amazing results by investing smartly.
@Trevor Ogden Yes i agree and right now the markets are going berserk. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, "LISA ELLEN SHAW" she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@@Ammo-Hoarder Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@Ammo-Hoarder This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!
Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
Working with a financial expert is the best way to deal with this market, most people have never experienced a bear market and that’s why their emotions are all over the place. I have been guided by ''Pamela Kay Regel'' who has made me understand/see that returns can be made in bear market as well and i have been doing well with 15% on monthly ROI
Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
The coach that guides me is Pamela Kay Regel, she's a registered advisor and has a wide presence on the web, so it shouldn't be a hassle to find her details online.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Is the stock market actually getting better or is this the regular end of year market manipulation to entice new investors, I'm currently sitting on an inheritance of 500k and i'm wondering do I invest in stocks or Gold?
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from rebalancing if you do not have guidance from a planner and Advisor/strategist. My finances have been in order since I got a wealth planner like Monica working with/for me. This approach has helped me stay financially secure for over nine years, yielding nearly $1m ROI.
Michelle Christine Parker deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@@SteveMayer-xt1rg The adviser I'm in touch with is ''Elizabeth Pan Holt ''. He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
@@SteveHaynes-x9t Thanks for the tip, I merely looked her up on Google and was highly impressed by her credentials; I just booked a call session with her.
I wouldn't recommend chasing dividends. You should ask yourself why the company needs to pay you to invest in them. Growth stocks are the way to go. Look for companies that are continually increasing their revenues while being at least somewhat profitable. You'll make far more money if you find one Apple, Microsoft, or Amazon stock than you will ever take in with dividends. Dividend stocks give a false allure of safety. No investment is fully safe, and dividends are no safer than growth stocks while having far less upside. At the very least mix it up. I guarantee you will make more off the growth stocks over time as long as you pick the ones that continually increase their revenues. Unlike Ramsey, I never needed to learn these lessons the hard way. I have credit cards, but I NEVER pay interest on them. I don't even know what the interest rates on my cards are because I don't need to.
Biggest benefit to me financial strength was creating a budget, got married and it was a battle with my wife for her to be on one. Finally broke her down and she was amazed at how much better her finances were. Such a simple thing that has such a strong benefit.
@@KevinNordstrom Yeah right because when dating woman so many are going to be so willing to have an in depth discussion about their finances with you 🙄.
Anyone who says money doesn’t make you happy has never done anything really fun with it lol 😂 saving is great but it’s important to reward yourself as life is too short. Save, invest, spend on fun stuff using your savings & keep a float for emergencies & enjoy life :)
@@catherinedesilets8960 Can't disagree. This means you can afford to do fun things. That doesn't mean being extravagent. I'm taking taking a weekend trip in a nice cottage up north. Pay for some from 5k and 10l races, some destination travel like visiting a foreign country. Like Dave said, have enough wealth to enjoy your life. Not be a billionaire who squanders all his money or stands in front of a crowd and shows off giving a few $10ks to a charity.
If a lack of money makes you unhappy, you need to cultivate meaning instead of letting it depend on materialistic items that have no meaning outside of the system.
The most freeing moment of my life was when I realized I didn't need to depend on outside circumstances and resources in order to be happy. (: not saying money isn't valuable and it certainly does cause some misery being without necessities for sure! But I will say - I truly believe happiness is possible in every circumstance and some of my most beautiful memories have been fostered in times of poor wealth.
House paid car paid and new Harley paid all off. It took me 61 yrs to abide by Dave rules oh what a feeling!!!!! You can still have nice toy's. and live a better life without payments.
Maybe they speak from experience. They've learned that lesson the hard way. Also - part of Dave Ramsey is literally be generous. I've met a lot of generous people who have a lot of wealth and I'm grateful they are where they are at in their life because they do a lot of good behind the scenes.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That's The key to being financially stable
I'm celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Crypto is a whole different ball park. I would only invest funds in it that you are willing to lose or dont need. In terms of day trading crypto I don't keep an eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
A good investment portfolio manager work with individuals, families, and institutions to create customised strategies for growing and protecting their wealth.
Timothy Eric Meek does all this including helping students with financial planning for college tuition and work to ensure that money is invested in the most tax-efficient manner.
@@rosettadenton2876 Yes my thoughts exactly. Many of us haven't got the time to be patient You have to stay positive (yes easy said than done ) but you have to do. You need to get advice on this. Good Luck. 🇬🇧
Im almost in complete agreement with Dave on everything. However, if you pay your credit card every month and have the self control to only spend on it what you would on a debit card, I see no issue in having one. I haven't paid a cent of interest in 7 years and consequently I haven't paid for a hotel room in the same period of time while investing 20% of my income. If you have no self control, don't have a credit card of any type though.
Thank you Dave for not making people who don't have a budget, job, etc feel dumb. Thank you for simple, non-intimidating ways to make smart money choices.
The 4th rule saved me. My company shut down after 55 years of existence because of covid. Saved for one year worth of emergency funds and now it's Raining. Unemployed and being older is making it harder to land a new job but without the savings I would be under the 405 fwy bridge. Always assume you will lose your job and prepare accordingly.
I have been laid off a few times due to no fault of my own, worked hard to build savings, now I can pay off my house, but I am hesitant as the large savings is a comfort blanket.
Curious about top investors' millionaire-making strategies, I'm eager to grow my $295,000 nest egg. Investing in stocks could provide attractive returns through capital appreciation and dividend yields. But timing is crucial - should I invest now or wait for improved market conditions?
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
The majority of individuals downplay the value of advice until their emotions become too much to handle. After a lengthy divorce a few summers ago, I needed a big boost to keep my business viable. I discovered the most qualified adviser after searching for licensed advisors. Despite inflation, she helped me grow my reserve from $350k to $970k.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant 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.
With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals, but you need to be a skilled practitioner to carry out such successful transactions.
Indeed, that's accurate. I've been in contact with a financial advisor who manages the entry and exit strategies for my portfolio, which started with an initial reserve of $80K and has since grown to around $550K.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Great video. My 2012 Malibu is paid off. I'm 70 and happy with the Chevrolet. Car is dependable and I keep up with the maintenance. My house payment is low and even though I could get 3x more than I paid 15 years ago, I can't live this cheap anywhere.
The average car payment as of 2023 is $700! Insane!! We love Dave Ramsey in this house. His tough love approach is what helped us get mad and get out of debt for good!! Now we're raising money smart kids and we are SO EXCITED to see how much wealth they build over their lifetime :)
I am really happy to see the education like this from Mr Sam, Deymon, said and used the word consistency in the profit need to maintain to achive the goal So it will be helpful for all newbies trading the financial market.
. I was at first scared of investing under his company platform but I summon courage and gave it a shot and behold I made my payouts with an impressive results.
All I can say is that nothing beats expertise when it comes to making money. I just keep watching these clips, and as I get better I'm earning with guidance.
I used to be in the exact position almost a year ago. All that changed after I decided to start paying attention to my finances. With the help of a pro trader, Herman W Jonas, I’ve gotten into stocks and FX, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio. Here,
I agree with you Mariam. That idea is applicable in all aspects of life. With experienced hands, you generally, get things done more efficiently. Smart people know this already.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
@AustinWashington-jp6jdYou're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before. The idea of the whole trade market is something I still can't wrap my head around.
I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Creating wealth and gaining financial freedom isn't as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..
The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I came across this by accident, and boy is it great advice. I knew it all, I knew it all. Yet here I am, broke with no budget and lots of debt... Thanks for the enlightening, time for a CHANGE is now...
To all you people who say it doesn't work and it is a fraud, so I'm not trying it. I can't think of anything you could do in life that would limited you more then that thinking. I'm sure you think you can't get across the street by putting one foot in front of the other then repeat that till your on the other side of road. Helplessness will lead you no where.
Great video from Dave. But let me just warn you folks out there: be careful with bots posting comments about financial advisers here, and don’t fall in their trap. If you feel you need a financial adviser to help you with your investments just look for a good fiduciary in your area and have a consultation. Alternatively you can find plenty of advisers at any of the big firms such as Fidelity Investments. Beware!
I am on my way too...excellent advice and the feeling is the best thing ever....I pay off the first one of my debts next week...and the snowball rolls on to debt 2....I have 6 in all....and will have 5 of them done and dusted by in 12 months!
Those who start with some I know. But when you have income working it's hard to use this super power. I learn almost everyday more. Managing your own money is needed to get no slavery.
Very true. I was always ambitious person but because I hung around drugs addicts I was a drug addict for a very long time until I decided to remove myself from those people and went to go and study. I am now a qualified mechanical engineer and have just completed my electrical qualifications as well but not stopping there.
Technically, if you were an addict you needed to take steps to break the addiction then find, learn and consistently choose different coping mechanisms. As a brain damaged victim of criminals who dealt many illegal things, I started out going to school, working, paying my bills & saving. The violence and corruption that comes along with organized criminal activity destroys innocent lives and shreds the American justice system. Some of us don't get to just walk away.
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
As with an my big financial decision,it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe
@@hermanramos7092 yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ‘’’Catherine Morrison Evans'' she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
Sure, the Investment advisor that guides me is '''Catherine Morrison Evans'' and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@@kenanporubsky2122 ''Christine really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
By following Dave's principles I rose out of debt and live completely debt free. I didn't sign up for a course . I simply listened and applied common sense . Thank you Mr. Ramsey!!!
Ok Dave, I was totally with you on steps one, two, and four. I hadn’t thought as much about points three and five. Never considered how important the people you hang out with are. I try to be generous because it feels good and when I help others it just seems to come back to me. So when I watched this I realized how lucky I am. Through no real thought or action on my part, I have consistently met and know some great friends who live and behave like I want to (if you knew these folks I think you would agree that I am in good company). Also and very fortunate for me, my father (and Grand Ma as well) taught me to avoid debt, save, and try to treat other folks well. My dad also taught me the difference between the virtue of being thrifty and the Vice of cheapness. Thrift is when you eat at home because you can’t afford to eat out. Cheap is when you go out to a fancy restaurant, have good meal, and then don’t leave a decent tip because you can’t afford to. Thank you for all your good wisdom.
The investing part is very important, even though it may seem like stocks are falling. I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this bear market?
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain, or get a good portfolio manager.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a popular economist on a popular forum. Long story short, it's been years now and l've gained over $850k following guidance from my investment advisor.
I really don't like making such recommendations, lest I get labelled a bot. Lol. But there are many freelance wealth managers you could check out. I have been working with Sharon Louise Count for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Laila artine kassardjian' 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.
I CHANGED before there was a Dave Ramsey. You can too. We all make mistakes. The secret is to learn from those mistakes. It takes will power and not being greedy. It's like life. It's a marathon, not a sprint.
I struggled financially, but by being frugal and smart with money I was able to retire comfortably at 59. I'm SUPER HAPPY that I don't have to worry about money or have to go to work. It bought me happiness!
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
My CFA NICOLE ANASTASIA PLUMLEE 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 saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money investing. For example last year I invested 70k in blue chip stocks and crypto, with the help of my advisor ‘TERESA JENSEN WHITE’ and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
My husband and I didn't get financially serious untill our 40's. I really wish we started sooner. Finally being debt free was such a weight lifted off our shoulders. Live within your means. Enjoy what you already have and stop trying to keep up with the Jones's, you're not them.
Well, I always budgeted, saved for a rainy day, I tipped well and donated to good causes, helped others with money, time, or things. I never owned a new car, I alway bought used and paid off early. I have one credit card for emergencies, currently 0 balance due. One debit card. Only thing I don’t do is surround myself with people. Rich people, poor people, upstanding citizens, druggies, none of them. I am too introverted. I have two very good friends since I was seventeen. Both are very extroverted. They are the only reason I leave the house if I’m honest. One helps me to push myself out of my comfort zone the other helps me interact with people. So I hit four of your five and I am working on including more people in my life.
Best video I've watched for some time. 5 rules are lessons for life no matter your financial situation. Generosity touched me with new perspective. Thank you Mr. Ramsey.
My parents were poor. My dad worked his tail off to make just enough. Our house is almost paid off. Credit cards are almost non existent. We have an emergency fund. We should be good for just over a month if my husband loses his job. I'm setting up another online business. We barely have any debt.
" We should be good for just over a month if my husband loses his job" . That is not good, you should have at least 3 months cushion of a job loss if not 6.
Follow most of Dave’s principles. We do have two credit cards usually saved for emergencies and/or security reasons. It’s very difficult to recoup monies from a debit card should an account be breached. Skimmers are common near us. I will only use a credit card for online purchases. We do pay off credit cards every month and stick to a budget. We also get some points and cash back which is a bonus. Both cars and our home are paid off.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from ELISSE LAPARCHE EWING who's a guru in the game, you can be passively involved with the aid of a professional.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
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?
I work with Elisse Laparche Ewing as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Amy Desiree Irish has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. So yes i think every investor should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.
Thank you for this amazing tip. I just looked the name up and wrote her
up, to schedule a call. many thanks
1.Budget money 2. Get out of debt 3. Foster high quality relationships 4. Save and invest 5. Be generous
Thanks
thank you! for saving me time!
Thnx
Thanks!
Invest in what?
Wealth isn't about a 9-to-5. Billionaires invest in stocks and think differently.
You are right, Investing beats saving. It grows your wealth and boosts your financial future 🫡
Consistency in common sense yields greater returns than occasional brilliance
Diversify your income streams, reduce reliance on government paychecks. Invest in Stocks, Forex, and Digital currencies to weather the economic storm.
Trade with confidence: learn from experts and start strong.
Petra Nguyen is my mentor, I also watch her on the news, she is a great trader
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
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
The best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Amy Desiree Irish 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 amazing tip. I just looked the name up and wrote her.
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.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
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
Carol Vivian Constable 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..
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Thank you. I need to learn. Who do you recommend reading, please?
Scam accounts!
I needed to hear this 20 years ago. I'm 40 now. I'm starting today. I'm deciding to change today.
Be disciplined. The more strict, you are the quicker you will obtain what you are striving for. ✌🏽
It's not to late I'm 43 I've completely 180'd my direction I own my house only took 6 years. In fact I bought another fixer upper lake view property with the equity from my house. Already got an offer on it I'll be doubling my investment as soon as the paperwork goes through. The best part I just finished it after only a year. Now it doesn't come without sacrifice I work a full time job in industrial construction. Spent my weekends working on that property.
Great
@@soverien41how can i use my equity
Hallelujah me too.🙌🙏🏾🥰
Solid financial management enables the CFO or VP of finance to provide data that supports creation of a long-range vision, informs decisions on where to invest, and yields insights on how to fund those investments, liquidity, profitability, cash runway and more.
At its core, financial management is the practice of making a business plan and then ensuring all departments stay on track.
In business, financial management is the practice of handling a company’s finances in a way that allows it to be successful and compliant with regulations.
Timothy Eric Meek can help finance teams or individual investors achieve these goals, he combines several financial functions, such as accounting, fixed-asset management, revenue recognition and payment processing.
Building on those pillars, financial managers like TIMOTHY ERIC MEEK help their clients in a variety of ways. It’s so interesting to know.
How can i be able to reach him please
1:36 - Get on a budget
2:36 - Get out of debt
5:24 - Foster high-quality relationships
7:58 - Save and invest
10:18 - Generosity
Thank you.
Hey whats Foster high quality relationship mean?
Budgets don't work.
Just buy in cash and if you don’t have the cash you don’t need it
@@skoden204 find good friends, good partner. Not friends that will rip you future. No criminals, no people that dont know how to manage money
My wife and I went through some of Dave's courses when we were in our 20s, and now we are completly debt free except for the mortgage in our 30s. We had times where it was tough and not fun to live on a tight budget and focus down debt, but coming out the other side, it was well worth it!
While its fun to give "credit" to hard work fiscal stuff. End of day there is alot of luck maybe its knowing someone at a company getting job better than most that way. Every year another "good" job gets added to shitcan list. Truckers used to be solid six figure job and while some exist for most part. Its a exploitative industry that after "expenses" your lucky to make min wage. Sometimes people "owe" money when its paycheck time.
BUT more and more industrys "construction/trades" is a big one thats always shifting. Where there is another but you have to choose x trade x location x company x x x .
Get lucky don't get sick. House you bought while back I am guessing "right around crash". You happened to not be laid off desperately looking for work had cash at prime time.
Others that "didn't have that luck" born younger or maybe were one of ones screwed during recession. Simply will spend next decade or two hemorrhaging money to landlords. Unable to save up for down payment.
I get that it feels good to think you made all the right decisions. BUT a simple game of "what if" what if my company had laid me off then. What if I had developed a serious long term illness that affected work or delayed school. What if we had been born different year. Entered college later saved later.
People for some reason confuse this as "evil poors being jealous" but its asking for "empathy". NOT to forfeit what you have. BUT so if you ones of the 100 million people that doesn't have single hiccup ever. That those without same luck. Can not be bankrupted by a unexpected illness. That maybe not waiting for recession to be able to buy a house is normal. Like simply making it so "right choices today" mean success tomorrow. Because I have seen plenty that choose x great choice. Then job housing or other market shifts or something 1000% unseen. And suddenly it was "wrong choice". And everyone plays captain hindsight. Like one friend he had in decade of planning and executing his chosen profession. NOT ONCE heard a bad thing.
The market shifted and was terrible pay awful treatment. And suddenly everyone was "critical of his choice" the same that supported it previously.
Dave Ramsey will change your life. 100 percent. If you can't afford his book, hit up a garage sale, Estate sale,good will store. He is your foundation stone, build off his knowledge. It reminds me of a story. My brother and I were helping Dad spilt logs. After my brother and I were down cutting, Dad says to us, I have a gas splitter. Lol ...the moral of the story is, if there is a tool to make it easier use it. David Ramsey is that tool. Pick it up.
I am an active duty service member and I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160k portfolio which seems to be stagnant and maximize return on my investment.
You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The difficulties that the current generation faces are quite depressing. I wanted to know how to use some money that I had. I used a small portion of it for online sales, but that failed. My primary concern is safeguarding my $300K stock portfolio from loss, but I'm not sure how to go about it.
Yes, things may be difficult now, but I've realized that there are always possibilities to make significant gains in bear and bull markets, recessions, and economic booms. I used to call people out when they boasted about making a fortune in these down situations, until I actually did.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
@Scott Nicole Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
Who introduced her to me.
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
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
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
Elisse Laparche Ewing 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..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I have been without my credit card for over two years. I paid it off. The freedom is priceless!
The CC wasn't the issue. It was the way you used it. If used wisely, the benefits are rewarding.
I am in similar condition. Almost there!
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky 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.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
MELISSA MAUREEN WARD 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.
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.
Financial books have been so helpful. I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success..
Credits to *ROCHELLE DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....
thats funny because this idiot blames the Fed for his bankruptcy in 1988.
Which book would you recommend for a beginner?
The most powerful wealth building tool is your income
Newbie investors should be focusing on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
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
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.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I began my investment journey at the age of 27, primarily through hard work and dedication. I'm 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 longevity.
In my journey to financial freedom i learned to find quality stocks that have long term potential, and ride with those stocks but it takes someone who is very familiar with the market to make such good picks.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns and that's why eeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1m.
I've been thinking of going this route of using an advisor. Could you recommend yours?
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
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 was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' 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.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
No I’d wait. There’s a reasons the big boys are selling
I'm an RN and my wife stopped working 32 years ago. We started with nothing and I'm retiring at age 65, in February, with a net worth of about $5,000,000.
Stocks are risky as they are tied to paper. You can make money but you need to actively monitor each company so you know when to sell, if buying individual stocks. Financial advisors only know mutual funds and other paper assets and make money on the funds’ fees. Paper is fine unless the dollar collapses.
The wealthy people I know get ahead through other non-paper investments. Real estate is common. Private vs. public assets/investment opportunities. They converted their 401k fund into an eQRP so they can invest on their terms and have greater control. They also meet with their CPA regularly to review both their tax reduction plan and wealth preservation plan. It’s not how much you make it’s how much you keep.
Do a lot of research before you invest into an asset that you don’t understand. Learn to hone your due diligence skills and vet properly each deal. Most importantly, be patient. If you rush into a deal you don’t understand you should be unsurprised if you lose your invested capital. The tax code is ripe with ways to lower your taxes legally including incentives. Most people rely on a financial advisor to teller them these things, but they only offer what their company is either pushing that week or has as a product. So their input is biased.
Good luck.
almost no one has done better than the market overall in any 10 year period. Invest in the market. I use Vanguard. Low fees and indexed. They have funds based on where you want to be when you retire that will adjust automatically to keep earnings high in the near, but lower risk toward the end.
I have start mixing with generous people long time ago. I choose friends who are generous and kind. They are awesome people to be with.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $935k in three years with my advisor
@@ThomasChai05 I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch ?
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
My daddy a poor man, grew to be middle class, taught me generosity. Generous people are God's people . Taught to give even when I am broke. And God always provides.
Facts
Amen
He did good….very good.
I bet you never missed a meal either.
Sounds like your Daddy was a great man. God bless
I’m going to get started today. I’m recently divorced, a dad of 2 and now will be fighting for sole custody of my sons on top of being in debt but the simple fact you(Dave) are a man of God I’m gonna put my faith into God and this plan.
So when you fail it will be gods will. This is not a gods problem, its yours.
@@australiagreg3179Maybe you should learn how to type & spell BEFORE dispensing life advice... by the way it's - God's not gods
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.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise 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.
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. I have a couple thousands saved up which i want to invest for long term now. Listening to you gives me inspiration and wisdom. Thank you so much,!
Maybe you should consider having a mentor this time around. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@georgeh I agree with this. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@josephbush That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@tommymyershoffman I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@josephbush This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Heather online and researched her
The 2 biggest pay raises I ever received were when the kids went off the family payroll and when we paid off the mortgage.
AMEN!!!
Amen.
lucky you. most kids today stay on the payroll and demand a house and car and a phone to boot.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.,
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
I invest across the top markets but not by myself though. I follow the guidelines of *Nolan Velden Brent.* you might have heard of him. I can correctly say he's worth he salt as an investment advisor as he diversification skills is top-notch, I say this because I see that in his results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what he places and not just on some particular industries of my choosing. he gave me that financial freedom I needed
search him up on the internet with his name. he's quite popular for his services as he was recently featured on
CNN. he can work with anyone irrespective of where you're located.
@@mathebulamkhize876
Oh ur amazingly successful. Please share his name. I smbin Australia
@@stjepanhauser7595dollar cost averaging in a total stock market index fund. You can seek out a “fiduciary” financial advisor to help you invest wisely according to your personal comfort level with risk
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
Yes! Thank you for sharing her info as I am looking for someone to help me, as well. 😅
@RebeccaSheerthanks for sharing. I'm following up on her now.
The best thing you can do is stay out of single stocks. Too much risk. Stick with mutual funds
I am 65 and I am telling you that Dave is dead on. Listen to him!
Dave speaks common sense. The problem is delayed gratification a trait parents fail to teach.
YOU nailed that right........exactly correct. Gotta have it now.
Nothing wrong with what Dave teaches. It is common sense. But his teachings are for the common 9-5 people who value safety and comfort. Again, nothing wrong.
What im saying is if you want to be rich, dont listen to Dave. If you are terrible with money and want to live an average life then Dave is definitely the right guy for you.
But speaking from personal experience, I wouldnt be where I am at today if it wasnt for some risk taking and leverage(good debt). Last year I went from 5 figures(around 60k) to 6 figures(around 240k) through real estate. Thats from leveraging good debt. I got a construction loan and built 2 houses and it paid off huge. No rich person got rich by paying everything in cash.
I am in my mid twenties and I wouldnt have that much money this young if I was working a regular 9-5 and playing it safe. I just dont like how Dave preaches that all debt is bad. Just my opinion and personal experience.
This may not be common sense for some people.
It’s not just parents. Why is there no personal finance curriculum in schools?
That delayed gratification thing only works if people are honest…
One candy bar now.
Or 2 in an hour: maybe.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. In just 5 months my portfolio grew by $300k in gross profit, the main thing is to diversify your portfolio and you will see amazing results by investing smartly.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
@Trevor Ogden Yes i agree and right now the markets are going berserk. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, "LISA ELLEN SHAW" she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@@Ammo-Hoarder Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Most likely, you can find her basic information online; you are welcome to do further study.
@@Ammo-Hoarder This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Money buys time and freedom. That’s happiness.
It also buys opportunities to make investments or small businesses that bring in income
More money more responsibilities; less freedom
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
she's mostly on Instagrams, using the user name
We paid off our 30 year mortgage 13 years early recently. In two years we will be completely out of debt thanks to the things we learned from Dave.
Started my life over two years ago. Stuck with Ramsey methods and it’s working well!
For us, budget is so important. It keeps us within our limits. We don't need credit cards to blur our limits.
Find the forbidden book Whispers of Manifestation on Borlest to discover what they're not telling us.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!
Wow, really. I was able to make my $25k on investment
@johnmark5119I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Not because of ignorance, it’s because of the high rate of unprofessionalism in the cypto market
Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
Working with a financial expert is the best way to deal with this market, most people have never experienced a bear market and that’s why their emotions are all over the place. I have been guided by ''Pamela Kay Regel'' who has made me understand/see that returns can be made in bear market as well and i have been doing well with 15% on monthly ROI
Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
The coach that guides me is Pamela Kay Regel, she's a registered advisor and has a wide presence on the web, so it shouldn't be a hassle to find her details online.
Just copied and pasted Pamela Kay Regel and came across her appealing page, thanks for saving me hours of researching. I'm from hit-crisis Sri Lanka
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
You've got to get your asset allocation right, and then diversify properly. Maintain an emergency fund to weather market downturns.
Is the stock market actually getting better or is this the regular end of year market manipulation to entice new investors, I'm currently sitting on an inheritance of 500k and i'm wondering do I invest in stocks or Gold?
It is advisable to diversify while retaining 70-80% in secure investments. Along with your budget, you should think about financial advising.
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from rebalancing if you do not have guidance from a planner and Advisor/strategist. My finances have been in order since I got a wealth planner like Monica working with/for me. This approach has helped me stay financially secure for over nine years, yielding nearly $1m ROI.
Please how do I find and contact this financial counselor ?
Michelle Christine Parker deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
This is one of the BEST ones yet. Simple and Direct. We all should listen to this every day.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@@SteveMayer-xt1rg The adviser I'm in touch with is ''Elizabeth Pan Holt ''. He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
@@SteveHaynes-x9t Thanks for the tip, I merely looked her up on Google and was highly impressed by her credentials; I just booked a call session with her.
I wouldn't recommend chasing dividends. You should ask yourself why the company needs to pay you to invest in them.
Growth stocks are the way to go. Look for companies that are continually increasing their revenues while being at least somewhat profitable. You'll make far more money if you find one Apple, Microsoft, or Amazon stock than you will ever take in with dividends. Dividend stocks give a false allure of safety. No investment is fully safe, and dividends are no safer than growth stocks while having far less upside.
At the very least mix it up. I guarantee you will make more off the growth stocks over time as long as you pick the ones that continually increase their revenues.
Unlike Ramsey, I never needed to learn these lessons the hard way. I have credit cards, but I NEVER pay interest on them. I don't even know what the interest rates on my cards are because I don't need to.
Biggest benefit to me financial strength was creating a budget, got married and it was a battle with my wife for her to be on one. Finally broke her down and she was amazed at how much better her finances were. Such a simple thing that has such a strong benefit.
Being married 4y now, and still struggling with her about writing a baby steps budget. .. someday..
You finally started working as a team would've been a better statement, instead of you broke her down.
don't blame it on the wife
I have no idea why anyone would get married to someone who has different financial goals than you. The largest cause for divorce is money arguments.
@@KevinNordstrom Yeah right because when dating woman so many are going to be so willing to have an in depth discussion about their finances with you 🙄.
Money doesn't make you happy but a lack of money makes you unhappy.
Anyone who says money doesn’t make you happy has never done anything really fun with it lol 😂 saving is great but it’s important to reward yourself as life is too short. Save, invest, spend on fun stuff using your savings & keep a float for emergencies & enjoy life :)
@@catherinedesilets8960 Can't disagree. This means you can afford to do fun things. That doesn't mean being extravagent. I'm taking taking a weekend trip in a nice cottage up north. Pay for some from 5k and 10l races, some destination travel like visiting a foreign country.
Like Dave said, have enough wealth to enjoy your life. Not be a billionaire who squanders all his money or stands in front of a crowd and shows off giving a few $10ks to a charity.
If a lack of money makes you unhappy, you need to cultivate meaning instead of letting it depend on materialistic items that have no meaning outside of the system.
The most freeing moment of my life was when I realized I didn't need to depend on outside circumstances and resources in order to be happy. (: not saying money isn't valuable and it certainly does cause some misery being without necessities for sure! But I will say - I truly believe happiness is possible in every circumstance and some of my most beautiful memories have been fostered in times of poor wealth.
House paid car paid and new Harley paid all off. It took me 61 yrs to abide by Dave rules oh what a feeling!!!!! You can still have nice toy's. and live a better life without payments.
If it took you 61 years... didn't you fail the invest rule? That one requires long term utilization.
I’m so tired of rich folks telling me more money won’t make me happy but you don’t see them trying to get poorer or giving it to needy people
😂🤣🤣🤣 funny but very true.
He only says that so you don't put all that energy and time in and expect life to be perfect. Money is something we all need!
Maybe they speak from experience. They've learned that lesson the hard way. Also - part of Dave Ramsey is literally be generous. I've met a lot of generous people who have a lot of wealth and I'm grateful they are where they are at in their life because they do a lot of good behind the scenes.
Exactly
A lot of rich people do give to the needy!
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That's The key to being financially stable
I'm celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Assets that can make you rich
*FX
*Bitcoin
*Stocks
*Gold
*Real estate
You're right but a lot of people remain poor due to ignorance
Not because of ignorance, it's because of the high rate of unprofessionalism in the crypto market
Crypto is a whole different ball park. I would only invest funds in it that you are willing to lose or dont need. In terms of day trading crypto I don't keep an eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
A good investment portfolio manager work with individuals, families, and institutions to create customised strategies for growing and protecting their wealth.
The oversee portfolios of investments and advise clients on their assets.
When it comes to retirement planning, investment managers help clients set financial goals and create plans to meet them.
Timothy Eric Meek does all this including helping students with financial planning for college tuition and work to ensure that money is invested in the most tax-efficient manner.
When i want to make purchases such as real estate, cars, or other big-ticket items. Timothy Eric Meek takes charge of it.
According to things I've heard, he is a genius.
Patience and discipline. If you can master those two skills you can accomplish anything
Thank you so much. I'm 68 and struggling. I owe 4609 on my car can't wait. My nite is $477.00 Toyota.🙏🏾🙏🏾🙏🏾🙌God help me.
@@rosettadenton2876
Yes my thoughts exactly.
Many of us haven't got the time to be patient
You have to stay positive (yes easy said than done ) but you have to do.
You need to get advice on this.
Good Luck. 🇬🇧
Im almost in complete agreement with Dave on everything. However, if you pay your credit card every month and have the self control to only spend on it what you would on a debit card, I see no issue in having one. I haven't paid a cent of interest in 7 years and consequently I haven't paid for a hotel room in the same period of time while investing 20% of my income. If you have no self control, don't have a credit card of any type though.
Exactly. I say it's like in school, you can pass with an A+ or a regular A or squeak by with a D. Just like you said; it depends on self control.
Thank you Dave for not making people who don't have a budget, job, etc feel dumb. Thank you for simple, non-intimidating ways to make smart money choices.
You're not being sarcastic right, otherwise I agree with you.
The 4th rule saved me. My company shut down after 55 years of existence because of covid. Saved for one year worth of emergency funds and now it's Raining. Unemployed and being older is making it harder to land a new job but without the savings I would be under the 405 fwy bridge. Always assume you will lose your job and prepare accordingly.
I have been laid off a few times due to no fault of my own, worked hard to build savings, now I can pay off my house, but I am hesitant as the large savings is a comfort blanket.
Curious about top investors' millionaire-making strategies, I'm eager to grow my $295,000 nest egg. Investing in stocks could provide attractive returns through capital appreciation and dividend yields. But timing is crucial - should I invest now or wait for improved market conditions?
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
The majority of individuals downplay the value of advice until their emotions become too much to handle. After a lengthy divorce a few summers ago, I needed a big boost to keep my business viable. I discovered the most qualified adviser after searching for licensed advisors. Despite inflation, she helped me grow my reserve from $350k to $970k.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant 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.
how do I get in touch with this consultant that assist?
STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later.....
Thanks for the info . Found her website and it really impressive
With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals, but you need to be a skilled practitioner to carry out such successful transactions.
Indeed, that's accurate. I've been in contact with a financial advisor who manages the entry and exit strategies for my portfolio, which started with an initial reserve of $80K and has since grown to around $550K.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Great video. My 2012 Malibu is paid off. I'm 70 and happy with the Chevrolet. Car is dependable and I keep up with the maintenance. My house payment is low and even though I could get 3x more than I paid 15 years ago, I can't live this cheap anywhere.
Cars are all junk, anyways.
Awesome
The average car payment as of 2023 is $700! Insane!! We love Dave Ramsey in this house. His tough love approach is what helped us get mad and get out of debt for good!! Now we're raising money smart kids and we are SO EXCITED to see how much wealth they build over their lifetime :)
It just bought a brand new $33,000 car. You know what the payments are? One payment of $33,000.
I am really happy to see the education like this from Mr Sam, Deymon, said and used the word consistency in the profit need to maintain to achive the goal So it will be helpful for all newbies trading the financial market.
I know MR Sam Deymon, his concept is mind blowing and very unique.
The market is profiting if you are using a good account manager to help out with trades or provide signals.
@@londongin4985 @samdeymon433333
. I was at first scared of investing under his company platform but I summon courage and gave it a shot and behold I made my payouts with an impressive results.
I'm forever grateful to Mr Sam Deymon for his constant and excellent strategies in trade.
All I can say is that nothing beats expertise when it comes to making money. I just keep watching these clips, and as I get better I'm earning with guidance.
Hi Mariam. What would you recommend for someone who is interested but green, and looking to make some profit?
I used to be in the exact position almost a year ago. All that changed after I decided to start paying attention to my finances. With the help of a pro trader, Herman W Jonas, I’ve gotten into stocks and FX, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio. Here,
Hermanw jonas (a g mal
comm
I agree with you Mariam. That idea is applicable in all aspects of life. With experienced hands, you generally, get things done more efficiently. Smart people know this already.
@@DrhuntleyI reached out to him through his email you provided. I’m awaiting his reply so that I can proceed with the process. Thanks again.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
@AustinWashington-jp6jdYou're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before. The idea of the whole trade market is something I still can't wrap my head around.
I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Creating wealth and gaining financial freedom isn't as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..
The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I came across this by accident, and boy is it great advice. I knew it all, I knew it all. Yet here I am, broke with no budget and lots of debt... Thanks for the enlightening, time for a CHANGE is now...
To all you people who say it doesn't work and it is a fraud, so I'm not trying it. I can't think of anything you could do in life that would limited you more then that thinking. I'm sure you think you can't get across the street by putting one foot in front of the other then repeat that till your on the other side of road. Helplessness will lead you no where.
"I'm positive it's going to rain!" 😅 love that quote!
You can always find a way to be generous. If not with your money, then with your time.
I am starting this program. I hope to be successful because I want to stop being a slave to debt...
Great video from Dave. But let me just warn you folks out there: be careful with bots posting comments about financial advisers here, and don’t fall in their trap. If you feel you need a financial adviser to help you with your investments just look for a good fiduciary in your area and have a consultation. Alternatively you can find plenty of advisers at any of the big firms such as Fidelity Investments. Beware!
Amen to that.
I became debt free listening to him.
Me too
Me too!
I am on my way too...excellent advice and the feeling is the best thing ever....I pay off the first one of my debts next week...and the snowball rolls on to debt 2....I have 6 in all....and will have 5 of them done and dusted by in 12 months!
Me too
Im on my way! He is the reason why.
Kissimme, Fl.. saw Dave at First Orlando Baptist Church. He teaches good stuff.
If you follow this man's advice diligently, consistently you will have something when it's all said and done.
Those who start with some I know. But when you have income working it's hard to use this super power. I learn almost everyday more. Managing your own money is needed to get no slavery.
Very true. I was always ambitious person but because I hung around drugs addicts I was a drug addict for a very long time until I decided to remove myself from those people and went to go and study. I am now a qualified mechanical engineer and have just completed my electrical qualifications as well but not stopping there.
I did the same. 12 years ago I quit...worked my way up and up and now I own 2 houses and one morgaged. if I can do it ..u can too...
So neat that people who had messed up lives found a way to improve! Good for you!
Technically, if you were an addict you needed to take steps to break the addiction then find, learn and consistently choose different coping mechanisms. As a brain damaged victim of criminals who dealt many illegal things, I started out going to school, working, paying my bills & saving. The violence and corruption that comes along with organized criminal activity destroys innocent lives and shreds the American justice system. Some of us don't get to just walk away.
Impressive. Way to go.
Letsss goooo!!
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
As with an my big financial decision,it’s important to keep your guard’s up for economic risks.
However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe
@@hermanramos7092 yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ‘’’Catherine Morrison Evans'' she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
Sure, the Investment advisor that guides me is '''Catherine Morrison Evans'' and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@@kenanporubsky2122 ''Christine really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
By following Dave's principles I rose out of debt and live completely debt free. I didn't sign up for a course . I simply listened and applied common sense . Thank you Mr. Ramsey!!!
Ok Dave, I was totally with you on steps one, two, and four. I hadn’t thought as much about points three and five. Never considered how important the people you hang out with are. I try to be generous because it feels good and when I help others it just seems to come back to me.
So when I watched this I realized how lucky I am. Through no real thought or action on my part, I have consistently met and know some great friends who live and behave like I want to (if you knew these folks I think you would agree that I am in good company).
Also and very fortunate for me, my father (and Grand Ma as well) taught me to avoid debt, save, and try to treat other folks well. My dad also taught me the difference between the virtue of being thrifty and the Vice of cheapness. Thrift is when you eat at home because you can’t afford to eat out. Cheap is when you go out to a fancy restaurant, have good meal, and then don’t leave a decent tip because you can’t afford to.
Thank you for all your good wisdom.
The chintzy man always pays twice the Car Guys would say on NPR.
Awesome 🌹🙏🏾❤️
Your Every Dollar app has changed my life. No one has an excuse for not being in control of their budget if they use that app.
“Common sense is so rare now, it’s like having a superpower”. Yes!
This guy is a fraud, and has a massive ego
My mother used to say, "show me who you run with and I'll show you who you are."
Anybody that thinks money can’t buy you happiness - give it to me, I’ll take that burden off your hands.
OH yes it does buy Happiness and peace of MIND no matter who is in the White House. LOL
The investing part is very important, even though it may seem like stocks are falling. I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this bear market?
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain, or get a good portfolio manager.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a popular economist on a popular forum. Long story short, it's been years now and l've gained over $850k following guidance from my investment advisor.
@@ericmendels I've been down a ton. l'm only holding on so I can recoup. I really need help. Who is this investment-adviser guiding you?
I really don't like making such recommendations, lest I get labelled a bot. Lol. But there are many freelance wealth managers you could check out. I have been working with Sharon Louise Count for about four years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
Thanks, Eric. I have booked a session with her, and I hope she gets back to me soon. Any idea if she manages family fund?
Great info..
All this is common sense. Thank you sir.
One...more
Don't spend more than what you make.
did you not see him literally cutting all his credit cards??? that was one of them.
You either didn't listen or didn't comprehend.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Laila artine kassardjian' 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.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I CHANGED before there was a Dave Ramsey. You can too. We all make mistakes. The secret is to learn from those mistakes. It takes will power and not being greedy. It's like life. It's a marathon, not a sprint.
Me too! Never heard of Dave, just common sense. Paid off debt, no credit card debt for many years.
Bought a truck paid it off early this year.
Thank you God bless. Senior 68
I struggled financially, but by being frugal and smart with money I was able to retire comfortably at 59. I'm SUPER HAPPY that I don't have to worry about money or have to go to work. It bought me happiness!
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE 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 saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
All the things I do and did. Made me able to live on passive income starting at 49. Thanks dave very well put
Dave did so much good for many people just by preaching common sense over and over again 👍🏻👍🏻👍🏻
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money investing. For example last year I invested 70k in blue chip stocks and crypto, with the help of my advisor ‘TERESA JENSEN WHITE’ and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
Indeed, quite repetitive but most of us need that in order to get it drilled through our skulls into actual practice.
He literally got everything He learned from the Bible
@@bobbieschendel3144 because truth & common sense is eternal
@@danieldpa8484 Well God is the author
Thank you Dave Ramsey for helping my family become millionaires. We went from being poverty struck to making millions.
My husband and I didn't get financially serious untill our 40's. I really wish we started sooner. Finally being debt free was such a weight lifted off our shoulders. Live within your means. Enjoy what you already have and stop trying to keep up with the Jones's, you're not them.
Well, I always budgeted, saved for a rainy day, I tipped well and donated to good causes, helped others with money, time, or things. I never owned a new car, I alway bought used and paid off early. I have one credit card for emergencies, currently 0 balance due. One debit card. Only thing I don’t do is surround myself with people. Rich people, poor people, upstanding citizens, druggies, none of them. I am too introverted. I have two very good friends since I was seventeen. Both are very extroverted. They are the only reason I leave the house if I’m honest. One helps me to push myself out of my comfort zone the other helps me interact with people. So I hit four of your five and I am working on including more people in my life.
Best video I've watched for some time. 5 rules are lessons for life no matter your financial situation. Generosity touched me with new perspective. Thank you Mr. Ramsey.
My parents were poor. My dad worked his tail off to make just enough. Our house is almost paid off. Credit cards are almost non existent. We have an emergency fund. We should be good for just over a month if my husband loses his job. I'm setting up another online business. We barely have any debt.
" We should be good for just over a month if my husband loses his job" . That is not good, you should have at least 3 months cushion of a job loss if not 6.
Follow most of Dave’s principles. We do have two credit cards usually saved for emergencies and/or security reasons. It’s very difficult to recoup monies from a debit card should an account be breached. Skimmers are common near us. I will only use a credit card for online purchases. We do pay off credit cards every month and stick to a budget. We also get some points and cash back which is a bonus. Both cars and our home are paid off.
I would personally like to add Salvation of our soul & staying Healthy(eating right food in right quantity & doing exercise) to the mentioned 5 list🙏
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from ELISSE LAPARCHE EWING who's a guru in the game, you can be passively involved with the aid of a professional.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
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?
I work with Elisse Laparche Ewing as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.