I'm right at the cut off of Gen X/ Millennial myself I have gen Z and gen A kids and I'm telling you everything they say is skibidi toilet Sigma Riz Ohio 😅
Yup, odd take on grammar police (but as a boomer I thought pointing out the difference between your & you’re was the spelling police). He does make me laugh. And what’s wrong with 1995? I had already refinanced to a 15 year mortgage without even knowing who Dave Ramsey was…
@@ted8232 It is a straight forward statement based on the fact that According to the survey, only 41% of Americans have enough money saved to pay for a $1,000 car repair out of pocket, and more than half (58%) could not pay $3,000. So, 55% of the population does not have 1 million, or anywhere near that number. So by that metric, a net millionaires has about 1 million more than 55% of the population in the US. Hope that you are not one of them.
@@gibblespascack1418 ah I see. Thanks for the clarification. I guess I should have watched the whole video. Lol. And no I am not one of them, thankfully.
@@healthquestphysiciansgroup8747 If you are watching Ramsey, or his staff, your already beyond the $1000. That is baby step 1..... Congratulations on your journey forward... Have a good day.
This was hilarious! 😂 I love the sense of humor, whether George's or a writer, and the delivery is snappy and smooth and (yes) fun! Would people rather see George in a leather wing chair, dressed in black, petting a French Bulldog and delivering financial advice in a monotone voice with a frown on his face? (First of all, not possible to even frown while petting a Frenchie, just sayin'...) Keep up the great delivery of solid financial information!
I too am an “elder millennial” and love your content and humor. Corny but makes me laugh while learning how to be better financially keeps me watching.
Glad George took this approach. I'm not exactly a ray of sunshine myself but I get chuckle out of most of his videos. People need to loosen up. Besides, most of the people commenting negative things wouldn't know a budget from a hole in the ground. The kind of people that go broke for a Mercedes because they have a "long commute" and need to be comfortable. Lol
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Annette Webb" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Sir this is an eye opener video I work here in the UK and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around 90k per annum but nothing to show for it yet.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Higuannn Sure, only one person comes to mind, the popular lady Sharon Crump Cline. You'd find her basic info. on the web to set up appointment as she offers free consultations
Your comebacks are the BEST! I love it. I love that you’re (you are) being a polite smart ass to respond. And the grammar comment was just the BEST. I love I’ve landed on your channel because your money advice is spot on and has helped me since I started applying it to my life. Thank you and keep it coming!!!!!!
I went with a 30 year mortgage because I wanted the payment that I had to make to be as low as possible in case we went through hard times financially. My wife and I ended up doing well, and we were able to pay it off in 5 and a half years! I understand though why you guys recommend 15 years, because most people will just end up spending the extra money.
My wife and I also took out a 30 year instead of a 15 year mortgage for the same reason and we did at times become a one income family. Having a smaller required payment for the mortgage definitely made it easier to keep making the payments during down times and , though not as quick as you did, we did end up paying off our 30 year mortgage in 11 years.
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.
money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory
Agreed, I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an advisor. As of today, I'm barely 10% short of $1m after 100s of thousands invested.
@@everceen retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your advisor can be of help?
Karen Lynne Chess is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
excellent share, curiously inputted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
George remember, there will always be 10% of people that no matter what they will NOT agree with you, no matter what you do. Even if you bend backward for them, they will still not be satisfied, 10% is good, you are doing the right thing.
@stevenporter863 Idk where your response is or what he was even referring to. If you notice, I had quotations around HIS comment. I wasn't saying that to you.
@@stevenporter863you won that exchange man. Anyone with an above average financial IQ can see that. Most people are painfully naive and truly believe they're winning with the expensive cookie cutter house they bought in a suburb.
Hi, I disagree about the 15 to 30 year mortgage. I bought in 2010 and took a 30 year. Due to the economic instability, I wanted to make sure that I had a minimum payment in case I lost my job. I actually paid off my mortgage in just under 5 years.
I, too, took a 30-year mortgage as a single mom and paid it off in about 12 years. I think the point is that human nature being what it is, most people intend to or hope to pay it off early but won't. We are the exception. I understand the point, but kind of dislike the "paternalistic" feel of it. It would be better for Ramsey personalities to simply explain the potential downside of that plan rather than be adamant about the 15-year mortgage and assume their audience is financially immature and undisciplined.
*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's 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.*
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.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
Solid and funny as always. Watching these videos makes me feel like we’re not alone on our financial journey. Even if it’s about topics we already know, hearing someone else reiterate truth is so much motivation to stay on the right track. Keep doing what you’re doing. Yeah, inflation has changed financial reality for most people. But the principles remain the same.
You get more flak the closer you are over the target as the old WWII saying goes. George and Dave get a lot of criticism from haters, but they're pretty spot on most of the time. A lot of people don't want to hear tough love because we live in a soft culture. One that's going broke.
George used one of my comments but took it out of context and didn't even address my points (beyond his correcting spelling which was obviously the work of auto correct). My comment was responding to someone else's post (not George) that basically indicated they did not need to worry about retirement because of the house equity and just sit back and let the magic happen without doing anything else.
Valid. Your primary residence is definitely an asset and the equity counts toward net worth. But it is not useful to include that value when looking at retirement savings.
Alot of the things some people are complaining about is why I watch this channel. It is really helping me figure out some tough financial situations while still being able to keep a smile on my face. Thank you for that- you are doing a great job!!! God Bless you and your family!!!:)
Dave and you are great. In 2009, I had $1,000 in the bank and a brand new house (then while deployed I did financial peace) . Now, I have a wife who is a homeschool teacher, and four kids. Our rental home (which was the "new house" I bought) is paid for. We have $300,000 in an IRA, and our current home is halfway paid off. I'm 42 and not sure if I'll be a millionaire before retirement, but I'm in a much better financial position than I was. Thank you! *military retirement will be about $50k *$1M in life insurance just in case.
Apparently it’s old school to live by the adage, “If you can’t say something nice, don’t say anything at all.” George, you don’t deserve all the hate. You’re (good grammar - also old school) doing an amazing job reaching a multi-generational audience. Keep up the great work! I also wanted to tell you that I enjoyed reading your book. It was the Total Money Makeover for a new generation. You have every reason to be proud of the work you do! Ignore the haters.
Great as always, George. It's a behavioral mindset, that's all. The rest is semantics. No one is going to agree with all the things you or Dave promote all the time, but those that catch the basic principle of "yes you can live below your means and get wealthy slowly through discipline" are the ones who will succeed.
I resisted discussing buying something we couldnt afford due to watching your content. We are not in debt but impulsive overspending is so easy to fall into.
I sometimes don't like your humor (not fun), but sometimes they are, and really appreciate the money principle advice you give us! No need to think/spend energy on the haters - they will always be there no matter what you do
George - I love watching your videos! I’m 59 and love the humor you bring to financial discussions which can otherwise be a dry subject. Keep up the great work!! Your dogs are definitely good looking too!
I've gotta agree with Steven Porter on the house thing. Your house has use-value and it has financial value. While you're enjoying the use value, and appreciating not having to pay rent, it has functionally 0 financial value. You can't access the financial value without giving up the use value.
@@SquirrelRocket Paying rent or paying a mortgage (plus maintenance) is functionally the same thing right up until you're done with the mortgage. A mortgage is better because you get to be done some day, but you're still paying a monthly housing cost. You aren't saving much, except the stress of dealing with a landlord.
Having 100% equity in your home is the difference. If you can liquidate your asset for its full cash value, that’s much different than people HELOCing themselves into only having 15% of equity and then complaining that it doesn’t count towards the asset’s value. Huge difference.
@@kellenkraft8304 They do only because they keep printing money, illegally, as in, NON-Constitutional, and it drives up the prices. The homes are NOT worth any more in reality. The dollar is all a shell game, just keep that in mind. And yes, you should own some precious metals. Some, as in 5% of your overall net worth.
Blahaha! My dad married me and my husband and opened up with "Mawage! Mawage is what bwings us togefer today!" I love the humor in the videos. It does make, otherwise boring financial videos, easier to watch!
Our God indeed is a covenant keeping God. Has he said a thing and not perform it? I watch how things unfold in my life, from penury to $356,000 every three months and I can only praise him and trust him more. Hallelujah 🙌🏻🙌🏻🙌🏻*
After I raised up to 525k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸and also paid for my son's surgery (Oscar). Glory to God.shalom.
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of RUclips videos about it but I still find it hard to understand.
I just watched a video the other day where George had to walk back his viewpoint that you can't use 8% as a withdrawal rate in retirement. It's too bad that Ramsey has such a hold over George because he has to tow the company line even when he, himself, knows it is nonsense. George, you are better than that.
Hi George, big fan here. I want to tell you I have paid the stupid tax with your Tello add. I paid for the $25 line and I can’t even make phone calls suffice it to say use the internet. I live in Jarrel Tx and Tello does not work in my area. I paid the stupid tax and it cost $140.00 to switch back to a different provider.
I have a comment about Dave's radio show ... I really don't like when people call in and say "we're debt free !!! (other than our 300K mortgage)" ... If you owe money, you are NOT debt free.
Mortgage debt is “different” from other debt. You’re making payments (versus burning rent money) on an investment that is going up in value. You also NEED a place to live. Compare to credit card debt, car loans, student loans. Your new shoes that you didn’t need that you bought with the credit card aren’t going up in value. Your new car that you didn’t need with a 9% interest rate isn’t going up in value. Your degree that isn’t even relevant to the job you ended up getting isn’t becoming more valuable.
@@spruth6410 debt is debt ... some debt isnt as bad as other debt but it's all debt and all bad... to some degree. I just think it sounds dumb to say "we're debt free, we paid off 30K in loans ... but we still owe 10x that on our house". That would be like me saying "I'm a vegetarian... except for when I eat meat everyday".
Yep. I'm a cat person. I can't ever see myself with a dog. But I don't hate dogs or hate their owners. They are great too. I just prefer my little purr children.
I think the distinction is animal people vs people who don’t like animals, including those that make an exception for one kind of animal or one particular pet.
Grew up in the 60s/70s and we would say as kids, "if I had $100K, I'd put it in the bank and live off the interest." Now my net worth is about $1.3 million, (paid off house, IRA's, bank accounts, things), but I am still in the middle-income class. I bought my house in the San Diego area in 98 for $140K, now it is valued at about $800K.
Who deems something “middle?” You sound rich to me EDIT - oh I just realized you live in California. Yeah, that stinks. You WOULD be super rich here in Ohio. But you would have to fly to Florida in the winters lol
Haha George roasting fools 🔥 but forreal in the nicest way possible i do disagree with the whole only 15 year fixed mortgages thing. I think it unnecessarily shuts many young people out from getting their first home. If the 30 year mortgage payment is 25% or less of take-home you can still become very wealthy and pay off extra as you go. Also more wiggle room in case of emergency or job loss. Love your videos though!
While people are wrong when they say your house doesn't count, i do get where they are coming from. Your home is an asset, but it is basically the only asset you have that you can not liquidate cheaply and easily, and even if you do liquidate it, you still need to take on another liability or another asset to replace it. That's why a lot of people don't like to count it, because it really only counts on paper.
Good video! A better example of the prison point could've been, a 30 year mortgage is like house arrest (more freedom) for a longer sentence but a 15 year mortgage is like prison (less freedom) for a shorter sentence.
I could not agree more. That is a reasonable lesson analogy to remember personally I'd rather do 15 years versus 30 years of easy labor Freedom's priceless
I was laid off less than a year after signing my papers. It took 3 months to get a job that would supplement unemployment and another couple months to get back into my career. I was glad to have a lower payment on a "house arrest" 30 year instead of having to live on rice and bean (just one!) to make payments. George is right. I probably could live more tightly and pay it off in 15, but I'm on track for 20 and I'm ok with that.
Well look at the education system throughout the past 20 plus years now. They are hell-bent on teaching wrong pronunciation of words that involve having the letter t or Double T in the middle of the word and trying to ignore that T's existence such as " bu in "...its a black lazy misprunciation thing that has infected our education system. The school boards who are paid off by the far left across the most of the nation have been pushing idiotic teaching agendas such as critical race Theory and fisting down to the elementary schools. That's how dumb down this nation has become these days
Even when the brain knows it, the fingers do not. I am a stickler about spelling and grammar and sometimes I still type _your_ when I think _you're._ Worse, when I think _your_ I only type _you._ So I get stuff like, "Don't assume we all agree with _you_ argument. _You_ argument is not supported by the facts." 😅Makes me sound like a caveman with intermediate typing skills.
Hi George, I've learned so much from your videos. I appreciate how easy they are to follow and the humor that keeps them engaging. So many financial advice videos/podcasts/shows are too boring for me so thanks for making yours enjoyable. Keep it up!
Your YT channel is great, George! One of the funniest I subscribe to, and for a financial channel, it takes the cake for sure. I feel like all of the haters are probably broke people. Keep up the good work!
I am soooooo inspired by how many haters you have, George! Good on you! It's no hard task to convert the believers. I think the haters are secretly looking for answers.
My cat has more confidence than any bull dog, and keeps the two dogs in our house in line. The cat herds the dogs, and joins in correcting them. Plus our cat has a silky beautiful coat and is super friendly to all humans. And since my cat is a member of our household I think he qualifies as being a millionaire.
Don’t correct your dogs. Be better than a small brained animal. Use science based training. Which has debunked punishment (the scientific word for correction).
Oh please! Even halfway through this I have to say “George you’re great” if people don’t like your content, they don’t have to watch it. Watching you from England and I think you are very funny, also a complete sweetheart 😊
I am 55 and George makes me laugh all the time. People will refuse to follow simple principles. Those of who will remain BROKE! I am down with Ramsey, because I listen not just hear.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
As much as i love your content and have used the baby steps myself, i still think the 15 vs. 30-year debate is nuanced. I dont think a 15 fits everyone, isnt that why its called personal finance? Its personal. Or what you guys say regarding life? Things happen, and a 30 year mortgage might mean you dont lose your home when a spouse becomes disabled, or a life even happens that affects your income. The difference in costs between a 30 and 15 in this drastically higher cost of living cab sometimes be the difference between losing your home and not
I picked up on your sense of humor right away and I love it. You make it fun and easy to learn. My hubby is 71 (and still working) and I am 67. We are debt free and have a whole lotta mutual funds chugging along. We actually invest our early social security into all those mutual funds. Keep doing what you are doing. Some of us are loyal to you and the "Ramsey Clan."
George, this is one of your best yet! You are absolutely HYSTERICAL!!! 🤣The "your" grammar is hilarious because it's SO TRUE and consesus!? Say WHAT?! 😆😆 I laughed throughout this entire video!! LOVE your content! Keep them coming!!!👏👏👏
A 30 year mortgage is objectively a better financial decision from an earnings standpoint because you can invest the difference in housing cost in a index fund and outperform your interest rate. Therefore, it'll make you more money to have a 30 year.
@@TShirtAndReeboks Yes but the stock market historically outperforms those interest rates. You can save maybe 0.5% on an interest rate with 15 yr. But you can also make at least 7-8% in an index fund. So, unless you have a 6%+ interest rate. A 30 year is better.
Ramsey has been a shining example for me… and I live in Australia… come this September, I too will be debt free 🎉…I will contact the Ramsey studio and ask to do the debt free scream 👌😎😊
I was talked out of a 15-year mortgage because they (family and my girlfriend) were worried about potential loss of income and not being able to meet the higher payments.
As a boomer, I don't understand a lot of the words or any of the cultural references George uses, but he makes me laugh. Thank you George.
I'm right at the cut off of Gen X/ Millennial myself I have gen Z and gen A kids and I'm telling you everything they say is skibidi toilet Sigma Riz Ohio 😅
That’s sort of how Gen z watches comedy and laughs despite not understanding all the references.
Yup, odd take on grammar police (but as a boomer I thought pointing out the difference between your & you’re was the spelling police). He does make me laugh. And what’s wrong with 1995? I had already refinanced to a 15 year mortgage without even knowing who Dave Ramsey was…
A net millionaire is still a million dollars more than 55% of the US population. No matter what inflation tells you.
What? Are you dumb or just stupid?
What do you mean by more than 55% of the US population? Are you implying 45% are net millionaires? Or that 55% of the population is broke or in debt?
@@ted8232 It is a straight forward statement based on the fact that According to the survey, only 41% of Americans have enough money saved to pay for a $1,000 car repair out of pocket, and more than half (58%) could not pay $3,000. So, 55% of the population does not have 1 million, or anywhere near that number. So by that metric, a net millionaires has about 1 million more than 55% of the population in the US. Hope that you are not one of them.
@@gibblespascack1418 ah I see. Thanks for the clarification. I guess I should have watched the whole video. Lol. And no I am not one of them, thankfully.
@@healthquestphysiciansgroup8747 If you are watching Ramsey, or his staff, your already beyond the $1000. That is baby step 1..... Congratulations on your journey forward... Have a good day.
This was hilarious! 😂 I love the sense of humor, whether George's or a writer, and the delivery is snappy and smooth and (yes) fun!
Would people rather see George in a leather wing chair, dressed in black, petting a French Bulldog and delivering financial advice in a monotone voice with a frown on his face? (First of all, not possible to even frown while petting a Frenchie, just sayin'...) Keep up the great delivery of solid financial information!
If you ever talk to George in person, he has the same quick wit. I believe he really does write all of his own jokes XD
I too am an “elder millennial” and love your content and humor. Corny but makes me laugh while learning how to be better financially keeps me watching.
the fact that nobody talks about the book called "arab money secrets" speaks volumes about how people are stuck in a trance
How so? Im genuinely curious about what you mean
Glad George took this approach. I'm not exactly a ray of sunshine myself but I get chuckle out of most of his videos. People need to loosen up. Besides, most of the people commenting negative things wouldn't know a budget from a hole in the ground. The kind of people that go broke for a Mercedes because they have a "long commute" and need to be comfortable. Lol
They’ll ‘buy’ a Mercedes without thinking about Mercedes repair costs, do them cheap and stupid instead and sell the car for 12% of MSRP 5 years on 😂😂
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
Who is this person guiding you and how can i reach he/she?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Annette Webb" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
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.
I’d be willing to bet that none of these haters are millionaires.
Best comment here
I will take that bet! I bet negative $30,000.00.😂
Agreed!
Boom Roasted😅
Exactly 💯
Sir this is an eye opener video I work here in the UK and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around 90k per annum but nothing to show for it yet.
Perhaps seeking help from financial experts would be very helpful.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Jaymilnere I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
@@Higuannn Sure, only one person comes to mind, the popular lady Sharon Crump Cline. You'd find her basic info. on the web to set up appointment as she offers free consultations
Your comebacks are the BEST! I love it. I love that you’re (you are) being a polite smart ass to respond. And the grammar comment was just the BEST. I love I’ve landed on your channel because your money advice is spot on and has helped me since I started applying it to my life. Thank you and keep it coming!!!!!!
Way to monetize the haters George. Love the humour and the content.
I went with a 30 year mortgage because I wanted the payment that I had to make to be as low as possible in case we went through hard times financially. My wife and I ended up doing well, and we were able to pay it off in 5 and a half years! I understand though why you guys recommend 15 years, because most people will just end up spending the extra money.
Yup, you are not average
My wife and I also took out a 30 year instead of a 15 year mortgage for the same reason and we did at times become a one income family. Having a smaller required payment for the mortgage definitely made it easier to keep making the payments during down times and , though not as quick as you did, we did end up paying off our 30 year mortgage in 11 years.
Mostly the Ramsey plan is for broke people with no self control.
Same! Well done
Hence the common idiom: wealthy people ask “how much?”, broke folks ask “how much per month?”
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.
money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory
Agreed, I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an advisor. As of today, I'm barely 10% short of $1m after 100s of thousands invested.
@@everceen retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your advisor can be of help?
Karen Lynne Chess is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
excellent share, curiously inputted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
George remember, there will always be 10% of people that no matter what they will NOT agree with you, no matter what you do. Even if you bend backward for them, they will still not be satisfied, 10% is good, you are doing the right thing.
I hope that 10% doesn’t compound 😂
It’s always 5% of the people we remember. It’s normally the negative ones and the haters……..love you show
You’re*
@@ParkourBrianunderrated comment
@@ParkourBrianyour*
"Who hurt you, Steven?" 😂😂😂😂
Nobody, but George took my comment out of context. If you read my response you will understand.
@stevenporter863 Idk where your response is or what he was even referring to. If you notice, I had quotations around HIS comment. I wasn't saying that to you.
@@pixfan2008 Looked quickly and misses that. Thanks
@@stevenporter863you won that exchange man. Anyone with an above average financial IQ can see that. Most people are painfully naive and truly believe they're winning with the expensive cookie cutter house they bought in a suburb.
The word "ploppy" just makes me laugh.
Yeah, it's hard to take a name like that serious.
The Plopster
Hi, I disagree about the 15 to 30 year mortgage. I bought in 2010 and took a 30 year. Due to the economic instability, I wanted to make sure that I had a minimum payment in case I lost my job. I actually paid off my mortgage in just under 5 years.
How dare you deviate from the Ramsey plan! Your conduct is nothing short of "dangerous."
That's awesome 🎉 that's something that a 15 year mortgagor can do as well. Inspiring!
I paid my 30 year off in 10. Same reason as you
I, too, took a 30-year mortgage as a single mom and paid it off in about 12 years. I think the point is that human nature being what it is, most people intend to or hope to pay it off early but won't. We are the exception. I understand the point, but kind of dislike the "paternalistic" feel of it. It would be better for Ramsey personalities to simply explain the potential downside of that plan rather than be adamant about the 15-year mortgage and assume their audience is financially immature and undisciplined.
@@dking1362: Well said.
*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's 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.*
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.
That's awesome!!! I know nothing about investment and I'm keen on getting started.
What are your strategies?
People dismiss the importance of advisors until they are burned by their own emotions.
I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
If you are using really a good broker or account manager is easier to earn from the market
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
Solid and funny as always. Watching these videos makes me feel like we’re not alone on our financial journey. Even if it’s about topics we already know, hearing someone else reiterate truth is so much motivation to stay on the right track. Keep doing what you’re doing. Yeah, inflation has changed financial reality for most people. But the principles remain the same.
You get more flak the closer you are over the target as the old WWII saying goes. George and Dave get a lot of criticism from haters, but they're pretty spot on most of the time. A lot of people don't want to hear tough love because we live in a soft culture. One that's going broke.
George used one of my comments but took it out of context and didn't even address my points (beyond his correcting spelling which was obviously the work of auto correct). My comment was responding to someone else's post (not George) that basically indicated they did not need to worry about retirement because of the house equity and just sit back and let the magic happen without doing anything else.
Sorry that happened!
Valid. Your primary residence is definitely an asset and the equity counts toward net worth. But it is not useful to include that value when looking at retirement savings.
Alot of the things some people are complaining about is why I watch this channel. It is really helping me figure out some tough financial situations while still being able to keep a smile on my face. Thank you for that- you are doing a great job!!! God Bless you and your family!!!:)
A lot
Dave and you are great. In 2009, I had $1,000 in the bank and a brand new house (then while deployed I did financial peace) . Now, I have a wife who is a homeschool teacher, and four kids. Our rental home (which was the "new house" I bought) is paid for. We have $300,000 in an IRA, and our current home is halfway paid off. I'm 42 and not sure if I'll be a millionaire before retirement, but I'm in a much better financial position than I was.
Thank you!
*military retirement will be about $50k
*$1M in life insurance just in case.
Apparently it’s old school to live by the adage, “If you can’t say something nice, don’t say anything at all.” George, you don’t deserve all the hate. You’re (good grammar - also old school) doing an amazing job reaching a multi-generational audience. Keep up the great work! I also wanted to tell you that I enjoyed reading your book. It was the Total Money Makeover for a new generation. You have every reason to be proud of the work you do! Ignore the haters.
Great as always, George. It's a behavioral mindset, that's all. The rest is semantics. No one is going to agree with all the things you or Dave promote all the time, but those that catch the basic principle of "yes you can live below your means and get wealthy slowly through discipline" are the ones who will succeed.
I resisted discussing buying something we couldnt afford due to watching your content. We are not in debt but impulsive overspending is so easy to fall into.
I love your humor and the content George.
"Haters will never die" True statement 😂 Keep up with your funny and educational videos. It's what keeps me motivated on BS6!
I sometimes don't like your humor (not fun), but sometimes they are, and really appreciate the money principle advice you give us! No need to think/spend energy on the haters - they will always be there no matter what you do
I find your videos to be entertaining and while I don't agree with everything, I have learned things and gain a new perspective
Keep shaking those haters off George! Good stuff
How dare you George for helping me become debt free and grow my net worth.
George - I love watching your videos! I’m 59 and love the humor you bring to financial discussions which can otherwise be a dry subject. Keep up the great work!! Your dogs are definitely good looking too!
lol grammar police George! I’m here for it! 😂🍿
George should become a 3rd grade grammer teacher. 😂
@@stevenporter863 grammar* 💀 bro c’mon
@@DBUSA_ C'mon? That is incorrect Grammer too. Guess that is important without anything else to do.
@@stevenporter863no, c’mon isn’t bad grammAr.
@@M_SC It is if not in dictionary.
Just opened my acount with Laurel Road. Emergency fund is sitting pretty with that 5.15%.....👌🤜🤛
There is enough seriousness in the world! Watching George's videos is making a serious topic light hearted and fun! He's funny!! 😂🎉
I've gotta agree with Steven Porter on the house thing. Your house has use-value and it has financial value. While you're enjoying the use value, and appreciating not having to pay rent, it has functionally 0 financial value. You can't access the financial value without giving up the use value.
Is not paying rent, in a way, accessing the financial value? Rent is the financial cost to get use out of a house. I pay rent, you let me use house.
@@SquirrelRocket Paying rent or paying a mortgage (plus maintenance) is functionally the same thing right up until you're done with the mortgage. A mortgage is better because you get to be done some day, but you're still paying a monthly housing cost. You aren't saving much, except the stress of dealing with a landlord.
Having 100% equity in your home is the difference. If you can liquidate your asset for its full cash value, that’s much different than people HELOCing themselves into only having 15% of equity and then complaining that it doesn’t count towards the asset’s value. Huge difference.
Houses appreciate in value.
@@kellenkraft8304 They do only because they keep printing money, illegally, as in, NON-Constitutional, and it drives up the prices. The homes are NOT worth any more in reality. The dollar is all a shell game, just keep that in mind. And yes, you should own some precious metals. Some, as in 5% of your overall net worth.
Blahaha! My dad married me and my husband and opened up with "Mawage! Mawage is what bwings us togefer today!" I love the humor in the videos. It does make, otherwise boring financial videos, easier to watch!
I love it . Your dad sounds hilarious!
Inconceivable!
That was fun. The haters only showed their stupidity and immaturity.
Our God indeed is a covenant keeping God. Has he said a thing and not perform it? I watch how things unfold in my life, from penury to $356,000 every three months and I can only praise him and trust him more. Hallelujah 🙌🏻🙌🏻🙌🏻*
Hello how do you make such monthly??
I'm a born Christian and sometimes I feel so down🤦🏼of myself because of low finance but I still believe in God🙏.
Thanks to my co-worker (Alex) who suggested Ms Susan Jane Christy
She's a licensed broker here in the states🇺🇸 finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸and also paid for my son's surgery (Oscar). Glory to God.shalom.
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of RUclips videos about it but I still find it hard to understand.
I just watched a video the other day where George had to walk back his viewpoint that you can't use 8% as a withdrawal rate in retirement. It's too bad that Ramsey has such a hold over George because he has to tow the company line even when he, himself, knows it is nonsense. George, you are better than that.
You know that he does work for Dave?
Yeah, it's crazy they won't acknowledge that sequence of returns risk is a thing that exists..
@@bribradt3450 if you look at long term, I have averaged well over 12% over the last 30 years.
Hi George, big fan here. I want to tell you I have paid the stupid tax with your Tello add. I paid for the $25 line and I can’t even make phone calls suffice it to say use the internet. I live in Jarrel Tx and Tello does not work in my area.
I paid the stupid tax and it cost $140.00 to switch back to a different provider.
Thank you for calling them out
Man i hate how entertaining you are George- stop being so relatable 😂
I have a comment about Dave's radio show ... I really don't like when people call in and say "we're debt free !!! (other than our 300K mortgage)" ... If you owe money, you are NOT debt free.
Mortgage debt is “different” from other debt. You’re making payments (versus burning rent money) on an investment that is going up in value. You also NEED a place to live. Compare to credit card debt, car loans, student loans. Your new shoes that you didn’t need that you bought with the credit card aren’t going up in value. Your new car that you didn’t need with a 9% interest rate isn’t going up in value. Your degree that isn’t even relevant to the job you ended up getting isn’t becoming more valuable.
@@spruth6410 debt is debt ... some debt isnt as bad as other debt but it's all debt and all bad... to some degree.
I just think it sounds dumb to say "we're debt free, we paid off 30K in loans ... but we still owe 10x that on our house". That would be like me saying "I'm a vegetarian... except for when I eat meat everyday".
Haters gonna hate George. We all love your videos!
Cats and dogs are both awesome in their very own unique ways. 🐱🐶
Yep. I'm a cat person. I can't ever see myself with a dog. But I don't hate dogs or hate their owners. They are great too. I just prefer my little purr children.
I think the distinction is animal people vs people who don’t like animals, including those that make an exception for one kind of animal or one particular pet.
Grew up in the 60s/70s and we would say as kids, "if I had $100K, I'd put it in the bank and live off the interest." Now my net worth is about $1.3 million, (paid off house, IRA's, bank accounts, things), but I am still in the middle-income class. I bought my house in the San Diego area in 98 for $140K, now it is valued at about $800K.
Who deems something “middle?” You sound rich to me EDIT - oh I just realized you live in California. Yeah, that stinks. You WOULD be super rich here in Ohio. But you would have to fly to Florida in the winters lol
Haha George roasting fools 🔥 but forreal in the nicest way possible i do disagree with the whole only 15 year fixed mortgages thing. I think it unnecessarily shuts many young people out from getting their first home. If the 30 year mortgage payment is 25% or less of take-home you can still become very wealthy and pay off extra as you go. Also more wiggle room in case of emergency or job loss. Love your videos though!
While people are wrong when they say your house doesn't count, i do get where they are coming from. Your home is an asset, but it is basically the only asset you have that you can not liquidate cheaply and easily, and even if you do liquidate it, you still need to take on another liability or another asset to replace it. That's why a lot of people don't like to count it, because it really only counts on paper.
Missed opportunity in editing for “you’re”.
Y O U apostrophe R E means “You are”!!! Y O U R means “your”!!! -Ross Gellar
😂😂😂
We were on a break!
I was thinking the exact same thing when George said this! 😂😂
Good video! A better example of the prison point could've been, a 30 year mortgage is like house arrest (more freedom) for a longer sentence but a 15 year mortgage is like prison (less freedom) for a shorter sentence.
I could not agree more. That is a reasonable lesson analogy to remember personally I'd rather do 15 years versus 30 years of easy labor Freedom's priceless
I was laid off less than a year after signing my papers. It took 3 months to get a job that would supplement unemployment and another couple months to get back into my career. I was glad to have a lower payment on a "house arrest" 30 year instead of having to live on rice and bean (just one!) to make payments. George is right. I probably could live more tightly and pay it off in 15, but I'm on track for 20 and I'm ok with that.
@@jenniferpearce1052 just one bean 🤣
Never understood how grown adults don't know the difference between your and you're lol
Well look at the education system throughout the past 20 plus years now. They are hell-bent on teaching wrong pronunciation of words that involve having the letter t or Double T in the middle of the word and trying to ignore that T's existence such as " bu in "...its a black lazy misprunciation thing that has infected our education system.
The school boards who are paid off by the far left across the most of the nation have been pushing idiotic teaching agendas such as critical race Theory and fisting down to the elementary schools. That's how dumb down this nation has become these days
Even when the brain knows it, the fingers do not. I am a stickler about spelling and grammar and sometimes I still type _your_ when I think _you're._ Worse, when I think _your_ I only type _you._ So I get stuff like, "Don't assume we all agree with _you_ argument. _You_ argument is not supported by the facts." 😅Makes me sound like a caveman with intermediate typing skills.
I love the to, two, and too errors.
@@cisium1184 I do the same thing. That's why I try to read everything after typing it out because 90% of the time I make a typo.
My pet peeve is “Of coarse”
I think your jokes have a 50/50 shot at hitting, but on this video they had me rolling 🤣🤣
Hi George, I've learned so much from your videos. I appreciate how easy they are to follow and the humor that keeps them engaging. So many financial advice videos/podcasts/shows are too boring for me so thanks for making yours enjoyable. Keep it up!
George, your humor brings me back to this channel. The financial advice is just the cherry on top! Keep it up! 👍🏼
Your YT channel is great, George! One of the funniest I subscribe to, and for a financial channel, it takes the cake for sure. I feel like all of the haters are probably broke people. Keep up the good work!
You’re awesome George! Thank you for all of the fun, financial wisdom!
I am soooooo inspired by how many haters you have, George! Good on you! It's no hard task to convert the believers. I think the haters are secretly looking for answers.
My cat has more confidence than any bull dog, and keeps the two dogs in our house in line. The cat herds the dogs, and joins in correcting them. Plus our cat has a silky beautiful coat and is super friendly to all humans. And since my cat is a member of our household I think he qualifies as being a millionaire.
Don’t correct your dogs. Be better than a small brained animal. Use science based training. Which has debunked punishment (the scientific word for correction).
🤣😸
I love my cat. I like dogs, but I own a cat and she surprises me with her feline like wisdom all the time.
George Kamel roasting the best of the worst comments is my new favourite kind of content.
About cats: you developed life skills and resilience when you live with an animal trying to kill you in your sleep.
George, I LOVE your channel and your wonderful sense of humor! I have learned so much and consider it time well spent! 🙏
George, I love your channel and your fun videos! Please keep it up. Making light of the negative comments is a great way of handling such adversity.
Oh please! Even halfway through this I have to say “George you’re great” if people don’t like your content, they don’t have to watch it. Watching you from England and I think you are very funny, also a complete sweetheart 😊
I am 55 and George makes me laugh all the time. People will refuse to follow simple principles. Those of who will remain BROKE! I am down with Ramsey, because I listen not just hear.
I love your humor! That's what makes your show so good, and makes people laugh, while learning about money. Thank you George🙂
I actually love the jokes and the editing. Very clever and I appreciate it. Thanks all!
I think you are funny George, and I appreciate the effort to make personal finance more engaging.
You're content is the best. Your going places!
You could definitely find my cats behind a dumpster 😂
We actually find all sorts of designer clothes at Goodwill :-)
This is gold LOL!!!
You don’t get the last word. Daddy Ramsey does
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@Ingridlourd02 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@Ingridlourd02 You are welcome ..
Scammers should be featured in the next video about comments....
As much as i love your content and have used the baby steps myself, i still think the 15 vs. 30-year debate is nuanced. I dont think a 15 fits everyone, isnt that why its called personal finance? Its personal. Or what you guys say regarding life? Things happen, and a 30 year mortgage might mean you dont lose your home when a spouse becomes disabled, or a life even happens that affects your income. The difference in costs between a 30 and 15 in this drastically higher cost of living cab sometimes be the difference between losing your home and not
George I don’t TRUST cats either😂😂😂😂
I appreciate you George
My favorite (funniest) Kamel video on RUclips.
This guy is just too funny!! 😂 keep doing what you’re doing man. You’re doing great 👍🏼 making boring finances fun 👏🏼
...and 15 year mortgages offer lower interest rates. Don't forget to cough up that 20% down payment to avoid PMI while you are at it.
I picked up on your sense of humor right away and I love it. You make it fun and easy to learn. My hubby is 71 (and still working) and I am 67. We are debt free and have a whole lotta mutual funds chugging along. We actually invest our early social security into all those mutual funds. Keep doing what you are doing. Some of us are loyal to you and the "Ramsey Clan."
At your ages do ya'll still smash from time to time?
George, this is one of your best yet! You are absolutely HYSTERICAL!!! 🤣The "your" grammar is hilarious because it's SO TRUE and consesus!? Say WHAT?! 😆😆 I laughed throughout this entire video!! LOVE your content! Keep them coming!!!👏👏👏
Go, go, go, George! We need funny smart infos about money. All the best from Romania!
A 30 year mortgage is objectively a better financial decision from an earnings standpoint because you can invest the difference in housing cost in a index fund and outperform your interest rate. Therefore, it'll make you more money to have a 30 year.
But you also have higher interest rates for a 30 and you pay so much more interest over the years.
@@TShirtAndReeboks Yes but the stock market historically outperforms those interest rates. You can save maybe 0.5% on an interest rate with 15 yr. But you can also make at least 7-8% in an index fund. So, unless you have a 6%+ interest rate. A 30 year is better.
@@TShirtAndReeboks Higher? We got 2.99% and 3% (we refinanced to get to 3%).
95% of people on a 30 year invest the difference in processed cheeseburgers instead of $SPY
@@ParkourBrian very true lol
I love your humor!!! I'm glad that you don't let the haters change your approach 👍🏾
I messed up... got a 30 year mortgage back in 2009 and paid it off last spring.😢
Ramsey has been a shining example for me… and I live in Australia… come this September, I too will be debt free 🎉…I will contact the Ramsey studio and ask to do the debt free scream 👌😎😊
I was talked out of a 15-year mortgage because they (family and my girlfriend) were worried about potential loss of income and not being able to meet the higher payments.
George, you’re hilarious. Don’t ever change 😂
To many people reading rich dad poor dad, and not enough actually doing something
Noooo! Not the cats, man!!! Don't split the community.😂
Love your content. Keep it up.
People blame their own failing on those who do what they could not.
You are a true boss, George. Takes a real stud to take the hate with jokes and grace. These poor (literally) haters are losing.
George is my favorite!! Don’t listen to the haters. I love the content and the delivery!
I love your channel even though I don't agree with a couple of things. You could legitimately become a stand up comedian as a side hustle.
I appreciate this channel. I have a spending problem and channels like this help inspire me to stay on track to build wealth.
You're hilarious...and 100% correct!
Your comebacks are amazing. I love your content, jokes and memes. Thanks for making a dry subject fun and educational. Ignore the haters 🤗
I’m a Gen x and I love your videos. You are hilarious. Keep up the good work George!