Confronting Dave Ramsey About Bitcoin, Dividends, and Real Estate
HTML-код
- Опубликовано: 9 май 2024
- Confronting Dave Ramsey About Bitcoin, Dividends, and Real Estate
► Moomoo: Deposit $100 to get up to 10 fractional shares (4.17-5.28) + 5.1% APY on uninvested Cash j.moomoo.com/00mF1C
► Get 20 Fractional Shares (when you deposit $500): www.webull.com/k/AndreiJikh
► Where I Buy My Bitcoin: coinbase-consumer.sjv.io/Andrei
► My Podcast: / @dontsweatitpod
► How I went from Zero To A Million: www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: / andreijikh
► Open A Roth IRA: m1finance.8bxp97.net/c/198055...
► Follow Me On Instagram: / andreijikh
► How I Protect My Bitcoin: shop.ledger.com/pages/ledger-...
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
SOURCES:
www.ramseysolutions.com/
/ @theramseyshowepisodes
/ @georgekamel
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Watch the full 1 hour 20 minute video here: ruclips.net/video/8Pyl7BDIXqU/видео.html
Sir Ramsey is a National Treasure ⚔
No thanks dude is a clown. But ty for bringing us diff content. Can't hate you hustling hard and happy yoy met a famous person. Not trolling. He's good for layman people, and sure they can benefit from him. But I hate his arrogance and confirmation bias. He makes claims that are out there and his viewers don't know better so they just ear it up
Again an amazing and interesting piece, you continue to hold my interest and provide compelling content. Please keep up the great work
No thank you
lol Andrei I could tell you were a bit scared asking questions on crypto
There’s NO WAY Dave Ramsey read the Bitcoin whitepaper 😂😂😂😂
What's important is he said it wouldn't matter to him because he doesn't buy those kind of investments, so just take him at his word and accept that Dave has found success with his formula and so he will stick to his formula. At the same time it's extremely likely that Bitcoin will beat his mutual fund over the rest of his life.
@@SamJones1337this is hard to assume if he lives another 20-25 years. Bitcoin or any other cryptocurrencies value is gauged by its technology of blockchain.
Confidence is key in bitcoin, to store bitcoin need to have either a third party like Coinbase or a physical wallet in a drive. Third party company might give you confidence to a certain extent and physical wallet is like having gold/money under a mattress.
Nvidia has gained more value cause of bitcoin mining, AI, etc. I would have more trust in a company producing value by a product or service then on a commodity being a source of holding on to for its scarcity. Bitcoin is a hedge against inflation, just like any commodity. Your assumption is that more people then what is current will have confidence in it despite it’s inefficiencies, especially in country like the US wanting to go green on the political landscape.
@@SamJones1337 This is a brainless response. Dave just lied saying he has read the White paper. He clearly hasn't. He clearly doesn't understand how it works. The guys has "wisdom" based on arrogance and platitudes. He makes an appeal to history and then hand-waves away gold despite it's 5000 year history as a store of value.
@@SamJones1337 If he didn't, then why lie about though? If he did, then he doesn't get it.
Right answer would be " listen, I just don't understand crypto "
Dave is a wise guy but he’s definitely locked in his ways and mindset. I would love to see him and Michael Saylor have a chat.
Would be waste a time on both ends. Can lead horse to water but cant make em drink it
Yeah, Dave isn’t on that level. You don’t step in the ring with the champ because you think you can fight. They’re both behemoths in their worlds, and set in their ways so deep that neither could land a crippling blow to the other. I think Anthony Pompliano, Chamath Palihapitiya, or even Greg Foss are more on Dave’s Bitcoin debate level.
@@SatoshiHODL i don't think either wanted to debate. Andrei just wanted to touch bases maybe get a little feedback is all
THIS would be good
@@fivexx5183 u are over 60?
When the cameras turned off…
Dave: So Andrei, about that one Bitcoin.
😅
😂😂😂
HA! Dave is Dave, he didn't want any Bitcoin. But he never offered me any of his real estate :(
@@AndreiJikh lol I bet not! I was relieved to hear him at least explain his dislike for Bitcoin in a rational manner in this video. On his show he just goes into these senseless tirades anytime someone mentions it. I had to stop listening because of it.
One bitcoin to Dave Ramsey is like putting one sprinkle on a cupcake. It won’t increase his net worth much.
“Oh sure, I’ve read the whitepaper and all that stuff…”🤣🤡🤣
I bet if he got in at $1/coin, he would sing a different tune.
@@FluffyNuggets369 That's the entire point, he wouldn't have gotten into Bitcoin, because it's against his thesis. Thus, his thesis prevented him from taking part in the best performing asset of all time, and then he tells the little guys to invest in underperforming assets that will never compete with cryptos growth rates.
I laughed at that too.
I doubt he knows with the white paper is
@@kerrybking1 💯
A lot of people are commenting here without watching the video. You’re not supposed to agree with everything everyone says, but this dude has been teaching common sense in finances for decades. Mad respect for the interview
If I listened to him, I'd be killing myself to exist within the matrix. I went outside the matrix and learned digital assets and spedrun the process.
@@paulclinton6414 and how’s that working out for you? You got one whole Bitcoin now?
@@paulclinton6414 what if there is no matrix and people are blindly believeing something ?
The way he talks about Bitcoin as a short term speculative asset is just plain wrong. 15 years of price history says otherwise. He confuses the term "bitcoin" and "crypto", like most people do. Most crypto is short term gambling, Bitcoin is not. There is no other asset on earth that has a better ROI than Bitcoin.
He thinks it's a bubble. The timing of that comment couldn't be at a worse time, seeing as all the major institutions are getting onboard. If BlackRock and Fidelty are in on it, you KNOW where things are going. Then you have all the banks, hedgefunds...even nations. It's like claiming internet will be a fad, back in the 90's.
The price isn't gonna stop at 60-70k, it's going into the millions.
Sure property is a "safe" bet, but it's gonna take a long time to reap the benefits.
@@fred6907 if that was the case why no real millionaires are selling their physical assets such as properties,gold,cash etc for bitcoin and just hold for like 20 years and are 10+M ? there is a catch lol.
The people who are long term investors of Bitcoin are the ones who actually know what they are talking about
The number of people who "actually know what they're talking about" is exactly zero.
@@amireallythatgrumpy6508
zero?
Meaning?
@@amireallythatgrumpy6508 Why are you commenting then?
Typically that’s true but an even easier way to tell the real investors from the get rich quick crowd is how focused or dismissive of they are of “shitcoins”.
Nothing is certain, but I would put Bitcoin's chances of producing huge long term returns at 90% probability. A random number I know, but you get the point lol
You are very respectful and humble. You also represented us Bitcoiners well with your respectful questions and beneficial input. I very much enjoyed this interaction.
I appreciate that!
I'll take the BTC
Thought you said BBC! 😂😂😮😮
@@SocalarboristLMAO 😂😂😂😂
Send it haha! How about we do this! Take the BTC and put it in a time capsule! That way we can watch you dig it up when it’s worth millions 💪
Yea hey Andre I'll take a BTC please 🙏 or half of one.
I own no btc but am all in on alts
“Mathematically wages haven’t kept up with house prices so mathematically it wasn’t easier.” Wouldn’t that mean that average wages in relation to home prices were higher in the past than now? So mathematically, yes, it was easier previously.
No, because now mortgages are easier and more available and affordable than before.
Yes cause all the they do now is give you credit you can’t afford instead of you having most the money first.
Dave did acknowledge that. It’s kinda hard not to. So it’s like saying the sky is blue.
To an extent. Like he pointed out before the 50's and all the government loan programs you had to come to the table with piles of cash, most could not do that. The higher cost is balanced by easy loans. It's never been "easy" to own a home. It's always been a sacrifice. The current housing market tho does suck. Best hope interest rates don't go up to 18% like they once were. Homes are still selling even at these inflated prices. Let's not pretend that the average home hasn't changed as well. 925sqft was once a family home. Now no one wants a house that size. Homes didn't have expensive heating and cooling systems. Expensive appliances and all the extras you get now. Expectations of home have grown massively. That's reflected in your cost. If you go look at homes that would compare to those days it's not the same picture as you have. Lower your expectations and home becomes more affordable.
Dave was totally wrong with his comment that it was not easier to buy a house in the past(e.g. 1970’s). The average US salary rose with the cost of living until the late 1980’s. The US dollar lost 90 % of its value since the 1970’s, Nixon eliminated the “gold backed” dollar in 1971.
Basically comparing BTC to gold, he's getting there!!
Good job trying to educate him, Andrei. He's a tough nut to crack.
Thank you! I think Dave's awesome, I have no doubt he will remain a billionaire even if he's wrong on Bitcoin
“Trying to educate him”. He made a reasonable explanation that left Andrei speechless. The crypto community is the group that needs education.
@@FJX716 I don't want to speak for Andrei, but I think he was being respectful to someone he looks up to. Spend some time learning about how broken our financial system is and how Bitcoin solves many of our macro and micro issues before forming an opinion that comes off as ignorant.
200m dollars I think he's allowed to be stubborn lol andrie ain't touching that wealth
@@FJX716I am retiring to a tropical island with millions decades before you will.
Basically he won’t buy Bitcoin because he wants to speculate that the past will repeat itself for assets that have been around for a long time.
Exactly
He wont buy it because HE DOESN'T NEED IT! There is ZERO reason for him to take the risk.
@@HC-sb1ru he needs it without understanding why. You as well. Plus given your argument, if he doesn t need it because he has so much money, why would he worry about 70k
@@Loremips9966 No he doesn't.That's just something btc maxis desire. The wealthy have had to deal with inflation for decades. Even if US fiat collapses it will be fixed because the US government cant allow all wealth to evaporate.
Also, Dave has real estate which is even a harder asset than bitcoin and him losing 80% of his assets still makes him a multimillionaire.
Appreciate you pushing the Bitcoin conversation Andrei. Keep up the dope content.
9:34 I'm not a rocket surgeon hahahaha... I don't think anyone is...
It’s a fairly common saying, a mix of brain surgeon and rocket scientist, I first heard it in the movie Mystery, Alaska from 1999 but I’m sure it’s been around longer.
Hey, says that all the time. One of my favorite lines 😂
I know a surgeon who became an astronaut. Does that count?
Really really appreciate your stance of having a conversation with someone you don’t fully agree with. It’s refreshing to see someone breaking the bubble of their own ideas! Please keep it up!
Dave had to constantly talk over Andrei when he realized he never read the whitepaper 😂
Exactly - so obvious in his one word reply “ sure “ when Andre asked if he has read the white paper ha ha ha and also so obvious in his demeanour that he dismissed BTC years ago and now like Shiff cannot admit that he is actually wrong 🙄
18:17 air is priceless and so is Bitcoin 🚀
Dave made the air comment and I thought....how long can you live without it?
@@jjyolo7249 Hilarious. He basically explained the value of Bitcoin and he refuses to accept it. There is no "hope" with Bitcoin. He simply doesn't understand how it works
@@jjyolo7249and how much money can you get for it?
I think what Ramsey was trying to say is a common phrase in the crypto world, "Never Invest More than You Can Afford to Lose"
that's a common phrase before crypto.... yall crypto ppl be thinking way too highly of yourself. Straight up Benjamin Graham probably used that line, JP Morgan used that line.
@@henrytep8884He didn't say crypto invented the phrase. Learn how to read.
You do hear that phrase in crypto all the time. We’re AWARE that it’s speculative! The fact that some ape in with the money from their HELOC doesn’t negate that fact.
@@oldscratch3535 I did read it correctly, when did I say that crypto made that phrase? Maybe you should read my line again, since you don’t know how to read, it’s a common investment phrase, why do crypto think this is some unique statement from the crypto world when this line been around for a long time? This is just stolen valor at this point, again crypto got nothing original to say and trying to get credit for things they didn’t make.
Doh !!🙄
Dave Ramsey’s best advice was when he said: “Scroll back up and smash the like buttonski 💯💯”
Best advice ever
I love to see him soften his stance on Bitcoin. Now its 'just not for him" lol.
Can’t teach an old dog new tricks 😂
You can send that one bitcoin my way!
Fantastic interview! Thanks for putting this together, Andrei
Thanks for checking it out :D
All the blackrock PhD mathematicians are making a guess with their calculators.
Bitcoin is technology, call it a guess if you want but it's the best performing asset for the last decade Dave.
As long as the government keeps allowing and asking the central banks to print money, Bitcoiners are gonna keep putting money into Bitcoin because it serves as a protection from debasement.
That’s why listening to Dave about Bitcoin is dangerous.
But what does every person who owns BTC do with it in the end? Are they using it like currency? No, they are converting it to cash. Cash will always have value over data. There’s no reason to own BTC if it’s not accepted as a form of payment.
I’ve also bought a couple of shirts and other products from vendors who accept Bitcoin as payment
@@FJX716 Many exchanges now allow bitcoin as payment. I see no reason why using bitcoin as an alternative currency wouldn’t be any option.
@@FJX716is gold used like currency? It’s digital gold.
Ok, it's obvious that Dave doesn't like Bitcoin because there is no way for him to package it up and somehow sell it to his audience. We all know this.
Dave and Peter Schiff should have a talk show.
They probably both own Bitcoin
In ten years there’d be no one left to watch it😂!
That interview was great. I really appreciated when you pushed back on him. I think when it comes down to it Dave knows he has to give financial advice that can benefit most people. Crypto on the other hand drains most people.
Dave’s advice is excellent for people who aren’t personal finance nerds. You’ll get out of debt, and you’ll build wealth steadily and reliably. Super low risk, and easy to follow… not sure where his 12% return mutual funds are though!
Hahaha Don't tell this to Robert Kiyoski 😂
I cannot fathom how hypocritical and isolated Dave Ramsey is regarding bitcoin especially with how he has an implied understanding of fiat and value in assets and made millions from this knowledge.
Claiming it's a speculative asset is just plain wrong. It WAS speculative in the beginning. Now it's been around for 15 years, can't really call it short term anymore. And it's not like it's going away anytime soon. The amount of money being poured in from all the institutions is proof of that. There is NO way the price will go anywhere but up from here, the demand is just too insane.
Dave Ramsey’s best advice was when he said: ,,Garbage in, garbage out´´
I enjoy listening to the debates. Andrei and Dave both debated over bit coin.
Also, Kudos to Dave to standing for his beliefs. Andrei offered, and Dave declined. Generousity and diversification on both ends of the conversation
Glad you did this Andrei!
I like DR as well, but what he does not see is that BTC is a hedge against a decreasing FIAT currency with the $ leading all of them. You missed your opportunity when you said that BTC's Supply is now less than Gold and DR replied but it wasn't last year. EXACTLY! But I think in DR's mind he was mistakenly pointing out that the supply of BTC could reverse and change back next year and be more than gold again.
He’s saying speculation and events like the halving spark the belief this will make the price increase. Nothing about the halving has made BTC reach much higher than 72k. It’s even made the price drop lower.
Great episode! Thanks Andrei
Man raoul paul needs to have a conversation with Dave about crypto
Robert Breedlove and Andreas Antonopoulos too.
Inflation decreasing of a finite supply while demand is at all time highs and increasing more than ever
I loved the interview and to be honest what he said is logical; I liked his perspectives. Thanks for sharing Andrei ✨
Spec home is a non custom built house… It is built to spec! FFS…
I've also heard it referred to as "speculative" homes that builders go all out on (this is less common nowadays then prior to 2008) so maybe that's why the older people refer to them in that context
❤❤❤❤Loved this. Transparency.
Preach Bitcoin my man!!
'but last year april, it wasnt' - Dave Ramsey on bitcoin being the scarcest asset due to the halving 🤣🤦🏻♂️
17:08 "When facebook went public, did I put any money in it? NO!" lol that's no a flex
He is saying that to explain that, when Facebook when public nobody really knew if it was going to succeed, therefore you'd be speculating. It's easy to say you missed out on hindsight.
it actually is a flex to get as rich as he is without investing in any speculative tech company. it’s not flex to say u guessed and got it right
@@bibby3027 He didn't get rich investing either. Book sales and talk shows and some good luck, not taking anything away from him, with real estate. Most of Dave's wealth is actually in his company's real estate property.
Great & so much good information 💪🏽
Awesome interview
“Buy” or finance a home with no credit and still lock in a great rate?
Dave glossed over that real quick! 😂
Mortgages are the only debt that Ramsey isn't adamently against but they still stand by the principle of not borriwng more than you can afford (25% of imonthly ncome) and paying it off as quickly as possible.
damn good episode. love dave and andrei
I'm glad Dave is welcoming RUclips personal finance folks to his channel.
"You also can't afford to live in Tokyo"
Actually Tokyo an incredibly affordable city for it's size due to the extremely loose zoning laws that allow massive amounts of housing to be built of all shapes and sizes. It is unthinkable for a low wage restaurant worker in NYC to have their own studio apartment, but that is actually quite common in Tokyo. On top of that, the public transit in Tokyo is world-class so you don't need a car, which is more savings.
I enjoyed this and it’s refreshing to see Dave in an off the cuff fashion. Not the biggest fan of his but I appreciate his point of view and that building is pretty cool.
Considering what Dave said about what makes something speculation verse investing. Would he say that an investor investing in a new business isn’t investing in that company, they are speculating in that new company? That business doesn’t have a long term track record so it must be speculation
Sounds like it. From everything I’ve heard over the years investing in a new business, especially a restaurant, is about the riskiest thing you can do.
Yes……that is exactly right lmao. Sounds like you’re trying to make a rhetorical question that would make a point.
Thank you for the ad break after offering the bitcoin
Great video Andrei!
I like this guys investing advice
Thanks for the interview!
I had a blast!
@@AndreiJikhI’m glad you didn’t just agree with a dinosaur.
Andrei, your poise, finesse, and patience speaking with Dave about Bitcoin was so impressive.
Dave kept saying Bitcoin has "no track record", but at what point does it have a track record??
Its 15 years old. Does is have a track record at 25 years? 50 years? 100 years?
Dave came as close as he's gonna get, but the reality is that Bitcoins track record over any timeframe in the last 15 years is phenomenal, and although its price action is volatile, its not speculative... We know its supply dynamics with certainty which is completely unique from any other asset.
Thank you! And great point, every asset goes through a period of having no track record but that’s not a dig against Bitcoin. I think 15 years isn’t exactly a short record either!
Thoroughly enjoyed the difference in your interview compared to others, and my favorite part was the behind the scenes of the studio and complex. Very cool and interesting stuff!
He's a financial televangelist, the Joel Olsteen of money... "I'm not a stupid boomer who doesn't understand crypto" also "I'm not a rocket surgeon"
He says "rocket surgeon" all the time. It's a joke. The man built and runs a media and real estate empire, he's unquestionably smarter than you and I.
I agree. His whole shtick is annoying and dated. Being a boomer helped more with finances than cutting coffee ever will 😂
Great video! Congratulations on getting a interview with him.
Dave sticking to his integrity!! That part!! 🎉
It’s not integrity. If he flips script now he looses the narrative & in turn losses power.
20:31 integrity! A word fading from understanding..
Good interview
Man this was a great interview with Dave trying to push him with someone that really knows what they're talking about
Are you going to meet Robert Kiyoski next? That would be cool!!
At one point of time, there also haven't been bluechips, s&p... so, it is a weak point saying not to invest in BTC because of track record(16years).
Yeah buddy you totally didn’t know that S&P was created back in the 1920s didn’t you.
My mom also calls him Uncle Dave lol. Love this collab
Great interview!
This was really good you done a great job standing your ground on BTC and strangely enough I half got where Dave was coming from. But yeah this was dope!!!
Enjoyed your BTC discussion with Dave
what is the approximate timestamp of that? cheers
thanks Dave! He was fun to talk to, if you come out to Vegas again, let me know!
Are we seeing a slow bleed from BTC into BCH ?
BCH is up about 300% in one year, over twice as much as BTC..
BTC with small blocks isn't and cannot be a P2P Electronic Cash System for the world which was the whole point of Satoshi creating Bitcoin in the first place
Bitcoin Cash: A Peer-to-Peer Electronic Cash System
The same 21M max supply as BTC
Same halvings
Same miners
Same Genesis block
BCH big blocks, scales on-chain, is fast and cheap to transact P2P on L1
Thanks for doing this. It was great seeing two people with so much knowledge discuss their views on investing, home buying and other financial topics. Well done sir!
9:39 “and I’m not a rocket surgeon” 😂 😷 😂
Dave Ramsey doesn’t believe you can “invest” in digital assets, but there are plenty of people who are investing in them with a multi-year view. Bitcoin may only have a 15 year track record/history, but its security has never been broken despite many attacks, which is impressive, and it does have a long term roadmap to 2140. If it does reach this, then inevitably, those who did invest and held on will no doubt become millionaires, if not billionaires,that is generational wealth. It has huge asymmetrical upside which is foolish to not have some skin in the game in.
You do realize people can sell others dreams and believe in it ?. No one get rich without an actual business money producer.
@@penguingobrrbrr353
Exactly!
That's why gold has no value
HODLers have done their research and invested wisely, based on the risks they are willing to take on a new asset class. Dave's yardstick about the terms "speculation" and "investment" is easily disprovable nonsense. VCs have done their research and invested in all kinds of new inventions since forever.
@@penguingobrrbrr353 I see your awareness of the world you live in. You believe that not even one person has become rich from investing in digital assets or Bitcoin.
Great interview.
Outstanding interview!!
I loved you and Dave’s back and forth great like you guys doing it together for years lol
Well done!
I. Have. Been. Waiting. For. This. For. Years.
Thabk you!!!!!
Awesome interview. Learned a lot.
Absolutely love this. Nice work Andrei & Dave!
Good video Andrei
Automagically!
Good job Andrei.
Bitcoin track record is since 2009. Is that long term?
No. Long term is 25+ years.
The NYSE was founded in 1792. What do you think?
That’s great but are you better than you deserve??😂😂
Loved your going back into the analysis of the technical aspect of crypto (@16:48), man! Up to the point that you mentioned that, the conversation really was going down a slippery slope. The importance of the actual implementations of blockchain, smart contracts and their market penetration is absolutely essential for all crypto assets.
'The people that are getting in it are getting in it because of greed.' DR. Not the case for most retail or institutional investors in BTC. They want exposure to an asset that cant be debased by governments and has all the positive attributes of gold with none of the defects. And massive amounts of analysis has been done by some of the best talent in finance.
'You can look back 10 years and has Facebook done okay. Maybe?' Its up over 800% Dave.
Davis is so wrong about bitcoin. I took out a heloc on my house and bought at 20k. Best thing I ever did. Still holding.
Wow that sounds risky AF, glad it worked out for you tho!!
I love bitcoin but that’s too much of a gamble. People need to be more responsible financially before they go into bitcoin.
Glad it worked out for you though! BTC to the moon this cycle!
I know crypto and real estate and I must say that’s an insane risk but I’m glad it’s working out for you thus far. Please tell us you already paid off the HELOC!
buying some bitcoin is smart. betting your house on bitcoin is really risky and therefore not smart, even if it does end up working out.
Well this escalated quickly.
I mean I'll take a BTC Andrei! 😅😅
Old and young points of view of financial experts, I love it.
Amazing!!! Two of the best!!! Priceless!
Ramsey is great for getting out of debt but as far as investing or using leverage or credit responsibly hes not realistic. To say theres no benefit to building credit or earning sign up bonuses or percent back on everyday spend while paying credit cards in full is asinine
Yep!
Definition of an ignorant boomer. If he was born now he would be nobody
To be fair he was ignorant then. His bankruptcy is what changed him. Which could happen in today's time for anyone as well
Just like every single American born today will ever be.
A hard worker and skilled salesman will, I think, always have some degree of success.
@10:35 I 👀 with dem kicks, Andrei.
To be a master you must find a master to be like. Great video. Cheers from Switzerland.
"You think it will continue to be that way?"
"Sure!"
Come on Dave
As shown in the video, Dave, much like Peter Schiff have an incentive at this point to never accept Bitcoin. He said it himself, he would lose credibility as a hypocrite. However, his tone is much different in this video than in the past. Of course he is face to face with a person. As well as face to face with a millionaire having a respectful conversation.
That guy makes this all sound cult like 😂😂😂
Almost as cult-like as the USA.
Great discussion , thank you so much Andre!
Everything is speculation. He doesn't understand that.
The collab I've been waiting for...
YESSSS!
U didn’t teach him why btc is superior money and technically fulfills the use case of store of value and medium of exchange better
Great interview with Dave. Gotta agree with him on Bitcoin . I do own some though.
Finally!!!! Good stuff