Financial Expert Dave Ramsey joins Larry King on PoliticKING
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- Опубликовано: 7 сен 2024
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Financial expert Dave Ramsey joins Larry King on PoliticKING to discuss why the average U.S. citizen still struggling to afford 'The American Dream,' despite private sector job market growth and record gains on Wall St.?
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Watch the Full Interview Here: www.ora.tv/larr...
Dave Ramsey is the man! !!!
Dave was the one who helped me out of debt, build a large emergency fund, get properly protected for my family and now I educate families because of him
Dave is so wise!
@ 1:56 - 'My dad made 25,000 dollars in 1972 and we thought we were rich.'
So how much is that? In 2014 that $25k salary is a $141,757.25 salary...
+GRAY PROFILE PIC TROLL $141,757/year is almost 3x the average household income in the United States today.
It's funny how it goes college, pay off your debt, save up money being an employee, then you go into business for yourself, struggle, struggle, gain footing, really get going, use other people money (in a sense debt) to grow.
Just kind of a shame so many people get lazy and stick with employment and cop out by having a family to end up with the convenient excuse of "I would, but I have a family now."
Beyond me why people start families so young and basically knee-cap their future.
I got all antsy thinking this was nonsense turns out, they were rich lol.
@@RyanJohnson People who use their family as an excuse are the problem, the family isn't the issue. On Dave's radio/RUclips show there are a ton of families who use his plan to get out of debt and become millionaires. Someone looking for an excuse is going to find it regardless of family. Of course it's harder to save when you have to feed kids but single people waste plenty of money and probably aren't as happy on average, so if you want to have a family it seems like a bad idea not to for financial reasons. Being dumb with money can happen to anyone. And using revenue from sales of books and classes that people willingly buy isn't the same as debt at all. Dave's material is basically all out there for free via his radio channel; people can buy the class if they want, not everyone who follows his plan does.
I'm 24 years old, no credit cards, no car, no debt. Zero, neutral FICO score. I'll be a millionaire baby nobody worry! My property will come before the car!
"Take control of your own destiny." - Dave
The message that is NOT hitting home with this generation.
rumblebeast08 kinda hard when half of this country makes 30k or less. -Kyle kulinski from secular talk.
Obviously you didn't watch the entire video. Dave loves this generation. Our potential is unbelievable but very attainable.
I followed Daves advice then I stopped. The result was 10K in cc debt to "get ahead" now I'm back on him paying aggressively on my debt and halfway there!
I hope you are still following his advice. Any updates since last year?
Social Security should be an option, not an mandatory for Americans. That is not freedom when you have to give your money to the govt in hopes of getting it back at 65.
The Long Project people are dumb as fuck,They'll blow all of it and will have nothing left when they're 60.
And then they'll bitch and complain.
It's unfortunate but the sad reality.
Not everyone will blow it. Some (with the millenial generation, I'd say most) that end up with a million dollars, will just keep adding to it.
However, I do know that SS is important. It helps those that are disabled mentally and physically (called SSDI) as well as the poverty stricken.
I just think they need to privatize it and quit letting Congress dip into it anytime they choose and put in Government savings bonds that are all but worthless.
I've said it for years. Congress really needs to be forced to have fiduciary responsibilities for tax monies. If they did, we would not be in the mess we are in now.
Do to Congress what they did to Michael Fay in Singapore. They're thieves, so they need to be held accountable.
The Long Project if it’s so bad how come congress hasn’t repealed social security or Medicare
@braden7180 Based on this comment I can see why someone in Washington would think they'd know better than you would.
Agreed- great guest, great man, great host.
Dave is a middle class advocate, a nationalist, and a no nonsense guy
Or as CNN would label it: An agent of Russia!
Al,
Are u in debt? Do u have a student loan?
Yes!!💪😊
He tells it like it is.
Two good men.
24k a year in 1972 would be 143k today. come on now.
I think he accounted for the inflation
@@luixjmz yeah?
I so appreciate Mr. Ramsey!
3:30 Gold backed money vs printing worthless paper is pretty significant.
Wow what a compliment from Larry King at the end
Work, give, save and invest. Concepts most of us in America reject
RIP Larry king :(
P.S. Dave, I read your book.
I like the mutual respect. Rest in Peace mr. King!
Dave is right, credit cards are a dangerous scam
I dont think ive seen Larry King ever smile. Must be a good sign loL
great
Dave was right his Dad was rich
$100 Roth a month makes you over a million in 40 years. How's that even possible?
Gareth McGregor investing in a good growth mutual fund with an average return of 12 percent. Best to choose a mutual fund with at least a 10 year track record
Gareth McGregor the fund is traded over the years pulling roughly a 10-12 percent return per annum. Roth IRAs are the best because you’re only taxed on what you put it in not the growth. Best to split your money across four types growth funds (internation, aggressive growth, passive growth, conservative)
Gareth McGregor It is called compounding interest my friend...
It still doesn't add up. Dave Ramsey is often exaggerating.
Gareth McGregor Okay I just did the math. Say you go to an early start at 20 years old and contributed 100 dollars per month until you were 65. You would have $ 1,777,464,.88. Now that's if you got an early start. Now say you start when the average person graduates and gets a job at age 22. It doesn't even matter what job so as he can putt $100 a month in it. So again at age 22 until 65 you would have $1,414,956.06. now these values were taken at 12% interest . And before you say you can't find a mutual fund at that just stop. I personally have several investmentd with a HIGHER return rate than 12% and at that a 40+ year track record on all of them. And these are mutual funds , very steady and very sturdy. So yes the math does add up. If you start investing young and continue every month you WILL BE A MILLIONAIRE BY 65. Don't fight it, just get on board and stop being skeptical, you will be glad you did
Welch Brothers
Dave should stop being critical of P.Shiff you guys are talking about the same thing Savings, investing and getting rid of debt less consuming, Dave is talks on the individual where as Peter talks Government If those two got together along with David Walker GAO along Ron Paul, Suzy Orman, with Boyce Watkins lifting blacks and the poor out of poverty could change the world
wait i love ramsey but he just said we need to spend less and invest more. i would like to point out if everyone does that and doesnt consume, wouldn't the companies with said stocks we are investing in go down if people aren't consuming.
I've learned from my parents grandparents and talking to buisness owners. I screwed up with credit cards.
or for guys. that can get a trade job and work.
Dave, When I saw my parent's health failing I started to remember a promise. I went to my local library and realized past times here. Some of them I would love to forget! But being the youngest of six children with sexual abuse in the family and neighborhood, well God only knows. My promise was unrealistic to my mother. When one's health becomes unmanageable professional help is a necessity! Growing old and infirm is not life changing, but expensive...
Crystal balls...
Love Dave Ramsey, Larry..... Not so much!
Prices are up not at 1960 rates.
I wish Dave Ramsey interviews warren buffet :)
If everyone stops spending money on consumer goods and cars and houses. The companies on the stock market would have less profit. Leading to prices per share dropping, causing people to loose confidence and pull there money out. What a revolving door
“Uncle Ben’s coffin” love it!
I love it when Dave Ramsey, on his shows, calls someone a Dufus... so savage.
I love Dave....Millennials are a lost bunch...too much travel . Don't get married and have kids. Odd , live for today. Old school...#1.
Dave Ramsey is incorrect that investment advisors aren’t getting favor for stirring…. some do
I don't know why the 1st thing I noticed is Larry's 2 love bracelets!!!. I got turned off them once the Kartrashians started showing them off on IG...lol
"Americans wouldn't turn down Social Security" Larry, they can't turn it down, or they'll go to jail.
Dave say he not a financial advisor when it comes to regulations 😂
Dave does sell financial products.
Financial products is considered things like stocks, bonds, life insurance, mutual funds ,etc. Which he does not sell. He gives his thoughts on each one with an explanation of why he thinks that way but does not sell and make money off of them
$25,000 a year was over 7 times the minimum wage in 1972 Dave.. basically your father was making the equivalent of over $50 an hr in today's dollar.
Larry king can be so rude to his guests
In summary budget, save,give back.
Free Education in America for 13 years.
certain parts of the European nations are fading away, because of the banking institutions' but one of them is the united kingdom, right? You know that there may be a conflict between the United Kingdom and the State of Texas may be that there will be closure of the international bridges between the United States and Mexico as is happening with Canada.
pay your taxes dave
william rogers children save
welch brothers behave
China will buy more of our debt. right Dave?
invented velcro
your own finances to show
avocado grow
kids dont want to earn
your financials public learn
own cord wood to burn
Role of declare officially with force with a government
By which they will have to proceed with a official legal statement with all the accumulations of the capital and the most indicated place will be for the highs court Alexandria Virginia, where said court has all the ordered collection of all bank misdeeds
By the high bank officials of this community.
That everything is in a secret plan for the same reason that the documents of the bank that is filed in high court Alexandria Virginia are in a safe place, where the federal government itself has the said data. By of certain people who govern that sovereign, but at the same time I have a strong power, against all leaders
Companies make more by selling more stuff..but americans need to spend less. Lol
"The Average American's 401k".
...
BWAHAHAHAHA HAHAHA HAHAH ohhh... ohhh.... oh...
Dumb questions
Unfortunately dave is wrong the life chances of a child to earn significant grown on proportion to where they get there degree. If you get it at an ivy league college then you can pretty much write your ticket to get a job any where. If it's a community college then yeah there's a lot of job roles which don't care where you got your degree but there are those who do. It's college branding that why there is ivy league it's not because there the best it's because if you go there you get the best chance at getting any job any where.
i have to disagree with dave on the Obama quote.
If there is money to gain, you can safely assume there is corruption.
Nice scripted propaganda video. I guess that's what Larry is relegated to these days. Sad.
Dave's kinda creepy.
John Vastola how so???
Ok, there, moustache-man...
Come on, work hard get stupidly rich and then you can make some serious change by throwing the poor some crumbs of your wealth? Why not put a cap on how insanely rich someone can become so more people can feel the fruits of a collective economy? Why don't we restrict an extreme concentration of money that will inevitably be used to rewrite the rules of government in favor of a few? I think people that work harder should enjoy a better standard of living, but if you fail to see that this degree of global inequality is the root of suffering then your worldview is misguided.
+Carlos Zarate Because, you little twit, socialism has been such a great success everywhere it's been tried... Let's get this straight... YOU want ME to "cap" how rich I can be? That's truly about the stupidest thing I've seen on the Internet. Congratulations. How about YOU get off your lazy ass and WORK. Do you think this wealth is just handed to these guys? NO, they worked their asses off. They invested their entire life savings to start a business. They hired people and paid them a fair wage. They CREATED jobs.
+Wallace Dunn It's obvious that the happiest countries in the world have a mixed economic system where elements of capitalism and socialism are balanced. There's a reason FDR's new deal policies were implemented and were hugely successful. And do you really think that 62 of the wealthiest people having more than the bottom 3.6 billion or half of the world population is sustainable? I love the fact that people can be innovative and create businesses. But I detest the fact the CEOs make 400x as much as their AVERAGE employee in some companies. Lastly, you must see that extreme income and wealth inequality is the leading factor in why the United States is virtually an oligarchy according to a Princeton study that came out last year.
Carlos you're welcome to move to one of those other countries any time. CAPITALISM is what made this country great... not free shit.
+Carlos Zarate Show me 1 rule the rich made that favors them in government.
I know you're just trying to make a political case for so called equality, but all this guy teaches is live on a budget, don't get suckered in by credit cards and debt, live within your means so that you can retire with dignity and give to charity. If you make 35k a year you are probably better off than most people in the world.