Why Trying to Look Rich Will Actually Make You Broke

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 151

  • @StephanieBogart
    @StephanieBogart Місяць тому +120

    Dear video editor: Please please turn down the background music. It’s way too loud and distracting especially when wearing headphones.

  • @creativelycountry1617
    @creativelycountry1617 Місяць тому +65

    Please stop the music!!! I want so bad to listen to the content , but it drives me crazy!!!
    Edit- intro and exit is great, but the whole time is Sooo distracting 😢😢😢😢😢😢😢

  • @ninerknight5351
    @ninerknight5351 Місяць тому +9

    What’s more impressive than Dave’s net worth? The fact that his daughter understands these lessons with that net worth. What a great family

    • @LolaSemone
      @LolaSemone Місяць тому +1

      This is his daughter?

  • @BrittanyDoris
    @BrittanyDoris Місяць тому +30

    *Thank you😊 for this video, do you offer account management or have any recommendations?*

    • @JessicaWilson7w
      @JessicaWilson7w Місяць тому

      As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria Walters Hayward, a widely known consultant

    • @MarcusDiana
      @MarcusDiana Місяць тому

      If you’re using a good manager, it’s easier to earn from the market

    • @SarahGarbeth
      @SarahGarbeth Місяць тому

      That's true. a lot of people today have been
      having lots of disappointments in trading in light of helpless direction and awful consultants

    • @marywils8118
      @marywils8118 Місяць тому

      I've been trying to trade but I keep making losses and it's frustrating

    • @marywils8118
      @marywils8118 Місяць тому

      Could you suggest a consultant for me?

  • @CoralCopeland-fo3fo
    @CoralCopeland-fo3fo Місяць тому

    HEY *yutulu* !! I have been watching you for years and im so proud of where you have made it! I love you so much! Also thanks for making my day.

  • @lorenzorocco82
    @lorenzorocco82 Місяць тому +42

    Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.

    • @sky9935
      @sky9935 Місяць тому +1

      Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.

    • @joshraphaelbatusin933
      @joshraphaelbatusin933 Місяць тому

      Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Jeff Clark.

    • @heidvsjekdndjdfjcc2837
      @heidvsjekdndjdfjcc2837 Місяць тому

      Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • @lucassilvaoliveira6064
      @lucassilvaoliveira6064 Місяць тому +1

      Jeff demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

    • @scrumpy615
      @scrumpy615 Місяць тому +2

      he's mostly on Telegrams, using the user-name

  • @CoralCopeland-fo3fo
    @CoralCopeland-fo3fo Місяць тому

    I really love your taste and style always so chic. My faves would be the *yutulu* leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.

  • @NelsonSunny-r4y
    @NelsonSunny-r4y Місяць тому +8

    1. Avg Car payments $760
    2. Median US salary $59,000
    3. Avg Federal student loan debt $37,853
    4. Avg private student loan debt $40,681
    5. Avg credit card debt $9,000

  • @teenindustry
    @teenindustry Місяць тому +3

    Student loan debt like a mortgage is necessary for many people. It doesn’t keep you poor unless you let it.if you then focus on clearing it upon graduation you will be fine

  • @caolanb
    @caolanb Місяць тому +33

    The rich get rich by acting poor, the broke stay broke by acting rich

  • @berber419
    @berber419 Місяць тому +5

    Rachel this is the best hair cut for you ❤

  • @laundrygoddess4
    @laundrygoddess4 Місяць тому +4

    A lot of credit card increase debt is interest not necessarily purchases. At 30% apr, that increases debt owed quite quickly

  • @CharliniAlmeida
    @CharliniAlmeida Місяць тому +2

    Living below ones means is incredibly freeing ... but first shake off those old beliefs / old programming that no longer serves you 💪✨

  • @stevenporter863
    @stevenporter863 Місяць тому +1

    Most online posts are a highlight. Like seeing a completed meal in a restaurant and not seeing all the menu researching, shoping, prep, cooking time or the dishes being cleaned after.

  • @augusta3908
    @augusta3908 Місяць тому +1

    I love the information. But, Please turn the background music down or off.

  • @JaylonDBZ
    @JaylonDBZ Місяць тому +16

    While I agree that trying to appear rich can make you broke. The narrative that everybody who has nice things is faking something, or secretly insecure, or fake rich is getting so tired.

    • @UArcane-b3x
      @UArcane-b3x Місяць тому

      It’s true, not other problems on what that specifically is, but it’s true. And the one above all knows it better than even yourself

    • @JaylonDBZ
      @JaylonDBZ Місяць тому +5

      @ the reason these videos do so well is because they prey on people that don’t have and make them feel better about people who do have.
      Convincing yourself that everybody that has nice things is faking it is a really bad mindset. You’d be stunting your own growth and can’t even see it yet.

    • @lamentate07
      @lamentate07 Місяць тому

      @@JaylonDBZ Exactly. They exploit resentment, but in today's world of easy credit it is very hard to know who is legitimately well off, whereas in my parent's time it wasn't.
      Not sure what you mean by stunting growth though. Not everyone can be 'rich' nor is it a worthwhile goal for everyone.

    • @susannekimberland1951
      @susannekimberland1951 Місяць тому

      No matter how tired, it’s true

    • @c.m.7734
      @c.m.7734 Місяць тому +1

      Thank you. Retiree here. I’m in the one percent and will wear my luxury and travel with pride. Thank you very much. 😊❤

  • @selfridgesforever4399
    @selfridgesforever4399 Місяць тому +1

    I feel this. Took out a phone contract just so i could have the latest iPhone. Took 3 years to pay it off! Never again.

  • @kimberlylepine5115
    @kimberlylepine5115 Місяць тому +6

    I never post a photo online of anything that I haven't already paid for. If it's posted online, the money for it is gone.

    • @tdgdbs1
      @tdgdbs1 Місяць тому +1

      The wise wouldn't put anything online.

  • @azeemsiddiqui4764
    @azeemsiddiqui4764 Місяць тому +7

    I understand the people getting annoyed by the background music, but to me it is not even noticeable. I can listen to her very clearly.

    • @LorialRoballo
      @LorialRoballo Місяць тому

      Same! I’m listening on my iPad and I had to turn it up to hear the music.

  • @sujeygomez934
    @sujeygomez934 Місяць тому

    Thank you for this!

  • @militaryorderly5386
    @militaryorderly5386 Місяць тому +49

    My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

    • @militaryorderly5386
      @militaryorderly5386 Місяць тому

      Making over 48k monthly is all because of her.

    • @fred5528
      @fred5528 Місяць тому

      I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

    • @jasperflontes4289
      @jasperflontes4289 Місяць тому

      I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

    • @bigelbow4854
      @bigelbow4854 Місяць тому

      I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

    • @ivarlast2966
      @ivarlast2966 Місяць тому

      I will like to knw mre

  • @anttoronto3202
    @anttoronto3202 Місяць тому +2

    Not everyone with luxury items is broke.

  • @ralphparker
    @ralphparker Місяць тому +3

    You might be able to keep up with one of your neighbors. But when you try to keep up with all your neighbors, that is disaster.

  • @ralphparker
    @ralphparker Місяць тому +2

    I got a loan offer in the mail. They were only going to charge 32% per year interest.

    • @tduck828
      @tduck828 Місяць тому +1

      Man!! Sign me up!!

  • @JakubKrempasky-f7h
    @JakubKrempasky-f7h Місяць тому +1

    Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.

    • @MehdiVerlinden-w7z
      @MehdiVerlinden-w7z Місяць тому

      Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?

    • @NancyMason-d7g
      @NancyMason-d7g Місяць тому

      Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

  • @StevenHackers
    @StevenHackers Місяць тому +51

    Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024.,..

    • @StevenHackers
      @StevenHackers Місяць тому +1

      All thanks to Jihan Wu with his investment advice, at least I can afford a good home and also have to retire early.

    • @BryonyClarke-e4v
      @BryonyClarke-e4v Місяць тому

      As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
      Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @GregFunnell-q9f
      @GregFunnell-q9f Місяць тому +1

      I'm favoured, 90K every week! I can now give back to the locals in my communities and also support the church. God bless America,, thank you Mr Jihan Wu😊🎉

    • @HollyGarwell
      @HollyGarwell Місяць тому +1

      Waking up every tenth of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌

    • @CoutchWinburn
      @CoutchWinburn Місяць тому +1

      Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

  • @RashelYeva
    @RashelYeva Місяць тому +1

    !!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement

    • @DivaHarrison
      @DivaHarrison Місяць тому

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @JoseLopez-lf9rw
      @JoseLopez-lf9rw Місяць тому

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

    • @JoseLopez-lf9rw
      @JoseLopez-lf9rw Місяць тому

      Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

    • @RashelYeva
      @RashelYeva Місяць тому

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?

    • @JoseLopez-lf9rw
      @JoseLopez-lf9rw Місяць тому

      look up her name on the web for her website.

  • @surekhapagudala974
    @surekhapagudala974 Місяць тому

    God bless you Rachel RAmsey

  • @qepps7602
    @qepps7602 Місяць тому +5

    I Love Rachel shes so sweet 🥲

  • @patygrau8131
    @patygrau8131 Місяць тому

    where do you got your drees from? loved

  • @momohead35
    @momohead35 Місяць тому +4

    Y’all the background music through the ENTIRE video is so unnecessary and very distracting

  • @SusanHorn-n3y
    @SusanHorn-n3y Місяць тому

    Also, a college degree is the very BEST investment, IMO. I agree with almost everything else you teach.

  • @texasindy2193
    @texasindy2193 Місяць тому

    Credit card companies does not like me. I have zero credit card debt.. If I am going on a vacation or anywhere. I have to pay for my vacation cash before I even go. I don't want to think about any payments after enjoying myself....

  • @susannekimberland1951
    @susannekimberland1951 Місяць тому +2

    Please drop the background music. It’s annoying and distracting. Thank you.

  • @SusanHorn-n3y
    @SusanHorn-n3y Місяць тому

    A college education is MORE than just making money in one’s future. I just needed to say that.

  • @sara-i6w3k
    @sara-i6w3k Місяць тому

    The richest people I know, don’t post ‘things’ to social media (maybe kids or family pictures). The wealthiest people I know, aren’t even on social media. 🤷🏼‍♀️

  • @dde716
    @dde716 Місяць тому

    Wow watching this video made me feel rich 😅 I finished grad school in 2019 without debits (I took litte longer to graduate because I was also working) I quit my job to stay home with my son 2 years ago and could put a good $ on savings before it. We have only one child and we have two paid off cars (2023 and 2022) and no debits beside a mortgage monthly. I think life is getting expensive in the USA, especially food/gas. However, people have a terrible way to manage their money too. We are now living on one income and we are still able to eat very well, shopping/vacations without struggle. But both of us always think hard before making a move of anything over 1k. I am out of IG/FB so no one beside my closet friend sees my Gucci or LV bag, I honestly buy thinks I like and make me feel well. Same goes on food, no one needs to see the steak I'm eating 😂 and believe in a year we spend a lot on red meat/groceries 😂😂😂

  • @andrewsherman2398
    @andrewsherman2398 Місяць тому

    It's absolutely insane that any bank would lend that much money to an 18 year old

  • @garyhaun
    @garyhaun Місяць тому +1

    Good content lost in a swell of distracting music.

  • @ba.CapeCod
    @ba.CapeCod Місяць тому

    1. Median and average are not the same.
    2. I appreciate that she is her own person but being the daughter of Dave Ramsey means there has been or will be a giant wealth transfer. No economic anxiety.
    3. Advice is sound

  • @nagarcia76
    @nagarcia76 Місяць тому

    If you LIVE smart, you don't have to work as hard. Read that again.😊

  • @BenjaminHolthaus-r2u
    @BenjaminHolthaus-r2u Місяць тому +1

    i dont understand. I bought a nice bag and i could afford it.

  • @Shadowwind4
    @Shadowwind4 Місяць тому

    I wish I could marry Rachel

  • @ninjagrillmaster8182
    @ninjagrillmaster8182 Місяць тому

    This was the most disjointed video I've seen from this group. I've never heard someone speak for so long and say as little as she did. This is the classic case of someone who loves the sound of their own voice and thinks everyone else does as well. She needs to hone in more on the message (as in the tittle of the video), and less on trying to be that character or personality she plays on these videos. Having Dave on screen with her is a great way to stop her from going on and on aimlessly as she did here. First and last video from Rachel that I'll be watching.

  • @miketheyunggod2534
    @miketheyunggod2534 Місяць тому

    This is really BS. I buy nice things because I like nice things. I don’t care what anyone else thinks. What a bunch of huey.

    • @UArcane-b3x
      @UArcane-b3x Місяць тому +3

      Beautiful display of denial and a lack of comprehension skills from the message of this video. I’ll have another round, why not, it’s free, unlike your little bag

    • @POLYMATHSORTA
      @POLYMATHSORTA Місяць тому

      i hope the op is being sarcastic, for their own benefit i hope so..