What Should I Do with This $200,000 to Become a Millionaire Soon?
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- Опубліковано 9 тра 2024
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@@mikeygomes8590 a at
Fitnes competitor lazy stick with the business and grow it. Don’t drink too much that’s a dream where you will lose your 200 grand guaranteed
i dont know y u r saying "Say goodbye to debt forever" debt is how u make money? borrowing money from the banks to make money using their money ? lol haha
do you have a video on 1031 exchange. tax implications versus paying off mortgage
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?
Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I just checked her out and I have sent her an email. I hope she gets back to me soon
My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice
Keeping up with news sources like CNBC could help out
Just buy when prices are low and sell when prices rise
No lock on my side yet, just a sideways trend and a bear market crushing my portfolio. Need a bull run ASAP!
Buy more and hold onto it for the long term. Solana and Raydium seem good, and Dogecoin is worth considering too.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with
experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
KENNA MURIEL HESSELING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
You should immediately add $800k to it and become a millionaire!
Lol 😆
i didnt know that thanks for telling me lol
Omg awesome idea
Exactly!! Caller needs to get his income up, up and up and separate issue - use the 200k to invest it all ie pretend he doesn't have this money.
I checked this out and it does seem to work…
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
*@shirleygarland4766* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
GERTRUDE MARGARET QUINTO maintains an online presence. Just make a simple search for her name online.
Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Regardless it's best to consult a professional financial advisor before making any decisions. As a business owner and eBay reseller of all categories, I can attest to the fact that we are almost in recession and that everyone is running out of money.
I agree with you, especially for near retiree and does who knows nothing next to finance it is the best thing to do speaking from experience.
@@DanielPanuzi Starting early is the best way to build wealth, investing remains a priority. I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. I earn enough from home and live comfortably with her help.
Starting early is the best way to build wealth, investing remains a priority. I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. I earn enough from home and live comfortably with her help.
@@hullbruce Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
@@Jaymilnere Sure, the likes of the popular lady Alicia Estela Cabouli does a good job. Just look up the name, you’d find details on the web to set up an appointment as she offers free consultations from first timers like yourself.
I was part of the recent layoffs at twitter and this bites hard. I am grateful that I kept some savings about; $600k and I am looking for ways to invest this into the stock market to generate good dividends to supplement for my monthly expenses.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@RobertDennison411 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
😂😂😂 this is a sophisticated scam you guys got going on in this comment section
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
this is all new to me, where do I find a fiduciary, can you recommend any?
‘Melissa Maureen Ward’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
"Your first job is not to lose it" Should be told to every person that receives money.
indeed. Even if he puts it in a bank for a year, learns about investing using a very small amount (say $500) but loses a year of investment growth, then he still has the money.
@AG then this advice becomes even more important.
@AG well... then their first job is.... to not lose their money...
@AG Why then they should spend it immediately and foolishly! The money could go bad if it just sits around accruing interest or equity!
I have a money tree seeds for sale
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
'Melissa Maureen Ward' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>
Considering that I am only three years away from retirement, it becomes challenging for me to solely concentrate on the long-term perspective. Despite having invested in reputable companies and having a significant amount of funds allocated, my profits have been stagnant. This situation raises the question: Does the current recession and unstable market offer any calculated risk opportunities for generating profits?
I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,>>
how do I get in touch with this consultant that assist??>>>>>>
STEPHANIE KOPP MEEKS, that's whom i work with look her
STEPHANIE KOPP MEEKS, that's whom i work with look her
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
Accurate asset allocation is crucial right now, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly a million ROI
Fantastic! Can you share more details?
was guided tho.Julia Hope marble.. walked me through the ropes majestically i'ts my ultimate pleasure.
“I got rich doing this”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
researvh the name, if you care.
REBECCA MARTIN WATSON
l’m amazed to partake on this, lt has rekindled the fire to my goals.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
i have lost so much money i need help also
Jenny Pamogas Canaya, that's whom i work with
thanks so much
I like to work with Mike Oxenormis, he never lets me down.
Hugh Jaynus showed growth potential I couldn't have imagined.
Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@harrisonmichael5047 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.
@@raychristopher7797 Despite the economic crisis and the rate of unemployment now is the best time to invest
@@harrisonmichael5047 Surf the web for her info it's easier to get on her webpage.
@@raychristopher7797 Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.
Despite the fact that stock prices fluctuate, what is the best method for capitalizing on the current market? I'm still undecided about investing $400k in my stock portfolio.
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. With the assistance of my advisor I have so far grown my dwindling portfolio of $145k to $480k
How can one get a decent investment advisor? I wouldn’t mind getting in touch with yours. In few years I will retire and my portfolio will definitely need some management.
My financial advisor is *Sharon Louise Count* . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio and is exactly what you need right now.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone'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.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
Best advice is to get that $200k out of your mind. Sock it away into a managed index fund or mutual fund. Live your same life, don't buy stupid things, keep your job and invest some more. Think long term.
Very sound advice!
Yolo
@@Ez3s even sounder advice would be this invest it in whatever the best place would be an investment is about how many birds in the bush how many can you catch how sure are you if you unsure start paying high interest debt don't collect inflation (invisible tax to the general public) not that I needed to translate the word inflation for y'all sure you guys already know
Managed funds have high expense ratio. Gotta be careful with it. You may end up paying over 200-300k in expense ratio over time.
When you are 25 , 40 sounds like a long way away
Dad passing on, and he's excited about becoming a millionaire. Took me a couple of years to get over my mum passing on. Brother take your time, visit your family, and share some good memories.
When a parent who has Alzheimer’s passes away, it’s a blessing
Yeah but he had alzheimers. He may have "lost" his dad years ago
Yup I totally agree with you Sun Shine. To me it sounds like the sisters were the ones taking care of dad!
do you think the dad would be glad or sad that his son is trying to preserve/grow what he presumably worked hard for hes 25 the fact hes looking to grow rather than blow is surprising and good for him
All I heard from this call was: money is coming.
“You have never driven a car before and someone just gave you car keys”
That pretty much sums it up 🏎
As someone who grew up under the poverty line this is true. I'll pay off my student loan that is only 6k since I cash flowed most of my schooling. I need to start looking into how to save and invest. Sad part is that my mom is so good at saving. If she had invested that money she would be a millionaire by now.
@@lindavel43 investing isn’t everybody’s strong point. Some people just know how to save and manage to live off of what they worked for.
Shocked that Dave never asked him how much debt he had. I have a weird feeling that he ain't debt free.
Same here. I would figure the best advice for a 25 year old would be to use that 200k to pay off all/most of their outstanding debt....so they can work on bettering their career and salary without the weight and worry of that debt. Then invest what's left in a mutual fund or index fund and forget you have it.
Dave glosses over a LOT. And sometimes focuses on the weirdest stuff.
Yeah I was waiting for him to walk him through the baby steps to see where he's actually at.
Yeah i would pay off all outstanding debts and other liabilities and then invest the rest in VTI and set it and forget it
He send him to ramsey+ with a coach thats the first thing they will ask him
I actually agree with Dave’s advice! Kudos to this kid for calling and trying to learn.
investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself.. May I ask which investments are good?
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I'm still at a crossroads deciding if to invest $400k on my stock portfolio. what’s the best way to take advantage of the market?
If you don't understands strategies to invest in the market, seek a Financial advisor to guide you so you won't get burnt by your emotions because it's a very volatile market
I needed a good boost to help my dwindling stock portfolio stay afloat, hence I and came across an expert who helped a lot to grow my port-folio from $275k to approx. $850kin two years.
This is really nice. I worry that I have a couple more years before retirement, and I want to switch to using a financial advisor, I could really use the expertise of this advsors.
My financial advisor is *Sharon Louise Count* I found her on a CNBC interview where she was featured and I reached out to her afterwards.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Took me 14 years of hard work and willpower to amass what he's getting in one check, without doing a single thing to get it. I mean, good for him, but I do admit that I'm a little envious. What impresses me is that he's this young and the first thing on his mind is "How can I make this work for me and maximum the opportunity?" instead of "What can I buy with this?". He called the right place.
Jealous is normal. Envy is very bad. Idk if you actually feel that way or you misspoke
Right must be nice to have that and do nothing 🙁
Relative; some inherit millions and kingdoms, some nothing
Took you 14 years to get 200k?..
My wife lost her father and inherited some money. She would give every cent back to have him here. He died in a work related accident. She invested the money and almost feels guilt for using any of it. She will not even let me borrow any of it. Everyone thinks differently.
Probably the best straight forward advice I’ve heard come out of this show. He can do it. Use a small portion to help him ride the storm. Invest and forget the bulk. And go live his passion. Great stuff. Ramsey channel.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
thats right I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I just looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her. Thanks a lot man
Nice bots
This call slowly got more outrageous over time. He could very easily squander this by “competing” and be 30 with zero money 😬
When he said how much he makes a year, I knew a "fool and his money are soon parted". I couldn't watch this video beyond that.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Thank you for your inquiry. Could you provide guidance on the current optimal investment options? I am contemplating investing in either stocks or cryptocurrencies.
@@jessicasquire One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.
@@patrickbrussels4454 In my opinion, now is an opportune moment to consider investing in private equity and cryptocurrencies. Could you provide some guidance or advice on these investment options?
@@Lemariecooper At present, I am collaborating with *STEPHANIE KOPP MEEKS* , a financial specialist whom I had the opportunity to meet during a seminar.
@@patrickbrussels4454 I recently had the pleasure of watching *STEPHANIE KOPP MEEKS* on television, and I must say she is an exceptional speaker. However, I'm curious to know if you have experienced any financial gains while working with her?
I had a similar experience when my dad passed away. After paying off a few debts I just had to let the cash sit in a savings account for almost a year until I could plan for the best way to invest it. Being intentional is usually more important than being quick.
Just letting the money sit in the bank is probably best. Not making much but not losing any at all. No fees for taking it out and it’s perpetually liquid...
@@igorseprak6177 except when you take inflation into consideration and realise that you’re essentially losing money if you keep it in the bank . . .
@@harryblack-maskers6913
You are right if we’re talking Germany 1920s inflation and Zimbabwe’s recent hyperinflation. Otherwise NO.
@@igorseprak6177 so long as inflation is more than your interest rate you’re losing money, fact . . .
@@harryblack-maskers6913 these people are idiots, you’re never gonna “convert” them.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on UA-cam.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere UA-cam videos.
The first step to a successful investment is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
My spouse and I are diversifying our long-term investment portfolio by adding various stocks. We've allocated $220k to begin with, focusing on inflation-indexed bonds and companies with strong cash flows. I think the current market presents a good opportunity for long-term gains, but I'm also interested in learning ways to make short-term profits.
While the current market offers short-term profit potential, it's crucial to note that executing such a strategy requires expertise and skill.
Having an adviser is the smartest approach in today's market, especially for those nearing retirement. I personally gained over $270K during this market downturn, which highlighted that there's valuable insight the average individual may not be aware of.
That's impressive ! I could really use the expertise of these advisors.
Hello! My advisor is Stacey Lee Decker .With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.
Thank goodness . I just found her on the web. She seems well experienced.
Making smart investments can be difficult, especially when you don't have the time or knowledge to do it yourself.
I need exactly the same
@Edsakillg Medsarkoll I know right? There is no greater feeling than feeling financially secure and at peace. However, without good financial advice, those feelings may never be obtained. Donald Ben Taylor provides that peace of mind to all those who need it most, which is why he goes out of his way to create personalized solutions for each individual
200k can be gone in a flash. Hope he's wise with it
He has a great opportunity to do the right thing with this money. I hope he succeeds.
always happy to see ppl helping others and encouraging them when they succeed instead of putting them down and asking for a cut.
He ended up putting it all on black
@@jackstoltz1379all on black tar heroin
This guy is not going to listen to Dave's advice. He wants to be a millionaire "soon".
He wants to skip the work and go straight to being rich and famous. That's a good way to be broke and wanted, by the police.😂
invested correctly he could make it there in 3-5 years easily.
He’s going to burn thru that check so quickly
Yeah. He's 25 and wants be a millionaire by 30, but there's no need to be a millionaire that early. He should be more concerned with doing his actions properly to reach his goal, and not so concerned about doing it so fast. He's young af.
You don’t even know him lol quit speaking on people that comment says a lot about yourself
As a trainer myself I couldn’t agree more Dave and his team’s career advice here.
I really liked this call, they didn't slam the guy for wanting a career in the fitness industry.
@Leroy Brown to be fair, if he’s good enough it can replace his income. That’s good enough on it’s on to pursue it if he really loves the work.
One way of looking at it is atleast he will always be in shape even if he doesn't make a lot. In someway that can provide a lot of happiness.
@Leroy Brown
Ken Coleman is not a psychologist!
He is just the Ramsey personality that knows a lot about jobs and how to find the one for you!
Why should he? It's a viable career
They should've 🤣 a fitness business isn't a million dollar idea
Mrs Sonia is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Sonia I thought I'm the only one trading with her
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Sonia
Thanks for introducing me to Mrs Sonia
Yes I'm also a living testimony of expert Mrs Sonia
Mrs sonia has changed my financial status for the best all thanks to my aunty who introduced her to me
Great topic! It's important to educate clients about these things.
I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $200k for a start. Just don't know strategies to employ in buying stocks to invest in
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter. Pulled in more than $46k in the last two months alone.
I agree with you. This is what I do too. I'm not cut out for financial reports and industry news, so I use a wealth manager. Profits have been very consistent since 2020. i've pulled in roughly $1M in ROI since then
I've been thinking about switching but have been hesitant. Could you recommend your financial advisor? I'd appreciate some assistance.
’Vivian Louise Dehoff’. is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Oh i am currently listening to Ken Coleman's book one question, and man to see him at the desk is super inspiring!!! I love this episode, there is so much value.
Prediction: this guy is going to blow all $200k
Sounds about right
Especially when he all of sudden becomes more attractive.
No question.
Lol.. Is no brainier if he just invest in S & P 500 index and by the time he is 45 years old he is would have 1.3mil..
He will have fun though.
You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.
Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
@vivian can you endorse any ?
Tamara Diane Hagan does a perfect job. look her up on the web
thanks Vivian. found her website.
Really great advice for this person. You helped him.
Smart man for asking what to do with the money before receiving it. I hope he takes Dave’s advice.
@KASHMAER Dude what do u mean there is nothing wrong with getting inheritance
@KASHMAER bro you might have an extra chromosome
@@omotayosatuyi252 he’s just salty it’s not him 😂
I'm always amazed at hearing how the average yearly incomes are so vastly different in different parts of the county.
It's almost as if cost of living is vastly different also. Lol like what
@@jaredfrazier2216 And it's like there are people who have no motive to earn more either..... whoa. Mind blowing it is.
Location doesn't always directly correlate to the incomes.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@Mcllwain Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 930k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2018, and I return at least $58k ROI, and this does not include capital gain.
@@tonicruger Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@@Aziz__0 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with NICOLE DESIREE. SIMON” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her
@@tonicruger Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
Lets start off by saying I admire Dave Ramsey. Sometimes, I dont agree with what he states. This time. He and I are 100% in unison. The advise he gave at the very end is especially on point.
Love the advice!! I feel people get so gung ho without taking all the factors into consideration. Thanks for the great content, God bless Dave and Ken!!!
Habits and character build wealth...
Excellent!!!
Exceptional call….analysis….& solid advice. Bravo 👏🏼
😅😅 every time I hear money I immediately think of taxes and I take all the excitement of money. It helps.
Investing 200k in stocks using the right signal will make you a million within a short period of time.
@@susanbradley8882 I will recommend my expert Tamara diane hagan for you, she has the best signal for stocks.
Just lookup with her name on the web for her website
that caller does NOT sound like he is 25, more like he is 50
A 50 year old doesnt say "ummn" with everything they say.
He reminds me of that blonde guy from the TV show Coach. That's who he sounds like.
Thats because he is from Virginia
He sounds young about 25 sure
Those are the roids talking
Will this approach also work for a new investor with about $250k or more hoping to create a start up portfolio? Or please how would you advice they go about it? It's all reliable advice that I'm searching for.
you need a certified financial planner straight up! personally, I would invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
Exactly, a good number of people discredit the effectiveness of financial advisors/experts, but over the past 10years, I’ve had one consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but my portfolio can stand the test of time
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
A really thorough response. I got alot out of that! Thansk :)
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me
Wow, this is really amazing. How do you come about it
@@Noel.Kirk.I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
I too have recently inherited a large amount , I am absolutely in a state of gratitude, not every one gets this, however I feel very intimidated, and still very afraid to spend . This was a helpful call . I hope to be a caller.
Sometimes it’s as simple as getting out of debt, or paying off your house/buying a house, things which alleviate your burdens. Or as Dave sometimes says, spend part of it, give part of it away to charity, and invest the majority of it in index funds/brokerage account. Or purchase a rental property, etc. whatever investment you understand.
Dividend investing is great, just be patient. I went from making enough passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.
what route did you take? how can one invest more efficiently? help. sounds like you got something going for you. I am new at investing and really want in.
Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to your level someday.
@@Gbdnd I've been working with someone who changed my idea about the stock industry and how DGI works ..I invest with the guidance of Jeannette Michelle Monroe, I came across her on an investment webinar, just search her name on line to know more about her. You can reach her from there..cheers
@@cristinabaker5292 Just researched her accreditation online and qualifications on FINRA and SEC, she seems really solid and i have sent her a mail already hopefully she replies soon enough.
I like my Divvies, agree with you CB, they can pay the bills : )
The look on Dave face when he stated his two goals… absolutely priceless… call went from a ten to a two…😂😂😂😂😂😂😂😂😂😂
One of the biggest bodybuilders ever was a cop ontil after he started making money competing. So yeah. Holding down a day job while you go for that dream is a good idea.
Roni Coleman!! Light weight!
Ronnie was still a cop when he won Mr. Olympia. I don’t know if he was the biggest, but he was the best.
Yeah Buddy!
I wonder if anyone gets this comment...lol
Aint nuthin but a peanut
*LIGHT WEIGHT BABY*
I want to be invested in the stock market but between work and family commitments there is simply little time. I have a portfolio of about $400K at the moment all in equities. Please let me know of you can help.
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
Having an investment adviser is the best way to go about the stock market, especially if you don't really have time to focus on market trends, I've been in touch with a coach for awhile now mostly and I made over $1.5M within two years I started investing
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for people thatdon't really have time to focus on market trends, . I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Could you recommend your advis0r? I'll be happy to use some help with my investment portfolio
Could you recommend your advis0r? I'll be happy to use some help with my investment portfolio
Put 50% in VTI and 50% in QQQ (or SCHG) and forget about it for 20 years.
Love all of the advise!!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)Please do you mind referring me to your financial analyst?
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Natalie Lynn Fisk‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Caller: I want to follow my passion
Ken: What's your passion
Caller: I want to become a Instagram fitness influencer
Ken: *Cringe*
Everyone does not want to work. They want easy money
@@annajones9701 I mean, you can be a hard worker and an instagram fitness influencer, they are not mutually exclusive. He just has to be realistic about it and Ken talked with him respectfully about it. Either way is better than having a low pay meat business that you don't like.
@@thekiaradanielle everyone DOES do it lol
You can hear Dave sigh after that
@@annajones9701 Henry Ford said most people don't recognize opportunity, because it comes dressed in work clothes and requires effort
I'm rooting for the guy. Twenty five years old and instead of burning $200k with hot women, a car, partying, he's thinking long-term. This guy is going to be a multimillionaire. Girls, cars, traveling, all that will eventually come as a nice byproduct from working hard.
Agree
He just wants to be a millionaire to party with fast cars
Girl*. You only need the one. He who finds a wife finds a good thing. 👍
who wants girls when they only want you for your money? if they don't want you when you are average joe don't even bother unless you want to lose it in divorce court
Wow, wish I had seen this video a few years back. I was in the exact same position, had $200k inheritance. I lost about $80k propping up my business which failed, the rest is sitting in a expensive sports car that was part of the will. Lucky, in a strange way, as I couldn't use the cash and the car is actually valued more than the trust value, so its a nice little nest egg. I think I will sell it and follow Dave's advice closely too.
What sort of business was it?
@@christiantakeyourdadfishin1655 Music media business. Coof killed the music scene in my country
@@CybreSmee I feel you. Lost 100k on day trading, over leveraged. Sucks. Have about 250k coming in soon from the same inheritance, so will be sure not to loose it. Looking at real estate and buying/ refinancing getting up to 5k a month NET income within a year is the goal..
He better invest at least half of it, he's young and decades of compound interest will set him up beautifully.
Good advice!
Where to invest?
@@livingunashamed4869 Oh, I was asking for myself. Trying to figure this thing out. Thanks btw.
@@True2U08 id say taxable account in a robo advisor (ETF or index funds).
Crazy how much can compound for him in another 25 yrs when he is 50!!!
This was more detailed then expected. Nicely done they gave sound advice but I don't know if the caller will listen.
If he follows thru with an advisor, he will. He took the initial step to ask the professionals, we can only hope.
I would put that 200k into index funds instead of mutual funds…… Mutual funds are outdated and has high fees.
Who remembers that couple that blew their 300k inheritance day trading? 😂😂😂
That's not funny thats alot to lose and that really sucks!!
@@daniellamoreno3616 nah it’s pretty funny. The fact that they put all their money at risk 💀
Ha!
@@daniellamoreno3616 well they took the risk
The husband had bipolar tendencies I believe
This is great advice!
That’s was great advice!
Help a prince unlock his 10 million in his country...he only needs 200k to pay the fees. He will give you a million after.
Haha, something is fishy.
Great advice guys!!
When dave said"they are excited about their stupidity "
🤣
Invest in SP500. For almost 100 years, it has over a 10% annualized rate of return average with any 10-year period.
Dave's mutual fund push gets him money. Just buy into a low-fee SP500 index fund.
The dude "I wanna be a fitness influencer"
Ken Coleman "You need a day job"
No, he said you need a day to transition to fitness.
I was in very similar situation I got the keys to the car and stepped on the gas… I lost all my money. I developed new habits I’m now in my way to success starting with so much less
That was pretty good advice. Starting with a passion and a plan is effective.
You don't need much to get into content creation. At the end of the day, all you need is a story and a phone.
Giving y’all a like because I watch both you and Dave 😂
But how many actually can make money that way?
Is that Abby Petito?
So how much money do you owe?
@@Gridironwarplans Almost 0. For every Matt and Abby you have 1M people that never gain any real traction on UA-cam.
That actuality does sound exciting even though he said it will not be :) Anyone else really want this guy to succeed?! I’m excited for him 👏
He is going to lose all of his money.
I want everyone to succeed in life .
This caller and his money soon will be parted.
Why you say that?
@@nicholasolivas317 As the saying goes “A fool and their money are soon parted”.
😂😂😂😂 why so negative?
@@EsiriE Did you listen to them?
Agree. If you cant manage money before a windfall, you will continue after the windfall. As Dave has said 100 times: "money management is about behavior."
Legend says, after the phone call, he blew all the money in one sneeze
This kid wanted someone to say triple it in a year by buying X. But he got uncle Dave lol
10% without risk a year and after tax is already to good to be real ! Madoff was around 12% and everybody was dying to be able to invest in his business.
Nathan is about to be swole AND rich! Gotta respect the drive and passion. Nathan, if you’re reading this, follow their plan, step by step, and I promise you success. Also, I am sorry for your loss brother.
LOLOLOLOLOLOLOL wants to be a IG fitness influencer!! I think we all know how this is going to end. Say goodbye to that 200k
If he's in good shape and has something to show for it, then it could be fine. Plus being an influencer doesn't really cost anything. You just post about your typical day to day until people start sponsoring you.
@@josiahfour25 yea good luck with that
@@josiahfour25 I think this works better for women than men. Women tend not to be the simps men usually are.
Pay off your debts and throw all of it in an SP500 index.
Just invest in VOO and forget about it for 10 years. DO not invest in mutual funds as Dave says. If you want to talk a bit of a risk buy ETF and the buy blue chip stocks. Mutual funds are there to make Dave rich
True
Ha ! Great minds think alike. Made the same comment.
That was awesome advice 👏
This guys whole thought process is crazy. Makes 35k thousand a year and wants to be a millionaire by 30. But he doesn’t want to pursue anything that’s difficult or stressful.
I feel like Dave missed the vibes on this call. This young man wants a plan to have it magically grow to millions without having to work for it so in the meantime he can work out and gain his following to become an influencer & travel and then have millions without working hard for the money… Daves plan sounds like to much work for him lol
His goal is to win the Crossfit games every year lol.
Ehhh I think Dave realizes these things but he speaks as much to the listeners as the caller. He keeps the calls out of the swamp and gives the ideal answer, even if he knows the caller won't listen. It's about more than just the caller for Dave
Spot on!
I think he's doing this in the reverse order, he should get the certifications required to be a personal trainer and that can be his day job as he amps up for competition.
Finally!! Sound and realistic advice for when you come across a windfall rather than spend it on a new BMW witch seems to be the immediate reaction of broke people!!!!!!
Dave's advice was a safe and steady for moderate growth. Will a 25 year old listen to investing his money and not touching it for years? Probably not, but I hope he can break up his money and invest a large portion of it in at least an index fund like VOO. Anyways, spot on advice Dave!