I was thinking about graphing the gains of different investment/debt-payment behaviors before watching this video, but thanks for quoting this since it apparently didn't break through to me during the video. The potential outcome of playing money games doesn't matter because I'd ultimately rather be rid of the debt.
u guys are fucking lucky to have such intrest rate if i had acess to such int rate i would apply greham stephen sreal estate model and become rich like him
Yeah his scenario is weird. He’s too nervous for the marker to have his retirement account invested but he’s ready to have this in the market. I think where he worked it out in his head was the similar dollar amounts to where he doesn’t fully appreciate the money from the second home to be scared to lose it like he is for his other money. But it also seems like someone probably floated the idea to him and he needed someone like Dave to bring him back to reality. Because he didn’t fight it at all.
Dave is so inspiring. In my small way I’m following his advice and will be mortgage free by early next year. I’m looking forward to be debt free and hopefully travelling this beautiful world.
@@jimroscovius Hi Jim, I’m working on it. I’ve had a few blips because life throws up curve balls. I’m on track to be mortgage free by mid 2023. Not too bad.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
The caller is already a millionaire I think Dave needs to distinguish his answer for those trying to become a millionaire from those that are already millionaires
So.. He's not investing with his retirement funds. Yet he doesn't want to pay off his house and invest that cash?? He's going to start investing now? 🤔
F that. I own a bunch of dividend stocks and will never sell them. My kids will end up with millions worth of stocks. Producing hundreds of thousands of dollars in dividends.
Feel like I’m wasting time not investing apart from my 401K right now at 29. Getting into a rental property that I wasn’t 100% sure about but didn’t want to pass it up. Hopefully in a couple years I’d have paid it off and can start putting that income to invest.
Dave’s advice isn’t using logical reasoning. Of course that’s not how people got rich but it most certainly is advantageous to invest when the mortgage is only 2.8%… being in debt will not hurt this guy either, he said he will be getting $11k/m.
Personal finance finance is not a one size fits all. Here goes Dave with his strawman argument. He is not taking any money from his house, or borrowing any money to invest.
Dave Ramsey is low risk. That’s his clientele Low risk folks. My wife is like that. You just can’t be a multi millionaire doing what Dave Ramsey teaches.
One of the .005% of Americans above who didn't get thrown out of his job in the manufactured 2008 depression. Who became a millionaire. Extremely rare. One of the privileged few.
“The sense of peace that you have when you have zero debt is not definable with mathematics.” -Dave Ramsey 👌
It’s so true… the stress involved is impossible to calculate. But Peace of mind is priceless.
I was thinking about graphing the gains of different investment/debt-payment behaviors before watching this video, but thanks for quoting this since it apparently didn't break through to me during the video.
The potential outcome of playing money games doesn't matter because I'd ultimately rather be rid of the debt.
@@chinoto1same here.
2.8% for 10 years is insane. I would absolutely continue holding that debt.
Mine is 2.65 for 30 lol
@@TheRealDealNeal yea, that's normal.
u guys are fucking lucky to have such intrest rate if i had acess to such int rate i would apply greham stephen sreal estate model and become rich like him
You already know what Dave's answer is going to be.
I disagree with his advice on this topic too, 2.8% loan is so low. Invest.
It’s funny how by a thumbnail you can already tell what Dave going to say. It’s like a challenge to see how many ways he can say “no” lol
Doesn't want to invest his cash, but wants to invest his home equity. Huh?
Yeah his scenario is weird. He’s too nervous for the marker to have his retirement account invested but he’s ready to have this in the market. I think where he worked it out in his head was the similar dollar amounts to where he doesn’t fully appreciate the money from the second home to be scared to lose it like he is for his other money. But it also seems like someone probably floated the idea to him and he needed someone like Dave to bring him back to reality. Because he didn’t fight it at all.
Dave is so inspiring. In my small way I’m following his advice and will be mortgage free by early next year. I’m looking forward to be debt free and hopefully travelling this beautiful world.
Totally debt free is amazing!!
@@jimroscovius Hi Jim, I’m working on it. I’ve had a few blips because life throws up curve balls. I’m on track to be mortgage free by mid 2023. Not too bad.
Has this guy ever met Dave? Lol.
He may have just known about this show and Dave and the Baby steps. He's good to go for being debt-free at 61. Great talk!
Someone in the media department at Ramsey Solutions needs a grammar refresher course.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
How do I keep in touch with expert Margaret??
Investing with expert Margaret has been a life changing experience for me
I'm an Asian and live in Florida, I and two other of my friends tried her and immediately we testified her performing wonder
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The caller is already a millionaire I think Dave needs to distinguish his answer for those trying to become a millionaire from those that are already millionaires
He wouldn’t distinguish. He doesn’t tell anyone to leverage against their debts.
Wrong form of the word "to" in the title. Read it as "in excess"
No but I would use my debt to invest in a new proof reader/editor.
Including one who tells you that it wasn't their debt to leverage, rendering the whole premise of such a comment foolish
Based on this logic, why do they tell people to invest 15% while still having their mortgage? Dumb
I'm going to steadily pay off my mortgage while killing it with investments.
Oh my god, they actually speak like that. I thought it was just in the movies.
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻 great job caller!
So.. He's not investing with his retirement funds. Yet he doesn't want to pay off his house and invest that cash?? He's going to start investing now? 🤔
The grit pep talk is my new ringtone. I have been living it since 2009. Made the grindstone my you know what.
Slow and steady wins the race.
Someone at Ramsey needs to go back to school and learn when "too" is used.
*to* invest.
The smile, gives it up.
If he was 31, invest, since he’s 61, pay off the PA house, imho 😊
For the love of PEZ!!! Use the correct "to" in your cover picture!!!!
Does this guy not know what an equities glide path is? At 61 you don't need to be 100% equities. They have Target Date funds that do this for you.
F that.
I own a bunch of dividend stocks and will never sell them. My kids will end up with millions worth of stocks. Producing hundreds of thousands of dollars in dividends.
Whenever I hear a New York accent I feel like I’m gonna be sleeping with the fishes 😂 he’s got that mob boss voice lol
Scranton PA not from NY
Dearest Ramsey Channel Admin -- FYI -- There is a typo in the screenshot for this video -- it says "Use My Debt Too Invest".
I think Dave said "pay it off" because it was a variable rate.
Thumbnail typo
Caller is 62 and looking long term. 🤣
He is probably going to live another 30 years. Only idiots think short term no matter their age.
Love you young man Dave ❤😂
he is all over the place but he did well for himself he has a lot of money
So much easier to retire when you have planned to have your mortgage paid off prior to retirement date.
Invest the money.
I would hold the debt and invest that at 12% returns a year, when I’m ready to retire, I would pay off the mortgage with the return on investments.
That’s the silliest thing Dave’s ever heard
Feel like I’m wasting time not investing apart from my 401K right now at 29. Getting into a rental property that I wasn’t 100% sure about but didn’t want to pass it up. Hopefully in a couple years I’d have paid it off and can start putting that income to invest.
Just another form of leveraging.
Grammar check guys. Costs nothing. Too and to are very different!
Why would anyone even call to ask DAVE RAMSEY this question. Lol
The thumbnail has the wrong "too" :/
Good advice
oh I wonder what Dave's going to say....lol
I know Dave gets so tired of answering the same old used up questions every time because sometimes I get tired of listening to them lol
Invest for 10 years, and pay off the rest if the interest rate is crazy 10 years later
I think you're looking for the BiggerPockets channel
I'd use some of that debt to get rid of the extra O.
INVEST ITTT!!!!!!!!!!!!!!!!!😡😡😡😡😠😠😡😡😡😡😡🤬🤬🤬🤬🤬
Dave fire your graphic designer. There’s a typo on the thumbnail
Invest it.
*Eye-roll* another humblebrag call.
This guy has a million bucks asking if he should pay off his house. Come on we can do better with these clips can’t we?
I wonder how Dave built his wealth after his bankruptcy without any loan at all. Has he ever talked about it?
Ken is a freaking legend
*to
Not seen it yet but is someone really asking freaking Dave Ramsey if they should leverage debt
Goals!
To*
Dave’s advice isn’t using logical reasoning. Of course that’s not how people got rich but it most certainly is advantageous to invest when the mortgage is only 2.8%… being in debt will not hurt this guy either, he said he will be getting $11k/m.
Guy could go half way and buy safe treasuries paying more than his mortgage. Dave never recommends this because he can't math
You miss the point
Because there is no such word as 'math'
Dave says the same stuff everytime
Lol why would you even ask Dave ramsey this
I want to invest the money from my home sale, but I don't want to invest the money in my 401k. Seems legit. 😅
there is a limit to how much you can contribute to your 401k per year, it would likely be a in a brokerage account.
I'll take the debt all day long and invest for passive income. Good job Dave , invest in a failed u.s dollar lol.
Personal finance finance is not a one size fits all.
Here goes Dave with his strawman argument. He is not taking any money from his house, or borrowing any money to invest.
Except he has borrowed money and he is considering investing with it.
To be fair these people are gullible enough to call the great profit Dave. They could mess up a bowl of cereal.
Essentially he is if he still has a mortgage.
He's nervous about investing with his 401k funds today, but no problem investing for 10 years with his other funds? Newb
Dave Ramsey is low risk. That’s his clientele Low risk folks. My wife is like that. You just can’t be a multi millionaire doing what Dave Ramsey teaches.
So cool..
Now you're just doing this on purpose...
Debt is the way to life. There is no way you can have a FUN life without being in debt. Plain and simple
Yes there is. Quit whining in the UA-cam comment section and put more effort into gainful pursuits for starters……..
Debt = slavery
Too?
🙏✝️
To
Grammar much?
One of the .005% of Americans above who didn't get thrown out of his job in the manufactured 2008 depression. Who became a millionaire. Extremely rare. One of the privileged few.
So what is your successful UA-cam channel...
There was no depression. Only a recession.
Or didn't panic sell like the majority did.
Working hard is not a privilege
hi'
T O O
Too?