It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about 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
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
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 the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
My dad passed away last month, and he always asked me to translate Dave Ramsey’s shows for him (he was Portuguese). Thank you for everything, Mr. Ramsey.
I used Dave's steps for 4 years. I worked two jobs, got out of debt, paid off the car, and now I am a home owner. You must be willing to sacrifice for a little bit.
Definitely a sacrifice! 2 years ago when I started I was excited. I never realized how long the process actually takes, how much patience, how much discipline it takes! I am currently credit card debt free and vehicle debt free. Next is my student loans!
@josetrevino4273 , keep at it! We just paid off my student loans 2 years ago and were trying to cash flow my wife's nursing school. 😅 didn't quite make it. We got a total of about $40k debt from her Nursing school. She just graduated. Our goal is to focus on that and wipe it out using her entire paycheck and part of mine. Then we will finally be at the finish line.
@@getinthespace7715she can do it. She just has to be willing to WORK. Not the little 36 hour work week.. i mean picking up extra hours every week. Nurses can make great money. A broke nurse = a lazy nurse cause its not like the pay is low
Everything Mr. Dave says I had already heard before. It was spoken to me. I found Mr.Dave at age 64 and he yelled at me and called me stupid. That really got my attention. The hubby and I only had a house mortgage left but it got paid off in 3 years. I am 70 now and am so much more at peace. AND more generous cause I realize how blessed I am.
Listening to Dave got me out of debt . Listening to him on UA-cam helped me navigate any financial issues that arose and kept me on my journey. I will be forever grateful. Keep going we need you.
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Vivian Jean Wilhelm 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 this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Dave Ramsey is one of the smartest financial advisors I’ve ever seen. I’ve been listening to and taking his advice for over 35 years. And he has never lead me wrong. I have been retired comfortably for almost 8 years because of his advice
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
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.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
Elisse Laparche Ewing 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.
Given the current economic challenges, including rising inflation and concerns about a potential debt crisis, it's understandable to feel overwhelmed by financial uncertainty. I'm exploring ways to invest my savings, but I'm unsure about the best approach. I've previously tried e-commerce, but it didn't pan out as planned
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
My CFA “Rebecca Noblett Roberts” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Baby step 3 here! 9 months in we've paid off about $25000 in debt and building our emergency fund. Hard work and God's blessing pay off! Thanks George and Dave for all you do, you've been a blessing to our growing family of 4. Thanks mate from Australia!
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors
Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
I found out about Dave R when I was managing a book store. I actually glanced thru one of his books and took the common sense to heart and now my hubby and I have ZERO debt. No mortgage , no nuthin ! 😊
I found Dave Ramsey when i was 24 i paid off 80k in debt i have 220k in investments IRA 401k ect and have an awesome house i only owe 120k. Now im doing full roth contributions in my 401k i dont follow his advice 100% but he is a huge part or what got me here at 29. Thank you Dave!
@@meridancrypto8226 I gave very little info about how much me and my employer contributed and didn't say how much I paid for my house? What math are you even doing?
@KnowledgeIsComfort depends on who you ask and what they believe in. I believe that, but many believe everything that occurs is part of G-d's plan...which make living not much more special than a wind-up toy. "I will choose the path that's clear, I will choose free will." -Rush
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I just finished paying off $300,000 of debt. First month after paying off debt I scheduled to have new roofs put on two properties, painted a property, took down 12 trees and put up a fence. I think me getting rid of debt is helping the economy.
Been on BS 7 for 6 years. Cross the million net worth last year and have the cash to buy any truck on the lot now. Life got so much easier and more peaceful. I save so much more money because of the opportunity cost of having cash and not needing anything. Your whole mindset changes on how you look at everything.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my busy schedule, I struggle to find time for in-depth investment analysis. For the past seven years, I have entrusted a fiduciary to oversee my portfolio, effectively adjusting to market fluctuations and providing valuable insights for strategic decision-making. I highly recommend considering a similar approach for those seeking successful financial navigation and well-informed investment choices.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
Since starting to follow daves advice, my partner and I have grown so much closer and stronger as a couple. We always loved each other, but now our communication, trust and overall sense of teamwork is better than ever. When he says that the discipline with money creates personal growth in general, its sooooo true.
My husband and I are millionaires, thanks to Dave's teachings! While all our neighbors were "Keeping up with the Jones's," we were working extra jobs and driving beaters. Now we both have new cars and over 1.5 million in net worth. No debt! House paid for. Live like no one else so later, you can live like no one else. We have no worries in this economy. You can do this too! Get his book, The Total Money Makeover! Heck, get it from the library for free!
@ace9840 If you are invested properly, the recessions won't really hurt you. If you panic and sell, then you lose that money. Our investments went down and then went even higher after those recessions. Uneducated investors lose in that scenario. You should also not invest money you will need in the next 5 or so years. You keep an emergency fund for that. So you should not be forced to sell investments in a down market. If you don't have an emergency fund of 3 to 6 months of expenses, you should not be investing till you do.
I really enjoy Dave's grasp on reality when it comes to people and their behavior. He doesn't blame the young, he doesn't heap praises on the old, he's seen enough to know that their character and actions is what they should be judged by. Great interview, George!
It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
The best thing we ever taught our son is about money. He has saved for the last 7 years & he is now in the process of building his very 1st home. Paying about 3/4 of the price in cash. He has been a saver most of his life & works for everything he has. Now we just pray he finds a woman who looks at money the same way! 😬
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
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
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I have been following Dave’s 7 steps since 8 years ago and I have accumulated assets from it. I only wish I could have done that 20 years earlier. He is a savior to the people, especially those who don’t have the concept of financial independence.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market..
I'm 56. I have a spreadsheet with my IRA and ROTH, as well as my monthly bills. I can see MONTHLY how I will be debt free (including the mortgage) at 62. Plus enough growing at 5% to retire with SS and have more than enough.
Wow, What a fantastic show! Thank you George and Dave for doing this segment. As a long time Dave listener you have finally answered the question I’ve long to know, What happens if everyone became millionaires? George is a great asset to Ramsey Solutions. Please keep more of this content coming. George always brings out some of the best questions and scenarios.
I enjoyed Dave noting that a person is responsible for their own success and not the president. Yes, I prefer a specific candidate, but that preference doesn’t impact my ability to generate my own success. (Unless the government collapses 😂)
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
Thank you Dave. Debt free here thanks to your principles and Im in the millionaire category now (1st mil). Your timeline for that is right on. One discipline is that I didn't relapse after becoming debt free and control my spending. Thank you!!!!
I have been listening to dave for some time now. I have learned so much. I have learned set a realistic budget, and to not give in to self indulince. And plan ahead for big expenses. I learn to make saving and is smart iinvesting a habit. And stop credit card buying this buy now and pay later stuff sucks. Now I am mortage free and retired at 68 years old. I feel so glad I took on my bad money habits.
It’s a huge concern for the future of the economy. But you know, there’s always more to the story than the headlines suggest. There are a lot of layers to it, and I think the media tends to focus on the doom-and-gloom aspect more than the underlying dynamics
That’s true. I think a lot of people are really panicking when they hear numbers like the national debt being over $33 trillion. It sounds terrifying, but I’ve read that government debt isn't exactly the same as personal debt.
Exactly! The debt issue is complex. One big factor to remember is that the U.S. dollar is the world’s reserve currency, so there’s always global demand for U.S. debt
That allows the U.S. government to borrow at much lower interest rates than other countries, which keeps things stable in the short term. Plus, a large part of the debt is owed to domestic investors through bonds, pensions, and even Social Security
Right, and there’s the argument that debt can be used strategically. A lot of economists say that as long as the debt is being used to invest in productive areas like infrastructure, technology, or education, it can lead to long-term economic growth
I've been out of debt for a couple decades, I'm in the land of critical mass (hat tip to Bob Brinker) and happily retired! Became an author at age of 62 and have published 3 books and working on my 4th - who knew I'd do that.
Been working the snowball, Dave is right... its not easy but it works. My debt is going down, my income has gone up, if I stay on track ill be clear in under a year and on my way to a better way of living.
I understand now why Dave will not say anything bad about Trump because he is also in the same tax bracket as Trump. Help us understand if Gold and Saach just stated that the economy will boom if VP Harris gets elected and in that same statement Gold and Saach said the economy will take a major hit downward if Trump is reelected and throw in the tariffs. The blue collar and white collar workers lost jobs, benefits and they hurt under the last administration, and the facts, only the facts, not my emotions, just the true facts that are tracked by the same organizations that have tracked ever presidential administration over the years. All the facts show that the economy does so much for blue and white collar, businesses, and unions under Democratic Presidential leadership. These are facts again, not emotions, because you can find all the facts from the government archives.
George - I enjoy your content and your sense of humor. I know lots of your viewers enjoy the clips that are inserted. I would like you to consider leaving them out. You don't need them. I want to listen to your conversation only.
The government is deciding who your neighbors are, what they do with your money, who we go to war with, promoting or discouraging competing cultures in our society and what laws we have and how they’re enforced. Those things combined is what makes politics very very important.
YOU decide if YOU go to war ! Not the government ! I went to prison in 1967 for two years because I didn't cooperate with the US government's Vietnam war plan
He's happy and wealthy- he cares, but doesn't care. He can live incredibly comfortable from his investments in current time and walk away from everything. Being in the same boat- this work-life is all he knows and therefore he spends his heartbeats continuing on with it. It's both good and bad. Perception is everything at his point in life and his goals are what he has left to accomplish if he chooses. Positive thoughts. Always.
Regulations aren’t there to keep restaurants from serving food cold and late. They are there to keep restaurants from serving food that is moldy, where the servers don’t wash their hands.
He's not saying all regulations are bad. Hes saying we've got it dialed up to 11. Try starting a business sometime. Especially in CA. Everything is regulated to death.
@@rachelharrison7961nice try Rache. They still serve “moldy” food with dirty hands, despite the regulations……Chipotle comes quickly to mind. (OK it was e-coli not mold 🤣. Ya got me. Bacteria/fungus…..why quibble?) Either way looks like the regs didn’t work, but they certainly make us feel better don’t they ? 🤔
Since the debt crisis could unleash carnage on the stock market, We need to be prepared for potential market volatility. how can I reallocate funds to secure my portfolio of about $800K ?
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in ROI
*Victoria Louisa Saylor* 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..
Always enjoy the videos - providing helpful insights, perspectives, and guidance in a no nonsense and respectful humorous manner. Keep up the good work George!
I love to see him in different studios. Next up for him is to go on Smart Money Happy Hour with Rachel and George, appear on Dr. John Delony's show and be a guest on Ken Coleman's program. If Jade ever had her own show, she'd probably have him on too.
When you are not in debt and you've saved and invested you tend to spend more not less Thanks Dave for giving us the information to make our lives better ❤ if we choose to listen
We are pushing towards debt free. I've wanted to buy a newer vehicle for 5 years. Still rocking the old subaru with 210k miles. After we are debt free, I'll toss $3k a month in the emergency fund. When we get to +$40k in there, I'll probably trade in the Forester for a used 4Runner and pay cash for the difference. Then, I'll be set with a good vehicle for another decade. Start massing wealth like crazy. Take more vacations. Have more fun.
We're saving for our 2nd car as we're paying off our brand new 4RUNNER instead of the 72 payment plan the dealer had planned for us we're on track in paying it off in less 36 months. Our pilot turned 20 yrs old last June 🎉
@@meleenabradley3017, awesome! I typically like buying 2-3 year old vehicles with less than 30k miles on them that are under warranty still. But with Toyota's and Honda's they hold value pretty well.
Good plan, brother. Getting past that first old beater can be tough. I'm only on 90k miles with my pre-enlightenment car. We'll see how long she continues to trundle along.
@getinthespace7715 My husband likes to buy new because we keep them till they die. Our pilot is almost at 300,000 miles. We lost our 2006 civic to a young man who didn't stop at a stop sign 😞
Where is the cash going to come from? if it's from the emergency fund, you don't have an emergency fund. That money is for emergencies, not upgrades. Once you have it fully funded save up more in a different fund to pay outright for the car.
Love, love, love this interview. Great job George, and I really appreciate Dave Ramsey's point of view. I always feel like I learn a new gem of information when I hear his wisdom.
I was listening to the podcast version and heard about the 500,000 views goal so I popped over here to help boost the numbers. We're only at 162,000! Those are rookie numbers! We gotta pump those numbers up! 🤣
Money is not the most important thing in life, but it helps to have some. Self control helps to keep some in your pocket, or in your bank account in case of needs. The urge to buy things is strong, but, once you have the items that you craved for and sometimes don't need, the euphoria leaves and despair sets in, especially if you buy that puts you in debt.
With the country's economy struggling, I want to protect my $680k savings and find ways to grow my wealth. How can I make the most of my money and secure my financial future?
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an financial expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, . Initially, I began investing independently and experienced significant losses in the market for a considerable period. However, I eventually made the decision to engage the services of a financial expert, despite my initial skepticism. Surprisingly, I managed to outperform the market by over 9%. At first, I considered it a stroke of luck, but this success repeated itself for two consecutive years. As a result, I have since continued to rely on investing through a financial expert.
Glen Howard Chester ’ , is a renowned figure in his line of work. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted his full name into my browser, and his website came up first in search results. He looks flawless.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Carol Vivian Constable 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.
While you can’t control the economy or government spending, you can control your own house economy by how much you spend. Remember ☝️; Control the controlables.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’SUNITA CHACHY JOSEPH’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@ace9840 Huh. But isn't what Dave Ramsey said about Gold and Silver having no intrinsic value, true? The value of Gold and Silver is what we give to it, not what is intrinsic to itself.
In one breath, Dave says, "Biden Inflation" then less than 10 minutes later tells us Presidents "Don't control" the economy anymore than they control the weather. I love this channel, but this kind of stuff drives me nuts.
We all know which side of the isle Dave is on and sometimes his biases show through, he's human, it happens. I don't hold that against him though because I still think his financial advice is sound and pretty simple (although tedious) to follow.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about 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
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
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 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.
My dad passed away last month, and he always asked me to translate Dave Ramsey’s shows for him (he was Portuguese). Thank you for everything, Mr. Ramsey.
Sorry for your loss
oh wow, im so sorry for your loss, thank you, for translating, love to you for your grief journey
I’m sorry for your loss, losing a parent is terrible
I'm so sorry for your lost 😢
Os meus sentidos pêsames. Que Deus tenha a sua alma em descanso 🙏
I used Dave's steps for 4 years. I worked two jobs, got out of debt, paid off the car, and now I am a home owner. You must be willing to sacrifice for a little bit.
Definitely a sacrifice! 2 years ago when I started I was excited. I never realized how long the process actually takes, how much patience, how much discipline it takes! I am currently credit card debt free and vehicle debt free. Next is my student loans!
@josetrevino4273 , keep at it!
We just paid off my student loans 2 years ago and were trying to cash flow my wife's nursing school. 😅 didn't quite make it. We got a total of about $40k debt from her Nursing school. She just graduated.
Our goal is to focus on that and wipe it out using her entire paycheck and part of mine.
Then we will finally be at the finish line.
@@getinthespace7715 Stay strong and stick to the plan! Y’all got this!
@@getinthespace7715she can do it. She just has to be willing to WORK. Not the little 36 hour work week.. i mean picking up extra hours every week. Nurses can make great money. A broke nurse = a lazy nurse cause its not like the pay is low
😂 in a down economy. I have two jobs and a business and make over 200k but I’m struggling big time.
Everything Mr. Dave says I had already heard before. It was spoken to me. I found Mr.Dave at age 64 and he yelled at me and called me stupid. That really got my attention. The hubby and I only had a house mortgage left but it got paid off in 3 years. I am 70 now and am so much more at peace. AND more generous cause I realize how blessed I am.
Thank You and I remember that show..
Listening to Dave got me out of debt . Listening to him on UA-cam helped me navigate any financial issues that arose and kept me on my journey. I will be forever grateful. Keep going we need you.
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Vivian Jean Wilhelm 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 this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Dave Ramsey is one of the smartest financial advisors I’ve ever seen. I’ve been listening to and taking his advice for over 35 years. And he has never lead me wrong. I have been retired comfortably for almost 8 years because of his advice
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
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.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
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?
Elisse Laparche Ewing 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.
Given the current economic challenges, including rising inflation and concerns about a potential debt crisis, it's understandable to feel overwhelmed by financial uncertainty. I'm exploring ways to invest my savings, but I'm unsure about the best approach. I've previously tried e-commerce, but it didn't pan out as planned
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
My CFA “Rebecca Noblett Roberts” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Baby step 3 here! 9 months in we've paid off about $25000 in debt and building our emergency fund. Hard work and God's blessing pay off! Thanks George and Dave for all you do, you've been a blessing to our growing family of 4. Thanks mate from Australia!
Excellent job.🎉
Still in Baby Step 2 partly paused for stork mode: baby coming I a couple weeks. But glad for progress so far.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors
Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
I love how genuine and calm this interview is.
100%
I found out about Dave R when I was managing a book store. I actually glanced thru one of his books and took the common sense to heart and now my hubby and I have ZERO debt. No mortgage , no nuthin ! 😊
I found Dave Ramsey when i was 24 i paid off 80k in debt i have 220k in investments IRA 401k ect and have an awesome house i only owe 120k. Now im doing full roth contributions in my 401k i dont follow his advice 100% but he is a huge part or what got me here at 29. Thank you Dave!
MATH AINT MATHING
@Trouble-v1m I had no guidance as a kid from either parent and had to figure it out. Sorry I didn't do it fast enough for you
@@meridancrypto8226 I gave very little info about how much me and my employer contributed and didn't say how much I paid for my house? What math are you even doing?
@Trouble-v1mpost your numbers big shot
@Trouble-v1mbasic eh, go do a survey of Americans across the country and see how basic it is
I love that Dave gives God all the praise.
But not of the blame...interesting, maybe it's G-d's plan,like Job
@@Kornheiser10God gives us free will. He will allow you to spend yourself into oblivion if you want.
@KnowledgeIsComfort depends on who you ask and what they believe in. I believe that, but many believe everything that occurs is part of G-d's plan...which make living not much more special than a wind-up toy.
"I will choose the path that's clear, I will choose free will." -Rush
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Sure, Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I just finished paying off $300,000 of debt. First month after paying off debt I scheduled to have new roofs put on two properties, painted a property, took down 12 trees and put up a fence. I think me getting rid of debt is helping the economy.
Been on BS 7 for 6 years. Cross the million net worth last year and have the cash to buy any truck on the lot now. Life got so much easier and more peaceful. I save so much more money because of the opportunity cost of having cash and not needing anything. Your whole mindset changes on how you look at everything.
So , what truck are you going to buy ?
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
I could really use the expertise of this advsors
Her name is ‘Marissa Lynn Babula’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I curiously searched her names and I found some pretty interesting information. Thanks for this
Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my busy schedule, I struggle to find time for in-depth investment analysis. For the past seven years, I have entrusted a fiduciary to oversee my portfolio, effectively adjusting to market fluctuations and providing valuable insights for strategic decision-making. I highly recommend considering a similar approach for those seeking successful financial navigation and well-informed investment choices.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.
I got my first house the year I started investing and today networth is over £3m
so perfect
I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
Love this!! God is good. I love Dave always focusing on God and giving Him the credit!! Keep up the great work George!!
Since starting to follow daves advice, my partner and I have grown so much closer and stronger as a couple. We always loved each other, but now our communication, trust and overall sense of teamwork is better than ever. When he says that the discipline with money creates personal growth in general, its sooooo true.
This is so beautiful 😊
@@tracywalker244 🥰
My husband and I are millionaires, thanks to Dave's teachings! While all our neighbors were "Keeping up with the Jones's," we were working extra jobs and driving beaters. Now we both have new cars and over 1.5 million in net worth. No debt! House paid for. Live like no one else so later, you can live like no one else. We have no worries in this economy. You can do this too! Get his book, The Total Money Makeover! Heck, get it from the library for free!
@ace9840 If you are invested properly, the recessions won't really hurt you. If you panic and sell, then you lose that money. Our investments went down and then went even higher after those recessions. Uneducated investors lose in that scenario. You should also not invest money you will need in the next 5 or so years. You keep an emergency fund for that. So you should not be forced to sell investments in a down market. If you don't have an emergency fund of 3 to 6 months of expenses, you should not be investing till you do.
Most of this is common sense, keep your debt low. If I hadn't been divorced so many times, I would be a millionaire too.
@@zztop8592ouch. Maybe consider reconciliation 😊Hope is never lost!
I bet you are feeling pretty good !
I really enjoy Dave's grasp on reality when it comes to people and their behavior. He doesn't blame the young, he doesn't heap praises on the old, he's seen enough to know that their character and actions is what they should be judged by. Great interview, George!
It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
The end of this interview is so IMPORTANT for purpose and generosity and being happy in your heart
The best thing we ever taught our son is about money. He has saved for the last 7 years & he is now in the process of building his very 1st home. Paying about 3/4 of the price in cash. He has been a saver most of his life & works for everything he has. Now we just pray he finds a woman who looks at money the same way! 😬
Thank you Dave. We are millionaires and are debt free including house. I will never go back.
*Thank you😊 for this video, do you offer account management or have any recommendations?*
If you’re using a good manager, it’s easier to earn from the market
That's true. a lot of people today have been
having lots of disappointments in trading in light of helpless direction and awful consultants
I've been trying to trade but I keep making losses and it's frustrating
VICTORIA WALTERS HAYWARD is exceptionally good, i believe you should give her a try
There seems to be constant mention of
"Victoria Walters Hayward" everywhere I turn. Are the accolades and reviews truly worth her?
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
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
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Just started the video! Now I must watch this 499,999 more times. I love George!
Dave is absolutely correct….disciplined lifestyle.
I have been following Dave’s 7 steps since 8 years ago and I have accumulated assets from it. I only wish I could have done that 20 years earlier. He is a savior to the people, especially those who don’t have the concept of financial independence.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market..
All thanks to Jaspreet Singh with his investment advice, at least I can afford a good home and also have to retire early.
I have also worked with the same Jaspreet Singh. he is very insightful and understanding. he is also a patient teacher..
I have seen so many recommendations about Jaspreet Singh, his strategy must be good for people to talk about him....
You give me hope that I still have time left. I’m in my 30s
I'm 56. I have a spreadsheet with my IRA and ROTH, as well as my monthly bills. I can see MONTHLY how I will be debt free (including the mortgage) at 62. Plus enough growing at 5% to retire with SS and have more than enough.
Good for you! Great feeling, isn't it?
Thats really exciting future, you must be proud of what you have achieved. Its brilliant when you are debt free.
Wow, What a fantastic show! Thank you George and Dave for doing this segment. As a long time Dave listener you have finally answered the question I’ve long to know, What happens if everyone became millionaires? George is a great asset to Ramsey Solutions. Please keep more of this content coming. George always brings out some of the best questions and scenarios.
Following Dave Ramsey's advice got us out of debt when we thought we never would.
I enjoyed Dave noting that a person is responsible for their own success and not the president. Yes, I prefer a specific candidate, but that preference doesn’t impact my ability to generate my own success. (Unless the government collapses 😂)
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Her name is 'Lauren Marie Ehlers’. Just search the name and you’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thank you Dave. Debt free here thanks to your principles and Im in the millionaire category now (1st mil). Your timeline for that is right on. One discipline is that I didn't relapse after becoming debt free and control my spending. Thank you!!!!
Great segment. It's always nice to get Dave's perspective on these things.
I have been listening to dave for some time now. I have learned so much. I have learned set a realistic budget, and to not give in to self indulince. And plan ahead for big expenses. I learn to make saving and is smart iinvesting a habit. And stop credit card buying this buy now and pay later stuff sucks. Now I am mortage free and retired at 68 years old. I feel so glad I took on my bad money habits.
It’s a huge concern for the future of the economy. But you know, there’s always more to the story than the headlines suggest. There are a lot of layers to it, and I think the media tends to focus on the doom-and-gloom aspect more than the underlying dynamics
That’s true. I think a lot of people are really panicking when they hear numbers like the national debt being over $33 trillion. It sounds terrifying, but I’ve read that government debt isn't exactly the same as personal debt.
Countries like the U.S. have more tools at their disposal to manage debt, like printing money or managing interest rates.
Exactly! The debt issue is complex. One big factor to remember is that the U.S. dollar is the world’s reserve currency, so there’s always global demand for U.S. debt
That allows the U.S. government to borrow at much lower interest rates than other countries, which keeps things stable in the short term. Plus, a large part of the debt is owed to domestic investors through bonds, pensions, and even Social Security
Right, and there’s the argument that debt can be used strategically. A lot of economists say that as long as the debt is being used to invest in productive areas like infrastructure, technology, or education, it can lead to long-term economic growth
I've been out of debt for a couple decades, I'm in the land of critical mass (hat tip to Bob Brinker) and happily retired! Became an author at age of 62 and have published 3 books and working on my 4th - who knew I'd do that.
Can you advise which books you wrote please
Man, I keep saying it .. best editor on UA-cam. 😂 I’m guaranteed to laugh in every George video
Been working the snowball, Dave is right... its not easy but it works. My debt is going down, my income has gone up, if I stay on track ill be clear in under a year and on my way to a better way of living.
George you are a talented communicator, thanks bro
George is great. He's enthusiastic, fun, intelligent and a good guy - and as you say a talented communicator.
Me wanting to watch this in repeat so George doesn’t get fired
ditto
I understand now why Dave will not say anything bad about Trump because he is also in the same tax bracket as Trump. Help us understand if Gold and Saach just stated that the economy will boom if VP Harris gets elected and in that same statement Gold and Saach said the economy will take a major hit downward if Trump is reelected and throw in the tariffs. The blue collar and white collar workers lost jobs, benefits and they hurt under the last administration, and the facts, only the facts, not my emotions, just the true facts that are tracked by the same organizations that have tracked ever presidential administration over the years. All the facts show that the economy does so much for blue and white collar, businesses, and unions under Democratic Presidential leadership. These are facts again, not emotions, because you can find all the facts from the government archives.
I watched with friends. Sorry, George.
Me watching in reverse so he does. MWAHAHAHA!
Na let him get fired, Dave is holding him back.
Absolutely loved listening to this interview! Bravo!
Uncle Dave 🙌 great convo!! Fun to see him speak outside of just the show. 😁 he’s a great man! God bless y’all.
George - I enjoy your content and your sense of humor. I know lots of your viewers enjoy the clips that are inserted. I would like you to consider leaving them out. You don't need them. I want to listen to your conversation only.
The government is deciding who your neighbors are, what they do with your money, who we go to war with, promoting or discouraging competing cultures in our society and what laws we have and how they’re enforced. Those things combined is what makes politics very very important.
That is how hivernment has worked for thousands of years
YOU decide if YOU go to war ! Not the government ! I went to prison in 1967 for two years because I didn't cooperate with the US government's Vietnam war plan
He's happy and wealthy- he cares, but doesn't care. He can live incredibly comfortable from his investments in current time and walk away from everything. Being in the same boat- this work-life is all he knows and therefore he spends his heartbeats continuing on with it. It's both good and bad. Perception is everything at his point in life and his goals are what he has left to accomplish if he chooses. Positive thoughts. Always.
Regulations aren’t there to keep restaurants from serving food cold and late. They are there to keep restaurants from serving food that is moldy, where the servers don’t wash their hands.
He's not saying all regulations are bad. Hes saying we've got it dialed up to 11. Try starting a business sometime. Especially in CA. Everything is regulated to death.
@@pdxmusl1510 What business did you try to open and what particular regs were most burdensome?
@@rachelharrison7961nice try Rache. They still serve “moldy” food with dirty hands, despite the regulations……Chipotle comes quickly to mind. (OK it was e-coli not mold 🤣. Ya got me. Bacteria/fungus…..why quibble?) Either way looks like the regs didn’t work, but they certainly make us feel better don’t they ? 🤔
The servers don't wash their hands. I work in one. No common sense some times.
I feel like Dave is our papa. The father I never had & always longed for. Thank you for adopting us all as your daughters 👑💗
Worked for Dave debt free and house paid off. Thanks DR, very generous guy, also George is hilarious and a good singer.
Best guest ever. This Dave guy should have his own radio show. 😉
😂
😂
I dunno. You think it would take off?
I've lived Dave's stuff and it works!! The only people who say it doesn't work just don't have the discipline to make it work.
Cannot like this video enough! Great work George. Enjoyed this conversation.
I’m really grateful I listened to this, especially the part about telling yourself no.
Since the debt crisis could unleash carnage on the stock market, We need to be prepared for potential market volatility. how can I reallocate funds to secure my portfolio of about $800K ?
You should better diversify your portfolio to defensive assets. If you don’t have good experience you should consult with an expert
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in ROI
Pls how can I reach this expert, I need someone to help me manage my portfolio
Yeah, she is Victoria Louisa Saylor , look her up. Anyone is free to contact her.
*Victoria Louisa Saylor* 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..
Always enjoy the videos - providing helpful insights, perspectives, and guidance in a no nonsense and respectful humorous manner. Keep up the good work George!
I love to see him in different studios. Next up for him is to go on Smart Money Happy Hour with Rachel and George, appear on Dr. John Delony's show and be a guest on Ken Coleman's program. If Jade ever had her own show, she'd probably have him on too.
When you are not in debt and you've saved and invested you tend to spend more not less
Thanks Dave for giving us the information to make our lives better ❤ if we choose to listen
We are pushing towards debt free. I've wanted to buy a newer vehicle for 5 years.
Still rocking the old subaru with 210k miles.
After we are debt free, I'll toss $3k a month in the emergency fund. When we get to +$40k in there, I'll probably trade in the Forester for a used 4Runner and pay cash for the difference.
Then, I'll be set with a good vehicle for another decade.
Start massing wealth like crazy.
Take more vacations.
Have more fun.
We're saving for our 2nd car as we're paying off our brand new 4RUNNER instead of the 72 payment plan the dealer had planned for us we're on track in paying it off in less 36 months. Our pilot turned 20 yrs old last June 🎉
@@meleenabradley3017, awesome!
I typically like buying 2-3 year old vehicles with less than 30k miles on them that are under warranty still.
But with Toyota's and Honda's they hold value pretty well.
Good plan, brother. Getting past that first old beater can be tough. I'm only on 90k miles with my pre-enlightenment car. We'll see how long she continues to trundle along.
@getinthespace7715 My husband likes to buy new because we keep them till they die. Our pilot is almost at 300,000 miles. We lost our 2006 civic to a young man who didn't stop at a stop sign 😞
Where is the cash going to come from? if it's from the emergency fund, you don't have an emergency fund. That money is for emergencies, not upgrades. Once you have it fully funded save up more in a different fund to pay outright for the car.
I love Dave and George!!! Wow! Great godly men!!!
That was great!! Amazing points he made. Wow.
Dave Ramsey is my hero !
10 years ago his program saved my financial situation.
Thank you Dave !
I am living better today because of you.
Thank you !
Love this interview
Love, love, love this interview. Great job George, and I really appreciate Dave Ramsey's point of view. I always feel like I learn a new gem of information when I hear his wisdom.
I was listening to the podcast version and heard about the 500,000 views goal so I popped over here to help boost the numbers. We're only at 162,000! Those are rookie numbers! We gotta pump those numbers up! 🤣
Many gems in this discussion. Thank you for this.
"If you live fake rich,
you become real broke"
🏆
I love to hear Dave and George...they make sense to me❤
I think it would be seriously amazing if Dave ran for president! I think he would make a great one!
Money is not the most important thing in life, but it helps to have some. Self control helps to keep some in your pocket, or in your bank account in case of needs. The urge to buy things is strong, but, once you have the items that you craved for and sometimes don't need, the euphoria leaves and despair sets in, especially if you buy that puts you in debt.
❤ well Mr. Ramsey, the USA needs your financial advice, and influence, in our federal and state governments.
With the country's economy struggling, I want to protect my $680k savings and find ways to grow my wealth. How can I make the most of my money and secure my financial future?
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an financial expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, . Initially, I began investing independently and experienced significant losses in the market for a considerable period. However, I eventually made the decision to engage the services of a financial expert, despite my initial skepticism. Surprisingly, I managed to outperform the market by over 9%. At first, I considered it a stroke of luck, but this success repeated itself for two consecutive years. As a result, I have since continued to rely on investing through a financial expert.
Could you possibly recommend a financial expert you've consulted with?
Glen Howard Chester ’ , is a renowned figure in his line of work. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted his full name into my browser, and his website came up first in search results. He looks flawless.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
this is all new to me, where do I find a fiduciary, can you recommend any?
Carol Vivian Constable 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.
Thanks Mr.Dave You are my 先生
❤.
Peace and Love from a long time listener of Dave Ramsey show from Japan 🇺🇸🇺🇸🇯🇵🇯🇵
While you can’t control the economy or government spending, you can control your own house economy by how much you spend. Remember ☝️; Control the controlables.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’SUNITA CHACHY JOSEPH’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
We are 22 months away from Baby Step 7 (God willing). 🎉 Thank you for the motivation!
Makes more sense to me more than most "money people"! Lots of common sense! Keep it going Dave! ❤
Mr Ramsey we love George do not fire him😊😊
Dave Ramsey's financial teachings should be a required course for high school students!
@ace9840 Huh. But isn't what Dave Ramsey said about Gold and Silver having no intrinsic value, true? The value of Gold and Silver is what we give to it, not what is intrinsic to itself.
It is at my children’s Christian school!
You can buy high school courses for home
Haha love your editors! The Halo theme behind “the ancient word NO” for 3 seconds was the best!
Sooo good! What great wisdom! Thank you Dave and George!
This what WE needed to hear! Excellent interview. Don’t worry George you’ll get those views in no time!!
Your editor is killing it today! 🤣
Love it, thanks George, Dave, and Ramsey Solutions team!
Thank you for all that you do! 🎉 You have helped my family a lot
Thanks to Dave and George for your time and examples.
Like when Dave gives George a hard time about his tesla. But George hits back with you pay for my charging Dave!
I love when he calls it a “little battery car” 😂😂
LOVE when George interviews Mr. Dave Ramsey
Dave needs to have the digital debt sign that all the people on his show have paid off 🎉
Love these! Keep them coming!
In one breath, Dave says, "Biden Inflation" then less than 10 minutes later tells us Presidents "Don't control" the economy anymore than they control the weather. I love this channel, but this kind of stuff drives me nuts.
Dave manages to have interesting ideas anytime he strays from “debt bad spend less than you make”.
He’s like your conservative boomer father or uncle. Reminds me of my dad. George is the one that annoys me because he has no opinion of his own.
Yeah it's painful to hear the Fox news come out of Dave's mouth.
@@jokka6388. Dave’s a multi millionaire. I think he knows what he’s talking about.
We all know which side of the isle Dave is on and sometimes his biases show through, he's human, it happens. I don't hold that against him though because I still think his financial advice is sound and pretty simple (although tedious) to follow.
Priceless. “We actually help people.”