Don’t tell anyone you have money! Tell everyone that you signed a non disclosure agreement and can’t disclose it to anyone. That’s what we did. What you collect is NOBODY’S business
@@memeworld7800 let's not say immature things that can hurt other people. The world is a big place and can have lots of people what's the most circumstances. We can hope that he can maintain a lot of privacy. If not, "no" is a great word.
@@richthepup wrong. Everything has a price. Most people have a dollar amount they would literally die for to leave to their loved ones. It might be unrealistic amounts, like $10b. But everything has a price.
@@j.g.mcbell9494 I wouldn't take any amount of money to die, I don't have anyone to leave it to. I wouldn't take anything for my sight, either. $100 trillion, I don't give a shit. If I can't see my enjoyment of anything is so severely diminished it's pointless.
DO NOT BUY FAMILY MEMBERS HOUSES!!! - do not let family move into your new house - do not touch the principal - live off of the interest, dividends gained - do not pay for meals, alcohol, other people’s emergencies all the time… - donate to causes you support in your area anonymously
Do not help anyone, including family, when they can make better decisions (almost everyone could make better decisions). Only do it on your terms if you want to do it. If they ask you that's a huge red flag. You can help them learn how to handle money (Dave's Financial Peace University for example). Giving someone money is a problem and helping them learn how to get their own money is a much better idea. Anyone who doesn't want your input certainly doesn't need any of your money. 😁👍
I am holding a cash position of 300k. I know a dip is supposed to be the buying opportunity in this recession, thus my question - what are the best stocks to dive into as of now?
the hottest stocks in recent years have been in the technology and communication industries, most investors find it easier to build their portfolios utilizing a financial advisor, perhaps you can do the same
Couldn't agree more, I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 15% NVDA, 20% APPL, 15% SCHD, 15% VOO and over 30% in digital assets, thanks to my advisor. This has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
@@OwpunRiplys this is awesome! who is the professional guiding you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
this is awesome! who is the professional guiding you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
I've shuffled through a few advisors in the past, but settled with ''Karen Lynne Chess''. You'd most likely find her basic info on the internet, she's well established and her qualifications speak for itself.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
He called asking Dave’s advice on how to handle this large settlement. He sounds like he wants to make sure he makes the best use of this money. And any relative who “comes out of the woodwork” looking for money needs to be told off for wanting to benefit from someone else’s injury.
You didn't finish the sentence: "You're not going to see the inside of a restaurant unless you are working there!" BTW, how is this comment related to this video?
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 ....
I have a car that had an airbag recall. This call was a good reminder that i’m glad i got that taken care of from the dealership quickly...$5 million sounds nice but not worth losing and eye and God knows what other physical issues that might come up later...
First thing, don't tell anybody that you have that money. You will have family and friends coming out of the woodwork. Plan out how to invest it so that you never have to work again.
The investing is definitely the smart thing to do. But how much should he invest in mf or ETF and how much in real estate? I'd be scared to death to invest all of it in either, or, or both. This guy has alot of homework to do.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .........
Yeah, this man will also never see with both eyes, never look the same since half of his face is destroyed and probably will be on extensive pain medication for quite some time.
Jesus. A lot of us like to think about the day when we have enough money to never have to work again, but we never think about what we have to sacrifice to get there, be it 30-40 years of our lives or...this. Nothing is ever free.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
He needs to pay off any debt he owes first. The lawyer is also going to get his big chunk of that pie. Also hope he does not get addicted to the pain killers. Watch out for all the friends,family and snakes come out of the wood work asking for help
@@pixigirl999 I didn't hear that part, I just hope he's going to be ok. I've seen this happen before and it doesn't turn out very good, the medication is the one that he really needs to look out for
@taylordavis My daughter just took a class on financial management at her highschool. The other kids probably profited from it. But my daughter has a very high IQ, she's been filling out my business taxes for years, and has about $120K invested at 15. She drove the teacher nuts 😖
Well the only reason he was able to receive the money was because of the attorney, so I don't have an issue with an attorney getting paid. He's probably going to get about 50% of the 5m, the attorney is more than likely going to get around half of that.
@@dopeskaterat95 I don’t know if you know, he comments on every post here and every post for every financial channel to try and get views for himself. He’s desperate doing it for money aka views
I like the idea of the advisory board my experience however has taught me that most of these people are not going to be properly advising you they're going to be wanting to sell you products
for depondin on what kind you get by law they have to do what in your best intrest. second most will not want to sell you something. a CPA does taxes, and a real esate will just help you buy real estate.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
He can invest some into index funds but not all of it. He needs to diversify his investments but he also needs to get something to do in his life. That money is to help him live not to party on. If he has any psychological impact from the accident he needs to address that. He probably should spend about $200000 on his health.
You just need Google and common sense. Don't waste money paying people for basic advise. Pay off your debt. Buy a house. Put money aside for retirement and live an easy life. The accident was enough trauma for one lifetime ...Time to chill!
No expert, but I think a great tax attorney and respected financial planner would be a good place to start. Make sure the financial planner is with a reputable firm. Stay away from the solo planners that are on their own and not associated with a good firm.
@@AxcelGamer97 I would put my money with a firm that has a lot of checks and balances and auditing. Nothing is guaranteed, but risk reduction is the way I would go. Check your account regularly too.
I don't understand why Dave is telling him to continue working after he receives $5m. That is more than enough to live a very good lifestyle for the rest of your life without ever having to work again.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .........
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .......
Some personal advice needed: I know that Dave doesn’t recommend this, but would it be OK to invest only in a cheap index tracker fund for, say the biggest 100 companies, instead of managed funds? To be honest, I want something easy, cheap, and hands-off, but also safe and lucrative. I would find anything else too stressful.
$5mil is fine for me. I wouldn't work a grind for 25 years just to look over and see that's it's become $40mil. That's not exciting to me. I would follow my interests immediately. Interests that probably don't pay well or pay at all, but who cares? I know they could be supported forever on $5mil.
Yep chasing after more money will probably not make a huge impact due to diminishing returns. Who is excited about tens of millions at age 65 lol. A few millions can get you a lot further when you still have the body to do stuff with it. Who wants to be the richest guy in the graveyard ?
Why does Dave never mention inheriting a money should be a secret. Statistically this could ruin his life more than the accident if he and his wife aren't wise with it, and keep it quiet. Don't give your family and friends reason to use and resent you.
Easy, buy some property and invest. You will never go broke. It's simple. Don't buy dumb stuff. Don't walk around saying you worked hard blah blah blah. Don't buy politicians. Use the money to escape the system.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 ........
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .......
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
"How can I contribute" doesn't really motivate me. "How can I serve other people (or help other people)" feels more motivating for me. Maybe splitting hairs/ semantics.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
It's like a sacrifice for something good 💔 It's like you have to loose something in order to gain something 💔 Sometimes I pray for him to heal Even though he loss one eye 💔
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .......
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
well dave isnt his financial advisor. its pretty reasonable to suggest hiring an expert. in reality though, he could just throw it all in an S&P500 index fund with a super low fee and be just fine. simple, worry free and lowish risk.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
I'd agree with buying a home cash but he needs to invest and can easily live off $100k a year from interest in his mid 50s should have well over 12 million.
Sounds like the most tempting option to me. I understand “but you could invest and have more” but if you could have everything ever needed, why not take that?
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .......
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 ........
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
I just dont see how paying CASH for real estate is ever a good idea with these low interest rates.. Why not put the 25% down and invest the CASH to get higher yields and/or buy MORE real estate on the banks money....
Be very carful on who you hire to handle your money ,the best advice on investing hire a big company that can cover any one that scams you ! Do home work !
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
before anything get with doctors and see what lifetime care is... pay off all your debt then 60% of the rest and dedicate it to retirement and other ira style investing. with the rest buy a home fund emergency and figure it out SLOWLY very very SLOWLY..
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
30 with a 14 year old stepdaughter? So wife got pregnant at 16 what a mess. Anyway all he needs to do is throw all the money in a high yield savings account with 3% interest and he will get about 16-20k a month.
When u dream of having $5 million it is not this way. I wouldn’t want the $5 million like this but now that he has it I would just invest it and retire living off th income it creates. It should be making him between 350k-500k a yea 7-10%. Your not gonna spend 350k in a year ( at least u shouldn’t unless your buying a house), so then I decide a generous amount to live on each year that is under 350k and just keep investing the rest. This he can be retired and do what ever he wants to do
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 ......
What an awesome financial problem to have, but a horrible personal experience to go through. He should keep some to pay for the ongoing expenses now and invest the rest so it can continue paying for the long term expenses. Keep in mind that almost half of this money will go to taxes and then even more for attorney fees, etc. The important thing is to treat this money as money for taking care of the injury and the resulting, future expenses as a result of it. He shouldn't plan for it be be used for the lifestyle he had before the accident. The initial, medical expense is not the only expense. He shouldn't assume that he now has money to take care of other people and pay for other expenses in his life until he knows that the money he gets from investing the $2.5million is enough. This injury affects his ability to work, hence future income, but that won't stop family and friends from asking for a cut.
What's the point of hoarding all of that money if he's gonna be too old to enjoy it? If he's had this much damage to his body now the complications are only going to get worse. I'd be enjoying life while he still has the chance to.
Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/3g11A2V
I'd diversify. 2.5 million in rice and 2.5 million in beans.
Why not buy a farm and grow rice and beans forever?
Omg so original and funny!
Got an audible reaction from me hahah
solid plan haha
With the way inflation is going you’d probably do aright…
Don’t tell anyone you have money! Tell everyone that you signed a non disclosure agreement and can’t disclose it to anyone. That’s what we did. What you collect is NOBODY’S business
Just told everybody he's ever known with this call
@@memeworld7800 doubt they use real name unless they are morons or fake area
lmao i have never followed a nda agreement
@@memeworld7800 let's not say immature things that can hurt other people.
The world is a big place and can have lots of people what's the most circumstances. We can hope that he can maintain a lot of privacy.
If not, "no" is a great word.
Good Luck Brandon….. $5 million isn’t worth anyones sight……. Prayers for a speedy recovery bro…..🙌🙌🙌🙌
exactly companies don't see it like that though
Right
I mean I don't know, for $5 million I might consider losing one of my eyes.
@@dedalliance1 not worth it
@@solis2528 Maybe, maybe not. That's a lot of money though and could change your entire family tree.
Poor guy I would not want money that way.
100% agreed. There’s no a price that can be put on your physical well-being.
@@richthepup wrong. Everything has a price. Most people have a dollar amount they would literally die for to leave to their loved ones.
It might be unrealistic amounts, like $10b. But everything has a price.
@@j.g.mcbell9494 nah not everyone
@@j.g.mcbell9494 What is your number bud?
@@j.g.mcbell9494 I wouldn't take any amount of money to die, I don't have anyone to leave it to.
I wouldn't take anything for my sight, either. $100 trillion, I don't give a shit. If I can't see my enjoyment of anything is so severely diminished it's pointless.
DO NOT BUY FAMILY MEMBERS HOUSES!!!
- do not let family move into your new house
- do not touch the principal
- live off of the interest, dividends gained
- do not pay for meals, alcohol, other people’s emergencies all the time…
- donate to causes you support in your area anonymously
Soooooooo true
Do not help anyone, including family, when they can make better decisions (almost everyone could make better decisions).
Only do it on your terms if you want to do it. If they ask you that's a huge red flag.
You can help them learn how to handle money (Dave's Financial Peace University for example).
Giving someone money is a problem and helping them learn how to get their own money is a much better idea.
Anyone who doesn't want your input certainly doesn't need any of your money. 😁👍
Me before watching the video: "That's a good problem to have"
Me a few minutes in: "oh"
Hahaha true
Lol. I said the same thing!
Yep. Sad story.
Hahahahaha 😂😂.that was me . I was smiling at the millions 😂😂,then I'm like.... Jeezzz🙉🙄
Praying for this man’s recovery
I am holding a cash position of 300k. I know a dip is supposed to be the buying opportunity in this recession, thus my question - what are the best stocks to dive into as of now?
the hottest stocks in recent years have been in the technology and communication industries, most investors find it easier to build their portfolios utilizing a financial advisor, perhaps you can do the same
Couldn't agree more, I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 15% NVDA, 20% APPL, 15% SCHD, 15% VOO and over 30% in digital assets, thanks to my advisor. This has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
@@OwpunRiplys this is awesome! who is the professional guiding you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
this is awesome! who is the professional guiding you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
I've shuffled through a few advisors in the past, but settled with ''Karen Lynne Chess''. You'd most likely find her basic info on the internet, she's well established and her qualifications speak for itself.
I hope they negotiate to pay any future medical expenses due to the accident. Medical expenses can eat up your money.
Get well Brandon
My heart melted when he said he has two wonderful step daughters. Hopefully they've been helping with his recovery, mentally and physically.
@@quaithom3138 Oh they've been helping... nudgenudge winkwink "STEPBRO WHAT ARE YOU DOING"
No amount of money can replace your health.
Health is wealth!
@@bobbycigarillo I’m a nurse and on one of the staircases at my workplace we have that exact saying! It’s a good reminder.
@@TaelyLee it truly is! Unfortunately quite a few people don't understand this until its too late
U can buy robot legs
And wealth purchases health in America sadly as hundreds of thousands die
Bless him. A $100 Million isn't worth your eye sight.
𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒄̧𝒓𝒚𝒑𝒕𝒐𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒘𝒊𝒕𝒉 𝒎𝒚 𝑨𝒅𝒎𝒊𝒏𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆
𝑻𝒆𝒙𝒕 𝐡𝐢𝐦 𝒐𝒏 ω𝒉𝒂𝒕𝒔𝒂𝒑𝒑 𝒕𝒐 𝒈𝒖𝒊𝒅𝒆 𝒚𝒐𝒖 𝒕𝒉𝒓𝒐𝒖𝒈𝒉...
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
Invest it. It doesn’t matter how much. Always invest it.
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
I feel so awful for this guy. I hope he is prudent with this money but the odds are far against him. Best of luck though.
Sorry for what i did.
He called asking Dave’s advice on how to handle this large settlement. He sounds like he wants to make sure he makes the best use of this money. And any relative who “comes out of the woodwork” looking for money needs to be told off for wanting to benefit from someone else’s injury.
Dave: "You're not going to see the inside of a restaurant"
Caller: "I work in a restaurant"
Caller: not seeing is the whole problem
Sorry for what i did.
@pat shermer you thought this was it huh?
You didn't finish the sentence: "You're not going to see the inside of a restaurant unless you are working there!"
BTW, how is this comment related to this video?
😂😂
Get well, Brandon. I’m sorry for what you have gone through and we all hope this money situation turns out great for you. Good luck and God bless.
I was a train conductor and was seriously injured in a head on train crash and had a similar situation. I payed EVERYTHING OFF step one.
OUCH!!
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 ....
I have a car that had an airbag recall. This call was a good reminder that i’m glad i got that taken care of from the dealership quickly...$5 million sounds nice but not worth losing and eye and God knows what other physical issues that might come up later...
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
"My car's airbag exploded" Dave: "Sell the car"
beans and rice
“Deliver pizzas at night...oh wait, you don’t have a car”
Dave " is the car paid off?"
Dave: “Get yourself a hooptie with less explosive airbags!”
Typically if the airbags go off the insurance company will total the car
Wow...would never want to receive money in this way. Hope he recovers from the trauma from all of this.
First thing, don't tell anybody that you have that money. You will have family and friends coming out of the woodwork. Plan out how to invest it so that you never have to work again.
Bit late now
The whole world just found out
The investing is definitely the smart thing to do. But how much should he invest in mf or ETF and how much in real estate? I'd be scared to death to invest all of it in either, or, or both. This guy has alot of homework to do.
@@Primitive_Code yeah split it, some real estate and some in an ETF like VTI and QQQ
Anyone that he knows most likely knows he was in a debilitating car accident.
@@RichV20 Yes. But, they do not know how much his settlement was. He should not share that information.
This man doesn't have to work one more day in his life. Only work on something he finds meaningful. His money worries are over if he manages it well
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .........
What If there would be a massive hyper inflation coming. Leaving all his money useless. He should invest his money in real estate and stocks
Yeah, this man will also never see with both eyes, never look the same since half of his face is destroyed and probably will be on extensive pain medication for quite some time.
Jesus. A lot of us like to think about the day when we have enough money to never have to work again, but we never think about what we have to sacrifice to get there, be it 30-40 years of our lives or...this. Nothing is ever free.
Sucks doesn't it
Thanks for watching, you can leave my analyst a message to guide you and get a better profit !! W "h" a "t" s "a" p "p" + 1 = 9 = 4 = 9 = 5 = 9 = 4 = 8 = 6 = 6 = 7 .....
He needs to pay off any debt he owes first. The lawyer is also going to get his big chunk of that pie. Also hope he does not get addicted to the pain killers. Watch out for all the friends,family and snakes come out of the wood work asking for help
He said this amount would be after attorneys fees
@@pixigirl999 I didn't hear that part, I just hope he's going to be ok. I've seen this happen before and it doesn't turn out very good, the medication is the one that he really needs to look out for
@@MrGreen-dp4oz very true.
He's also going to have alot of "family" and "friends" coming out of the woodworks to ask for their hand outs.
@@db1777 ah God, live just isn’t worth living is it 😢
Get better man.
Warren Buffett once said "if you don't find a way to make money while you sleep, you
will work until you die'.
That was deep! hardcore fan of Warren Buffett. I got to start investing in mutual funds because of him and I haven't regretted it.
@taylordavis My daughter just took a class on financial management at her highschool. The other kids probably profited from it. But my daughter has a very high IQ, she's been filling out my business taxes for years, and has about $120K invested at 15. She drove the teacher nuts 😖
@@sandraparker5295 I have had a lot of luck with mutual funds. Understanding what to expect over the years is a great way to look at them.
All these attorneys, tax professionals and advisors will eat all the wealth with fees.
Well the only reason he was able to receive the money was because of the attorney, so I don't have an issue with an attorney getting paid. He's probably going to get about 50% of the 5m, the attorney is more than likely going to get around half of that.
@Jacob Rodriguez at least someone listened!
@@Silidons91 50% you stupid?
It’s $5M after fees n such.
Let's pray that don't happen!
My goodness. This guy has been through it.
So have you, leeching off others for personal gain
@@multistack1502 shots fired.
@@multistack1502 uh oh what happened?
@@dopeskaterat95 I don’t know if you know, he comments on every post here and every post for every financial channel to try and get views for himself. He’s desperate doing it for money aka views
@@multistack1502 Every chance I get! Mr Multi!
"The car airbag exploded and I lost my eye and a lot of other damages"
Dave: "Ok so what's your household income?
SELL THE CAR
@@games68775 😂😂😂😂😂
The car airbag exploded and I lost my eye and a lot of other damages
Scotty: REV UP YOUR ENGINES!!!
@@games68775 NO... he needs the car to deliver pizzas.
Dave: Sell the other eye
Get well soon Brandon🙏
This guys is going to be just fine.
Hey bro.
Dont forget to get on S.S.I.
I like the idea of the advisory board my experience however has taught me that most of these people are not going to be properly advising you they're going to be wanting to sell you products
for depondin on what kind you get by law they have to do what in your best intrest.
second most will not want to sell you something.
a CPA does taxes, and a real esate will just help you buy real estate.
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correct
You are correct KMF3.
He will have to be disciplined to look for only people who want to teach him. He's going to have to say no to some people.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@TerriVess Oh please I’d love that. Thanks!.
@@Lourd-Bab Clementina Abate Russo is her name.
Lookup with her name on the webpage.
This guy is going to blow it… I feel so bad for this guy and lived through it all
He has no career goals. That's the crazy part
@@grod805 Getting half of your face blown off might limit your career options. Did you ever think about that?
@@grod805 He shouldn't have to work ever again.
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Buy some counseling for going through extreme trauma. Poor guy.
That should be part of the settlement if he has a decent lawyer.
I was thinking the same thing. I would need to physically and mentally recover to be strategic with this new life
@@ggwoman Probably not, they will pay his medical and that is all. Once that check is cut, they forget your name.
Wow Brandon I hope u regain your eye sight I'm soo sorry ... prayers sent to you❤🙏
Man these settlement stories are so sad. I know a girl who can't walk anymore from an accident and she got a settlement. Really sad
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Just buy no cost index fund park the money in that snd reap all the rewards.
He can invest some into index funds but not all of it. He needs to diversify his investments but he also needs to get something to do in his life. That money is to help him live not to party on.
If he has any psychological impact from the accident he needs to address that. He probably should spend about $200000 on his health.
Nice advise Dave!
You just need Google and common sense. Don't waste money paying people for basic advise. Pay off your debt. Buy a house. Put money aside for retirement and live an easy life. The accident was enough trauma for one lifetime ...Time to chill!
After taxes, its not enough to chill
@@KRITORISS Most insurance settlements are exempt from taxes.
@@alinatamashevich3354 good to know!!
@@KRITORISS But never fear, the attorney get his cut off the top!
Keep em coming dave and the crew, great great great content i love you guys✅✅✅
Get well soon Bro🙏🙏
I don't know why he is calling, his wife and step daughters already spent the money before he gets it.
Lol
Lol !!🤣
God bless you Brandon ❤ heal up
No expert, but I think a great tax attorney and respected financial planner would be a good place to start. Make sure the financial planner is with a reputable firm. Stay away from the solo planners that are on their own and not associated with a good firm.
Basically stay away from a lot of Smartvestor Pros lol
@@AxcelGamer97 I would put my money with a firm that has a lot of checks and balances and auditing. Nothing is guaranteed, but risk reduction is the way I would go. Check your account regularly too.
@@Chris-tg3qy Absolutely!
I don't understand why Dave is telling him to continue working after he receives $5m. That is more than enough to live a very good lifestyle for the rest of your life without ever having to work again.
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People who don’t work with large amounts of money, especially ones who haven’t worked for it, end up in tragic circumstances majority of the time.
He is married to a baby mama, hope she cares about him or she might be taking half of it.
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Some personal advice needed: I know that Dave doesn’t recommend this, but would it be OK to invest only in a cheap index tracker fund for, say the biggest 100 companies, instead of managed funds? To be honest, I want something easy, cheap, and hands-off, but also safe and lucrative. I would find anything else too stressful.
Ouch!!! Poor guy!
$5mil is fine for me. I wouldn't work a grind for 25 years just to look over and see that's it's become $40mil. That's not exciting to me. I would follow my interests immediately. Interests that probably don't pay well or pay at all, but who cares? I know they could be supported forever on $5mil.
Yep chasing after more money will probably not make a huge impact due to diminishing returns. Who is excited about tens of millions at age 65 lol. A few millions can get you a lot further when you still have the body to do stuff with it. Who wants to be the richest guy in the graveyard ?
Fact
I feel the same!
agree, you are just young once, and you have to wait many years to have more milions, this advice from Dave sounds greedy to me
Why does Dave never mention inheriting a money should be a secret. Statistically this could ruin his life more than the accident if he and his wife aren't wise with it, and keep it quiet. Don't give your family and friends reason to use and resent you.
Easy, buy some property and invest. You will never go broke. It's simple. Don't buy dumb stuff. Don't walk around saying you worked hard blah blah blah. Don't buy politicians. Use the money to escape the system.
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Take 500k and pay off any bills, set aside an emergency fund, buy a house cash and possibly get a car. Invest the rest!
𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒄̧𝒓𝒚𝒑𝒕𝒐𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒘𝒊𝒕𝒉 𝒎𝒚 𝑨𝒅𝒎𝒊𝒏𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆
𝑻𝒆𝒙𝒕 𝐡𝐢𝐦 𝒐𝒏 ω𝒉𝒂𝒕𝒔𝒂𝒑𝒑 𝒕𝒐 𝒈𝒖𝒊𝒅𝒆 𝒚𝒐𝒖 𝒕𝒉𝒓𝒐𝒖𝒈𝒉...
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
His face was degloved? That's utterly horrifying, hope he recovers.
Oh yea degloving injuries are horrific.
@@saulgoodman2018 thank you for that PSA!
@@saulgoodman2018 oh man, what a mistake lol
@@saulgoodman2018 went ahead and did google search and yes 5mil is too little money
@@sergiopolanco5126 Agreed! needs to be twice that
Before you spend, make sure it's actually deposited to your account.
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I’d invest 100k in AMC out of that and make much more off of the investment🚀 that’s not betting the farm, but has great upside
Poor guy I hope the best for ya
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Good luck Bradon
𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒄̧𝒓𝒚𝒑𝒕𝒐𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒘𝒊𝒕𝒉 𝒎𝒚 𝑨𝒅𝒎𝒊𝒏𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
"How can I contribute" doesn't really motivate me.
"How can I serve other people (or help other people)" feels more motivating for me.
Maybe splitting hairs/ semantics.
😂🤣…Dave definitely took a page out of John Delony’s book. He’s so sympathetic today.
@Jumbo Jones hehe yeah he is. The kind that’s tough but will make you rich!
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It's like a sacrifice for something good 💔
It's like you have to loose something in order to gain something 💔
Sometimes
I pray for him to heal
Even though he loss one eye 💔
That was a quick turnaround for cash! Don't invest with the Dave Ramsey "advisors".
“I could help take some of that off your hands”...EVERYONE
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I'm curious to know what model of car it is now i'm nervous hahaha
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Dave really has awful advice. Basically he just said "hire somebody to tell you what to do". He is calling to ask YOU, not to ask for a referral
well dave isnt his financial advisor. its pretty reasonable to suggest hiring an expert. in reality though, he could just throw it all in an S&P500 index fund with a super low fee and be just fine. simple, worry free and lowish risk.
He better watch out for the lawyer... He may pull one over on him.. There sounds a lot a lot of inconsistencies and things that are unsure ?
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Dude buy a forever home in cash and then just live off of 80k a year and never have to work again
Perfect example why Dave has 250M and you do not.
I'd agree with buying a home cash but he needs to invest and can easily live off $100k a year from interest in his mid 50s should have well over 12 million.
Never working again is not as good as it sounds. 🙁
@@briannacc3983 I’m just saying he has the option lol. I’m not saying it’s what I would do
Sounds like the most tempting option to me. I understand “but you could invest and have more” but if you could have everything ever needed, why not take that?
Wow, very relatable content right here with that title!
Waiting for the smartvestor pro shilling…
Poor guy, I feel sorry for him. I would rather have my health any day.
donate it
I'll tell you what to do with it. 145 calls on AMC expiring this Friday
🚀🚀🚀
What kind of car was it? Probably Ford or GM, terrible engineering and manufacturing.
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I'll take it! I already have plans
*inserts sharingan in right eye socket*
*Kamui intensifies*
Mangekyou Sharingan
Invest the money for 25-30yrs and live like no else bro. He could do whatever he wanted.
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This may seem cruel to ask but is the wifey gonna stay with you after the settlement or take half of the money and bail out with a divorce?
Stats say NO!
My first thought was her having a spending spree. I really hope they can both be smart about it. Could be a generational game changer.
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Stop with the negative scenario's 🙄 and generalizing every woman
@@aduhaduh4426 The stats and facts do not lie. Hypergamy is a fact of life.
"A 65 year old with $60 or $40 million sounds way more exciting than a 38year old with $5million. Wow great advice.
Dave should elaborate upon that sometime.
I wouldnt have any idea what to do with 40 million versus 5 million.
GOD Bless! 🙏🏿🙏🏿🙏🏿
He just shouldn’t simp away his money
He already broke that rule.
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I'd put it all in VOO
is his wife eligible for 1/2 when they get divorced?
its not earned income..... curious
𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒄̧𝒓𝒚𝒑𝒕𝒐𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒘𝒊𝒕𝒉 𝒎𝒚 𝑨𝒅𝒎𝒊𝒏𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
I just dont see how paying CASH for real estate is ever a good idea with these low interest rates.. Why not put the 25% down and invest the CASH to get higher yields and/or buy MORE real estate on the banks money....
Let's go brandon!
Be very carful on who you hire to handle your money ,the best advice on investing hire a big company that can cover any one that scams you ! Do home work !
Wish all the best for him
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Anyone asking has already lost it.
Dave !!! where do you get your shirts from??? Nice shirts!
Hello I’m Jeff Bezo with the net worth of 196.9 billion USD but I’m not sure what I should do with the money?
@Richard Schiffman Hopefully all goes well for them. Very, very well.
You and your family need to live on beans and rice and save until you're worth 200 billion. Also sell the mega yacht and the smaller support yacht.
@@NomastiAfricanWarlord lol
Give half to exwife.
before anything get with doctors and see what lifetime care is... pay off all your debt then 60% of the rest and dedicate it to retirement and other ira style investing. with the rest buy a home fund emergency and figure it out SLOWLY very very SLOWLY..
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Dave is so sweet
𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒄̧𝒓𝒚𝒑𝒕𝒐𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒘𝒊𝒕𝒉 𝒎𝒚 𝑨𝒅𝒎𝒊𝒏𝒔𝒕𝒓𝒂𝒕𝒊𝒗𝒆
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9*
30 with a 14 year old stepdaughter? So wife got pregnant at 16 what a mess. Anyway all he needs to do is throw all the money in a high yield savings account with 3% interest and he will get about 16-20k a month.
I'll keep my eye, thank you:-)
Pay off debt and buy real estate and invest and live simple life
Wow this is so traumatic and terrifying to suddenly have this much money. I hope he doesn’t take advantage of or blow it emotionally.
No. The injury is traumatic
@@grod805 bad english. I meant the injury is traumatic and the money is terrifying.
When u dream of having $5 million it is not this way. I wouldn’t want the $5 million like this but now that he has it I would just invest it and retire living off th income it creates. It should be making him between 350k-500k a yea 7-10%. Your not gonna spend 350k in a year ( at least u shouldn’t unless your buying a house), so then I decide a generous amount to live on each year that is under 350k and just keep investing the rest. This he can be retired and do what ever he wants to do
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What an awesome financial problem to have, but a horrible personal experience to go through. He should keep some to pay for the ongoing expenses now and invest the rest so it can continue paying for the long term expenses. Keep in mind that almost half of this money will go to taxes and then even more for attorney fees, etc.
The important thing is to treat this money as money for taking care of the injury and the resulting, future expenses as a result of it. He shouldn't plan for it be be used for the lifestyle he had before the accident. The initial, medical expense is not the only expense. He shouldn't assume that he now has money to take care of other people and pay for other expenses in his life until he knows that the money he gets from investing the $2.5million is enough. This injury affects his ability to work, hence future income, but that won't stop family and friends from asking for a cut.
The amount of money people could save or acquire, if they tell themselves daily "I don't need money." Hope he has that mindset, after he buys a home.
What's the point of hoarding all of that money if he's gonna be too old to enjoy it? If he's had this much damage to his body now the complications are only going to get worse. I'd be enjoying life while he still has the chance to.
Naa, she is going to divorce him and take half of it. And he will have to pay child support for kids that are not even his
Sorry life hasn’t worked out for you to only think the worst.
@@HamiltonRb be real, there is a gig chance that actually something like that could happen.
@@HamiltonRb The numbers and stats do not lie, and you are not the exception you think you are. Google Alex Harvill,
@@alinatamashevich3354 What does a daredevil dying in an accident have to do with getting married?
@@HamiltonRb Simple, stats and odds. They do not lie.