We put 90% of the money we saved into our mortgage until it was paid off. Got the house paid off in 12 years and we are making epic progress now putting extra money into our retirement accounts. I know it's not what Dave reccomends, but it's what we felt comfortable with.
Doesn’t matter what career I enjoy my job now. If they are not willing to reduce my hrs to 30 so I can have health insurance I will look for a new job that will. I will have plenty of options with a paid off home and do something I like and more me time.
@@carlostosado8965 Start a side business that you enjoy. I’m slowly doing something I enjoy and making money. I started in March. I’ve made an extra 6,000 profit. If I can get that to 6,000 a month I can quit my day job and do something I love.
@@musicpro7278 He said 15% into retirement fund in early years. There’s 85% left so don’t see the problem. That 15% amount into retirement should be automatically done and not even noticed or included for 40yrs or more. In the mean time you have 85%. For me that’s over $80k/yr take home pay. I also started saving early and investing in 10th grade and years ahead financially before 30. You could have done both like I have instead of dreaming and complaining now. I still lived my life traveling the world and whatnot with zero debt in my 20s,30s, and 40s and now retired at 50.
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.
My gf and I have $2000 a month left over after everything is paid, money put into saving and money into a mutual fund….so not sure what to do with the extra
This is easier when you have the knowledge, it will be advisable for you to always have your investment with an expert and a reliable one to avoid regrets.
My partner and I have the same disagreement. What’s the point of having 15 grand in a banking account when you have 15 grand in debt. (Excluding retirement savings)
I would put $25K aside and pull out as needed for a vehicle. I agree on paying cash for cars, but Dave rarely mentions preparing for car replacement. 🚗
If you think you have a problem with an extra $43k? Imagine Gates, Zuckerberg or Bezos. Now that’s what you call extra money. $43k is not a lot $3k for emergency is not a lot. A roofing, plumbing, electrical problem can add up. What if you had to rely on one salary? Buy a new vehicle. It’s always good to be liquid.
Dividend growth investing. Let your money compound on itself and build wealth and in their case they can prob invest alot every month and retire fairly quickly
If you really wanna pay off that house, you get there faster taking what you’d overpay on your mortgage and investing. And then when when you get enough to pay off the house, you take it out and pay it off. Dave’s math is wrong.
We have two homes. One is paid off and the 2nd has a mortgage. We can pay off the house with the mortgage and still have plenty for retirement. Should we do that now? I’m concerned about the dollar tanking and putting my money elsewhere like hard assets.
We put 90% of the money we saved into our mortgage until it was paid off. Got the house paid off in 12 years and we are making epic progress now putting extra money into our retirement accounts. I know it's not what Dave reccomends, but it's what we felt comfortable with.
If you are debit free, then that IS the plan! Congrats!
Just don’t send it to the scammers in the comments section claiming their investing expert has gotten them amazing returns. 🤣
Buzzkill Brendan!
Wait …..what?……scammers ?…..they are scammers?……….but the offer sounded too good to be true.
Just don't give it to that prince in Nigeria.
He is a good man! I send him money every weekend and he says that he will reward me greatly!
Lol I just got that message in my inbox yesterday for the first time in years
@@ryugurena3327 lol
I can't wait until he gets access to his money to repay me.🤣🤣🤣
@@joshuaallen4739 it will be ASAP
When my house Is payed off in 10 yrs. I’m going to reduce my hrs of working for some one and enjoy extra time to my self and family.
What career?
Doesn’t matter what career I enjoy my job now. If they are not willing to reduce my hrs to 30 so I can have health insurance I will look for a new job that will. I will have plenty of options with a paid off home and do something I like and more me time.
Absolutely 👌
@@carlostosado8965 Start a side business that you enjoy. I’m slowly doing something I enjoy and making money. I started in March. I’ve made an extra 6,000 profit. If I can get that to 6,000 a month I can quit my day job and do something I love.
You still have bills to pay so I hope your investments can cover your salary
Short answer: invest.
Edit: Correction. Save and Invest.
My wife and I retired early (+$100K/yr pension)
with Lifetime family healthcare for 20 years of service.
no investment
I really enjoyed listening to Christy’s advice during this segment
If caller needed advice about starting a business or job related, surely she would have jumped in. But caller wants to be a stay at home mom.
🤣😂😅
Lol! I was literally listening waiting for what she had to say because I saw your comment before watching the vid. 😂
LOL.
😂😂😂😂
Mortgage is debt. It ain’t over yet.
I like a hybrid, both pay towards the principal of your house AND invest.
Sounds like she needs to refinance to a 15 year mortgage. Her situation is similar to my own, and that along with rebudgeting resolved the issue.
You’re not out of debt if you still have a mortgage. You’re just further along than others.
Not as further like your hairline
@@ErrorPagenotFound-ig1cy GHEEEZZZZ 😭😭😭😭 IM WEAZIN
@@ErrorPagenotFound-ig1cy “Yeah my hairline faded but my bank account will roast you” - Logic
@@BrandonMinguez if you are really smart at money u should know ANY investment will out earn the stupid low mortgage rate now
@@KW-fx9ww Get that house paid off as quickly as possible, then you can invest more.
Buy AMC. Make sure the price has already doubled that same day for maximum profit
Dave's philosophy needs to be updated. Big time
If you have a house payment when you retire, you did it wrong.
Or you got divorced☺
@@miriambertram2448 Or you have a really nice house/property
Not if you planned and your income covers the payment.
@@miriambertram2448 which is doing it wrong
@@kartboarder22g17 No house is nice enough to go into retirement with a mortgage. Mortgage free at 38 and hopefully never going back.
More investing and more charity!
Caller: "What should we do with the extra money once we're out of debt?"
Dave: "Sell the car."
If you put 15% into your retirement fund in your early years of working you will be a millionaire at retirement
I dont want to be a millionaire at retirement I want to be a millionaire now
@@musicpro7278 exactly my man.
@@musicpro7278 gme
@@AustinWirl I'm also not a retarde I only invest in stocks that are 100% gonna go up now just cause of hype
@@musicpro7278
He said 15% into retirement fund in early years. There’s 85% left so don’t see the problem.
That 15% amount into retirement should be automatically done and not even noticed or included for 40yrs or more.
In the mean time you have 85%.
For me that’s over $80k/yr take home pay.
I also started saving early and investing in 10th grade and years ahead financially before 30.
You could have done both like I have instead of dreaming and complaining now.
I still lived my life traveling the world and whatnot with zero debt in my 20s,30s, and 40s and now retired at 50.
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.
@@patrickhenandez Oh please I’d love that. Thanks!.
@@Lourd-Bab Clementina Abate Russo is her name.
Lookup with her name on the webpage.
Husband is right. I would invest it, especially if they have a fair amount of time before retirement
My gf and I have $2000 a month left over after everything is paid, money put into saving and money into a mutual fund….so not sure what to do with the extra
Totally would of just bought the tacoma 🤪
Any woman wanting a Tacoma is a boss! You go sis!
Dave needs to read up on modern investing principals. His advice is always terrible when it comes to investing
Throw it in amc 🚀
sold my AMC at 13.... with a loss.. im done with stocks coins ADA ftw :P
@@madsfakse Don't give up!
AMC to the moon!!!!!
im loving this channel!
Pay off the house! Nothing is bettee feeling then that it provides so much freedom.
I can appreciate that, but the feeling of freedom is an emotion. Investing to generate a return that exceeds the mortgage payment is logic.
I have been watching your videos and I was thinking about investing, but still don't know where to start from, any recommendation?
This is easier when you have the knowledge, it will
be advisable for you to always have your investment with an expert and a reliable one to avoid regrets.
That's right sir.
I’ll know exactly what to do with it!!
Only thing is, its not YOUR money.
@A. GZN I meant with my own money when ever I am as lucky. 😂
@@ErrorPagenotFound-ig1cy Fefails always thinking money that does not belong to them, belongs to them. *sigh*
are there RRSPs and TFSA fully funded?
My partner and I have the same disagreement. What’s the point of having 15 grand in a banking account when you have 15 grand in debt. (Excluding retirement savings)
Emergency Fund... hospital dental car accident etc
I would put $25K aside and pull out as needed for a vehicle. I agree on paying cash for cars, but Dave rarely mentions preparing for car replacement. 🚗
Where are you from? Canada? Oh sorry, the Ramsey system doesn't convert to Canadian Dollars 😆😂🤣
She should be able to do her own math and have that all figured out. It’s her finances and her situation.
Go for SENS
Spend it. Yolo
Stahhhp
facts
@@gregoryking4796 Ron sthaapp
@@oswaldofigueroa529 😂😂 jersey shore?
More investing, maybe a little more spending, bigger tips and more giving to charities/Church
I stopped watching the vid and started specing that bad boy up 🙈
If you think you have a problem with an extra $43k?
Imagine Gates, Zuckerberg or Bezos. Now that’s what
you call extra money. $43k is not a lot $3k for emergency
is not a lot. A roofing, plumbing, electrical problem can
add up. What if you had to rely on one salary? Buy a
new vehicle. It’s always good to be liquid.
She said 30k for emergencies
Buy cashflowing assets.
What Should We Do With Extra Money Once We're Out Of Debt?
Give it to me ;)
Dividend growth investing. Let your money compound on itself and build wealth and in their case they can prob invest alot every month and retire fairly quickly
How can I get an advice on my financial situation
Throw it at your house
Okay, so I just threw a stack of 100s at my house. Now what?
Did you mean to pay the mortgage on my house?
🚀 take it to the 🌚
If you will live like no one else, later you can live like no one else.” Ramsey
Lump sum bonus….. get taxed at higher rate.
Pay your house
I would use half for kids college and invest the other half.
It’s his money...
Buy Gamestop!
I make sooo much less than everyone else, here. LOL
Why didn't he tell her she can only have a 2003 or older Toyota Tacoma?
If you really wanna pay off that house, you get there faster taking what you’d overpay on your mortgage and investing. And then when when you get enough to pay off the house, you take it out and pay it off. Dave’s math is wrong.
Short answer: stop talking like it’s your money. You don’t even work!
It's their money
she's buying the tacoma.
You don’t have enough in retirement. I would be panicking. Need to start investing quickly and she needs to work too.
My wife and I retired early (+$100K/yr pension)
with Lifetime family healthcare for 20 years of service.
Can someone help with advice: I’m 23 with 25k saved what should I invest in I have no debt
Buy SENS
Google Ben Felix and create a 5 factor portfolio or just put it on SPY or an etf of that nature.
Just put it into the s&p 500, qqq, vtsax and keep a little cash for emergency
We have two homes. One is paid off and the 2nd has a mortgage. We can pay off the house with the mortgage and still have plenty for retirement. Should we do that now? I’m concerned about the dollar tanking and putting my money elsewhere like hard assets.
If you know you have enough, you might as well do it.
Depends on your age....and do you rent it out and if so does it cover most of your mortgage?
Rent one out to pay the other mortgage.
We don’t rent them. Yet. I’m 52
She sounds like a keeper, I would marry her
Roth IRA bye
You aren't out of debt you still have a mortgage.
Dave does not think it is debt for some reason
@@sami-9233 it’s baby step 3b. After 3-5 month expense saving. Pay off mortgage then invest
Great Troy thanks
Cradle snatcher
These poor little minions of Dave. If she threw 70k into amc she would eventually make hundred of thousands in a few weeks.
Maybe
@@rogerhoward1900 lmbo. Maybe????? I made so much money this past week it’s ridiculous
Of course not, if you did that’s pure luck but it’s not a rational financial advice.
@@misslondon5102 lmbo. Not financial advice??? Ever heard of DD???
@@pitbullboxing5 how much did u lose this week
when the answer is no nobody needs to give a 20 minute excuse behind it.
I would lease your dream vehicle.
BUY AMC SHARES LOL 🤣🤝📽🎬🤑🚀💸🦍😎🤜🙏👏🤔
😎👌🖖✌👍😁
Dont listen to this clown buy amc
First