I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
“Lucinda Margaret Crist” 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
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Type-shit scenario, I got north of 100k now and I got no where to dump bro. I got suggestions to try out real estate or the stock market with index funds and bonds but everything is jacked up right now.
I don’t see a problem fully invested into stocks as long as you know what the heck you're doing, ideally it's best you consider advisory services to avoid terrible mistakes.
Agreed, utilizing a fiduciary advisor did the trick for me in barely 5 years. I worked hard everyday as a teacher for 32 years and my salary was over 100k/yr, enough to get me fully invested. I'm semi-retired today with about $1m, and only work 7.5 hours weekly.
@@SlowrideHome91 Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
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
@@BrandonIvan-c6e 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.
I don't really believe people should invest in stocks without the aid of an expert. the market is so volaatile that you can get burnt by your feelings. pls make your reseach and consult with an expert to stay safe
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
One lesson I've learnt from millionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $70k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
This isn't the best place to ask if you're really serious, but I'd recommend either stocks or real estate. Just make sure you do proper research before making your picks especially if you choose stocks or get a good financial expert to do that for you, they're usually not that expensive and are safer than Propaganda or UA-cam-inspired investing. Started sometime last year and made my first million a few weeks back though I started off with way more. Goodluck!
Nice... I am in a similar situation... You mentioned using experts, if it Is not a problem, do you mind telling if you used one and how to get a good one? I look forward to you replying...
Yes, I used one, hard to keep up with the trends if that's not your primary job and I work a 9-5. I don't know if I am permitted to go into details here, but you should start by looking out for those from credible firms and good track records. You should also make sure the person is licensed. Mine is Michael, Allen Eckrich and you could also look him up though I'm not so sure he's taking on new people atm.
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. .
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
I have always saved and invested roughly 60% of my salary since I began working in 2009, I max out my 401(k), ira, and hsa accounts. I am 50 years old. I'll pass the $4 million threshold this month. I have a 100% investment in Vanguard ETFs and several blue chip equities. Avoiding debt and cutting expenses are my two money-saving secrets. I make passive investments with the help of Cynthia as my FA who manages my portfolio and makes sure I outperform the market.
A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800.
@@DE-Burrows Who is the professional who is advising you , if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
If you want to be a millionaire, have the mindset of the rich, spend less and invest efficiently with guidance. more don't give up your dreams, I pray that whoever likes and reads this will be successful. Let's hustle to financial independence!
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. Do you know any?
@@elizabethantonaccio3835 Oh wow😮… This is incredible. I listen to her podcasts sometimes and I have learnt lots of strategies thereso, what is the experience like?
@@amiracentenososa3847 can’t disclose too much , but yea I’ve been using a coach since November 2020, growing my portfolio from $175k to $600k approx. It is pretty straightforward, not as complicated as it used to be.
Good for them. Paid off home, contributing to retirement fund and college fund for the kids, plenty in savings to erase their debt, ready to just build up that best egg. 120k household income isn't that high for San Diego, they're being careful.
Lately I've been considering setting up an investment account for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guidelines.
@@geraldvolkovfoley3479 if you want to be a millionaire, have the mindset of the rich, spend less and invest efficiently with guidance of an investment coach. more don't give up your dreams.
@@carolinekellysarin3282 I agree with this, Investment coaching sounds like a great idea, thought about it before but never knew how to go about it, Have you used a coach? what is the experience like?
@@teppertimmy1069 can’t disclose too much , but yea I’ve been using a coach since March 2020, growing my portfolio from $275k to $700k approx. It is pretty straightforward, not as complicated as it used to be.
@@carolinekellysarin3282 That’s impressive! How could someone go about getting investment guidance from a coach like that. Would you mind sharing your coach's Info?
Dave sounded so bored with this call, shaking my head. I miss the old Dave where he would be fired up with these kind of calls and he scream “you did it!!! “Come on Dave!
To be fair, I would be too. Some people just call for approval. When it comes to questions like this, if you're serious about it, you go to a financial advisor who will give you tailored advice. Dave Ramsey is tailored for the general public.
Well, he's getting sued left and right ...so that is probably the reason, unfortunately, for him, there's nobody to blame but himself for the lawsuits unless he was just given bad advice by his lawyers which I highly doubt
@@kara2162 He was gearing up for retiring a few years ago. That’s why they started bringing Rachel on the show at first. But Rachel couldn’t really keep the audience engaged by herself so that’s why we have all the other men on the show now. It’s a shame Chris left but I’m unsure why Dave hasn’t left yet. He was taking long vacations and touring at one point but now I’m unsure what’s next for this show. But Dave is def either bored or tired.
They might live below their means. Me and my husband do NOT live in Cali however we live at about 60% of our income and after we are done paying off debt we will be able to save the rest. That means we could save over $40k a year. Over several years 100k savings is certainly possible.
Wow congrats! My goal to reach 50 before my 24th birthday, but I'm short of 6gran. Plan to deliver a lot of pizzas this summer on weekends (lol not kidding) :)
I think that’s great! Most people aren’t willing to do “side hustles” even if it means more money all because they wanna “relax.” That’s awesome you’re willing to grind it out 💪 Sorry but if someone is broke or in debt, there shouldn’t be any downtime. In fact, if someone is broke or in debt, their weekends should be the furthest thing from relaxing.
Kudos to her for being like "I have a ton of money, what do I do?" It's never a bad idea to get some expert advice to get a good idea of what to do with it
All my debt was paid off and I genuinely had no idea what to do with my money. I was so used to "end of the month to the end of the day" with my money, I was just weirded out with seeing around double my netto salary in the bank. This call makes very much sense.
I welcome this problem into my life, what to do with $100k savings? 🤔 Great job and they discovered Dave this family will build wealth even faster👏🏾👏🏾👏🏾
i know some people are in such a broke desperate situation they are considering under the table illegal work...its pretty bad ..alot of people have no idea whats going on.
@@maxwelljoshua7804 yes it does when you have something with you. When your broke you get upset but when money comes into your account you have this special smile
I’m from Algeria (North Africa ) , Life is hard here especially as a middle class in this 3rd world country ,my father has around 350k dollars saved ,and despite the difficulty of our life he never thinks of investing that money or doing something with it but only relies on his normal average salary .. I wanna know what is the best way of using 350k dollars ?? Enlighten me please ?
A good mutual fund. Past performance does not guaranty future results... but long term good mutual funds grow. I have a mutual fund account that got lost. When found it was a mere $350. In 18 years it has grown to $5500. Just monitoring it and keeping track using it as a comparison to other investments. It's gone down a couple of times, but it has overall trended up.
San Diego is a broad general area with plenty of cheap areas that are undesirable. She could have bought back in 08-09 too, which would make more sense.
Point taken but she does have 120k household income, 6 k emergency fund, college accounts, paid off house - you are correct only 88k and not 100k. feel better:)
i saved 150k i put 100k into a term deposit at the highest interest rate, i’m only 19 i don’t know what to do, my term deposit is only 6 months but i think it may be a waste of time because i’m in the highest income tax bracket and have the highest PIR in nz , i was thinking about starting some dividend investments across different dividend kings but im not sure. any advice??
aaah invest the money, don’t piss it away . your young and time is your favor …. so is the 12 k on your car … money is more valuable than debt, especially if u have little debt
I’m guessing a windfall/inheritance she didn’t mention. I do not believe they paid for their SD home on 120k with two kids and saved 100g plus other savings accounts. If they’re that good with their own money, she wouldn’t be calling nor would she owe 12g on a car. In any case, good or them!
Get yourself some FSELX, and broadly ride that Ai wave, while not being as volatile as a single stock. Or get some FXAIX if you just want to follow the S&P 500 with good growth. Or FBGRX for a little more aggressive blue chip growth fund. Remember to set them to reinvest the dividends so it keeps the snowball growing.
What a joke. He's just belittling that woman. He didnt even bother to ask what their APR was on the car. "Nope pay it off, now you got 88k. Nope youre gonna pay your kids tuition. Now you got 60k. Blah blah blah." What if her APR on the car loan is some crazy low 2% or something? Why should she be in a hurry to burn through her capital when she could invest it and make 5-12%? But he didnt even ask. She was calling to find out how to make money off her sizable capital, not immediately lose it all for nothing. I hope this woman went and found a good financial advisor and told this clown to shove it off air. College fund? Ha! Tell those kids to get off their lazy butts and find some scholarships!
@HD-um6yw no need for personal accusations. You know nothing about me. Dont read too much into my whimsical comment on kids getting off their lazy butts. But the fact is, the economy, culture, and workforce arent as straightforward as they were back in your day. Unless youre going for a specialized degree such, as science (particularly engineering), law, or medicine, college is practically useless. Some would even say a scam these days. The reality is though that not everyone is cut out for those professions. So why spend thousands or tens of thousands and several years on a basic degree just to get a low paying job that will take a further several years of work just to make up the cost of the education? There are plenty of high paying careers these days, even technical ones, that dont require a formal education. Maybe a certificate to get your foot in the door. Im not being selfish in suggesting that if a kid shows aptitude and has interest in a higher education, he should have to work for it a little and not just rely on mommy and daddy to buy his way through life. Definitely having some money set aside to help give your kids a headstart is a great thing to do. But my point here is that Ramsey is telling this woman what to do without considering any other factors. Even after she says that they do have a seperate savings for their kids college fund, his attitude is kind of like "well thats not good enough, you need to dump 10k more in there." This guy is a degrading arsehole is really all i was getting at.
Why mutual funds tho? I'm not paying anybody to put my money in their portfolio just for them to make bad calls which actually eats your gains (if any lol) in combination with high fees . I rather park my money into ETFs/pick my own securities
It's just outdated advice. He started investing back before ETFs were common and now has so much money from his show and real estate that he doesn't care about the fees.
Most folks who call in are terrible with finances, so having someone guide them into investing would be welcome to most. Plus, I'm sure the Ramsey team gets paid by their Investor Pros for being on their website.
@@annajones9701 85+% of all mutual funds under perform compared to index funds, and the added fees compound on that under performance. Investing in mutual funds is still a good idea, but index funds as a whole are better. You do you, as the saying goes. Personally, I do both, mainly because I just learned about index funds and I'm too lazy/hesitant to move my mutual fund $ into index funds.
Leverage some debt and buy rentals. 100k is a great start to begin investing in Real Estate. As the years go by, leverage more debt with the money you have in equity and create a decent sized portfolio.
That's all that was. House paid for, and household income is about 120K and you have 100K saved. Please miss me with your fake problems or worries. LOL.
Wow, congrats to that lady! Saving up to $100k isn't an easy thing to do, especially since she has two kids! I'd take out $20k and put that into Stocks and Crypto's. I'd still be working full time if I was her, considering that $100k isn't enough to retire on these day. At least that's living financially independently.
Wow these calls just amaze me sometimes!! She has $100k and has no idea 🤷♀️ what to do with it ??!! She still has $12k owing on her car !! Pay that off duh 🙄!! Like Dave says she needs an emergency fully funded which she doesn’t seem to have and the rest put to retirement or savings !! Duh 🙄 !! This is not rocket science people !!
I like some if this advice. Maxing out your 401k is a good start. This is way too conservative for investing. You don't need to pay cash for everything. It is okay to finance and have positive cash flow. There are more investments than real estate and mutual funds. Overall so conservative that they will not be able to grow their cash pile very much.
The only one that says the money doesn’t buy happiness are the broke people ,money buys happiness I never see anybody that has money gram because he needs to be lights gas bills etc.😂😂😂
Why Ramsey always recommend investing in Mutual Fund , we pay heavy MER on mutual funds an Fees why Consistency paid Dividend stocks not in his recommended list
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” 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
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.
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Credits goes to Vivian Jean Wilhelm one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thanks for the lead
Type-shit scenario, I got north of 100k now and I got no where to dump bro. I got suggestions to try out real estate or the stock market with index funds and bonds but everything is jacked up right now.
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased.
I don’t see a problem fully invested into stocks as long as you know what the heck you're doing, ideally it's best you consider advisory services to avoid terrible mistakes.
Agreed, utilizing a fiduciary advisor did the trick for me in barely 5 years. I worked hard everyday as a teacher for 32 years and my salary was over 100k/yr, enough to get me fully invested. I'm semi-retired today with about $1m, and only work 7.5 hours weekly.
@@SlowrideHome91 Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
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
@@BrandonIvan-c6e 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.
@@Donnafrank-k6e Oh please I’d love that. Thanks!
@@BrandonIvan-c6e Clementina Abate Russo is her name
Lookup with her name on the webpage.
I just saved up $100,000 this last quarter, and i plan to invest in the stock market and maybe around 10% in bitcoin
I don't really believe people should invest in stocks without the aid of an expert. the market is so volaatile that you can get burnt by your feelings. pls make your reseach and consult with an expert to stay safe
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
Pls how can I reach this advisor? i really need someone to help me manage my investment portfolio
Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
One lesson I've learnt from millionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $70k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
Well, if you are looking for a good one I would recommend Marissa Lynn Babula. I'm sure there are also a lot others who know what they are doing.
Thank you very much for this recommendation. I'll send her an email and I hope I'm able to get in touch with her.
I have save up 130k but dont know what to do. I am really thinking a lot .
This isn't the best place to ask if you're really serious, but I'd recommend either stocks or real estate. Just make sure you do proper research before making your picks especially if you choose stocks or get a good financial expert to do that for you, they're usually not that expensive and are safer than Propaganda or UA-cam-inspired investing. Started sometime last year and made my first million a few weeks back though I started off with way more. Goodluck!
Nice... I am in a similar situation... You mentioned using experts, if it Is not a problem, do you mind telling if you used one and how to get a good one? I look forward to you replying...
Yes, I used one, hard to keep up with the trends if that's not your primary job and I work a 9-5. I don't know if I am permitted to go into details here, but you should start by looking out for those from credible firms and good track records. You should also make sure the person is licensed. Mine is Michael, Allen Eckrich and you could also look him up though I'm not so sure he's taking on new people atm.
put it in crypto
@@dannywalters958 Small world. He was at our country club in Dallas few weeks ago
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. .
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
I have always saved and invested roughly 60% of my salary since I began working in 2009, I max out my 401(k), ira, and hsa accounts. I am 50 years old. I'll pass the $4 million threshold this month. I have a 100% investment in Vanguard ETFs and several blue chip equities. Avoiding debt and cutting expenses are my two money-saving secrets. I make passive investments with the help of Cynthia as my FA who manages my portfolio and makes sure I outperform the market.
A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800.
@@DE-Burrows Who is the professional who is advising you , if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
If you want to be a millionaire, have the mindset of the rich, spend less and invest efficiently with guidance. more don't give up your dreams, I pray that whoever likes and reads this will be successful. Let's hustle to financial independence!
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. Do you know any?
@@edensisters9453 My coach is Lisa Jill Grenell and you can reach her online, just search her, her info are on the internet.
@@elizabethantonaccio3835
Oh wow😮… This is incredible. I listen to her podcasts sometimes and I have learnt lots of strategies thereso, what is the experience like?
@@amiracentenososa3847
can’t disclose too much , but yea I’ve been using a coach since November 2020, growing my portfolio from $175k to $600k approx. It is pretty straightforward, not as complicated as it used to be.
Let’s eat!
getting your first six figures is a big deal.... Congratulations !!!
Spammer and most hated
Just made my first six figures this weekend
And it is a amazing feeling I couldn’t breathe and it was all from sports betting
None of these guys have 6 figure bank accounts, all bots.
Good for them. Paid off home, contributing to retirement fund and college fund for the kids, plenty in savings to erase their debt, ready to just build up that best egg. 120k household income isn't that high for San Diego, they're being careful.
I’m eating rice and beans watching this. I’m on my way!
Lol I was just eating green beans, baked beans, and left over steak.
You're gonna spend all the money you save on health problems in 40 years
Just eat normal food like any other human being
And torillas huh? I found a mexican!!! Alert! Alert! Jk
@@BK-ks2sf beans are healthy
Investing is putting money to get more money back from the asset later. Speculating is looking at what the price is doing regardless of the business.
Lately I've been considering setting up an investment account for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guidelines.
@@geraldvolkovfoley3479 if you want to be a millionaire, have the mindset of the rich, spend less and invest efficiently with guidance of an investment coach. more don't give up your dreams.
@@carolinekellysarin3282 I agree with this, Investment coaching sounds like a great idea, thought about it before but never knew how to go about it, Have you used a coach? what is the experience like?
@@teppertimmy1069
can’t disclose too much , but yea I’ve been using a coach since March 2020, growing my portfolio from $275k to $700k approx. It is pretty straightforward, not as complicated as it used to be.
@@carolinekellysarin3282
That’s impressive! How could someone go about getting investment guidance from a coach like that. Would you mind sharing your coach's Info?
$24k is a year's worth of expenses for me. For that, I'm glad!
Right??? Live simple and have a high ceiling
About the same here.
Same.
I spend 20,000 in flights to get to work
2k for me
Dave sounded so bored with this call, shaking my head. I miss the old Dave where he would be fired up with these kind of calls and he scream “you did it!!! “Come on Dave!
He seems over it. He should quit before he reallly hates his job.
To be fair, I would be too. Some people just call for approval. When it comes to questions like this, if you're serious about it, you go to a financial advisor who will give you tailored advice. Dave Ramsey is tailored for the general public.
Well, he's getting sued left and right ...so that is probably the reason, unfortunately, for him, there's nobody to blame but himself for the lawsuits unless he was just given bad advice by his lawyers which I highly doubt
When you keep repeating the same script for every call for years, it gets old
@@kara2162 He was gearing up for retiring a few years ago. That’s why they started bringing Rachel on the show at first. But Rachel couldn’t really keep the audience engaged by herself so that’s why we have all the other men on the show now. It’s a shame Chris left but I’m unsure why Dave hasn’t left yet. He was taking long vacations and touring at one point but now I’m unsure what’s next for this show. But Dave is def either bored or tired.
On $120k a year in San Diego I would have liked to have known where she got the $100k in cash from and how did they pay off their home.
Exactly!!
Probably had roomates and put that to paying it down.
They might live below their means. Me and my husband do NOT live in Cali however we live at about 60% of our income and after we are done paying off debt we will be able to save the rest. That means we could save over $40k a year. Over several years 100k savings is certainly possible.
It does feel like they were given it, not that there's anything wrong with that.
Definatey some form of inheritance
Wow congrats! My goal to reach 50 before my 24th birthday, but I'm short of 6gran. Plan to deliver a lot of pizzas this summer on weekends (lol not kidding) :)
I think that’s great! Most people aren’t willing to do “side hustles” even if it means more money all because they wanna “relax.” That’s awesome you’re willing to grind it out 💪
Sorry but if someone is broke or in debt, there shouldn’t be any downtime. In fact, if someone is broke or in debt, their weekends should be the furthest thing from relaxing.
Howd u get to 44k delivering pizzas? Where else did your money come from? Just curious and maybe I can learn a thing or two
@@SC68170 I work in a medical office but there is no over time, and barely weekend shifts, so need to pick up a side hustle else where
@@Sophie3647s I just want to say congratulations.
Kudos to her for being like "I have a ton of money, what do I do?" It's never a bad idea to get some expert advice to get a good idea of what to do with it
This is a “problem” I would LOVE to have
This kind of information is EXACTLY!!! What I needed and had been looking for. This call is exactly my situation.
Awwwww poor you
Are u single?! 😹😸😻
@@frankrodriguezit no. I’m not
How did you get build wealth? I’m currently stuck, I admire individuals like you and willing to listen
@@procels real estate Sold my home.
Ya sure they have 100k in saving, paid for house in San Diego making $120k a year. Hogwash😂
You don't know what to do with the money? Pay off all debt and give the rest to me. I will take that burden away from you.😉
Talk to em Mike!
Can I get some to please
I like how you propose to pay debt first before giving the rest to you lol
$100,000. In California, it is milk money. It won't last long b 4 gone.
All my debt was paid off and I genuinely had no idea what to do with my money. I was so used to "end of the month to the end of the day" with my money, I was just weirded out with seeing around double my netto salary in the bank. This call makes very much sense.
After going from broke High schooler to joining the military and making enough money, nothing has changed I’m still the same person I was a yr ago.
Nice to hear
college funds? it's 2024 college is a joke
I welcome this problem into my life, what to do with $100k savings? 🤔 Great job and they discovered Dave this family will build wealth even faster👏🏾👏🏾👏🏾
Money doesn’t buy happiness, no money buys nothing.
i know some people are in such a broke desperate situation they are considering under the table illegal work...its pretty bad ..alot of people have no idea whats going on.
Money is just a tool for me.
Money is everything.
Money can buy us happiness
@@maxwelljoshua7804 yes it does when you have something with you. When your broke you get upset but when money comes into your account you have this special smile
That is easy for someone to say when they have never been poor.
I’m from Algeria (North Africa ) ,
Life is hard here especially as a middle class in this 3rd world country ,my father has around 350k dollars saved ,and despite the difficulty of our life he never thinks of investing that money or doing something with it but only relies on his normal average salary ..
I wanna know what is the best way of using 350k dollars ??
Enlighten me please ?
Is the S&P 500 a good mutual fund?
I wanna be lost in $100K🥺😩
I won’t be greedy. I’d be happy with $1000 🤣
So quit talking about it and do it.
A good mutual fund.
Past performance does not guaranty future results... but long term good mutual funds grow.
I have a mutual fund account that got lost. When found it was a mere $350. In 18 years it has grown to $5500. Just monitoring it and keeping track using it as a comparison to other investments.
It's gone down a couple of times, but it has overall trended up.
$120k income and paid off house in San Diego? Something doesn't add up.
San Diego is a broad general area with plenty of cheap areas that are undesirable. She could have bought back in 08-09 too, which would make more sense.
Sounds stupid that you think your lost at having hundred thousands dollars. I mean come on. Save it and leave it for your children.
If she has a $12K car loan, she's only got $88K saved. Uh... DUH!
Point taken but she does have 120k household income, 6 k emergency fund, college accounts, paid off house - you are correct only 88k and not 100k. feel better:)
Well, pretty much anything other than letting it sit around would be better
i saved 150k i put 100k into a term deposit at the highest interest rate, i’m only 19 i don’t know what to do, my term deposit is only 6 months but i think it may be a waste of time because i’m in the highest income tax bracket and have the highest PIR in nz , i was thinking about starting some dividend investments across different dividend kings but im not sure. any advice??
aaah invest the money, don’t piss it away . your young and time is your favor …. so is the 12 k on your car … money is more valuable than debt, especially if u have little debt
Why do I not believe her?
Because you're jealous
@@vicepresidentmikepence889 maybe. Or because she owes 12k on a car and sounds 23. Why would you owe on a car with 100k in liquidity?
I’m guessing a windfall/inheritance she didn’t mention. I do not believe they paid for their SD home on 120k with two kids and saved 100g plus other savings accounts. If they’re that good with their own money, she wouldn’t be calling nor would she owe 12g on a car. In any case, good or them!
@Johnny Five Yep. I live in CA. Prices are brutal in that area.
What's up Meat ???
It's a wonderfull guy to basically tell u that your 100k doesn't help you to built wealth,
Im 37 with 125k saved and a 250k mortgage. No clue what to do w it
Hopefully, it's at least in a high yield savings.
Get yourself some FSELX, and broadly ride that Ai wave, while not being as volatile as a single stock. Or get some FXAIX if you just want to follow the S&P 500 with good growth. Or FBGRX for a little more aggressive blue chip growth fund. Remember to set them to reinvest the dividends so it keeps the snowball growing.
Kudos to her
Deposit 100 k at 5.65% no risk high interest savings account and collec around 500$ amonth
You can send them to me I know what to do with em
What a joke. He's just belittling that woman. He didnt even bother to ask what their APR was on the car. "Nope pay it off, now you got 88k. Nope youre gonna pay your kids tuition. Now you got 60k. Blah blah blah." What if her APR on the car loan is some crazy low 2% or something? Why should she be in a hurry to burn through her capital when she could invest it and make 5-12%? But he didnt even ask. She was calling to find out how to make money off her sizable capital, not immediately lose it all for nothing. I hope this woman went and found a good financial advisor and told this clown to shove it off air. College fund? Ha! Tell those kids to get off their lazy butts and find some scholarships!
@HD-um6yw no need for personal accusations. You know nothing about me. Dont read too much into my whimsical comment on kids getting off their lazy butts. But the fact is, the economy, culture, and workforce arent as straightforward as they were back in your day. Unless youre going for a specialized degree such, as science (particularly engineering), law, or medicine, college is practically useless. Some would even say a scam these days. The reality is though that not everyone is cut out for those professions. So why spend thousands or tens of thousands and several years on a basic degree just to get a low paying job that will take a further several years of work just to make up the cost of the education? There are plenty of high paying careers these days, even technical ones, that dont require a formal education. Maybe a certificate to get your foot in the door. Im not being selfish in suggesting that if a kid shows aptitude and has interest in a higher education, he should have to work for it a little and not just rely on mommy and daddy to buy his way through life. Definitely having some money set aside to help give your kids a headstart is a great thing to do. But my point here is that Ramsey is telling this woman what to do without considering any other factors. Even after she says that they do have a seperate savings for their kids college fund, his attitude is kind of like "well thats not good enough, you need to dump 10k more in there." This guy is a degrading arsehole is really all i was getting at.
Invest or leave it in saving as emergency fund.
I made 140 K this weekend from sports betting and it is the best feeling ever however I feel just like her idk what to do
stocks or real estate
not easy man. I have the same issue.
Why mutual funds tho? I'm not paying anybody to put my money in their portfolio just for them to make bad calls which actually eats your gains (if any lol) in combination with high fees . I rather park my money into ETFs/pick my own securities
It's just outdated advice. He started investing back before ETFs were common and now has so much money from his show and real estate that he doesn't care about the fees.
I agree, i don’t do mutual anything.
Most folks who call in are terrible with finances, so having someone guide them into investing would be welcome to most. Plus, I'm sure the Ramsey team gets paid by their Investor Pros for being on their website.
Some mutual funds are far better, regardless of fees. Some have average 12-14% annual return after fees over 25 plus years. One fund I found had 15.6%
@@annajones9701 85+% of all mutual funds under perform compared to index funds, and the added fees compound on that under performance. Investing in mutual funds is still a good idea, but index funds as a whole are better. You do you, as the saying goes. Personally, I do both, mainly because I just learned about index funds and I'm too lazy/hesitant to move my mutual fund $ into index funds.
money wont buy you happiness but it will buy you a boat to sail ride up next to it.
Give me the 100k i know what to do with the 100k
Put the children up for adoption.😂
Pretty much you can’t do a thing with that money 😮 damn
How do you buy real estate mortgage free?😅
Dave Ramsey looks like an upset lesbian
Invest in an index fund
Dave prefers mutual funds 😂 he gets a comission.
Leverage some debt and buy rentals. 100k is a great start to begin investing in Real Estate. As the years go by, leverage more debt with the money you have in equity and create a decent sized portfolio.
low key flex
That's all that was. House paid for, and household income is about 120K and you have 100K saved. Please miss me with your fake problems or worries. LOL.
Better find a good use for it before inflation dwindles that down to nothing
You can double it if you put it on red.
Obviously black
From her hand to mine and she'd sleep better at night.
Put it on penny slots 🤑
Wrong. Triple.
Wow, congrats to that lady! Saving up to $100k isn't an easy thing to do, especially since she has two kids! I'd take out $20k and put that into Stocks and Crypto's. I'd still be working full time if I was her, considering that $100k isn't enough to retire on these day. At least that's living financially independently.
when I was new to this show, I didn't ask stupid questions like this.
Donate to the homeless in the streets.
Sell your home and donate it 😂
Homie said a whole lot of nothing
What Dave should have said would be to enter in slowly over the next 12-24 months and if we have a crash, then buy in fast.
Wow these calls just amaze me sometimes!! She has $100k and has no idea 🤷♀️ what to do with it ??!!
She still has $12k owing on her car !! Pay that off duh 🙄!!
Like Dave says she needs an emergency fully funded which she doesn’t seem to have and the rest put to retirement or savings !! Duh 🙄 !!
This is not rocket science people !!
If she has $100k in savings, she definitely has some sort of emergency fund. Unless her monthly burn rate is like $99999 per month....
What is the difference between retirement and savings?
It’s Saturday!
Lol
Vegas Baby!!!!
4/10 advice
I'm confused. Did he estimate 25k savings for 3-6 month of expenses? I know it's an estimate but isn't that extremely high?
Not in San Diego
@@badbeatbilly8997 paid for house...
it is, 10-15 k is more than enough to emergency fund
that's what I said; but I think he wasn't really thinking, just throwing out a number.
This call was just to flex lol
No.
Bingo.
A Good Quote, Talk less, do more.
I like some if this advice. Maxing out your 401k is a good start.
This is way too conservative for investing. You don't need to pay cash for everything. It is okay to finance and have positive cash flow. There are more investments than real estate and mutual funds. Overall so conservative that they will not be able to grow their cash pile very much.
I swear people are clueless with or without money smh
Clueless and slow 😑
Sad but true !!
It’s not rocket science !!
I’d rather consider Bitcoin than stocks, not a financial advice tho, research and compare yourself to see what’s the most outperforming asset
I know exactly what to do with it
Into a house
Is this an inheritance?
Im generous enough with the taxes i pay to social programs that this out of control government forces me to pay into
For some reasons 100 k doesnt sound like a lot of money. These days it is like 10k.
The only one that says the money doesn’t buy happiness are the broke people ,money buys happiness I never see anybody that has money gram because he needs to be lights gas bills etc.😂😂😂
All good. But actually, Dave missed part of baby step 7... Do something fun!
Mutual funds aren't going to grow your money fast enough. He should recommend starting a business to create tax write offs.
Why Ramsey always recommend investing in Mutual Fund , we pay heavy MER on mutual funds an Fees why Consistency paid Dividend stocks not in his recommended list
Money doesn’t buy happiness well neither is Being broke money money money money😂😂😂😂😅
Put it on tom brady
Donate it to me!
omg really
But she paid their house already.. that’s like 20 steps ahead..
What about if dont own a home and have the 100k in savings ?
What doesn't make sense about wealth, when you die you can't take it with you it becomes worthless for you.
Me: send it my account. The number is 123*****. 🤷🏾♂️🤣🤣
I don’t know what you are gonna do. But I do know, that don’t listen to this old man.
Why mutual funds? Index Funds are superior and have been proven.
Best way to build wealth is by subscribing to Dave Ramsey
I would say something, i understand his propagation is to be debt free, but america wouldnt be so big if it was debt free
*the American government wouldn’t be so big*
Wished they would have asked her more questions with this caller. It’s not adding up.
Exactly, I had a hard time believing her!
It added up very well. She just wanted to call in to hear herself talk. No problem here guys. Move along.
Now that is how you ask a question on a nationally-syndicated radio show.
I want to put 100k in hysa to buy an air conditioner