I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
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?
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.
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.
@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.
I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock mkt crash, Thanks to my advisor.
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
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.
I wish they taught investing at school level. There is so much advantage to doing this! My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@MichaelGabreil It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
@@ClemonSteve luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@MichaelGabreil I looked for the name online and found her page.I will get in touch with her,Thanks for the help I emailed and made inquiries. Thanks for the help
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
A number of individuals downplay the significance of advice until their own emotions become unbearable. A few summers ago, after a drawn-out divorce, I needed a big shove to stay afloat with my company. I located the most qualified adviser after searching for licensed advisors. Despite inflation, she has helped me grow my reserve from $275k to $850k.
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
Seeing my broker talked on UA-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
Her good strategies of making large amount weekly profits for her clients are totally outstanding. Investing my $1500 with doubt and withdrawing $12,300 with happiness. I ❤️ you Lucy.
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.
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.
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?
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.
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.
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
She thought it was a ton of money and once telling her baby steps to take. She became less ecstatic of what is left that she was interested into doing. 😂
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.
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.
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.
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 below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
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
@@lennoxmutterick6434 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 just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
The only investment is in real-estate,.even in real-estate now a day people still getting scammed from their property, even investment people still get scammed for all their retirement, no place is safe for investment anymore,,the best thing is saving your money, burried in your backyard..it's a safer place,, even your own bank, you still get scammed for every penny,, WTH....now a day...
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.
Per the video. Try paying off your mortgage if you don't have any credit cards or car payments. If you do. Pay it all off first. Then hit the remaining balance of mortgage to zero. Once you done that, save enough for rainy day account. If you still have some, then invest in mutual funds or buy some real estate to rent out to earn passive income. When you are beyond that and still have money laying around dump it in the stock market. There.. the whole baby steps on the video.
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.
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.
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 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.
If you can max out your 401k. You are a high earner. This video won't be helpful as you have too much money laying around or may already have an advisor.
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 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.
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’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 ?
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.
She start excited then start going downhill hearing that she needs to pay off her bills and expenses. Then realizing what she has left means not much left. She doesn't sounds to excited anymore and even moght not follow through as see what is left means depressing.
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.
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.
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??
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:)
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’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!
wow I wouldn't let my money sit around like that. I don't do more than $35K in cash sitting around. I don't even call it emergency fund, I don't expect emergency to happen. I believe God have prep a good future, emergency came from fear.
@@NoahLinebarrier yea and I have been extremely wise being debt free, having multiple buckets of investments, properties, making six figures, have plenty of extra cash in my savings. What are you trying to say?
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 !!
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.
I’m wondering, what’s the smartest thing to actually do with my savings Just keeping it in the bank doesn’t feel like it’s working hard enough for me.
I get that. With interest rates so low, money sitting in a savings account isn’t going to grow much. You might want to think about investing or setting up a plan that’ll give you more of a return
I’ve been in the same boat. I want my savings to actually do something, but I’m not sure where to start. I hear about stocks, bonds, real estate-so many options, it’s overwhelming.
That’s exactly why I talked to a financial planner, Nora Jean Erickson. She’s a Certified Financial Planner, and she helped me break it all down. Instead of feeling like I had to figure it all out on my own, she looked at my whole picture and recommended what made the most sense for my savings.
I’ve heard of her! Doesn’t she offer a free consultation? I could use some advice on how to balance risk and growth without overcomplicating things
Yes, she does. And she’s great at making it simple. My cousin met with her and ended up with a clear, easy-to-follow plan. It wasn’t about jumping into risky investments, but more about taking small steps to grow his money without stressing
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
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.
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.
@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.
I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds.
At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock mkt crash, Thanks to my advisor.
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.
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.
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!
I wish they taught investing at school level. There is so much advantage to doing this!
My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@MichaelGabreil It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
@@ClemonSteve luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@MichaelGabreil I looked for the name online and found her page.I will get in touch with her,Thanks for the help
I emailed and made inquiries. Thanks for the help
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
Please who’s this consultant ?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
A number of individuals downplay the significance of advice until their own emotions become unbearable. A few summers ago, after a drawn-out divorce, I needed a big shove to stay afloat with my company. I located the most qualified adviser after searching for licensed advisors. Despite inflation, she has helped me grow my reserve from $275k to $850k.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
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.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I invested $2,000 and the trade in one month making close to $20,000. I wonder where she got her analysis.
Seeing my broker talked on UA-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.
Her good strategies of making large amount weekly profits for her clients are totally outstanding. Investing my $1500 with doubt and withdrawing $12,300 with happiness. I ❤️ you Lucy.
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 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
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?
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.
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
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
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
She thought it was a ton of money and once telling her baby steps to take. She became less ecstatic of what is left that she was interested into doing. 😂
$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
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.
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.
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.
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
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 below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
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
@@lennoxmutterick6434 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.
@@caseycantrell-gh6fg Oh please I’d love that. Thanks!.
@@lennoxmutterick6434 Clementina Abate Russo is her name.
Lookup with her name on the webpage.
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
I'm surprised that this name is being mentioned here, I stumbled upon one of Veronica Hoy clients testimonies on CNBC news last week...
Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know Veronica Hoy? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
The only investment is in real-estate,.even in real-estate now a day people still getting scammed from their property, even investment people still get scammed for all their retirement, no place is safe for investment anymore,,the best thing is saving your money, burried in your backyard..it's a safer place,, even your own bank, you still get scammed for every penny,, WTH....now a day...
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.
This is a “problem” I would LOVE to have
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.
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.
Per the video. Try paying off your mortgage if you don't have any credit cards or car payments. If you do. Pay it all off first. Then hit the remaining balance of mortgage to zero. Once you done that, save enough for rainy day account. If you still have some, then invest in mutual funds or buy some real estate to rent out to earn passive income. When you are beyond that and still have money laying around dump it in the stock market. There.. the whole baby steps on the video.
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
What doesn't make sense about wealth, when you die you can't take it with you it becomes worthless for you.
$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.
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.
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.
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.
If you can max out your 401k. You are a high earner. This video won't be helpful as you have too much money laying around or may already have an advisor.
SAME. I came here looking to ask this exact question.
Better find a good use for it before inflation dwindles that down to nothing
Well, pretty much anything other than letting it sit around would be better
college funds? it's 2024 college is a joke
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 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.
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’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 ?
when I was new to this show, I didn't ask stupid questions like this.
For some reasons 100 k doesnt sound like a lot of money. These days it is like 10k.
$100,000. In California, it is milk money. It won't last long b 4 gone.
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 ?
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.
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! 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.
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.
Is the S&P 500 a good mutual fund?
She start excited then start going downhill hearing that she needs to pay off her bills and expenses. Then realizing what she has left means not much left. She doesn't sounds to excited anymore and even moght not follow through as see what is left means depressing.
Now that is how you ask a question on a nationally-syndicated radio show.
Deposit 100 k at 5.65% no risk high interest savings account and collec around 500$ amonth
Invest or leave it in saving as emergency fund.
money wont buy you happiness but it will buy you a boat to sail ride up next to it.
Invest in an index fund
Dave prefers mutual funds 😂 he gets a comission.
A Good Quote, Talk less, do more.
Nice position to be in. Well done Adrianna.
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.
I don’t know what you are gonna do. But I do know, that don’t listen to this old man.
Put it into ADA.
This girl has all the boxes checked for 120k a year. Pretty impressive 🧐
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.
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.
Mutual funds aren't going to grow your money fast enough. He should recommend starting a business to create tax write offs.
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??
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:)
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
Yep pay off the car, get your emergency fund, fully fund kids college, and invest more/spend more/give more with whatever is left.
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 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.
Im generous enough with the taxes i pay to social programs that this out of control government forces me to pay into
Put it on tom brady
I know exactly what to do with it
I swear people are clueless with or without money smh
Clueless and slow 😑
Sad but true !!
It’s not rocket science !!
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 ???
Ya sure they have 100k in saving, paid for house in San Diego making $120k a year. Hogwash😂
Best way to build wealth is by subscribing to Dave Ramsey
wow I wouldn't let my money sit around like that. I don't do more than $35K in cash sitting around. I don't even call it emergency fund, I don't expect emergency to happen. I believe God have prep a good future, emergency came from fear.
Proverbs 21:20 In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.
@@NoahLinebarrier yea and I have been extremely wise being debt free, having multiple buckets of investments, properties, making six figures, have plenty of extra cash in my savings. What are you trying to say?
It’s Saturday!
Lol
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?
Suffering from success
Is this an inheritance?
I’d rather consider Bitcoin than stocks, not a financial advice tho, research and compare yourself to see what’s the most outperforming asset
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.
You can send them to me I know what to do with em
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*
How do I call in guys?
How did I get here
Why mutual funds? Index Funds are superior and have been proven.
This call was just to flex lol
No.
Bingo.
I want to put 100k in hysa to buy an air conditioner
Ok if I had 100k I would definitively invest 😂
ONLY $100K in SD!! With cost of living there that will get you McDonalds for a month!!!!
Most wealthy are t generous but rather greedy