5k? You can do it!

If you're not concerned with what people think why are you obsessing on likes? Is it an ego thing or what's the reason - just curious

We absolutely can . Good stuff

@@kristakahlohelps push his videos more, which helps the channel grow x

When Dave Ramsey says there is no such thing as good debt, he is saying what the Bible says. The Bible never calls debt good. So, by disagreeing with Dave Ramsey, you are disagreeing with the Bible, which is God's Word.

Hey, that's amazing you made such progress in just a few years.

I completely agree with you, but im 32. I have no debt, not even a mortgage, and my husband and i have plenty invested. Dave helps people get out of debt and helps others to never get into debt. A lot of people are really negative about the ways he tells people to use and save their money, but lets face it, i dont know of any other financial advisor that has helped as many people as he has and some of thw wealthiest people are following his methods, so he can't be that wrong. I dont agree with everything he says but for the most part, he knows what he's talking about and people tend to just not like how blunt he is. People hate tough love, but they need it, because the "gentle parenting" they have been getting regarding their spending habits, is just digging them a deeper and deeper debt hole.

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi

Wow! I am 34 🥹 I thought it was a bit late for me to make a huge difference in the future. You just inspired me!

Thanks for the inspiration. It is NOT too late.! If I may ask: how much and in what do you invest a month?

Hey Edington that's awesome to hear! Glad I could help if only a little

Canada, US, and I'm sure other countries out there, need to do better for people with disabilities. I feel for you. Keep at it!

Prayers for you.

Praying for you 🙏🏾 I feel it's so unfair that disabled people should be given such a small pittance to get by. Hopefully your financial situation will change.

Some people are credit card people and it ticks me off when Dave says no cc.

I think it is a great tool for some people but it is impossible for others to keep the spending under control and end up using the card to an amount they are unable to pay off monthly so his recommendation is great for people that have less self control? Some people just can’t trust themselves with a credit card. Then I see them getting a consolidation loan and without closing the card the cycle repeats.

Credit card rewards are paid for by people that are bad with credit cards. That’s the truth and is Dave’s main argument. You benefiting on the backs of the poor.

@@JoLynnDrake-mc6bb getting your tax dollars back. Huh? Explain your delusion.

​@@laundrygoddess4it's because most people can't control their spending if they have credit cards. If you can then great, but you're in minority.

I actually disagree. You can individually make different choices that might land you even wealthier than the Dave Ramsey plan might or might end you up significantly worse off but I don't believe that his plan can't work for everybody if they are after the same end goal that he states. Financial security strong enough you can continue to give and build wealth. His baby step plan can't fail you will get exactly what he says you will in the end. It's simple your opinion you could do it better if you modified the plan but that doesn't make his wrong that what people don't understand.

Thanks Luap!

There's also a great resource in a 12 step program called Debtors Anonymous for folks who have control issues or trauma. Can be super helpful with financial sobriety & lots of practical tools for living well. 😊

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I’m 41 in the same boat - I drive a free-and-clear 2012 Subaru hatch. Although I only got serious about my future in my late 30’s. Better late than never I guess

I had a 95 F150 that I drove for 13 years. It got stolen and the motherfuckers painted it white.

Nice! Only downside is gas $$ is so much higher.

Thanks for telling us

Rip. My mortgage is $2666 a month ajd $2250 goes to interest alone

@cirentXD Swallow your pride. Sell the house for what it's worth and buy a cheap house with the equity.

​@@bestyoutubechannelever3206I just bought the place 2 weeks ago

I agree with you!

I think if you're on SS, you don't need to worry about investing. Glad you can meet your needs on it.

I'm glad it feels that way! I always think about the camera as talking to a friend so I'm glad that comes across

Yes😊😊😊

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😂😂

Glad you enjoyed it! Thanks for watching

That would be sick!

Your welcome! Hope it helps!

It is actually not bad to own a cc. It is for purposes like you mentioned that a cc would come in handy having with. Besides, cc would only be bad if the person who have that will be unmindful of their spending habits and not paying the cc purchases in full. I myself have those cc used at most times from grocery shopping to other utility bills but i made sure i pay them in full at the given time so as not to incur interests and so it isn’t a disadvantage at all if one has it. It is within the person and their control. It might not be for everyone especially if one can’t bring myself to control purchasing unnecessary wants. 😊

Agree with An jLove01's answer and would add, CC's are a dangerous tool. Like a loaded gun in a sense. If you treat them that way; using them very carefully, very cautiously with rules you stick to, they will be just fine and may yield a bit of economic advantage. Most can't stick to the rules and these days that's a terrible proposition... 20-30% interest rates??!! That's legalized loan sharking and the banks are basically charging you rates that are the best returns of just about any investment class out there... for them... not for you. It's so bad that I would recommend to anyone who asked to pay off all CC's first, before putting one more dime into investment accounts.

A CC is not bad to have - use it to your advantage ! Always pay them off on time, and you will have a month of interest-free money!

Nothing wrong with that at all! For me though I don't want to have to show up to a job for the rest of my life so that's why I think a little bit more radically I guess it's definitely not for everybody

I agree that showing up to a job every day is not ideal, and I commend you for your videos which help me and many, many others think outside the box. I really appreciate that. Really I do. ❤️ I'm older now and am not living pay check to pay check, and I have some $ saved (almost 3 months' worth of living expenses). That's all I can do right now. My partner is dying from heart failure and I cannot go any further than living and appreciating every day. We're all one illness/accident/incident/stock exchange crash away from a major life-change, sadly. We can only do our best. Thank you so much for helping us think, and aim as high as we can and do our best with our money and finances. We really do have very little education about money!

Condolences

My pleasure

Thanks!

Payoff a tiny house, or a big one with lots of roommates. Then only buy property taxes utilities groceries and an unlimited bus pass. Expenses will be under 10k yearly. Then all remaining income goes to investments and philanthropy. Philanthropy to people who want to do this model.❤

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024

Please how do I find and contact this financial counselor ?

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nicole Desiree Simon for about five years now, and her performance has been consistently impressive.

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

It's great to stay motivated! Sometimes you need to get excited another times you need to get angry

@@GabeBult Actually changed an action this week from what I would normally do and had better results.

Thanks for watching!

Thanks Deionm

🙏🔥👍

Thanks man 👍

And that’s okay! As long as you can afford it. The Money Guys have a car equation rule to check affordability. It’s 20/3/8 - you have put a 20% down payment on your car, finance for 3 years (or less) and your car payment has to be less than is 8% of your income. If your BMW fall into that bracket, you’re all good. If not, then it becomes more risky and not a good financial idea. Nothing wrong with liking and driving a BMW, like at all, IF you can afford it 💕

Me too! I got my beautiful BMW sedan from Carvana. Only 20,000 miles on it and I got it for about 1/2 price compared to new (5 years ago). Paid it off in a year and a half. Now, 3 years with no car payments. Looks great. Drives great. 100,000 miles on it without a single problem. Love my BMW!

I made a video called I'm a million dollars in debt where I kind of go over all of that

@@GabeBult alright I'll check it out, thank you

I'm not Gabe but I'll chime in if you don't mind. I was in the same boat many years ago. Never could find a budget program I really liked. I'm not talking a tracker, just a budget spreadsheet that has some formulas. I ended up learning just a bit about spreadsheet formulas (doesn't take too long at all) and built my own. I think you'd find value in that if you give it a go.

A simple excel spreadsheet is suffice. Put all your income in one column all your regular planned outgoings in another. Total both columns PIF your outgoings are more than incomings you have an issue If there are regular payments for credit card, car loans etc you can see where this chunk of money goes that you can alter. I have one credit card, it’s zero interest and for planned large expenditure or unusual ones like car repairs etc. I still resent when I see it being £100 a month or more going out.

Out of interest, why is it schools job to teach our children how to manage finances? Shouldn’t parents teach that at home, like basic hygiene, how to drive a car, other life skills?

@@eloisepersson939 Yes, parents SHOULD teach these things to their children! I agree 100%. But as an experienced middle grades and high school teacher and foster parent to many teens, it's simply not happening in the home. Mom is NOT a stay-at-home all-purpose educator anymore. With over 50% of marriages ending in divorce the Dad-to-kids connection is also frequently broken (hence, the popularity of the 'Dad how do I' channel). I have fostered high-intelligence tween and teen kids who have no idea how to make a bed, build a sandwich, change a lightbulb, or maintain a car. I had the "No, honey, a credit card is not a magic piece of plastic that gives you money, it is a magic piece of plastic that gives you debt!" discussion with every single kid in my care. I had one tragic example of a 12-year-old boy - may I emphasise he was gifted - who had no idea what real food looked like and could not identify raw vegetables. He didn't know that popcorn was dried corn fried until it popped! He had only eaten highly processed pre-prepared food his entire life. That's why they offer driver's education in public schools. Otherwise you end up with too many ill-prepared poorly educated drivers who are a menace to themselves and others. In other words, life skills courses (we called them home economics and shop courses back when I was in school) are not only helpful to the students, they are necessary to society, as well. My contention is with runaway debt, the lowest savings rate in centuries, and an 80% obesity rate, we should extend basic 'functional literacy' classes in the public schools. Somebody has to do it.

Thanks so much

I have multifamily is that are long-term buy and hold

How is it even possible to make a blanket statement like Americans have no savings and huge houses filled with clutter? Lets see some actual data. When the reality US is 6th on the list of most millionaires per capita in the world... Your ignorance is extremely astonishing.

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