Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.

It is so hard to convince a young person who makes money fast to switch to building wealth slowly.

Instead of thinking about becoming a millionaire we should be teaching people fiscal responsibility. Live below your means, invest for retirement, have 3-6 month emergency fund, save for your children’s college, pay off your mortgage (unless interest if less than 4%). Only when you have met these requirements then take risks in the stock market. Meeting these requirement requires discipline and that is why i will always recommend my adviser *_'Roch Dungca-Screiber'._*

This casual thought Rachel and Jon would praise his tiktoc playbook, but instead, they told him to stop it. 😂

I feel like y'all saved a life today. My husband and I had good sense naturally and did all the right things ( cept for two credit card stinky times that we never did again...after medical stuff happened ) for years and years and now we have a paid off luxury home and 2 New cars. We sleep like babies at night. I'm 59 he's 64. It took years of doing the right thing to get here. I still do inventive meal stretching too. Just did that this morning turning one take out meal into six freezer plates. I hope he listens to y'all!

I would have loved to hear Dave on this call...man.

Why do they ignore the tax consequences for the sale? Feds will take a fortune

Dude these hosts are on the ball. They just dive straight into - ‘how much do you owe on those unhatched eggs’ it’s not even a question do you owe money? They already know you can’t start counting chickens yet….

Dave Ramsey for president🎉❤

Well if he didn't take the loan this house deal would have never happened. Insanely risky if it pays off he'll make some money if not he's gonna get wreaked.

Mixed messaging by Dr. John. LOL In previous videos, he claimed it was unethical to use credit card points for free travel. Why? Because some broke person who is paying 24% to 39% interest actually paid for your travel. He said because of that, not using credit cards for travel hacking helps him to sleep better at night. Here he essentially tells the caller that he's stashing cash until the real estate market goes down significantly and there's blood in the streets. Then he says he'll buy low and sleep well at night. Ok, but didn't some poor real estate investor just have to lose for you to win on that deal, John?

"Buy real estate with $150k" Rachel, he's not buying a lemonade stand for $150k in Austin.

John said he’s gonna sit on the sidelines and buy real estate with cash at a discount. Wouldn’t that mean that you believe real estate prices are coming down?

Awesome advice you two🙏😎🌎✝️🇺🇸

Amazing advice

Good advice but I always laugh when they recommend a 15 year mortgage loan with it only being 25% of your take home pay LOL

There a lot of taxes that wasn’t talked about, and if its a personal roth IRA he may be around the limit with the amount he’s made for the year.

Deloney goes way too deep

He is going to pay tax on this😮

Yall saved this dude from blowing $150k!! I could tell he was probably gonna do something dumb w/ it. I just had a gut feeling.

“Not really, but go ahead”. Savage

I agree with many things these people teach but Dr. John says he is waiting for the housing market to dip. They have been saying it is a great time to buy a house so I am confused on this subject :=/

What about capital gains tax? Did he pay all the contractors yet?

Deloney is such a tool 🤣

Hey, that's me! Slow and boring. Love my 11-year-old car and the high mileage additive I put in the gas tank every few months. I'm so boring that mothers tell stories about me to get their kids to fall asleep.

Banks have nice buildings.

whats crazy is someone making 65k+, with their plan can only afford a 150-160k home. Which won't get you very much of anything even in some of the lower cost of living states.

no just give me money. lol.

Even if it sells for 900k he is who can afford a 7-8000$ house payment lord

He obviously hasn’t been to Austin in a while.

I love watching the reactions when someone says they have crypto. I have crypto...and stocks...and growth funds recommended by Ramsey. I also have very little debt.

I know for a fact these dudes have been following Grant Cardone.

If he wants to build houses, go buy a fixer upper house and live in it for a couple years while he remodels it. Much less risk and probably equal reward

I wish he can come back and tell is how it went 😂

Little torn here. This was too much house as a first-timer flip. But I could see doing more flips, just at a much lower price point.

This guy is going to lose money. Didn't even ask him what crypto he invested in. Terrible advice. Even Blackrock got the message😂

Dude called the wrong show. Sounds like he's s high risk investor. He would been better off calling the guys on Bigger Pockets.

he should invest in rentals if he likes real estate. Since hes a young single go-getter, he should house hack. He will like real estate more if he's benefitting from its long term effects. Ramsey messed up with his 3 month notes, im recommending 30 year notes, with properties that have strong cash flow and a reasonable chance at appreciation. Or, if he's like myself and John, then wait for the housing dip and buy twice as much at a discount 😊 But he should leverage that cash and stay on a fast track - maybe not the same fast track he is on. Construction loans are risky and speculative because they don't cashflow from day 1. As an investor, I would rather buy a cow which is milked everyday for benefits (cashflow) over buying a cow to be butchered (buying real estate or stocks based on hopeful appreciation). Also please look into index funds as opposed to mutual funds. Dave is off his rockers when recommending mutual funds. Lastly, if you think there is an upcoming downturn (or even if not) consider buying insurance for your stock investments. They are called options and you can leverage them to protect yourself in the event of a downturn.

In my opinion, it's better to hold onto cryptocurrency rather than individual stocks. Additionally, I would recommend getting out of any partnerships as soon as possible and avoiding them in the future. The positive aspect is that you don't have any other outstanding debts, so I suggest creating an emergency fund that can cover expenses for six months and investing the remaining funds.

What are you breathing? Breathing at this second? Breathing now in order to live? Not a trick question.

Risky, but might work out for him. It’s not financial peace.

This kid needs to stop watching TikTok. House-flipping and crypto?

They need a Ramsey plan for people that don’t wanna do w-2 for 30 years . Maybe he should be doing realtor on the side and build up that business . It’s clear that he’s hungry for more than being middle class and retiring with 2 million dollars when he’s 65 .

I don’t understand why Ramsey is so opposed to business partners. Obviously there are risks in partnerships, but there are also plenty of benefits and many many small businesses are structured that way.

AVP sure /

How come you guys do real estate but telling this young man to just be a worker for rest of his life 🤔

✝️🙏

Just think if this guy would have had a buyer lined up! In the time it takes to build a home, the market can dip. BTW: keep Austin weird!

Delony should stick to his show

Nick Nicky fidus

1st

I like the Ramsey way.... but when will they learn about bitcoin I wonder? Assuming that's what this guy has in crypto, telling him to sell is really poor advice.

Rachel is so beautiful. I just wish the camera was on her the whole time.

He is going to net 300k in profit and has a yearly salary of 80k a year, and he is young. I think you're doing just fine, young man. These fools want to push you into actively managed mutual funds that will cost you thousands and thousands. These 2 will give you advice to be above normal and will have a decent retirement. That's it. If you want more, don't listen to these 2.

This guy loses his job and his life will spiral out of control, talk about living on the edge..................

john is a great therapist but is so over his head on his real estate theories. when the market shifts for his imaginary cash deal he will be 55 and turn his money once a decade. so much fear and scarcity to "sleep easy." stick to therapy and leave real estate to dave.

I hope Nick does not listen to them. He doing good. If he's working with a business partner, so what. He said not break it up for no reason. These people want you to work a regular job until you drop dead.

Why do they assume everyone views debt the same way they do? I think Rachel should try waking up at 22 with $36,000 in student loan debt and a $15 an hour day job and try to live in a major metro area without credit cards or an only fans account.