I am at crossroads in my "investment journey", planning to put 150K into dividend stocks so that I will be making up to 30% per year in dividend returns....Any advice or particulars?

This needs to have way more views

Wow!! Could listen to these conversations for hours. Everybody is gentle, calm, professional, nobody interrupting, great questions (not one of those "gotcha" ones). Very rare these days...

I wish Andrei understood the concept of safe withdrawal rates so he could properly discuss the withdrawal rate reasons with Dave.

Love this! Older & Newer…Dave & Andrei…both icons! 🙌🏼🙌🏼

Epic Interview

What a great interview! It reminds me of why I liked Dave the first time I heard him on the radio. Excellent questions and great attitude by all parties. Thank you.

So much wisdom in this episode. Thanks guys!

This was a long time coming!! Great interview!!

Love it congratulation for meeting uncle Dave .

Fun fun chat. I'm glad you got to do this Andrei! I'm just thinking back on the retirement and withdrawal rate stuff. I have a many number of years to go but I feel like a 4% withdrawal rate will be fine and more than enough most of the time by the time I retire. Like, if my house is paid off, kids are grown, I wont have high expenses on average every month, I could live of pretty small amount and plus like like $10k for vacations and whatever small emergencies or something (gonna have the emergency still anyway). so say I have $1,000,000 at 4% that's $40K. I couldnt see my monthly expenses being much more than like $2-2.5K a month. I could be totally wrong by the time I get there or maybe I save way more, living a fancier life style. lol It is just so weird to think about.

Nice interview Gents, probably the best one yet!

Amazing Andrej.. Like this podcasts.. especially this one.. deep and many lessons.. Keep up.. 👍

Love Dave! Thru his courses we gained the financial education we never had in our mid late 20s. 20 years later we still use almost all the tools and are way better off financially because of it. It works if you work it, before you alter it master the basics as taught for 5-7 years. It’s habitual for us now.

Waited for this for so many years -Jikh follower

Andrei is asking all the questions everyone else was too afraid to ask!

Dave is so old school and I gotta love his integrity. My "investment" thesis is more in line with Andrei's though.

Love the interview Great topics

wow. one hell of an interview. it's refreshing to hear both viewpoints on certain things like Bitcoin. And the questions you asked him were spot on. I love the candle vs cake mentality at the end.

Fantastic interview with one of the most influential money experts of our time. However…his opinions on Bitcoin are coming from a foundation of ignorance. For instance, Dave completely ignored your point about the halving. He doesn’t understand the concept of stock to flow. The 21 million ceiling doesn’t matter to him, even as a contrast to the unlimited fiat supply. He ignored BTC’s basic fundamentals. He criticizes it without understanding a single Satoshi. He also ignored its 14 year track record, and then completely botched up the definitions of investing and speculation. Because ALL investing is speculation, by default. Whether you were investing in your small business, a mutual fund, or a piece of real estate to buy and hold onto long-term. It all involves risk, and historical price action does not guarantee future results. It is all speculative. He’s making up his own definitions to fit his own narrative. He is the epitome of someone criticizing something they know nothing about, even when you try to teach them. It’s called willful ignorance.

Thank you for the goat advice and information.

Dave is great. I really like his perspective on life.

I’ve never seen someone challenge Dave Ramsey like this awesome work

I love Dave Ramsey saying he built his building with cash!!! True flex! Thanks for the interview

Taxes & Inflation keep you from financial freedom. You have to learn to invest, not just have a professional invest your money. You have to be alert, learn and do for yourself. No one is more concerned with your money than you.

Fantastic interview!!! 👏🏾👏🏾👏🏾👏🏾👏🏾

Andrei....great vid! I am a huge Dave fan and listen to him and follow his philosophy. I haven't had a credit card for prob 25 years!! I am also a crypto guy...he says you can only buy crypto with money that you can afford to set on your kitchen table and set it on fire...if it doesn't cause you any harm...then you can use that money for crypto...that is kinda how I do it. But I disagree with him on it over all...but you can't buy it when you have other investment needs and bills, etc. But love your work...keep up the good work and thanks for the Dave vid as I love him and his crew!

Awesome interview.

he finally got to do the thing, congrats & great episode! Been following your mock interviews since you started doing them (:

fantastic interview

I love that abundance mentality. I have found that to be true as well. I've heard so many people complain that they can't make it in life because of ________________ when reality is just be the best at what you know and you will do amazingly well in your space. You can make excuses or you can just keep improving at what you do until you are successful yourself.

Great show

I love how Andrei can finally provide a FOIL to Dave, even if they'll never be able to convince each other of the other's perspective.

Great job

Loved this episode

awesome!

great video! but the title is so clickbaity. Where did you confront him in the whole video?

By definition how many years is a long term track record? Or how long does something have to have history to base something off of said history?

Dave is wrong about the 10% withdrawal rate. Its been shown time and time again you'll run out of money during retirement.

Andrei with showing off to Dave Ramsey (and anyone else) his portfolio!! Amazing!! He was impressed and that's hard to do. 😂

I agree that Bitcoin is absolutely speculation and not investing. It's for that exact reason why Andrei doesn't have it make up his entire portfolio. He understands that it's riskier than his other investments.

Why does this guy look like Graham Stephan?

im only here for the card magic trick! where do i need to stop the Video?

The main issue with his withdrawal rate is that he’s saying he gets a 12% return. No one in retirement has 100% equities to get that type of return

I am that guy who put my money into speculative assets instead of paying of my debt & my student loans, for a time. Then with the 2021 bull run I paid off all my debt, including all my student loans and bought a business. Now I am doing very well and happy. If I had taken advice such as Dave offers, I'd still be in debt and wage-slave. Since then I stopped trading crypto and other speculative stocks have a more passive investing style. I would never suggest to do what I did, because I am no genius, I just got very very lucky.

❤❤❤

I'm just leaving a "bitcorn" here for the algorythm, nice magic trick at the end I bet it's the first time for Dave lol

Finally 😅

Would be interesting to know if Dave really believes inflation has averaged ~ 4%. That is the official number the government gives us but it’s pretty obviously much higher than that, making most of his 11% ROI just nominal returns that aren’t really increasing overall purchasing power. If you measure the stock market in terms of gold, they’ve returned 0% over the last 30 years. The “returns” are deceptive and really just retaining your purchasing power.

The fact that Andre Jikh says that 'he doesn't;'t have a lot of money' when the guy is clearly a multi-millionaire just shows how out of touch some people get when they make money.

I will gladly accept your bitcoin on Dave’s behalf. :) I’ve sold equipment in my business to be able to purchase more bitcoin based assets, so I have skin in he game, and will happily accept your generous gift. I believe bitcoin will change the future of many peoples lives that see it now. When countries are getting in on it and is not just some thing that has no history, it has 15 years of history and basically no issues. It’s better than gold or stocks and will continue to go up in value for probably the next 50+ years. Saw the short version of this interview look forward to watching the whole thing! Awesome job!!

I'll be honest. This is a show. The young blood & the seasoned vet. Every week these guys talk about this week's news in the market. Capture such a huge audience that both sides can learn from.

I love DR and his advices except when it comes to housing. At least not 100%

It was really quite obvious that Dave has done little to no research on Bitcoin and yet insists that investing in it is a bad idea. To boot, he was completely unwilling to listen to anything you said about the topic. Your patience was amazing though. Keep at it Andrei!

Never trust a guy that believes in fairytales with your finance

Dave's advice offers a practical approach to navigating the challenges of homeownership in today's market. Taking the time to plan, choosing a career path wisely, and avoiding overextending financially are key steps toward achieving long-term financial stability and homeownership goals. 🏡

3:56 bro is copeing so hard 😂😂 Ramsey getting COOKED

dave and the ramsey solution have helped more people than anyone one walking the earth rn

Why did he make his disbelief on BTC something personal? He doesn’t need to buy it, but refusing a free one just to prove a point is so immature.

Talking about yourself in the third person is concerning

I’m so confused! I thought I watched this? But it was Ina different channel!😅

put everything in crypto like i did the past decade...that's right, trends and history on my side

Loved it!

Beans and 🍚

The reason "Money is not like cake it's more like candles" is because we left the gold standard 50 years ago, and we are now seeing the collapse and consequences of trying to turn cake into candles.

What's a rocket surgeon?

I guess Dave knows Willis Johnson.

✌🏽💯

I came to see you doing card magic for Dave…don’t lie to me I see the bicycles out there on the table.

I respect Dave, however I think that he gives religion way to much credit where it's not deserved!

Tell the average person to save money and get out of debt while the rich live off debt and pay no taxes. How does that make sense? 😑

Dude how does this video get

Pay off your home with 4% over 30 year loan?

Dave: debt burns calories Me: *signs up to lose 10 pounds with a 39% $1,000 loan

Dave be watching your troll 🤣🤣🤣

Fixed principal and interest doesn’t increase on a mortgage but taxes and insurance does DAVE

Finally, a good guest. You don't need the other guy/host. He doesn't contribute anything worthwhile.

Never thought I'd see this. Haha

If Dave not friend…. then why friend shaped?? #Beansandrice #betterthanIdeserve😂😂

The case for Bitcoin has been proven in history for decades and centuries. The hardest money always wins wins.

How is this the don't sweat it podcast...? Come on Andre, I’m sure you could not resist the opportunity for the interview with this Cooke that you've talked about being a cooke, but seriously!

Bitcoin has been around since the Great Recession with a 15-year history of continuous growth. At what point does it stop becoming speculation? 30 years from now? 40 years? The opportunity to hold any has passed by then, because it's deflationary.

Bitcoin is the anti-inflationary bank. It’s an asset that will rise because of more people using it over time because it will protect you against inflation.

He always talks about his mutual fund making 12% for 80+ years but has not once ever said what that mutual fund is lol "They're amazing employees. They work like animals." Lol

He in fact does not understand Bitcoin. Confirmed.

rocket surgeon. ;)

Wish i never got into crypto. Blockfi and FTX rekt me. And dividend stocks make your taxes go up.

Dave doesn't get that credit cards are great because when your card gets hacked it's 2 click fix. Your debit gets hacked your fucked. You have to file a police report etc

If you listen to Dave suggestion, you will be working like slave your whole life, good luck, to who ever watch this till the end.

10% safe withdrawal rate has under 5% success rate. This guy gives financial advice?

Do you think Bitcoin will go to $1 million dollars someday? 10:05 😂

Same old shit. Dave talking about how great he is and how much money he has. Oh but I forgot, it’s not his money it’s gods money…..

Both fell off ---/ Jk I'm stoked

Dave Ramsey is the Kmart of financial planning.

The top 3 crypto are pretty solid investments i would say, they are past pure speculation right now

Dave owns some Bitcoin

My DEI score will most likely deny you the truth of YOUR reality!! Our Patents sold us out $

And many more reasons Dave is soooo out of touch with reality and likes to just flex over and over and over.

@10:00 Oy. There is Dave being stupid and acting like sequence of return risk doesn't exist. But ok, Dave, the market has averaged 11% but it rarely does 11%. It is either over or under. Get a decade, like 2000 to 2010, with you taking out money in a flat market and your retirement is DOA @10:32 No Dave, people are calling you out because of SEQUENCE OF RETURNS risk. You can retire on $1,080,000 and take out 8%, your number, first year and then inflation adjust it going forward. So after the first year let's say the market has a 15% correction and inflation was 3.5%. Your account is now down to $850,000 and you need to take out $80K * 1.035 = $82,800 taking your account balance down to $767,000. With inflation your next withdrawal will need to be $82.8K * 1.035 = $85,698. You'd have to make about 12% that year just to end with the same $767K that you started with. But ok, Dave thinks 'average' represents the returns each year, or a very close range of, rather than a large range around the average. According to Portfolio Visualizer, you'll have to search it as some channels delete comments with links, if you retired in 2000 and took out 8% and adjusted for inflation with an SP500 index fund, you ran out of money in Dec 2009. If you retired at the 2007 market peak, right before the correction started and then into the financial crisis, your $1,000,000 ran out by Dec 2021. If you were lucky enough to retire at the financial market crash at the bottom so everything was rosey, Feb 2009, you would have done quite well and you'd have about $4.26 million dollars today. If you retired in 1993 right before the bull run of the 90's really got going you'd be slightly ahead in absolute dollars, but not when you adjust for inflation. Your account in absolute dollars would be $1.497 million today, but those inflation adjusted withdrawals that started off at $80K in 1993 will eat that up toot-sweet. Anyhow, your purchasing power of $1,000,000 in 1993 when you retired is now down to $683,600 today. The fund that he is almost certainly talking about is the Investment Company of America (a mutual fund from American Funds). And even that fund, with that 12.2% average STILL requires you to retired at the right time or you run out of money. The ticker is AIVSX. Anyone should also test that one with Portfolio Visualizer and see how many times you can fail following Dave's advice. So, I guess you just need the luck of retiring right at a market bottom before a HUGE bull run.

he's so wishy washy with his 8% withdrawal rate. i don't think he knows what he means. seem like he could meaning to take out that years return minus 4% to account for inflation. so 10% return and you withdraw 6% of your portfolio that year. of course that system creates a crazy volatile income for retirees that is not feasible. will often have zero income for the year. maybe even negative income depending on what you do when the return is less than 4% in any years. you contribute back into the portfolio? he's too stubborn to admit he's wrong and now just talks around the subject and now backsteps more saying "i don't care what assumptions you make". he knows he's wrong and the interviewer knows he wrong but does not push or mention sequence of returns out of embarrassment. probably why he hosts the interviewer in his studio. less likely to call someone out properly in their home so to speak.