Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.

@Mussa653 I read inflation is near 10% but as we know it's definitely way more than the media would like to admit, my plan is to earn more passively and ride this out, can you investment-advisor assist?

excellent share, just confirmed her page online after inputting her full name on my browser, she seems valid. very much appreciate it.

@@caribbeanbound8357 You want a decade of no investment growth while you accumulate. Actually, a decade of market crash and depression is good for an accumulator.

@@caribbeanbound8357 yes, the accumulator interests are the opposite of the retiree interest

So where’s the Instagram scam recommendation comment?

That's a great goal

@@ptrs41653 LOL right? I was expecting... but John Smith has never failed during market crash times!!!

I bet he bought it for well under that and it’s appreciated + cap ex adding value

Brendan Fitness and Money Yeah for sure. Pretty sure he bought it around 60m still tho

Baller

@@BrendanEvan It's a liability. Imagine those property taxes...

He didn't buy the building. He built it like a baller. 💪

Don't follow 4 through 6 once you are debt free do no waste time paying down low interest mortgage debt. Invest that money and allow time to put compounding interest to work. Your home is not an asset it is a liability.

@@aaront936 I think he should just follow the plan and pay off his home. You can invest so much more when you don't have any debt at all, no matter the interest rate.

That's impressive! I could really use the expertise of this manager for me. Who’s the guiding you?

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

I'm not there yet, but I can believe it.

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

@@PilouBen However, if you do not have access to a professional like JUDITH ANN PEACE, 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.

@@SammyIglesias4665 Oh please I’d love that. Thanks!

@@PilouBen Judith Ann peace is her name

Lookup with her name on the webpage.

"Adults devise a plan and stick with it. Children do whatever feels good at the moment." Work Dave's system and good things will happen : )

@@coniccinoc no lie. I paid off my first rental this may I’m 28. This system works

Buy a multi unit property and do it again. Pay it off and keep doing it.

Build wealth I guess. Think about retirement from now. You’ll have millions for retirement if you start now. Also try to buy assets. Assets will appreciate over time and make you money in the mean time.

Imagine what you would have if you didn't give up the last 10 years of gains in the market to pay off low interest mortgage debt.

@@aaront936 it took a lot less than 10 years. This comment makes me think you’ve never listened to Dave Ramsey. He answers this question all the time.

How old? I’m confused I’m 27 and I will be there in 2 years. 55 years old?

@@RBTMOTORSPORTSLLC my wife an I are both 23yo. we paid off 150k house 20k down in 2y 6mo. we both make ~45k/year each. no other debt just house. had 2 cheap cars. it can be done way faster than what Dave teaches. but... at a cost of LITERALLY no life..... but now its all worth it

@@Howdy762 wouldn't be worth it to me. I use debt to buy properties. When I put 25% down, I get appreciation on the other 75% as well. Buy a 4 unit, that cash flows $20k a year, appreciates 3-5%, depreciates to reduce your taxes, and has principle paydown, you're getting around 25-40% returns on your investment. But you paid off your 3.5% mortgage, for what?

Most sadly cannot comprehend the rationale of your simple investment approach that I also took. So long as there's sufficient emergency money, the key is to invest excess cash in retirement accounts like 401K, rental property and mutual funds. It's soo foolish to rush to pay off a 2.5-3.5% mortgage.

@@WoodUCreate enjoy being in debt lol

I retired almost 4 months ago and still freak out everyday, second guessing walking away from a great job. It just feels so weird, dream come true but weird.

@@coniccinoc I am in the middle of a course called “taking the weirdness out of retirement”. Seems to be helping so far.

@@rickchandler2570 I have respect for people continually try and better themselves : ) Cheers!

They have some kind of retirement but we just don’t know what exactly. She mentioned ‘bumping it up’.

“Bumping it up to 50% of income”

WHo care what books he or anyone else reads.

I think they may have a reading list on their website

@@saulgoodman2018 🙄 a lot of people

@@smeevers thanks

Absolutely! I read about a book per month but it’s always very difficult for me to find the books. It’s definitely good to read what successful people are reading.

Odd comment. I can explore without squandering my resources.

Good advice.

Your wife and I would be besties. Did she grow up poor by chance? Does she feel incredibly guilty after spending money that you guys have saved up to make the purchase? If so, it's a trauma to her to spend money. She feels like she is jeopardizing your future. It doesn't make logical sense to you because it's not logical, it's emotional to her.

@@ellencox8415 i have the same issue jus trauma from the past

Weird flex but ok

Ellen Cox grew up in Vietnam while the war was going on. Dads business was damaged more than once by bombing. So trama is real.

What careers do you have? Total income?

Instead of spending anything over the 1 million! Only live off 4% of the portfolio every year! By doing that your portfolio will grow more then you pull from it

@@savvyviral9681 yes. Well at $1.2M now and don not think we need the money at this point. Maybe w run it up to $2M!

@@sellputs7976 lol awesome. Shows how quickly you can make serious money once you've got it. You just made 200k in 3 months doing nothing and when young it takes forever to get the first 200k.

@@ln5747 Absolutely true!

Misread your post . But will still state 1.40 a day for litter box cleaning is a great deal I don't even think that's an option in my country

@@Kangaroojumper Litter Robot. Look it up. The $10 a week is the $500 divided by 52. It comes with an 18 month warranty. I just bought one for my daughter with 2 cats. I justified that as a house warming gift. lol They just bought a house on land contract from us and moved in last weekend.

Same here.

Bad advice Josh.

Liability. When a major financial incident impacts you, you have lower liability. You're less likely to default to debt when you can't keep up with payments, etc. Of course that can damage long term investing, but you need to protect your four walls before you invest.

“I have a ton of money, no debt, I’m following all of your guidelines. WHAT DO I DO?!?!”

Rice and beans won't do your health any good long term to enjoy it.

@@ln5747 it's a figure of speech ..kinda, try to keep my meals less than $1/lb.

@@xfhnhhgjbvcfg nutrition is the one thing you shouldn't skimp on, in my opinion. Nothing without health. Healthy living compounds also.

@@ln5747 why do you think eating cheaply necessarily means it's bad for you? First of all beans are a great source of protein. You don't have to shop at whole foods to have healthy food

@@xfhnhhgjbvcfg generally it is. Organic, good quality food is expensive. I don't agree beans are all that healthy, certainly not to be living on them and rice.

@@LittleMopeHead It parylizes her. I think she feels guilty she’s can have nice things. I tell her her and my dad worked hard and invested right she needs to enjoy that hard work in retirement.

We struggle with this too. We're debt free everyday millionaires but the old habit of saying we don't really need "xyz" dies hard. Dave's advice on being generous really helped. We set up a monthly donation to the German Shepherd rescue where we got our dog. Now we feel a little less guilty about spending money on ourselves.

I was thinking that as well but maybe it's more of a headache for them.

It sounded to me like both properties had mortgages but by selling the one she could pay off the mortgage on the other

@@InvestToLive That is true. I have been lucky to have good renters for most of my time as a landlord.

@@m4tt5678 Right, but it also didn't sound like they were desperate to sell, given they have no debt, a retirement account, and they make pretty good money for where they live. I just think real estate is insurance for early retirement but maybe it also depends on your age.

@@kcc3985 Same, knock on wood!

What's the difference if I may ask???

@@Lilbit2215 being rich means you have a high income or a lot of money, being wealthy means you have enough money that you never have to work again I guess 😅

​@@Lilbit2215 Being rich means, you can go on a nice vacation a couple of times a year, drive a nice car, and live in a big house. But if you lose your job, your way of life dramatically changes. In this instance, you are rich, not wealthy. Being wealthy means you are not tied to one job, and you can weather volatile economic conditions without dramatically restructuring your life. That is the reason wealthy people generally get wealthier in tough times.

@@MillionaireMindsetClub so a pension is the difference? Good to know

If you are smart with your money you go from rich and retire wealthy. But dont neccesarily need a big home or expensive car to qualify as rich or wealthy some dont care about those things.

Fool

@@wread1982Strong argument :)

@@MaxSujyReact you’ll wish you would of put some money in an S&P 500 index fund, it would replace years of work for you in the future when your back and brain don’t work as well as they do now

de-risking your life (no mortgage) is price-less, same as retiring without the house payment. And you'll need less income during retirement for the living expenses

They are in mid to late 50s...you dont want mortgages at that age. They should already have millions and live off that interest now...why add more risk and landlord hassles.

That’s why they need to pay for their own personal financial advisor instead of calling into a radio show. They can afford it. 🤷🏾‍♂️

It's easy to forget that Dave isn't all about making as much money as possible. He's really about helping people to be debt free and financially free. The caller was already thinking to sell her rental (he just agreed) so she wants to be completely debt free at 55 and perhaps retire early. That still gives them 10-15yrs of investing and a whole lot of peace of mind. It's not for everyone I agree, but this caller's main goal was to be completely debt free ASAP.

@@markg999 several reasons. They probably already have a ton of equity in both properties. They could easily get 10 year loans on both. 2 paid for properties by 65 for the husband 60 for the wife. At 275k the only tax deduction you get is mortgage interest basically. 10 yrs you are probably looking at 2.25% max after tax deduction probably 1.5% net. Figure in Inflation and loss of investment capital to payoff house. Plus the rental diversifies their portfolio. The move to safety by paying off their house for these people is next to nothing. There is good debt and bad debt. Houses at sub 3% is good debt.

I have to agree. My income differs from this example, but my only debt is my primary home and a rental, just like this example. I’ll have the primary paid off within 9 months, and will then tackle the rental after that. Reason being, if I sell the rental to fast track my primary, then I’ll have a surplus and then have to turn around an reinvest in something else, which for me would just be another rental anyway…not to mention the capital gains I’d lose. After I payoff the rental, my plan is to sell it at some point and roll it into a vacation home in the mountains or at the beach that I can use as a weekly rental whenever I’m not using it. I’ll get a vacation home and make more money, as the weekly rentals make a lot more than the yearly rentals, or so I’m told.

And yet you are not worth 250M!

Of course, absolutely you could, and Dave didn't say not to. She didn't pose it as a question, she said "we're doing this."

I’ve done both. In my experience, dollar cost averaging index funds over 10 years has been truly passive and I’ve made about a 15% return. Renting has been way more labor intensive and time consuming and has netted me about a 8% return after expenses. I’ve also used debt for rentals (which I don’t recommend) it kills the monthly cash flow. Paying cash for real estate gives you much better returns. I’d probably make about 15% without debt but again you’d have to consider your time and effort as a landlord.

Long term debt at low interest in quality rentals produce cash monthly for ever. Buy better rentals

@@winz1697 lol. 👌🏼

@@JorgeRamirezFinance take profit from rentals buy stock

Agreed. The intro is still LOUD, imo.

I think it's fine and calming

Cool story bro

I know, I want them picking my shirts too! It looks great!

I don’t think the color complements his skin tone.

His 300 + lbs wife.

@@cancel.lgbtq.6892 She is not!?

Maybe he is saying it is worth 150 million now?

And amc

Stonks

Never

Lol

no, it's christy wright, a ramsey personality

In US? Not true at all

100% true. I was homeless 3 years ago at 17, and have a net worth of 70k today on a $65k salary. Anything is possible. You just gotta hustle, and play smart.

@@millsathn Just got to give permission to your mind, its the mentality

So long as your not raising a family and put them first

@@JonathanMichaelFleming good for you. But anecdotal evidence is worthless. I’m glad you made it out, but it doesn’t mean anyone can.

Yikes what's your monthly payment. I'd say yea that's too much house...unless you live in a very high cost area and there is nothing available in the 400k range or less.

Sell your house. Pay off your car and purchase a $400k house in cash. Your almost 50. Time to clean up.

Yes, too much house. Mortgage interest is choking your income. I’m assuming you live some place with a high cost of living.

if ur wife helped you decide on the house then it's 100% too much house.

Omg yes!!! Sell now in this hot market and downsize to something you can pay with cash!

Same. I ain't giving my money away

Wrong spot silver price isn't attractive even in recessions check the price history chart

I agree with both comments, it’s not a great investment but you should have some, maybe like 3% net worth in metals

You should check out the Graham Stephan Show episode "My twin brother made $10 million from bitcoin"

@@a-a-ronbrowser1486 I watched it but I don’t agree to yolo bitcoin either way too risky

@@dababycar2899 crypto is something you should research....its where the world is headed whether people can admit it to themselves or not.