Great job keep spreading the word

Congratulations, that’s wonderful!

Just curious, what was preventing you to act beforehand? Was it like lack of knowledge or you simply needed to hear a strong warning/opinion? I’m just curious about what causes the shift.

⁠good question. I’m a teacher and original was going to do the PLSF program to forgive my student loans. But after watching Ramsey and seeing how the program isn’t that successful and not wanting to wait another 5 years I decided to take things into my own hands. I had most of the money in savings and already work two jobs but the feeling of paying it off myself and not having that debt weigh over me seemed very empowering. Working a real budget also made me realize I was wasting so much money.

@@oldtomplatz8862 👏 great job and keep pushing!

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

@@Lourd-Bab 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.

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

@@Lourd-Bab Clementina Abate Russo is her name .

Lookup with her name on the webpage.

Like a surgeon removing a kidney

Yap. 100% true

He's one of those guys (probably never got his hands dirty) thinking he can sit back and collect the checks

That is what the IRS says if you lose money on an activity for enough years.

Like the ' five more minutes and we are there ' for 3 hours. 😂

We have 3 meetings a week in the military 🤷🏽‍♂️

sounds like a dream job 1 day a week

Right

Pretty much

Exactly. I love how he said "WE make $500k/ year." No, SHE probably makes $600k, and you lose 100. Ha!

@Bbfishman.....exactly....even blue-pilled men know that women will monkey-branch to the bigger, better deal, married or not....hypergamy is real. Men are in love, women are in business.

Exactly what a family member is going to do with house flipping using my dad's assets... dad is still alive which means our Inheritance is unequal. So crappy.

The same could be said for Dave's wife. Mrs Sharon "never had a job" Ramsey

​@@siva47931 1. Women who stay home save their partner a shit ton of money. The trope of hating on stay at home women is outdated and bs. 2. It's completely different from this scenario because in the callers case both partners do work outside the home and it's relevant for his fucking question about his business burning money. Use your head ffs.

@@droid2D2C3P0I think he’s pointing out the double standard. When women make less, we don’t joke about their value to the marriage

@@droid2D2C3P0 I'm not hating. I'm all for mom/dad staying at home with the kids while they are young. Let's say even high school. But after even Ken Coleman says working outside the home brings purpose and contributes to society. No need to be a stay at home mom/dad when the kids aren't even living there.

@@droid2D2C3P0nothing wrong with a stay at home mom. They do not save their partner a shit of money. That’s just not true. For the overwhelming majority of people, having the wife work keeps the household above water. A stay at home wife is also an excuse to have more kids, so costs also go up having her at home. Unless you find a ton of value of a stay at home mom for just one child, it doesn’t really balance itself out until after 2 children. I pay $900 a month for day care and I make over $10K a month. My wife makes about $3K a month. So we would need 3 more children for the benefit of her staying home be outweighed by the lost of income. My wife is on a trajectory to turn that to $6K. So it wouldn’t save us any money. You can attach a bunch of emotions and physiological value to being a stay at home mom however, the actual dollar value doesn’t make sense until a certain amount of kids. That certain amount is different for everyone, but can be detrrimined by the out of pocket cost for care minus the loss of net income.

Hahahaha genius

A clown that keeps doing the same thing over and over again and expecting a different outcome!!!😂

His wife claims that he makes bad decisions due to his hemorrhoids.

His and his wife’s W2 jobs. His side business is a loss.

Of course someone like that is also the type to blame their failure as a business owner on the employees.

​@@user-cf1tm6fx4wAnd a lot of these business owners fail because they had the mindset of employees who watch the clock and work their 40 hours (they do not have the mindset of owners who do not watch the clock and tend to work more hours).

Clearly 😩🥴

people have this idea that because the business exists, they expect to be rolling in money with absolutely no or little effort on their part.

His wife has a job making $375K and he has a job making $125K. Separate from the investment business.

She is probably a surgeon or something. He said at the beginning she makes "most" of the money. However it is clear she makes it all.

yes because 125k is nothing@@danielrn133

They clearly both have W2 jobs in addition to this losing side business

Scarwd money don't make money

@@Dan16673 depends on scale. If you sell donuts then you would be better be scared of losing 100k

I would freak out after 2k 😂

​@@Memoreism I was there with my business years ago. I stopped the bleeding by revising my business plan and only paying for business items with cash. I also increased my administrative fee (I had a health education business), gave clients several choices for each health item and discount for those who paid with cash, money order or bank checks.

I'd never be a business owner due to retail theft and how the law is soft on crime.

ANSWER: A US Politician...

I mean if you think about it. You're going to lose money but you will see it trending to the positive. It's going to take some time but the problem is that some people don't want to let go. Then they're in too deep and they just go down with the ship.

No she's not.

@@FooFan-b3k Yes she is.

She's the only one who feels like an equal beside Dave. Everyone else reminds me of a student trying to say the right thing to seek approval from their teacher.

She’s not. She repeats what he says

@bleach8368 making a claim like that only reveals how poor your listening / comprehension skills are lol

Glad someone said it.

I think it was a misspeak, sounds like she meant to say “breaking even isn’t enough”

He never really had the money, he took a loan.

@@genito1 He had 360 thousands dollars

@@bm8r812 I bet a lot of that was just him making loan payments overtime. He probably did not have that much capital to start the business which is problematic too

Exactly. As an owner of office, retail, and residential rental properties, I chuckle when I hear people say that rental properties generate passive income.

Yep. Everyone it seems thinks it’s a smooth ride

Thought it was just me that caught that lol

I went from 380 down to 245 in 18 months. Never stepped foot in a gym.

Not just with COVID, but you can watch tons of videos online for free.. And also you can take the money you'd spend on the gym in a couple years and get something for cardio and some weights and have those everyday for years and years.

Wrong, The health club market is growing very rapidly. Doesn’t mean every business works out.

No. Jade ruined the conversation between Dave and the caller. Dave got down to the bottom of what the caller was wanting to say and do. The caller just wants to make enough money to pay off the loan in selling his gym. Jade jumps in and interrupts all of that asking a question that has nothing to do with what Dave and the caller already discussed

You cant spell

You said in 30 seconds what Dave and Jade took Like what seemed forever to figure out.

A looser or a tighter?

​@@taylor.g.deloye😂

No joke... he mentioned most of their income is his wife's... maybe he is a bored stay at home spouse that was trying to start a business... Either way he needs to stop getting into the hole so much.

100%

i agree with most of what you said, except where you say that business owners should work like employees. Business owners who actually are serious about succeeding in business need to work harder and more hours than employees who often only work around 40 hours per week.

@@jrowlet Work like employees as in, they cannot have the ignorance to state that they should be independent when they have no idea how a business functions. In the same amount of time as gaining useful experience, they need to save up money to buy their business in cash.

He moved

​​@@NeoAndersonReloaded should have thought of that first. He should have either sold the business or stay where he was. If making bad decisions was a person. I feel sorry for his wife.

Then why are there so many? If they didn't make money, they wouldn't exist.

@@kcor4 People have dreams, and ignore things that crush their dreams. Similar to small bakers and cupcake stores.

People follow their heart and not their calculators

Up-talking drives me up a wall. It makes you sound unsure, tentative, and childish. Don't get me started on vocal fry.

@@lo1bo2 Exactly...well said. Nice to see there's someone out there who agrees and doesn't label me as mean and critical because of the torture listening to stupidity.Thanks!

I'll never lose $800k considering I only make $1,000.00 a month on SSDI.

Yeah, but he took out a $520,000 loan that he is on the hook for no matter what.

His wife makes a lot money, he made all those stupid decisions because he knew that tge money exists.

yeah who wants to make 125k pfft, he might as well quit

Only fans.

@@kidamere2408 ?

I am grateful that I am debt free.

Yea I want that too and I’m not Muslim lol

Jesus isn't a prophet, he is our savior

Unless you are borrowing from family and friends, aren't all loans interest based?

Interest based loans. That's nearly all loans my guy.

This guy was lucky and smart enough to marry a cash generating woman. Well done, sir!

@@TheDoggmom But can he keep her...

His wife is msking 500k a year. Not him

if this guy and wife is making 500K income " there is No reason to start a small business take out a 500k loan"" !!

Sounds like something to share with your therapist.

Whiny whiny whiny whiny

Because its true marriage is only contract women can walk away from and take half mens stuff like cars retirement house even if she did not work day in her life if men could steal half women stuff I would file divorce at%80 to

Hes crediting her with having a larger amount of income. I think there is nothing wrong with sharing the spotlight

The way he laughed when he said it too. Only a matter of time before she's out of there!

A debt free multi-millionaire giving excellent advice. You have a opinion. There fixed it for you.