My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?

The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.

im 18 and get paid 15 dollars an hour and work around 32-40 hours a week. ive invested around 45-50% of what i made and intend to keep doing it. im fortunate to live at my moms home however and only pay a portion of bills. ive made a plan to have 20k saved and invested by my 19th birthday in december.

*The first step to achieving wealth is figuring out your goals and risk tolerance. Either on your own or with the help of a financial planner. And by following through with an intelligent plan, you will gain financial growth over the years and enjoy the benefits of growing your money.*

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

The bass in that guy voice 🤯🤯

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

dave ramsey playlist is my at home background music

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

This dude could read ingredients off a box of fruity pebbles and it would sound like AMAZING food.

people finance a car that is 20-40% of their income, of course you can invest over 15% of your income

I hope you see all the positive you have done for people Dave! There will always be ungrateful and jealous people. Thanks for helping us out.

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

No debt and single. I can afford to aggressively invest right now! I plan on focusing on investing in my 20s.

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

Stocks looked to rebound Friday to close out a rough first few days in August, as the jobs report's release takes center stage and an earnings-heavy calendar continues. I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?

I really like this video I have worried about the 1000$ emergency fund and the way y'all addressed it is spot on thanks

The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate investment I've seen so much difference

investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself.

Someone who never had an emergency fund is now complaining about having a $1000 emergency fund, You forgot you didn't have a $1000 before you started this plan.

Depends on your goals and timeline. If you are interested in financial freedom before retirement, you should be targeting 40%. I lived like I was broke for many years and was investing around 85% of my income which lead me to become a millionaire by my mid thirties.

Because 15% is what you save with car insurance

I do about 38%, but house is paid and I have no debt.

A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?

Such sound wisdom! Love it!

Mortgage pay down vs retirement investment. You're an adult! Do what you guys want... Dave taught you how to get out of debt already, the rest is up to you. His steps are a guideline, follow it or change it, but don't need to argue with Dave about it.

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

We invest 70% minus taxes and insurance.. we are 42 and millionaires.. house paid for, college paid for, zero debt .. We invest my wife’s entire salary .. minus taxes and insurance.. and 20% of my salary .. we live off only my salary ✌️

I invest 80% and regret nothing

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

15% should be the minimum.

I think this is one of the best videos Ramsey Solutions has put out explaining the rationale and intent of the Baby Steps. Explained with grace and to great effect.

I miss Chris Hogan, he was an amazing Ramsey personality.

The compound growth also works on the mortgage, the more you pay down the mortgage, the more of the mortgage payment goes towards paying the loan part of the mortgage and less towards money getting flushed down the toilet on interest.

Had the bass turned up and my head started rattling

Dave Ramsey, you really are such a decent man in the way you explained the "falling off the waggon" - Thank you for sharing your ideas with the rest of us

This guy's voice is deeper than my whole bank account

You can put whatever percentage you want into investing, Dave and others are just giving a number as a baseline. When you are increasing the money load in the bank, you can more or less spend and invest whatever you want on everything.

I'm thinking of putting about $700K into stocks since I've read that astute investors can make money even in hard times. Do you have any good plans for this year's stock market? I was just wondering what better assets than stocks to invest in right now, since I currently sit on a $500k inheritance.

Thank you Dave! Thinking I need to go back and review the baby steps to get us back on track…

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

Good question, sir

I've been on an aggressive debt paydown path, and recently i needed to get a new Catalytic converter for my car. It was very discouraging. I'll be fine and we have the savings, but those things do feel like a roadblock to your momentum

Miss Big Chris and his voice. Nice to hear an "old" video in this morning's walk.

Not an investment comment. I just have to say it: After years in debt I finally said: ENOUGH! Enough with auto-pay, it's not working. Enough being stressed. I went with paper-bill-statements. For the first time in three years, I'm not in the negative. I don't have much, but having a little, being in the green, is better than having nothing in the red. Also, it's helped me not make any UNNECESSARY purchases. I can breathe a little again

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Do you suggest I invest in real estate, stocks or Gold?

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

Thank you Dave Ramsey

very good video. thanks for the input/advice

Oh, good question. I've often wondered this. Especially if you're on the older end, say 42 with 0 in retirement. I see that he is wanting the house paid off first before you invest more. But, we have like 3% interest on our mortgage and only 48k left with a plan to pay off in less than 10 years. I don't think it's a bad idea to do more and pay off mortgage early at the same time. You'll never get the years of compound interest back. Everyone's situation is different.

I’m 18, living with parents. Make about 550 a week but 450 after paying 100 a week for rent and other stuff. I throw in almost every dollar into stocks. Right now I’m up over $2.2k

Great advice! These things make more and more sense the further along you go in your financial life. God Bless!

Smart advice, I’ve just started budgeting and this vid came up

Life is so much less stressful when emergencies happen and you have funds available to pay for the expense. Our furnace went out earlier this year, and yes it wasn’t ideal and it caused a bump in the road but because we had a rainy day fund we were able to pay for in cash and just move on with our life. It was an inconvenience not a major tragedy.

I invest 20-25% of my gross income each year. 15% is too low in my opinion especially pensions are harder to come by and not many people have employer matching.

I save 70% of my income, for years now. Granted I make good money, but it helped me so far. I already have my emergency funds.

I’m 19 and in the Air Force. Because my housing, food, and medical insurance is paid for by military (and no debt), literally the only things I need to worry about is my internet bill , data bill, and car insurance which all add up to about 300 a month. I only keep around 2k in my bank account and invest the rest which I guess is around 75% of my pay check. The reason I don’t have much money in my checking is because I don’t have many emergency obligations. I don’t need to worry about losing my job or about supporting a wife and kids. I am extremely blessed and thankful for the position that I am in, unlike many of my friends who didn’t put much thought into where their money was going. I know many of your circumstances are drastically different than mine, but being financially free for most people really just requires a little bit of prudence and self discipline.

Everyone should play with a compounding interest calculator at least once in their lives to see the potential over time. I'd invest 75% of my income if I could.

I followed the plan, now I'm a billionaire and discovered life in outer space.

Such a valuable video!!

You can totally invest more, just make sure it comes from the money you'd usually spend on your lifestyle.

Having listened to the Dave Ramsey show for 11 years now, this is a rare discussion that isn't a repeat, like 99% of the questions that have been asked before.

Absolutely excellent conversation. Chris and Dave ooze wisdom and experience

Multiple viewpoints. Dave Ramsey is right. A lot of it comes down to having to not get "too greedy" and live life while helping others and giving to those who also need help and allocating money for that.

i needed to hear this. thank you

15% is a good start but not written in stone. 15% just happens to work well for most people.

Dave has done so much. Not sure why people hate on him

Love this show

That was a good talk, one thing about saving $1,000 while your managing debt is if you don't save $1,000 for just in case then you can't save $10,000 for an emergency fund either.

The most common thing I hear about is people losing their home despite having a good income. Being raised in Mexico, my mom always owned her home. We were very poor but never, ever homeless. God forbid,

After we paid the house off we saved 27% of our gross income for years. Now retired we spend big bucks traveling the world, spending most of the interest.

Dave is a good guy. Listen to Dave.

Thank you for this! It's very helpful to understand the WHY behind the plan. It's not just math involved, there's emotion too, and the Baby Steps bring success to both.

I thought Dave got the 15% invested into retirement from the book The Millionaire next door. Can anyone confirm this?

Man this some great information

This is an amazing clip.

None of this matters if you think the process of building wealth is instant and easy.

If you invest more you can always convert those investments back into cash to pay off the house. Either way, it’s a good problem to have.

I really appreciate these talks and advices. I tried to install your budgeting app, but it's not available in Poland. Are you planning to change it?

The percentage depends on your income. The more you earn, the higher the percentage. 15% at $40K income is fantastic. 15% at $200K income is not enough.

I mean, you can always sell your investments, so it’s not really the same as becoming “house poor” or “car poor.”

Dave and Chris compliment each other. Great chemistry.

This video is brilliant!

You absolutely should invest more than 15% if you are able to do so. I get that Dave is steadfast in his plan, but you can absolutely tailor it to your own situation, especially if you are playing catch up. There are people in their 30s-40s getting debt free with hardly anything in retirement, they need to be putting way more than 15% in.

Started at 40k debt 2 years ago. Down to 19k now and got a substantial pay raise recently and sold my stupid car decision and got into another older vehicle 1/3 of the value I originally had (but ironically I like more). Expect to be debt free this year for the first time in 14 years. Work the plan, people!

Was waiting for a GEICO commercial

First time Ive seen an actual explanation of the $1000 emergency fund step! I appreciate hearing Dave admit that that step is in no way about the math, because that's been something Ive consistently not liked about the Ramsey plan for my personal situation. I think Id much rather have that same 1000 paying off part of a credit card in order to save on being charged interest and just use that same credit line in case of emergencies. I appreciate this explanation though and can see how as a general rule for most people who struggle with motivation or will only be motivated for a few months that this can be very emotionally helpful.

Invest in multiple streams, don't put it all in a pre-tax(401k type)..Agree with destroying the mortgage debt..

Debt free and i invest more than 40% of my income in a diverse portfolio spread across stocks bonds and etfs , and i've grown to a 7 figure portfolio also making use of a full service broker managing my portfolio..

Oh Chris, it was nice having you around

Dang! There's a lot of criticism here, today. Everything Dave suggests is just that: A SUGGESTION. Those who follow his tenets tend to do well. Far too many people in America have little to no financial guidance. If something else works well for you, great for you! You're special. If you're lost and found Dave, consider yourself blessed to have a guide who can get you on the path to financial freedom.

The $1000 fund is not enough to cover little bumps in the road anymore. Maybe new tires cost $250 a set 20 years ago, but now they're $600 a set. Everything that could be a small bump has gone up in price. $1000 may cover 1 or 2 bumps now, and 20 years ago, it could cover 4 or 5. We put away $3k in baby step one and are down to $500 already. Two minor car issues that cost $2k alone. Things. Are. Expensive. I do think the 1k model should be increased.

im 21 living at grandmas and put 80% in lol

So if I have a $100K that I could invest into an account that earns 8-11% compounding interest, why I pay off a financed home at $100K 2.8% APR and not invest the $100k?

I play this in the background as I do the dishes :)

The comment Dave made about the Brooke college professor,.. I decided to finish paying off my student loans because one of my college professors was still paying off Joe student loans. That scared me straight.

I hope God keeps Dave, Chris, and the whole Dave Ramsey’s team healthy and well for a long time! You guys saved my life.🙏

House paid off now all I do is invest its great

One thing that I heard that stuck me is that: the car engine or tire or what ever will blow on person car or house or what ever who does not have any saving and not on a person that sits on cash. I always keep 10k+ for any stuff like this. Somehow then it does not happen :D And also a spare in trunk