Thank you. Geez. We didn’t need all of that background.

Lol

GOAT

Agreed!!

I have almost 39K in cash myself but I would way rather get a better job and use the money to survive and pay for travel current housing and other responsiblitties than have it invested. By almost doubling my income I can have another 45k in likey 1/2 the time if not faster. Investing is good but increasing my income if far faster for the amount of money I have in the end.

@@donaldlyons17 lol obviously if you need the money for things don't invest it. However, having money sitting there makes no sense if you don't have a direct use for it. Increasing wages is always the plan no matter how much money you have currently.

I used to keep around the same amount waiting for a dip in the stock market buy more. I'm now sitting at under 250k. I plan to finance my next house pending interest rate.

@@donaldlyons17 ???????

The whole time I’m like we get it get to the point. Just goes on and on and on.

And she’s educating children. I shudder to think of the results.

@@genxx2724 lol

@@genxx2724 you're pretty arrogant as it is

@@webfreakz This woman is a good reason for children to be in school, rather than home-schooled, where who-knows-what is going on. I have a graduate degree and I would never be so arrogant as to think I know how to teach. The only reason I make exception to this is that things have gone off the deep end in schools these days, so it might be better to have the kids at home.

It would be double

Yep. That $500K would be more like $2M today. But hindsight is 20-20.

True true

Yesss I was so exhausted just hearing her live in fear, those poor kids

I don’t think it’s by choice, being immunocompromised is no joke

@@bossnarwhale7342 Yeah, I picked up on that, but being that far from civilization, they are also that far from urgent medical care.

Ditto

More than ever!! Lol "What's your question DARLING?"...so sweet.

🤣🤣🤣

She probably wears the pants in the relationship

I know, Dave was irritated by her within 2 mins of meeting her. 😂

Buyers will rip the renovations out anyway, and re-do it to their liking.

@@genxx2724 Not all of them.

It is a good idea with this high inflation you are literally getting paid to take out a mortgage

@@dababycar2899 Still got to pay it back though.

@@johnristheanswer yes, it’s a lot better than paying in cash

@@dababycar2899 Paying for something in cash will always beat taking a loan out.

@@Zeroshift21 math disagrees but emotion agrees with yoo

😂 good one

You need to get another mortgage. ;)

@@Lexethan2011 Heck, get 2!

Ten years from now you might find your biggest regret was not investing it instead

I don’t either. But I totally understand the psych hack of paying off the mortgage. But the balance sheet says otherwise. They focus on having a paid off home and 500k in retirement vs owing 250k on the house and having 3 million through investments

He has explained a thousand times why he recommends paying off the house over carrying a mortgage as long as possible to dump as much as possible into the market. And if you look at any of the crashes and downturns of the past it’s fairly clear why he has said that. For one when he speaks on 12% he speaks that since the inception of the markets over time it has averaged that rate of return - which obviously is not saying the market earns 12% every year like clockwork to where you know you can borrow at 3% and earn let’s even say 7% every year consistently. The average obviously means some years have giant downturns and others have upswings to come to that average. Which I am sure you are aware of and appreciate being the case. But the reason why one would pay off their home early is not a math rationale nor does Dave argue it to be one. It’s a peace and well being rationale that involves math to the extent of eliminating risk. The mental well being that accompanies having a paid for home accounts for a lot just as paper returns that aren’t realized until an asset is sold so. The leverage argument is a great one assuming an ideal world without risk and downturns and the impact that result. It’s the same reason why somebody 99.9% of the time (maybe you’re different) wouldn’t have a $500K paid for home and decide to go take a $400K mortgage at 3% to throw into the market while they pay the mortgage on it. And that reason is easy because actively doing that brings risk right to your face. But when it comes to leaving that same loan in place so that you can keep investing more into the market it doesn’t bring the risk forward and just seems smart. And if that’s what you want to do then go ahead do it. But look to even the recession where the banks all leveraged themselves to the hilt because the returns they’d make with the leverage was so profitable. And for a long time that was accurate until a downturn came and suddenly the immense leverage and declining values of everything suddenly made them illliqiid and without the government going crazy like they did many banks that a year or less prior were profitable to record highs using that leverage when things were clicking. Risk is the factor that people always ignore here and what factor they plays. I doubt you’d go get a six figure loan at risk of your home to throw the money in the market, which is the same math as leaving a mortgage around to keep throwing the money you’d be paying it off with into the market. But maybe you would do that and you have the risk tolerance for it - but it’s never been as simple as this comment loves laying it out as it being. Let’s also not ignore that paying off their home isn’t why that money isn’t in the market as if it would’ve been if it was still attached as a mortgage. The husband is very risk adverse hence why it’s parked the way it is.

Maryland.. she's probably exaggerating.

2 hours, NM

Big time and love how he said to the caller "what's your question darling?"

What does that have to do with this?

they did it so the "mom and pop" owners are forced to sell to the mega corps, which are buying rental properties as fast as they possibly can.

@@darex0827 so what? You invest in real estate, you are still taking a risk.

@@johnSmith-uz8nl This outrageous government action was not a risk people accepted when they bought property.

@@johnSmith-uz8nl This wasn't risks accepted! This was theft. No one signed up for the government to steal their investments and let a stranger lived for free for 2 years, you corrupt goon.

Lol what? Pool sounds way riskier. And you don’t even know if the lessons were outdoor? Most in our area are indoor lessons

@@alqoshgirl So you think swimming lessons are riskier than sitting in an office? I'm talking about a large pool in which swimming lessons would be given, not eight people sitting in a child's wading pool. What difference does it make if the lessons are indoor or outdoor? Indoor pools are not in small, confined spaces. The only difference between indoor pools and outdoor pools is there's a roof overhead, but it in no way would be a confined space like sitting in an office.

All

Lol 😂 me too

If her kid is immuno compromised then she is smart. If you are healthy and relatively young I wouldn't be scared. If I was immuno compromised I would change my lifestyle a little nothing wrong with that.

I think Ryan is referring to the fact that the illness going around is a scam.. which has been proven to be true.. See you in 2034 when you get your 15th vaccine

Or a tool of the wise with discipline

Here in NL they count houses up to 355k as "social housing" as I found recently. What the heck!?

@@webfreakz NL as in Newfoundland?? Lol

@@bigd9040 Netherlands, the center of the universe ;)

B.F.E.

Nope, it is still debt.

​@@alinatamashevich3354 You are right. Thanks for the reminder.

@@ski-do if he won't update his out of date advice when they fell below 3% I wouldn't hold my breath.

Nope, it is still theft. Wealthy people do not allow their money to be stolen, poor people do.

@Jarod Armstrong Oh, well good thing Dave has a doctorate degree in some medical field. That’s sarcasm, he’s about as far away from a PhD as anyone can be.

It sounds like they're also pretty far away from emergency medical care.

Plus he’s trying to get commission on the investor pros.

How much you think 'ole papa Dave keeps in cash? Wealthy people always have cash on hand to score deals, while broke jokes are begging banks for loans.

Not a noun, sorry.

You mean Putz?

@@alinatamashevich3354 no I’m a golfer, he’s a putts

@@timothyjohn9412 People can be verbs? That's news to me.

@@timothyjohn9412 Well, hole in one, still counts against you.