November 4, 2024

39 thoughts on “Dave Ramsey: You Only Need To Know These 5 Rules

  1. With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.

  2. I’ve never had a budget my entire lifetime. I’m 65 now. My mortgage has been paid for a few years, have almost a million dollars 401k. Probably should be More by now!

  3. Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

  4. I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

  5. I just sold a property in Portland and am considering investing the proceeds in stocks. I know everyone says the market is ripe, but is now a good time to buy? How long till complete recovery? How are other people in the same market making over $450,000 in just a few months? I'm truly baffled at this point.

  6. Dont agree with the zero credit card ideology. Its good to build credit, and maintain it above 750. I would agree that you should have a credit card if you're in debt, get out of debt first and use that learned discipline. Its just important to be 100% disciplined with your finances every single month to not get dinged.

  7. I struggled financially, but by being frugal and smart with money I was able to retire comfortably at 59. I'm SUPER HAPPY that I don't have to worry about money or have to go to work. It bought me happiness!

  8. Considering how volatile the stock market is right now, I think investors should focus on cheap stocks. Of my $270k portfolio, 35% consists of formerly well-regarded stocks that are currently experiencing a sharp decrease. I have no idea how to escape this awful circumstance.

  9. As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

  10. Fantastic speach 👏👍 I've been doing my budget since 2007 and I can't imagine anybody not doing one. I've made mine by myself in mobile Excell and through all those years it grew and expanded to all sorts of calculations, allowed me to see, visualize and control how much I need on my dream goals and showed me exactly when they can become a reality. If you don't yet have a budget I highly recommend that you start one right away like the man said.
    Ps. Generosity is a wonderful idea which I try to apply to my life daily. You might help those who need money, food or a hand, no doubt, but wait till you see how superb it'll make you feel. It's magical and so much fun to help others 😊

  11. Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

  12. The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.

  13. Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life

  14. Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

  15. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

  16. I agree these principles work to accumulate money or save money so you have have money. But, ironically few people understand that the root problem with money is that it is based on the dollar which is dying. Our money is based on vapor or fiat money that has no backing or asset value. The culture we live in is the problem. We have a borrow culture based on an economy that will only run if most if not all of us borrow money. So, everything in society will encourage your to borrow to keep the "fiat" engine moving. So, we can learn these principles and thrive better with a budget, yes, but overall the tides of tyranny are at hand. The real value would most likely be precious metals or real asset value. So, regardless of how much money we save we are still swimming in a sea of inflation that moves up prices of goods and services so we all feel the rise of the toxic tides. If change can happen with the overall economy then we could theoretically lower inflation and lower the price of goods and services that affect/effect everyone. Being conservative works and it takes lots and lots of time as the pace of our culture speeds up around us. Don't be fooled by the corrupt economy and yes we must have some form of conservative nature to generate, save, and protect our family but there are systemic flaws at hand that affect us all in a big way. Change must happen! A big collapse is likely… without a bailout.

  17. Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

  18. @kreuzrittergottes9336

    8 months ago (edited)

    people that get into cc debt is baffeling to me. treat the card like a debit card. it pays me 250 year to use it in this manner. plus, people constantly steal my cc, well, not my prob. get a new one and report fraud. not so easy with a debit

  19. 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.

  20. I feel investors should be focusing on under-the-radar stocks, and considering the rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

  21. Tried to listen but dang your yelling in my ear in my headphones just can't listen to the yelling in this one… But I do like your suggestions and talks

  22. I'm a happy guy I'm the guy that have fun in an empty room with my imagination give me more money or should I say earn more money and I enjoy helping other people give me a Head Rush he's right money all it does is enhance who you really are😂

  23. I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

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