I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Allen Long. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Investing in international funds almost always sucks and the returns lag us companies…year after year after year…so why bother with international…besides US companies already do some of their business overseas so being in US companies, you're already benefitting from the international economies
Thanks for the breakdown! 🤔 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
Thanks for the analysis! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
… Ive been listening to your show , and although there aresome marked diffwrences in our economy to the US, many principles can be definitely be applied and arr useful , such as Keeping a budget, not overspending more than one makes a month, not eating out , paying in cash etc. Very interesting , has helped me control my expenses in this particular crisis moment in Argentina that prices have gone way above people' s income, and our purchasing power is gone.
Hi Dave im in Argentina . Here we have fondos comunes de inversion FCI ( transaltiin of mutual funds ) there are serveral risk types , from very conservative to higher risk ones . Since i dont know so much about this i go with lowest risk but one doesnt get much gain from it. Peoole here buy strong currency like us dollars instead , wichbprotects our savings more than keeping Argentinian pesos. Anything is better thannkeeping our currency due to our devaluation and inflation rates .
See this is the complete transparent advice that you can actually apply! And get this it’s SIMPLE lol 😂 just consistently invest in mutual funds 🤷🏽♂️ I have yet to hear any “advisors” explain the tools and actions needed to gain wealth like Dave Ramsey has
Dollar cost averaging, is buying every payday, setting it up automatically. Growth, aggressive growth, income, and international. Another way to say that is: Large cap index , small cap index, large cap blend index, and international index.
Amazing video, I'm thirty-two years old and have saved little over $50,000. Right now, it's 4.3 APR on a High Yields Savings account. I have dabbled in stocks a little bit in the past, but I have never really "invested." If you were me at my age, with the amount of money I have, and the state of the market at the moment, what would you do? How would you respond? Would it be a terrible idea for me to take it out and invest in Microsoft/Apple or perhaps an ETF like SPY/VOO? I'm watching Youtube vids on any assistance they may provide.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q4, 2023. Right now i am just looking for ways to recover
Back when gold was inexpensive to buy in the 70s and 80s was a great investment, Now Silver is on the rise. Hoping for a good return on my investment somday.
I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
Here’s Dave Ramsey’s plan in a nutshell. Get out of debt then invest and don’t stop. There you have it folks, one sentence. Easier said than done, but that’s everything
I want to begin investing but require some help. I want to spread my $125,000 across various markets for better diversification. Do you have any advice or suggestions for assistance?
Rental properties can provide a steady cash flow. The average return on investment (ROI) for real estate is higher than many other asset classes, often yielding 8-12% annually.
Index fund > mutual fund
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Allen Long. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Whats that kind of tape for on his head?
I've never seen anybody with skin that matches skin tone Band-Aids like Dave 😂
Investing in international funds almost always sucks and the returns lag us companies…year after year after year…so why bother with international…besides US companies already do some of their business overseas so being in US companies, you're already benefitting from the international economies
Is there a band aid on his head?
He has a bandaid on his head🤣
i saw this podcast a few weeks ago, and rewatching now , but i still don’t see you and him debating or you being nervous. i just see a conversation 😅.
Thanks for the breakdown! 🤔 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
Remember, you don't invest money you absolutely need.
And you will not get wealthy in your lifetime doing this, unless you have a high source of income.
I love the head bandaid
Thanks for the analysis! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
When you die what happens to your investments?
… Ive been listening to your show , and although there aresome marked diffwrences in our economy to the US, many principles can be definitely be applied and arr useful , such as Keeping a budget, not overspending more than one makes a month, not eating out , paying in cash etc. Very interesting , has helped me control my expenses in this particular crisis moment in Argentina that prices have gone way above people' s income, and our purchasing power is gone.
Hi Dave im in Argentina . Here we have fondos comunes de inversion FCI ( transaltiin of mutual funds ) there are serveral risk types , from very conservative to higher risk ones . Since i dont know so much about this i go with lowest risk but one doesnt get much gain from it. Peoole here buy strong currency like us dollars instead , wichbprotects our savings more than keeping Argentinian pesos. Anything is better thannkeeping our currency due to our devaluation and inflation rates .
So you’re saying if I, a 23 year old, invested monthly in the vanguard S&P 500 INDEX fund I’d be well on my way to living comfortably?
See this is the complete transparent advice that you can actually apply! And get this it’s SIMPLE lol 😂 just consistently invest in mutual funds 🤷🏽♂️ I have yet to hear any “advisors” explain the tools and actions needed to gain wealth like Dave Ramsey has
Ok wats the top of your head tho???
Dollar cost averaging, is buying every payday, setting it up automatically. Growth, aggressive growth, income, and international. Another way to say that is: Large cap index , small cap index, large cap blend index, and international index.
Amazing video, I'm thirty-two years old and have saved little over $50,000. Right now, it's 4.3 APR on a High Yields Savings account. I have dabbled in stocks a little bit in the past, but I have never really "invested." If you were me at my age, with the amount of money I have, and the state of the market at the moment, what would you do? How would you respond? Would it be a terrible idea for me to take it out and invest in Microsoft/Apple or perhaps an ETF like SPY/VOO? I'm watching Youtube vids on any assistance they may provide.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q4, 2023. Right now i am just looking for ways to recover
Back when gold was inexpensive to buy in the 70s and 80s was a great investment, Now Silver is on the rise. Hoping for a good return on my investment somday.
I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
Here’s Dave Ramsey’s plan in a nutshell. Get out of debt then invest and don’t stop. There you have it folks, one sentence. Easier said than done, but that’s everything
whats on his head?
VTI and chill until retirement
All mine is losing my money
Can you list those funds / tickers plz?
What's on Bucko's head ?
It’s so simple. Invest every month in a world ETF and you’re good. Do this for 20 years.
Too high fees in mutual fund etf are better
We know dave you say this 10 times a week.
😂🎉😊
Examples?
@theramseyshow what platform is the best to use for investing?
I want to begin investing but require some help. I want to spread my $125,000 across various markets for better diversification.
Do you have any advice or suggestions for assistance?
Starting ETF investing for the long haul. Thanks for confirming what I needed to believe in.
Is that a Band-Aid on your head?
no REITs?
It's nice to have land
Rental properties can provide a steady cash flow.
The average return on investment (ROI) for real estate is higher than many other asset classes, often yielding 8-12% annually.
Mutual Funds have fees. Just check the holdings inside the fund nad buy the stocks and save the fees. Bad advice.
Is that makeup on his head?