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Dave Ramsey shares a story from his life about how he went completely broke after becoming a self-made millionaire by the time he was 26 years old. He emphasizes the importance of the 5 rules for building wealth and living a happy life.
Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content!
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Dave Ramsey
youtube.com/c/TheRamseyShow
Celebration Church - Texas | Italy | Mozambique
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Dave Ramsey's Life Advice Will Leave You SPEECHLESS (MUST WA
Views : 10,831,871
Genre: Education
Date of upload: Jun 9, 2022 ^^
Rating : 4.781 (8,707/150,353 LTDR)
RYD date created : 2024-04-18T21:34:29.40477Z
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YouTube Comments - 9.3K Comments
Top Comments of this video!! :3
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
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People are facing a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
562 |
I feel investors should be focusing on under-the-radar stocks, and considering the current 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
1.1K |
I think the stock market will do well in 2024, so I'm thinking of putting $220,000 into stocks for my retirement. Any advice on doing this safely? Also, any important tips for the current financial situation?
2.6K |
Wow, at the age of 53 I lost my wife to cancer, I and we were on top of the world financially, our children were grown and gone, out of state, I was alone, I felt I have more to give, so I adopted 5 children, yes 5, they are all from the same family, in the system and about to be separated, I took them, itβs been rough, here we are 10 years later, life is great. Itβs wonderful to give my life to children who needed itβ¦.bless everyone
4.7K |
Every family has a person who breaks the chain of poverty. I hope you will be that person!!
2K |
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
480 |
Thinking about when I almost gave up on life and how I managed to increase my financial situation to six figures, I feel very satisfied and very grateful to GOD.
144 |
Wealth/success is determined by the actions you take to acquire it. Show me a man who does not have an investment, and I will tell you how quickly he will become bankrupt. Investment is creating a safe haven for the future: with the correct investment selections that have the lowest risk and expert direction, profit and interest should be ensured.
795 |
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . Iβve been sitting on over $545K equity from a home sale and Iβm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
1.1K |
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
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Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
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LIBERTONCORP is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
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Thank you, Just what I needed to watch really. My hubby and I are directors of our farm business and own property plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate if you could go LIVE and talk about how to earn passive income online and retire comfortably
517 |
At 42, I've come to realize that money is a tool. Iβve worked so hard over the years to realize that if you donβt make money work for you, you canβt experience true freedom. Iβm glad I found that out although it was later in life, but that marked the turning point in my finances.
71 |
Expectations for 2024 is that markets starts to broaden out more, with the rates cut holding steady, i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
591 |
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
936 |
I've got food in my stomach, clothes on my back, a roof over my head, and money in my pocket. I'm rich!
485 |
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!!
286 |
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2. To get free stocks, you need to open an account and make a small deposit.
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