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Dave Ramsey Loses His Mind Over This Advice On Instagram! 

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11 сен 2022

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Комментарии : 2,9 тыс.   
@MiquelMorterero
@MiquelMorterero 4 дня назад
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
@AnabelaWer
@AnabelaWer 4 дня назад
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@WilliamRosser487
@WilliamRosser487 4 дня назад
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
@JustinWitt07
@JustinWitt07 4 дня назад
@@WilliamRosser487 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@WilliamRosser487
@WilliamRosser487 4 дня назад
Jennifer Lea Jenson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@RicardoMontilla185
@RicardoMontilla185 4 дня назад
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@nopenope7777
@nopenope7777 11 месяцев назад
There is a saying my dad taught me that he was taught. "If you need to do a bunch of complex stuff to earn money you're being scammed, doing something illegal, putting yourself at financial risk or a combination of the 3."
@riversheppherd121
@riversheppherd121 Месяц назад
Rip science/ day traders/ investors/ and other really smart jobs I’m not qualified for
@danthelambboy
@danthelambboy Месяц назад
I use my 24 month 0% interest credit card to put all my spending on and then take the value of my purchases and put it on the stock market, I also use this credit card to buy anything that looks like it will inflate and then save for the future so I buy the goods at a reduced cost and only need to pay it off in the future when I have more from investments, I invest far more than my debt so even if the investment goes down I will have more to pay off the credit
@KitMin211
@KitMin211 Месяц назад
That's still financial risk, it might be no risk in your opinion but it is.
@ROMANEMPIRE69
@ROMANEMPIRE69 26 дней назад
Good advice. Your dad should tell all the people that get scammed by mlm before they start.
@haveaday1812
@haveaday1812 22 дня назад
Dirty hands, clean money.
@gilagarden2535
@gilagarden2535 4 месяца назад
Rachel: "Oh~ He's so proud...." Dave: "He's so Slimey!"
@TheSecondWitness
@TheSecondWitness Месяц назад
@gilagarden2535 Exactly 😂
@Wealth_Atlas
@Wealth_Atlas Месяц назад
Truuee he did really said that 😂😂😂 and she did too!!!🤣🤣🤣😂😂
@Joshuastem5622
@Joshuastem5622 Год назад
Rachel: “I don’t wanna harp on them” Dave: “WELL I DO”
@jaredhammonds8255
@jaredhammonds8255 Год назад
Yeah she's too soft
@moisesarmando3156
@moisesarmando3156 8 месяцев назад
Being kind hearted does not make you "soft", frat boy@@jaredhammonds8255
@Dude357
@Dude357 4 месяца назад
She loves Disney and Netflix. Of course she's soft.
@dman1069
@dman1069 3 месяца назад
Rachel is annoying
@MisterGoodGod
@MisterGoodGod 2 месяца назад
@@Dude357 Loving disney is to love a nefarious company. They are destroying the minds of our youth.
@masqueradinglampshade4369
@masqueradinglampshade4369 Год назад
"I'm having trouble finding intelligent life on TikTok." 😆 Truer words were never spoken.
@georgetterobinson01
@georgetterobinson01 Месяц назад
Right?😂😂
@sonnybydesign1095
@sonnybydesign1095 Месяц назад
I found dave ramsey on tiktok so at least it's one
@kevinc.3717
@kevinc.3717 10 месяцев назад
"He drips with arrogance" Beautiful and that's his good points! Love it!!
@kajuta240
@kajuta240 3 месяца назад
Coming from the guy who talks down to everyone. Just rich.
@christian-gu5oq
@christian-gu5oq Месяц назад
Dave dripped in arrogance in this video ngl
@jeanniebishop6775
@jeanniebishop6775 Месяц назад
The fact that he has ealked the talk and knows his stuff makes his arrogance palatable. I love his show.
@AbeFroman-zx5hs
@AbeFroman-zx5hs Месяц назад
So does Ramsey. Lol.
@riccardocentonze
@riccardocentonze 17 дней назад
And , from an economics point of view, that is not an arbitrage operation. That is a weird kind of financial leverage maximum
@dianesullivan5338
@dianesullivan5338 25 дней назад
Building passive income through dividends is a solid strategy, but for me, early retirement with financial freedom is the ultimate win - especially if it means having a million at my fingertips. I'm ready, but here's what I'm after: what can I do to capitalize on the next market surge and accelerate my path to independence?
@PennyBergeron-os4ch
@PennyBergeron-os4ch 25 дней назад
Whenever you're ready, hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
@FinnBraylon
@FinnBraylon 25 дней назад
I was taught well on how to save, nothing on dividends, but now in my mid 30s, I'm really ratcheting up investments with the help of a reputable advisor, realized nearly $800k after subsequent investments in barely 4 years so far. I do think I have dropped a lot of stress about finances having a long term perspective about investing.
@HildaBennet
@HildaBennet 25 дней назад
This is great! think your manager would get on the phone with an unknown? I'm concerned about my savings due to high inflation.
@FinnBraylon
@FinnBraylon 25 дней назад
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@HildaBennet
@HildaBennet 25 дней назад
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your pointers
@elicash315
@elicash315 Год назад
If you take a car loan from a bank and spend that money elsewhere, that’s called fraud
@HogRiderrr
@HogRiderrr Год назад
@clot shots that’s adding context to what she did. The comment you replied to is in a general context.
@altenberg-greifenstein
@altenberg-greifenstein Год назад
@clot shots When her father asks her to explain it again, she is clearly stating that she is taking the money from the bank, which are then her own dollars, and gives those dollars to someone else for a higher interest rate. She said it clearly on video, means it is fraud and she admitted to it.
@cloudyeight
@cloudyeight Год назад
@@altenberg-greifenstein no. She said she's using her money to invest in the AirBNB and the return from that will help pay off her car loan.
@marshallhosel1247
@marshallhosel1247 Год назад
The supposed facts don’t add up as Dave rightly points out, but it makes for a good sound bite. I worry that an entire TikTok generation with believe the schemes are the path the wealth generation. The magic of compounding is the true path.
@mikerzisu9508
@mikerzisu9508 Год назад
@@cloudyeight right. She is taking out a car loan, so the bank is paying the car dealership for her car and the bank expects to be paid back at a rate of 3.5% interest. She is taking her money that she is not obligated to pay the bank with, and investing it in an rental property at a higher return than 3.5% interest. No fraud being committed here.
@dcastropty
@dcastropty Год назад
Rachel setting this up to trigger her dad is just epic. Keep these coming.
@epr1
@epr1 Год назад
Never knew she was his daughter ha
@danielbradleyx
@danielbradleyx Год назад
i know we've all been there, just teeing up something on social media for parents recation
@ultraali453
@ultraali453 Год назад
Thats what kids do, lol
@dungeonmaster6292
@dungeonmaster6292 Год назад
Talentless. Hacks.
@aj8847
@aj8847 Год назад
That's exactly what I was thinking!!! LOL I had to check the comments just to see if anyone else was calling her out on it hahaha
@deniseah5822
@deniseah5822 Год назад
I had a father like this and I was in debt until 50yo. I wish Dave was my dad. I try to teach my kids like Dave teaches. I pray they will grow wise.
@SweetEssie
@SweetEssie 6 месяцев назад
Dave is your Rich Dad.
@XFizzlepop-Berrytwist
@XFizzlepop-Berrytwist 5 месяцев назад
Dave has helped people sure, I might not agree with everything he says though. But usually he does have general decent to good advice.
@adorimonroe1
@adorimonroe1 20 дней назад
I have my son watch him. We’re learning together
@feedandseed-fl3er
@feedandseed-fl3er 8 дней назад
"Even though my dad did his best to educate me with the knowledge he had, he was no expert. Therefore, I wish I could discard him". Sweet baby Jesus, give me the strength not to be pro-choice.
@chronicleabsolute
@chronicleabsolute Год назад
The more complicated the advice is, the more you should stay away from it. Dave's advise is simple and it works. More importantly it forces you to be responsible.
@km3106
@km3106 Год назад
His advice is only good for people who have racked up massive debt or have no self control in having a credit card.
@Kaleki935
@Kaleki935 Год назад
@@km3106 how about send over an extra $500/month to anyone you criticize, or buy them their car outright. At least then you can't be blind to income differentials which are literally what make someone go into bad debt to begin with. Jobs are far and people make mistakes, if people like YOU didn't perpetuate such a cancerous culture, then the average would undoubtedly be much happier and more prosperous.
@blakeware6830
@blakeware6830 11 месяцев назад
@@km3106wrong, it’s good for everyone. If you have no debt, great. You can still build massive wealth through his plan. It’s not really a plan as it is just common sense.
@danielsmith9130
@danielsmith9130 11 месяцев назад
​@km3106 TBF you just described 90% of Americans old enough to accrue debt and manage finances.😅
@pmw3839
@pmw3839 11 месяцев назад
And it gives you peace of mind. Which is huge. No one knows what is round the corner. We could succumb to a horrible illness, or be knocked down by a bus. If something bad happens, we may need to focus our attention elsewhere. In that event, the last thing we would want to have is a complicated financial strategy that we need to keep on top of.
@goldengirl5165
@goldengirl5165 3 месяца назад
With that $7,000 she could buy a really nice used car!
@bernadette573
@bernadette573 Месяц назад
Too young to drive. She bought her dad a car.
@NicoleLLewis
@NicoleLLewis Месяц назад
​@bernadette573 he reminds me of those parents who used their kids identity to take out debt. Gross!
@goldengirl5165
@goldengirl5165 Месяц назад
@@bernadette573 true
@goldengirl5165
@goldengirl5165 Месяц назад
@@NicoleLLewis exactly!
@goldengirl5165
@goldengirl5165 Месяц назад
@bernadette573 true...
@sheilayoung8007
@sheilayoung8007 Год назад
Dad got a car and used his daughter's money to buy an Airbnb! He is basically stealing from his daughter.
@Msnanamac
@Msnanamac Год назад
It's annoying and distracting. Let the lady finish her sentence.
@hedgiegal3340
@hedgiegal3340 Год назад
Thaaaat's what it sounds like.
@peacelovejoyandhappiness
@peacelovejoyandhappiness Год назад
@@Msnanamac do you mean Dave Ramsey interrupting the other host?
@peacelovejoyandhappiness
@peacelovejoyandhappiness Год назад
@@Msnanamac I agree with you, very impolite for Mr. Ramsey to do. Some people are not very good with interviewing and conversation. Improvements can be made; we just have to work on our imperfections. I continually do as I am definitely not perfect. I read your thoughts and knew right away I felt that way too.
@harthart7529
@harthart7529 Год назад
@@peacelovejoyandhappiness well it’s his show, he doesn’t need to ask her if he can speak.
@KurtisB
@KurtisB Год назад
There's no way she's getting 3.5% without his co-sign.
@Dan16673
@Dan16673 Год назад
Yup
@KurtisB
@KurtisB Год назад
@@thebeegood1731 Right. Dave said she's 15 but the video they watched never stated her age lol. I just thought maybe she's 18 which would explain the loan with a co-sign.
@Rashaadthegr8
@Rashaadthegr8 Год назад
I waited until after college to get a car and still had to get my dad to cosign to get a rate that low.
@sparks6177
@sparks6177 Год назад
@@KurtisB at 18 a 3.5% car loan would be impossible, even if she put 7000$ of her own money down to prove she could make the payments. You can actually take out car loans at 15 but it’s really the co-signer taking the liability so it’s only your loan in name but it functions as if the co-signer is the borrower. The whole clip stinks of someone trying to sell a course or milk views through pie in the sky investing strategies for those that don’t want to do the work of saving money and investing it in a responsible, boring way
@steveoh1111
@steveoh1111 Год назад
They conveniently left that out of course lol
@Musicienne-DAB1995
@Musicienne-DAB1995 Год назад
I don't have a tenth of Dave's financial knowledge, and I was left baffled and disgusted by this ridiculous Instagram video. It just didn't sound right, but I couldn't explain why. And yes-- TikTok is where logic, truth, and attention spans go to die.
@deadfireking3
@deadfireking3 Год назад
Count your self lucky. PS the video they played is 100% correct.
@tombraendle7156
@tombraendle7156 11 месяцев назад
You can do that theoretically but it’s more of a luck game. Nothing can break down, you always have someone inside and a few other variables.
@mr.nilraps
@mr.nilraps 2 месяца назад
Just because you personally don’t understand how something works doesn’t mean it doesn’t work. That’s a common logical fallacy called argument from incredulity. The Tik Tok video uses a common tactic that people with enough money in the bank use to offset the interest cost of a loan. The most basic form of this would be you have $30k in the bank and you want to buy a car for $30k. Should you pay for the car outright? Not necessarily. If you can get a loan with a sufficiently small APR, we’ll use their example of 3.5% you can instead take the $30k in your account and put it into something with a larger return than 3.5% like a 5% high yield savings account and pay the loan payments from that account. So what happens is you’ve offset the APR of the loan and instead of paying an additional 3.5% interest on top of the cost of the car you’ve made 1.5% interest over the life of the loan without the loan affecting your day to day cash flow. Dave’s take on this is very specific to the video’s particular investment because it’s a much greater risk. But you don’t need to invest like they did. There are many other ways to get an above 3.5% return on your money. The method DOES work in practice, not just in theory, despite Dave’s claims of supposedly no millionaires having done it. The trick is the loan needs a low enough interest rate that you can guarantee a higher rate of return by investing your money. You also need enough saved up for the interest you’re gaining to cover the interest lost. The way this family did it was just nonsense because you can’t guarantee that rate of return and money invested in real estate of any kind can’t be taken out easily. Also, Dave is falsely attributing this to a method of “getting rich,” it’s not. It’s merely a way to mitigate cost on a major expense.
@Tickleyourpickle420
@Tickleyourpickle420 Месяц назад
​@@mr.nilrapsshe's claiming she's getting a car for free. Her dad has clearly put very poor ideas into her head. There is no free car. The #'s they are stating are absurd. The 3.5% car loan is not based in any sensible reality.
@christian-gu5oq
@christian-gu5oq Месяц назад
⁠​⁠@@Tickleyourpickle420her car is being paid for by the Airbnb which is how wealthy people use money. You buy assets to pay for liabilities
@patrickaltman6907
@patrickaltman6907 Год назад
Thank you Dave and Rachel for exposing a real con artist.
@SweetEssie
@SweetEssie 6 месяцев назад
I was sitting here wondering how a teenager can get a car loan at 3.5%, much less the Airbnb
@johndone8045
@johndone8045 11 дней назад
​@@SweetEssiei am guessing dad co sign and dad already has airbnb properties or connections, she just used those money to chip in
@SweetEssie
@SweetEssie 11 дней назад
@johndone8045 Yes but she's 15! I didn't even know you can get a car loan at 15 even with a co sign. I thought you had to be at least 18. Maybe they are lying or maybe it's something I never knew. She also can't own an air bnb legally so what is up with that? 🤥
@longarmsgiraffe0955
@longarmsgiraffe0955 Год назад
Rachel is by far the best co host of this show. I love how she calls Dave out and tells him to shut up. Their dynamic is just great
@oohdatbuck09
@oohdatbuck09 Год назад
Lol it's because she's his daughter. Everyone else is scared of him.
@vanillaj8883
@vanillaj8883 Год назад
@@oohdatbuck09 you aint lyin
@jackjack4412
@jackjack4412 Год назад
@@oohdatbuck09 the guys that weren't afraid of him got fired, let go or left.
@oohdatbuck09
@oohdatbuck09 Год назад
@@jackjack4412 ding ding. Exactly
@ofcmerchant7442
@ofcmerchant7442 Год назад
They are great together
@sasukesuite1
@sasukesuite1 Год назад
I love how she really assumes her AirBnB is ALWAYS going to have renters and the water heater/AC won’t break. Never leverage money in anything with risk. You’re begging Murphy to come in.
@Gelo2000origami
@Gelo2000origami Год назад
Maybe her arbitrage was to pay for the broken water heater for her bouncy castle air bnb 😂
@jordanjenkins1671
@jordanjenkins1671 Год назад
She assumes that because she trusts her dad, and he said so with complete confidence to her.
@reese85
@reese85 Год назад
There’s a risk in everything
@annarebecca3384
@annarebecca3384 Год назад
We just paid $11,000+ to replace the pump which is 300 feet down the well. Mainenance on a house/rental is a killer.
@reese85
@reese85 Год назад
@@annarebecca3384 home shield helps with repairs
@mEnTL32
@mEnTL32 Месяц назад
I can't be the only one who thinks this dad looks EXACTLY like someone who gives this kind of advice
@kbrizy7490
@kbrizy7490 Месяц назад
100% - forgive my French, but a total doucher.
@pspublic13
@pspublic13 Месяц назад
That arbitrage dad was definitely 100% Grade A A**hole.
@Wealth_Atlas
@Wealth_Atlas Месяц назад
And the same type that would try and hit on a girl that age
@feedandseed-fl3er
@feedandseed-fl3er 8 дней назад
​@@Wealth_AtlasThe pettiness coming out of y'all. So childish lol.
@Wealth_Atlas
@Wealth_Atlas День назад
@@feedandseed-fl3er 😔
@tuffchucky1402
@tuffchucky1402 9 месяцев назад
Just would like to thank you Dave for all you do to help the people that will follow your guidelines, it's real, it works, THANK YOU again and all the people that assist you in this glorious effort.
@jmthomas3462
@jmthomas3462 Год назад
I used to think she didn't deserve this job and only got it because he's her dad. But now I see that she's the only one that can even come close to managing Dave and getting him to at least explain his stance a little bit beyond just name-calling.
@scotth4613
@scotth4613 Год назад
I agree completely. Felt the same, feel the same.
@littleripper312
@littleripper312 Год назад
I like the dynamics of these two the best.
@SD-ip2wb
@SD-ip2wb Год назад
She’s a mumbler and inarticulate and I actually find her treating him like an equal awkward
@dungeonmaster6292
@dungeonmaster6292 Год назад
@@SD-ip2wb these people are talentles hacks
@succulentqueen7737
@succulentqueen7737 Год назад
I think Rachel is proud of her dad, and she shares his passion, more so than his other children. I think it's a good thing that a proud father who recognizes his daughter's ambition gave her this career opportunity. She has a perspective that adds to the content that Dave provides.
@David-wo9un
@David-wo9un Год назад
My favorite Ramsey videos is Dave and Rachel discussing topics together; the combination of them is very entertaining. Dave was right, that child didn’t even know what she was talking about; she was parroting everything Dad taught her.
@ryanthepianoman27
@ryanthepianoman27 Год назад
* old Dave was far better
@userasdf1546
@userasdf1546 Год назад
It's because Rachel knows she can't get fired. The other coworkers are afraid to step on Dave's toes
@Sara_The_Feral_Housewife
@Sara_The_Feral_Housewife Год назад
Isn't parroting what all children do to learn? You probably parrot things all the time. Books, articles, news, your friends, your spouse. I guarantee that you copy people regularly.
@G360LIVE
@G360LIVE Год назад
@@Sara_The_Feral_Housewife That was his point. He wasn't insulting the daughter by saying she was parroting; just pointing out that she only knew as much as dad told her, and dad didn't seem to know very much in the first place.
@liamwelsh5565
@liamwelsh5565 Год назад
@@Sara_The_Feral_Housewife I guess you call it bad parroting then lol.
@katherinebonkowski8925
@katherinebonkowski8925 Год назад
Dave is so funny. Its horrific what people do to themselves. You never 'Barrow' against yourself, start there.
@DovaGeris
@DovaGeris 9 месяцев назад
When Rachel says, "he's so proud"...and smile...🤣😂🤣
@lindaparks4486
@lindaparks4486 Год назад
It cracks me up when people tell you the exciting part but not pitfalls
@grantv2313
@grantv2313 Год назад
That’s all the internet is anymore! Including this show .
@BS-ek3mt
@BS-ek3mt Год назад
@@grantv2313 you must have followed the Instagram advice so now your angry :/
@grantv2313
@grantv2313 Год назад
@@BS-ek3mt Not angry at all. Have just seen the same stuff on this show from a different angle. They love to gloat and swoon all over people who have magically found unrealistic success and don’t ask any questions as to how it actually happened. . They just did that much better than everyone else because they’re “that good.”
@DaveW74TVN
@DaveW74TVN Год назад
@@grantv2313 being debt free isn't unrealistic nor is investing 15% of your income throughout your working life.
@thecarnivoremama
@thecarnivoremama Год назад
😂 Dave is the dad everyone needs haha
@JustinCase780
@JustinCase780 Год назад
That's why he's "The Papa"
@jimmymcgill6778
@jimmymcgill6778 Год назад
Not me.
@danielabebe6869
@danielabebe6869 Год назад
@@jimmymcgill6778 What color is your Bugatti?
@SPY_0_DTE
@SPY_0_DTE Год назад
@@danielabebe6869 probably the same as yours
@front331
@front331 Год назад
@@danielabebe6869 Jimmy drives a 1994 Chevy Cavalier 🤣.
@TheMomanslm
@TheMomanslm Год назад
She's too young to get a loan but say she takes out a car loan then doesn't buy the car? I believe that would be actionable fraud.
@rossmacintosh5652
@rossmacintosh5652 3 месяца назад
And hopefully the viral social media clip where they encourage others to copy their fraud will be used to prosecute them.
@majomillan6257
@majomillan6257 Месяц назад
Lol she does use the loan for the car . Why so many people are confused in this comment thread?
@realSamAndrew
@realSamAndrew Месяц назад
​@majomillan6257 if she does use the loan for the car, the money is gone and she can't then invest the money in airbnb or anything else.
@ThraxMan84
@ThraxMan84 15 дней назад
When I got a car loan, my credit union paid the dealership directly. I never had my hands on any of that cash.
@bettystallworth8853
@bettystallworth8853 8 месяцев назад
Love this man. And enjoy his banter with his daughter. What lovely interaction. Love to have dinner at their house someday. That'd be fun
@arfriedman4577
@arfriedman4577 Месяц назад
Which father and daughter I'd pick Dave and Rachel
@JoelHernandez-yl6yw
@JoelHernandez-yl6yw Год назад
Dave needs to take on these social media financial “experts” giving terrible advice, and make it a regular occurrence in his show.
@setapartartist
@setapartartist Год назад
Yes definitely that would help a lot
@chipm2544
@chipm2544 11 месяцев назад
I have a feeling it is people like that Dad adding to societal problems, as well as their own demise. Always people looking for a fast, easy buck.
@huishengong1143
@huishengong1143 10 месяцев назад
And see his blood pressure rise.. 😂😂
@pedrogriffin1934
@pedrogriffin1934 Месяц назад
@@chipm2544Yea and they always have a podcast they want you to listen to, or have a course they sell for $2,000. Or like the loser that said on TT that you should be ashamed of yourself and embarrassed with your wife if you only make $400k a year and are not making millions. TT is ok for some funny content and for food recipes but it has turned into a shit hole of an app and quite frankly can’t wait until it’s banned and discontinued.
@shirleyshirley4188
@shirleyshirley4188 Год назад
Sounds like he is laying the groundwork for his child to be in all kinds of financially twisted schemes. That never ends well.
@evelyndaisy9722
@evelyndaisy9722 Год назад
It’s what came to my mind 😂
@Tracker5111
@Tracker5111 Год назад
Best laid plans... The fates love those
@PInk77W1
@PInk77W1 Год назад
Very sad. Borrow borrow borrow. Bankrupt
@iosgaming2824
@iosgaming2824 Год назад
I wouldn’t be surprised if that’s what he does lol. It’s so ridiculous and amusing when parents film videos with their kids to and direct them to say things that sound intelligent and original when a lot of the time what their saying has already been said numerous times and it’s obvious the kid isn’t intelligent to have came to the point of saying what they did on their own. It’s just a scheme parents do to try to make their kids look smarter and more mature then they are because that helps them meet the goal of looking like such an amazing parent and his case it encourages people in their teens, 20’s and maybe even 30’s to take the advice because they see a young teenager consign the stuff “their selves”
@nickb193
@nickb193 Год назад
I would love this as a regular segment of his show... Ramsey Vs TikToks :D
@AName-pp8di
@AName-pp8di 16 дней назад
Rachel is brilliant, brings such a friendly and positive spin to the show!
@DownHomeDavis
@DownHomeDavis Год назад
Hahahaha Rachel’s discomfort when Dave starts going off! I love it 🤣🤣🤣
@MinimalisticLifestyle333
@MinimalisticLifestyle333 Год назад
Same 🤣🤣🤣🤣
@calebniederhofer6529
@calebniederhofer6529 Год назад
I didn’t see that at all. She loves it, and finds it humorous, and it good for views also. I like both of them, and Dave is correct.
@_____________888
@_____________888 Год назад
Dear Dave, watching you tear idiots to shreds brings me immeasurable joy. So much so it's probably sinful - pray for me!
@grigorirasputin425
@grigorirasputin425 Год назад
Dave literally recommends people to invest in mutual fund
@jakemckechnie6367
@jakemckechnie6367 Год назад
@@grigorirasputin425 rewatch the video. You missed what he was saying
@grigorirasputin425
@grigorirasputin425 Год назад
@@jakemckechnie6367 I don't need to rewatch anything... Suggesting actively managed mutual funds is not much better than the advice from an imbecile father and his arbitrage and airbnb
@alanlippincott2802
@alanlippincott2802 Год назад
"Oh maw gawd. Was I unclear?!"
@jdstep97
@jdstep97 Год назад
Amy, shame on you, and I was sitting here feeling sorry for Dave. He had a defeated looked while the video was playing. Pray for ME. Dave is doing good. He's almost a billionaire. But he just looked so sad. He and Rachel are so cute.
@bdorsett8991
@bdorsett8991 Месяц назад
Thank you for providing the link with the video
@mariacorretge6615
@mariacorretge6615 Год назад
"so I'm basically getting the car for free". This is so sad. A girl with 7000 pounds in her pocket thinks that the interest on that can pay for a car. Oh my goodness, so sad, she's lost her savings and now she's going to pay for a car that will be depreciated the minute she drives it out the car dealership.
@cbjueueiwyru7472
@cbjueueiwyru7472 Год назад
Those are some heavy pockets
@jonathantaylor6926
@jonathantaylor6926 Год назад
If getting 14% is so easy than why are the banking loaning her money at 3.5%? Questions she never asks.
@magic.beans1
@magic.beans1 Год назад
Fffff
@PhilipMarcYT
@PhilipMarcYT Год назад
@@cbjueueiwyru7472 you made me chuckle. 🤣 In this instance, pound is a currency (typically in the U.K.) than weight.
@megalodon1726
@megalodon1726 Год назад
She thinks she's getting the car for free, but it's only the loan interest she's getting for free. That 14% interest from the AirBnB (if she actually gets that much) isn't nearly enough to pay the $15000 principal she borrowed for the car.
@HEATHERFREE2486
@HEATHERFREE2486 Год назад
“He’s so proud” “Well, I mean he’s so slimy” 🤣🤣🤣🤣
@kristinejackson5522
@kristinejackson5522 Месяц назад
You are right on Dave.
@coolaunt516
@coolaunt516 Месяц назад
"Arbitrage. Which is Greek for 'I'm stupid'". I spit out my water when I heard that.
@MrKyledane
@MrKyledane Год назад
The fact that they flat out stated a 14% return, as if that was some kind of guarantee, tells me that they've been swindled into some scheme which claims to be arbitrage but probably involves fleecing unsophisticated rubes.
@lovetobe6118
@lovetobe6118 Год назад
Yeah, I knew a few people get scammed with them investing in this Airbnb concept and left them broke.
@theAppleWizz
@theAppleWizz Год назад
The only bad part of the video is the car part but investing on real estate when done right is one of the safest forms of investing lol
@lovetobe6118
@lovetobe6118 Год назад
@@theAppleWizz every single person I have known who invested that way has ended up broke.
@theAppleWizz
@theAppleWizz Год назад
@@lovetobe6118 lol then you know stupid people. Almost all rental house/apt class b or c makes 10% 12% returns.and this is just rentals not Airbnb
@theAppleWizz
@theAppleWizz Год назад
@@lovetobe6118 what is an Airbnb concept did they actually buy a house an rent it out after they did their own due diligence or they they invest with someone that promised them a return if they just put x amount of money lol
@financialtruthacademy9052
@financialtruthacademy9052 Год назад
Some people are so ridiculous, always looking for a shortcut
@ToddRAdams1
@ToddRAdams1 Год назад
that dad had a spray on beard! LOL
@TheJoeschmoe777
@TheJoeschmoe777 Год назад
Dave's disapproving frown while he's watching this is priceless lol
@hollym1751
@hollym1751 Год назад
Poor Rachel just smiling and nodding when he got going. 😂 *whispers* “okay, let me ask you this question.” This whole clip is great
@soleilwhitton6397
@soleilwhitton6397 Год назад
Did Dave call someone else arrogant? lol.
@jeffwvu4602
@jeffwvu4602 Год назад
Why are you watching his videos if you think Dave Ramsey is arrogant for teaching what he calls God and Grandma's way of handling money and he often tells people "do what you want, but this is what I would do." Why are you watching his videos then?
@hollym1751
@hollym1751 Год назад
@@jeffwvu4602 are from WV?!
@jeffwvu4602
@jeffwvu4602 Год назад
@@hollym1751 Originally yes, now I'm on the west coast.
@goldpop5001
@goldpop5001 Год назад
@@jeffwvu4602 I appreciate that he uses sound advice, lots of folks are put off with his name calling and condescending. Why watch then? Entertainment, maybe?
@unfairsanic5089
@unfairsanic5089 Год назад
Its like teaching your daughter on how to gamble just to win the lottery.
@parochial2356
@parochial2356 Год назад
Or borrow money to buy lottery tickets....
@PInk77W1
@PInk77W1 Год назад
Best comment ever
@queenbee3647
@queenbee3647 Год назад
My dad took me to the track and showed me how to place bets and read the program . I was underage and I loved it! My mom had a fit. Dangerous.
@stevenp25100
@stevenp25100 Год назад
​@@parochial2356 pretty sure real estate is a little more sound than lottery tickets
@MountainsArePretty1234
@MountainsArePretty1234 8 часов назад
​@@queenbee3647Your mom was right to throw a fit. My dad took us ( his three sons ) to casinos and bingo halls. He knew the owners at bingo and they actually let me dob the papers as a 10 - 12 year old boy. Me and one of my other brothers then became massive gambling addicts as adults. It has destroyed and obliterated our lives. A horrendous illness/addiction. My dad died whenever I was 14 but a lot times I think of him with resentment. What did he think would happen? Taking naive, impressionable children into gambling facilities? Planting those terrible seeds into our brains 😡😡
@nmc8931
@nmc8931 Год назад
LOVE this video. Thanks for the AIRbnb tip thats huge! Out the window that idea goes right now!
@3MilesAbovetheMoon
@3MilesAbovetheMoon 11 дней назад
I’m so glad you made this video Dave
@eagledroneservice8277
@eagledroneservice8277 Год назад
I truly hope Dave is not going anywhere anytime soon. I know he has a lot of great people and family to continue his work but no one tells it like Dave with common sense backed by scripture, and data. No BS. No sugar coating.
@richhornie7000
@richhornie7000 Год назад
If he likes scripture so much, he wouldn't hate poor people as hard as he does.... I can't possibly see Jesus ever agreeing with what Dave stands for
@eagledroneservice8277
@eagledroneservice8277 Год назад
@@richhornie7000 he helps poor people lol.
@alissa643
@alissa643 Год назад
@@richhornie7000 being poor is a mindset, being broke is temporary! He helps with both.
@luccianoblock5127
@luccianoblock5127 Год назад
@@richhornie7000 he has a hard kind of personality I agree but it's not only understanding why he is that way but it has worked so many times so he figured it out
@MooMoo69556
@MooMoo69556 Год назад
Once he passes away this will not have the same effect
@ebonneenelson2325
@ebonneenelson2325 Год назад
I hope that wasn’t a 15 year old. That is a horrible father to let his teenage child take out a loan to buy a car. That is crazy
@jawant6039
@jawant6039 Год назад
So what. Rachel looks like she smells stank.
@whitejodeci8926
@whitejodeci8926 Год назад
What child has 15k laying around?
@jwlsngold5026
@jwlsngold5026 Год назад
You weren't listening, a 15 year old cannot in any circumstances take about a loan. They are not a "legal adult and no financial institution is going to offer any type of loan to anyone underage.
@DoctorSmartyPants
@DoctorSmartyPants Год назад
A 15 year old cannot sign a contract
@jmorris023
@jmorris023 Год назад
Is there a state where you can drive at 15?
@mariebrooks875
@mariebrooks875 8 месяцев назад
You’re right - there is no secret to getting rich! My dh worked 90 hours/week doing the jobs of three people because he couldn’t afford to hire others for many, many years. Now he is semi-retired with 50 employees, our house is paid off with a very fat retirement income and we can afford to be generous with many charities of our choice. I know it’s harder now than it was when we were young, but working 8-4 and sitting in front of a screen the rest of the time still doesn’t bring in real wealth. When our kids were younger they complained that we went camping for holidays and their friends were going to Hawaii and Mexico. Their Dad told them that when the house was paid off he would take them on nice holidays. We have had amazing trips and cruises with the entire family since the house was paid off - I never regret those choices.
@kangyun1985
@kangyun1985 6 дней назад
Calm. Calm is required.
@loueckert4970
@loueckert4970 Год назад
Dave Ramsey is the real deal. Thanks Dave for your effect on our life.
@christiansoto9755
@christiansoto9755 11 месяцев назад
Most of the time yes he is. When it comes to getting out of Timeshares though, he becomes a little sketchy
@eprofessio
@eprofessio Год назад
My moms family taught me that being in debt is good. Thankfully I learned the truth before it was too late.
@dianac2596
@dianac2596 Год назад
Such a great show!
@Cyd1057
@Cyd1057 4 месяца назад
Oh, Rachel, what have you done to Dave's blood pressure?! LOL! Great episode.
@JonahRichmond
@JonahRichmond Год назад
I think my favorite thing about Dave is he is rich but knows what it’s like to be broke. He can talk and help you either way realistically.
@Army4Runner
@Army4Runner Год назад
I love watching Dave lay down reality on folks. My day is complete.
@LocalReverse
@LocalReverse Год назад
His realty, plenty of people have used debt to create cash flow on income properties. She may be doing it for the wrong reasons. No ways she’s gonna make that % unless she’s buying a dump in the ghetto.
@maryrowland5493
@maryrowland5493 11 месяцев назад
There’s no need for him to refer to people who disagree with him as morons or call them stupid. He’s crude and cruel. And talk about calling someone arrogant. He thinks he is the final, all-knowing authority on everything. What an example of Christianity he is?
@tball2688
@tball2688 10 месяцев назад
@@maryrowland5493 oh shut up, he is telling the truth... who cares what he calls people for saying stupid stuff, thats the problem people care more about "how it's said" rather than "what is said"
@the_milk_is_back
@the_milk_is_back 8 месяцев назад
@@maryrowland5493 ridiculous opinion. See what I did there? And I guess you must've missed the parts of the Bible where Jesus called the Pharisees and others "whitewashed tombs" (pretty on the outside, dead on the inside), "offspring of vipers", "foxes" (unclean animals), and chased the moneylenders out of His Father's temple with a whip. Jesus wasn't a very nice guy when it came to evil and immorality. Disagree with Dave all you want but would you call Jesus a bad example of Christianity? Maybe your own Jesus is a good example of YOUR "Christianity", but the real Jesus is nothing like your infantile view of Christianity.
@cherylbrooks821
@cherylbrooks821 8 месяцев назад
@@maryrowland5493oh, please.
@karenk2409
@karenk2409 5 месяцев назад
I agree with Dave on this one!! What an awful thing to get your teenage kid into!
@avamasquerade
@avamasquerade Год назад
"it's called ahhhbitrage...which is Greek for *stupid"* has got to be one of the best goofy quotes I've heard in awhile.
@cappystrano1
@cappystrano1 Год назад
😂😂
@userasdf1546
@userasdf1546 Год назад
So she spent 7k on a 400k asset that pays her $800 a month? Does not make sense
@hurlburtfamcamp6476
@hurlburtfamcamp6476 Месяц назад
Thanks yall, the most entertaining dose of common sense available in internet land!
@happilysmpl
@happilysmpl 6 месяцев назад
She said it exactly - 'playing ' . People are playing the system. It can only go so far. One day the game becomes unmanageable
@Josh_Morales
@Josh_Morales Год назад
I like how Dave backs it up with studies he's done with millionaires and none of them have done this mess.
@stevenporter863
@stevenporter863 Год назад
Agree this is stupid but everything isn't done with the intention of becoming a millionaire.
@gafee2001
@gafee2001 Год назад
His "study of millionaires" may not have had any of them, but they are certainly out there. I'm a millionaire at 34 and do this sort of thing. The secret is to be comfortable with risk, and understand that these are all really small numbers that we're talking about here. $15k, $7k are all very small numbers. You can risk that much money and not be destroyed if you lose a little or don't quite make the returns expected. She's likely buying into her father's existing AirBnB business, and there's always multiple exit strategies if AirBnB gets blocked like DR mentions. Convert to Single Family rental, rent out rooms, corporate rental, or sell the house for a 1031 exchange into another region that doesn't have the same AirBnB restrictions if something bad were to happen. People deploying financial strategies are doing strategy and it's more like a game. I have multiple rental properties and have very detailed tracking processes.
@jeffwvu4602
@jeffwvu4602 Год назад
@@gafee2001 You borrow money on your car? LOL. And your average person would get in over their head and be drowning in debt while trying to be this investor. That's why it shouldn't be marketed to all young people across TikTok or Instagram.
@aaronsinclair3659
@aaronsinclair3659 Год назад
@@gafee2001 Curious, when you say your a "millionaire", do you mean leveraged or you actually own (without a bank involved) a million + worth of assets. Obviously we are online and you can say whatever- but asking for honesty here. It seems to me that would be very difficult employing this type investment strategy at 34.
@thehomeless_trucker
@thehomeless_trucker Год назад
It's because his study was done in such a way that it didn't allow that answer to be given... they knew the numbers of that study before it was done because the survey asked the questions in a way to only get the answers they wanted. His study was extremely biased and it was all based on the wording of the survey.
@HollowNotes
@HollowNotes Год назад
I love the “I’m basically getting a car for free”. Yeah, after you take out a $15000 loan that you have to pay back and the $7000 you have to put into the Airbnb not to mention upkeep for said Airbnb. But after all that, yeah it’s free.
@zybard01
@zybard01 Год назад
a 15yr old girl is def going to be cleaning the rental between renters and paying for broken appliances, right???
@CalinFR
@CalinFR Год назад
It's free in the sense that you have to pay for it. A one time fee. Once a month. Then it's free. Reminds me of Portland is :))
@Vydio
@Vydio Год назад
The car will come in handy to visit Dad in jail if he's caught for bank fraud.
@janajustman
@janajustman Год назад
I love this video so much!
@kierah16
@kierah16 10 месяцев назад
Dave did NOT call this man a moron😂😂😂😂😂😂😂😂😂 I hollered!
@monkwushu2305
@monkwushu2305 Год назад
Dave’s response is golden. Bless that man
@JohnnyB21401
@JohnnyB21401 Год назад
Daughter smiling knowing dads gonna hate it. Dave put the perfect words to that tic toc advice
@nuno09
@nuno09 Месяц назад
First time watching the channel and she has an amazing smile
@kriskalkesh6328
@kriskalkesh6328 3 месяца назад
This rant was one of the best 😂
@Branhawk
@Branhawk Год назад
Hilarious. His poor daughter will have messed up finances before she can even finance.
@Thereisalwaysmore
@Thereisalwaysmore Год назад
This is exactly how the depression became a problem. People bowering and making profits on money they don’t have, then the banks realize this and everything collapses.
@brandonmiller2171
@brandonmiller2171 Год назад
That's the whole idea of why people get involved in real estate investing. They borrow money from a bank at a low interest rate with maybe a 20% down payment or lower and they use leverage to control 100% of an asset with a smaller down payment. Then they get to keep the difference if they cash flow on their investment properties. This is what I am doing and I plan on doing this more and more in the future. This is how people get rich in real estate.
@succulentqueen7737
@succulentqueen7737 Год назад
@@brandonmiller2171 Yeah, Dave Ramsey did something similar to what you want to do. He got rich young fast buying properties, and when the bank decided to call the note he lost everything fast. Dave has great wisdom and experience on the topic of Real Estate.
@Allaiya.
@Allaiya. Год назад
@@brandonmiller2171 What you don't hear are the stories where it doesn't work. I met a guy selling carpets who had tried to do such a thing back in the early 2005s. I am assuming he lost it all since he was speaking in the past tense.
@gabytrumbull7880
@gabytrumbull7880 Год назад
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
@gabytrumbull7880
@gabytrumbull7880 Год назад
Most successful ones seek the experience and ideas of financial professionals that help tackle issues on wealth management and growth but claim to attain their success themselves.
@gabytrumbull7880
@gabytrumbull7880 Год назад
To grow your finance, You need a high level of skills and experience from a professional to help make your goals a reality. Get a financial professional like I did and walk into success
@gabytrumbull7880
@gabytrumbull7880 Год назад
Oh, sorry for my late response. I engage in various kinds of investments through the guidance of my Financial Professional and have so far achieved over 500k $ in return. The idea of getting a professional has been great for me, it has shaped my finances over the years; my retirement is looking good.🥂
@gabytrumbull7880
@gabytrumbull7880 Год назад
To get more details about my Financial Professional *(Diana Alexandra Hunts)* ; do quick internet research where you can write her, research her full name above. Give her a try and thank me later .
@Elizabethgreen779
@Elizabethgreen779 Год назад
Good to be here; acquiring such ideas is what many needs to obtain financial freedom or stability.
@RJ2878
@RJ2878 Год назад
Love your advice Dave and you have helped so many people over the years including myself. As a fellow Christian and as iron sharpens iron I wish you would please stop breaking the 3rd commandment.
@SweetEssie
@SweetEssie 11 дней назад
The least important commandment
@RJ2878
@RJ2878 9 дней назад
@@SweetEssieonly if you have small view of our God.
@mommaoinnh2674
@mommaoinnh2674 3 месяца назад
My Airbnb is the lowest price in my tourist area. And it’s brand new construction! It’s been rented just 2 weeks out of the past 3 months. Don’t be thinking an AirBnB is profitable. It is a tax write off, but not a means of making money.
@Daniel-np8zo
@Daniel-np8zo Год назад
Love how Rachel can poke at the right spot and get the flood gates to let loose on Dave...🤣
@inspectorjavert5563
@inspectorjavert5563 Год назад
Dave needs to let Rachel speak as well.
@atomsk01
@atomsk01 Год назад
@@inspectorjavert5563 yeah that was kind of annoying me too. He needs to just let her speak and not feel loved or he has to constantly be the one to get the final word in.
@michaeltoney2277
@michaeltoney2277 Год назад
I love how excited she is to see his reaction to this clip
@wahinepaddler4
@wahinepaddler4 Год назад
Her excitement was 🙌🏽 😂🤣
@jwlove66
@jwlove66 Год назад
I love how Rachel just braces for impact knowing what's about to go down.
@BlueDauntless
@BlueDauntless 2 месяца назад
I love Dave’s response! And I would just bet that guy and his daughter talk down on DR’s plan
@LackaJudgment
@LackaJudgment Год назад
That ‘dad’ is more of a tool than my Craftsman wrench set
@ashleycnossen3157
@ashleycnossen3157 Год назад
Let the girl speak, Dave!!!! I wanted to hear her! Lol
@danielkraig1298
@danielkraig1298 15 дней назад
I wish I could talk to my family about money like this I’m starting to teach myself financial literacy through the one and only himself of course
@sashasamara8381
@sashasamara8381 10 месяцев назад
Him mocking the dad tickled me 😂😂
@rodneygkoopman
@rodneygkoopman Год назад
This is one of Dave's funniest videos. Ever. And brutally honest as usual ("arbitrage" under his breath) 🤣
@spankynater4242
@spankynater4242 Год назад
It would’ve been great if Rachel wasn’t there messing it all up.
@cuz129
@cuz129 Год назад
How fun! What a great daughter Mr. Dave. You are so proud, I know. As is she, of you. Awesome family!
@kokolovitch56
@kokolovitch56 6 месяцев назад
I never understood the attraction with Instagram.
@leonieharry2941
@leonieharry2941 20 дней назад
This man from the instagram-video abuses his daughterfor his goals getting likes an views. He puts her in a bad place, ruins her future if he teaches her such a crap and does make loans for her! Bravo Dave and Rachel for pointing it out.
@lindakingsley9486
@lindakingsley9486 Год назад
Don't you love it when us old people get our dander up. I love Dave ranting away. He is right but it is so much fun hearing him speak his mind. Thanks Rachel.
@harryaung7
@harryaung7 Год назад
His first comment was "He's so slimy, you need to take a shower after watching that.." Gotta love Dave 🤣
@cc-iq2bs
@cc-iq2bs 2 месяца назад
Rachel's laugh 😂😂😂😂😂😂, Great moment 😂😂😂😂👌
@CleanLuxuryCosmetics
@CleanLuxuryCosmetics Месяц назад
That makes total sense. Dont work to pay off stuff. Make your money pay for stuff. The numbers don’t add up though unless it’s a fixer upper with a low down payment.
@Danzilly
@Danzilly Год назад
Dave! Rant on a Monday good way to start the week! His rants on cars never gets old!
@orangemountain457
@orangemountain457 Год назад
I suspect nobody sent this to Rachel, she just loves seeing her dad's blood boil for fun. 😄
@solelylovely4185
@solelylovely4185 Год назад
Dave Ramsey is her dad?
@flashthecorgi2053
@flashthecorgi2053 Год назад
@@solelylovely4185 yes
@reese85
@reese85 Год назад
@@solelylovely4185 she called him dad in the vid
@littleangel4780
@littleangel4780 Год назад
@@solelylovely4185 you really didn't know that??
@robby95036
@robby95036 Год назад
Arbitrage is your HYSA having a higher rate of return than your loans interest rate after factoring in taxes... once you add risk it's risk adjusted return, not arbitrage.
@mariannewilliams138
@mariannewilliams138 Год назад
cars would be a liabillty not an asset
@Gonzeaux7
@Gonzeaux7 Год назад
Chances are if something is too good to be true, it usually is
@MsOnitemi
@MsOnitemi Год назад
Rachel is too funny!! Her facial expressions are priceless😂😂😂
@jufemar
@jufemar 4 месяца назад
And cute too
@jaysdood
@jaysdood Год назад
OMG! They can't even get the definition of arbitrage correct, ignoring all the other problems.
@tomj528
@tomj528 Месяц назад
I always see things like this and wonder if I shouldn't keep my money working and finance instead but I like buying with cash and I've never had a car loan. To me it always comes down to my monthly cash flow and keeping it flowing into my pockets while managing income taxes.
@orangutan-halibut-walrus
@orangutan-halibut-walrus Год назад
the system only works IF it works. meaning if ONE thing falls off, as rachel and dave gave many examples of things going wrong, it means that the person who's signed for the loan is responsible for all payments. it's kind of foolishness stemming from half-baked thinking of people that think "i am so very smart". it's especially a bad idea when the borrower has no steady stream of income, savings, etc. life happens. rarely do things go as planned. and especially in this economic climate, the social media guru's economic conniving could fall flat on its face at any time.
@simplyafederalist
@simplyafederalist Год назад
No the math does not check out it does not work at all. Regardless of the risk. There is no such thing as intrest only car loans..
@dkRun21
@dkRun21 Год назад
I'm curious, how could this ever work though? The 14% is interest only while she'd have to pay principal and interest with every payment for the car. So she'd have to fund the difference between the car payment and the Airbnb interest earned for the length of the loan. Also, doesn't the bank require that the loan be used to actually buy the car, so how could she invest the money? Just seems like a bad idea overall.
@someperson9536
@someperson9536 Год назад
Even if the system works, paying cash for a car is still better than getting a car loan. Paying cash for a car results in spending less money than getting a car loan.
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