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How Do I Protect My Assets As A Millionaire? 

Ramsey Everyday Millionaires
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How Do I Protect My Assets As A Millionaire?
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3kwqrhf
Listen to how ordinary people built extraordinary wealth-and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, and John Delony.
Ramsey Network (Subscribe Now!)
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• EntreLeadership: www.youtube.co...

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28 сен 2024

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Комментарии : 226   
@MrNoBSgiven
@MrNoBSgiven 2 года назад
Actually, I invested in one mutual fund which went down 98% in 2002 crash. It was high tech mutual fund .i.e. vwry focused fund. Today ARK funds are the same type of investment gambles. Investing in etfs like VTI or VT etfs with tnousands of holdings eliminates risks like that.
@erwina4738
@erwina4738 5 месяцев назад
Thats why ARK etfs I have them always between 8-20% of my portfolio. Made money on those etfs every time too.
@sess9561
@sess9561 7 месяцев назад
My non investing friend that always made more salary than I did cried when he found out my dividends are twice his annual salary.
@AddilynTuffin
@AddilynTuffin 3 месяца назад
I just want to invest in tax advantaged accounts. I just saved up $100,000 this last quarter, and i plan to invest in the stock market
@carolynrose1816
@carolynrose1816 3 месяца назад
Don't put all your eggs in one basket rather diversify into different asset classes. Diversification into various asset classes will help mitigate risk.
@albacus2400BC
@albacus2400BC 3 месяца назад
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@jose2212-
@jose2212- 3 месяца назад
pls how can I reach this expert, I need someone to help me manage my portfolio
@albacus2400BC
@albacus2400BC 3 месяца назад
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@CrystalJoy-32
@CrystalJoy-32 3 месяца назад
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
@KC-dr3cg
@KC-dr3cg 2 года назад
It would be out of touch to downgrade the inflation numbers. Inflation is at least 8% and much more if you consider the escalated double and triple costs around repairs, cost of vehicles, cost to hire a handyman, plumbet,electrician.. the Dollartree has gone up 25%
@paulbrungardt9823
@paulbrungardt9823 Год назад
I didn't invest anything in 401ks or IRAs. I made a fast fortune. I went into Art dealing with Hunter Biden. We sell $ 500,000 original Hunter Biden Art pieces to anonymous buyers. We have made a fortune by giving buyers access to " The Big Guy".
@jeremyjeremy8795
@jeremyjeremy8795 2 года назад
The only thing a CD or MMA should ever be used for is for storing your emergency fund or tenants security deposits
@anthonys5568
@anthonys5568 3 месяца назад
Do as I did. Chuck it into a total market index fund and forget about it. Your kids and grand kids will be well taken care of.
@donaldwebster2866
@donaldwebster2866 2 года назад
Fidelity Magellan fund was started in 1963, a few months before I was born. It has an average annual return of 16% since then. That means $1,000 invested back then would be worth $6.2 million today! Now, $1,000 back then is like $10,000 today due to inflation.
@mlee1308
@mlee1308 2 года назад
I have 3.4 million in Tesla , that’s all my retirement assets. Ha ha.
@joetyler835
@joetyler835 2 года назад
are you still buying?
@mlee1308
@mlee1308 2 года назад
@@joetyler835 no, I think that’s enough. 3,000 shares. I’m waiting for a split to be announced this year. I need To diverse but I still keep going back to Tesla. Pretty tapped out.
@joetyler835
@joetyler835 2 года назад
@@mlee1308 are you retiring soon. Tesla still has some way up to go
@mlee1308
@mlee1308 2 года назад
@@joetyler835 how old are you?
@joetyler835
@joetyler835 2 года назад
@@mlee1308 Did I say something wrong? Am a kid. Not retiring soon.
@smokinhalf
@smokinhalf 2 года назад
24 percent tax plus 5 percent inflation ...what kind of investment keeps up?
@chemquests
@chemquests 2 года назад
A Roth IRA to get tax free growth
@uwone7778
@uwone7778 2 года назад
CD's Bonds, he's losing money with inflation. Just goes to show you, you can become a millionaire, despite yourself.
@mannyjeanpierre4062
@mannyjeanpierre4062 2 года назад
could've been worth double the money depending on how long he's had these cd's and bonds smh
@alicel3992
@alicel3992 2 года назад
Dave, I have a 3 year old grandson and I'm on a limited income but I want to put money away for him. CDs give a few pennies more than savings, so where would you suggest I invest. I'm not interested in college but maybe a trade school or he can decide when he starts receiving the money. Thanks, in advance, for the advice.
@alexpeguero38
@alexpeguero38 2 года назад
VTI
@jeremyjeremy8795
@jeremyjeremy8795 2 года назад
every human is on a limited income, invest your money into growth stock mutual funds
@Carguyry
@Carguyry 2 года назад
Low expense ratio index funds, SWPPX
@insideoutsideupsidedown2218
I agree with jeremyjeremy
@djpuplex
@djpuplex 2 года назад
Yeah walk in to a smartvestor pro with $375k walk out with $345k in high fee mutual funds.
@laylow8648
@laylow8648 2 года назад
Been there with a similar situation but a much lower dollar amount. But certainly enough to learn a lesson. Then you have to wait a long time to earn that money back as fees continue to chew away. I didn’t make any money until I moved it to Fidelity investments I’m self-taught and careful. And I have investments that are up 135% that are only three years old. And I’m not a money guy. I’ve spent many hours sitting at my computer learning. Now it’s serious money for a average working stiff.
@JulianoGSF
@JulianoGSF Год назад
​@@laylow8648so what did you end up buying? Which mutual funds?
@EMo-rx7pm
@EMo-rx7pm 2 года назад
I would start giving my heirs some every year at that point. I don't want my kids to have to wait until they are 70 and get it all at once. I would rather give them some when they need it
@nelsnyborg2526
@nelsnyborg2526 2 года назад
That idea just kills the goose that is providing the golden eggs. Kids (and I am the son of a millionaire) need to learn the work ethic and the ability to manage the results of their work ethic. Giving ANY one a large lump sum when they “need” it only leads to entitlement and waste.
@genxx2724
@genxx2724 2 года назад
@@nelsnyborg2526 I wouldn’t leave money to anyone who hadn’t already done well managing their own. I’d want the inheritance to be rolled into their performing nest egg, not spent.
@Judi4Him4Ever
@Judi4Him4Ever Месяц назад
Case in point. I have a friend in a middle class situation in her middle 70’s whose wealthy elderly mother passed this year at 101. My friend will be getting a large inheritance but doesn’t really have the health to enjoy it. She has one child only and that child is a criminal in and out of jails. It would have been nice if her wealthy mother had given her annuities to enjoy along the way. And she was so wealthy, she would never have felt the gifts. 😢
@jimmycharlene
@jimmycharlene Месяц назад
They are making them get rid of all their inheirited accounts within 10 years rmd
@cato451
@cato451 2 года назад
Don’t bother with Zander ID protection. Total waste of money.
@djpuplex
@djpuplex 2 года назад
But Ramsey gets a kick back.
@cato451
@cato451 2 года назад
@BestBachelor1 I signed up for two services at the exact same time. The other guys have sent me a dozen valid alerts. Zander = not a single alert. A waste of money. I cancelled.
@cato451
@cato451 2 года назад
@@djpuplex ha. Yup. Appears to be the case.
@seanklein839
@seanklein839 2 года назад
I don’t get how Dave says you need to make 6% and not invest in CDs at 3% but advises people pay off their houses at 3%. If anyone can explain please do.
@MidwestMoney
@MidwestMoney Год назад
Mortgages and CDs are NOT calculated the same. Pull up a mortgage calculator with an amortization table and compare it to a savings/CD calculator and you'll see the difference. This is how banks make money. Annual percentage rate does not equal annual percentage yield. I hope this helps you. Thanks.
@jvolstad
@jvolstad Год назад
I have a million dollar umbrella insurance policy.
@matthewharrigan3568
@matthewharrigan3568 2 года назад
How much did he lose this year including inflation? Real return is what matters. Absolute return is largely irrelevant.
@user-tb7rn1il3q
@user-tb7rn1il3q 2 года назад
Real Return is -50%. Hyperinflation sucks.
@RanalL72
@RanalL72 2 года назад
Why did Dave just say no to I-Bonds?
@MrsGladysz
@MrsGladysz 2 года назад
Each individual can only purchase $10,000 of I bonds . So a couple can purchase $20,000. Over the course of one year, at 7% interest earnings are $700.
@theraddadinvestor1000
@theraddadinvestor1000 2 года назад
because they're I-Bonds lol
@davidmondragon2291
@davidmondragon2291 9 месяцев назад
It only makes sense if you need to park 10,000 and not lose money on it but just keep up with inflation. No one gets rich because of ibonds
@Big-Government-Is-The-Problem
@Big-Government-Is-The-Problem 2 года назад
they are in a great situation obviously, so its not like they did anything wrong, but if they had just invested their whole life into the s&p500 theyd likely have triple (or more) their current net worth.
@JosiahK555
@JosiahK555 2 года назад
hopefully he didn't invest it on jan 3rd (: watching the market tank in the last week, today jan 24th..
@saulgoodman2018
@saulgoodman2018 2 года назад
I bonds are paying 7.1 percent now. But you can only by 15k of bonds a year. So that is not junk like Dave say's it is. Last year their were, but not right now.
@marksweetser6312
@marksweetser6312 2 года назад
10k
@saulgoodman2018
@saulgoodman2018 2 года назад
@@marksweetser6312 10k if you by them electronically. 5k if you buy paper bonds.
@MikeyB_1972
@MikeyB_1972 6 месяцев назад
His risk is not keeping up with inflation if he has everything and CDs and annuities.
@dylankramer9249
@dylankramer9249 Год назад
Comment
@kevinkidneyy
@kevinkidneyy 2 года назад
CD NO GROWTH BUT LESS RISK. THATS BETTER
@Useruytrw
@Useruytrw Год назад
4:34 Dave getting 10% ?
@CVEIWKID
@CVEIWKID 10 месяцев назад
Id rather get less returns thmore losses
@jameshunt4611
@jameshunt4611 2 года назад
Want a way to protect your money from being eaten away by inflation? The best way is to buy and hold Bitcoin. Not crypto, being very clear here, just Bitcoin. Bitcoin is not a currency so calling it a cryptocurrency is a misnomer. It’s an asset.
@ralfbo685
@ralfbo685 2 года назад
Amen!!!
@المهديخاتلبالمجاري
It is called bs. It is at 38k.
@jameshunt4611
@jameshunt4611 2 года назад
@@المهديخاتلبالمجاري nothing BS about it
@ralfbo685
@ralfbo685 2 года назад
@@المهديخاتلبالمجاري you mean "severely undervalued at the moment"
@markmyers3409
@markmyers3409 2 года назад
His pension income is like having a 2 million dollar nest egg. Plus he has 1.4 million net worth.
@CheJoffre
@CheJoffre 2 года назад
Absolutely, I'd say closer to $3 Million if he retired at his minimum retirement age and lives into his 90s.
@michaelobrien3601
@michaelobrien3601 2 года назад
I have 4.9 M USD in crypto assets at 34 years old. Take risks they pay off well. Take that 120K and put into USDC and earn 12 percent on that stable coin or buy UST and stake on anchor at 19.5 percent interest. CDs are the dumbest thing you can do with your money.
@ridenorthwest1687
@ridenorthwest1687 2 года назад
Boomers won’t touch crypto till they realize they missed the boat when it makes 6% a year.
@alicel3992
@alicel3992 2 года назад
@@ridenorthwest1687 It's a different financial world and we "boomers" are a bit cautious about things we don't understand. Many "boomers" have lost so much to scammers who promise "reasonable returns".
@michaelobrien3601
@michaelobrien3601 2 года назад
@@alicel3992 Yet, most boomers hold cash. Its losing purchasing power so fast bc of stupid politicians even scammers can't keep up.
@Lon1001
@Lon1001 2 года назад
Coming to the comments to see if anyone says the caller should buy Crypto
@laylow8648
@laylow8648 2 года назад
My feelings are this about Crypto. I don’t understand it. All I hear are grandiose stories about people hitting it like the Lotto. Nobody talks about getting burned. Nobody always wins at the Casino. The Casino win’s. I’m not getting in.
@James-vj5hz
@James-vj5hz 2 года назад
@@laylow8648 The people that are recommending "crypto" are idiots that bought in 2021. 1-5% of net worth in Bitcoin is probably where the average person should be. That's it.
@ralfbo685
@ralfbo685 2 года назад
@@laylow8648 you should try and understand it! Knowledge is power. Bitcoin is the most conservative investment crypto worth investing in. It has a track record of 13 years and a market cap of 1 Trillion. Most important thing to know is that Bitcoin is digital property. The other cryptos are more like stocks. If you think stocks are gambling, then they are gambling to you. But I see Bitcoin as a very low safe gamble.
@gabe5892
@gabe5892 2 года назад
Lol still recommending mutual funds when s&p is returning around 20% or more the last 3 years
@angelaonthego
@angelaonthego Год назад
They’re netting $93k/year on $1.4 million? Is that even real?
@roolyfe
@roolyfe 2 года назад
I don’t think 🤔 I will ever be a millionaire 💵!
@motoryzen
@motoryzen 2 года назад
With that attitude.,it's no wonder why.
@rleonekc07
@rleonekc07 2 года назад
first
@tngirl7348
@tngirl7348 2 года назад
😁
@mikef931
@mikef931 2 года назад
That’s some bad advice. Why would anyone worth a million dollars call a talk show host and ask for advice. Everyone has their own way of handling money.
@rodeo626
@rodeo626 2 года назад
No Dave, you're going to scam Roger from San Antonio. He has no idea what's coming to him....
@steelcastle5616
@steelcastle5616 2 года назад
First, he should move out of San Antonio, TX. Being a Spur's fan ain't worth dealing with the crime, etc there. Then sell the car and deliver pizza -- on a bike.
@tcgtpl
@tcgtpl 2 года назад
@2:05 Wut? Mr Cash is King Ramsey is talking about purchasing power? Cash is the ultimate loser in purchasing power.
@cato451
@cato451 2 года назад
Never ask Dave investing advice.
@Noah-jr5sh
@Noah-jr5sh 2 года назад
Bitcoin
@rrufio3026
@rrufio3026 2 года назад
Invest in Cardone Capital 😆
@euenfheiejrj
@euenfheiejrj 2 года назад
Being a millionaire at 75 isn’t that impressive
@BunkMasterFlex77
@BunkMasterFlex77 2 года назад
There's plenty of broke people in their 70's scraping by on social security too.
@euenfheiejrj
@euenfheiejrj 2 года назад
@Jake Carter I’m 34 so I’m not but I would hope people would be millionaires by the time they retire.
@musicpro7278
@musicpro7278 2 года назад
It's really not. I'm hoping to be a millionaire by 30
@Lon1001
@Lon1001 2 года назад
@@euenfheiejrj By the time you're 75 you might be worth a couple million, but if this caller's kids aren't dumb with his estate at that point in time it will be worth over $10M
@DaveM-FFB
@DaveM-FFB 2 года назад
FYI, to all the young folks out there - In 40 years, the entire upper middle class, and about half of the middle class will be "millionaires". Unfortunately, it will only have the buying power of about $350K in net worth today. You'll need to aim higher to live the way today's millionaires live. "Inflation is a real thing".
@micahwatson9017
@micahwatson9017 2 года назад
People who are risk adverse never think about the risk of inflation! They are so worried about losing money from an investment, that they end up losing money (through inflation) without even realizing it.
@jeremyjeremy8795
@jeremyjeremy8795 2 года назад
risk averse is a nice way of labeling someone as stupid. risk averse is stupid. life is risk
@mountainsriversandtrees1474
@mountainsriversandtrees1474 2 года назад
Reminds me of my relative, who let a vehicle he needed to sell sit in his driveway because he thought it was worth more than the offers people were giving him. One person offered him several thousand for it, but he thought it was insultingly low. He ended up several years later having to pay the junkyard $200 to tow it away.
@JeanValjean875
@JeanValjean875 2 года назад
@@jeremyjeremy8795 Someone who takes unnecessary, dangerous risks is much dumber than a risk averse person.
@chasecopeland5530
@chasecopeland5530 2 года назад
Getting tackled from behind is one of the best ways I’ve heard inflation explained. Relying on CDs or a savings account for retirement/growing assets is hardly a step above keeping all your money hidden in your house.
@charliehargrave7458
@charliehargrave7458 5 месяцев назад
Might as well bury your money in a fruit jar under a tree
@advancedchiropractic667
@advancedchiropractic667 Год назад
Now we are getting 6% on CD’s. 5% on HSA
@j.m0ney133
@j.m0ney133 2 года назад
$1.4M in net worth. Congrats to the caller but putting his investments in CD’s is a terrible idea.
@cato451
@cato451 2 года назад
Depends on the need
@ClaxtonBay123
@ClaxtonBay123 2 года назад
@@cato451 there’s ZERO reason to put money in CDs
@cato451
@cato451 2 года назад
@@ClaxtonBay123 OK
@ridenorthwest1687
@ridenorthwest1687 2 года назад
@@cato451 CDs are great if you love losing purchasing power.
@pwells10
@pwells10 2 года назад
NUSI should replace all bonds and CDs.
@DaveM-FFB
@DaveM-FFB 2 года назад
Ramsey outlines the worst case scenario at 8:00 into the video. I always ask myself what's the worst case scenario, and what is the most likely scenario (based on history). The only reason this risk averse investor has $1.4M net worth, is because he never viewed his real estate as an investment. In hindsight, his real estate was his best performing investment (by far). Unfortunately, most younger folks won't have a pension in retirement. They'll need 401Ks/IRAs, index funds, plus real estate equity.
@harrychufan
@harrychufan 2 года назад
Uh, technically if you max JUST a Roth IRA from 25 till 65 you’re worth an inflation adjusted 1.3M
@DaveM-FFB
@DaveM-FFB 2 года назад
@@harrychufan Yes, inflation adjusted, it's about $1.3M in today's dollars, (providing about $52K income per year @4%) plus Social Security. But honestly, I haven't met many 25 year olds who are able to max out a Roth IRA.
@genxx2724
@genxx2724 2 года назад
@@DaveM-FFB Use an on-line compound interest calculator. I’m partial to Moneychimp, probably because I like the name.
@genxx2724
@genxx2724 2 года назад
Or they can risk life, limb, and sanity by serving in the military and earning a defined benefit pension.
@DaveM-FFB
@DaveM-FFB 2 года назад
@@genxx2724 Thanks. I do have an app for that, but I can usually do the math in my head.
@Landmantx
@Landmantx 2 года назад
I would have told him to think of his 90,000 income dropping to 45,000 cause that is what is going to happen in 10 years. That might make him a bit nervous.
@genxx2724
@genxx2724 2 года назад
His government pensions probably have COLA.
@markrothenberg9867
@markrothenberg9867 2 года назад
The cost of goods double every 20+ years not each decade. Maybe this decade but not historically.
@2023Red
@2023Red 2 года назад
Excellent video. Mutual funds are excellent and three times larger but with ten times the expenses ratios as ETFs. The difference is active or passive management. I like SPY. The huge choice menu in asset categories can be overwhelming. 30% gains last year is why.
@jdmulloy
@jdmulloy 2 года назад
It's not the fact that they are ETFs that the have low ERs, it's that expensive loaded mutual funds aren't sold as ETFs because you can charge a 5.75% sales load on an ETF to pay a commission to a mutual fund salesman. There are plenty of index funds, which are really just a type of mutual fund that have low ERs and no load. Unfortunately Dave's "Smart" vestors are paid via commissions on loaded funds that are unlikely to beat equivalent index funds from Vangard or Fidelity. Also annoying that Dave always says that past performance predicts future returns, which is the opposite of the disclaimer on all these magical 12% a year mutual funds he talks about.
@timw4369
@timw4369 2 года назад
the only way to protect is to be smart about what you do with the money you have. You still need some risk though. Its never a no risk proposition to invest. That would only be saving and that has its downfalls too. Maybe 20 percent in low risk savings items then 40 percent in dividend stocks and 30 in some alternate mid risk investments and the last 10 in some longer shot investments. You cant be 100 percent protected unless you build a bunker and live in it underground. Which doesnt sound very fun to anyone.
@cgmat7804
@cgmat7804 2 года назад
I would give house deposits to my grandkids, seems a good use of that money...
@pep590
@pep590 2 года назад
He is a very sharp and young sounding 75 year old.
@kbcinmedusn
@kbcinmedusn 2 года назад
Inflation is a tax on traditional savings.
@yellowtrain3161
@yellowtrain3161 2 года назад
This is why we have a housing shortage……this guy owns 3 or 4 houses……why??
@georgewagner7787
@georgewagner7787 Год назад
That isn't why. It's because people don't have good credit or enough money. Otherwise they could just build their own house
@theGrayArea2
@theGrayArea2 2 года назад
3 words…Smith & Wesson
@mohican-jx6fx
@mohican-jx6fx 2 месяца назад
One lesson I've learnt from millionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
@cloudyblaze7916
@cloudyblaze7916 2 месяца назад
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
@albacus2400BC
@albacus2400BC 2 месяца назад
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@gregorywhem
@gregorywhem 2 месяца назад
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. Could you recommend who you work with?
@albacus2400BC
@albacus2400BC 2 месяца назад
Well, if you are looking for a good one I would recommend *Sharon Lynne Hart.* I'm sure there are also a lot others who know what they are doing.
@FeelMyTruth
@FeelMyTruth 2 месяца назад
Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.
@cjgoetz210
@cjgoetz210 2 года назад
All in on small caps old timer
@swordandscale
@swordandscale 4 месяца назад
Imaging waiting until 70 to learn about inflation
@BLADExARTx5160
@BLADExARTx5160 2 года назад
Everybody needs to be more like Roger
@rn2811
@rn2811 7 месяцев назад
1.4 million net worth and he’s 75 years old making nearly 100K a year does he think he’s going to live forever? tomorrow’s never guaranteed get out and enjoy your life and spend that money.
@srdjr6760
@srdjr6760 2 года назад
Very foolish for Dave to just outright dismiss Series I Bond, which are currently paying over 7% with minimal risk. Does Dave keep up with current financial events? He seems to be out of touch. Additionally, the caller's overall portfolio needs to pace inflation with taxes. While a portion should be in equities, a good chunks should be in debt investments. CDs are an all around poor choice right now but he should max out I Bond purchases ($20,000 per year for the the caller and his wife). A portion should be in a high yield savings account or money market, which are currently paying half a percent (which is offset by equity investment return). Dave needs to reevaluate his strategies to incorporate current economic conditions.
@peternguyen1911
@peternguyen1911 Год назад
What about investing in crypto like through FTX?
@callmeishmaelk767
@callmeishmaelk767 9 месяцев назад
Also, trusts and lots of insurance and get an umbrella policy.
@calbob750
@calbob750 2 года назад
Know more than the person managing your investments?
@joie8465
@joie8465 Год назад
You can't run from taxes thou
@TheDjcarter1966
@TheDjcarter1966 2 года назад
Wow just amazing a guy you would think is so smart has almost $500K making almost 0% for who knows how many years...just sad especially as a retired military man myself. You don't need this money it is just going to your kids and grandkids as Dave said if you just put it in an index fund if you reach 85 they will have well over $1M. IF you aren't going to take that advise and leave it in bonds YES at the very least put it in I bonds so you at least keep up with inflation.
@caseyporter499
@caseyporter499 2 года назад
Yeah but being 70 and having a million dollars is ridiculously unambitious in the first place.
@jimroscovius
@jimroscovius 2 года назад
Must be nice - I and my wife don't get pensions. We only get what we saved and invested.
@TheBigWanger
@TheBigWanger 2 года назад
Don’t feel bad. Most of America is the same.
@wineman88881
@wineman88881 2 года назад
No Social security?
@jimroscovius
@jimroscovius 2 года назад
@Gary Hamrick We'll get Social Insecurity - whoopti doo. Why should I be happy with a stupid government plan that loses 4%? That doesn't even cover inflation. Our investments made 24.5% in 2020, and mine made 10.4% last year. Don't know what my wife's made yet, but it's usually higher than mine. I would have gladly given up SSI if they would have let me invest my money instead of stealing it from me. Only the government could sell the people on a rotten plan like that!!
@mannyjeanpierre4062
@mannyjeanpierre4062 2 года назад
seems as though personal investments are better than pensions anyway. You can pass them off to your heirs and they don't go defunct if the company goes under
@jimroscovius
@jimroscovius 2 года назад
@@mannyjeanpierre4062 Agreed!! The problem is that I'm forced to be in this money-losing Social Insecurity system. Just think how much I'd have if I could have invested that from the beginning!!
@clair233
@clair233 2 года назад
08:10 " oooo k 😬 " 🤣🤣🤣
@theraddadinvestor1000
@theraddadinvestor1000 2 года назад
depending on your age, most shouldn't protect their assets, risk them in a healthy risk stock.
@ajax8079
@ajax8079 2 года назад
At 75 years old. Why be conservative about money? I'd spend it and spend it fast. Can't bring it with you.
@SakuraMo1844
@SakuraMo1844 Год назад
What if he lives to a 100
@coniccinoc
@coniccinoc 2 года назад
Last year, I started investing in microchips by way of a Fidelity mutual fund. I have a feeling these little wafers are going to continue to be important in the near future.
@laylow8648
@laylow8648 2 года назад
What Fidelity Fund is that. I have Fidelity and am quite happy.
@TheChromelover
@TheChromelover 2 года назад
I would prefer potato chips to semiconductor chips.
@everettcalhoun8197
@everettcalhoun8197 2 года назад
They are the industrials of the 21st century.
@mathisnotforthefaintofheart
@mathisnotforthefaintofheart 2 года назад
@@laylow8648 FSELX
@laylow8648
@laylow8648 2 года назад
@@mathisnotforthefaintofheart Thank You, I will check it out right now .
@demri123
@demri123 2 года назад
I would actually just recommend gold and silver bars for this guy
@erickisel8668
@erickisel8668 2 года назад
Buy gold! Precious metals preserve your wealth!
@ralfbo685
@ralfbo685 2 года назад
Or the better version of gold you can move millions of dollars worth of energy of at the speed of light for a couple dollars... Bitcoin!
@BlackMuslimConservative
@BlackMuslimConservative 2 года назад
@@ralfbo685 yes to gold, YES to Bitcoin!
@kagnewcobra5228
@kagnewcobra5228 2 года назад
Why is he saving for his daughter and grandson ? For a legacy or for the nursing home. Thank you for your service
@roofingdyi6.7powerstroke8
@roofingdyi6.7powerstroke8 2 года назад
75 years old 1.4 million networth he's broke ,I'm worth 1.8 million only 32 years oldI have 9 rentals. No risk no rewards
@BunkMasterFlex77
@BunkMasterFlex77 2 года назад
Cool story bro
@musicpro7278
@musicpro7278 2 года назад
Ur being to cocky. That's not good I can see something bad happening to ur money in the next 5 years. It happens alot to people like you to humble you
@laylow8648
@laylow8648 2 года назад
@@musicpro7278 You are reading my mind. Or this guy is pure BS.
@ProCoach2373
@ProCoach2373 2 года назад
As long as you can ride out a valley, you'll be in great long term shape. That net worth is far from broke. LOL
@alinatamashevich3354
@alinatamashevich3354 2 года назад
@@laylow8648 Lots of real estate multi-millionaires on Dave's channels. The own and manage 100's of rentals and have unlimited time to post comments. And all their tenets pay on time in full.
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