I'm Getting $200,000, What Should I Do With It?

Подписаться 275 тыс.

Просмотров 39 тыс.

50% 1

I'm Getting $200,000, What Should I Do With It?
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!)
• The Ramsey Show (Highlights):
ru-vid.com...
• The Ramsey Show (Full Episodes): ru-vid.com...
• The Dr. John Delony Show: ru-vid.com?...
• The Rachel Cruze Show: ru-vid.com...
• The Ken Coleman Show: ru-vid.com...
• The Christy Wright Show: ru-vid.com...
• EntreLeadership: ru-vid.com...

Опубликовано:

10 окт 2021

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 112

@RamseyEverydayMillionaires 2 года назад

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3kwqrhf

@aaront936 2 года назад

If they give the same outdated investing advice that you give on your show. no thanks.

@stellarocquie7957 2 года назад

@@aaront936 LOL, OUTDATED? It's MORE RELEVANT NOW than it has EVER been! But suit yourself.

@starwreck 2 года назад

if it were me i'd invest it in a taxable account and not pay extra on the mortgage. i wouldn't bother with an IRA conversion

@thebigjohnson33 2 года назад

This is the way.

@ZacharyBuhler 2 года назад

Always follow the baby steps, it’s not rocket science people. It’s a tried and true program, if you follow something that works, you’ll make money. 👍🏼

@walkietalkie1973 2 года назад

The whole point of Dave's advise is to become debt free ASAP.

@liammcleod159 2 года назад

It might not be the absolute most efficient way to build wealth. But it's by far the safest.

@aaront936 2 года назад

The whole point of Dave's advice is to sell his classes and his smart vestor pros.

@miketheyunggod2534 2 года назад

Except he Never did any of those steps. He started a business.

@miketheyunggod2534 2 года назад

@@liammcleod159 if you got 40 years of your life to waste.

@Jesse19405 7 месяцев назад

This guy's mortgage interest rate is at >3%. I would happily go a Billion $ in debt at that rate if I knew I could turn around and get 5% in a savings account.

@gamerzero9764 2 года назад

I’m glad their are people out there willing to give good and honest financial advice. Lord knows we need it!

@Je.rone_ 2 года назад

Dropped my phone on my face while watching this video, yall be careful out there

@pattythomas9405 2 года назад

Oh my gosh Dave had me cracking up at the end! 😂

@ElainesDomain 2 года назад

When Dave is there I'll watch/listen. The others I turn off.

@marcenelj 2 года назад

What Dave is basically saying is this, don't use the $200k to pay the government taxes by converting traditional investments to Roth IRA while you owe money on your home. Throw it at the mortgage first

@aaront936 2 года назад

Which is a terrible idea

@margaritahonn9592 Год назад

a lot of investments could be done with $200,000, you just have to relax and focus on the right one.

@arianne9093 Год назад

a lot? tell me about that.

@aaront936 2 года назад

Pay off high interest debt and then invest the rest.

@ladysparkle6784 2 года назад

If you have a mortgage you are not debt free.

@aaront936 2 года назад

If its a low fixed rate you would be better off investing instead of paying down the mortgage.

@BrendanEvan 2 года назад

Dave: “throw it at the house” Caller: “Walks up to the front door and pitches a handful of cash into it at 80mph” 😂

@melissab0515 2 года назад

Batter up! ⚾️

@Gregarious3 2 года назад

As I have repeatedly said to my.wife about our money: yes, I could take this same money and maybe make a lot more of it but, paying off the rental is also not a mistake and it is very safe.

@markg999 2 года назад

I'm usually pro pay mortgage off but I wish they asked if they got a pension and how much...if it covered easily the mortgage I'd invest the 200k into index fund and not touch it for many many years.

@donaldlyons17 2 года назад

If he was military he very may have health and some sort of pension. But I have always said the military is hard work but excellent benefits unlike a lot of normal employers.

@user-nq4fm5iz9q 2 месяца назад

Isnt there limitations on how much you can put into a roth annually. This is prceeds from a sale of a house

@AD66Liberty 2 года назад

Dave, I’m concerned the caller may have upcoming capital gains and depreciation recapture on the Sale of the rental as he refers to be receiving a gross amount. Id be sure to put aside funds for taxes and only throw the net amount at the house

@MsMaxinejoy 2 года назад

Only if only over 250K. They'll receive 200K.

@chrisphilips2768 2 года назад

They will have to pay capital gains because it is a 2nd home.

@nuleafonlyfe04 2 года назад

@@MsMaxinejoy they will have a capital gains tax because it's not their primary residence. I'm surprised Dave didn't bring that up.

@MsMaxinejoy 2 года назад

@@nuleafonlyfe04 Thanks for telling me.👍🏿💥

@Zatchwen 2 года назад

Thank you for your service Jonathan

@doublet8142 2 года назад

I need that kind of problem now..🤣

@Lon1001 2 года назад

At least max out the Roth first before throwing money at the mortgage.

@Santaheckler 2 года назад

The silence tells you what that guy is really gonna do…he’s got the percentages calculated like a pro. 😆

@joshuajohnson9936 2 года назад

Yes he does lol, the smart thing to do is invest it in this scenario.

@Santaheckler 2 года назад

@@joshuajohnson9936 yet he calls…

@joshuajohnson9936 2 года назад

@@Santaheckler yah, he seemed disappointed with Dave’s answer. I think he was hoping Dave would side with him and that was going to be used as a bullet point in a discussion with the Mrs.

@demri123 2 года назад

2% though.....goodness. i wouldn't pay any extra on that. Invest that 200k in oil stocks, double it in a year, and then pay off the house in full

@ponolovefarms3926 2 года назад

Double in a year? 😆😆

@joshuajohnson9936 2 года назад

Seconded

@hisaddle 9 месяцев назад

Right now Credit Unions are paying 5% for 6 to 12 months certificate

@jordanaubrey-realestateinv334 2 года назад

Good Idea alot of my private money lenders uses that Roth IRA to create wealth for their family by investing. I love Real Estate

@GT-ir4rs 2 года назад

Invest it!

@WealthBuildersInvest 2 года назад

Honestly with his interest rate, and with that kind of money, and with the rate he is already paying off the house, Dave is TOTALLY wrong. He could invest that money and have double the investment, but instead he pays off a 2% mortgage?? makes no sense

@uberboiz 2 года назад

The thing is, no one knows how much longer the interest rate will stay this low. It's baffling how many people make personal finance decisions on the assumption the interest rate will stay low for years (even though it is beyond their control), instead of focusing on repaying their debt as soon as possible (which is more controllable) - makes no sense.

@WealthBuildersInvest 2 года назад

@@uberboiz He has a fixed loan dude, he is not going to be paying more. It's baffling to me how people like you hate debt so much without realizing the full implications of paying off that debt instead of investing the money. Not to mention, inflation is about to get much, much worse. It isn't about to get better. a 2% interest rate with a 7% inflation is a joke. He should NOT pay off that house, but invest it instead.

@uberboiz 2 года назад

@@WealthBuildersInvest He also said he's a retired military mate, so I assume he'd be quite old. Having a $480k mortgage (whether the interest rate is fixed or not) by the time he retires doesn't sound like an ideal circumstances. I don't necessarily hate debt, but there are people who sleep better knowing they are debt free. After all, personal finance and investing is not just about chasing the highest return, and that's where Dave is coming from. He knows first hand how it feels drowning in debt when he was young (his strategy to use leverage backfired) - he's fortunate time was on his side to claw his way back, but older/retired people don't necessarily have that luxury.

@aaront936 2 года назад

@@uberboiz fixed rates are fixed. Paying off a fixed low rate loan early is a poor use of money.

@uberboiz 2 года назад

@@aaront936 Your point is valid if you are looking at it purely from an investment return point of view. But as I said in my previous response, there are more to personal finance/investing than just maximising returns. Even if the rate is fixed, your ability to make the repayment is still dependent on your income - maybe you don't have to worry about it so much if you are still in your productive years, but old people nearing retirement are in a completely different circumstance.

@justinbrown6922 2 года назад

Amc 🚀

@fssworldwide 4 месяца назад

I just stumbled on this guys advice and its not the worst but its pretty bad sheesh.

@itsthatwhale Год назад

Nah bro I'm buying the 14 karat gold lego c3p0

@robertpalos564 5 месяцев назад

Is the 200k after having to pay out the property gains? If not, you’re losing a lot of money to property gains tax…1031 exchange the profit to avoid having to pay taxes

@jayc4715 4 месяца назад

1031 only defers the tax

@Jesse19405 7 месяцев назад

Why would he be "creating taxes" by contributing the house proceeds to his IRA?

@pvn0369 2 года назад

2%?? Inflation is higher than that! Keep the loan and invest the 200k, you can make over 10% investing in safe mutual funds

@DeionSardines 2 года назад

Give it to me

@rollingacresfarmstead206 2 года назад

Go to the roulette wheel put it on green thank me later

@justinbrown6922 2 года назад

It worked I’m rich 💰

@AtomicQuotient 2 года назад

Good advice, why would you take tax money to pay your mortgage .. that's gold

@bey976 Год назад

I never really hear advice.. did you guys hang up on him lol

@dirtrider292 2 года назад

Buy a magic carpet.

@thomasschmutter469 5 месяцев назад

Construction Workers and landscapers get this money. From Mr Thomas Schmutter per year.

@BadMannerKorea 8 месяцев назад

Years later we can see how Dave's advice is wrong. People would LOVE the 2% mortgage. Remember folks, Dave was asked if he would accept a billion dollars at 0% and he said no.

@fssworldwide 4 месяца назад

lol

@djpuplex 2 года назад

$480k house $120k in a 401k wow nice house 💩 401k.

@josephcoatofmanycolors 2 года назад

Just Give me $50,000 out of it, thank you.

@davyhoogy 2 года назад

Spend it alllllll

@Ssenhancements 2 года назад

Horrible advice. Total waste of 200k. That house isn’t making him any money..

@Eddie-3466 2 года назад

Buy Bitcoin .

@linkbelt111 2 года назад

A small crypto position is great, can’t imagine anyone betting the farm on it!

@Eddie-3466 2 года назад

@@linkbelt111 I would take out 6 month living expenses and put the rest into bitcoin.

@joeberg5248 2 года назад

Agreed lol Pick up some Etherium and Cardano too.

@saulgoodman2018 2 года назад

Invest index funds. You're making like 8 percent or more than the in terest on your house.

@miketheyunggod2534 6 месяцев назад

Spend it on cigars and women.

@FOG-321 4 месяца назад

And invest heavily in bitcoin...

@percivalgooglyeyes6178 2 года назад

$200K and you live in Texas? Go get yourself a new $85K pickup. That F250 King Ranch is pretty sweet! YOLO no FOMO!

@conradeaton4311 2 года назад

Invest it in Bitcoin and Ethereum it will double in 3-6 months

@margaritahonn9592 Год назад

haha this comment didn't age well

@scottysteadman5063 Год назад

Lol 😂! Bankrupt!!

@mrsTessy1telgrm. Год назад

人人人人人人人人人人人人人人人人人➕𝟭𝟴𝟲𝟰𝟮𝟬𝟳𝟭𝟲𝟰𝟰人人人人人人人人人人人人人人人人人人෴copy it this way, RU-vid is frustrating 😤

@saulgoodman2018 2 года назад

That 200k in 20 years at 10 percent, is 1.3 million. In 30 years, 3.5. And that's without putting in anything extra.

@ponolovefarms3926 2 года назад

Try to imagine not having a house payment (most likely rent in your case) at all and how much money you’d be investing every month for the next ten years. Worry free. Or stay in debt your whole adult life.

@saulgoodman2018 2 года назад

@@ponolovefarms3926 It still will not come close. And I said without putting anything in.

@ponolovefarms3926 2 года назад

@@saulgoodman2018 good luck dude.