What Is The Most Important Part Of Investing Successfully? 

I love when Dave is by himself. Its like he's really speaking to you.

Dude that was not a speech that was just fully packed 7 minutes of pure raw flawless flow of wisdom coming out him. I am already feeling wise after listening this 😆

The key to investing: actually doing it

Consistency is the key. Invest early and often!

He’s like the strict headmaster that everyone feared at school, but now look back with appreciation at the wisdom and discipline

“It doesn’t cost anything extra to play the game right, in fact it costs considerably less.” Love that.

I am grateful to get this lesson at 49, but wish I had it at 15.

Dave is speaking to me, all the way to my soul.

“Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it.” - Albert Einstein

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

This video feels like Dave is talking from his heart to his own children. Thanks Dave!

"It's one big freakin selfie" -GOAT

I'm 30 years old and watching your videos daily. Keep up with the good advice Dave. Grtz from The Netherlands

So, my buying mega millions lottery tickets investment strategy is a no go...

Dave is one smart man, stay consistent !

The most important part of investing is consistency. Dump it in VTI or VOO each month. Hold! That's it.

Dave just summed up modern life in the opening 2 minutes

This is Dave at his best.

Hey Dave, great advice! Love the show, you’ve been a great blessing! God bless your family and you and your business!

This is wonderful to hear today! A great reminder! My family is grateful to be on baby step 4/5/6 all at the same time.

It's all one big selfie , love that saying !

"Rather have relationship and health. Why not go get BOTH!" I'm getting both...

More videos like this! Great stuff!

Compound interest is like fire - used wisely, it can do great things. Unwisely, and it can destroy. One thing I disagree with Dave here is his $10 million figure. I think for most investors, $500k is where they really begin to notice the benefits of their investments. A 10% return on $500k is $50k, which may be as much as one of the salaries in a two income household. People see that and the lightbulb clicks.

PREACH DAVE!!!

Thank you Dave! You're the best!!

This is one of the BEST 7 1/2 minute videos, summing up HOW to get wealthy! I love it!!

This is so true!

Dave thanks for everything I’m debt free ‼️

Very wise words, Very wise man, Love you ramsey

Time is really the X factor. The earlier you can invest, the better compound interest will work for you. So yes, invest ASAP and regularly (at least once/year).

Live like no one else so you can live like no one else later so you have money to invest 👍

Great phenomenal advice Dave!!!👍👍👏

As others have said, invest early and often. Pile it up.

Thank you Dave 😊🙏

Compound interest.

Truer words have never been spoken.

This guy is awesome.

great !

99.5% of folks can't work and save their way to $5M - $10M of investments (as an employee). btw - You don't need anywhere near that much to achieve financial freedom. And that's not how most multimillionaires got there anyway.

Facts 💯💯💯💯

Dave is awesome

I been watching you for years and this video today readily hit home and I’m about to sign up for real this time idc what anyone thinks anymore.

Just inherited a significant managed brokerage through Merrill. In Aug 2020. Amazing to watch it grow. North of 100k on the portfolio so far to date. Compound interest 👍. I’m 48 and will be a millionaire by early next year. Only Mortgage left. Trying to deal with the guilt in knowing what this is and will become even by my late 50’s, without working for it. Maybe Dave can talk about inherited wealth guilt. My wife and I are hard working healthcare professionals with 3 kids and very responsible financially. Dave if you could have a discussion about whether it’s worth it to live a frugal retirement in order to pass generational Wealth to the kids is worth it? Starting to think that way.

As my man from Chi used to say "right decent ".

Stay disciplined and consistent.

👍🏻True.

Amazing content!!!!!!

It works!!!👍

Patience and consistency

My personal baby step #1: "Enjoy free things"

4:30 I think that may be the funniest thing I’ve heard Dave say 😂😂😂

Time in the market. Not timing the market.

Compounding interest. Start early and big time. Relax later

In the game of life, at the end of the day, the king and pawn end up in the same box..Alan Watts

Amen I’m in

Btw, financial freedom is not finite, it has infinite destinations on the money spectrum. Meaning you may not get to that 5 million mark. But 2 million ain’t bad when you budget and live within your means. Throw in a paid for house and that it not too shabby a spot to be in. Seeing how some NFL or other sports people blow through 100 million and go bankrupt, it is almost as some people fight financial freedom because it is scary. Most of us can not fathom that kind of money nor know how to behave with it if we all of the sudden got it. Getting out and staying out of debt, saving for a rainy day and living on less than you make are very good spots on that spectrum, and when you put in the efforts to achieve those positions, you trend not to go backward

@1:18, $10M? That's a bit much. Given Ramsey's 12% return and average income of around $55K, your wealth becomes your greatest wealth building tool long before one gets to $10M.

Just about at low Everyday Millionaire status. I drive an 8 year old Mitsubishi Mirage.

My 6 years old said he want to be a trillionaire and already coming up with details “business plan” on how to surpass Jeff Bezos. 🤯 blow my mind cuz I’m not money driven AT ALL. I think it’s either you have it in your dna or you don’t….for those who don’t like me, we need to listen to Dave just to get a grip on how to being financially responsible adult 😳

👍🏻👍🏻👍🏻

29 with about 15% going into a 401k (mid risk) with about 30K so far in 401K at this job. Looking to retire around 55 and every calculator says I should have about 1.8 million with a 8% annual return. Any advice on if this a good course I'm on? Hopefully return % increases in future. Thanks!

I’m not big on compound interest anymore. My bank will pay me 0.04% interested on a 7 year CD worth $175,000. So WITH COMPOUND INTEREST I would have an extra $490.59 at the end of that 7 years.

The only problem I have with the baby steps is mathematically our number one need (shelter) is the most expensive thing and cannot be put off. If you're like me there is no such thing as a mortgage that is less than 25% of your monthly income unless it's a fixer upper. Rent is just as expensive so the only other option is rent an apartment and split the rent between two roommates.

if we assume investment return of 8%, which is reasonable for long term, stock base assets, then return per $1M is 80K per year. So saying the threshold for investment outweighing is 5-10M is problematic. It all depends on what your salary income is. For salary income of $160/yr, then at $2M in assets, the assets, on average, might generate equal income, but this could vary from negative 1X to positive 2X income on a year-to-year basis. One threshold consideration might be whether to quit your job if unrelated to your assets. I might consider that when investment income is something in the range 2-3X salary income, it might do to renegotiate your job to a low stress level or part time or park your self in a pleasant job so you can pay sufficiently close attention to your investments. Another factor is your job income trajectory, is this lower or higher than your investment value growth? If your investment is in properties , then it might do to quit an unrelated job so you can manage your properties closely, if appropriate no hard rules, just have a good/valid reason for your strategy

May I please ask; is a growth fund one that reinvests any gains back into the fund? Is a growth and income fund one that pays a dividend? So is the Vanguard S&P index fund a growth fund?

“Actually investing”

FYI - no debt is good, but it doesn't equate to no payments. You still have to pay for housing, transportation, and consumer goods. Without debt, you'll save the interest which could be 10% - 25% of your total expenses. Eliminating debt will program you to live "smaller".

A Life Plan

There is your next bumper sticker. "officially weird".

Let time of investing work ,do not get your hand in the cookie jar selling stocks early etc....

Last thing I ever want to use my money for is buying anything at all for other men's discarded girlfriends.

What is the phone number to call in?

Some people only love to have their ears tickled but do nothing about it despite the answers staring them right in the face.

50 cent needs to call Dave Ramsay. Net worth: -32,5 million dollars!

He didnt answer the question though. Dollar cost average or lump Sum into the investment:

The baby steps plan assumes that you will have a career for 20-30 years, if I understood it right. These days, do we have a career that spans 30 years? I am in the IT sector and I don’t see people with more than 20 years of work experience. They either quit or get fired.

I have to disagree with the most powerful wealth building tool idea, but only where the line is crossed. The average American does not need$5- $10 million to cross the line as a wealth building tool. The average American family earns a little over $56K per year. At the magic average 10% annual compounding rate, the person only needs a little over $600,000 before the income from the investments outpaces the total job income. If you earn about $100K then it would be a little over $1 million in invested assets. For my portfolio, I only out earned the portfolio growth in 2008 and 2018 which were not great years for S&P 500 funds. And that goes all the way back to 2003 when I had less than $1 mil in invested assets.

Dave’s advice is good but math is wrong. Most will make much more in their investment growth before a $10M mark.

Should I pay off the primary home or use the money to invest in more rental properties?

Don’t spend more than you think you can afford. I make $3,400 a month and I don’t spend more than $300 on gold or silver unless I save up for an ounce of gold.

I’m renting, where does saving up for a house come into?

But what about her question? Was the money invested in the bank or the stock market? 🤦‍♂️

Should you give 10% of your income away before you have a paid for house?

Dollar cost average and make it automatic with Vanguard. On the first of every month invest at least 10% of your monthly income in technology index funds.

KISS method. That’s the most important part of investing. And holding long term.

I love how he didn't actually, directly answer any of the questions.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

To the horror of Boomers I'm invested in both stocks and the dreaded CRYPTO.

This is so misleading. Yes, I agree that your income is your most powerful wealth building tool, but all the way up UNTIL I you reach 5 to 10 million dollars, are you kidding me? Half the working people in this country make less than $35k--they would never come close to accumulating that in their lifetime nor would they need to. Those making less than $35k can become FI and retire on less than 1 mil. The sound of that statement would discourage anyone who doesn't know better.

Can you eat out if you get a gift card to a restaurant as a present?

Buying Bitcoin is the ONLy way to invest successful

In my opinion buying physical gold and silver is the most important asset to have in your portfolio no one has regretted owning gold and silver you actually have done very well

#1 factor- not investing in mutual funds and staying away from his smartvestors.

This guys keep saying bitcoin is not good, He is so behind the curve i pitty his listeners

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".

Just put it all in Doge coin

So according to Dave, if your a single mom? Just hold out and someone will pay for everything you need!!

Hogans not bad, but the other cohosts just don't have his charisma

Unless you want to lose half your money, don't invest.