Financial Advisors React to Financial Advice on YouTube!

Dave Ramsey also recommends paid off real estate, which has similarities with fixed income.

can you guys stops talking over the videos?

it’s annoying

I'm a car guy
Drives a Mazda
He's my hero

I have done 4 month 0% BNPL to keep the money in HYSA longer 🤣

You're giving Props to all my People 🤣🤣

"I totally understand your suggestions and observations, which are all technically and theoretically correct! However, we must consider that we may not all be fit and energetic when we reach our 60s to enjoy our money. What if we get sick or something unexpected happens by the time we become millionaires in our 60s? What if, by then, we don’t have the energy, mindset, or physical condition to enjoy life as we want? Wouldn’t it be wiser to follow your advice while allowing ourselves to indulge in some unnecessary purchases or expenses for our own pleasure?"

I have bought a lot of modest new cars over the last 45 years. I'm really happy that I did. Nothing fancy. There's no reason to drive your kids around in a beater that is going to leave you on the side of the road. Cars didn't keep me from becoming very well off in retirement.

I'm 80% equities in retirement, which I think is probably overly conservative. You have to factor in the probability of losses vs the cost of giving up the upside. US equities are a bet where your odds of winning are 90%.

I seriously doubt the hair of any of your clients is LITERALLY on fire.

My first vehicle when we got married had for 16 years until I needed to start driving a lot for work. Now I have been driving the vehicle that replaced it for 6 years and paid it off in 3. Plan on driving this as long as I can, get all the required maintenance etc..

Dang! I could have million😢 more if I did no buy that Porsche! I’m so mad I’m stuck with just 5 millions saving.

LOCKED IN when the car sound appeared ❤❤❤❤ the editing teamLOOOOOOOOVEEEEEEEE

You can also buy appliances and TVs and similar items from a warehouse club like Costco and they often offer extended warranties as part of the purchase price. The prices are not any higher than other stores (oftentimes less) but you get that little extra piece of mind. Plus, they usually have great return policies.

69 retired 3 years taking SS at 70 in 1 year.
Because we have no debt we can live off of just SS we are 100% in stocks.
1. 20% cash bucket out of the market to handle a down market..

2. 31% SCHD value/dividend ETF (I think of this are a replacement for bonds)

3. 30% VOO S&P 500

4. 16% SCHG Growth ETF

I don't know how anyone is using the 20/3/8 rule to buy a car. If I want a $400 car payment, 20% down, on a 3-year loan, I'm looking at an $18,000 car. The average used car price is $25,000.

The one time i bought an extended warranty from Best Buy, for a laptop when I went to Iraq, they denied my claim because "acts of wars" were excluded. 20 year old me was bummed, but I couldn't go to a bar to drown my sorrow.

I find wool to be very itchy.

For my safety net part of the portfolio I had bond funds. 2022 destroyed that idea when it crashed 22% from inflation and Fed raised interest rates. Now I use SCHD dividend investing to balance out the index funds. Yes it is still in the stock market but counter to the AI boom cycle.

A google ad covered the bottom left 1/6th of your video and wouldn’t go away even after clicking on or clicking ‘dismiss’.
😢

They are very smart but they are promoting a fee only advisors to make themselves rich not you 😂

I think cars really blow up a lot of people's finances. I've known so many people who drive a flashy car and are at the same time completely broke. Imagine how much money you'd have if you had not spent all that money on cars? I retired at 53 mostly because I lived below my means and invested aggressively. Now I passively earn more than triple my former salary without having to lift a finger. Would you rather own a series of flashy cars and be stuck working a job you probably don't enjoy for your whole life? Or would you rather own an affordable car (or no car) and retire early making more money than you ever did at your job?

Following the same progression illustrated @10:00, it would take 59.5 years to reach to $10 Million. Incredibly, no more than 1.5-2.0% of households in the US have a net worth of at least $10 Million. It takes about 31 years to reach $1 Mil, but it takes ONLY an additional 28 years to get from $1Mil to $10Mil.

Ayyye happy to see Quiet Millionaire Jack getting recognized!

Look the stock market doesn’t get less risky with increasing holding period and it’s obviously gets proportionally more risky with the amount invested!

Seems like every fourth person I meet is a “wealth advisor”. Been investing mostly on my own for almost fifty years. My advice is , if someone sells something , ask yourself if what they are telling you is a sales pitch or is it honest advice. I would also ask if they personally own what they are pitching . You’d be surprised at the responses at times.

Love the hair on fire effect!

Grant is a fool

“Russian Roulette is violent” proceeds to explain airplanes smashing into the ground

When I buy a car/truck (which is rare), I pay cash and I typically drive it into the ground. My newest purchase was 9 years ago when I bought my Tacoma.

$113 per year on lottery tickets?! I'm 50yrs old and haven't spent that much in my entire life time!

Grant Cardone is a grifter and scam artist. Period. No one should defend him because his loyalty is to money, not friends, family, or morals.

I paid cash for my new car in 2010 and I’m still happily driving it 😂🎉

Erin is a sweetheart! Bloopers are the best.