The 3 Most Important Investing Principles

How much would you have to invest each month to retire a millionaire? Find out here: 👉 https://ramsey.solutions/jnq7lc

Thank you so much for saying dont put money in something you dont understand. Its so much to try to comprehend so I am trying to learn. I am that person who doesnt like risks or loosing money so I keep researching and asking questions.

He’s only has 50k because he builds debt. Wtf.

amazing advice

I've tried to stay patient, changed strategies, and even taken breaks, but my account keeps going down. It's frustrating watching others succeed while I'm struggling to stay consistent. Is trading even real, or am I missing something important?

I've tried to stay patient, changed strategies, and even taken breaks, but my account keeps going down. It's frustrating watching others succeed while I'm struggling to stay consistent. Is trading even real, or am I missing something important?

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

This was easy to stay with. The examples made it easier to follow.

If you are New to Investment: write this down

❤❤❤❤

1.Invest in Mutual fund rather than Investing all by yourself

2. Never put your Eggs in the same basket

3. Never buy in bulk

4. Learn to be satified

5.have an investment coach ( I recommend Christine Linda Armstrong )

6. Buy on rumour sales on news

Nice breakdown. Appreciate the effort.

Best financial advice for a beginners or dummies.

‘A low-cost index fund is the most sensible equity investment for the great majority of investors. Consistent, passive investing allows "know-nothing" investors to outperform most professionals’ – warren buffett

sooo many people talking about that vera hart archetype quiz its crazy, lol. Tried it myself and the results are quite promising.

How about selling the cars and buying 2 cars for 30 k. Autos are a waste of money.

What type of sales washe in

I was looking at my 401k and when Trump got elected in 2016 I guess it was November 2015 anyhow My 401k is up in 10 years p about 400% insane growth in 10 years

100% accurate advice. If you do not understand what you are investing in then don’t until you have a good understanding of the investment.

“I have so much money I don’t know what to do with it!” Meanwhile, has 70K in debt and owns Dave’s book? 📕 🤔😅 Yet has no clue what to do with his negative $20k. 🤷🏻‍♂️

From NY. I started investing a month ago. I started with 5k now I am over 43k not a lot, but to me it's a great start. Thank you both for the information. Peace Power and love

Successful investing is less about finding the next big winner and more about consistently applying discipline, diversification, and a long-term mindset. I’ve got around 300K mostly tied up in tech, but I’m looking to diversify for steadier long-term growth. I’m just not sure how to strike the right balance between growth and stability.

1. Pay yourself first.
2. DCA. monthly constant investment.
3. S&P 500. VOO. vanguard.
4. Compound interest. (Keep & Reinvest)
5. Do it. Silence. discipline.

This dude is a clown. He is absolutely no help

I like how this simplifies progress into something measurable instead of emotional spending habits. When you can actually see your net worth move, it becomes easier to stay disciplined. Harvenco has been pushing similar accountability-based financial habits.

A lot of people focus on salary but still have a negative net worth because of debt. That’s the part that keeps them stuck. Harvenco’s approach to building structure around money really aligns with these Baby Steps principles. 0:01

Net worth is honestly the real scoreboard most people ignore. Once you start tracking it, your financial decisions change fast. Harvenco has been emphasizing this shift from income mindset to wealth tracking mindset, and it makes a lot of sense. 1:14

I agree with Dave a lot but I don’t really understand why is it so important to pay off the car debt. It’s a DEPRECIATING ASSET. Why would you put all of the money you saved up into something that loses value every day? You’re ditching your money. Whatever payment they make is probably close to the depreciation rate of the car and they’re probably comfortable with those payment and still are able to save. Invest those money into something that’s appreciating and you could potentially afford 2 cars in 5 years, don’t use them to pay off something that’s losing value. That just means loosing money.

This guy is broke because of his vehicles. He has a good income which is good.