Today we meet with Dave Ramsey to discuss investing, debt, building wealth, and credit cards – Enjoy! Add me on Instagram: GPStephan | Follow Dave Ramsey Here: https://www.youtube.com/c/TheRamseyShowEpisodes
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I like to see MEET KEVIN get evaluated by Dave Ramsey, but likely not.
Meet Kevin is a Fraudster :).
Dave isn’t that great tho… I said what I said 😆 🤣
My two favourite people coming together 🔥
@Graham Stephan what would you do today if you were starting from 0 today with $100k?
Dave Ramsey has finally met his long lost son
Never sell just keep buying kid
Dave advice is great for most people but it doesn’t apply to real estate.
In the real estate business, you want to keep hoarding debt as it offset your investment income
That’s how Robert Kiyosaki can a billion dollar in real estate debt and pay the govt zero
Hi
Amazing!
25 million… My advice and hear me because this will really just simplify your life… liquidate 15 million buy a building that was once a bank that has a vault… take that cash money of 10 million apply for a Banking Charter with the fed… Now loan money to people … I think you can get what.. 100 million in bank rate cash on 10 million you deposited once you get your Fed Charter… now you just have become the bank and get all kinds of perks… be a decent person and send me a million for my actual expert advice
What’s 1031 ?
It allows you to carry over the equity without being taxed on it now.
Imagine you buy a house for $300,000. Then later you sell that house for $500,000 and you buy a new house for $500,000. You can 1031 the entire $200,000 equity into the new house.
However, if you then later decide to sell that house for $800,000, your original cost basis is only $300,000, because you still owe taxes on the original $200,000 of equity + the new $300,000.
Or you can just 1031 all that equity into yet another house.
And if you do this over and over again, you don’t ever have to pay taxes on it. And once you die, your kids/wife will get the step up in cost basis to the current price of the properity.
@Malas91 🙏
This was a good convo. Appreciate y’all’s maturity and keeping it cool on both ends. Also, Graham, you are crazy gifted man, it’s so obvious you have those gifts and a humble spirit to carry others with you.
Keep crushing
They have respectfully criticize each other for years. Both with different experiences about debt, both successful and both sticking with their principles. I love this collab.
YES! Respect even among disagreement! What a shocker in this world today! 🙂 Love it!
Congrats on being the first to bring him on!
Love this video!
Graham and similar investors are exactly why the housing market is screwed up. Puts up one wall in a duplex and increased rent by 50% lol
This was a cool perspective to see.
Dave was ready to pounce but couldn’t. 😄😄😄😄
Love these kinds of insight videos, like let me see what you’re doing so I can learn something new that I might apply towards my portfolio!
This was great! Long time follower/subscriber of both!
don’t meet your heroes
Although< I have interests in global economics I don't watch the news anymore... I have enough FUD in the crypto markets lol. Thanks for sharing this news and offering your insight on how to navigate crypto during unfortunate times/events like this. You're right about keeping level headed when investing/trading so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 10.6BTC from day trading with Craig Zach. Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
I’m overwhelmed how efficient his signal his, unlike other trading services has used in the past he fully understands the market and how to implement his strategy.
I’m currently up 705% in this dip on my holding with his tips he is truly amazing
What’s his Te l e g r am
Asking ?
craigzach
great expert in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.
@graham Stephan now that u have accomplished so much at a young age . What is next for u ? Just curious. U have been so successful! A lil ole subscriber don’t need to say 👏🏽 but I’m say it anyway good job!
This is almost a discussion between two financial guys from two different parts of their lives. Really good episode! Like they say, the young guy knows the rules, the old guy knows the exceptions!
Good advice session
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I’m still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my goals, and in my first year working with her, I made a over 200k, which I hope to scale to a million before the end of the third quarter.
@Brooks August that’s impressive!, I could really use the expertise of this advisors , my portfolio has been down bad….who’s the person guiding you.
Sure, the investment-advisor that guides me is Frances Annette Batista, she popular and has quite a following, so it shouldn’t be a hassle to find her, just search her
the thumb photo is the same person 35y difference
In Australia we have offset accounts where you can park excess cash and the amount is deducted from the loan prior to interest calculation. You can later withdraw this money without affecting the taxable amount in the mortgage. So it’s like you have paid off some or all of the loan, but can redraw at will.
Dave really needs to expand on this topic on his show.
finally! A vid of grahams worth a thumbs up! 👍🏼
Great discussion love hearing two opposing opinions on the opposite ends of the spectrum and being able to sit and meet in the same room and have a civil discussion. THIS is what both of your subscribers are looking for. Also it’s what we need in our country
$25 million! While my portfolio has greatly depreciated. The volatility of the market seems to be very crazy these times! Surprisingly I just saw another related video on “how I made over 100K from the markets in a day” Seems I am getting it all wrong.
@Patricia Cleveland Generally, diversification is a key factor. Don’t put all your eggs in one basket. Pragmatically, I have been into all of these for some time, though I won’t say I have made or lost a fortune. Pls do say the specialist with diverse investing choices as you said. It’s quite rare! I anticipate your response.
@Kathleen Stone R.N Funny enough, I can honestly relate. I don’t know if I am permitted to drop this here, but do run a check on Sandra Yvonne Webster. Was in the news a lot a few months ago.
@Patricia Cleveland Too bad most people don’t follow the diversification principle, the reason why they easily get tense when there is volatility.
@Patricia Cleveland In all honesty, this is the second time I am coming across the name “Sandra Yvonne Webster”. The first was Last Tuesday at a summit on the economic bubble in CA, there were lots of testimonials, with proofs from her clientele on how they gain daily with her. The testimonies were so impressive and sounded too good to be true. I had to make some research and found out she’s one of the oldest by ranking and has a very large clientele base. I am still a bit skeptical. Do you work with her? Thanks.
@Sonya Black Yes..Her AI-driven interface made waves some months ago.
Did most of your money shown in the video come from Youtube or real estate? Not the early days before youtube, but sense you started committing to youtube. thanks.
I’m pleasantly surprised at Dave’s diplomatic way of speaking. He comes across as preachy in his show but he really knows how to talk to a person who potentially has an opposing view and just calmly speak his mind without being disagreeable.
I was kinda shocked tbh at it, amazing vid tho
His show is catered to people who can’t control themselves. Specifically they can’t control themselves with accumulating consumer debt.. When he gets in the room with someone who understands what’s going on, this is who is usually is.
Yea this was great
The conversation that I was waiting for!!!
Thanks Graham, it went beyond what I was expecting. Keep it up man!!!
Brilliant! 🤯👍😎
No AIRBNB properties… I’m dissapointed.
Ramsey is a good, arguably great introductory resource.
Anything more than debt mgmt (not even mgmt but elimination) – he is a lousy source of information. 🙀
So he’s a good resource for 95% of the American population.
No fing way you are hip to enphase… I always thought you were good… now I KNOW your are good
This was really cool to see, but one thing I found kind of funny was the constant mention that your net wealth came mostly from Real Estate. That’s pretty obviously false, your net wealth is overwhelmingly from Youtube, and what you really have done better then the majority of people is crack the YouTube algorithm code along with the “human” code of what people want to watch. Your a solid Real Estate investor Graham, but you are factually in the top 10k youtubers, out of 51 million youtubers. That’s the top .0001%. That’s what your actually best at.
Not good at percentages, are you? That’s 0.02%.
damn you talked to dave ramsay based
Dude would you please interview Peter Lynch?
You better be if you think you can tell Graham some information old man
Dave knows this guy gets it
it’s awesome that Dave Ramsey can have that conversation with your and still give you accolades on your ways even if you don’t do it the way he would. Much respect to both of you.
This was alot more clam from Dave than I expected! Great episode Graham!
Best video yet Graham!
Sell the properties and swap two all you can eat sushi nights with beans and rice.
Ok now I learnt that Dave is actually smart. Not just a no-debt dumb kinda guy. It’s about minimizing risk and investing aggressively in what YOU are best at doing (don’t over-diversify).
On the other hand, Grant Cardone is actually quite dumb.
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON’T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
Funny – Would I pay off those mortgages? No – why? Years ago we would borrow money to build Industrial buildings – the cheapest mortgage we could get was 8 1/2 % – 25 years with a 15 year balloon – plus we made a 9 1/4% mortgage with a 40 year term that could not be cancelled.
—-
Lastly you have depreciation and interest to write off against your income. So don’t pay off those mortgages CALL – Meet Kevin.
Well done on this one.
So I guess what he’s saying is, you’re exceptional so you don’t really need to diversify. You should just become a sniper rifle.
50k caletrava 🧐
Your most valuable video to date
I’m so glad you guys did a segment together. I’ve been watching you guys for years.
Dave Ramsey annoys me as an advisor. He’s an absolutist in a game that requires you to be agnostic. And hearing him say “dumb “ or “stupid” is the icing on the cake.
It’s an accurate description of 95 percent of the American population though.
“What I noticed about people that are worth more than 20 million dollars is that most of them find something they like, and then they do it a lot.” ~ Dave Ramsey
Love this quote!
How does one kid have all these millions
There is no reason for every person to NOT to be wealthy with Dave’s logic. Now with that said ….people will do incredible above-average things using the systems that work for them BUT not everyone would be able to manage. We are all different in many ways but most of us know we are right without a doubt… but fail to see when we are wrong.
Rich people know that 15% inflation and 35% taxes will consume your cash flow.
They all borrow money to avoid these expenses and increase thier rate of return.
Are you going to fo any of his suggestions in the near future?
Wait for 2024
Another year when absolutely nothing happens?
Graham, The question of whether to pay off the debt with your cash position was answered by Dave many times over the years.
The epiphany is this: Imagine you get rid of all the cash to pay off everything, the balance sheet is the same, just as Dave said. Dave also mentioned on his show on other occasions that once paid, would you borrow the same amount again immediately afterwards? Even at half the interest? Even if you felt comfortable with holding cash you would most certainly not do that; nobody would.
The moral of the story is, a good decision is true in forward and in reverse. If you wouldn’t repeat the same decision it’s probably not a good idea.
You guys are fun together!
Took me over a minute to figure that Clair de Lune is coming from this video.
There’s not really much risk In having a 2-3% mortgage make that money work whether it’s new rental properties or index funds/stocks those will give you typically 8-10% return
Glad Dave did not get pissed as the debt. I studied the history of property of the area for several year and had advice from several active landlords. We are burning down the loans on the rentals, live in our paid for house.
2i investors 🎩 legends
On the same panel .. is awesome
Billionaire before 40 right?
Would have been good to hear your response.
Wow! I actually didn’t know his entire portfolio was completely paid off! Dannngggg
A lot has changed and that’s on everything but the truth is that i don’t even care much about bullish or bearish the market is because *WTRADE INSPECTS* got me covered, I am comfortably making 3.1B T C monthly
Congratulations, you’ve outdone yourself. This video is one of the most impressive one-punch recovery moves I’ve seen in a while: the coding, the clickbait, the references from other channels/people… *WTRADE INSPECTS* on the internet just knows an opportunity to recover lost money when he sees one.
Honestly I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps,narrowly avoiding a long-term bear market. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 12 btc from day tradng with Bradley James Holly insights and charts. He been one step ahead of other analysis..
*WTRADE INSPECTS* is good and guaranteed, working with *WTRADE INSPECTS* is all about win win win and truthfully day trading has so much advantages as it beats the market fluctuation
*WTRADE INSPECTS* has been helping alot of people recover their losses from the crash with ease, he’s all we need right now.
*WTRADE INSPECTS* is Awesome! I traded 12.6 btc with them of which I earn about 72 btc at the end of the trade . I still trade since march and *WTRADE INSPECTS* never disappoints me. Best traders ever
600 million in real estate. I’m doing something wrong
Intro…lol
Never have I felt more poor, thanks 🤣
Very interesting. Awesome video please keep doing these trying to learn as much as possible
So Dave will be a billionaire during our lifetime. A debt-free billionaire. Thats amazing!
He’s probably only three years away from being a billionaire.
secret is timing
This dude made few million dollars from real estate, but lot more than a few million by talking about it on YouTube. Good for him
million dollar properties! wow so relatable
Can you update us on the lawsuit? Didn’t he sue you or serve you a cease and desist? And do you still have the kitten you named after him?
That lawsuit sounds like pure fiction.
Really enjoyed Dave’s attitude on this video. He rarely shows the humility amd wisdom that he showed in this clip. He is wise almost always, yes – but the combo of humility with wisdom here was strikingly different than his usually persona. I like the Dave that is talking to Deca-millionaires. 😉
GREED
Great vid – outside perspective!
Great view from to sides of the spectrum. Enjoy watching Graham and Dave.
This is the guy who said don’t buy bitcoin…. Don’t listen to him
Best advice he ever gave. Not touching that rubbish.
dave ramsey does not like gold or silver. this alone shows you the talent and intellect (not)
Yes, much higher than those who do.
Ramsey is a joke who lives outside of reality.
So impressive!!!
There are good cash alternatives paying more FYI. This is not an advice.
When did cars become investments 🤔
Sir Thanks for guiding all the times .Curious if anyone here has tried copy trading.
What was your experience?
@Diana I. Reed Thank you so much I really
appreciate. If you don’t mind, how can I get in
touch with your consultant
I successfully trade in ›my own portfolio, and
also follow› others because I’m interested in
their strategies. I realized I’ve got better at
managing the trader’s strategies too. There’s
nothing wrong at all with having someone far
more dedicated manage ‹ some of your portfolio.
@Shariq. You can communicate with him on telegam with this user name below.
@InvestwithRayoardo
@Diana I. Reed I’m delighted to engage in
this opportunity, will text him shortly and give
him a try.
At least he didn’t yell at you. But you sure are an exceptional guy at finances 😂👍
hah thanks!
I agree, removing risks is ideal – even though mathematics make more sense holding. It just frees up brain power for other things.
As a listener of DR, and a subscriber of your channel Graham; I put off watching this one because I expected something much more egotistical and combative. What I got instead was a thoughtful, calm, and fascinating conversation between two differing financial minds. This is one of your best videos in years – I’d love to see more of this!
That Ransey building I drive past all the time on I65 S! I wish you would have given a talk or something like it while you were in Franklin TN. I would have loved to have come out for a workshop. And there’s tons of hotels near Ramsey (or Nashville) that you could rent.
Glad it went well for you! Thank you for being willing to share so much with us! 💗
I vaguely remember meeting Ramsey once 21 years ago in Murfreesboro when I was going to one of his classes on Financial Peace. Someone else taught it, but he came thru at some point to have discussions with us or just check in. I had never thought he’d become so famous!
📩📩👆👆.
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I’m still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
Yes, strategies like short-selling, going long on defensive stocks are quite rewarding but also risky to the average-individual, the people who successfully pull this is are market pro and hedge manager..
I agree, reason I have all my invt-decisions ran through a coach on a daily-basis, it’s been 3years and counting and I’ve grown over $2million in gains, my coach’s-analysis so far has steered me off losses and troubled waters and guided me make the most off major-breakthroughs in the mrkt, and esp. in this downtrend, her safe haven asset- trading, short-selling, ETF shorting skill-set are very essential.
I’ve been thinking of going that route, been holding a bunch of stocks that keeps tanking and I don’t know if to keep holding or just dump them, think you coach could aid me with portfolio-restructuring?
@Evita smith Having a coach is key in a volatile market, My advisor is “Patrice Carol Rainer” You can easily look her up, she has years of financial market experience..