Dave, Should I Listen To My Financial Advisor or You?

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[abircocci]

Hi everyone, I'm a business owner. I've been looking for some guidance on how to invest my money wisely and plan for my retirement.

[David-woun]

Have an ELP that gave me the same advice regarding my mortgage.

[markhindman]

Love these videos!!! Sound engineer will you PLEASE turn Dave's microphones gain His soft voice is painfully low compared to his co-hosts.

[OceanMomma]

If you don't have cavities the dentist will not find cavities

[Hoof]

George,

You need to find a new dentist.

- A dentist that doesn't find cavities unless they are truly there...

[danieljohnson]

I stopped eating at sit-down restaurants because of Dave Ramsey. It occurred to me that from the time I place my order until the time I receive the check, I'm in debt. I'm also now paying my utility bills each month so that my monthly statement reflects a credit.

[johndone]

Put 500 in roth every month and pay the student loan with spare money, student loan she can die with it worst case scenario

[scottwilliamson]

If she paid off her debt as fast as she talks, she'd already he doing a debt free scream

[PescadoDelDiablo]

Sounds like she’s oversimplifying sound advice from her planner. He probably told her to max out her Roth at $6500 then take the rest of the discretionary money to pay down the student loan over two years. If she’s 60, she only has 13 years left to grow that money tax deferred until RMDs kick in.

[christopherpaige]

He's trying to get her retirement together because OLD and waited late in the game to start. Dave hit on it but turned left like always.

[bocajet]

His advice is so garbage. If she’s in her 60’s with 15k on a student loan.. imagine what’s sitting in her investment account. Probably diddly squat. The FA is telling her she’s screwed for retirement, and she needs to prioritize saving for retirement. Ramsey’s sage advice: fire the guy. What a clown.

[AT-cyuh]

Roth IRA investment is capped at $6500 per year… so you can do both. Lol. Some people man. Smh 🫣

[aaronmurphy]

The caller - Hey Dave I was doing what you said - then I talked to someone that suggested I do something else — do you think I should do what you said or what they said ?

Dave- yeah I’m gonna say do what I said .

The caller - ok Dave that clears things up I appreciate it

[shamuu]

Lol the arrogance of Dave saying the FA is blanket wrong is astounding. Dave makes money off of telling people to pay off debt. What do you think he’s gonna tell you?

[CliffWarrensmith]

All signs suggest that 2023 will be a year of severe economic pain. I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

[inertiaforce]

I just saw a video where Warren Buffett himself said he doesn't leverage Berkshire because he has seen too many intelligent people get burned by leverage. If Warren Buffett is saying stay out of debt, that means you stay out of debt.

[Takar]

Just for the record...I've talked to some smartvestor pros (if you sign up on the Ramsey website, you'll get a lot of calls). They absolutely are not 100% aligned with Dave. I've talked about the paying off a home idea and they were basically like, one way you could go, but you could make more money in the market...it's up to you, but I wouldn't do it." Something to that effect.

[veganinvesting]

The cavity analogy isn’t a very good one. If you have cavities, you should definitely get those filled.

[davidsensing]

My financial advisor is the first company Dave ever endorsed...about 20 years ago. My advisor has me on Dave's plan and I feel as though I will be ready to live an amazing retirement in 20 years and pass on generational wealth...as well as the future generations seeing what I did and how they can do it.

I did ask my Ramsey approved advisor if I should stop paying extra on my house and invest more of it with them. I was told NO! Keep on making that extra principal payment each month and just doing the max Roth IRA with them...even though history says they can make me more than my home interest rate. I respected that advice. I have no doubt they have my best interest at heart.

[tridoc]

As a dentist, I didn’t really appreciate the analogy. In my office I tell plenty of patients that they are perfectly healthy and don’t need any work. I’ve had patients ask me to do work I didn’t believe they needed and talked them out of it.