What Should I Do With My Extra $7,000,000?

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[boblobster]

This is really helpful, I'm struggling in the same way. I have $13 in cash and I don't know if I should invest in real estate or not?

[jw]

I found $1.76 underneath my car seat. Wonder what I can do with my new financial

[Donnafrank-ke]

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.

[lucasballinger]

Drug store... I mean pharmacy... oh and we have 6.5 million in cash... yeah he’s a drug dealer🤣

[windingpath]

Another person having similar problem is a high school chemistry teacher from new mexico.

[carscoffeeandmischief]

Caller: I own a drug distribution center
Dave: what’s your name?
Caller: Pablo Escobar
🤣🤣😂😂🤣🤣

[mkite]

So glad he called in. I have the SAME problem! :-)

[full-metal_jacob]

Pharmacist - "We had some good years..."

Me - "What year did Oxycontin come out?"

[davem]

If i had 7 million in the bank i would not being calling a talk radio show for advice. We are not getting the whole story.

[vanmasterflash]

OMG i'm in big trouble. I have $10, 000, 000 and no kids to pass it to, what do I do? My life is ruined!

[araineacutebrownnurse]

32 years old married, debt free and a multi millionaire. Some ppl have perfect lives 😩

[JLLJR]

Humble brag or not. You guys should be taking notes and attempting to understand how rather than complain about first world problems. Don’t you want to have this problem someday too? Complaining is why you’re broke!

[MrGravity]

It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!

[critterdude]

Kudos to this guy. He obviously knows what he is doing with his retail stores.

That being said, I truly believe people overthink things. I'm convinced people like to overcomplicate their lives for the sake of sounding sophisticated. Personally, I'd throw most or all of it in to an S&P 500 index and never think about it again. Use the dividends as passive income and never touch the principal. He already has commercial real estate from his existing stores and he already owns his own business. Presumably, he owns his house and cars as well. With that mix of assets alone he is already well diversified.

I know, I know... index investing is so boring. It's not sexy and it doesn't make you sound sophisticated. But it works... and it's simple.... and the longterm track record relative to the risk exposure is second to none. There is 0 hassle factor. You don't get to brag about how intelligent you are. But you do get to enjoy, on average, a double every 7 to 10 years. That's true financial peace, prosperity, and longevity.

[juliareadscottishpiperandh]

This is great advice from Dave. I learnt for myself that the ROI on my own business is much greater than real estate or investing. It's nice to hear Dave confirm it. Even though the numbers are bigger for this caller than they've ever been for me, it's great to hear how Dave would tackle managing that sort of money.

[mlovespring]

Be exstreamly generous! Give and Give! 🙏🙏🙏

[dimitrimassagetherapy]

This reminds me of the time I bought 2 cheeseburgers and kept one for later that day but was hesitant about eating it

[mikekossman]

Help a stranger out, Nice to meet ya! Change someone’s life forever! Good for you!

[georgegonzalezsidselrud]

No commercial if one tenant leaves 1/2 your income is gone.
residential 30+ or so units if a couple tenants leave no big deal.

[kojack]

-Calls in to showoff
-brags about $7mill

Weird flex, but okay