What Should I Do with My $38,000 in Savings??

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[CadeCowell-ftfe]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[blllywilder]

Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!

[jacksonandevan]

24 years old, no debt. 45k sitting around and I don’t know what to do with it!

[skunkycatog]

Man this dude really got a good girl on his hands. I could only be so lucky to meet someone with a fifth of her wits 😂😂😂😂😂.

[jpdst]

No debt but $4000 in monthly expenses. What is she spending that much money on???

[derrick]

38k saving while makings 60k and spending 48k on bills. How long was she saving 😥

[Millz]

I dont get Dave sometimes. He told the caller yesterday that he needs to get married this Saturday. (His wedding is on Dec 31st). This girl is in the same situation and he just laid out her entire life for her. He seems very bias at times.

[jacobmoreno]

Better than I deserve, what's up!?

[jayking]

I’m 23 and have $15K in savings should’ve been $22k but made some bad spendings!

[RichardWalls]

🙌🙌 INDEX FUNDS through Roth IRA. Once maxed out, throw into an index fund in a standard investment account. Done. 😎

[thepotter]

Retired, receiving about 101k in dividends. I have been in the market about 20 years. Am I worried? Of course. Am I selling? Absolutely not. I have purchased stock a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding a little at a time. I am not going to panic. Your videos actually calm me down. It is difficult not to make emotional decisions in times like these. Eye on the prize, stay the course!

[jerrywalker]

there is nothing bad with saving money, but if your saving without any investment to fall back on you are definitely gonna file for bankruptcy with time. I make a minimum of $5, 000 to 7k weekly from my crypto investments.

[jeanlenor]

OMG! It's very sad when people only have just a few opportunities or don't know or care to look for them.
3 years ago, I only had 10k in savings. I had a 17k student loan hanging over my head that was in default. I had a low paying uber job and didn't want to do that for the rest of my life.
Instead of settling my student loan, I bought 2 cheap duplexes out of state with seller financing. They were occupied. To make a long story short, fast forward to today: I turned that 10k into 450k in assets. I own 5 rental houses and one 8 unit apartment building which I am currently renovating. It will be completed by the next 2 months. Once that's done and rented, I will be out of the rat race. I will never have to work for anyone else again. I have no debt on my properties.
I see what 38k can do in 5 years when it falls in good hands.

[corneliovega]

Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

[mauricedarren]

The wise stay financially stable by spending less and investing more while the unwise remains poor by spending more and yet not investing like the wise ones do.

[jojohns]

1. He pays ALL of his 15k debt BEFORE you get married. 2. He contributes half towards the mortgage if he moves in, or you rent out (or sell) your old house and buy a new house together with 50/50 contribution. 3. All proceeds from sale of your home go towards your investments. Everything you have up to this point is PROTECTED BY PRENUP. Do anything else, and you're a fool.

[blackjag]

I’d save 25, 000 and invest the rest. You just don’t know🤷‍♀️ with the job market . She’s doing great so far though!!!

[PassportBrosBusinessClass]

If you have DEBT then your NET SAVINGS is your TOTAL SAVINGS -minus- YOUR DEBT.

[CloseTheDoorItsSnowingOutside]

Dave gives good advice for people who are bad with money and trying to get out of debt, but in the most respectful way possible, he doesn't know a thing about investing, growing wealth, hedging inflation, etc etc etc, if your decent with money his advice is just common sense stuff you should know already

[lography]

Index funds are the type of mutual fund in which you should invest according to Morning Star and many other financial authorities. The Millionaire Teacher describes the type of rhetoric that is typically used by people promoting them, saying you're leaving money on the table, or that those mutual funds will outperform the market. The reason why Dave suggests ones that are 10 years old is because those haven't yet folded yet. Past performance is not an indicator of future performance with actively managed mutual funds, and they usually tax-inefficient comparatively. Plus, Dave gets a commission from the "Smart"Vestor Pros. Of course, Dave has money and I just have an opinion, so apparently, I can't say anything about it.