In this episode, DC Covers the basics of investing. Who has time to watch hours of YouTube videos or read 300 page books? In just 10 minutes, you can have the very basics of investing and hopefully gain the confidence to take your first step.
Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
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Someone writes into the Dave Ramsey show to ask about how to deal with a family member pushing them into credit cards. Is Dave right about credit cards? And does he give a good response to the writer?
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
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https://www.youtube.com/watch?v=V_Dfth8GudY
An experienced investor calls Dave Ramsey to find out whether or not to invest or pay his Mortgage. Dave doesn't really answer his question but instead quotes cherry picked data to suggest the caller mis his opportunity at great wealth. AJ reacts and explains how this caller become wealthy and retire comfortably.
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SHOUTOUTS AND RESOURCES:
1.Original Video - https://www.youtube.com/watch?v=yrCP3IEKVLE
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https://www.youtube.com/watch?v=4Bdyeva1kBA
Are you really a millionaire if your net worth is tied up in your primary residence? AJ asked recently, what would Dave Ramseys millionaire study look like if you removed peoples primary residence. This is an important question because it might determine whether or not you are capable of retiring!
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https://www.youtube.com/watch?v=VOcAP7rEZPE
AJ explains how the truly wealthy use tricks to motivate themselves to build wealth. Teching yourself to do this trick is one of the first steps to becoming wealthy.
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https://www.youtube.com/watch?v=ed-E87f7G2A
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Check out the full episode: https://www.youtube.com/watch?v=ClRe_EFpTAk
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
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https://www.youtube.com/watch?v=OZ7jSIQcnn8
Wealth is as much psychology as it is math. We can build spread sheets and calculators until we are blue in the face, but they mean nothing if aren't doing the things necessary to make those calculations work.
In this episode of The Wealthy Idiot Show, AJ explains his top 8 principles that helped him start to get his wealth journey on the right track.
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
Social Media:
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The Wealthy Idiots Website:
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SHOUTOUTS AND RESOURCES:
1. Grant Cardone - https://www.youtube.com/user/GrantCardone
2. Meet Kevin - https://www.youtube.com/user/KevinPaffrath
3. Graham Stephen - https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ
4. Dave Ramsey - https://www.youtube.com/user/DaveRamseyShow
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Show Notes:
1. Spend your money - Grant Cardone
2. If you chase money, you'll never have enough. If you chase wealth, you will always have money - Meet Kevin
3. If you have free time, there is more you could be doing - Graham Stephen
4. A successful person is humble enough to ask questions - Grant Cardone
5. Investing is a basic necessity - Dave Ramsey
6. “Luck Is What Happens When Preparation Meets Opportunity" - Roman philosopher Seneca
7. "Perfection is the enemy of progress" - Winston Churchill
8. The Jones's are not the base level of a proper middle class lifestyle - AJ and every personal finance guru ever
Note: Most of these concepts are not quotes. They were concepts learned by listening to the people attributed to the ideas.
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https://www.youtube.com/watch?v=P2Xl9sd2TVA
Dave Ramsey is certain that houses prices will continue to rise. He uses really simple data to deduce this result. AJ breaks down why his data isn't relevant and what we do know about what's happening in the housing market. SPOILER ALERT: It's just as simple as saying "People need houses."
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
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https://www.youtube.com/watch?v=zMUkiVWiC7Y
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Debunking Cringy TikTok Financial Math. TikTok has some pretty cringy financial advice, but this terrible math may take the cake. These TikTokers, often people trying to sell terrible financial products, use this terrible math to explain how the markets aren't as good as investors and Wall Street may claim.
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
...
https://www.youtube.com/watch?v=WZJOGsDueQA
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Subscribe for a chance to win $500!!!!
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj
Disclaimer: Nothing in these videos is intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
...
https://www.youtube.com/watch?v=FnYroFICxWo