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=yKa3mjNUDw4
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Dave Ramsey is right about Real Estate Investing. You have to remove your emotions and make the best investment decision.
Full Reaction: https://youtu.be/0v092764Y6w
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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=dQzHwxt39Eg
Fidelity released their 401k balances for 2022. It's not looking like people are ready for retirement. AJ goes over the numbers and what you should do to get ready for retirement and financial independence.
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SHOUTOUTS AND RESOURCES:
1. How to get setup for retirement - https://wealthyidiots.com/articles/2022-07-31/cheer-up-retirement-is-possible-and-it-can-be-great/
2. 401k Data for Americans - https://wealthyidiots.com/articles/2022-06-09/americans-401k-balances-will-make-you-sad/
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https://www.youtube.com/watch?v=_W0TTuPsZkg
Millionaire Renee is crying because Dave Ramsey and crew put the fear of debt in her for no reason. Her new relationship is now struggling because of Dave Ramsey's one size fits all advice. AJ explains why she has nothing to fear and provides better advice than simply saying "Get out of debt at all costs."
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https://www.youtube.com/watch?v=ZllLTqywl6E
If you've been researching personal finance on Youtube, you've most likely seen a Whole Life Insurance sales person assuring you that Infinite Banking is most definitely NOT a scam and also...make sure to buy their product. Dave Ramsey went out of his way to make sure his audience knew NOT to buy Whole Life and that Infinite Banking is just a buzz word used to separate you from your money.
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00:00 Introduction
01:18 What does Dave Ramsey think about infinite banking?
02:43 People who push Infinite Banking are almost always Whole Life Sales People
04:34 Do rich people have whole life, like the sales people claim?
05:40 How does infinite banking actually work?
12:42 2 Big questions come up when looking at how infinite banking works
16:03 Why wouldn't I just leverage my own investments and cut out the middle man?
19:22 Conclusion
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https://www.youtube.com/watch?v=Dber-0bF2cc
Dave Ramsey's Baby Steps have been designed to help people "get by." But what if there are more powerful baby steps that can help you get rich? AJ rewrites Dave Ramsey's baby steps to show you how to long term wealth safely and successfully so that you can enjoy your future!
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Original Video - https://www.youtube.com/watch?v=LjhcB92R7M0 - @Dave Ramsey
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00:00 Introduction
00:41 Explaining why I want to breakdown the Ramsey's Baby Steps
01:17 Breaking Down Dave Ramsey's Baby Steps
06:25 You can strive to be better than OK
08:07 1. Understanding Networth
09:44 2. Find a balanced lifestyle
11:36 3. Build an emergency fund
13:43 4. Invest in retirement (401k) (Roth IRA)
15:12 5. Pay off debt with an interest of 5% and above
16:37 6. Save for college if you feel this is necessary
18:07 7. Invest the difference saved from paid off debt
19:06 8. Invest even more!
22:08 Conclusion
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https://www.youtube.com/watch?v=ZxRkPi-HA58
There are a number of steps needed to ensure you're ready to make offers on a home or real estate, but none more important than getting a pre-approval letter from a lender. AJ explains how this process works and updates us on his pre-approval letter for his next property!
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https://www.youtube.com/watch?v=pImrYk_corU
Getting into real estate can be intimidating and scary. AJ tells his story about how he decided to get into real estate, why he decided to make it a vacation rental (AirBnB,VRBO) and what he did to make it successful.
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https://www.youtube.com/watch?v=KXa9qGpmfzw
In this interview, we discuss DC's investment success over the past decade and how he's converting his simple job income into a multi-decade wealth building plan. DC is an accomplished investor, finance writer and founder at The Wealthy Idiots
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https://www.youtube.com/watch?v=ZpjrAbnXm40
Most of us won't ever become rich quickly. However, there are tricks to becoming rich that work for everyone! At some point, if you want to become rich, you will have to know everything in this video. AJ breaks down the 4 things you HAVE to know to become rich and how to best apply these tricks to your life.
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00:00 Introduction
01:15 Identifying our Motivation
01:35 Motivation: Peace of mind/Financial Security
02:04 Motivation: Financial Freedom and Financial Independence
02:27 Motivation: Giving/Charity/Helping Others
02:52 Motivation: Retirement
03:21 Motivation: Comfort
03:47 Motivation: Buying cool stuff
05:30 Believe It's Possible to Become Wealthy
05:47 Believe: 80% of millionaires are self made
06:43 Believe: Wealth Takes Time
07:21 Believe: 401ks Work Really Well!
07:57 Believe: Understanding Compound Interest
10:30 Spend Less Than You Make
10:44 Spend Less: Analyze your money
11:01 Spend Less: Cut Back Spending
11:17 Spend Less: Emergency Fund
11:42 Spend Less: Avoid Consumer Debt
11:52 Invest The Difference
12:58 The World is Going Crazy
14:18 Conclusion
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https://www.youtube.com/watch?v=ZTzk9LMHlC8