A 22 yo with $10k is indicative of “good with money” just in case you were wondering
@vandrewsan
16 күн бұрын
For sure
@jaysleeper264
16 күн бұрын
I'm glad Rachel was there to bring her back up 🤣. Two things can be true. No, 10k isn't the kind of money Dave was referring to. But 10k at 22 IS good and her bringing it up means she's probably proud of it. We can leap that if she's proud of it, she probably worked to get there.
@wheel-man5319
16 күн бұрын
At least reasonably responsible.
@stog9821
16 күн бұрын
I thought the same.
@sid6554
16 күн бұрын
100%. Dave isn't too bright. $10k is far higher than the median savings for a 22 year old.
@StalinGrabovsky
11 сағат бұрын
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in
@ErikaBailey-x8g
11 сағат бұрын
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@NikitaMcLauren
11 сағат бұрын
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@SlavoPetrovic
11 сағат бұрын
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
@NikitaMcLauren
11 сағат бұрын
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
@ErikaBailey-x8g
11 сағат бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@PremSteve-yg4de
12 күн бұрын
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
@MarcyLoccy
12 күн бұрын
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@Tanner-c2m
12 күн бұрын
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
@antoniaribeiro8073
12 күн бұрын
Could you possibly recommend a CFA you've consulted with?
@Tanner-c2m
12 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@KatyaSantos-g4c
12 күн бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@B_More30
20 күн бұрын
Dave: "You didnt have any money" - she's 22 man...dont say it like a jerk, Dave
@greggpurviance7252
20 күн бұрын
It is true. 10,000 is good, but it isn't anything like 1.5 million. A whole diffrent ballpark & she has no experience with wealth like Grandpa
@TheyRiseBand
20 күн бұрын
Dave is worth $200 million. To him, $10k is nothing -- a nice night out, maybe.
@greggpurviance7252
20 күн бұрын
@@TheyRiseBand He is likely worth more than that. But 10,000 is nothing compared to 1.5 million
@amireallythatgrumpy6508
20 күн бұрын
@@TheyRiseBand He's worth four times that.
@Adam0l
10 күн бұрын
They were both just coming from different lenses. Dave wanted to know how much money she has, if she has a scope/comprehension of how much 1.5m is and 10k is nothing. The girl was saying she's done pretty good w money, in the context of a normal non-millionaire person. They're both right, but seeing her lens, and validating her handling of money was definitely the most appropriate response there 😂
@rachelr9352
18 күн бұрын
I absolutely love when Dave and Rachel do the show together. Their dynamic as father and daughter is so awesome!
@dnah02
20 күн бұрын
S&p 500 and chill.
@compendiousperspicacity
18 күн бұрын
bitcoin and chill
@Evroyal
18 күн бұрын
Exactly. Let that compound
@1MikeDoe6
18 күн бұрын
1000%
@penguin12902
17 күн бұрын
@@compendiousperspicacity I bought some crypto back in 2021 and it hasn't done jack since then. It drops in half, then mostly recovers, then drops in half, then recovers to barely above what I purchased for. Buying crypto in one lump sum is terrible advice. My investments have made enough that I thought about selling...but it turns out the gas fees to move it out of my wallet would basically negate my gains.
@Harmxn
17 күн бұрын
@@compendiousperspicacity Yes 100%. Just put it all in Bitcoin and lose all of it. Start from 0 again so the grind is better 🙏🏽 (sarcasm btw)
@ericwilde4583
10 күн бұрын
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to retire so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.
@JosephineGaule
10 күн бұрын
Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside, Financial-market for me seem the only way forward with my long time horizon (accrued almost $1.4m in gains since 2020 thanks to my FA Dianne Sarah Olson) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive
@stanleyfujiwara1394
10 күн бұрын
Very informative, one option I suppose is, if you were to invest a set amount buy the whole share in a ETF and the remainder could go into a index for which would allow you to purchase the fractional shares, is that an option?
@ParishBlein
10 күн бұрын
well a million in profit is a nice milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot on please share more info !!
@jacobsteven33
9 күн бұрын
Bitcoin.
@rlkinnard
9 күн бұрын
just invest it in the stock market after getting rid of all debt.
@KParks
20 күн бұрын
This money is gonna disappear extremely fast!
@zvmZvm0102
20 күн бұрын
girl is gonna find a tyrone to have fun with and blow it all...when she's a single mother she'll wish she had it back!
@thisis.michelletorres444
20 күн бұрын
He gave her very sound advice. Also, kudos to her for getting advice from the RIGHT people. That money can set her up for life if she's smart with it or it will be squandered in a bad marriage. I wish her the best!
@gmarie3053
15 күн бұрын
I wish her the best but at 22 and been together for 5 years, there’s zero chance she’s leaving
@gildardomagallon
15 күн бұрын
@@gmarie3053sadly I in that’s true and I think he wanted to get married when he found out about the cash. He didn’t wanna get married for 5 whole years prior to.
@darylfoster7944
15 күн бұрын
Most lottery winnings are squandered
@nvus2758
20 күн бұрын
"Money does not cause people to have problems. It magnifies the problems..."
@AshleyKeith-vw7ws
20 күн бұрын
My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns
@ChloeCarter-kd7gz
20 күн бұрын
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
@OliverLiam-px3vx
20 күн бұрын
Don’t come to KZitem looking for KZitem advise, instead contact a fiduciary for proper guidance.
@JessicaKeith-uj1jq
20 күн бұрын
Same, I just use KZitem for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
@AshleyKeith-vw7ws
20 күн бұрын
How do I reach out to a financial advisor? my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
@JessicaKeith-uj1jq
20 күн бұрын
Desiree Ruth Hoffman is her name, browse about-her, you’d find details if you wish to reach out her. over half of the year 850k was way little of what I got it’s was a pretty awesome year for me
@PhilipMarcYT
20 күн бұрын
If you can't trust him then don't marry him, it's that simple.
@kirapoodle
20 күн бұрын
Money changes people
@dnah02
20 күн бұрын
That's what he tells the men
@untouchable360x
20 күн бұрын
I don't trust anyone. I don't even trust myself sometimes.
@zedshockblade7157
20 күн бұрын
People change, the person you marry today may be different in 5, 10, or more years.
@JustinCase780
20 күн бұрын
@@zedshockblade7157Exactly! He could be a chic in no time and you just never know. Gotta roll with it.
@lindakincaid4530
20 күн бұрын
Nope not this guy sweety. you deserve more. and when you do date no one needs to know you have money. Invest it all.
@lancep.1251
20 күн бұрын
That’s not a lot of money if you start burning through it. Just put it all in an S&P index fund and leave it alone for 20 years. In the meantime, keep working like it isn’t even there. Thank me later.
@imveryhungry112
20 күн бұрын
No way she's going to do that. She's going to marry this guy and they'll blow all that money within 3 years.
@FileForename
20 күн бұрын
I would put in world fund. USA is way have too much debt. It is better to have exposure for whole world instead. Less performance,but safer imo.
@FileForename
20 күн бұрын
@@imveryhungry112 hope no, but she is young and naive.
@GMAMEC
20 күн бұрын
@@FileForenameI agree, investing can be very risky.
@FileForename
20 күн бұрын
@@GMAMEC I know. I was 40% down in 2022.
@9liveslisa
20 күн бұрын
Don't get married (yet) Spend more time figuring out adulthood. Invest the money well and forget about it. You'll have a nice retirement when you get there.
@FileForename
20 күн бұрын
I wanna merry her :) I am am 46 yo,but I am whooping £300k networth XD. But apparently money don't make people happy,so it doesn't matter XD
@oneperson5760
20 күн бұрын
Get married, if you know he's the one. I married at 20. 30 years later, it's the best decision I made. Since we both married young, we didn't get trauma from failed relationships and baggage with a bunch of different people. But definitely invest the money somewhere safe and forget about it.
@Gunitro
19 күн бұрын
Women have a shelf life 😅
@9liveslisa
19 күн бұрын
@@Gunitro Hate to tell you this, but so do men.
@Calibrownsfan
16 күн бұрын
@@oneperson5760 you never actually know someone is "the one" thats why over half of marriages end in divorce
@Outrageousconduct
20 күн бұрын
If he's not working hard now ,he's never gonna agree to a pre nup don't think she's getting married
@siva47931
20 күн бұрын
That's a win for her and a loss for him
@profitmix441
20 күн бұрын
Who work hard anymore?
@jimmymcgill6778
20 күн бұрын
She never said he is not working hard. She said he just started it up.
@Outrageousconduct
20 күн бұрын
Go back and listen again
@zvmZvm0102
20 күн бұрын
@@siva47931 I don't know I know a lot of single women in their 30s who want to die because they had "fun" in their 20s.
@CC-ru8pi
20 күн бұрын
She needs to spend a bit of that money to talk to a lawyer and an accountant, and she needs a prenup given the large discrepancy in financial position between her and her fiance. She also needs to seriously consider whether her fiance is going to exploit her financial windfall at her expense. She clearly lacks the life experience needed to make good decisions with the money.
@NorwoodGuernsey
20 күн бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@AnstettSkelly
20 күн бұрын
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@ChristofferGilbert
20 күн бұрын
Vote Trump 🎉
@FegaroScheu
20 күн бұрын
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
@TaylorGaston-z9n
20 күн бұрын
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
@AnstettSkelly
20 күн бұрын
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
@michaelb1429
20 күн бұрын
Prenup is great until you buy things, anything you buy together gets split( cars, houses, etc)
@dudewhathappenedtomycountr9099
20 күн бұрын
Exactly. He'll talk her into buying stuff for the two of them.
@Bu-22
20 күн бұрын
I’m no lawyer but I’m pretty sure you can put stipulations in prenups.
@dudewhathappenedtomycountr9099
19 күн бұрын
@@Bu-22 I'm talking consumables. You can easily blow $100K a year on trips. There's mo way to get the money back and stick it to the other party once the money is spent. And there's no way to account for every eventuality beforehand.
@Bu-22
13 күн бұрын
@@dudewhathappenedtomycountr9099 Yeah, that’s true, I was meaning to comment on the other guy, cause he said cars, houses, etc will be split.
@Mary-Flint
20 күн бұрын
I am 22 years old, lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in college and then invest in rental properties afterwards, or should I go for real estate investing first?
@J.woltz48
20 күн бұрын
I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra
@LaurelCandice
20 күн бұрын
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve my early retirement goal.
@dianaP14
20 күн бұрын
@@LaurelCandice I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
@LaurelCandice
20 күн бұрын
Karen Lynne Chess is my FA. Just google the name and you’d find necessary deets to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
@katieiri
20 күн бұрын
excellent share, curiously inputted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
@kevynduran2659
20 күн бұрын
“I’ve got a million dollars in the bank” Dave: Start delivering pizzas
@famousamos1
20 күн бұрын
Nah Beans 🫘 and rice 🍙
@AlessiaOrtiz
15 күн бұрын
*The amazing skills of real estate are that it help keep the family, aid financial support, and can serve as a retirement tool when retired. It's passive income which rewards hard work and patience*
@henrymartino4283
15 күн бұрын
It’s the same talk everywhere but no one is saying how to get started?
@AlessiaOrtiz
15 күн бұрын
I work with a *Financial adviser;*
@AlessiaOrtiz
15 күн бұрын
*Donald Nathan Scott.*
@henrymartino4283
15 күн бұрын
How do I reach him ;
@jrey1
15 күн бұрын
@@AlessiaOrtizyou reach him by yelling out his name?
@stog9821
16 күн бұрын
This was good advice. First time I’d ever heard Ramsey. I’ll have to pay more attention. It’s hard to not tell your fiancé how much money you’ve got, but as a rule it’s best to keep it to yourself.
@TheyRiseBand
20 күн бұрын
That money will be gone in no time, marriage or not.
@dolphinbear661
18 күн бұрын
Someone truly frugal could make it last a lifetime. I would.
@H..M..
17 күн бұрын
@@dolphinbear661unfortunately, many young people with no experience handling money will fritter it away pretty quickly. Cars, houses, vacations, etc. it goes fast if you don’t know any better. And you think it is still a lot until it’s almost gone.
@bp6877
17 күн бұрын
I was thinking the same thing; on its face, it sounds like a lot, but with things getting so expensive, it's not a lot; today, "$1,000" is the new $100.
@btw-3006
16 күн бұрын
Even if you invested "only" $600K of that $1.5 million inheritance at age 22 and it gained an average annual return of 10% per year for 28 years, you would end up with about $8.65 million, which would be about $3.78 million in today's dollars (assuming 3% annual inflation for 28 years) and with a 4% withdrawal rate, that would be about $151K annual spending in today's dollars. This is also assuming you don't invest any additional money.
@TorqueKMA
20 күн бұрын
I like how rachel stayed real quiet for the inheritance conversation
@anonymousunionsoldier
20 күн бұрын
Hahaha good one
@Art-is-craft
20 күн бұрын
She will be very well looked after. Dave is 63 and may have 25 years of life ahead of him. By the time it is her turn she will have already have her own portfolio.
@MrMustangrick
19 күн бұрын
Nepo baby.
@JoeRNNE1
20 күн бұрын
Don't get married yet. Get a financial advisor and start figuring out a way to grow and protect your wealth.
@Sheryl777
20 күн бұрын
@JoeRNNE1 👍
@juliekovich-recordingartist
20 күн бұрын
Yes!
@Art-is-craft
20 күн бұрын
Marriage has no connection to financial advice.
@LuaraWattel
20 күн бұрын
You spoil us Dave! I've digested a plethora of personal finance oriented channels here on KZitem over the years and the only two that I can still stomach are you and Erin. You give the very best and spot on advice and ask thought provoking and unbiased questions that help listeners like myself become better. More importantly, thank you for recommending Abby Joseph Cohen Services my investment portfolio with her has been quite sustaining
@SahlMeyers
20 күн бұрын
Dave really is something special. He has (thankfully) completely replaced my occasional purchase of "The Economist", he gives very good advice. Please think of supporting him (if you don't already, which maybe you do).
@SahlMeyers
20 күн бұрын
How can i reach this Abby Joseph Cohen, if you don't mind me asking?
@ReximaPaulys
20 күн бұрын
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
@LuaraWattel
20 күн бұрын
@@SahlMeyersWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@GarryTilman
20 күн бұрын
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
@ihaveadreamformykids4400
20 күн бұрын
Girl, this is your money before marriage. Get a prenup to protect the wealth your dad built for you and your future children.
@PhilipMarcYT
20 күн бұрын
@@ihaveadreamformykids4400 if she has to get a prenup it's not a real marriage
@savannahglembin7090
20 күн бұрын
The video focuses on trading mistakes no trader should make. You'll be empowered to bring your trading on the right track and learn which trading mistakes to avoid. Don't forget to comment below this video with your favorite advice because i believe we do learn everyday and in different places, so please lets share insights and ideas here.
@The-p4d
20 күн бұрын
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making MONEY?
@Aza-x3z
20 күн бұрын
ADDILYN MADRIS AMBROSE understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
@Ndndhdhrhh
20 күн бұрын
Wow. I'm a bit perplexed seeing Addilyn Madris Ambrose name been mentioned here also. Didn't know she has been good to so many people.
@Aggfhsysgx
20 күн бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
@Hsishwahw
20 күн бұрын
Ms Addilyn Madris Ambrose was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Addilyn Madris.
@marcusarelius
20 күн бұрын
This is so easy! You're 22 and just about to begin your career. Answer: pretend the money you just received does not exist, invest almost all of it! You could easily create a gameplan that allows you to retire by 40 years old. Invest the money, work and live like it does not exist. You will wake up one day in the not to distant future with the realization that you do not need to work and you will be old enough to deal with that responsibly. DO THAT!!!!!!
@djjazzyjeff1232
15 күн бұрын
Bingo, if it were me, I would put that money into an IRA ran by a professional invested in low risk stocks. With that kind of money you could absolutely live on the gains alone if you have a trustworthy investment advisor.
@james9872
15 күн бұрын
@@djjazzyjeff1232 I would maximize tax advantaged contributions but I would not advise locking up the entire pot in a fund you can’t access with minimal tax implications until retirement age if the goal is FIRE…
@LukaMaretic-o3n
13 күн бұрын
Some women would like to get mareied and live a happy family life.
@brianselt291
20 күн бұрын
“In like hardware stuff?? “ “And like he owned buildings and stuff?” I hate the inflection at the end of sentences…it makes me think that people aren’t sure what they are saying. I really feel for her but, her best move was calling the DR show.
@JosiahK555
20 күн бұрын
exactly, an eyerolling call... i feel for parents and grand parents that are intelligent and successful and hard working, and their kids or grand kids turn out to be airheads who don't know anything... I die a little bit inside when i see that happen.
@JustinCase780
20 күн бұрын
She should say "like" more.
@imveryhungry112
20 күн бұрын
He grandpa struggled and sacrificed so she could be like this now and vote for kamala
@tarablue4472
20 күн бұрын
True. Dave and I couldn't make out when she was getting married when she said "Nov 20". I had a hard time understanding her much of the time. She didn't sound too sure on how her relative got the money or when she's getting married.
@frankcb11
20 күн бұрын
She is young. It’s okay
@TheJonOrtiz
20 күн бұрын
Dave is so favorable to women and prenups it’s getting hilarious 😂
@profit822
20 күн бұрын
Yep, If it was a guy calling in he would never suggest prenups. He would say then you shouldn't get married. Because it's no longer your money, it's our money in a marriage.
@Chet_24
20 күн бұрын
Truth!
@KParks
20 күн бұрын
If this was a guy calling it would be this is y'all's money not yours put it in a joint bank account. But she's got 200k in student loans ok so you got 200k in student loans you need to deliver pizza she can stay home 😂
@mike-yo8qj
20 күн бұрын
@@profit822 search videos from Dave and pre-nups... he's spoken to men between 22-40 that have inherited similar and he does suggest pre-nups to them, too.
@actuallyterry
20 күн бұрын
@@mike-yo8qj Exactly. People just want to feed their own agenda.
@user-jt2fk7pd5e
20 күн бұрын
Please don’t get married.
@Talking.To.America
20 күн бұрын
It's interesting to think about how a prenup might actually help keep outside influences at bay, especially from extended family.
@ajfrederick9584
20 күн бұрын
I had 10k. "You had no money"😂😂😂
@profit822
20 күн бұрын
That was harsh 10K for 22-year-old that's pretty good. He has 40-year-olds calling in with zero savings
@hiddenprofits216
20 күн бұрын
Lmao 10k is not good money compared to 500 K cash 😂
@ajfrederick9584
20 күн бұрын
@@profit822 true but i think he meant in terms of the mentality of having 500k is a lot different than 10
@ajfrederick9584
20 күн бұрын
@@hiddenprofits216 true but 10k at 22 is decent but the mentality of having a million dollars is very different than 10k
@dnah02
20 күн бұрын
10k is a emergency fund for a 22 year old that's a decent savings amount. At 22 I had a few 100s. Lol Dave is a clown for this one.
@johnkoch1888
20 күн бұрын
$1.5 million can be squandered pretty fast. Molly and Mosquito Joe need to have individual incomes of their own. Plus, anything to be obtained from the departed grandpa's business, or sale of the home occupied by Molly's mom, may not be easy to collect. Dave should refer Molly to a good attorney. At least postpone the wedding by a year or so.
@jasonmoquin
20 күн бұрын
Delay the marriage and do NOT give him any of that money. If he starts doing the right things and making his own money then you can put that back on the table. There is NO HURRY to get married at 22!
@vjs4539
20 күн бұрын
Don't marry him, girl. Not unless you wait 5 years and he starts working hard.
@acd1168
20 күн бұрын
My thought exactly. Im like why marry him?
@Ravetar101
20 күн бұрын
if the genders were reversed you wouldn't say that
@johnwilburn
20 күн бұрын
She’s already waited five years and he’s backing off with the windfall on the horizon.
@djpuplex
20 күн бұрын
Same advice for a male caller or just the female callers? We are equal right?
@acd1168
20 күн бұрын
@@djpuplex NEWSFLASH: There is a double standard and there always will be. Get over it!
@fueledbymusic3
17 күн бұрын
A classic example of why you shouldnt love (and hoard) your money. Because when you get old and die, someone else who did not work for it is going to inherit your money
@musume7723
20 күн бұрын
Molly, do NOT legally attach yourself to this man
@rickyayy
20 күн бұрын
Run Molly!!!!!
@mitchd949
20 күн бұрын
If the marriage is already scheduled, even if he signs a pre-nup it may later be tossed because he can claim he signed under duress (i.e. had to sign to avoid embarrassment of calling off the wedding).
@diceportz7107
20 күн бұрын
"if you think there's not crazy in your family, it's you." I love Dave !
@jtcr4199
20 күн бұрын
Yeah, I don't entirely agree with him, my family doesn't have any, I think we're pretty stable.
@megalodon1726
20 күн бұрын
@@jtcr4199 he's not just talking about immediate family. He's also including aunts, uncles, grandparents and their siblings, cousins, nephews, nieces, and the spouses of all those relatives. Somewhere in that list there is crazy in every family, even if you don't know it yet. If you win $50 million in the lottery and your extended family finds out, you will see some crazy coming at you.
@rachelfrees1268
20 күн бұрын
You are in your best hormonal days. He’s always going to have the testosterone. PROTECT your assets before marriage. Your could live a long time supporting a man. Take it from one who experienced it.
@SteamEnginesUSA
17 күн бұрын
Married my highschool sweetheart. She was 14 I was 16. Married when she turned 18. Been Married 30 years in December. You grow together. Life has never been better praise and glory to God. Jesus is the key.
@Albee213
20 күн бұрын
Prenup yes. It would be possible to never have to work again with 1.5 million if you live a reasonable lifestyle. You could buy three houses and make 2k each as rental income. Matters what location you live in. But most people are going to buy expensive cars and clothes and a house that they cant afford long term and end up broke.
@fabbz94
20 күн бұрын
Or put it all in mutual funds paying like 7% then she can live off that every year.
@Albee213
20 күн бұрын
@@fabbz94 I am no financial expert. But if you drew from the interests as income they balance will not grow. If you buy properties and rent them they increase in value and you the rent goes up over time as well.
@fabbz94
20 күн бұрын
@@Albee213 if you're making like 150k a year in interest just live off 80k or less a year.
@Albee213
20 күн бұрын
@@fabbz94 150 a year sounds a little optimistic but as stated I am no financial expert and only know how to own property.
@fabbz94
20 күн бұрын
@@Albee213 at the end of the day we ain't gunna get an inheritance like that 😔 well at least I know I am not lol if rates go down enough I may get into rentals.
@anonymousunionsoldier
20 күн бұрын
She’s going to blow through it. She sounds ditzy.
@bigdaddygoon828
20 күн бұрын
They really both in the same boat she just got her money earlier and get him but eventually he's going to inherit money too from his parents who own the franchise
@megalodon1726
20 күн бұрын
But he's in 20s. He'll probably have to wait another 30+ years to inherit it.
@sewerrat7612
20 күн бұрын
Depends on the family some let kids get a portion to run know people under 30 who could retire if they want in that exact circumstances
@bp6877
17 күн бұрын
Excellent!!!!! I listened to this a second time through: All I could think was two things: 1. The saying that, in a partnership, the one partner ends up with the other one's money; 2. How much people change between the ages of 22 and even 24; it's unrecognizable! Scary, challenging times are ahead for this young lady...I hope the inheritance gift doesn't become a curse!
@lazyshira
20 күн бұрын
Would have been best if the boyfriend had not known about the inheritance money (or the extent of it). Not that he knows, she can't be sure of his and his family's intentions. I would call the wedding off if I were her.
@aarongoldsmith3727
14 күн бұрын
I’m about to turn 22 and got 50k from my grandmother when she passed. Nothing like the amount this girl is receiving but still very thankful.
@mdm40mdm
20 күн бұрын
C’mon Dave! She was so proud of having saved $10,000 by age 22 and you tell her she “has no money.” Don’t lose sight of where you once were. Shame on you. Lost a bit of respect for you for that…
@jeffmansfield914
20 күн бұрын
Yeah, he talks about being dead broke back in the day, and I’m pretty sure it was at an older age than she is. She’s doing good things.
@m80mangg
20 күн бұрын
10k isn't even 6 months emergency savings. It's not a bad stash but it doesn't go very far
@zvmZvm0102
20 күн бұрын
1.5 million isn't a lot of money.
@santiagogomez1254
20 күн бұрын
Exactly she’s probably debt free with 10k in savings and very. Young come on she’s doing good
@santiagogomez1254
20 күн бұрын
Dave asked if she had any money she answered his question Dave never asked her if she has some kind of wealth before this inheritance
@mikeoneill7360
7 күн бұрын
Getting married at 22 years old is absolutely ridiculous..... If you think this money will help when it comes to a marriage, think again, it's a fallacy.
@mariacorretge6615
20 күн бұрын
She sounds like she's 7 year old.
@TheWalamala
15 күн бұрын
remember now 22 year olds were only born in 02 so they are still physically and mentally 7 years old
@bob007fl
3 күн бұрын
"Money does not cause people to have problems, it exposes the problems they have". wow!!
@lot2196
20 күн бұрын
She'll be penniless by 28.
@johnwilburn
20 күн бұрын
If I had to guess…. She’ll eat into the principal when socking that away for just a few years would create an incredible lifelong dividend.
@waynehoffman1791
20 күн бұрын
At the latest!
@MrMustangrick
19 күн бұрын
She needs to get smart quickly.
@nubbydigger6920
15 сағат бұрын
NOV 20TH is a Wednesday. I love those middle of the week weddings.
@jbeav3902
20 күн бұрын
My wife is going inherit a fortune in a trust. Just don't know when the fund will relinquish the money. Waiting for old money is not fun.
@iddddaduncan
20 күн бұрын
Get back to work
@genxx2724
20 күн бұрын
Don’t sit around waiting for the money. Live your life the best you can. When it comes, it will be a bonus.
@NewGuy2024
20 күн бұрын
No matter in debt or a payout -- the BIGGER the number the FASTER we click!
@tarablue4472
20 күн бұрын
Hmmm interesting analysis.
@genxx2724
20 күн бұрын
I think this money puts the girl into a different sector of society, where she has the potential to meet more successful people.
@michellewrite2educate
18 күн бұрын
Congratulations. You are blessed. Yolo do your thing.
@JustinCase780
20 күн бұрын
Ken's at Subway getting 2 meatball footlongs. One for him and one for George (hopefully).
@TheyRiseBand
20 күн бұрын
Something tells me Ken is the kind of guy that would get 2 sandwiches for himself, only.
@JustinCase780
20 күн бұрын
@@TheyRiseBandHe brought George the leftover half of the second one which was cold. George told him to F-off and Ken laughed while lipping his lips of marinara sauce and draining down his last portion of his Dr. Pepper.
@MrMustangrick
19 күн бұрын
Weirdo comment.
@webfreakz
20 күн бұрын
Caller: "I'm pretty good with money, I had 10k dollars" Dave: "Ok so you didn't have any money" 🤣
@jasonjohnson1824
20 күн бұрын
Yeah, that's baby step 3/7
@kvgolfa
20 күн бұрын
She's 22
@AprilFriday-de6vm
20 күн бұрын
For a 22 year old, 10,000 in savings is way above average. She’s only been an adult for 3-4 years. Kids in their twenties barely earn anything usually.
@lindawilson4625
20 күн бұрын
Do not marry this guy. What you are saying doesn't bode well for the future. And you are only 22. Please don't do this.
@Goodchicken_lameducks
20 күн бұрын
That's not a fair assessment. The guy is 22 years old. We are all young, dumb and inexperienced at that age. My wife and I are high school sweethearts and I know I was at 22. But you have to be patient and grow with each other. Life is ever changing and the person you are at 22 isn't who you'll be for the rest of your life. Now that being said, I don't disagree with the pre-nup advice. Any assets you have before marriage should be protected. Especially if it family inheritance. Then start a trust account with your spouse and protect your combined assets for your OWN family inheritance. Respect is a two way street you got to give it to get it.
@vickie_hearne
20 күн бұрын
So much of marriage is like running a business....good advice here...
@analyticalchick3064
20 күн бұрын
Like um, I don't know my wedding date, like um, prenup? like yah ok?
@KathleenMcNe
20 күн бұрын
She sounds like an immature flake.
@greggpurviance7252
20 күн бұрын
@@KathleenMcNeno, maybe overwhelmed. Dad passed away now grandfather. Bucket load of money. Immature yes, flake - probably not
@amireallythatgrumpy6508
20 күн бұрын
@@KathleenMcNe You mean like every American?
@KathleenMcNe
20 күн бұрын
@@amireallythatgrumpy6508 So bitter and hostile.
@amireallythatgrumpy6508
20 күн бұрын
@@KathleenMcNe Just like you Americans.
@stevenmorris4011
20 күн бұрын
Yea she said he is not trying to work red flag
@TheJonOrtiz
20 күн бұрын
And he should make her sign a prenup on the franchise for when he sells it😊
@sourcow56
19 күн бұрын
It’s not even his. It’s his parents 😅
@TheJonOrtiz
19 күн бұрын
@@sourcow56 she said he’s going to inherit it
@cutlerylover
20 күн бұрын
hey, im rich but young so can I get married and make sure if I break the guys heart and live a life where he doesnt work I can leave him in the streets with nothing? lol how about dont get married if you cant trust the person forever...
@FlyWithVeiga
21 күн бұрын
Some people have all the luck 😂
@TheRalf9999
20 күн бұрын
Disagree…much better to earn on your own 👍
@McTylerMoreTube
20 күн бұрын
Yeah. She’s so lucky her Grandad and then her Dad died.
@FlyWithVeiga
20 күн бұрын
@@TheRalf9999100% agree. Just saying it’s nice to receive an inheritance without expecting one… 👍🏾
@FlyWithVeiga
20 күн бұрын
@@McTylerMoreTubelol you took this comment and stretched it so far… just saying it’s nice to receive an inheritance without expecting it….. don’t over analyze it 👎🏾
@Chet_24
20 күн бұрын
@TheRalf9999 i disagree. It all spends the same.
@ArashHildeman
19 күн бұрын
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
@mirchimome
19 күн бұрын
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@JohnKenneth-f7w
19 күн бұрын
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
@sakuracriticacorreooficial6907
19 күн бұрын
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
@stephaniebeddis8069
19 күн бұрын
I'm new at this, please how can I reach her?
@mikesnoek
19 күн бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@LyricalTampon
20 күн бұрын
Getting married at 22 is insane.
@AprilFriday-de6vm
20 күн бұрын
I got engaged at 22 and married at 23. We’ve been happily married for 26 years. My sister married at 19 (which I thought was utterly nuts), but they have a strong marriage after 25 years. It really depends on the values of the people involved. Our brother flamed out of his marriage after four years even though he was almost 30 when he married, because he still wasn’t mature enough not to cheat/drink/run up debts. Sometimes age and maturity are different things.
@SBScott
20 күн бұрын
Married at 19. Lasted 40 years until he passed unexpectedly. We had a fabulous relationship, best friends until the end.
@chrisarrowood7430
20 күн бұрын
Married my first girlfriend at 22. Everything is still amazing after 10 years of marriage (14 total together)
@sonicmoj1
20 күн бұрын
All of you are in the minority. Married Too Young and no adulthood. No regrets I married at 36 and happily married for 12 years I would never give up my 22 to 36 adulthood singlehood bachelorhood I learned so many things before getting married.
@LyricalTampon
20 күн бұрын
@@AprilFriday-de6vm My grandfather smoked until he was 80 and died in a car crash. That doesn't mean smoking isn't bad for you. Your personal experience does not say anything about an overall data set. Getting married that young is statistically a disaster. You're like 75% more likely to get divorced if you get married under 25. These are children.
@johanw1163
6 күн бұрын
Love this advice, so much to take away from it!
@sayopro8804
20 күн бұрын
I'm glad Dave said: "$10,000 is to have no money" real motivation to be rich
@fueledbymusic3
17 күн бұрын
Him saying you didnt have any money after she said she had $10000 tucked away... THAT WAS VERY OFFENSIVE
@peaceful525
12 күн бұрын
OMG. I hope you're okay!!!
@EricAndradeMusic
20 күн бұрын
How would she feel if he was calling in saying he wanted a pre nup because he inherited $1,000,000 shortly before a wedding? These female callers are unbelievable. Just break up with him and get it over with.
@fabbz94
20 күн бұрын
Agreed! They would tell the guy "it's yalls money now" smh. She never has to work again so she should really just decide if she wants to be with this guy or not.
@EricAndradeMusic
20 күн бұрын
@@fabbz94 when men make money we share it. When women get it, they keep it for themselves. An unflattering reality women will not admit.
@beaniemac
20 күн бұрын
@@fabbz94he most certainly would say that
@fabbz94
20 күн бұрын
@@Wild_flower_415 don't tell me what to think.
@fabbz94
20 күн бұрын
@@Wild_flower_415 dont tell me what to do
@sasyaharry4046
4 күн бұрын
Love how Rachel takes on her dad😂
@dcrea9416
20 күн бұрын
Glad I met my wife when I was 26. If I had married the chick I was with at 22, I’d have been in a world full of trouble.
@KidCity1985
20 күн бұрын
Buy as many duplex as you can while keeping 50% leverage.
@davinasquirrel7672
20 күн бұрын
That he has slowed down on work motivation since the inheritance is a huge old red flag. Call off the wedding. Dave is right, a prenup won't fix him, he will become a mill stone around your neck. Him being around 22 should be the time he starts finding direction and motivation in life, not the opposite.
@stevenmorris4011
20 күн бұрын
Great advice for her Dave she should not had told him
@motorcyclemichael2182
20 күн бұрын
Also, she should get an umbrella ☂️ policy on her auto/ home insurance 👌🏻
@aolvaar8792
20 күн бұрын
All the inherited assets are to be placed into a Sealed managed Trust, to be opened at 65 yrs old. AND he can support her.
@hummerchine
17 күн бұрын
DO NOT MARRY Put every dime of your inheritance into an index fund. Pretend it isn’t there. Don’t tell anyone. Live your life, when yer older you will be wildly wealthy
@rebekah.2187
20 күн бұрын
So, what's that boy thinking? He's going to sit o his butt until the inheritance is gone and then what, move his butt off the couch and get a job?
@cyndiemcmartin6010
20 күн бұрын
I have always said that money and age make a person More of what they already are
@Momo-bb2fn
20 күн бұрын
1:17 dam Dave let his rich side show for once💀
@Ffmt-ri3ti
17 күн бұрын
lol $10,000 is a decent amount of money for a 22 yr old.
@Momo-bb2fn
17 күн бұрын
@@Ffmt-ri3ti Yeah I mean many 22 year old Americans are coming out of school with tens of thousands in debt.
@izgil7541
20 күн бұрын
It's a very good thing that she called when Dave was in because he gave her very good fatherly advice.
@Komputar
20 күн бұрын
*So $10k is no money* - learning something new everyday
@davidmilhouscarter8198
18 күн бұрын
1:45 Shameless plug…
@Tashas_Travels
20 күн бұрын
If he ain't willing to work, then yeah, he would have stopped working eventually even if this inheritance wasn't in the picture. So yeah getting married is a bad idea.
@eliwells2992
20 күн бұрын
If you propose a prenup to someone and they sign without a doubt it means that person never sees themselves getting divorced making the prenup meaningless to them. If they dont want to sign a prenup that says something about that person as an individual.
@zvmZvm0102
20 күн бұрын
if you ask for a pre-nup it means you value something more than your partner...your money.
@eliwells2992
20 күн бұрын
@@zvmZvm0102 No it just means you have common sense and dont want to give away half of it. If you know youre going to spend the rest of your life with someone you should have no problem signing because it will never go into effect.
@zvmZvm0102
20 күн бұрын
@@eliwells2992 It means you don't actually believe in marriage. Which is fine. I think we should have a civil partnership arrangement for all the future divorced people to do. We don't need people trashing marriage because selfish losers who are unlovable wreck it.
@scotland369
19 күн бұрын
Not necessarily. Being asked to sign a prenup is offensive as it implies you can't be trusted. Also if you are the one with career skills and high earning potential being asked to sign a prenup while your parter has no long term career growth they are fine taking your future earning, but don't want you to take their money. Just a shitty situation.
@joeriveracomedy
20 күн бұрын
Get a prenup right after you trust that money to a nephew. Do not let your husband touch it.
@grayandgray
20 күн бұрын
She seems clueless, but she does get the money. Sure, give the guy some grief. best for him to find someone else.
@aurasphere87
20 күн бұрын
Man i wish my parents had houses, cars, jobs.... let alone a fortune.
@truthserum5310
20 күн бұрын
1.5 million is hardly a fortune.
@Xander71267
20 күн бұрын
@@truthserum5310 yes it is
@Johanneslol11
19 күн бұрын
Money does not solve a lack of love.. my parents gave and give me lots of love. That is worth more then a lot of money
@random-nz7dy
18 күн бұрын
I love Rachel and Dave together because she can clap back in a way the others can Like dave shooting straight 1:25 " 10k yeah you don't have any money" Rachels like lol "that sounded mean dad."
@stephengamber7000
20 күн бұрын
"if you think there's no crazy it your family, that means it's YOU"
@billeo77
20 күн бұрын
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
@gan3lv
20 күн бұрын
I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?
@billeo77
20 күн бұрын
I started working with devion back in February, and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.
@AnthonyAntoinetteNwaurugu
20 күн бұрын
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment
@silver45q
20 күн бұрын
I've seen different people talking about this alice devion she must be very amazing for people to talk this good about her.
@phelps078q
20 күн бұрын
Trading is mental game, that is why most people lose money because they cannot control their emotions. Because the prevalent idea of our culture is to effortless indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriage and adultery.
@trishacuddy1857
20 күн бұрын
solid advice!!
@WindyWalk
20 күн бұрын
Whenever a wealthy man calls in, Dave tells him "What's yours is hers, by getting a prenup you are setting your marriage up to fail!" . When it's a woman he goes "I don't usually recommend this, but here's reason XYZ why you definitely should make your husband sign a prenup"
@lav7161
20 күн бұрын
Because men and women ARE different. Both genders don't react the same to certain situations. This girl sounds like she's still in high school even though she's in her 20s. That young boy is going to milk her for all she's got, he's broke!
@pierre6176
20 күн бұрын
Some dude had a 3M net worth and Dave was like nah man you shouldn’t be worried that’s not much money you’ll be okay 😂
@greggpurviance7252
20 күн бұрын
It is all context. His basic principal is money over 1 million (or perhaps disparity of a million +) a prenup is wise. He mostly gives examples of sports figures & entertainers. You can tell she's not ready & he "lacks motivation" when she came into money. That money won't last long with everyone with their hand out
@Sheryl777
20 күн бұрын
@WindyWalk Which "Dave" are you speaking of? I have heard Dave Ramsey tell men to get a prenup before, so all of you here who are saying otherwise are either unintelligent about what Dave has said in the past to men, or just plain biased in your own right. @greggpurviance7252 I have to respond to you by editing this post because for whatever reason I'm not able to respond to what you said. I agree with what you said about many being biased...we see that in the comments section a lot yeah.
@greggpurviance7252
20 күн бұрын
@@Sheryl777 many are biased, just saying.
@ehkimraven
8 күн бұрын
Rachel: you can't marry your highschool sweetheart, Suddenly my mind LeBron and Savannah
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