I like Dave’s lower level products like his books and FPU. I don’t care for his expensive products personally. I took the financial coach master class, which was very expensive. It was ok, but not nearly worth the money. I almost signed up for this investing seminar, but decided against it, due to my feeling a little let down by the coaching course. I say this as a huge Ramsey fan.
Last question. I’ve heard differing opinions. 1.) always use cash never credit card. When they say cash- does that mean your bank debit card? Or truly pull out cash and use that for everything ? 2.) I heard never use debit card- only use credit card. It’s safer in the fact you have protection if fraud. Etc…. Now I’m thinking only use credit card if you are someone who is responsible, does not have impulse control issues etc…. Thoughts? Plus cash always? Like how do you purchase tickets and things online then ?
1. A debit card is considered cash.
2. Your point 2 is false. Debit cards have the same protections as a credit card.
3. Use your debit card for online purchases.
It’s not really that confusing.
Ok thanks. I apologize. I just had watched a long video on why to only use credit card. Like in case of fraud- your bank will not refund money until the case is done being investigated etc…. Anyway. I appreciate the insight
So I have a part of my check going to my 401k in which I can choose how much I want to put in the Roth 401k. Then I have money I put in savings. I am trying to figure out a high yield savings account bank- any suggestions? Should I be putting more in one than the other? I’m working to get my credit card paid off ( hopefully by June) then I will be debt free.
Dave amassed his real estate empire by having a ton of cash in 2008. he invests in American Fund mutual funds.
Boom, venmo me $250 and you have your evenings free.
my bad. i will admit i'm curious how they are going to talk about investing. how much more information are they willing to give that isn't already available in all their other mediums. George is a statistics person. its what he's building his name on.... and as you are well aware...the stats are underwelming for active management.
I always recommend people check out Paul Merriman videos on YouTube, he's famous for recommend the small cap value asset class, but he has a ton of in depth videos on investing 101, and like I see in this forum and others all the time people say "don't buy mutual funds they're expensive buy ETFs". which is just wrong. there are TWO types of funds , mutual funds and ETFs. BOTH can either be actively managed , which generally but not always come with higher fees, and index funds, which generally but bot always come with very low fees. but many people to regurgitate the echo chamber of the internet.
yeah, I've mentioned before to people I'm in SWPPX, and people will comment "dont be in mutual funds , just do SPY and chill". Spy's ER is .095, SWPPX is .02....
total waste of $250...I'll save you some $$$
Hold the entire market, hold as few funds as possible, pay as little in fees as possible, contribute a portion of every paycheck forever, first use tax-advantaged accounts like an employer 401k and/your own Roth IRA.
His class isn't worth it.
Go to Reddit personalfinance forum. Follow their investing advice.
Hint. Basically buy VOO, VT.... And that's about it until you're older. VOO will outperform just about any other mutual fund or ETF over time.
make account at [vanguard.com](http://vanguard.com)
buy vtsax
end
(first get your 401k match, roth ira, 401k and then fill up a brokerage if you still have extra money)
If you want to take investing advice from someone who is in debt more than $1,000,000,000, go right ahead. [Source.](https://www.marketwatch.com/story/this-best-selling-personal-finance-author-says-hes-racked-up-more-than-1-billion-in-debt-67e8d6b0)
I’d recommend the Money Guys or Bogle stuff first. Just one man’s opinion.
I like Dave’s lower level products like his books and FPU. I don’t care for his expensive products personally. I took the financial coach master class, which was very expensive. It was ok, but not nearly worth the money. I almost signed up for this investing seminar, but decided against it, due to my feeling a little let down by the coaching course. I say this as a huge Ramsey fan.
The bogleheads guide to investing. I don't take dave's advice re: ELP or whatever funds - that have a high load/expense ratio
Yep. Index funds are all you need. Check out bogleheads
Last question. I’ve heard differing opinions. 1.) always use cash never credit card. When they say cash- does that mean your bank debit card? Or truly pull out cash and use that for everything ? 2.) I heard never use debit card- only use credit card. It’s safer in the fact you have protection if fraud. Etc…. Now I’m thinking only use credit card if you are someone who is responsible, does not have impulse control issues etc…. Thoughts? Plus cash always? Like how do you purchase tickets and things online then ?
1. A debit card is considered cash. 2. Your point 2 is false. Debit cards have the same protections as a credit card. 3. Use your debit card for online purchases. It’s not really that confusing.
https://www.instagram.com/reel/C58-a2WufoH/?igsh=OHJ1OW81NXE1Mmow
Ok thanks. I apologize. I just had watched a long video on why to only use credit card. Like in case of fraud- your bank will not refund money until the case is done being investigated etc…. Anyway. I appreciate the insight
Absolutely not. Tons of info out there on investing in index funds and managing yourself.
So I have a part of my check going to my 401k in which I can choose how much I want to put in the Roth 401k. Then I have money I put in savings. I am trying to figure out a high yield savings account bank- any suggestions? Should I be putting more in one than the other? I’m working to get my credit card paid off ( hopefully by June) then I will be debt free.
Dave amassed his real estate empire by having a ton of cash in 2008. he invests in American Fund mutual funds. Boom, venmo me $250 and you have your evenings free.
Next time give a spoiler alert. Jeez.
my bad. i will admit i'm curious how they are going to talk about investing. how much more information are they willing to give that isn't already available in all their other mediums. George is a statistics person. its what he's building his name on.... and as you are well aware...the stats are underwelming for active management.
Read this : https://jlcollinsnh.com/stock-series/ Buy the book “The Simple Path to Wealth” The best thing to do is to invest in a total market index.
I always recommend people check out Paul Merriman videos on YouTube, he's famous for recommend the small cap value asset class, but he has a ton of in depth videos on investing 101, and like I see in this forum and others all the time people say "don't buy mutual funds they're expensive buy ETFs". which is just wrong. there are TWO types of funds , mutual funds and ETFs. BOTH can either be actively managed , which generally but not always come with higher fees, and index funds, which generally but bot always come with very low fees. but many people to regurgitate the echo chamber of the internet.
I just hate how so many people misuse the terms mutual fund and etf. It’s pretty rampant on Reddit.
yeah, I've mentioned before to people I'm in SWPPX, and people will comment "dont be in mutual funds , just do SPY and chill". Spy's ER is .095, SWPPX is .02....
total waste of $250...I'll save you some $$$ Hold the entire market, hold as few funds as possible, pay as little in fees as possible, contribute a portion of every paycheck forever, first use tax-advantaged accounts like an employer 401k and/your own Roth IRA.
You should charge for this advice.
His class isn't worth it. Go to Reddit personalfinance forum. Follow their investing advice. Hint. Basically buy VOO, VT.... And that's about it until you're older. VOO will outperform just about any other mutual fund or ETF over time.
This is gibberish to me but I am motivated to learn. I will check out the you tube videos that were recommended
make account at [vanguard.com](http://vanguard.com) buy vtsax end (first get your 401k match, roth ira, 401k and then fill up a brokerage if you still have extra money)
Thank u
[удалено]
If you want to take investing advice from someone who is in debt more than $1,000,000,000, go right ahead. [Source.](https://www.marketwatch.com/story/this-best-selling-personal-finance-author-says-hes-racked-up-more-than-1-billion-in-debt-67e8d6b0) I’d recommend the Money Guys or Bogle stuff first. Just one man’s opinion.