Is 60% Too Much To Be Investing?

As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direction I should take to help me generate substantial profits like some people are this season.

Never understood why people are reluctant to buy dividend stocks,You're getting paid to be invested in the stock market,It's similar to owning a rental property,You get paid (rent) to own it while the value of the asset appreciates (hopefully)..Passive income is king

Great advice

Clearly this guy knows how to live while saving a great amount of his income. 60% is great and in a few years compound growth should help with the down-payment for a house. That's what I did and it worked out well.

In 2017 a roommate told me “buy bitcoin it’s a real deal” , the price then was about $4.3K . Now it’s 2024 and the price about $100K. Did I follow his advice?

I pay less in rent than property tax, maintenance and higher utilities on a hosue.

With a good investment plan that ensures a steady income without any doubts, I and my wife are prepared for a well organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

My guy talked about rent going up but what about property taxes

I don't save in cash no more just 90 percent in gold and the rest in crypto

One is an investment and the other is a hedge. Dude should buy a duplex that way he's doing both investment and hedging.

I personally think 40 is good.

60% is not even close to the limit!

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Miller for helping me achieve this

My wife is highly skeptical of investing, and I invest for fun and buy stocks and etfs. For her this just a hobby that I do, but I think that investing is the best way to grow our wealth for the future. What are some ways or things I can show her to make her change her mind

Owning a home is not for everybody. If you are not ready to settle somewhere, buying a property there makes no financial nor logistical sense. Renting also gives you flexibility in your career, you can move and work anywhere as opposed to being limited to a geographical area, giving you tons of leverage to earn a lot more. It's not as simple as "rent always go up".

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

No such thing as too much investing. Look at Bezos. He just kept throwing everything back into the market and compounding it

Paying rent is smarter for younger people. 20 years from now, most of the babyboomers are gone and the real estate market will be flooded by cheap houses.

I respect Dave but I disagree with him on his advice about renting vs. buying here. I built a million dollar net worth without owning a home. And I live in a HCOL area where buying a home handicaps you severely so I don't think I would have reached the net worth I did by buying. Just my 2 cents but to those of you out there who are thinking you have to buy a home in an expensive area, you do not. Godspeed.

A house is a horrible investment, especially in today's market. Maintenance cost, property tax, insurance. Keep renting and invest in the market. Much better move I don't know what Daves thinking

Is it not possible to buy an apartment in the US? Why is it automatically assumed that if you live in an apartment, you are renting that apartment?

In case anyone lives under a rock, don’t use random comments to search up a financial advisor they gonna scam you

There's no too much in investing. I run a successful restaurant and I make up to 700k a year in profit. I've started investing in the stock market and this video really helped elucidate some things. I want to diversify to digital currencies but I'm not sure how to go about it. Any recommendations?

Lol, Dave didn't even ask what his plans were for house... 😂

This is rubbish boomer advice that is out of touch with the housing market. Try buying a house in Australia 😂 Ramsay is missing the point

The answer is save as much as you can😊

Dave Ramsey is wrong on this one but then again he's not perfect😊😅

If you're doing good financially why does everyone seemed to think they need advice from other people to handle their own money😮😊

53 years old here I pay rent versus a mortgage less of a headache😮😊

Simple answer is instead of renting buy and keep doing the same thing 😅!

Step Finance seems super easy to use—anyone else looking into it?

I like what the guy is doing more than Dave’s advice. Someone who is successful shouldn’t listen to Ramsey. Ramsey is for people struggling. The goal of people to whom Ramsey is good advice should be to get your life to such a point that Ramsey is bad advice.

My rule is 50%. I could crank it as high as 75% but found that 50% is a nice even number that also gives me enough rewards to continue playing the game and avoid burnout.

Bro is doing the right thing just needs a slight correction of priority but its never bad to invest as much as possible specially if you diversify

Property tax increases every year right

I'm sorry I will never listen to Dave Ramsey

You can’t even fix a house payment because of taxes and insurance keep fluctuating!

The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like Al-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.

I own multiple properties and I see both sides of the equation. Home ownership is incredibly expensive, Water heaters blow, AC's go out, plumbing blockages, roof replacements. Totally worth it all especially if you can pay that house off or buy in the right time in an up and coming area. The equity you gain makes all the expenses worth it

Isn't it ironic that you are discouraging them from saving up and encouraging them to get into debt?

The market still outperformed that house for those 15 years.

Lucid 🚀

Im about to buy a house in San Antonio in February lol 😂

im kind of curious on his opinion that if i pay rent and eat out, but my income keeps going up every month through my business. I know the end goal is to buy a home / appt of some sort. I just think its a little naive thinking all housing will just always increase all the time and can't be flat for 5-8 years after this huge pump we had after covid. As my income increases i can try and buy a house for cash instead of having a mortgage.

Dave’s right.. I have a beautiful home, and I don’t even care about the house. All I need is a nice outdoor living space with a fire pit. I absolutely love spending time outside. I don’t even go inside unless it’s dark or cold

Taxes and insurance go up every year.

Being in discord and starting trading is literally changing my life. I started with a small $5,000 account but i have got up to $41,600 in two week! Big growth for me...🔥🔥

I just started to get into an ETF by watching your videos. Very new to this. I started very late, 47 yrs old. Better late than never, right.
Recently got into some money

My brokerage: fidelity
ETF: VOO bought 1 share
Dividends: SCHD bought 1 share

Opened up a Sofi: HYSA
Checking: $5,000/ direct deposit setup for new accounts
Savings: $5,000

Chase 4,000 but I want to move it.
Question/ if your able to answer. Should I put 1,000 in SCHD to buy shares, I'm look for the dividend every month to pay rent. Is this a good way to do it..
I'm going to close out my chase bank and use my credit union acct as my primary.
Can you please give me a hint to show that I am on the right path.

I want to know for the recurring payment into your brokerage account, when you do this does it grow interest or do you have to keep buying shares to see a dent in money growth..

Well that seems like horrible advice. This guy is currently killing it. Zero flexibility with the Ramsey show. "You must buy a house to be wealthy."