Tag: investing
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Dave Ramsey Contradicts Himself (Wealthy Idiot Reacts)
The caller is concerned that he is in the middle of Dave Ramsey’s baby steps and he is losing traction. Dave Ramsey and team can’t wait to ignore the question and contradict one of their most basic messages.
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These Things are Costing You Your Life!!!
The cost of things is much higher than we know. The things we buy are literally costing you your life! Are they worth it? Once you know how much things really cost, it makes saving money so much easier!
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2 Steps to Financial Peace and The Secret of Wealth
Financial peace is often simplified into 1 step, CUT EXPENSES. However, there are 2 steps to financial peace and both are equally important. We all know that this second step is required, but for some reason, it skips our thought process when considering our financial priorities.
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React: Dave Ramsey Pushes Paying Off Your Home Early
Dave Ramsey, on the Ramsey Show, says it’s a risk to carry debt on your home and you should be paying it off early. Even if the math works to keep the debt, and you can handle the payment, and you have a lot of backup cash, and there is basically no risk at all. AJ breaks down how Dave refuses to answer the question and refuses debt in all cases, even if it makes sense.
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My Offer on a New Vacation Home just got Accepted! (2022)
AJ put just put an offer on a new vacation home and it was accepted! In previous episodes, AJ showed his his process on Real Estate investing from crunching the numbers, getting lending, and finding a property. In this episode, AJ shows the home he his under contract for and will convert into a vacation home (AirBnB)
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Lost $1,000,000 With This Investing Mistake | Wealthy Idiot Reacts
Debbie wrote in to the Dave Ramsey show explaining how she lost money with her investment strategy and what she did in the 2008 crash. Her decisions lost her over $1,000,000!!! People make the worst decisions when acting emotionally when it comes to money and investing. AJ has made the same mistake as Debbie but only lost a few thousand.
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The Whole Life Scam; Is Infinite Banking Real or a Con?
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.