What To Do With Extra Money In The Bank?

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Title	:	What To Do With Extra Money In The Bank?
Lasting	:	6.01
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Views	:	2,3 jt

Insightful video, I'll be retiring or working less in five years, and I'm curious about how people split their income—how much goes into savings, spending, or investments? I earn around $175K per year but have almost nothing to show for it yet
Comment from : @KinseyFleming90

Is 30 saving/investment rate enough to reach financial independence or early retirement? I am 28 and i make about 250K a year
Comment from : @BrewNoCarbs

Don't trust Ramsey
Comment from : @kellymcclendon6601

Everyone always say pay off your mortgage What if you owe say $30k at an interests rate of 4 and have $30k cash Why not invest that money in a CD at 5 instead of paying off your house? What's wrong with that idea?
Comment from : @kennethsharp9219

Send me your address or bank account number I will send my extra $$$$$ to you, AMERICAN CROOKED BUM
Comment from : @robertoveliz3385

Good morning I am 69 battling ovarian cancer due to talc powder so far I am winning that battleI still make home mortgages and will be done in 8 years I work part time as a notary and 2 days a week in a pet shop for my sanity don’t like sitting around the house I have 20,000 In a cd saving because my car is 2002 years old and will need to replace soon not with a new model and I have 8,00000 safety money I am a bit perplexed about if I should even get a 3 years old old car considering my precarious health ? Yhank you in advance for your help oh by the way I am in the big law suit concerning this talc powder But likely won’t be around to collect
Comment from : @Sophia-zk3tw

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @patrickhenandez

Who here has extra money ?brNot me !
Comment from : @briannall6232

It's 8 years later after this video was produced Now in 2025 No One Has Any Money Left After Groceries
Comment from : @BlessedBeMyDay

My car interest is 39 I prefer above car payment to invest in S&P 500
Comment from : @wickmanr4662

Finances won't matter if there is no family 41 is pushing it
Comment from : @ScottMarquardt-s7u

PURCHASE A FEW FIRST CLASS FOREVER STAMPS AND ENVELOPS SO YOU CA N WRITE LETTERS TO DC SAYINGbrI CANNOT FEED MY FAMILY OR DRIVE MY CARE DUE TO INFLATION AN RIGGED PRICES!
Comment from : @NicholasDeLuca-i7x

Excellent advise I have applied all my life and today I'm retired happy and Giving Thank God
Comment from : @rossitherhodie5659

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Bestjudy001

extra money ? what the hell is that
Comment from : @wilbs1959

Basically this told me nothing
Comment from : @highonsmog

Bro came on to flex 😂😂❤
Comment from : @iftekhar77

This is the episode I needed Numbers and situation is closer to mine Well in the way to being a millionaire sounds nice
Comment from : @Krispie88

I am 26 and have recently started putting into a RothIRA But it maxes out at 7k a year I have more money to put into it as i have about 30k sitting in the bank and not sure what to do with it ive just been dumping it into Robinhood Stocks so that i atleast am doing something Any advice?
Comment from : @hikingandhermitcrabs

By creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments Financial management is a vital subject that many avoid, often leading to future regrets
Comment from : @vince9080h

I can understand people being bearish with these conditions However, it is not reasonable for most people to sit on the sidelines while your cash position debases by 10 or more per yearWhat is the best way for me to avoid inflation eating up my cash reserve of about 250k while investing it?
Comment from : @blaquopaque

Keeping money in the bank is setting yourself up for devaluation from inflation My thinking about money has drastically changed lately, especially since I understand how to make profits from the stock market, and I started with only $60k I'm still not making enough profit as I would though, but I don't know how to navigate from here
Comment from : @FeelMyTruth

I recently sold an apartment in Springfield and now have about $250K in cash I was advised to invest in stocks but I'm new to investing, as I've always preferred to play it safe with cash, but I'm now ready to take a little risk What are the best strategies for long-term investments for retirement?
Comment from : @Powerz00

Nahhhhhhhhh, I WANNA DO RICH PEOPLE $HIT! Billionaire $hit!
Comment from : @NotDream840

41 is crazy He sounds like a 23 year old and I mean that as a compliment
Comment from : @Belligerennt

So to save you time, if you seen one Ramsay advice video, you’ve seen em all… pay off debt, retirement, deliver pizzas, mutual funds lol
Comment from : @Choptron27

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run
Comment from : @DedeBargmann

This dude will be like Buy a car outright and live off Kraft Mac and Cheese till your 65 and about to die from the toxic shit you ate for 30 years straight…
Comment from : @Goodiebar18

“There is more happiness in giving than receiving ”Act 20:35 (New World translation)
Comment from : @CarlosSantana-we6ts

So if there's no house (rent) and no kids, you just invest or place $$ outside of emergency fund into a high yield savings account in order to later make the house purchase I'm guessing
Comment from : @taylorherman8306

What’s you were on the other end of life Already retired but have two credit cards with $20,000 on each I owe $30,000 on a car My house is paid off Would you take money out of my retirement account in January to clear out one of those credit cards?brThanks!
Comment from : @stevegross7669

This is my fifth year since retirement but this isn’t really how hard I expected things to be I still have about $460,000 of debt in my IRA to invest in stocks How can I use the market turnaround?
Comment from : @Ammo-Hoarder

Dave: always enjoy your videos There’s something about you that is charismatic Other people, though younger and better looking, just don’t have what it takes to keep me interested
Comment from : @pmw3839

I am always impressed at the way all his callers have numeric knowledge of their own finances off the top of their heads If you asked me those questions I would need time to look them up
Comment from : @pmw3839

Insightful video I just want to know best how people split their pay, how much of it goes into savings, spendings or investments I'm 27, and earn nothing less $150k per year, but nothing to show for it yet
Comment from : @AlbertGReene-p8w

Is there any way to protect your emergency fund against inflation?
Comment from : @RodrigoRamirez-eq6gj

Step 7, nope No one was ever generous to me in my lifetime so ill gladly reciprocate
Comment from : @Loudlevin

That must feel greatI'll never been able to feel that
Comment from : @toby43078

Did NOT answer the question!
Comment from : @PatBuckleyracecar

Cash in on John Cena
Comment from : @brianthomas3451

Smartest financial decision this guy has made was not to marry or impregnate any skeezers
Comment from : @Youknowwhoin2024

Will Dave be giving the same advise today???
Comment from : @amazonmister2637

This guy is single, no wonder he has money Get married have kids and the money is gone
Comment from : @MRCRUZER19

It is Dec 2022 Tell me something for going into 2023, please update advicethank you
Comment from : @frankm4277

So funny how he so against life insurance I wonder how you buy term 30 years later when it expires when you are unhealthy If you also have an estate tax issue how do you expect people to pay? Sell their house?
Comment from : @doggyhouz

I have no debts at all and have some big money sitting in the bank What I m going to do?
Comment from : @janete5874

Love your advice Dave!
Comment from : @mariacullati2371

When Dave suggests 15 of income, why is that amount based on gross and not net (after taxes)? Someone earning 100K he suggests they save 15K per year when they take home after taxes only approximately 70K That ends up being 214, not 15 Am I confused about his method?
Comment from : @davidwitt2904

OMG His plan is so simple if you can count to 10 ( actually you don’t even have to count that far )
Comment from : @wickedbird1538

how do you start with the little money
Comment from : @janendungu8951

Best thing we ever did was to pay off mortgage
Comment from : @inverted3rd

Another brutal question from a caller Poor guy Good luck with this one Dave lololol
Comment from : @matt75hooper

Is the 15 towards retirement based on your gross or net pay ?
Comment from : @richardlampman8402

I don't have to extra money
Comment from : @jamilacharles5485

bHappiness comes when you invest and get paid, My heart is full of joy all because of expert Mrs Monica trading company I just made second successful withdrawal, no more withdrawal pending, always successful/b
Comment from : @patiencebella2035

This dude doesn’t need Dave’s help
Comment from : @minnesotajack1

I have a question Mister Ramsay, how safe can we believe our money is in a savings account in Canada after our prime minister froze bank accounts on a win's notice? What would you recommend in our situation?
Comment from : @bruceinsley3247

How do you determine accessibility all banks the same, big, little, local type bank Be more specific please
Comment from : @Mofjos

Hunter lost a laptop brAshley lost her diary brJoe lost his mind brAnd we lost our country
Comment from : @twylah9047

How did this guy end up
Comment from : @ryanthepianoman27

He can send it to me!
Comment from : @ryanthepianoman27

Paying off house during inflation makes no sense Money is losing value, so pay as late as you can
Comment from : @kirkD9349

APRIL 13 2016 NO 3/31/2022 ???????????????????????????
Comment from : @davidcloninger5442

It’s a little surprising young people don’t know more about finances and debt,but not when you realize many parents are in the same boat and too naïve to be helpful
Comment from : @letavoss5938

It is good today to keep money in the bank on 2022 year Trudeau dictator blocked money of those with the trucker convoy
Comment from : @josephrobi6806

Dave assumed he was a good saver, the caller never said the source of his $65K… could have inherited it, could have been a settlement for a slip n fall, poker tournament, whatever brbrOtherwise great call! The numbers are easy to run if you follow along with Dave brbrI’m 38 and have about $40K saved outside of retirement accounts, largely due to no kids or a sycophant wife!
Comment from : @Focused-ni9qh

Max out a roth
Comment from : @davidrounds3245

When I got my home paid off early (37 yrs old), I felt like I was half-way retired I just wished I didn't live in Illinois when I did it Find a state that has low property taxes
Comment from : @SokemRokemRobot

He don't need to invest anymore if employ match his retirement!
Comment from : @putinrussia485

U will save a lot on interest paying car off earlier!
Comment from : @putinrussia485

Wish I had some one give me that advice 30 years ago
Comment from : @roberttalbott8700

That boy has his stuff together
Comment from : @leroymorris6036

He should come over to Brooklyn and take me out for dinner , betsy
Comment from : @georgewagner7787

need to be careful with the payment to the mortgage Might have a prepayment penalty in which case you need to wait until the term is up for renewal
Comment from : @canadianjatti

When do u stop putting money in your retirement!
Comment from : @putinrussia485

People that try to invest money that was in there saving ,always end up loosing it all!
Comment from : @putinrussia485

No kids and not married Of course he is doing well financially
Comment from : @TheFlyingZulu

no wife, no kids thats why he has $65k !
Comment from : @directedbydavid

If you don't get married you can be a millionaire
Comment from : @br5439

This is a problem? I have 65K in the bank and I'm so stressed on what to do w it Lol Jesus man Invest it and shut up lol
Comment from : @mrkyleescobar

I have so much respect for dave Ramsey, I did not attend fpu but got inspiration from listening to the show and bought his book me and my wife did the debt snowball I am sitting in my paid off house writing this Thank you dave
Comment from : @dansmead4100

How can nobody live on 5000 a month explain to me Dave how can't they live on that in america
Comment from : @kieransmith4353

After hearing his finances I knew he was single Before I had a family I saved, after family it’s so much harder
Comment from : @swimbait1

This guy is a great saver
Comment from : @djdomineer55

A lot of people are really saying a lot of negative things about getting married especially for men Just marry up and you’re set 😉 don’t marry someone who doesn’t have the same goals and outlook on money as you Love is the most important but that’s what dating is for Figure out before hand and there’s typically no issues
Comment from : @mpzurlino

Interesting I heard nothing about wall street
Comment from : @danvitale1825