Dave Ramsey Bad Investment Advice on 401k – #MyOpinion #Part2 – FOM#29

This video shown below (https://youtu.be/W-G1ecrqNhM); the husband does not want to stop investing while his wife continue to pay down debt in my opinion the husband is correct not the wife and Dave Ramsey

My Main Comments:

Dave is wrong here the husband is right they can do the debt snowball and still do the 401k

Stopping the 401k will also increase their taxes

And they already paid off 25k I think the husband plan is working with the debt snowball

I believe you can do both and what’s wrong with modifying total money makeover maybe call it total debt makeover while getting rich

I agree the wife is trying to follow it but the husband is smart she can continue his 15% 401k contribution you don’t need to follow everything Dave says you have to read and tailor things to your financial goals not everyone is the same

Also, for high income earners contributing to 401k saves taxes so if he stop the 401k he will paying down the Debt with a little more income but no investment and paying more taxes and also lost of the time value of money – time loss on making his money work for him

Source: https://youtu.be/W-G1ecrqNhM

Dave Ramsey – People Can be a Millionaire with DEBT – FOM#28

Dave Ramsey, People Can be a Millionaire with DEBT and that 10K+ Millionaires you surveyed us nothing compared to 16M millionaires out there where most created their wealth through DEBT – Use effective debt management strategies while focusing and achieving your financial goals they all can be done at once – Follow Your Dreams and No one else.

People can become millionaires with debt and Dave only survey 10,000 millionaires when there are 16M millionaires households in the USA that are millionaires so I guess that maybe mostly a lot of millionaires use debt follow your own dreams.



Dave Ramsey Bad Investment Advice on 401k – #MyOpinion – FOM#27

If your company offer a match in a 401k contributing to the plan is a non starter especially 10% whether or not they have debt. Also, always contributed to a 401k with or without a 401k for retirement and also you pay less Tax; and if you have a Roth 401k mix your contribution between PreTax 401k and the Roth 401k to get the company match and for Tax Diversification



G7 2018 in Canada – My Views – FOM#23

Russia should be included in the G7 making it G8 totally agree with @realDonaldTrump and maybe China so it will be G9; also there should be a G3 with America, China and Russia for economic growth and world peace #G7 #G72018


They all listening to @realDonaldTrump until he tunes them out as they ask for handouts 😂 #myjokes #G72018 but true I think that’s what happening there lol What you think?