The Wealthy Idiots Show

Should you pay off your house early or invest? This is a tough decision. Team Ramsey advises caller to buck the norm and pay off his house early. AJ explains how investing give the caller the financial peace he's looking for.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Original Video - https://www.youtube.com/watch?v=LjhcB92R7M0 -  @Dave Ramsey 

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00:00 Introduction

00:47 Proposal to react to Gold Digger

01:29 Start of Ramsey show, caller asks about paying off mortgage or investing

02:17 I don't have anything for my kids college

02:55 Household income is $400k

03:12 Pay your house off before the day is over

04:43 You could pay off your loan and then save up for kids college

05:31 Net-worth is more important than being debt free when it comes to financial peace

06:28 AJ will take over your mortgage for you

07:06 Rachel agrees with the Wealthy Idiots!

07:32 Debt Free DOES NOT equal financial peace

09:44 End of reaction video

09:57 If AJ takes over the loan, he can hundreds of thousands by investing

10:40 Conclusion

There is safe real estate investing and then there is risky real estate investing! AJ explains how risky real estate investing works and what you might need to know about the risks. The up side is great! But the down side could ruin your whole life.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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00:00 Introduction

00:48 Pretend Risky Real Estate Show Introduction

01:09 Safe Real Estate

02:47 Buy Rehab Rent Refinance Repeat (BRRRR)

04:21 Financing the down payment for an investment property

05:24 Example of 0 cash Real Estate Investing

08:34 Going Bankrupt

09:22 Adjustable Rate Mortgages (ARM)

12:49 Infinite Returns on Investment (ROI)

14:42 Conclusion

"Quiet Quitting" and "Acting Your Wage" are major trends hitting social media. It encourages young people to stop competing in the job market place and to do the least work possible to stay employed. However, Quiet Quitting right now, when companies are announcing layoffs, could make it the worst time to make this semi-moral stand. AJ covers Quiet Quitting and explains how over performing in a bad economy produces better results.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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00:00 Introduction

00:48 Viral "Quiet Quitting" TikTok

01:45 Explanation of "Quiet Quitting" and "Acting Your Wage" Movements

02:35 Is Quiet Quitting more than just a viral TikTok?

03:21 Pay will often follow the employees value added

04:36 Treat yourself like you are a business

06:00 The reasons behind Quiet Quitting may make sense

06:16 Talk to your employer about your value

07:19 Now is the time to solidify your job, as the economy begins to decline

08:51 Job growth happens when the economy turns around

09:22 Conclusion

Team Ramsey Reacts to a video "Buy Your Kids A House Now In Case They Can't Afford One Later". A Real Estate Investor is so convinced that houses will be too expensive in the future and instead of investing for your kids college, buy them a house and use the rental income to pay for college. You'll be surprised where Dave Ramsey's team lands on this one!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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00:00 Introduction

01:05 Dave Ramsey Video on Real Estate Starts

02:00 AJ Gives His Initial Thoughts on the TikTok video

03:46 Real Estate Isn't Passive Income...Kinda

05:15 Will houses be affordable in the future?

08:22 Leveraging to buy Real Estate

11:45 529 Education Savings

14:33 Dave Ramsey's team says debt for investing isn't the worst idea

18:01 Rental Income is not taxable

20:11 Conclusion

The wealthy use financial leverage and debt to advance their wealth. Most of us understand debt as the a method for retail establishments to separate us from out money. But the wealthy use debt to leverage themselves into greater amounts of wealth and to avoid taxes. AJ breaks down the math on why it makes more financial sense to borrow money than to withdraw from investments.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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AJ takes the next step in reviewing a home for Real Estate Investing. In past videos AJ broke down how he calculates real estate numbers, gets pre-approved for a loan and starts looking for a property to begin investing. He just found a new investment property and, in this video, will show you the walkthrough of this Real Estate and how/if he made an offer.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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Dave Ramsey tells his caller that she should save for 3 years to get a dream house she could afford today! AJ explains how she can have her cake and eat it too! Her dream house is achievable AND she can do it safely and easily!

Original Video:

 @Dave Ramsey 

https://www.youtube.com/watch?v=Nvc1bavR6wY

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Brady started out house hacking, but quickly has developed top house investing strategies. With 8 doors and counting, he has begun a young and determined Real Estate mogul. AJ interviews Brady asking how he transitioned from House Hacking to develop these top House investing Strategies!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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Manage Real Estate Risk by following these 4 simple rules. Real Estate can be inherently risky, especially when leveraging with debt. AJ breaks down the simple strategies he uses to manage real estate risk!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

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Dave Ramsey loses his mind over an Instagram Video where a debt teaches his daughter about using debt intelligently. Rachel Cruze, Dave's daughter, tries to relate and understand the dad, but they both miss the point entirely. AJ breaks down exactly what's going on here and why missing these important concepts can be bad for you.

SHOUTOUTS AND RESOURCES:

1. Original Episode - https://www.youtube.com/watch?v=m_xnOVAg-GI&list=WL&index=2

2.  @Dave Ramsey 

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj