What’s The Right Way To Invest 15% Of Your Income?
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust:
Visit the Dave Ramsey store today for resources to help you take control of your money!
The new Borrowed Future uncovers the dark side of the student loan industry and exposes how the system is built to work against you.
Watch Now:
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at:
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
• The Ramsey Show (Full Episodes):
• The Dr. John Delony Show:
• The Rachel Cruze Show:
• The Ken Coleman Show:
• The Christy Wright Show:
• EntreLeadership:
Comment
I save 66% of my income a year so should I just been investing the whole 66% I’m guessing yes
invest 15%, adjust 15% for inflation of course…
6500 instead of 6000 for Roth IRA for the 2023 season!
What happens to the money you invested if you don’t make it to retirement?
It’s very simple,
401k up to the match for a 100% return
Max out the ROTH IRA
That’s it…
FUCKING SCAMMING PEOPLE SINCE THE 90'S
Half my coworkers don’t know or don’t care about the 401k, they just kinda laugh it off. The ones that are in their early 20’s, I tell them to open up a 401k and they laugh at me later on and say I might just open a CD at the bank. The ones that are around their 35, 44 and 46 would tell me No I don’t need one. I started when I was in my early 20’s with 5% and now I’m 44 and putting 15%. I saw money than I cant ever saved by myself. So happy I started my 401k earlier on in my 20’s. Now I might want to start a mutual fund just boost my retirement cash flow when I retire
If you are sincerely sure that you really want to begin investing in your future, then I have what you need but first you should really be careful because there are so many bots claiming to be real. You want to invest, then you should look up Christy Val D'souza , I have been using her services for years and she has never failed me, and I have grown my investment portfolio from $235,000 at the beginning to $587,000k in 6 months. Just contact her and thank me later.
A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can take advantage of compound interest and potentially grow my retirement savings to about $3M over time?
I’m excited, Just started watching Dave Ramsey today! I never even heard of a 403b before
Company matches are great BUT it is best to convert those after you get them. My company contributes to our match every month. Every month, I call our 401k manager and tell them to convert that to a Roth 401k contribution. Every month I go through the acknowledgement that I understand it will be taxable. My thinking is that it is easier to chop down/convert the Traditional to Roth early than let it grow and have to pay much more tax later.
Sometimes I think people forget… Inflation. Do you have any thoughts about that?
Seems to me she should already be investing 3% into her 401K even while hammering down their debt. Given the employer match of 3%, based on her annual income of $40,000, she's leaving $1,200 a year on the table that she could otherwise be investing in deferred compensation.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
This lady is awesome!! She has studied and learned well. This couple will be millionaires. They aren't falling for financial scammers like those mentioned in the comments. Just keep following Dave and they'll do great!!
I just sold a property in Portland and I'm thinking of putting 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.
Does a roth401k have a cap like a roth ira ?
so if I have a 401k that matches and a roth, how do invest the 15% between those two? Just a little confused
If my job offers a HSA what would you recommend with that? Should I put money into that before the Roth or after the Roth?
I’m having a hard time figuring this out since Walmart only matches up to 6% and I got a Roth
So…as a gigging musician would 15% of entire income look like 15% of each check that comes from a gig?
How can he say she will be a millionaire?
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
Let's say I make 200,000 and I want to invest 30,000 in retirement. I am 1099, so I only have a Roth IRA and a traditional to invest in. If I put in 6,500 in both maxing them out, where do I invest the other 17,000 in?
I watch this video over and over. So much information in this video – thank you for this.
There was a critical point when my investments seemed on the brink of breaking until I connected with Bridgestow. Their expertise and guidance played a pivotal role in reorganizing my portfolio. Their tailored approach and strategic insights not only stabilized my investments but also set a foundation for growth. Bridgestow's intervention proved instrumental in turning around what could have been a challenging situation into a more secure and promising investment journey.
Too vad he didn't suggest some HSA investing
I faced a loss of over $80k when the market took a downturn. It wasn't due to being in an exchange that collapsed; I made the mistake of holding on because that's what everyone advised. I take full responsibility for it. However, this experience taught me to become a more informed investor, understanding the potential pitfalls. After more than two years in the market, I'm grateful to have found a source that helps me recover at least $10k in profits weekly. Thanks, David Marvin Willis
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart
A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?
Why not put the entire $15k into her Roth 401k? Please advise.
There are industries that never give people raises in their entire career. What a jerk!!
roth is definitely safe but all the math I see is max contributions you contribute 250k which is over 40-45 years it only turns to 1mil so its a 4x profit with no tax, ive been tripling my money every 2 years just from investing in the biggest most established companies in the world and some in the index which leaves me with alot more money to play with for more profit and learn things but my entire life is work and investing 16 hours a day no wife no kids no family so probably not a life most people want to live to ensure the risk pays off but ive had it all before been rich and lost it and family lost it had wife lost it and im happier then ever now
I used to have a RothIRA through Edward jones. In 2021 I max it out at 6000… in 2022 I maxed it out at 12,000. In 2023 I had an emergency and had to withdraw 💯 %. When I withdrew it I only got back around 10,000! Does that mean the wrong investments were chosen by my financial advisor? Also when I withdrew it my financial advisor said i wasn’t going to be taxed on it because the funds I withdrew were 100% my own contribution which means it was tax free…… well I just got a 1099-R and now the irs says I owe then just over 2000 because of the early withdrawal. Am I missing something here? Can someone help me understand it all!?
10-12 thousand a month 😮
In light of the current volatility of the stock market, I believe investors should be concentrating on undervalued companies. Currently, 35% of my $270k portfolio is made up of once highly regarded stocks that are now falling, and I'm at a loss for where to turn from this devastation.
How does one contribute more than the allowable Roth IRA contributions per year? Dave talks about opening two separate individual ROTH IRAs in order to supply the remaining 15% which was $13,800. I was under the impression that the max allowable contributions is no more than $6500 for individuals under the age of 50. I’m new to investing and hope someone can clarify here.
investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myselfMay I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.
Can anyone help me with a brief point of direction? I'm 26, turning 27 this year, I have really low debt – ~$2000-$3000 – and I've got a handle on all of Dave's baby steps except one, THIS one.
I work for a property maintenance company, I'm on salary but I don't have a retirement plan or anything with my company and they don't offer it. My company pays me well for my work, I make a little over 60k/year, but they are lacking in this particular realm. Where can I go with that 15%? Do I NEED to be working for a company that will help me with this or is there an alternative I can strive for in a solo manner?
PS. I'm a bit dumb in terms of economics, I'm learning all of this rather late in life.
Many thanks in advance 🙏
What should you do if you make too much for the Roth IRA and are above the income limit.
That where I disagree with people. Always contribute the percentage that is matched. You’re losing money if you don’t.
And the downside of some 401(k)'s . . . not all employers cover the fees. My 401(k) is 1/4 match up to 1% and it deducts 1.5% per year off the top of the corpus. It's a killer. My mutual funds in my Roth (same funds) outperform my 401(k) every year — even including the match.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>
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.
Remember when they say 15% it means 30-50% for us regular people .
Investing in Roth IRA can be a good choice. I have been managing my portfolio myself, When I withdraw from my Roth IRA in retirement, I won’t have to pay tax on it, which will help me keep more of my hard-earned money.
Should I match my employers contributions to the retirement plan? I believe its a 401k, but I'm not sure. I work for a nonprofit organization. They contribute 7% equivalent of my salary regardless if I contribute anything at all and then raises to 10% once the amount they contribute reaches like $15k or $20k don't quite remember the exact amount of when it switches. Back before I accepted the role I did the math and it ups to 10% like 2 and a half years after I was hired.
The other option being to start a Roth IRA and put the money into that instead of adding to my employer's contribution.
By the way, only 27 so that's why I think maybe having a bit more diverse retirement plan with my work and the Roth IRA, but I'm not sure if it would be better to just add to my work's retirement plan.