This Is How Dave Ramsey Will Make You Poor

Imagine being able to pull $80,000 from your million-dollar portfolio forever without running out of money. Can you really withdraw 8% of your retirement portfolio every year without running out of money? Dave Ramsey says yes, but let me explain why he might be wrong. In this video, we'll dive into the concept of the 4% safe withdrawal rate and why it might be a better option for long-term financial stability. Don't miss out on this important financial advice - be sure to subscribe for more! 📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do It Yourself" investors https://bit.ly/3EAAhrJ Watch the full segments on Dave Ramsey's thoughts here: https://www.youtube.com/live/Xg4Z8EQY3Ao?si=rSwCV1S7r-WMqV12&t=4429 Check Out My Recommendations (It helps support the channel): 📊 Personal Finance Bundle Wait List: https://bit.ly/4bpyTHT 📖 Free copy of my Spending Review Spreadsheet: https://bit.ly/48lMVZ1 📧 Business Inquiries: https://bit.ly/44AgfLw Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running. Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.