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Dave Ramsey told podcaster Theo Von about the ‘secret sauce' for those who want to be millionaires
Dave Ramsey told podcaster Theo Von about the ‘secret sauce' for those who want to be millionaires

Yahoo

time6 days ago

  • Business
  • Yahoo

Dave Ramsey told podcaster Theo Von about the ‘secret sauce' for those who want to be millionaires

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Dave Ramsey has shared some sage advice for Americans striving for entry into the millionaire club: stick to your plan and be process-oriented to grow your nest egg. Speaking with Theo Von on the This Past Weekend podcast, Ramsey noted that, per a a national survey from his firm Ramsey Solutions, the millionaires studied were most likely to be in the following professions: Engineering, accountancy, teaching, management, and law. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Ramsey said that at first, his researchers couldn't figure out what these professionals had in common. But they soon realized 'they are process people.' 'They learn the rules,' Ramsey said. 'That's the way [their] brains work. They do process, and that's the secret sauce.' He also noted that 33% of the survey respondents made less than $100,000 per year. 'They are not earning their way into it,' Ramsey told Von. This is heartening news for Americans at every income level who want to build long-term wealth. Here are some key takeaways from Dave Ramsey and his study for those who want to join the millionaire's club. The Ramsey Solutions survey busted the myth that, in order to be a millionaire, you need a big six-figure income or to come from a rich family where you're set to inherit a pile of cash. Instead, most of the millionaires surveyed got rich through consistent investing, avoiding debt like the plague and smart spending. The two main items that helped these people hit the million-dollar mark: investing in their company's 401(k) plan and buying a house and paying it off. Not every employer offers a 401(k) plan, but there are alternatives out there that can offer similar tax advantages. For instance, if you opt for a gold IRA you can benefit from the tax advantages of a traditional IRA alongside the inflation-hedging properties of gold. Typically, gold is more stable than stocks during economic downturns and recessions. In fact, gold has increased in value sevenfold over the last 100 years. These days, you don't even have to go to a bullion shop to buy precious metals. Plenty of online platforms offer a wide selection of gold and silver bars and coins and fair pricing. A gold IRA is one option for building up your retirement fund with an inflation-hedging asset. Opening a gold IRA with the help of industry leader Goldco allows you to invest in gold and other precious metals in physical forms while also providing the significant tax advantages of an IRA. Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. To Ramsey's second point: paying off, or even buying, a home is more difficult for many Americans right now. While the real estate market can be prohibitive for first-time buyers due to still-cooling mortgage rates and rising home prices, there are still options for would-be real estate investors. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 12% to 18%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Smart investors also look for ways to diversify and spread their risk with their investments. In the Ramsey Solutions study, the researchers wrote, 'They didn't risk their money on single-stock investments or 'an opportunity they couldn't pass up.' In fact, no millionaire in the study said single-stock investing was a big factor in their financial success.' Instead, prudent and diversified investments are the name of the game for the millionaires surveyed. The team of former hedge fund analysts and experts at Moby spend hundreds of hours each week sifting through financial news and data to provide top-tier stock and crypto reports to keep you up-to-date on what's moving the markets — so you have access to extensive research, broken down into simple, easy-to-understand formats. The platform has already helped over five million users uncover stocks before they deliver multibagger returns. Moby's success speaks for itself. The platform's stock picks have outperformed the S&P 500 index by an average of 11.95% over the past four years. And that's on top of the S&P's already consistent annualized returns — about 10% a year, on average, since the index's 1957 inception. When asked by Von if he felt that the American Dream was dead, Ramsey noted that nine out of 10 of the millionaires they surveyed did not inherit their wealth, but instead earned it. 'That's good news for everybody,' he said. 'We've all got a shot.' To shoot your shot at millionaire status, you may need financial advice catered to your specific financial goals. With Vanguard, you can connect with a personal advisor who can help assess how you're doing so far and make sure you've got the right portfolio to meet your goals on time. Vanguard's hybrid advisory system combines advice from professional advisers and automated portfolio management to make sure your investments are working to achieve your financial goals. All you have to do is fill out a brief questionnaire about your financial goals, and Vanguard's advisers will help you set a tailored plan, and stick to it. Once you're set, you can sit back as Vanguard's advisors manage your portfolio. Because they're fiduciaries, they don't earn commissions, so you can trust that the advice you're getting is Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio

Video of Theo Von Saying US Complicit in Genocide Viewed 18m Times
Video of Theo Von Saying US Complicit in Genocide Viewed 18m Times

Newsweek

time22-05-2025

  • Entertainment
  • Newsweek

Video of Theo Von Saying US Complicit in Genocide Viewed 18m Times

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A video of podcaster Theo Von in which he says there is a "genocide," in Gaza and that the U.S. is "complicit," has gone viral, viewed more than 18 million times at the time of reporting. Newsweek has reached out to a representative for Theo Von outside of regular working hours via email for comment. Why It Matters Von, 45, is the host of the popular podcast "This Past Weekend," which Trump appeared on during the 2024 presidential campaign, and Von was thanked by name by Trump's longtime friend Dana White as he claimed victory in the election. His podcast is a top-rated show among young men, and is a key platform in the so-called "manosphere." Von regarding the situation in Gaza as a genocide is significant, given his relationship with Trump. His remarks have even more relevance now that Trump has joined in condemnation of attacks on farmers in South Africa which have been branded "white genocide." Podcaster and comedian Theo Von arrives at the Starlight Inaugural Ball on January 20, 2025 in Washington, D.C. Donald Trump takes office for his second term as the 47th president of the United States. Podcaster and comedian Theo Von arrives at the Starlight Inaugural Ball on January 20, 2025 in Washington, D.C. Donald Trump takes office for his second term as the 47th president of the United To Know Von recently joined Trump during his trip to the Middle East. The president embarked upon a high-profile 4-day tour of key Middle Eastern nations, including Saudi Arabia, Qatar, and the United Arab Emirates. During a visit to al-Udeid Air Base in Qatar, Trump delivered a speech to U.S. and Qatari troops. Von spoke to the troops before Trump took the stage, delivering a routine that included jokes about drugs, disabilities, homosexuality, terrorism and Qatari culture. The remarks were shared in an episode of Von's podcast which first aired on May 10. The clip where Von discusses Gaza was shared by Von on X on May 21 and was captioned, "What are we doing?" The video was first posted before Von joined Trump on the trip to the Middle East and then shared on X after the trip. What are we doing? 💔 — Theo Von (@TheoVon) May 20, 2025 "It feels to me like it's a genocide that's happening while we're alive," he says in the clip. "I just can't believe that we're watching that and that more isn't said about it," Von says in the video. "I don't even know what to do. And it's crazy because our country's also complicit in it and has been for a long time," he says. "I'm a member of this country, but what we want sometimes doesn't matter," he says. "You just have to be a member of a place and your government is making other choices." Von has said he is a centrist politically. He bet $125,000 on Trump winning the last election and was reported as finding common ground with a key message from Trump's inaugural address to "put America first." He was one of a number of podcasters who attended the ceremony. The war in Gaza began when Hamas-led militants attacked Israel, killing 1,200 people, most of whom were civilians, and abducting 251 others. It is believed that militants are holding 58 captives, around a third of whom are believed to be alive. Most of the hostages were returned in ceasefire agreements or other deals. Israel's retaliatory offense has killed more than 53,000 Palestinians, most of whom were women and children, according to the Gaza Health Ministry. This figure does not differentiate between civilians and combatants. There is an ongoing humanitarian crisis in Gaza, with humanitarian groups warning of a risk of famine following an 11-week blockade of Gaza by Prime Minister Benjamin Netanyahu government. A number of prominent organizations have characterized Israel's actions in Gaza as genocide or genocidal acts, including the UN Special Committee, the UN Humanitarian Chief Tom Fletcher and Amnesty International. Israel rejects such allegations and maintains that its military operations target Hamas militants, not Gaza's civilian population. In late April, Trump said that he had encouraged Netanyahu to allow humanitarian aid to enter Gaza as his nation's war with Hamas remains ongoing. On Tuesday May 20, Fletcher warned that 14,000 babies in Gaza could die if more aid did not enter the territory. This remark has been shared widely online, and Von's post of the clip came shortly after this headline. Fletcher's remark has received criticism from pro-Israeli voices. On March 2, Israel stopped all aid and other supplies heading into Gaza, with Netanyahu warning Hamas at the time that "additional consequences" could come to fruition. Trump has previously proposed that the U.S. take control of Gaza, saying that he would make it a "freedom zone." The president has also expressed support for Israel while urging that they end the war in Gaza. What People Are Saying Theo Von, speaking in the clip: "You see all these photos of people, just children, women, people, body parts just, people putting their kids back together … I'm not saying anyone else needs to say anything … I just, I wanna be able to speak about that." President Donald Trump wrote on Truth Social on April 22: "I've just spoken to Prime Minister of Israel, Bibi @Netanyahu, relative to numerous subjects including Trade, Iran, etc. The call went very well—We are on the same side of every issue." What's Next Israeli authorities have given the United Nations permission for 93 more aid trucks to enter the Gaza Strip. The aid has not yet reached Palestinians in desperate need, according to the United Nations, cited by The Associated Press, which could add further pressure on Netanyahu's government.

Don't underestimate the power of the 'brocast', Mark Cuban says
Don't underestimate the power of the 'brocast', Mark Cuban says

Yahoo

time20-05-2025

  • Business
  • Yahoo

Don't underestimate the power of the 'brocast', Mark Cuban says

Mark Cuban said the value of the "brocast" shouldn't be underestimated. "Brocasts aren't republican. They are for young guys," Cuban wrote in a post on Bluesky. Cuban has been a podcast fixture for months, and recently talked about his business, Cost Plus Drugs, on one. Mark Cuban said on Monday that politicians should start paying more attention to podcast bros if they want to connect with young people. "Brocasts aren't republican. They are for young guys. If you want to connect you have to speak to them. If you want to lose by 248k votes in 7 swing states, ignore them," Cuban wrote in a post on Bluesky. Cuban is no stranger to the world of politics and podcasts. The "Shark Tank" star endorsed Vice President Kamala Harris in last year's presidential election. Cuban also hit the podcast circuit to campaign for Harris, appearing on shows like Theo Von's "This Past Weekend" and the "All-In" podcast. While Cuban made the comment in relation to elections, the power of the "brocast" is on clear display when it comes to businesses as well. Besides chatting about politics, Cuban has also gone on podcasts to talk about his business ventures. Last week, Cuban made an appearance on the "Hims House" podcast, where he discussed the origins of his low-cost online pharmacy, Cost Plus Drugs. "Going back to 2018 or 2017, being here in Texas, I had some Republican friends who were asking me questions like, 'Do you have any ideas how the Republicans can replace the ACA, Obamacare?'" Cuban said. "I'm like: 'No, but it's an interesting question. Let me see if I can come up with some ideas.' So that got me into healthcare. The ideas, you know, never got that far, but it really got me, turned me into a healthcare geek," he added. To be sure, Cuban isn't the only one who has recognized the value of podcasts in connecting with a wider audience. Business leaders like Elon Musk, Mark Zuckerberg, and Sundar Pichai have been making their rounds on the podcast circuit to talk about their companies or share their views on work and life. Last month, Zuckerberg appeared on Theo Von's podcast, where he shared his take on the value of attending college. "I'm not sure that college is preparing people for, like, the jobs that they need to have today," Zuckerberg said on the podcast. "I think there's a big issue on that, and like all the student debt issues are like really big issues." And in April, too, Melinda French Gates appeared in a podcast episode with Scott Galloway, where she talked about the criticism she's faced for her philanthropic efforts. "I'm not sitting on the sidelines. To me, it's so easy to sit on the sidelines and, as Roosevelt used to say, criticize from the sidelines. I'm in the arena doing the work," French Gates said. Cuban did not respond to a request for comment from Business Insider. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Don't underestimate the power of the 'brocast', Mark Cuban says
Don't underestimate the power of the 'brocast', Mark Cuban says

Business Insider

time20-05-2025

  • Business
  • Business Insider

Don't underestimate the power of the 'brocast', Mark Cuban says

Mark Cuban said on Monday that politicians should start paying more attention to podcast bros if they want to connect with young people. "Brocasts aren't republican. They are for young guys. If you want to connect you have to speak to them. If you want to lose by 248k votes in 7 swing states, ignore them," Cuban wrote in a post on Bluesky. Cuban is no stranger to the world of politics and podcasts. The "Shark Tank" star endorsed Vice President Kamala Harris in last year's presidential election. Cuban also hit the podcast circuit to campaign for Harris, appearing on shows like Theo Von's "This Past Weekend" and the "All-In" podcast. While Cuban made the comment in relation to elections, the power of the "brocast" is on clear display when it comes to businesses as well. Besides chatting about politics, Cuban has also gone on podcasts to talk about his business ventures. Last week, Cuban went on the "Hims House" podcast, where he discussed the origins of his low-cost online pharmacy, Cost Plus Drugs. "Going back to 2018 or 2017, being here in Texas, I had some Republican friends who were asking me questions like, 'Do you have any ideas how the Republicans can replace the ACA, Obamacare?'" Cuban said. "I'm like: 'No, but it's an interesting question. Let me see if I can come up with some ideas.' So that got me into healthcare. The ideas, you know, never got that far, but it really got me, turned me into a healthcare geek," he added. To be sure, Cuban isn't the only one who has recognized the value of podcasts in connecting with a wider audience. Business leaders like Elon Musk, Mark Zuckerberg, and Sundar Pichai have been making their rounds on the podcast circuit to talk about their companies or share their views on work and life. Last month, Zuckerberg appeared on Theo Von's podcast, where he shared his take on the value of attending college. "I'm not sure that college is preparing people for, like, the jobs that they need to have today," Zuckerberg said on the podcast. "I think there's a big issue on that, and like all the student debt issues are like really big issues." And in April, too, Melinda French Gates recorded a podcast episode with Scott Galloway, where she talked about the criticism she's faced for her philanthropic efforts. "I'm not sitting on the sidelines. To me, it's so easy to sit on the sidelines and, as Roosevelt used to say, criticize from the sidelines. I'm in the arena doing the work," French Gates said.

Theo Von was just spotted at this Miami restaurant. Comic had some unlikely companions
Theo Von was just spotted at this Miami restaurant. Comic had some unlikely companions

Miami Herald

time16-05-2025

  • Entertainment
  • Miami Herald

Theo Von was just spotted at this Miami restaurant. Comic had some unlikely companions

Random celebrity sighting alert in the 305: Theo Von. Before joining President Donald Trump on his trip to Qatar Thursday to perform for U.S. troops, the comic du jour was in Miami hanging with some famous locals. That would be POTUS' daughter Ivanka and her husband Jared Kushner. The first daughter shared a picture of the three of them seated at a meal at Casadonna, David Grutman's upscale eatery in the old Miami Women's Club space in Edgewater. We reached out the eatery's reps about when the meal occurred and did not immediately hear back. 'Miami looked good on you,' wrote the mother of three, who lives in nearby Indian Creek Village. 'Come back and visit us soon!' Vonn reposted the X, joking, 'Y'alls posture is so good. Wth!! Are y'all in spine club or something ??!! I'm built like a damn raccoon. Thanks for the hospitality. Had a blast.' Had no idea the onetime 'Road Rules' star was pals with the Kushners? Join the club. We may have to look to Ivanka's half brother, Barron, for the initial introduction to the Louisiana native, 45. The president said that last year his youngest son recommended he do Von's podcast called 'This Past Weekend' to gain a younger audience in the so called manosphere. 'Dad, you've got to do an interview with a guy named Theo Von,' Trump said in his own remarks Thursday. 'I said, 'Who the hell is Theo Von?'' The one on one episode aired last year while Trump was on the campaign trail, receiving close to 17 million views.

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