I just watched a video excerpt of Dave Ramsey telling a female caller that she can live off of $1 Million dollars of life insurance death benefit invested in something like a mutual fund and then take $100,000 for the rest of her life because she can basically make, consistently, 10% per year.
This is a terrible statement he makes to this woman.
Continuous returns of 10% per year don't happen for any investment tied to the stock market. Period.
Dave does not do the math, and he is selling you an idea that does not exist.
Ask anyone about their 401k in mutual funds and find out how many times it has been re-baselined over the last 20-plus years due to the dot com crash, the 2008 meltdown, and the impacts during the "pandemic".
Mr. Ramsey should know better.
Frankly, he should be taken as an entertainer when it comes to ideas about what to do with your money.
Be careful.
Set up an appointment at the link below, and I will walk you through how to establish a way to earn uninterrupted gains, tax protected and insulated from stock market volatility, and be able to multiply your own money by using it in more than one place at the same time.
Our safe money system is called Private Family Banking. We give you the real numbers with real actionable steps about how to be successful in the long run and pass long legacy wealth, not "pie in the sky" mutual fund investing, as advised by Dave Ramsey.
To be fair, Dave Ramsey has helped many couples and individuals who have a significant lack of control over their money get some control.
That is a great first step to setting up your readiness to do Private Family Banking.
If you have little to no control of your money, you likely should significantly reduce your expenses, set up a detailed family budget, and, in many cases, find more ways to make more money.