Where Ramsey's Wrong
Talking Real Money - Investing Talk
Don McDonald
4.5 • 811 Ratings
🗓️ 12 June 2024
⏱️ 42 minutes
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| 0:00.0 | Reality Radio for a really great future. |
| 0:08.0 | We're talking real money. |
| 0:10.4 | We're talking about you, your life and the financial things you do as part of it all the time. |
| 0:18.0 | Probably every day, because we're always dealing with money. And one of the |
| 0:22.3 | interesting things about us, humans, is the fact that we just keep living longer and longer and |
| 0:28.2 | longer and longer. And we need more and more and more money to keep us alive through those older |
| 0:34.3 | years that we didn't used to get. So that's why it's so important that you understand how money works and can work better for you. |
| 0:40.9 | And we want to help you do just that with a phone call to us on Saturdays at 855-935-5-3-5-tac-25-tall. |
| 0:50.9 | It's that easy. |
| 0:52.7 | Now, for most of our investing history, which, by the way, is very brief, really, for the bulk of us, most people didn't invest in the olden days. But back of the old days, we invested primarily for the income our investments could provide. We put money in the bank for interest. We would buy stocks for the dividends. |
| 1:13.6 | And now those numbers, the income from our investments is a lot of money. |
| 1:22.5 | Yeah, I mean, the first quarter, $3.7 trillion from interest and dividends, that's adjusted, that's the |
| 1:30.3 | amount a year adjusted seasonally. That is way up just four years ago. It was only $770 billion. |
| 1:36.8 | So that's like, what, five times as much or something, right? It is huge. Amazingly, a large number, |
| 1:41.9 | all kinds of things are paying now, right? Bonds are paying you a little bit. Yeah, bonds are paying a lot more. Stocks are paying well. I mean, all that stuff. Oh, wait, no, it's up 700. It's up from $3 trillion to $3.7. It's up by roughly $7007. Okay, I misspoke. But it's still up rather considerably. |
| 2:02.7 | Yeah, that's a lot more. |
| 2:03.7 | The reason I raise this issue is what I see, the mistake I see people making, especially |
| 2:10.3 | with stock dividends. |
| 2:11.8 | They have a tendency to think they're getting something for nothing. |
| 2:14.3 | They take the money out of the portfolio. I got this dividend payouts from |
| 2:19.8 | all these companies and they spend it. In fact, that's what the article's about. Is that supporting |
| 2:24.2 | the economy overall? Yeah. And what we forget is if you bought it from during the the |
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