Should I Cash Out My 401K to Pay For a Car?
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check the date, then check how your 401k is doing. more like diving
Ah yes…
The, is cashing out my 401k to buy something stupid a good idea.
Short answer: NO
My dear….sell the truck. Thank you!
I never clicked on a video so quick
Dayum, they are really broke. Plus this lady's brain is scrambled. Selling oranges on the side of the road can earn more than 800 bucks a month.
SHE can't answer a question.
Sell truck and get HOOPTIE.
OR start operation sugar daddy
Are there no better questions out there? I would like to hear some actual interesting questions
No.
Plot twist: The handyman that makes $300k year also has a Grandma who gave them $100k to put into the marketing.
Dave should not be saying people are making $300k a year in being a handyman. The books mean everything to a company. He needs to elaborate on this business model he is referring too.
$300k a year for a handyman job. No way. They use the term "handyman" for someone that gets paid a low wage and needs to find a niche. They need to have proof of these people making this much money and not just yacking about it
Sounds like both of them need better jobs
Dave:
Sell the beans and rice
Yes sell that car and buy a 2000 car
You know, she's never going to be wealthy, so she might as well be in debt and enjoy that nice new financed truck.
I thought we were pass the point of looking for permission from Dave to withdraw from retirement. This is why Dave is a millionaire and why he will accumulate more wealth. Always. Always some people out there who do or try to do things easy way rather than the hard way. You can run into debt but it’s a slow walk out
HEY IM FROM WARNER ROBINS GA
THIS is the reason why most people are in debt and unable to retire later in life
Did anyone else see the title and think….oh this will be good..
She could easily take a 401k loan (actual loan from yourself) and avoid taxes and penalties. Borrowing $2000 for 401k loan is next to nothing in terms of how long you need to pay it back.
I owe $19k on a truck…my husband makes $24K and I make $7k per year….smh. it is crazy to think most Americans are financially killing themselves to have a new shiny car in the driveway. They have no savings, college fund or retirement but are making $600/ month truck payments and can't figure out why they are paycheck to paycheck.
its actually only 10% She would be paying taxes on that money whenever she withdrew it, now or thirty years from now. She would lose out on growth but Dave always says 30% and he is wrong
She’s struggling right now but she seems like she’s doing good, watch, 1yr she’s going to be making 1/2 million dollars. Keep it up, you will make it
If you stop talking and listen, Dave will make your life so much easier!
I love how they know the answer, but they still ask the stupid question.
Cash out your retirement for a car?! Use your head. If you have to ask, you know it’s a bad idea. Do you listen to this show or are you just “hearing without listening?”
Dave, do a video of buying a 2k car. Show me the vehicles you would buy online. I wanna see that
Pretend you broke and u need a car and have only 2k in cash. Show me these vehicles in your area dave
Stupidest. Question. Ever!!
Is Christy’s Business Boutique for women only? I’m really interested in the conference and any insight she could bring for small businesses.
Christy Wright is cute.
I'm still trying to understand what made them think they could afford this truck only making 30k a year. What was going through their minds when they were at that dealership??? Did they even check their budget at all before making their decision????
No $2000 cars out there. But wow 31k a year total income??
Caller: I know this is bad idea. But can I still do it in my scenario?
Dave: What do you think genius?