Article

2024-04-11 Economy

'Dave Ramsey Advises Caller With $5 Million Net Worth To Put Money Into High-Yield Savings If Flipping Houses Isn't Bringing In 20% Profit

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2024-04-11 08:11|| || Front Page|| [199 views ] Top

#1 Regardless of income or assets, 'downsizing' or smartsizing in today's housing market can produce handsome results. Lifestyle changes can also be of great benefit. Also consider home location.

As mentioned, when considering "High-Yield savings" being mindful of the FDIC insurance limits is essential. Multiple institutional deposits should be considered, as well as kid's accounts and trusts.

Anyone with those kinds of assets should seriously consider a Swiss vacation. As Ramsey recommends, APY's are the place to start.

Certainly an interesting problem to have, ha.

Posted by Besoeker 2024-04-11 08:26|| 2024-04-11 08:26|| Front Page Top

#2 Is start by getting out of New Jersey

Posted by BrerRabbit 2024-04-11 08:46|| 2024-04-11 08:46|| Front Page Top

#3 So, let me see, a so-called expert at flipping houses is asking for advice if she should sell her ca. $4 million house. O.k., got it, just making sure.

Posted by DooDahMan 2024-04-11 08:55|| 2024-04-11 08:55|| Front Page Top

#4 /\ Wahhahahahaa.....snort, wahhahaha.

Posted by Besoeker 2024-04-11 08:57|| 2024-04-11 08:57|| Front Page Top

#5 All the privately held wealth in the US would not fill the bottomless pit of the national debt and unfunded entitlements. If every last dime were expropriated the economy would implode faster than a supernova and there would still be debt and unfunded liabilities.

Posted by M. Murcek 2024-04-11 09:14|| 2024-04-11 09:14|| Front Page Top

23:42 Skidmark
21:17 Frank G
21:14 Jan
20:43 Whiskey Mike
20:43 Frank G
20:33 NoMoreBS
19:23 Ululating Platypus
19:08 Ulailet+Thud3602
18:53 ed in texas
18:41 swksvolFF
18:34 Huputle+Cherelet4131
18:28 magpie
18:25 Frank G
18:25 Frank G
18:23 swksvolFF
18:22 Frank G
17:54 Frank G
17:46 swksvolFF
17:45 Silentbrick
17:06 SteveS
17:03 Throlush Dark Lord of the Nebraskans2736
16:59 trailing wife
16:43 Deacon+Blues
16:41 Deacon+Blues