‘You’re Going To Have Taxes. Welcome To Making Money.’
Many people say that the investment of $ 10,000 would be turned into if they have to go to the fund before it becomes popular. However, some people actually go early and end with essential profits.
Someone called “Ramyi Show” saying that his 37-year-old aunt has a Tesla stock worth $ 650,000. He worked for Tesla for six years and did not touch stock. The caller expressed caution, saying it’s not good to put all your eggs in one basket.
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Financial teacher Dave Ramsey There was an assessment and loved that a aunt could turn to his nephew, and he said he would minimize his risk. Is Video conversation: ended with Rampsi channel. He also shares what he would do with money and how aunt can continue to build wealth.
Aunt works as an engineer of the project and earns $ 70,000 a year. He only pays for rent only $ 1,000 a month and has a $ 20,000 debt that will be paid this year. Aunt has retirement investment, but there is no cash savings. He wants to wait until he reaches $ 1 million, and he doesn’t want to take a big tax hit either. Ramsey offered a fairly blunt consultation on the profit taxes of the capital.
“You will have taxes. Welcome to making money. “
Ramsi continued to explain how this had a good problem. He also does not bash Tesla shares. He said he had the same opinion, whether the $ 650,000 is in Tesla, in Apple or any other solid fund. Ramsi believes Portfoli diversification to allocate most of your capital or all capital in one holding.
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We don’t know how aunt is to pay for the capital profit tax. He would have to pay for a 15% capital profit tax rate, but Remosi views it as a cost worth paying.
Ramsey encourages aunt to view it at 650,000 kitchen table instead to see it as money is related to Tesla Fund. Financial Guru goes to ask what would you do if you see that money on your kitchen table?