What Is The Best Option For College Savings?

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Title	:	What Is The Best Option For College Savings?
Lasting	:	4.46
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Views	:	161 rb

Saving for college is not a good investment if your child belongs in college they will be be paid to go ie full scholarship otherwise your child is going only have a 13 chance of getting a good paying job
Comment from : Dr Michael Pearson

He complains about government and it’s is own republicans/confederates party that are hell bent on destroying America
Comment from : Ed A

Is it true you can not open/contribute to an ESA if you make over $110k as an individual or $220k married filing jointly?
Comment from : PM

Dave keep your personal political opinions to yourself Stay on topic and talk finances
Comment from : J A M

Dear lord I just wanted an answer to a legitimate financial question I couldn’t stick around for the answer while he flapped his political yap trap Keep politics in politics The ceaseless stream of political bitching is why nothing gets done in this country anymore Stay in your lane and I’ll stay in mine
Comment from : poopflinger1492

What kind of ESA does your grand babies have?
Comment from : Intrinsik

Are you ever going to answer the question in the title?
Comment from : Greg

I recommend The College Specialist based in Irvine California You can find his website online He really can help
Comment from : Art Is Your Friend

My son is a freshman I need help with saving money for him
Comment from : natalia alvarado

I won’t want socialized military
Comment from : MGD

thanks also some apps may help like College souk
Comment from : Sasha Swan

got a hardware wallet, earn 5-15 a year on stable coins and they can decide what they want to spend it on
Comment from : Ballzdeepr

529 provides housing even at half time no matter community college or private correct?
Comment from : Nickolas Rodriguez

If I have two kids do I need two 529 plans or can you use one 529 plan for both ?
Comment from : Kevin Reinhout

everyone having access to a higher education and not be tens or hundreds of thousands in debt would NOT be a disaster Ramsey i respect you but you are out of touch if you think our population is better off not being more educated
Comment from : daprinceomar

You can be 100 sure that whenever the far left fascists decide to make college "free" they will do so by stealing 529 and ESA funds from those that actually planned for and save for college
Comment from : MaxShiraz

what about Gerber Life Insurance? Can't you use that as a dual plan to save for college and insurance policy if the childs passes away
Comment from : Mary Moore

Why would free college be a disaster???
Comment from : 4656superman

Would you support free college tuition for "good" students ?
Comment from : Raven and Roses

I dont encourage my kids to go to college, unless they want to am i bad mom? I feel like u dont need college to have a great feature
Comment from : Carmen Est

No one is smarter than my wife, she came back home to our homeland Philippines to get Nursing Bachelors worth $10k, for 3 years And Come back to Cali with Nursingbr Bachelors Avoided $100k+ student loan Lol
Comment from : Mark Gabriel Zamora

I think there’s 157 liberals who accidentally clicked on this lol Great info Dave, thank you!
Comment from : Hubbs

Good grief Dave, why does everything have to be so political It was a simple question and you turned it into a semi rant about liberals
Comment from : matthewhenri

Dave is so political with this question
Comment from : Clear_Head

I’m going to start saving for college and my plan is to save $20,000 after 4 years in college so my coal is to pay off my loans right after I graduate
Comment from : Dashin’ with Ashlie

2:49 Correction: Chief
Comment from : Beastmode Buns

Jesus it took her forever getting that question out
Comment from : The Millies

So K-12, police, roads, fire fighters ok It's "brain disease" when we get to college Got it It's hard to follow these rules
Comment from : Byron Smith

If you have a 529 and dont have kids can you use it as a retirement fund at 65?
Comment from : LAM

ESA is a bad move, its entire thing is taxable while a 529 isn'tbrbrESA has a max contribution of 2k while a 529 has a limit of 75k (you can open the account with up to 150k) 529 plan have the option to control how the money is invested It's a false statement from what Dave Ramsey, I setup funds to purchasebrbrIf you're concerned about the future of student loans, you can always pull out all of the money from the 529 and only pay a 10 tax, ONLY on the earnings, the rest you contribute is free and clear brbrESA mature when the beneficiary turns 18, you don't control the fund (parent) only the beneficiary (child) Also, you have 30 days to withdraw the money once the child turns 18 while a 529 can keep it as long as you live and pass it down to your kids and grandkidsbrbrI went with a 529 because its future proof and it does act like a roth, I think its better than a roth since roth has a contributing limit of 6k as of 2020 and can only pull money out @ retirement age without any heavy tax penalties
Comment from : l00katy0utb3

You're a political hack
Comment from : Virtual Math

So Dave is against free college, against slashing away the student debt, against federally backed and private student loans, and against tuition costs being so high So what is he for? I legit wonder what is his solution for a student from a low income background supposed to do if his parents could not open a college savings account for him/her no college for them?
Comment from : Christian Alvarez

One thing I learned is that giving up is never an option, the mistakes I made took me to where I am today I never thought that trading forex from the comfort of my home could solve and satisfy me financially, but I given all the credit to @carlos_1uptrades on instergram who helped me changed my life Through forex trading
Comment from : Charlotte Bingham

So what happens if you save in a ESA or a 529 and you got all this money saved and your child get a scholarship do they lose the scholarship because they have money set aside for them in one of these savings account???
Comment from : E-tray 5

1:33 if you want to get past all of the babbling
Comment from : Itchy Scratchy Fingers

What financial vehicle will accumulate more cash value? An Indexed Universal Life or a Whole Life Policy?
Comment from : Ashley Taylor

Dave is cool but he’s kinda ignorant How is moving around our government money to help fund education a bad thing? I knew kids who got into d1 schools or got opportunities to go to good schools that couldn’t go because of the financial cost How is helping them out a bad thing? Not very Christlike of you ask me Oh, but to send our kids to war? No problem -_-
Comment from : El Chingon

took her almost 2 mins to ask a question surprised he didnt tell her to spit it out
Comment from : jammin yammin

What is ESA ??
Comment from : Dat Nguyen

I went to college without debt by working full time for a financial institution and taking advantage of the tuition reimbursement Nonetheless, I am saving for my daughter’s colleague with a 529 I do not want her to ever have to take a loan
Comment from : Jennifer Maynard

Quit shielding student loans from bankruptcy and watch how quickly student debt goes down
Comment from : Lucas pal

As a Norwegian, its hard to wrap my mind around the fact that someone would opposite ” free edication” As we all know, nothing is The goverment gives us money for books, etc, however we pay nothing to the university This loan has a max yearly limit If you graduate/finish yearly, 20 of the loan is awarded to you for free The rest is on a fixed interest rate of 1 for the rest of your life So its easy to pay it back This applies wheter you are studying to become a dentist or a historian We have a high restribution of wealth What I can see from these videos is a load of people making an enormous amount of money, and the rest almost nothing Its weird to see that this is a system anyone would like to have and live under Its like insanly strict laws, at the point you have nothing left to loose, you start seeing dangerous development
Comment from : Christoffer John

You can give sound advice without dwelling negativity into politics I respect what you had to say until you called being a “liberal a brain disease” Really Ramsey ??
Comment from : D H

Pay for your college or don’t go at all
Comment from : Bin Dang

Came here to get info, got a political rant and some info
Comment from : Dion Walsh

Came here for factual information on the different savings programs Got some old fart’s unsophisticated opinion on policy It’s almost impossible to get away from the debate, even when it’s got nothing to do with it
Comment from : Aldo S

Do ESA or 529 offer index fund investments?
Comment from : cookies8222

Leaning liberal is a ”brain disease” Fantastic job of alienating the majority of your potential audience Well done, sir!
Comment from : Steven Persons

Liberalism is a disease but red states are the poorest 🤔
Comment from : cambosoup2

Liberalism is a brain disease Dave?? Using our tax dollars for education instead of tax breaks for billionaires is a bad thing?? Yeah you’re for the little guy! And Warrens aiming to be President, not Queen like your current President thinking he’s a dictator who at a whim whips his “wand” and changes long standing US policy! Such ignorance! You are proof money can’t buy everything!
Comment from : H B

Roth grows tax free that you can use for anything If you have enough to fill your Roth and still had more each year
Comment from : SALVATl0N

Love the jab at Liz "Pocahontas" Warren
Comment from : Blue State Conservative

Yep you are the first to ever ask that 🙄
Comment from : Kaleb De Jager

Liberalism is a mental disease The best thing to take from this video for those that didn’t already know it
Comment from : EPA

Being a liberal and caring about other people is not a brain disease Believing in a sky fairy like Jesus-that is a brain disease
Comment from : John M

So Dave what are Republicans offering to fix the student loan crisis or any crisis again? Oh yanothing They just spend like they're in congroh wait, I forgot it's perfectly OK for them
Comment from : Ryan

The problem with student loans starts with corporations and the economy General speaking, you can't find a decent job making more than $50k without a degree To be competitive in the market, you must get a master's degree since now a bachelor's degree is the new high school diploma I make $50k in a warehouse and I only have an associate but I do not want to work in a warehouse for the rest of my life wearing an overall, a hoodie, and steel toe boots Therefore, the economy is pushing me in continuing my education and get a bachelor's degree hoping to get a better job
Comment from : Roger

b"The government should get out of the business of hurting its own people"/b -Dave Ramsey brbasically my unwanted, un-asked-for opinion on the student loan crisis in a nut shell
Comment from : Jeroñe

I’m working 2 jobs because I don’t want to have student loan debt hovering over me I’m also going to a 2 year college so it shouldn’t be too expensive!
Comment from : Phillip J Anglin

The idea between federally insured student loans wasn't a bad one but the execution was horrendous First of all student loans should be limited so people can not borrow more than they can pay back This would also mean people would be required to fully explore other options I have heard of scholarships that have too few applicants to even pay out their minimum requirementsbrIf you want to really help people to be able to afford college than you should not secure loans with private banks that charge higher interest and make the loans undefaultable Instead create your own program, where the loans are given out directly by the government
Comment from : S Gast

Don't go
Comment from : jcrowley1985

I am a liberal and I like this show brMy brain dease of wanting to care about my fellow human beings haven't stopped me from seeking financial knowledge
Comment from : World Shaper

A lot of people have a problem with student loans
Comment from : Nicola - Social Media Success

Where does one need to go to start putting money in an ESA?
Comment from : Jonathan Gonzalez

What happens on esa if child doesn't goto college is the balance withdrawn at normal tax rates or crazy penalty fee?
Comment from : Mark

Dave, it pains me to hear your opinions of the left Don't push away the 50 who need your help
Comment from : Dan Sullivan

I love the financial info Dave provides and have utilized some to achieve debt freedom, but saying liberals have a brain disease and the way he insults entire sects of people is so off-putting sometimes I wish he could be a bit more “Christian” in his speech since that’s what he professes to be
Comment from : Antonni Shingles

Kids don’t go to college unless you are going for free It’s not worth it
Comment from : Mybrwnisbeautiful Hin

Y’all have parents that helped you pay for college / university ? Can’t relate
Comment from : sweetest star

everyone be ready i’m getting on the show tomorrow i’m 18 going to collegebrand i got hella guap i need helps managing
Comment from : ViljarPvP

I mean every other developmented nation has free or subsidized college and its not a disaster for them ?
Comment from : Hector Reyes

As long as there is a State and the rulers behind them, there will be colleges Great propaganda machine, not to mention a great tool to get people more into servitude
Comment from : Kevin

HD definition of these videos is amazing!
Comment from : Lucy Wong

I hate how he falsely demonizes liberals or democratic socialism, yes your entitled to your “opinion” but keep it to your self jeez I work 40 hours a week , school full time , I’m not “entitled” , “spoiled” , or any other terms I see him use through out his show against liberal views or young ppl in general
Comment from : Megatron

Don’t vaccinate it and you won’t have to worry about college
Comment from : Brian Cross

Not a fan of 529s-never did any Just invest fully in your 401K or IRA with deferred taxes You can use money from those accounts for education, with the amount based on what you actually need or want to do No withdrawal penalty, and it often qualifies as tax deduction or credits
Comment from : billyrayband

With a ESA, if the kid does not go to school can you transfer that money to a retirement fund for them or is it lost?
Comment from : Kyle Morrison

Cool great video
Comment from : Cali’s Trucks And Cars

1:42 - 1:54 - HmmI'm in my state's 529 program for both of my kids I'm not seeing the kind of numbers in returns that Dave briefly outlined in this video now that we're 6 years into it Our gains have only amounted to $5,500 and our 5 year annualized rate of return is 65
Comment from : Razor Smith

I get paid $5,000(excessive financial aid) a semester to attend an elite university Already have 2 minors and working on 2 majors currently I receive about 23k a year in financial aid In order to achieve that, you need to have broke parents in which you are dependent on them, and enlist in the national guard OR, you can take out student loans and graduate with only 1 degree and around 50k in debt lol
Comment from : SpeedFlash

Dave your not a regular person
Comment from : Mr Carroll Ware

The best option is one you know you can stick to Auto deposits from each paycheck? Putting $50/week away? Skipping college in the first place?
Comment from : Daniel Iles

I like when you don’t include liberals it shows your true colors it has worked for countries Denmark
Comment from : Susie Blanco

Mr Ramsey, i consider myself a person with an economical ideology align with yoursbrBut i think we shouldn't cap the amount a student can borrow to go to school, nor refuse to lend money for school, yes we should put a hold into the madness the student loan isbrThere are some degrees that require you to study full time (and by full time i mean 40+ 40 hours a week) you have to get a loan for that, and also when credit hours cost you 25k per credit hour and the final cost of tuition for a program of 4 semesters is 55k, you can't humanely afford to pay that upfront (that's when the student loans kick in) brAnd who knows, maybe Her highness can find a way to solve it (or at least put a hold into the exorbitant APR)
Comment from : Ray

Has anyone ever considered skipping college for a much more simplistic lifestyle? Money is always at the center of everyone’s dreams and decisions, however consider minimizing possessions, resist borrowing money, and working towards self employment, seasonal work and complete mobility and self reliance Credit based economy is gonna collapse on itself sooner or later
Comment from : Enigma The Gray Man

So is a 529 better? Or is the ESA?
Comment from : Sabrina Tatalias

College is a S C A M
Comment from : Joshua

Student loans are a serious problem, not only for those in debt but for our economy
Comment from : Chris Invests

There are many excellent jobs that don't require a college degree Obviously, everyone's different but there are some great options to consider brbrbrI just made a video of high paying jobs that don't require degrees
Comment from : Chris Invests

Seriously we need to cut the obsesion with going to college Attending college does not equal having a good job anymore You know what my parent's saving for college was? "Study hard in high school so you can get a scholarship" You won't find anything better than that
Comment from : MR3D-Dev