{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Only Three Investments Dave Ramsey Owns (Is This Smart?)","description":"The focus of this episode is on what Dave Ramsey refers to as the only three investments he owns. \u201cI have three investments: my business, paid-for real estate with no mortgages, and mutual funds,\u201d says Ramsey.  He goes on to emphasize that he doesn\u2019t play single stock, doesn\u2019t screw around with gold or Bitcoin, and that he doesn\u2019t need your stock tip from your \u201cbroke golfing buddy with an opinion.\u201d Host David McKnight wonders whether Ramsey\u2019s investment model actually works in principle, and if parts of it can be replicated by everyday investors\u2026 Ramsey\u2019s business functions in two powerful ways: it provides current cash flow so he doesn\u2019t have to draw down investments, and it represents a large future liquidity event \u2013 this alone dramatically reduces the pressure on the rest of his portfolio. David highlights the fact that Ramsey doesn\u2019t pick individual stocks. Instead, he spreads his money across the entire global stock market using mutual funds. Ramsey famously advocates an even split: 25% in growth and income funds, 25% in aggressive growth funds, and 25% in international funds. David\u2019s recommendation is to \u201cInvest 70% in a total U.S. stock market index, 30% in a total international stock market index, and 0% in bonds.\u201d  By doing that, you\u2019ll own the entire market instead of trying to outsmart it. It is possible to adopt a 100% stock portfolio even if you don\u2019t own a business or don\u2019t have a paid off real estate throwing off residual income \u2013 David explains how. You could have a guaranteed lifetime income annuity have the same role played by real estate in Dave Ramsey\u2019s approach.     Mentioned in this episode: David\u2019s new book, available now for pre-order: The Secret Order of Millionaires David\u2019s national bestselling book: The Guru Gap: How America\u2019s Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Dave Ramsey ","author_name":"The Power Of Zero Show","author_url":"http:\/\/davidmcknight.com\/","html":"