Are There Any Good "Short-Term" Investments?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 23 May 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.0	Carolyn's with us in Cleveland. Hi, Carolyn. How are you?
0:17.0	Good. How are you doing?
0:19.0	Better than I deserve. What's up? Well, I'm a widow and I'm 81 years old,
0:24.8	and I am trying to come up with the best way to take the money I do have and make a short-term investment
0:34.0	because being at 81, I don't think I'd qualify for the S&P.
0:39.7	So I'm looking for suggestions from you as to where to put my $43,000.
0:47.6	Okay.
0:49.2	Are you using the $43,000 for living?
0:53.6	Well, no. There's $18,000 in my checking account, $17,000 in my
1:02.5	savings account and I have cash on hand of $16,060. And my yearly income is $666,864. So the money that I've saved...
1:18.6	So you can live on the income you have coming in without touching this money?
1:23.6	Correct.
1:24.6	Okay. Good.
1:25.6	In fact, I usually take about $2,000 out of it, out of my monthly income, and I keep it
1:34.3	to build up on my cash.
1:37.3	Yeah, that's how you got all that money in checking.
1:39.3	Yeah.
1:40.3	Okay.
1:41.3	Right.
1:42.3	And I really should take some of the money in checking and switch some of that over to my savings.
	...

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