Are We Able To Retire Early?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 28 May 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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.
0:13.8	Julie's up in Jackson, Mississippi.
0:15.9	Julie, how can we help?
0:17.2	Well, I'm interested in your ideas about retiring early.
0:21.7	I am 55.
0:23.1	My husband's 56 this year.
0:25.4	And he has had recent changes at his job, like a 75% pay cut.
0:31.5	Whoa.
0:32.6	Yes.
0:32.9	Why?
0:34.1	Because it was bought.
0:35.9	Uh-huh.
0:36.8	It was bought by another company, and he had been an officer in that company, and they demoted him.
0:41.3	Mm-hmm.
0:42.2	And so he had that kind of a pay cut.
0:45.0	He's pulling 100,000, and I'm pulling in 24,000, but we're sitting on four and a half million.
0:56.6	Four and a half million? Well, half million well yeah done he got a inheritance this year his father passed away about three years ago how much was the
1:02.1	inheritance one point five okay and the um one point five was when they bought the business
1:08.5	because he was part owner and Mm-hmm. And then one, one-point-five we already had.
1:16.1	But that adds up to 4.5, yeah.
1:18.0	And so I'm looking at the idea of him retiring early because he's not happy with what he's doing.
	...

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