Be an Owner, Not a Loaner

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 29 March 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey everyday millionaires, where we talk investing, retirement, building
0:14.6	wealth, and outrageous generosity.
0:18.0	Sarah is in San Francisco.
0:19.4	Hey Sarah, welcome to the Ramsey shop.
0:21.2	Hello, it's an honor to speak to you both today.
0:24.0	You too.
0:25.0	I have a question.
0:26.0	I have a couple brokerage accounts with more than 500,000 in them.
0:30.0	I was wondering if I needed to worry about SIPC limits of protection and break up those accounts
0:36.6	between different brokerage firms.
0:41.8	The SIPC, I mean, you've got the money invested in stocks or bonds or mutual funds, right?
0:48.0	Yes.
0:49.0	Okay.
0:50.0	So if that brokerage company went broke, it doesn't, you don't lose your money.
0:57.4	This is not like a bank account.
0:59.5	Okay.
1:00.5	Because you own, you own, what have you got it in stocks or what?
1:04.3	What's it in?
1:05.3	Yeah, mutual funds, a few bonds.
1:10.0	Okay.
1:11.0	You have an actual account that owns, I mean, you own a bond, you own a mutual fund.
	...

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