Can I Invest Larger Amounts in a Shorter Timeline?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 23 September 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Sarah is in Louisville.
0:24.0	Hi Sarah, welcome to the Ramsey Show.
0:26.0	Hi, I thank you for having me.
0:28.0	Sure, what's up?
0:29.0	Well, I'm getting ready to enter into a new chapter of my life.
0:32.9	I've been stay-home mom for 17 years.
0:36.3	And my children have grown up and I decided to go to college and in December,
0:41.7	I graduate and I'll be a nurse.
0:44.0	Yay!
0:45.0	Oh, thank you.
0:47.0	And we've only had the one income.
0:49.0	So I've never brought in income before, you know, we live a good life. This month we pay off our
0:56.3	home. Wow. And then next month we only have $2,000 in credit card debt, so I'll pay that off too.
1:05.0	And then we have no car payment, so we're debt-free.
1:08.0	And I have this new job coming, and we have plans for what we're going to do with our money that I'll be making.
1:15.0	Okay.
1:16.0	And then I saw you on like a Tik-Tok and I heard you say if you take $500 a month for you know every every
1:27.2	month for you know 20 years you'll have five million dollars right that That's about right? Probably. Okay so I was wondering if I took
1:38.0	four thousand dollars a month of the income that I'll be making as a nurse and invested it in five years what I have
1:47.0	about five million? I don't know I have to put in the calculator to be sure.
	...

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