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The Ramsey Show Highlights

Can We Quit Our Jobs And Travel Europe for 6 Months?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 12 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

📱Download your free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today i'm 31 my life's 28

0:08.2

we just got married about six months ago i'm kind of a weird and i worked at my job in finance

0:13.5

for last 10 years at the same company but kind of get into the point where i want to quit my job

0:18.3

at the beginning of next year, so 225.

0:25.4

And we're seeing this is a good opportunity to kind of take four to six months and maybe do something like move to Europe.

0:27.6

You know, we've kind of lived like no one else.

0:29.3

You've saved up a good bit over our lives.

0:32.0

And so we have about 700,000 of net worth.

0:34.9

No debt other than the house.

0:36.3

We would probably sell the house

0:37.6

if we did go out there for six months. But kind of wanting to have kids in the next one to three

0:42.8

years. And so this is kind of our main shot from a timing standpoint. So wondering if that

0:48.3

makes sense from a financial standpoint. What do you do for a living? I'm in finance. I work at a bank.

0:55.9

And how much do you have saved beyond your emergency fund?

1:00.5

Yeah, so we have about $90,000 of cash, about $100,000 in our brokerage, about $225 in our retirement,

1:08.5

about $2.75 in our home equity, and then about 35 and kind of other stuff.

1:14.5

I'm ready to rule, Rachel. I'm ready. What was the first number? I just kept thinking,

1:19.8

I want a man in finance, the trust fund. Is that Ryan? Is he the guy the internet's been looking

1:26.7

for?

1:28.2

Sorry.

1:29.3

Blue eyes.

1:32.3

You know, I try to keep in decent shape, you know.

...

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