Can We Spend $15k For A Vacation?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 27 June 2025

⏱️ 8 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	Sam is in Buffalo, New York.
0:15.8	Hi, Sam.
0:16.3	How are you?
0:17.3	Hi, Mr. Ramsey, thanks so much for taking my call.
0:20.2	Good afternoon.
0:20.7	How are you, sir? Better than I deserve. What's up? So, Mr. Ramsey, thanks so much for taking my call. Good afternoon. How are you, sir?
0:21.4	Better than I deserve. What's up?
0:23.5	So, Mr. Ramsey, I am looking for your permission to be able to spend money and live well while I'm young.
0:30.9	Let me provide some context. My wife and I are both physicians. We collectively make a little under half a million dollars. Over the last five
0:38.7	years, we've been living only off my paycheck and using her paycheck entirely towards her student
0:45.0	loans. I did not have any student loans, so we had the luxury of doing that. We recently paid that
0:51.0	off. Yay! Way to go! Yes, thank you. Thank you. I appreciate that. Thank you. We're very happy.
0:56.8	So we have this new income, which we've never used before.
1:01.3	For the most part, we live pretty conservatively. I drive the same car I did in residency,
1:05.8	and we did buy another car as our family grew. We pay $500 a month on that, and we plan on paying it off by the end of this year,
1:15.1	calendar year.
1:16.6	Mr. Ramsey, more and more, as I'm getting older, I'm 37.
1:21.0	Oh, you're ancient.
1:22.0	I don't know how you get around.
1:25.4	And just trying to keep up with you, I suppose.
	...

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