Do I Have Too Much of My Net Worth in Cash?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 27 April 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

⁠💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠⁠⁠ 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, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro:⁠ ⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠⁠⁠) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠⁠⁠) Listen to more from Ramsey Network: 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.7	Patrick's in New York City.
0:15.9	Hey, Patrick, what's up?
0:17.2	Good afternoon, gentlemen.
0:18.2	Thank you for taking my call.
0:19.7	Sure.
0:19.9	I'm 66 years old in relatively good health, still working.
0:23.6	I own my own business.
0:24.6	I have a net worth of $9.5 million, and I want to make sure it's in the right place and by the
0:31.6	grace of God and a lot of years following Dave Ramsey from a bunch of different shipyards
0:36.6	throughout the U.S., the discipline
0:39.6	paid off.
0:40.8	Man, you're amazing.
0:42.1	Ten million dollar net worth, dude, I'm proud of you.
0:45.5	Yes, sir.
0:46.7	Wow.
0:47.1	And just to be clear, I've never lived high on a hog on first generation Irish Catholic
0:53.0	out of the Bronx, so I'm not impressed
0:55.2	by, I heard you say Ferrari before and that sort of thing. I live very simply, and I'm very
1:01.1	content. Good for you. Good for you. How can we help you, sir? You're amazing. Right now,
1:08.0	I have approximately $580,000 in cash in the bank.
	...

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