Do I Need a Bigger Nest Egg Even Though I'm a Millionaire?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 25 August 2021

⏱️ 9 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, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Robertson Oakland, California.
0:15.3	Hey, Robert, how are you?
0:17.1	Good.
0:18.1	Hi, David Christie.
0:20.3	Hi.
0:21.3	My wife and I are in a good place.
0:24.6	However, we do live in a very high-class part of California.
0:31.5	We just retired a few months ago and we want to pay off our home, which is our only debt.
0:37.1	However, our plan was to reach a nest egg amount to be able to pay off our home and then
0:45.7	have our nest egg at a level where we can live comfortably the rest of our life.
0:51.3	We're short of that goal and I think I know what you would probably say, but because we
0:58.7	live in such a high-class area, I'm wondering what you think of my plan.
1:03.6	That plan is to grow our investment in another $280,000 before we pay off our home.
1:12.1	So what's your nest egg today?
1:15.0	It's almost 1.5 million.
1:17.2	And what's the text by off the house?
1:19.4	280,000.
1:22.1	And our goal is to have 1.5 million after we paid off our home.
1:26.6	Yeah.
1:27.6	Okay.
	...

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