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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. David joins us in Chicago.

David, how can we help?

Hey guys, how are you?

Good, how are you, sir?

I'm doing okay.

I'm recently divorced and I've been left with a 401k for my employer that has 160,000 in it currently.

I'm also currently contributing 15% to it and I get a 3% match and I have a hyssa with $100,000 in it. I have no debt, no loans, no car payments, nothing.

I gross 100,000 a year.

After taxes, I'm bringing in 4,300 a month

and I have 2,800 a month and expenses so if everything's good with the kids usually I'll probably be saving anywhere between 1,000 to 1,500 a month.

I'm 46 years old. The goal was to have a retirement of 2 million and I also need to buy a house I'm currently renting.

So at my age, I don't know how feasible this is anymore, but I'm just curious, do I need to get a side hustle am I currently having an income problem now because of my age with what my goals are I don't know what to do

I don't hear a lot of issues okay let me run it back and make sure I didn't miss anything.

You got 160K and your 401k where you're doing baby step four

and you're contributing that.

You got a 3% match.

That's great.

You got 100,000 stashed away. Part of that is an

emergency, a fully funded emergency fund and part of it is earmarked I

guess for whatever you want. You're making a hundred thousand a year.

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