Do These 3 Things To Set Yourself Up For Retirement

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 1 March 2024

⏱️ 10 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, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Jay, we were talking during the break and I thought this might be good content to talk about on the show.
0:28.0	What's that? I got an email from the Social Security Department with my like yearly statement.
0:32.0	Okay. So I thought, all right, I'm a young buck but I'll... department with my like yearly statement.
0:32.6	Okay.
0:33.6	So I thought all right I'm a young buck but I'll open this up.
0:35.8	Let me see what's inside this bad boy.
0:38.0	Uh-huh.
0:39.0	And it was pretty interesting to see how much money the government thinks I will be given when I am the ripe age of
0:46.1	62 or 70.
0:48.1	And I wanted to break this down because we get this question frequently on the show.
0:51.5	People are asking, hey, when should I take Social Security
0:54.1	will it even be there for me note on that part there's actually a spot in the
0:58.9	document where they're they know if people are concerned about this so like hey
1:01.9	we want to give you confidence
1:03.6	in your future in retirement.
1:05.6	So click this PDF to show how we'll be there for you.
1:09.6	Well, here was the rousing confidence booster we know that at least until 2034 the money will be
1:18.1	there.
1:19.1	Yeah and I was like okay 2034 that's that's 10 years from now. So 10 years from now, they're not going to have 100% of the funding
1:26.4	to keep Social Security going. And we know this. And they encourage me by saying, hey,
	...

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