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Ramsey Everyday Millionaires

Don’t Screw Up Your Life With an AirBNB

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.63.6K Ratings

🗓️ 20 November 2023

⏱️ 8 minutes

🧾️ Download transcript

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. Kathy is in North Carolina.

0:25.0

Hi Kathy, welcome to the Ramsey Show.

0:27.0

Hello, thank you, Dave, for taking my call.

0:30.0

My pleasure.

0:31.0

It's not to you.

0:32.0

You too. Yes get it out to you. You too.

0:33.0

Yes, it's me.

0:35.0

I'm here, Kathy, today for you.

0:36.7

What's going on?

0:37.7

Okay, so my husband and I retired, we're a 65 and 68. We live in a mortgage free home that's valued

0:46.8

at just under 500,000 and we're debt free. Our yearly income is about a

0:52.3

hundred thousand with retirement, social security, pension, and we have a

1:00.4

$1,700 month rental property that is not for its purpose.

1:05.0

Now that is included in the $100,000.

1:08.3

Your phone broke up.

1:09.3

Wait a minute, stop, stop, your phone broke up.

1:11.6

You have a $1,700 a month rental property, it's paid for too?

1:15.0

Yes. Okay, good. Now you're now I can hear you again.

1:18.0

He has like, oh good. He has about 500,000 and third savings that invested conservatively and his pension and

1:26.3

our social security.

...

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