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The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 8 June 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Lionel is with us in Midland, Texas.
0:13.1	Hi, Lionel.
0:13.7	How are you?
0:15.2	Good, good.
0:15.8	How about you, Ramsey Show?
0:17.2	Better than we deserve, sir.
0:18.9	How can we help?
0:19.7	Awesome.
0:20.2	Awesome.
0:20.5	I had a financial question. I'm 31 years old and I was considering opening my own business.
0:28.2	I'm thinking about a laundromat. I just wanted to ask you all to see if it was the right timing or something like that.
0:37.2	Why a laundromat?
0:40.4	Because it's a passive income.
0:43.8	I know the beginning of the business, I'm sure the first couple years I'm going to have to be
0:48.8	really, it's going to take up the majority of my time but after a little while you know I
0:55.0	want to live a free life you know for for you know I don't want to be too tight up
1:03.0	yeah you're not you're gonna hate this because you've been lied to it's not a
1:09.5	passive income.
1:15.2	The stupid washing machines break and somebody has to fix them.
1:17.4	Somebody's got to go down there and get the quarters.
1:19.9	Somebody's got to manage the change machine.
	...

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