How Can I Invest My Money Wisely?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 18 August 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠ 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, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: ⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠ ) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠) Listen to more from Ramsey Network ⁠⁠⁠⁠🎙️⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show⁠⁠⁠⁠ 🧠⁠⁠⁠⁠ The Dr. John Delony Show⁠⁠⁠⁠⁠⁠⁠⁠ 🍸⁠⁠⁠⁠⁠⁠⁠⁠ Smart Money Happy Hour⁠⁠⁠⁠⁠⁠⁠⁠ 💡⁠⁠⁠⁠⁠⁠⁠⁠ The Rachel Cruze Show⁠⁠⁠⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠ ⁠⁠⁠⁠📈⁠⁠⁠⁠⁠⁠⁠⁠ EntreLeadership⁠⁠⁠⁠⁠⁠⁠⁠ 💸⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show Highlights⁠⁠⁠⁠ ⁠⁠⁠⁠Learn more about your ad choices.⁠⁠⁠⁠ ⁠ Ramsey Solutions Privacy Policy⁠⁠⁠⁠

Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	John is up next in Monterey, California. What's going on, John?
0:16.8	Hey, guys. We really appreciate you having me on.
0:19.3	Absolutely. How can John and I help? Well, I just want to get kind of a scope of how on track I am.
0:25.6	I have a feeling I'm doing pretty good.
0:27.6	The problem is that I'm just a really nervous investor, like sending my money out.
0:31.6	I've always been a saver my whole life, and that's what's putting in a decent shape but I'm kind of nervous on what
0:40.4	next step to go and I'd like to give you some of my numbers and then you could help hopefully
0:46.6	you guys can help me on my next step all right so I'm about to pay off my house I only have a few
0:53.1	more payments in the next couple months.
0:55.6	Way to go.
0:56.9	In California, nonetheless.
0:59.4	You know, I was really lucky, again, saving all my life.
1:02.7	I was able to make a 26% down payment and just tackle that right away.
1:08.5	We can all agree.
1:09.8	Luck had very little to do with it.
1:11.4	John showed up every day and put money into that account and worked his tail off.
1:15.2	Yeah, yeah, for sure.
1:17.2	But, you know, I also bought it in 2014 when the market was very low.
1:22.3	Anyways, so I have about $115K in high-yield savings. I have an 115k in high yield savings.
1:29.1	I have an old employers, 401k, that's around 85.
	...

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