How Do I Build Wealth In Real Estate?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 22 August 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Rachel Cruze. The Ramsey Show Highlights 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, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Paul is in Springfield.
0:06.7	Hey, Paul, welcome to the Ramsey show.
0:09.5	Hey, how are you guys doing today?
0:11.1	Better than we deserve.
0:12.3	What's up?
0:14.7	So I've honestly listened to a lot of your podcasts about building wealth,
0:18.1	and this is something I've been working on for I'd say almost 10 years now
0:24.7	I'm 31 good for you I started thank you um I started investing heavily into real estate because that's what
0:32.9	my father did and I saw the value in that of passive income for retirement.
0:38.3	I started a new job a couple of years ago and started making life-changing money,
0:45.3	just a lot more money. So I started getting a financial advisor to make sure I don't spend the money
0:52.3	stupidly or just start investing in spreading my investments
0:55.6	a little bit more broadly. And, you know, obviously I want to keep investing in things and keep
1:01.9	growing this wealth smartly, but I was just kind of looking for what your advice of you,
1:06.5	what you think maybe the next best steps would be.
1:16.3	Well, I think you're going to be fine if you'll behave in a couple of areas.
1:20.1	The reason I think you're going to be fine is the reason most people don't succeed with money is they just don't bother pay attention.
1:22.1	And you've been paying close attention for a decade, which is very important.
1:27.3	And so I'm guessing that you probably made some really good strides.
1:30.6	So this wonderful money you're making, how much do you make?
1:35.0	Well, last year I made $540,000.
1:39.6	This year, I'm a 100% commission-based job.
	...

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