How Do I Get Started Investing and Building Wealth? (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 5 May 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Kamel & Rachel Cruze answer your questions and discuss: "Should I increase my emergency fund for inflation and potential layoffs?" "How do I start investing at a young age?" "I'm $200k in consumer debt. Should I declare bankruptcy?" "Put my TSP in a Roth or traditional account?" "Should we use some of our emergency fund for investing?" "My mom gifted me my sister's car but still wants me to make payments..." Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Oh
0:02.4	Live from the headquarters of Ramsey Solutions, broadcasting
0:32.4	from the pods moving in storage studio, it's the Ramsey show where we help people build
0:37.2	wealth, do work that they love and create amazing relationships. I'm George
0:41.7	Campbell joined by Rachel Cruz this hour. The number to call is 4825-225. You
0:48.7	hop in and we'll talk about your life and your money. And if you're listening to
0:53.0	this show I'm gonna make a wild assumption that you hopefully enjoy it and if
0:56.8	you do let me remind you that this show is no cost to you and so here's the only
1:00.8	thing we would ask of you that's also free. Hit the like button wherever you're
1:05.2	hanging out, consider subscribing, hit that button as well or follow if you're on
1:09.1	Spotify and leave a review on the platform that you're listening on and let us know
1:13.8	what you think of the show and share it with a friend. A lot of the times people say
1:17.5	oh yeah a friend told me to listen to it they sent me this episode they sent me
1:21.2	this call or this YouTube clip and it got me on board and now I listen for
1:25.2	motivation so appreciate you all doing that it helps us spread this message and
1:29.9	spread the hope and impact we try to make every day. All right let's go to the
1:33.6	phone lines Hayden is in Salt Lake City to kick us off Hayden welcome to the show.
1:37.8	Hayden, thanks for having me. Absolutely what's going on? Yeah I just have a
1:43.9	question last year I was on baby set 2 and I just had a feeling that with all the
1:49.0	tech layoffs and everything that were happening and in the market so I had
1:52.8	stopped doubling down on debt and I went to an emergency fund I built that
1:56.6	emergency fund up to six months now with some of the experimental income that we
	...

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