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The Ramsey Show Highlights

How Do I Get Started Investing?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 12 January 2023

⏱️ 4 minutes

🧾️ 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, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five 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

This is the Ramsey Call of the Day, part of the Ramsey Network.

0:10.8

Chelsea joins us in Des Moines, Iowa, Chelsea. How can we help?

0:15.1

Hi, I just recently paid off 17,500 in student loans and I'm debt-free.

0:21.6

Hey!

0:22.6

I'm new to investing.

0:25.6

I've only ever invested what my, you know, what my dad gave me and told me for the first 500,

0:29.6

but then after that it's on me.

0:31.6

I have no idea how to invest, so where do I go from here?

0:34.6

That's awesome, Chelsea.

0:35.6

Number one, congrats on paying off the debt. That's amazing.

0:38.3

You know we're going to celebrate that. Oh, yeah. Yeah, we alarmed you a little bit, but we're very excited.

0:42.6

We're excited. Have you done Baby Step 3 yet? Do you have the three to six months set aside?

0:47.9

Yeah, I have three to six months. Okay. Do you have three months or do you have six months? Like about five months.

0:54.3

Okay.

0:54.9

Okay.

0:55.1

That's good.

0:55.8

That's good.

0:56.3

And you're single, single lady, yeah?

0:59.1

Yeah, single, just renting an apartment.

1:01.1

Just renting an apartment with a job.

1:02.6

If you can get it to six months, I'd love for you to get it to six months first,

1:05.8

simply because you're the only person floating your income and if something were to happen, you know, that's the only

...

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