How Do I Get Started Investing?

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 29 December 2023

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & George Kamel answer your questions and discuss: "I'm 22 years old, how do I start investing?" "Should I pay off my ex-husband's house?" "Should I invest more than 15%?" "Should we use savings to pay off the house?" "Marriage is falling apart, wife is crazy spending," "What should I do with an annuity my dad left?" "Ex-wife wants a one-time alimony payment" "Should I get a career starter loan from the navy?" "What should I do with my old 401(k)?" "We're having trouble keeping a budget," "When do you have to pay capital gains tax?" "How do I save money left from scholarships?" "Trying to decide between two jobs." Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: BetterHelp Zander Insurance Balance of Nature USCCA Neighborly Have more money and less stress with George Kamel's NEW book, Breaking Free From Broke! Join the Crusade at Ramsey Solutions! Apply Now! Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where dead is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status simple of choice.
0:41.0	I'm Dave Ramsey, your host George Camel, Ramsey personality, host of the
0:44.7	fine print on the Ramsey Networks, is my co-host today. We talk about your mental
0:49.7	wellness, your relationships, your jobs, your careers, and your money. It's your your 5-225. Austin is in Springfield, Missouri to start off this particular hour. Hey, Austin, what's up?
1:08.0	Hello, Dave. I'm not sure to talk to you. You too. How can we help? My question is I'm 22 years old and I'm wanting to start investing and I'm wanting to know which platform I should use.
1:25.0	Wise man, all right.
1:26.8	So you're out of college, you're working?
1:30.3	I did not go to college.
1:31.9	I'm working. I actually own a construction and
1:34.6	exiting business of my own.
1:36.2	Way to go, man. That's incredible. Okay, so what's your income for the year?
1:40.0	Household income? My income is around around 45,000 a year.
1:45.0	Cool. And I do own my house. It's completely paid off.
1:50.0	Wow. What's that worth?
1:54.0	My home appraised around $220,000.
1:59.0	Way to go, man.
2:00.0	Well, you're doing great already.
2:02.0	Right off the bat.'re killing you have any
2:03.4	debt no I know credit card dad or student loans nothing and you have an emergency
2:09.9	fund you have savings three to six months expenses yes yes my emergency
2:15.1	fund is around 25,000 would you run for Congress 22 years old you have your crap together more than any of them at the island of
2:24.8	miss Fit Toys. I wish but I'm very I got a lot of my information from you Dave obviously and plus my family and my parents
	...

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