How Do I Invest $2.5 Million?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 26 September 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Danny's in Dodge City, Kansas.
0:15.8	Hey, Danny, how are you?
0:17.8	Good, how you doing?
0:18.8	Better than I deserve.
0:20.1	What's up?
0:21.1	Well, great.
0:22.1	I was calling to find out last year I sold some property that I had had for around four
0:27.9	years in Colorado and by the time the expenses and everything were paid out, I walked away
0:35.9	and put into a trust like $2.5 million.
0:39.6	I hate it when that happens.
0:42.0	Well, at the time, the CTA and the lawyer that set up the trust for me, the CTA was talking
0:49.7	to me about like annuities and all that.
0:51.7	And I just didn't at the time think last year was a great time to invest, invest it
0:57.6	so it's just been in the bank.
1:00.5	And now I'm starting, you know, I'm 51 years old starting to wonder is it time to put
1:05.3	that to work for me through some faffy income or something and...
1:12.2	What other investments do you have?
1:14.2	What other investments do you have?
1:15.2	Me and my wife each have rocks with about 300,000 men in the piece.
1:21.6	I have some farm ground that's worth a half million dollars to pay off.
	...

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