How Do I Invest After Selling My Business?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 28 October 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget! 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, and are disciplined and responsible! Next Steps: 💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 🏠To learn more about how to plan for Retirement, click here 🏦To learn more about Investing, click here 🎓Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. All right, we're going to Anchorage, Alaska, and Robert is joining us there.
0:27.0	Robert, how can we help today?
0:29.0	Hey guys, thanks for taking my call.
0:32.0	I recently sold a small business that I've been building for six years and
0:40.7	getting about 2.2 million before tax.
0:45.0	Nice.
0:46.0	Way to go.
0:47.0	Yeah, thanks.
0:48.0	What kind of business was it?
0:49.0	It was a media business, like streamable assets.
0:53.4	Great.
0:54.4	Good for you.
0:55.4	I've been building it since I was 18.
0:57.1	I'm 26 now.
0:58.6	Good for you.
0:59.8	How about that?
1:00.8	Yeah.
1:01.8	How do you feel? I feel excited but also really scared because my income is going to be gone my
1:08.8	monthly income from this and I need to invest this money properly in order to replace it.
1:14.7	What were you?
	...

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