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Ramsey Everyday Millionaires

How Do I Save for Kids College?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.63.6K Ratings

🗓️ 2 September 2022

⏱️ 10 minutes

🧾️ Download transcript

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.

0:14.0

Riches with us in Chicago.

0:15.1

Hi Rich, welcome to the Ramsey show.

0:17.1

Hi Georgian Bay, thanks for having me on.

0:20.7

I have a quick question about allocating funds into a $5.29 plan.

0:26.9

My wife and I are just coming up here at the end of baby step three and looking into

0:31.8

four, five, and six.

0:34.0

We're a little older.

0:35.8

My children are sophomore and high school, freshman and high school, and then sixth grade.

0:41.5

And curious is to how to best invest in our five, 29 plans going forward.

0:48.1

They do have a current investment balance, but I just curious, shine best, all my money

0:54.2

now into the older.

0:56.0

What's the current balance?

1:00.1

Around 125,000 total among all three.

1:03.8

Okay, so they got like 40 grand each, all right?

1:06.4

And what's your household income?

1:12.4

Around 220.

1:13.4

That's good news.

1:14.4

Okay, cool.

1:15.4

All right.

1:16.4

So.

...

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