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Ramsey Everyday Millionaires

How Much Should I Be Investing?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 16 August 2023

⏱️ 8 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, George Kamel & Jade Warshaw. Helpful Resources: 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. 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 Smart Vestor.

0:07.2

Connect with an investing pro for free at RamseySolutions.com slash invest.

0:15.2

You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building

0:19.7

wealth, and outrageous generosity.

0:23.0

Bridget is in Boston high, Bridget, how are you?

0:25.9

Hi, I'm great.

0:26.9

Thank you so much for taking my call.

0:28.4

Sure.

0:30.4

So I had a question about saving money versus putting more into my 403B plan for work.

0:38.4

So I've always been like big into saving money, so I've always had a big savings account.

0:42.4

I only recently started listening to your show and learning more about investing for the future.

0:47.4

So I'm just sort of wondering.

0:50.4

I'm sort of like behind so the year because I was only contributing like, I don't know, 5%,

0:55.4

and that was my part time job.

0:57.4

So I only have like 2500 that I put into it this year, but I know now that the max is like 22,500.

1:04.4

So I'm sort of wondering if I should be aggressive or like the rest of the year and every year

1:09.4

moving forward to make sure I at least like max that out before I'm like piling up more savings essentially.

1:15.4

You got any debt except your home?

1:17.4

I know just a mortgage.

1:18.4

Okay.

1:19.4

All right.

1:20.4

And what's your income?

...

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