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Ramsey Everyday Millionaires

How Should I Be Spending My Money Right Now?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.83.6K Ratings

🗓️ 13 August 2025

⏱️ 8 minutes

🧾️ Download transcript

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? Connect with a SmartVestor Pro: ⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠ ) #PaidEndorsement  📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠)   Listen to more from Ramsey Network ⁠⁠⁠⁠🎙️⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show⁠⁠⁠⁠ 🧠⁠⁠⁠⁠ The Dr. John Delony Show⁠⁠⁠⁠⁠⁠⁠⁠ 🍸⁠⁠⁠⁠⁠⁠⁠⁠ Smart Money Happy Hour⁠⁠⁠⁠⁠⁠⁠⁠ 💡⁠⁠⁠⁠⁠⁠⁠⁠ The Rachel Cruze Show⁠⁠⁠⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠⁠⁠⁠⁠ 📈⁠⁠⁠⁠⁠⁠⁠⁠ EntreLeadership⁠⁠⁠⁠⁠⁠⁠⁠ 💸⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show Highlights⁠⁠⁠⁠   ⁠⁠⁠⁠Learn more about your ad choices.⁠⁠⁠⁠ ⁠ Ramsey Solutions Privacy Policy⁠⁠⁠⁠

Transcript

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0:00.0

This episode is brought to you by SmartVester.

0:08.0

Connect with an investing pro near you at ramsysolutions.com slash smartvester.

0:13.7

Let's go to Honolulu, Hawaii.

0:16.0

You ever been to Honolulu?

0:17.0

Never.

0:17.5

I didn't think you had.

0:18.6

It's a wonderful place.

0:19.9

Waikiki.

0:23.1

Fantastic. Let's go to Jay, who's hanging out there. Jay, how can we help? Well, thanks for taking my call, gentlemen. I'm calling

0:29.7

because I was recently diagnosed with a very rare and aggressive form of cancer. Oh, no. So sorry.

0:37.4

Yeah. And, you. So sorry. Yeah.

0:38.6

And, you know, I've been, I've worked, I'm on baby step six, just got my mortgage left, no debt,

0:44.5

net worth of little over $2 million.

0:48.3

Good for you.

0:48.8

It's very hard for a long time.

0:50.2

57 years old.

0:52.2

And basically, I have a conundrum here. A part of me thinks that I should

0:58.1

I love my job. I have a great job that I've worked at for the last 28 years. And the part of me

1:05.4

thinks that I should spend the rest of my time and money doing things that I enjoy. And, you know, obviously my life probably,

1:15.6

I plan for many years for retirement and to have a good retirement, and it looks like that may

1:21.3

not happen now. So I was just wondering your thoughts on someone in my situation, what is the priority?

1:28.9

Did you say you were 67?

...

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