How Should I Invest My Money? (Hour 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 7 April 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I drive Uber for work but need to sell my car", "How does capital gains tax work?" "Should I invest in company stocks?" "How do I budget getting paid 5 times a year?" "Can I afford a $130,000 car?" Support Our Sponsor: Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Music
0:26.9	Live from the headquarters of Ramsey Solutions, broadcasting for the Pots
0:31.8	Moving and Storage Studios. It's the Ramsey Show where we help people build
0:37.2	wealth, do work that they love and create actual amazing relationships.
0:42.8	Jade Washer, Ramsey Personality is my co-host today, open phones at
0:46.9	AAA 825-5225. You jump in we'll talk about your life and your money.
0:53.5	Joricksa is with us in Boston. Hey Joricksa, what's up?
0:58.6	Hi, thank you for taking my call. Our pleasure. How can we help?
1:03.9	So I was just doing a show for a while and I was starting to save and trying to get
1:09.3	out of debt and doing a lot of stuff and obviously I had to have a fine as a
1:12.8	car so I was thinking about it but not willing to but then I had an insurance
1:17.0	problem and they realized or I realized that I had points on my life and a lot.
1:21.5	So my insurance went up to 600 a month plus my car now up to like 450.
1:29.7	Your insurance went up to 600 a month? Yes. Why?
1:37.3	I have five points on my life and I didn't realize until I updated my
1:42.1	life and find insurance. Okay, wow. So now the penalty is 35 months for it.
1:52.1	So I have that and then I have my car pay now which I know was kind of stupid.
1:56.8	It's 450. So my idea was to get rid of a car because my kids
2:03.7	are distant wreck and walk them and then get the only issue is I work in my
2:10.4	car. I do Uber but I just feel like it's not worth it anymore so it would make
2:14.1	more sense for me to get a real job or something else I guess and I won't have
2:20.7	a car but I have the T-station across from my house.
	...

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