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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Up first we have Lisa in Clarksville, Tennessee.

Hey Lisa, welcome to the show.

Thank you for having me.

Absolutely, how can we help?

Hi, I'm 54 years old I have no debt I paid off all my

student loans credit cards in my house in my car. Wow I have 76, I'm sorry, 72,600 in the money market and I want to know how to start investing.

All right, that's good. So are you currently investing any of your paycheck every month when you get paid?

No ma'am I am not we don't have that option at our at my job. Okay so they're not offering like a

employee-sponsored 401k. That's okay. You can still

start investing 15% of your income today by just investing in a Roth IRA, right? So is it just

you or your husband?

You're single.

Okay. So yeah, you're technically, I mean you've gone beyond, you know,

Baby Step 4, 5, and 6 because you've paid off your house but let's go back to

baby step four right quick and jump that one in place which is 15% every

single month in your case yeah I just start with a Roth IRA you could start

there and max it out I think you can do 7,000 this year and if you have money to go beyond, above and beyond that, we can look into what that means for you. But that's the first place to start. So that's thing number one.

And then, since you've got this big chunk

of money sitting in this money market account,

I would differentiate what's going to be your three

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