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Ramsey Everyday Millionaires

How Should We Be Investing Right Now?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.63.6K Ratings

🗓️ 24 June 2022

⏱️ 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, 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.

0:13.8

John is with us in San Antonio.

0:15.5

Hey John, how are you?

0:17.0

Hey man, I'm doing good.

0:18.5

Thanks for taking the call.

0:20.0

Better than we deserve, man.

0:21.4

What's up?

0:22.4

Hey, so my wife and I, we were 28 years old.

0:26.3

We got married when we were 20 coming, so at one year of college, it's kind of about

0:31.9

roughly 45, maybe 50,000 in the bank.

0:35.6

28 now, we have no debt, school state off, and we now have about 140 in the stock portfolio.

0:44.2

We have about 63 in the bank account.

0:49.3

We've got about 7 grand in HSA.

0:52.4

We've got a Roth IRA that I started with my old employer.

0:58.0

So we're really just, I guess I technically am just kind of at a point where I'm a bit

1:02.6

bit stifled as just as where we should go financially, where I should reallocate funds.

1:08.3

I don't love that.

1:09.7

The majority of our funds are wrapped up in the stock market, technically 37 of that

1:13.8

140 figure is off to the side.

1:17.2

But yeah, just trying to figure out what would be a responsible thing to do to ensure

1:22.3

that we're protecting the capital gains, but also just move forward in life.

...

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