How To Invest During a Down Economy

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 2 May 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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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.
0:14.0	Kevin starts off this hour in Saginaw, Michigan.
0:17.0	Hey, Kevin, how are you?
0:19.0	I'm good.
0:20.0	How are you?
0:21.0	Better than I deserve.
0:22.0	What's up?
0:23.0	I'm having such a quick question.
0:25.0	You and my wife are moving in the babysit, 4, 5, and 6.
0:28.0	I paid off all our bills.
0:29.0	This is past March and question about 4, 5, and 6 is both federal employees.
0:36.0	I also have a military pension spent 25 years in the Army.
0:40.0	And we both have 5% go into TSP just to get that matched.
0:47.0	And I was wondering because TSP, we've lost about 10% over the last six or eight months.
0:54.0	Should we work on paying off the home early instead of going up to 15% or do both?
1:02.0	I guess.
1:03.0	And this is probably to increase our TSP to 15% that we're just going to keep losing in that extra 10 that we're going to throw in.
1:15.0	I don't know what you're invested in in the TSP, but the C-Plan is not down 10% in the last six months.
1:21.0	So we have each of us have 60 and the C and 240 and S.
1:28.0	And that's down 10%.
1:29.0	I think you're exaggerating.
	...

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