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The Ramsey Show Highlights

I Feel Aimless With My Money

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5840 Ratings

🗓️ 30 March 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.5

I'm a really good spot. I'm 37. I have a network probably about 1.3, two properties.

0:14.0

Each of those properties does have a mortgage, one's at 200, one's at 250, my primary house.

0:20.2

The other one is rented at a pretty good profit.

0:23.9

My life circumstances have changed a bit.

0:26.5

I had twins, you know, and thinking about, yeah, I've had a couple of blessings come into

0:32.3

my life.

0:33.7

Changes things.

0:34.7

Life obviously had to stop working.

0:37.3

But right now I'm at a crossroads where I'm debating what to do.

0:42.3

I've seen all the money we've printed and inflation and definitely a little bit. I have money invested in the stock market.

0:50.3

I'm pretty cash heavy at the moment and debating what to do with that cash.

0:54.4

Do I have 3.75 rates on both my properties and 25 on one and 20 years left on the other.

1:02.1

No other debts, no credit card, got rid of all my, paid off all my student loans, paid off all my cars,

1:07.9

pay cash for pretty much everything now.

1:09.6

I put in solar, paid cash for that.

1:12.9

What's the balance on the mortgages?

1:14.9

200 on the rental property, that's cash flowing about 1,200 a month, and that's after paying,

1:23.5

paying the mortgage and all that, and then $250,000 on the house that I live in.

1:28.7

So how much cash you're setting on?

1:32.0

Cash, so outside my like IRAs, IRAs are at about $450.

1:37.6

My actual cash on hand is flush cash is about 80 with another 50 kind of just invested in the market.

...

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