I Have $500K in the Bank I’m Afraid To Invest

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 13 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.
0:13.9	Cheyenne is with us in Arizona.
0:16.1	Hi Cheyenne, welcome to the Ramsey show.
0:18.8	Hi Rachel and Dave, thank you for having me.
0:21.9	Sure, what's up?
0:22.9	I have a question.
0:23.9	I'm 55, a widow, I'm out of debt, and I have about $400,000 just sitting in the
0:29.8	bank.
0:30.8	I am one of those investment-resistant people.
0:35.1	I feel like it's out of my control.
0:39.4	I have did a deep dive into trying to invest and talk to two different people who were financial
0:45.2	people and got very deep in what they were recommending to me.
0:48.8	But as I was researching it, there'd be something there that I just want to invest in.
0:53.2	I'm a McDonald's or a Pepsi or some kind of chemical farming or things like that.
1:01.0	I've downsized my lifestyle.
1:03.6	I've been a medical person for 30 years, so I'm semi-retired.
1:07.1	I could go back tomorrow and do that.
1:09.0	Income's not a problem.
1:10.9	I just would like to know what your opinion is.
1:15.0	Someone like me, if you think, oh my goodness, it's not growing.
1:18.6	I have a friend that just lost $80,000 in the last month, a whole year of her income based
	...

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