I'm 47 and Afraid I Won't Have Enough To Retire!

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 10 January 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, Christy Wright, 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	Angie in San Francisco starts off this hour.
0:16.6	Hi Angie, welcome to the Ramsey show.
0:18.8	Hi, thanks for taking my call.
0:20.9	Can you hear me okay?
0:22.2	Absolutely, what's up?
0:23.7	Perfect.
0:24.7	Okay, I really appreciate taking my call.
0:26.9	I've been listening to you for about the last year and so I have a question for you Dave.
0:32.4	My husband and I are both 47 years old.
0:34.4	We have no debt other than our house which will be paid off next year.
0:39.6	But we got a really late start in life as far as just even making any money.
0:45.7	So we have been saving 15% into our retirement that we found you.
0:52.6	So I have my question is I'm wondering, I hear you say all the time to people that are
0:57.6	younger like oh gosh, you're going to have so much money.
1:00.2	You know what's your house is paid off.
1:02.2	I'm just wondering if it's going to be true for us at our age.
1:05.6	If I can just tell you what we have saved so far in retirement.
1:09.7	Okay.
1:10.7	We have 20,000 in the emergency fund and that's just sucked away.
1:17.8	I have 80,000 in a traditional IRA that was from like a, it was a job for 1K and I just
	...

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