I’m Worried I’ll Lose Money in the Market

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 22 May 2023

⏱️ 7 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, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:14.6	wealth, and outrageous generosity.
0:18.0	Sully is in Raleigh.
0:19.2	Hi Sully, how are you?
0:20.2	Good, how are you?
0:21.2	Better than I deserve, how can I help?
0:23.2	I was going to ask you about the Roth IRA and 401K.
0:28.8	I'm not a big believer in it.
0:31.2	I just don't know.
0:32.2	I've been always afraid of it because we haven't had a great depression in a long time,
0:38.1	or they economy just goes down.
0:40.5	So I've always been thinking, if I invest my money in it, there's going to come a time
0:46.1	where they economy is just going to collapse and I'm just going to lose all my money.
0:50.1	So I have put it, tried it a couple of times.
0:54.2	I now have like 1,600, but I don't know if I should get back into it.
0:59.8	Okay.
1:00.8	No, you should not get back into it if you believe it's going to collapse.
1:05.2	That would be weird.
1:08.5	The only way you would get back into it is if you got new information that changed your
1:12.1	mind about your conclusion.
1:14.7	I personally think your conclusion is wrong.
	...

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