I Paid Off My House and Don't Know What To Do With the Extra Money!

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 8 September 2021

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.2	John is with us in Tampa, Florida.
0:16.4	Hey John, how are you?
0:17.8	I'm Bill Welday.
0:18.8	Thanks for taking my call.
0:20.4	Sure.
0:21.4	What's up?
0:22.4	So, if you like events, I was able to pay my house off, assuming what I expected, which
0:29.2	left me with a surplus in my emergency fund.
0:33.5	Would that be, instead, should I adjust my emergency fund and invest?
0:39.2	What I say, and just, should I adjust it down?
0:42.4	Because now obviously I don't need as much, because I don't have any bills, everything's
0:45.8	paid for, and invest, do you remember that?
0:49.7	Well, yeah, it should be three to six months of expenses, and what you're saying is
0:55.1	with house paid off, you got an Ardlinging expenses, right?
0:58.8	I literally have zero expenses.
1:01.5	No, I mean, you have food, and lights, and water, and insurance, and you get a trickle
1:06.6	on all that.
1:07.6	Yeah, just a basics.
1:09.9	And then on the flip side, I also drive a 20-year-old car, and so I've also considered
1:16.0	maybe purchasing a new car one day, obviously not in this market, but in the near future.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.