If You Do This You’ll Be a Multimillionaire

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 28 August 2023

⏱️ 10 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	This episode is sponsored by Smart Vestor.
0:07.2	Connect with an investing pro for free at RamseySolutions.com slash invest.
0:15.2	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:22.8	Christopher is in Bangermain.
0:24.6	Hi Christopher, welcome to the Ramsey show.
0:26.6	Hey, how are you guys?
0:28.1	Great man.
0:29.1	What's up?
0:29.9	So I have a question, first of all, about 25 years old, I'm 25, I have no debt, and
0:36.2	I have about 13,000 in a brokerage fund in a total stock market, 500 index.
0:41.9	I also have 15,400 in savings, and I just opened a Roth IRA with about 1200 in it.
0:49.9	And because I don't own a house, and I have no debt, I feel like I can invest more than
0:55.6	just maxing out my Roth IRA.
0:58.5	So my first question is, do you think that I should take the tax it up front and take
1:02.9	my money, I like brokerage, to put it in the Roth, or if I should keep it in, say, save
1:07.0	for a house, and also what I can do with extra income, how I can invest that.
1:12.2	What's your income?
1:14.2	Right now it's a little sporadic, I'm a debt can on a boat.
1:16.5	It could be anywhere from two to two grand, a 3500 a month.
1:21.5	What do you make in a year?
1:23.4	With this, maybe 30 or so.
	...

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