If You Want To Win You Need To Account for Risk

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 11 December 2023

⏱️ 116 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & George Kamel answer your questions and discuss: "My wife doesn't think we can afford to retire," "How do I start paying off debt?" "Should I wait for interest rates to come down?" "My boyfriend wants us to buy a house in cash," "Is it possible to eliminate the national debt?" "How can I best guide my mom & sister?" "I got scammed by my dad," "What should I do with income from my rental?" Following up with a previous caller (Sarah from Nashville), "I'm lost on how to manage my money" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: BetterHelp Zander Insurance Balance of Nature DreamCloud Neighborly Start your EveryDollar Free Account today: Click Here Have more money and less stress with George Kamel's NEW book, Breaking Free From Broke! Find a Ramsey Trusted Real Estate Agent: Click Here Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth,
0:35.3	do work they love, and create amazing relationships.
0:39.2	I'm George Camel here with the man himself, Dave Ramsey. This is your show America. That's my new title,
0:45.8	The Man Himself. I like that. I don't know what Himself is. It's just epic. I'm always
0:50.1	himself now. Legendary. Yeah, who knew?
0:53.2	Wow.
0:54.2	Open phones here.
0:55.2	We want to talk to you about your life and your money at AAA 825-525.
1:00.0	That's
1:05.0	825, 825. What's up man? Okay. Yeah, I'm a long time listener and I'm a long time saver
1:15.2	I was hoping you could answer a question regarding a retirement disagreement between my wife and I I I'm 54, she's 51.
1:24.0	I'd like to retire next year at 55.
1:27.0	I feel like I have enough savings to retire comfortably, maybe possibly do a side gig, and she doesn't feel like we do.
1:35.0	So just asking for some advice.
1:37.0	Well, retirement's not a feeling, so that's at least some consolation to you.
1:42.0	We can look at some facts and data to go, all right, do you have the finances to retire?
1:46.0	Is your nest egg big enough?
1:47.0	How much is your nest egg, dude?
1:49.0	About 2.5, around 2 a half million.
1:52.8	So she needs more than a couple hundred thousand a year to live on?
1:56.0	Uh, apparently so.
1:58.0	What's your current expenses?
	...

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