Is 60% Too Much To Be Investing?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 840 Ratings

🗓️ 27 October 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. I have a question about
0:07.7	budget. I want to know my wife and I are going overkill. So my wife and I, we recently moved in
0:12.5	together. We're relatively recent college graduates. Household income is about 200,000,
0:18.1	taken with about 145. That's post 401k life insurance, health insurance, and
0:22.7	HSA deductions. We have a six-month emergency fund. We have zero debt. And now the goal is for her
0:29.0	to become a stay-at-home mother one day. But up until that day, they discussed goals to invest
0:33.3	my income and live off hers. In other words, I've got 145 that is take home, 85 is mine, and 60 is hers.
0:40.9	So invest 60% of a take home income.
0:43.5	Is that over, Carol?
0:46.0	Your home is paid for?
0:48.6	We do not have a home.
0:49.9	We moved into an apartment together.
0:51.8	Okay.
0:53.3	And you're married? Yes, sir. Okay. apartment together. Okay. And you're married?
0:55.3	Yes, sir.
0:56.0	Okay.
0:57.2	All right.
0:58.8	You said that, but I was just double checking the way, because usually it's kind of like
1:02.8	automatic you moved together once you're married, so I'm just making sure I got this
1:06.6	right.
1:06.9	Okay.
1:09.6	The, um, okay, okay. So the way I would look at this, the way I look at things is based on the data that I have of the studies that we've done and the people that we have worked with over the last 30 years that have built wealth,
	...

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