Is There a Better Investment Option Than CDs?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 3 June 2026

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.4	All right, Patrick is down the street here in Nashville, Tennessee.
0:16.7	What's going on, Patrick?
0:18.3	Hey, how are you doing today?
0:20.0	Great. How can we help?
0:21.8	Great. So I'm 26 years old, and I just landed a job straight out of college with that degree.
0:28.1	I make about $73,000 a year.
0:31.1	I don't have any credit card debt. I do owe on a vehicle, and I've got about $63-ish $4,000 saved in a CD account and in savings.
0:41.3	Okay.
0:42.3	And my CD account is about to renew here in the next month.
0:45.3	And I'm really just wanting to know is there somewhere else I can put my money to really let it grow?
0:51.3	And then how can I start to utilize these savings for the future?
0:56.5	Great questions. You're doing really good at 26. What is left on your debt? What's the balance?
1:03.5	So I only owe 25, just shy of $26,000 on a vehicle. Only? That's a lot of money where I came from.
1:13.1	It is.
1:13.9	It is.
1:14.6	And I'm more than willing to pay it off and I'm comfortable paying it off right here right now.
1:20.2	Do it.
1:20.6	Do it while you're on the phone with us.
1:21.8	Prove it.
1:25.0	I've been putting it in the works.
	...

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