My Husband & I Disagree On How To Invest

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 13 December 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at ramsysolutions.com
0:10.7	slash invest. You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building wealth, and outrageous generosity.
0:22.9	Sydney is going to kick us off in Huntsville, Alabama. What is going on, Sydney?
0:26.9	Hey, guys. Thanks for taking my call. Absolutely. So I think this is right up Georgia's alley.
0:32.5	My husband and I are in a disagreement about how much to contribute to retirement.
0:37.2	Uh-oh. We're a little background. We have about and I are in a disagreement about how much to contribute to retirement. Oh.
0:38.3	We're a little background.
0:39.3	We have about 420,000 between both of our retirement accounts right now, and then
0:46.3	160,000 in non-retirement savings.
0:49.3	We don't have any debt besides our mortgage.
0:52.3	And then we also have started college funds for our children.
0:55.7	Wow.
0:56.0	He thinks that once we reach a certain point and that number in his mind is about
1:01.5	200, 250,000 per person that we can take our contributions down to 1%.
1:08.7	And I am not for that at all, of course. But yeah, I'm just
1:14.0	trying to... Why 1%? Why not just go to zero, man? Well, I guess his thought is that he can... We're still
1:22.1	contributing something, but when he does, like, the compound interest calculator in 30 years it's still like four million or
1:31.2	something like that okay and he thinks that's going to be enough wow well it sounds like 15% is not
1:36.8	going to damper your lifestyle at this point if you just invest 15% until the house is paid off
1:42.9	then you can invest even more beyond that or give more.
1:45.9	What's the harm in that? It sounds like you guys have a great income.
1:49.7	Well, that's another factor is I, like, am kind of wanting to stay home with our kids.
	...

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