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Ramsey Everyday Millionaires

Pause Retirement When Switching Careers?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.63.6K Ratings

🗓️ 10 February 2023

⏱️ 4 minutes

🧾️ Download transcript

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, Kristina Ellis, & Jade Warshaw. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

you're listening to Ramsey every day millionaires where we talk retirement building wealth and outrageous generosity

0:13.6

Natalie joins us next in Pensacola Natalie welcome to the show

0:17.9

Hi Ken and George how are you guys doing great? How can we help?

0:21.7

Perfect so my husband and I are on steps four five and six

0:26.3

He is actually leaving active duty military and transitioning to the airlines

0:32.1

He was hired by several of the major airlines. I told super lucky and yeah, we just have some choices, but my question is

0:40.7

A couple months ago we temporarily stopped

0:44.2

Investing to beef up our emergency funds for this career switch and now we got it to where we wanted to be some wondering

0:51.4

Do we continue investing in our Ross IRAs or posit as we kind of navigate these different waters of like paycheck?

1:01.1

I know he'll have a lower paycheck while he's in training

1:07.1

So yeah, I'm not really sure how to navigate this career transition and the money is he is he getting a steady paycheck?

1:16.3

He is right now with the military up until December that'll be his final paycheck and then after that he will be

1:25.9

receiving pay through one of the airlines and they have

1:29.1

It's like half of what he makes right now while he's in training

1:32.7

How long will that be about four months? Okay, so starting in December

1:37.0

There's gonna be a four month period where he's making less money. Are you making any money in that time?

1:41.8

I'm not I say home with my kids great fantastic

1:44.6

Okay, so so can you guys have you already talked about what that budget's gonna look like in those four months?

1:49.7

I presume you have since you on baby steps four five and six you've done this well

1:54.3

Yeah, honestly, we really haven't well let's start there

1:59.7

Okay, here's well here's why we don't need to make a decision

2:05.7

That is up high until we focus on where we are right now

...

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