Pull $100,000 From My 401(k) To Open A Wedding Venue?

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 1 October 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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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.
0:06.0	I have about $100,000 in my 401k. I'm 30 years old and I've been wanting to open up a wedding venue out here in Defiance, Missouri, which is beautiful kind of wine country.
0:23.1	I'm wondering if I should take for my 401k and put some type of equity into this wedding
0:30.6	venue dream that I have.
0:32.2	But of course, I do have some lingering debts and just wanted to get your opinion on do I take for my 401k or kind of
0:40.5	where do I even begin with this?
0:43.8	So what do you do for living now?
0:46.5	I am in supply chain for a defense contractor.
0:49.7	So you're making 100K?
0:52.3	I have a second job.
0:53.7	I work at a bar on the weekend, so I do serve.
0:56.6	So I'm probably about 115.
0:58.8	Okay.
0:59.5	All right.
1:00.2	But your supply chain's 100K?
1:03.0	105.
1:03.7	105, yeah.
1:04.4	Okay.
1:05.6	All right.
1:06.1	And good for you.
1:08.4	Thank you.
1:09.1	And how much debt did you say you have?
	...

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