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Ramsey Everyday Millionaires

Should I Go All In on Real Estate Investing After Losing My Job?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.63.6K Ratings

🗓️ 13 October 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠⁠ 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, and are disciplined and responsible!  Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: ⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠⁠ ) #PaidEndorsement  📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠⁠)   Listen to more from Ramsey Network ⁠⁠⁠⁠⁠🎙️⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show⁠⁠⁠⁠⁠ 🧠⁠⁠⁠⁠⁠ The Dr. John Delony Show⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠🍸⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Smart Money Happy Hour⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠💡⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Rachel Cruze Show⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠💰 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠🪑 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠📈⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EntreLeadership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠💸⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show Highlights⁠⁠⁠⁠⁠   ⁠⁠⁠⁠⁠Learn more about your ad choices.⁠⁠⁠⁠⁠ ⁠⁠Ramsey Solutions Privacy Policy⁠⁠⁠⁠⁠

Transcript

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0:00.0

This episode is brought to you by SmartVestor.

0:07.7

Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.

0:12.4

Brandon's in Indianapolis.

0:15.2

Hey Brandon, what's up?

0:16.2

Thank you for taking my call, gentlemen.

0:18.4

I really appreciate it.

0:19.3

Sure.

0:19.8

How can I help?

0:25.9

I was, so I worked my way up in a company here in Indianapolis from the bottom and I got to a real high, good high paying position. I did your steps. I won't do to baby step seven.

0:32.5

We were in a great position. I was getting ready to invest in possibly some rentals on the

0:37.1

side and then I was laid off. And I need to know if I'm in a position to possibly do this and make this my dream. I wanted to work myself for a while and kind of get out of the corporate world, or if I'm dreaming and I need to stay in the corporate world. I've turned down two jobs so far, and I just, I'm really not sure what to do. What were you making?

0:55.5

$350,000. Okay. Can you make that again?

0:59.2

No, I won't make that much immediately, no, but there's potential there in a few years.

1:03.7

But you can land on a quarter million, easy, right? Yeah. Okay. So the thing you want to measure against is, okay, if I do real estate and I make 100,000, I've lost 150. Okay. So if we're going to do real estate, we've got to make a quarter million, or we've got to see a way to do that fairly quickly. I don't mind taking a step back as long as I can get back to where we are. But if you think,

1:27.8

okay, I'm going to do flips and I can make $100,000 a year and that's all I'll ever make, I wouldn't do that. No, I'd do flips and go get a job because there's a quarter million dollars on the table. Yeah. I mean, you're, what are you worth is what amounts to? And so how can we get the most value out of you

1:44.6

without you losing your soul, of course, in the process? We're not doing that. But point being,

1:49.9

if you can do something you like with a good, strong company, make a quarter million. But if you

1:55.0

could do real estate and make 300, let's talk about doing that instead, can you? I don't know. I don't think I can't immediately know. No, I mean, it wouldn't be immediately. What are you talking about doing? Investing and flipping, or what are you talking about? Right now I've got about $600,000 cash. Okay. And my goal would be to obviously buy a couple of holes and kind of get the ball rolling there. And I don't need a lot.

2:18.1

I mean, don't even wrong, I don't want to take a huge step back.

2:20.0

But I mean, if you bought two rentals, they're not going to throw off on 600 grand.

2:24.6

I mean, you're going to throw off $6 or $8,000 a month.

2:27.7

Yeah.

...

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