Should I Invest Extra Money or Keep It in Savings?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 3 May 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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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 & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey everyday millionaires, where we talk investing, retirement, building
0:14.6	wealth, and outrageous generosity.
0:18.0	Tabatha is waiting in Savannah, Georgia Tabatha.
0:21.2	Welcome to the Ramsey show.
0:22.2	Hey, Georgia, John, how are you all?
0:24.5	We're doing great.
0:25.5	How can we help?
0:26.5	We have started working with a Smart Vester pro to start our retirement contributions
0:32.0	for moving forward for our life.
0:34.1	We are debt-free.
0:35.1	Other than our mortgage, we have our emergency fund.
0:38.6	We have set aside an extra $10,000 break car funds.
0:42.2	It's both of our cars are seven years old.
0:45.7	So we are just wondering, we got the questions from our Smart Vester pro on if we wanted to
0:50.7	max out our Roth RAs for 2022 since we can do that through this tax even.
0:57.7	We are torn on the, like torn on what we should do.
1:01.8	We do have the money over our emergency fund.
1:05.4	We just are unsure because we are emotionally attached to the extra money we have set aside.
1:12.0	Wow.
1:13.0	Is this money special to you somehow?
1:15.0	It's just a piece of mine.
	...

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