Should I Open a Brokerage Account for My Investing?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 14 April 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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 & 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

Click on a timestamp to play from that location

0:00.0	The 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.
0:17.8	Joe is in Houston to start off this particular hour.
0:21.4	What's up, Joe?
0:22.4	Hi Dave, I'd gade.
0:23.4	It's a pleasure to speak with you both.
0:25.2	You too, sir.
0:26.2	How can we help?
0:27.2	Yes, sir.
0:28.2	I've heard you mentioned that you don't advise someone to open a brokerage account if
0:32.7	their mortgage isn't paid off.
0:34.4	I've been listening to you for a while now.
0:36.5	My question is, I'm on baby step 45 and six, and I'm trying to invest 15% of my income.
0:42.8	I'm maxing out my 401k at my work.
0:44.7	I'm also maxing out Roth IRA for myself and my life.
0:49.0	My question is, what's the extra percentage I have?
0:53.1	Do I open a brokerage account and just put it in mutual funds or should I just tell the rest
0:56.8	of my mortgage?
0:57.8	You can just throw it.
0:58.8	You're not up to 15% by doing all of that?
1:01.5	No, sir, because our income's approaching by three or a day.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.