Should I Stop Investing While the Market Is Down?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 3 June 2022

⏱️ 8 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, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.9	Marys and Hartford Connecticut, hi Mary, welcome to the Ramsey show.
0:18.3	Hi Dave, thank you for taking my call and thank you Rachel for listening in on this
0:24.6	show too. So my question, my husband and I are in our early 60s and thank you to you
0:32.5	and to your plan that we paid off $200,000 in two years by selling things that we were
0:39.8	debt free January one of this year.
0:42.4	Wonderful.
0:43.4	Thank you so much for that.
0:44.4	Wonderful.
0:45.4	Yeah. My question, because we're hoping to retire in the next two or three years, I'm
0:52.2	nervous about investing in my 401k because every time I turn around it's going down and
0:57.4	down and down.
0:58.4	Should I use that money instead?
1:01.4	Just temporarily to help pay off our mortgage?
1:05.6	No.
1:06.6	How old are you Mary?
1:10.8	60s, early 60s.
1:12.8	So yeah, early 60s, yeah, I thought you said 36.
1:16.9	No, early 60s and we make it, we make a good income. We're about 300k before tax.
1:23.8	How much is in your 401k?
1:27.0	I have, last I looked, it was 389,000.
	...

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