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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. All right, can we get some questions from our YouTube audience?

And here's a few that kind of earn the same bucket and they are all around this sort of election

season, politics, the economy, investing, what do I do with my money?

So here's a few and we'll kind of pull back the curtain on these.

Should we dial back on investing during a weak economy to have more cash on hand?

Speaking from a lower middle class perspective that does own a home and currently no debt except a car payment.

Should be dial back investing? Yes, I would dial back investing, but not because of economic reasons reasons it's because you have a car

payment that's holding you back and you need to pay that off in case there's a

weak economy I want you to owe no nobody anything so that's part of it, but when I change my investing habits

because of any economic factors, absolutely not. I invest the same when the

market is doing great, when the market's doing poorly, and you can call it dollar cost averaging

which is a simple way to say you invest the same amount every month no matter what's

happening those are the people that win can not the people who jump in and out that's right as they feel the market's

gonna do or it just did and I'm gonna pull the money I'll put it back in those people

always lose in the end well I want to call out what happened this week so we we had a massive, massive shakeup in the stock market on

Monday of this week and then here we are, we're crawling back. In fact I'll pull it up

while we're talking but had you got out after the

thousand point you know loss it was over a trillion dollars lost in one day

had you gotten out you wouldn't be benefiting you wouldn't have a recovery that's

right and you would have got in too late so that's

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