The Sunk Cost Fallacy Explained

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 5 April 2023

⏱️ 7 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	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.
0:18.0	Banshee's in Sen Bernardino.
0:19.7	Hi, Angie, welcome to the Ramsey show.
0:21.7	Hi, hi, Ms. J. Adhae, Ms. Ramsey.
0:24.1	We're an honor to talk to you both.
0:25.5	Thank you so much for taking our call today.
0:27.6	Our pleasure.
0:28.6	How can we help?
0:29.6	I'm hoping you can help us out.
0:30.6	My beautiful husband and I cannot agree what to do with a rental property that we have.
0:35.8	My hobby is pretty concerned about the capital gains and the great capture of depreciation
0:40.8	that we would have to pay if we sell it.
0:43.9	And I, on the other hand, I think it's a really good time to sell.
0:47.1	And I think this money would change our lives.
0:49.5	We would pay off our home.
0:51.0	We would invest a little more in our raw off and maybe do a small home renovation.
0:59.8	So, and eventually, like you mentioned before, you read the menu from left to right.
1:04.3	I can't wait to get there.
1:06.3	So, we are humbly asking for your opinion.
1:10.4	I should disclose something and no pressure.
	...

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