THIS Is How You Become A Millionaire In America Today

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 15 May 2024

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign-up for EveryDollar today - The simplest way to budget for your life! Dave Ramsey & Rachel Cruze answer your questions and discuss: "Should I improve the property that I'm renting from my family?" "Should I wait for my ex to pay off debt in my name that he was court ordered to pay?" How to know if you should keep repairing a vehicle or if it's time to upgrade "How do I use EveryDollar with irregular income?" A caller that finds out on air that he's finally a millionaire "My boss hasn't paid me the last three pay checks but I'm concerned the company will go under if I leave" "I have $360k in debt, just found out I'm having a baby, and I don't know what to do" Rabbi Daniel Lapin joins to discuss his new book, The Holistic You "I'm restarting my life after a divorce - can I afford to put 10% down on a house?" Support Our Sponsors: Christian Healthcare Ministries Yrefy Zander Insurance Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📈 Dave Ramsey's personal playbook on investing and real estate. 📘 Beat debt and build wealth with the new The Total Money Makeover Updated and Expanded 20th Anniversary Edition! 💰 Enter the $3,000 Ramsey Cash Giveaway today! Enter daily to increase your chances of winning weekly $500 prizes or the $3,000 grand prize. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build wealth, do work that they love, and create actual amazing relationships.
0:27.0	Thanks for joining us America.
0:29.6	We're so glad you're with us. Rachel Cruz, number one best-selling author, Ramsey Personality, and
0:35.2	host, co-host of the Smart Money Happy Hour, Ramsey Network production is super popular.
0:40.4	My daughter is my co-host today. Open phones at AAA-2-5.
0:45.0	5-225.
0:47.0	Jacob starts this hour in Oklahoma City.
0:50.0	Hi, Jacob, how are you?
0:52.0	I'm good. How are you are you Dave better than I deserve what's up so I'm 25 my
0:58.9	wife is 28 we have about 13,273 in debt.
1:05.0	We are going to pay that all off by December.
1:09.0	In July, we will be moving into my grandfather's home, where he is going to let us pay rent to him,
1:20.0	but we will basically be able to take all the money that we pay in rent and put it back into the property.
1:26.0	The property sits on about an acre and then has surrounding 40 acres of pasture.
1:32.0	And we would like to start farming and ranching. surrounding 40 acres of pasture.
1:35.7	And we would like to start farming and ranching
1:38.6	sometime next year. Currently, we make about $92,000 a year, but sometime next year my day job will give me a race to about $100,000 a year.
1:49.6	I work for my parents' briefing company and I will basically be taking over the company.
1:56.0	So at that point I'm just kind of baffled because I've got so many blessings going on in our life.
2:04.0	It's a lot of responsibility to take on.
2:07.0	But my big question is, what should I do with the extra money that I'm going to be making?
2:13.0	Should I put that toward the ranch?
	...

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