This Is What You Should Do With a Million Dollars

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 14 February 2024

⏱️ 8 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	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Will is in Atlanta.
0:24.0	I will, how are you?
0:26.0	Good, how are you, Dave?
0:27.0	Better than I deserve.
0:28.0	What's up?
0:29.0	About two months ago, my grandmother passed away
0:32.0	and I received about a 1.1 million dollar inheritance.
0:37.6	Wow!
0:38.6	Sorry for your loss and thrilled for your
0:43.0	wonderful what a wonderful thing she did that's amazing you're the only grand kid
0:47.4	no I'm one of two grandkids each of you got one 1.1? Yes. Way to go, Granny. Wow. But my point today was, how do I make, I'm 23 years old I was I was just calling to find out how do I make the
1:09.3	absolute most of this so this is a little bit intimidating to you. Yes. Good. That's a good
1:16.9	sign that means you're wise. If you were having a whoa whoa at the lottery moment it
1:21.4	would mean you're a child and so I'm glad you're a
1:24.6	little bit and that's a great it should take your breath away a little bit this kind of
1:27.6	fear is the beginning of wisdom so way to go it's a good fear I don't want you
1:31.8	be panicked or anxiety-ridden or anything fear. I don't want you to be panicked or anxiety ridden or anything like that,
1:34.1	but I do want you to be aware. I just got behind the wheel of a car that is way more powerful than anything
1:40.5	I've ever driven, and I need some driving lessons. That's what you're aware of. Good for you. So proud of you. Good. Good. Good. Good. Good. Okay. First thing is keep that mindset. Second thing is
1:53.7	never put money in something you don't understand.
	...

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.