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Ramsey Everyday Millionaires

Using F.I.R.E. To Retire Can Lead To Regrets

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 17 July 2023

⏱️ 10 minutes

🧾️ 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

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0:00.0

This episode is sponsored by Smart Vester.

0:07.2

Connect with an investing pro for free at Ramsey Solutions dot com slash invest.

0:15.2

You're listening to Ramsey everyday millionaires where we talk investing, retirement, building

0:19.7

wealth and outrageous generosity.

0:22.1

Now, how do I know how many of you have heard of the fire movement?

0:26.5

Some of you are going, whoa, where is this going?

0:28.8

What does this have to do with money?

0:30.6

Well, that's an acronym, George.

0:32.1

It stands for financially independent, retired early.

0:37.9

And you know about all these things.

0:39.2

You're Mr. Financial Trend.

0:40.9

Nothing gets over on you.

0:42.2

I've read the blogs.

0:43.2

I've seen the tweets.

0:44.2

You've seen it all.

0:45.2

And so this is a movement where people essentially work themselves to almost exhaustion and beyond.

0:53.6

And the ideas in their 20s and 30s, they're working like crazy, sock and everything away,

0:59.0

saving, living on way less than they make, something that we obviously love.

1:03.8

But they have no life.

1:05.4

And the idea is that they never work again, which is counterintuitive to what I believe to

1:10.9

be true, what we at Ramsey Solutions believe that you were created to work, to contribute,

1:16.1

if you will.

...

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