We're Debt Free With $100,000...What Do We Do?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 19 January 2022

⏱️ 6 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, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Katie is with us.
0:15.0	Katie's in Grand Rapids, Michigan.
0:16.0	Hi, Katie.
0:17.0	How are you?
0:18.0	I'm good.
0:19.0	How are you done?
0:20.0	Better than I deserve.
0:21.0	What's up?
0:22.0	My husband and I are 30 years old.
0:25.0	We typically stay between $20,000-$30,000 a year.
0:29.0	We've kind of just been, yeah, we've kind of just been holding onto that cash.
0:34.0	We're in the middle of a fixed-bear-oper.
0:36.0	We've, we've talked daily about starting a business, such as a thing.
0:40.0	But we had purchased the house when we first got married, that we had turned into a rental before the pandemic.
0:48.0	And then with the increase in the real estate market, we over-double their money by selling it.
0:56.0	So we paid off the mortgage of the fixed-bear-oper house that we're living in now.
1:01.0	Great.
1:02.0	And we still have, yeah, we still have about $100,000 in cash, though, which is an excellent problem to have.
1:08.0	Yeah, really?
1:09.0	But, no, I know.
	...

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