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The Ramsey Show Highlights

We’ve Lost $1M Over the Last 10 Years

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 2 December 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Ramsey Network app.

0:05.1

Download today to go further with Ramsey.

0:08.3

My problem is my husband was out of work for two years.

0:11.9

He invested in something that just didn't work out.

0:14.5

And so he had to go back and get a job.

0:18.9

And we put all our life savings everything retirement everything into it so

0:23.7

oh gosh Stacy yeah yeah what happened how much are we talking and what was this investment

0:29.3

so um he actually um invented a product and it's still underway and EPA just kept putting it back

0:37.3

and putting it back and putting it back

0:37.9

and putting it back. So it's kind of stuck with California's EPA and he just thought it would

0:45.7

be like, oh, this will be a five-year plan. Me, I'm more realist. I'm like, this is going to take

0:51.1

at least 10 or 11 years. Well, I was right. And it's not

0:55.4

fun of being right. And so he had to go to job. He's 61. Nobody wanted to hire him. And he's a

1:01.9

smart guy. Somebody finally did hire him. He's making $135,000 a year. Good. And how much money did you

1:07.9

guys take? How much money went into all of this?

1:15.6

Um, we put a million into it.

1:18.9

Was this cash or did you take on debt?

1:24.0

No, we took everything out. Yeah. So you still owe a million dollars in debt?

1:36.9

No, no, no. We don't. Thank God. We only owe, um, we only owe, um, we only owe $80,000 in debt. We have a house. Um, it's, um, did he borrow on the house at all?

1:43.8

No. Okay. No. We kept up separate. I'm, I'm, How long ago was this?

1:49.3

Well, we've been in it for about 10 years, 11 years, yeah.

1:53.3

So over the course of that amount of time, it added up to a million.

...

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