What’s the Point of Investing If I Don’t Plan to Use It?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 6 March 2026

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.8	Josh is in Jacksonville, Florida.
0:16.4	Hi, Josh.
0:16.9	How are you?
0:17.8	Hey, it's an honor.
0:19.1	I'm doing well.
0:20.3	Good.
0:21.6	How can I help? I've been reading a book called The Million Man Next Door.
0:25.6	It's a reference to another book I've been reading.
0:27.6	We're doing a lot of that lately.
0:29.6	And in this book, it's being frugal with your money, which is also something that you preach.
0:35.6	But I got hung up on something in this book
0:38.9	that was referring to investments.
0:41.6	And in the book, it says, when you invest,
0:44.4	and to hold it from being taxed,
0:47.9	you basically wait until you die and you give it to people
0:50.6	so that it's not taxed.
0:52.3	Now, I was wondering, why should I invest in stocks and bonds
0:55.7	if I'm never going to be able to use this money? And if I use it, how can I bring it out
1:00.9	without being heavily taxed? Okay. Well, the book was written in 1992. It's a bestseller,
1:07.1	perennial bestseller. It's a wonderful work. He did the first study of
	...

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