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Ramsey Everyday Millionaires

What Should I Do With a Settlement?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.83.6K Ratings

🗓️ 21 August 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 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, and are disciplined and responsible!  Next Steps: 💵 Start your free budget today. Download the EveryDollar app! 🏠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. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights 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 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. So that's good.

0:23.0

Go to Greenville, South Carolina and talk to Laura.

0:25.0

Hey Laura, what's up?

0:27.0

Hey, how you doing today?

0:28.0

We are rocking on to the break of dawn, Laura.

0:30.0

What's up?

0:31.0

Awesome, I'm glad to hear that. Well, I'm calling 25 years old. I live in Greenville, South Carolina,

0:40.0

and about last year I got into a really bad wreck, was in the hospital for a few days.

0:45.0

Long story short, I'm finally getting some settlement money,

0:48.5

and I just want to be financially responsible with that amount of money that I'm receiving.

0:54.4

And so just trying to figure out what I should have invested in, what should I do?

0:59.8

Laura, we are cheering you on. Thank you. You got hurt bad and you came back from it didn't you? I did. I sure did. How are you today? Are you back to 100%? Yes, I'm great doing well.

1:13.0

Working full time?

1:14.0

So, part time.

1:17.0

Okay.

1:18.0

Yeah. Are you in school?

1:19.0

No, I graduated a few years ago.

1:24.0

What are you doing for work?

1:26.0

So I work part time as a server, and then I have a small business on the side.

1:32.0

Is it a hobby or is it a business?

...

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