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The Ramsey Show Highlights

What Should We Do with $500K in Savings?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 18 November 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Ramsey Call of the Day, part of the Ramsey Network.

0:11.0

Angela is in Austin, Texas.

0:12.9

Angela, welcome to the Ramsey show.

0:15.1

Hi, how are you?

0:16.2

Doing great.

0:16.8

How can we help?

0:18.7

Well, this is, here it is.

0:22.2

My husband and I, we've been debt-free for a number of years.

0:27.9

And we have a lot of money in the bank right now, and we need to move it because it's approaching to a very big number.

0:36.2

How big is this number?

0:38.5

It's 500 plus.

0:40.9

$500,000, just sitting in your bank account.

0:44.3

Yes.

0:45.0

Wow.

0:45.2

And he works for the government.

0:49.1

He's a civilian.

0:50.8

And so we have income.

0:52.5

I'm retired military.

0:53.6

We have income coming there. we wanted to buy a business

0:55.9

this last two years the COVID hit so we're reluctant to even invest in anything even even real

1:01.7

estate because right now we're trying to basically just be mobile wherever that is and you don't

1:09.0

want to be tied down correct correct so you know we're now we're empty You don't want to be tied down?

...

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