When Do We Stop Investing and Start Giving?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 14 March 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Corey's going to start us off, John, in Detroit, Michigan.
0:16.9	Corey, how can we help today?
0:18.5	Thank you for taking my call.
0:20.3	You bet. What's going on?
0:21.8	My wife and I are kind of trying to think in the future, and we know that our wealth is going to be
0:26.3	significant, and we're just trying to figure out when do we start to give.
0:29.8	Yes.
0:32.6	Tell us about this wealth.
0:35.2	We know we're going to be wealth.
0:36.9	They give us a picture of what's going on and when it
0:38.8	happens. We're currently at around 900,000. And my life and I are teachers, so we have a pension
0:45.3	as well. He's about 320 in Roths. We have 210 and our 457s. We currently max out our Roth, our 457s every year, and then we have
0:58.6	two additional properties besides their single residents. And those are paid for? Yes. So what's your
1:05.0	net worth? 900? Around 900. Okay. So what is the question? I love how John answered. He's absolutely right.
1:11.2	So what is the specific giving strategy or question marks you have around this?
1:18.7	What are you pondering?
1:20.3	So we live comfortably as we are and as we're saving and our kids' colleges are taken
1:25.1	care of and our goals like are set.
1:28.5	And we know we'll achieve our goals. The question question is, like, when do we stop building our wealth and when do we
1:32.1	start giving it away? What if it's both and?
	...

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