When should I start investing? (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 13 February 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ken Coleman & George Kamel answer your questions and discuss: "Should I start investing at 14-years-old?", The affordability of a spouse staying at home, "Should we sell our car?", Zoom layoffs, Pulling from savings to pay medical bills, Moving out of state, from the blog: Ramsey Cost of Living Calculator Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Well done.
0:29.4	Live from the headquarters of Ramsay Solutions, broadcasting from the POTS movie and storage studio.
0:34.4	This is the Ramsay Show.
0:36.4	So, where we talk about your life, your money, your work, and your relationships, I'm Ken Coleman.
0:41.4	Joy by George Campbell this hour, the phone number is AAA825.
0:45.4	5225, AAA825, 5225.
0:50.4	Let's go to Winchester, Virginia, in the Shannon-Doah Valley area, I believe, George.
0:55.4	Well done.
0:56.4	Yeah, you know your geography.
0:57.4	I'm a Lumber, Virginia, so I hope I got that right.
1:00.4	If I know where Winchester is, Peter is on the line.
1:03.4	Peter, how can we help?
1:05.4	Hey, so I'm 14 and I have $8,500 sitting in the bank.
1:11.4	I was wondering how much I should invest and if this is a good time to invest.
1:15.4	Wow.
1:16.4	How does it make the $8,500 young Peter?
1:19.4	Well, I am a little league umpire and I do a lot of side hustles.
1:25.4	I run a lemonade stand in the summer and a hot chocolate stand in the winter.
1:31.4	That's fantastic.
1:32.4	Brilliant.
1:33.4	How long have you been a little league umpire?
1:37.4	This is actually my first season.
	...

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