Where Should I Invest While Saving for a Home?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 January 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

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, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. 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. 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. Jared is in Milwaukee.
0:24.0	Hi Jared, welcome to the Ramsey show.
0:26.0	Thanks.
0:27.0	Sure, what's up?
0:28.0	I've got some cash stash to sign for eventually a house purchase.
0:35.0	Right now I'm 23 years old renting an apartment. I'm single. I make about 90,000 a year. My monthly rent is right around $1,000 and I've got around
0:48.6	$270,000 saved up for a house. I just don't know.
0:54.0	You are a stud, man.
0:56.0	Way to go, I'm so proud of you.
0:59.0	Thanks.
1:00.0	You know how weird that is, right?
1:02.0	Not really? It's weird. It's a good weird. When I call
1:05.7	you weird around here it's a compliment because normal's broken stupid in
1:09.1	America, okay? You don't want to be normal. You're amazing man way to go. Thanks
1:14.9	275,000 where is it under the mattress? It's it's all the bank.
1:19.6	That's good. Right now it's making about 4% not bad that's okay so I mean in all
1:28.6	reality that 4% covers my monthly rent right now I just don't know if there's a better route better
1:35.8	plan better something that I can use that money for to make more.
1:39.8	What's your timeline when do you think you're gonna to do the do the house purchase?
1:43.2	Probably in the next three years. Okay. All right. Well here's the number here's some
	...

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