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The Ramsey Show Highlights

"Why Aren't You Working If You're Broke?"

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 16 May 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps ⁠💵 ⁠Start your free budget today. Download the EveryDollar app! - https://ter.li/446mhy 🏘️ Find a Ramsey Trusted Real Estate Agent - ⁠https://ter.li/ko6rqk⁠ 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or⁠ click here!⁠ Listen to more from Ramsey Network 🎙️⁠ The Ramsey Show⁠  🧠⁠ The Dr. John Delony Show⁠ 🍸⁠ Smart Money Happy Hour⁠ 💡⁠ The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ ⁠🪑 Front Row Seat with Ken Coleman⁠ 📈⁠ EntreLeadership⁠ Learn more about your ad choices. ⁠https://www.megaphone.fm/adchoices⁠ ⁠Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.9

Well, I'm 64 years old.

0:09.2

I have no retirement.

0:11.3

I work a commission job.

0:13.3

I've built a insurance agency, passive income to some degree.

0:18.5

And my question is this, that I'm living paycheck to paycheck right now with no retirement.

0:25.1

What do I need to do with my stocks, which I have no control over, will start holding value?

0:35.1

That value should come in.

0:37.3

They're telling us when we go public,

0:40.1

somewhere at $15 to $30 a share with what I have. After paying the 40% tax, I believe that is what

0:46.8

it is. You're looking at about $600 on the low end to $1.5 on the high end that I will get

0:53.7

when I cash those stocks in.

0:56.1

And when is this?

0:57.2

What would I do?

0:58.9

Like, Dave, that's a problem.

1:01.5

We were being told it could happen in a year.

1:05.0

Could happen in three years.

1:07.1

So the insurance agency that you're a part of is going to go public?

1:14.5

The IMO that we are part of.

1:17.2

I own my own agency with under the IMO.

1:21.3

The IMO is going to go public.

...

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