Why Should I NOT Get A Reverse Mortgage?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 21 March 2022

⏱️ 3 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, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Ben is in Dayton, Ohio.
0:15.4	Hi, Ben.
0:16.4	How are you?
0:17.4	I'm well.
0:18.4	Now, are you better than I deserve?
0:19.9	What's up?
0:20.9	Well, I wanted to first start off by saying that my wife and I are 25 and we're on baby
0:28.0	set seven, thanks to your tools, so thanks to you and the people for all the help.
0:32.0	Congrats, Ben.
0:33.0	That's awesome.
0:34.0	Good job.
0:35.0	Well, thanks.
0:36.0	Just I'll keep a brief so I can respect your time for funny money investing or investing
0:42.7	that's less than 10% of your net worth.
0:45.8	What is your opinion on two times and three times leverage S&P 500 index funds?
0:52.7	I don't borrow money, so I don't leverage anything.
0:55.0	No, I'm sorry, not borrowing money like a leveraged account, but like an index fund that
1:02.3	mimics two times what the actual index does.
1:06.4	Oh, oh, oh, oh, oh, okay.
1:09.0	I thought you were leveraging into this fund.
	...

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