You Can’t Be Dramatic & Win at Investing

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 27 May 2022

⏱️ 8 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.
0:13.9	Today's question comes from Debbie in Los Angeles.
0:17.0	She said, my husband and I have $230,000 in our 401k.
0:21.6	We switched to a money market plan about seven years ago because we're both in our mid-50s.
0:26.2	Good Lord.
0:27.2	The EFO at his work is now trying to convince him to go back into mutual funds.
0:31.6	He went as far as to tell him that we missed out on $59,000 in 2021.
0:36.2	He's right.
0:37.2	I'm not buying it.
0:38.4	We lost almost all of our 401k in 2008, with this man telling us it would go back up and
0:44.2	to stop watching it.
0:45.6	I don't want to ever watch that train wreck again.
0:48.4	Why would the CFO be pushing for us to risk our retirement fund?
0:53.0	Oh boy.
0:54.9	Where to start with Debbie?
0:56.3	Sweet Debbie.
0:57.3	Sweet Debbie.
0:58.3	Little Debbie.
0:59.3	Little Debbie.
1:00.3	Well, Debbie's got a cake.
1:01.3	Yes.
	...

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