You Don’t Become a Millionaire by Investing Borrowed Money!

Ramsey Everyday Millionaires

Ramsey Network

Investing, Business, Careers

4.6 • 3.6K Ratings

🗓️ 11 September 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 Smart Vestor.
0:07.2	Connect with an investing pro for free at RamseySolutions.com slash invest.
0:15.2	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:23.0	Coming up is Jackson Michigan, Mike's on the line, hey Mike, how are you?
0:27.6	Good, Dean, how about you?
0:28.6	That'll be your show.
0:29.6	Better than we deserve, sir.
0:30.9	How can we help?
0:32.5	Good question for you.
0:33.6	I am retired.
0:34.4	We are retired and we have no debt.
0:37.4	And we're purchasing a new car.
0:39.1	We could pay cash for the new car.
0:41.8	If we could get a financing deal and we can invest that same amount of money in CDs
0:46.9	or that same period of time, what's your recommendation?
0:50.6	Pay cash for the car.
0:51.7	Or pay cash for the car or don't buy it.
0:54.8	Okay.
0:55.6	Yeah, okay.
0:56.6	Here's the thing.
0:57.6	Okay.
	...

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