You're 65 Years Old and You're Broke!

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 842 Ratings

🗓️ 16 October 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here 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. Start budgeting for free today.
0:06.2	Rick is in Boston. Hi, Rick. Welcome to the Ramsey Show.
0:10.0	Hi, Dave. Thanks for taking my call. Sure. What's up?
0:13.5	Well, 65 years old. And I'm wondering if I'll be able to retire at 72 and be okay with my current situation. Okay. What's your
0:24.8	current situation? Okay, well, I'm very healthy and very well in shape. I have a great job. I plan on
0:34.2	continuing to work. I still owe $136,000 on my home.
0:40.2	I would like to have that paid off by the time I do my retirement at 72.
0:47.0	I have a truck, $30,000 on the truck.
0:51.8	And in March of this year, I installed solar on my roof.
0:58.3	I'm not sorry I did that.
1:00.3	That was a $22,000.
1:02.9	I bought it out, right?
1:04.4	$22,000 loan.
1:06.9	I'm sorry.
1:07.3	Is it a loan or did you buy it?
1:10.6	Well, it's through a, I took out a solar loan.
1:15.1	So it's a loan.
1:15.8	Okay, so you're $22,000 in debt on solar.
1:17.8	What else?
1:18.9	Correct.
1:19.8	18 left on that, by the way.
1:21.5	Okay.
	...

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