"You Should Fire Your Tax Advisor"

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 31 January 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Rick's in Columbia, South Carolina.
0:16.4	Hi, Rick.
0:17.0	Welcome to the Ramsey Show.
0:18.4	Thank you, Dave.
0:19.3	What's up?
0:20.0	I'm 47, and I'd like to retire at 55, and I'm not sure where to go yet.
0:25.6	I thought I was pretty fiscally responsible, and then I started to listen into you in 2022,
0:32.5	and realize I wasn't as smart as I thought I was.
0:35.3	So I'm going to ask for help.
0:40.4	Oh, my goodness. Okay,
0:47.7	cool. So how much debt have you got today? The only debt I have is I've got a company truck where I got a three-year loan and it's $1,500 a month, but I get reimbursed $1,100 to $1,700, depending on how many miles I drive from my company.
0:57.1	You get that whether you have a car payment or not.
0:59.9	Correct.
1:00.6	So, yeah, I need to get that truck paid off, and then they still give me the same amount.
1:04.6	But the truck has to be, it can't be more than three years old, so I have to buy it.
1:08.5	So you have to systematically keep money
1:10.9	moving that direction so you can upgrade the truck periodically
1:14.7	but no more payments yes the program is independent of debt it does not
1:19.4	require debt yeah you just used it to justify that so um okay so we're gonna
1:24.6	clear that now what uh... what's your nest egg looking like in your 401K?
	...

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