Ramsey Everyday Millionaires How Do I Start Investing?
8 snips
Jan 5, 2026 Mac, a debt-free Chicago caller with a hefty cash reserve and maxed Roth 401(k), seeks practical investing advice. He reveals he has $110,000 in savings and is curious about how to invest it wisely. The hosts confirm his solid financial foundation and suggest keeping cash for a house down payment. They recommend maxing out a Roth IRA and investing in a diversified mix of mutual funds. The conversation also covers accepting market risk while steering clear of speculative investments like crypto.
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Keep 401(k) Contributions And Preserve Cash
- Keep contributing 15% to your Roth 401(k) while you decide what to do with extra cash.
- Hold excess savings in a high-yield account until you're ready to buy a home or invest long-term.
From Debt To A Solid Emergency Fund
- Mac reported having a $25,000 emergency fund and no debt after calling the show four years earlier with debt.
- He used disciplined savings to become debt-free and build an ample emergency fund.
Cash Gives Real Estate Flexibility
- A large cash balance can serve as a strategic down-payment fund for future high-priced housing markets.
- Holding cash gives flexibility to make large offers or big down payments when you decide to buy.