Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
Gentlemen, ladies and gentlemen, meet Steve.
So now, um, so you understand that through 3.5 invested in good growth stock mutual funds, if it averaged 10% would be 350 K. Yeah.
Income that it produces without touching the nest egg.
Right.
Which is twice what you make now.
I guess that, you know, there's still some years it's going to be up, some years it's going to be down.
What do I do in the down years?
Use some of it.
Yeah.
Okay.
So the down years very seldom are below 5%.
Find a time that the stock market made under 5%, the number of times in the last 30 years.
Hardly ever.
Right.
Okay?
Right.
Like maybe two.
And so you use a little bit of the 3.5 maybe, but maybe don't take the whole 350 off.
Maybe take 200 off and let it grow by 150 to cover the down years.
Right.