Dag
Appearances
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
Hi, Jay and Ken. Thanks for taking my call. I've been listening to you guys for a few months or several months and just love everything you guys are doing. Thank you. So I'm heading in the direction of my retirement from my primary career, probably in the next as early as three years, but could push that out a little bit. So I'm looking at the sunset of my retirement.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
uh, my main career and what I'm looking to, you know, I'm doing it as a second career. And then also, you know, building some wealth in that I've already paid off. I'm, I kind of flip flop baby five and six, uh, paid off the house. So now I'm bolstering the college account for the kids and then trying to build some wealth tools. Um, and I'm, I'm playing it really conservative.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
We've got some money in high yield. Um, I'm just looking for a little direction in a couple of those areas as my sunset of my career kind of approaches.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
Yeah. Okay. Yeah, and I've been in public service as an emergency responder for, And just that, you know, the length of that career is wearing and tearing on the body a little bit. All right, let's just dive in there.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
It probably has something to do with teaching similar to the field. So basically shifting my knowledge and experience into some kind of teaching environment for to the new up-and-comings, whether it's through my teaching LLC or at a local community college, certainly an option. I don't have a teaching credential, so I have to go down that route.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
And I do do that currently. So it's getting out of the emergency response side of things, kind of the wear and tear of the 24 and 48-hour shift. Right.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
A municipality, essentially.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
And I've put quite a bit of money away to pay for my stepson's college. And my goal is to have that a hundred percent by the time I retire. Okay. And, but then I have some, some extra in there that, you know, I know that I can do better with that outside of a high yield. How much extra? And it just, I would say in the hundred-ish range, I'd be maybe comfortable with freeing up out of there.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
Oh, that's the amount you'd be comfortable freeing up?
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
What gives you pause about that? Say that again, I'm sorry.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
I think part of it is a good portion of the money I've saved, a little bit of it was inheritance, probably about a third of that.
The Ramsey Show
Stuck in a Financial Pit? Here’s How to Climb Out and Stay Out
And I just want to be... I kind of treat that as it's not really, yes, I received it in inheritance, but it's not really my money. No, it's yours. It is, but yeah, I just... Can you imagine if I gave Jay a gift and then took it back the next day?