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Most people call into “The Ramsey Show” buried in debt, determined for a plan. But Cheyenne, a 55-year-old widow from Arizona, had a totally different drawback: she was debt-free with $400,000 saved — and was paralyzed with worry about investing it.
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“My money is just sitting in the bank,” she admitted on an episode titled “I Have $400,000 and I’m Afraid to Invest Any of It.” Dave Ramsey did not even ask the price — he assumed it was the typical 1%. “You can’t leave $400,000 sitting at 1%,” he said. “That’s why you called.”
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Cheyenne defined she’d talked to two financial professionals and accomplished her analysis, but saved hitting ethical roadblocks. “I just didn’t want to invest in a McDonald’s or a Pepsi or some kind of chemical farming,” she said. “I want to put my money where my heart is.”
But her greatest worry wasn’t just ethics — it was dropping it all.
She advised Ramsey about a buddy who lost $80,000 in one month. “That just feels so out of control for me to put it somewhere where I have no control.”
Ramsey did not maintain back: “Your friend was investing in some kind of high-risk something to lose $80,000 in one month. Or she has two million dollars invested — one of the two.”
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He defined that the “market” could imply anything — from wild hypothesis to sluggish, regular growth. “You don’t have the stomach for it,” he advised her. “You’ve attempted to gain enough knowledge to get some peace and it hasn’t worked.”
So he urged real estate.
“If you had a $400,000 property that someone rented for $3,000 or $4,000 a month, you’d be making a whole lot more than the bank.”
But Cheyenne had tried that. She owned two properties during the pandemic and did not get pleasure from it. “I didn’t lose, but it certainly wasn’t worth it.”
So if real estate wasn’t the reply and conventional shares felt morally off-limits, what was left?
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