Understanding Fair Trade and Personal Responsibility in Financial Decisions

This chapter explores the principles of fair trade in financial decisions, emphasizing the importance of personal accountability. It also delves into the dynamics of a family managing debt and differing financial goals, highlighted by a caller's personal experience.

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📈⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠

Dave Ramsey and Ken Coleman answer your questions and discuss:

"As a single mom of 2, how do I pay off $130,000 of debt?"
"Should we sell an annuity while in Baby Step 2?"
"Should we use our stocks to throw $150,000 at the mortgage?"
"I'm 70 and don't have a will or a trust. Which is the best option?"
"When should I prioritize starting my own business?"
"We're receiving $50,000 in cash for our wedding. What should we do with the leftover cash after the wedding?"
"What do I do with the inheritance my ex-husband left me?"
"Is rent-to-buy a good way to accelerate home ownership?"
"Should I file for bankruptcy?"
"How can I protect my investments from being used for spousal long-term care?"
"How do I possibly get my wife on the same page when it comes to cutting our expenses?"
"I lied to my husband about our business's finances until it was too late. How can I make this right with him?"
"Should I use my 401(k) to do updates to my home before selling it?"
"I'm 39 and living paycheck-to-paycheck. How do I get out of this?"