Debt vs. Investment: Prioritizing Financial Freedom

This chapter emphasizes the necessity of prioritizing debt repayment before engaging in investment strategies. The discussion includes humorous anecdotes about past financial fads and real stories of financial mishaps, tackling the pitfalls of assets like cryptocurrency. Additionally, it offers practical advice on managing debt, maintaining savings, and evaluating real estate investments amidst fluctuating financial priorities.

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🤔 ⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠

Dave Ramsey and Rachel Cruze answer your questions and discuss:

"What should I do with $100,000 I have sitting in my account?"
"My husband doesn't think I should spend money since I'm a stay-at-home mom..."
"I am $2.5 million in debt. Should I pay it down if it's low interest?"
"I feel guilty moving out if it puts my sisters in a bind financially..."
"Can we afford a $200,000 bus to travel in retirement?"
"My ex-fiancée stopped paying on her car that I cosigned on..."
"Should I liquidate my cryptocurrency to pay off my debt?"
"Our financial advisor is telling us to buy a multi-family property, is this a good real estate investment?"
"How do we split up the expenses for our wedding without combining money?"

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