Distinguishing Between Living Costs and Lifestyle Choices

This chapter explores the complex relationship between cost of living and lifestyle choices, particularly in expensive cities like New York. It emphasizes the necessity of life insurance as a safeguard for families against the financial impact of losing a primary earner.

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📈 ⁠⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠ 📱 Watch the full episode for free in the Ramsey Network app.

Dave Ramsey and Ken Coleman answer your questions and discuss:

"How can I stay afloat since my husband stopped making child support payments?"
"We keep going into the red every month. What should we default on?"
"Should I disclose my net worth to my wife? I'm afraid of her bad spending habits getting worse"
"Is it true that 85% of shares in the stock market are owned by three major companies?"
"Should we move or remodel our house due to my wife's disability?"
"My husband and I are in the process of separating, how do I support myself financially after the divorce?"
Discussion of the stock market recovery.

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