A Past Gambling Problem Is Haunting His Financial Future
The Ramsey Show
Psychology of Debt and Choosing Momentum Over Math
Hosts explain that getting debt-free quickly builds momentum and that math differences are marginal versus winning freedom.
🤔 Can an online will work for you? Take this quiz to find out! George Kamel and Dr. John Delony answer your questions and discuss:
- “My friends are telling me to pay off my truck but I’d rather just keep paying the payments”
- “What’s the best method for throwing cash at my various loans?”
- “How do I get out of a life insurance policy that I’ve already invested in?”
- “Should we buy a home or prioritize investing at our age?”
- “Should I take out a HELOC to pay for my kids’ private high school tuition?”
- “How do we start the baby steps when we’re $150,000 in debt?”
- “Should I buy an older cheap car or just get a new one?”
- “We are in our 70s, should we spend $35,000 to go to Europe?”
- “How do I best use a $200k bonus?”
- “How can I encourage my father to make wise, biblical decisions about his estate?”
- “Should we rent or buy once we move?”
- “How much house can we afford?”
- “I’m making $250,000 a year but can’t afford a home in my area. Where should I be saving my money?”
- “It would take over ten years to pay off our debt. Do the baby steps still work for us?”
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