There Are No Shortcuts To Building Wealth
The Ramsey Show
How Much Life Insurance for Young Children?
Kenny asks about $150k policies for kids; hosts explain life insurance replaces income, recommend term policies on parents, not large kids' policies.
🤔 Can an online will work for you? Take this quiz to find out! Jade Warshaw and Rachel Cruze answer your questions and discuss:
- "I'm in $60,000 of debt, how do I pay it off?"
- "The government shutdown is effecting my husband's paychecks, should we jump to Baby Step 3?"
- "Should I pay off my student loan debt before I buy my house?"
- "I was able to get out of debt while still enjoying my lifestyle, did I complete Baby Step 2 correctly?
- "Is "house hacking" a good idea?".
- “How can I feel blessed by my husband’s gift giving when it comes from our finances?”
- “How much life insurance should we have on our kids?”
- “Should we use the money we set aside for taxes to pay off debt?”
- “How do I get out of over $30,000 of debt?”
- "We just got married and are in over $40,000 of debt."
- "How should we approach paying this off?"
- “Does it make sense to keep our more expensive health insurance so that we can access our HSA investment options?”
- "My husband doesn’t make much money, how can I inspire him to get a higher paying job?"
- “How do couples merge their finances when they disagree on how money should be allocated?”
- “How much should I spend on a car?”
- “I paid for my sister’s house. How should we title the home to protect ourselves in case something happens to her?”
- “Should I keep hustling or slow down to spend time with my family?”
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Explore more from Ramsey Network:
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🍸 Smart Money Happy Hour
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💰 George Kamel
🪑 Front Row Seat with Ken Coleman
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