The Ramsey Show Everyone Makes Financial Mistakes – Don’t Let Yours Define You
May 22, 2025
Listen in as Jade and George tackle real-life financial dilemmas, from handling a bridge loan to managing divorce-related finances. They share their biggest financial mistakes and discuss the complexities of retirement planning with a spouse. The conversation even dives into the ethics of selling a loved one’s engagement ring. Along the way, hear humorous insights on financial habits and the importance of budgeting. Whether negotiating debt or planning for a home sale, this chat offers valuable lessons for navigating tricky financial waters.
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Bridge Loan: Negotiate and Stay Flexible
- Negotiate with lenders for bridge loan extensions when your house hasn't sold.
- Keep your propertyopen for multiple offers to avoid losing potential buyers due to contingencies.
Financial Priorities Facing Terminal Illness
- Prioritize enjoying life and being with loved ones over financial stress in terminal illness.
- Don't accumulate crippling debt; let debts be handled by estate and creditors after death.
Underinsured Car Accident Scare
- George Kamel shared his mistake of being underinsured in a car accident, facing a huge lawsuit.
- It led to a massive financial scare that taught him the importance of proper insurance coverage.