The Ramsey Show Normal Is Broke—Don't be Normal!
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Oct 28, 2025 Rachel and Jade tackle various financial dilemmas, from the pitfalls of whole life insurance to managing debt while preparing for life changes. They offer insights on navigating significant decisions like buying a home or a better car. Listeners receive advice on confessing financial secrets to partners and still saving for a down payment while planning a wedding. The duo emphasizes strategic budgeting for job loss and unexpected expenses, making it clear that normal financial habits might just be what's holding you back!
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Ditch Whole Life; Use Term And Invest
- Cancel whole-life policies and replace them with term life after securing coverage for your family.
- Invest the freed cash into Roth IRAs, 401(k) up to match, and index funds to reach 15% retirement savings.
Pay Cash For Cars, Avoid Payments
- Avoid car loans; buy cars with cash and upgrade gradually by saving.
- Use insurance payouts to replace cars temporarily and keep paying down debt until you can pay cash.
Use IDR To Gain Firepower On Loans
- Reduce student loan payments via income-driven plans only to free cash you will apply to debt.
- Keep a $1,000 starter emergency fund, then throw the freed money at the smallest loan first.
