The Ramsey Show Change Starts Today. Don’t Wait Till You’re 65 and Broke
22 snips
Aug 20, 2025 Listeners are encouraged to take control of their financial futures at any age. Health insurance discussions highlight the necessity of informed choices to avoid unexpected costs. The importance of transparency in marriage is emphasized in managing finances together. They explore strategies for handling debt, including gambling issues and the benefits of life insurance. Navigating unconventional income paths, like reselling, is discussed as a viable option. Finally, the speakers unveil exciting live events, inviting engagement and shared learning.
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Aggressively Prioritize High-Interest Debt
- Leave the biweekly mortgage plan and attack unsecured debt using the Baby Steps method immediately.
- Throw at least $2,000+/month at non-mortgage debt, finish it in about a year, then build a 3–6 month emergency fund.
Cultural Myths Lead To Retirement Poverty
- Reaching 65 with debt and no savings is a cultural outcome of normalized credit, rewards programs, and delay of responsibility.
- Dave warns younger listeners this is a cautionary example: don't accept societal myths about always needing credit or 'air miles.'
Choose High-Deductible Plans And Use An HSA
- Keep health insurance but switch to a high-deductible plan with an HSA to lower premiums and capture tax benefits.
- Maximize HSA contributions and maintain an emergency fund to cover the higher deductible before tapping HSA funds.
