The Ramsey Show Money Magnifies What You Already Are
7 snips
Sep 3, 2025 Discover the highs and lows of financial journeys, from tackling student loans and government debt to navigating emotional challenges after losing a loved one. Learn how to manage personal finances with strategic planning, especially when facing life transitions like divorce or relocating. Hear insights on prenuptial agreements in marriages with financial disparities, and celebrate real-life success stories of families going debt-free. Gain practical tips for smart budgeting and the significance of aligning financial values in relationships.
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Don't Touch Retirement To Start A Business
- Avoid borrowing or cashing out your 401(k) to start a business because penalties and taxes destroy your runway.
- Grow a business slowly, prove the concept, and never fund startup risk with retirement funds.
Prove A Venue With JV And Low-Cost Tests
- Test a business idea with a joint venture or a tent before building expensive infrastructure.
- Use a JV with wineries to share capital, prove demand, and option a buyout later.
Negotiate With Government Creditors First
- Prioritize negotiating a payment plan with the Department of Treasury immediately to avoid wage garnishment.
- Put the minimum sustainable payment in place and reallocate other debt-payments until government debt is stabilized.
