The Ramsey Show Highlights I'm 61 With No Retirement
Sep 18, 2025
A listener named Jenny shares her financial struggles at 61, with only $22,000 and no retirement savings. After her divorce, she and Dave explore solutions to rebuild her income. They discuss practical options like transitioning careers, exploring self-employment, and even turning hobbies like cooking and upcycling furniture into income sources. The conversation is both enlightening and empowering, showcasing the possibilities that come with creativity and determination.
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Fix The Income Problem First
- Increase your income to solve the core problem rather than only cutting costs or stressing.
- Focus career efforts on finding work or self-employment that raises monthly cash flow quickly.
Income Stabilizes Fear And Options
- Stress and fear about money often stem from insufficient cash flow, not just savings shortfalls.
- Solving income stabilizes emotions and opens practical options for retirement planning.
Consider Self-Employment That Fits Limits
- Consider self-employment to control hours and accommodate physical limits like bad knees.
- Dream up roles that use your skills and let you work more hours at higher pay.
