The Ramsey Show Stop Watching the Market—Start Building Wealth
13 snips
Apr 4, 2025 The hosts tackle the importance of staying calm during market fluctuations and focusing on long-term wealth-building strategies. A listener bravely shares her experience of financial betrayal, highlighting the struggle of rebuilding trust. They explore effective budgeting techniques and debunk common tax myths that hinder financial literacy. Inspirational success stories remind listeners of the power of proactive money management. Tips on balancing debt with saving for a family provide practical advice for those navigating financial challenges, all while encouraging empowerment and resilience.
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Scammed and Scared
- Michael from Charleston, WV, shared how a family friend scammed her out of an $8 million settlement.
- She received a malpractice settlement but is now afraid to invest.
Rebuilding After a Scam
- Sell the camper and pay off credit card debt.
- Build an emergency fund and invest the rest with a SmartVestor Pro.
Investing on a Teacher's Salary
- George Kamel advises Jill, a teacher, to budget based on gross income, not net, when planning for 15% investing.
- He clarifies that her pension contribution counts towards the 15%.
