The Ramsey Show

Don't Let Debt Happen To You—Face It Head-On

Dec 31, 2024
Dive into gripping family dynamics as they explore a caller's distressing situation with a manipulative sister. Discover strategies for dealing with hefty consumer debt, including bankruptcy options. Hear about the challenges of workplace ethics and navigating unsafe work environments. Young listeners get empowered with financial literacy tips for budgeting and investing. Lastly, the conversation emphasizes the need for open financial communication in relationships and the importance of setting personal boundaries.
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ANECDOTE

Inheritance Theft

  • Olivia's sister exploited their sick mom, stole Olivia's inheritance, and disappeared.
  • She took control of the family business, sold their mom's house, and kept the ashes.
ADVICE

Legal Recourse?

  • Olivia should consider preserving her peace and finances instead of pursuing legal action against her sister.
  • Legal recourse might be expensive and futile due to a lack of documentation.
ADVICE

Investing for Young Adults

  • Start investing in a Roth IRA in a growth stock mutual fund.
  • Consider a Roth 401k after starting a career, contributing 15%.
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