The Ramsey Show Slow and Steady Beats Get Rich Quick
13 snips
Sep 15, 2025 The discussion emphasizes the importance of balanced financial planning, particularly regarding investments and property management. Listeners ask about selling loss-making rentals, managing debt, and preparing for a growing family financially. The hosts tackle the emotional weight of financial decisions, like selling sentimental jewelry and the complexities of navigating finances with aging parents. They also explore how job loss affects family stability and the best strategies for maintaining a healthy budget during challenging times.
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Sell Long-Distance Rentals That Lose Money
- If a rental is long-distance, losing money, and a hassle, sell it and invest the equity instead.
- Use the sale proceeds to eliminate headaches, boost savings, or invest for passive growth.
Sell Unwanted Gifted Jewelry Strategically
- If jewelry was gifted to be sold, convert it to cash and use local jewelers, auction houses, or online marketplaces to maximize proceeds.
- Expect offers roughly 30%–60% of appraised retail value and check completed sales for comparable pricing.
Use the Debt Snowball and Knock Out Small Balances
- Use the debt snowball: attack the smallest non-mortgage balances first to gain momentum and motivation.
- Communicate with lenders (e.g., lease buyouts) and stack extra payments to convert leases into owned assets faster.
