The Ramsey Show Make Sacrifices Today To Achieve Your Financial Goals
Oct 3, 2025
In this engaging discussion, various callers share their personal finance dilemmas, ranging from single parents tackling daycare debt to couples longing to invest post-student loans. Dave Ramsey and Rachel Cruze provide actionable advice on necessary sacrifices to meet financial goals. They explore special needs trusts, tips for managing variable incomes, and the balance between saving and spending, especially for newlyweds with big plans. Listeners walk away with practical strategies to navigate their unique financial challenges.
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Plan For A Higher-Paying Career
- Increase your long-term income by planning the career that will get you to a higher salary and work backward from there.
- Turn multiple small levers now: a part-time job, family babysitting, church help, and targeted training to bridge to better pay.
Invest 15% Using Roth And Small-Business Plans
- After debt freedom and buying a home, invest 15% of household income toward retirement using Roth vehicles.
- For solopreneurs use a Roth IRA, SEP IRA or SIMPLE plan to reach your retirement savings target.
Use Life Insurance To Fund A Special Needs Trust
- Don’t pause saving to fund a special needs trust; instead fund it via life insurance beneficiary instructions.
- Finish Baby Step 3, keep building wealth while naming a trust beneficiary in your will and life insurance.
