The Ramsey Show Make Money Choices Today That You Won’t Regret Tomorrow
Feb 6, 2025
Listeners hear real-life struggles in job searching, particularly after major life changes like divorce. The hosts explore financial windfalls and the best options for housing, balancing emotional ties and practical choices. They discuss saving for children's education with 529 plans, including flexible approaches to financial planning. Insights into the complexities of relationships and shared finances highlight the need for open communication. The risks of multi-level marketing ventures are evaluated, urging caution for those seeking quick financial relief.
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Networking for Jobs
- Focus on networking and relationships to get job interviews, not online applications.
- Ask your network for connections at companies or to people who can introduce you.
Managing Finances During Job Search
- Avoid going into debt to buy another rental property.
- Keep the current rental and put extra money in a high-yield savings account or index fund.
Managing $1 Million Windfall
- Avoid becoming a landlord when you can pay cash for a house.
- Sell your current house and buy a new one with cash instead of managing a rental property.