The Ramsey Show If You Want To Be a Millionaire, Do What Millionaires Do
16 snips
Dec 10, 2024 Explore strategies for recovering from bankruptcy and the importance of building an emergency fund. Discover how to manage student loans and the debt snowball method for financial momentum. The hosts discuss emotional challenges in financial decisions and stress the significance of reassessing spending habits. Gain insights into navigating business partnerships and the implications of significant life changes on financial planning. Finally, learn the importance of mental resilience and communication in achieving financial well-being.
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Debt Snowball
- List debts smallest to largest, excluding your home, and attack the smallest aggressively.
- This creates momentum and is crucial, especially when dealing with large amounts of debt.
Recovering from Bankruptcy
- After bankruptcy, analyze past mistakes and avoid repeating them.
- Rebuild confidence by working hard, saving cash, and pursuing career goals.
Roth 401k Conversion Rights
- Employers cannot selectively deny Roth 401k conversions if they offer both.
- Contact HR or a higher authority if wrongly denied.
