The Ramsey Show

Short-Term Thinking Keeps You From Building Long-Term Wealth

Jun 18, 2025
This discussion dives deep into the challenges of financial management within strained relationships, highlighting the impact of addiction on budgeting. From weighing the merits of cashing out crypto to navigating the complexities of prenuptial agreements, the hosts explore tough personal finance scenarios. They also tackle homeownership concerns, offering strategies for financial stability and effective budgeting amidst life transitions. Insightful tips on tipping etiquette and managing family loans add a relatable touch to this enlightening exploration of personal finance.
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ADVICE

Handle Addiction By Controlling Money

  • If you suspect a spouse's addiction impacting finances, take control of the money to protect your family.
  • Pay off large debts only when you have control; otherwise, it might worsen financial mismanagement.
ADVICE

Use Gifts To Buy Affordable Homes

  • Use gifted money from family to buy a modest, affordable home rather than investing.
  • Make a significant down payment and aim to pay the house off quickly for long-term financial freedom.
ADVICE

Cash Crypto For House Down Payment

  • Consider crypto as speculation, not investment, due to volatility.
  • Cash out crypto gains to put a large down payment on a house for financial stability.
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