The Ramsey Show

Budgeting Leads You out of Debt & Into Wealth

4 snips
Apr 29, 2025
The hosts tackle intriguing relationship dilemmas, including whether a partner's lack of ambition is a dealbreaker. They discuss smart strategies for debt, like moving in with family to save money, and explore the complexities of handling inherited wealth. Advice flows on buying classic cars and preparing for retirement while balancing luxury spending with financial responsibility. The importance of communicating financial goals in relationships is also emphasized, providing a blend of humor, insight, and engaging listener questions.
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ANECDOTE

Boyfriend Not Working Dealbreaker

  • Jenny is a surgeon making up to $500k but her boyfriend refuses to work or contribute financially.
  • Dave Ramsey and Rachel Cruze say her boyfriend's lack of effort is a dealbreaker despite her ability to pay.
ADVICE

Avoid Big Renovations Early

  • Avoid heavy renovations on unproven business ideas especially when young.
  • Rent a space and focus on the core business before dealing with real estate.
ADVICE

Retirement RV Purchase Advice

  • Pay off your car and mortgage with retirement savings if over 59½ to be debt-free.
  • Rent a high-end RV instead of buying a used one to avoid maintenance hassles.
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