The Ramsey Show

You'll Never Build a Strong Future On A Shaky Foundation

Jul 23, 2025
Discover the best ways to teach financial responsibility to kids and the importance of real-life experiences over theory. Navigate post-divorce finance and the complexities of managing debt in a troubled marriage. Hear personal stories of overcoming massive debts and making tough career decisions. Discuss handling unexpected windfalls and the implications of financial infidelity. Learn strategies for effective budgeting and the transition from debt to financial peace. Explore the challenges of family business and home ownership amid uncertainty.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Teach Financial Responsibility with Failures

  • Give your adopted daughter enough money to fail without catastrophic consequences.
  • Use give, save, and spend buckets as teaching tools and monitor her progress like a coach watches a player.
ADVICE

Protect Finances During Divorce

  • In divorce, protect your finances by moving money to accounts your ex can't access.
  • Avoid keeping a house that's unaffordable; rent instead to preserve cash flow.
ADVICE

Avoid Fake Side Hustle Courses

  • Beware internet courses selling nonexistent side hustles like 'loan signing agent.'
  • Pursue side hustles with real income potential like tutoring or pet grooming instead.
Get the Snipd Podcast app to discover more snips from this episode
Get the app