The Ramsey Show Normal Is Broke and in Debt. Do You Want To Be Normal?
Jan 30, 2025
The hosts tackle critical financial questions, including whether it's too late to save for retirement at 60 and the pros and cons of investing in Bitcoin. They provide practical advice for wedding budgeting and navigating debt, emphasizing the importance of budgeting and communication with partners. The conversation also touches on the volatility of cryptocurrency, strategies for private vehicle sales, and the importance of making informed housing decisions in a competitive market. Listeners are encouraged to take charge of their finances and seek genuine guidance.
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Late Retirement Savings
- Invest the majority of savings in a growth stock mutual fund or index fund for a 10-12% average return.
- Consult a financial advisor to understand your investment strategy and ensure it aligns with your goals.
Covering Wedding Costs
- Take on a side hustle like Instacart or Uber Eats to quickly generate extra income.
- Sell personal items or offer services to friends to reach financial goals.
Bitcoin Investment
- Diversify investments instead of putting all funds into a single asset like Bitcoin.
- Prioritize investing 15% of income in proven retirement plans before speculating.
