The Ramsey Show You Can’t Outearn Your Stupidity
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Oct 22, 2025 The hosts tackle intriguing questions about personal finance. They discuss whether using credit cards for rewards is worth the risk of overspending. Listeners learn the balance between paying down debt and saving. The importance of being cautious before moving in with a partner is emphasized. The debate between 529 plans and mutual funds for kids' college funds offers valuable insights. They also weigh the pros and cons of renting out your main home versus living in a separate space. A mix of practical advice and personal anecdotes keeps the conversation engaging!
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Test Rewards Against Real Spending
- Stop using credit cards to chase points without calculating the true cost in overspending and fees.
- Try a debit-only experiment for a year to see if you naturally spend less and save the difference.
Credit Lowers Spending Friction
- Paying with credit cards reduces emotional friction, which causes people to spend more unconsciously.
- Rachel Cruze warns that banks profit from those overspending patterns and that avoiding cards can be freeing.
Secure Income Before Career Change
- Pay off the car loan now and rebuild your emergency fund before starting school or changing careers.
- Be proactive at work: ask for a different role or use the income to save for nursing school.
