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The Ramsey Show
Slow and Steady Is the Best Way To Build Wealth
Sep 9, 2024
Joining the discussion are Jade Warshaw, a financial expert specializing in debt management, and George Kamel, a financial advisor known for practical personal finance solutions. They tackle pressing questions like whether to invest in marriage counseling or pay off debt. The duo debunks credit score myths, emphasizes the importance of budgeting, and discusses the better path of debt-free living. Their insights on balancing financial health with relational well-being provide a fresh approach to navigating shared financial responsibilities even amidst challenges.
01:28:16
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Quick takeaways
- Investing in marriage counseling is deemed crucial for a solid partnership, which ultimately supports long-term financial stability.
- Avoiding credit card usage can promote better spending habits, aiding in the pursuit of financial security by discouraging unnecessary debt.
Deep dives
Investment in Marriage Counseling
A couple in Baby Step 2 faces a decision about using a $19,000 inheritance for marriage counseling or paying down debt. The speaker suggests viewing marriage counseling as an investment, emphasizing the importance of a strong partnership for a stable financial future. They discuss the potential benefits of ongoing counseling versus a large one-time investment in an intensive program. While acknowledging the couple's existing debt of $96,000, the speakers advocate prioritizing emotional health alongside financial goals.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode