The Ramsey Show No Matter Your Income, You Have To Know Where Your Money Is Going
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Aug 22, 2025 In this engaging discussion, listeners learn how to assess valuable belongings like coin collections and find trustworthy appraisers. There's advice on improving financial situations through debt cleanup and budgeting. The hosts tackle emotional spending, making informed large purchases, and balancing career growth with family life. They explore financial independence while maintaining strong family ties, strategies for retirement accounts, and share inspiring success stories of overcoming debt. Overall, it's a valuable mix of practical financial wisdom and personal experiences.
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How To Get Coins Properly Appraised
- Find a reputable local coin dealer, jeweler, or coin-collecting hobbyist to appraise the collection in person.
- Avoid pawn shops and consider online dealers only if you can securely ship and insure the coins.
A Simple Affordability Test
- Use the burn-test: if losing the purchase wouldn't affect your life, you can afford it.
- Prioritize generosity and investing before discretionary spending on luxury goods.
Eliminate Truck Debt Fast
- Pay off vehicle debt now or sell the vehicle to eliminate the payment immediately.
- Rebuild your emergency fund afterward rather than borrowing from retirement accounts.
