The Ramsey Show There's No Financial Progress Without A Plan
Aug 11, 2025
Explore the emotional complexities of family finances, addressing how to set boundaries with a financially dependent mother-in-law. Discover the balance between life insurance and retirement savings, and the importance of unified financial planning in relationships. Hear practical strategies for managing debt while pursuing fulfilling careers, and the ins and outs of navigating major housing decisions as newlyweds. Gain insights from inspiring stories of couples achieving financial freedom together.
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Stop Triangulation; Talk To Your Spouse
- Talk to your husband and stop letting his mother triangulate you.
- Combine finances and set boundaries that require her to work or pursue independent housing.
Buy Term Life First, Then Invest
- Buy term life insurance now and target about 10–12× your personal income for coverage.
- After coverage, invest 15% of household income into retirement accounts consistently.
Don't Rush Homebuying; Win With A Plan
- Pay off consumer debt first, build an emergency fund, then save a down payment for a house.
- Avoid bank-maxed mortgages and buy a home with a 15-year payment under ~25% of take-home pay.