The Ramsey Show Go Slow: Never Invest in What You Don’t Understand
Feb 26, 2025
Discover the fears and challenges of buying a home, including unexpected costs and negotiation hurdles. Dive into personal philosophies on generosity, emphasizing intentional giving as an investment in communities. Learn about the ethical implications of owning multiple properties amid housing shortages, and uncover the financial strategies behind wise investments. Enjoy inspiring stories of financial freedom and the emotional aspects of managing money within relationships, revealing the key to achieving debt-free living.
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Chapters
Transcript
Episode notes
Negotiation Tactic
- In negotiations, don't be afraid to walk away.
- This can make the other side more willing to concede, like including appliances.
Generosity Budgeting
- Budget for generosity like any other financial goal.
- Find organizations you believe in and give consistently.
Investing Principles
- Go slow with investments and only invest in what you understand.
- Find a SmartVestor Pro who teaches, not dictates.