The Ramsey Show Skip the Scams, Build Real Wealth
Apr 7, 2025
This discussion features a caller from Oklahoma City facing the dual trials of emotional and financial turmoil from a custody dispute. Listeners will learn about the importance of strategic investments and the pitfalls of scams, particularly in cryptocurrency. The conversation highlights the need for transparency in financial decisions among partners and explores how ethical investments align with personal values. It also touches on the triumphs of a young couple who successfully navigated their way to millionaire status through disciplined budgeting and teamwork.
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Aggressive Legal Strategy
- Get a meaner, smarter lawyer to handle your custody case.
- Consider a more aggressive legal strategy or walking away entirely.
Diversification over Ethics
- Diversified mutual funds outperform small stock portfolios, regardless of ethical considerations.
- Single stock portfolios lack the diversification needed for stable, long-term growth.
Stock Market Mechanics
- Buying stocks doesn't directly fund the company unless it's an IPO or treasury issue.
- You're buying from another seller on the stock market, not directly from the company itself.
