Broke Is Normal—Do You Really Want to Be Like Everyone Else?
The Ramsey Show
Deep Dive
Why did Allie's mother keep the $100,000 life insurance policy a secret from her for years?
Allie's mother kept the policy a secret because she was afraid Allie would misuse it, which is illegal as the custodial rights dissipate at 21.
Why does Dave Ramsey think Allie shouldn't feel obligated to share the inheritance with her half-sisters?
Dave Ramsey believes Allie shouldn't feel obligated because her half-sisters helped out of love, not for financial gain, and the father specifically left the money to Allie.
Why did John from Kentucky feel guilty about his wife's expensive Christmas gift?
John felt guilty because he's focused on paying off debt and thought the $850 his wife saved for his Lego Millennium Falcon could have been used to pay down their remaining $8,000 debt.
Why does Dave Ramsey advise against using an emergency fund for vacation when expecting a child and planning to buy property?
Dave Ramsey advises against it because a vacation is not an emergency, and using the emergency fund could leave the family vulnerable when the wife stops working and the baby arrives.
Why does Dave Ramsey recommend Chris to focus on piling up cash instead of financial goals when his wife is battling cancer?
Dave Ramsey recommends piling up cash to ensure they can cover any medical expenses, make good memories, and have a financial buffer for the future, given the uncertain prognosis.
Why does Dave Ramsey advise Emmanuel to sell his $56,000 car immediately and get a $5,600 car instead?
Dave Ramsey advises Emmanuel to sell the car to get out of debt quickly and to avoid relying on others, especially his mother-in-law, while also focusing on getting a job and setting boundaries.
Why does Dave Ramsey suggest not to use a credit score to rent an apartment?
Dave Ramsey suggests that a credit score is not necessary because many apartment complexes will rent to people without one, often requiring a higher deposit instead.
Why is Dave Ramsey's advice to Rick against taking a mortgage when they have enough savings to pay for the house in cash?
Dave Ramsey advises against it because taking a mortgage is a financially irresponsible decision when you have the savings to pay in cash, and it could lead to resentment and a sense of failure.
Why does Dave Ramsey believe that charging interest to a brother is wrong but not through a bank?
Dave Ramsey believes the scripture refers to usury, not interest, and banks are institutions, not individuals, so they don't have the same moral responsibility as a brother.
Why does Dave Ramsey advise Zachary to keep working the baby steps despite being laid off?
Dave Ramsey advises Zachary to stay on track with the baby steps, using the layoff and fear as motivation to finish paying off debt and not to deviate from the plan by building an emergency fund out of order.
Shownotes Transcript