Learn the Power of the Magical Word, “NO”

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 18 November 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱Watch the full episode for free in the Ramsey Network app. Dave Ramsey & George Kamel answer your questions and discuss: "My parents have no retirement savings and are expecting us to help," "How can I diversify my investment portfolio?" Should I freeze my credit? "My husband thinks we are too broke to have a baby?:" "Should I keep my Universal Life insurance policy?" Jimmy Darts on how fun it is to give money away (follow him at @jimmydarts) Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for18% off at The Nokbox 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🎄 You could win $5,000 in the Ramsey Christmas Cash Giveaway! Enter today. 🩺 Find the Right Health Coverage During Open Enrollment 💵 Start your free budget today. Download the EveryDollar app! 🎁 50 days of Christmas deals are here! Get 30% off meaningful gifts. 🎟️ Get Tickets to the Money & Relationships Tour Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	Live from the headquarters of Ramsey Solutions, it's the Ramsey show, where we help people build wealth, do work that they love
0:24.8	and create actual amazing relationships. Number one, bestselling author and host of the George
0:32.2	Campbell show, a big hit on YouTube on the Ramsey Network. Mr. George Campbell himself is my co-host today.
0:39.4	Open phones here as we talk to you about your life and your money.
0:42.9	AAA 825-5-225 is the number.
0:47.1	AAA 825-5-2-2-25.
0:49.8	The call is free, and some say the advice is worth exactly what you pay for it.
0:55.2	Megan's going to start us off. Megan is in New Orleans. Hi, Megan. Welcome to the Ramsey
0:58.9	Show. Hey, guys. Thanks so much for taking my call. Sure. What's up in your world? Okay, so I have a
1:06.2	question. And just to paint a small picture, my husband and I, we've been married for seven years.
1:12.5	We have no debt other than the mortgage on our house, and so we're very thankful and have worked very hard for that.
1:19.1	We've got two young kids, able to establish an emergency fund and retirement accounts and college savings for them.
1:26.9	But with all of that said, my parents are
1:30.5	really not on a same financial path as we are. My dad is in his 80s now and still works full time.
1:37.7	My mom does not work and she hasn't worked before, but just recently they've been bringing up to
1:42.7	us, kind of my husband and I, that they don't
1:44.9	know what they're going to do for retirement. They have no retirement savings, a very little
1:49.4	in a savings account. They're not even really in a place to afford the house that they own
1:54.8	with the money that they're making. And we're starting to get this feeling that they're
1:59.6	expecting us to take care of them at some
2:01.9	point or to do something to help them. And without tapping into our own retirement or savings
2:09.0	for our children's college and things like that, we're just really not in that type of space.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.