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The Ramsey Show

Learn the Power of the Magical Word, “NO”

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.538.5K Ratings

🗓️ 18 November 2024

⏱️ 83 minutes

🧾️ 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

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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.

...

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