One of the WORST Financial Products Alive Today!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 27 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Ken Coleman. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	brought to you by the every dollar app start budgeting for free today jeremy's with us
0:07.1	jeremy is in tucson arizona hi jeremy welcome to the ramsie show thank you thank you for
0:12.4	taking my call sure how can we help uh so quick question my son youngest son got himself stuck
0:20.6	into a whole life policy and of
0:24.2	course I want to talk him out of it to get him to invest in something else so I
0:30.0	know the biggest hook is he came borrow against his policy I know that with the
0:37.3	401k you'll get penalized,
0:40.4	which leads me to maybe mutual funds,
0:43.9	which I don't know a whole lot about.
0:46.5	So I was wondering what's the major difference
0:49.2	between the 401k and a mutual fund
0:52.8	that he may be able to borrow against in the future.
0:57.9	Okay.
0:59.0	How old is your son?
1:01.1	He's 23.
1:02.6	Okay.
1:06.5	Well, I don't think, I mean, number one, let's just ask the question.
1:13.4	Why is he going to listen to you?
1:16.9	Well, I've had really good, really good relationship with him.
1:21.5	And the whole reason he got himself stuck in here was because I kept pushing for
1:26.6	to invest to save money,
1:29.7	to think about his future.
	...

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.