This Is What's Stopping You From Becoming Rich

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 11 January 2024

⏱️ 116 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "My father-in-law is trying to sell us whole life insurance," "My husband has an underpaying job and thinks our money is my responsibility," "Is it okay for my grandma to give me $30K and not the rest of my family?" "Should I invest more or pay off my house?" "Is there any hope for my finances?" "Am I hurting my family's financial future?" "Should we wait for student loan forgiveness?" "Is a CD the safest place for an investment?" "Should we sell before our yard is taken?" "How do we navigate combining finances?" "Should we lower our tithe?" "Should I sell my rental property?" "What's the fastest way to pay off a vehicle?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: USCCA Zander Insurance The Chosen Churchill Mortgage Neighborly Have more money and less stress with George Kamel's NEW book, Breaking Free From Broke! Find a Ramsey Trusted Real Estate Agent: Click Here Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build wealth, do work that they love and create
0:38.7	actual amazing relationships. Open phones this hour at AAA 825, 5225.
0:46.0	Multiple number one best-selling author and Ramsey personality.
0:51.0	Rachel Cruz, my daughter is my co-host today.
0:54.0	Open phones here, you jump in, we'll talk about your life and your money.
0:58.0	Victor is with us in Irvine, California.
1:01.0	Hi Victor, how are you?
1:02.0	I'm doing well with Dave, how are you? I'm doing well Dave. How are you? Better than I deserve. What's up?
1:07.0	Hi so three years ago me and my wife was buying a life insurance policy from our father-in-law.
1:19.2	We both make a pretty good income, but essentially, they're like three years in now and I just I know
1:26.1	we've maxed out our 401k or Roth IRA but I was talking to my father-in-law and he
1:31.7	essentially said it's like a good tax-free investment that we can do with our custom whole life policy.
1:39.2	And since we're already maxed out at our 401k and at Rock IRA and we even they bought a house recently
1:47.7	We're just not sure if that's like the best way moving forward to put our money in at least with our extra money so that's
1:56.1	our situation.
1:57.1	Victor you've been married three years you said?
2:04.0	Yeah, we've been married for about three years.
2:07.0	Yeah, okay.
2:08.0	All right.
2:09.0	So you're in your mid-20s I assume.
2:12.0	Yeah, me and my wife are both 27. So we got married around 24. Okay. Well, I have to give
2:21.1	you a full disclosure here, okay? I have to give you full disclosure here okay I have been trashing whole life policies
	...

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