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The Ramsey Show

Why You Need a Firm Financial Foundation

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 15 March 2024

⏱️ 118 minutes

🧾️ Download transcript

Summary

💵 Sign-up for EveryDollar today - The simplest way to budget for your life! George Kamel & Dr. John Delony answer your questions and discuss: "Can we trust the US Dollar or will it collapse?" "Should we leave our dream home due to property taxes?" "What mindset is going to keep me out of debt?" "I'm 35 and don't have a house; am I a failure?" "Is it worth buying an electric vehicle" Support Our Sponsors: Zander Insurance NetSuite Angel Studios BetterHelp Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! 📈 For help with investing, get connected with a SmartVestor Pro. 🏘️ Buy, sell, and invest the right way using Dave’s proven plan. ☂️ Protect yourself with the right coverage—take our coverage quiz! 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

The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people

0:34.8

build wealth, do work that they love, and create amazing relationships.

0:39.1

I'm Ramsey personality, George Campbell, joined by my best friend and best-selling author Dr. John

0:44.6

Deloney he's in the house he's ready to help we both are so give us a call and

0:49.3

let's talk about your life and your money and help you take the right next step regardless of what's going on in your life.

0:55.6

Joseph kicks us off this hour in Los Angeles. Joseph, welcome to the show.

1:00.7

Thank you. How are you guys?

1:02.3

We're doing well. How are you?

1:04.0

I'm doing really good.

1:06.0

My question is, so just give you a little backstory, my wife and I are debt free.

1:12.0

We're saving up for our fully funded emergency fund right now.

1:15.5

And then we plan on to start investing from there

1:19.7

to fund our retirement.

1:22.2

But yeah, so we're super blessed grateful to be debt free but so my

1:27.4

question is though how can we can we be sure that the dollar is going to maintain its value over the next 30 years since we are going to be investing and following what you guys recommend in like mutual funds 401k like should we be worried about

1:45.4

the economy or what do you guys just take on that? Where's that question coming from?

1:50.3

It's a question I hear all over the the I mean I hear that question everywhere and I've actually lost many a night sleep over that question where are you getting it from?

1:59.5

So you know I'm you know I have some friends and they're talking about you know, I'm, you know, I have some friends and they're talking about, you know,

2:04.9

Bitcoin and all these cryptocuracies and I'm not going that route, but I don't have a, you know, when they say, well, what about the dollar?

2:14.8

I don't really have a good answer or rebuttal as to why dollar is gonna, you know, maintain

2:20.8

its value over something like cryptocurrency so I just wanted to get so I guess it's coming from you know

2:27.8

what is trending just kind of in the area I'm going to give you my very

...

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