Dave Says

Dave Ramsey
June 26, 2018 - 11:27 am
Dear Dave, I’m retired, and in the past few years I’ve taken up painting. This hobby has begun bringing in more money than I expected. I was wondering at what point I should start thinking about separating my art money from my personal finances, and look at officially starting a little business...
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Dave Ramsey
June 19, 2018 - 1:48 pm
Dear Dave, I make about $240,000 annually, and I will be maxing out my 401(k) contributions this year. I have $60,000 in student loan debt I’m trying to pay off, a small amount left on my home mortgage, plus I’ve been investing in a lot of gold and silver. Those investments are worth about $30,000...
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Dave Ramsey
June 12, 2018 - 12:02 pm
Dear Dave, My father died recently. He walked out of my life 25 years ago when I was a teenager, and he never wanted anything to do with me after that. His brothers, who have already paid for some of his final expenses, asked if I wanted to pay to have his body cremated. They didn’t ask for money,...
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Dave Ramsey
June 05, 2018 - 11:36 am
Dear Dave, I just graduated from college, and I’ll be starting my first real job soon. What can young adults, who are just getting started, do to avoid money problems now and in the future? Ben Dear Ben, Congratulations! I’m glad you realize the importance of being responsible with your money and...
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Dave Ramsey
May 29, 2018 - 1:17 pm
Dear Dave, My wife and I want to begin teaching our son how make a budget and live on one. He’s 16, and he has a part-time job and a hand-me-down car. Is this a realistic idea? Mike Dear Mike, Your son is at a great point in life to learn how to make money behave. Even in his situation, when he’s...
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Dave Ramsey
May 22, 2018 - 12:42 pm
Dear Dave, My husband has an old car that has become a real sticking point between us. He bought it for $2,400, and it needs about $4,000 in repairs and restoration. Together, we bring home $50,000 a year, and I feel like this car is interfering with our ability to save money and pay off $35,000 in...
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Dave Ramsey
May 15, 2018 - 12:08 pm
Dear Dave, I’m 28, single, and I just became debt-free. In addition, I make $70,000 a year and have the equivalent of six months of expenses set aside for emergencies. Should I save up to pay cash for a house, or is mortgage debt okay? I’d like to keep the price of a new home between $200,000 and $...
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Dave Ramsey
May 08, 2018 - 2:32 pm
Dear Dave, My parents have always been bad with money, and recently they lost their home to foreclosure. They found another place to live, and they both work, but since the foreclosure my dad has been asking me for money on a regular basis. He tries to make me feel guilty, and he calls or asks me...
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Dave Ramsey
May 01, 2018 - 2:43 pm
Dear Dave, When is it okay to have a little fun, and buy things you want, when you’re following the Baby Steps plan? Kaitlin Dear Kaitlin, The time for a little fun is after you’ve completed the first three Baby Steps. Baby Step 1 is saving $1,000 for a beginner emergency fund . Baby Step 2 is...
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Dave Ramsey
April 24, 2018 - 11:17 am
Dave, Why don’t you recommend having short-term disability insurance while doing the first three Baby Steps of your plan? It seems like a good time for it, when you’re in the beginning stages of getting your finances in order. Bob Dear Bob, You could certainly do that if you want, possibly even...
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