cover of episode Learn the Power of the Magical Word, “NO”

Learn the Power of the Magical Word, “NO”

2024/11/18
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The Ramsey Show

Chapters

Megan discusses her parents' lack of retirement savings and their expectation that she and her husband will help them. Dave advises a clear conversation about financial boundaries and coaching her parents on budgeting and investing.
  • Parents in their 80s with no retirement savings
  • Expectation to help financially creates tension
  • Importance of setting clear financial boundaries
  • Coaching parents on budgeting and investing

Shownotes Transcript

**📈 **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))

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