cover of episode YOU Are The Only One Responsible for Your Financial Future

YOU Are The Only One Responsible for Your Financial Future

2024/9/25
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The Ramsey Show

Chapters

Robert from Los Angeles asks for advice on whether to lend $20,000 to his parent who lost money in a potential investment scam. Ken and George strongly advise against lending the money, emphasizing it's a scam and Robert shouldn't enable the behavior. They suggest respectfully explaining the situation to his parent and offering support without financial involvement.
  • Don't lend money for scams.
  • Respectfully say no to family.
  • Choose guilt over resentment.

Shownotes Transcript

📱Watch the full episode for free in the Ramsey Network app.)

Ken Coleman & George Kamel answer your questions and discuss:

  • "My parent asked to borrow $20K for a scam,"

  • "My church is asking me to guarantee a loan,"

  • "How do I capitalize on my new $210K salary?"

  • "I lost my job and don't know how to pay my bills,"

  • "I drained my savings in a custody battle,"

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