Image Source: Getty Images Some deals really are too good to be true. Key points You may come across different opportunities to finance a purchase at 0% interest over a period of time. Financial guru Dave Ramsey warns against that for a few key reasons, including how it can lead to overspending. It is not … Read more
Ramsey Solutions CEO Dave Ramsey and mental health expert Dr. John Delony discuss the correlation between your money and mental well-being. Costs are rising, as is stress among Americans across the country. In a new phone interview with FOX Business, David Ramsay, personal finance expert, eight-time #1 national bestselling author and host of “The Ramsey … Read more
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Image Source: Getty Images Could a payday loan cause you financial problems? Key points Payday loans are a type of short-term loan. Payday loans often have very high interest rates. Finance guru Dave Ramsey has provided some advice on payday loans. If you’re having trouble raising cash to cover an unexpected expense, payday loans may … Read more
Image Source: Getty Images Don’t fall into a big trap. Key points Homeowners insurance can cover you when your home is damaged. But it’s important to make sure your policy provides adequate coverage. There are certain steps you need to take as a homeowner to safeguard your property. These include having working smoke alarms, installing … Read more
Image Source: Getty Images There is a danger in not having a credit score at all. Key points Financial expert Dave Ramsey prides himself on having no credit score. While you can get away with not having one, that may not work for the average consumer. Your credit score isn’t just a random number. Rather, … Read more
Image Source: Getty Images The financial guru has great advice on life insurance. Key points Life insurance could protect your loved ones in the event of your death. Dave Ramsey thinks life insurance is a good idea, but there’s one specific type he’s a fan of. If you have people in your life who are … Read more
Image Source: Getty Images You may be surprised by the answer to this debt finance guru question. Key points Dave Ramsey believes that you should try to work aggressively to get out of debt. However, he does not advise taking money out of an IRA to pay off your debt. There are penalties and other … Read more
Image Source: Getty Images Dave Ramsey says you need at least this amount of car insurance. Key points Dave Ramsey recommends three important types of auto insurance to have at a minimum: liability, comprehensive, and collision coverage. There are many additional optional covers to choose from, but Ramsey recommends skipping many of them. When it … Read more
Image Source: Getty Images Dave Ramsey actually recommends a preliminary step before paying more on your debt. Key points Many people want to be debt free, but have a hard time knowing where to start. Dave Ramsey has provided some helpful advice on how to start paying off debt. He suggests saving an emergency fund … Read more
Image Source: Getty Images Ramsey believes in paying off debt first, but is he right? Key points Most people have to make decisions about what to do with their money. If you have debt to pay off, you may not be sure whether to focus on that or saving for retirement. Dave Ramsey believes paying … Read more
NASHVILLE, Tenn., February 28, 2022–(COMMERCIAL WIRE)–Despite a downward trend in the overall assessment of Americans and personal finances in 2021, 80 percent said they are hopeful about their financial situation in 2022. According to The state of personal finances Annual Report 2021 published by Ramsey Solutions, the optimism is consistent for those who are in … Read more
Image Source: Getty Images Don’t make a loan decision you’ll regret. Key points Online installment loans are being offered more and more. Dave Ramsey believes this type of loan should be avoided. Online payment plans can be expensive in the long run. Dave Ramsey has advised against taking on most types of debt, even suggesting … Read more
Image Source: Getty Images Dave Ramsey is a strong advocate of combining finances when you’re married. Is right? Key points Dave Ramsey advises married couples to combine all of their financial accounts. He says that it creates more unity in the relationship and helps build wealth. For married couples wondering about combining finances, Dave Ramsey … Read more
Image Source: Getty Images Ramsey hits the nail on the head about the dangers of this type of loan. Key points Dave Ramsey urges people not to go into debt. While he is wrong about some types of loans, such as mortgages, there are other types of loans that he advises avoiding. These include store … Read more
Image Source: Getty Images This advice on this topic is worth listening to. Key points If you’re getting life insurance, you can choose between term life and whole life coverage. Dave Ramsey favors term life insurance and it is the more cost effective alternative of the two options. Buying life insurance is a great way … Read more