Episode
Can I Catch Up on Investing if I Started Late? (Hour 1)
45:08
Published: Wed Mar 29 2023
Description
Rachel Cruze & Dr. John Delony answer your questions and discuss: "Should we stay in a paid for townhome?" "I feel like I'm behind on investing" from the blog: Fastest Ways to Catch Up on Your Retirement Savings, "Should we still sell our house?" Being a blessing to your kids vs. enabling them, How to use a large life insurance payout. Support Our Sponsor: NetSuite PODS Moving & Storage Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy
Chapters
In this podcast, the guest discusses how some couples split their finances, with one person covering certain expenses and the other covering different expenses.
00:00 - 03:11 (03:11)
Summary
In this podcast, the guest discusses how some couples split their finances, with one person covering certain expenses and the other covering different expenses. The guest also shares their personal journey of working multiple jobs to pay off debt and build an emergency fund as a married individual.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
The podcast discusses how long a person can stretch out an advantageous living situation like having a house with top amenities and a low cost of living.
03:11 - 08:37 (05:25)
Summary
The podcast discusses how long a person can stretch out an advantageous living situation like having a house with top amenities and a low cost of living. The hosts suggest that once debt is paid off and there is a fully funded emergency fund, one can consider getting a home with a good down payment and building equity.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
The host advises listeners to save up cash and avoid student loans when pursuing higher education, as life can throw unexpected challenges.
08:37 - 13:16 (04:39)
Summary
The host advises listeners to save up cash and avoid student loans when pursuing higher education, as life can throw unexpected challenges. They encourage listeners to spread the word about their program to help others achieve financial freedom.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
Ramsey Solutions recommends keeping monthly mortgage payment less than 25% of take-home pay and having cash set aside for an emergency fund, even when taking out a construction loan.
13:16 - 21:26 (08:09)
Summary
Ramsey Solutions recommends keeping monthly mortgage payment less than 25% of take-home pay and having cash set aside for an emergency fund, even when taking out a construction loan. It's important to get multiple bids and talk to multiple builders when considering building a house, and the variable rate on construction loans may cause uncertainty during the building process.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
The idea of parents gifting money to their children for things like buying a house or getting married is not new, but it's gaining in popularity.
21:26 - 24:51 (03:24)
Summary
The idea of parents gifting money to their children for things like buying a house or getting married is not new, but it's gaining in popularity. It's important to teach your children to handle money well and consider whether helping them out financially is the right decision for your family's unique situation.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
The podcast discusses the fine line between being generous with your children and spoiling them.
24:51 - 30:49 (05:58)
Summary
The podcast discusses the fine line between being generous with your children and spoiling them. The hosts suggest that parents should ask themselves if the gesture in question is emotionally damaging to their child before deciding whether or not to follow through.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
A podcast listener seeks advice on how to plan for retirement with a house payment taking half of their monthly income and having to choose between a monthly or 60-month pension payment plan.
30:49 - 37:48 (06:58)
Summary
A podcast listener seeks advice on how to plan for retirement with a house payment taking half of their monthly income and having to choose between a monthly or 60-month pension payment plan.
EpisodeCan I Catch Up on Investing if I Started Late? (Hour 1)
PodcastThe Ramsey Show
It's important to take time to grieve and process a major loss before making any big financial decisions.
37:48 - 41:35 (03:46)
Summary
It's important to take time to grieve and process a major loss before making any big financial decisions. Financial advisors can assist in navigating and making informed choices for your future.