The Ramsey Show

Podbit · The Ramsey Show

Stop Giving Away Your Control

Explore episode Aug 10, 2026
Education
Should a 17-Year-Old Quit Baseball to Start Investing?

Stop Giving Away Your Control · Aug 10, 2026 Education

A baseball-playing junior who learned about compound interest now wants to quit the sport to start working and investing. George says let him decide and own it. Jade says team sports build something a job can't replace — try doing both during off-season first before making the call permanent.

Where this was said

Brett: Should I Sell Inherited Gold Coins to Fund My Emergency Fund?

At 1:49:57 · chapter starts 1:46:08

Brett from Cleveland is one month from completing his debt payoff and then moving into Baby Steps 4–6. He inherited three 1-ounce gold coins from a relative — currently worth about $4,200 each, or roughly $12,600 total — and wonders whether to sell them to immediately fund his emergency fund or hold them as an investment. George's answer is direct: sell them. Gold has averaged about 7.8% per year since 1971, which beats inflation but trails the stock market's long-term average. More importantly, physical gold requires safe storage and represents a concentrated, speculative position when you could instead have a fully funded emergency fund today rather than spending months saving up for it. His one rule after selling: don't check the gold price. Most people drive themselves crazy watching an asset they sold go up.

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