An 85-year-old nursing home resident wants to spend $50,000 — a quarter of his entire $200,000 nest egg — flying 10 family members to the Holy Land.
An 85-year-old nursing home resident wants to spend $50,000 — a quarter of his entire $200,000 nest egg — flying 10 family members to the Holy Land.
Where this was said
At 0:36 · chapter starts 0:00
The Ramsey Show opens with its signature intro, identifying the program as coming from the Fairwinds Credit Union studio and sponsored by EveryDollar. George Kamel and Jade Warshaw introduce themselves as the day's co-hosts and invite listeners to call in.
An 85-year-old nursing home resident wants to spend $50,000 — 25% of his only $200,000 — flying 10 family members to the Holy Land. The Medicaid look-back risk is real, but the hosts argue the real answer is simple: don't go, release the guilt, and let him have his legacy moment.
An estimated $31.9 million worth of 401(k) balances have been abandoned by former employees and are sitting unclaimed.
Matt from Chicago paid off $72,000 in debt in 6 months by working 12-hour days, 7 days a week, then funded an emergency fund and pre-paid a Costa Rica vacation.
Matt continues working 80+ hours a week after becoming debt-free in order to pay off his house by age 40, against his fiancée's wishes.
Elizabeth and her husband in Nashville carry $180,000 in combined debt — $115K in student loans plus medical bills and a car — and just discovered she is 5 weeks pregnant with their second child while also having a 4-month-old.
Despite $180K in debt and a surprise pregnancy, Elizabeth's EveryDollar budget shows a $747.39 monthly surplus on top of minimum payments and living expenses.
Elizabeth and her husband earn $1,900 per month from side hustles — she does Lyft and house cleaning while he does additional gig work — on top of their regular income.
Gold has averaged approximately 7.8% annual return since 1971 when the U.S. dollar was untied from it, which George Kamel notes is lower than historical stock market returns.
George Kamel shared that he and his wife paid off their own home mortgage in 26 months — far ahead of their original 4-year goal.
Joel's late mother's paid-off home in Sacramento is worth roughly $500,000–$600,000 but has been sitting vacant because his sister refuses to cooperate on a sale.
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