Dave Ramsey is one of the country's most celebrated personal finance gurus, a famous radio host, a successful businessman, and a bestselling author. He is known for his no-nonsense approach to personal finance and debt management.
Life insurance is a contract between a policyholder and an insurer where the insurer agrees to pay out a certain amount of money when the policyholder dies. Dave Ramsey recommends that individuals have term life insurance, which provides coverage for a specified period of time and is typically less expensive than whole life insurance.
Personal finance personality Dave Ramsey was recently asked a question about the finances of home-buying and mortgages. The listener asked whether they should pay off their current home before buying a new one or if they should take out a mortgage on a new home while still paying off their current one.
I'm thinking more seriously about buying a home in the next year or so. It seems like the housing market has cooled off a bit, and I'm wondering if it might be a good time to buy. I currently own a home that I owe about $100,000 on, and I have about $50,000 in savings. Should I pay off my current home before buying a new one, or should I take out a mortgage on a new home while still paying off my current one?
The radio personality makes a solid, if seemingly obvious, point. In a response to the listener's request for advice, personal finance radio host Dave Ramsey suggests that individuals should pay off their current home before taking on a new mortgage.
Recently, several large banks have collapsed. Read on for advice from Dave Ramsey to help alleviate your worries about your own bank.
The radio personality makes a solid, if seemingly obvious, point. In a response to a listener's request for advice, personal finance radio host Dave Ramsey suggests that individuals should not worry about their bank failing if they have less than $250,000 in deposits.
Dave Ramsey is an eight-time national bestselling author, personal finance expert, and host of The Ramsey Show, heard by 23 million listeners every week. He has helped millions of people get out of debt and achieve financial freedom through his books, radio show, and courses.
The thought of "becoming a millionaire fast" appeals to nearly everyone, but it's actually a rarity. While some speculators may get lucky, most millionaires build their wealth over time through hard work, saving, and investing.
Overall, Dave Ramsey's advice on home-buying and mortgages is to pay off your current home before taking on a new mortgage. He also recommends having term life insurance and not worrying about bank failures if you have less than $250,000 in deposits. Dave Ramsey's no-nonsense approach to personal finance has helped millions of people achieve financial freedom and live debt-free lives.