Hecto Crypto | NetLink ⛓
@itzhyman • 1,480 subscribers
Fx Trader//web3 farmer
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A 66year old construction worker calls Dave after successfully building a $1.7 million nest egg over a 35year marriage. He said he worked as an electrician while his wife worked in the insurance business, noting that she actually saved even more than him by consistently maxing out her 401(k) Dave praises him as a classic example of an everyday American millionaire but notes that after decades of strict saving, he now struggles with the psychological barrier of spending his wealth. Dave challenges him to intentionally overspend on a vacation. When he admits a $4,000 cruise would make him uncomfortable, Dave gives him an "assignment" to plan an $8,000 cruise instead. Dave reassures him that mathematically, spending $8,000 won't even scratch the interest on $1.7 million, emphasizing that learning to enjoy retirement requires practice just like saving did.
Hecto Crypto | NetLink ⛓219,616 views • 21 days ago
A caller revealed that her husband of 22 years had a secret child who's only a few months younger than her youngest. After he told her heartbreaking news, we tried marriage counseling, couldn't work. Even the marriage counselor said we should get a divorce So he moved out and he moved in with his new girlfriend, who's also his boss. I've been a single mom to the kids. I have a part-time job, I make $19,000 a year. He pays the mortgage of $2,735 a month, and he gives me $1,400 every month to feed and clothe two kids After paying off her immediate bills from a court-awarded portion of her ex-husband's bonus, she has $26,000 remaining. She is unsure whether to save this money for a down payment on a new house or use it to pay back money she borrowed from family. Dave Ramsey advises her to pause all debt repayments and hoard the cash instead. Because she is currently in the middle of a "financial hurricane," keeping the money close will provide her and her children with the best options to navigate the crisis.
Hecto Crypto | NetLink ⛓130,892 views • 18 days ago
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