Latest news with #Ramsey
Yahoo
5 hours ago
- Business
- Yahoo
Philadelphia woman in ‘tricky situation' after her mom asked for $3,000 — from the grandkids' savings account
Andrea, a wife and mother from Philadelphia, recently found herself in a high-stakes financial and emotional crossroads, caught between family loyalty, cultural expectations and a commitment to financial stability. 'I am in a really tricky situation,' Andrea shared during a recent call to The Ramsey Show. 'My brother and my mom are asking me to [lend] my brother $3,000.' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) The purpose of the request was to cover her brother's business expenses. But Andrea and her husband have been saving that money to try to pay down debt. Here's what Ramsey had to say to Andrea. Ramsey Show Co-host Jade Warshaw posed an alternative suggestion. 'Why doesn't she lend him the $3,000?' she asked the caller, referring to Andrea's mother. 'Because she doesn't have the money,' Andrea replied. Dave Ramsey's response? 'Neither do you. You're broke and in debt.' But the plot thickened when Andrea revealed her mother's solution: tapping into Andrea's children's savings. 'I talk to my mom sometimes, telling her we save money for the kids, right? So her idea was to take the money from the kid's savings account to give my brother the $3,000,' she said. 'She has a lot of ideas about what you should do with your money,' Warshaw noted, 'Do you feel like you have to listen to what she's asking you to do?' Andrea hesitated, noting her brother once helped her early in her marriage, but that support came in the form of small items for her kids. 'That was not $3,000. That was a hundred dollars,' Ramsey said. 'Because I got to tell you in my world, when grandma asked for the kids' money for the brother, that means grandma needs to be smacked.' Originally from Ecuador, Andrea noted that extended family support is a common expectation in her community. Ramsey responded, 'In your culture, it is more normal to share with extended family … but this is your household. And your household is separate.' Cultural norms can shape financial habits, but limits are limits. Even with that understanding, Andrea expressed hesitation. 'My brother is more … resentful. If you tell him something that he doesn't like … then he's not going to talk to me,' she told the hosts. She feared that saying no would lead to tension or silence. 'There's no consequence here other than adults choosing how they're going to behave next. If your brother gives you the cold shoulder, that's not something you can control,' Warshaw said. 'All you can control is your response.' Andrea admitted that her mom would likely try to persuade her. Ramsey's response was simply, 'No is a complete sentence.' He suggested that Andrea tell her mother, 'Mom, I love you. I love him. That's not in question. But this money is set aside for my children. And the answer is going to be no, no matter how long we talk.' Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Financial experts emphasize the importance of setting clear boundaries in similar scenarios. According to a survey by Ipsos for BMO, 34% of partnered Americans report that money is a source of conflict in their relationships. Money issues with extended family can add to that stress. Here are some tips to navigate tricky situations like these: Start with an open conversation. Schedule time to sit down and talk about your concerns without placing blame. For instance, Andrea could say, "I understand your situation, but I need to prioritize my children's future savings." Establish firm boundaries. Don't be afraid to set your limits and let your family know that they need to respect them. Offer different types of support. Look for other ways to help, such as recommending resources or financial counseling services that may be useful. Finally, if the conversation doesn't seem to be progressing, consider involving a neutral third party, such as a financial advisor, to help facilitate. It can be tough, but by approaching the situation with firm boundaries, it's possible to maintain family relationships while also protecting your financial well-being. Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
5 hours ago
- General
- Daily Mail
Boy, 14, is murdered as police arrest youth and appeal to those who filmed incident to come forward
A youth has been arrested on suspicion of murder after a 14-year-old boy was found collapsed on the Isle of Man, as police issued an urgent appeal to anyone who has shared footage of the 'serious incident' to come forward. Emergency services rushed to assist Christopher McBurnie, after receiving a call shortly after 3.30pm on Thursday, in the area of Close Drean in Ramsey. Despite their efforts, the teenager was pronounced dead at the scene, Isle of Man Constabulary said. A murder inquiry has now been launched and a juvenile has been detained in custody for questioning. Isle of Man Chief Constable Russ Foster said the victim's relatives were being supported by specialist officers and that the community had been rocked by the tragedy, with murder being an 'extremely rare' incident on the island. The youngster's official cause of death will be determined by a Home Office pathologist 'in due course', he added. Chief Constable Foster said in a video statement: 'Our thoughts, heartfelt condolences and deepest sympathy with the family, friends and loved ones during this extremely sad and incredibly difficult time. 'Specialist officers are supporting Christopher's family and will continue to do so throughout the investigation. 'At 3.38pm on Thursday 29 May emergency services responded to an incident in the area of Close Drean, Ramsey where Christopher was found collapsed and despite the valiant efforts of members of the public, our officers, the fire and rescue service and paramedics, they were unable to save Christopher. 'We are aware that imagery of this incident was recorded by witnesses in the vicinity and is now featuring on social media platforms and being shared predominantly by teenagers. 'I'm mindful that social media features in all our lives in one way or another, but that should not mean that our values and respect for one another as a community should be compromised and enable rumour and speculation to flourish.' He urged anyone who has footage to refrain from sharing it as it would be 'likely to cause significant distress'. Chief Constable Foster added that the community had been 'shocked by the magnitude of an occurrence which is extremely rare for the Isle of Man.' The police appeal was issued as a JustGiving page was set up to raise funds for Christopher's funeral. A statement described the teenager as 'beautiful' and said he had 'brought so much joy and love to his whole family who love him so deeply.' The organiser added they hoped 'our Island can come together and raise some much needed funds at this very sad time.' Anyone with information is asked to call the Isle of Man police on 01624 631212, Crimestoppers anonymously on 0800 555 111 or submit footage or images online.
Yahoo
15 hours ago
- General
- Yahoo
Fulton County school bus involved in crash
McCONNELLSBURG, Pa. (WHTM) — A school bus in Fulton County was involved in a crash Friday morning, school officials said. Central Fulton School District Superintendent Christina Ramsey said in a letter to parents the incident occurred Friday morning when a bus was 'making a routine left-hand turn when a car at a nearby stop sign unexpectedly pulled forward and made contact with the side of the bus.' 'The bus remained drivable and all students arrived at school on time,' Ramsey said. No injuries were reported, Ramsey said, and all students were checked out by district nursing staff. 'The safety of our students is always our top priority and we are grateful to our bus driver and staff for their quick and professional response,' she added. The bus was identified as 'Bus 10' though the school it was carrying students from was not identified. Download the abc27 News+ app on your Roku, Amazon Fire TV Stick, and Apple TV devices The Central Fulton School District operates three schools — McConnellsburg Elementary, Middle, and High schools. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
a day ago
- Business
- Yahoo
Dave Ramsey told podcaster Theo Von about the ‘secret sauce' for those who want to be millionaires
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Dave Ramsey has shared some sage advice for Americans striving for entry into the millionaire club: stick to your plan and be process-oriented to grow your nest egg. Speaking with Theo Von on the This Past Weekend podcast, Ramsey noted that, per a a national survey from his firm Ramsey Solutions, the millionaires studied were most likely to be in the following professions: Engineering, accountancy, teaching, management, and law. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Ramsey said that at first, his researchers couldn't figure out what these professionals had in common. But they soon realized 'they are process people.' 'They learn the rules,' Ramsey said. 'That's the way [their] brains work. They do process, and that's the secret sauce.' He also noted that 33% of the survey respondents made less than $100,000 per year. 'They are not earning their way into it,' Ramsey told Von. This is heartening news for Americans at every income level who want to build long-term wealth. Here are some key takeaways from Dave Ramsey and his study for those who want to join the millionaire's club. The Ramsey Solutions survey busted the myth that, in order to be a millionaire, you need a big six-figure income or to come from a rich family where you're set to inherit a pile of cash. Instead, most of the millionaires surveyed got rich through consistent investing, avoiding debt like the plague and smart spending. The two main items that helped these people hit the million-dollar mark: investing in their company's 401(k) plan and buying a house and paying it off. Not every employer offers a 401(k) plan, but there are alternatives out there that can offer similar tax advantages. For instance, if you opt for a gold IRA you can benefit from the tax advantages of a traditional IRA alongside the inflation-hedging properties of gold. Typically, gold is more stable than stocks during economic downturns and recessions. In fact, gold has increased in value sevenfold over the last 100 years. These days, you don't even have to go to a bullion shop to buy precious metals. Plenty of online platforms offer a wide selection of gold and silver bars and coins and fair pricing. A gold IRA is one option for building up your retirement fund with an inflation-hedging asset. Opening a gold IRA with the help of industry leader Goldco allows you to invest in gold and other precious metals in physical forms while also providing the significant tax advantages of an IRA. Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. To Ramsey's second point: paying off, or even buying, a home is more difficult for many Americans right now. While the real estate market can be prohibitive for first-time buyers due to still-cooling mortgage rates and rising home prices, there are still options for would-be real estate investors. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 12% to 18%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Smart investors also look for ways to diversify and spread their risk with their investments. In the Ramsey Solutions study, the researchers wrote, 'They didn't risk their money on single-stock investments or 'an opportunity they couldn't pass up.' In fact, no millionaire in the study said single-stock investing was a big factor in their financial success.' Instead, prudent and diversified investments are the name of the game for the millionaires surveyed. The team of former hedge fund analysts and experts at Moby spend hundreds of hours each week sifting through financial news and data to provide top-tier stock and crypto reports to keep you up-to-date on what's moving the markets — so you have access to extensive research, broken down into simple, easy-to-understand formats. The platform has already helped over five million users uncover stocks before they deliver multibagger returns. Moby's success speaks for itself. The platform's stock picks have outperformed the S&P 500 index by an average of 11.95% over the past four years. And that's on top of the S&P's already consistent annualized returns — about 10% a year, on average, since the index's 1957 inception. When asked by Von if he felt that the American Dream was dead, Ramsey noted that nine out of 10 of the millionaires they surveyed did not inherit their wealth, but instead earned it. 'That's good news for everybody,' he said. 'We've all got a shot.' To shoot your shot at millionaire status, you may need financial advice catered to your specific financial goals. With Vanguard, you can connect with a personal advisor who can help assess how you're doing so far and make sure you've got the right portfolio to meet your goals on time. Vanguard's hybrid advisory system combines advice from professional advisers and automated portfolio management to make sure your investments are working to achieve your financial goals. All you have to do is fill out a brief questionnaire about your financial goals, and Vanguard's advisers will help you set a tailored plan, and stick to it. Once you're set, you can sit back as Vanguard's advisors manage your portfolio. Because they're fiduciaries, they don't earn commissions, so you can trust that the advice you're getting is Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
'I Want A New Car,' Says A Wife Whose Husband Says They Can't Afford It On $700K. Dave Ramsey Starts Mocking Her And People Are Confused
Kayla from Montana recently wrote into 'The Dave Ramsey Show' with what sounded like a pretty straightforward question: Can we afford to buy a new car? 'My husband lives and breathes by Dave's rules and he thinks we can't afford one,' Kayla wrote. She said she and her husband are both 35 years old, have a combined income of $700,000, and a net worth close to $1 million. They have two young daughters and are planning to grow their family soon. Their only debts are a $600,000 mortgage on their home and a $65,000 mortgage on a rental property. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Kayla's plan was to save up and buy a new midsize SUV this year. Her husband wanted to stick with a used full-size SUV and keep it for at least seven years. What followed wasn't the usual Ramsey-style financial breakdown. Instead, Dave Ramsey and co-host Rachel Cruze launched into a full-on critique of the couple's dynamic. 'The problem here Kayla, is not the car,' Ramsey said. 'You just stand back and ask for stuff and he decides if he's going to give it or not. That is not a Ramsey rule.' Ramsey went on to say Kayla sounded like a '16-year-old having a hissy fit because your daddy won't buy you a car,' a comment that many viewers found jarring. While Ramsey emphasized that he teaches couples to work together financially as 'two grown-ups working toward an agreed goal,' his mocking tone and personal assumptions about their relationship didn't sit right with many listeners. Trending: Maximize saving for your retirement and cut down on taxes: . In the video's comments section, viewers pushed back. One commenter said the woman didn't sound anything like Ramsey's mocking imitation. She had simply asked if they could save up for a new car, considering their income. The commenter added, 'He didn't have to insult the wife. He was a rude a-hole.' Another wrote, 'I didn't get that inference from her writing at all. Dave heard something that was never there.' Others shared that they also didn't pick up on any of the supposed undertones and felt Ramsey was projecting. Several people pointed out that the husband appeared to be using 'Dave's rules' as a way to shut down the conversation. One said it sounded like he just wanted control and was using Ramsey's advice as an the drama, Ramsey did eventually answer the financial question: No, he wouldn't recommend buying a brand-new car unless you have a net worth of at least $1 million. 'Buy a two-year-old SUV,' he said. 'Let someone else take the buttkicking on the depreciation.' He also criticized the couple for poor money management. 'There's something wrong. Where the heck is all this money going? You ought to be able to write a check to buy that SUV and not even have this discussion. There's money going out of here like you guys are in Congress.' Still, many commenters felt the emotional commentary overwhelmed what could have been a simple financial discussion. One viewer summed it up: 'Dave, you are good at finances, but perhaps leave the 'daddy issues' for John Deloney?' Deloney is one of Ramsey's co-hosts and a popular mental health expert. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'I Want A New Car,' Says A Wife Whose Husband Says They Can't Afford It On $700K. Dave Ramsey Starts Mocking Her And People Are Confused originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
