Risky Lending Choices
When discussing financial decisions with loved ones, it's crucial to approach the conversation privately and respectfully. Emphasizing the high risks associated with lending money to those who are already struggling can help clarify why such choices are unwise. Presenting data and research can strengthen the argument against risky investment strategies, making it clear that ambition alone doesn't guarantee success.In this clip
From this podcast
The Ramsey Show
The Ramsey Show (Replay for December 26, 2024)
Related Questions
Is borrowing money to invest wise in the context of the episode Why Debt Is NEVER the Answer w/ Dave Ramsey and the clip Debt and Risk?
What is Dave Ramsey's advice for getting out of debt in the episode Don't Let Debt Steal Your Reality and the clip Financial Dilemmas?
What is Dave Ramsey's advice for getting out of debt in the episode Don't Let Debt Steal Your Reality and the clip Financial Dilemmas?