_Chase😈 (@Ankara_inc)

Caller: “I’m 51 and i am tired of working, I have no retirement. What should i do”? Dave: What do you make, and what’s your debt? Caller: $75,000 a year. $25,000 left on my mortgage, and $20,000 on a Harley-Davidson. Dave: Sell the bike. Today. That payment’s killing you. Any life insurance? Caller: Term life, $100 a month. No kids, no dependents though. Dave: Drop it! you don’t need it. Now download EveryDollar, budget every dollar, and find $2,000 a month to invest. Between the bike and the insurance, you’re most of the way there already. Caller: That still feels like a lot. Dave: You’ve got 10 years until 67. Invest consistently, your house gets paid off, and you’ll be secure Dave says he can still be a millionaire, there is more time.

Caller: “I’m 26, about to get engaged, but my net worth is way higher than my girlfriend’s. Do I need a prenup?” Dave Ramsey: “Okay, what does ‘different net worth’ actually mean?” Caller: “$50K from my grandparents for a house, $50K in my truck, $165K across my 401K and accounts, $150K left in a college fund… She’s finishing PA school with about $120K in debt.” Dave Ramsey: “And what are you making a year?” Caller: “About $120k/yr.” Dave Ramsey: “You’ve got around $600K to your name at 26… honestly? That’s not enough net worth to warrant a prenup. If you’re comfortable, skip it.” $600K net worth at 26. Fiancée in PA school with debt. Dave says skip the prenup