#debt-elimination

#debt-elimination

The core mistake is retiring without true readiness. Retiring with debt is the biggest issue that Ramsey encounters . "You can't have a $750 F-150 payment," he said. "You can't have a student loan that's been around so long you think it's a pet." If you want to retire, get rid of that debt, and it will be much smoother. Otherwise, that debt can dent your income significantly, especially if you let it compound or if that debt carries a floating rate.

Dave Ramsey is a well-known American personal finance mentor, author, and radio host famous for his strict, no-nonsense approach to money management. He built his reputation on encouraging debt elimination, living within one's means, and using cash in day-to-day life. A huge part of his career is The Ramsey Show, a radio program where listeners call in to ask advice on issues ranging from debt and budgeting to retirement planning and investing. The show blends practical advice with solid financial guidance.