Dave Ramsey

It would be asinine to do that.

I'm not doing that.

And so that's why we can answer her with such force so quickly.

And you can do that for yourself anytime.

You say, okay, I've got money in a stock.

My grandpa gave me a stock.

Well, I don't care.

I don't care where you got it.

You have Exxon stock and you have $400,000 in Exxon stock.

I don't know anything about Exxon.

I've not looked at it lately.

I don't know what the stock is.

I'm not making a judgment about Exxon one way or the other.

But you just ask yourself, if I had $400,000 in the middle of the kitchen table, would I go buy Exxon stock?

Probably not because you were not well diversified.

But you just got it from your grandpa, and it's not like it's his family Bible.

It's stock.

It's not got an emotion tied to it.

And so if you wouldn't go buy it again with that same amount of money, then don't keep it.

And if you do that, if you practice that exercise, you can make decisions on whether to buy an investment, whether to keep an investment, whether to buy an item, whether to keep an item instantaneously.