Matt (Caller)
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Appearances Over Time
Podcast Appearances
Thank you for taking my call.
I just have a quick question.
So I'm a relatively new listener and I started listening just in time to hear you talk about the bank craziness going on.
And I'm just curious, this might be a really stupid question, but how can the FDIC insure every deposit under $250,000?
Where do they get the money and
I'm not even exactly sure what the FDIC is.
Can you give like a brief crash course rundown?
Sure.
Gotcha.
Gotcha.
So it's it's publicly funded.
No.
OK, so there's a big stack of money.
Hey, it's James producer of the Ramsey show.
Thanks for listening.
How can we help?
Yeah.
Hey, uh, just, uh, I've been on tense for a while, about a year and a half, and now I'm at baby step four through six.
And I'm just curious where I should be allocating my money.
It's pretty easy with baby step four, 15%.