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Rachel Cruze

👤 Speaker
51432 total appearances
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Appearances Over Time

Podcast Appearances

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

I could do that.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

You know what I mean?

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

No borrowing.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Right, but it can start to expand so quickly, and so there's a level of stability that's good.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Yep.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Okay.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Yeah.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

How much are your expenses every month, Mary?

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

So if you went in the middle and just said, if we lost all income, right, and we had four months worth, right, that's $32,000.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

So maybe you do throw, you know what I mean, some at it.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

But you guys are reasonable in the three to six month emergency fund, right?

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Four to five months.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

I'd go 35.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Yeah, split the difference.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

That leaves you guys, again, with a four- to five-month emergency fund.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

And with what you're going to save in the mortgage once it is paid off, you're going to have it bumped back up in six months.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Are we going to pay it off next month?

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Keep the levity.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

Now, Mary, I would want you guys investing in retirement, though.

The Ramsey Show
The Best Financial Plans Don’t Rely On Debt

I mean, if you are following the baby steps, you guys need to be investing 15%.