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Chapter 1: What are the Baby Steps?
Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work. that they love and create actual amazing relationships. I'm Dave Ramsey, your host, Rachel Cruz, number one best-selling author many times over, Ramsey personality and host of The Rachel Cruz Show. My daughter is my co-host today. Open phones here at 888-825-5225.
You call with your questions about your life. That's what we're here for. The call is free, and some say the advice is worth exactly what you pay for it. So we're glad you're here. Rachel, big day today. Another book launch. The third Rachel Cruz kids book is out. Ding, ding, ding, ding, ding, ding, ding.
Yes, it is. I know. I'm so excited. So I'm glad when I can share. So this is the kids book on generosity. And I went with the sharing element because for our little ones, teaching them to open their hand and share is kind of that first step in generosity. But it concludes my series. I did one on contentment, gratitude, and this is the final one for generosity.
So this is the three kids book series. And the third one is out today.
And they've all been bestsellers. I'm glad for what I have. I'm glad for where I am. That's contentment.
I'm glad for where I am is gratitude.
Gratitude. And the first one's contentment. And then this one is generosity. I'm glad for when I can share. And it's a three book series. And this is the third. This is the third one. So it's 1999 at RamseySolutions.com in the bookstore. And again, Lauren just continued to these world class illustrations make the book.
Yes, Lauren Gallegos is the illustrator for all of them, and she just, I mean, did a fabulous job. So, yeah, it's a really sweet book, and it's short. You're welcome, parents.
Yeah, for those of you who do bedtime stories that are nine years long, you don't have that here. Yes, this is a short one.
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Chapter 2: How can I help my parents financially?
That's everybody, y'all.
Because for a majority of people, you get a better deal if you just take the standard deduction anyways.
That's what I mean. That's why you don't. They don't need to. You don't need to.
It's not like you're stupid.
Actually, under the Trump tax code in his last administration, he ran the standard deduction way up. You get an automatic deduction just because you breathe.
Yep.
And your real deductions don't add up to that, so you're better off to take the big one.
Right, right, exactly.
The breathing deduction. Yes. From the write-off people.
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Chapter 6: What is the significance of teaching kids about generosity?
Five years from now, when you guys are all emotionally and financially sustained without leaning on each other, you're going to be better people and better for each other. This is The Ramsey Show. Rachel Cruz, Ramsey Personality, is my co-host today. Open phones at 888-825-5225. Jennifer is with us in Phoenix, Arizona. Hi, Jennifer. How are you?
Hi, I'm doing well. Thanks for taking my call.
Sure. What's up?
I wanted to see what y'all would do with a pile of money. I'm in Baby Steps 3B and 4, but... Then I found myself in storm number one, surprise, I'm pregnant. Oh, well, congratulations. Thank you. Storm number two, five weeks later, I suffered a major medical event, found out I have an underlying condition that will put me at risk for more major medical events.
And we can't really address the problem for a year or two until baby gets here and we can do a lot of testing and investigate it. So I had been saving a bunch of money for a house, but it had been sitting in a high-yield savings account, but those rates are declining. So would you guys leave it in high-yield savings, or would you move it into like a brokerage account to maximize the yield?
Because I feel like that goal is now three to five years down the road.
How much money in your emergency fund and how much money in this fund we're talking about?
My emergency fund is $50,000.
It's 12 months. And this money is how much?
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