It is pretty much for the wealthy in the sense if you have over 1 million in assets, you've got to have some other things you're doing to keep the government's hands off the money in the process. Of course, the first element of the big estate plan is the will. There may be trusts, some other things built into that. That's not for everybody. It is something you kind of need to think through.
More Quotes from Dave Ramsey:
I'm not against people having new cars. I'm against them having you. We spend a tremendous amount impressing somebody at the stoplight who we'll never meet. It makes you broke and keeps you broke.Dave Ramsey
Work - get paid don't work - don't get paid. Everybody is on commission, ... Try not coming to work for six weeks. Work gets paid don't work, don't get paid. When they earn those dollars, and when you're 4, and you clean up your room, it really means mom cleaned up the room and you did two toys. When you're 14, it means you cleaned up your room. But still, we got the money caused by work, and then, we have teachable moments on how to handle the money they earn.
Dave Ramsey
If you buy a 28,000 car, in four years it will be worth about 11,000 bucks.
Dave Ramsey
Too many people try to do the new job, new spouse, new house, new car thing in 18 months. That's a good way to end up broke. We've got to resist the temptation to catch up with our parents in 18 months. Slow down. You have the rest of your life to play ca
Dave Ramsey
For a period of time, you can win financially and later buy whatever you want.
Dave Ramsey
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