529 Savings Plan or Trump Account? Dave Ramsey Calls Trump Accounts a “Thump-My-Chest Thing”
529 Savings Plan or Trump Account? Dave Ramsey Calls Trump Accounts a “Thump-My-Chest Thing”
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Caller: “I’m 23, just graduated, and I’m thinking about financing a $53,000 Tesla Model Y. Is that a good idea?”Dave Ramsey: Absolutely not. That’s one of the biggest financial mistakes young people make after college(buying a new car).Caller: Why?Dave Ramsey: Car payments keep people from building wealth. New cars, especially EVs lose value fast. Instead of paying $442 a month on a Tesla, invest that money.Caller: How much difference would that make?Dave Ramsey: If you invested that $442 monthl
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Caller: “I’m 23, just graduated, and I’m thinking about financing a $53,000 Tesla Model Y. Is that a good idea?”Dave Ramsey: Absolutely not. That’s one of the biggest financial mistakes young people make after college(buying a new car).Caller: Why?Dave Ramsey: Car payments keep people from building wealth. New cars, especially EVs lose value fast. Instead of paying $442 a month on a Tesla, invest that money.Caller: How much difference would that make?Dave Ramsey: If you invested that $442 monthl
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