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Tuesday, April 28, 2009
Dave Ramsey :: Townhall.com Columnist
How Much Is Enough?
by Dave Ramsey
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


If you do a little research and don’t get car fever, you can find some pretty sweet deals. I’m all about good deals, so the patience part of the equation wasn’t a big thing for me. I did a lot of digging around while I was looking, and in the process became an expert on certain types of trucks in particular areas. It’s really hard to get burned if you have a little patience, and plenty of good, solid information!

-Dave

Dear Dave,

My nephew was recently left a large sum of money from a life insurance policy after his mother died. She did not have a will. His father, who has been out of the picture for some time, is about to be granted custody, and he’s been asking lots of suspicious questions about the money. We don’t trust his motives. How can we help make sure the money is protected?

-Anonymous

Dear Anonymous,

You need to talk to a lawyer, and take this matter to probate court immediately. Tell the judge about the situation and your concerns. Ask him to put your nephew’s money into a trust through a bank or other third party. Otherwise, as his guardian, there’s a good chance the father will be granted control of the money.

I’m not big on bank trust departments, but I am big on keeping scumbags from taking money away from kids!

-Dave

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About The Author
Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
 
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AliveInHim
Yes, we also try to save the mortgage payment each month.

But.... now that we're debt-free, we are a little more free in our spending. For example, I bought a big flat-screen TV. (Paying cash, of course!)

One of the best things about begin debt-free is being able to help others. My wife gave a local Christian elementary school a large gift of money. We could not have done that before.

Husker2
We're also debt free-including the mortgage, paid down a year ago. DH's '07 bonus tipped it.

Wonderful feeling, not having any debt! Saving some every month outside his 401k is something we've pretty well disciplined ourselves to do as well. Most of the time we save what our mortgage payment used to be. Credit cards are seldom used, and never charged up by more than $200.00

We are truly in the catbird seat! :)
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