‘What’s The Return On The Effort And What’s The Timeframe?’

From Yahoo Finance: 2025-04-14 16:32:00

Dave Ramsey, a financial expert, advised a 53-year-old widow on relocating for a higher-paying job. She has $120,000 in student loan debt but is considering moving away for a better opportunity. Ramsey emphasized the importance of the return on effort and timeframe, encouraging her to seize the chance to break free from financial struggles. The widow’s motivation is to spend more time with her grandchildren once debt-free, making the short-term sacrifice worthwhile. The new job pays $95,000 yearly and includes $50,000 towards her student debt for two years, allowing her to clear debts and start saving for retirement. Ramsey commended her sound financial decision and family-oriented motivation.



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