From Yahoo Finance: 2025-05-20 11:01:00

Personal finance expert Dave Ramsey warns against going all-in on speculative assets like cryptocurrency before building a solid financial foundation. He emphasizes the importance of prioritizing contributions to retirement accounts, such as a 401(k), over risky investments like crypto. Ramsey distinguishes between speculating and investing, stating that crypto is purely speculation. He also advises against forsaking investments in assets that create wealth, like mutual funds and homeownership, in favor of assets that rely on hype and speculation. Ultimately, Ramsey urges individuals to focus on long-term wealth-building strategies rather than short-term gains.



Read more at Yahoo Finance: Buying Crypto Before Doing These 3 Things? ‘That’s Stupid,’ According to Dave Ramsey