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DR 362: Examining Inflation, the Dave Ramsey Lawsuit, and the Impact of Investing Fees


Today we start be discussing inflation. Both CPI and PPI numbers are down and the Fed has paused interest rate hikes. For the moment, an FDIC-insured savings account pays more than the rate of inflation. Then we discuss the $150 million lawsuit against Dave Ramsey. There are some important lessons here for all of us. Finally, I answer a listener's question about investment fees inside a Roth workplace retirement account. RESOURCES: CPI: PPI: Best Savings Accounts: Best No-Penalty CDs: Dave Ramsey Lawsuit: Empower: ------------------------------------------------------------------------------------------------- The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom....(read more)



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DR 362: Inflation, Dave Ramsey Lawsuit & Investing Fees Inflation is a term that has been on everyone's lips lately as the global economy continues to grapple with rising prices. On the podcast DR 362, popular financial expert Dave Ramsey shared his thoughts on inflation and its impact on personal finance. However, while Ramsey's insights are usually highly regarded, this particular episode led to a lawsuit against him. Furthermore, the topic of investing fees was also discussed, shedding light on the potential pitfalls of excessive charges. Let's dive deeper into the issues discussed on DR 362. Inflation, the persistent increase in prices over time, has become a major concern for individuals and economies worldwide. Ramsey, known for providing financial advice to millions of listeners, highlighted the impact of inflation on savings during DR 362. He emphasized the importance of keeping pace with rising costs by investing wisely. While some listeners appreciated his perspective, others felt Ramsey's advice was lacking and failed to take into account the realities of inflation for those who struggle to make ends meet. This backlash resulted in a lawsuit against Ramsey, claiming that his advice regarding investments and savings did not adequately consider the challenges faced by low-income individuals. Critics argue that his recommendations, while generally suitable for those with more disposable income, may not be practical for individuals struggling to meet their basic needs. The lawsuit serves as a reminder that financial advice should be tailored to different income levels and take into account the real-life struggles faced by individuals in diverse financial situations. In addition to the controversy surrounding inflation, DR 362 also delved into the topic of investing fees. Ramsey, known for promoting a debt-free lifestyle, highlighted the detrimental effect of high investing fees, suggesting that individuals should prioritize low-cost index funds and avoid excessive fees charged by financial advisors. Investing fees can eat into potential returns, eroding the long-term value of investments. By discussing investing fees on his show, Ramsey shed light on an area that many people may overlook when it comes to managing their personal finances. High fees can significantly impact investment returns, especially over extended periods. It is crucial for individuals to be aware of the fees they are paying and carefully consider the value they receive in return. DR 362 brought important financial topics to the forefront, including inflation, investing fees, and the importance of tailored financial advice. Ramsey's insights sparked a lawsuit, highlighting the need for financial experts to consider the challenges faced by individuals of varying income levels. Meanwhile, his discussion on investing fees reminded listeners to be mindful of excessive charges and the impact they can have on long-term investment results. In a constantly changing financial landscape, it is crucial to seek advice from various sources, analyze personal circumstances, and make informed decisions. While Ramsey's advice has proven beneficial to many, it is essential to remember that financial strategies may not be one-size-fits-all and should be adapted to individual needs and circumstances. As the world continues to grapple with economic uncertainties, staying informed and striving for sound financial management remain crucial elements of securing personal financial well-being. https://inflationprotection.org/dr-362-examining-inflation-the-dave-ramsey-lawsuit-and-the-impact-of-investing-fees/?feed_id=108977&_unique_id=648f7f1d7efac #Inflation #Retirement #GoldIRA #Wealth #Investing #CPI #DaveRamseylawsuit #DoughRollerMoneyPodcast #inflation #investmentfees #PPI #InvestDuringInflation #CPI #DaveRamseylawsuit #DoughRollerMoneyPodcast #inflation #investmentfees #PPI

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