Personal finance expert Dave Ramsey says too many people are placing their hopes in the wrong strategy. Depending on government policies to redistribute wealth has never produced lasting financial success for ordinary Americans, he warned.
That message came during a recent call with Laurie from Oregon on “The Ramsey Show.” At 69, Laurie had already retired after 30 years with a local government job, while her 71-year-old husband still runs his own business. Together, they've built a solid nest egg: about $500,000 in certificates of deposit and high-yield savings, $700,000 in retirement accounts, and a paid-off home worth around $400,000.
