Mom Borrows $7,000 From Son To Invest in Bitcoin: Dave Ramsey's Strong Stance
Sunday, 6 October 2024, 08:00
Mom's Financial Decision on Bitcoin
In a startling financial scenario, a mother decided to borrow $7,000 from her son to invest in Bitcoin. The son, concerned about the implications of this decision, sought advice from financial expert Dave Ramsey. Ramsey's response was unequivocal: this is wrong, and he insisted that the mother should return the money.
Dave Ramsey's Advice
Dave Ramsey is known for his no-nonsense approach to personal finance. He firmly stated, “When you borrow money from your child and they ask for it back, you have a moral obligation to return it.
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