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Patient what you could book now and just pay later is that a good idea.
Personal finance expert Dave Ramsey joins us live from Nashville -- -- -- good morning it's great you book a fantastic vacation -- -- on to the beach slather on the sunscreen you had a couple drinks and you pay for later.
Well you -- -- ahead of time on lay away of course but you can booked -- vacation put down some money and then just like pulling away and item at the store.
You can go and -- -- and as you go prior to the vacations so little different than putting it on your credit card and better than doing that -- at least -- paying for the vacation.
But you gotta really watch for these and you got to know that whatever you paid down if you don't know you're probably going to -- -- how do you feel about for some people in our society not -- -- taking time off do you think it's important.
For overall success and happiness to make sure you get a vacation or is it more important earned.
Well there's did you know it depends on where you are overall in our culture you're right.
All kinds of product activity studies have shown that.
Time off each week you know all day a week like the -- -- kind of -- thing.
And certainly a vacation time with your spouse a date nights those kinds of things and time when your family at least once a year all of those things are indications of higher productivity.
And -- definitely a good way to go sometimes though you got yourself in a mess you gotta work like crazy for a year and clean it up.
So and the advice is if you do do one of those vacations make sure you watch out for the hidden fees also what about this phenomenon.
It seems like the younger people are actually better savers then their parents explained that.
Well -- -- -- there's all kinds of studies coming out that showing that there are saving like crazy which I am so excited about that is so fun.
Actually our interaction with that age group is showing one of two things they're either doing nothing in the completely irresponsible that's not a shock them or they're very very very serious they're not much in the middle ground there's not similar kind of mediocre -- into it -- -- all -- Or all out.
And when they're all in this millennial generation -- they are saving like crazy and I think it's because they realize that the government is spending itself.
Into the poor house and Social Security isn't going to be there and so they've got to be ready for their own retirement that part of that kind of healthy -- a good thing.
-- in really seem to see those of facts and figures that they're starting to save at 22 where is the baby boomer generation started thinking about saving.
At 35 whole new mentality there I'm with you -- think it's a great great idea and I know you encourage starting young even with your young kids at home.
Well absolutely because you start that whole.
Habit pattern you -- that savings muscle inside -- there and I'll tell you something else that we're seeing with them the kind of goes with this trend.
The ones that are sabres are also very generous they're concerned.
About changing the world they're concerned about helping people -- they know they need money to do that.
And so they're saving and building wealth with that kind and noble calling rather than just a consumption calling it well.
Dave Ramsey -- is from Nashville sir thank you very much -- -- as always.
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