December 13 - Online Discussion Question 3

Jim just graduated from high school and has decided to work for a year before going to college. He will need a car to get to and from his job at the mall. He has $2,000 saved that he could spend on a car, or he can drive his parent’s extra car—an old clunker that has seen better days. What advice would you give Jim?

December 13 - Online Discussion Question 2

String Melton surfed an online auction site on his lunch break, a harmless pastime until he found a ’65 Fender Stratocaster guitar up for auction with only 12 hours left. Suddenly, he was back in his parents’ garage with his high-school rock band. He bid $1,800, then called his sister to get her opinion. When she got his message she told him she’d let him know that night. His sister is a huge Dave Ramsey fan. How does she advise String?

December 13 - Online Discussion Question 1

Brad, a rising college senior, has a great summer job. He expects to clear $3,500 over the three-month break. His college expenses are covered, and he has no debt. His economics professor has offered to sell Brad, at a huge discount, a DVD entitled Seven Steps to Stock Market Success. The professor thinks the program is a slam dunk; he’s only selling it because he needs the money. Brad wants to put the money in a savings account. How do you advise Brad?