Dave Ramsey’s philosophies

Investing

…attached
Dave Ramsey’s Investing Philosophy (PDF)

NOTE: 

Dave Ramsey refers to mutual funds differently than others. Here’s a matchup:

• Growth & Income Funds – Large Cap and Blue Chip Funds
• Growth Funds – Mid Cap or Equity Funds
• International Funds – Foreign or Overseas
• Aggressive Growth Funds – Small Cap or Emerging Market Funds

Term Life Insurance

Question: Why purchase only a 20-year term life insurance policy at age 37?
Answer: If you follow my Total Money Makeover plan, you will begin investing well. Then, when you are 57 years old and the kids are grown and gone, the house is paid for, and you have $700,000 in mutual funds, you’ll become self-insured. That means when your 20-year term is up, you shouldn’t need life insurance at all—because with no kids to feed, no house payment and $700,000, your spouse will just have to suffer through if you die without insurance.