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Dave Says: In an Emergency Get in Emergency Mode
Townhall.com ^ | September 11, 2012 | Dave Ramsey

Posted on 09/11/2012 12:19:42 PM PDT by Kaslin

Dear Dave,

One of my relatives just discovered she has cancer. She’s a single mom with two young kids, and I’m not sure if she’s prepared to face something like this. What are the best steps she can take financially at this point?

Shannon

Dear Shannon,

I’m really sorry to hear about this. I know cancer is a scary thing to hear, but please remember to pray and be there for her all you can. God willing, things can still turn out okay.

When people ask if a person has their affairs in order, they’re usually asking a couple of different questions. Are you right with God? Do you have life insurance and a will? Another important thing is to have all the paperwork of your life organized and in a safe place, so someone you trust can handle the details if things don’t turn out well.

Everyone should have a good term life insurance policy in place. My advice is to have a policy worth 10 times your annual income. When it comes to a will, make sure it’s state specific. Probate and estate regulations are not federal laws, they’re state laws. So any will should be drawn up according to guidelines for the state in which you live.

Make sure, too, that she has made arrangements for any minor children. It might be a good idea to sit down and talk with two or three trusted family members or close friends and decide who will take them if the worst should happen. Whoever this is should be incredibly responsible and caring, and willing to love and raise these kids as if they were their very own.

Good luck, Shannon. And God bless you and your family.

—Dave

Dear Dave,

My wife just received news that her company will experience significant layoffs in the next two months. On top of all this, she’s one of the newest workers there. We’ve been trying to follow your plan, but what should we do with the possibility of unemployment on the horizon?

Tyler

Dear Tyler,

It’s a pretty safe bet that your wife will lose her job, especially if she’s new to the company. If what she makes right now is a significant portion of your overall income, my advice would be to press pause on your Total Money Makeover and build up your savings as much as possible.

I love that you guys are trying to take control of your money, but right now there are storm clouds brewing in your financial lives. Sit down together and come up with a seriously belt-tightening budget. Scrape together every nickel you can from every area of your lives and put it into savings. Things like going to the movies or eating out are going to be a big no-no for a while. And you may have to look at the possibility of cutting some other non-essentials, like television. There’s nothing good on these days anyway!

If they do lay her off, she might be looking at a severance package, but at this point you can’t really count on that happening. So batten down the hatches and prepare for the worst while hoping for the best. The best way to do that right now is save, save, save!

—Dave


TOPICS: Business/Economy; Editorial
KEYWORDS: daveramsey; finances; money; ramsey

1 posted on 09/11/2012 12:19:46 PM PDT by Kaslin
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To: Kaslin; CSM

Dave Ramsey ping!


2 posted on 09/11/2012 12:23:35 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Kaslin

I find it funny that Ramsey considered a pregnancy to be an emergency(storm cloud mode). We know what causes pregnancy now. We can stop it from happening.


3 posted on 09/11/2012 12:27:02 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

I saw no mention of pregnancy in the article. Did I miss something?


4 posted on 09/11/2012 12:46:58 PM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: ken in texas

I didn’t say it was in the article.


5 posted on 09/11/2012 12:49:11 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

True, you didn’t say it was. You must be basing your statement on another article that I have not seen.


6 posted on 09/11/2012 1:27:13 PM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: ken in texas

Maybe this freeper is saying he’s found Dave Ramsey to be pro-abortion.


7 posted on 09/11/2012 1:38:26 PM PDT by George from New England
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To: AppyPappy; ken in texas
I find it funny that Ramsey considered a pregnancy to be an emergency(storm cloud mode). We know what causes pregnancy now. We can stop it from happening.

Okay AppyPappy, I'll bite. On what is your statement based? Link?

Considering that Dave's ministry is faith based, I seriously doubt he's pro-death, uh, I mean pro-choice.

8 posted on 09/11/2012 2:03:20 PM PDT by upchuck (If nobama is reelected and gets to choose more SCOTUS judges, this country is finished.)
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To: upchuck

Ever heard of birth control?


9 posted on 09/11/2012 3:15:19 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: upchuck
Since the question was evaded, I suspect the opinion might be based on Dave Ramsey's FAQ dealing with Baby Step 1: Emergency Fund: "An emergency fund is a rainy day fund, an umbrella. It is for those unexpected events in life: a job loss, an unexpected pregnancy, a car transmission going out, and so on...."

If that's the reference, I draw a different conclusion.

10 posted on 09/11/2012 3:34:43 PM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: ken in texas

Agreed.

After reading AppyPappy’s reply in nine, I have to say that NO manual birth control method (pills, shots, rings, diaphragms, etc.) is 100% guaranteed.


11 posted on 09/11/2012 3:43:13 PM PDT by upchuck (If nobama is reelected and gets to choose more SCOTUS judges, this country is finished.)
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To: upchuck
After reading AppyPappy’s reply in nine, I have to say that NO manual birth control method (pills, shots, rings, diaphragms, etc.) is 100% guaranteed.

Sterilization is. That's what I went with.

12 posted on 09/11/2012 8:50:38 PM PDT by OldPossum
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To: upchuck

Oh, I would add that was done in 1971. Still no babies.


13 posted on 09/11/2012 8:52:14 PM PDT by OldPossum
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To: AppyPappy

The reason he recommends that people go into storm cloud mode when they are expecting is so that they will have money saved up to pay for hospital expenses, etc.

http://www.mytotalmoneymakeover.com/index.cfm?event=dspAskDave&intContentItemId=6054


14 posted on 09/11/2012 9:16:27 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Correct but it is an expected expense, not a surprise or emergency.
Half the women on the Dave Ramsey forums were shocked to discover they were pregnant.


15 posted on 09/12/2012 4:59:47 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

That’s a bold claim. Care to back it up?


16 posted on 09/12/2012 8:26:46 AM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Do you want to read the Dave Ramsey forums or just admit that I know more about it than you do?


17 posted on 09/12/2012 9:59:49 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy; Altariel
Correct but it is an expected expense, not a surprise or emergency.

It's an expense, both immediate and ongoing, once you know your situation has changed. Pregnancy is generally a possible result of certain activity, but it can occur even when not expected.

Do you think that if someone drives a car they should expect to have an accident even though they drive carefully?

18 posted on 09/12/2012 11:14:56 AM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: ken in texas

If they drive without paying attention, they should. Pregnancy is a result of sex. If you have sex without birth control, you should expect to get pregnant.


19 posted on 09/12/2012 11:24:23 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

You haven’t established that you know more about it than I do.

What happened to your evidence? You made a bold claim. Let’s see it backed up.


20 posted on 09/12/2012 11:26:14 AM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: AppyPappy

Unless your method of birth control is abstinence, pregnancy is a possible result of sexual behavior.

Men and women even after sterilization procedures have become pregnant or fathered children.


21 posted on 09/12/2012 11:28:13 AM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: AppyPappy
I didn't say "If they drive without paying attention", I said "even though they drive carefully".

People can be in accidents even when paying attention, and pregnancy can occur unexpectedly or even when trying to prevent it.

Maybe if Dave renamed his "Emergency Fund" to "Unexpected Fund" you'd feel better.

22 posted on 09/12/2012 11:40:12 AM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: Altariel

So if I find one person on Dave Ramsey’s forum who was surprised to find they were pregnant, you will be satisfied?


23 posted on 09/12/2012 12:16:29 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy
I hate to point out the obvious but no one doubts that sometimes women are surprised to find out they are pregnant, in fact, some of them might even be on that forum.

This started when you claimed that Dave Ramsey stated that pregnancy was an emergency. If you want to cherry pick words and quote out of context go ahead.

24 posted on 09/12/2012 2:04:03 PM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: AppyPappy

If you substantiate your actual claim, I will be satisfied.

Your claim was not “one person” but “half”.


25 posted on 09/12/2012 2:57:09 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Would two be enough?


26 posted on 09/12/2012 3:10:03 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: ken in texas

It’s called “Stork Mode” which is the same as “Emergency Mode”. You pile up cash and pay minimums on debt.


27 posted on 09/12/2012 3:11:02 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy
It’s called “Stork Mode” which is the same as “Emergency Mode”.

You call it "Stork" while in Dave's terms he uses "Emergency". But they're the same thing. Now I understand... have a good day.

28 posted on 09/12/2012 3:21:23 PM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: Altariel
Men and women even after sterilization procedures have become pregnant or fathered children.

Now, that got my attention. I don't know the situation with women but my urologist checked for sperm in the ejaculate for two weeks after the surgery. It would seem to me that any reputable doctor would do the same. This ensures that the vasectomy was effective. Now, problems could occur (the tubes could re-connect) but that would be really, really unusual.

As I noted earlier, my surgery was done in 1971 and it WAS effective. I'm 72 and there are no children hanging around.

29 posted on 09/12/2012 5:41:51 PM PDT by OldPossum
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To: OldPossum

I didn’t claim it happened in all cases. I am speaking of possibility.

It is a rare instance, but it does happen.

http://www.ivillage.com/vasectomy-my-wife-pregnant/6-n-138362


30 posted on 09/12/2012 8:04:46 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: AppyPappy

Is “two” equivalent to “Half”?


31 posted on 09/12/2012 8:05:40 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Yes.


32 posted on 09/13/2012 4:51:38 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

So out of only four posts on the subject, you made a broad sweeping judgment on the whole board for the opinions of two people?

And yet, the four posts have not yet been presented. Let’s see them.


33 posted on 09/13/2012 7:11:31 AM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Would four posts be enough to satisfy you?


34 posted on 09/13/2012 7:36:41 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

So out of only eight posts on the subject, you made a broad sweeping judgment on the whole board for the opinions of four people?

And yet, the eight posts have not yet been presented. Let’s see them.


35 posted on 09/13/2012 7:47:22 AM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Will four be enough to suit you?


36 posted on 09/13/2012 7:57:44 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

So out of only eight posts on the subject, you made a broad sweeping judgment on the whole board for the opinions of four people?

And yet, the eight posts have not yet been presented. Let’s see them.

Given the simplicity of substantiating your claim, I wonder that you have failed to do so.


37 posted on 09/13/2012 8:44:37 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

So how about 3? Would that be enough? You need to quantify your baseline.


38 posted on 09/14/2012 4:48:00 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

You’ve already qualified it. “Half”.

50%

.50

1/2

You have since been backpedaling from your own claim; a curious stance, if it were indeed demonstrable.


39 posted on 09/14/2012 3:08:39 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Altariel

Is 4 enough?


40 posted on 09/14/2012 7:46:00 PM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: Altariel
Looks like the Keyboard Kommando is still having trouble with his numbers.

He's probably hoping you abandon the thread so he can come back later and declare victory. /s

41 posted on 09/16/2012 6:41:47 AM PDT by ken in texas (I was taught to respect my elders but it keeps getting harder to find any.)
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To: AppyPappy

You’ve already qualified the percentage of threads. “Half”.

50%

.50

1/2

You have since been backpedaling from your own claim; a curious stance, if it were indeed demonstrable.


42 posted on 09/16/2012 7:52:00 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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