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Pittsburgh man tells Dave Ramsey he wants to marry his girlfriend of 8 months — but balked when she suggested a prenup
Mike, 36, from Pittsburgh called into The Ramsey Show for advice on his relationship's next steps. He told Dave Ramsey, 'I want to propose to my girlfriend, but we disagree on finances.' Mike quickly expanded that the couple discussed their potential future together — including his intention to combine their relatively similar assets — devolved when she requested a prenup in order to keep their finances separate. 'I see no reason for [the prenup],' said Mike. Dave Ramsey and Jade Warshaw agreed. 'So, you're not ready to propose,' said Ramsey. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Getting on the same page before marriage Mike recently sold a piece of land and will walk away from the deal with $180,000. He's made a budget and plans to use those funds to pay down the mortgage on his own home and be mortgage-free within four years. As they've gotten more serious, Mike broached a conversation about his intention to combine their finances in the future. Eventually, once they potentially marry, he wants to buy a bigger home with his now-girlfriend. His girlfriend, who owns a rental property of her own, doesn't want to combine finances at all, even though their assets are similar and she doesn't come from a wealthy family. Instead, she wants the prenup to outline individual assets and keep their money separate. In fact, she represents 50% of American adults who are open to prenups and hers would represent one in five marriages that actually have one, if she were to go through with getting it. However, after learning the couple has only been together around eight months, Ramsey advised against jumping into an engagement right away. 'You've got some more work to do on this relationship before it becomes a marriage.' Ramsey pointed out that, 'The number one cause of divorce in North America is disagreements over money.' With that sobering statistic in mind, Ramsey suggested the couple get on the same page about money before taking things any further. According to Ramsey, disagreements about money generally reflect a deeper misalignment of values, which is important to work through before getting married. 'I think you scared her,' said Ramsey. She might not be ready to combine her finances due to other fears, particularly around completely trusting a spouse with combined finances. 'What it sounded to me like what she was dealing with was fear-based and it wouldn't have mattered who the guy was,' said Warshaw. But when considering marriage, Mike and his girlfriend still have work to do. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Financial red flags that can predict a breakup Financial disagreements can put strain on any relationship. In fact, a recent survey from the New York Post found that 32% of Americans are uncomfortable discussing finances in their relationship. And 44% worry that discussing finances with their partner will lead to disagreements. If you cannot openly discuss finances with your partner, it's often a red flag. When sharing your life with someone, the ability to openly dialogue about big picture issues, including money, is critical. When a partner actively avoids talking about finances, it can put an ongoing strain on your relationship. After all, anytime you need to make a household money decision, the lack of communication could quickly lead to an issue. In Mike's relationship, Dave already spotted one financial red flag: this couple has mismatched goals. Mike wants to pay off debt and interweave their finances. In contrast, his girlfriend wants to keep her assets protected, just in case. This pre-made exit strategy represents a red flag in Ramsey's eyes. Another potential red flag is when your partner hides financial information from you (the extreme end of this is financial infidelity). While you might not talk about money on your first date, you'll want to put your cards on the table as the possibility of marriage enters the relationship and as managing shared finances becomes a part of the equation. If one or both partners can't bring themselves to share their financial situation, it could represent an impasse for the relationship. And it can take multiple conversations and time to work through this new chapter together in a thoughtful and strategic way. Another issue can be being on different timelines. For example, wanting to be mortgage-free by 45 while another individual is okay with delaying this milestone if it means travelling and enjoying life a little more. One option is to enlist the help of a pre-marriage counselor — a suggestion Ramsey made to Mike. Building a joint value framework together that both parties can agree on and make decisions with can help this couple step into their marriage with confidence and not fear. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
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20 minutes ago
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Trade deals fuel Wall Street gains while Trump renews Fed attack
Wall Street closed the week higher, with tech-heavy indices notching fresh records as upbeat corporate earnings, resilient macro data and breakthrough trade deals converged to boost risk appetite. The U.S. finalized new trade agreements with Indonesia, the Philippines and Japan. The Tokyo deal was the most significant, locking in a reduction in tariffs on Japanese autos and goods from 25% to 15%, while Japan pledged $550 billion in investment and improved access to American-made goods. A U.S.-EU trade deal is now reportedly close, expected to align with the Japan framework and potentially ease existing tariff rates ahead of the Aug. 1 deadline. Separately, President Donald Trump signed an executive order to boost the U.S. artificial intelligence sector by promoting the export of full-stack AI systems to trusted global partners. The White House said the move is aimed at strengthening economic leadership and national security. Among the week's strongest performers, Thermo Fisher Scientific rallied over 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%. Within the Magnificent Seven, Alphabet rose by 1% after delivering better-than-expected results and raising its 2025 capex outlook by $10 billion, reinforcing its commitment to scaling AI infrastructure. More: S&P 500, Nasdaq 100 hit fresh highs as even retail scores wins over the week Tesla dropped 8.2% following cautious commentary from CEO Elon Musk, who warned that upcoming quarters could prove challenging amid rising costs and margin pressures. Economic indicators added fuel to the rally. U.S. business activity surprised to the upside, with the Composite Purchasing Managers' Index climbing to a seven-month high in July, helped by expansion in services and steady consumer strength. Trump's push to influence monetary policy continued with an unannounced visit to the Federal Reserve's headquarters in Washington, D.C. — the first by a sitting president in nearly 20 years. Wearing a hard hat alongside Fed Chair Jerome Powell, Trump criticized the central bank's renovation project, claiming costs had surged to $3.1 billion. Powell countered on the spot, clarifying that the real cost is closer to $2.5 billion, excluding unrelated construction. Pressed on rate policy, Trump said, 'I'd love to see him lower interest rates.' Markets now shift focus to the July 30 Fed meeting, where expectations remain anchored for a hold — but not without growing political heat. Benzinga is a financial news and data company headquartered in Detroit. This article originally appeared on Detroit Free Press: Trade deals fuel Wall Street gains while Trump renews Fed attack Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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31 minutes ago
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5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Many luxury SUVs are getting big price cuts as 2025 comes to an end. Dealers have more cars than buyers, and many models are changing or getting replaced. According to Lauren Fix from Car Coach Reports, high prices and slow demand mean better deals for Americans searching for a luxury SUV. Discover More: For You: Rising loan rates and expensive insurance make owning a luxury SUV even harder this year. Electric SUVs have the sharpest price drops, but gas-powered models are not immune, especially those facing a redesign. Waiting until late in the year could help buyers find bigger discounts as dealers try to move outgoing models. Here are five luxury SUVs with the largest price drops expected before the end of 2025. BMW iX The BMW iX is dropping in price quickly as new electric models and tech updates come out. According to Kelley Blue Book, the BMW iX xDrive50 can lose $51,000 in value over five years, keeping only $37,000 of its original price. Dealers are discounting the iX to clear space for new versions and match slow demand from buyers. Fix notes that struggling sales and a high starting price are leading to strong incentives on the iX. Americans shopping for this SUV in late 2025 could see lower prices and special finance offers from dealers. Patience may pay off for those waiting until the model year ends. Check Out: Mercedes-Benz EQE SUV 'Overproduction and weak consumer interest in all-electric luxury SUVs, including the Mercedes-Benz EQE SUV,' Fix said. Large price drops are common as electric SUV demand slows and new features make older models feel outdated. Earlier this year, when Mercedes-Benz rolled out massive discounts on 2025 high-end EVs, the EQE SUV price was slashed by $8,000. Fix added that high lease returns put even more pressure on dealers, making it easier to bargain for a good deal. Many buyers pick newer technology, which means current models are often discounted by the end of the year. With these developments, it'll be smart to watch out for extra incentives, stacked on top of already lowered prices, before 2025 ends. Cadillac Lyriq The Cadillac Lyriq sees regular markdowns, with more cars than buyers available at most dealerships. According to GM Authority, current deals include low-interest loans, cash rebates and lease offers with extra perks. Buyers can find a $2,000 incentive if they own a vehicle from another luxury brand, plus loyalty bonuses from Cadillac. Fix points out that Cadillac is lowering prices to keep up with new, cheaper rivals offering longer range. As a result, late 2025 could bring even deeper discounts for those ready to buy or lease. Big rebates and extra cash back help buyers get more value for a new Lyriq. Audi Q8 e-tron Audi's Q8 e-tron is about to be redesigned, and dealers are eager to sell the current version. According to Kelley Blue Book, it can lose more than $50,000 in value over five years, leaving a resale price of nearly $23,000. This full-size electric SUV is getting marked down as stores look to avoid old inventory stacking up before new versions launch. Fix explains that strong competition from other electric SUVs adds to the downward price pressure. Watch for deep discounts at stores hoping to clear the Q8 e-tron before the next big update. Buyers can use this timing to ask for better deals and incentives. Genesis GV60 The Genesis GV60 is losing value fast because it is less well-known and faces heavy competition. Kelley Blue Book lists cash-back deals, with special bonuses for groups like first responders, college graduates and military members. Dealers have also advertised extra incentives for those choosing a Genesis over other luxury brands. Fix shares many Americans pick more established luxury names, giving power to those willing to make a switch. Newer electric SUVs with better features cause GV60 prices to stay low through deep discounts and rebates. Waiting for year-end clearance could help buyers save even more. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
