Doesn't the last step of Dave Ramsey's plan as an objective? To be able to give money away generously. I suppose each household should have a specified amount they plan to give away based on their maximum living standard.
Hi @Stephen Day ! Thank you for commenting…..The structure of building a plan should be able to accommodate the preference for bequests, as you suggest, and $0 should be a consideration. It is in life-cycle economics. What is interesting is that we can measure the living standard effect of more generous giving….Appreciate you!
Doesn't the last step of Dave Ramsey's plan as an objective? To be able to give money away generously. I suppose each household should have a specified amount they plan to give away based on their maximum living standard.
Hi @Stephen Day ! Thank you for commenting…..The structure of building a plan should be able to accommodate the preference for bequests, as you suggest, and $0 should be a consideration. It is in life-cycle economics. What is interesting is that we can measure the living standard effect of more generous giving….Appreciate you!