He is talking to Julie Gumm, author of the book: Adopt Without Debt: Creative Ways to Cover the Cost of Adoption.
I absolutely LOVE Dave Ramsey. He helped my husband I get completely debt free. We are huge fans of Financial Peace and the debt snowball idea. There are many other financial gurus, all with the same basic message: live debt free.
I found this intereview to be right up my alley. I definitely want to get Julie Gumm's book. I do believe that while adoption costs are high, there are a lot of resources and avenues that can be employed to adopt without going into significant debt -- thus one of the reasons we founded Because of Isaac.
Be forewarned. Dave is speaking to people wanting to adopt a child to "help the world." Not people adopting due to childlessness. to adopt a child. I found his response a tad on the callous side, and therefore attempted to do some research on Dave's take on infertility debt -- something that my husband and I were forced to enter into when we were doing infertility treatments.
I did some research on Dave Ramsey's website and found his take on financing infertility treatments or considering adoption. I thought that during these calls, Dave did an incredible job showing compassion and empathy for individuals having to make these difficult decisions.
- A debt before adopt? Question: Sharon and her husband make $90,000 a year with several thousand dollars in debt. They are considering infertility treatments. What does Dave say about starting a family while in debt?
- Pause the debt snowball for infertility treatments? Question: Eric in Wisconsin and his wife are down to two debts they’re paying off. They’re approaching their five-year anniversary and want to start a family. They want to consider some fertility treatments making $50,000 a year. Is it okay to pause the debt snowball for this?
- Heart Wrenching Story Question: Robin is incorporating fertility planning with Dave's financial planning. Insurance pays for most of the fertility planning and they pay their 20% with cash. They have $2,000 left in their fertility budget. She is 39 and feels "under the gun" personally and financially. Dave gives her a disclaimer and offers his best advice.