Young Earners, Dave Ramsey Warns Against This Savings Pitfall That Could Cost You

Key Takeaways Parking a large inheritance in a low-yield CD can quietly cost young earners hundreds of thousands in missed growth over time. Ramsey told a 23-year-old with an inheritance to learn how investing works, use growth stock mutual funds, and leave the money alone. Research from DALBAR and the CFA Institute shows that investor behavior is why many people fall short over the long run. A 23-year-old caller named Jackson recently told Dave Ramsey he has $450,000 sitting in a certificate of d ...