Personal finance expert Dave Ramsey recently tore into the idea without hesitation when a caller shared concerns about her mother's financial choices. The woman's mom, who has a history of poor financial decisions, recently started dating a wealthy man. After just six months, she's considering quitting her job, selling her house, and living off his money.

Ramsey’s response? That's not a financial plan—that's a disaster waiting to happen.

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The Risk of Relying on Someone Else's Money

Ramsey pointed out the obvious risks. If things go well, sure, the mom gets to enjoy financial comfort without working. But what if the relationship falls apart? Without a job, a house, or her own income, she could end up with nothing.

He clarified that the best- and worst-case situations should always be taken into account while making financial decisions. It’s not a good idea if the worst case scenario would put someone in a dire situation. “Don’t bet your future on someone else’s wallet,” he warned.

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Marriage Changes the Discussion

One key point Ramsey made was the importance of legal protection. If marriage was on the table, the conversation would be different. “I’m not saying the guy’s a horrible guy. I’m saying this is a horrible deal for your mom,” he said, adding that without a ring and a legal commitment, the mom would be taking a huge gamble by giving up her financial independence.

He described the situation bluntly: “If you quit your job and move in with somebody and sell your house that’s rich, that’s called a sugar daddy.”

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A Lesson in Financial Security

His advice is this: Before making a major life change, ask yourself, If this doesn't work out, will I still be okay? If the answer is no, then it's time to rethink the decision.

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