June 7, 2016 • Page 2 shop online at www.missourivalleyshopper.com Dave Says Should They Get Insurance? By Dave Ramsey Dear Dave, My wife and I are both in our early 20s, we’re debt-free, and we’re just a couple of months away from having a fully loaded emergency fund of six months of expenses. We both also have 401(k) plans at work, and we’re looking forward to starting additional investments later this year. Right now, we’re trying to decide on which life insurance policies to buy. I know you always recommend term insurance, but how long should the coverage last? Would you suggest 15-, 20- or 30-year policies? —Anonymous Dear Anonymous, Wow, it sounds like you two are starting your lives together on the right foot. Congratulations on being super smart with your money! I recommend 15- or 20-year level term policies, unless you have children. I’m assuming kids are not in the picture, since you didn’t mention any. Then, if you decide to grow your family at some point down the road, I’d advise converting Dave RAMSEY those to 30-year term policies. The idea behind this is you want the insurance to be there to protect everyone in the family until the kids are out on their own and established. In the meantime and in the years after, your continued saving and wealth building will lead you to a place where you and your wife are self-insured. Way to go, guys. I’m proud of you! —Dave How much house? Dear Dave, Based on your annual income, how do you determine how much house you can afford? —Ryan Dear Ryan, I always tell folks never get a home loan where the monthly payment is more than a fourth of your take home pay. I’m talking about basing this on a 15-year, fixed-rate mortgage. Twenty-five percent of your monthly take home pay is the absolute most you should have going out the door toward a mortgage payment. I realize that’s a pretty conservative number in most people’s minds. You can actually, technically qualify for almost twice that figure. But I think having that much of your paycheck going toward house payments is pretty dumb. Your shortest, quickest path to wealth is being debt-free. And when most of your money isn’t flying out the door to make payments on stuff, it’s easy to build wealth and increase your level of generosity! —Dave Dave Ramsey is America’s trusted voice on money and business, and CEO of Ramsey Solutions. He has authored seven best-selling books. The Dave Ramsey Show is heard by more than 11 million listeners each week on more than 550 radio stations and digital outlets. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com. Dining & Entertainment St. Benedict Parish Rummage & Bake • • • • Wednesday, June 8th • 8AM-8PM • Thursday, June 9th • 8AM-8PM • Friday, June 10th • 8AM-12PM • 1500 St. Benedict Dr., Yankton 1 mile west of Walmart & 1 block south, held in the elementary school gym Looking for the best deal in town? Check the CLASSIFIEDS! Bake Sale Wednesday ONLY! Park it in the CLASSIFIEDS and watch it go fast! MV Shopper MV Shopper M I S S O U R I VA L L E Y MV Shopper 319 Walnut St. Yankton, SD 57078 MV Shopper M I S S O U R I VA L L E Y Kitchen and household items, furniture, linens, books, small furnishings, appliances, shop supplies, office supplies, knick knacks, toys, lawn & garden items and clothing (men’s, women’s, & children’s, all sizes.) The real growth of Dewey’s company began after The Weekly Miracle ran that story about his fertilizer empire. The young reporter might have gone overboard a bit by writing “… with a pure heart, strong arms and a shovel, Dewey Decker pioneered a civilization based on cow manure.” Maybe just a little… But the truth was, Dewey is so accident prone, shoveling “product” into people’s yards was the only thing he found he could do without 1. Ruining expensive equipment and 2. Damaging his body with anything that might be sharp. He was tired of knowing everyone in the local emergency room on a first-name basis. But the expansion became evident when his sideline, vermiculture (feeding worms) began appearing in bait shops all over the state. This was the brainchild of Dewey’s girlfriend, Emily. Her magnificent cheekbones were only outshadowed by her belief in Dewey. Soon she was referring to their vermicultural activities as the “Fishing Functionaries Department.” If there had been a way for Emily to train the worms to be more attractive to trout, she would’ve tried that, too. But the worms did well, catching fish when not busy munching “product,” and the result was more money than Dewey knew what to do with. So he bought an acre, establishing large bins for the worms and began bagging and selling the resultant worm castings as House Plant Magic. It worked. If people’s yards and houseplants could talk, they’d thank ol’ Dewey for their greenness and vitality. With the success of Dewey’s red wigglers, his thoughts now began turning toward nightcrawlers. Life is good. M I S S O U R I VA L L E Y 605-665-5884 Need people to find your business? Get your display ad here! MV Shopper MV Shopper In Print and Online! • Call 665-5884 M I S S O U R I VA L L E Y Participating Businesses Are… M I S S O U R I VA L L E Y www.missourivalleyshopper.com 665-5884 Czech Days Rita’s M I S S O U R I VA L L E Y 68th l Annua Thursday – June 16: Rich Schild Memorial Fireworks Display following Bluebird baseball game with Lesterville Heritage Presentation Program - 5 p.m. Friday – June 17: Giant Parade – 1:00 p.m. Kolache baking Demonstration - 3 p.m. Beseda Dancers - 8:30 p.m. Saturday – June 18: Kolache Krawl 5K Fun Run/Walk – 7 a.m. Leonard Cimpl Baseball Park Kiddie Parade – 11:00 a.m. Czech Meals Served Friday & Satu rday ONLY Queen Madison Dangler Prince Memphis Kaul Princess Elyse Torsney Saturday – June 18: (Cont.) Kolache Baking Demonstration - 1 p.m. Czech Days Queen Coronation - 9 p.m. Sunday – June 19: Benefit Pick-up and Tractor Pull - Noon Merriam’s Midway Shows Carnival Thursday – Sunday (Wristbands Thursday and Sunday only – Advance Tickets anytime) Purse–o–Nalities Riverfront Event Center Brunick FURNITURE & FLOORING Fun for the Whole Family! Carnival Rides, Music, Kolaches, Craft Fair, Dancing & Traditional Czech Foods, Tabor, SD Lewis & Clark EL RIAD TEMPLE Presents The 70TH ANNUAL CRANE YOUNGWORTH FIELD YANKTON, SOUTH DAKOTA Friday, June 18 1 p.m. & 7 p.m. J&H Cleaning Services YANKTON WORKS Want your REAL-TIME MESSAGE on the most visited media website in the Yankton area? Join our ‘Friends2Follow’ program! Contact your Yankton Media Representative today! All concessions will be handled by the Shrine Club and will be reasonably priced. 605-665-7811