$650,000 in Debt, Should I File Bankruptcy?
The Ramsey Show Highlights
Ramsey Network
4.5 • 838 Ratings
🗓️ 14 August 2024
⏱️ 9 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.0 | So I got myself in a bind, probably a total about $650 in debt. |
| 0:13.0 | What is it, man? |
| 0:16.0 | It's a little bit, that includes the mortgage. I took a heat lock out got a couple of um credit cards |
| 0:25.5 | hospital bills um the thing is i was i i had a very in the beginning i had a very savvy |
| 0:34.6 | like thought process you know trying to take some money out and invest. |
| 0:37.7 | I mean, real estate, I do wholesaling, and that was like the brunt of my income. |
| 0:43.8 | I got into a little health situation at the end of last year. |
| 0:47.8 | I had to do open heart surgery. |
| 0:49.5 | And then starting in January and February, it took some time for me to get the ball back rolling. |
| 0:56.7 | But business hasn't been as it was. |
| 1:00.3 | And just like right now, I'm literally right now, as I'm talking to you guys, |
| 1:04.2 | I'm pulled over on the side of the road because I just got done picking up an Uber each order |
| 1:09.1 | just to supplement my household income. |
| 1:13.0 | I'm married. I have five kids. My wife will stay at home because we have a one-year-old. |
| 1:19.0 | But as of right now, you know, we're trying to, you know, just trying to bring more income into the house. |
| 1:26.9 | Yeah. |
| 1:29.3 | Franklin, speak directly in your phone for us. |
| 1:30.9 | We're having a little bit of a hard time hearing you. |
| 1:33.0 | Sorry about that. |
| 1:33.6 | No, it's all good. |
| 1:39.6 | So you're doing side hustles right now to supplement the wholesaling stuff, which is in panning out. |
... |
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