$900,000 In Debt and Don't Know Where To Start
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 28 April 2026
⏱️ 10 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.0 | Me and my husband are in a big mess financially and we can't seem to get on the same page. |
| 0:13.0 | I'll kind of run down some numbers for you. It's pretty bad. We have student loan debt for my student loan debt, $52,000. |
| 0:23.6 | We have federal tax debt, $12,000. |
| 0:26.6 | We have a mortgage, $1.75. |
| 0:29.6 | And then we have personal loans that total about $331,652. |
| 0:39.3 | We have credit cards altogether that total 152,168. |
| 0:47.8 | And then we have business loans that are 199,382. |
| 0:53.7 | And business credit cards that are about 65,156. |
| 0:55.0 | 156. |
| 0:59.0 | So we have a big mess. |
| 1:03.0 | So you have a business that is failing? |
| 1:06.0 | Yes, the business has been struggling in the past. |
| 1:13.6 | Yeah, you're not making money and you've been financing it with all these loans. |
| 1:17.6 | Correct. Having too many people in payroll and not having... |
| 1:22.6 | You're not making a profit for whatever reason and you've been financing it for how long? |
| 1:28.3 | How long it's been since you made a profit? |
| 1:30.3 | Well, I mean, technically I did make a profit these last two years, but obviously I'm paying loans. |
| 1:40.3 | So the interest is obviously the only part I can deduct duck but cash flow i i don't have any cash |
| 1:47.9 | um yeah you're but you've been using i mean you you didn't use these credit cards these business |
| 1:54.5 | loans these personal loans these other credit cards all to finance the purchase of the business |
| 2:00.2 | you've been operating it at a loss and feeding it. |
... |
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