Admit Your Financial Mess—Then Clean It Up

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 14 July 2025

⏱️ 126 minutes

🔗️ Recording | iTunes | RSS

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Summary

🔗⁠⁠⁠⁠⁠ ⁠⁠⁠⁠Share the Ramsey 101 Playlist!⁠⁠⁠⁠⁠⁠ George Kamel and Ken Coleman answer your questions and discuss: "Can someone tell me that I need to stop trading and focus on debt repayment?" "How can we keep the IRS from taking my grandmother's retirement funds?" "We bought land with family. Should we build a house on it?" "How do I attract clients for my business?" "Should I pay off my low interest rate mortgage?" "We are losing more in fees on our universal life policy than we put in" "We moved in with my in-laws to save for a down payment. Was that a wise decision?" "How do I talk to debt collectors about settling?" "Should I sell my crypto to pay off debt?" "How do I combine finances with my wife?" Next Steps: ✔️⁠⁠⁠⁠⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠⁠⁠ ⁠send us an email.⁠⁠⁠⁠⁠⁠ 📱 ⁠Get episodes early in the free Ramsey Network app!⁠ 📈⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠ 💵⁠⁠⁠⁠⁠ ⁠Start your free budget today. Download the EveryDollar app! 🛍️ 5 Days. Different Deals Daily. Shop Summer Black Friday!⁠⁠⁠⁠⁠ 🛡️⁠Get trusted insurance coverage that fits your budget.⁠ Connect with our Sponsors: Stop paying more and start shopping smarter at ⁠ALDI⁠ Get 10% off your first month of⁠ BetterHelp⁠ Go to ⁠Boost Mobile⁠ to switch today! Learn more about⁠ Christian Healthcare Ministries⁠ Get started today with⁠ Churchill Mortgage⁠ Get 20% off when you join ⁠DeleteMe⁠ Go to⁠ FAIRWINDS Credit Union⁠ for an exclusive account bundle! Find top Health Insurance Plans at ⁠Health Trust Financial⁠ Use code RAMSEY to save 20% at ⁠Mama Bear Legal Forms⁠ Visit⁠ NetSuite⁠ today to learn more For more information, go to ⁠SimpliSafe⁠ Use promo code RAMSEY for 18% off at ⁠The Nokbox⁠ Get started with ⁠YRefy⁠ or call 844-2-RAMSEY Visit⁠ Zander Insurance⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠⁠⁠⁠The Ramsey Show Highlights⁠⁠⁠⁠⁠ 🧠 ⁠⁠⁠⁠⁠The Dr. John Delony Show⁠⁠⁠⁠⁠ 🍸 ⁠⁠⁠⁠⁠Smart Money Happy Hour⁠⁠⁠⁠⁠ 💡 ⁠⁠⁠⁠⁠The Rachel Cruze Show⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠⁠ 📈 ⁠⁠⁠⁠⁠EntreLeadership⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Ramsey Solutions Privacy Policy⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:07.4	Start budgeting for free today.
0:14.6	From the Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing
0:21.8	relationships. I'm George Camel, joined by my good pal, Mr. Ken Coleman. Let's do it. There we go.
0:27.4	That's the attitude we need. The number to call if you want to join the conversation is
0:31.3	AAA 825-5-225. We are ready, willing, and hopefully able to assist you in whatever ails you today.
0:40.2	And Christopher is going to join us up first in Boston, my hometown. What's going on, Christopher?
0:45.3	Hi, how's it going?
0:46.6	Good. How are you?
0:49.1	Well, I've been better, but hopefully you can help me out with that.
0:53.1	I was going to say, no matter what you were about to say, you didn't sound like a bundle of joy when you started that out.
0:58.5	So what's going on?
1:01.2	Well, I've noticed you guys have had a few day traders in the show, and I figure you could help me with my personal addiction.
1:10.6	I'd like to say that I'm just smart enough to understand markets,
1:14.1	but just stupid enough to think that I can make money doing it.
1:17.6	Based on your tone, it sounds like you have not made money doing it,
1:21.2	or you at least have lost money since then.
1:24.1	So I started investing about five years ago,
1:36.5	and it's been a slow trickle stream of trying my best to learn markets, get in and out, and pay for courses even.
1:45.0	Well, let's make sure we're clear. Investing is a very different game. What you've been doing is gambling and speculation.
1:50.1	It would be very difficult for me to argue with you.
1:54.0	Okay. I'm not trying to dog on you. I just want to make it clear for everyone listening because they think like you that, hey, I'm investing. Dave says investing is good. This is very different.
	...

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