All About Family Money Drama!

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 19 June 2024

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Start your free budget today. Download the EveryDollar app! Dave Ramsey & Rachel Cruze answer your questions and discuss: "I did a bad deal with my parents and now I'm not getting paid," "Is it possible to build wealth while renting?" Why you don't need to build your credit score if you don't plan on borrowing money, "I'm tired of paying so much in taxes..." "My husband gambled away our HELOC," "My wife is a compulsive shopper" "What can I do to stop overdrafting my account?" Support Our Sponsors: BetterHelp NetSuite Zander Insurance Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🚢 The Live Like No One Else Cruise is booking fast! 📚 Teach Kids About Money! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build well do work that they love and create actual
0:28.3	amazing relationships. The phone number here is AAA
0:32.8	825.
0:34.2	5. 225 Rachel Cruz, number one best-selling author, co-host of the Smart Money Happy Hour
0:40.1	Podcast along with in YouTube show, along with Mr. George Camel.
0:44.0	I also my daughter. She's my co-host today. Open phones a triple 8 825
0:49.0	5. 225. Nathan starts this hour in Anchorage, Alaska. Hi Nathan, how are you?
0:57.0	Doing well Dave, how are you?
0:58.5	Better than I deserve. What's up?
1:01.5	Hey, calling in, I built a duplex with some family members last year. I got out
1:10.0	everything I put into it but I was supposed to get a paycheck at the end of the summer and it ever came and the relationship with the family members hasn't been great after that.
1:20.0	Just kind of curious what your thoughts on what I should do.
1:25.0	What did you learn from this process?
1:29.0	But I don't want to do any deals with family anymore.
1:32.8	Disagree.
1:34.8	I disagree.
1:35.8	I think you should have learned you don't want to do deals that aren't clearly defined
1:39.6	and written down with anyone ever, because you guys did this out of your ear and your rear and
1:46.6	don't even know what the other one agreed to. We had it written down. Oh you do. Do you have a contract with your family member that they're violating?
1:57.0	Yes. Why are they choosing not to pay you? Why are they defaulting on the contract?
2:02.0	They're wanting to just extend the term.
2:06.0	They're not wanting to pay out right now and that's my parents.
	...

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