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The Ramsey Show Highlights

Are We Bankrupt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 27 October 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today's episode features Jade Warshaw & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices 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. Start budgeting for free today.

0:06.4

What's going on, Kylie?

0:08.1

Hi there. Thanks for taking my call.

0:10.3

You bet. What's going on?

0:12.2

Okay, so my husband and I are in a situation. So right now, we are just not making end meet.

0:19.8

We're in the negative every month.

0:22.1

And I'm trying to figure out if we are bankrupt or if we, I don't know, we don't see

0:27.7

another way.

0:28.2

We're just trying to figure that out right now.

0:30.1

So the bills that you have were not paying the bills that we have.

0:34.1

And I'm assuming there's debt as well, right?

0:36.7

Yeah.

0:37.4

So we have debt. We can, so we're paying our bills. We're not behind on like food,

0:41.7

house, electricity. Many of what we're doing the, taking care of ourselves. And you're paying

0:45.9

minimums on the debt as well? Yes. Okay. Yep. So can you kind of list out the debt for us?

0:51.5

Yes. So we have, um, 80,000 in student debt, which we're not paying

0:58.1

on. And I'm in school, so it's all deferred. That doesn't exist. Are you still accruing? Hold on. Are you

1:04.1

still accruing student loan debt? I think technically it opens up this weekend, right? No, I mean, you said you're still in school.

1:12.9

So I'm saying, are you still continuing to take loans to pay?

1:15.2

I am getting, yeah.

1:17.2

Girl, we're going to talk about that?

1:20.1

We'll talk about that.

...

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