Are You Ready To Break Out of Your Debt Cycle?

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 26 July 2024

⏱️ 121 minutes

🔗️ Recording | iTunes | RSS

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Summary

📱Download your Ramsey Network App today! Jade Warshaw & Ken Coleman answer your questions and discuss: "Should we go into debt to move to another state?" "My business is drowning in debt..." The absurdity of car loans, "Do I need life insurance?" "Keep paying off debt after getting laid off?" Support Our Sponsors: BetterHelp: https://www.betterhelp.com/Delony to get 10% off your first month MamaBear Legal Forms: mamabearlegalforms.com and use promo code RAMSEY to save 20% Zander Insurance: Go to zander.com or call 800-356-4282 for a fast and easy quote today. Health Trust Financial: Discover Top Health Insurance Plans, All in One Place. Yrefy: Call 844-2-RAMSEY or go to Yrefy.com/Ramsey Next Steps 🏠 Mortgage Calculator 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ☎️ Share your thoughts on The Ramsey Show & more! 🚢 The Live Like No One Else Cruise is booking fast! 📈For help with investing, get connected with a SmartVestor Pro. 💵 Start your free budget today. Download the EveryDollar app! 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 Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	from Ramsey. From Ramsey Network, it's the Ramsey Show, where we help people build wealth.
0:19.0	The work that they love and create amazing relationships.
0:22.0	I'm your host of Day, Jade Warsaw,'m your host today Jade Warsaw. Your other
0:23.6	host today is Ken Coleman in the house. We're going to take calls all afternoon
0:28.4	long. We're going to talk about your life, your money, your career. If you want to
0:31.5	chime in you can give us a call. The number is
0:33.4	triple 8 8. 2.5. 225 and we'll chop it up with you. All right let's go
0:38.9	straight to the phone lines where we've got Violet from Grand Rapids, Michigan.
0:43.2	What's going on, Violet?
0:45.0	A lot.
0:47.0	Tell us.
0:48.0	Definitely have a couple of questions for you.
0:52.0	So my family and I live in Southwest Michigan. We lost our
0:56.3	townhouse completely leveled to a tornado on May 7th. We were running in. We lost everything in it we did have renters insurance however it only covered
1:06.5	about half of our belongings so fast forward a couple of months we have moved
1:12.4	into a smaller place that is more expensive and here's my line of questioning here.
1:18.5	So we have, my husband and I have a total combined student loan debt of $150,000.
1:24.4	Okay. We have a car that we owe $12,000 on.
1:28.6	Our other car is paid off.
1:30.6	And we have total credit card debt of $10,000.
1:35.0	We were steadily starting to pay everything off
1:39.0	before this happened.
	...

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