Being "Normal" with Money Sucks, Be Weird!

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 15 August 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

📱Finish today's episode for free in the Ramsey Network app. Dave Ramsey & Rachel Cruze answer your questions and discuss: "My husband put us in $4.5 million in debt and I just found out," "Our lender wasn't transparent about fees," Dave reacts his advice from a 1995 TV show interview, "How do we pay off $130K in student loans?" "Do our kids really have no obligation to help us?" Support Our Sponsors: BetterHelp: betterhelp.com/Delony to get 10% off your first month The Wellness Company: urgentcarekit.com/ramsey for 15% off medical emergency kit Zander Insurance: Go to zander.com or call 800-356-4282 for a fast and easy quote today. Christian Healthcare Ministries: Find out more at https://info.chministries.org/dave-ramsey Churchill: Get started at ChurchillMortgage.com Next Steps 🏠 Find a Trusted Real Estate Agent 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💸Enter The Ramsey Cash Giveaway for a chance to win $10,000! 📚 Shop the $12 Sale to get life-changing tools to help you make real progress! 💵 Start your free budget today. Download the EveryDollar app! 🏠 How to Buy a Home Course 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.
0:25.3	Build wealth, do work that they love,
0:28.5	and create actual amazing relationships. Rachel Cruz, number one best-selling author, co-host of the Smart Money Happy Hour and Ramsey personality.
0:39.0	Also, my daughter is my co-host today.
0:41.0	Open phones at AAA 8, 825, 5225.
0:45.4	Thanks for hanging out with us America.
0:46.9	The call is free and some say the advice is worth.
0:49.6	Exactly what you pay for it.
0:51.4	Katie is with us in Los Angeles. Hi Katie how are you?
0:55.4	Hi I've been better how are you Dave better than I deserve what's up in your world
1:02.1	Well I am a stay-at-home mom of two young kids and my husband is a
1:07.6	business owner. I've been living with my head in the sand for the last couple of years as he's managed the money and I've just recently discovered how poorly he's been doing that. We are in a world of debt right now and trying to find a path out of it.
1:28.5	Okay. So what caused you to suddenly become aware?
1:35.0	He called me one day and said I'm going to tell you before you get home to see the
1:42.0	mail today but we got a foreclosure notice on our house
1:46.0	which was due to a second mortgage he took out on our house in order to purchase a warehouse for his business.
1:57.0	I naively thought, okay, I'm going to fix this, I'm going to cash out one of my 401k pay that off
2:06.2	get the house out of foreclosure and then we're going to move forward and do everything right from here on out.
2:13.4	That was very naive as I started to dig deeper.
2:16.2	I realized the trouble that the business was in.
2:20.9	He has a huge overhead and is not making enough to sustain that.
2:26.0	How old are you guys?
	...

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