Bro, You’re Broke!

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 11 March 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.3	Let's talk to Matt in Pittsburgh, PA. What's going on, Matt?
0:11.0	Hey, I am 23 years old, and I am $157,000 in student loan debt.
0:18.4	Yikes. I just don't know how to get out of it.
0:21.5	What'd you study, brother?
0:24.1	I was originally engineering, but switched to biochemistry and therefore lost my academic
0:30.9	scholarship, and now I'm disfarned it.
0:35.1	What do you do for living now?
0:39.2	I work as a medical lab tech at a hospital here in Pittsburgh.
0:43.2	What are you earning?
0:45.8	I'm sorry?
0:46.8	What are you earning?
0:49.5	Take home is about 2,600 a month.
0:52.5	Okay.
0:53.8	Do you have any other debt? No. Okay. What's your
1:00.6	living situation? I'm currently running an apartment with roommate.
1:07.3	Roommates? Okay, so what are you paying in rent every month?
1:13.1	With utility is $5.50.
1:14.5	$5.50? Okay, good.
1:18.5	Okay, good news is your rent is in a good spot.
1:23.7	What else do you have? No car payment, nothing like that, right?
1:25.1	No.
	...

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