Can You Afford to Light $80,000 on Fire and Walk Away? (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 2 August 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: EveryDollar, budget for the life you want today for free: Click Here "Can I afford to buy my dream car?" Paying off $27K in credit card debt, "Should I pull from my TSP?" "Should I sell my car or pay it off?" "Sell our house to pay off student loans?" Support Our Sponsor: Zander Insurance BetterHelp Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Enter The Ramsey Cash Giveaway for a chance to win $3,000! https://bit.ly/TRSCashGiveaway Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Music
0:28.0	Live from the headquarters of Ramsey Solutions, broadcasting from the pods of moving and storage studios.
0:35.0	It's the Ramsey show where we help people build wealth, do work that they love and create actual amazing relationships.
0:46.0	J. Washall Ramsey Personality is my co-host today as we answer your questions about life and money.
0:51.0	The phone number is 825-5225.
0:55.0	Michael is in Seattle. Hey Michael, how are you?
0:58.0	Okay, I'm good Dave. How are you?
1:00.0	Better than I deserve. What's up?
1:02.0	Yeah, so I've done the right things.
1:06.0	My whole life financially, I actually discovered you guys once I was on a really formidable path and kind of in a good place.
1:13.0	But being in a lot of the Ramsey values aligned with how I already felt, I started kind of watching some YouTube videos, whatever.
1:20.0	It's always good to find other people that are right.
1:23.0	I like confirmation bias as well.
1:27.0	But so like long story short, I'm in a position now where I, you know, all the big purchases are done and settled down.
1:37.0	And I kind of want to treat myself to a second car, a sports car, and it just feels a little wasteful just for the fact that I know that I could do better things with my money.
1:49.0	Like just even leave it in, you know, an online savings account right now at four and a half percent.
1:54.0	And you know, that's still taking up, right?
1:56.0	So it just feels a little wasteful trying to figure out.
1:59.0	What's the cost?
2:00.0	All the time.
2:01.0	The car would be like 80 after it's all said and done.
2:04.0	What's your net worth?
	...

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