Colleges Are Selling Their Kids Out for Sponsorship Deals (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 21 November 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Dr. John Delony discuss: Taking out a personal loan to pay off debt, Getting traction in baby steps 4-6, Colleges selling out to sports betting companies, Pausing the baby steps after a personal loss. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Free Pizzeria
0:30.0	Live from the headquarters of Ramsey Solutions, broadcasting from the pods of moving and storage studios.
0:38.0	It's the Ramsey Show, where that is dumb, Cashe's King and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
0:48.0	We help people. Build wealth, do work that they love, and create actual amazing relationships.
0:56.0	Dr. John Deloney Ramsey Personality is my co-host today. Open phones, a triple-eight, eight, two, five, five, two, two, five.
1:05.0	Michelle is with us in Bend, Oregon, starting off this hour. I'm Michelle, how are you?
1:10.0	I'm great, thanks. How are you guys?
1:12.0	Better than we deserve. What's up?
1:14.0	So I was just curious. I was thinking about, my husband and I were talking about refinancing our vehicle,
1:22.0	and then taking a personal loan so we can consolidate our credit cards.
1:27.0	And I just want to know what you thought would be on it. It would be like almost half the interest that it was when I first got the car two years ago.
1:37.0	And then obviously the interest on the personal loan is way less than the credit cards.
1:42.0	So it makes sense to me that I wanted your opinion.
1:44.0	What's the balance?
1:46.0	On the cars 12,500 and the credit cards?
1:52.0	About 19,000.
1:54.0	Okay. And what's your interest rate on your car?
1:58.0	Currently, I think that 9%.
2:02.0	I think it's, yeah, I want to say it's between 79. I'd not certain.
2:08.0	And the new rate, if you're even asked, would be what?
2:12.0	I have a quote from credit comments for like 4.15.
2:20.0	Okay. I doubt that's going to happen in this current environment.
	...

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