Debt Won’t Fix What Discipline Can

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 28 July 2025

⏱️ 126 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠ Jade Warshaw and Rachel Cruze answer your questions and discuss: "How do we recover from 2 hurricanes and being sued by credit card companies?" "How do we handle debt now that our financial situation has changed?" "How can we travel outside of the country without a credit card?" "Should I use a $400k settlement to pay off a bankruptcy?" "How do I get my husband on board with the Baby Steps?" "My 15-year-old daughter is an influencer and has saved $100k for a car. How much should she spend?" "Should I pay off my house before retirement?" "Was buying a mobile home a mistake?" "My husband gave away all of our retirement money in a scam," "Should I pay off my debt before going back to school?" "My daughter is paying me back $50k. How do I make sure I'm responsible with this cash coming in?" "Can we pay for a honeymoon while on Baby Step 3?" "Am I a burden to my husband?" "Do I make enough money to move out on my own?" Next Steps: 🏡 Check out our Mortgage Calculator ✔️⁠⁠⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠⁠ ⁠send us an email.⁠⁠⁠⁠⁠ 📱 Get episodes early in the free Ramsey Network app! 📈 For help with investing, get connected with a SmartVestor Pro. 💵⁠⁠⁠⁠ ⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠ 💗 Two Weekends. One Life-Changing Experience. Get away with your spouse in Nashville. Connect with our Sponsors: Stop paying more and start shopping smarter at ⁠⁠⁠⁠ALDI⁠⁠⁠⁠ Get 10% off your first month of⁠⁠⁠⁠ BetterHelp⁠⁠⁠⁠ Go to ⁠⁠⁠⁠Boost Mobile⁠⁠⁠⁠ to switch today! Learn more about⁠⁠⁠⁠ Christian Healthcare Ministries⁠⁠⁠⁠ Get started today with⁠⁠⁠⁠ Churchill Mortgage⁠⁠⁠⁠ Get 20% off when you join ⁠⁠⁠⁠DeleteMe⁠⁠⁠⁠ Go to⁠⁠⁠⁠ FAIRWINDS Credit Union⁠⁠⁠⁠ for an exclusive account bundle! Find top Health Insurance Plans at ⁠⁠⁠⁠Health Trust Financial⁠⁠⁠⁠ Use code RAMSEY to save 20% at ⁠⁠⁠⁠Mama Bear Legal Forms⁠⁠⁠⁠ Visit⁠⁠⁠⁠ NetSuite⁠⁠⁠⁠ today to learn more For more information, go to ⁠⁠⁠⁠SimpliSafe⁠⁠⁠⁠ Use promo code RAMSEY for 18% off at ⁠⁠⁠⁠The Nokbox⁠⁠⁠⁠ Get started with ⁠⁠⁠⁠YRefy⁠⁠⁠⁠ or call 844-2-RAMSEY Visit⁠⁠⁠⁠ Zander Insurance⁠⁠⁠⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠⁠⁠The Ramsey Show Highlights⁠⁠⁠⁠ 🧠 ⁠⁠⁠⁠The Dr. John Delony Show⁠⁠⁠⁠ 🍸 ⁠⁠⁠⁠Smart Money Happy Hour⁠⁠⁠⁠ 💡 ⁠⁠⁠⁠The Rachel Cruze Show⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠George Kamel⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠Front Row Seat with Ken Coleman⁠⁠⁠⁠ 📈 ⁠⁠⁠⁠EntreLeadership⁠⁠⁠⁠ Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. ⁠⁠⁠⁠Ramsey Solutions Privacy Policy⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:14.1	From the Ramsey Network, it's The Ramsey Show, where we talk about your life, your money, and everything in between.
0:20.0	I'm Jade Warshot next to me, Rachel Cruz.
0:22.5	If you want to get in on the show today, it's really simple to get involved.
0:26.2	The numbers, triple 8, 825, 5-225, and we'll try our best to get you on the line.
0:32.0	Well, let's get to our first caller.
0:34.2	We've got John.
0:34.9	He's in Sarasota, Florida.
0:36.4	What's up, John?
0:37.8	Hey, how are you? Doing good. How are you? I'm doing great. Just trying to figure out
0:43.4	if bankruptcy is the right aspect for me. So a little bit of backstory is last year, we got hit
0:50.1	with two hurricanes, Helene and Milton. We lost 50% of our business, my wife and I's business
0:57.4	because of that for about two to three months. And then two weeks later, we lost our house
1:03.7	completely due to the fire from Hurricane Milton. And now we're in like $19,000 worth of credit card debt.
1:12.9	And I have them suing me currently, and I'm trying to figure out what makes the most sense.
1:18.2	What did insurance pay for you?
1:21.0	Did you not receive anything from the house?
1:23.0	Did you not receive anything from those personal losses, business aside?
1:30.7	So that's the good question. I'm still in the battle with FEMA at the current moment so still haven't really received all that much from them
1:36.2	was it through through FEMA or not your your personal yeah just your home insurance yeah so the
1:43.6	home insurance uh didn't cover much because they're
1:47.8	saying that there was a hurricane going on even though the power line hit the house due to the storm.
	...

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