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The Ramsey Show Highlights

Do Our Kids Really Not Owe Us Back For Raising Them?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 September 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

📱Download the free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices 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 all right today's question

0:07.0

comes from robert in texas my wife and i put our kit our children through college bought them cars

0:12.8

and provided them for them till they moved out to this day we still pay their phone bills

0:18.0

in spite the fact that our oldest child is a doctor and our youngest is a manager for a high-end retail company. Both earned six-figure salaries due to unforeseen

0:26.9

circumstances. We were hit with two natural disasters last year, a flash flood and a fire to our

0:32.9

home. We didn't have flood insurance, but we're able to cash flow the repairs for the flood and are deductible for the fire.

0:39.7

We currently only have three debts, two vehicles, which replace the ones that we lost in the flood, and our mortgage is $47,000.

0:48.3

Even though our children earn four to five times what we make, they say, according to your teachings, in parentheses,

0:55.6

they have no obligation to help us. They have told us, well, Dad, Dave Ramsey says,

1:02.0

to allow you to sink or swam because your debt is your obligation. Are we wrong to ask them

1:09.3

for help, or are they interpreting your advice incorrectly?

1:17.5

Wow.

1:19.2

Okay.

1:19.9

It doesn't sound like they're seeing.

1:21.4

First thing is, it's weird when you pay your grown kids bills of any kind including their phone bill

1:29.8

and you know whose fault that is robert yours you should have cut that off when they left

1:35.8

home i don't pay rachel's dadgum phone bill i don't pay her netflix bill

1:41.2

denise does have those netflix password though, I didn't give it to her.

1:45.2

That's besides the point.

1:46.0

That's not the point.

1:49.4

So that's thing one.

1:51.2

Thing two, Robert, when you raise children and as part of raising them, you buy them a car and pay it for their college.

...

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