Don’t Give Yourself an Excuse To Go Into Debt

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 6 June 2024

⏱️ 119 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign-up for EveryDollar today - The simplest way to budget for your life! Dr. John Delony & Jade Warshaw answer your questions and discuss: "My kids don't make enough to pay their bills," "What's the right time to upgrade my house?" "I feel like I'm a financial burden to my husband," "I don't feel motivated to pay off my house," "I can't afford to put gas in my car" "Talk me off the ledge of buying this car..." Support Our Sponsors: Churchill Mortgage Zander Insurance BetterHelp Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏠 Find a Ramsey Trusted Real Estate Agent 📖 Beat debt and build wealth with the new The Total Money Makeover Updated and Expanded 20th Anniversary Edition! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Live from the headquarters of Ramsey Solutions in Nashville, Tennessee. It's the Ramsey Show.
0:19.0	I'm John Deloney joined by Jade Warsaw and we were talking about building wealth your workplace people you love
0:26.2	people you're in relationship with your in-laws all of it triple 8 825
0:31.1	5 225 we're taking your calls live.
0:35.0	It's AAA 825. 5. 225.
0:37.0	I'm John. This is Jade and we are ready to rock and roll.
0:40.0	Let's go out to Madison, Wisconsin and talk to Kathleen. What's up Kathleen?
0:47.1	Hi there. How you doing? Thanks for taking my call. Of course, thanks for calling in. What's up?
0:56.2	Well, I was just calling my student or I have two children. They just both recently graduated from college. Both have significant
1:01.9	debt. Student loan debt.
1:05.0	These are parent plus loans by the way.
1:09.0	For a total of $400,000 with both of them.
1:17.0	And they're not able to make their minimum wage.
1:20.1	So I, or their minimum payment,
1:22.2	so I'm picking up the slack and also I have other financial
1:28.4	you know concerns as well.
1:31.2	Why did you sign for a parent plus loan? Because when you go to college
1:38.0	that's what they tell you to do. Okay. So what does it look like you picking up the slack? What does that mean?
1:47.0	So the loans are split into two different, my sons and my daughters my daughter owes probably around 300,000.
1:57.0	Is he a doctor?
2:01.0	No, they're both engineers. And they both have jobs now and they both make pretty decent money for being, you know, right out of college.
2:10.4	What do they make? What does that mean? My daughter makes about 60,000. My son makes about 55,000 a year.
	...

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