Don’t Try To Solve an Income Problem With More Debt

The Ramsey Show

Ramsey Network

Education, Self-improvement, Investing, Business

4.6 • 36.7K Ratings

🗓️ 31 October 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

📱Watch the full episode for free in the Ramsey Network app. Jade Warshaw & Dr. John Delony answer your questions and discuss: My business partner owes me $16K. I'm struggling to keep my finances above water. Talking to my parents about their budget What are FICA withholdings? Should we buy a brand new car? Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for18% off at The Nokbox 🏛Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📈 Are you on track with the Baby Steps? Get a Free Personalized Plan ❓ Reconnect with the NEW Questions For Humans Conversation Cards: Intimacy, Couples, Friends, Parents & Kids Editions 🛳️ Live Like No One Else Cruise 🏖️ Invest in Your Future With a SmartVestor Pro 💵 Start your free budget today. Download the EveryDollar app! 💼 Connect with a RamseyTrusted tax pro for help with payroll and more 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 Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	From the Ramsey Network, it's the Ramsey Show. I'm Jade Warsaw. Next to me is Dr. John
0:18.5	Deloney. We're gonna be taking calls about your life, your money, your
0:22.4	relationships.
0:23.3	Ah, you guys already know this, but Dr John is the resident relationship.
0:27.3	Can I call you a guru?
0:28.3	You can call me anything you want to.
0:29.9	The group be the nicest things in big comic today.
0:31.8	I'll go with guru, and I'll hit you up on the money side
0:35.2	and we'll cross paths as needed.
0:37.4	If you want to get involved, this is a live show.
0:39.1	So you can call in right now.
0:41.4	888-8-2-55-25 gets you on the line.
0:45.0	All right, we got Eric from Seattle, Washington, starting us off.
0:49.0	What's going on, Big E?
0:52.0	Hi, guys. Thank you guys so much for having me. You're welcome how can we help a little
0:56.1	bit nervous so I'm a currently a small business owner and I'm looking for your
1:00.1	advice on what to do legally, morally, and ethically.
1:03.6	So I started a business two years ago with a good friend of mine, well, just knew him professionally.
1:11.8	And after one year, he called me out of the blue and told me that he has cancer
1:16.7	And I felt really bad and we decided to you know kind of close up you know our business at that time we had about sixteen thousand dollars of
1:24.3	outstanding balance that we owed in various debts at that point I just
1:29.6	messaged him once to see you know if he's okay with covering his share. He didn't respond so I didn't
	...

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