Dude, You Are $430K Worth of Screwed!

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 17 June 2022

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Coleman is in Billings, Montana. Hi, Coleman. Welcome to the Ramsey Show.
0:15.7	Hey, how's it going?
0:16.8	Better than I deserve. What's up?
0:19.1	So I have two statements and one question. So first off, me and my wife just got married two days ago.
0:25.9	Congratulations.
0:27.9	Thank you. The second statement is that we are both doctors and we came together with $430,000 in student debt.
0:36.1	So my question is, I know you guys state that we have,
0:40.8	that it takes about 18 to 24 months to get out of debt. For us, it's projected to be about
0:47.5	six years. We were just curious on some ideas on how to stay good zeal and tent but as well we'd like to enjoy life our
0:55.9	pre-marriage counselors work with doctors and they really noted that there needs to be times of
1:02.2	enjoyment and we just were curious on how we may do that okay well i i always use big numbers in my math, and so what is your income going to be?
1:17.4	Two doctors. So for the next, yeah, for the next, so she will be in residency for three years.
1:23.6	Oh. So we will have roughly $128,000 a year, and then after those three years, it should jump up to $2.30, $250.
1:36.0	And I thought you said you were a doctor. Yeah, I'm a doctor of physical therapy, so.
1:41.9	Oh, PT. Okay. Yeah, yep.
1:44.3	So what do you make, an 80?
1:46.8	I will be making about 70.
1:49.6	Yeah, okay.
1:50.7	Sorry now.
1:51.5	Okay, so you got $200,000 income for three years.
1:56.5	128 for three years.
	...

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