Dumb Debt Decisions Won't Accelerate Your Financial Growth

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 30 May 2025

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 ⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠ Dave Ramsey and Jade Warshaw answer your questions and discuss: "Should I be going further into debt to hire lawyers to fight a custody battle with my ex-wife?" "How do we come up with a down payment to buy a Canadian fishing lodge?" "My financial planner doesn’t want me to sell my whole life insurance policies." "My dad took out Parent PLUS loans for me and my sisters. He says it's our fault that he's broke and that we owe him." Next Steps: ✅ ⁠⁠⁠⁠⁠⁠⁠⁠Help us make the show better by taking 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.⁠⁠⁠⁠⁠⁠⁠⁠ 📱 ⁠⁠Watch the full episode for free in the Ramsey Network app.⁠ 💵 ⁠⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠ 📈 ⁠For help with investing, get connected with a SmartVestor Pro. 💰 ⁠⁠⁠⁠⁠⁠Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today!⁠⁠⁠⁠ ❤️‍🩹 ⁠⁠⁠⁠Get trusted insurance coverage that fits your budget.⁠⁠⁠ 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! Save 15% on your first ⁠⁠⁠⁠⁠⁠⁠⁠Field of Greens⁠⁠⁠⁠⁠⁠⁠⁠ order with code RAMSEY Find top Health Insurance Plans at ⁠⁠⁠⁠⁠⁠⁠⁠Health Trust Financial⁠⁠⁠⁠⁠⁠⁠⁠ To find out more about student loan refinancing, check out⁠⁠⁠⁠⁠⁠⁠⁠ Laurel Road⁠⁠⁠⁠⁠⁠⁠⁠ Visit⁠⁠⁠⁠⁠⁠⁠⁠ NetSuite⁠⁠⁠⁠⁠⁠⁠⁠ today to learn more Use promo code RAMSEY for 18% off at ⁠⁠⁠⁠⁠⁠⁠⁠The Nokbox⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about ⁠⁠⁠⁠⁠⁠⁠⁠Timothy Plan⁠⁠⁠⁠⁠⁠⁠⁠ 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.
0:12.6	Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people build wealth, do work that they love, and create actual amazing
0:25.2	relationships. Jade Washall, number one bestselling author, Ramsey Personality, is my co-host
0:31.0	today as we take your calls about your life and your money. The phone numbers,
0:35.0	AAA 825-5-225. Hugh is in Las Vegas. Hi, Hugh. What's up?
0:42.6	Hello, thank you for taking my call. Sure. How can I help? I'm debating on getting in a situation
0:52.1	where I may be going further into debt to pay for attorneys to try to
0:58.3	protect my kids further. But it's kind of been a big struggle.
1:05.5	How long has it been going on? And what's the danger?
1:09.9	It's been going on about six years. My ex-wife is a very
1:17.8	abusive person. She's psychologically, emotionally, and it's affected all of our kids.
1:34.2	And the divorce was finalized about a year ago.
1:36.7	Took five years to do a divorce?
1:38.9	Yeah.
1:40.9	Why?
1:46.0	Because she wouldn't agree to anything. I wanted to litigate everything, had agreements at different points, and she refused to sign
1:53.0	the papers, she's right about stuff, she's getting money, just all kinds of stuff.
2:00.0	Who has the kids now? What's the agreement now?
2:04.5	So right now, just recently, the kids were taken away,
2:09.9	and our oldest son was granted guardianship of them.
2:15.3	Taken away from you or taken away from her?
2:18.2	From both, although I already did not have any custody or contact with them due to other court proceedings that were already ongoing.
	...

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