Face Your Financial Challenges Head On (Don’t Let Them Sneak Up on You)

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 7 August 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📱Finish today's episode for free in the Ramsey Network app. Dave Ramsey & Jade Warshaw answer your questions and discuss: "Paying off debt is slowing my business," "Should I sell my mom's house and kick my brother out?" "I have nothing in retirement, what can I do?" "We've lost a ton of money with no end in sight," "Should I let my kids' cars get repossessed?" Support Our Sponsors: Christian Healthcare Ministries: Find out more at https://info.chministries.org/dave-ramsey Zander Insurance: Go to zander.com or call 800-356-4282 for a fast and easy quote today. The Wellness Company: urgentcarekit.com/ramsey for 15% off medical emergency kit Health Trust Financial: Discover Top Health Insurance Plans, All in One Place. Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📄 Will an online will work for you? ❤️ Get $100 off tickets to Money & Marriage Getaway. 💸Enter The Ramsey Cash Giveaway for a chance to win $10,000! 📚 Shop the $12 Sale to get life-changing tools to help you make real progress! 💵 Start your free budget today. Download the EveryDollar app! 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

Click on a timestamp to play from that location

0:00.0	Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people
0:21.0	build wealth who work that they love and create actual amazing relationships.
0:29.0	Jade Washall, number one best-selling author Ramsey personalities my co-host today open
0:34.6	phones at triple 8 825 5 225 you jump in we'll talk about your life and your money
0:41.7	Kurt starts us in New Jersey.
0:43.7	Hey, Kurt, what's up?
0:46.1	Hi, how's it going, Dave?
0:47.5	Better than I deserve, man.
0:48.8	How can I help?
0:51.0	I have a little bit of a business question so I have 57k and personal debt. I started my business
0:56.7	less than a year ago. I've been pulling out everything that I make from the business,
1:01.9	all my profits in order to pay off my personal
1:04.9	debt. I have no business debt. I was just kind of wondering I feel like I'm not able to grow
1:09.8	the business because I don't have retained earnings.
1:13.0	I don't feel comfortable hiring somebody without retained earnings.
1:16.0	And I was wondering too if I should keep some retained earnings just to maintain overhead.
1:21.0	What would you suggest in terms of how I should go about that?
1:26.3	Yeah, I would. I would. You know, you can, how much have you pulled out of the business in a year?
1:31.8	What are you making?
1:34.4	So a year today I made about 80K.
1:37.0	Well, you know I would say my profit margin is about 80%.
1:40.6	Good for you.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.