Gambling with Your Future Is a Losing Game

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 14 August 2025

⏱️ 125 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 George Kamel answer your questions and discuss: "My husband has gambled away almost $1,000,000" "I've made $1.1 million stock trading but need to know if I should cash out or risk losing it all?" "Should I stop contributing to retirement to focus on other goals?" "My uncle has not given me half of my inheritance, how do I approach him about this?" "How do I financially prepare to leave my husband?" "How do we pay off our wedding?" "How do I best use a life insurance pay out?" "Should I sell my car that breaks down often?" "Am I responsible to help my parents fund their retirement?" Next Steps: ✔️⁠⁠⁠⁠⁠ ⁠Help us make the show better. Please take 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. 📱 ⁠Get episodes early in the free Ramsey Network app!⁠ 💵⁠⁠⁠ ⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠⁠ ✏️ Explore our high school personal finance and new economics curriculum. 🏠 Get organized and prepared to buy or sell a home. 🤔 Will an online will work for you? Take this quiz to find out! 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! Find top health insurance plans at ⁠⁠⁠⁠⁠Health Trust Financial⁠⁠⁠⁠⁠. Use code RAMSEY to save 20% at ⁠⁠⁠⁠⁠Mama Bear Legal Forms⁠⁠⁠⁠⁠. Visit⁠⁠⁠⁠⁠ NetSuite⁠⁠⁠⁠⁠ today to learn more. For more information, go to ⁠⁠⁠⁠⁠SimpliSafe⁠⁠⁠⁠⁠. Use promo code RAMSEY for 18% off at ⁠⁠⁠⁠⁠The Nokbox⁠⁠⁠⁠⁠. 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 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.
0:12.4	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
0:26.5	relationships. George Camel, number one bestselling author, Ramsey personality, host of the
0:31.3	George Camel show on YouTube, a big hit on Ramsey Networks. He's my co-host today. The phone number
0:36.8	here is AAA-825-52-25. Deborah is in Sacramento. Hi, Deborah. How are you? Hi, I'm okay.
0:46.4	What's up? Well, I'm 69. My husband is 79. He's still working. He's a pharmacist. And we were married later in life. We've been married now 11 years. The first few years we were together, I helped him. I'm retired in real estate. I helped him sell a few properties. So we had a little over a million dollars.
1:11.6	And then I was starting over.
1:13.4	I got caught in the mortgage meltdown.
1:16.2	We were very careful with our money, I thought.
1:19.4	And the last few years, he's been evasive about our savings.
1:25.0	And anyway, I started digging around this past January.
1:32.7	My husband has a gambling problem.
1:35.8	Our savings is down to $15,000.
1:40.5	He gambled away $1 million?
1:43.0	Yes.
1:43.8	This was over about a 10-year, 9-and-a-half 10-year program.
1:49.0	How do you go nine years and not find this out?
1:52.6	Not know what's going on.
1:53.8	You didn't check the account one time in nine years?
1:56.7	Well, the statements were coming.
1:59.4	No, the last time, because I said the last, I haven't seen anything and he had the
2:04.4	envelope stacked up in his office.
	...

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