Get Your Finances In Order Now So You Can Enjoy Your Life Later

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 38.5K Ratings

🗓️ 8 January 2026

⏱️ 128 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Money question? We’ve got your answer. Try Ask Ramsey for free today. Dave Ramsey and Rachel Cruze answer your questions and discuss: "How do we pay off $49,000 of business credit card debt when we are " "My mom expects me to pay back my Parent PLUS loan, although that was not our original agreement" "How often should someone balance their investments?" "Can we tithe less if we volunteer more?" "Should I downsize my home to a condo with an HOA fee?" "Should we have separate accounts for our fun money?" "How can we plan to pay for our kids' college?" 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. 💵 ⁠Start your free budget today. Download the EveryDollar app! 🏠 ⁠Find a Ramsey Trusted Real Estate Agent⁠ 📘 ⁠Get your copy of What No One Tells You About Money today.⁠ Connect With Our Sponsors: Get 10% off your first month of ⁠BetterHelp⁠ Go to ⁠Boost Mobile⁠ to switch today! Go to⁠ ⁠⁠Casper Sleep⁠ and use promo code RAMSEY to learn more If you want your car to keep going and going, trust ⁠Christian Brothers Automotive⁠. Find a local shop and get an exclusive Ramsey discount of 10% off 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! Debt collectors hassling you? Take back control of your life at ⁠Guardian Litigation Group⁠ 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 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.
0:13.8	Normal is broke and common sense is weird, so we're here to help you transform your life.
0:20.7	From the Ramsey Network and the Fairwinds Credit Union Studios, this is The Ramsey Show.
0:26.0	I'm Dave Ramsey, Rachel Cruz, number one bestselling author, host of the Rachel Cruz show.
0:31.5	Ramsey personality, my daughter is my co-host today.
0:34.9	Phone numbers, AAA-825-225. Tracy's in Chicago. Hi, Tracy. How are you?
0:41.8	Hi, good. Good. What's up? So, my husband and I had a few opportunities pop up
0:48.9	that we never thought would line up and happen, that we were able to move closer to our family.
0:56.9	It was something we were really excited about.
0:59.4	The hardest thing with it was we have a small business that we are in the process of selling.
1:05.9	We have never lived by credit card debt with this business.
1:10.1	It involved purchasing inventory with a
1:12.6	credit card. And now with the selling of this business, we know we're going to be left with that
1:20.3	credit card bill, but not the income from the business. And so we're kind of at a really
1:25.5	nerve-wracking stuck point.
1:28.2	Are you getting money for the business when you sell the business?
1:33.5	We are getting a small amount.
1:35.6	Because of the distance we were moving, we had to sell it quicker
1:39.8	than we probably could have got a better price if the sale could have went longer.
1:45.9	So that money is absolutely being put towards this, and then we are financing.
1:51.1	So what are the numbers?
1:52.3	How much are you getting for the business, and then how much do you end up in credit card?
	...

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