Go Into Debt to Get a Raise at Work?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 838 Ratings

🗓️ 3 May 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	I'm basically a subcontractor working for a company. I have to be doing a lot of driving, need a personal vehicle.
0:14.0	Right now my boss is lending me one of his. I currently have a broken down truck that needs an engine probably around a $5,000 fix.
0:22.6	If I get that fixed, my boss will give me the equivalent of a 20 to 33% raise across the board on my job.
0:31.6	The question is whether or not to take out a loan to do that.
0:34.2	And then since right now, the income that I'm getting fixed pretty good um so I can
0:40.9	literally what are you doing right what's that what do you do for a living I'm a clean clean swimming pools
0:47.3	okay all right and so a 5,000 or a 6,000 dollar truck will get the job done as long as it runs and gets you there, right?
0:57.2	Well, so I currently have a vehicle that is broken down.
1:00.7	It needs an engine.
1:01.4	I know.
1:01.7	You told me that.
1:02.4	I don't want to fix it.
1:03.4	It's crap.
1:04.4	I'd rather just buy one that's already running.
1:07.2	Okay.
1:07.9	So what can you sell that piece of crap for, that salvage? A thousand bucks?
1:11.6	$1,500?
1:12.6	Not quite sure.
1:13.6	I haven't priced that yet.
1:15.6	Yeah, okay.
1:16.6	What kind of year model and what truck is that that's sitting with no engine?
	...

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