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The Ramsey Show

Help! I Keep Going Back Into Debt… (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 24 March 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

Ken Coleman & Rachel Cruze answer your questions and discuss: Investing vs. saving for a down payment, "Help me get out of the cycle of debt" from the blog: Do This First If You Want to Get Out of Debt, Paying the bills after a layoff, "Sell our property on a payment plan?" Should I use savings to pay off my house? Support Our Sponsor: NetSuite Zander Insurance PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Boley Alrightboxing

0:30.0

Hi from the headquarters of Ransy Solutions broadcasting from the pods moving in storage

0:34.6

studio. This is the Ransy Show. So we help you win in your life. Specifically your

0:39.9

money, your work and your relationships. All three of those are absolutely connected.

0:45.6

We want to help you win with some common sense and hope. I'm Ken Coleman. I'm

0:50.5

joined by my colleague Rachel Cruz. We're here together for you this hour. The

0:54.4

phone number to jump in is triple eight eight two five five two two five that's

0:58.0

triple eight eight two five five two two five she took a swig from her

1:03.5

Rachel Cruz mug that tells me she is ready to go. Let's go we're gonna have lunch

1:08.8

just had lunch yes. It must be nice. I just came straight from the

1:12.2

Ken Coleman show I won't eat till later today. Oh so it's okay. What a hard

1:17.2

life. I look at me. I'm a real worker here folks. Alright let's get to Jose

1:22.8

who joins us in Houston Texas. Jose how can we help? Hey y'all how's it going?

1:29.6

We're having a blast. What's going on? So I recently graduated college. I have a

1:37.6

full-time job. I'm 23 years old. I'm that free. I'm staying with my parents. And

1:44.3

my question was should I be aggressive towards saving 50% of my income

1:50.2

towards retirement right now or should I be more aggressive towards saving for

1:54.4

dumping for our house or can I do both? Should I focus in one? And also my my job we

2:03.3

have the opportunity to contribute to a Rothblow okay so I'm not I'm still

2:08.5

confused whether if I am going towards the retirement of 15% of my income

2:16.0

throughout should I should I go towards my Rothblow on campus or my Roth IRA

2:23.0

account and yeah yeah it's a great question great questions and so I'm assuming

...

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