How Can I Get Out of This Debt Mess?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 10 August 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Katie's with us in Dallas, Texas.
0:12.8	Hi, Katie.
0:13.3	How are you?
0:14.4	Hi, Katie.
0:15.3	Yes, I'm good.
0:16.1	How are you?
0:16.8	Great.
0:17.2	How can we help?
0:18.7	So I'm $27,000 in credit card debt. I've used up 100% of my credit, dug myself a hole, and I don't know how to get out.
0:29.3	How old are you?
0:30.6	I am 32.
0:32.4	How much do you make a year?
0:34.2	I gross, 83.
0:37.2	Is this the only debt you've got? It is. This is awesome. I'm so glad you're here.
0:43.6	This is a good problem to have with this income, Katie. We can clean this up fast. Is it on one
0:47.5	card or multiple? It's on six different cards. Okay. That's wonderful. Biggest one being discovered
0:53.5	12,000.
0:54.8	All right. And you clearly want to get out of this. How'd you get into it? What'd you spend the
0:58.7	credit card money on? Um, just transitioning over from one job to another, paying my way.
1:05.9	Bull crap. Got into debt. Yep. Bull crap. You did not spend $27,000 transitioning from one job to another.
1:13.9	I started out that way and then it kept growing. Yeah. So it was kind of an addiction.
	...

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