How Can I See The Light At The End Of The Tunnel?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 8 May 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps ⁠💵 ⁠Start your free budget today. Download the EveryDollar app! - https://ter.li/446mhy 🏘️ Find a Ramsey Trusted Real Estate Agent - ⁠https://ter.li/ko6rqk⁠ 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or⁠ click here!⁠ Listen to more from Ramsey Network 🎙️⁠ The Ramsey Show⁠ 🧠⁠ The Dr. John Delony Show⁠ 🍸⁠ Smart Money Happy Hour⁠ 💡⁠ The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ ⁠🪑 Front Row Seat with Ken Coleman⁠ 📈⁠ EntreLeadership⁠ Learn more about your ad choices. ⁠https://www.megaphone.fm/adchoices⁠ ⁠Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. Hi, I am just struggling
0:08.6	to get on top of my debt. I feel like every time I get, you know, or I see a light at the end of
0:15.5	tunnel, I'm just, you know, there's something else that piles on on top of it. Now I just like some advice on how I can, you know, continue to see the light at the end of the tunnel and just continue to work.
0:26.4	I'm going to try and get on top of my debt.
0:29.0	Okay.
0:29.6	So how much debt do you have, Ryan?
0:32.2	So I've got about $20,000 in debt.
0:34.7	Okay.
0:35.0	What's that in? So I would say about 15 to 16,000 of that is in credit
0:40.5	cards. Okay. And then the other, you know, five to six would probably be just stuck in medical
0:47.4	right now. Medical, okay. And how much are you making a year? I'm making about $55,000 for my base salary.
0:56.0	Okay.
0:56.4	And then I get paid commission.
0:58.9	That would take me to about $65,000 to $70,000.
1:02.2	Okay.
1:02.6	So after taxes, how much do you bring in a month?
1:05.9	I'm bringing in about $4,300 a month right now.
1:09.0	$4,300, okay.
1:13.7	Hmm. How much margin do you have?
1:15.9	Out of that 4,300 take home, how much margin do you have at the end of a month if you
1:20.6	haven't had a disaster or something like that?
1:22.4	You've stuck to the budget, paid everything, what's that look like?
	...

Transcript will be available on the free plan in 24 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.