How Can You Not Live off $300,000 a Year?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 21 July 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app!⁠⁠⁠ Did you miss the latest episode of The Ramsey Show? 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: 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠ send us an email⁠⁠⁠. Connect with our Sponsors: Learn more about⁠ ⁠⁠Christian Healthcare Ministries⁠⁠⁠ Get 20% off when you join⁠ ⁠⁠DeleteMe⁠⁠⁠ Use promo code RAMSEY for 18% off at⁠ ⁠⁠The Nokbox⁠⁠⁠ 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 🧠⁠ ⁠⁠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

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.
0:06.7	I recently started working. I'm a registered nurse. I've been a nurse now for two years.
0:11.4	And I really didn't have any credit card debt. And then as soon as I started working, I started spending.
0:17.3	And now we're about $55,000 in credit card debt and I don't know how to get out of it.
0:23.2	Both my husband, I make a decent amount of money and we just need to figure out the right way
0:27.6	to go about it.
0:28.9	Do you still have the credit card?
0:31.6	Yes, I still have them.
0:32.8	I lock them all and I'm trying to pay them all off, you know, every month, but it just doesn't seem to be going very far.
0:40.4	What's your household income?
0:42.8	I make about 100, and my husband makes about $2.30, $250. It ranges with his overtime.
0:51.8	Okay. So you're making $350 household. What caused you to go, we don't have enough money.
0:56.8	Out of $350,000, I need to go $55,000 in credit card debt.
1:00.9	What caused that?
1:02.6	Well, I guess every month we're just, we're down to like 50 cents of left in our account.
1:08.8	And we're trying, you know, we don't.
1:10.7	Where is $30,000 going every month, even in New York City?
1:16.2	I mean, even Congress would have a hard time spending all this money.
1:19.5	Yeah, I don't...
1:20.7	We own our home, I guess, you know, mortgage and then just paying off the credit card debt.
1:29.2	We don't really spend any money otherwise.
1:34.3	You just told me you dropped 55K on a credit card.
	...

Transcript will be available on the free plan in 17 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.