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The Ramsey Show Highlights

How Did You Not See How Unbelievably Stupid This Was?

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 3 November 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

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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.

0:06.5

I'm a young veteran, and I joined the military right out of high school. I did my four years,

0:11.4

got my degree. And two years ago, at the age of 22, I moved my wife and kid to Florida

0:16.5

to start a military-sponsored internship program at one of their approved companies.

0:22.2

At the end of that internship, the owner of the company

0:24.5

promised me $180,000 salary if I bought his house.

0:28.8

That promise was put into an offer letter

0:30.6

and an employment contract,

0:32.4

and that offer letter solely qualified me

0:34.6

for no money down VA Jumbo loan.

0:37.1

So I proceeded to buy his house for

0:39.5

$830,000 with an $845,000 mortgage at a 6.75% interest rate and a nearly $7,000 month

0:49.0

payment. Immediately after I closed, he cut my pay, making that offer letter fraudulent.

0:55.0

And over the course of the past two years, my pay's progressively been cut as he ran the company to the ground.

1:01.0

And as of two weeks ago, I'm completely unemployed. I'm owed over $150,000 in wages.

1:08.0

I've since vacated the house. I got a rental house for my wife and kids. I start a new job

1:13.3

tomorrow, but I'm being forced into a short sale and will be about $200,000 underwater. So my

1:21.0

question is, what would you do if you or me and what are my options to minimize the damage to my credit

1:25.8

and my future home buying privileges.

1:32.3

So at what point in this process and how many times in this process did your heart try to tell your head how stupid this was?

1:45.9

I could tell you a long story of how I was convinced it was very legit company.

1:52.0

I mean, I interviewed to do this.

...

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