How Do I Pay Off My $1.8 Million In Debt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 23 June 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 am 35, married with a kid in a second on the way. I have $1.8 million in debt total.
0:15.5	Good Lord.
0:17.6	Yeah. Is that include your home?
0:19.1	Montreal, which is a third most expensive city in Canada.
0:23.3	And I work as a nurse, which is the cheapest paid in the whole of Canada.
0:28.3	And what is the $1.8 million on? I hope it's just your real estate, right?
0:33.7	Well, I have a triplex, which I owe about $680,000 on.
0:38.9	I have my family home, which I owe $590,000 on.
0:43.8	Okay, so what's the traplex worth?
0:47.1	What's the what?
0:48.2	What's the what's the traplex worth?
0:51.0	The triplex is worth about $8.50.
0:53.6	Okay.
0:54.1	I'm trying to get $9.50 on it, but I don't know if I should lower the price.
0:59.0	Oh, so you've got it up for sale.
1:00.2	And what is your home worth?
1:02.6	Yeah. My home is worth about $750.
1:04.7	Okay. All right. I got you.
1:07.0	And is that, let's see, seven and then six.
1:10.7	That's not all of it. And I have then six, that's not all of it.
1:11.7	And I have, no, it's not all of it.
	...

Transcript will be available on the free plan in 18 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.