How to Escape Living Paycheck to Paycheck

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 11 December 2024

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Listen to the full episode for free in the Ramsey Network app. Watch United States of Anxiety exclusively on the free Ramsey Network app! Dave Ramsey & George Kamel answer your questions and discuss: "Should I fix my car or buy another one?" "Living paycheck-to-paycheck on $600K a year," "How do I get my wife on board with the plan?" "How does compound interest work on multiple accounts?" "Should I get my fiancé to sign a prenup?" "How much house can I afford?" "My parents are kicking me out for failing college?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Start your free budget today. Download the EveryDollar app! 🎟️ Get Tickets to the Money & Relationships Tour 🎄Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today! 🎁 Our 50 days of Christmas deals are ending soon! Get 30% off meaningful gifts. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	Live from the headquarters of Ramsey Solutions, it's the Ramsey Show.
0:29.6	We help people build wealth, do work that they love, and create actual amazing relationships.
0:33.8	I'm Dave Ramsey, your host, George Camel, number one bestselling author,
0:39.1	host of the George Campbell Show on YouTube, is Ramsey Personality, is my co-host today.
0:43.1	The phone number here is AAA-825-5-2-2-25.
0:44.7	Tony is in Chicago.
0:45.4	Hi, Tony.
0:46.6	Welcome to the Ramsey Show.
0:49.3	Hey, guys, thanks for taking my call.
0:49.7	Sure.
0:50.1	What's up?
0:59.5	Hey, so I manage a special needs trust for my mother who's 67 and currently the money in that account is about 170,000 and it's all sitting in cash.
1:03.7	And I got a call from the bank today asking if I, you know, they kind of encourage me to
1:08.8	invest it in different ways.
1:10.3	And I recently saw a video of you talking about the risks of bonds.
1:15.0	And I wanted to call and ask the opinion on how I should best feel about this.
1:21.0	Yeah, I would not do any bonds for sure.
1:23.1	Your mom is in a special needs trust?
1:25.9	What's her, what's her issues?
1:30.1	She has multiple sclerosis,
1:37.5	has had it for 30 years and is in a nursing home. Oh, wow. Okay. And the 170 is all the money she has in the world? Um, plus about a 10,000 in, uh, checking account, but yes.
1:44.4	Okay.
	...

Please login to see the full transcript.

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.