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The Ramsey Show Highlights

"I Didn't Realize I Was This Broke"

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5839 Ratings

🗓️ 5 April 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by CHO, a budget-friendly faith-based alternative to health insurance.

0:07.6

CH Ministries.org slash budget.

0:10.4

I have almost $200,000 in consumer debt.

0:14.6

Good Lord.

0:15.7

I know.

0:16.9

252,000 old on the mortgage.

0:20.8

And so my question is, should I stop my Roth that I have?

0:29.5

Yes.

0:30.7

Yes.

0:31.3

You should stop everything and clean up this mess.

0:34.0

What in the world do you owe $200,000 on?

0:42.3

I owe about $200,000 on? I owe about 7,000, 7,000 credit cards,

0:51.5

35,000 finance companies, and $61,000 in taxes, and $20,000 on a car. Why did you not pay your taxes?

0:55.2

Well, I am paying them. No, you didn't pay them.

1:14.0

That's why you have $61,000 in debt. I'm working on it. Look, I just looked. Okay, Dave, I found you at the end of last year, and I have turned my household upside down. I'm working on. I'm glad. I'm glad. But, I mean, why did you not pay your taxes? Well, I haven't paid them in full, but I've been paying on them on a monthly basis.

1:14.0

I know. I'm glad. I'm glad. But I mean, why did you not pay your taxes? Well, I didn't, I haven't paid them in full, but I've been paying on a monthly basis.

1:18.0

I know. I'm asking why you didn't pay them originally. I'm seriously.

1:27.0

Okay, the reason why is because with my husband's job, he's a contractor, and you know if you don't lay that 25% to the side.

1:28.3

Yes. So you've not, but you've not been doing your quarterly estimates and you know if you don't lay that 25% to the side. Yes. So you've not been doing your quarterly estimates and you got behind because he's a 1099 guy. We got behind. Okay. But we coming to that up. All right. That makes sense. Okay. So what's your household income, Sharon? 286. Well, that's good news. Woo. Mm-hmm. So when you decide turn this house upside down, you can shake this $200K out pretty quick, can't you?

1:48.0

I understand. before that's good news. So when you decide to turn this house upside down, you can shake this 200K out pretty quick,

1:46.9

can't you?

1:48.0

And that's what I'm thinking.

...

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