I Don't Know How To Financially Cut Off My Kids

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 12 August 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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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. I am 50 years old,
0:08.9	have two adult children that lives with me and have no intention of moving on out on your own.
0:17.3	When my kids were little, my daughter, the youngest was four, and I got divorced.
0:24.6	So I shifted the blame on myself that I was responsible for the divorce, so I kind of
0:31.5	inactive responsibility for this, enabled both of them to be totally dependent on me.
0:39.5	How old are they today?
0:41.9	27, 21.
0:45.3	When you were little, I saved more than I am now.
0:52.7	When my son turned 18, I had some receiving in his name, took up credit cards,
1:00.4	just all credit card for him. And when he graduated high school, his credit school was
1:07.0	$780. I did this thing for my daughter when she turned 18, built her credit to 780,
1:14.7	gives each of them their credit cards, and two of them just run with it.
1:19.2	Recently, I decided to purchase a home.
1:22.9	I've been waiting and waiting in the market.
1:25.0	It's not getting any better.
1:27.2	So I figure, well, I'll just go ahead and purchase anyway, whatever I have,
1:32.1	whatever the market has right now.
1:34.3	So I found a lending officer, and I asked to have my name and my two children
1:40.0	name on the loom.
1:42.4	Why?
1:42.9	And I got this shock of my life. Why would you put your two children on the loom. And I got this shock of my life.
1:45.6	Why would you put your two children on the loom?
	...

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