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The Ramsey Show Highlights

I Don’t See A Way Out Of My Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 12 November 2024

⏱️ 8 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.

0:06.6

Well, first of all, thank you for taking my call. I listen to you guys. You guys are absolutely

0:10.3

amazing and help me so far. The challenge I'm facing now is I have $300,000 with a debt,

0:16.8

and I just can't see a way out. I'm working three jobs, and it just, it just doesn't seem to work.

0:22.5

Wow.

0:23.1

Well, break it down for Jade here.

0:24.6

So start off with your income through the three different jobs.

0:28.7

Give us a range, and then walk, walk her through your debt.

0:32.3

My salary position, I bring in 80, I'm sorry, my salary is 80.

0:36.9

I gross, I'm sorry, I bring in 80, and'm sorry, my salary is 80. I gross, I'm sorry, I bring in 80 and then I net 55 when you take out tax insurance.

0:43.3

And then I have a second job that I gross 40, but then I'm an independent contractor, so I had to take out taxes and stuff.

0:50.3

So I net about 30 to 35,000.

0:53.3

Good. And then I have another part-time job that brings

0:56.8

in about 600 bucks a month. Okay. Okay. So 72 on the 85. So you're somewhere in that 92, 93 range

1:05.7

with those numbers. Is that right? Net? Yeah. I mean, that sounds amazing, but that's, yeah's yeah yeah but you can do something with that

1:12.4

yeah dr jade is in today so it's gonna be okay i'm gonna pretend like you didn't say that um

1:18.6

so the debt doctor no oh okay okay i'll take that the debt doctor you didn't know what i was doing

1:24.1

i didn't know where you were going sarah, now that I know where he's going.

1:28.5

You can do surgery on this. I can help you.

1:29.4

There you go.

1:29.7

So you're bringing in almost $8,000 a month, which ain't too shabby, but you've got $300,000

1:35.6

of debt.

...

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