I Hate To Be the One To Say This

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 24 August 2024

⏱️ 13 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. Well, let's start with the good. I don't have any personal debt between me and my wife. We run a business and I'm drowning. Business is drowning. Tell me about it.
0:25.2	Well, we're the last of a dying breed, I'd say.
0:32.3	We're still here trying to, you go to live in milk and cows, and I just can't make it scale. I can not make, I mean, I've worn out several pencils, and I just can't, I can't make it work.
0:38.3	Can I ask a question?
0:39.9	You made the point of saying you don't have any personal debt.
0:44.3	Do you have what you're considering business debt?
0:47.5	Yep.
0:48.3	Okay, how much?
0:49.0	That's all in an LLC.
0:50.3	Okay, it's an, okay, but how much?
0:54.6	Mortgage is 1.2 and and there's 300 in open accounts.
1:00.0	Cool, man.
1:01.2	Okay.
1:02.0	You can't breathe, can you?
1:04.5	Nope.
1:06.2	How long you've been farming?
1:11.2	Forever.
1:12.3	Okay.
1:13.1	So for those listening,
1:15.0	normally this is where someone calls and says they took out $1.2 million loan for their business
1:22.2	and they're running a $300,000 revolving account.
1:25.4	And we get all fired up and holler at them. And I want everyone
	...

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