I Lost 80% of My Income and Might Lose Everything

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 5 February 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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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.
0:06.7	I've recently in the last month, I own a business. I've had a business now for going on three
0:12.4	years. This will be my third year. First year I did great. Second year, I cut back,
0:17.9	and I had too many eggs in a basket and they went with a different contractor
0:23.5	and so to speak I'm losing about 80% of my income. Oh gosh. So what was it and what is it now?
0:32.3	So my income was 6,000 or really 4,000.
0:40.8	And it's dropping down to about 2,000.
0:47.5	Okay.
0:48.6	So you went from 4 to 2?
0:52.0	Well, really 6 to 2, but I was putting money back in savings and using that for the
0:59.0	business.
0:59.7	Got it.
1:00.2	But you were kind of taken from the business, you were taking six for your own personal
1:03.9	goals?
1:06.1	Yes, sir.
1:06.9	Okay.
1:07.6	Are you actively trying to replace that since you know that it's going to be cut? I mean, are you, yeah. Yeah. Well, what's the plan for that?
1:17.1	So I've been going and meeting with different owners and I actually am looking at taking on more contracts than what I had before. Others don't have the contract signed right now.
1:28.6	Oh, good.
1:29.1	Okay.
1:29.5	So in the pipeline, you got some leads here?
1:32.8	Yes, sir.
	...

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