I'm $1.8M In Debt With No Job
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 19 August 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.7 | Unfortunately, I found your stuff a little too late, and I have quite the financial mess. |
| 0:13.0 | Okay, tell me about it. |
| 0:14.7 | So I have four mortgages, a car loan, and one credit card. And I started listening to yourself. |
| 0:23.0 | I was working. |
| 0:23.6 | I was meeting my wife. |
| 0:24.8 | We were building an emergency fund. |
| 0:26.5 | And I have been trying to get rid of these rental properties for some time now. |
| 0:30.8 | And I've made some leaps and strides in the last few months. |
| 0:34.2 | And my question is pertain to the remainder of our money our savings are my wife is still |
| 0:41.0 | currently working and she brings in 130,000 I am not working I have been laid off for seven months |
| 0:47.9 | I have been looking tirelessly for work I had unemployment and I that had ran out. I recently have just signed up with Uber and I've been doing that, but compared to my previous income, it isn't too great. |
| 1:03.1 | What did you used to do? |
| 1:05.0 | 130. |
| 1:06.3 | Oh, wow. |
| 1:06.7 | You used to make 130 doing what? |
| 1:09.2 | Credit risk, commercial real estate. |
| 1:12.0 | Okay. And why were you laid off? |
| 1:15.3 | $2 billion in default. A billion dollars of debt assets were sold off to another asset management firm, and the position was eliminated. |
| 1:25.2 | And given the current interest rate environment, |
| 1:32.6 | a lot of people are skittish to hire specifically for commercial real estate credit risk underwriting. |
| 1:33.8 | Wouldn't disagree with that. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

