I'm 20 And Finally Have Some Money, But Now I'm In Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 840 Ratings

🗓️ 29 November 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.7	I'm 20 years old, and I've gotten to a bunch of debt.
0:10.9	And I'm having a fun.
0:12.2	You know, when I was younger, I didn't have a lot of things I wanted it.
0:14.5	Now growing up and getting some money in my pocket, I've been buying a couple of things where I wanted.
0:18.3	And I'm currently $52,000 roughly.
0:21.6	Now, is the 52 all with these toys?
0:26.6	Well, one of them is my truck.
0:28.7	Okay.
0:29.1	So that's, you know, my way to get to work.
0:31.0	How much do you owe on the truck?
0:34.4	It's roughly $13,000 on the truck.
0:36.5	What's it worth?
0:39.7	I don't know exactly what the truck's worth.
0:41.7	There's a few cosmetic things I need to fix on it from just using it over the years and, you know, towing things and doing other stuff with it.
0:48.5	But I'm sure I could probably get close to that out of it.
0:51.0	What's your monthly payment on that?
0:54.0	It's $390 a month. Okay. Well, I'm just,
0:57.2	I'm pulling the facts here. So, Jaden, I can weigh in. What other debt do you have? So that's 13 for a truck.
1:02.9	What other debt? List them out. So the big one here is my side by side. It's $31,000 roughly in depth.
1:09.2	31,000 on the side by side.
	...

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