I'm 20 And Think I'm Bankrupt

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 7 October 2025

⏱️ 3 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.
0:04.3	Start budgeting for free today.
0:06.7	Well, I'm having some issues.
0:09.7	I'm 20 years old.
0:11.5	I have a one-year-old kid and a wife,
0:15.0	and I'm in so deep debt to the point where I think I'm going to have to go bankrupt.
0:22.4	What kind of debt have you got, honey?
0:25.6	I have 32,000 student debts for my wife.
0:28.6	She's currently in school.
0:30.9	And then I have...
0:32.0	So you're running up...
0:32.8	You have $32,000 in student debt and you're continuing to run up student loan debt?
0:38.0	No, so that's...
0:40.0	Who's paying for her school?
0:42.3	I am.
0:43.3	She's a stay-at-home mom.
0:44.7	With what?
0:45.3	I have a one-year-old.
0:47.5	With me working.
0:48.9	Oh, okay.
0:49.5	And what other debt do you have, sure?
0:52.8	And then I have two vehicle loans out.
	...

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