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The Ramsey Show Highlights

I'm $40k Upside Down On An RV

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5840 Ratings

🗓️ 29 November 2025

⏱️ 6 minutes

🧾️ Download transcript

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.

0:06.8

So my wife was a travel nurse and we financed an RV fifth wheel and currently upside down on it by $40,000.

0:19.0

Oh man.

0:20.0

Dude, that's a kick000. Oh, man. I tried to get rid of it.

0:37.8

Dude, that's a kick in the guts, man. Yeah. And so we bought a house because we were going to, we just said it to settle down and we were going to get rid of the RV. Well, when we went to go get rid of the RV, we found out that we were 40,000 upside down. Okay. Can I ask who gave you the estimate of what it's worth today?

0:44.0

I, I booked it.

0:46.2

Okay, okay.

0:48.0

And I've tried private sell at length.

0:50.3

I've tried going to a dealership.

0:51.9

Dealership, of course, is going to give you a very low number on it.

0:55.3

What did y'all, what did y'all buy it for?

0:58.2

I bought it for $100,000.

0:59.9

And it's worth now?

1:02.4

I'm sure you'll have paid it.

1:04.4

We've had it for a couple years.

1:07.8

We owe $80,000 on it right now, and it's currently worth 40. Man, you

1:15.3

have any savings? A thousand dollar babysitting. Yeah. Okay. How much you guys make a year?

1:23.3

180,000. Okay. Well, that's a good thing. I mean, roughly. Honestly, Sean, at this point, I would still, you know, if someone will take it, that's great, you're just going to have to pay the difference. And a part of me would love for you all to save up and have that cash versus going and taking out a smaller loan. But if you did, if you had it for sale and for some reason someone like, I don't know, messaged you and was like, oh, great, I would love to buy this thing. Then you'd have to go get a small loan for the difference. Well, we'd be small and be a $40,000 loan. Well, compared to $80,000. That's true. I'm trying to help Sean out. I'm saying it's no big. You can do this. Have you ever heard Dave talk about the stupid tax?

2:04.4

Meet every dollar budgeters Christy and Steve.

2:07.0

Their life is chaotic, but their money is simple because they budget with every dollar.

2:12.8

Budgeting with the spreadsheet took a ton of time.

...

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