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The Ramsey Show Highlights

I’m $42,000 in Debt and Just Got Laid Off

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 4 January 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today's episode features Rachel Cruze & Jade Warshaw. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 💸 Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.2

Hey, Colin. Welcome to the show. Hi, thank you. I'm trying to figure out what I need to do.

0:12.6

I am 21 years old. I am $42,000 in debt. And I just got laid off two weeks ago.

0:19.8

And I'm in a bind kind of thing. I am borrowing money from my aunt-uncle, but I don't have, I don't have any payments until about three weeks from now.

0:29.0

Wow. Okay. What's your living situation? Are you renting? Are you living with family? I am living with my aunt-uncle right now. They are helping me out. But one of the

0:40.6

rules is with me living with them. I'm getting my GED. I did drop out of high school. Before I got

0:47.2

laid off, I was making a crap load of money for my age. My sister always told me to listen to y'all.

0:53.8

She told me to give y'all a call to help me

0:55.3

figure it out. That's where most of my debts coming from is from cars. Just wasn't spending the

1:01.2

money wisely. How much were you making? I was making from 1,800 to 2,500 a week. Okay. Okay. And what kind of work were you doing? I was an oiler. I worked on

1:15.0

the road. I worked in Kansas, New Mexico. I maintained heavy equipment. So are you trying to get

1:22.4

back into that same field, or are you looking to do something else? I'm pretty religious in my life,

1:28.2

and I don't necessarily what I've learned over time

1:31.4

is money is not worth it to me,

1:33.5

and actually I want to become a firefighter.

1:34.9

I've always wanted to be one.

1:36.2

Okay.

1:36.7

I want to go to school, and I want to try to work on that.

1:40.4

And I know where I'm at in Texas,

1:42.3

there's a program that pays for you to become a

1:45.1

firefighter, but they only accept like a thousand people, and it's at the end of September.

1:50.1

Okay, so that's a long ways.

...

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