I'm 51 and Have No Retirement (I Only Make $50,000)
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 22 August 2025
⏱️ 9 minutes
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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 | All right. |
| 0:07.1 | So in 2022, October of 2022, my husband of 22 years decided he was done being married |
| 0:14.9 | and he left and he divorced me in the process of all that. |
| 0:22.8 | So his income was around 130 at the time. |
| 0:26.4 | Mine was around 45. |
| 0:28.3 | So I was very scared. |
| 0:30.3 | He had just bought me a brand new car in September. |
| 0:33.5 | So when he left in October, I took the car back to Nissan where it came from, and I said, I'm going to, this payment's 596. |
| 0:42.1 | The math isn't mapping. |
| 0:43.2 | I'm going to have to have a cheaper payment somehow. |
| 0:46.8 | Well, so they refinanced it. |
| 0:48.6 | Basically, I sold it to them, and they sold it back to me used or something like that. |
| 0:53.2 | It lowered the payment by about |
| 0:54.5 | 50 bucks. I was just trying to figure out how to cut expenses everywhere, sold a house, and so I had to |
| 1:05.6 | pay. So this took up my whole, I'm a teacher at a private school, this took up that whole |
| 1:10.7 | school year for me. At the end of it whole, I'm a teacher at a private school, this took up that whole school year for me. |
| 1:12.9 | At the end of it all, I, at the sale of the house, I had to give that X around 28,000. |
| 1:19.8 | I had a substantially more, I think I had around 120 out of it, but I needed to pay. |
| 1:25.4 | I had 60,000 in master's degree student loans that I had to pay |
| 1:29.7 | for. And I had about 6 or 8,000, I think, from my undergraduate degree, which had included a 16,000 |
... |
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