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The Ramsey Show Highlights

I’m 86-Years-Old and Broke

The Ramsey Show Highlights

Ramsey Network

Investing, Education, Business, Self-improvement

4.5838 Ratings

🗓️ 19 June 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today i have a situation

0:08.9

where i have a couple of options but i really don't know what to do i'm 86 years old i have only

0:19.7

social security uh own my own home, I own the car, but I have about almost $30,000

0:29.6

credit card debt.

0:31.6

Oh my goodness.

0:32.6

I know.

0:33.6

I have making minimum payments, but I've only left with maybe $100,200 a month to eat, put gas in the car.

0:50.8

Now, I do have help from a daughter and an ex-husband that feeds me, you know, as I need it, if I make a suggestion, but it's embarrassing that I don't want to.

1:11.5

I could, I think about selling the car.

1:15.6

It's 17 years old.

1:17.0

I won't buy another one, but I'm pretty much going to be grounded.

1:22.4

What's the car worse?

1:24.8

Well, it's a crowned Victoria.

1:27.2

I don't think that's going to make a dent in your credit card debt.

1:29.4

Yeah.

1:29.7

I'd rather you keep the car to get around.

1:32.4

Yeah, true.

1:34.1

And or sell the house.

1:36.6

That's what I want to know.

1:37.8

Oh, boy.

1:38.9

And get an apartment.

1:42.0

Well, the problem is right now you have a fixed expense with this paid for house.

...

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