I’m Barely Making It Off of $180K a Year…

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 31 May 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day 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 five days a week. 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

Click on a timestamp to play from that location

0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Dave is in Philadelphia.
0:12.4	Hi, Dave.
0:13.0	Welcome to the Ramsey show.
0:15.3	Hi, thanks for taking my call.
0:16.7	Sure.
0:17.1	How can we help?
0:18.9	So I'm expecting my income to increase pretty dramatically in two years, but in the meantime, I'm having trouble paying costs, including two kids in daycare.
0:29.6	So my question is, is it okay to go into debt, take out a loan, or is it better to become extremely frugal and cut costs as much as possible?
0:39.6	C, work more?
0:42.0	None of the above.
0:43.8	So what is this guaranteed income increase this dramatic in two years?
0:48.0	Explain to me what's going on.
0:49.8	My wife is doing a medical residency.
0:52.4	So in two years, she'll be done with that and get a job as a doctor.
0:55.3	Yeah, that will increase things pretty dramatically.
0:57.6	That's great.
0:58.0	And how much debt will you guys have?
1:00.3	Right now we have, we own a house, and aside from the house, we have about $25,000 in student-owned debt.
1:08.6	And is she borrowing to finish medical school?
1:11.8	No, she has no med school debt. school debt wow the student debt is mine okay so that she'll graduate debt free in two
1:17.8	years she's done with medical school she's in doing her residency right now but i mean she'll
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.