I’m Caught in the Cycle of Debt With $140 to My Name (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 18 May 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Kamel answers your questions and discusses: Getting out of the credit card trap, "Should I pay off all my debt before buying a house?" "What's the best way to save money online?" from the blog: What Is a High-Yield Savings Account and Do I Need One? "What's the best way to give my sister money?" "Should I pay off personal debt with business earnings? Selling the car vs. keeping it. Support Our Sponsor: PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Просто leopard
0:30.0	Live from the headquarters of Ramsey Solutions broadcasting from the pods moving in storage studio
0:35.4	It's the Ramsey show where we help people build wealth do work that they love and create amazing relationships
0:42.8	I'm your host George camel fly and solo this hour as the team is off around the world
0:48.6	Changing the world doing amazing things. I wanted to be here with you guys and the phone lines are open at
0:54.2	Triple eight eight two five five two two five if you want to call in with your burning money questions
1:00.4	Maybe a saw an ad on Instagram and it felt like a scammy financial product and you're just not sure
1:05.8	Maybe you're trying to get out of debt and you went on the best way
1:08.7	Are you want to invest but there's so much noise out there?
1:11.4	You don't know what to do who to trust and you just want to make a decision with some confidence
1:15.4	I want to help you make those decisions today
1:18.2	Janessa kicks us off in Reno Nevada Janessa welcome to the Ramsey show
1:23.4	Hi, thank you so much. So basically my question is I got myself in a sticky situation
1:30.4	I have some financial debt with some credit cards and I have car payments and everything and I just want to kind of be
1:39.3	the chainbreaker of
1:42.1	Financial irresponsibility and so I'm looking for some ways to kind of budget and
1:47.9	Really like make financial decisions properly. I love it. That is a very noble goal and a great why
1:55.5	So let's talk through this. So you have credit cards and car loans. How much?
2:00.7	So my car loan that's left is about 18,000 and then my credit cards altogether is like around 2,000
2:10.4	Okay, and then I also have a school loan as well
2:14.9	Which I think what's left on that is like around 9,000. Okay, and what's your income?
2:21.2	Yes, so that's a thing it's fluctuating because my by school loan
	...

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