I’m Concerned About My Mom’s Debt

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 25 August 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📝 Share your thoughts on the show! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.8	So my question for you guys is my mom asked me to help her plan for retirement.
0:13.5	And in doing so, we met with a financial planner.
0:16.8	And they advised her to sell some stocks that are actually in my dad's name in order to pay off
0:23.3	her debt. And I'm not sure how to advise her because, A, she'd have to, you know, get my dad's
0:30.4	approval on that. And B, she's never really stuck to a budget. So I'm afraid even if she pays it
0:36.2	off and all one fell swoop, that she'll just re-rack up. So I'm afraid even if she pays it off in all one-fell swoop,
0:38.0	that she'll just re-rack up the credit card debt rather than if she stuck to a budget
0:42.2	and followed the baby steps and did it as no-well.
0:44.8	I'm confused what happened where your dad and mom don't live together?
0:50.7	Oh, no, they do.
0:52.7	Okay.
0:54.0	So they're not his stocks then. They're they do. Okay. So my mom, they're not his stocks then.
0:56.6	They're their stocks.
0:58.6	Yeah.
0:59.2	They just happen to be in his name.
1:01.3	I'm sorry?
1:02.0	Yeah.
1:03.0	He considers it his retirement savings.
1:05.6	Yeah.
1:06.2	I considered his house he's living in, too.
	...

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.