I'm Drowning In Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 September 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Ken Coleman. The Ramsey Show Highlights 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 seven 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

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0:00.0	James is in Phoenix. Hi, James. How are you?
0:07.8	Hey, Dave, Ken. How are you guys doing today? Better than we deserve. What's up?
0:12.1	Well, my question to you, David, I have two cars that I owe a lot of money on, and I'm upside down,
0:17.8	and I need to get rid of them so I can start paying off that. I am drowning in debt.
0:22.8	It's hard.
0:24.2	Okay.
0:24.6	Car number one is you owe what on?
0:28.0	Car number one is $30,000 or excuse me, $31,000, a little over $31,000.
0:33.9	Okay.
0:34.2	And what's it worth?
0:36.1	Probably about 18 to 20.
0:38.0	Where'd you get that number?
0:40.3	I actually got it on the blue dot com.
0:44.0	Kelly Blue Book?
0:45.3	Kelly Bluebook.com, yes.
0:46.5	Okay. And is that a trade-in value?
0:50.3	Honestly, I didn't know. I just got that the number that they gave me. I didn't really look into it.
0:54.3	You need to look into it because the difference in trading and private sales, five grand in this situation.
0:59.7	Okay.
0:59.9	Makes a lot of difference. Okay. So what is that car?
1:05.0	It's a Volkswagen T1. What year?
1:09.0	2019.
	...

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