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The Ramsey Show Highlights

I'm Not Standing Around In This Sewage for 10 Years!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 September 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Rachel Cruze. 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

Hey, John. How are you?

0:06.0

Hi, how are you?

0:08.0

Better than we deserve. How can we help you?

0:10.0

Yes. So I have a question regarding my 40K of student loan debt. Once I pay off roughly 15,000

0:18.0

of other debt, do I make a charge to pay off my 40K of student loan debt or use a

0:25.3

main tax credit program that over 10 years would result in me paying 5,000? The program would

0:32.2

refund me my payments on as a refundable tax credit. And should the program fall through at some point in three years or so down the road,

0:40.3

I plan to have the money saved to pay the loans back immediately so that I get rid of that debt.

0:47.3

But is it a wise thing to just make a charge at it, disregard the program,

0:53.3

or let it go the 10 years and pay the

0:57.1

$5,000 over 10 years.

1:00.4

Pay it off, John.

1:02.5

Yep, disregard the program for many different reasons.

1:07.4

But one of them is just that you have the ability to pay this off and you will be debt-free on

1:13.3

your own regardless of a program or the government's assistant whatever it is like you you have the

1:22.1

ability John to pay this off and to be debt-free and to move on with your life if Maine had a program

1:27.0

that would give you $5,000 in one year,

1:30.4

while you're doing it anyway, yeah, we would take it.

1:34.0

But Maine has a program that keeps you in debt for 10 freaking years.

1:39.2

I'm not standing around in this sewage for 10 years.

1:43.9

No way.

1:44.9

Yeah.

...

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