I Owe $30,000 at 30% Interest (I Only Make $3,200 a Month)

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 13 May 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.8	I have about 30,000 in debt, roughly. It's really just my truck payment. I have all my credit
0:15.8	cards paid off. I have a couple other vehicles. Everything's paid off, but I want to pay off my truck, and I want to start saving for a house.
0:23.1	I need to know what to do to do that.
0:25.2	Okay.
0:25.8	I love that you're interested in paying off vehicles, your vehicle.
0:28.8	Why do you have multiples?
0:30.6	What other vehicles do you have?
0:32.7	I have a 1993-73-I-D-I diesel truck. I have a motorcycle and a couple full wheelers.
0:40.9	Oh boy. You like them wheels, don't you?
0:44.5	Yeah, sir.
0:46.6	What's your income to have all these? You better be making a million bucks, homie.
0:52.2	Uh, no, just terrible with money.
0:57.0	Well, at least you're honest. Hey, dude.
0:58.0	Yeah.
0:59.0	Admission is the first step.
1:00.0	Okay, so tell me, again, tell me what are you earning?
1:04.0	I'm making about 3,200 a month after taxes.
1:09.0	Okay, so I'm just going to put you on blast.
1:13.3	My screen says that this truck has a 30% interest rate.
1:17.4	Is that true?
1:19.3	You left that little part out.
	...

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