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The Ramsey Show Highlights

I Owe Money On 27 Different Credit Cards!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 7 April 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 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 💵 Start your free budget today. Download the EveryDollar app! - https://ter.li/ttpjvq  🏘️ Get Organized and Prepared to Buy or Sell a Home - https://ter.li/7vm07f  📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 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

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.9

Hey, so I've been listening to you guys every morning on my way to work on the

0:12.2

satellite radio, like the car. And I got into a mess here. I make about $125,000 a year.

0:23.8

And last year I made $125,000.

0:25.9

And then I got a bonus of like $70,000 last year, too.

0:30.4

And then right now I don't have anything in my savings.

0:34.9

I don't have anything in my checkings.

0:36.6

I'm broke.

0:38.8

I'm paying my very minimums on my credit card. I got about 27 credit cards. I pay the minimum. And it's like

0:45.3

every day I'm paying a minimum on one of those cards. And it's like I miss a card one, one month.

0:52.2

And I forgot I had one. So I'm rightly in my calendar so every day my

0:55.8

calendar is filled with a minimum payment i got to pay to a credit card company how much do you

1:00.1

and credit card and um i can't how much is the credit card debt total about 12 000 okay you made

1:07.7

$200,000 with your bonus. What did you do with it?

1:14.5

I don't know.

1:16.7

I really don't know.

1:17.2

I don't know.

1:19.0

I'm trying to figure out.

1:20.7

That's what I'm trying to figure out what I'd do. If we looked at your bank statement and saw where all this money went, where do the top few things we would see?

1:27.7

Food, eating out. Wro store we would see? Food, eating out.

1:28.8

Yeah, eating out, grocery store.

1:31.9

No one spends 10 grand a month at the grocery store, though.

...

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