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The Ramsey Show Highlights

I Owe More on My Car Than I Make in a Year

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 28 November 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today's episode features Dr. John Delony & 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. 💸 Budget for free with EveryDollar: Click Here 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.

0:06.2

Next we have Dylan in Indianapolis. Hey Dylan. Welcome to the show.

0:11.6

Hey guys. Thanks for having me. Absolutely. How can we help?

0:15.9

Well, I'm 20 years old, a college dropout, and I put myself in kind of, I would say a decent amount of debt at 20, which I'm not very proud of.

0:27.3

I owe about $70k in loans, and I'm just, I mean, I stress every day about it when I wake up.

0:32.7

So I'm just trying to see you guys' view on how I should start attacking my loan. Okay. And how I can pay off my debt.

0:38.7

Okay.

0:39.2

What's the debt in?

0:42.1

Well, I have 32K in a one semester of student loans.

0:48.1

And then I have...

0:49.2

Wait, wait, wait, one semester?

0:50.6

Where'd you go to school?

0:51.4

On Mars?

0:53.1

I went to a private Christian school in Minneapolis. But one semester? Where'd you go to school? On Mars? I went to a private Christian school in Minneapolis.

0:57.6

But one semester was $32,000? Yes, sir.

1:05.5

So their total annual is $64,000 per year?

1:10.6

Yes. Okay, that's okay, Dylan. That's okay. We're going to keep moving. We're going to keep per year. Yes.

1:11.6

Okay, that's okay, Dylan.

1:12.5

That's okay.

1:13.0

We're going to keep moving.

1:13.8

We're going to keep on moving.

1:14.8

What else?

...

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