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The Ramsey Show Highlights

I Sold My Car And Now I Miss My Debt

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5838 Ratings

🗓️ 15 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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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. I've got a question. I've spent

0:08.0

most of my life really, really poor, largely due to I graduated with software engineering degree

0:13.9

at the time that WorldCom crashed. And I paid my debt off and I've lived with little to no debt most of my

0:19.4

life. And finally, in just the last few years, I've started making some pretty good money,

0:23.8

real good money.

0:24.9

And no other real debt, but I went and bought some fancy cars.

0:28.6

And now I've been listening to you all for a couple years, and I decided to sell my

0:31.8

20-24 Corvette off.

0:34.4

And I'm not going to lie, I'm missing the payment.

0:36.7

I'm missing the car. I'm missing the car. I'm missing the

0:39.5

payment. At what point does building wealth really start to take over that I'm going to enjoy

0:44.5

this versus feeling rich? In what point can I maybe enjoy both? I mean, it's just kind of a shell

0:50.6

shock to me to go from nothing to having something and now I'm driving up a

0:55.5

$6,000 car because I sold my $90,000 Corvette and it's just kind of a shocker.

1:01.0

Well, let me go back for a second because I'm just curious. Do you really miss your payments?

1:06.0

I get you, I'm missing the 2024, but do you really miss that payment? Like, that's real,

1:11.2

that's a real statement in your mind? Well, it's more like, you know, I made that payment and I was

1:17.9

saving money and I had no trouble saving money with it. So it wasn't like I minded it so much.

1:22.4

You don't miss, you don't miss shelling out that much money every month, though. Oh, no.

1:36.6

And the real listening to y'all, and I'll be honest with what ended up being the nail in the coffin is when they jacked my insurance over $600 a month.

1:37.2

And I'm like, whoa.

1:37.7

Yeah.

...

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