I’ve Kept My Wife in the Dark About Our Financial Situation

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 7 July 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.3	I'm pretty much grounding in debt.
0:08.2	I'm 27 years old, and I got about 350,000 in my house that I owe and about 120,000 and
0:16.4	eight different accounts that I'm owning.
0:20.2	And I'm just kind of trying to figure out what the best
0:22.7	route is I have a 401k loan I have doctor bills I have I owe 8,000 by IRS I have two personal
0:31.2	loans one auto loan one travel trailer loan and uh and in a 20,000 on a credit card.
0:40.7	Oh my gosh.
0:41.6	Okay.
0:42.7	So how did you get here, Michael?
0:44.5	What's kind of the backstory?
0:46.2	What's caused all this?
0:49.3	I think previously, I didn't, you know, I didn't make much money, and then I got a job where I started making more money
0:56.0	so I just started spending more and then I think it became a habit and then I started
1:01.5	trying to pay off my debt so I started consolidating debt with a loan paying that off or not
1:08.5	paying it off I consolidated and then rack up all my credit cards
1:12.1	and, you know, finance more stuff.
1:14.0	And then I consolidated again.
1:15.4	And I probably did that two or three times.
1:17.7	But now I'm kind of right at the edge, I would say.
1:21.7	Yeah, for sure.
	...

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