"I've Kind Of Hidden Our Financial Problems From My Husband"

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 24 April 2025

⏱️ 9 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.
0:06.0	I'm 63. My husband is 60. We've been married 36 years. And most of our marriage has been full of debt.
0:14.0	Right now we have about 44,000 in credit card debt. We have an $800 truck payment, $200,000 between the two of us in student loans.
0:25.0	And I just feel we have no retirement whatsoever except our home.
0:31.9	You know, and so...
0:33.3	Help me with how you have $200,000 in student loans at 64 years old.
0:38.9	Oh, we're late bloomers.
0:41.7	Yeah.
0:42.9	Who's the doctor?
0:45.1	I know.
0:46.2	My husband felt the need to go and get two master's degrees.
0:49.7	He's a teacher and I'm a teacher.
0:52.3	And so we got a late start probably in our mid-50s. And I taught,
0:58.4	you know, I'm teaching wonderful. So one of them was not in math? No, I know. No.
1:05.1	Wow. So what are your incomes between the two of you with these degrees and these careers?
1:10.3	So between the both of us, I added it up, take home only, is $5,635 a month.
1:17.5	Okay.
1:18.5	You make $60,000, you make $30,000 a piece and he has two master's degrees?
1:25.0	Well, yes.
1:26.5	In teaching, it helped him make more money but our debt just seems to no no no no wait a minute
1:34.3	you don't make anything teachers that have two master's degrees should each be making 60 what are you
1:41.2	doing are y'all working in a preschool hey george here in the, and I bet you're wondering what they're going to say next.
	...

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