I’ve Never Made Good Financial Choices

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 5 March 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.
0:10.0	So I have a kid going off to college next year, and I am in a ton of debt. I have not made good
0:17.4	financial choices or money choices. I've never learned how, to be totally honest,
0:23.8	but that's not an excuse. I just don't, I just haven't made the good choices. And so it was
0:29.3	recommended to me to file bankruptcy. And I just need to know if that's even like a wise thing to
0:35.0	do. I have a lot of credit card debt. Okay, walk me through
0:39.3	your debts real quick. How much debt? Okay. So I have student loans. I know that bankruptcy doesn't
0:44.6	take care of those. So I have over 100,000 in student loans, I believe. Oh, is that like right at like
0:49.7	100 or like 120? I think it's about 125. 125 in student loans.
0:55.1	Okay, keep going.
0:56.2	I have about 20,000 in credit card debt.
0:59.0	Okay.
0:59.8	I just had to buy a new car because my old car clunked out on me.
1:02.9	That one was paid off.
1:04.0	So now I have a car loan.
1:06.7	How much is the car?
1:08.9	I'm at 26,000.
1:11.2	Okay.
1:11.4	Is what I own my car.
1:12.8	Okay.
1:13.3	And then I have two civil suits from credit card companies.
1:17.5	Okay.
	...

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