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The Ramsey Show

If You Want To Get Rich Do What Rich People Do!

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 28 August 2023

⏱️ 116 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: EveryDollar, budget for the life you want today for free: Click Here "Emergencies keep holding back our progress," "We disagree on how to use our money in Baby Step 6," Confusion around student loans, Check out the Ramsey Student Loan Hub for tips, tools, and the fastest way to pay off your student loans, "How do we prepare to build a house?" How to replace a car, "Is there any way to use the equity in our home?" "What's the best way to save for my grandkids?" "Should I invest instead of paying off my house?" Why warranties aren't worth it, read more: Are Extended Warranties Worth It? "Which debt should I pay off first?" Getting out of a $220k “HELL-OC", "I think we bought too much house" Support Our Sponsor: Balance of Nature PODS Moving & Storage Zander Insurance Churchill Mortgage BetterHelp Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Enter The Ramsey Cash Giveaway for a chance to win $3,000! https://bit.ly/TRSCashGiveaway Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Music

0:28.0

Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage studios.

0:35.0

It's the Ramsey Show, where we help people build wealth, do work that they love and create actual amazing relationships.

0:46.0

J. Washall Ramsey Personality is my co-host today as we take your questions about your life and your money.

0:52.0

It's a free call, some say the advice is worth exactly what you pay for it.

0:56.0

The phone number is AAA8255225, that's AAA8255225.

1:05.0

Chris starts this hour in Phoenix. Hi Chris, how are you?

1:09.0

I'm good, thank you for taking my call. Pleasure to speak with both of you.

1:13.0

I hope the advice is better than free, which I'm sure it will be, so thank you.

1:17.0

We'll see when we're done.

1:19.0

So, we are a new Ramsey Knight, or I'm not sure if there's a correct term, we're new to the Ramsey Plan, started in January.

1:27.0

We paid off $27,450.58, but the problem is that we keep having, I've had some medical issues,

1:37.0

she just got out of the hospital for two weeks, just last week, just found out my son needs like $3,000 for a car repair.

1:46.0

And we just feel like we're going one step forward and two step back.

1:49.0

And we can't just get traction.

1:52.0

And my question is, my grandmother gave us a stock when she passed away.

1:58.0

And it was worth about $100 a share.

2:02.0

Now it's worth about 240, so it went from about $8,000 to $24,000.

2:07.0

Should we sell that? Should we do something else? I just don't know what to do.

2:13.0

I do think that you should liquidate that stock.

2:16.0

Are you going, when you say you're going backwards, are you like going through your $1,000 emergency fund backwards, starting from scratch?

2:23.0

Or is it just you're not making the type of headway on your snowball that you'd like to make?

...

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