In Over $200,000 Of Debt and Don't Know Where To Start
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 23 August 2025
⏱️ 8 minutes
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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. |
| 0:10.4 | My husband just finished B-S-N school in May. We didn't take out any additional debt for him to go to nursing school. |
| 0:17.6 | Once he finishes orientation in December, his estimated growth income will be about 88,000 |
| 0:23.9 | with the opportunity to make 100,000 if he picks up an extra shift every pay period, which |
| 0:30.8 | would net us about like 70,000 after tied in taxes. Cool. We'll get a $10,000 sign on bonus. |
| 0:37.8 | That comes in four installments over its first year of employment. |
| 0:41.6 | He would like to go back to school in two years for a doctorate in nurse anesthesia, |
| 0:46.9 | which is a three-year program. |
| 0:48.7 | It would increase his earning potential to $250,000. |
| 0:52.5 | The cost of tuition is about $125,000, which you could get covered by going |
| 0:58.0 | into the military or getting accepted into a rural medicine scholarship program. However, you're |
| 1:03.8 | not allowed to work in years two and three of the program. We currently have 200,000 in student loan debt with varied interest rate. |
| 1:13.2 | We have 4,300 credit card debt with a 25% interest rate. |
| 1:17.7 | We've been married for three and a half years. |
| 1:19.6 | We're trying to start a family who's been trying for about 11 months with one miscarriage |
| 1:23.5 | at the 7 months mark. |
| 1:24.8 | And we have a 2007 Toyota, which has like one to two years left of life |
| 1:31.2 | in it we're wondering what to put our money towards first between saving up for baby the car needing |
| 1:38.0 | a new to us car and the debt and then once we pay off the car and save up for once we save up for a new car save up for the once we pay off the car and save up for, or once we save up for a new car, |
| 1:46.9 | save up for the baby and pay off that credit card debt, should we start saving for him to go to |
| 1:52.8 | school since it would increase the size of our shovels significantly to 250K? Or should we pay off |
| 1:58.5 | our student loan debt before sending him to school? |
... |
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