Is It Okay To Go Into a Little Bit of Debt?

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 7 March 2024

⏱️ 9 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. Start budgeting for free today. Let's go to Ethan in Kalamazoo. Hey, Ethan. Welcome to the show. Hi. Hi. How can we help? So I just had some questions. So I just turned 18 and I graduated a couple months ago.
0:23.5	And I just don't really have any idea, like, what to do with my money.
0:28.6	Okay.
0:29.6	So you're 18 years old, graduated from high school.
0:32.5	What are you doing now?
0:33.7	Are you in school?
0:34.5	Are you working?
0:36.3	I'm a pipe sitter in a pipe holder. Okay. Good for you. How much you're school? Are you working? I'm a pipe fitter in a pipe builder.
0:38.3	Okay, good for you. How much are you making?
0:40.3	I make $20 an hour, so about $2,400 a month.
0:46.3	Okay. Good for you. Are you living at home? Are you on your own?
0:51.3	Yes, man. You're at home? Okay. Awesome.
0:53.3	How much money do you have?
0:56.6	Right now I have about three grand saved up in a checking account, and then I have, I think,
1:04.3	$2,500 in the money market, and then I have another $300-something for bills.
1:10.7	Okay. And do you have any debt?something for bills. Okay.
1:11.2	And do you have any debt?
1:13.6	No, sir.
1:14.6	Great.
1:15.4	And what's your question?
1:17.7	So I was just like wondering because I know I feel like every, like my whole life, people said like, you know, renting, like apartments was like super bad and stuff.
1:26.6	And then I heard a couple times from you guys that, you know,
	...

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