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The Ramsey Show Highlights

Man Confesses to $50,000 of Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 26 July 2024

⏱️ 8 minutes

🧾️ Download transcript

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 i am uh in a bit of trouble actually

0:09.4

um so i uh with i guess i don't want to even start so i guess in the last year um i've been building up some debt, kind of hiding it from my family.

0:25.9

And it all recently came out and pretty much just tearing apart my family at this point.

0:35.0

How much debt, man?

0:37.2

About $50,000. Are you uh it's all credit card

0:41.8

what are you buying um so that's that's the the worst part is uh not really buying anything it's uh

0:50.6

it's actually uh streaming um so i uh i used to play video games a lot.

0:56.5

I'm actually in the military, so I used to, you know, play video games as a way to kind of cope.

1:02.5

And basically, I got into streaming and watching other streamers play video gaming

1:10.0

and kind of helped pass the time and especially

1:13.3

when i'm at work um and i just i kind of got into the whole gifting subscriptions um couldn't really

1:23.0

control it i can i can say i've never been addicted to anything ever in my life.

1:28.2

But you can't. It has got to be the closest thing.

1:30.1

Yeah, you can't.

1:30.7

You're right.

1:31.2

I can't say that, yeah.

1:32.4

I guess.

1:33.3

The definition of addiction is a pattern of behavior that continues after the person knows that it is hurting me.

1:41.8

And I continue to do it anyway.

1:43.6

Can I tell you, Alex?

1:45.3

I can this is me just being straight up with you. I don't know if I fully believe you.

1:51.2

What else were you spending? Fifty thousand dollars. I only see that in extreme

...

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