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The Ramsey Show

Married Couples Are Wealthier Than Unmarried Couples (Here’s Why) (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 8 November 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Kristina Ellis discuss: Sole Proprietorship vs. C-corp businesses, Affording to buy a house in this market, When your credit score goes to zero after paying off debt, Why married couples tend to be wealthier than couples who cohabitate https://www.wsj.com/articles/moving-in-together-doesnt-match-the-financial-benefits-of-marriage-but-why-11667761626 Support Our Sponsor: Zander Insurance Christian Healthcare Ministries Splash Financial Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Okay, I'm done.

0:17.7

Lively voice from the headquarters of Gram Cookie Solutions

0:27.4

from the headquarters of Ramsay Solutions broadcasting from the pods of moving and storage at

0:33.4

studio. Since the Ramsay Show, where Dead is Dump, Cash is King, and the paid-off home market

0:39.4

has taken the place of the BMW as the status symbol of choice. We help people. Build wealth,

0:47.7

do work that they love, and create actual, amazing relationships. Christina Ellis Ramsey

0:54.2

Personality Number One bestselling author is my co-host today. Open phones here at

0:59.5

Triple 8 825-5225. Thank you for joining us America. Our latest numbers reveal that there's

1:07.0

about 22 million of you out there. Thank you so much. We're honored. We appreciate that. We are

1:12.5

here to serve you. Triple 8 825-5225. Mark is with us in Knoxville. Hey Mark, welcome to the Ramsay Show.

1:20.5

Hey Dave, how you doing? Better than we deserve, sir. How can we help?

1:24.8

I am serving for it. I'm really in for it. I have been for about 25 years. Always filed

1:32.1

this over-patter. And my brother is telling me I need to switch to C-Court. I'll save money,

1:37.7

but he can't really explain to me why. And when I try to look it up, I don't know if I can,

1:43.0

since it's just me, with no employee. So, is it something I can do? And if so, should I do it?

1:48.3

You can do it and you should not do it. And you should not take any more accounting advice from

1:52.7

your brother. Okay. Now, if you do want to the only reason for a sole proprietor like yourself to

2:01.8

incorporate or to open an LLC would be to risk manage. Meaning, what do you do? What kind of business is it?

2:10.1

It's auto detailing. Okay. So, if someone was walking past where you were auto detailing,

2:21.0

they tripped over the hose and broke their face. Okay. And they said, oh, this guy looks rich,

2:26.7

we're going to sue him. Well, you have two options. Number one, you'd have insurance that would

2:34.6

pay him for his broken face because it was your fault. Your hose tripped in my guess. I don't know

...

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