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The Ramsey Show Highlights

My 15-Year-Old Daughter Is An Influencer and Saved $100k For a Car

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 19 August 2025

⏱️ 9 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.

0:06.7

We have a 15-year-old daughter, and she is a social media influencer. We've made her older siblings buy their own cars,

0:17.9

and they probably had $6 to $7,000 to buy a car when it was time.

0:23.6

But obviously her situation is going to be much different.

0:28.3

And we aren't necessarily in agreement as to my husband and I as to how much money we should

0:36.3

allow her to spend on her car.

0:38.3

What is she earning? This is crazy. It is crazy. Her manager says that in the next year,

0:47.7

she'll make $100,000. Currently, she has a fully funded Roth IRA.

0:56.6

She has 32,000 in the brokerage, and she's averaging about $8,000 to $10,000 a month right now.

1:05.9

Wow.

1:06.5

So what does she want to spend on a car?

1:10.4

To get what she wants, she'd want to spend around $50,000.

1:14.9

Wow. Okay, I can understand your conundrum. Is that, can I just ask, can I just ask, honestly, is that more

1:22.8

expensive than your car? Yes. Wow. This is something. Yeah. Okay. Oh, my gosh. This is juicy. This is a good call. And this is how I would feel as a mom. And I don't have a 15-year-old. Let me just say that. Neither do I. I have a 10-year-old. So I take this with a grain of salt. I always hate

1:45.2

giving parenting advice when there's, I agree. I won't even say this is advice. This is like

1:48.9

what just came up in me, Wendy, as a mom. We'll just be, we'll just be girlfriends just chatting.

1:53.1

I like that. What rose up in me is less about the dollar amounts and more about what I am.

2:07.0

What am I? What am I helping her as a mom see that is important in life.

2:08.0

Meet every dollar budgeters Christy and Steve.

2:10.9

Their life is chaotic, but their money is simple because they budget with every dollar.

2:16.6

Budgeting with the spreadsheet took a ton of time.

2:19.1

But now it's every dollar.

...

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