My Car Payment Is $1,200 a Month!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 16 January 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.2	Start budgeting for free today.
0:06.6	The numbers are 94,000 in debt.
0:11.2	56K is from a car.
0:13.7	The car max value would be 40 to 43K.
0:18.0	And I'm paying 1,200 per month for that.
0:20.4	Ooh, why? Yeah, $1,200 per month for that. Ooh, why?
0:22.6	Yeah, so yeah, right, exactly, exactly.
0:25.5	So my story is kind of like a five-year timeline.
0:29.5	Straight out of college, I moved to California so I can continue my college relationship
0:35.8	after working at home.
0:37.3	The job I had was miserable, and there just wasn't any growth in it.
0:41.7	So I decided to just take the jump.
0:43.8	I followed love and things were working out.
0:46.9	I ended up becoming a mortgage loan officer.
0:49.5	And so I made great money at a young age, making like over 10K a month, but, you know, that didn't
0:57.4	last for a long time.
0:58.5	The industry died because the rates crashed.
1:00.6	After that, I got into recruiting.
1:03.1	Same thing.
1:04.0	I made amazing money.
1:05.4	I was making $50 an hour, and I was sugar daddy.
	...

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