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The Ramsey Show Highlights

My Family Keeps Asking To Borrow Money

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5840 Ratings

🗓️ 2 February 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by CHM, a biblically based alternative to health insurance.

0:06.3

Learn more at CH Ministries.org slash budget.

0:09.4

So my question was regarding an issue I have with more importantly my dad.

0:15.5

So my dad's always gotten into this habit of every so often asking to borrow money,

0:20.7

which I'm not hurting

0:21.6

for, so I don't mind. But it's gotten to the point where I dread taking his calls.

0:26.8

Because it's not about checking up on me or checking up on the kids. I always feel like it's going

0:31.2

to be, hey, by the way, can I borrow X amount of dollars? So my question is, how do I go about starting the conversation to where I tell

0:40.5

him, hey, enough's enough. Yeah. How old is he, Oscar? My dad is 60. 60. And why is he needing

0:49.3

the money? What's he using it for? Honestly, I don't even ask at this point.

0:56.1

I'm assuming bills.

0:57.5

Ever since I was a kid, he was never great with money.

0:59.9

I remember me and my sister were younger.

1:01.7

We always had to help them translate to let their landlord know that we're going to be

1:06.4

laid on the bills.

1:08.0

And it's been a never-ending cycle.

1:10.3

Okay.

1:10.7

So you don't think there's probably much to his name financially. And it's been a never-ending cycle. Okay. So you don't think there's probably much to

1:12.2

his name financially. And he's literally using it to stay afloat. Is he working? Is he working?

1:19.8

Yeah. He has a full-time job. How much does he make a year? Honestly, I don't know 100%, but I'd say

1:26.7

somewhere around the $50,000 range.

1:29.1

Okay.

...

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