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The Ramsey Show Highlights

My Kid Won’t Pay Me Back!

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5840 Ratings

🗓️ 24 March 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.3

Let's go to Jennifer in Sioux Falls, South Dakota. What's going on, Jennifer?

0:10.4

Hi, hey, thanks for taking my call. I'm so excited. It's Jade and John.

0:14.8

Hey. We're excited to talk to you.

0:18.2

So I'm looking for some ideas on how to deal with my adult son. I just

0:22.5

want to say it's so hard to be a parent to adult children. So we've, my husband and I have

0:29.0

three adult children. They are all college graduates. They are all gamefully employed.

0:36.1

So our plan, because it was important for us that they go to college, so our plan was

0:41.4

that we would pay for 25% of their college need, you know, their tuition and room and

0:47.4

board.

0:47.9

And then they were responsible for the other 75%.

0:51.1

Okay.

0:51.8

So then of that 75%, whatever they would need to cover that, we would just loan it to them

1:00.8

and our gift to them was that it would be interest free.

1:03.5

Oh, whoa.

1:04.5

So that way they'd get out in the wrongs.

1:06.6

So one of your kids is not paying you back, are they?

1:09.7

Well, he's paying me back, but boy, it's like a turtle.

1:13.0

I meet him.

1:15.0

I'm just like our daughter, she got after it right away, and she, you know, within five years, she was all paid off.

1:21.7

And then our other son, his amount is so much smaller that I'm really not too worried about him.

1:27.1

Mm-hmm.

...

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