My Parents Are Asking Us To Give Them $55K

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 16 November 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, & Kristina Ellis. Part of the Ramsey Network. Delivered to you five days a week. 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	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Carla is with us in Seattle.
0:12.6	Hey, Carla, what's up?
0:14.4	Hi, what's up?
0:17.5	It's raining.
0:19.5	How can we help you today?
0:22.2	My question is that my dad and his wife have asked my husband and I for a large sum of money to pay off their debt.
0:34.0	My husband and I are retired, and we are debt-free, but now we are on a fixed limited income.
0:43.6	We do not have what they are asking in the bank.
0:47.7	It would require us to take a draw out of our retirement accounts.
0:56.5	And we would not, we don't want to do that.
1:01.0	And I want to respond to dad with facts and data and not emotion.
1:07.3	Because I am very emotional and he is a great salesman.
1:14.7	So what's your net worth?
1:17.4	Oh, we are millionaires in the bank.
1:23.7	Yeah.
1:24.5	Untouchable money.
1:25.4	One million or ten?
1:27.3	What's your net worth?
1:28.3	Oh, I don't know exactly. My husband knows the exact numbers.
1:32.3	Oh, give me a round guess.
1:34.3	Uh, I don't know. It's two.
	...

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