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The Ramsey Show

My Unemployed Husband Bought a $300,000 Car and Refuses To Sell It (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 3 August 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: EveryDollar, budget for the life you want today for free: Click Here "My husband bought a $300K McLaren before getting laid off and now refuses to sell it," Why whole life insurance sucks, from the blog: What Is Whole Life Insurance? "Should I buy a house with cash?" Why you should always pay IRS debt first from the blog: What Debt Do You Pay Off First? "How do I go to dental school without borrowing money?" Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Enter The Ramsey Cash Giveaway for a chance to win $3,000! https://bit.ly/TRSCashGiveaway Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Music

0:28.0

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage studios.

0:35.0

It's the Ramsey Show. We help people. Build wealth. Do work.

0:42.0

That they love. And create actual amazing relationships.

0:46.0

J. Warshall Ramsey Personality is my co-host. Open phones. A AAA8255225. That's AAA8255225.

0:59.0

Courtney starts this hour in San Diego. Hi Courtney. Welcome to the Ramsey Show.

1:04.0

Hi. Thank you so much. David's pleasure to speak to you.

1:07.0

You too. What's up?

1:09.0

I have a question regarding my husband's car.

1:13.0

I am wondering if it would be reasonable for me to beg. Please ask him to sell the car to get us closer to our financial goals and get us further out of debt.

1:26.0

No.

1:29.0

You shouldn't be begging and pleading your husband to get your financial goals in order.

1:34.0

The two of you should be talking about getting your financial goals in order and then he looks around and says,

1:39.0

Oh, one of the things I need to do to do that is sell my car.

1:44.0

Oh, I didn't expect you to say that. All right. I can do that. I can do that.

1:50.0

I think the two of you need to be so sharing of these goals that he looks around and says, what's best for the family is this.

1:57.0

I mean, tell me about the car. What's the situation with it?

2:01.0

He purchased a $300,000 McLaren knowing that he was going to lose his job and he did lose his job in February of 2022.

2:11.0

And he's been trying to build a business, a software company.

2:16.0

He spent $100,000 of our savings on the software company and it's going a lot slower than he anticipated and we're living on my income in Southern California.

2:28.0

Which is what?

2:31.0

I am a property manager and all of my properties that I've purchased are free and clear of debt and I make $225,000 in rent.

...

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