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The Ramsey Show Highlights

My Wife Left Me and Drained My Life Savings

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 10 February 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.0

First, I appreciate you guys, you know, putting me on, but I wanted to just kind of, you know, put my situation out there.

0:14.0

In 2020, I'm a small business owner. In 2020, we had a great year. We're a fence installation company. Now, we were doing

0:23.7

really, really great around the time, 2020 into 2021. At that time, my wife had an affair. I was

0:31.0

working probably 50 to 60 hours a week just because I had to keep up with the demand for the

0:35.9

business at the time.

0:42.8

After that, you know, that hit me mentally and going into a divorce process, it killed me financially, and I've just not been able to recover.

0:46.4

It's just been a tough few years.

0:48.5

The business, since that, it was kind of like almost like a peak in 2020 and the

0:53.2

2021 with the work the business slowed down

0:56.4

after um i don't know if it's partially due to the economy or or just my state in general of

1:01.5

you know pushing forward lack of funds for the business and so on but um just been a struggle since uh

1:08.0

since that time so man. Sorry, brother.

1:12.5

Oh, it's all right. And, you know, with, you know, pre-divorce around 20-20, I had six

1:19.0

figures in the bank. I only had my mortgage, which is $1,400, which in Massachusetts,

1:24.9

you can't even rent for $ is just nothing for the more the

1:28.7

mortgage is nothing uh at the time it was 1250 but during the divorce i had a refinance so it went up to

1:34.3

almost 1500 uh but i i mean i just all my money got drained she spent 72 thousand dollars in

1:41.7

2020 the year of the divorce she just kind of drain the accounts and left me with that.

1:46.6

And then the tax liability, I got in the, I'm in huge tax troubles. I owe six figures to the,

1:52.8

to the government and then 30,000 to the state. And I'm just kind of lost.

1:58.8

Well, Let me,

...

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