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The Ramsey Show

Navigating Money and Family (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 9 May 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "Should my brother take over dad's finances?" A high school senior who breaks U.S. record with 125 college offers, $9 million in scholarships, from the blog: Break the Chains of Student Loans, "I'm scared of buying a house..." "Should I pay off student loans or put money in a high-yield savings account?" Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Bye

0:10.0

Live from the headquarters of Ramsay Solutions broadcasting from the pods moving in storage

2:33.6

and so does how to go any of the big healthy savings from that but like you just i don't have anything else to show for so

2:42.4

that's where i need you to come in why i for me i feel like if you've been handling the finances up until this point

2:51.6

i don't see a reason for you to change it um do you feel good about your dad going to live with your brother

2:58.4

do you like that solution yeah so he wants the best for him and we both kind of agree with the majority of you know what are planned are for him

3:09.3

now when you said that you don't like the way you're not worried in any way that he would misuse any of the money

3:15.5

that you that's going towards your dad are you i i you know like a couple months a couple months after my mom died

3:23.8

he was like we need to buy my we need to buy dad and e-bike because you can't he lost part of his vision when he had the stroke which caused

3:30.6

smitha we need to buy him an e-bike so he can get around and i'm like okay what are you thinking he's like we

3:35.4

need to get him out those really nice ones that are like three thousand dollars i'm like you know how

3:38.7

three thousand dollars to spend on this you know it's just things like that and then i'm like oh red flag

3:44.0

what are you going to do with this money just why don't you just why don't you just move in man with your brother

3:49.6

you're in agreement on that and then you agree that you're gonna your dad is gonna pay your brother

3:55.4

x number of dollars rent per month to cover food lights water and rent and you just send him that

4:04.8

check and you manage rest of it and that's kind of what i'm thinking now me too that's what it's been

4:11.8

happening but i don't he's like well you know like with inflation uh well i mean with inflation what

4:18.9

i mean how much is the rent how much is the lights and water and how much is the groceries with

4:24.4

inflation and just take it you know take half of that and that's your number right two two grown men

4:31.7

living in the house right yeah yeah there's no inflation on this it's just what it is we don't

4:38.1

have to build in an inflate it's not like it you know we'll reassess it once every six months but for

4:43.7

this six month period of time here's what were you're actually spending on groceries lights water

...

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