Stop Living In $1 Trillion Of Plastic Denial! (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 8 August 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: EveryDollar, budget for the life you want today for free: Click Here Why continuing to live in debt and doing nothing about it is choosing to live in denial, from the blog: How to Survive and Thrive Without Credit Cards How to know when you can afford to buy a house, from the blog: Am I Ready to Buy a House? A Debt Free Scream couple that shares their journey from "Dave-ish" to Gazelle Intensity, from the blog: Gazelle Intensity: Do You Have It? "Should I wait to start my own business to increase my savings after battling cancer?" 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	Hey, good afternoon.
0:24.2	Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and storage
0:32.8	and studios.
0:33.8	This is the Ramsey Show, where we help people, build wealth, do work, that they love and
0:41.6	create actual, amazing relationships.
0:44.6	Rachel Cruz, Ramsey Personality, number one bestselling author and co-host of the Smart
0:49.0	Money Happy Hour podcast on the Ramsey Network to be sure and check it out.
0:53.3	She's my co-host today.
0:55.1	Open phones here at triple eight, eight, two, five, five, two, two, five.
1:00.9	Fox News reporting Americans are increasingly turning to their credit cards to cover everyday
1:05.6	expenses with debts surpassing $1 trillion for the first time at the end of June according
1:14.9	to the New York Federal Reserve report published today.
1:19.9	In the three month period from April to June total credit card debt surged to $1.03 trillion
1:26.5	in increase of $45 billion or 4.6% from the previous quarter at marks the highest level
1:33.3	ever on record in the Fed dating back all the way to 2003.
1:39.4	The rise in credit card usage and debt is particularly concerning because interest rates
1:43.6	are astronomically high right now.
1:45.6	Oh, horse crap credit card interest rates have always been astronomical high.
1:50.2	I've been doing this show for 35 years.
1:52.0	They've been 18 to 28% the whole time I've been on the air.
1:55.2	No one thinks any of that slow.
1:57.2	That's dumber than a rock.
	...

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