meta_pixel
Tapesearch Logo
Log in
The Ramsey Show Highlights

Take Out a $170,000 Loan for a Job?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 7 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏦 Take Your 3-Minute Money Assessment - Get a personalized money plan! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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

Click on a timestamp to play from that location

0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

Hey, so I got a job opportunity to, like, own and sell my own tools.

0:13.0

I would own my own truck and everything, but the only thing is I would be going into a ton of debt.

0:18.7

I'm thinking maybe $170,000 worth of debt.

0:21.7

Oh my gosh.

0:22.6

For what?

0:25.1

To own my own tool truck.

0:27.0

I'd be like a franchisee.

0:29.6

This opportunity comes at the cost.

0:31.5

You're basically buying into the franchise to the tune of $170 grand?

0:36.4

Yes.

0:37.0

This feels like a great deal for them

0:38.4

and a terrible deal for you.

0:40.7

Well, the thing is, I can make like $180,000 a year doing it.

0:45.6

Why don't you do it by yourself on your own?

0:50.0

I mean, because I wouldn't even know where to start at that point,

0:53.8

but I was talking to them.

0:55.4

I have to put like 20% down, out pocket on the table, and they'll help me finance 80%.

1:02.8

I bet they will.

1:04.5

I don't like this concept at all.

1:06.7

What are you actually selling?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.