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The Ramsey Show Highlights

That’s Not a Side Business…

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 2 February 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 EveryDollar - The simplest way to budget for your life! 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! 📞 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

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0:00.0

brought to you by the every dollar app start budgeting for free today

0:06.1

Melanie is with us in Philadelphia I'm Melanie welcome to the Ramsey show

0:10.5

hi so excited to be here thank you for taking my call we're honored how can we help

0:16.0

um first of all let me just say george I'm reading your book. It's super awesome. Oh, thank you so much. Appreciate that. Yeah, no problem. So my question is, so my husband and I are

0:26.5

on baby steps two. I'm working to a full-time job. He's a school teacher and also has a training,

0:31.8

like a personal training gig on the side that he does. He rent his own facility, um, but he's had it for four years.

0:40.0

And my concern is that he really hasn't made any profit off of the business.

0:44.2

He makes just enough to just pay the bills at in the business.

0:49.2

Um, at what point do I have that conversation that it may not be worth his time in the business

0:58.1

just because it's just not bringing in anything that doesn't make money is called a hobby.

1:05.3

Right.

1:06.1

It's not a side hustle.

1:08.2

It's a hobby.

1:11.8

He likes work. He likes personal training so much. He's willing to do it for free.

1:17.0

Almost. I mean, he makes some money, but not as much as I think he should because he's been doing it for a year.

1:22.1

You're changing your tune in the middle of the call, which is it?

1:26.1

How much does he really make?

1:27.7

Net profit on the thing.

1:30.5

Probably, it varies every month, so we can range anywhere from 1,500 to like 2,500 a month.

1:37.4

Profit.

1:39.7

Oh, well.

1:41.1

You say after he pays his bills, he's not making much, if anything.

...

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