The Best Way To Build Wealth Is To Save Early and Often

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 1 March 2024

⏱️ 118 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign-up for EveryDollar today - The simplest way to budget for your life! Rachel Cruze & George Kamel answer your questions and discuss: "How can I stop living out of my car and get my money in order?" The importance of leaving a good financial legacy to your loved ones when you're gone, Pick a Side: To buy or not to buy a Stanley cup? Why leasing a car is a bad idea, 5 signs you're not taking retirement seriously. Support Our Sponsors: BetterHelp Zander Insurance Christian Healthcare Ministries Yrefy Next Steps What Is a Debt Validation Letter? 📞 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! 📈 For help with investing, get connected with a SmartVestor Pro. 🎟️ It's game on! Get your ticket for Total Money Makeover Weekend. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:39.0	I'm George Camel, joined by best-selling author Rachel Cruz. This is your show America. Give us a call
0:45.0	at AAA 825 5225. You jump in. We'll talk about your life and your money and
0:51.1	we'll try to help you take the right next step when it comes to your biggest life's decisions
0:56.5	and maybe smallest.
0:57.5	You know, it can be a first world problem.
0:59.3	We're down to chat about that too.
1:01.3	No problem, too small. Kenneth kicks us off in Houston Texas.
1:05.6	Welcome to the Ramsey show, Kenneth. Hello? Hey, how you doing?
1:10.7	I'm doing fine for now.
1:13.0	What's going on?
1:15.0	So, I'm currently in a situation where I'm living in my car.
1:22.0	I started in November because I racked up about $14,000 and
1:28.1	credit cards and I have 16 on my car as well.
1:35.2	So 16,000?
1:37.2	Yes on my car. Okay.
1:37.8	Where were you living before this?
1:40.2	Um, I was actually living in an apartment with my cousin and her boyfriend, but they decided to get their own place.
1:48.0	So I ended up in a car.
1:58.9	And right now you can't afford rent because of the debt? Yes, it's taking about half of my paycheck every two weeks and my car payment is $3.46, so I'm left with about $200.
2:09.4	So I am, I started this debt snowball and I managed to pay off one credit card but it's still not enough.
2:20.0	Sounds like we need to get your income up. Are you working full time right now?
	...

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